Cole Posted February 20, 2008 Report Share Posted February 20, 2008 PS, The decision to finance or not is very situation specific, everything fell into place very well for me and I had it all in fine detail with a bank manager I play rugby with. Financial planning is something that seems to be widely overlooked. A sad fact is that a gross majority of peolpe couldn't keep all of there assets for two months if they had to stop working, regardless of prior income. I would like to be in a place where I could maintain all of my expenses for at least a year if something were to happen to my job. A rainy day (or 365 of them) type fund if you will. The smartest thing you can do once you have a job nailed down in my opinion is have all of your payments such as rent, insurance, car payments, you name it, all payed off monthly based solely on your salary. (Pilots are often payed X per month as a flat rate and Y per hour flight pay.) That way flight pay is virtually disposable, and so long as you have a job, your rainy year fund will remain in tact. I have no idea how I got that far off track, but ill end the long winded rant with a welcom to the industry, and good luck to you. Keep us posted. Cole Quote Link to comment Share on other sites More sharing options...
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