The true value of money
11-26-2006, 12:48 PM
#11
Gets Weekends Off
Joined APC: Sep 2006
Posts: 297
SkyHigh
SkyHigh,
Aviation has become what it is, not because of me, but because of others. I’m still in college, and I did not contribute to its monetary demise. Now I can either quit and say forget it, it’s too hard, and there’s too much of a risk or I can go for it.
When I mention a second career at hand, I am referring to having a quick back up, in case something fails and not be left behind. Don’t get me wrong I will fight for higher salaries and better compensation but I do need a second back up job, I’m not about to risk my whole future on the idea that I must not have a second job because I’m driving the industry down. The industry is already down!
At this moment I don’t have a girlfriend or anything of that sense, but when I do of course I want to provide for her beyond what is necessary to survive. What I was implying is that we don’t need to be millionaires to be happy. I also was referring to the people who work endlessly in the pursuit of money meanwhile ignoring their families.
Puppyz was referring to the fact that it is helpful having someone to support you in this arduous endeavor. He also mentioned that he wants to support that someone and earn a comfortable living as an aviator. I truly believe that he will accomplish it, as long as he’s determined and walks into it knowing what he is doing. I truly hope that one day we are able to accomplish our dreams and pursuits in life.
SkyHigh it is safe to say that you did not walk into aviation smartly, and made several mistakes along the way. Mistakes I have studied and will attempt not to make.
I do not accept the idea of aviation as a second hobby, but I do however see it as a rewarding career, full of risks and adventures. A well balanced life often becomes boring and dull, I have witnessed it and it is not pretty.
I will say that your statement is false and fictitious. This is because to accept the idea of a second job at this point in my progression is proof that I understand the risks in aviation, enough to care about my future and my future family, in case I need to bail out for them, I want to have a good second degree (job) real handy. In the end like you said, they will become more important, and I would be happy to give up my dreams for them. However to live and kill my dream now, will only lead to endless bitterness and regrets.
Aviation has become what it is, not because of me, but because of others. I’m still in college, and I did not contribute to its monetary demise. Now I can either quit and say forget it, it’s too hard, and there’s too much of a risk or I can go for it.
When I mention a second career at hand, I am referring to having a quick back up, in case something fails and not be left behind. Don’t get me wrong I will fight for higher salaries and better compensation but I do need a second back up job, I’m not about to risk my whole future on the idea that I must not have a second job because I’m driving the industry down. The industry is already down!
At this moment I don’t have a girlfriend or anything of that sense, but when I do of course I want to provide for her beyond what is necessary to survive. What I was implying is that we don’t need to be millionaires to be happy. I also was referring to the people who work endlessly in the pursuit of money meanwhile ignoring their families.
Puppyz was referring to the fact that it is helpful having someone to support you in this arduous endeavor. He also mentioned that he wants to support that someone and earn a comfortable living as an aviator. I truly believe that he will accomplish it, as long as he’s determined and walks into it knowing what he is doing. I truly hope that one day we are able to accomplish our dreams and pursuits in life.
SkyHigh it is safe to say that you did not walk into aviation smartly, and made several mistakes along the way. Mistakes I have studied and will attempt not to make.
I do not accept the idea of aviation as a second hobby, but I do however see it as a rewarding career, full of risks and adventures. A well balanced life often becomes boring and dull, I have witnessed it and it is not pretty.
Originally Posted by SkyHigh
To accept the idea of a second job at this point in your progression is proof that you are not using your better judgment.
11-26-2006, 01:45 PM
#12
Bored
Joined APC: Nov 2006
Position: Grumman Torture Device (weekends only)
Posts: 445
Favila,
I think Skyhigh's point is this: you're in college, yet when you graduate you are planning to take a job that pays less than what the average high-school drop out makes just so you can fly.. and you are going into this planning on having a second source of income. What are you going to do for this? What kind of job will support a schedule of being on reserve? Heck, back in 1990 I was making $13/hr part time while in college!
Just Spongebob pontificating, but as a college grad, probably a better plan is to have flying as your "back up" job plan in case you don't find something else. Almost any job will support flying as a hobby...which, by the way, is more fun than being paid to fly. I'm a military guy saying that, so take it for what it's worth but I don't have to worry about Pax, FAA, etc. at work and I still enjoy weekend flying more.
