Exploring Investing for Yacht Crew
Thank you to our guests Southern Cross Wealth for coming on the show to discuss beating inflation, offshore banking and investing for Yacht Crew. It can be a daunting thing to consider – especially if you don’t know what you are doing. This is why we had Jame Skuse of Southern Cross Wealth join us to discuss the pro’s and con’s of investing your money.
Beating the Silent Killer – Inflation
Why not just stash your cash under your mattress or in a savings account? This is something that the top wealthy people in the world understand and that most people don’t. It’s because of inflation. Your money amount stays the same, but it’s value looses interest over time. As the cost of living increases, your money sitting in your bank account or stashed under your mattress doesn’t gain anything. This is why it’s clever to invest your funds against inflation.
Seafarers Offshore Banking Account
Mention the Nautic Nomad podcast for a free Seafarers Offshore Banking account with Standard Bank.
*Disclaimer – The material covered in the Nautic Nomad podcasts are for educational and information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. Southern Cross Wealth is not licensed in the United States and so this information is not meant to solicit American Clientelle.