Creating your financial plan can be fun.
The most important thing is to get started.

You’re earning well. You could just save what you have left, somehow? When your boat leaves port it needs a journey plan. Likewise, you need a plan for you and your money.

Your Financial Plan - Why?

If you're yacht crew aged between 25-30, earning EUR 50,000/year. Did you know that over the next 15-20 years you're a potential millionaire? But The real test is not how much you earn, but how much you keep for yourself. Few yacht crew leave yachting and do nothing, but they do want to do something for themselves, not just for the money.

Financial independence is the key.

As a yachtsman / woman you have a tremendous, unique ability to create real financial independence and wealth over a relatively short time.

Ask yourself

When do I want to achieve financial independence and Where do I want to enjoy it?

We believe

No one plans to fail...most simply fail to plan


By setting and working to meaningful goals, you can create a plan, which can really make your dreams come true. The earlier you start the easier to achieve your goals.

Getting started

It’s very simple, providing you don’t confuse the planning with the execution of the plan.

Ask yourself

  • Where am I now?

  • Where do I want to be and when?

  • What’s the best way to get from here to there?

Once we have established where you are now and where you want to be, we can work out just how much you will need to save to complete your plan over the next 5–15 years.

Do this sound familiar? It should. It’s a journey/voyage plan.

Where to Start?

Your life will change over time, as will your plans.
You must make a plan that can easily change with you.
As a world cruising yachtsman you're now a citizen of the world and your priority must be to accumulate wealth in as tax neutral an environment as possible.

Offshore structures have the flexibility to stop, start, increase and decrease contributions, and to accept different currencies as they are built for working ex-patriates.

YSFOL Guide to Financial Planning

Click here to download your
guide to financial planning.

Open an offshore account

They are provided in the three major currencies and are set up for working ex-patriates, just like you. This simple structure will be the doorway to an effective financial plan. We can help you speedily through the process.

Once in motion, review your plan annually. You will need to adapt it as and when your plans change.

What could go wrong?

When constructing your plan, there will always be discussion on investment mix, and especially the underlying risk factors, property vs stock markets etc.

What if anything happens to you? How would you (and your family) survive financially?

You need to have combined Life and Critical illness assurance. Life assurance will pay out a lump sum on death. Critical illness assurance will pay out a lump sum on diagnosis of a critical illness (Cancer, Heart attack, Stroke, etc).

Either of the above can be used to clear a mortgage or loan or invested to provide income for your dependants. The amount is something you need to work on with your advisor and partner, but USD $250,000 is a good starting point.

Peace of mind for less than USD $3,00 per day.

Monthly cost for USD $250,000 life and critical illness cover for a couple aged 35 & 30 starts at under USD $85,00 per month.