The Seafarer Investor

13. How much should you really save and invest?


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A good investor is also a good saver. But the question always arise on how much? Is there a right amount to save? To know more, listen to this episode, as I will talk about why going full ahead on saving is not for every body but is applicable for most seafarers.

Timestamps of the episode:

  • You can't invest if you don't save, obviously. [01:27]

  • Save what you can. Don't worry too much on how much. [02:09]

  • Focusing in growing your income is the right way. [03:48]

  • The "save-invest continuum" by Nick Magguilli [05:50]

  • Why most seafarers who are yet starting out should focus in saving instead of investing [09:40]

  • Focusing on income growth is hard for seafarers while working at sea for obvious reasons. [12:29]

  • The ultimate goal to saving. [14:37]

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The Seafarer InvestorBy Seoshin