Pat Schulte grew up in St. Paul, Minnesota, and from the time he was a teen he wanted to be a trader. After college he pursued that dream and within a couple of years was a self-employed soybean options trader on the Chicago Board of Trade. He traded there successfully for four years before he and his wife, Ali, asked themselves one night, "What should we do with our lives?"
What followed has been a whirlwind of adventure. Pat and his wife quickly bought a sailboat and set off on a four year sail around the world. He'd never even been on a sailboat before, but inexperience didn't stop him. To learn you must do. When they completed their circumnavigation they climbed into a 1965 Porsche and entered a race across America. They won! Next up was a 1958 VW Bus, which they moved into and proceeded to drive from Alaska to Argentina, load aboard a cargo ship, and then drive all over Europe.
When it became time to have kids they went back to the U.S., but only long enough to climb back in their vintage Porsche and drive down to Mexico where they eventually had two children. They bought another sailboat and are currently sailing all over Mexico with their kids.
"How do you afford it?" was a question Pat was asked over and over again. So he decided to answer that question with a book. Live on the Margin is the result. Written to explain the lifestyle as well as how he trades in the stock market—not to get rich—but to afford a simple yet dream-like lifestyle where he wants and when he wants.