Side Hustle
05-15-2018 | 09:47 AM
#21
Gets Weekends Off
Joined: Jan 2014
Posts: 219
Likes: 0
Most left seat guys are in the Top 1%. How much is enough? I tinker in my garage, water skiing, snow skiing, cruises, camping, hiking, learning how to Grill meat to perfection (trying different marinades & ageing the steaks & searing) and MOST importantly....spending quality time with family & friends. My most conservative retirement planning has me checking out at 95 with $25,000,000 going to waste.
Work less, spend more & enjoy your 180 days off a year.
Work less, spend more & enjoy your 180 days off a year.
As you know, the flip side is specialization and productive efficiency. I make more money for my time making myself available to fly airplanes than any other way.
I live well below my means, so if I lose my medical, get furloughed, or the company goes under, I'll be just fine.
I invest over half of my income in total stock market index funds. I prefer the liquidity over brick and mortar real estate investments.
05-15-2018 | 09:57 AM
#22
Gets Weekends Off
Joined: Jul 2010
Posts: 12,828
Likes: 172
From: window seat
This. One of the biggest head scratches in this profession is HTF can so many educated professionals making well into 6 figures (including many at over a quarter mil a year and up) still be living to the upper end of their income and pretty close to paycheck to paycheck?
You can still get most of the toys and the "captain's house" and all that, just not as soon as you can possibly get into them. Not only is that personally irresponsible, it also weakens us collectively when a majority become slaves to their "monthly nut" to such an extent that management gets a huge advantage over labor.
The best defense against not having to walk away is the ability to be able to walk way. Peace through strength, etc. Take that away and you put a thumb on the other side of the scale at the very least.
You can still get most of the toys and the "captain's house" and all that, just not as soon as you can possibly get into them. Not only is that personally irresponsible, it also weakens us collectively when a majority become slaves to their "monthly nut" to such an extent that management gets a huge advantage over labor.
The best defense against not having to walk away is the ability to be able to walk way. Peace through strength, etc. Take that away and you put a thumb on the other side of the scale at the very least.
05-15-2018 | 10:03 AM
#23
Gets Weekends Off
Joined: Sep 2014
Posts: 5,145
Likes: 111
Word on the street is that the next revision of the FOM will prohibit any side hustle work on any calendar day you have an obligation to Delta. You won't be able to do anything while on short call, long call, short layover, long layover, vacation day, 30-hour rest... and not even after release or before sign-in.
05-15-2018 | 10:05 AM
#24
Banned
Joined: Apr 2017
Posts: 4,208
Likes: 7
Having one's excess income moved to an "aggressive growth" set of properly diversified minimally managed mutual funds is the safest way to accrue wealth over the long term because you own thousands of different businesses in different market sectors and locations.
Index funds tend to be actively managed and are not quite as diverse as one might think.
Having all of one's money tied up in real estate is actually pretty high risk, as is tying up all of one's money in a single business or two.
05-15-2018 | 10:21 AM
#25
Banned
Joined: Apr 2017
Posts: 4,208
Likes: 7
So after the property management, taxes, and insurance you generate $800 profit, all of which goes back in to paying down the mortgage?
05-15-2018 | 10:21 AM
#26
Gets Weekends Off
Joined: Sep 2015
Posts: 1,034
Likes: 2
From: I got into this business so I wouldn't have to work.
05-15-2018 | 10:24 AM
#27
Gets Weekends Off
Joined: Sep 2015
Posts: 1,034
Likes: 2
From: I got into this business so I wouldn't have to work.
05-15-2018 | 11:19 AM
#29
Gets Weekends Off
Joined: Jul 2013
Posts: 12,521
Likes: 1,107
Word on the street is that the next revision of the FOM will prohibit any side hustle work on any calendar day you have an obligation to Delta. You won't be able to do anything while on short call, long call, short layover, long layover, vacation day, 30-hour rest... and not even after release or before sign-in.
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