For budgeting, I think you need to estimate the life expectancy of your refit items (rigging, fridge/freezer, etc) and divide the cost by that number of years/months. Add that to your monthly budget, to be saving for these future expenses (operating and capital expenses).
You are providing a great service to anyone who is actually considering such an adventure. Your candor is the foundational ingredient that makes your video here so beneficial.
Well done! You are living the dream on a phenomally low budget. Your ability to spot a good deal and self perform many maintenance tasks is truly inspiring. You guys are spending a fraction of the costs that I had anticipated.
That is excellent information. We owned a 40 foot ketch about 35 years ago and the costs were going up every year. So I was curious to know what they were today. Another approach is to have a boat that you use as a liveaboard but don't sail very far with. The price can be a lot lower but you can't use it much as an offshore vessel. Some people do that too. Thanks for your information and hope that you both have a lot of fun!
Just saw this episode. Have been dreaming of buying a boat and setting sail. Really is helpful to see actual costs presented so throughly. Thank you for sharing.
I like your numbers and I also see how you live von your boat. Well done. I spent a year living in the same marina as Annie Hill. Yes her numbers suit how she lives and she lived very comfortably during that time. People don't really understand how much stuff they carry around that they actually don't need in order to live comfortable. I look around my boat now and see 500 for that, 200 for that, 700 for something else, the list goes on. It's staggering really... Keeping things simple and real, saves a bloody fortune...
Excellent presentation. Very informative and transparent. Opened my eyes up a little more on the reality of cruising. I may have to cruise for 6 months and comeback in to work for 6 months to a year.
I think you are doing a great job of keeping your expenses down. The costs could easily go WAY higher without much more reward. The issue for us boat owners is that it is easy to get carried away and comnpletely obsessed with our boats. This ensures that we are generally willing to pay exhorbant amounts of money to fix up our "babies". So the fact that you have the self restraint, and discipline to manage your financial outlay in this manner is truly commendable. I say "Job Well Done!" Keep at it. Congratulations.
Super helpful video... I’m on the lookout for a Tartan 37 which is in the same stratosphere as your Tayana price wise. The monthly expenses are in line with what I’ve seen on the forums and as most of them point out, you can spend as much as you want or if you’re even a little bit careful cruising is within the reach of almost anyone.
Definitely agree, if you have the money then there is always something you can find to improve. We’re kinda of the mentality now though that we do have years to make those improvements and we don’t have to do everything now. I think it’s about time we just sailed the boat 😆
Great vid guys. I have just come across your channel recently & loving it. One of my top 3 sailing channels. I have done a lot of boating before but have never sailed. I have always dreamed about sailing the world & now starting to really consider it, as long as my wife & 2 young kids are on board with it. I am learning a lot from you guys 🙏👌
To a great extent your costs come down to the original boat purchase and how thorough/competent the survey was. I think the lessons for viewers planning to buy and cruise would be to look at for example all of the upgrades you’ve carried and then find boats that have already had recent upgrades. We didn’t consider any boats with teak decks, but you did and ended up removing the deck. The flip side is that you could buy a boat with teak decks for less - as you’re never sure of the deck condition under the teak.
You two are absolutely killing it with your monthly budget, well done. The learning curve on upkeep and repairs is another hidden cost that in the future will pay you back handsomely. Now all you need is the stupid pandemic to go away so you can visit some new islands!
Great video guys. A number of other vloggers have done similar pieces but you really laid things out nicely. On top of that you kept smiling and laughing which is always nice to see. You have helped me understand what I might be getting into once I can cut the land cord. Keep smiling and sail on.
I think you are missing the point...including the cost of the boat they spent two years traveling and vacationing and it only cost 45k per year over two years. Possibly the smartest people alive. This rocks. You wouldn't need very much income or much investment capitol to cover this lifestyle.
My dad once told me (on the day he bought a boat): Only two days to enjoy a yacht; the day you buy it and the day you sell it. All the other days are just standing in a cold shower burning £50 notes.
Where in the US can you live on $1,300/month? Most apartment rentals are more than that for two people, and that's not in the coastal cities. Also, you took a 42' yacht, refit it to the way you want it, and you ended up paying only $70,000. Most decent 40+' boats ready to cruise are easily over $100,000. Where can you buy a house for that in the US (or Australia?) Providing you don't sink her, you will probably be able to get most of your money back should you ever want to sell, which means you will be living on this boat for only maintenance and repair costs, or pretty close to it. I think you are way ahead of the game. Keep moving forward.
most people need jobs though to support their lives. If it only costs 1300 a month You still need to make 1300 a month somehow. there aren't too many jobs paying that in the middle of the sea
@@saltyspaceman5697 I know what you mean. Those bus & train commuting times must be murder!! And you get in the door, she looks at you strangely and says ..... "I bet you forgot the milk & bread right??? " 😨😵😭💣
@@saltyspaceman5697 it seems that you are either "rich", have saved up quite enough to sustain that lifestyle for a couple of years ( with hopefully an exit plan ), or you incorporate youtube and the likes as a revenue stream into your planing and execution successfully (and yes there might be some jobs that can be done on the go, but quite rare ) .. most of these youtubers do not present us a "sailing lifestyle" but a "sailing with youtube lifestyle"... for some it works out due to their efforts and quality of content and for others it won´t...
