Side Hustle
 

After years of cockpit conversations, it has become apparent that collectively we are an industrious group. Pilots love their side hustle. I have talked to guys that practice law on the side, own rentals, own franchises, originate mico loans and run retail financial service companies. I am curious what you have heard. What is the most interesting side job you have heard about? Anyone have a great side hustle they are working?

I run a male escort service out of my crash pad.

🤣🤣🤣


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Hot towel boy in a cat house.

Bruce?

https://www.nbcnews.com/dateline/vid...k-655941699512

Don't worry. "You'll never need another job" ... Indoc second class August 2001

I do the rental property thing. It's not exciting or glamorous but it is easy (most of the time) and having someone else pay for you to build equity is great. I use a managmemt company which eats into profits some but then all I have to do is cash a check each month.

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.

So what you’re saying is you are a real airline pilot. Has a failed business😎

It's called being diverse, multiple streams of income.

MI and Oregon both have 10 cent bottle deposits.....

I'm curious about this, do you mind sharing some numbers? :confused:

I bought a $1 lotto ticket a couple days ago.

I'm renting out my home I used to live in before we moved. After taxes and insurance I clear about 800 a month. Its not making me rich but in 20 years the house will be paid off.

Years ago I heard a captain telling me about digging/ blasting for sliver in his back yard. This was in the suburbs of Boston. The motorcycle helmet for safety was also a nice touch.

Thought about that, but every time I run the numbers it just doesn't quite work out.

Rental Property, easiest money I ever made. Buy and hold.

Where do you invest?

Ask anyone who has had a medical issue or lived through a furlough, diversity isn't a bad thing. Plus, there are plenty of reasons to work aside from total income: intellectual curiosity, income diversity, financial independence, etc. Most seem to get into the rental game and enjoy it. Some have gotten more creative and bought businesses or consult on the side. Ran into one dude who was a motivational speaker, it was a pretty cool story.

Hey, Buck! This is supposed to be anonymous!!!
Thanks for outing me.:D

Transportation costs will eat you alive Newman.

I agree. My side hustle is putting in green slips. Sometimes they call me. Most of the time they don't. I spend more time on the lake fishing than most professional fishermen.

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.

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.

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.

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.

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.

So after the property management, taxes, and insurance you generate $800 profit, all of which goes back in to paying down the mortgage?

None of my customers has ever gone away "unsatisfied...":D

Yeah, I always under-promise and over-deliver. I don't see an end to this income stream...unless my crashpad lord ups my rent.

I’m a televangelist on my days off. Great tax shelter. And the toupee is tax deductible :D

Wouldn't that be like trying to catch air with a net?

I’ve been trying to convince people that gold will go to $50K an ounce in 5 years. :D

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.

Ideally after my Oh **** $$ fills up. Cash is king they say.

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.

I wondered what happened to you Fred. Yes sir, Fred Garvin has done well.

I produce ball bearings and fetzer valves on the side.

It's all ball bearings these days.

Oops... that was actually the CURRENT Delta policy covering military duty. Hence the ongoing lawsuit.

I’m not sure you actually know what an index fund is.

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.