gne in prog
Well-Known Member
So essentially children are only for those with a trust fund.
Airline Bankruptcy Article - VERY IMPORTANT READ
- Thread starter Polar742
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Inverted25
Well-Known Member
So what is real money? Curious what everyone thinks is a lot. To me my dad making well over 100k is a lot. To others if your not making at least a million it's not a lot. So what amount do you consider real money?
gtpilot
Well-Known Member
I know I'm in the majority on this thread, but it floors me how many captains I fly with 'can't afford to live' on guarantee! Also, three FOs I started with declared bankruptcy when we were furloughed because they were living beyond their means.
As for life circumstances, in the past six years of my aviation career, I've been (in order) fired, company went under, company went under, company cancelled flight department, then furloughed. During the same time period, my wife also had one company go under, one company fire her and a county government cut her department in half laying her off just after I was furloughed. All told in the last 8 years I've spent a full year jobless (3 for my wife) because of these events, had 2 kids (one was a technology failure
), had my house burn to the ground, adopted three teens, and paid everyone of my bills on-time, including the stupid aviation school loan I got myself into.
With the exception of a medical (even then it would have to be worst case) I can't imagine ever having to declare bankruptcy because I have always lived well below my means just in case. Just to be clear, I've always had two good vehicles, I buy Macs (yes, I'm on of those), my house is 3000 SF and my wife and I combined have never made more than $70,000 (average $50,000 over the last 8 years). Yes unexpected things happen, but I've lived through enough unusual occurrences in the last decade that I find the 'you can't plan for' argument rater absurd!
Sorry for the diatribe, but it's mind boggling to me how acting irresponsibly (i.e. bankruptcy) has become socially acceptable!
As for life circumstances, in the past six years of my aviation career, I've been (in order) fired, company went under, company went under, company cancelled flight department, then furloughed. During the same time period, my wife also had one company go under, one company fire her and a county government cut her department in half laying her off just after I was furloughed. All told in the last 8 years I've spent a full year jobless (3 for my wife) because of these events, had 2 kids (one was a technology failure
), had my house burn to the ground, adopted three teens, and paid everyone of my bills on-time, including the stupid aviation school loan I got myself into.With the exception of a medical (even then it would have to be worst case) I can't imagine ever having to declare bankruptcy because I have always lived well below my means just in case. Just to be clear, I've always had two good vehicles, I buy Macs (yes, I'm on of those), my house is 3000 SF and my wife and I combined have never made more than $70,000 (average $50,000 over the last 8 years). Yes unexpected things happen, but I've lived through enough unusual occurrences in the last decade that I find the 'you can't plan for' argument rater absurd!
Sorry for the diatribe, but it's mind boggling to me how acting irresponsibly (i.e. bankruptcy) has become socially acceptable!
gne in prog
Well-Known Member
I know I'm in the majority on this thread, but it floors me how many captains I fly with 'can't afford to live' on guarantee! Also, three FOs I started with declared bankruptcy when we were furloughed because they were living beyond their means.
As for life circumstances, in the past six years of my aviation career, I've been (in order) fired, company went under, company went under, company cancelled flight department, then furloughed. During the same time period, my wife also had one company go under, one company fire her and a county government cut her department in half laying her off just after I was furloughed. All told in the last 8 years I've spent a full year jobless (3 for my wife) because of these events, had 2 kids (one was a technology failure
With the exception of a medical (even then it would have to be worst case) I can't imagine ever having to declare bankruptcy because I have always lived well below my means just in case. Just to be clear, I've always had two good vehicles, I buy Macs (yes, I'm on of those), my house is 3000 SF and my wife and I combined have never made more than $70,000 (average $50,000 over the last 8 years). Yes unexpected things happen, but I've lived through enough unusual occurrences in the last decade that I find the 'you can't plan for' argument rater absurd!
Sorry for the diatribe, but it's mind boggling to me how acting irresponsibly (i.e. bankruptcy) has become socially acceptable!
