I mean they’re a group of lawyers, it’s self made money, not donations, not taxpayer money. They should do as they please.
@Anthony-nx5yu5 жыл бұрын
Andrew lol tag him, I thought that was for me
@aahsimovieprojects5 жыл бұрын
sorry about that haha, definitely not for you
@pacoramirez73635 жыл бұрын
When you blow your travel budget for the month and you have to stock your private jet with Walmart brand snacks.
@frisbeeeater5 жыл бұрын
Paco Ramirez loool right? And seriously can’t afford a flight attendant for $100 a fight?
@AJ12Gamer5 жыл бұрын
Great advertisement CNBC. People noticed and are talking about it.
@kalebhgoodwin5 жыл бұрын
Great Value is the cheapest walmart brand too. So ironic. Lol
@Asteroid_Jam5 жыл бұрын
Well the jet is for money saving so they have to cut costs where ever they can.
@DavidDavid-fp6gv5 жыл бұрын
@@frisbeeeater y have a flight attendant? They take up space and Waste money all they do is babysit People on commercial flights
@disciprine5 жыл бұрын
This video "We're totally doing work on the plane guys and not cocaine!"
@geoffreycharles63305 жыл бұрын
I'm pretty sure they're doing each other on that plane too.
@geoffreycharles63305 жыл бұрын
@NonyaBusiness! you're right though
@Asteroid_Jam5 жыл бұрын
NonyaBusiness! I don’t think god would want them to be doing coke.
@MattSezer5 жыл бұрын
It's probably cheaper than paying their attornies the increased cost of living that they'd have to spend if they lived in Silicon Valley rather than Texas.
@Asteroid_Jam5 жыл бұрын
Matt Sezer if you are from Texas you do not leave Texas. Most Texans do not leave Texas
@devin12345 жыл бұрын
Matt Sezer Yup, rent is soaring here in Silicon Valley
@FlightX1015 жыл бұрын
@@devin1234Anywhere near Silicon Valley is death lol. Assuming these lawyers would get luxury apartments. Plus they would have the deal with traffic constantly. To their benefit they get to bill their clients the flight hours as they work so they still make money :)
@evanserickson5 жыл бұрын
Rent is the only thing in CA that is expensive. Everything else is normal price.
@Apologue5 жыл бұрын
*the poor sell time, the rich buy time*
@eldiantre73465 жыл бұрын
These rich guys are selling their time too. Its just that their time is so valuable they can justify expensive time saving purchases like a private jet.
@anguspontin72445 жыл бұрын
These guys do both - middle class
@rock3tcatU2335 жыл бұрын
Cash money, ain't nothin' funny.
@MacSaab935 жыл бұрын
The savings is even more because they're not accounting for the cost of commercial tickets for 9 people as well.
@chad58935 жыл бұрын
They did, they said round trip commerical for 9 people is around $17,000, that was their basis to factor in wether or not the jet was cost efective
@danielduffield31325 жыл бұрын
Wrong. The cost of flying 9 people on "the bus" is about $17,000 round trip (which includes gas and pilot expenses). That is almost assuredly more expensive than commercial flying for them, BUT they justify it because they can charge billable hours and get work done on the way, whereas with commercial flight, due to the confidential nature of their work, they couldn't.
@Revel4tions5 жыл бұрын
The cost for someone to fly from texas to cali in business class is like $700-1000 so they saved an additional $5-6k
@FlightX1015 жыл бұрын
@@danielduffield3132Agreed. Cons- Upfront cost of buying a jet Pros- Fly Whenever, Billable Hours, No Lines saving hours of time, protecting the security of trade secrets and documents (imagine a case of lost luggage lmao that would be a nightmare for the firm)
@jostsomuan80125 жыл бұрын
I like how this gentlemen invested their money on something that would be beneficial for the company and not just waste the money on other luxurious things. They do not need designer clothing.
