Living the dream

Groundpounder said:
So flying for a living isn't anywhere on your radar.

What industry pays that much for that little work?
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Specialist, specifically a Radiologist, who oversees the Radiology department at five hospitals. I travel to them each once per month, from home make some calls, do some paperwork, and put in approximately 8 days per month. When I do travel I fly myself, am reimbursed all travel costs, including the operational costs of my plane. Some people make substantially more than I do, so the term " Paid well" is dependent on the situation. My brother is a long time Captain for Air Canada, he is at about the top of the food chain there, and I don't think he makes good money at all. Our other brother is self employed, has a successful business, and he would consider my income chump change. I personally would consider a million dollars a year or more good pay, not great. We all make our own choices in life, if you love flying airliners, do it because you love it, not for the money, because the pay really is not that spectacular. Now if you're the CEO of said airline, and maybe paid $5M plus bonuses, then I would consider it great pay. But i bet those rich fat cats like the Clintons etc would consider that CEOs salary chump change, so it is all relevant. But I guess if you ask the person who is working as the door greeter at Walmart if I make good money, they would probably think I do. Where I feel like It is just okay pay, what I make. I see how some people struggle, like my grandfather who basically raised me along with my grandmother who is now deceased. My grandfather doesn't get enough on his pension to live a decent life, so I deposit $1000 /month into his account, as does my brother who is self employed, allowing grandpa a good lifestyle so he can afford to take cabs to get around, go out for dinner when he wants etc.
 
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hindsight2020 said:
It's not what you do, it's who you do it with. And I always fly with my favorite Captain..... There's no 'I' in team, but there's an M and an E!!!!...;):D
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There's no 'I' in team. But there is in WIN!
 
Shuswap BC said:
Specialist, specifically a Radiologist, who oversees the Radiology department at four hospitals. I travel to them each once per month, from home make some calls, do some paperwork, and put in approximately 8 days per month. When I do travel I fly myself, am reimbursed all travel costs, including the operational costs of my plane. Some people make substantially more than I do, so the term " Paid well" is dependent on the situation. My brother is a long time Captain for Air Canada, he is at about the top of the food chain there, and I don't think he makes good money at all. Our other brother is self employed, has a successful business, and he would consider my income chump change. I personally would consider a million dollars a year or more good pay, not great. We all make our own choices in life, if you love flying airliners, do it because you love it, not for the money, because the pay really is not that spectacular. Now if you're the CEO of said airline, and maybe paid $5M plus bonuses, then I would consider it great pay. But i bet those rich fat cats like the Clintons etc would consider that CEOs salary chump change, so it is all relevant. But I guess if you ask the person who is working as the door greeter at Walmart if I make good money, they would probably think I do. Where I feel like It is just okay pay, what I make. I see how some people struggle, like my grandfather who basically raised me along with my grandmother who is now deceased. My grandfather doesn't get enough on his pension to live a decent life, so I deposit $1000 /month into his account, as does my brother who is self employed, allowing grandpa a good lifestyle so he can afford to take cabs to get around, go out for dinner when he wants etc.
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Of course it is all about perspective. To the CEO, an airline pilot making $400k is probably chump change. If you ask the guy working in the airport who just made that same airline pilot his coffee, they couldn’t imagine having that level of income. And having a high income doesn’t make someone wealthy. Plenty of high earners have nothing saved for retirement since most of their money goes to the mortgage, car lease, etc. As an airline pilot, I think I do alright. Since you think your income is just okay, what do you consider a high net worth? Just curious.
 
austin757 said:
Of course it is all about perspective. To the CEO, an airline pilot making $400k is probably chump change. If you ask the guy working in the airport who just made that same airline pilot his coffee, they couldn’t imagine having that level of income. And having a high income doesn’t make someone wealthy. Plenty of high earners have nothing saved for retirement since most of their money goes to the mortgage, car lease, etc. As an airline pilot, I think I do alright. Since you think your income is just okay, what do you consider a high net worth? Just curious.
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For what age of person?
18, 30, 40, 50, 60, it really depends a lot on that. But the short answer is by age 40 a person is doing well if they are debt free, have a bunch of savings, and their retirement plans are looking good.
 
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