Meet a family that travels the world full time on a yacht for $2500 a

The Sueiros had it all — great careers, a community of friends and kids enrolled in a top-notch international school in Boston. Will was a corporate accountant, and Jessica ran a graphic design business from home. Life was "comfortable, uneventful and routine," said Jessica Sueiro. However, they were overscheduled and depleting their finances with expenditures of around $10,000 a month — not on "a pampered life" of fancy cars or weekend ski trips, said Sueiro, but on rent, private school tuition and an "image" that required presentable clothing and regular haircuts."We had the lifestyle that we dreamt of," said Sueiro. "But once we had it, we were not convinced it was the correct path for our family."The family took a "test trip summer" to Paris to see if they could survive in a foreign land, said Sueiro."Not only could we survive, but we thrived," she told CNBC. "We lived on much less, and we were so happy."So —  with two kids, aged 6 and 10 —  the Sueiros sold 85% of their belongings, got international health insurance, opted for paperless bills and left Boston in 2014 to "leap into the unknown," she said. Since then, the family has visited more than 65 countries, with members going to all seven continents, said Sueiro. During the first three years, the Sueiros lived in locations for nine to 12 months at a time, renting furnished homes and traveling extensively, said Sueiro. The family lived in a 21-foot RV for the next 2 1/2 years, moving constantly and visiting every country in Europe, plus Morocco. They had just arrived in Japan when the pandemic struck. They eventually returned to France, where they have long-stay visas, and bought a 38-foot catamaran, where they have been living since August 2020. The Sueiros had very little sailing experience when they bought their boat, which makes traveling via water harder than over land — at least for now, said Sueiro. She said she believes eventually "sailing will turn into a much easier and cost-efficient way to travel," despite boats having a "reputation of costing a fortune.""Our monthly budget since we became full-time travelers has always hovered around $2,500 per month," said Sueiro, which includes medical insurance but not schooling or business expenses. "Right now … we are a bit lower than that."After the initial cost of purchasing and equipping the boat, the "bills have leveled out," and the family's largest recurring expenses are food, school, medical and boat insurance, SIM cards and periodic boat repairs, she said. The general rule, she added, is to factor in 10%-30% of the boat purchase price for yearly repairs and upgrades."There are a lot of assumptions about this type of lifestyle ... the No. 1 by far is that one must be rich," said Sueiro. "I cannot speak for others, but I can tell you that we work a lot … we are also very frugal."Jessica and her husband worked remotely for the first three years before establishing WorldTowning, a travel coaching company for long-term travelers.


All data is taken from the source: http://cnbc.com
Article Link: https://www.cnbc.com/2021/04/09/how-much-it-costs-to-travel-the-world-full-time-on-a-yacht.html


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