One thing to consider in hourly cost analysis, is maintenance cost; oil, tires, brakes pads. All which would need to be replenish or replaced before engine overhaul.
True, and there are going to be annual inspections and routine maintenance costs to keep her flying and airworthy. Plus your pilot may well need recurrent training to keep his skills sharp.
Some comments make me laugh. Just ignorant. I couldn’t be happier for your success Ricky. Enjoy the fruits of your labor. You’re self made and THAT is very admirable. Appreciate you buddy.
I easily made 10X what I paid for the course. It’s one of the best financial decisions I’ve made. He makes way more in one day trading then he makes via UA-cam and Course subscribers.
Something that we need to take in calculation - You need to compare these prices to FIRST CLASS prices you are paying when you fly with commercial airplane. You cant compare private jet flight price with economy class commercial flight.
I assume Owen takes money? and there is annual servicing? how quickly does Owen show up? if he needs to be booked days in advance and may not even be available the idea or just taking off goes out the window. How often is it actually flown vs cost so what's the real cost for a trip. But sounds like it's fairly manageable. It does run the risk of sudden big cost if an engine needs replacement so you need some surplus in your budget to play with such a costly item. It's not just 1500 a month and 1000 an hour.
You should calculate the annual and the OH into the hourly operating cost. These are the basics you want to consider. Fuel Insurance Hanger rental Annual....
Make sure you sell it before stage checks because those can cost more than the jet is worth at that age. Look into a Lear 45 for your next one! Blue Skies!
What's the cost of a pilot's licence with a full course ? Could you do a video on that once you do yours in the US . My son wants to do his ,so it will be educational.
Thanks for sharing bro! Way cheaper than I thought! I am also surprised on fuel cost! My cars are more expensive monthly and for fuel haha. Just need to come up with the initial cost of the plane :).
🙏🏽 Definitely excited about your openness to expand outside the Arizona market. Gotta place in southern Colorado I’d eventually like to work with you on
Hey I do got a question. Lets assume an individual has a business (such as yourself) that needs to fly to different locations. However, they also want to invest in a jet and resell it. How can they use this as a tax incentive (or tax write-off) to purchase that jet as business expense but also be allowed to re-sell it for profit?
It saves time so it is financially wise. Wasting time doesn't make money. That's why most elite have them not because of the monetary value but because it saves them time.
Quite impressive but HOW!!?😊 I know it's possible, my colleague at work got her first investment return of 40K after two weeks and she quit the job , I would appreciate if you show me how to go about it..
One thing to consider in hourly cost analysis, is maintenance cost; oil, tires, brakes pads. All which would need to be replenish or replaced before engine overhaul.
True, and there are going to be annual inspections and routine maintenance costs to keep her flying and airworthy. Plus your pilot may well need recurrent training to keep his skills sharp.
Some comments make me laugh. Just ignorant. I couldn’t be happier for your success Ricky. Enjoy the fruits of your labor. You’re self made and THAT is very admirable. Appreciate you buddy.
For who can't watch the whole video: "it cost around 14-20 courses of mine to sold to you".
I easily made 10X what I paid for the course. It’s one of the best financial decisions I’ve made. He makes way more in one day trading then he makes via UA-cam and Course subscribers.
Something that we need to take in calculation - You need to compare these prices to FIRST CLASS prices you are paying when you fly with commercial airplane. You cant compare private jet flight price with economy class commercial flight.
True and to charter a private jet it's about x3 more one way then first class.
I assume Owen takes money? and there is annual servicing? how quickly does Owen show up? if he needs to be booked days in advance and may not even be available the idea or just taking off goes out the window. How often is it actually flown vs cost so what's the real cost for a trip. But sounds like it's fairly manageable. It does run the risk of sudden big cost if an engine needs replacement so you need some surplus in your budget to play with such a costly item. It's not just 1500 a month and 1000 an hour.
whats the most expensive part the hanger? the cost to hire a pilot and engineer? servicing the jet and parts? the fuel?
Love the daily uploads. Thank you so much!
I love that you paid cash for it - no debt.
Even if it's old.. it's still cool.
You should calculate the annual and the OH into the hourly operating cost.
These are the basics you want to consider.
Fuel
Insurance
Hanger rental
Annual....
Alsp AOPA has a great calculator to see what the yearly and hourly cost of an plane is.