@adamtel35215 жыл бұрын
Better then the pastor who bought a jet. These guys are doing business. “Smart”
@aced98524 жыл бұрын
John Wayne 😂😂
@funny-video-YouTube-channel5 жыл бұрын
*Rent it out,* there is a renting app for business jets.
@RussianSpy41465 жыл бұрын
epSos.de what’s it called?
@Maurazio5 жыл бұрын
if renting out means having it blocked already weeks in advance it might not really work for them
@IKonrad1125 жыл бұрын
@NonyaBusiness! Net jets costs $6,000 to $8000 an hour, and members must buy at least 25 hours per year. That's $150k to $200k a year, minimum. The video claimed they fly once a month from Houston to San Jose/ San Diego. That is roughly 3.5 hours and 1 hour out, plus 3 hours back. That's 7 hours a month, roughly 84 hours a year. This firm claimed they spend $17k per trip or $204K per year ALL IN, meaning reserves, crew, and fuel. To fly that same amount of time on Netjets would cost $504K to $672K per year. Netjets typically begins to discount your hours above 100 annual hours. Unless you're only flying 30 or less hours, Netjets does not make sense financially- unless you cant afford a jet's upfront costs. If you buy big chunks of hours like, 100 or 200 hours, for your company to share or if you need multiple jets around the world, then Netjets is perfect. Other than that, its WAY to expensive.
@FlightX1015 жыл бұрын
@@MaurazioThey could but based on the interview it seems that the need to be flexible to visit a client at any time
@Rickiye5 жыл бұрын
Is it just me or does that blue like towel on the jet's couch seat look tacky..
@seanng335 жыл бұрын
They are just advertising their company, I doubt it's a permanent fixture
@ZacharyLaid5 жыл бұрын
That sweet write off Grant Cardone gets for his jet fuel.
@AmaniLindsey5 жыл бұрын
Zachary Laid Finding Freedom facts I seen that Vlad interview
@HyperisticNiku5 жыл бұрын
Friend:How is your new job? Me:Nothing much I just take a jet to work.
@mohaamd_75055 жыл бұрын
I think your supposed to use colon instead of a dash in this context.
@whitemailprivilege28305 жыл бұрын
Mohaamd_7 he cant use it because he has colon cancer
@Glotch5 жыл бұрын
This is an incredibly smart business move
@ninjanerdstudent69375 жыл бұрын
Thanks for posting. Now we know which aircraft to bug.
@AJ12Gamer5 жыл бұрын
😂🤣😂🤣
@krazzielaosboi5 жыл бұрын
17k roundtrip to fly 9 people on a private jet once a month not too bad for a company considering operation cost on these birds cost 4000-6000k per hour.
@oldtwinsna83475 жыл бұрын
Meh, they just bill their clients for the cost so not an issue. Good lawyers are worth their weight in gold. Very few of them out there despite a sea of mediocre lawyers.
@roveism5 жыл бұрын
I like how they had to have a rock and roll background music to cover up the utterly lifeless soul crushed voice of the lawyers explains why it makes financial sense to own a plane...zzzzz
@Puppygirl-hj1tn5 жыл бұрын
I appreciate you guys sharing the digits. It’s fascinating.
@SC-yw5ve5 жыл бұрын
They all have such sparkling personalities.
@jostsomuan80125 жыл бұрын
I loved this videos so much. It makes me feel like o could one day buy my own jet. Like if it was not as hard I people think of it to be.
@lulalula28515 жыл бұрын
3million jet with Walmart great value chips 😹😹😹😹
@RofuRofu225 жыл бұрын
Hater 👎
@edr.26425 жыл бұрын
Like what he said, the plane is for business use.
@AM-lx3ob5 жыл бұрын
3 million is a “Walmart price” for a business jet that can fit 9 people. 😂 A high end one could easily cost 50 million....
@tc474405 жыл бұрын
I noticed that as well!
@AJ12Gamer5 жыл бұрын
Great advertisement CNBC. People noticed and are talking about it.
@SRTUV15 жыл бұрын
*Wendover Productions just released a video explaining why*
@CivilAviation15 жыл бұрын
If you want to make money you gotta spend money. If you have yozr own jet it's available 24/7 and you don't have to rely on any charter firm.