Just about anywhere rural in the Southeast USA. You won't get in the cities, coastal towns, college towns or resort areas. You might have to live creatively. I've done it for many years, and It is a rare month that I don't have plenty of cash on hand at the end. You keep what you don't spend. You just have to adjust your thinking on needs vs wants.
@@jennyhall1120 You are a rare person these days. I agree with you, but I’ve lived all over the US, and $1,300/month for a house purchase for a couple is very commendable. With taxes and insurance, that’s about a $100,000 house. That’s pretty cheap for a decent house in the US.
Guys, thank you so much for sharing the real costs and not some hypotheticals. The Cruising handbook is way over targeting the prides and probably assumes you have a newer boat and a lavish retirement lifestyle (which is not the case for most people). Fair seas to you both.
Where I’m stuck on the cost is that I don’t want to work on the boat myself, which means that the higher estimate would be where I’m at. Also, I’d be mooring the boat and then shrink wrapping in the winter. Those costs add up and it seems like these expenses are either not paid for by these two (shrink wrap and dry dock) or they pay for them very occasionally (moorings).
I've just started researching the concept of living on board a boat. I'm targeting SE Asia as my starting point for acquisition and getting my feet wet. First time hitting RUclips and came across video. Agree with everyone, very well done, excellent information and appreciate the detail and the production values. I've read all of the previous comments and the obvious question that only came up a few times, I assume because of our cultures affinity to think it's imposing or being nosey, what is your source of income? How do you finance the lifestyle, year over year? Is sponsorships or does making the excellent videos provide you with enough viewers you can generate enough income that way. If I'm out of line, well I apologize, but where there's cost there has to be a way to pay for it... I hope to run into you out on the blue water some day.
Our family of 4 rented the house out for 1.5 years and sailed the Caribbean and USA for $0. The rent offset all the living and boat expenses, so temporarily pulling savings out of the market to buy (and later sell) the boat was the extent of the financial impact. Point is, YOU can go sailing if you really want it.
Whaaawww good presentation and a fair realistic way of reporting you boat life. Still a dream for me but with 35 years of sailing experience and a own boat ..... I hope to follow you're way..... cheers and good luck. Ever near Belgium of Netherland .... just give a sign
Thanks so much for the incredible breakdown of expenses, very clear and well presented. I have been saving for a few years now for my retirement on the water and this is motivation for me to head offo my 12 hr night shift with a big smile on my face. thanks again and stay safe. cheers
My house repayments 500 a week , council rates a quater 300, rego 1200 a year, car insurance 800. Food 200 per week, electricity 165 per month. The list goes on , Yeah it's cheaper to own a 35 foot yacht. NICE TO SEE AUSSIE travelling via blue water. Please take me on your next voyage to the Philippines.
My question is, where does your income come from? To me, that's more important. Because income dictates what your expenses can be and are more easily managed. Of course.
@@Hawks1980 I'm curious how much 50k subscribers would pull in ad revenue. Its a fairly niche subject they cover and RUclips isn't exactly the best at paying out, you're more likely to see any income taken away because some asshole rights-management company flagged every one of your videos for a song they don't even own than anything. Patreon is an interesting one because I've not heard a lot of bad said about it, but most of the subscription bands are pretty low. I do wonder just how many of those 274 (as of writing) Patreons are on the $2 or $5 tiers. Most of the time with people living a nomadic lifestyle, I've found they work as consultants or do some online work, which can pay pretty well but you have to balance between doing that job and actually living the lifestyle you want to.
Patreon can provide just fine. I've seen people with much more Patreon but I'm sure this helps quite a bit. Many people, as well, rent out their homes or flats which can keep the skids greased
I've just begun to look into purchasing a boat. And the info provided, seems to be an excellent starting point. I realize I'm in for some rude lessons. However, the journey on which looking for the boat that suits my needs/desires, I find invigorating! I will subscribe and take in as much of the information you have shared! Safe travels!!!!
Thanks Khiara and Adam, that really puts the cruising lifestyle into perspective! Yes, it's not necessarily cheaper than a land-based alternative, but it's not beyond the dreams of the average person who would love to do something different in their life. I would love to do what you guys are doing (but need a lot more knowledge and practice) but I don't think my other half would be too keen! So, just very envious!!! PS: maybe I'll be able to talk the other half into cruising the waterways of Europe (after Covid is gone) as an alternative. Not the same, but we all have to make amendments!
Glorious, truly. Thank you for sharing your adventures and that over-arching detail…costs. You are living one of my dreams. May you be well and fortunate.
Great video! Really covers the real cost of cruising At first I thought the overall cost was a little daunting but when you look at the boat cost as your home cost, it really comes into perspective and can be done.
I only just found your site and I am enjoying catching up a bit before spouting opinion or questions , but I have one "free (and worth every penny)" bit of advice: Don't let the desire to save the last penny get in the way of maximizing your enjoyment of this multiyear voyage . You are young and now is the time to build the memories you will want when you get older >
When you go through the spreadsheet each item is given 2 seconds, which isn't enough time to read the item name, see it, & read the price. It scrolls by so fast I had to re-screen it 4 times, and by then it was irritating trying to keep track. Maybe it's better to show the list of items with prices, slowly, and read that out loud, then show each item itself. Then it's clear and makes sense. Then on to the next of the four categories.
