wow! thanks for sharing probably one of the most private, yet extremely important consideration for 99.9% of those persons wanting to attempt to live this lifestyle. I live in Kemah TX and luckily work remotely and most people always ask about the cost of not only the boat, but other things too. Your transparency has won over at least one more subscriber. Thanks again for sharing!
hello - just moved to the San Antonio area and considering another sailboat, but don't know if Galvaston Bay area right place to get one / and/or put in the water there, instead of waiting another couple of years due to moving again to another duty station area - thoughts on Kemah? Also - anything operating there during this crazy time, such as sailboat schools and charters?
You guys are the first (that I’ve seen) that offer tangible (the tools) benefits of sponsoring your sailing via Patreon (beyond your videos, which are great!). Smart move. We wish you well.
Thank you for this segment. I'm getting close to retirement and I mentioned doing something like this to my wife. "Let's sell the house and buy a boat, and we're debt-free!". Her response, "You don't know how to sail." Sails luffing. Actually, I learned to sail long before I met her but never kept up.
I stumbled into video while randomly while researching another water topic. This video made me realize that a "good enough" boat is "just" 50k. You changed my life, I'm working on a new set of goals for the next 3 years.
Just found your vlog. I'm actually working backwards, starting with your latest (taking down the mast and shipping) and making my way to the beginning. This particular vlog was really interesting to me. Most vlogs do not get into the nuts and bolts of financing. It doesn't help that most readers just want to see the "adventure" part of boat ownership. I think one important aspect of planning, budgeting and following through with the "plan" is to have the personality and mental makeup to communicate well between the two of you clearly understanding the goal you have established and most importantly, agreed to as a couple. You both seem to be very cerebral people, meaning that many aspects of your life is thought out step by step. I also like your calmness venturing into the unknown. That only comes when you have done the type of "pre-work" work like you have done. While I'm sure that there are many surprises and many more to come, your ability to think things out calmly helps you to recognize whether or not the the light at the end of the tunnel is sunlight or a fast moving train heading your way. I look forward to following your adventures in the future and learning from your vlogs. My wife and I are in an interesting situation concerning our future involving a 44' motor sailboat we will inherit shortly but that's a different conversation for another time. For now I wish you a safe journey to Mobile, AL. Aloha from Hilo, Hawaii!
Thanks for the transparency on your journey and process. A 10 year vision + some truly impressive analysis = an amazing life you are living. Thanks for being an inspiration, and looking forward to hearing all about “the ditch”
I really liked your video, I am planning on going cruising and working while retired. I worked for many years in the marine business, rigging boats and working on outboards and inboards, and then left the business 17 yrs ago. Ive been inspired again.But unlike many people I already know the heart ache of Boats....lol. And I love it !!!!! Good luck and God Bless
Great video guys. Very detailed and informative. I think you learn a lot about your boat when you decide on the upgrades and do it yourself. I was a yacht salesman in Clearwater Beach, FL. Boy, did I learn what sailors do with their boats. Some were just crazy and others were very well planned and done. Good sailing and clear skies to both of you.
I'll never understand why anyone down votes these videos, much less 136 miserable people! Just move on, if you don't like the content. Good on you guys for living the dream!
May your boat be leak free. May your sails be in good repair. May the winds be fair, the weather kind and May your days be filled with the exquisite pleasure of new adventures, fabulous destinations and excellent friendship Hope your adventure is a great one Steve east coast australia
Been following you guys from the start. Names Gary I'm located in virginia , my ol 1989 32footer i am envious, At 78 been on the water past 55 years. God bless you two.
I stumble cross you guys channel 2 days a go, that was 60th Ep, then i go to your Ep 1 and watching them as of now, one of the best youtube channels i have watched . Also you 2 are sweet couple with lots of energy. Thanks for shearing your knowledge with the world. Bong Voyage to you 2 and hope to see lot more videos in time to come. Be safe and good luck.
Congrats for baby. I was boarding trying to watch the old videos next time hope you'l be truthful about a similar situation. Take care and stay safe and private if needed.
Well done very educational been following for a while now working backwards. But as a engineer/ mechanic been shouting at the screen trying to help you with the run of the mill things which I would find an every day thing. But it seems the saying of it takes all sorts fits as you are far more intelligent than me with finances and software. All the best and good luck to you both and safe sailing live the dream. I will keep following.
Thank you both for this video! We just bought our first boat (Cal 29') as a major project boat. It was really cheap but we knew that it needed a lot of work and we are up for it. This boat we have local plans for but are hoping to purchase something similar to yours to do a 1 year live aboard in the next 3-5 years. I know that it will cost significantly more and your video helps a ton. Well done!
Some people look at a boat like a money pit it is the most expencive way to travel third class, but the best way to see the world. I sailed dor 3 years mostly alone, best time of my life. .
From sunny South Africa, great video guys, I have just purchased a little thing (Mistral 22ft), not a blue water boat and needing a lot of tender care and your tools are awesome. Will purchase mine soon. Thanks again.
