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LoadMasterC141 · September 4th, 2007, 16:26

Right now I am at 112 hours, PPL, Studying for IFR written, starting IFR instruction when I get home from this business trip this weekend.

Here is where I am with my plan now.

I got a loan approved from Wachovia for $58495 at 10.25%. The problem is it keeps going through my mind: FIFTY EIGHT THOUSAND FOUR HUNDRED AND NINETY FIVE DOLLARS!!!!! Ouch. I want to go to ATP, but the cost!!

All weekend, vacationing with my cousin in SAT and CRP, all I could do was think about what I was going to do. I kept quiet but my cousin finally cornered me and asked what was on my mind.

I want out of my job badly, but is it badly enough to owe that kind of money? I know it is just a big car payment, but it is a 15 year big car payment and though on paper it says Sandra and I could make it through financially, it is JUST barely.

So I came out with three options:
1) Take the loan. Screw it. Just jump and chances are you will land on your feet. You get to quit your job soon.

2) Stay with the current plan, only plan to go to Skymates for the Multi and CFI-I ratings, then instruct for them. ATP out the window completely. Have to stay at current job until January minimum. Still have to take out a loan for around 15-20k to cover training.

3) Join my Cousins' C-5 Guard unit. They need loads badly because their old plane, the 130, only had one. Now they need 3-4 per plane. All I would need is a 2.5 Month C-5 Standardization class in SAT. I have the rest from before. This would give me the ability to quickly leave my job. I would have a nice retirement at age 60, for 12 more years of service. I would have some extra dough for to compensate for 1st-2nd year regional pay. I would have access to base aero clubs (210HP T-41 goes for $68/hr). I would also still be able to continue my current flight training during load school as it is only weekdays.

Flying Guard Squadrons arent like others. You basically tell them when you want to fly and they find you a trip. The big drawback is that I have heard regionals don't really like that you sometimes are obligated, or otherwise choose, guard duty when you are supposed to be flying for them. I would not do that, but I have heard that.

I am 99% sure option one is out. As bad as I want to go to ATP and just get going as fast as I can, that loan makes my stomach quiver. I can't think doing everything at Skymates would be that bad anyway though. No RJ class, Citation Ride, or Hiring Partnerships, but I think I could still do ok.

September 4th, 2007, 16:26	#19
LoadMasterC141 Old Skool Join Date: May 2006 Location: Live in Temple, TX - From Ithaca, NY - Wish I was on an island in Fiji Posts: 1,909	Re: My ever changing plan Right now I am at 112 hours, PPL, Studying for IFR written, starting IFR instruction when I get home from this business trip this weekend. Here is where I am with my plan now. I got a loan approved from Wachovia for $58495 at 10.25%. The problem is it keeps going through my mind: FIFTY EIGHT THOUSAND FOUR HUNDRED AND NINETY FIVE DOLLARS!!!!! Ouch. I want to go to ATP, but the cost!! All weekend, vacationing with my cousin in SAT and CRP, all I could do was think about what I was going to do. I kept quiet but my cousin finally cornered me and asked what was on my mind. I want out of my job badly, but is it badly enough to owe that kind of money? I know it is just a big car payment, but it is a 15 year big car payment and though on paper it says Sandra and I could make it through financially, it is JUST barely. So I came out with three options: 1) Take the loan. Screw it. Just jump and chances are you will land on your feet. You get to quit your job soon. 2) Stay with the current plan, only plan to go to Skymates for the Multi and CFI-I ratings, then instruct for them. ATP out the window completely. Have to stay at current job until January minimum. Still have to take out a loan for around 15-20k to cover training. 3) Join my Cousins' C-5 Guard unit. They need loads badly because their old plane, the 130, only had one. Now they need 3-4 per plane. All I would need is a 2.5 Month C-5 Standardization class in SAT. I have the rest from before. This would give me the ability to quickly leave my job. I would have a nice retirement at age 60, for 12 more years of service. I would have some extra dough for to compensate for 1st-2nd year regional pay. I would have access to base aero clubs (210HP T-41 goes for $68/hr). I would also still be able to continue my current flight training during load school as it is only weekdays. Flying Guard Squadrons arent like others. You basically tell them when you want to fly and they find you a trip. The big drawback is that I have heard regionals don't really like that you sometimes are obligated, or otherwise choose, guard duty when you are supposed to be flying for them. I would not do that, but I have heard that. I am 99% sure option one is out. As bad as I want to go to ATP and just get going as fast as I can, that loan makes my stomach quiver. I can't think doing everything at Skymates would be that bad anyway though. No RJ class, Citation Ride, or Hiring Partnerships, but I think I could still do ok.