Asking Superyacht Owners How To Make $1,000,000

Superyacht owners’ professions

• Some of the superyacht owners made their fortunes in the cryptocurrency industry, such as Carson Cook who founded Fractal, a DeFi platform.
• Others have achieved success in fields like real estate development and the hotel business.
• One of the owners mentioned being in the tree-cutting and gym franchise businesses.
• Another owner mentioned being in the textiles business.

“Crypto is one way to buy a yacht.”

Advice for young people aspiring to own a yacht

• Carson Cook advises young people to consider getting into cryptocurrency.
• Some owners suggest focusing on work that could lead to financial success, such as real estate, hotels, or starting their own businesses.
• One owner suggests looking into industries like textiles.
• It is mentioned that it takes hard work, time management, and delegation to succeed in businesses like gyms.

“We work smart, manage our time, and focus on what needs to be done.”

The costs of owning a yacht

• One owner mentioned that owning a yacht can be profitable, while another said it depends on factors like the purchase price and ongoing expenses.
• It is stated that the expenses of a yacht can range from $20,000 to $25,000 per month.

“It depends on the expenses, the purchase price, and how you use it.”

Life of a yacht captain

• One yacht captain mentions enjoying his job and emphasizes the importance of being passionate about what you do.
• It is not clear how he initially got into the charter business, but he mentions starting as a cleaner and working his way up.

“It changed my life… What do y’all do out here?”

Other professions mentioned

• A glass restoration company owner talks about his work in restoring properties after various disasters.
• One individual mentions being a former professional tennis player and starting his own investment bank.
• Another owner talks about starting in the commercial leasing business and transitioning to hotels.
• A successful individual mentions coming from a family of teachers and wanting to make money from an early age.
• Business advice given includes stepping back to see the bigger picture and finding easier ways to achieve success.
• One owner talks about the flow of money from the stock market to cryptocurrencies.

“We focus on kids martial arts… We don’t work hard, we work smart.”

Wealth and Taking Risks

• Taking calculated risks is important when it comes to building wealth.
• Some people are more comfortable taking risks at a younger age, while others, like the kickboxing instructor, started their own business at the age of 40.
• There are important lessons to learn in business, such as not running out of money.

“It’s all about taking risks and calculated risk at a younger age.”

Lessons in Business

• One of the most important lessons is to not run out of money.
• There are several other crucial lessons that need to be learned in business.

“There’s 10 things in business that you need to learn, right? Number one is don’t run out of money.” “There’s two, three, four, five, six, seven, eight, nine, and the number ten is to run out of money. Those are the two things I remember.”