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Old 05-04-2013, 02:43 PM
  #2001  
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At eagle we just had a guy whom flowed to AA last month. He was a line check airman, who was topped out in pay and filled BK. he was making more than 150k at eagle and still had to file bk... Yes that's what these FO,are setting themselves up for!
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Old 05-04-2013, 03:50 PM
  #2002  
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Originally Posted by CarolinaAngler
Probably more common than you think. For some its most likely their first real paycheck so theyre trying to have a little fun.
First real paycheck? Most of the FOs I know took a pretty big pay cut to come to the airlines from whatever they were doing before. I made more flight instructing than both first and 2nd year pay at the airlines. I've met other people who came from jobs outside of aviation who took much larger pay cuts than I did.

That might be part of the problem too though. People are used to living one way, then take a massive pay cut and don't make sacrifices, or didn't have any money saved up to deal with the pay cut.
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Old 05-04-2013, 03:58 PM
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Originally Posted by wrxpilot
Heck, I know a American capt who lives paycheck to paycheck with CC debt.
I can respect that. The truly American thing to do would be to file BK and walk away.
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Old 05-04-2013, 07:06 PM
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Originally Posted by rcfd13
First real paycheck? Most of the FOs I know took a pretty big pay cut to come to the airlines from whatever they were doing before. I made more flight instructing than both first and 2nd year pay at the airlines. I've met other people who came from jobs outside of aviation who took much larger pay cuts than I did.

That might be part of the problem too though. People are used to living one way, then take a massive pay cut and don't make sacrifices, or didn't have any money saved up to deal with the pay cut.
That's why I said some.
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Old 05-04-2013, 07:47 PM
  #2005  
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This career financially is devastating unless you come in with no debt, a good second job and a strict tight budget. The flight schools sure don't push that.
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Old 05-05-2013, 03:12 AM
  #2006  
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Just think, if only Skywest or the flight schools had a budget/loan management class as part of the indoc curriculum... I don't see that happening any time soon, Sku
I agree whole heartedly though. Having crunched the numbers, it's not pretty for years. I can appreciate the fact that you are getting paid for a Type rating and have no contract, but that doesn't pay the bills at the end of the month or help you save for retirement.
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Old 05-05-2013, 03:13 AM
  #2007  
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Does anyone actually take full advantage of the 401k matching they have?
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Old 05-05-2013, 03:19 AM
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Originally Posted by cactipilot
Does anyone actually take full advantage of the 401k matching they have?
I do, but I also came to this industry with no debt. I had a piggy bank saved up and bought a condo so I am building equity as well (hopefully) but that is the only debt I have obtained since I entered this industry.
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Old 05-05-2013, 03:41 AM
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You guys have to think outside the box, just marry a wealthy girl,boom problem solved! I have been in this industry for 7 years and have yet to break $50,000 but I live like a king , dump the FA girlfriends and find a women with a good job
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Old 05-05-2013, 09:07 AM
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Originally Posted by JoeyMeatballs
You guys have to think outside the box, just marry a wealthy girl,boom problem solved! I have been in this industry for 7 years and have yet to break $50,000 but I live like a king , dump the FA girlfriends and find a women with a good job
Mr Meatballs, you've never said anything more true! I'd never give up my sugar momma for an FA!
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