You Deserve a Luxurious Yacht Charter
If you find yourself stuck on something, if you find yourself unable to make progress on a project that your company is working on, you need to get away from the office and your laptop. You need a “Yacht-Ready Bahamas Charter” vacation.
Yacht Charters: The Ultimate Getaway
Too often, we CEO’s try to ram every bit of our businesses through a tired mind, which usually results in more mistakes and ultimately leads to complete burnout.
If this sounds like you right about now, you need a break. You need to get away. And as a powerful CEO or entrepreneur, you have the luxury of making that getaway count.
How to Charter a Yacht
No matter what ocean-line you’d like to visit around the world, there will always be a yacht charter company close by to offer you a charter that gives you the greatest pleasure on the open seas.
“Charter” essentially means to “rent” a boat with (or without) a full crew. This will let you experience an open world that you never thought possible.
To get started, narrow down the city that you would like to visit, and do a Google search for “(Your city here) Yacht Charters“.
Once you have your results, click on one of the first few results that come up. Check out their yachts and what might be available for around the time that you plan on taking your yacht vacation into the open waters.
Owning Instead of Renting
Let’s say you fall in love with the idea of a yacht charter, and want to take it to the next level and PURCHASE your own yacht to get away whenever you want.
If you have the money, I would HIGHLY advise this.
The yachting industry is actually booming these days. By renting out your new floating asset, you could make a considerable amount of wealth on the backend.
Investing in a “water toy” has never been more rewarding!
Plus, nothing screams “sexy manliness” like owning your own yacht.
Financing a Yacht
For those of you who might need some financing options to purchase your own yacht; Consider the fact that you probably have equity in your home and can very easy get an equity loan.
I recommend checking into this because the rates can be very low to finance a yacht.
Especially if you only plan on holing onto this yacht investment for a few years and plan on selling it from there.
If you happen to reside in the U.S., you can borrow cash through marine lenders if your FICO score is over 700.
It’s also always good to check your FICO scores first before you talk to any lenders and they pull your credit.
Likewise; it’s usually a good idea to have a debt to income ratio below 35%.
Stock Portfolio Financing
Another good way to finance a luxury yacht is through stock portfolio loans.
Many times your personal stock brokerage will loan you up to the equity that you have in stocks (which may be about 1% over the LIBOR rate).
Using this method can result in a super cheap loan.
And finally: if you happen to decide that you love yachting SO MUCH and want to live on this boat for an extended amount of time…
NEVER mention to a lender that you’re going to live aboard the boat.
Doing this will cause an alarm in their eyes and they will begin to expect the worst. (Back to that inevitable “Murphy’s Law” that we talked about before).
French Financing Tactics
If you are not a US resident, you may be qualified to get special “French Financing” where you put 25% of the asking price down.
By using this tactic, you will need to leave the yacht in charter for five years, and the charter company pays the loan down with the income that it earns.
In using a “French Financing” tactic, you are allowed to use your yacht up to 12 weeks a year but you have to leave it at the charter’s initial base.
The good news is that you can use other yachts around the world that are similar to yours during the course of ownership.
At the end of five and a half years, the loan will be paid down to about 35%.
From here, I advise to sell the yacht and pay that loan off or finance the yacht at 35%, which is also relatively simple to do (given that your loan is in good standing).
Life is Short
Everyone deserves a break. That includes you.
Don’t let work beat you down. That’s not why you became a CEO.
Sometimes it’s hard to remember that.
For more tips on the best way to get a yacht charter vacation, check out www.yacht-ready.com. They have excellent information for “newbie enthusiasts” looking to get into yacht life.