ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Couple decide to sell home and live on cruise ship as it makes more ‘financial sense’ than a mortgage

"We love to travel and we were looking for a way to continuously travel in our retirement that made financial sense"
UPDATED AUG 11, 2024
Cover Image Source: Pexels | Matthew Barra
Cover Image Source: Pexels | Matthew Barra

Spending time on cruise, visiting exotic locations and meeting interesting people sounds like a rich man's dream, but is it? With the skyrocketing real estate costs, many are moving to ships which, they claim, is surprisingly cheaper and also helping them save. What once used to be a luxurious vacation for many is now a lifetsyle hack for some to save money on rent and mortgage.

Angelyn Burk and her husband Richard, residents of Washington D.C, are currently living on cruise ships because they believe it's cheaper than living on land. The couple, in their 50s, began planning their retirement in 2021.



 

"Our original plan was to stay in different countries for a month at a time and eventually retire to cruise ships as we got older," Angelyn Burk, an accountant, tells 7Life. Burk started looking for ways in which both of them could afford to live permanently at sea. Soon she learned that they could easily retire and live aboard a cruise ship for as little as $43 a day.

They decided to sell their home in Seattle, quit their jobs and start living on cruise ships. Over the past two years, they have used loyalty points to maintain their life at sea.

So far, the couple has toured Europe while on a 50-day cruise around the Adriatic Sea and also gone on a 51-day trip from Seattle to Sydney. During the journey, they have paid for accomodation, food, drinks as well as other expenses, which totalled to just $43 per person a day.



 

According to Burk, all it takes is a little planning to ensure that they can live at sea and that their schedules don't clash. 

"We really enjoy cruising and being able to visit different parts of the world without hopping on an airplane," Burk tells the publication.

"I believe this is achievable for the everyday cruiser, but it does take effort," Burk says. "It is leisurely travel without the complications of booking hotels, restaurants and transportation, while staying within our budget."

The couple will continue to travel and see every part of the world. They don't have any plans to return to land anytime soon. 

The couple's math makes sense as the average price of a home in Washington is around $607,000. "We have been frugal all our lives to save and invest in order to achieve our goal," she says. "We are not into materialistic things but experiences."

Cover Image Source: Pexels |  GEORGE DESIPRIS
Image Source: Pexels | GEORGE DESIPRIS

On top this, the couple also likes the fact that they do not have to worry about groceries. They travel light carrying just two suitcases. They say that no matter where they are Italy, Cana, Iceland and the Bahamas will remain their favourites. They also like spending time in Singapore, which is their ultimate favourite place to visit.

“We love to travel and we were searching for a way to continuously travel in our retirement that made financial sense," she tells 7News.

MORE ON MARKET REALIST
The nascent nature of the company prevented the sharks from investing in it.
1 day ago
Harvey seemed quite annoyed after the guest revealed her surprise and rightfully so.
2 days ago
Both Rick and his son Corey had a lot of luaghs while talking about this item for obvious reasons.
2 days ago
She was just happe to be with Drew Carey on stage, and perhaps did not expect such a big win.
2 days ago
The segment started with a couple of people entering the stage wearing cakes over their heads.
2 days ago
The valuation he asked for was as crazy as the outfit he wore, and the sharks said no.
2 days ago
The contestant's answer had no lewd intention but Steve Harvey made sure it did.
3 days ago
Fans of the gameshow are known to be vocal about their needs and this was just an example of that.
3 days ago
The guest stood firm at what he wanted and Harrison was forced to raise his low-ball offer.
3 days ago
The contestant was confident in his abilities and he steered his team to an impressive win.
3 days ago
The sharks could not believe what they had just witnessed but it sure was entertaining.
4 days ago
The guest said that she wanted $15,000 but had to settle for just a couple grand.
4 days ago
Fans of the show were shocked she was not able to get it right after coming so close.
4 days ago
Corcoran was confident that the entrepreneur would take her deal but that was not the case.
5 days ago
The host's expressions upon seeing the answers on the board were absolutely priceless.
5 days ago
The guest was a friend of the Harrisons and he turned out to be quite the negotiator.
5 days ago
The guest had an item that was presumably made in the pre-1800s era, which made it valuable.
6 days ago
She had asked for $250,000 when she came and she walked away with close to $400,000.
7 days ago
The showrunners must have had a storm on their hands when they were called out.
7 days ago
Steve Harvey burst out laughing when he heard that answer, as was the case in much of the round.
7 days ago