Monday July 13, 2015
I’d have to say that about 70% of the emails we get in our inbox have something to do with money, including questions like how to make a million pounds. Â It may not be the sole subject of the email, but it usually comes up one way or another. Â “How do you afford this; What did you do to save; What does it cost to maintain this lifestyle”. Â We don’t mind these questions, in fact we usually openly talk about our money. Â Through our Cost of Cruising pages you can find out what we spend each month and year and where all of our money goes.
To take it one step further though and find out everything there is to know about us and money; starting from the beginning and going up until now, we were contacted by Teddy at Sail Loot to participate in a podcast talking about this subject. We talked about absolutely everything from when we bought our first boat, how we outfitted Serendipity to cruise, what gets covered in our monthly expenses, and how we try to save where we can. Â If you’ve ever had a money related question for us, chances are it’s been answered in this interview.
Keep reading to see how our interview appeared on the Sail Loot website, including the podcast. Â If you’d like to see the full thing on their site as well as check out more links relating to the discussion, make sure to check out the original post here.Â For even more podcast from other great cruisers talking about their finances, make sure to check out Sail Loot’s home page.
Thank you so much Teddy for taking the time to interview us, it was a pleasure talking with you!
“Matt and Jessica decided that it was time to get off the couch and start experiencing life. How they would experience life was the first question. When they decided that sailing was the answer, all they had to do was learn how to sail, find a boat, and figure out how to find their sailing money. Easy enough, right?
They ended up taking some sailing lessons, and getting some sailing practice for about 2 years on Muskegon Lake and Lake Michigan. Their sailing money came with a lot of hard work, some downsizing (of their possessions and their activities), and some budgeting to make sure that they wouldnâ€™t blow through their cruising kitty while sailing across oceans.
Matt and Jessica started with a little bit of money saved up, â€œnormalâ€ jobs, and a dream. They took off with enough sailing money in the bank to cruise for about 4 to 5 years if they stuck to their budget. Enjoy listening to this episode of the Sail Loot Podcast for all of the details!”
A Few Things Youâ€™ll Learn About Matt and Jessica, MJ Sailing, and their Sailing Money In This Episode:
- Their Hunter 240, their first trailerable sailboat.
- Their jobs on land prior to taking off cruising.
- How much they paid for all of their sailboats.
- Their cruising budget.
- How big their crusing kitty was before they left. You know, this directly relates to how long they planned on cruisng.
- Where theyâ€™ve sailed so far.
- Crossing the Atlanticâ€¦twice within the span of a year.
- The Re-fit of their new sailboat, Daze Off (the current name).
- Mattâ€™s hobby.
- Where theyâ€™re living while they re-fit Daze Off
- How Matt and Jessica keep a low-cost lifestyle.
- Going the â€œwrong wayâ€ around the Caribbean.
- Jessicaâ€™s sailing money and frugal cruising tips.
- And Much More!