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First here's a summary of the eight steps according to Lynn and Larry Pardee:
Step 1 Making the Decision
Step 2 Establishing a Time Frame
Step 3 Organizing Your Finances
Step 4 Drawing Up a "Pre-Cruising Agreement"
Step 5 Developing Realistic Expectations
Step 6 Evaluating Your Sailing Experience
Step 7 Choosing Your Boat
Step 8 Dealing With Your Land-based Stuff