Worsening Pilot Shortage
04-12-2016, 06:44 AM
#571
Gets Weekends Off
Joined APC: Mar 2016
Position: Sitting and waiting
Posts: 443
Originally Posted by rickair7777
Unlike for the last generation of pilots, your plan will probably work out financially in the long run due to heavy demand for pilots. But nothing is for certain, this industry is very sensitive to a lot of outside factors.
One does not simply "financially plan" a career in aviation...
04-12-2016, 08:23 AM
#573
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,297
Originally Posted by aviator493
One does not simply "financially plan" a career in aviation...
04-12-2016, 08:31 AM
#574
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,097
Originally Posted by iDonkyPunch
Bahaha thats good stuff. Chances are it will be around 62k including going from my associates to my bachelors and flight training thanks to pell grant money (18k) worth. Not including any other funds I get through the college. I wish I had the time to go the slow way.
I am 28 and after losing a good job am ready to go after what I always wanted to do now that the job market has improved.
Either way it sucks and I already feel financially violated lol
I will be driving by DTW every day on my way to school.
I am 28 and after losing a good job am ready to go after what I always wanted to do now that the job market has improved.
Either way it sucks and I already feel financially violated lol
I will be driving by DTW every day on my way to school.
A buddy of mine lived in an RV he bought for $6,000. He parked it at someone's house and plugged it in there for around $150/month in rent. Everything he earned went to paying his $75k in loans which he did in under two years.
Another lived in a crash pad, $250 for rent, but flew so much he was hardly there. Also paid back his substantial loan amount in two years.
Don't go buy a new car. Don't go out drinking on overnights. Pack your food. Pick up all the overtime you can. You will have those loans paid off in no time.
If you are still single consider then saving for a house that can be turned into a crash pad. Live there and let others pay your rent. Homes in the Philly area (the one I'm familiar with) can be bought for around $100-$120k. Stuff 11 beds in there (yours makes 12) and you're looking at $24k in rent even assuming 80% occupancy.
We have FAs at my company who own several crash pads that make more money from them than their regular mainline FA job.
This is a 10 year plan. Just know that. It may take less time to get on with a major but that is about what you're going to take if you are even lucky. The industry is going to be very, very different in 10 years. Who knows what airlines will be around.
04-12-2016, 04:33 PM
#576
On Reserve
Joined APC: Mar 2016
Posts: 12
Originally Posted by atpcliff
What I was reading, also. DAL check airman was told UND is 95% foreign students. Another CFI in training...only 4 in his tng class...school has 200 students...almost all Chinese...begging for instructors.
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