Private jet expert destroys noobs

Why did you have a private jet? Yet, because it's the stupidest investment in history, you're going to spend $25 million on something that is going to cost you almost $10 million a year.

It's okay; the guy completely doesn't know what he's talking about. It does not cost $10 million a year to operate it, and it's not an investment in the airplane; it's an investment in your time, in your business, and what you can accomplish by having the jet.

It's worth you getting on that jet for $800,000 a month. He is smoking something because there's no airplane that is going to cost them $800,000 a month based on a purchase price of $25 million.

$30,000 a day, okay? A $25 million airplane, if you finance, let's say half of it, maybe it can cost you $400,000 a month, which is about $45 million. That includes financing, but most people pay cash for the airplanes, which reduces your operating cost to $250,000 a month, $3 million a year.

That is an ultra long-range, top-of-the-market airplane, but most people are flying around in small jets.