Fast Track Your Career
Get the inside scoop on everything you need to know about yachting right here
Fast Track Your Yachting Career Podcast
Looking to either get into yachting or make the absolute most of your time on board superyachts? This podcast series answers common questions and provides practical and actionable advice to help you fulfil your potential on board and in life. Powerful advice aimed at your success.
We talk a lot about your unique financial opportunity as yacht crew. It’s a once in a lifetime opportunity to save sufficient money to completely change your future life. You mustn’t let it slip away.
It’s common knowledge that yacht crew are paid well, especially at senior officer and captain level. But how much is a superyacht captain’s salary? A study of yacht captain’s salaries reflected that this is a bit like asking, “How long is a piece of string?” And the answer depends on both tangible and intangible issues.
What does real financial independence look like? Many yacht crew think they’re financially independent already. They work full time and make a good (sometimes very good) income that pays for an exceptionally high standard of living. They’re able to afford more in life than many of their contemporaries. But that’s not real financial independence.
There is no denying that the perks of working in the superyacht industry are enormously attractive. But we all know working in yachting isn’t all kittens and rainbows. It’s a tough business—physically and, especially, mentally. Yet leaving is hard. The money is so damn good. Here’s how to transition out of yachting elegantly (and with money)…
What could be better than earning money when you aren’t actually working? Who doesn’t like a bit of extra cash flow into their bank account? You can do so by establishing passive income streams.
There are lots of advantages to working on board a superyacht. You live on board, so you don’t need to travel to work. All your living expenses are paid for by the boat. Your meals are prepared for you. You also get to travel the world, seeing the world’s most gorgeous locations and meeting people from different cultures. Best of all, you get paid for doing so—and in many cases your salary is tax-free.
Seafarers, like most people, have a wide range of online banking and app-based banking opportunities, both with traditional banks and the challenger fintechs. In fact, some superyacht crew have given up traditional banks altogether in favour of the new fintechs like Wise and Revolut, who even offer debit cards. So what should you look for in a seafarer bank account?
Do superyacht captains need a pension plan or a retirement scheme? Perhaps. But what is it that we’re really talking about here? Something else entirely.
Our decades of experience is at your disposal—no cost, no obligation
Book a free 30-minute slot with one of us to talk about:
- X = Where you want to go in life (X marks the spot)
- Y = Why you want to go there
- Z = Zest (How committed you are to getting there)
- Whether we're the right people to help you
We can give you valuable guidance about getting your life and financial plan up and running, and then through regular review ensure that you stay committed to it. Your Financial Plan will include individual long-term savings plans and investments.