184-Financial Freedom Afloat: Lessons We Can Learn From the Long-Term Sailing Community
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 27 April 2015
⏱️ 51 minutes
🧾️ Download transcript
Summary
I enjoy looking for financial planning tips from odd corners of the world. Recently, I stumbled across the book Financial Freedom aFloat: How to Pocket a Paycheck in Paradise by Charles Tuller as I was browsing the finance section in my local library.
Written for the cruising community, the book lays out some specific ideas and strategies for sailors who either need or want to earn some money to be able to afford to stay out on the water for the long-term.
I'm most intrigued by the challenge of the problem: how do you live a "dream lifestyle" without a lot of money?
The answer is multi-fold:
- Own your shelter.
- Minimize your ongoing expenses.
- Work while you travel.
The last item is the most interesting to me right now.
How do you conveniently integrate work and life without feeling like an indentured servant? How do you earn and enjoy life at the same time?
The book does a good job of laying out some ideas. And, it gets better all the time. There are so many more options availalbe now in 2015 than there were in 2000, when the book was written.
Enjoy the ideas we draw and apply them to your own lifestyle--whether you'd like to cruise or not!
Enjoy!
Joshua
- Financial Freedom aFloat: How to Pocket a Paycheck in Paradise by Charles Tuller
- Support Radical Personal Finance! http://radicalpersonalfinance.com/patron
Transcript
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| 0:00.0 | Radical Personal Finance is a community funded project. |
| 0:04.0 | Listeners directly support the show. |
| 0:06.0 | If you'd like information or details on how you can get involved in that, |
| 0:11.0 | and thank you for those of you who do go to radical |
| 0:14.5 | personal finance dot com slash patron picture this you are sitting on the back deck, or I guess probably is better to say, you're sitting in the cockpit of a beautiful white sailboat in the middle of a protected secluded |
| 0:34.0 | anchorage surrounded by tropical green jungle on all sides |
| 0:39.0 | beautiful crystal clear water underneath your hull |
| 0:42.0 | white sand beaches just a short boat ride or swim away. |
| 0:47.2 | Is that the lifestyle that you've dreamed of day after day after day? |
| 0:52.0 | Is that type of lifestyle compatible with working? Well I've just |
| 0:57.1 | finished a book that says it is, says that it's entirely compatible. And so today I've prepared for you some thoughts on how we can use some of the financial models of long-term sailing, |
| 1:11.0 | what's called cruising, as inspiration for our own financial plans. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and today is Monday April 27, 2015. |
| 1:39.0 | This is episode 184 of the show where we dig into cruising. |
| 1:43.0 | I've had a few sailors on, they've talked a little bit about it, |
| 1:47.0 | but today I'm going to give you some ideas from my perspective, |
| 1:50.0 | not about the lifestyle, but rather about how to actually make the lifestyle happen, whether you want to sail or not. cruising and |
| 2:05.0 | never really actually done much of it. |
| 2:09.0 | I've got interest in, but never really actually done much of it. |
| 2:10.0 | And I've got interest in all kinds of things. |
| 2:12.0 | I remember when I was a kid I used to get |
| 2:13.6 | dozens of books on sailing and dozens of books on flying and all these things from the |
| 2:17.5 | library and that usually satiated my curiosity without ever having to go farther than that. |
... |
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