I am 29 years old now earning a little more than average, but not by a large margin.
My ultimate dream was to buy home, pay it off, buy yacht and sail the world on rental income
and keep the home while yachting. Hopefully with a lovely lady who shares a similar dream. I think keeping the house while cruising is the most responsible plan as yachts fall in value and houses go up. Even if that means I cant buy as big of a yacht. In the meantime just go sailing where I can.
I purchased my home in 2003 and I now owe less than half what it is worth now and I have saved about 50K. I have a beach cat and went halves in a mate in a 25 foot trailer yacht and I go sailing every second weekend on the cat or over a few nights on the 25 footer. This xmas I will be going to the Whitsundays for 4 weeks on the B25.
Right now I am realizing that my relationships with woman who I have nothing in common with, and just liked because they were attractive were never going to last. I never went sailing with them in these relationships so the dream was never going to happen. The dream was forgotten as they didn't want to sail. When I'm single
the dream comes back and this time if she doesn't want to come sailing its a no go from the start! I'd rather be single
and sailing. Thanks to the advent of internet
dating I am having a second date with a nice doctor on her yacht this sat!
I am also toying with the idea of putting the ultimate dream of full home ownership
and self financed cruising on hold for while. This Tues I am going to see a financial planner and mortgage broker to get another 50k on top of my savings. Then I can use my 6 months payed leave with say a year of leave with no pay to buy a boat and cruise Asia
for a year or so with a good reserve of emergency
cash. (or sail pacific by buying
in the US). My house will equal its repayments with rental income
during this period even with the extra money
on it due to a refinance for 30 years. When I get back I can sell the boat and if all goes will it will have only postponed the ultimate dream by a few years or even reduced it if I make money
a yacht overseas. Unfortunately Australia is the land of the most expensive yacht.