A lot of yacht crew don’t have a pension, don’t get on the property ladder at the same time as their peers and don’t know about how to create a diversified portfolio.
It can be a language problem, or not knowing that there are solutions despite their expat status or because they are just too busy enjoying the moment to plan for the future!
Put your money to work
Like many crew, I used to put my savings in the bank… did you know the average savings account in France offers only a 0.75% return? Even an ‘Assurance Vie’ which can be a fantastic investment tool can offer very poor return if taken out with a high street bank.
I eventually realised the value of my savings was barely keeping up with inflation! I also realised however it wasn’t too late and I got the best advice I could find on investments & tax planning; so now my money is working for me and not the other way round.
A wealth of industry knowledge
I am now working with CGK Consultants, independent financial advisors, to help crew and others realise their own financial goals.
Whether you are an expat who is a French resident or not and whether you plan to retire in France or not, CGK Consultants has the financial solutions for you, all in English.