Money heading towards a target to illustrate the concept that investing needs purpose to make it effective.
| |

Investment Without Purpose: Why It Fails

ByYFSOL

Here’s something you’ve probably never been told before: Investment without purpose is meaningless. Here’s another one: Money is boring. Taken together, they are the two main reasons why for many superyacht crew investing is not only a wasted opportunity, but likely to fail miserably as well. And, unfortunately, a lot of the non-expert advice given to superyacht…

Accountability for superyacht crew. Present You is accountable to Future You
| |

The Role of Accountability in Financial Planning for Yacht Crews

ByYFSOL

A few years ago, we came to the conclusion that something was holding superyacht crew back from reaching their financial goals. We’re not talking about superyacht crew who talk a good talk about financial planning but don’t actually do anything. They never squeeze the full financial benefit of working in yachting. No, we’re talking about…

Financial growth for superyacht crew
|

Personal Growth and Financial Stability: Achieving both on Board

ByYFSOL

Ironically, a superyacht gives you both the best environment for personal growth and financial stability—and the worst. When guests or the owners are on board, it’s a high-pressure, high performance place. One that leaves little space for you to think about yourself, your personal growth and your financial stability. The boat and your duties become…

Two taps as a metaphor for income protection and income replacement for superyacht crew. One is flowing with money, the other isn't working.
|

The Best Substitute Is a Replacement

ByYFSOL

What happens when your income tap stops working? You’ll have some money left for a while. But eventually, it will run out. HINT: Your ability to make money is your money tap. Illness and injury are reasons why you might not be able to keep the tap running. Short-term illness or injury, say a month or…

Pensions for superyacht crew
| | |

Pensions for Superyacht Crew

ByYFSOL

Pensions may sound boring, but actually the concept is really exciting. They are a type of long-term investment vehicle that could provide you with financial freedom and independence once you stop working in yachting. And you will stop working in the industry one day. In a nutshell, pension plans are a type of savings plan…

Financial security for superyacht crew expressed as a padlock
| |

Financial Planning for Yacht Crew: Creating a Secure Future On and Off the Sea

ByYFSOL

A secure financial future is something all superyacht crew should strive for. Why? Because being financially secure will give you the freedom after yachting to choose how you live your life on your terms—free from the demands and priorities of an employer. As superyacht crew, you’re uniquely placed to use your time in yachting to…

Financial hurdles for superyacht crew and how to overcome them
| |

The Financial Challenges Superyacht Crew Face and How to Overcome Them

ByYFSOL

Working in the superyacht industry provides a special lifestyle. You live and work on board, you have substantial disposable income and you get to travel a lot. But the lifestyle also has its personal and financial challenges. You don’t have job security. It can be stressful working and living with your colleagues, and, most of…

The Importance of Life Planning before Financial Planning
| |

The Importance of Life Planning before Financial Planning

ByYFSOL

Financial planning is essential for superyacht crew. You are going to have a life after your yachting career. If you plan carefully your yachting career should be a life changing opportunity that enables you to live the future life of your dreams. To action this, you must think about your ideal life in depth and…