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How about this for an airfare budget?
Old 06-18-2007, 09:39 AM   #1
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How about this for an airfare budget?

http://www.latimes.com/business/la-f...lines-business

"In one recent divorce, the entire settlement was hung up on the issue of whether the former wife would be given $500,000 or $750,000 a year to cover first-class air travel, says Ken Burrows, an attorney who handles hedge fund divorces in New York and Connecticut."

Sigh...Must be nice to have an annual airfare budget of $750k for 1st class travel.
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Old 06-18-2007, 10:48 AM   #2
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"In one recent divorce, the entire settlement was hung up on the issue of whether the former wife would be given $500,000 or $750,000 a year to cover first-class air travel, says Ken Burrows, an attorney who handles hedge fund divorces in New York and Connecticut."
Yet another strong argument for staying single if your skills go beyond attracting people of the opposite sex.

Also a strong argument for getting married if your skills lie mainly in sexual attractiveness.

Ha
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Old 06-18-2007, 11:13 AM   #3
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If you're going to spend $500K+ on air travel, why the hell would you fly commercial?
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Old 06-18-2007, 11:18 AM   #4
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If you're going to spend $500K+ on air travel, why the hell would you fly commercial?
Do you think they let her entourage fly for free in 1st class?

Either that...or she needs to fly a few of her prospective husband replacements 1st class on a few overseas trips to manipulate and fool them into thinking she has money so they can be the next suckers wine and dine them as they court each other so she can find another bank account "true love" ...
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Old 06-18-2007, 11:24 AM   #5
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I'm guessing by "1st class airfare" they mean private jet. Difficult to spend $500K a year on first class tickets. Easily done with private jet travel. Private jet travel is like $4K per flight hour.
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Old 06-18-2007, 11:51 AM   #6
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Yet another strong argument for staying single if your skills go beyond attracting people of the opposite sex.

Also a strong argument for getting married if your skills lie mainly in sexual attractiveness.

Ha
Single it is...
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Old 06-18-2007, 01:17 PM   #7
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Sigh...Must be nice to have an annual airfare budget of $750k for 1st class travel.
Those NetJets shares ain't cheap-- and once you've flown NetJets, how can you fly anything else ever again?
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Old 06-18-2007, 02:05 PM   #8
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Those NetJets shares ain't cheap-- and once you've flown NetJets, how can you fly anything else ever again?
I guess we should ask Tiger Woods, a well-known NetJets customer..........

When asked why he didn't just BUY ONE, his answer?

"Are you kidding me, those things are EXPENSIVE"!!!

(And he makes $100 MILLION a YEAR)
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Old 06-18-2007, 02:43 PM   #9
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Those NetJets shares ain't cheap-- and once you've flown NetJets, how can you fly anything else ever again?
You might be able to.

I did work for a client who refused to fly commercial for safety concerns (worried about terrorists) and he liked being able to pull up to the airport 5 minutes before you were supposed to leave. So he bought a netjets share which worked great for two and three hour domestic flights.

Then he took his six seater to Europe. One trip across the North Atlantic with some foul weather thrown in was enough to convince him that he will stick to short domestic flights in his "little plane" and suffer through first class on the international flights.
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Old 06-18-2007, 07:06 PM   #10
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I guess we should ask Tiger Woods, a well-known NetJets customer..........

When asked why he didn't just BUY ONE, his answer?

"Are you kidding me, those things are EXPENSIVE"!!!

(And he makes $100 MILLION a YEAR)
Who, among celebrities, LBYM? Who are the best money managers? I've heard Madonna is pretty savvy........
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Old 06-19-2007, 09:09 AM   #11
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I'm guessing by "1st class airfare" they mean private jet. Difficult to spend $500K a year on first class tickets. Easily done with private jet travel. Private jet travel is like $4K per flight hour.

Have you ever looked at the price of actually buying a first class ticket? LAX - NYC is easily $5K. NYC to paris or london is almost double that. Throw in a guest or two and it can be done.
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Old 06-19-2007, 11:04 AM   #12
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Who, among celebrities, LBYM? Who are the best money managers? I've heard Madonna is pretty savvy........
http://money.cnn.com/2007/06/14/commentary/sportsbiz/index.htm?cnn=yes

Sounds like LeBron James is very open to being among the most financially astute (which could be said about anyone that wants to meet with Warrent Buffet)....and he's just 22!
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Old 06-19-2007, 11:06 AM   #13
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Have you ever looked at the price of actually buying a first class ticket? LAX - NYC is easily $5K. NYC to paris or london is almost double that. Throw in a guest or two and it can be done.
Newark-Honolulu is 10.5 hours, $2500, and worth every freakin' penny.
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Old 06-19-2007, 11:49 AM   #14
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I always fly first class when available and my tickets are usually in the $1500 per seat range. I imagine if you fly overseas first class it could rack up quickly, but you'd have to fly a couple times a week with friends domestically to get > $500K.
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Old 06-19-2007, 06:45 PM   #15
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Folks of lesser means squabble over who gets the frequent flyer miles, really!
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Old 06-19-2007, 06:59 PM   #16
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LeBron*eyes Buffett as model as he shoots for a billion - Jun. 14, 2007

Sounds like LeBron James is very open to being among the most financially astute (which could be said about anyone that wants to meet with Warrent Buffet)....and he's just 22!
Would that be the same LeBron James who did this?
Beacon Journal | 03/27/2007 | King James builds a castle of a home

Apparently he wasn't listening when Warren was speaking.
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Old 06-20-2007, 09:31 AM   #17
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Would that be the same LeBron James who did this?
Beacon Journal | 03/27/2007 | King James builds a castle of a home

Apparently he wasn't listening when Warren was speaking.
I think that still counts as LBYM

How many of us can claim that our homes cost probably 25% or less of one year's earnings?
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Old 06-20-2007, 10:16 AM   #18
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LeBron*eyes Buffett as model as he shoots for a billion - Jun. 14, 2007

Sounds like LeBron James is very open to being among the most financially astute (which could be said about anyone that wants to meet with Warrent Buffet)....and he's just 22!
He's got a LONG ways to a billion, while Tiger Woods is about halfway there..........

Tiger paid cash for almost the stuff he has. When asked why, he said: "I'm not a big believer in debt"...........sounds like Mom and Dad gave him a few life lessons...........
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Old 06-20-2007, 12:19 PM   #19
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Sigh...Must be nice to have an annual airfare budget of $750k for 1st class travel.
But at the same time, these folks are getting divorced and presumably have some measure of unhappiness.

I'll take my happily-married, low-stress, lesser-means lifestyle over that situation any day.

- John
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Old 06-28-2007, 07:34 PM   #20
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