I stood on the sidelines without jumping in since I didn't want to stifle or make it awkward for any participant - so please don't sensor yourselves just because I'm here. But the questions kept coming and I figured I could fill in some of the blanks or maybe answer YouTube related questions... hopefully, without derailing the honest discussion that's been going on for 68 pages
Regarding our situation -
We left on sabbatical with around $125,000 and the intent of cruising (maybe circumnavigate) for three years. We had budgeted $75,000 for this "adventure" and hoped to return with the remaining $50,000 to restart life on land (we sold
everything when we left). Well, once we left the US, we found that the money
went much further than we dreamed, and this allowed us to comfortably reduce the budget
to $15,000 a year and extend our time off until we hit that red line of $50k remaining in our account.
The increase in the market from 2012-2016 didn't 100% cover our cost of living, but since we weren't retired or planning on living on this account for the rest of our lives, we were happy to just have the flow of money
OUT of our bank account slow.
We have a retirement
account that I started at 18 and is not to be touched until we're of age. We are not adding to it currently, but based on average balance for people our age, we're doing just fine.
In 2016 we switched over from our written blog to YouTube. We were fortunate to already have an established presence from the years of the written blog. Growth was pretty rapid at the beginning and we quickly got to the point of covering our living expenses. Unfortunately, we also plateaued rapidly and we haven't really grown since. It's a minimum wage job, but if it keeps us going it's worth the effort.
We currently have enough saved to build the new catamaran
to the stage where we can launch, motor
around (cruise locally) and live aboard. The rig and sailing hardware
may have to wait, but that just depends on how over budget we are... we are budgeting high and keeping an emergency
fund off limits for the build. No loans will be taken.
Living expenses will hopefully still be covered by YouTube income, but if not, then we get jobs. Obviously we like hard work - or we wouldn't be building a boat - so getting normal jobs isn't a punishment or threat to us