ACP154 Surviving Hurricane Irma

by CarlValeri on September 18, 2017

Hello everyone and thank you for all your concern and comments during Hurricane Irma. As many of you know we moved to Lakeland, Florida and a few weeks later were hit with the eye of Hurricane Irma. We recently were able to restore the internet and will be up and running with our regularly scheduled show.

Announcements and Shout Outs:

Career Coaching from Aviation Careers Podcast. If you are looking to get into Aviation, or need assistance taking the next step forward in your career, we are here to help. Please check out our coaching page we have several services available to assist you.

Lakeland Florida Fire Department. A shout out to Lakeland Fire and EMS for the great work they did helping everyone in the area get the help they needed, including my own family.

Operation AirDrop, which did a great job getting emergency food, water, and supplies to people here in Florida.

Donate To The Polk State Flight Team. The team could use your help especially with the added expenses of needing to fly the planes away for the hurricane.

Airlines and Hurricanes Discussed in this Episode

  • How airlines and flight schools prepare for the hurricane.
  • Flying around Hurricanes.
  • The challenges of being away from home during a natural disaster
  • Pilot pay during a natural disaster.
  • The challenges of being stuck on the beach while your family struggles at home.

Pick Of the Week:

Volunteer pilots form bridge to Irma’s victims on the Keys

Donate To The Polk State Flight Team

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In this episode, we continue our new series titled “Tips for high-Income Pilots. This series will eventually be an online video course.

As a reminder, we are not allowed by law to give you financial advice but this is only general information. You should consult your financial advisor for information specific to your needs. We recommend your finding a fee-based certified financial planner who must comply with the FINRA rules and regulations. Fiduciary is important.

Announcements:

Wanted: Student musicians for scholarship and internship

View the new scholarships guide at AerospaceScholarships.com

Due to Hurricane IRMA we may not be able to produce an episode next week. We also discuss what happens to an airline when a hurricane is approaching.

Tips For High-Income Pilots:

What to do with excess income?

  1. Side business
  2. Investing it wisely
  3. Cash vs. self vs. business vs. investments

Side business/hobby into income considerations

  1. Keep it legitimate (hobby loss rules, proper filings, liability, etc)
  2. How to find ideas
  3. Caution with Real Estate
  4. Tax planning with a new business
  5. Upfront deductions
  6. Purchasing things wisely

Tax efficient investments

  1. Municipal bonds
  2. Index funds
  3. Master Limited Partnerships
  4. Real estate (passive and active)
  5. Where you locate your investments

 

Pick Of the Week:

Aviation is Among The Rising Careers in Polk County's Economy

Image Credit: Shutterstock.com

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