What a crazy excuse for a career?
Joined: Aug 2011
Posts: 67
Likes: 1
From: Planet earth
Have tried both slave wages and a pretty good salary. Personally, I am ok with some sort of "lower salary" in the beginning. I started at about 1600 pounds per month Gross as a SEP FI. Now, 10 years down the line; around 133.000/year excluding pension, LHS in LCC with an annual pay increase. I will never own a lambo, but thats ok with me.
Joined: Jul 2011
Posts: 116
Likes: 0
From: Home Counties
Most advisors are thieves.
Not quite true - I left aviation full time to become an IFA and run my business we look after clients with regulation very difficult to be anything else thank goodness. And remember an advisors advice now is effectively guaranteed for life they carry the liability to the grave.
I now FI weekends days off so and that’s keeps me attached to the flying thing. Do ATPL groundschool and PPL IMC night.
I do agree with saving though many don’t and life’s is bleak at retirement - divorce is disaster for most clients Ive dealt with as Wife seems always to get house and many guys start again at 50 plus with a 300K mortgage. And spousal maintance !
Many airline friends love it many hate it but almost all IFAS who work for themselves love it, ones who work for companies not so much, strange old world.
Flying the aircraft is wonderful working for for modern companies not so IMHO.
I now FI weekends days off so and that’s keeps me attached to the flying thing. Do ATPL groundschool and PPL IMC night.
I do agree with saving though many don’t and life’s is bleak at retirement - divorce is disaster for most clients Ive dealt with as Wife seems always to get house and many guys start again at 50 plus with a 300K mortgage. And spousal maintance !
Many airline friends love it many hate it but almost all IFAS who work for themselves love it, ones who work for companies not so much, strange old world.
Flying the aircraft is wonderful working for for modern companies not so IMHO.
Joined: Sep 2016
Posts: 565
Likes: 0
From: N/A
If the European system of (f)ATPLs didn’t exist.
Then you wouldn’t have slave wages.
I’d also like to do away with direct entry captains, cadets and training bonds too.
If the American system were adopted.
Where a ATP is needed to fly in a scheduled service pt 121 operations.
Then they would have to pay a decent living wage to ATPL holders, wIthout being under cut by 250 hour wonder boys.
Current US CRJ/ERJ regional airlines first year wages are mid $60s.
Captains make low to mid $100s.
Non-scheduled service pt 135 operation jobs are plentiful in Bae31, PC12, SD330, BE1900, SA227 types, for hour building with a Commercial Instrument Multi.
Captain jobs are available with a pt 135 letter at 1200 hours.
These pay in the mid $30s range for RHS and high $50s for LHS.
With experience in this market it is possible to by-pass the regionals and go straight to the LCCs.
Restricted ATPs are available with 750 hours if you are ex-military.
1000 hours if you have a bachelors 4 year degree thru an aviation university.
1250 hours if you went thru a pt 141 flight school and have an associates 2 year degree.
Full ATP is at 1500 hours from a pt 61 flight school.
Sounds fair and reasonable to me.
As for the subject of financial advisors. By all means seek their advice, and pay them accordingly for their time.
But I wouldn't buy anything that they were making a commission on selling. I also don’t believe in managed accounts. There is no way you can pay even a 1% fee over a 40 year span and come out ahead. If mistakes are to be made, and they will be. Make sure they are your mistakes. At least you'll know who to sue.
The way I did it, was every time I got paid. I’d pay myself first with an investment. Next came the mortgage. That way, I’d always have a fixed amount to live on each month.
No Lamborghini for me, wouldn't want one. They are for the Kings Road sad prats.
A paid for house and several million will suit me just fine.
I never expected to be so fortunate, and am appreciative for all I’ve attained.
Then you wouldn’t have slave wages.
I’d also like to do away with direct entry captains, cadets and training bonds too.
If the American system were adopted.
Where a ATP is needed to fly in a scheduled service pt 121 operations.
Then they would have to pay a decent living wage to ATPL holders, wIthout being under cut by 250 hour wonder boys.
Current US CRJ/ERJ regional airlines first year wages are mid $60s.
Captains make low to mid $100s.
Non-scheduled service pt 135 operation jobs are plentiful in Bae31, PC12, SD330, BE1900, SA227 types, for hour building with a Commercial Instrument Multi.
Captain jobs are available with a pt 135 letter at 1200 hours.
These pay in the mid $30s range for RHS and high $50s for LHS.
With experience in this market it is possible to by-pass the regionals and go straight to the LCCs.
Restricted ATPs are available with 750 hours if you are ex-military.
1000 hours if you have a bachelors 4 year degree thru an aviation university.
1250 hours if you went thru a pt 141 flight school and have an associates 2 year degree.
Full ATP is at 1500 hours from a pt 61 flight school.
