Today I answer the question: “Would my time be better spent simply buying a plane and flying?”
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Feedback:
Dean Showalter answers the question we pose in episode 350 Is starting a professional career in flying at 55 worth the effort?
https://airplaneownermaintenance.com/about/
Why should I be a CFI after my flight schooling? I am almost done getting my private pilot cert in an accelerated flight school.
I’m 36 with four kids and have taught before in education; not sure I’d have enough patience to teach again, and I want to get my 1500 hours as quickly and effectively as possible.
Would my time be better spent simply buying a plane and flying? I’m already going to be in debt. What is another 150k? I want this to be my last career and need to do something about retirement.
Something seems off about the cadet programs that usher people into the regionals requiring their cadets flight instruction until they get to their 1500 hours. Are they hiring these folks at a lower rate than those who apply outside of the cadet programs and flow through?
Every hour counts for me, as does every year of employment. I appreciate your content and advice. Thanks very much!
It depends on your budget. But let’s talk about the benefits and challenges of owning your own plane and building hours.
Benefits Of Owning A Plane And Building Hours:
You set your own hours and fly when you want.
You can fly on extended cross-country flights in the system and gain valuable IFR flying experience.
You can bring your family.
You can be home every night.
You can start your own flight instructing business and take on only the clients you choose.
Challenges Of Owning A Plane And Building Hours:
The cost of buying the aircraft.
Hourly costs.
Maintenance.
You may need to dispose of an aircraft while you are trying to concentrate on training at an airline.
You may not learn how to interact with another pilot in the cockpit which will get you ready for the airlines.
Carrying costs. Hangar, insurance, subscriptions such as for charts and GPS.
Sponsor:
“Tailwind Waymakers is a non-profit founded to help fund aviation dreams. So whether you could use some help funding your aviation training or want to WIN a new airplane, check out TailwindWaymakers.org ”
Use coupon code TailwindWaymakers and get a free scholarships guide while supplies last at:
