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dory36 resurfaces
Old 06-25-2002, 01:01 AM   #1
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dory36 resurfaces

To make a long story somewhat shorter, I spent life through my 30's without any thought to retirement. My epiphany was when I was in my early 40s, and the company I was with went under. A first real look at the finances showed that my six figure income was going almost entirely to paying interest on debt I had accumulated, including current loans for two new cars, two houses, an airplane, and who knows what else.

(The really sad thing is that I owed tons of money in addition to those specific items, and can't remember a single thing I bought for that money!)

All in all, I was spending roughly 15-20% of my salary on the costs of actual living, and all the rest on taxes, mortgage and debt interest, and so forth. Nothing had been going to savings other than the minimum 401k needed to get company matching funds.

Losing that job was probably the best thing that ever happened. It convinced us that we had to live debt-free -- yes, even without mortgage debt.

It also started the fifteen year plan to retire.

We liquidated our retirement accounts and the real estate, and sold the cars, and took a job overseas, where housing was basically free, and there were pretty much no taxes. We continued to live on 15% or so of my salary, but the rest went into savings and investments.

About ten years into the fifteen year plan, a co-worker showed me Intercst's Retire Early Home Page. All in all, the information he posted on his page, and info on the formerly free forum, allowed me to turn my 15 year plan into a 12 year plan.

My BFO (blinding flash of the obvious) was that I didn't need to wait until someone else said I could retire -- I could do it whenever I was financially and otherwise ready to do so. (Well, duh!) Before Intercst's site, I guess I'd always just unthinkingly assumed only lottery winners could do that.

About a year and a half before retiring, we bought a 36' boat (named Dory, hence my userid), and spent several 3 week vacations aboard. Then, when we retired, we moved aboard full time, and have attempted to follow the good weather, south in the fall, and back north in the spring. (I'll be posting more about retiring afloat in the retirement lifestyles section.)

Well, that's enough for now. It leaves out a lot, like the business brokerage and appraisal firm we bought, ran, and sold, which helped push the nest egg toward the magic figure we wanted, but most of my "past lives" can stay in the past, unless the conversation happens to go that way.

Dory36

PS: Here's a tagline from my email. It's how family keeps up with us:

"For our current location (updated whenever we move), click on http://www.aprs.net/cgi-bin/winlink.cgi?ad0ry"
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Re: dory36 resurfaces
Old 02-15-2004, 09:37 AM   #2
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Re: dory36 resurfaces

Hi Dory36,

I followed your escapades with great interest, especially the section about navigating through the NC stretch of the ICW. Every afternoon, all summer long sailors set anchor in front of our house and as the sun sets we so enjoy seeing them settleling down for the night. My wife and I have a home and 3 slips in the Wilmington area. We often wondered if there is a market for a "landlubber buddy" where these folks could be shuttled to shore for WHATEVER... a home cooked meal, a trip to WalMart, a bath? Most look pretty self sufficient but some look like they need some time off the water. What do you think?

Bill, pre E/R, not spending enough time in....
Carolina Beach, NC
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Re: dory36 resurfaces
Old 02-15-2004, 12:12 PM   #3
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Re: dory36 resurfaces

You might get some takers! We've met a handful of folks who have done this sort of thing, and their generosity is always appreciated.

There are no good spots to get ashore and get groceries south of Beaufort/Morehead City until you get another few days south (North Myrtle Beach). Even in these spots, you have to take a bus or loaner car to get groceries. So a grocery store run might be very welcome.

If you see lots of folks anchoring, I am assuming you are about a mile south of where Hwy 421 crosses Snow's Cut - the east-west canal to the Cape Fear River. Your spot is where people will stop for the night southbound if the tide is wrong to go onto the river, or northbound if they don't want to go 30-40 minutes out of their way at Wrightsville Beach to reach an anchorage. Or in either case, if it's stopping time.

The best way to get things going is to dinghy out to the boats you see anchored and offer to let people use your dock for a "happy hour". These are almost always BYOB, for what that's worth. If you can't do that, then get a cheap marine radio, call them by boat name on channel 16, then switch to another channel and make the same invitation.

Tell your new friends to pass the word. Once they are on your dock, you can see if anyone needs a ride to the grocery store, etc.

And remind me of this in the fall -- I'll be southbound in mid-October or so!

Dory36
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Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover. Mark Twain
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Re: dory36 resurfaces
Old 02-16-2004, 10:03 AM   #4
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Re: dory36 resurfaces

Hi Dory36,

Thanks for the information and possibly the encouragement to actually do this. Your estimate of our position is dead on. I think it would be great fun to mingle with these folks and perhaps join the ranks one day. Who knows maybe a trawler is in our future? At least a taxi service or "Local Land Guide"..... yeah, that's the ticket!

Bill
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