Very well presented, you both are doing the right thing. Try and rent a house in one spot and live on that money cost you just showed. No way. You are having fun and keep doing what you love. Regards Steve (Tasmania).
Good to get figures because we all dream of joining you but generating an income whilst at sea must be difficult which feeds into the idea that it’s for people who have really good pensions or just loads of lovely dosh.
Love your channel! Thank you for taking the time to crunch the numbers😊 Still saving up to get the boat first hand, but nice to have some perspective when it comes to cost... Fair winds, love from Norway😊
In your monthly budget you should also include something for unplanned expenses and future refits. Say $1000 USD per month? Naturally you wont need to access those funds every month or maybe even for a year but if your mast cracks or you develop a through-hull leak you have the money set aside for the repairs
What about the cost of insurance, both health and property? Cost of cellular and internet? Cost of video production? If my wife and I are going to do this, I’d personally like to document everything whether it’s made public or not. I know you wanted to keep it simple, but things like clothes, souvenirs, medical expenses etc can add up and take a toll on a tight budget. A miscellaneous category would have been nice. And the biggest question…what do you do to cover all these expenses??
I’ve been binge watching your channel for the last couple weeks, I love how you mix up your content from entertainment to educational, and in between. Hoping to kick off my own sailing adventures in the next year (COViD messing with my plans!) but this is timely for me and really insightful and much appreciated! On a side note I was in Turks and Caicos the first time last September with my wife and we had the same sticker shock on food prices! We were thinking we’d save a bit and go to the grocery store and found $12 loaf of bread! Honestly don’t know how the locals do it (or they just eat a lot of conch lol) . Love your channel so much! You guys are doing awesome!
I am super impressed. Great explanation and such a low spend. Been loving following your journey. We appreciate the scenery and the nuts and bolts of jobs processes and costs.
One of my dreams is to own a yacht or boat that can cross oceans.. I've looked online at many many diff types.. Mono hulls, cats.. power cats.. trawlers.. expedition.. explorer... and while exciting to view, the costs of most of them are so high $200k into the $ millions.. Seeing an older but solid quality older boat being bought & upgraded/refitted for $70k is actually pretty comforting.. thinking I could potentially get into a nice roomy boat for that cost.
Your monthly cost is actually quite reasonable. Living in the US paying mortgage or rent plus utilities and food is probably more. The big cost is mostly the initial cost of the boat and upgrades. Thank you for this information. I’ve been thinking about doing the exact same for quite some time
I’m obviously no expert in financial boat department, but we spend about that per WEEK on land living in our own home and our expenses. We also have 5 kids still at home so there’s that. I have seen some sailing families with kids that spend closer $4500 per MONTH on their budget. When people are living on land, I think they don’t think about the smaller things needed to be accounted for in their expenses. People make it sound as though sailing is more expensive and things constantly break down (which I’m not denying especially when buying an older boat-your expenses will be higher) but when owning a home, there’s the small things like paying a plumber, maintenance on furnace, up keep on other home repairs as well as vehicle maintenance and having to drive to work everyday, not to mention their coffee order on the way their every morning, things we splurge on here and there because ‘we can afford it’ that we don’t usually account for and they’re not saving for a rainy day, let alone for a boat fund. Where many people here are saying thanks for crushing their dream by being real about these costs and are now ditching their dreams of sailing, I see this inspiration and as being totally possible if we didn’t have a 9-5 brick and mortar job to go to and was able to work remotely. I know that life is not an easy one, but after seeing a $1300/ month budget....I would gladly trade being locked into a $1300/mo mortgage payment for paying the same amount for the freedom of sailing on the seas any day! 💗
Oh my god.. sailing and living on a boat has always been a dream of mine. This is swelling my heart. I can't even swim, AND have a big fear of deep ocean. But still a very plausible dream.
Iv used professionals too for engine alignment, shot blasting, under waterline hull repairs. Iv learned lots off them and can for instance now service my engine, fault find and do minor repairs on GRP
Thanks for sharing your expenses as evergone seems to keep it a closely guarded secret. I've been reluctant to think about buying a bigger boat due to unknown expenses
We have a 1990 Legend. It's a great boat despite what many arm chair sailors might tell you. Hunters really started to slide after 1996. Ya'll should've showed how much space is behind the headboard of the aft cabin. Plenty of space to compensate for the limited space in the cockpit. Good luck!
Great vid, guys.Very informative. I am looking for a boat myself, and being a retired business analyst accountant, and not wanting to turn my prospective blue water cruising experience into an arm-chair ride for geriatrics, your calcs were somewhere just south of my own projections. Well done!!
Well put together video. I am amazed at how low your food costs are, currently for two people we are spending closer to $900/month and that doesn't include beer. Granted, North Eastern US but in general I have always thought the food here reasonably inexpensive. Good on ya for figuring out how to do it so cheaply. Our budget is higher but we also like to do a bit of the fancy on wine and food every now and then and we have only just begun so fingers crossed we'll get he numbers down some more.
How about insurance? Iridium go costs? Sim cards, editing software, weather system software? Personal insurance? Medical costs. Are you sure that's everything ?
