Keep you priorities in order. God, Family, then work. Fly to be closer to God, take your family with you, and work so you can fly more.
I see the 'average' Rv flies 75 hours a year
Can't do it...I'm a firm believer in the old saying that "the only ship that won't sail, is a partnerSHIP." I've been in two in the past, neither was fun or worth it, but that's just my personal experience. I'll own it, or I won't. If it was about buying, fixing, making money, then maybe, but not do own.Chad, here's my suggestion: Seriously consider selling a share in your RV by forming a partnership.
I agree there is no magical cutoff cost, but if gas were 10/gal, i would certainly...
If it exceeded $75/hr I'd almost certainly say enough is enough and enjoy the big wad of cash I'd get from selling the plane and hangar.
Indeed, that is a good point (albeit a depressing one).The reality is that your "big wad of cash" is going to decrease as the cost of fuel, and flying in general, goes up.
Can't do it...I'm a firm believer in the old saying that "the only ship that won't sail, is a partnerSHIP." ...
Oh yeah...we budget every month down to the last dollar for the money we make in our career work. I work two extra jobs to pay for flying...Chad,Do you believe you would be able to eliminate your debt while still spending money on flying? If you believe this is doable then perhaps you will have to create, and then stick to, a budget that includes flying as part of your household budget.
I hear you 100% Steve, and thanks! I can't say that I didn't borrow to finish the airplane as that was "pre-Dave Ramsey", but working hard to eliminate it, and never do it again!! Can't wait!Let no one convince you that debt is good. It is truly amazing how liberating emotionally not owing to anyone can be. I believe freedom cannot be had unless first one breaks from the bondage of debt. It is as devastating to our emotional freedom as actual chains are to our physical freedom. I applaud your efforts and the efforts of anyone else reading who is pursuing the debt free life. Good luck with your contemplations and the final decision(s) you make.
It started with my wife a couple nights ago...if that's what you mean. Yeah, yeah...partnership. That's love tho man! Hehe...I don't understand. Who was it you were discussing this with back at the beginning of the thread?
Let no one convince you that debt is good. It is truly amazing how liberating emotionally not owing to anyone can be. I believe freedom cannot be had unless first one breaks from the bondage of debt. It is as devastating to our emotional freedom as actual chains are to our physical freedom
flying is not only a hobby..it's a way of life.
Almost all hobbies have a similar social element.For every hour in the air, there are many hours at the airport meeting friends, telling stories..and the sense that we are all part of something greater than ourselves.
This is true of almost everything in any area of interest.I love aviation is because it is a discipline where you "can never learn it all".
LOL, I don't know if that was a serious comment (you actually think flying is the only hobby that provides mental stimulation? And you think it wards off Alzheimer's??), but I would definately take that bet!I'll bet anybody $50. that the incidence of Alzheimer's among older pilots is lower than the general population.
LOL! Well...I guess that where our similarity ends! No offense meant here Phil...As with any statement about emotions, that's a very personal thing. I, for one, don't feel particularly devestated by my mortgage or credit line. I view debt much like any other bills (don't get me wrong, I don't carry a credit card balance and certainly live well within the debt I can carry). I have to pay the utilities companies every month to have gas and electricity, the phone company to have comms, and the bank to be able to live in my house while I earn the money it costs to pay for it. The point is, most people want to do things like go to university, live in houses and drive cars early in life before they have had the many years it takes to accumulate the money to do those things. I think debt is a wonderful thing from that perspective. In a day and age where money is relatively cheap, it allows us to get much more out of our precious few years on the planet.
If debt really stresses a particular individual out, then sure, that person should strive to eliminate it at all costs as early as possible, but not all people are that stressed out by debt.
None taken whatsoever! Just curious as to where your position differs. You don't have a mortgage, or you have one but it stresses you out? Or you think the world would be better if mortgages weren't allowed?No offense meant here Phil...
None taken whatsoever! Just curious as to where your position differs. You don't have a mortgage, or you have one but it stresses you out? Or you think the world would be better if mortgages weren't allowed?
ok - in moderation (kind of like beer!).
I'm not an elitist..and never said that aviation people were "better" than anyone..
really care what gas costs, if i can get it i will continue to keep flying. period!!!!! end of story. time to blast off. see ya.
However, paying down a mortgage that only costs 4-5% right now makes more psychological sense than it does economic sense, especially when it can be invested (for the long-term) with much better returns.
The way I look at it, while I'm on my deathbed, will I think to myself, "I really wish I wouldn't have spent that money on flying." So long as I feel I will be at peace with my decisions, I'll keep flying. That may (and has) required adaptations along the way.
This is a very personal decision, due both to differing earning opportunities and desires. There is no right or wrong answer. It is up to each of us.
Amen to that!
I refuse to save money my whole life to then try to enjoy it when I'm too old (or worse) to enjoy it. I am putting money back, but I'm not compromising on my dreams to do it.
Everybody can do it with discipline and dedication.
Amen, amen!
Everybody is different, and a lot depends on where you are in life.
I'm 55. On the paternal side, my great-grandfather, grandfather, and father all had their first heart attack before 55; two died. Maybe I'll have better luck. On mom's side everybody lives to be 90....but maybe I should hedge and have some fun now.[snip]