@samsteel44565 жыл бұрын
Literally shut the video off half way through because the music blew out my speakers while the talking could barely be heard. Rethink your audio editing.
@David-jj7dy5 жыл бұрын
yeah tell these people to get it right and redo the video if they want us to watch just how great they are doing. I mean, they are perfectionist right ?
@graxhimself Жыл бұрын
I swear I’m not kidding I’m on his jet now I’ll post it on my channel
@voscra5 жыл бұрын
The fact that they don't have to pay San Francisco rent but only Houston rent is genius
@DanielIles5 жыл бұрын
Traffic backed up and client needs the report by 7? *just grab the parachute*
@MarcusLeepapi5 жыл бұрын
Very nice. Thank you...Fly safe always...
@PurpleLotusSamsara5 жыл бұрын
Nothing compared to bogus Prosperity preachers Kenneth Copeland and Jesse Duplantis their private jets were like $35-$50 Million @ least these guys crunched all the numbers and made sure it makes sense for them ...not money wasted or trying to be over the top imo..just smart business decision...
5 жыл бұрын
but Kenneth Copeland and Jesse Duplantis are doing Gods work.. and its hard to do Gods work in a long tube full of demons
@Photon_Collector4 жыл бұрын
This is me explaining to my parents why I need a Nvidia RTX 2080ti in my PC to help with homework.
@fruitoson42275 жыл бұрын
so.. we don’t want security and we want to look at paper together
@zurinarctus1329 Жыл бұрын
Unlike celebrities, this is actually a smart investment.
@caddyshack685 жыл бұрын
That’s not how most lawyers with 100k I’m student debt travel lol
@David-jj7dy5 жыл бұрын
I to use my private jet for work almost every day. It definitely has its privaledge. But once your a part of the jet crowd, there aint no going back. You begin to see while your at the tarmac and in the small private airport just how many of us there are that speed to work every day. Its very common now a days. To see the rise of peoples incomes in the way that they travel on board of their jets is now so common place. We rich people are glad it is so expensive to have a private jet for it keeps the regular "poor" people at bay and you never have to worry about " them " bothering you and your money. I mean its not my fault I am so rich.
@Secretjorge5 жыл бұрын
3 million isn’t a lot for a jet, they got a deal :)
@swagraptor54775 жыл бұрын
They're predatory patent lawyers, I searched the aircraft registration.
@Y_Canada5 жыл бұрын
If they also rented the plane out for the remained of the month, they would cover the costs for sure. Except for that, this was a smart decision.
@JR-bc4rn5 жыл бұрын
That plane didn't looked like a $3 Million, looked more like times 4 the value What plane was that??
@random-ig6tp5 жыл бұрын
used
@kevinprociw31685 жыл бұрын
Gulfstream G200
@saltymonke36825 жыл бұрын
@hannan shah used
@farzana66765 жыл бұрын
@hannan shah Used market. They start around 2M and go upto 9M.
@NitayNostrasifu5 жыл бұрын
Old model
@kydddj1115 жыл бұрын
time is everything
@krazieman695 жыл бұрын
Yeah. But they don’t count in the initial capital outlay for the plane for that $17000. It’s a lot different though than Don Godwin having a plane for his and the Halliburton GCs personal use.
@chasem35495 жыл бұрын
So it would take them 12.5 years to recoup their investment based on billable hours and plane tickets? Not worth it. Need more line items for expenses. (3 million / (20k x 12 months)) not including compound interest or discounted cash flow
@superchargedpetrolhead5 жыл бұрын
this is just a tax write off so they don't have to worry about it...
@rroge55 жыл бұрын
Imagine how much more time they could save if they used the internet to video call instead of traveling
@JohnLee-fr6pi5 жыл бұрын
$3000 saved per month with a $3M up front cost. Wonder how long it will take to make that $3M back.
@RaystyleIII5 жыл бұрын
The airplane is still an asset, as long as they don't lose money on operational expenses, they can afford it.
