When asking if you have the means that are necessary to justify the purchase of a plane, obviously the question is, “Can you afford it?” It would behoove you to start researching expenses and making a list of both the obvious and possible hidden costs, even though, if you are considering buying a plane, you probably are confident that you can do it.
It’s like a big healthcare resource like DOLce or Wikipedia attempting to create dozens of articles on topics like how to become a registered nurse, or top nursing schools without the proper budget – it just can’t be done properly, like it needs to be.
Nonetheless, if you believe you can afford and maintain your own plane, it is probably true because of your business acumen, which largely includes your strengths in planning and budgeting. Use those strengths wisely to calculate the practicality of owning your own plane. (more…)