Congrats on making it to salt water Have enjoyed getting glimpses of the layout, rig etc. as I am finishing a substantial rebuild of her smaller sister , a tartan 34c built in 1975. I loved learning so many new skills from replacing deck coring , epoxy layup. Rudder rebuild, canvas work 2 part paint to dynema lifelines. I understand how you felt when first seeing her. Classic lines with just enough teak. I hope to trade up to a 37 of the same vintage as I do lust after a shower and a little more room and maybe hot water. How do you find the engine access? We will take off for Maine from here in Annapolis this summer and then to Fla. for the winter and see if we don’t kill each other . Best of luck John I understand that the she has a cored hull and I hope yours checked out.
I love these videos. I find them increadably useful, you remind of things I already know (but usually forget) and show me whole new pitfalls I hadn't considered. Most of all you show me my dream is not crazy and it is possible. Thank you :)
Thank you so much for this video! I loved the editing, the music, the way you speak - calm and clear -, everything is on point. Subbed. Also, I like how you handle a complexe theme in a straightforward and comprehensive way. Happy sailing from a French guy :)
Great insight guys, thank you! Sharing money related info is tricky as it really means putting yourself out in the open and sometimes it makes people judgemental. On the other it's extremely valuable for whomever is seeking to take the same path. To be honest you've just inspired me of putting together a similar video as my story is quite similar, although the money part is different. Greetings and fair winds :)
Very nice and thoughtful discussion. I would add my voice to the many who advise against buying a boat that requires you to go into debt, as that is a very bad bargain. I see lots of people who buy a bigger/fancier boat than they can really afford on credit, which is pretty easy to access these days, sucking them into an endless cycle of debt that becomes hard to climb out of. There are plenty of perfectly serviceable cruising boats that will take you anywhere which can be had without breaking the bank - just look at Project Atticus on TH-cam. A competent sailor should know how to effect repairs to every system on their boat, so that you may target a reasonable price point by buying a boat needing a bit of work. Most electronics are overpriced junk and not an absolute requirement to go sailing or even long range cruising: paper charts and basic seamanship skills have worked just fine for generations of world cruisers. A hand-held GPS which can be had for a couple of hundred dollars might be the only enhancement you really need if you can't do celestial navigation. You have to remember that, like automobiles, boats are a depreciating "asset", and when the day comes that you want (or need) to resume a regular land-bound life - and everyone gets to that point eventually - you will not come anywhere near re-couping what you have put in it, and you will have lost ground in terms of securing real assets, like owning a house, etc..
Hi Jack, thanks for the thoughtful response. We didn't go into much detail about this portion of the discussion because we can only drone on for so long before we'd lose your attention :) And, unfortunately we didn't have the "Cash or Finance" tool ready for sharing just yet. However, it's a discussion I'd really like to get deeper into, because there is a lot to talk about there. So many misconceptions about financing and insuring older boats... We were prepared to buy in cash and had 100% of the costs in the bank. It wasn't until we got very serious about making offers that we realized financing was actually an option. So we sat down, ran the numbers and decided that financing the boat and investing the cash was a better financial decision for us than buying it outright. -K
Jack - I hear what your saying - as a counter argument these guys seem to have their collective heads screwed on. What is more important is the visibility of cash flow - and from what I can see they are all across it - whether you buy or lease - or amortise the cost in some other way is really quite immaterial if you can pay attention and meet your cash flow - in reality not different to buying a house with mortgage - with one exception - this is heaps more fun.
Incredibly transparent discussion. Thanks for laying that out on the table. When you committed to turning the dream to a plan 10 years ago did you have to develop or take a new job/career that allowed you to work remotely or was that something you were already doing? My current career as a chef may be OK for working on a boat but not on my “own” haha! Off shore CPA may be a better job.
Hi Mike, thankfully (luckily/subconsciously?) Lauren and I both chose "careers" that transitioned well into remote working. We both studied digital media in college, and have had the option to work remotely on some level or another for most of our working life.
My uncle has a big sailboat, A Southern winds something or other. The biggest issue wasn’t the money, (this was a custom 150 ft sailboat) a shit ton if you don’t know. The biggest issue was his kids, his kids having to go to school everyday was a big issue, and led to him only sailing in the summer when his kids were off. So if you are thinking of doing this, know when and how you are going to sail
I'd run and owned steel tugboats for years and knew nothing about what my dad called, 'Ice cream boats'. We bought a brand new Bayliner 24 trophy and I was getting it set up. At that time I worked for a friend who had owned all kinds of boats for decades. He was telling me what we needed to fit it out and he mentioned something big so I asked, 'How much does that cost, Steve?' He put his hand on my shoulder and said, 'Sam, you're a boat owner now. You never ask how much something costs. The only things you ever say are, 'Do you have it in stock' and 'I need it by this weekend..' I found that all to be true. sam ;)
I have really come to enjoy your channel guys! I think you’re a bright and inspiring young couple and I confess that I have a total crush on Lauren, she is adorable. I am starting the same adventure and of just purchased my dream boat, the difference being I’m 61 and single so we’ll see how it goes.Cheers and Fairwinds
Sailing Soulianis well, we’re still in the planning and dreaming stage. And try to learn from others mistakes. No offense. Your video’s are very informative and the both of you are great to watch. Thank you for sharing your knowledge.