Also emergency money when something goes wrong, which it totally can (and hopefully wont, but, rescue or medical fee. Insurance will only reimburse after). Probably at least 25 grand a person.
In the grand scheme of your costs maybe cannot be earned back, but have you considered going electric with cooking and dinghy? And (engine clutch in neutral) driving a generator from the prop-shaft? If you need to bring less diverse fuels that alone is a simplification. And maybe a lower out-of-pocket operational expense in the linger run
Thank you for the rundown. My girlfriend and I are building out a van currently. Once our son is older, we intend to sail. I've designed my life to be able to work 100% remotely and she has as well. I think we'll be making well over 150k/yr by the time we depart which would fit this budget nicely. We need to start saving... I'm 35 years old and have spent most of my life partying and acting a fool. With a 1 year old and a girlfriend now, I need to keep my eye on my long term prize of traveling (but now with a family). Your budget gives me hope that this is possible. With the new Starlink internet nearing full deployment, it gives me even greater hope that this is possible. Cheers to your future adventures and hope we cross paths some day! :-)
Thanks, I'm planing on sailing the world in 2023. I planed a budget that fits easily with what you have spent. Already looking for the boat, wish me luck.
Thanks for this. I've been racing through hypothetical calculations trying to play out various futures that may or may not include a sailing yacht. This was the information I've been lacking. Cheers!
On the money... NB base boat prices didn't inflate like everything else. they were dead until 10yrs ago.. there are 75 feadships you could pick up for 500k going for 4m now.. Costs are very good...
Fun video and informative ! However, it wasn’t mention the cost of some items including boat insurance, travel medical insurance, iridium go subscriptions, cell phone SIM cards/internet costs, entertainment (incl car rentals/excursions/taxis on islands you visit), navigation subscriptions (navionics & charts etc), international banking fees etc.... Are these rolled into a category you listed or not included in your totals because you don’t have these expenses? For our cruising budget, we have all those expenses. Thanks!
Thanks for watching christin! we do know those expenses but we didn’t want to make this a 30min epic listing everything we spend money on 😊 I’m thinking of writing a blog post with more details though!
I'd appreciate that as well. I will have those expenses also. Obviously trips home, things like that are easy to figure out, but short term cell coverage in a dozen countries, how often laptops, cell phones, etc expire and need replaced in the marine environment, those kind of things are tough to guess at without practical knowledge.
As someone else said, "you're killing it!" And don't forget a comparison of that $1300/month on the MF to either renting an apartment or paying a house mortgage......eek lol. Cost of living your dream? priceless!!! so happy for you both!!! (and so happy you're sharing with us!!! thank you!)
![When are we taking CREW? & Can you explain REEFING in 5 minutes? Spoiler alert.. he cant [Q&A]](http://i.ytimg.com/vi/Mpu-YvPhRTE/mqdefault.jpg)
![When are we taking CREW? & Can you explain REEFING in 5 minutes? Spoiler alert.. he cant [Q&A]](/img/tr.png)
The value of the smile on Khiara's face? Priceless.
SIMP
For budgeting, I think you need to estimate the life expectancy of your refit items (rigging, fridge/freezer, etc) and divide the cost by that number of years/months. Add that to your monthly budget, to be saving for these future expenses (operating and capital expenses).
I think your cost being lower is flat out due to Adam's engineering prowess and both of you are NOT afraid of work. = Priceless. :)
You are providing a great service to anyone who is actually considering such an adventure.
Your candor is the foundational ingredient that makes your video here so beneficial.
you guys are due for another one of these with with the past few years.
My 30' sailboat runs about 8 mph. People say, that's so slow! Yeah, it's really slow for a race car. But it is super fast for a house!
Well done! You are living the dream on a phenomally low budget. Your ability to spot a good deal and self perform many maintenance tasks is truly inspiring. You guys are spending a fraction of the costs that I had anticipated.
That is excellent information. We owned a 40 foot ketch about 35 years ago and the costs were going up every year. So I was curious to know what they were today. Another approach is to have a boat that you use as a liveaboard but don't sail very far with. The price can be a lot lower but you can't use it much as an offshore vessel. Some people do that too. Thanks for your information and hope that you both have a lot of fun!
Just saw this episode. Have been dreaming of buying a boat and setting sail. Really is helpful to see actual costs presented so throughly. Thank you for sharing.
I like your numbers and I also see how you live von your boat. Well done. I spent a year living in the same marina as Annie Hill. Yes her numbers suit how she lives and she lived very comfortably during that time. People don't really understand how much stuff they carry around that they actually don't need in order to live comfortable. I look around my boat now and see 500 for that, 200 for that, 700 for something else, the list goes on. It's staggering really... Keeping things simple and real, saves a bloody fortune...
Thanks for being so open and sharing- keep making great videos! Keep having fun!
Excellent presentation. Very informative and transparent. Opened my eyes up a little more on the reality of cruising. I may have to cruise for 6 months and comeback in to work for 6 months to a year.
I think you are doing a great job of keeping your expenses down. The costs could easily go WAY higher without much more reward. The issue for us boat owners is that it is easy to get carried away and comnpletely obsessed with our boats. This ensures that we are generally willing to pay exhorbant amounts of money to fix up our "babies". So the fact that you have the self restraint, and discipline to manage your financial outlay in this manner is truly commendable. I say "Job Well Done!" Keep at it. Congratulations.
