Softpayman

I was responding to somebody who said “Our people (SWA)are actually working. Not sitting on their ass collecting a check...” Merely pointing out that you exactly do have people doing that.

What’s wrong with soft pay? I’ll take an hour of pay at home or on a beach any day....when your credit= block do they give you guys extra stars? Pass....

WHACKMASTER

Nothing wrong with soft pay. You don’t see the irony in your statement though? Sitting on your ass collecting a check is the ultimate “soft pay”.

flyguy81

we don’t have whole fleets dequal’ing because people are doing nothing. Whether you agree or not, there’s a difference.

flyguy81

No, we don’t have mass quantities of people sitting at home collecting full pay like at the legacies. Our ExTO guys were furlough mitigation. AA has people on the street getting paid nothing, we don’t...see the difference?

saab2000

Six weeks in and I'm collecting about 50% of my normal pay, sitting at home. While working I averaged about 110 TFP/month. So far I'm enjoying it though I won't actually see the first fully reduced pay until November as my last August trip bled over into September for one fairly long, lucrative day. That will be paid out on the 20th of this month. Some lifestyle reductions are in order but nothing I can't handle.

I'm really hopeful that we don't need to furlough though it appears inevitable at some airlines. Balancing immediate needs with the fact that most of the legacies are still facing tons of mandatory retirements is a tough ask for management. It has never been more obvious that the single fleet type is advantageous during bad times and less desirable during good times. But right now it is a giant benefit to SWA.

I used to watch Dave Ramsey clips on YouTube but eventually had to quit because his arrogance is on display every video and when he started to push his personal political beliefs and even some religion I was done with him. His personal finance philosophy is spot on as far as I'm concerned but that's where it ends for me. As someone up the thread mentioned, he's teaching basic math skills. That's ultimately what personal finance is all about. When he goes political or talks about labor relations he's out of his league and for me, out of line. So I opted out.

Some thoughts to those comparing their airline/employer to another. Many didn't choose their major airline. Their major airline chose them. I know I didn't have a choice of several. SWA was the only major that ever granted me an interview. The others never called for whatever reason. I think it is unbecoming of professionals to lob online shots across the bow at our fellow crew members who happen to work for other carriers. It's too much like what goes on in the RJ world where pilots go online and get in penis measuring contests about how their regional carrier is better than someone else's regional carrier. It's painful to watch and I used to participate. No more.

The view from the high road is always the best view.

ZapBrannigan

That was a really great post and I agree entirely. I can’t stand it when our guys engage in this “my airline is better than your airline” crap. We should be better than that.

thedus

My first thought was how did this become a airline d*ck measuring contest when we're all swimming in a really cold pool.

123494

I like Dave Ramsey. He has helped a lot people get a handle on their finances and get rid of debt. I don't agree with much of his investing advice, though. He often recommends expensive front-load mutual funds which his FA partners get a cut from. He also tells you to plan on an 11% nominal return, which is a bit optimistic in my view. So I glean some good bits, but will ignore others.

As far as his "rant" goes, I think he's just looking at this from a business perspective (e.g., improve the bottom line). He has no idea how often pilots have been screwed in the past with concessionary contracts, and how hard it is to claw your back from them.

TrojanCMH

Dave Ramsey is a hack. Just a guy who couldn’t control his spending and bankrupted himself numerous times.

All debt is not bad if you have the means to pay it off and the terms are beneficial. If someone decides to buy a car with a 0% interest loan and throw all the cash they had saved up for their car into an investment that isn’t bad debt. Even just keeping the cash in your savings in case of a rainy day is probably a better idea if it’s 0% financing. Dave Ramsey would disagree...

Now racking up 25% apr credit card balances because you wanted a new TV and went on vacation is bad debt.

It’s always surprising to me how many seemingly intelligent pilots feel they need to rely on him to basically say, “pay off your toxic debt, don’t live above your means, and save money for a rainy day.” I could have told you that and I won’t even come off as a condescending ass.


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flensr

This is not true. He has NEVER recommended a specific fund, and if you're stupid enough to buy into an "expensive front-load" fund you deserve what you get. His advice regarding mutual funds is to spread your money among growth, growth and income, aggressive growth, and international. For specific selection, he says go with funds with a long track record of beating the applicable market index. If you don't know enough to do it yourself, he recommends going to his "ELP buddies" who are first and foremost supposed to teach you about this stuff, not sell their pet funds. I've heard him on the air multiple times direct his staff to decertify ELPs for going against his guidelines.

That's a LONG away from doing what you said he is doing. You might not like his investing advice, but at least accuse him of stuff he actually does. Like rant about airline industry issues he has no clue about. Because yea his airline anti-union rant was pretty stupid.