Financial RISKS Of Becoming A Pilot | Life As An Airline Pilot
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- Опубликовано: 12 июн 2024
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Life as an airline pilot is not all glamour. Today I'll discuss financial struggles nobody talks about and losing an airline pilot job. One dip in the market and airline pilots lose their jobs. Are you going to let your future depend on an airline that could be profiting today and bankrupt tomorrow? In this video I will tell you why financial independence / financial freedom is important, how to actually create financial freedom yourself and learn from the mistakes I made. I also talk about paying back pilot loans, investing in stocks, real estate and creating an online business. Do you like these kind of videos or would you like me to talk in more detail about any of the topics I’ve mentioned? I’d love to hear your thoughts and suggestions! Have an amazing weekend guys!
Financial Struggles Nobody Talks About & LOSING an airline PILOT JOB | 5 Steps To Financial Freedom
00:00 Intro
01:04 What does your dream life look like?
01:33 What happens when you lose your job as an airline pilot
02:17 Create a solid financial back-up plan
02:34 How to create a solid financial back-up plan
03:02 Side Business
04:33 It's ok to make mistakes
05:22 ad
06:24 Motivation, perseverance & long term dedication
07:45 Investing in stocks, real estate, ETF's
08:18 Part-time in combination with another job
08:39 Paying back a pilot loan takes ages
09:03 What would you do if you had full financial freedom?
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Thank you so much for watching this video. If you have any suggestions, please do not hesitate to comment below and maybe I will be answering your question in the next video. If you liked this video, consider a thumbs up or subscribe to this DutchPilotGirl channel to never miss out on any of my future videos. Have a great day guys!
Audio: share.epidemicsound.com/dpg
#cockpit #Aviation #Cockpitview
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Hi everyone! Hope you are having a great day! Curious to hear what would you be doing if you had financial freedom? Are you currently running a side business? Still paying back your pilot loan? Let me know! 😘
Driving in circles very quickly in expensive race cars 😂
Thanks for good ideas, I always love flying and driving.
@@yogeshwarpersonal1073 You're welcome!
I invest in multi family apartment complexes with other investors. I went from not knowing when I was going to retire to doing so in three years! I invest money into a deal, then receive a distribution once a quarter without the volatility of the stock market!
Because the way real estate works if done correctly, it’s tax free income. If you’d like to find out more, let me know.
I started a HD Landscaping company. I hired 2 very experienced gentlemen and I supervise their work. Now, instead of working for the man, I am the man!, and I am enjoying it immensely. I help people repair or improve their properties (Their investments) and I leave them with a big smile on their faces. It feels good.
“Your health should always be your #1 priority.”
Wise words 😉
@@DutchPilotGirl Indeed.
I am watching this from a hospital bed. Health is a good second priority but God is the first because if you are never going to recover God is the only comfort.
@@ingridlinbohm7682 i thought Finns were irreligious and agnostic
Nice video Michelle! Pilot loan/financial/work places in my area are the 2 big things that hold me from being a pilot. Its nice that you are talking about these stuff and how financial stuff (not only of the pilot, but the comapnies) can effoct very easy. And having a backup i think is the most important thing to have. Not only in aviation :).
Keep up the great job Michelle! 🙂😊
Thanks!! 😘
So good to see another knowledge giving video after so long , loved it !! ☺❤
Glad to hear you liked it!
You have a great ability to communicate, not just in the right seat, but as a person. Great to see you post.
Thank you for your kind words! Really appreciate it!
Very inspiring video Michelle. This video is: thoughtful, helpful, thorough, eye opening and well made! Well done!
I love your videos!! I hope you keep up with posting more because I watched all of them and I can’t wait to see a new video
Thank you! The next one will be online within a couple of weeks 😉
Love you! Good to hear you again... BTW the way to financial freedom is life. When you finally get there you get bored and unsatisfied.
Thank you for the inspiration you have given us and the information to start our aviation career with a boost
You're welcome!
You are very bright! A great teacher and motivator as well. I work in commercial aviation as well and can have greater success just by listening to people like you! Keep up the great work with your channel.
Thank you for all the great content ,it is so fascinating to see what is involved !!
Glad to hear you like my videos!
