March 31st, 2012 
Amber Cook 
Having a Citation V Twin Jet is awesome. It’s also really cool to own a Gulfstream G550 or a Dassault Falcon 7X. But owning a private luxury jet is one thing, maintaining and running one is an entirely different matter. While a relative few people actually own these super expensive aluminum tubes with turbofan engines attached, everyone knows they’re super expensive to operate. How expensive? Operating costs can range from $2,500 to over $10,000 PER HOUR depending on the type of private jet – and that doesn’t include the initial cost of the jet, it’s maintenance or upkeep. Those numbers are scary big.
But believe it or not, private jets are relatively easy to justify if you have the cash (or financing) to buy one, just like almost everything else that falls into the luxury category.
Let’s say your the CEO of a huge company and you make $5 million per year with a $3.5 million annual bonus. That means
Tags: Jet
When the Credit Card Accountability, Responsibility, and Disclosure Act (CARD Act) took effect in February of 2010, many assumed that consumers would benefit from the proposed changes. Congress concluded that certain practices in the credit card industry were not fair or transparent enough and caused consumers unexpected financial hardship. While consumer advocates applauded the changes, according to a recent American Marketing Association Journal study, the CARD Act may be having some negative results. The intent of the legislation was to spur better financial decisions by consumers, but this isn’t reflected in the report.
