Anchored in Knowledge: Essential Financial Resources for Crew
Podcasts, Books, Blogs & Beyond
Ahoy mateys.
(Just kidding, no maritime puns today. You all deserve a break.)
They say knowledge is power.
For yacht crew looking to take control of their financial future, the best place to start is with knowledge. Below are some of my favourite tools that break down personal finance in simple, actionable steps.
INVESTING BOOKS
1. I Will Teach You To Be Rich – by Ramit Sethi
Kak title, great book.
This book offers a step-by-step guide to automating your finances and building wealth without cutting out the things you love. Ramit Sethi emphasises guilt-free spending, showing readers how to prioritise what matters most while saving and investing for the future. His practical advice makes it a great starting point for yacht crew wanting to balance living well and being financially responsible.
Key Takeaway: Automate your money, invest early, and spend on what brings joy, guilt-free.
Where to Find It: Available on Amazon, Audible, or your local bookstore.
2. The Simple Path to Wealth – by JL Collins
JL Collins originally wrote this book for his daughter, but it has become a go-to guide for anyone seeking financial independence. It explains how to invest simply and efficiently, focusing on low-cost index funds as a pathway to wealth. For crew members who want a straightforward, no-nonsense approach to investing, this book is perfect.
Key Takeaway: Achieving wealth doesn’t have to be complicated; stick to simple, low-cost investments for long-term growth.
Where to Find It: Available on Amazon, Kindle, and Audible.
3. The Psychology of Money – by Morgan Housel
In this book, Housel explores how emotions, history, and personal experiences shape our financial decisions. By understanding the psychological side of money, readers can better manage their financial habits and make more informed, less emotionally-driven decisions. This is a must-read for crew members who want to understand not just the mechanics of money, but the mindset behind it.
Key Takeaway: Financial success is less about knowledge and more about behavior; mastering your emotions around money is key.
Where to Find It: Available on Amazon, Audible, and most major bookstores.
4. The Total Money Makeover – by Dave Ramsey
I am personally not the biggest fan of Dave’s opinions BUT if you are someone in debt or always borrowing money- this one is for you.
Dave Ramsey’s approach to personal finance focuses on eliminating debt and building a solid financial foundation. With a no-frills, step-by-step guide, this book walks readers through Ramsey’s famous “Baby Steps” to achieve financial stability and wealth. It’s ideal for crew members looking to get out of debt and create a long-term plan for financial security.
Key Takeaway: Debt is the enemy; eliminate it fast and build wealth with clear, achievable steps.
Where to Find It: Available on Amazon, Audible, or through Dave Ramsey’s website.
PODCASTS
I have compiled a Spotify playlist full of great episodes. Reach out if you want me to send it to you.
Pop in your Airpods while you’re sanding the capping rails and have a dip:
1. The Investors Podcast Network - WSB
A comprehensive network covering a wide range of investing topics, from stock market insights to deep dives into wealth-building strategies. It's a must-listen for anyone looking to expand their investing knowledge.
2. Millennial Investing
Geared towards younger investors, this podcast breaks down personal finance and investing in a relatable way. If you’re in your 20s or 30s, it’s a perfect companion for navigating the early stages of wealth building.
3. Morning Brew Daily
Get a quick, entertaining rundown of the latest business, finance, and economic news. This daily podcast is great for staying informed without getting overwhelmed.
4. The Money Guy Show
Packed with practical, down-to-earth financial advice, this podcast covers everything from saving and budgeting to investing and retirement. It’s ideal for crew members who want to build financial security without overcomplicating things.
5. The Personal Finance Podcast
Short, to-the-point episodes that cover essential financial tips and tricks. Whether it’s about budgeting, investing, or debt reduction, this podcast keeps it simple and actionable.
6. Animal Spirits
Hosts Michael Batnick and Ben Carlson discuss investing and markets with a fun, conversational tone. They make complex financial concepts easy to understand, perfect for crew members wanting to keep learning without the jargon.
7. I Will Teach You To Be Rich
Based on Ramit Sethi’s bestselling book, this podcast dives into real-life financial case studies, helping listeners identify and break through their financial roadblocks.
**BONUS FOR THE SAFFAS:**
8. Honest Money by Warren Ingram
Most of you will recognise Warren Ingram’s voice if you were ever stuck in traffic in SA. He has great, actionable advice for Saffas and does a bunch of episodes pertaining to expat tax strategies.
These books and podcasts will keep you informed, entertained, and motivated on your financial journey — whether you're docked at port or out on the open seas.
Have a great weekend, reach out to me at theyachtinginvestor@gmail.com if you have any questions or ideas! Go Bokke!!!
