Having the best of both worlds

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Typically flying Charter will give you a much better background for Corporate Aviation then the Regionals will... Corporate Operators generally like to see Charter type flying since the equipment and job more closely match Corporate flying then the Regionals do...

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For reference, I am 36 and making more than double the number you posted here... You will certainly do better financially (at your age) in Corporate than you will at the Regionals...

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...and one of the reasons why I'm leaning that way. See? I listen.
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I'm also in a good position because there are several small(er) corporate guys that fly out of my FBO (mainly King Air's, but also two Citations, three Chieftains and a Cheyenne). Occaisionally, the instructors get to get some PIC with them (most of these corporate guys also keep their instructor ratings current).

The chances to network within the corporate environment are most definitely there. Since chatting with FalconCapt. and meeting/hanging out with C650Capt. and a couple of others, I most definitely have a game plan.

Now all I have to do is go put it in motion and see where it takes me.
 
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Typically flying Charter will give you a much better background for Corporate Aviation then the Regionals will... Corporate Operators generally like to see Charter type flying since the equipment and job more closely match Corporate flying then the Regionals do...

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For reference, I am 36 and making more than double the number you posted here... You will certainly do better financially (at your age) in Corporate than you will at the Regionals...

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...and one of the reasons why I'm leaning that way. See? I listen.
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I'm also in a good position because there are several small(er) corporate guys that fly out of my FBO (mainly King Air's, but also two Citations, three Chieftains and a Cheyenne). Occaisionally, the instructors get to get some PIC with them (most of these corporate guys also keep their instructor ratings current).

The chances to network within the corporate environment are most definitely there. Since chatting with FalconCapt. and meeting/hanging out with C650Capt. and a couple of others, I most definitely have a game plan.

Now all I have to do is go put it in motion and see where it takes me.

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The only thing that makes me worried about corp flying is the stability. Now I know that some of you have been flying with your current gig for years and years, but that is rare. I've seen corp gigs thriving one day and gone the next. THE SAME CAN BE SAID ABOUT AIRLINES! Just covering my rear.
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However, everyones got a different opinion on this. I do appreciate the different aspect your showing me. Everything that comes to this table helps all of us and keeps us from making others mistakes.

I think the only place out of SNA that does real corp is West Coast charters. I don't know much about them though.



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looks like the pistons baby. Lakers got their butt's handed to them tonight.



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Does anyone remember when the Lakers were down on the Spurs a couple of series ago. No one thought they could find a way thru it. You will see! And you know whats gonna be the best is all these fans get a little taste of the championship then the Lakers are gonna take it away and steal it from them. Thats the best part about it.
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Unfortunately, no side of the aviation is the end-all-be-all, they all have their pluses and minuses. Example: airlines furlough, corporate flight departments can fold during downsizing, and the military will "involuntarily separate" you (read: furlough) when the force structure is too big. It depends on what your particular tastes are. But there are no guarantees to anything in aviation, unfortunately.
 
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It depends on what your particular tastes are. But there are no guarantees to anything in aviation, unfortunately.

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You know when you buy a car and they have to post certain laws on the wall in plain view before you buy the car, i.e. no cooling off period......well......the previous quote should also be engraved in stone and shown to anyone getting in this profession.
 
mvric, that all sounds like a great plan. I myself thought about one day having an aviation job as well as a bussines. Real state gives you a lot of money. Just 2 years ago my parents bought our apartment for 75K, now it is worth 150K. My teacher said that 6 years ago he bought a lot in Key West for 100,000. Now it is worth about 500,000. Down here in FL property values are just going up.
 
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It depends on what your particular tastes are. But there are no guarantees to anything in aviation, unfortunately.

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You know when you buy a car and they have to post certain laws on the wall in plain view before you buy the car, i.e. no cooling off period......well......the previous quote should also be engraved in stone and shown to anyone getting in this profession.

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Why limit it to aviation? THERE ARE NO GUARANTEES (except death and taxes).

MF
 
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The only thing that makes me worried about corp flying is the stability. Now I know that some of you have been flying with your current gig for years and years, but that is rare.

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It isn't as rare as you might think... I know a lot of guys who have had very long, and very successful careers at the same company... You are right about the airlines... just go ask some guys who were hired at USAir back in 1988 who are out of work right now, or the former TWA 767 Captain who is on furlough as we speak... There is no true stability in Aviation...


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I think the only place out of SNA that does real corp is West Coast charters. I don't know much about them though.

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Well judging by the name I'd say they aren't "real" corporate... Sounds more like a Charter company to me than a Corporate Operator... There is a HUGE amount of Corporate as well as Charter aviation in California though...
 
I'm familiar with a pilot (Doug, maybe you know a Mr. Howard?) that flies an MD-87 out of ATL for half the month and flies for an air ambulance service on the side, in addition to working on his doctorate I believe (!). That's something I think I would enjoy (although maybe I wouldn't go for a doctorate at the same time
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).

The interesting thing is trying to guess what the industry is going to be like 10 or more years from now when it's my turn to enter it. Who knows what the next 5, 10, or 15 years could bring?
 