It seems rather bold to spend up to your budget. I think it pays to have cash in hand in case of unforeseen issues. A survey is never exhaustive, and things can still conk-out unexpectedly.
By my dad's 3rd boat he advised a simple cost method, which was to take the normal coat of things and then multiply by a factor of 5 to get the boat cost.
Thanks for being so open about expenses and budget. Very informative. Well done! I am also looking at Tartan 37-40 ft at the moment. Hope you love the boat still!
An interesting thought, having listened to your math - did you consider buying a boat in Canada? The market is actually softer, and you'd automatically save 30%+ with the exchange rate... I have a feeling that monohulls from Toronto area would be a great way to go since they're fresh water boats, so they haven't aged at the same rate as salt boats, and tend to sit around waiting to get sold for a long time once they're 10+ years old.
Hi Stuart, we considered a few boats from Canada but never got serious about them and therefore never ran the numbers. You may be right about the boats being a bit cheaper, but when you add back in costs to import the boat into the US as a US buyer, that might bring it back up to the prices you see in the US? Again we didn’t get that far with any of them so it’s just a shot in the dark.
Sailing Soulianis Actually, all you need is a bill of sale and then you can register it in the USA as if you’re transferring between two states. I actually went the other way, Clockwork, my 40 foot ultralight, (no cabin, 3,500 lb displacement) came from the USA to Canada, no costs other than registration (although I did pay to ship her, which was about 2,000) since she was on a lake in the USA so she couldn’t be sailed... she also doesn’t have a cabin or head, so not a voyager- just a speed queen!
Wouldn't you pay taxes as soon as you register in the USA ? Basically it's the DMV and whenever you register a vehicle you have to declare the value and you get taxed on that value. I'm guessing if you register it in Texas you won't pay taxes as it's a tax free state. Would like to know as I'm looking at buying soon.
I have no idea about US taxes, but you’d need to pay them for any boat you bought and registered, wouldn’t you? And what’s to stop you from registering it into a tax free state if you’re going cruising anyway? What’s to stop you from leaving it Canadian - probably cheaper insurance since it’s in cdn $, and a Canadian boat may have advantages in some ports where people are less thrilled about american foreign policies these days. Not making a political statement, just a regular world traveler who’s aware of how people react to me until they know I’m Canadian.
Second time watching this video for good reason. It is a great one to refer back to. Hope you guys are safe and Soulianis survives on the hard there through the storm.
20 years before I retire, and I have several chronic diseases that need regular medical care and daily medication. Bye bye to the old dream of retiring to a traveling life...
That was interesting. I think a really important follow up is "how much does it cost to operate?". What is the food budget, the diesel costs, docking and port of entry charges, misc repairs and routine maintenance. Just a suggestion but for myself I wonder what it costs to dock in Key Largo or Grand Bahama as an option to long term living. Or you could just say "shut up Friar, nobody cares" which I hear from my wife a lot. Happy trails.
Thank you. I really appreciate you sharing this personal information. It’s hard to be like me on the outside of the boat world thinking about buying a boat and everybody is so secretive about what they paid for things. Found this very helpful. Blessings
Hey guys just found your channel and subscribe I’m really enjoying it! I follow quite a few sailing channels and you guys are right in there with the best keep it up and before long you’ll have well over 100,000 followers very informative thank you
OMG I love spreadsheets. Especially interactive ones. I'm thinking the "instant Gratification Mokney" is rearing its greedy head. Great episode and very helpful. I was also wondering what those forms of Passive income are that you have. It is something that I am working on building to do a similar lifestyle of living and working on a boat and am always interested in how others are financially sound.
After years of sailing and power boating in the Bahamas I found the following to be helpful: Music: Anything by Jimmy Buffett (a must and always with rum) Best Island Chain: The Exumas (for many reasons) Second Best: The Abacos (but now to many people)
Brilliant - really informative! vicariou enjoyment listening to your planning. Do hope all goes well and I sure hope you will share some of your adventures. Best wishes.
Very informative Video. Thx for sharing. We set up with the 50000 budget. Finally we ended up at prox. 70000. but the upgrads are openend. So sometimes it's better to stick to the "keep it simpel rule". As less you have as less will brake.
Thanks for the video. I noticed that your dinghy plus the outboard were listed as free items. Lucky you! For all the unlucky ones out there who dont get free dinghys, plan to spend anywhere from 2500-7000 Dollars and above for a reasonable setup if planning to go bluewater cruising.
HI Claas, yes we were very lucky to be the benefactors of a very old hand-me-down dinghy. Many boats are sold with their tender, unfortunately ours was not. We are still in the market for something that's a little more reliable and seeing the crazy expensive prices has us on the floor.
