Time Value of Money
#2
You still have to pay tuition, room and board, and other expenses whether you study ecomonics, biology, history, or engineering. So that arguement doesn't hold true. It's almost as if you are promoting not going to college because it's a waste of money.
#3
Another angle
If you were to purchase a home with the cost of training and education instead in 30 years you would have an asset that has doubled in value three times, provides excellent write-offs and is producing a monthly rental income that is equivalent of first year FO pay. Most likely by then it will be equivalent to captain pay.
Oh, and lets not forget that you can also live in it.
SkyHigh
Oh, and lets not forget that you can also live in it.
SkyHigh
#4
College
SkyHigh
#5
Opportunity cost
In any case you will need to earn far more that what the average pilot career can afford to be worth the opportunity costs.
You would be better off to put the money into savings.
SkyHigh
You would be better off to put the money into savings.
SkyHigh
#7
If you were to purchase a home with the cost of training and education instead in 30 years you would have an asset that has doubled in value three times, provides excellent write-offs and is producing a monthly rental income that is equivalent of first year FO pay. Most likely by then it will be equivalent to captain pay.
Oh, and lets not forget that you can also live in it.
SkyHigh
Oh, and lets not forget that you can also live in it.
SkyHigh
And this money comes from where? Poof! I have 200,000 dollars to buy a house. Wrong, nobody will just give that to you. You have to earn it with payments plus a 20% down payment. And there are very few professions that will allow you to live plus afford morgage payment. Not too many high school graduates plunk down for a home the day after they graduate
#8
Actually it does. Just an alternative to spending 150K on flight-training.
You can enlist and get the military to pay you to learn a trade / skill. Get all your education paid for and be promoted / rewarded on merit / hard-work. I didn't even graduate from high school. I have a GED.
-LAFF
Edited to remove SH not promoting college. It seems he does seem to think its a waste. I don't feel that way nor should anyone else.
You can enlist and get the military to pay you to learn a trade / skill. Get all your education paid for and be promoted / rewarded on merit / hard-work. I didn't even graduate from high school. I have a GED.
-LAFF
Edited to remove SH not promoting college. It seems he does seem to think its a waste. I don't feel that way nor should anyone else.
I hope nobody spends 150K on flight training. I will agree with the military as an option if your personality agrees with it. Plus, I think there is a way to enlist and then go to college to get a degree paid for by the military. I'm not opposed to this option either but I believe you are committed to a certain number of years after.
#9
Money
And this money comes from where? Poof! I have 200,000 dollars to buy a house. Wrong, nobody will just give that to you. You have to earn it with payments plus a 20% down payment. And there are very few professions that will allow you to live plus afford morgage payment. Not too many high school graduates plunk down for a home the day after they graduate
The student loan payments would be $1340/mo.
At $6.0 per hour a person could earn 11,520 in a year.
As a CFI a good average is 15K per year minus $16080 per year for debt service is a negative 1080 before you have even subtraced for taxes and living expenses. The loss continues until the hire date at a regional and then for more years until upgrade. Even then you would have to live in poverty for more than a decade to catch up with all the losses.
Buy a house instead.
SkyHigh
I have to go and make breakfast for four sons now.
Later when I have more time I will write a longer post detailing how you will loose money over simply buying a house or investing the money VS a typical airline career.
#10
At $6.0 per hour a person could earn 11,520 in a year.
Buy a house instead.
SkyHigh
I have to go and make breakfast for four sons now.
Later when I have more time I will write a longer post detailing how you will loose money over simply buying a house or investing the money VS a typical airline career.
Buy a house instead.
SkyHigh
I have to go and make breakfast for four sons now.
Later when I have more time I will write a longer post detailing how you will loose money over simply buying a house or investing the money VS a typical airline career.
End result = go to college and study something you love to do. Yeah, those first couple of years might be rough but it will eventually pay off.
Now I have go back to the couch and watch ESPN on my day off.
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