Go Back   Cruiser Log World Cruising & Sailing Forums > Cruising Forums > General Cruising Forum
Cruiser Wiki

Join Cruiser Log Today

Reply
 
Thread Tools Search this Thread Display Modes
 
Old 11-17-2007, 02:36 PM   #1
Ensign
 
Join Date: Nov 2007
Posts: 25
Default

Since my early 20s I have wanted to cruise. I am now 36 with a wife and 2 daughters 9 and 1/12. I am an engineer with a small high tech company and my wife is a nurse. We bought a lot on a lake for cheap and built a house. My wifes brother built it for us and when it was done we had 70000 in equity. We were the 3rd house in the subdivision. It is now full of giant houses. When the lot next door sold for 150000 I decided to get my house appraised. I now have 250000 in equity.

I plan on selling and buying a smaller home not on the lake. I will be able to pay cash for the new home. I will be without payments of any kind other than utilities, food etc. No car payments or mortgages or CC debt.

I am an experienced racer with limited cruising experience. I have a Mega 30 that has a new cruising interior. If you remember the boat it has a 2250 lb lift keel. Good for skinny water. I could sell the mega and get a cruising boat.

I should be able to consult for my company if I want to stop working full time.

I am excited for my family's future which suddenly looks bright but also uncertain what to do. Comments welcome.
__________________

__________________
mike37909 is offline   Reply With Quote
Old 11-17-2007, 02:48 PM   #2
Retired Mod
 
Lighthouse's Avatar
 
Join Date: Mar 2007
Home Port: Durban
Posts: 2,984
Default

Of course the final decision will always be YOURS! There is consideration for your and your family's extended future.

Besides that, if it were me, I know what I would do - buy an affordable boat and go! Live life as you want to, while you can.

But, consider your optoins carefully.
__________________

__________________


The World Cruising & Sailing Wiki

Help to build this free, online World Cruising Guide.

"Built by cruisers, for cruisers''

I've Contributed to the Cruisers Wiki: Most sections
Lighthouse is offline   Reply With Quote
Old 11-17-2007, 03:17 PM   #3
Ensign
 
Join Date: Nov 2007
Posts: 25
Default

Quote:
Originally Posted by Lighthouse View Post
Of course the final decision will always be YOURS! There is consideration for your and your family's extended future.

Besides that, if it were me, I know what I would do - buy an affordable boat and go! Live life as you want to, while you can.

But, consider your optoins carefully.
I hear that!
__________________
mike37909 is offline   Reply With Quote
Old 11-17-2007, 05:39 PM   #4
Moderator
 
JeanneP's Avatar
 
Join Date: Jul 2004
Posts: 2,098
Default

Have you read the book "Die Broke: A Radical, Four-Part Financial Plan" by Stephen Pollan and Mark Levine? Lots of good advice in there, and a philosophy dear to our heart.

You are in an excellent position to go cruising. No debt is, IMO, the key to a comfortable lifestyle. Because you are young, the second key is good investments - with two children to put through college well in the future, you need more dedicated planning than if your children were grown and on their own. However, there are lots of talented people out there who can help you make realistic plans for your, and your family's, financial future. Get the advice, develop a workable investment and financial management strategy, and then GO FOR IT!

If it were me, I'd plan for a bigger/better boat, put the money away for it, then not buy it until you were sure you really, really wanted this lifestyle and needed it.

We were 42 and 48 when we went cruising and have never regretted it. Any of it.

Fair winds,

Jeanne
__________________
In 1986 we went cruising for a few years. After 20 years and 50+ countries and several oceans, we are STILL "cruising for a few years".

SY WATERMELON |
MV WATERMELON (New) | Cruiser's Dictionary, free ebook

= Cruiser's Dictionary, North America,
JeanneP is offline   Reply With Quote
Old 11-17-2007, 06:30 PM   #5
Ensign
 
Join Date: Nov 2007
Posts: 25
Default

I haven't read that book but it sounds like something I would enjoy! If I keep the mega it will be for short cruises in the bahamas. I need to charter a boat and see if we love it as much as I think we will. Since I have the young kids I will keep a home on shore and keep my job. I just have to talk my boss into letting me off for the whole summer. Are you cruising now? If so where?

Mike
__________________
mike37909 is offline   Reply With Quote
Old 11-17-2007, 08:48 PM   #6
Rear Admiral
 
imagine2frolic's Avatar
 
Join Date: Sep 2007
Posts: 396
Default

I was broke, and going through a divorce at 42. I always thought I wanted to go cruising having chartered a couple of times in the Bahamas with friends. I took what little I had, and left S.F. for Mexico. Best decision I ever made. It gave me a taste of what it was all about, and some real experience doing it single-handed on a 30 ft Columbia.

I was gone for 5 months, and left the boat In Puerto Vallarta. Going down on long weekends, and enjoying myself. Finally I brought Frolic back to S.F., and set new priorities in life. We have all seen so many times the people that talk about leaving, and never go anywhere. We have all seen someone who later in life looks back, and his account is full of regrets.

A friend asked me if I am ever afraid, and I told them YES in no uncertain terms. More than my sometimes tense moments at sea what scares the heck out me most is this. Is to die with a full bank account, and a life full of regrets. To put it off, and put it off, and then you get sick is another fear.

