Rich Pilot
12-04-2019, 11:10 AM
#34
Line Holder
Joined APC: Jan 2019
Posts: 75
Originally Posted by 500and2
i agree.
if everyone didn't go waste their money on new cadillac's/hummer's/etc they would be able to pay off debt and invest for their retirement (we all know that the company will not do it for you anymore)
materialism is rampant in our society. Hard to imagine what it will be like the next 10-20yrs.
Educating your children on the pitfalls of such decisions is vital. They probably won't listen now.... but hopefully will thankyou for the "talk" later in life.
cheers,
500and2
if everyone didn't go waste their money on new cadillac's/hummer's/etc they would be able to pay off debt and invest for their retirement (we all know that the company will not do it for you anymore)
materialism is rampant in our society. Hard to imagine what it will be like the next 10-20yrs.
Educating your children on the pitfalls of such decisions is vital. They probably won't listen now.... but hopefully will thankyou for the "talk" later in life.
cheers,
500and2
I read a quote saying "you can still be poor making a million dollars a year." If you spend more than you make, you will never be rich. I am trying to get my wife on board with saving money and to not feel the need to spend.
I think everyone should go see a financial planner (especially families) I always hear these figures that something like 60% of Americans do not have $400 in their bank account for emergencies. Like you said, it is all about education.
12-22-2019, 05:35 PM
#36
Gets Weekends Off
Joined APC: Sep 2007
Position: 777 Captain in Training
Posts: 1,457
Originally Posted by 500and2
i agree.
if everyone didn't go waste their money on new cadillac's/hummer's/etc they would be able to pay off debt and invest for their retirement (we all know that the company will not do it for you anymore)
materialism is rampant in our society. Hard to imagine what it will be like the next 10-20yrs.
Educating your children on the pitfalls of such decisions is vital. They probably won't listen now.... but hopefully will thankyou for the "talk" later in life.
cheers,
500and2
if everyone didn't go waste their money on new cadillac's/hummer's/etc they would be able to pay off debt and invest for their retirement (we all know that the company will not do it for you anymore)
materialism is rampant in our society. Hard to imagine what it will be like the next 10-20yrs.
Educating your children on the pitfalls of such decisions is vital. They probably won't listen now.... but hopefully will thankyou for the "talk" later in life.
cheers,
500and2
12-22-2019, 05:58 PM
#37
Retired.
Joined APC: Mar 2010
Posts: 414
Originally Posted by HIFLYR
Exactly it's not so much what you make it's what you do with it. I know many wide body Captains that can barely make ends meet, because they have too many toys or ex wives.
Learned from working with broke ex-Pan Am pilots, ex-Eastern pilots, Ex-Braniff, etc, etc. 20-25 years ago: It did sink in, the great job and lifestyle can be gone tomorrow.
Sure enough, I ended up on Loss of License and LTD 4 years ago, but all my stuff was paid off, boats, properties, cars, etc. (no ex-wifes, no kids in college)
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