Skywest
05-06-2013 | 06:51 PM
#2021
Line Holder
Joined: Apr 2013
Posts: 1,222
Likes: 8
I watch him for entertainment. He does get pretty fired up
05-06-2013 | 10:04 PM
#2022
Line Holder
Joined: Nov 2012
Posts: 309
Likes: 3
From: Stick Monkey
Like I said, for the basics, she is better than umm knowing nothing. 
Just watch the Daily show's frying of Jim Cramer and that will help you appreciate what a sham that show is too...
Just watch the Daily show's frying of Jim Cramer and that will help you appreciate what a sham that show is too...
05-07-2013 | 12:05 PM
#2023
Line Holder
Joined: Nov 2012
Posts: 309
Likes: 3
From: Stick Monkey
Basically, if you're anywhere, Skywest or not, I hope everyone is paying in to their own retirements and saving up since we know the company won't exactly be your mother hen when it comes to that time.
05-07-2013 | 12:47 PM
#2024
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,618
Likes: 558
From: Engines Turn or People Swim
This discussion illustrates just one more of the many costs of a (civil) aviation career, and one that most are unaware of...
All these financials gurus will tell you that the key to long-term financial success/security is to minimize debt early and start saving as soon as you enter the work force. The power of investment appreciation over time cannot be understated, but most pilots barely have money for student loans and ramen in the early years, thus losing out that vital build-up of assets when it counts the most. It's like starting a takeoff roll halfway down the runway so that V1/VR is somewhere in the approach lights off the departure end...
Financial planning in aviation is similar to that practiced by powerball players...hope you grab the brass ring (the purple or brown one).
All these financials gurus will tell you that the key to long-term financial success/security is to minimize debt early and start saving as soon as you enter the work force. The power of investment appreciation over time cannot be understated, but most pilots barely have money for student loans and ramen in the early years, thus losing out that vital build-up of assets when it counts the most. It's like starting a takeoff roll halfway down the runway so that V1/VR is somewhere in the approach lights off the departure end...
Financial planning in aviation is similar to that practiced by powerball players...hope you grab the brass ring (the purple or brown one).
05-07-2013 | 05:27 PM
#2025
Gets Weekends Off
Joined: May 2009
Posts: 1,272
Likes: 0
From: Another RJ FO
On FO pay with student loans? You've gotta be kidding. Without paying anything into my 401k I barely afford food and I don't even own a car or a TV. Not paying for gas or cable bills helps... My plan is pretty much to work until I die unless I get hired by UPS or something.
05-07-2013 | 05:50 PM
#2026
Bracing for Fallacies
Joined: Jul 2007
Posts: 3,543
Likes: 0
From: In favor of good things, not in favor of bad things
On FO pay with student loans? You've gotta be kidding. Without paying anything into my 401k I barely afford food and I don't even own a car or a TV. Not paying for gas or cable bills helps... My plan is pretty much to work until I die unless I get hired by UPS or something.
05-07-2013 | 06:14 PM
#2027
Bracing for Fallacies
Joined: Jul 2007
Posts: 3,543
Likes: 0
From: In favor of good things, not in favor of bad things
This discussion illustrates just one more of the many costs of a (civil) aviation career, and one that most are unaware of...
All these financials gurus will tell you that the key to long-term financial success/security is to minimize debt early and start saving as soon as you enter the work force. The power of investment appreciation over time cannot be understated, but most pilots barely have money for student loans and ramen in the early years, thus losing out that vital build-up of assets when it counts the most. It's like starting a takeoff roll halfway down the runway so that V1/VR is somewhere in the approach lights off the departure end...
Financial planning in aviation is similar to that practiced by powerball players...hope you grab the brass ring (the purple or brown one).
All these financials gurus will tell you that the key to long-term financial success/security is to minimize debt early and start saving as soon as you enter the work force. The power of investment appreciation over time cannot be understated, but most pilots barely have money for student loans and ramen in the early years, thus losing out that vital build-up of assets when it counts the most. It's like starting a takeoff roll halfway down the runway so that V1/VR is somewhere in the approach lights off the departure end...
Financial planning in aviation is similar to that practiced by powerball players...hope you grab the brass ring (the purple or brown one).
Yes. Rickair and I seem to be pretty much on the same page here.
I really encourage people to flight train at cheaper flight schools and avoid the big dollar institutions. Again this is life changing debt. I had military benefits so I came out with money in the bank. It cost me a few years, but it can be done. There are also good paying freight gigs, too. Freight may or may not top out at Senior RJ capt rates, but freight starts decent usually.
If someone wants to go to big dollar schools, fine. But, realize the implications of your decision. Be smart with your money! Don't just automatically major in aviation at XYZ Big Name Flight School without careful consideration.
05-07-2013 | 08:28 PM
#2028
Gets Weekends Off
Joined: May 2009
Posts: 1,272
Likes: 0
From: Another RJ FO
05-07-2013 | 08:54 PM
#2029
Gets Weekends Off
Joined: Oct 2005
Posts: 1,186
Likes: 0
From: RJ Captain
I flew with a guy a couple months ago that had a $1200 a month student loan payment. -- That's a house payment. It's around half of his take home pay. Lives in his parents basement. He's been here at SkyWest over 5 years.
Thread
Thread Starter
Forum
Replies
Last Post