Sounds fair and reasonable to me.
As for the subject of financial advisors. By all means seek their advice, and pay them accordingly for their time.
But I wouldn't buy anything that they were making a commission on selling. I also don’t believe in managed accounts. There is no way you can pay even a 1% fee over a 40 year span and come out ahead. If mistakes are to be made, and they will be. Make sure they are your mistakes. At least you'll know who to sue.
The way I did it, was every time I got paid. I’d pay myself first with an investment. Next came the mortgage. That way, I’d always have a fixed amount to live on each month.
No Lamborghini for me, wouldn't want one. They are for the Kings Road sad prats.
A paid for house and several million will suit me just fine.
I never expected to be so fortunate, and am appreciative for all I’ve attained.
Last edited by button push ignored; 17th February 2018 at 23:06.
Joined: Dec 2000
Posts: 70
Likes: 0
Well done you, what a clever boy! How about a couple more posts just to let us all know what a financial genius you are.
There's probably a middle way between p!ssing away all your income on cars / ex-wives and spending all your time, like bpi, hoarding your cash while life passes you by. True enough, none of us wants to live like a pauper in retirement but, on the other hand, what's the point of relentlessly acquiring digits in a bank account during the prime of your life?
There's probably a middle way between p!ssing away all your income on cars / ex-wives and spending all your time, like bpi, hoarding your cash while life passes you by. True enough, none of us wants to live like a pauper in retirement but, on the other hand, what's the point of relentlessly acquiring digits in a bank account during the prime of your life?
Joined: Oct 2013
Posts: 163
Likes: 0
From: On the road
Why does having a Lamborghini make you a sad prat? They’re fine examples of motoring engineering. I can imagine if you’re enthusiastic about cars, like them and can afford one it might bring you hours of fun and enjoyment. They’re not my cup of tea, but that’s my personal taste.
I always think people denigrating others because they don’t spend their own money on what you personally would choose points rather more to that persons lack of emotional intelligence. And there’s a lot of it about.
I always think people denigrating others because they don’t spend their own money on what you personally would choose points rather more to that persons lack of emotional intelligence. And there’s a lot of it about.
Joined: Sep 2016
Posts: 565
Likes: 0
From: N/A
adolf hucker
I have owned every exotic toy I’ve ever lusted after. Until I didn’t want to own them any more, as they end up owning you. So I sold them. I have traveled the entire world. Until I really don’t care to see anymore. I’ve owned big expensive houses, that I didn’t enjoy. So I downsized. I had high maintenance girl friends, that didn’t take long to tire of.
But one thing stays with me.
One million is essential, two million your safe, and anything over five million doesn’t matter.
What I wanted to avoid was being in my 50s and unemployed. If it were to happen, I needed to know I was safe. A friend who missed the boat is doing his sentence at WOW, or as he calls it AAAAAARRRRGH. Now I know I’m safe, and I’ve done everything I ever wanted to do. For the rest of my life, I’ll have enough to do what ever pleases me.
It was this ‘save first’ point I was trying to get across. Not prove what a clever boy I am. For if I was the financial genius in my early days, I wouldn’t still be pushing tin around at my age.
There is absolutely nothing wrong with exotic cars. But you can’t use them as they are intended on British roads. We all like looking at them. Even if you can fit in the bloody things. They serve no purpose other than ‘look at me’. Which I find rather vain. The Kings Road sad prats is refering to the Dubai set, who aren’t car enthusiasts at all, but lost souls.
I have owned every exotic toy I’ve ever lusted after. Until I didn’t want to own them any more, as they end up owning you. So I sold them. I have traveled the entire world. Until I really don’t care to see anymore. I’ve owned big expensive houses, that I didn’t enjoy. So I downsized. I had high maintenance girl friends, that didn’t take long to tire of.
But one thing stays with me.
One million is essential, two million your safe, and anything over five million doesn’t matter.
What I wanted to avoid was being in my 50s and unemployed. If it were to happen, I needed to know I was safe. A friend who missed the boat is doing his sentence at WOW, or as he calls it AAAAAARRRRGH. Now I know I’m safe, and I’ve done everything I ever wanted to do. For the rest of my life, I’ll have enough to do what ever pleases me.
It was this ‘save first’ point I was trying to get across. Not prove what a clever boy I am. For if I was the financial genius in my early days, I wouldn’t still be pushing tin around at my age.
There is absolutely nothing wrong with exotic cars. But you can’t use them as they are intended on British roads. We all like looking at them. Even if you can fit in the bloody things. They serve no purpose other than ‘look at me’. Which I find rather vain. The Kings Road sad prats is refering to the Dubai set, who aren’t car enthusiasts at all, but lost souls.
Last edited by button push ignored; 13th February 2018 at 17:20.