Super helpful video... I’m on the lookout for a Tartan 37 which is in the same stratosphere as your Tayana price wise. The monthly expenses are in line with what I’ve seen on the forums and as most of them point out, you can spend as much as you want or if you’re even a little bit careful cruising is within the reach of almost anyone.
Definitely agree, if you have the money then there is always something you can find to improve. We’re kinda of the mentality now though that we do have years to make those improvements and we don’t have to do everything now. I think it’s about time we just sailed the boat 😆
Great vid guys. I have just come across your channel recently & loving it. One of my top 3 sailing channels. I have done a lot of boating before but have never sailed. I have always dreamed about sailing the world & now starting to really consider it, as long as my wife & 2 young kids are on board with it. I am learning a lot from you guys 🙏👌
To a great extent your costs come down to the original boat purchase and how thorough/competent the survey was. I think the lessons for viewers planning to buy and cruise would be to look at for example all of the upgrades you’ve carried and then find boats that have already had recent upgrades. We didn’t consider any boats with teak decks, but you did and ended up removing the deck. The flip side is that you could buy a boat with teak decks for less - as you’re never sure of the deck condition under the teak.
You two are absolutely killing it with your monthly budget, well done. The learning curve on upkeep and repairs is another hidden cost that in the future will pay you back handsomely. Now all you need is the stupid pandemic to go away so you can visit some new islands!
Wow
An absolutely brilliant video! Thank You and Happy Trails!
Great video guys. A number of other vloggers have done similar pieces but you really laid things out nicely. On top of that you kept smiling and laughing which is always nice to see. You have helped me understand what I might be getting into once I can cut the land cord. Keep smiling and sail on.
How much money does it cost to go cruising = All the money that you have
Yea i don't have that.
I used to have money and time. Now i have a boat .)
I think you are missing the point...including the cost of the boat they spent two years traveling and vacationing and it only cost 45k per year over two years. Possibly the smartest people alive. This rocks. You wouldn't need very much income or much investment capitol to cover this lifestyle.
My dad once told me (on the day he bought a boat): Only two days to enjoy a yacht; the day you buy it and the day you sell it. All the other days are just standing in a cold shower burning £50 notes.
Nothing is free, that's the first thing you notice when go out from daddy's home
Where in the US can you live on $1,300/month? Most apartment rentals are more than that for two people, and that's not in the coastal cities. Also, you took a 42' yacht, refit it to the way you want it, and you ended up paying only $70,000. Most decent 40+' boats ready to cruise are easily over $100,000. Where can you buy a house for that in the US (or Australia?) Providing you don't sink her, you will probably be able to get most of your money back should you ever want to sell, which means you will be living on this boat for only maintenance and repair costs, or pretty close to it. I think you are way ahead of the game. Keep moving forward.
most people need jobs though to support their lives. If it only costs 1300 a month You still need to make 1300 a month somehow. there aren't too many jobs paying that in the middle of the sea
@@saltyspaceman5697 I know what you mean. Those bus & train commuting times must be murder!! And you get in the door, she looks at you strangely and says ..... "I bet you forgot the milk & bread right??? " 😨😵😭💣
@@saltyspaceman5697 it seems that you are either "rich", have saved up quite enough to sustain that lifestyle for a couple of years ( with hopefully an exit plan ), or you incorporate youtube and the likes as a revenue stream into your planing and execution successfully (and yes there might be some jobs that can be done on the go, but quite rare ) .. most of these youtubers do not present us a "sailing lifestyle" but a "sailing with youtube lifestyle"... for some it works out due to their efforts and quality of content and for others it won´t...
Just about anywhere rural in the Southeast USA. You won't get in the cities, coastal towns, college towns or resort areas. You might have to live creatively. I've done it for many years, and It is a rare month that I don't have plenty of cash on hand at the end. You keep what you don't spend. You just have to adjust your thinking on needs vs wants.
@@jennyhall1120 You are a rare person these days. I agree with you, but I’ve lived all over the US, and $1,300/month for a house purchase for a couple is very commendable. With taxes and insurance, that’s about a $100,000 house. That’s pretty cheap for a decent house in the US.
Super handy guys, we're 4 months in to a major refit - bloody glad there's a few clips like this so we can see what it's really like
BEST EVER COST OF CRUISING VIDEO!
YOU GUYS HAVE SET THE NEW STANDARD.
As a cruiser myself, I so appreciate your EXTENSIVE video.
GREAT JOB!
but 656 dollar per month on basic maintnance is real?!?! That seems like ALOT to spend on hoses, fittins, etc...
Guys, thank you so much for sharing the real costs and not some hypotheticals. The Cruising handbook is way over targeting the prides and probably assumes you have a newer boat and a lavish retirement lifestyle (which is not the case for most people). Fair seas to you both.
After watching a bunch of videos I think the range is $8000 to $15000 a years depending on your lifestyle and boat.
Best video I watched on cruising costs. Thanks.
Thank you for breaking that all down for us, you both took a lot of the mystery out of living that lifestyle.
The rule of thumb is supposedly 10% annually of initial cost. I have found that to be closer to 5% all in. Food, fuel, etc.
