Iíve been lurking on this (excellent) forum for a few months now, working on a plan to go long term cruising
. My wife and I have essentially zero sailing experience, but have spent time on boats scuba diving
and travelling around SE Asia
. Clearly nothing like sailing full time! Having explored a friendís small yacht back in April we decided to explore the possibilities. The draw of the independence, freedom and actually using the time we get for ourselves rather than ďthe manĒ is unquestionable. A few books
later, one big spreadsheet, investigation into quarantine rules (we have a small dog), we thought we had a plan outlined to put us in a position to sell up and sail in 2-3 years.
The basics of the plan were:
1. Learn to sail on holiday(s) to day skipper
or even coastal skipper
standard, perhaps in the Canary Islands, but anywhere will do!
2. Get enough equity in the house to sell in order to:
a. Buy a yacht Ė probably a catamaran
for ball park $225-275k.
Why a cat? More space, more light, more comfortable at anchor
and a few other reasons. However we are open to advice on this.
b. Make investments to yield ball park $2200-2500 per month (probably from rental properties). These should also increase in value, so investing in growth areas would also be key.
Why this figure? The cost of blue water
cruising seem to fit into the how long is a piece of string category.
I used Bumfuzzle and this forum to help get to these numbers.
By separating out the more constant factors of insurance
as a baseline, the rest becomes more subjective. This covers the G&Ts, expensive ingredients, cameras, laptops, meals
, flights home and car hire. Here I am assuming $15k/PA for maintenance
. Leaving $1200/month approx. for everything else.
Again, more advice is very welcome. Perhaps spend less on the boat and have more income
from investments. Or maybe my figures are well off the mark.
3. Build experience sailing in coastal waters, progress to yacht master off-shore.
4. Potential run a few crewed charter
weeks in order to create some more investment cash.
until weíve had enough (5 years?) sell the boat, sell the investment properties and (hopefully) not be in a bad financial state.
However a recent combination of huge house price
rises in London (significantly increasing our equity) and the option of taking redundancy might have accelerated things somewhat.
Itís probably worth noting that my wife and I are in our early 30s and are both healthy and (relatively) fit. We have a young cavalier king Charles spaniel (basically 9 kg of fluff) who has travelled abroad with us before and would certainly become the chief security
officer, even if it does limit where we can go somewhat. My wife at least can earn more cash while we travel, as she is already a freelance fashion designer
Ė which largely involves designing with paper and pen and emailing the images
. She would be keen to stay in the game
rather than stop entirely. I can possibly pick up some work too but Iím not confident about it.
So thereís the can of worms. Iíd really appreciate your advice?