Democrats want us to believe that there is some cohort of “good billionaires” who can be relied upon to fight for political progress. But as the right-wing turn of tech billionaires like Mark Zuckerberg and Elon Musk suggests, this is nonsense.
You realize you have to pay every year for dockage, fuel, maintenance? You should not exceed a 4% withdrawal rate, so if your life roll is 10M, do not spend more than 400K a year. But 4% withdrawal indexed for inflation doesn’t survive the worst recessions so realistically 300K
Are we really spending $100,000 a year on a yacht?
Depends on the yacht. And, depends on your definition of expensive. Either way, it’s less than you think, depending on the yacht—which is a broad term.
I’m gonna be that guy… but yes you can.
What many perceive as Yachts, the big boats that the ultra wealth have, are not the sole size of yachts.
This is a yacht for under 600k
https://fgiyachtgroup.com/yachts-for-sale/opus-one-440996/
You realize you have to pay every year for dockage, fuel, maintenance? You should not exceed a 4% withdrawal rate, so if your life roll is 10M, do not spend more than 400K a year. But 4% withdrawal indexed for inflation doesn’t survive the worst recessions so realistically 300K
Are we really spending $100,000 a year on a yacht?
Seriously… how much do people think yachts are. Not everyone is buying bill gates’ $500m yacht.
They are very expensive to maintain
Depends on the yacht. And, depends on your definition of expensive. Either way, it’s less than you think, depending on the yacht—which is a broad term.