The life aquatic
If you’re thinking about retirement would you be willing to give up your home to live on a cruise ship full time? One adventurous couple did just that.
Florida couple John and Melody Hennessee plan to spend the rest of their lives cruising around the world. According to their calculations, it will cost them about half as much as living on land.
Originally they sold everything to live in a motorhome and travel around the U.S., but John got tired of driving.
Now they hop from one long cruise to another. They’re also planning to board a three-year cruise that chases warmer weather all year round.
Most people I meet hang their retirement plans on property or a pension portfolio of stocks and bonds. While I haven’t seen John and Melody’s numbers or retirement assets, it’s quite possible to embrace pretty much any kind of retirement you like as long as you plan properly.
Paying for cruises all year round would be very similar to just planning to retire and stay in one place - it comes down to having assets that generate enough income to support and sustain your chosen lifestyle. Helping people put those plans in place is something I love doing. More of us have a future baseline of financial freedom in our grasp than we probably realise.
As with most investing, starting sooner rather than later will impact your weekly and monthly expenses far less. Many of us aren’t quite as clear about our retirement plans but we can all plan for a comfortable time at home or on the high seas!
With the right plans in place, you might even find yourself with a similar problem to John and Melody - what’s your address?
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