George Washington once wrote “We must consult our means rather than our wishes.” They told us we couldn’t sail the inside passage engine-less, without a depth sounder, with minimal charts and on our minimalist budget. We didn’t have a life raft, e-pirb, sat phone, chart plotter, radar, A.I.S., hell we didn’t even have a toilet.
Virginia wrote, I am so confused and I hope you can fill me in on a part of the puzzle that I can’t wrap my head around. I basically want to do exactly what you are, but am faced with the question of “Where is the money going to come from?”
You say that you had .14 in your bank account after buying Sookie, and no savings. That sounds good! I can do that!
Since then, you have refit her, you are in a marina, and you just bought a rather expensive bike. You never mention work. I know you got about 3K from donations this year, but I can’t figure out for the life of me how you are affording all this. How can you contemplate buying a BCC with no job, no savings, no fixed address? Selling Sookie wouldn’t cover the cost. You can’t get a loan with no job.
I would be really, really interested to see a post, or even just a reply to this message, about how you swing this financially. I get being minimalist, but Brompton folders, marina space, and cases of wine don’t cost pennies. Please help me figure out how to finance my dream by illuminating how you afford to live the way you do.
Money is one of my favorite and least favorite topics, the short answer is that it doesn’t really matter how I make my way through because my way won’t work for you but I can give you a small peek into my world. First off I have received less than $300.00 year to date in donations and every penny of them has been spent on ice cold beer. I may never mention work but I work my ass off to live this life be it making money, maintaining the boat, upgrading the boat, writing, taking care of my loved ones… the hard work never ends. Right now I am working for four companies in addition to voulinteering about 30 hours a week.
Refitting a boat like the Falmouth cutter isn’t for the faint of heart, there is not a single item on this boat that can be bought off the shelf, every addition is fabricated but that doesn’t mean it has to be expensive. I do 99 percent of the upgrades myself, if you can’t figure it out try google its like a tiny book of knowledge covering every subject on the planet earth.
As far as buying and selling boats I don’t take loans ever, or have a single cent owed in the form of credit debt. Sailing small boats means small bills such as insurance, storage, maintenance and upgrades. On that same note I rarely turn down a days work from scrubbing toilets to ghost writing if it will add a day of freedom to my life I’ll do it. I also buy, sell and trade small items every chance I get. More importantly its not how much you earn but how much you save.
Yes the Brompton cost a pretty penny but its also like having money in the bank, I paid about half of retail buying a used bike with about 5 miles on it. Purchasing anything new is just an added tax for people who are really bad at math. I do without most things people love in life such as a car, house, bank account, eating out on a regular basis… The best book ever written is called Your Money Or Your Life” READ IT, buy it used for 2 bucks on Amazon. If you can’t afford it email me and I will buy it for you.
Virginia, I don’t know what your budget is or your adventure but here is a simple way to make it happen right now. Sell everything you own and buy a 1,000.00 Columbia 24. Move onto it and start maintaining it and sailing it daily. Cancel your phone and all insurance policies, anchor out, eat simple healthy meals, if it has ingredient listed on the package you can’t afford to purchase it. We live happily on spicy beans and rice occasionally splurging for meat. Peanuts are a great snack and fill you up. Eggs don’t need refrigeration actually nothing natural does. As far as my wine budget goes last night a shared a 2010 Cab it was the best bottle of wine I have ever had and the last of its vintage on the planet earth, most things must be shared to be fully enjoyed in this life. My normal wine costs $2.49 a bottle and I drink two glasses or $1.25 a day. Even on my pathetically small budget which is 400 bucks a month I personally feel like I live the best life I know of and don’t have a single complaint. I know you will find your way to achieving your dreams but not until you have committed 100% to living them. If you still can’t figure it out swing by for a sail. One last note, do your best to be the most awesome human being on the planet and oppertunites will fall out of the sky and into your life.
To be truly rich you must count the seconds, save the pennies and catch the crumbs that others throw away every chance they get. Stormy