@tinomorgenstern34305 жыл бұрын
Write - off might be included in the 17000$ cost so that way they are actually saving money everything considered.
@ablargh5 жыл бұрын
you do realize its $3000 per person right?
@JohnLee-fr6pi5 жыл бұрын
@@ablargh you do realize you're wrong right? He said NINE people.
@JohnLee-fr6pi5 жыл бұрын
@UCF32AaLxb7g17WiW0PnI2sQ they don't take commercial flights DAILY. They said they fly "at least once per month". They didn't even say "at least once per week". That gives me the impression they use the plane less than 4 times per month.
@MS-375 жыл бұрын
With the cost of living in these tech hubs this might become the norm on day.. For lawyers etc
@franknills98795 жыл бұрын
If you really want views and subscribers you should get Graham on millennial money series
@estebancq5 жыл бұрын
Calling a private plane a bus 😂
@michaelcastillo53405 жыл бұрын
To save a whole days worth of work. I just saved you 2:44 of your time.
@laurenpage35485 жыл бұрын
Shocker: there are business scenarios where it makes economic sense to have a jet Why do they think there's such a huge number of them around? Duh
@Panthers15215 жыл бұрын
They just bill the client.
@Imsoo1885 жыл бұрын
A tax deductible big toy.... genius
@poojak15235 жыл бұрын
For them, there's more value than only the cost savings. Lawyers and any others handling trade secrets are susceptible to stealing, hacking of devices on open networks or in the open and kidnapping and ransom.
@hbarudi5 жыл бұрын
Their business decision, given that lawyers always have more time issues than money issues that made them go for buying a whole aircraft for their business and the inside looks like luxuries. While they have the option to fly in economy class, there is problem with that when they can't protect other people's sensitive info especially when it comes to court issues and this also explains why law firms are always expensive.
@dswish40425 жыл бұрын
Hint: they didnt, its to show how much they can waste.
@djderie5 жыл бұрын
When you make so much money you buy a private jet to save commute time
@aadiskywalker5 жыл бұрын
Uncle G bought a 50 million dollar private jet and uses it almost every day
@ChrisInvests5 жыл бұрын
Adarsh Mohan his commuter vehicle
@seanng335 жыл бұрын
Why not fly NetJets?
@ronc75785 жыл бұрын
They do it for tax reasons to write it off as a business expense...plus they can use it as a travel....
@afihaileywibowo10955 жыл бұрын
What song is on the background?
@Heart2HeartBooks5 жыл бұрын
So you can't be doing work while traveling on a commercial flight? That makes no sense. That being said. Don't make excuses as to why your firm bought a jet. Enjoy it.
@takeru515 жыл бұрын
Tax deductible jet
@abhishek-vlog35505 жыл бұрын
No way you can buy that aircraft for 3million
@darealphantom5 жыл бұрын
Wait they brought a million dollar private jet to take a flight once a month seems like a overzealous
@SteelCurtainGirl58805 жыл бұрын
At surface glance I'd agree, but assuming their price ($17000) for round trip each month is correct, plus if you add the amount of time (aka $) saved by being able to work while on the plane in confidence, it's not that bad.
@jawhi5 жыл бұрын
They don’t save money, they make money from it
@ericedwards125 жыл бұрын
Graham?
@harendrasingh_225 жыл бұрын
hmm, true.
@paxundpeace99705 жыл бұрын
My advice, book your plane and flight ours on a private jet network it is far cheaper and you didn't wooey about the plane maintenance and etc.
@budidarmawan69595 жыл бұрын
$17.000 for a round trip for whole team meh it's too expensive, better buy a $3million jet. i hope my companies also had this idea 😆
@tinomorgenstern34305 жыл бұрын
17000$ is the cost of the round trip with the plane.
@ThatGuy-zu2hi5 жыл бұрын
I'm not happy filling up my car imagine
@8platypus5 жыл бұрын
you don't have to justify it to me, the TSA is super lame.
