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Reply to "Business or First class international airfare"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Over $20 million NW and always fly coach. We’re a short family (so leg room doe sad Much thanks matter so much) and no particular physical needs. [/quote] This is very interesting. I fly about twice a month for work and my company pays for first or business class regardless of distance or destination. On top of this, I fly with my family about six times a year. We always fly first or business class; seems weird I would do it for work but not for personal. I guess I’m only MC by DCUM standards with an HHI of $550K and a NW of $5M. Most of our business class is covered by FF miles or Global Services elite upgrades on United, but we still have a $50K / year travel budget to spend on first and business class, when necessary. What do you plan to do with $20M in NW if not to live a little. Flying coach is like living in high density, low cost, suburban housing. Do people actually enjoy this? More seats for me and my kids, though…. Thanks![/quote] DP here but with similar net worth. We do international travel for vacations about twice a year. However, we have always flown coach. Neither of us have any business travel so we don't earn points/miles that way, and our vacation travel also too infrequent. We don't generally budget - the concept is irrational to us, but to each their own. We spend money on things that bring us value that is congruent with the cost, and business class vs coach just doesn't work out on that front. For our most recent 2-week trip to Europe, coach tickets were about $4k, and business class would have been somewhere around $18k-$22k. This was a 9 hour flight. To put that into perspective, that's about $7.40 per minute per person just to enjoy the comforts of sitting/sleeping in business class. Jetlag is going to be an issue regardless of how much rest you get on the plane. That $16k is just going to be *FAR* more enjoyable elsewhere on the trip - 5-star accommodations, show tickets, fine dining, exclusive excursions, etc. Sure, with relatively high networth, we could afford all of those things in addition to paying $16k on business class, but one of the reasons we've been able to build our NW is to not waste it on things that don't bring us enjoyment that match the cost.[/quote] I generally agree with this and it is how we do things except when international is under $8-10k for business class for four. So, if the coach seats are $4k to Europe but the business class are double the cost at $8k, I will sometimes do it. But if they are $16k, I won’t.[/quote] Pp here. My costs are also for 4 people. I would have to think about it if Business was "only" 2x more. Still, dropping $4k a day in an European city is going to guarantee a wildly good time. Business class is just "meh". I think I would be okay with an extra 500 a person for a transatlantic flight.[/quote]
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