It’s been a while since I’ve posted anything. The main reason for that is that I didn’t feel there was much to write about. At least not on a regular basis. But there’s been a recent development that will hopefully bring more regular posts. In the meanwhile, let’s catch you up.
Changing Plans, slightly
As previously mentioned, I have a goal to travel the world in retirement, with the current plan involving a sailboat as my method of travel and home. I had planned to not buy a sailboat until much closer to retirement, maybe about 1-2 years before retiring. I simply didn’t want the expense. Purchasing a sailboat earlier meant taking a bunch of money out of my investments, a growth medium, into something that depreciates in value. I’d rather have that money grow for a few more years, as long as possible. In addition, there are variable costs that you incur every year. And with a sailboat, those costs are relatively high.
One day, I overheard a co-worker talking about buying a sailboat with another partner. That got me thinking. If they would allow a third person in on their partnership, I could get all the experiences of sailboat ownership and a lot of sailing experience with only one-third of the cost. One-third of the purchase cost, one-third of the ongoing annual costs. But I could still get 100% of the experience. This would leave most of my investments intact. I thought this was an interesting trade-off in order to get this experience before I went all-in on a boat of my own. I could learn much more about sailing, sailboat maintenance as well as understand if I could really live on a sailboat long term.