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I flew with a fairly young guy that had a partial share of a fedex ground business, Rental properties, Airbnbs, flipped houses, was writing a book, and was into crypto, social media, and NFTs. Divorced and remarried. Even bought a plane. I was like… slowww down….. This was before crypto cratered, NFTs got annihilated, fedex started suffering, fuel prices going up, interest rates doubling, and Airbnb stumbling. Hope he’s alright
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Originally Posted by dera
(Post 3572664)
One of our pilots owns a brothel in Brazil. Can't get better than that.
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Have a few rentals and own a percentage of 3 other businesses, plus automotive work at a shop I own. The rentals and businesses are run by other people. The shop I am the one turning wrenches.
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Originally Posted by OOfff
(Post 3572424)
Onlyfans. Easy to do on the road so it doesn’t even really impinge on my off days.
I’ll sign up for your premium membership |
Originally Posted by Halon1211
(Post 3572932)
what’s your OF handel?
I’ll sign up for your premium membership |
Originally Posted by Halon1211
(Post 3572932)
what’s your OF handel?
I’ll sign up for your premium membership |
A side hustle isn't just for extra income, it should also be for diversification reasons in case one loses their primary source of income. Insurance only goes so far.
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Originally Posted by Aero1900
(Post 3572509)
Buddy of mine used to always toss side business ideas around. Well, actually, he threw me ideas and I shot them down usually.
But the conclusion I usually came to was that nothing would pay as much as just picking up an extra airline trip. For me, I could do all the ground work, learn a new skill, or figure out how to start and run a business, take risk, or just grab a trip in open time and make the money that way. I had a hard time finding something that seemed to have a cost/benefit analysis beat just flying 1 more trip. Obviously owning a thriving business can have tax benefits and possibly be sold for a big profit later on, but there's real risk in starting a business. The statistics on starting a business are not confidence inspiring. |
Originally Posted by SonicFlyer
(Post 3573104)
A side hustle isn't just for extra income, it should also be for diversification reasons in case one loses their primary source of income. Insurance only goes so far.
Plus, picking up flying means even more time away from home, and who wants that? |
Originally Posted by jaxsurf
(Post 3573119)
Exactly.
Plus, picking up flying means even more time away from home, and who wants that? Things like rentals with a property manager are less work, but you’re still the one in charge and have to manage the manager. While pilots can lose their medical, there’s something valuable in just living in base and picking up a one or two day. To me, living beneath your means and being debt free is the best insurance and head start one could have. My point is that very few things are just “set it and forget it”. You’re still working |
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