Category Archives: Finance

ACP395 Stratus Financial – Where Dreams Take Flight

Our scholarship guide has enabled thousands to realize their aviation career goals. Some of you may not qualify for scholarships to cover all of your training or simply want to get started flying right now while waiting for the results of your scholarship application. We have a solution for those who want to realize their dreams of flight today!

Stratus Financial offers loans for pilot training and is our newest sponsor giving away scholarship guides using the code “Stratus”. Joining me today is the founder and COO of Stratus Financial Brandon Martini.

Sponsor:

The sponsor of this is Stratus Financial, Private Student Lending – For Pilots, By Pilots. Stratus Financial offers student loans for pilot training from zero to hero. Stratus Financial Understands your needs because they are pilots! You can find more at https://stratus.finance/

As a sponsor of this podcast, Stratus Financial is giving away scholarship guides and you can get yours for free using the coupon code “Stratus” when you visit https://www.aviationcareerspodcast.com/scholarships/

Whether it’s financing your dream of flying, or simplifying the process by taking care of your student loans; their efficient, hassle-free funding can connect you to the life of your dreams of becoming a professional pilot sooner than you ever thought possible! To find out more visit https://stratus.finance

Cruise Flight:

Why Stratus?
What makes you different from others?
How to combine your scholarship with additional financing.
Who can apply?
Are the rates reasonable?
How do I access the money for flight training?
Are there schools that work with Stratus Financial?
How do flight schools partner with Stratus?
Advice on applying for pilot training loans.
Stratus Financial’s Scholarship
https://stratus.finance/scholarship/
Where can I find more information?
Plug for Aviation Mentor’s podcast if able

Links:

https://stratus.finance/
https://stratus.finance/scholarship/

Questions:

Questions please visit us: https://www.aviationcareerspodcast.com/contact/

Meet Your Podcast Hosts at
Upcoming Events and Air Shows:

November 2024:

https://www.floridaairshow.com

ACP357 Challenges Of Paying For Your Flight Training with Dustin Davis of Tailwind Waymakers

Watch On YouTube

Today we have a special guest Dustin Davis of Tailwind Waymakers. Their mission is to help those who want to pursue careers in aviation but struggle due to the high entry costs. They are a nonprofit organization focused on helping fund aviation dreams.

But before we begin, if you want to be a guest on the show please visit AviationCareersPodcast and click on the online course. If you have questions please email us at: feedback@aviationcareerspodcast.com

Talking Points:

Dustin’s story.

Why Tailwind Waymakers?

How the various experiences in life both in and outside aviation have allowed Dustin to achieve his goals.

How you can help others achieve their goal in aviation.

What is next for Dustin and Tailwind Waymakers?

Links: 

 

Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork 

Becoming Your Own Banker 

http://aerospacescholarships.com/

https://www.tailwindwaymakers.org 

 

ACP188 Preparing To Fly In A Glass Cockpit

glass cockpit

Have you flown with a glass cockpit? Welcome to the inspirational, informational, and transparent aviation careers podcast. Today I am joined by Justin Ash to discuss learning to fly in a glass cockpit, as well as answer some of your other questions.

Announcements:

AviationCareersPodcast.com/Courses You can find the Scholarships Guide, Career Coaching, and the Pilot Jobs Book. We also have monthly membership which includes the Pilot Jobs Book, Advanced Guide To Holding Patterns, The Practical Guide To Winter Flying, and various Webinars. Visit AviationCareersPodcast.com/Courses to discover more.

Preparing To Fly In A Glass Cockpit:

  • Using your retirement savings to fund flight training.
  • Pilot Fatigue in the training environment
  • Challenges Of Fatigue Instructors face.
  • Do I need to live close to the training center as an instructor?
  • Getting ready for glass.

Links Mentioned in This Podcast:

14 Retirement Mistakes You Will Regret Forever

Best Value Schools ranks Polk State Aerospace No. 2 in the country

Photo Credit: Dillon Kraushaar – Polk State College Aerospace

ACP167 Start Your Pilot Financial Life Early With Justin Ash

Justin AshToday I have with me Justin Ash to discuss why you should start your pilot financial life early. Welcome to the inspirational, informational, and transparent aviation careers podcast. As you know we care about all aspects of your life including financial planning.

Announcements:

Check out our Facebook page for information on where we will be and how you can stop by and say “hi!”

In This Episode We Discuss:

  • Benefits offered at the airlines with common questions.
  • A and B funds.
  • New Tax Reform
  • Long term planning / distribution
  • Starting early / young pilots
  • Where we think the airline industry is headed with respect to CBA’s, benefit packages etc.

Links Mentioned in This Podcast:

Expo History

Justin Ash on LinkedIn

ACP153 Tips For High-Income Pilots Part 3 – What To Do With Excess Income

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

ACP149 Tips For High-Income Pilots Part 2 – Saving Smart

In this episode, we continue our a 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:

Aviation Careers Facebook Page
For upcoming meetups, career news, and all of the episodes.

