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What kind of TC should one have before buying your own airplane? Typical costs for a recreational flyer can be around 30-40k a year for a fast single or twin. TC: peanuts
Sell the peanuts to buy a plane.
Absolutely, do this at a scale.
My next door neighbors growing up had a hobby plane and they were a nurse and a city assessor with 4-5 kids. (In other words, you don't need much TC at all.)
Find someone to go 50:50 on it
For a PJ, plan on 750k - 1M a year in operating costs. Back into required net worth based on your yearly spend and preferred safe withdrawal rate.
Buying an airplane is easy, the hard part is finding a hangar to store it. Usually airports have a waiting list where you are basically waiting for someone to kick the bucket to free up a hangar.
I know someone who built his own ultralight and flies it around, probably made it for less than 20k
What’s the cost of dying at 30?
As the old saying goes, if you have to ask, you can't afford it.
The question is not the price, it's more about financial planning. Is it worth spending say 20% of your disposable income on a hobby?
You can get old Cessna for 25k +
@OP my answer still stands. Read my answer again.
TC won't get your own plane. That is your own businesses generating money to support that lifestyle
You can buy a piper archer for around 120k, that is definitely a viable purchase on a swe salary, but long term costs can be higher. I am only talking about recreational flying, and I know university professors who own airplanes