Where I’m stuck on the cost is that I don’t want to work on the boat myself, which means that the higher estimate would be where I’m at. Also, I’d be mooring the boat and then shrink wrapping in the winter. Those costs add up and it seems like these expenses are either not paid for by these two (shrink wrap and dry dock) or they pay for them very occasionally (moorings).
Cool, thank you to show us books from experienced sailors and what they was saying about.
Enjoy your waterworld-yourney.
Greetings from Switzerland
Love this! What a fantastic, realistic and detailed account...... so helpful!!
People! This is GREAT! To the point with a sharp details. Thank you so much for sharing!
I really need the information like this recently, thank you so to provide. You two encouraged me to save the money to chase my dream.
I've just started researching the concept of living on board a boat. I'm targeting SE Asia as my starting point for acquisition and getting my feet wet. First time hitting RUclips and came across video. Agree with everyone, very well done, excellent information and appreciate the detail and the production values. I've read all of the previous comments and the obvious question that only came up a few times, I assume because of our cultures affinity to think it's imposing or being nosey, what is your source of income? How do you finance the lifestyle, year over year? Is sponsorships or does making the excellent videos provide you with enough viewers you can generate enough income that way. If I'm out of line, well I apologize, but where there's cost there has to be a way to pay for it... I hope to run into you out on the blue water some day.
Earned a subscriber! Didn't beat around the bush and actually gave the relevant information. Thank you!
1:54, that's my list exactly! That's all you'll ever need 👏
Our family of 4 rented the house out for 1.5 years and sailed the Caribbean and USA for $0. The rent offset all the living and boat expenses, so temporarily pulling savings out of the market to buy (and later sell) the boat was the extent of the financial impact. Point is, YOU can go sailing if you really want it.
Whaaawww good presentation and a fair realistic way of reporting you
boat life. Still a dream for me but with 35 years of sailing experience
and a own boat ..... I hope to follow you're way..... cheers and good
luck. Ever near Belgium of Netherland .... just give a sign
Very informative and not biased piece of information. Simple and clear. My compliments
Thank you, so much! You've answered a lot of questions. I love you guys! I hope my wife and I meet you out there on the ocean someday!
Thanks so much for the incredible breakdown of expenses, very clear and well presented.
I have been saving for a few years now for my retirement on the water and this is motivation for me to head offo my 12 hr night shift with a big smile on my face.
thanks again and stay safe.
cheers
I’m so glad we could help you! 😊 this gives me a big smile on my face too knowing that!
My house repayments 500 a week , council rates a quater 300, rego 1200 a year, car insurance 800. Food 200 per week, electricity 165 per month. The list goes on , Yeah it's cheaper to own a 35 foot yacht. NICE TO SEE AUSSIE travelling via blue water. Please take me on your next voyage to the Philippines.
My question is, where does your income come from? To me, that's more important. Because income dictates what your expenses can be and are more easily managed. Of course.
Well they have a sizeable RUclips following and 268 patreons so that's going to help a fair bit
@@Hawks1980 I'm curious how much 50k subscribers would pull in ad revenue. Its a fairly niche subject they cover and RUclips isn't exactly the best at paying out, you're more likely to see any income taken away because some asshole rights-management company flagged every one of your videos for a song they don't even own than anything.
Patreon is an interesting one because I've not heard a lot of bad said about it, but most of the subscription bands are pretty low. I do wonder just how many of those 274 (as of writing) Patreons are on the $2 or $5 tiers.
Most of the time with people living a nomadic lifestyle, I've found they work as consultants or do some online work, which can pay pretty well but you have to balance between doing that job and actually living the lifestyle you want to.
Patreon can provide just fine. I've seen people with much more Patreon but I'm sure this helps quite a bit. Many people, as well, rent out their homes or flats which can keep the skids greased
@@cyqry b
I've just begun to look into purchasing a boat. And the info provided, seems to be an excellent starting point. I realize I'm in for some rude lessons. However, the journey on which looking for the boat that suits my needs/desires, I find invigorating! I will subscribe and take in as much of the information you have shared!
Safe travels!!!!
Thanks Khiara and Adam, that really puts the cruising lifestyle into perspective! Yes, it's not necessarily cheaper than a land-based alternative, but it's not beyond the dreams of the average person who would love to do something different in their life. I would love to do what you guys are doing (but need a lot more knowledge and practice) but I don't think my other half would be too keen! So, just very envious!!!
PS: maybe I'll be able to talk the other half into cruising the waterways of Europe (after Covid is gone) as an alternative. Not the same, but we all have to make amendments!
Your partnership is alive and well, you two make a good team.
Just stumbled across your channel after watching Troy & Pascale. I think I'll binge watch. Fair winds and following seas.
Glorious, truly. Thank you for sharing your adventures and that over-arching detail…costs. You are living one of my dreams. May you be well and fortunate.
Very well done.
Good information provided with a fondation of fact not conjecture or estimation.
Thanks!
What a great, REAL, down to earth..and imminently practical description! Thanks!
Great video! Really covers the real cost of cruising At first I thought the overall cost was a little daunting but when you look at the boat cost as your home cost, it really comes into perspective and can be done.
You two look very lovely guys, thanks for all the info and effort! Hope to meet you guys one day!