Tips For High-Income Pilots:

  • Saving for retirement
  • What to do when you’re maxing out your retirement plan limit.
  • “Excess Benefit Plan” options
  • What if you have a 401(k), Profit Sharing Plan, and a 401(a) plan?
  • Getting within “visual range” of how much you might need – it’s not as simple as you might think

Pick Of the Week:

Airspeedandmoney.com

Image Credit: Shutterstock.com

 

ACP146 Tips For High Income Pilots Part 1

In this episode we start a new series called five tips for high Income Pilots. This series will eventually be an online video course. This podcast prepares you for your career as a pilot but one thing lacking is help for those pilots that listen who are high wage earners. In general in life once we start making over two hundred thousand a year there are not many avenues for advice and we hope to change that with this series.

Today I am joined by Andy Garrison, a Certified Financial Planner.

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:

https://www.facebook.com/AviationCareersPodcast/
For upcoming meetups.

Tips For High-Income Pilots:

  1. The best three ways to reduce your lifetime taxes
    a. Don’t make it worse (minimize your investment taxes and withdrawals)
    b. If not meeting itemized deductions, bulk your giving and property taxes
    c. For charitable giving – consider assets and appreciated stocks
    d. Make the best use of your PS and RP contributions

Pick Of the Week:

Air, Speed, and Money Andy’s website, where you can sign up for his mailing list and receive a free copy of his book.

 

Image Credit:

Shutterstock

ACP142 Should You Sign A Long Term Contract As A Flight Instructor and More Questions Answered

Welcome to the Inspirational, Informational, and Transparent Aviation Careers Podcast. Today Robert Guyer Joins me to Answer your questions, including one about whether you should sign a long term contract as a flight instructor.

Announcements:

If you are looking for coaching, the schedule has been getting really tight. If you are having trouble getting booked in the schedule please send an email to feedback@aviationcareerspodcast.com and we will try to get you fit in. I’ve been moving, as well as flying some red eye flights so it has been tough but I may be able to get you in while I am on the road.

 

Carl and Robert discuss If You Should You Sign A Long Term Contract As A Flight Instructor and More:

  • How the Cape Air to JetBlue program works
  • Should a CFI sign a long-term (1 year) contract, which could prevent them from moving on in their career?
  • Is an offer from a regional or major airline likely or a long shot when I barely meet the minimums?
  • Training on the weekends vs. training full time and part 61 vs. part 141
  • Can I get a first class medical when I am on a medication for anxiety?
  • Went through Civil Air Patrol for flight training, would love to share my experience.
  • 46 years old, Assistant Principal at a High School, never thought I could be a pilot, but now working towards a career change. What freelance flying jobs can I find to supplement CFI income? If pursuing a corporate aviation career, is it realistic to get hired at my age? Would a Masters in Education be valuable to the major airlines as a degree?
  • Robert has flown with a Captain that did some “high altitude gliding.”

Links Mentioned in this Episode:

Photo Credit: Jeff Kennon

ACP138 Strategies For Pilots To Build Significant Wealth

In This episode we talk with co-host and author of Million-Air, Strategies For Pilots To Build Significant Wealth. In his book, you will learn tested and proven strategies to build significant wealth and manages the unique risks you face as a professional pilot. Any truly helps you create a “flight plan” for you financial goals.

Announcements:

New Career Coaching Service “the Valeri Aviation guaranteed interview prep”. We guarantee you will make it to the next phase or obtain a conditional offer depending on the airline.The Cost is $500 for a major airline and $250 for a regional. Certain restrictions apply including but not limited to your passing the background check.

Andy Garrison Interview:

  • Why this book?
  • Why you need to become a millionaire?
  • Risks unique to pilots.
  • Planning for Your future.
  • You are a Business, Act Like One.

Pick Of the Week:

Million-Air, Strategies For Pilots To Build Significant Wealth, By Andy Garrison.

https://www.aviationcareerspodcast.com/MillionAir

ACP132 Why Disability Insurance Is Unique and Important For Airline Pilots

Today I want to talk about a sometimes uncomfortable topic, which is disability insurance. It has happened to me and I’m sure it has happened to some of you listening to the podcast. You get the dreaded letter from the FAA or you go to your medical exam thinking everything is ok but the FAA thinks otherwise.

I have seen this play out many times in Pilots careers. One day you are fine thinking about their next vacation bid and the next day you are facing medical disability for months even years. Sometimes due to a minor issue with your medical. In this episode, Andy Garrison, a certified financial planner, joins me to discuss what you need to know about disability insurance.

Announcements:

Career Coaching and Membership

Our Career Coaching is available for $75/hour, and the first hour includes some extra time to get to know you before starting the hour. Membership is  alsoavailable for $10/month and includes the full Scholarships Guide, lots of exclusive videos and other learning aids.

Andy And I Discuss:

  • Why Pilot Careers Have Special Insurance Needs.
  • Risks Unique To Our Careers
  • Short Term and Long Term Insurance Required and Defined.
  • Do You Really Know What Your Insurance Covers.
  • Difference Between own or any occupation.
  • What Disability Insurance do You need.
  • Cash on hand.
  • Just Ask someone if you have any questions.

Pick Of the Week:

The 5 Types Of Insurance You Must Have Now