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Side Hustle

Old 12-13-2021 | 12:52 PM
  #901  
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Originally Posted by OOfff
If you want to prohibit me from working for another *insert firm here,* you should compensate me for my every waking moment! And I only sleep 6 hours a night!
Why roll over on those 6 hours? What if you ca get paid to sleep in the bunk at another flying gig? 24/7/365 including any missed green slips (or equivalent) at another airline.

How dare they!?
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Old 12-13-2021 | 05:18 PM
  #902  
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Originally Posted by marcal
Please see my post to Gloopy below. There is nothing ridiculous about allowing a company to monopolize your trade without compensating for it when they restrict it. If you fly your line/reserve and can fall within FAR117 with your outside flying, I personally believe the company should have no right to restrict you and if they do, they should have to compensate you.

I'm only talking about when they say you can't. Flying airplanes is our only trade. If they restrict it, how is that fair at all?

By the way, I have personally been approved in the past but that was a long time ago. At this point, I would never fly outside bc they risk of incident/accident/violation is to great to jeopardize this job.
Wouldn’t they just come back and say “well fly more hours for more pay for us…?”

They’re not restricting you from using your skills, just restricting you from using those skills to make someone else a profit. Can’t imagine working a side hustle CFI gig would pay more that picking up a turn..
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Old 12-14-2021 | 02:20 AM
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Subway. Sandwich artistes get $15/hr.
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Old 12-14-2021 | 06:24 AM
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Originally Posted by StickPig
Wouldn’t they just come back and say “well fly more hours for more pay for us…?”

They’re not restricting you from using your skills, just restricting you from using those skills to make someone else a profit. Can’t imagine working a side hustle CFI gig would pay more that picking up a turn..
Yes I thought about this scenario, but not everyone lives in a place that you can easily do so.

My standpoint is purely philosophical. I don’t believe a corporation should be able to restrict your one trade with zero reason and not be prepared to compensate you for the outside loss of additional income.

Don’t want me flying outside? Sure, no problem. Here’s a bill for the $500 I lost because you restricted me from flying.

At the end of the day I do believe it’s pretty rare for Delta to say no anyway but it does happen time to time.
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Old 12-14-2021 | 08:31 AM
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Ya I'm surprised they denied him because I've received approval to do instruction in my flying club. I don't really consider it a side hussle, more of an excuse to get out to the airport and fly my own plane more. Picking up a turn is far more lucrative, but not nearly as fun lol. I really wouldn't expect the company to reimburse me for a denial though.
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Old 12-15-2021 | 06:50 AM
  #906  
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Originally Posted by marcal
Yes I thought about this scenario, but not everyone lives in a place that you can easily do so.

My standpoint is purely philosophical. I don’t believe a corporation should be able to restrict your one trade with zero reason and not be prepared to compensate you for the outside loss of additional income.

Don’t want me flying outside? Sure, no problem. Here’s a bill for the $500 I lost because you restricted me from flying.

At the end of the day I do believe it’s pretty rare for Delta to say no anyway but it does happen time to time.
You are an employee, not a contractor. As an employee you agreed to work under the FAA approved operations manual which outlines the exclusive rights to your professional services. Delta and ALPA have excluded contractors from operating Delta flights per the PWA, so the only way you enjoy the benefits of working for Delta is as an employee. I see it as an opportunity to decide how much you are willing to contribute to Delta for compensation of your professional services. I routinely make average or better pay for below average utilization of my 1000 hours.
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Old 12-15-2021 | 06:44 PM
  #907  
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I’m surprised that no one has said being an ALPA “volunteer,” is their side hustle! LMAO!
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Old 12-15-2021 | 07:08 PM
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Originally Posted by crzepilot
I’m surprised that no one has said being an ALPA “volunteer,” is their side hustle! LMAO!
You are now responsible for at least a dozen coffee/beer/bourbon sprayed keyboards.
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Old 12-17-2021 | 06:55 AM
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Originally Posted by Gone Flying
I get what you are saying WRT outside flying, but as someone who only wears the hat because they absolutely have to, and would love to see that policy changed, I could not resist poking fun at you using that as an example of “this is what you signed up for”

given the fact I was a no hat/leather jacket type (Karbon jacket would have been even better) before DL, I’m surprised they even called 😂
Those Karbon jackets with the epaulettes are pretty lame. Please tell me you didn’t put that in the uniform survey!

Back on topic to the one who posted about outside work while on disability. Can they restrict what you do when you’re on disability? That’s surprising because it seems at that point you’re just trying to make ends meet.
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Old 01-01-2022 | 01:55 PM
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Happy New Year fellow Side Hustlers!!

There was a lot of discussion this time last year on options trading strategies. I gave up by April. How did the rest of you fare in 2021?

Options
Overall options were profitable thanks to a few well timed TSLA covered calls. My S&P Iron condors were money losers due to strong gains in April. I got frustrated with position management and stopped trading except for a few more covered calls. I'm planning to venture back in with a few trades in my fun money account.

Stocks
The low margin rates at IBKR lured me into dividend stocks like XOM, T, IBM, and a few others. I've eliminated the margin to keep it available as a low interest line of credit for the first half of 2022.

Real Estate
Sold a few properties, failed at my first 1031, executed a partial 1031, Bought a NNN property and made a few passive investments in syndications.


Real estate remains the Side Hustle of choice for 2022. This year's focus will be a development project using land purchased in 2020 at the beginning of the pandemic. It isn't nearly as exciting as stocks, options or running an active business, so I think I'll take up mountain biking for entertainment.
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