Aircraft Ownership: The Cost Beyond The Purchase
Manage episode 437639059 series 3532176
Join Timothy P. Pope, CFP®, as he welcomes Kevin Walker to the Pilot Money Podcast for an enlightening conversation about aircraft ownership. Kevin, with his extensive experience as an air traffic controller and a general aviation pilot, shares his perspective on owning various types of aircraft over the years.
In this episode, Kevin describes his personal journey in aviation, from the early influence of his father to his multiple aircraft ownership experiences. He discusses the practical aspects of owning and operating different aircraft and provides valuable insights on the financial, operational, and emotional facets of ownership.
What You'll learn from this episode:
- Journey Through Aviation: Hear how Kevin's background and family ties to aviation shaped his path and led him to own multiple aircraft.
- Ownership Realities: Learn about the financial realities of aircraft ownership, including unexpected costs and budgeting for maintenance.
- Co-ownership vs. singular ownership: Kevin reflects on the benefits and challenges of sharing aircraft ownership versus having one all to yourself.
- Practical Tips for Buyers: Gain tips on selecting the right aircraft for your needs, considering mission, budget, and future goals.
- Emotional Rewards of Flying: Despite the costs, Kevin shares why the freedom and joy of flying make ownership worth it.
Join Tim and Kevin as they explore these topics, offering both seasoned and aspiring pilots a comprehensive look at what it really means to own an aircraft.
Resources:
Kevin Walker LinkedIn
Beacon Relocation
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Our Practice’s Website
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Timothy P. Pope is a Certified Financial Planner™and principal owner of 360 Aviation Advisors, LLC (“360 Aviation Advisors”), a registered investment advisory firm. Investment advisory services are provided through 360 Aviation Advisors, in its separate and individual capacity as a registered investment adviser. Podcast episodes are provided through Pilot’s Portfolio, in its separate and individual capacity.
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35 episodes