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Old 01-16-2019, 11:38 AM
  #51  
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Originally Posted by PotatoChip View Post
Never heard of/considered a HELOC.
I’ve been a pretty crummy position the last two years and am finally barely crawling out. Left a good paying job with a horrible schedule and no future for a “direct entry captain” job at a regional that turned out to be too good to be true. Ended up sitting for over nine months in training waiting while being paid $1,900/month. Blew all our savings, then got downgraded as soon as consolidation was done due to FO attrition. Went to another regional, sat for six months waiting on sims, making $2,500/month. Sold my truck. Sold furniture. Drove Lyft for six months. Kept the house at 65 degrees in the winter, wife hated me.
I’ve been through it. I’d love the opportunity to interview at F9 and really do think it might be a great fit for my family, just saying that first year is going to be ROUGH on us, and I’ve put my wife through a lot, including no Christmas presents this year, and we haven’t been out to eat together in over a year.
Ugh, that's tough. Been there myself with the wife and the finances. At no time was I ever glad that I had used debt. Hopefully the fam can see the light at the end of the tunnel if you score a job here. At 57.64 an hour and the ability to pick up opentime/bid aggressive reserve, you might be surprised how much you can credit in the junior base. It obviously wouldn't suck to be at 210 an hour in 2.whatever years.

Hang in there!
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Old 01-16-2019, 11:43 AM
  #52  
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Originally Posted by elmetal View Post
That sucks man. So a heloc is essentially you borrowing money from the equity in your house.

So let's say you need 20k extra to make it work for the first year at f9 and after that you're gold. Well you take a heloc of 20k which essentially means a secured loan and the security is 20k equity in your house.

You use that money as you would a bank account, and it has low interest, because it's secured (has collateral). Then when you hit second year pay you start paying it all off and be free!
Thanks for the info. We’ll see if I end up needing it!
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Old 01-16-2019, 02:11 PM
  #53  
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Originally Posted by PotatoChip View Post
Thanks for the info. We’ll see if I end up needing it!
PotatoChip. Not sure if it can work again under the new contract, but a friend of mine beat 90K his first 12 months here in 2014. He was over 100 hours credit every month and was never home but he did it. I didn't believe him so he showed me his W2.
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Old 01-16-2019, 02:19 PM
  #54  
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Originally Posted by Wheelswatch View Post
PotatoChip. Not sure if it can work again under the new contract, but a friend of mine beat 90K his first 12 months here in 2014. He was over 100 hours credit every month and was never home but he did it. I didn't believe him so he showed me his W2.
can't have insane conflict drops with PBS FYI
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Old 01-16-2019, 02:20 PM
  #55  
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Originally Posted by Wheelswatch View Post
PotatoChip. Not sure if it can work again under the new contract, but a friend of mine beat 90K his first 12 months here in 2014. He was over 100 hours credit every month and was never home but he did it. I didn't believe him so he showed me his W2.
Great to hear. Hopefully with the new contract one wouldn’t need to be gone so long, have baby two due in a month and wife might kill me if I’m never home!! That said, I’d be very hopeful for open time. I’ve been able to credit an average of 117 hours the last five months here, which has greatly helped. If I’m going to leap to F9, I really need to credit all I can.
Also planning on speaking with y’all at NGPA next month, anyone know who is going to be representing F9??
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Old 01-16-2019, 04:41 PM
  #56  
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To the OP: are either of these airlines where you want to fly the rest of your career? If not, pick the one that will get you in the left seat faster, which is very likely F9.

Just don't get comfortable in the left seat - keep your apps in with the legacies and move to a legacy as fast as you can.

Nothing against F9 and JBLU but they are not the best places to make a career.
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Old 01-16-2019, 05:41 PM
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Originally Posted by Andy View Post
To the OP: are either of these airlines where you want to fly the rest of your career? If not, pick the one that will get you in the left seat faster, which is very likely F9.

Just don't get comfortable in the left seat - keep your apps in with the legacies and move to a legacy as fast as you can.

Nothing against F9 and JBLU but they are not the best places to make a career.
Thats cute and rich. Ask all furloughed twice guy's at UAL if they feel the same. What is happening today has zero to do with what it will all look like in ten years. Place your bets and hope for the best for yourself and for each other..
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Old 01-16-2019, 05:44 PM
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And really .. (let the record show I did vote no) 250-300K a year plus 15% is a bad gig to max out on for 25 plus years for those of us in their 20s and 30s ? Ok then..
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Old 01-18-2019, 02:31 PM
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JB has same occupation LTD until age 65, Frontier does not.

No way would I gamble on being able to keep my medical that long (and I'm relatively young and healthy).
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Old 01-18-2019, 02:39 PM
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Originally Posted by Bahamasflyer View Post
JB has same occupation LTD until age 65, Frontier does not.

No way would I gamble on being able to keep my medical that long (and I'm relatively young and healthy).
Good point.
But then you also have to assume that Frontier doesn’t negotiate that into a contract in the next 10-30 years.
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