@@SailingSoulianis I just purchased a small Highfield dinghy with a 6hp Yamaha outboard. Cost me a bit over 3.000 Dollars, but very happy with the setup. One of the most important tools to have on a sailboat.
Extremely informative and well-delivered video, great. The list of upgrades/additions/repairs on any of this type of videos goes on and on like the cast list of one of those 1950s Biblical epics that Hollywood used to make, wow.
Really nice boat, looking for something similar. No question..... How come you had to pay sales tax? I though you bought it from a private seller…? Or do you have to pay sales tax also on buying a boat from a private owner in WI?
The stern gate can be put into your Stern pulpit I just took a pipe cutter and cut the stern pulpit and put on two ends in a dyneema gate with pelican hook
When looking at such an important purchase you have to be very analytical over emotional, congratulations on your purchase. I am curious how long it took for someone to tell you that they knew of an amazing deal but they didn't know you were looking for a boat - you know it always happens.
Lol, the catamaran we really loved and almost bought in Episode 3 (th-cam.com/video/7wSW_sCbLPg/w-d-xo.html) contacted us the night the sellers accepted our offer on the Tartan and told us he was ready to sell and needed it gone that week so he was willing to take a big discount - So not long!
Excellent video. I am in the middle of a secession, unfortunately. But on the other end of it my plan is to go cruising. Looking forward to your financial video. I have cash and income but will be considering finance now. That is if the numbers add up. Thanks for the info.
Hi, that was interesting thanks. I thought of another expense, all the travel when trying to find a boat and checking out potential purchases in the first place.
First, thanks for sharing all of that information. It was a very informative episode, also kind of boring, but still appreciated. I just looked at a Tartan 30 for sale two weeks ago. There is a Pearson 30 and an Alberg 30 I would like to look at before I make any decision. So the information you provided in this episode is important and helpful to me.
![How much does Boat Life REALLY Cost? CRUISING on a Bluewater SAILBOAT [2 years to 2020]](http://i.ytimg.com/vi/sbt3VpPWLVU/mqdefault.jpg)
wow! thanks for sharing probably one of the most private, yet extremely important consideration for 99.9% of those persons wanting to attempt to live this lifestyle. I live in Kemah TX and luckily work remotely and most people always ask about the cost of not only the boat, but other things too. Your transparency has won over at least one more subscriber. Thanks again for sharing!
hello - just moved to the San Antonio area and considering another sailboat, but don't know if Galvaston Bay area right place to get one / and/or put in the water there, instead of waiting another couple of years due to moving again to another duty station area - thoughts on Kemah? Also - anything operating there during this crazy time, such as sailboat schools and charters?
You guys are the first (that I’ve seen) that offer tangible (the tools) benefits of sponsoring your sailing via Patreon (beyond your videos, which are great!). Smart move. We wish you well.
Thank you for this segment. I'm getting close to retirement and I mentioned doing something like this to my wife. "Let's sell the house and buy a boat, and we're debt-free!". Her response, "You don't know how to sail." Sails luffing. Actually, I learned to sail long before I met her but never kept up.
I stumbled into video while randomly while researching another water topic.
This video made me realize that a "good enough" boat is "just" 50k. You changed my life, I'm working on a new set of goals for the next 3 years.
That's fantastic, Glad you enjoyed it!
Just found your vlog. I'm actually working backwards, starting with your latest (taking down the mast and shipping) and making my way to the beginning. This particular vlog was really interesting to me. Most vlogs do not get into the nuts and bolts of financing. It doesn't help that most readers just want to see the "adventure" part of boat ownership. I think one important aspect of planning, budgeting and following through with the "plan" is to have the personality and mental makeup to communicate well between the two of you clearly understanding the goal you have established and most importantly, agreed to as a couple. You both seem to be very cerebral people, meaning that many aspects of your life is thought out step by step. I also like your calmness venturing into the unknown. That only comes when you have done the type of "pre-work" work like you have done. While I'm sure that there are many surprises and many more to come, your ability to think things out calmly helps you to recognize whether or not the the light at the end of the tunnel is sunlight or a fast moving train heading your way. I look forward to following your adventures in the future and learning from your vlogs. My wife and I are in an interesting situation concerning our future involving a 44' motor sailboat we will inherit shortly but that's a different conversation for another time. For now I wish you a safe journey to Mobile, AL. Aloha from Hilo, Hawaii!
Hey thanks so much for your comment. Love the sunlight/train metaphor.
Thanks for the transparency on your journey and process. A 10 year vision + some truly impressive analysis = an amazing life you are living. Thanks for being an inspiration, and looking forward to hearing all about “the ditch”
Thanks very much Todd!
Rare these days for a young couple to take on the challenges and adventure of sailing. Good luck.
My goal is to be living aboard my own boat within 5 years. Definitely gonna be coming back to this video and using your tools when I get closer.
I really liked your video, I am planning on going cruising and working while retired. I worked for many years in the marine business, rigging boats and working on outboards and inboards, and then left the business 17 yrs ago. Ive been inspired again.But unlike many people I already know the heart ache of Boats....lol. And I love it !!!!! Good luck and God Bless
Great video guys. Very detailed and informative. I think you learn a lot about your boat when you decide on the upgrades and do it yourself. I was a yacht salesman in Clearwater Beach, FL. Boy, did I learn what sailors do with their boats. Some were just crazy and others were very well planned and done. Good sailing and clear skies to both of you.
Wow... less than 1% over your allocated budget. That is some disciplined financial planning and purchasing. Well done.
wow if you become a patreon you will be paying for the boat, not my idea of fun
I'll never understand why anyone down votes these videos, much less 136 miserable people! Just move on, if you don't like the content. Good on you guys for living the dream!
Jealousy is the reason
May your boat be leak free.
May your sails be in good repair.
May the winds be fair, the weather kind and
May your days be filled with the exquisite pleasure of new adventures, fabulous destinations and excellent friendship
Hope your adventure is a great one Steve east coast australia
Thank you Stephen! I like this take on the famous Irish blessing. Haven't heard it before. -Kirk
and may I let you know I will not be paying for your holidays neither
Been watching you guys for several years, Kirk, I like your analysis/approach/handiness and information.
Been following you guys from the start.
Names Gary I'm located in virginia , my ol 1989 32footer i am envious,
At 78 been on the water past 55 years.
God bless you two.
Love you attitude towards living and your approach to to solving problems that get in the way of that.
I stumble cross you guys channel 2 days a go, that was 60th Ep, then i go to your Ep 1 and watching them as of now, one of the best youtube channels i have watched . Also you 2 are sweet couple with lots of energy. Thanks for shearing your knowledge with the world. Bong Voyage to you 2 and hope to see lot more videos in time to come. Be safe and good luck.
This is better than anything on TV, thanks for sharing your experiences on these episodes! LOVE IT
Thanks for watching.
Congrats for baby. I was boarding trying to watch the old videos next time hope you'l be truthful about a similar situation. Take care and stay safe and private if needed.
I subbed solely on ya’lls hard work and patience.. and cuteness. Lol.
I hope people understand that your budget is very modest and it's difficult to fully outfit a boat for blue water like you did. Nicely presented btw!
Well done very educational been following for a while now working backwards. But as a engineer/ mechanic been shouting at the screen trying to help you with the run of the mill things which I would find an every day thing. But it seems the saying of it takes all sorts fits as you are far more intelligent than me with finances and software. All the best and good luck to you both and safe sailing live the dream. I will keep following.
Finishing a half completed boat is what most sailing channels are about!
Haha, true...We still have our fair share of projects to complete.
Thank you both for this video! We just bought our first boat (Cal 29') as a major project boat. It was really cheap but we knew that it needed a lot of work and we are up for it. This boat we have local plans for but are hoping to purchase something similar to yours to do a 1 year live aboard in the next 3-5 years. I know that it will cost significantly more and your video helps a ton. Well done!
Sounds like you have an awesome project, good luck!
Some people look at a boat like a money pit it is the most expencive way to travel third class, but the best way to see the world. I sailed dor 3 years mostly alone, best time of my life. .
From sunny South Africa, great video guys, I have just purchased a little thing (Mistral 22ft), not a blue water boat and needing a lot of tender care and your tools are awesome. Will purchase mine soon. Thanks again.
Congrats on making it to salt water
Have enjoyed getting glimpses of the layout, rig etc. as I am finishing a substantial rebuild of her smaller sister , a tartan 34c built in 1975.
I loved learning so many new skills from replacing deck coring , epoxy layup. Rudder rebuild, canvas work 2 part paint to dynema lifelines.
I understand how you felt when first seeing her. Classic lines with just enough teak. I hope to trade up to a 37 of the same vintage as I do lust after a shower and a little more room and maybe hot water.
How do you find the engine access?
We will take off for Maine from here in Annapolis this summer and then to Fla. for the winter and see if we don’t kill each other .
Best of luck John
I understand that the she has a cored hull and I hope yours checked out.
what about monthly expenses, how much do you need per month, to sustain a nice lifestyle while sailing.
Good point... they were moored for a while... some marinas are cheap, others are staggeringly expensive.
Wish I had this perspective a couple decades ago. Great video.
I love these videos. I find them increadably useful, you remind of things I already know (but usually forget) and show me whole new pitfalls I hadn't considered. Most of all you show me my dream is not crazy and it is possible. Thank you :)
Cheers, Jeffrey! Glad to hear it!
Thank you for the initial financial detail of the purchase. Very critical. Thanks again!
Thank you so much for this video! I loved the editing, the music, the way you speak - calm and clear -, everything is on point. Subbed. Also, I like how you handle a complexe theme in a straightforward and comprehensive way. Happy sailing from a French guy :)
Merci!
Really nice job of analyzing your purchase, love the Tartans!
Great insight guys, thank you!
Sharing money related info is tricky as it really means putting yourself out in the open and sometimes it makes people judgemental. On the other it's extremely valuable for whomever is seeking to take the same path. To be honest you've just inspired me of putting together a similar video as my story is quite similar, although the money part is different.
Greetings and fair winds :)
Glad to hear it!
Good luck with the boat. Safe journeys and I admire your spirit. The memories you create now will be priceless.
Wisdom! Young is often not so. Starting a project together is pretty darn smart. I like seeing the thought applied to the task.
Very nice and thoughtful discussion. I would add my voice to the many who advise against buying a boat that requires you to go into debt, as that is a very bad bargain. I see lots of people who buy a bigger/fancier boat than they can really afford on credit, which is pretty easy to access these days, sucking them into an endless cycle of debt that becomes hard to climb out of. There are plenty of perfectly serviceable cruising boats that will take you anywhere which can be had without breaking the bank - just look at Project Atticus on TH-cam. A competent sailor should know how to effect repairs to every system on their boat, so that you may target a reasonable price point by buying a boat needing a bit of work. Most electronics are overpriced junk and not an absolute requirement to go sailing or even long range cruising: paper charts and basic seamanship skills have worked just fine for generations of world cruisers. A hand-held GPS which can be had for a couple of hundred dollars might be the only enhancement you really need if you can't do celestial navigation. You have to remember that, like automobiles, boats are a depreciating "asset", and when the day comes that you want (or need) to resume a regular land-bound life - and everyone gets to that point eventually - you will not come anywhere near re-couping what you have put in it, and you will have lost ground in terms of securing real assets, like owning a house, etc..
Hi Jack, thanks for the thoughtful response. We didn't go into much detail about this portion of the discussion because we can only drone on for so long before we'd lose your attention :) And, unfortunately we didn't have the "Cash or Finance" tool ready for sharing just yet. However, it's a discussion I'd really like to get deeper into, because there is a lot to talk about there. So many misconceptions about financing and insuring older boats...
We were prepared to buy in cash and had 100% of the costs in the bank. It wasn't until we got very serious about making offers that we realized financing was actually an option. So we sat down, ran the numbers and decided that financing the boat and investing the cash was a better financial decision for us than buying it outright. -K
Hey, you guys rock, and I really enjoy your vids. Keep them coming!
@@SailingSoulianis
Jack - I hear what your saying - as a counter argument these guys seem to have their collective heads screwed on. What is more important is the visibility of cash flow - and from what I can see they are all across it - whether you buy or lease - or amortise the cost in some other way is really quite immaterial if you can pay attention and meet your cash flow - in reality not different to buying a house with mortgage - with one exception - this is heaps more fun.
Regular boring life??.....no thanks!
Great introduction video to your channel. I'm looking forward to seeing more
Incredibly transparent discussion. Thanks for laying that out on the table. When you committed to turning the dream to a plan 10 years ago did you have to develop or take a new job/career that allowed you to work remotely or was that something you were already doing? My current career as a chef may be OK for working on a boat but not on my “own” haha! Off shore CPA may be a better job.
Hi Mike, thankfully (luckily/subconsciously?) Lauren and I both chose "careers" that transitioned well into remote working. We both studied digital media in college, and have had the option to work remotely on some level or another for most of our working life.
awesome vid guys , so nice of you to share some really helpful info
Thanks Graham!
Great video guys! Thank you for the information! You two are very charismatic! Keep up the great work! I hope to join you on the water someday soon!
Not only did I have to watch 6 commercials for the slightly over 12 min video but the video was a commercial...you got me.
It's called ad blocker.
How did you setup your passive income...that would make a great vid I'm sure.
What wonderful people you are for sharing all this knowledge.. Wow !
Too old to sail away but I found this interesting. I hope you enjoy your adventures to come!
Glad to hear it, Ronald. Thank you!
Check out my hero Webb Chiles, 76 years old, still sailing 6 times around the world on a 24 ft boat. You don't have to be young & buffed, or rich.
My uncle has a big sailboat, A Southern winds something or other. The biggest issue wasn’t the money, (this was a custom 150 ft sailboat) a shit ton if you don’t know. The biggest issue was his kids, his kids having to go to school everyday was a big issue, and led to him only sailing in the summer when his kids were off. So if you are thinking of doing this, know when and how you are going to sail
So interesting and very inspiring. I am in planing stage so this was great... Love your calculation tool. Thank you for charing.
Man! I had your program when I was buying my Boat. You guys are smart cookies. Awesome video as always.
Thanks J!
Sharp kids. this is what intelligent and methodical decision making looks like. well done
Excellent summary of the realities!
Good job guys! There are significant hidden costs when buying a boat.
Sneaky hidden costs, indeed.
Foxy's, love it!
