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Buying a Jet
#43

Buying a Jet

Quote: (02-13-2014 12:53 AM)blkgatsby Wrote:  

If you earn that much, you're likely only taking home half after taxes. $10k a month won't even cover a helicopter, let alone a jet.

Unless you are the head of a major global firm there's no way you can even consider a jet, and most of those guys have jets out of business needs. Hangar, crew, and insurance expenses will probably total 300k, and that's before you even take off. At 300k, I'd doubt you could even afford to buy and maintain a Ferrari, let alone a jet.

Most guys pulling 300k+ have their own business. They aren't paying half their money in taxes as they have many deferred tax opportunities.

But beyond that...on 300k I wouldn't even consider buying an exotic car USED.
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