other sources of income

N

nwa757

Well-Known Member
Getting into the airline business I am looking to bring in another source of income as many of the pilots that i know at the majors do. Real Estate, Car Sales, Energy Companies, Investing... I need to work on paying off college loans.

Do any of you have alternate sources of income? (besides a sugar mama)

Not looking for any sarcastic remarks...
 
nwa757 said:
Getting into the airline business I am looking to bring in another source of income as many of the pilots that i know at the majors do. Real Estate, Car Sales, Energy Companies, Investing... I need to work on paying off college loans.

Do any of you have alternate sources of income? (besides a sugar mama)

Not looking for any sarcastic remarks...
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I have heard that some substitute teach. So if I may, I'd like to add an addendum to this post asking those who substitute teach what sort of requirements are necessary. (if that's okay, nwa :) )
 
Chris_Ford . . . asking those who substitute teach what sort of requirements are necessary. (if that's okay said:
A couple years of college, a spotless criminal record, TB test, and patience enough to hear 13-year olds say, "Mr. Williams, why are you wearin' 'dem funny shoes? Ooooh, uh-huh, I know he didn't just tell me to sit down . . . "

At least here in good 'ole Nash-Vegas!!!

Etc, Etc, Etc.

It'll make you wanna smoke in the bathroom - especially since teachers can't smoke in the building anymore . . . :mad:
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Chris_Ford said:
I have heard that some substitute teach. So if I may, I'd like to add an addendum to this post asking those who substitute teach what sort of requirements are necessary. (if that's okay, nwa :) )
Click to expand...

I've been a substitute teacher for 10 years...and still do because I enjoy it. In my school system I can teach K-12...and actively teach all grade levels. I fill in for middle and high school math teachers...and all elementary grade levels.

Last week I introduced the pythagoreum theorom to 10 graders. The week before I taught first graders how to add two decimal places (add the ones column carry the 1 to the tens). A couple of months ago I taught 1st graders their first attempts at alphabetizing words. It can be really rewarding watching learning take place.

I do it because I enjoy teaching. In most states if you have a BS degree you are eligible. I earn a bit more $$ because I have a MS degree. It pays about $100 per day...it pays for greens fees in the summer.
 
nwa757 said:
Getting into the airline business I am looking to bring in another source of income as many of the pilots that i know at the majors do. Real Estate, Car Sales, Energy Companies, Investing... I need to work on paying off college loans.

Do any of you have alternate sources of income? (besides a sugar mama)

Not looking for any sarcastic remarks...
Click to expand...


I have a real estate LLC that holds some rental property. I really don't make any money off of it...but it's a long term investment. I view it as retirement income...as the properties will be paid off in my retirement years.

As for good cash flow...there's a lot of opportunities out there. I'm evaluating a company right now that's got my attention. Ultimately, I'm not sure it's going to work for a couple of reasons...but my accountants reviewing their past tax returns right now.

If you can find a service based product with low overhead and inventory...that you can sell/provide on your own schedule...it's a really good fit for an airline pilot. For me...I look for something people really want to buy and the service sells itself...I wouldn't be a good Amway salesman.

Anyway...just like your 401k investments...you need to diversify your income in multiple streams, ideally. If you can diversify your income...when one source goes away for awhile...you are not wiped out.
 
B767Driver said:
I've been a substitute teacher for 10 years...and still do because I enjoy it. In my school system I can teach K-12...and actively teach all grade levels. I fill in for middle and high school math teachers...and all elementary grade levels.

Last week I introduced the pythagoreum theorom to 10 graders. The week before I taught first graders how to add two decimal places (add the ones column carry the 1 to the tens). A couple of months ago I taught 1st graders their first attempts at alphabetizing words. It can be really rewarding watching learning take place.

I do it because I enjoy teaching. In most states if you have a BS degree you are eligible. I earn a bit more $$ because I have a MS degree. It pays about $100 per day...it pays for greens fees in the summer.
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So do you just apply at the district headquarters, or what? And Lloyd, what's a TB test?
 
Probably one of the best ways to do it is with an initial investment - trade options (stock options). Call a broker at Morgan Stanley and let them know you are interested in trading some options, stocks, call outs, ect. If you are really interested, consider a good franchise. I have a best friend who owns 3 Subways and does really well. It does require a specific amount of net worth but can be a good investment. If you are looking for a side business, I have a brother who started a carpet cleaning business and makes six figures. Bought a van for around 30K and sends out Money Mailers each month to generate about 8-10K in homes and another 10K in commercial business. He hired a GM to run it. Pays him 22% and keeps the rest for overhead and himself.

Good luck.

PS SKYW is hanging around $26-27 per share. My bet is $35 within 45 days. Any takers?
 
Chris_Ford said:
So do you just apply at the district headquarters, or what? And Lloyd, what's a TB test?
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There should be a human resource office associated with you school system. Are you in West Lafayette? It could be a Tippecanoe County School system or a town or city system. Also there will be private schools that work differently. Anyway...find out where the human resource office is...present yourself...and ask how you apply for a substitute teaching position. In an area that size...there may be multiple school districts...so you could apply to all or one. Depends how busy you want to be. I think I once figured that if I worked everyday I would earn around $25k a year.

My tax return last year showed $1200. As you can tell...I don't sub very much. Depends if I'm on reserve or not...If I'm on reserve and not getting called out...I'll sub more. Typically about once a month or so. I was on reserve last month and flew 4 days...so I taught a bit more that month.
 
B767Driver said:
There should be a human resource office associated with you school system. Are you in West Lafayette? It could be a Tippecanoe County School system or a town or city system.
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Dear God, I hope I'm not living here after graduation! :) But thank you for the help, I get what you're saying. Thanks!!
 
B767Driver said:
It can be really rewarding watching learning take place.

I do it because I enjoy teaching.
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If this pilot thing somehow doesn't work out for me, I will be next in line for a teaching certificate. I love to teach and show people new things.
 
Meritflyer you make it sound so easy - "He hired a GM to run his business" - yeah like those guys are just hanging around street corners waiting for a job.

I am having a hard time finding employees that understand the I pay them to work. Nobody wants to do anything!

Back to the topic:
If you want to make extra cash, I suggest taking a look at delivering pizzas - it's easy money, and all you need is a car.

I worked my way thru college doing it.
 
I use to do per diem work in the emergency department. They pay around 200-300 bucks per day.

It's entertaining to see the kind of trouble people get into. Some days I almost want to give some of the money back....Nah :D
 
For Subsititute teaching in Cali, you have to take the C-BEST exam and then apply to the different districts. I heard most will hire just before the school year (sept. and Aug), You arent gonna find too many hiring during the middle of the school year.

meritflyer said:
If you are really interested, consider a good franchise. I have a best friend who owns 3 Subways and does really well. It does require a specific amount of net worth but can be a good investment.
Click to expand...

I really dont think thats feasible if you are already flying for an airline. I think it would take up too much of your time intially for start-up. Even tho you might think a franchise is a turn-key business, I bet for at least the first 6 months to a year, you would ahve to be there everyday, all day. Running restaurants aint an easy business.
 
This is an excellent thread! I too would like to know. I owe six figures in school/educational loans and I'm still instructing. :(

Neil
 
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