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Old April 11th, 2006, 12:53   #79
wheelsup
Old Skool
 
Join Date: Mar 2004
Location: _
Posts: 5,278
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Quote:
Originally Posted by NW004
Since we're in the subjet, can you guys tell me what you think about my plan"

Join the Navy on 4yr Contract, Save all of the money i make on the Navy, spend only 10% of it. This will add up to around 30K after the 4 years, and use that money with the GI Bill to get flight training. What do you guys think?


The Airlines are my dream, but i'm not willing to go broke over them, which is why i developed this little plan.
You'd only be able to save $30k in 4 years while saving 90% of your post-tax salary? It has to be more than that. I live in Virginia Beach and there are sailors all over my apartment complex driving BRAND NEW Mercedes, BMW's, Audi's, Navigators, etc. They're young too.

$30k/4 years = $7500/year
Spending 10%, that means you're brining in only $8333 after tax/year. At that tax bracket, you're looking at $12,000/yr gross pay. That seems low, even for the enlisted military.
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