{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Moneywise","title":"How Much Does It Really Cost to Fly Private?","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/4ba4a608\"></iframe>","width":"100%","height":180,"duration":2129,"description":"127 founders (net worth: ~$1M–$100M+) opened up their personal books. Want to see how your finances stack up? https://www.joinhampton.com/wealth-report\n\nIs flying private a waste of money, or the ultimate time hack for the ultra-wealthy? In this episode, we break down what it really costs, who it makes sense for, and why even billionaires think twice.\nHere’s what we talk about:\nPrivate aviation expert Preston Holland explains the true cost of flying private, from charter to full ownership.\nWhen does it make financial sense? Around $2M in income and $20M net worth.\nWhy fractional ownership is trending, even for people who can afford full planes.\nGuests like Andrew Wilkinson, Josh Payne, and Nick Huber share how and why they fly.\nThe real costs: pilots, insurance, hangars, maintenance, and depreciation.\nWho flies private most: rural founders, franchise owners, post-monetary entrepreneurs.\nFlying yourself? FinTech founders and control freaks, take note.\nA PSA: Jets don’t make money, don’t fall for “fly for free” scams.\nJackie reflects on patience vs. buying back time.\nCool Links:\nHampton https://www.joinhampton.com/\nLower Street https://www.lowerstreet.co/\nPreston’s Twitter https://x.com/prestonholland6\nPreston’s Newsletter: https://prestonholland.com/bio\n\nChapters:\n(00:00) Introduction and Andrew Wilkinson's Private Flying Experience\n(00:48) Exploring the Costs and Benefits of Flying Private\n(01:51) Types of Private Jet Ownership\n(03:12) Chartering vs. Owning: Financial Considerations\n(05:06) Fractional Ownership and Co-Ownership\n(07:52) Full Ownership: Pros, Cons, and Costs\n(12:28) The Realities of Owning a Private Jet\n(15:16) Entrepreneurs and Private Flying\n(32:20) The Environmental and Financial Costs of Private Jets\n(34:41) Conclusion and Final Thoughts\n\nThis podcast is a ridiculous concept: high-net-worth people reveal their personal finances. Inspired by real conversations happening in the Hampton community.\n\nYou Host - Jackie Lamport\nNot really the host,...","thumbnail_url":"https://img.transistorcdn.com/vCvB-0dtzg339Iof9Uhri-E5Cu1YvE_goNcKch75CeI/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83ZTZj/OWRiMTI3NjI1YWUy/MWY4ZWJkOTU2YzFl/NzE0Mi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}