Get off the roller coaster - and still live the dream!

In an ideal world of aviation, pilots would start with a legacy carrier before they turn 30, start saving for retirement by at least maximizing their 401(k) account and stay married to the same spouse for the entire time.

 

The previous scenario should create a very nice income to support a very nice retirement lifestyle.

 

Unfortunately for many, "livin' the dream" doesn't look like that. It sometimes looks like you're hanging on for dear life!

 

Instead it's a roller coaster, with income taking massive swings as pilots progress from one airline to another, sometimes taking a furlough or displacement along the way. And those are the lucky ones!

 

Many pilots have seen their jobs collapse right under their promising career as the carriers close shop.

 

Personally, I have experienced two airline closures, two furloughs and a displacement.

 

Just when I though the going was going well, 9/11 happened. And then you realize it's well beyond your control.

 

Never again.

 

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What business or investment to start?

Hundreds of pilots are facing a more certain future than they were last March, but so many have lost pay and even entire jobs.

 

Taking control of your own finances and adding income outside the cockpit is really the only way to secure your own financial future, to secure your own Success Flight Path.

If you aren't really sure what type of business or investment to start, start with what sparks you! What interests you? What types of skills you have that lend themselves to profitability?

 

Can you teach something? Sell something? Offer guidance in a particular area?

 

Below are just a few questions to ask yourself when starting your search:

 

What do you like to do?

  • What you are good at doing? (If you're not sure, ask friends, family and co-workers.)
  • What do people ask you for help doing?
  • What you can do that others that they can’t or don’t want to do?
  • What people are willing to pay for you to do?
  • How much would other people pay you to do that, and would that amount be
  • ...
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