Great video. Thanks for the breakdown. Very helpful for someone considering buying a jet.
That’s crazy bro been following for since 2017 year and I started my pilots license last year now you bought a jet really awesome bro 💯
Make sure you sell it before stage checks because those can cost more than the jet is worth at that age. Look into a Lear 45 for your next one! Blue Skies!
First meet Kevin, now Ricky. Guess jet video is the new content du jour
Well deserve Ricky. You worked so hard to deserve this, and deserve even better! You are a truly motivational guy. You are my eye opener! THANK YOU!
Thanks Ricky for sharing your many insights and refreshing views
What's the cost of a pilot's licence with a full course ? Could you do a video on that once you do yours in the US . My son wants to do his ,so it will be educational.
Thanks Ricky!!! Really appreciate you sharing your experience
THANKS Ricky for making this vid. VERYY INSPIRATIONAL
Congratulations !
I am happy for you.
🤣🤣🤣 what a looooser
You could build your own hangar.
So cool! Inspiring.
Thanks for sharing bro! Way cheaper than I thought! I am also surprised on fuel cost! My cars are more expensive monthly and for fuel haha. Just need to come up with the initial cost of the plane :).
he forgot to tell you about maintainence which is another 800-1200/hr
🙏🏽 Definitely excited about your openness to expand outside the Arizona market. Gotta place in southern Colorado I’d eventually like to work with you on
mpg?
Where the hell are finding JETA for $4 in this economy ?? 😂
Go Ricky go 👏, love it Sir
The only jet I see behind you is the GTR.
and I want one
Very inspirational video, keep growing as a person and as an investor. Thank you so much Ricky.
Tym is money,when one is expanding...thts tht most valuable piece of the equation..n when u can ,one should...Go get it ,Ricky
To own a jet is the coolest thing ever! 👍😎
Saw you at Santan yesterday. Didn’t realize how tall you are lol
Very inspirational, I really needed this. Thank you so much, Ricky.
Big boss Ricky love to see it!
Thanks for sharing 😊
Hey I do got a question. Lets assume an individual has a business (such as yourself) that needs to fly to different locations. However, they also want to invest in a jet and resell it. How can they use this as a tax incentive (or tax write-off) to purchase that jet as business expense but also be allowed to re-sell it for profit?
There must be additional charges like. Arrival airport parking. Regular Maintainance. Engineers cost.
Nope. Not when I have the hangar.
@@RickyGutierrezz nope, not when i have the hanger. tf kind answer is that?
Very inspirational
How much did it cost to buy this 35 years old JET?
Tell us what it cost after two years?
Ricky what about the pilot clases? Are you taking the classes yet? Remember, That was your goal for 2023 :)
More videos like this. Good stuff
People fly old planes nothing is wrong with them
Owning a private jet won’t ever be a financially wise investment. Likewise with exotic cars. Collection items are rare exceptions!
It saves time so it is financially wise. Wasting time doesn't make money. That's why most elite have them not because of the monetary value but because it saves them time.
@@pierredclark you own your own jet or just talk out of your derrière? What’s your financial break even analysis, Einstein?
@@TanSpaceX I don't own one but know a few who do.
@@pierredclark BFD! I rubbed elbows with a few billionaires who don’t own one! Do you have a financial break even analysis, Einstein? I’ll wait! 🤣
@@TanSpaceX you rubbed elbows? Im just telling you what my friends who own them tell me
That’s pretty cool. Can I come have a look 😂😅
Can You Gift Me One? Just One
That’s cool! You did not show the interior, I was excited to see it .
🙌🏻 *Despite the financial instability all over the world, I’m so excited I’ve been earning $45,000 from my $10,000 investment every 10days...*
Quite impressive but HOW!!?😊 I know it's possible, my colleague at work got her first investment return of 40K after two weeks and she quit the job , I would appreciate if you show me how to go about it..
What about airport fees and all that stuff ?
None when you’re in the hangar
@@RickyGutierrezz so when you land let’s say in Lax you don’t pay fees to use the airport to land or park there ?
You forgot maintenance/servicing costs
Does an helicopter consume less than a jet?
Congratulations 👏👏👏
How much does it cost to take off and land at airports ?
Good luck to you all.
Iloveyouuuuu ✌️👀❤️
WOW...
❤️❤️
First to like and comment ❤❤❤
first here😇
👍👍👍
First
do something positive for the planet