Originally Posted by
FetaCheese
Seriously. This “get your house in order” crap gets really old. How is someone supposed to prepare for losing a six figure income job exactly? Go ahead and fly a little extra now. How long will that little bit of extra income hold you over for? An extra month tops? Give me a break. Short of selling your house and everything you own there is NOTHING you can do about going from airline pilot income to no income.
Well that’s not true at all.
First of all, yea you’re losing a 6-figure income. But by taking any job you can find to stem the bleed of cash while you hunt for something better you certainly buy yourself time. And hopefully you have enough savings to make sure that you can last 6-12 months.
Second of all understand that 2020 is going to be a really bad year for pilots (or most everyone really). But it will pass and things will come back.
If you can’t afford the mortgage, consider renting the house and then you yourself renting something cheaper to live in to lower your bills. Consider reducing down to 1 vehicle if possible. Or selling a vehicle and buying a cheaper one... These events don’t have to be apocalyptic. But they will be uncomfortable.