Quote:
Originally Posted by Mtts422  Question: What's the best way to make a millions bucks in aviation?
Answer: Start with two million.
Point being it is EXTREMELY difficult to make money in aviation. I'm experiencing the trials and tribulations right now working for an aviation start-up. |
I work for a start-up flight school. The school's been running for a little over a year now.
The owner and I have had many talks before about making money in aviation. He's convinced he can do well with it...I'm much more skeptical. I've run numbers with him over and over, and there's no easy way to make it happen, at least not with a flight school.
You can make a reasonable living, but it's extremely difficult to actually become wealthy as a result of aviation.
I think my boss takes home about $50k/year from his flight school and aircraft sales business combined. That's not bad, but I don't see it going up much.
From a financial point of view, I think the pay is better by simply working as a pilot. That's what makes me happier than flying a desk, anyway, which is what my boss does now.
My boss, on the other hand, places a high priority on being home every night and setting his own schedule. Those are the intangible benefits you have to consider.