What I don't understand is why everyone thinks that $60,000 per year is so horrible. That's plenty of money to live on. Heck, I make less than 20K and I don't worry about money much at all. Of course, I don't have a giant house, an SUV, and a nagging wife like all my friends who do seem concerned about money.
 
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What I don't understand is why everyone thinks that $60,000 per year is so horrible. That's plenty of money to live on. Heck, I make less than 20K and I don't worry about money much at all. Of course, I don't have a giant house, an SUV, and a nagging wife like all my friends who do seem concerned about money.

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You answered your own statement. When you do have a house (doesn't have to be "giant" - any house will do), a car payment, car insurance, wife (whether she nags or not), homeowner's insurance, life insurance, children....... $60K wont' seem like a lot of money.

But, when you are single, living at home, driving a car that Mom and Dad paid for and all you have to spend money on is beer and beer - "less than $20K" is a world of money to you.

You'll be singing a different song some day. I promise! I remember when I thought $20K was a decent income.
 
I've been wondering the same thing...my dad brings in about $45k here and we live quite comfortably. Then again it also depends on the cost of living for where you live - I've heard that Louisville is quite cheap to live in when compared to larger cities.
 
Alright ready2fly, let's take a look at my costs:

rent: $450
utilities: $80 (average, includes cell phone)
car payment: $360
car insurance: $85
total per month= $975

That leaves me around $600 in my pocket (minus gas, ugh!)

Maybe it's just me, but I do just fine with that.
 
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Alright ready2fly, let's take a look at my costs:

rent: $450
utilities: $80 (average, includes cell phone)
car payment: $360
car insurance: $85
total per month= $975

That leaves me around $600 in my pocket (minus gas, ugh!)

Maybe it's just me, but I do just fine with that.


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Wow, you must be superhuman. Nowhere on there do I see food.
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Well, ask yourself this: How much equity do you have in that apartment you're renting? When you leave there, how much will you make from it?

I hear you on gas.
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Believe me - and I'm really not trying to rag on you, but there will come a time when $20K simply won't do it.
 
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Alright ready2fly, let's take a look at my costs:

rent: $450
utilities: $80 (average, includes cell phone)
car payment: $360
car insurance: $85
total per month= $975

That leaves me around $600 in my pocket (minus gas, ugh!)

Maybe it's just me, but I do just fine with that.

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Mortgage & Taxes: $1,633
Mortgage: $500 (voluntary additional principle payment)
2 college funds: $500
Car Payments: None
Car Insurance (2 cars): $110
Utilities: $450
Gas Money (2 cars): $220
Food (Myself, Wife & 2 kids): $1,000
Misc. Expenses (clothes, diapers, treats, other): $600

Just a rough estimate here but this totals $5,013 per month which is $60,156 per year... So I need to bring home $60,156 per year AFTER TAXES just to break even! This requires a minimum salary somewhere in the neighborhood of $92,500 per year... Now throw in another $1,100 per month (pre tax) as a 401k contribution and you need a salary around $105,500...

Hows that $20,000 or even $60,000 look now?

And for your reference, when I bought this house, I put over 50% of the value down as a down payment... An average person puts less than 20% down (some as little as 5%), so their mortgages would be significantly larger than what mine is...

Don't fool yourself, life isn't cheap...
 
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Mortgage: $500 (voluntary additional principle payment)

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that right there will save you tens of thousands of dollars over the life of your morgage. The more you throw at the principle the more you save over the long run.
 
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Mortgage: $500 (voluntary additional principle payment)

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that right there will save you tens of thousands of dollars over the life of your morgage. The more you throw at the principle the more you save over the long run.

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That is EXACTLY why I am doing it... My oldest daughter just turned 5, my goal is to have my house completely paid off before she enters college (in 13 years)... My current mortgage is just over 1 year old, so I will have a 30 year mortgage paid off in 14 years (Plan A)... I have another plan (Plan B) that I am working on that may have my mortgage paid off within the next 8-9 years depending how my company stock does... Regardless of how the stock does, the 13 year goal is obtainable, Plan A is not tied to any investments whatsoever... At my current pre-payment rate (Plan A) I will save over $105,000 in interest during the life of my loan, using Plan B I will save nearly $120,000 in interest over the life of my loan...

Not to mention that I have been in this house for a tad over 3 years and its market value has appreciated by over $100,000...
 
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Not to mention that I have been in this house for a tad over 3 years and its market value has appreciated by over $100,000...

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Yeah, it's crazy, isn't it? You just thought you were getting a place to live and the next thing you know, the house is worth a boatload more than it was when you bought it, and you're like, huh?
 
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Yeah, it's crazy, isn't it? You just thought you were getting a place to live and the next thing you know, the house is worth a boatload more than it was when you bought it, and you're like, huh?

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Exactly... This is my second house... my first one was much smaller (1,400 sq. ft.) with no basement, in the 6.5 years I owned that one it went up about $60,000 in value. My current house is much larger (2,900 sq. ft. and if you include the finished basement, about 4,200 sq. ft.) and in just 3 years I have seen an increase of about $105,000 in value!

Gotta love owning your home... great investment... When I calculate in the appreciation, it is like getting paid $1,283 per month to live here! (Appreciation has been about $2,916 per month average (trailing 36 months) and my mortgage is $1,633, so $2,916-$1,633=$1,283)
 
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