I did a 737 type rating class to get my ATP done since the VA picks up 60% and I had the cash after a deployment... in that class were 11 (of 18) guys flying for regionals at $60k a year (most had been there for 7+ years) spending yet another $8 grand to do something to break them out from the 10,000 other RJ pilots in the country so they would get noticed by SWA. Almost all were unsuccessful (BTW, 100% of the eligible (hours) military guys got interviewed w/in 3 weeks).... what that means is there are WAY more pilots than seats, ergo, why wages are so low. If you compare the above to the starting salaries of the average college grad, it'll take you 5+ years to get there. Money is not everything, but you'll never make that difference up until you get on with FedEX, UPS, etc. That's making the assumption things are still good 7 years from now, you managed to get noticed out of the pack and they don't go the way the pax fleet has. And if the pilot glut is true, their wages will fall as soon as somebody else figures out how to do their business cheaper.
Long story short - SkyHigh is telling you not to sell yourself short.
Sorry for the ramble/rant... I know dreams are tough and I got to live mine, but I think you have more to offer the world..
HTH
Spongebob
I think Skyhigh's point is this: you're in college, yet when you graduate you are planning to take a job that pays less than what the average high-school drop out makes just so you can fly.. and you are going into this planning on having a second source of income. What are you going to do for this? What kind of job will support a schedule of being on reserve? Heck, back in 1990 I was making $13/hr part time while in college!
Just Spongebob pontificating, but as a college grad, probably a better plan is to have flying as your "back up" job plan in case you don't find something else. Almost any job will support flying as a hobby...which, by the way, is more fun than being paid to fly. I'm a military guy saying that, so take it for what it's worth but I don't have to worry about Pax, FAA, etc. at work and I still enjoy weekend flying more.
I did a 737 type rating class to get my ATP done since the VA picks up 60% and I had the cash after a deployment... in that class were 11 (of 18) guys flying for regionals at $60k a year (most had been there for 7+ years) spending yet another $8 grand to do something to break them out from the 10,000 other RJ pilots in the country so they would get noticed by SWA. Almost all were unsuccessful (BTW, 100% of the eligible (hours) military guys got interviewed w/in 3 weeks).... what that means is there are WAY more pilots than seats, ergo, why wages are so low. If you compare the above to the starting salaries of the average college grad, it'll take you 5+ years to get there. Money is not everything, but you'll never make that difference up until you get on with FedEX, UPS, etc. That's making the assumption things are still good 7 years from now, you managed to get noticed out of the pack and they don't go the way the pax fleet has. And if the pilot glut is true, their wages will fall as soon as somebody else figures out how to do their business cheaper.
Long story short - SkyHigh is telling you not to sell yourself short.
Sorry for the ramble/rant... I know dreams are tough and I got to live mine, but I think you have more to offer the world..
HTH
Spongebob
11-26-2006, 01:59 PM
#13
Self Employed.
Thread Starter
Joined APC: May 2005
Position: Corporate Pilot
Posts: 7,119
Wow
Wow, Thanks Spongebob,
Well done.
Favila,
We are young when making these decisions that will effect out future. I hope that the older you step up and put in a vote not to be poor. You mentioned that you don't need to become a millionaire to be happy but if you read the thread on retirement then you will know that indeed you do need to strive to become a millionaire. By the time you are old enough to retire you will need perphaps 2 to three million to live a middle class lifestyle into your late 80's.
As a side note Favila, the government paid for my 737 rating after I had been laid off, but I wouldn't advise that as a strategy either. If I were you I would go back to business finance and put flying on the back burner. If you are able to make something out of that degree then start flying on the side and see how it goes.
SkyHigh
Well done.
Favila,
We are young when making these decisions that will effect out future. I hope that the older you step up and put in a vote not to be poor. You mentioned that you don't need to become a millionaire to be happy but if you read the thread on retirement then you will know that indeed you do need to strive to become a millionaire. By the time you are old enough to retire you will need perphaps 2 to three million to live a middle class lifestyle into your late 80's.
As a side note Favila, the government paid for my 737 rating after I had been laid off, but I wouldn't advise that as a strategy either. If I were you I would go back to business finance and put flying on the back burner. If you are able to make something out of that degree then start flying on the side and see how it goes.
