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Old 11-08-2013, 22:36   #16
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Re: Liveaboard on Fixed incom/questions

The short answer is that unless your current annual personal budget is a lot less than $0 it can't be done.

Long term (as a rule of thumb) your boat is going to cost 25% of it's good condition value and your personal budget is going to be close to what you spend now. Taking the good condition value as $40k that's $10k p.a.

Your personal budget is going to have to be more than $15k p.a.

So each year you're going backwards to the tune of $10k.

While a lot of boat maintenance can be deferred and the depreciation can come out of the value of the and it's possible to live on beans boat sooner or later it's all going to catch up with you.

That's not to say it's not possible to have a great time but do keep in mind that there's a day of reckoning and have a plan in mind to deal with it.

You don't say how old you are or if you can get some other income but making another $10+k each year is going to make your life just that much more comfortable.
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Old 11-08-2013, 23:02   #17
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Re: Liveaboard on Fixed incom/questions

Boat maintenance costs are less if you do all your own labor. Gee I just did a major overhaul on my engine and even including parts and machining, my yearly maintenance costs will be roughly 10% of boat value this year. Most years my maintenance costs are in the 3% range. But I'm cheap and do all my own work, except the prop zincs myself. Plus I'm only hauling every 4-5 years.

My monthly budget is less then $600, so $1200 is doable. Though some need two to three times that. Sure I blew the budget on the engine, but sometimes stuff happens. Just not every month or year..

Short answer, It takes whats you gots.
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Old 11-08-2013, 23:13   #18
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Re: Liveaboard on Fixed incom/questions

Living in the US...For one person living alone on a boat, with a good medical and dental insurance coverage...you'll need around $2500 USD/month. A good medical and dental insurance coverage will cost you around $500 USD/month.

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Old 11-08-2013, 23:37   #19
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Re: Liveaboard on Fixed incom/questions

Good lord, I've been doing it all wrong for 3 years now.... Not everyone has good dental or medical insurance either or any health insurance for that matter. There is this crazy blonde chic that lives pretty well on way less then $2500 per month.

The low stress boating lifestyle is my health assurance. But it is true that for many $2500 might be required. But its not one size fits all. YMMV
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Old 12-08-2013, 06:58   #20
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There is a marina on the Dania Cutoff canal called Royale Palm Marina. Cheapest I've found in Broward county. Lots of moorings in Marathon, and the prices were decent.

I am looking north on the St. Johns River. Slips with power, water, pumpout, and WiFi way cheaper than Broward County. Either choice keeps you within a few hours of H'wood to deal with idiots.

$900 a month for a 1/1.5 in Hollywood! Man, I gotta get out of Broward County. Friends just rented a 3/2 apartment in Margaret for 1400 a month!!!
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Old 12-08-2013, 07:20   #21
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Re: Liveaboard on Fixed incom/questions

keeeeryzt--if i only had 2500 per month!!!!!!

living on land is waaay pricey, but usa marinas are now almost equal to living on land..if you can manage to use marinas only in low season when they are not so pricey and if you dont mind sailing a little bit, you can live on less than 600 usd per month.

you may have to travel a bit, but that is just part of the lifestyle you are scheming....

good luck and keep us posted...

welcome, btw....
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Old 12-08-2013, 07:36   #22
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Re: Liveaboard on Fixed incom/questions

Hiya Zeehag! If you had $2500 USD/month...look at it in a different light...

If I were king--ah love, if I were king!
What tributary nations would I bring
To stoop before your sceptre and to swear
Allegiance to your lips and eyes and hair.
Beneath your feet what treasures I would fling:--
The stars should be your pearls upon a string,
The world a ruby for your finger ring,
And you should have the sun and moon to wear
If I were king.

Let these wild dreams and wilder words take wing,
Deep in the woods I hear a shepherd sing
A simple ballad to a sylvan air,
Of love that ever finds your face more fair.
I could not give you any godlier thing
If I were king.

Copyright, Written by Justin McCarthy 1938

You have a blue chip day!

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Old 12-08-2013, 09:30   #23
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I meant to say Margate, not Margaret! Spell chick is a pin in the ash!!!
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