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Originally Posted by TED74
(Post 2594507)
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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Originally Posted by SonicFlyer
(Post 2594523)
So after the property management, taxes, and insurance you generate $800 profit, all of which goes back in to paying down the mortgage?
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Buy and hold rental properties are good, if you're looking for an alternative income stream. Start flying more and stockpile a lot of cash. Keep your credit score up and wait for the next real estate bust. (it's going to happen). Then, buy inexpensive homes (3-4 bedroom) in blue collar neighborhoods. Fix them up a little and rent them out. You have to maintain them and put up with the occasional loser, but you basically end up with other people making your investment for you.
I've funded my retirement aggressively in the stock market for 30 years. The real estate is worth more. Only do it if you like it, because the reality is that you probably won't need the money (especially if you keep your first wife). If you save 10 percent of what you earn and burn the rest on having fun, you'll probably enjoy your life more. |
Just one word.
Plastics. |
Originally Posted by Erdude32
(Post 2594369)
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. |
I produce ball bearings and fetzer valves on the side.
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Originally Posted by Al Czervik
(Post 2594679)
I produce ball bearings and fetzer valves on the side.
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Originally Posted by gloopy
(Post 2594589)
LOL doubt it. Slam dunk legal loss if they try that, even if they attempted to enforce it. They might reinforce the "show up rested" part of it all, but there is ZERO chance they can do that.
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Originally Posted by SonicFlyer
(Post 2594509)
Exactly... this makes complete and total sense (except for the index fund part).
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. They are called index funds because they track an index. They are passively managed in that the managers aren’t wasting any time or resources picking stocks. They just try to match the index. Actively managed funds involve managers trying to beat the market by researching companies and picking stocks. All that research is expensive, and is why their expense ratios are much higher. Most funds with “growth,” “aggressive growth,” and “income” in their names are actively managed. And 80% will fail to beat the market over a ten year period. Further, total stock market index funds like the other poster mentioned hold immense portfolios. For example, Vanguard’s total stock market index fund holds 3,629 different stocks across virtually every industry, from small caps to mega caps. |
I convince my coworkers to sell cleaning supplies, vitamins, essential oils, and citrus out of their garage and I keep part of their profit.
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