Build a Stable Future: Diversify Your Income as a Commercial Airline Pilot

We all like to take control!

That’s the feeling we get when we take hold of the yoke, or side stick, whether it’s a small single-engine plane, or a transport category aircraft and guiding it skyward, or manipulating the controls for a greased landing!

While we are in control of our flight path, many of us haven’t had the education or the checklist to take control of our financial flight path.

Even on a good day our income depends on so many factors out of our control: the weather; mechanical issues, ground stops, union negotiations, company policies and FARs (that’s Federal Aviation Regulations, for the non-aviation geeks reading!)

Then there is the once, or twice a year medical exam and scores of periodic training sessions, computer-based training and practice in the full-flight simulator.

Few other professions face our unique situation that often spans multiple time zones.

Few other professions face periodic layoffs and displacements – which either eliminate or decimate your paychecks and retirement savings efforts.

Which brings me to an amazing philosophy that puts it all together: Work to earn a living, but invest to create wealth.

This isn’t rocket science, but I’m going to guess many of you were raised just like me – go to school, get good grades, get a good job and you’ll have a rainbow at the end when you retire.

But I have news for you! It doesn’t usually go that way.

Get out of the so called Rat Race, but creating investments that pay for your lifestyle. Create income streams that basically pay the bills.

Exploring avenues that allow us to diversify our income streams and create a more secure financial foundation should be part of basic training, and not wait until you attend a retirement seminar when often it’s too late to take the desired path.

I would love to hear your thoughts. Have you already ventured into other income streams? What challenges have you faced, and what successes have you celebrated? Share your experiences in the comments below and let's inspire and support each other on this journey.

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Remember, fellow aviators, by diversifying our income, we take control of our financial destinies and build a solid foundation for our future. Let's soar high, embrace new possibilities, and secure a brighter tomorrow together!

Leave a comment and get your 10-point Checklist to get our started on your own Success Flight Path. (Click Here) Your future self will thank you!

Until next time, safe travels!

• Melinda & Crew