Best thing to do to have financial freedom as a pilot:
Start your pilot training modular, it cost around 60.000 euro and you can do it in 4 years beside your full time job. So you will end your training whiteout any debts from the bank.
Instead of doing a integrated course for 100.000 in 2 years and paying 700 euro a month to the bank to pay back your debt.
Good advice!
Hi 12,
and here's what I've been wondering for quite some time now. Wouldn't it be better to for example fly glider planes 4 years or just work and save money for the integrated course? Airlines like it more. The quality of education might be higher.
I just can't make up my mind.
Enjoyed your video Michelle, as always you did an amazing job.
Thank you for the terrific video! Great information and incredible advice....truly appreciate it. Take care and all the best to you.
I paid as I went. Just like college , I had no debt.
Wow thats awesome! Well done!
was waiting for your video and I think it was worth it ❤️🦋
Glad to hear that!
I’m doing site surveys with my drone as a “Side Hustle”. Was considering doing it full time if I found enough work since the company I worked for decided to sell its power plants and told us to find another job. Fortunately I found another job working in steam generating plants. Good video BTW!
Your videos are always informative and super inspiring ❤
Glad to hear that!
Thank you for uploading!!
You're welcome!
So happy to see u again ☺
DutchPilotGirl!!! You are the total package!!! So smart and beautiful!!! I look forward to each new video. Thx
I always have good memories of your vids. It’s interesting how pilots make ends meet. I can see you as an educator to girls and young women that encourage them a career as a pilot.
Thanks Robert!
@@DutchPilotGirl Here’s a special story about Amelia Earhart and a flight with Boston Mass. pilot Crocker Snow. Amelia asked Crocker if he would fly around low in the Boston suburbs while she dropped leaflets to the streets and sidewalks.
Amelia came from a wealthy family but she worked at a homeless shelter for women. At the time of the leafleting Amelia explained to Crocker that she had a pilots license but it wasn’t safe to both fly and watch where the leaflets were falling. Amelia wasn’t famous yet. The leaflets were to promote a dance to attract men. haha.
Needless to say a short time further in the 1930s Crocker was reading the Boston Paper which announced Amelia had soloed the Atlantic .... he thought that the women he flew leafleting was Earhart... and yes HE DID NOTE IT IN HIS LOGBOOK.
Crocker wrote his autobiography and called it “Logbook”
I live only 10 miles from the Crocker homestead and “Snow International Airport”. Actually I interviewed Crocker in 1997 fir a local TV channel. He headed the initial government agency in the 1920s that licensed pilots. He signed Orville Wrights licensed. Crocker started the first Boston based airline and was a pilot in WW2. I met Crocker and his wife Janice at the book signing for “Logbook”. They are both pilots and over 6’2”!
I walked trails of a cow pasture he ONCE buzzed in his peppy Navion airplane - the pastures were adjacent to the “Snow International. He also buzzed people’s homes - one time with (now friend) Amelia - they buzzed a mansion together... so much for pilot deviation!
Great video, thanks for sharing!
I Love your videos, energy, and the information you share! I am working towards my commercial license and getting into social media marketing and bartending on the side!
Great source of information. Thank you for sharing your insightful perspective from your own personal experience. I enjoy your pilot videos on your flying destinations. They are very creative and helpful.
Thanks for sharing some great ideas!
You're welcome!
Awesome video!! Thank you for the advices!!
Love this video ; I like how you inspire young girls and women to dream big and work towards their goal!!
Thank you for your kind words!
Not just young girls...brilliantly inspirational presentation.
You are ABSOLUTELY AMAZING GIRL !!! GOOD LUCK !
Thank you for this video...❤️
You're welcome!
I have the two best time jobs in the world. When I say that, it makes my colleagues in both fields cringe. I farm, and I fly.
No pilot loan. My dad and grandpa had planes and my dad took me through my PPL. The military did the rest.
Mam Your advice about Aviation is Amazing (English Vocabulary is Awesome)👍🏻
Thank you for your kind words!
Your channel is so interesting so not only did I give you a thumbs up I also subscribed to your channel. Looking forward to watching your videos!
Very cool and clever :) Generating an alternative revenue source from scratch then using it to pay back your loan is very impressive. Well Done DPG !! Hope you find time to relax for 5 mins at least to give yourself a well deserved pat on the back.
