A couple from Seattle quit their jobs and sold their house to live full-time on cruise ships, traveling the world — and they say it made more sense financially than paying off their mortgage.
Former accountant Angelyn Burk, 53, and her husband, Richard, love cruising, and through their marriage traveled by cruise at least once a year.
While thinking about their retirement early last year, the pair decided they’d like to shift to cruising full-time — and realized they could make it happen sooner than they thought.
Using loyalty memberships and taking advantage of sales, the couple have been traveling by cruise permanently since May of 2021, which they say they do for less than $100 total per day.
Former accountant Angelyn Burk, 53, and her husband, Richard, sold their house and now cruise around the world full-time
Using loyalty memberships and taking advantage of sales, the couple have been traveling by cruise permanently since May of 2021, which they say they do for less than $100 total per day
Angelyn told CNN that though they’ve budgeted to be able to spend up to $135 per day, they’ve so far been able to get by on less than that.
‘Currently, this year, we have secured 86 cruise days with an average all-in cost of $89/day for both of us,’ she said. ‘Which includes room, food, entertainment, transportation, gratuity, port fees and taxes. This is well within our retirement budget.’
At that rate, the couple can expect to spend just $32,485.
According to Zillow, the average home in Seattle, where the couple lived, is $958,027 — up to a 16.4 per cent increase from last year.
With a 20 per cent down payment on a 30-year fixed mortgage with a 5.453 per cent interest rate, repayments would cost about $5,034 per month — or $60,408 per year.
While the Burks presumably bought their home years ago at a lower price, their $32,485-per-year cruising costs are still likely significantly less than they were paying.
Now the couple, who describe themselves as ‘frugal,’ are traveling the world with savings and what they made from the sale of their home. They also said they invested well.
They realized it made more sense financially for them than paying off a mortgage in Seattle
Though they’ve budgeted to be able to spend up to $135 per day, they’ve so far been able to get by on less than that
They especially like that they can travel without booking hotels, restaurants, or other transportation
‘We love to travel and we were searching for a way to continuously travel in our retirement that made financial sense,’ Angelyn, who took her first cruise to the Caribbean in 1992, told 7Life.
‘When planning out cruises, I try to stay on the same ship as long as possible, as long as it is cost-effective,’ she added to CNN.
They especially like that they can travel without booking hotels, restaurants, or other transportation.
‘We don’t plan to permanently live on land in the future,’ Angelyn said.
In fact, in the past year they have only spent a few days sleeping on land when their cruise schedules haven’t lined up.
In that time, they’ve mostly cruised on Holland America, with 50 days spent around the Adriatic Sea and 51 days traveling from Seattle to Sydney.
Next up, they plan to visit Mexico, Costa Rica, Canada, Alaska, Japan, Indonesia, and Vietnam.
‘I believe this is achievable for the everyday cruiser, but it does take effort,’ Angelyn said.