Where and How Do You Get The Money

[gettinthere]

I want it all, and I want it now

[zeehag]

Originally Posted by gettinthere

I want it all, and I want it now

goood luck------

[cat man do]

Originally Posted by SPCarroll

I just followed everyone's advise and did it. I'm 23, I sell cars, and I don't make a ton of money at all. I've been poor my whole life and have had to work to get anything I've gotten in my life. I've loved sailing for a long time and my goal is to sail around the world and live my life (or at least a big portion of it) as a cruising sailor. I found a cheap boat, bought it, and have been working like crazy to get her fit for sailing. I've been living aboard since the beginning of May, and still loving it. I find that on a boat I don't need to pay electric, gas, rent, or any of those things. I did sacrifice lots, I no longer have a car or an apartment, but it's the way I want to live. It's much simpler, and I just can't wait till I'm travelling, not just sitting in a marina. If you want to do it, you can. As for making money while cruising.....I'd like to know that myself. Start small, start now, and do it!

I know a guy who has done this for a long time, had a few beers with him on Wednesday.

Unfortunately for him now, he is finding it difficult to work like crazy as he is over 55 and his joints aren't what they used to be.
He has no skills or "real" work history to get him a job elsewhere.
The boat just isnt that comfortable for him any more, he could really do with something bigger, but he cant afford it.
He is concerned that he may soon be forced into a marina that he cant afford or have to go land based, which he also cant afford.
His boat certainly isnt worth what it used to be, if, he could find a buyer.

Personally, I am glad that I have made sure I have some form of income and assets behind me before I jump off.
Getting old, not that 55 is, and finding all you have is a tired boat worth little and tired bones worth even less is not something I would wish on anyone.

[Doodles]

Originally Posted by Lifegoal2sail

Again, not to get too personal on the internet, but after my last marriage, not only did I go through all my money but my credit took a big hit. Now I got the credit back, but the lasting affects are still there. I tend to worry about the feature more now then I ever did. The what ifs get me. AND I HATE THAT. It holds me back from a lot of other things.

Someone once said the saddest two words are ... "If only ...". Maybe true.

Here is something that may help put things in perspective for you.

I want to quit my job and follow my dream, but

[simonmd]

Sorry but, what a daft question!! In the world of cruising you'll have,

Retired with a pension,
People with jobs that dont need a base (Internet, authors, money/stock traders, etc)
Yes, rich people
People who have made money on their property and sold up
People who have had inheritance money
People with savings
People who have won the lottery, bingo, casino, etc
People who have robbed a bank
People who got made redundant and got a decent payout
People who make their cruising itself earn them money, charter day trips, delivery, even making money from their own blogs and videos (like the excellent Maxing Out site, detailing the adventures aboard the sailing Cat' 'Exit Only')

etc, etc, etc.

Now, next question, "How long is a piece of string?"

[Doodles]

Or you could just become a yacht broker you can make £336 per hour and here's how ...http://www.cruisersforum.com/forums/...tml#post704844

[Boracay]

I could be wrong, but my guess is that we are bumping along at the bottom of the economic cycle right not. Those who are out there most likely made their dosh when things were booming.

So, being young and all that, why not think about readying yourself for the next boom. Work out what you're good at and upskill in that area. Look at buying assets that could appreciate. Plan on putting in a dozen or so years of hard work and long hours.

I haven't done a poll but I'll bet a few of our members have done just that.

Cut your costs and work on building your income. That sort of thing...

[captain58sailin]

If you can buy any kind of an income property right now, it is the right time. Make sure that the rent will pay the expenses and taxes and when the market turns in your favor you will be able to profit from that, when everyone is yelling gloom and doom, that is the time to start looking for opportunities. As far as the quitting cruising, that won't happen for me.

[Doodles]

Originally Posted by captain58sailin

If you can buy any kind of an income property right now, it is the right time. Make sure that the rent will pay the expenses and taxes and when the market turns in your favor you will be able to profit from that, when everyone is yelling gloom and doom, that is the time to start looking for opportunities. As far as the quitting cruising, that won't happen for me.

Buying investment property on credit usually requires a fairly strong balance sheet these day and based on the OP's statement below that's probably not an option. Nor I doubt would be a all cash purchase.

Originally Posted by Lifegoal2sail

Again, not to get too personal on the internet, but after my last marriage, not only did I go through all my money but my credit took a big hit. Now I got the credit back, but the lasting affects are still there. I tend to worry about the feature more now then I ever did. The what ifs get me. AND I HATE THAT. It holds me back from a lot of other things.

[Lifegoal2sail]

Originally Posted by simonmd

Sorry but, what a daft question!! In the world of cruising you'll have,

Retired with a pension,
People with jobs that dont need a base (Internet, authors, money/stock traders, etc)
Yes, rich people
People who have made money on their property and sold up
People who have had inheritance money
People with savings
People who have won the lottery, bingo, casino, etc
People who have robbed a bank
People who got made redundant and got a decent payout
People who make their cruising itself earn them money, charter day trips, delivery, even making money from their own blogs and videos (like the excellent Maxing Out site, detailing the adventures aboard the sailing Cat' 'Exit Only')

etc, etc, etc.

Now, next question, "How long is a piece of string?"

