123: Why You Don’t Have to be Rich & Famous to Fly Private with Nik Tarascio
2023-03-02
How much money do you really need to fly private? It turns out, you don't need as much as you’d think.
When I was younger, I often wondered, how in the world does someone afford a multi-million dollar plane? I used to think you had to put $15M down to buy one. The reality is, most people finance it over time, and in the process, they take advantage of some serious tax write-offs.
Imagine for a moment that you had a BIG exit. Amazing! Except there’s one problem. Now you have to worry about a huge tax liability. I can’t tell you the number of business owners who get nailed with an insane tax bill because they didn’t have a plan in place.
Luckily, through the power of accelerated depreciation, financing a plane is one way to offset the amount you’d need to fork over to Uncle Sam. Not only that, but it offers some pretty cool benefits from a lifestyle perspective.
Am I suggesting that everyone go out and buy a plane? Absolutely not. BUT, it’s worth noting that it’s not just an option reserved for the rich and famous. You’d be surprised at all the different ways you can be an owner—and we’ll uncover those options (and a whole lot more) on today’s episode.
I’m talking with Nik Tarascio, who grew up in the aviation business and has been flying planes since he was in grade 3. He’s now the CEO of Ventura Air Services, an aviation company that he scaled to unprecedented heights during the pandemic, defying industry odds by doubling its fleet despite the steep drop in travel.
In today’s conversation, you’ll learn.
✅ Why you don’t have to be a billionaire to enjoy the freedom of private aviation.
✅ The tax benefits to buying a plane—and how it’s done!
✅ Why true joy is not found in material pursuits but in meaningful relationships and sharing experiences with those closest to you.
Free Gift
Nik is sharing a simple to understand PDF report that outlines the major benefits to owning your own plane.
To get access to this gift, visit LifestyleInvestor.com/123
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit LifestyleInvestor.com/123
Get the Lifestyle Investor Book!
To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedom visit LifestyleInvestor.com/book
Rate & Review
If you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device.
You can also help by providing an honest rating & review. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!
Connect with Justin Donald
- YouTube
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
More Episodes
Get this podcast on your
phone, FREE
