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by ismarc
4771 days ago
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For a helicopter, you need a hangar, a pilot, regular maintenance, insurance, fuel/oil as well as membership/pad fees if you actually want to fly anywhere besides airports. You could do a small helicopter for $200,000-$400,000 and then about $30,000-$40,000 a year in recurring costs before pilot, fuel and oil. You can expect $300-$400 per hour of flight time. If the 10 million is invested and has a return of 4% annually, the helicopter will cost 10% of the max you can pull out without depleting principle. That also doesn't include loan payments if you didn't buy the helicopter outright. So, helicopter money is a lot higher than it looks. |
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Full disclosure: I'm a bad mather, but I'd be a great rich person