I'd run and owned steel tugboats for years and knew nothing about what my dad called, 'Ice cream boats'. We bought a brand new Bayliner 24 trophy and I was getting it set up. At that time I worked for a friend who had owned all kinds of boats for decades. He was telling me what we needed to fit it out and he mentioned something big so I asked, 'How much does that cost, Steve?' He put his hand on my shoulder and said, 'Sam, you're a boat owner now. You never ask how much something costs. The only things you ever say are, 'Do you have it in stock' and 'I need it by this weekend..' I found that all to be true. sam ;)
Very informative and interesting. Great to see you bought a very seaworthy sailboat. Really enjoy your videos. Thank you.
Glad to hear the feedback, thanks Daniel.
I have really come to enjoy your channel guys! I think you’re a bright and inspiring young couple and I confess that I have a total crush on Lauren, she is adorable. I am starting the same adventure and of just purchased my dream boat, the difference being I’m 61 and single so we’ll see how it goes.Cheers and Fairwinds
Right on, good luck with your adventure!
To be honest, this video made our dream more touchable. Seeing more reasonable prices than for let’s say 300k +
Awesome to hear, go for it!
Sailing Soulianis well, we’re still in the planning and dreaming stage. And try to learn from others mistakes. No offense.
Your video’s are very informative and the both of you are great to watch.
Thank you for sharing your knowledge.
I grew up with a Tartan 37. Great boat!
Very nice. I'm enjoying your journey very much. I appreciate the time and effort that goes in to doing videos. Thanks for letting us come along.
Our pleasure, Steve. Glad to hear it!
I don’t know what it is, but damn this channel is great. Well done guys.
Thanks Schnot!
It seems rather bold to spend up to your budget. I think it pays to have cash in hand in case of unforeseen issues. A survey is never exhaustive, and things can still conk-out unexpectedly.
By my dad's 3rd boat he advised a simple cost method, which was to take the normal coat of things and then multiply by a factor of 5 to get the boat cost.
Ha, we found 3x the cost and 4x the time you thought it would take to do.
Very impressive. Wow. You two are very bright ! Keep up the good work .
Great video, makes the idea of buying a boat and living a dream completely possible! Actually surprising.
Thanks for being so open about expenses and budget. Very informative. Well done! I am also looking at Tartan 37-40 ft at the moment. Hope you love the boat still!
An interesting thought, having listened to your math - did you consider buying a boat in Canada? The market is actually softer, and you'd automatically save 30%+ with the exchange rate... I have a feeling that monohulls from Toronto area would be a great way to go since they're fresh water boats, so they haven't aged at the same rate as salt boats, and tend to sit around waiting to get sold for a long time once they're 10+ years old.
Hi Stuart, we considered a few boats from Canada but never got serious about them and therefore never ran the numbers. You may be right about the boats being a bit cheaper, but when you add back in costs to import the boat into the US as a US buyer, that might bring it back up to the prices you see in the US? Again we didn’t get that far with any of them so it’s just a shot in the dark.
Sailing Soulianis Actually, all you need is a bill of sale and then you can register it in the USA as if you’re transferring between two states. I actually went the other way, Clockwork, my 40 foot ultralight, (no cabin, 3,500 lb displacement) came from the USA to Canada, no costs other than registration (although I did pay to ship her, which was about 2,000) since she was on a lake in the USA so she couldn’t be sailed... she also doesn’t have a cabin or head, so not a voyager- just a speed queen!
Wouldn't you pay taxes as soon as you register in the USA ? Basically it's the DMV and whenever you register a vehicle you have to declare the value and you get taxed on that value. I'm guessing if you register it in Texas you won't pay taxes as it's a tax free state. Would like to know as I'm looking at buying soon.
I have no idea about US taxes, but you’d need to pay them for any boat you bought and registered, wouldn’t you? And what’s to stop you from registering it into a tax free state if you’re going cruising anyway? What’s to stop you from leaving it Canadian - probably cheaper insurance since it’s in cdn $, and a Canadian boat may have advantages in some ports where people are less thrilled about american foreign policies these days. Not making a political statement, just a regular world traveler who’s aware of how people react to me until they know I’m Canadian.
Second time watching this video for good reason. It is a great one to refer back to. Hope you guys are safe and Soulianis survives on the hard there through the storm.
Thanks so much Paul 💛
You guys are inspiring folks. Keep it up, you're great!
Thanks so much ☺️
I will be retiring in 10 years, then IT'S ON!! Yall are adorable. lol.
dont wait till then
20 years before I retire, and I have several chronic diseases that need regular medical care and daily medication.
Bye bye to the old dream of retiring to a traveling life...
New sub here. Just finished binging on SS with a cup of Peet’s. Thumbs up on all of them. You guys are great! More content please!
Thank you
That was interesting. I think a really important follow up is "how much does it cost to operate?". What is the food budget, the diesel costs, docking and port of entry charges, misc repairs and routine maintenance. Just a suggestion but for myself I wonder what it costs to dock in Key Largo or Grand Bahama as an option to long term living. Or you could just say "shut up Friar, nobody cares" which I hear from my wife a lot. Happy trails.
Beautiful Sparkman & Stephens designed Tartan 37, a real beauty. Looks similar to my Contessa 32.