I went back to work after Frolic was returned to S.F. Within 8 years after starting over I sold my new business. Paid cash for my cat. Paid cash for my home, Took 4 mores years off to explore Florida, and everything in between from St. Maarten. I have been back to work now for a year, and in several more years I will once again leave, but this time for good.

Do a couple of 2-3 week charters. Get the feel for it. If it is what make you passionate about living. Your spouse loves it too, and the kids love it. Then it's time to go, and write a new chapter in your life. You can always go back to work, but you can't always get your health back, and waking up one day with a life full of regrets is no way to live....LIVE YOUR DREAMS!!!!!!!!!!!!! don't dream your life away!!!!!!!!!!!!!
__________________
imagine2frolic is offline   Reply With Quote
Old 11-17-2007, 10:39 PM   #7
Moderator
 
JeanneP's Avatar
 
Join Date: Jul 2004
Posts: 2,098
Default

We are "semi-retired" from cruising! Various circumstances led to our buying the family house in NJ, which is the family holiday sanctuary and a summer home for Peter and me. We sold the sailboat and have the power catamaran. This winter, after the holidays, we'll cruise Florida again, and when there's a weather window we'll head for the Bahamas. We spend about 8 or 9 months on the boat, the rest on land. I don't see us spending more time on land - in fact, we might spend more time on the boat for the next few years. In the meantime, we are having lots of changes made in the house in anticipation of our dotage years.
__________________
In 1986 we went cruising for a few years. After 20 years and 50+ countries and several oceans, we are STILL "cruising for a few years".

SY WATERMELON |
MV WATERMELON (New) | Cruiser's Dictionary, free ebook

= Cruiser's Dictionary, North America,
JeanneP is offline   Reply With Quote
Old 11-18-2007, 12:35 AM   #8
Admiral
 
MMNETSEA's Avatar
 
Join Date: Oct 2004
Posts: 3,067
Default

Quote:
Originally Posted by mike37909 View Post
I am an experienced racer with limited cruising experience. I have a Mega 30 that has a new cruising interior. If you remember the boat it has a 2250 lb lift keel. Good for skinny water. I could sell the mega and get a cruising boat.

Comments welcome.
Hi Mike and Family,

Welcome to our cruising fraternity - your background will certainly stand you in good stead.

Is this yacht familiar :-

Mega_30.jpg

Could you get it to Memphis from where you are by waterway. Memphis is where I started my very first encounter with cruising . As an ignorant crew member on a small 29 ft yacht on its way to the Windward Islands - I got off before it reached salt water !

Is this place familiar :-

Concord_Yacht_Club.jpg

Hard to tell what is going to happen with the housing market in the US - with the "Sub-Prime" Loan Scandals. May not affect your area in the country side - hope not.

All the best..

Richard
__________________
MMNETSEA is offline   Reply With Quote
Old 11-18-2007, 11:08 AM   #9
Ensign
 
Join Date: Nov 2007
Posts: 25
Default

[QUOTE=name='MMNETSEA' date='Nov 17 2007, 08:35 PM' post='15024']

Hi Mike and Family,

Welcome to our cruising fraternity - your background will certainly stand you in good stead.

Is this yacht familiar :-

Attachment 249

Could you get it to Memphis from where you are by waterway. Memphis is where I started my very first encounter with cruising . As an ignorant crew member on a small 29 ft yacht on its way to the Windward Islands - I got off before it reached salt water !

Is this place familiar :-

Attachment 250

Hard to tell what is going to happen with the housing market in the US - with the "Sub-Prime" Loan Scandals. May not affect your area in the country side - hope not.

All the best..

Richard

Thanks all for the advice! Richard that is a picture of my boat sailing on Watts Bar. I can take my boat down the tombigbee to the ocean but I also have an aluminum trailer for it. No truck for towing it though. You nailed my identity so who are you? Can you send PM's on this? I dont think the market is affected here- the average homes around here never appreciated during the bubble.

Mike
__________________
mike37909 is offline   Reply With Quote
Old 11-18-2007, 11:38 AM   #10
Ensign
 
Join Date: Nov 2007
Posts: 25
Default

Imagine2frolic-

Your words are very inspiring, and reflect the way I have felt for years. I am way too restless to stay in the same town my whole life. The regrets would be too much for me. You might think this sounds funny but if you had a huge cage full of rats and they all stayed exactly where you put them in the cage and never explored that is like people who never leave their county. Now if there was a rat that went everywhere and explored his whole world you would study that one and find out what was different about that individual.

I need to do a charter and make sure my family enjoys it no matter what. No fighting- I will bite my tongue off if I have to. I already told my wife she would experience a new kind of love from a man who is not torn up inside from living the american way.
__________________

__________________
mike37909 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Another Ship Taken MMNETSEA Regional Piracy 3 05-12-2010 01:40 AM
Ship Collisions. Coyote General Cruising Forum 26 11-20-2009 02:47 PM
Ahoy The Ship! Tiptopper The Tavern | Welcome Aboard 1 07-09-2008 05:01 PM
Buying A Ship IDNeon General Cruising Forum 8 03-06-2008 02:43 PM
Ship's Articles Auzzee General Cruising Forum 4 08-14-2007 12:53 PM

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

RV & Travel Trailer Communities

Our RV & Travel Trailer sites encompasses virtually all types of Recreational Vehicles, from brand-specific to general RV communities.

» More about our RV Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities


All times are GMT. The time now is 03:36 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2016, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.0