Originally Posted by
Paok
My boyfriend and I are both FO's ad we dont live in a house with 6 other FO's or eat top ramen..... Get in the industry when your young and can afford to make no money. I am a new FO but he isnt, and he is not uphappy..... A BMW, an Audi and a nice apartment downtown....I'd say we live pretty well I think, of course I dont own a house or anything, but Im doing fine for being 22, and all my friends from college dont even have jobs and live with mom and dad still...... Of course I guess student loans would be a problem.... Guess we are lucky in that respect
Do the two of you have at least three months of normal expenses saved in cash? How much do you have in retirement accounts? Audis and BMWs are nice but they don't let you retire early...
With company match I put 17% into my 401k, both my wife and I have Roth IRAs, and we have about 4 months of normal expenses in cash savings. Not too bad for a couple 23 year olds...
The most important thing for anybody, especially a first year regional pilot, is to STAY OUT OF DEBT!