Hello Simon,
Pardon me, but I don't do well with replies like this. The one thing I absolutely love about the internet is the people that help. These types of forums can be great bits of information. It could be a difference maker for people. While I’m no sailor, I use to be a certified automotive mechanic. I’ve built several vehicles in my short lifetime. And I’m on several automotive forums. I’ve written several how to’s, and even invited people over to my house to show them how to do things. All forums are basically the same. You’ll always have new guys and they will always ask the same questions (how much does this, what size that). I all ways thought the people that replied with the “use the search button” comment are hard nosed pricks. For one, not everyone is computer literate. Two, when you are the new guy usually your so excited that your head is spinning and it’s really hard to make intelligent decisions. Combine those two with the fact that most threads are cluttered with off topic BS that make it hard to understand, or there are just a lot of “I’ve heard” comments. In the time it takes an experienced person to reply with some unhelpful comment, they could have used that time more wisely and actually answered the question or at least posted a link for the new guy to look at.

Your reply is no different!

While you may think my question DAFT (which I take that for meaning stupid), it is quite a valid question for a new guy thinking of making a HUGH life changing decision. Obviously I thought it was worth the time to type up and ask. Asking this question, and with some of the answers, I’ve learned a few things that I didn’t think about. It’s also lead me to other questions that I wouldn’t have thought to ask until after I would have made another decision. And we aren’t talking about a couple of hundred dollars here; we’re talking about tens of thousands of dollars. This type of question could be the difference between some one going totally broke and not having any retirement left or slowing down and changing things so they can plan better. Such is the case with me. I could sell everything I have, quit my job and tell everyone good bye and just go. But that wouldn’t just be irresponsible, it would be stupid. One, I wouldn’t have anything for retirement. And if something happened, I wouldn’t have anything to come back to. This isn’t some pipe dream. I will have my boat and sail it to. But I have to put things into perspective and this type of question helped me do just that.


There are A LOT of things people have said on this forum (and others) that I thought were daft, but I’m polite enough to either keep that to myself, or just not post a comment. That way I don’t insult someone that may be trying to learn something. Such is the case here. Asking this question, and with some of the answers, I’ve learned a few things that I didn’t think about. It’s also lead me to other questions that I wouldn’t have thought to ask until after I would have made I had made other decisions.

Lastly, just a bit of advice. There is an old saying in Texas. It takes more work to be mean then it does to be nice.

Sorry about the long post. But this just chaps my hide.

[imagine2frolic]

Slapdash made their own money, and sold everything they had. Seth is a fun read, and answers people back when they write. The have paypal, and sell hats & t-shirts to continue on. They are young, and capable.......i2f

[simonmd]

Originally Posted by Doodles

Or you could just become a yacht broker you can make £336 per hour and here's how ...http://www.cruisersforum.com/forums/...tml#post704844

LOL, nicely done!

[simonmd]

Originally Posted by Lifegoal2sail

Hello Simon,
Pardon me, but I don't do well with replies like this......

Woah, easy there, my reply was ment to be 'tongue in cheek', hence my last light hearted line including a smiley.

If I was meaning to be rude, etc. then I wouldn't have added all the possible sources of income that i'm aware of to actualy try to be helpfull and answer your question fully.

If i'd ment to call you stupid, believe me, I would have. Daft is hardly the most insulting comment I could have put and if you take a deep breath and step back for a second, surely you can see my reasoning.

If you take such offence at having a pretty nieve and personal question refered to as 'daft' then I suggest you get a thicker skin. There are alot worse people than me out there I can tell you.

However, if my wording did hit a nerve and you took offence, i'm happy to appologise, that was not my intent.

[Connemara]

Hmmm....$25-$50K a year to live?

Strikes me that's pretty doable.

Our crack personal financial advisor tells us that our core spending at the moment (two cars, house, 27-foot boat (all paid for) and kid living at home (not paid for yet, damn it)) is about $65-$70K. We spend more than that, of course, but that's what we need to live comfortably.

One we doff the kid and the cars, we could easily live on $60K a year. And that amount, we are assured, will be available from savings and retirement income (when the day comes) without leaving us destitute in our old age.

As long as your idea of cruising isn't mega-yachtish, it seems to me that it's a pretty cheap way to live.

OTOH, Eileen Quinn has a great song about failing to plan for the future. Title, if memory serves, is "Oops I Forgot".

Connemara

[osirissail]

Originally Posted by Lifegoal2sail

Hello Simon,
Pardon me, but I don't do well with replies like this. The one thing I absolutely love about the internet is the people that help. These types of forums can be great bits of information. . . . But this just chaps my hide.

No offense intended, but you forget that forums like this and others have answered the "basic questions" every which way to Sunday in current and past threads. What invites the spurious or wise crack remarks is the implied laziness of the question ask-er to use the "search" function and find the answers himself.
- - It takes the patience of an experienced "parent of a toddler" to not get irked by the constant re-asking of "why'" "how" and such never ending questions that have already been answered a hundred times over. But that is the nature of public forums and if you wish to use them you should accept graciously the poking and ribbing about asking basic and repetitive questions. There are always some posters who will try to repeat the useful answers for you so you don't have to do any work researching the answers yourself.
- - So chill out and join the crowd as some really good one liners usually pop up along with the obvious answers.