SkyHigh
11-26-2006, 02:31 PM
#16
Self Employed.
Thread Starter
Joined APC: May 2005
Position: Corporate Pilot
Posts: 7,119
Another thought
Favila008,
You mentioned
"Aviation has become what it is, not because of me, but because of others. I’m still in college, and I did not contribute to its monetary demise. Now I can either quit and say forget it, it’s too hard, and there’s too much of a risk or I can go for it. "
It is true that it isn't your fault that the industry is in decline however if you proceed anyway you will be accepting a portion of the cause. My generation never had an inkling that we would be poor. You either made it or didn't there was no middle ground. The latest generation is going into the industry prepared to throw their lives away and be poor. To me that signals doom. Anyone who is interested in self preservation must evaluate the risks. You seem to be suggesting throwing logic out the window.
SkyHigh it is safe to say that you did not walk into aviation smartly, and made several mistakes along the way. Mistakes I have studied and will attempt not to make.
It is easy to play arm chair quarterback. I did everything right as far as the information I had at the time. I graduated from college near the top of my class, never flunked a check ride, didn't score below a 90% on any FAA test, am in perfect health (except for a few extra pounds)and never so much as scratched the paint in more than 6300 hours. No one can play the game with a perfect score. You have no control over the cards you will be dealt. It would be a mistake on your part to assume that you can do better because most of ones success depends upon luck and circumstances. What works today will be tomorrows sucker bet. You can't predict what a winning strategy will be. I played my hand out until the end and was handed a few too many bad cards.
Your best bet is to understand what I and others here are trying to tell you. We all need to stack the deck in our favor.
SKyHigh
You mentioned
"Aviation has become what it is, not because of me, but because of others. I’m still in college, and I did not contribute to its monetary demise. Now I can either quit and say forget it, it’s too hard, and there’s too much of a risk or I can go for it. "
It is true that it isn't your fault that the industry is in decline however if you proceed anyway you will be accepting a portion of the cause. My generation never had an inkling that we would be poor. You either made it or didn't there was no middle ground. The latest generation is going into the industry prepared to throw their lives away and be poor. To me that signals doom. Anyone who is interested in self preservation must evaluate the risks. You seem to be suggesting throwing logic out the window.
SkyHigh it is safe to say that you did not walk into aviation smartly, and made several mistakes along the way. Mistakes I have studied and will attempt not to make.
It is easy to play arm chair quarterback. I did everything right as far as the information I had at the time. I graduated from college near the top of my class, never flunked a check ride, didn't score below a 90% on any FAA test, am in perfect health (except for a few extra pounds)and never so much as scratched the paint in more than 6300 hours. No one can play the game with a perfect score. You have no control over the cards you will be dealt. It would be a mistake on your part to assume that you can do better because most of ones success depends upon luck and circumstances. What works today will be tomorrows sucker bet. You can't predict what a winning strategy will be. I played my hand out until the end and was handed a few too many bad cards.
Your best bet is to understand what I and others here are trying to tell you. We all need to stack the deck in our favor.
SKyHigh
11-26-2006, 02:39 PM
#17
Self Employed.
Thread Starter
Joined APC: May 2005
Position: Corporate Pilot
Posts: 7,119
Overtime
Originally Posted by LAfrequentflyer
I hope to use IT as a crutch if needed while working at the regionals. I just wish there was no 1,000 hour limit for 121 pilots. Are 121 guys paid any overtime fir hours worked past the mins?
-LAFF
-LAFF
SkyHigh
11-26-2006, 02:51 PM
#18
Gets Weekends Off
Joined APC: Sep 2006
Posts: 297
A bit of more thinking
SkyHigh, I have a paper due tomorrow, an Italian quiz tomorrow, and a history test on Tuesday. This semester is almost over and I don't want to mess up, so far I have straight A's. I will continue this argument some other day.
I know that you gave aviation your all and it failed you. I’m sorry. Your advice makes' sense, and I will take it into deep consideration. I'm really hoping finance works, and I will go into investing. I however have to give aviation a try, and if I feel it's not going so well then I will continue the boring life of a financial investor.
