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Jets Talking

The Jet Setters: The Ways of the Whacky Rich

What would you give away to know the behavior patterns of the jet setter the people who own their own private aircraft. The kind of shopping they do and where. The kind of money they must be spending across products and services basket. How do they plan their money? Maybe that would give you some inspiration as to how to spend your money or plan your finances accordingly. The bad news is that these guys are chronic spenders and if you replicated them in their spending habits, you would soon be wiped out from the face of this earth.

So who are they? What drives them? What do they spend their money on? Why do they spend the way they do?
– Private jet owners are usually in their 50s and 72% of them are men. – They have an average income of about 9.2 Million USD and a net worth of about 90 Million USD. – Here is a break up of the kind of money a jet setter spends per year, on a certain things like those mentioned below.

Alcohol – 30000 USD
Watches – 145000 USD
Experimental or impulsive travel – 157000 USD
Hotels & resorts – 225000 USD
Spas – 105000 USD
Clothes – 117000 USD
Jewelry – 228000 USD
Cars – 226000 USD
Boats or Yacht Rentals – 400000 USD
Homes and residences – 542000 USD
Art – Over a Million

That's almost as if they never existed. These are the poster boys for the banks. Now, though the study that was conducted to arrive at those results could have excluded a lot more people who still use private jets. Most companies own their own jets and they shuttle their executives around. Executives, per se, may not be the rich boys we are talking about here. There are also some jets that are fractionally owned that again rules out most of the jets flying about in the air.

The rich, however, indulge themselves everywhere, even when air borne. Their ways have always awed most others and they are usually the trendsetters when it comes to lifestyles and getting oneself pampered to a fault. Spending a million or two on a nice little customized jet can be an indulgence which has proven to be quite an obsession with the rich.

It's an often repeated remark the rich are pathetic when it comes to their finances. They really need help with it.

About the Author

Jason Uvios writes about "The Jet Setters: The Ways of the Whacky Rich" to visit :
customized private jets
,
jet airplane parts
and
private jets
.

How much does a small plane cost?

How much does a small plane cost. Im not talking jets more like the small 2 seat ones that have maybe 1 propeller.

You have 4 options to choose from when picking an airplane/

Option 1: New or Used

New aircraft are REALLY expensive, however you are sure that they have the top avionics and GPS systems. Generally, pilot's buy older 15-20 year old planes. If you pick the right brand, like Cessna, those last 50+ years. You can always upgrade their avionics suite for $500-1000 for a nice GPS unit.

Option 2: Lease, Rent, Fractional Owner-Ship, Full Owner

1. Leasing an airplane gives you full benefits of owning it, while saving you money. The owner will give it to you for a set amount of money a month. Such as buying a house, you pay them monthly. This is ideal if you want to own it for a few years. The average cost is $1,000-$2000 a month.

http://www.controller.com/listings/list.aspx?ETID=1&setype=2&catid=6&GUID=1CE9DDF98EB04FBA93BC6986A4DAFFF2

2.Renting aircraft are pretty good, if you will use it for training. For $100 an hour, they give you a Cessna 172 wet, which means with fuel, and set for flight.

Go to local airport to fly.

3. Fractional Owner-Ship this is pretty common. 2-16, people, depending on how you want it, share an aircraft. That means that you take out the aircraft whenever, calculating the fuel precisely. you want to leave in a few gallons of fuel, for the next person to take it to the fuel tanker. This has it's downs. On holidays, the other sharer is more likely to want use it, causing a conflict.

A 1980 Mooney could cost as much as $1000 for a 1/3 ownership, while a Cessna 177 could cost $3000 for a 1/12. Prices really vary

http://www.controller.com/listings/list.aspx?ETID=1&setype=4&catid=6&GUID=1CE9DDF98EB04FBA93BC6986A4DAFFF2

4. Owning an airplane is GREAT. It it your, no one elses to share with. It can cost $500,000 for a new aircraft, or $20,000 for an older one.

http://www.controller.com/listings/list.aspx?ETID=1&setype=1&catid=6&GUID=1CE9DDF98EB04FBA93BC6986A4DAFFF2

Miami Dolphins LB Channing Crowder talking crap about the NEW YORK JETS. Part1

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