It’s taken me some time to get caught up on all of the posts!
No, I’m not in therapy yet! HAhahahaha! Nor have I been miraculously swept off by a forum member
. I have been doing as I normally do. Attending my normal work week and family
life, and working toward my sailing goals each evening. Not much spare time! Packing boxes, loading the car each evening (with no less than 30 items, that's one of my goals) to donate the following day. Slowly but surely getting rid of “stuff”. Also weekends are spent doing repairs
and work on the house to ready it for market.
I can’t speak for all women, or men
. But yes, I’d love to have a macerator, electric
flush toilet. A water
a washer, a freezer
, an icemaker and genset power! etc. But I realize that if I want to leave earlier than later, I might have to forgo some things. Plus, because all boat system maintenance
and repair will be new to me, I think I should start with simple systems and work my way up. There have been a lot of good points concerning comfort as well as the beauty of simplicity . Of course I won't deny safety
. So, as advised in other threads, my first years budget
will be spent on ground tackle, safety gear
I think that I seem to fall in the middle of everyone's advice? Maybe a little more towards the planner, worrier when dealing with financials. I'm already frugal. Shop at thrift stores for my wardrobe. Why spend $30+ for a pair of jeans when I can spend $2.50? I also can rough it out with the best, even excreting in buckets, but would rather have a flush toilet. Everyone has good points, on either side and I realize this has been discussed many times before. You must understand that I have been reading, absorbing the information on this forum for 10+ years, scheming and planning. However I've made mistakes
, or have encountered blocks in the road.
My problem is not that I won't adapt to my new lifestyle. I've always known that I will. My problem is that a majority of my saving's cannot be accessed until I'm 59.5-60 years old, without a high penalty financially. If I had been wise enough, or able to save some money
in a Roth.......? Well, the situation might be different. My problem is how to leave earlier than 59.5. Because between 55 and 60 I can't collect on any of my savings. @62 I can begin SS, @66-67 I can begin Medicare. This has all been a given in my original plan, retiring at 60. I may well be stuck to my original plan, given circumstances. That wouldn't be so bad either. Live on a boat, gain knowledge while refitting over 5 years. It's a sound and reasonable plan. I'm not exactly a charity case, happy to say.
I'm not willing to concede? Boat insurance
, it'll be my home. I won't have an extra $60-$100 k to replace if lost
. So cruising Caribbean
$3k-$4k per year? If I can even procure it being that I'm live aboard with limited experience. Automatically $250- $330 per month. Health insurance
? $300-500 per month? Not wise to do without unless planning and starting residency in SA or Mexico
. I might in the future decide to establish residency elsewhere. But cruising the east coast
USA and Caribbean
? I'm aware it's hard to fathom for anyone outside of our healthcare system, but a simple broken bone can render creditors seeking liens on your asset's (the boat, bank accounts holding savings, etc.) if you don't pay the medical fees
. In the US. I know, stay away from the US, but where should I station my medical
provider if I'm cruising in the Caribbean? I'm a US citizen! At any rate, between the ages 55-67 I'll be paying high cost medical insurance
and out of pocket medical costs. So already 1/3 of a $1500 month budget
will be spent on the security
insurance provides. Boat maintenance
? Minimal $500 a month? $6k a year? On a 35' boat purchased for between $60-$70k, 15-20 years old., and planning to spend, initially $10-$20k on a refit
. What's left? $400 for food
, entertainment, port fees
, travel inland, and travel home for visits. And I could live like that, I did once live like that on terra firma. It's not that pleasant. Doable yes. But that experience of not having funds to take my children
to museums, parks, cultural events
, sporting events
, let alone vacations etc. Is just deeply etched on my conscience. I really am fighting going back to that existence. If I were out cruising I'd want to tour the countries landmarks and historical sites. While it would be lovely to sit at anchor
in a beautiful spot, as opposed to my life now, would I feel remorse for not being able to afford that land excursion?
And yes, time does run out. I know this. And I weigh my options, as we all do. Hence the desperate reason for my post. So my question is there any way to generate $1500 per month + while cruising? And/or If working only 6 months per year then I'd have to generate twice that amount in half the time.
Some ideas I've brain stormed,
my own boat - Chesapeake in spring, summer Caribbean fall winter
* Find a company willing to hire me remotely
* Win the lottery
* cultivate/start an online business that I can tend to remotely
* waitress / bartend along the way
And that still will not leave me the cash flow to continue contributions towards retirement
. Just living money
for the now. But there's still that axiom of freedom vs. money.
hmmm perhaps I should've kept my my questions to my self. As it seems more and more waiting might be most practical for me. Though I wish it weren't.