The Cost Of Flying Private
Summary
I pay $4,500 per hour to fly on a private jet. A round trip that takes 2 hours one way ends up costing me $18,000 since it's a total of 4 hours.
You might wonder why spend that much. The reason is time. If a flight helps me work another day, and if I earn more than $18,000 a day, it justifies the cost.
The key takeaway is understanding value for time. If the cost of saving time is less than the money you can make with that time, it's a worthwhile investment.
Video
How To Take Action
I would suggest implementing the concept of valuing your time like I do with private jets. For entrepreneurs or small business owners, start by calculating your hourly rate. Figure out how much money you make or could make in an hour of focused work. Once you have this number, evaluate activities or expenses based on whether they save you more time than their cost.
A good way of doing this is to delegate tasks that others can handle just as well or better than you. If paying someone $20 an hour allows you to focus on work that earns you $100 an hour, it's a great trade. This principle can apply to both business tasks and personal chores.
Another strategy is to audit your time weekly. Look for activities that don’t add much value or can be more efficiently managed. This doesn't just apply to work hours; it also applies to personal time. Maybe you can cut down on social media scrolling or streamline meal prepping to save minutes that add up.
Also, invest in tools or apps that can automate repetitive tasks. The upfront cost might seem like an expense, but if it pays off in saved hours you can reinvest into higher-value work, it's worth it.
Understanding and leveraging the true value of your time can be a game-changer. Use it wisely and always look for ways to maximize its efficiency.
Full Transcript
you know I always saw these private jets and and I just I never knew how much it cost here's how much it costs I pay $4,500 an hour I have a round trip 2hour flight so it's 4 hours so I paid $88,000 for this flight it's 18 Grand that's how much it does and you might be like why would you do that well I can work for another day for this particular flight so as long as I can make more than $118,000 in a day it's worth it
