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Selling it all, retiring early, and living aboard. Who has done/is doing it?

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Selling it all, retiring early, and living aboard. Who has done/is doing it?

Old 07-14-2015, 06:41 AM
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Default Selling it all, retiring early, and living aboard. Who has done/is doing it?

Turning 49 this year, years keep flying by. Thinking of selling it all within 10 years and living aboard. Married but no children, everything paid off in 3 years. Live on Long Island the land of high taxes and cold winters. Would love to commercial fish up here in the summers and travel south in the winter. Sounds like a good dream? I always say you only go around once, better enjoy the ride.

What are some good sites to go on to interact with others that are doing it? .

Who on here is currently enjoying this life style?

Pro's? Con's?

All input welcomed!
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Old 07-14-2015, 06:54 AM
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Originally Posted by striper97 View Post
Turning 49 this year, years keep flying by. Thinking of selling it all within 10 years and living aboard. Married but no children, everything paid off in 3 years. Live on Long Island the land of high taxes and cold winters. Would love to commercial fish up here in the summers and travel south in the winter. Sounds like a good dream? I always say you only go around once, better enjoy the ride.

What are some good sites to go on to interact with others that are doing it? .

Who on here is currently enjoying this life style?

Pro's? Con's?

All input welcomed!
If I lived where you lived I would try to get out of that area first... then see.

We left NJ and things are much better in FL. If things go bad in FL (read: turns into NJ)... I'll likely fulfill my wife's dream and move to New Zealand.

The only hitch are my kids. I don't know if I could be that far from them. The rest of the family... couldn't care less... but my kids -- I'd like to keep them on the same continent at least.
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Old 07-14-2015, 07:05 AM
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My father in law and his wife just moved to Florida and as Snowbirds, love it. Naples area, we have not visited yet. My wife has her own business as do I. Hers would do well in Florida as it is horse related. Mine I would liquidate. So maybe move to Florida and semi retire, downsize her business as she currently runs 4 truck/trailer combos moving English show horses. Lots of upkeep, payments, etc. Can't find qualified people to drive that are good with horses/equipment. So maybe keep 2 setups only. Dockage in Florida must be very expensive though. How much a year for a 40' boat on average? My taxes here now on my .69 acre lot, 2100 square foot house, are $12,000 a year. Go up constantly!
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Old 07-14-2015, 07:10 AM
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The problem with living on a boat.

1. Slip rent always increases
2. Always yearly maintenance on the live aboard
3. You will not want to take your home out for a spin or on the Ocean as everything must be battened down.
4. Moving around from Marina to Marina is not easy and shoreside facilities are not always primo
5. Many places don't allow live aboards.

Its a nice dream to have but just buy a small piece of property and keep your boat (at the marina, dock or trailer) you will ultimately have less issues and use the boat MUCH more...

And if you have NOT heard.....Florida just implemented a strict one leave, one enter policy for Northeast residents. One must leave before another can enter
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Old 07-14-2015, 07:25 AM
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http://quityourjobandliveonaboat.com...ive-on-a-boat/
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Old 07-14-2015, 07:34 AM
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We closed our business, sold our rentals, have no kids, no debt, and split our time between Denver and Cozumel (and travel a bit).

Pros - we do what we want when we want, no strings (except moms and family), living costs in Mexico are very cheap, after 25 years in the mountains of Colorado I never have to shovel snow again, love learning a new language and integrating into a different culture, basically the best of both worlds.

Cons - owning two houses (I watch the Mexico house online, need to set up cameras in Denver), financial strategy - what to do with cash as we sold most of our fixed assets (read protect from greedy fingers), finding people to look after the other house (shovel snow, water plants...).

I'll add when I think of more.

Overall, I am very happy with our life now!

Woops - abroad or aboard?!
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Old 07-14-2015, 07:35 AM
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The first emboldened comment had me laughing my head off!
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Old 07-14-2015, 07:37 AM
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I plan on it. I don't plan to live in one spot. But do plan to own a slip. Have a few places in mind.

So I won't avert the property taxes. But plan to rent the slip when I'm gone. I may buy one sooner than later. Won't have the killer insurance though.

For those that think owning a home is cheaper than owning a boat..... That's only true for a cheaper home. Not the case for a 500k plus home in FL. No freaking way. I own waterfront property in FL.
Maintenance ain't cheap. Repairs are costly, I believe it is comparable however.
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Old 07-14-2015, 07:44 AM
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As long as you aren't relying on the comm fishing as income, go for it. There's no better way to make something you love into something you hate than to make a job out of it. If it doesn't work out, whodafugcares? At least you'd know.
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Old 07-14-2015, 09:05 AM
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I can see it being a neat short term experience but living in the equivalent of a damp 500 square foot apartment full time would eventually get old to me. Similar to rv'ing but on the water and much more costly.
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Old 07-14-2015, 09:15 AM
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Better not get sick or injured. You think taxes are high?
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Old 07-14-2015, 09:32 AM
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LOL. I thought the OP said living abroad... no aboard.
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Old 07-14-2015, 09:37 AM
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Ok, I'll speak as someone who has actually done it. Our plan wasn't to permanently retire, but do it for 2 years or so... a sabbatical if you will. We (just the wife and I, mid-50's) enjoyed it even more than we thought we would and 2 years turned into 7. Absolutely wonderful. The boat was our house, we sold our land house and just put the valuable heirlooms in storage. Boat was a Hatteras 56my, extremely comfortable.

