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NowandZen said..
Hi Don, interesting topic!
I'd be interested to know if there are any full time cruisers out there, earning an income while sailing, and how they are paying the bills.
I've met people who have set themselves up financially and are now living the dream - paying their way from passive investments. Others who are still working, but only cruising when possible. And a few who earn a living while they are cruising! This interests me greatly.
Like you Bananabender, I have traded stocks and in particular Forex online for the last 10 years. One day I hope to be able to cruise full time with this as a sourceincome to pay my way. Having lived the dream for a couple of years, my wife and I reckon nothing short of around $45k a year to cover all expenses involved with cruising and general living. A flight home to WA thrown into the mix once a year.
I might have tunnel vision - thinking that I will only be able to bring in enough income doing something online while cruising, any ideas people??
Cheers!
It all depends on how lavish you want to cruise....
When my wife died at 50 I gave the business (www.canefire.net) to my sons, cashed in my small super, bought a 70k mono, and spent the next four years sailing it back from Qld to the Kimberly. I sold it in Darwin for what I paid for it. The Total cost over that time was 31k. I used to keep meticulous records then and that includes air fares, accomodation, hire cars, maintenance, repairs, feul and provisioning.
Buying a well prepared boat helps.
I also have free land based accomodation. If you have to maintain a home it can be a cruising killer.
I have since gone over to the dark side and bought a cat. I don't bother with keeping records any more but annual costs would be less than 20K. There's not much to spend money on if you stay out of marinas.
You have to do all your own maintenance. There are no shipwrights in Arhnem Land.
Now I do trade shares and babysit the business when they take holidays. If I need to go back to work at 70 I'll be that old bloke in Bunnings. I chose to go cruising now while Im still fit enough. Both boats that I have owned were all set up to go, but never went...
I turn 60 this year and am currently anchored off Denham.
In town here there is temp work available at the local servo, supermarket, and caravan park that don't require any special skills if you want some pin money.
Cheers
Rohan