Even Kit Darby feeling the pain....

Well, the minute you drive a car off the lot it loses about $5K. I tend to drive a car until the wheels fall off or the engine blows up. Both of which have actually happened to cars of mine in the past.
 
Drive it til it drops, baby!

My car is going on seven years and you know what?

I think it'll last another seven. No major problems, knock on wood.

All I've done is do routine maintenance on it. The only other thing I've done besides that is buy new tires after about 65K miles.
 
I agree with all of your statements.

It is a really sad that someone can't make living on 150,000. That is a three year salaries combination of me & my wife. That is just really sad.



adreamer
 
Add an ex-wife and a couple of college-aged kids, that $150 grand'll go pretty quick.
 
You know what, I think it's bred into our genes.

We Asians tend to be tightwads.

Now combine the genetics with the learned cheapness of pilots, and boom, you've got a guy who would take a penny and turn it into copper wire so that he could tie down something that's loose on his airplane!
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Steve, two words: Oil Change!

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Well, when the gasket on the main seal pops on the highway and starts spilling oil like Spy Hunter, there's not much to change. The last car actually had the engine go out twice due to some kinda vaccum failure in the oil system. Oil wasn't getting to the engine. Maybe that's why they don't make the Geo Storm anymore......
 
[ QUOTE ]
Well, when the gasket on the main seal pops on the highway and starts spilling oil like Spy Hunter, there's not much to change. The last car actually had the engine go out twice due to some kinda vaccum failure in the oil system. Oil wasn't getting to the engine. Maybe that's why they don't make the Geo Storm anymore......

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Or when a radiator hose bursts, producing a red overheat light, and the 16 year old driver and wife passenger see it and decide: "We'd better drive straight home so dad can look at it."
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Or when a radiator hose bursts, producing a red overheat light, and the 16 year old driver and wife passenger see it and decide: "We'd better drive straight home so dad can look at it."
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Wow, your 16 year old has a wife?
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Couldn't resist.
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Wow, your 16 year old has a wife?
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Couldn't resist.
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It wouldn't surprise me. Nobody tells me anything around here. Except that "the car's in the garage and it sure is smoking a lot and making hissing noises."
 
Thanks!

The problem is, that most people reference everything to themselves.

If one is a college student, making ends meet on a $10,000/year budget, $150K sounds like you've got money coming out of your ears and you're purchasing a brand new car monthly.

Not so.

$150K/year looks a lot like a couple of $3500 checks per month.

Now when you've got wife, kids, a car payment and a house payment, that money gets eaten up with catlike quickness.

And that's before you think about utilities, student loan payments and trying to save something for your future apart from any "company retirement" which may or may not be there when you hit 60.

Plus, you're living in fairly large metro areas. People think "Well, I live in Firebaugh, CA where a median house is $100K, but the chances of you being able to live in an affordable area working for an airline is slim to none."

The real world is expensive!

So the people that preach all high and mighty about how poor Kit Darby needs to 'suck it up' need a reality check. Believe me, I was the guy in college preaching about how Eastern pilots should be happy at $80K/year because my daddy was making $40K/year and I had an Atari 2600 and a brand new Schwinn when I was growing up.

Then I saw the light. Fortunately, not too late.
 
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"As a result, Darby's pay will go from about $230,000 to $150,000."

My Capt & I laughed so hard on that one this morning!
So does that figure also include his income from that 'side businesss' of his???

"The pair's household income has shrunk by at least $150,000 a year, forcing them to rely on savings to pay the bills. "

Shrunk by $150K? So even if the two took a combined 50% paycut they were still pulling down $300K to start with! What kind of bills do these two have that they BOTH can't live off his new lower salary?! They have to live off savings? YGTBSM! Does he have some unreal alimony payments or something?

Did ya notice the "Pilot Hiring & Firing" stats at the bottom of the article we provided by none other than Air Inc?!
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Nearly everyone lives beyoind their means anymore ...
 
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$150K/year looks a lot like a couple of $3500 checks per month.

[/ QUOTE ]It doesn't even look like that. The wife and I together are in the $150K ballpark, and it looks much more like $75K take-home after state and federal taxes, FICA, insurance, union dues, retirement, parking, etc. come out. Then we still have to pay for home payments, student loans, and all the other ordinary expenses of life. We are certainly comfortable and feel lucky to be where we are, but it certainly isn't Lifestyles of the Rich and Famous.
 
Very true!

I'll probably catch a lot of slack for this, but people think $100K is a lot of money. If you're living in an apartment, no car payment and no debt, it's a comfortable living, but the second you have a house and a car, that money goes away with catlike quickness.

$100K was a lot of money back in the 70's, but if it's going to take you 18 years to reach that level as an 18-year CRJ captain, if it's not that much in 2005, imagine how little it's going to be in 2023.
 
[ QUOTE ]
You know what, I think it's bred into our genes.

We Asians tend to be tightwads.

Now combine the genetics with the learned cheapness of pilots, and boom, you've got a guy who would take a penny and turn it into copper wire so that he could tie down something that's loose on his airplane!
buck.gif


[/ QUOTE ]

Ya know, after reading all the replies, I think we could be related as I am a bit of a tightwad too. (Funny, I don't look a bit Asian!
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) I am a pretty frugal gal, even though I love to spend money. I am just real discriminating about how I do it.
 
Tony, you can surely appreciate this:

"Over the years our average income has been less than $30,000 (including my husband's Navy salary and all allowances, plus my spotty freelance income). In less than seven years we saved $49,000, made significant investment purchases (vehicles, appliances, furniture) of $38,000, and were completely debt free! That is an annual savings/investment rate of over $12,500 per year, or 43% of our gross income..... it was the attention to all the thousands of ways we spent our money that made a tremendous difference." ~Amy Dacyczyn, author of the "The Tightwad Gazette"
 
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