So, two interesting things have landed today:
- On my doormat, the paperwork confirming that a liveaboard sailing catamaran sat in a boatyard a couple of hundred miles from here is now our property.
- In my manager's inbox, my resignation from my job of the last sixteen years.
So, erm, I guess count me in.
Are we actually FI? Well kind of...
Pre-pandemic, we were several years away, but happily living in a paid-off house, with expenses well under control, and still saving despite me working part-time and OH being a full-time parent to our two kids.
Then I was able to turn pandemic WFH into indefinite contractual WFH, and we turned pandemic home-education into indefinite home-ed, so we decided to relocate. We moved in with my parents temporarily (we said for a few months, ha, it's now fourteen and counting) so we could clean up and sell the house empty and because they are closer to where we were looking to buy.
We *very* nearly bought a house, and that would have been that, back to FI in about 2028. But we ended up pulling out based on survey/searches.
We'd talked about sailing for some time, and liveaboard cruising from when we committed to home-ed, but then decided "no, we'll just go live on the coast first".
But there we were, with a big pile of cash freshly landed in our account from the house sale, and distinctly unenthused by the idea of starting to look again in a hot market.
So why not just try it?
Living on a boat that cost ~20% of what our house sold for, and investing the rest makes us FI at 130% of our spending level in a house.
At some point we will want a house, but that could play out in a few ways...
- we only do a few years and spend quite a lot, and we cease to be FI when we buy a house.
- it works out well for a longer period and our spending is lower, and we are still FI when we buy a house because the stash has grown.
- we do it for even longer until the kids are independent, and stay FI because we can buy a smaller house.
I'm 39. Will be finishing late March. Hopefully We'll be afloat on my 40th birthday.