I can say that Cracker is close to 100% wrong across the board. We cruised her up and down the entire eastern seaboard and surroundings. We loved the Long Island Sound and New England area in the spring and early fall, and then moseyed slowly south for the rest of the year... the journey was the destination in our case. Anchored out or on moorings most of the time. The second half of the seven years we were based in a very nice marina in NC, from which we could take the boat to some of our favorite destination anchorages, such as Cape Lookout and Ocracoke for days at a time.

It is important to get the smallest boat YOU can truly be comfortable living in. It was very important that Ann was involved in the purchase decision. We came from big houses, so ended up with a pretty big boat for two people and loved it more with each passing year. For instance, had a full sized kitchen with full sized home appliances, unless you knew it was on a boat, you wouldn't think of it as a galley. We know lots of couples who were very comfortable living aboard full time in much smaller vessels, down to the mid 30 foot range, so it is a very personal decision.

There is a site called Trawler Forum with a few real cruisers and full time liveaboards, but as a caution there also are a lot of weekend warriors and bad information and bad seamanship there as well. Likewise its sister site Cruisers Forum, which is mostly but not exclusively blow boats. Surf around the web and you will find a bunch of blogs and web sites on the subject, all which should be taken with a grain of salt but can help you triangulate what will work for YOU. The one thing that was the most valuable for us was that we spent years before hand chartering different boats in different places for a week or two. So we had a pretty good idea what we wanted and didn't want in a boat to be our full time home.
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Old 07-14-2015, 09:49 AM
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Cat... I have talked and dealt with many that do it when I was marine police and that was both my observations and what some told me as downsides... It works for some, some it doesn't...your mileage may vary and certainly all of them are considerations and can be valid issues..

There are two differences if you are a CRUISER or just a LIVE ABOARD

You were a CRUISER not just a live aboard big difference
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Old 07-14-2015, 09:52 AM
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Originally Posted by OldPete View Post
If I lived where you lived I would try to get out of that area first... then see.

We left NJ and things are much better in FL. If things go bad in FL (read: turns into NJ)... I'll likely fulfill my wife's dream and move to New Zealand.

The only hitch are my kids. I don't know if I could be that far from them. The rest of the family... couldn't care less... but my kids -- I'd like to keep them on the same continent at least.
Their your kids only.LOL
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Old 07-14-2015, 10:00 AM
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We use our 38' Ocean Sportfish as a weekend 'cottage' or 'condo' so to speak. We head down on a thurs or fri, leave the slip and stay on the hook or motoring until life/work calls us back home Sunday or Monday.

In my opinion the 38 is about as tight as I would want to go for a condo/cottage replacement. It is too small, for us at least, to live aboard. Like caltex I think it would take something in the 50+ range for us to comfortably live aboard.

I work from my home office, and travel occasionally, so I could, and would, live aboard, at least seasonally, in a micro-second. The wife however has a 9-5, so that keeps us anchored.
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Old 07-14-2015, 11:17 AM
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Originally Posted by OldPete View Post

We left NJ and things are much better in FL. If things go bad in FL (read: turns into NJ)... I'll likely fulfill my wife's dream and move to New Zealand.
She's still planning on stayin' in Florida..........Right?

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Old 07-14-2015, 11:19 AM
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Originally Posted by striper97 View Post
Turning 49 this year, years keep flying by. Thinking of selling it all within 10 years and living aboard. Married but no children, everything paid off in 3 years. Live on Long Island the land of high taxes and cold winters. Would love to commercial fish up here in the summers and travel south in the winter. Sounds like a good dream? I always say you only go around once, better enjoy the ride.

What are some good sites to go on to interact with others that are doing it? .

Who on here is currently enjoying this life style?

Pro's? Con's?

All input welcomed!
Have you "Pinged" Iliveonboat?
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Old 07-14-2015, 11:24 AM
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Originally Posted by dssmith View Post
Better not get sick or injured. You think taxes are high?
that's the truth.

I go into the ER two nights in a row for kidney stones. The thing was stuck and didn't want to pass.

I get the bill in, total charges are 18k. MRI and Xrays.

Do you know what the insurance co negotiated it down to?

$1800.
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Old 07-14-2015, 11:28 AM
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Originally Posted by skibum View Post
Woops - abroad or aboard?!
To be clear:

Living aboard- living on a boat
Living abroad- Caitlen Jenner
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