Could it actually be more economical for UMC families to charter a private jet together?

[Anonymous]

I have a few friends who are commercial pilots and flight instructors and they say they don’t trust the people flying these private planes and helicopters.

[Anonymous]

Anonymous wrote:I have a few friends who are commercial pilots and flight instructors and they say they don’t trust the people flying these private planes and helicopters.

Why?

[Anonymous]

Anonymous wrote:

Anonymous wrote:My ILs went in on a private jet with another family. My nephew is a pilot.

However, they are NOT UMC. They’re worth at least $7M.

$7MM is UMC around here... for full networth of a couple including retirement.
No way is that considered "rich"...

By whom?

[Anonymous]

Anonymous wrote:

Anonymous wrote:My ILs went in on a private jet with another family. My nephew is a pilot.

However, they are NOT UMC. They’re worth at least $7M.

$7MM is UMC around here... for full networth of a couple including retirement.
No way is that considered "rich"...

If you were to invest $7M, and draw 2%, that would give you at least $140,000 income for at least 50 years.

[Anonymous]

Millionaires are not the UMC, they are the UC.

People here are so out of touch it is ridiculous.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My ILs went in on a private jet with another family. My nephew is a pilot.

However, they are NOT UMC. They’re worth at least $7M.

$7MM is UMC around here... for full networth of a couple including retirement.
No way is that considered "rich"...

BULLSH*T!

[Anonymous]

Anonymous wrote:

Anonymous wrote:My ILs went in on a private jet with another family. My nephew is a pilot.

However, they are NOT UMC. They’re worth at least $7M.

$7MM is UMC around here... for full networth of a couple including retirement.
No way is that considered "rich"...

No

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My ILs went in on a private jet with another family. My nephew is a pilot.

However, they are NOT UMC. They’re worth at least $7M.

$7MM is UMC around here... for full networth of a couple including retirement.
No way is that considered "rich"...

If you were to invest $7M, and draw 2%, that would give you at least $140,000 income for at least 50 years.

…and $140,000 a year isn’t rich.

[Anonymous]

From an environmental point of view it's not worth it. But that will not interest you.

[Anonymous]

Anonymous wrote:From an environmental point of view it's not worth it. But that will not interest you.

Yeah, we're on page 3 before someone points this out. But they don't care.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My ILs went in on a private jet with another family. My nephew is a pilot.

However, they are NOT UMC. They’re worth at least $7M.

$7MM is UMC around here... for full networth of a couple including retirement.
No way is that considered "rich"...

If you were to invest $7M, and draw 2%, that would give you at least $140,000 income for at least 50 years.

…and $140,000 a year isn’t rich.

It’s not, but if you have housing and healthcare taken care of and you don’t have to work, it can be pretty comfortable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My ILs went in on a private jet with another family. My nephew is a pilot.

However, they are NOT UMC. They’re worth at least $7M.

$7MM is UMC around here... for full networth of a couple including retirement.
No way is that considered "rich"...

If you were to invest $7M, and draw 2%, that would give you at least $140,000 income for at least 50 years.

…and $140,000 a year isn’t rich.

Why would you only draw 2%?

4% would give you $280k and you should be able to do that without decreasing the principle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My ILs went in on a private jet with another family. My nephew is a pilot.

However, they are NOT UMC. They’re worth at least $7M.

$7MM is UMC around here... for full networth of a couple including retirement.
No way is that considered "rich"...

If you were to invest $7M, and draw 2%, that would give you at least $140,000 income for at least 50 years.

…and $140,000 a year isn’t rich.

$140k/year passive income in a paid-off house is rich, yes. Remember we’re assuming the person drawing the income doesn’t work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My ILs went in on a private jet with another family. My nephew is a pilot.

However, they are NOT UMC. They’re worth at least $7M.

$7MM is UMC around here... for full networth of a couple including retirement.
No way is that considered "rich"...

If you were to invest $7M, and draw 2%, that would give you at least $140,000 income for at least 50 years.

…and $140,000 a year isn’t rich.

$140k/year passive income in a paid-off house is rich, yes. Remember we’re assuming the person drawing the income doesn’t work.

np. We have a $3M portfolio and a paid off house. Most of the investments are in retirement accounts, and they're almost 100% stocks. If our investments generate 5%, then I guess that's $150k passive income.

We have a combined earned income of about $250k, of which we try to keep contributing a good amount to retirement accounts. The fact that the investments have been flat, overall, for over two years now, plus the rising prices on everything, has made us feel very, very un-rich.

We've got three college educations starting in two years to think about.

[Anonymous]

There is *so* much Covid money sloshing around Washington and state capitols right now. People are getting paid, often people you least expect. When you see a flashy chartered jet for a family vacation, that is evidence of a recent windfall.