Cheers and be safe!
I only just found your site and I am enjoying catching up a bit before spouting opinion or questions , but I have one "free (and worth every penny)" bit of advice: Don't let the desire to save the last penny get in the way of maximizing your enjoyment of this multiyear voyage . You are young and now is the time to build the memories you will want when you get older >
When you go through the spreadsheet each item is given 2 seconds, which isn't enough time to read the item name, see it, & read the price. It scrolls by so fast I had to re-screen it 4 times, and by then it was irritating trying to keep track. Maybe it's better to show the list of items with prices, slowly, and read that out loud, then show each item itself. Then it's clear and makes sense. Then on to the next of the four categories.
You know you can pause YT videos, right? That's what I did while I was watching this video & missed a number.
That was really well done. I think I'm going to watch it again! Great job guys!
Very well presented, you both are doing the right thing. Try and rent a house in one spot and live on that money cost you just showed. No way. You are having fun and keep doing what you love. Regards Steve (Tasmania).
Good to get figures because we all dream of joining you but generating an income whilst at sea must be difficult which feeds into the idea that it’s for people who have really good pensions or just loads of lovely dosh.
Love your channel! Thank you for taking the time to crunch the numbers😊 Still saving up to get the boat first hand, but nice to have some perspective when it comes to cost... Fair winds, love from Norway😊
In your monthly budget you should also include something for unplanned expenses and future refits. Say $1000 USD per month? Naturally you wont need to access those funds every month or maybe even for a year but if your mast cracks or you develop a through-hull leak you have the money set aside for the repairs
I like the way you are doing things. Spend enough to enjoy but don't waste. Have fun.
Wow, what a wonderful upload! So nice to watch interest upload!
Thanks for breaking it down, that helps reduce the concerns!
Great. Perhaps you need to add up boat insurance, medical insurance, data plans, planned compulsory maintenance (accrued)
What about the cost of insurance, both health and property? Cost of cellular and internet? Cost of video production? If my wife and I are going to do this, I’d personally like to document everything whether it’s made public or not. I know you wanted to keep it simple, but things like clothes, souvenirs, medical expenses etc can add up and take a toll on a tight budget. A miscellaneous category would have been nice. And the biggest question…what do you do to cover all these expenses??
Very informative when it comes to cost of cruising. I think you've done much better than most.
I’ve been binge watching your channel for the last couple weeks, I love how you mix up your content from entertainment to educational, and in between. Hoping to kick off my own sailing adventures in the next year (COViD messing with my plans!) but this is timely for me and really insightful and much appreciated! On a side note I was in Turks and Caicos the first time last September with my wife and we had the same sticker shock on food prices! We were thinking we’d save a bit and go to the grocery store and found $12 loaf of bread! Honestly don’t know how the locals do it (or they just eat a lot of conch lol) . Love your channel so much! You guys are doing awesome!
Do they live or do they exist. I spend a lot of time in Asia and the Philippines and I do not know how they exist on their wages???
A most excellent video, thank you for the time you spent. And as always Khiara, you are a beauty.
I am super impressed. Great explanation and such a low spend. Been loving following your journey. We appreciate the scenery and the nuts and bolts of jobs processes and costs.
The videos and costings demonstrate a dream as widely accessible. That in itself is an incredible achievement and service
I am so glad you crunched the numbers for your cost of cruises and maintenance . Great break down. Do have income xoming in to keep you cruising?
One of my dreams is to own a yacht or boat that can cross oceans.. I've looked online at many many diff types.. Mono hulls, cats.. power cats.. trawlers.. expedition.. explorer... and while exciting to view, the costs of most of them are so high $200k into the
$ millions..
Seeing an older but solid quality older boat being bought & upgraded/refitted for $70k is actually pretty comforting.. thinking I could potentially get into a nice roomy boat for that cost.
For less then 50 k and be on your way , it’s do able
Your monthly cost is actually quite reasonable. Living in the US paying mortgage or rent plus utilities and food is probably more. The big cost is mostly the initial cost of the boat and upgrades. Thank you for this information. I’ve been thinking about doing the exact same for quite some time
yes but where is the income from?
I’m obviously no expert in financial boat department, but we spend about that per WEEK on land living in our own home and our expenses. We also have 5 kids still at home so there’s that. I have seen some sailing families with kids that spend closer $4500 per MONTH on their budget. When people are living on land, I think they don’t think about the smaller things needed to be accounted for in their expenses. People make it sound as though sailing is more expensive and things constantly break down (which I’m not denying especially when buying an older boat-your expenses will be higher) but when owning a home, there’s the small things like paying a plumber, maintenance on furnace, up keep on other home repairs as well as vehicle maintenance and having to drive to work everyday, not to mention their coffee order on the way their every morning, things we splurge on here and there because ‘we can afford it’ that we don’t usually account for and they’re not saving for a rainy day, let alone for a boat fund. Where many people here are saying thanks for crushing their dream by being real about these costs and are now ditching their dreams of sailing, I see this inspiration and as being totally possible if we didn’t have a 9-5 brick and mortar job to go to and was able to work remotely. I know that life is not an easy one, but after seeing a $1300/ month budget....I would gladly trade being locked into a $1300/mo mortgage payment for paying the same amount for the freedom of sailing on the seas any day! 💗
Great Video guys, and a huge help to someone who's 12 months away from throwing the lines. thanks!
That was great buying and refitting. Top job all round
Oh my god.. sailing and living on a boat has always been a dream of mine. This is swelling my heart.
I can't even swim, AND have a big fear of deep ocean. But still a very plausible dream.
Wow! Lots of great info in this episode for sure! Thanks for letting us know. Lot of work just to pull all that together!
Your thoughts on reserve funds available.
Storm damage, Catastrophic engine failure, accident repairs, ETC.
You may want to add an annual sinking fund into the budget to replace all of your sails as they will wear out as you know...
Iv used professionals too for engine alignment, shot blasting, under waterline hull repairs. Iv learned lots off them and can for instance now service my engine, fault find and do minor repairs on GRP
Love the style of your vids guys. This one is really useful. Tx.
Thanks for sharing your expenses as evergone seems to keep it a closely guarded secret. I've been reluctant to think about buying a bigger boat due to unknown expenses
We have a 1990 Legend. It's a great boat despite what many arm chair sailors might tell you. Hunters really started to slide after 1996. Ya'll should've showed how much space is behind the headboard of the aft cabin. Plenty of space to compensate for the limited space in the cockpit. Good luck!
Great vid, guys.Very informative. I am looking for a boat myself, and being a retired business analyst accountant, and not wanting to turn my prospective blue water cruising experience into an arm-chair ride for geriatrics, your calcs were somewhere just south of my own projections. Well done!!
Nice breakdown and good to compare the other two from the books.. stay safe..
Great video, very helpful, stay safe and all the best from Germany !
Well put together video. I am amazed at how low your food costs are, currently for two people we are spending closer to $900/month and that doesn't include beer. Granted, North Eastern US but in general I have always thought the food here reasonably inexpensive. Good on ya for figuring out how to do it so cheaply. Our budget is higher but we also like to do a bit of the fancy on wine and food every now and then and we have only just begun so fingers crossed we'll get he numbers down some more.
How about insurance? Iridium go costs? Sim cards, editing software, weather system software? Personal insurance? Medical costs. Are you sure that's everything ?
Also emergency money when something goes wrong, which it totally can (and hopefully wont, but, rescue or medical fee. Insurance will only reimburse after). Probably at least 25 grand a person.
In the grand scheme of your costs maybe cannot be earned back, but have you considered going electric with cooking and dinghy? And (engine clutch in neutral) driving a generator from the prop-shaft? If you need to bring less diverse fuels that alone is a simplification. And maybe a lower out-of-pocket operational expense in the linger run
Thank you for the rundown. My girlfriend and I are building out a van currently. Once our son is older, we intend to sail. I've designed my life to be able to work 100% remotely and she has as well. I think we'll be making well over 150k/yr by the time we depart which would fit this budget nicely. We need to start saving... I'm 35 years old and have spent most of my life partying and acting a fool. With a 1 year old and a girlfriend now, I need to keep my eye on my long term prize of traveling (but now with a family). Your budget gives me hope that this is possible. With the new Starlink internet nearing full deployment, it gives me even greater hope that this is possible. Cheers to your future adventures and hope we cross paths some day! :-)
Best video of sailing expense that I have seen to date. Cheers to you.
That SINCERELY helps a lot. We'll be looking for a boat August/September of about the same size/years. Not nearly as scared to death after this.
Thanks, I'm planing on sailing the world in 2023. I planed a budget that fits easily with what you have spent. Already looking for the boat, wish me luck.
Wow! What a fantastic video! Great work, very useful. I appreciate this a lot!
Thanks for this. I've been racing through hypothetical calculations trying to play out various futures that may or may not include a sailing yacht. This was the information I've been lacking. Cheers!
On the money... NB base boat prices didn't inflate like everything else. they were dead until 10yrs ago.. there are 75 feadships you could pick up for 500k going for 4m now.. Costs are very good...
Fun video and informative ! However, it wasn’t mention the cost of some items including boat insurance, travel medical insurance, iridium go subscriptions, cell phone SIM cards/internet costs, entertainment (incl car rentals/excursions/taxis on islands you visit), navigation subscriptions (navionics & charts etc), international banking fees etc.... Are these rolled into a category you listed or not included in your totals because you don’t have these expenses? For our cruising budget, we have all those expenses. Thanks!
Thanks for watching christin! we do know those expenses but we didn’t want to make this a 30min epic listing everything we spend money on 😊 I’m thinking of writing a blog post with more details though!
I'd appreciate that as well. I will have those expenses also. Obviously trips home, things like that are easy to figure out, but short term cell coverage in a dozen countries, how often laptops, cell phones, etc expire and need replaced in the marine environment, those kind of things are tough to guess at without practical knowledge.
One cost that could be lowered is the fuel for month on propane if you have an induction stove or even hotplate you could do a lot on just solar.
As someone else said, "you're killing it!" And don't forget a comparison of that $1300/month on the MF to either renting an apartment or paying a house mortgage......eek lol. Cost of living your dream? priceless!!! so happy for you both!!! (and so happy you're sharing with us!!! thank you!)
I want to see what you do if one is sleeping and the other falls off the boat.