As terrible as unemployment is, medical costs will wipe you out a lot quicker, especially when they are combined with a layoff. It happened to a good friend of mine, and it fell apart rapidly.
There are a lot of ways to go broke, not all of them involve big screen tvs.
Boris Badenov
Fortis Leader
Indeed. The promise of "free markets" is freedom to become the product of your own ambition. The simple fact of the matter is that, as has been outlined above, we have engineered a system that masquerades in the guise of "free markets", but is anything but. And that, if one's personal ambition is to become wealthy (luckily for me, mine isn't), one must constantly and mindfully violate the social compact.
It might be arguable that Bill Gates is an example of what America was supposed to be like. Have a great idea that actually improves lives, work tirelessly to construct and promote it, become fabulously wealthy. But for every Bill Gates there are a hundred Bernie Madoffs and Ken Lays. It's broken. And simply repeating by rote that "the markets" are free and that innovation is rewarded does not make it so.
The only "innovations" that I've seen from the Moneylenders are layers upon layers of new scams to further leverage the future labor of people who don't understand what's being done to them. "Creating" debt is not creating anything (well, misery and social unrest, maybe). It's broken, and it needs fixing. Acknowledging that fact does not make one a Commie or a Socialist, any more than correcting a map makes someone a Flat Earther.
Boris Badenov
Fortis Leader
GET OFF MY LAWN, YOU LITTLE BANKSTA HOOLIGANS!
+10 great post!
SlumTodd_Millionaire
Most Hated Member
If you need a trust fund to be able to afford kids on a $50k salary, then you really don't know how to manage your money.
Oh lord.
I'm keeping this one!
You're going to meet a girl soon, you're going to like her, she's going to like you. Get engaged, married and she's going to want little ATN's bouncing around the house. Then you think L'il Mrs. ATN deserves that big house in Cobb County because you're sooooo close to getting that upgrade.
I'm 41. I know the game, bro! I can't tell you how many of my "Dude, I'm going to be playin' a swingin' single at TGI Fridays for the rest of my life because I ain't NEVA getting tied down!" that are knee-deep in mortgage payments, changing diapers and haven't played golf in years.
SlumTodd_Millionaire
Most Hated Member
Please do.
Oh Dough, how little you know me. My idea of a long-term relationship is when I ask the stripper to stay for more than three dances. :bandit: Marriage? Cold day in hell.
But regardless, it doesn't change the fact that responsible is staying within your income. If someone makes a stupid decision to have a kid or buy a bigger house just because his wife wants it, then he's a pathetic excuse for a man, and totally irresponsible. Again, I have no sympathy.
SlumTodd_Millionaire
Most Hated Member
Living within your means is considered "reinventing the wheel?" No wonder this country is so up.
Nah, the whole "I'll never get married" speech. I gave that one too.
Living within your means is a relative statement. You can live within your means and then "X" happens, then there are a bunch of people on the internet presuming you were living high on the hog.
Living within your means is a relative statement. You can live within your means and then "X" happens, then there are a bunch of people on the internet presuming you were living high on the hog.
SlumTodd_Millionaire
Most Hated Member
Eh, anything is possible I guess. If I am ever stupid enough to get engaged, I'm counting on you to remind me of these posts so I can avert disaster.
Well, living within your means is a lot more than just spending less than you make. It's also about keeping a year's worth of expenses in liquid investments to provide a cushion in the event that "X" happens. There are certainly situations where even that doesn't end up being enough, and I do sympathize in those cases, but they are very few and far between. Far more common is the Delta 767 Captain who is on his third wife and his fourth kid while living in a $750k house in Peachtree City and driving a Mercedes S-Class, then complains that he "can't get by" after he takes a pay cut in bankruptcy because he had no money put aside and was counting on his pension to get him through retirement.
Springer
Well-Known Member
I haven't seen it.
28 yrs between marriages, no squids (kids), $120K house, used C-Class.
jtrain609
Antisocial Monster
Truth.
And yours too! I learned that some of our friends are into bondage! Ha! Smart move putting the pilots in the back by the bar.