Going Sailing
Dryer sheet aficionado
49 years old. Married. 16 year old son.
Glad to be here. A place where I can confess to having accumulated a net worth just north of 1 million and it doesn't amount to bragging. It includes 650k of mostly equity based retirement funds and a house. We are on track to retire and maintain current lifestyle somewhere in our mid sixties. Household income something $160ish.
Which is interesting. Because I haven't met anybody who can guarantee that I won't have an ologist in my sixties explaining life's limitations with no reset.
So why wait?
Don't mind our current lifestyle, but our ideal lifestyle would involve floating around on a sailboat somewhere in the Med and Caribbean until the South Pacific beckons. Best done while young. Tested this lifestyle sailing to Mexico for a year. It works.
And the wonderful thing is there is another forum somewhere where there are two threads where people discuss subsistence living on $500 / month in modest boats and living like kings on $5000 / month in comfort. We managed to live well on about $1500 / month. So we have a decent chance.
Having had the experience of packing up all our possessions and moving into a space the size of our bathroom and always walking for a half hour in 35 degree heat to avoid a $2 cab fares, we are emotionally equipped to sell the house and throw away the iPhones. Our experience is that our friends with bare concrete floors seemed just as happy as our friends with million dollar yachts.
Biggests retirement risks: 1) Son fails to find his way in life and we are somehow obligated to hang out here, provide housing and support till he is 30 - small chance. 2) 86 year old inlaws in frail health somehow live to be a 100 and need our care to the point where we are too old to cross oceans 3) We attempt a hybrid lifestyle maintaining expensive cars/housing/communications/insurance here while boating part time and end up burning cash having to go back to work.
So looking at pulling the plug in 5 or 6 years and making an exit at sea level. Next boat is named Escape Velocity...
Glad to be here. A place where I can confess to having accumulated a net worth just north of 1 million and it doesn't amount to bragging. It includes 650k of mostly equity based retirement funds and a house. We are on track to retire and maintain current lifestyle somewhere in our mid sixties. Household income something $160ish.
Which is interesting. Because I haven't met anybody who can guarantee that I won't have an ologist in my sixties explaining life's limitations with no reset.
So why wait?
Don't mind our current lifestyle, but our ideal lifestyle would involve floating around on a sailboat somewhere in the Med and Caribbean until the South Pacific beckons. Best done while young. Tested this lifestyle sailing to Mexico for a year. It works.
And the wonderful thing is there is another forum somewhere where there are two threads where people discuss subsistence living on $500 / month in modest boats and living like kings on $5000 / month in comfort. We managed to live well on about $1500 / month. So we have a decent chance.
Having had the experience of packing up all our possessions and moving into a space the size of our bathroom and always walking for a half hour in 35 degree heat to avoid a $2 cab fares, we are emotionally equipped to sell the house and throw away the iPhones. Our experience is that our friends with bare concrete floors seemed just as happy as our friends with million dollar yachts.
Biggests retirement risks: 1) Son fails to find his way in life and we are somehow obligated to hang out here, provide housing and support till he is 30 - small chance. 2) 86 year old inlaws in frail health somehow live to be a 100 and need our care to the point where we are too old to cross oceans 3) We attempt a hybrid lifestyle maintaining expensive cars/housing/communications/insurance here while boating part time and end up burning cash having to go back to work.
So looking at pulling the plug in 5 or 6 years and making an exit at sea level. Next boat is named Escape Velocity...