@welovelibraries45565 жыл бұрын
How much does it cost to maintain? Classic CNBC incredibly poor reporting
@vn012085035 жыл бұрын
i would love to know that also , but at the same time they are law firm so heck they must have planned it very carefully before buy a jet, money is not an issue for them
@welovelibraries45565 жыл бұрын
vn01208503 Money is the ONLY issue for them
@vn012085035 жыл бұрын
@@welovelibraries4556 doubt that, if they can afford 3mil jet (and that just the tip of other expense). money sure is not an issue for them. clients and time are.
@welovelibraries45565 жыл бұрын
vn01208503 Wow what a middle to lower class comment by you - it’s ok you are part of the lower 75%
@vn012085035 жыл бұрын
@@welovelibraries4556 and you are not? ok shrugs
@Atipat125 жыл бұрын
COOL
@irisxkae5 жыл бұрын
What does this have to do with us? Lol
@n4s2505 жыл бұрын
Iris Kea not a damn thing. They just wanna show us we broke
@petemama54485 жыл бұрын
Right, confidential? I'm sure they don't do anything with the information they learned from the actual educated people they represent!
@thomasbonse5 жыл бұрын
In order to maintain that confidentiality, they would not be able to discuss their clients' business while on a commercial flight. The same would be true even with laptop screens or paper. So it really is realistic that this allows them to continue working while flying. As such they are making money in-flight instead of just spending.
@nchimunyabwalya23075 жыл бұрын
Wish they'd get me a bike 😐
@mmatt65735 жыл бұрын
3 million dollar plane? O.o
@blackchang19815 жыл бұрын
Must be nice.🛫
@hellohey59555 жыл бұрын
Just move to san jose
@ag-bk5wf5 жыл бұрын
Tx and California salary tax...look it up. And cost of living..look it up again.
@ArchangelTyrael5 жыл бұрын
na x if they are able to buy a private jet, they probably won’t be worried about cost of living and such.
@dogan60705 жыл бұрын
I'm counting my chump change. And these guys are talking in 20.000 to millions.. I doing something WRONG
@bubandlisa2 жыл бұрын
Excuses but they are EXEMPT FROM CARBON TAX CUZ BEING RICH PAYS and you poor schlubs HAVE TO PAY GREEN TAXES
@ArchangelTyrael5 жыл бұрын
400 and hour, what a ridiculous salary.
@danielcuevas58995 жыл бұрын
Polymatter anyone?
@masterofgarden34725 жыл бұрын
I would the same, I think they could spend more the company is being very cheapo.
@irietropicals42555 жыл бұрын
You can do all these things on a commercial jet lol
@bftjoe5 жыл бұрын
Can't discuss confidential cases.
@roeese15 жыл бұрын
Silly. Lawyers, a dying industry of sophists.
@Revel4tions5 жыл бұрын
They might be sophists but that's a thriving industry.
@kelseygustin57855 жыл бұрын
Where are the women? According to its website, Patterson + Sheridan LLP has 22 partners in its firm. 21 are men. Only one is a woman. What gives?
@Atipat125 жыл бұрын
🔥🔥🔥🔥🔥
@relaxingsounds13862 жыл бұрын
Well yeah, they make a shitload of money.
@HTHAMMACK13 жыл бұрын
I don't believe you saved money at all. I think you lost money.
@peterchiung11595 жыл бұрын
the kind if jews that likes to spend money
@jasonfanclub42675 жыл бұрын
Nuts
@THEFIRE3605 жыл бұрын
If you get paid that much per hour ofc its cost effective to do this
@VenularSilver5 жыл бұрын
Fortnite
@natsume0015 жыл бұрын
Sponsored by Google
@professionalcommenter55 жыл бұрын
Minimum wage workers: wage gap and income inequality. These guys travel in a private jet. Not fair To minimum wage workers: You don’t add the same type of value at your cashier job. Otherwise, you would be provided a private jet
@cmac22955 жыл бұрын
Entitled elitists. There are better ways to save money.