I owned and ran a business for 20 years that foundered in the 2008 recession, as did my wife’s business. It kicked our butts. It took us 10 years to recover from that.
About 2 years ago I was sitting in my cramped cubicle at the large corporation I now work
for, performing useful and essential yet mind-numbing tasks. I had hit some kind of threshold, I thought “this needs to change soon or my life will end prematurely”. I was 56 at the time, I pondered that if I stopped working this way sooner, I would make less, yet live longer. This sounded fine. I conceived a plan and told my wife. She was on board and began working the plan. It has matured since then and we have been working steadily on setting it up.
Broadly the plan was as follows: Jettison most of our stuff, store the remainder. Set up 1 or more vacation
rentals for semi-steady income
, sell some toys. use a small 401 k as a backstop, move to another country for a time (likely Mexico) to reduce potential medical
and living costs. Lower the stress, live near the sea. Sail. Possible sailing adventures – live aboard? – Perhaps.
So far, we’ve fixed up and sold
my wife inherited and bought a house in Sedona, AZ and fixed it up as a vacation
rental. It is going very well and will likely generate steady income
for years to come. Early this year we set a firm target for when to move. 2 years. These next two years are the most stressful years because we are jettisoning stuff and need to fix up our existing home for sale
I am finding this curiously freeing and I am finding goodness in parting with stuff. I am a designer/fabricator/maker and a high-functioning packrat. This means that I CAN tell you what I have and WHERE it is amongst my highly organized bins. Yet, it mostly needs to go.
Whoa…this is hard, am I committed or not? I built up and stocked an entire nice toolbox for my brother and gave it to him. We’ve been giving stuff away. Some ebay-ing, but it is terribly slow. I am guessing I need to schedule a front end loader for two years in the future – to trash our remaining stuff.
Another fun part is that we own a Macgregor
26x (no jeers please, it has been a load of fun). Yes we’ll get a more serious boat eventually, but I can trailer
the danged thing to Mexico
at about 60 kts and do light coastal stuff. I need to make it more Seaworthy
and that is already entertaining us.
I’ll update this as we progress if anyone is curious.