Thank you. I really appreciate you sharing this personal information. It’s hard to be like me on the outside of the boat world thinking about buying a boat and everybody is so secretive about what they paid for things. Found this very helpful. Blessings
Hey guys just found your channel and subscribe I’m really enjoying it! I follow quite a few sailing channels and you guys are right in there with the best keep it up and before long you’ll have well over 100,000 followers very informative thank you
I like cape dory sailboats. My grandfather had one and it was just a no brainer for me. 36 tops on loa
Great tools! Love the spread sheets and the analysis.
OMG I love spreadsheets. Especially interactive ones. I'm thinking the "instant Gratification Mokney" is rearing its greedy head. Great episode and very helpful. I was also wondering what those forms of Passive income are that you have. It is something that I am working on building to do a similar lifestyle of living and working on a boat and am always interested in how others are financially sound.
Outstanding Awesomeness Guys !!!!!
After years of sailing and power boating in the Bahamas I found the following to be helpful:
Music: Anything by Jimmy Buffett (a must and always with rum)
Best Island Chain: The Exumas (for many reasons)
Second Best: The Abacos (but now to many people)
love this cam set up!!! Great work!!! really impressed with video!!!
Thanks!
Love your videos and find it so cute the way you two make googly eyes at each other !
Brilliant - really informative! vicariou enjoyment listening to your planning. Do hope all goes well and I sure hope you will share some of your adventures. Best wishes.
Thanks Jeremy!
I love this video and you two are so likable!
im all caught up on your channel...cant wait till the next one to see what yall are up too
Great video. Looking forward to your future adventures.
Thanks John!
9:42 - the answer
The real hero
Yeah, it was like watching the tide come in. 😂
Saved my life!
I am impulsive so I can’t Waite 10 years 🙃 I need my boat next year
Great video I really enjoy watching you guys
Very informative Video. Thx for sharing. We set up with the 50000 budget. Finally we ended up at prox. 70000. but the upgrads are openend. So sometimes it's better to stick to the "keep it simpel rule". As less you have as less will brake.
Thanks for the video. I noticed that your dinghy plus the outboard were listed as free items. Lucky you! For all the unlucky ones out there who dont get free dinghys, plan to spend anywhere from 2500-7000 Dollars and above for a reasonable setup if planning to go bluewater cruising.
HI Claas, yes we were very lucky to be the benefactors of a very old hand-me-down dinghy. Many boats are sold with their tender, unfortunately ours was not. We are still in the market for something that's a little more reliable and seeing the crazy expensive prices has us on the floor.
@@SailingSoulianis I just purchased a small Highfield dinghy with a 6hp Yamaha outboard. Cost me a bit over 3.000 Dollars, but very happy with the setup. One of the most important tools to have on a sailboat.
Extremely informative and well-delivered video, great. The list of upgrades/additions/repairs on any of this type of videos goes on and on like the cast list of one of those 1950s Biblical epics that Hollywood used to make, wow.
Really nice boat, looking for something similar.
No question..... How come you had to pay sales tax? I though you bought it from a private seller…? Or do you have to pay sales tax also on buying a boat from a private owner in WI?
The stern gate can be put into your Stern pulpit I just took a pipe cutter and cut the stern pulpit and put on two ends in a dyneema gate with pelican hook
Seeing I have a tartan 37 the gate makes it easy to get on and off the dinghy we actually met and Marathon Bay last year Brenda and John from Audentia
That would be an excellent upgrade.
When looking at such an important purchase you have to be very analytical over emotional, congratulations on your purchase. I am curious how long it took for someone to tell you that they knew of an amazing deal but they didn't know you were looking for a boat - you know it always happens.
Lol, the catamaran we really loved and almost bought in Episode 3 (th-cam.com/video/7wSW_sCbLPg/w-d-xo.html) contacted us the night the sellers accepted our offer on the Tartan and told us he was ready to sell and needed it gone that week so he was willing to take a big discount - So not long!
Wise boat buyers. Keep up the good work.
Cheers, thank you!
Excellent video. I am in the middle of a secession, unfortunately. But on the other end of it my plan is to go cruising. Looking forward to your financial video. I have cash and income but will be considering finance now. That is if the numbers add up. Thanks for the info.
Good episode, second time I watched it. You all ROCK!
This is my first time viewing your videos, and you two are fun! 👍💯
Hi, that was interesting thanks. I thought of another expense, all the travel when trying to find a boat and checking out potential purchases in the first place.
very impressed......well done guys........really helpful info
Glad you liked it!
I like this video!!!!
Thanks for sharing this intresting info.
Conclusion: sailing is a verry expencive way to move cheap(by wind)
Lol, that's a good conclusion :)
First, thanks for sharing all of that information. It was a very informative episode, also kind of boring, but still appreciated. I just looked at a Tartan 30 for sale two weeks ago. There is a Pearson 30 and an Alberg 30 I would like to look at before I make any decision. So the information you provided in this episode is important and helpful to me.