Joined: Jan 2005
Posts: 1,270
Likes: 0
From: Cloud Cookoo Land
Have you worked outside of aviation? I mean an entirely different profession? One that says it’s 9-5 Monday to Friday, but in reality isn’t. Or have you ever owned a business and have it consume your every day? Ever wake up on a Sunday dreading Monday so much that you are unable to sleep that night?
Been there, done that. Reality is that if you wish the same remuneration (let’s say as an SFO up to Captain of a medium jet) then that’s your life. Every sector in every industry wants more for less. Outside of aviation is no different. I’d happily not go back to anything resembling a ‘desk job’ or the fairytale 9-5
Been there, done that. Reality is that if you wish the same remuneration (let’s say as an SFO up to Captain of a medium jet) then that’s your life. Every sector in every industry wants more for less. Outside of aviation is no different. I’d happily not go back to anything resembling a ‘desk job’ or the fairytale 9-5
Joined: Sep 2016
Posts: 565
Likes: 0
From: N/A
Joined: Sep 2016
Posts: 565
Likes: 0
From: N/A
Unfortunately there was no reply to windshearescape’s claim, so I’ll just ignore him.
But others want a clarification as to why WOW is ‘doing poddidge’?
There is nothing wrong with WOW per se. They are in all, just another low cost carrier trying to eke out a living. By using their geographic location of a barren windswept volcanic rock in the North Atlantic to their advantage.
But who out of choice would wish to commute there, for a twenty day, two way stretch inside, at at disused US Air Force base, miles from nowhere.
They offer discounted accommodation in the former military barracks, but it’s not Butlin’s holiday camp. The locals don’t want you there, the native women aren’t interested. It’s expensive as hell, and a trip into the big city bright lights is underwhelming.
So you just end up bideing your time waiting for it to end. At least on Alcatraz you can swim to freedom.
Seriously though, if any WOW pilots offer guided fishing trips, I’d love to go. But apart from that, I see no reason to ever go there. And if it wasn’t for a half decent paying job, the crews wouldn’t either.
But others want a clarification as to why WOW is ‘doing poddidge’?
There is nothing wrong with WOW per se. They are in all, just another low cost carrier trying to eke out a living. By using their geographic location of a barren windswept volcanic rock in the North Atlantic to their advantage.
But who out of choice would wish to commute there, for a twenty day, two way stretch inside, at at disused US Air Force base, miles from nowhere.
They offer discounted accommodation in the former military barracks, but it’s not Butlin’s holiday camp. The locals don’t want you there, the native women aren’t interested. It’s expensive as hell, and a trip into the big city bright lights is underwhelming.
So you just end up bideing your time waiting for it to end. At least on Alcatraz you can swim to freedom.
Seriously though, if any WOW pilots offer guided fishing trips, I’d love to go. But apart from that, I see no reason to ever go there. And if it wasn’t for a half decent paying job, the crews wouldn’t either.
Last edited by button push ignored; 18th February 2018 at 01:55.
Joined: Jan 2005
Posts: 1,270
Likes: 0
From: Cloud Cookoo Land
Straight answer, don’t go to Iceland if you don’t have to. I say the same to others regarding China, the ME or anywhere else that requires upheaval. If you have reservations from the offset then you’re destined to be unhappy.
Same as any other career in any other industry. If you’re not truely committed then it’s a chore.
If you’re a wannabe, then that’s different. You go where you’re given a break. We all did and made the necessary sacrifices. Again, pretty much the same as any other professional career. Aviation isn’t unique.
Same as any other career in any other industry. If you’re not truely committed then it’s a chore.
If you’re a wannabe, then that’s different. You go where you’re given a break. We all did and made the necessary sacrifices. Again, pretty much the same as any other professional career. Aviation isn’t unique.
Joined: Apr 2012
Aviation Qualifications: PPL
Posts: 402
Likes: 18
From: UK
Funny banking is mentioned, I jacked in a position in the City to go and learn to drive trains for a living, though I also took a good look at commercial aviation. It wasn't really the hours that were a problem (I didn't work for an IB) but I just got sick and tired of the office and the politics. I would only go back if I absolutely had to.
Most jobs in banking, law, accountancy, consulting etc. which pay big money require insane hours and usually have loads of politics attached to them, it's cutthroat and you basically sell your soul to them. I did meet one bloke who really had it made following twenty years in an IB, he said he treated it in his mind like a massive game and that's what kept him going. Funnily enough, at the same event I also met a train driver who had switched from banking...
Most jobs in banking, law, accountancy, consulting etc. which pay big money require insane hours and usually have loads of politics attached to them, it's cutthroat and you basically sell your soul to them. I did meet one bloke who really had it made following twenty years in an IB, he said he treated it in his mind like a massive game and that's what kept him going. Funnily enough, at the same event I also met a train driver who had switched from banking...