By the way, right now I'm poor, I ride the bus to college and can barley afford to buy some fast food. I know what being poor is. I'm not a middle class kid looking to maintain my current status of living. Thanks for your input. It is greatly appreciated. If it helps I don't plan in staying in America, if everything goes well I want to fly for Cathay Pacific. Also while working at the regional’s I plan on living in Guadalajara, Mexico. It's a beautiful place, where most people earn 40 dollars a week. It's a sketchy plan, but I hope it works. Financial investing can be done over a computer, and some human interaction. The flying job will make it easier to fly to meet clients. Etc.
Most importantly like you said, I'm still in college and I could still change things. I still have to give this a bit of more thinking.
I know that you gave aviation your all and it failed you. I’m sorry. Your advice makes' sense, and I will take it into deep consideration. I'm really hoping finance works, and I will go into investing. I however have to give aviation a try, and if I feel it's not going so well then I will continue the boring life of a financial investor.
By the way, right now I'm poor, I ride the bus to college and can barley afford to buy some fast food. I know what being poor is. I'm not a middle class kid looking to maintain my current status of living. Thanks for your input. It is greatly appreciated. If it helps I don't plan in staying in America, if everything goes well I want to fly for Cathay Pacific. Also while working at the regional’s I plan on living in Guadalajara, Mexico. It's a beautiful place, where most people earn 40 dollars a week. It's a sketchy plan, but I hope it works. Financial investing can be done over a computer, and some human interaction. The flying job will make it easier to fly to meet clients. Etc.
Most importantly like you said, I'm still in college and I could still change things. I still have to give this a bit of more thinking.
11-26-2006, 03:12 PM
#19
Self Employed.
Thread Starter
Joined APC: May 2005
Position: Corporate Pilot
Posts: 7,119
Good
Originally Posted by favila008
SkyHigh, I have a paper due tomorrow, an Italian quiz tomorrow, and a history test on Tuesday. This semester is almost over and I don't want to mess up, so far I have straight A's. I will continue this argument some other day.
I know that you gave aviation your all and it failed you. I’m sorry. Your advice makes' sense, and I will take it into deep consideration. I'm really hoping finance works, and I will go into investing. I however have to give aviation a try, and if I feel it's not going so well then I will continue the boring life of a financial investor.
By the way, right now I'm poor, I ride the bus to college and can barley afford to buy some fast food. I know what being poor is. I'm not a middle class kid looking to maintain my current status of living. Thanks for your input. It is greatly appreciated. If it helps I don't plan in staying in America, if everything goes well I want to fly for Cathay Pacific. Also while working at the regional’s I plan on living in Guadalajara, Mexico. It's a beautiful place, where most people earn 40 dollars a week. It's a sketchy plan, but I hope it works. Financial investing can be done over a computer, and some human interaction. The flying job will make it easier to fly to meet clients. Etc.
Most importantly like you said, I'm still in college and I could still change things. I still have to give this a bit of more thinking.
I know that you gave aviation your all and it failed you. I’m sorry. Your advice makes' sense, and I will take it into deep consideration. I'm really hoping finance works, and I will go into investing. I however have to give aviation a try, and if I feel it's not going so well then I will continue the boring life of a financial investor.
By the way, right now I'm poor, I ride the bus to college and can barley afford to buy some fast food. I know what being poor is. I'm not a middle class kid looking to maintain my current status of living. Thanks for your input. It is greatly appreciated. If it helps I don't plan in staying in America, if everything goes well I want to fly for Cathay Pacific. Also while working at the regional’s I plan on living in Guadalajara, Mexico. It's a beautiful place, where most people earn 40 dollars a week. It's a sketchy plan, but I hope it works. Financial investing can be done over a computer, and some human interaction. The flying job will make it easier to fly to meet clients. Etc.
Most importantly like you said, I'm still in college and I could still change things. I still have to give this a bit of more thinking.
Being poor when you are young has a romantic flair. Most everyone you know is also poor and so it seems acceptable. It is no fun at all when you are older and your friends are driving new cars and live in big houses.
Finance I am sure will be fun for you if you decide to pursue it. Perspectives change overtime. My kid dreams of working in a motorcycle shop and so did I at 10. I also use to think I would love cartoons forever.
I hope you do well on your paper.
SkyHigh
Thread
Thread Starter
Forum
Replies
Last Post
