Dilemma. To try or not to try.

[miket_68]

Or a crisis.
Not sure if this belongs here or RotorHeads, appologies if incorrect.
Passed my PPL(H) June this year.
Got my R44 Rating. +17 stone
After a short battle with the CAA got my class 1 (Lasik treatment).
Started Module 1 DL BGS.
Lost weight
Got my R22 Type rating for the hour building.
Sat down and worked out some financial options..........
The only one I could come up with is remotgage the house, which the wife is ok with..well sort of.
Currently in IT but bored with it.
Really looking forward to doing the Hour building CPL, FI and enjoy the buzz of the airfields I have visited.
This has been a ambition of mine to be a pilot for years, only held back by the Class 1.
Looking to finance the HB, CPL, FI total UK costs £65000 including time off (mortgage still has to be paid).
States not an option and not much cheaper after accomadation food etc (wife and son still need to eat and be dry).
My question is.... viability. After all the training is over, I need to clear £2000 per month to pay mortgage (including £65k training), bills etc.
Is £2k / month take home a viable wage for a low hour newbie FI ?
I have been advised that £40/hour would be rightish.
3 hours per day - £120 * 5 days * 4 weeks = £2400 minus tax = £1600
This wont pay the bills. Are these figures correct, am I way off base.
I dont want to give up as I have been very motivated to get this far (just hadn't done enough research by the look of it).
What are your views, opinions etc.
Be kind but by no means sugar coat your responses.
Many Thanks.
MikeT

[Mungo Man]

I'm not up to speed on rotary wages but I can say with a degree of certainty that you will not clear £2000 a month in fixed wing instructing. Indeed you would be lucky to earn £1000 pre-tax in full time fixed wing instructing initially.

Although these wages don't necessarily carry over to the rotary world I can't imagine the gap would be huge.

There are many first officer airline pilots who struggle to take home £2000 a month...

Good luck though!

[Kit d'Rection KG]

The rewards go no-where near meeting the demands of the job any more, and it's still in a horrible downward slide.

Don't even think of it!

[Bravo73]

Mike,

You are better off asking this in Rotorheads.

T&Cs (especially wages) are significantly different for fixed-wing and rotary instructors.

[hugh flung_dung]

Stay in IT and become a part-time FI. This gives the best of both worlds while you need the money, then gradually phase-out the IT side when money has become less of an issue (and by then you're worth more as an experienced FI)
My 2'pennorth. (It's worked for me )

HFD