Re: Question on age vs. debt to start flight training...
Texas,
That sounds like a very solid plan. I was in much the same boat as you were.
A couple of things come to mind that I experienced.
The first is life happens. After reading your second post about your plan, it seems like you are keeping the corporate gig for about 30 months. That's 2.5 years. A lot, and I mean A LOT can happen in that time. Love, financial drama, health, family issues can, and will, all happen during that time period.
I went through the "if I can make it two more years, I will have 'X' accomplished so I can start flight training."
The truth is, there is never a perfect time to start. Something ALWAYS comes up. A promotion, you fall in love, an injury or any number of other things. I found myself saying, "OK, that will add three months to my plan... If I can just hold out another three months everything will be perfect."
My two year plan turned in to a three year plan before I even realized it After all the planning in the world, all the saving, all the debt reduction, everything; I literally woke up one morning and said to myself: "everyday I spend doing 'X" is one less day I spend flying planes."
I called my folks, talked to a couple of friends and that day turned in my notice. Everybody I talked to said I should have made the decision three years ago. There is no logical, planned time for an adult to make the decision to chuck it all and go to flight school.
The second... A MINI? Dude, chick car! Just kidding. In fact, I had the same get a fun car for training thing that you did. I almost bought one myself - was sitting in the dealership ready to sign on the line. I, having lots of experience with foreign cars, opted not to buy a German car built in England. I bought a piece of junk instead. I am going with the buy a crap car every six months routine.
I see from your profile that you went to Wright State. You from Ohio?
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