The money is in escrow, and we sold it for the same price we bought it for four years ago (when infertility made it look certain we'd never be parents). The slip rental has been transferred, and the new owner already got his insurance!
That means that we can pay off the remaining boat mortgage (a loan to ourselves at 3%) as well as the loan to ourselves (again at 3%) for the fertility treatment that resulted in my current pregnancy! Take away the slip rental and insurance, and we are recouping more tha $1,000 in after tax cash, not counting the frequent repairs and other miscellaneous expenses (like rum) associated with sailing!
When I finally got pregnant, I was almost immediately laid off, which meant a 50% cut in income. We have tightened up in cable, eating out, etc. and managing cash flow well for the past six months, but selling the boat gives us a hefty amount of breathing room. (We decided not to cut back on our savings when ingot laid off, which has made us feel like we have been living paycheck to paycheck even though that's not really the case).
Now we have just our mortgage and one small car loan that will be paid off in November. We also have a "not having kids" convertible that we plan to put on the market shortly. We are about five years from ER, even with rue dramatically reduced income!
