Family Magazine

The Cost of Cruising: Interview with SailLoot

By Behan Gifford @sailingtotem

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How much does it cost to go cruising? How much / how long did you save in order to go? What do you spend every month as a cruiser? What about earning money while cruising? Questions along this line are among the most common that we get on Totem.

We recently had a chance to do an interview with Teddy J from SailLoot, and talk about ALL those issues. To listen in, you can stream it below, pick up on his site, or check out the SailLoot itunes channel.

Teddy has his eye on living aboard and cruising with his his wife, Megan, and their dog, Barley (yes, he likes beer!), and is asking all those questions to fuel his own planning. How much did we save put into the cruising kitty during those years of active cruise planning? What did we do professionally? How did we save money? What did we do for work in Australia? What are the expenses like while cruising? What do we spend the most money on?

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Here’s the thing: everybody does this differently. His first interview, posted a couple of weeks ago, was with our friends on Delos. Brian and Karin have a really interesting story and concrete experience to share, and like us, are making cruising work with an eye on the longer term. And while we have some fundamentals in common, we have made some different choices along the way in how we’re financing, and what it costs. Every new episode from SailLoot will have new insights that help others visualize their dream and how they can make it a reality.

We answered his questions honestly and from the heart. But you can’t answer everything in an hour! I’m working on follow up posts about cruising and finances, so if there’s more you’d like to know about how we saved to go cruising, what it costs, and what we do for income- ask in the comments, or drop an email through our contact form.

Teddy was a lot of fun to talk to, and although I’m sure he would like to have gone from high school garage band to rock star, when that didn’t pan out I’m glad he hung onto the recording equipment to start up a podcast series specifically on finances and sailing. As a guy who just wants to cut the docklines too, what better way to figure it out while sharing it with the rest of the world? Everybody wins!

Teddy is a sailor, a traveler, and a planner. We fully expect share an anchorage someday, and meanwhile, we put our own challenge to him. What is it? Listen to the podcast and find out for yourself!

Financial planners know we love it when you read this on the Sailfeed website.


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