Originally Posted by
So Wonwee
"Joe Marquardt, 50, left a 17-year career at Northwest Airlines last year for Emirates, as the Minnesota-based carrier phased out the DC-9 jets he flew.
He already had lost one-third of his salary in pay cuts, Marquardt said, and he faced a demotion to a smaller plane, which would mean another pay reduction.
"It got to the point where we couldn't keep the house," Marquardt said."
Seriously, 17 years at NWA and you couldn't pay off your house before then? If anyone else is in this situation, buy the Rich Dad Poor Dad book series and consult a financial advisor.
Maybe he had a few problems in his life that took a toll on his financial situation. Sick family members, maybe bad financial advice from "qualified financial advisors" or simply poor planning and/or judgement on his part.
Success in life and all those things is certainly not guaranteed.
Then again, maybe the individual in the story is simply not as smart as some claim to be.
What the story should tell you is how significantly things have changed in the industry for this to occur. There's the real news.
Perhaps you can offer something positive to this thought?