The advice often given to superyacht crew is that they should have an ‘offshore’ bank account. But what does that mean? Why do you need one? And is it the same as an online-only bank account? Also, why not just have a high street bank account back home? These questions and more are what we’ll…
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…
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…
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…
Why would superyacht crew need bespoke financial planning? In fact, why would they need financial planning at all? The first question is easy to answer. Without a proper financial plan, you won’t have the financial foundation to make your life plan (your dream life) a reality. Most yacht crew have dreams and ambitions. Being blunt,…
‘Offshore investing’ or ‘international investing’ is often associated with the ultra-rich. In other words, the kind of people superyacht crew like you work for. It’s not seen as something the ordinary person can do, nor maybe even should do. There’s an aura of mystique about it and, let’s be honest, a feeling that offshore is…
Putting together a solid financial plan that is flexible enough to adapt to your changing circumstances, yet solid enough to overcome temporary investment setbacks, isn’t an easy thing to do. That doesn’t mean you can’t do it on your own. Of course you can. But that begs the question, should you do it on your own and do you have the time?
Putting together a solid financial plan that is flexible enough to adapt to your changing circumstances, yet solid enough to overcome temporary investment setbacks, isn’t an easy thing to do. That doesn’t mean you can’t do it on your own. Of course you can. But that begs the question, should you do it on your own and do you have the time?
In an ideal world, financial planners could work for free. In fact, in an ideal world, everything would be free. But that’s not practical or ever likely. After all, things cost money. And, like everyone else, financial planners have overheads.
But do you even need a financial planner? Couldn’t you sort out your own investments?
How to make sure the length of time you are committed to an investment suits your needs.