2 ms·
$14MM isn't really as much as some folks seem to think. As you point out, there are expenses associated with having that much money. There are constraints to wh
by KGIII 9y ago
$14MM isn't really as much as some folks seem to think. As you point out, there are expenses associated with having that much money. There are constraints to what you can spend while still having enough money to work for you, so that you don't have to.
Buying a jet, with just that much money for assets, is probably a bad choice.
You're going to want a house, perhaps more than one. You're going to want someone to manage your assets. You're going to want vehicles. You're going to want to do something to increase your security. You're going to want to keep at least one lawyer on retainer. Things like that...
What that money is enough to do is make more money. Once you have a goodly amount of capital, it becomes much easier to make more money.
So, instead of them buying a jet, they should hire a good finance manager and lots of insurance. I'd also recommend living frugally while using the bulk of their newfound wealth to increase their wealth.
$14MM is good money but it's not really 'fuck you' money. If they insist on buying a plane, I'd recommend a used Piper Cub. That's about all they can realistically afford, at least at first.