Originally Posted by
NewGuy01
Soooooo sincere question. A new hire hired at Alaska today, could they start a real estate income stream equaling yours?
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Of course not. Not unless they bring Capital from some other source. Guess what? When I was a new hire, neither could I. I developed Partnerships, formed LLC's and worked hard to deliver. Sweat equity turns into Capital equity. Look. We're all W2 wage earners. We're sitting ducks. The taxes are crushing. You're NEVER going to be "wealthy" when you get paid on the 5th and the 20th. I don't care WHAT Airline you're talking about. This job is nothing more than a safety net with cheap insurance, steady income, free travel, and an opportunity to play with the big noisy toys. None of which is to say I don't get it. Again, this contract needs a complete re-write. I won't agree to anything that isn't. That won't change where we are in the process, but that's where I stand.
Quick Edit: It's never to soon to start investing. As a pilot, we can all acknowledge that we have more free time than regular workers. Commute time, Hotel layover time, time off. That's Capital. That's an advantage.