Haha thanks Steve!
That's true she really need to create some time for her to cool her mind a little bit small..but all said n done I wish you well dear..may God bless your job n never give up..
Thanks for posting capt.mich I miss you I love you 😘💕
When you have your health, you have everything! Great video.
Thanks for the love 😍
Hello Michelle so long...what you say applies to most of industry...very true and with todays technology there a lot of alternatives if you operate with responsability and honesty....btw you look pretty DutchPilot Doll!!!👍
Thanks for your motivation talk,am inspired coz am on my way looking for one
I work in the public safety field. No matter what happens, there will always be a shortage of first responders, so no worries there. I have however thought about opening up my own lawn care business. For a few reasons... One, grass will always grow, so there will forever be a need for it. Two, you can start up with a truck, push mower, and weed eater and within 6 months, make enough money to buy more equipment and vehicles and hire people to work for you, and it doesn’t cost much to start up. Been researching the last couple weeks what all I need to do and what licensing I need to start up. Hopefully get the ball rolling this winter so that next season I’m ready. And as far as winter goes, I can also do snow removal and that will always be needed as well because it will never not snow. So therefore there’s no “down season” to worry about
Love your videos!!!
Thanks! Glad to hear you like them!
The video with the Skiathos landing was great. I would love to see more.
Random click on this video and wow, such good guidance from you. Without thinking/planning it I do actually have 3 income streams mostly by accident but you have made me think about it and developing it properly for a secure future. Thank you, you're an inspiration.
Thank u M for the pointers U r doing a good job. Veeeery helpfully video :)🤩
This video has some next level magical words to create an opportunity to the future and not to let it go to waste. Love this video very much thank you ma'am for explaining this. Definitely saving this video for future references.
Thank you for your kind words, glad to hear you like the video!
Thank you for sharing
Since the foundation is good health in life, I started an extra income precisely in this area. Thank you for all the advice and tips. Stay safe dear MIchelle.
Amazing ❤️ proud 💕💕
Living in California (the United States), if I am ever lucky enough to actually MEET a woman commercial airline pilot, thanks to you, I am going to make a point to tell her how much I appreciate her becoming one.
siempre mija con todo el apoyoooo.. cuidate
Wow you are an all rounder, great pilot, business woman, and you could give lectures, you have a great way of making things clear, and easier to understand. Very exceptional woman. You obviously have worked hard, good luck in all you do.
Thanks Stan! Appreciate it!
Great vid! Thank you
Glad to hear you like it!
HI FROM GREECE.VERY NICE INFORMATIVE VIDEOS
Another good vid Michelle , The glamarous lifestyle blown to pieces in this vid , nothing but hard work ,long hours away from home in the early days and that is for those lucky enough to land a job.Lid well and truly lifted on the nameless carriers who make life difficult on a daily basis for there staff, yet we still chòose to use them because they are cheap
Keep up the good work
Was watching Captain Joe debriefing plane crashes when I got notified on discord
Ohhhhhhhhh, My favorite Gal is back, I missed you!!!!!!!!!
Your insights are so Amazing 👏 and useful, which you continued success 🙌 in all of your endeavors
good advice !!!
Wonderful Advice. Your very inspiring.
She's back
Outstanding video. I have a telecom business myself after 20 years in the industry. I didn't know pilot school is akin to the cost of medical school give or take and can take about the same amount of time to pay off. Something a lot of young people don't realize is you graduate college (or pilot school) massively in debt with little to no real world experience in many cases. Building out numerous streams of income is vital. Then making sure you pay the least amount possible in taxes is also paramount. They don't teach us about these things in traditional schools unfortunately. We have to educate ourselves instead. They don't want average folks learning how to build wealth.
Working to figure out how best to create something that will last long beyond me. Saving to pay for my aviation interests. Great insights and glad to see you creating another helpful video. Perhaps one day a side domain of mine will become useful for the aviation family.
Thanks for your kind words!
Welcome back, Michelle
Awesome video 🙂
Hi DPG... I'm in my 60's, and I've never thought realistically about having a second income stream. However, it's never too late!
Thanks for some really great nuggets. You're clearly speaking from personal experience, which makes it all the more meaningful.
I'm now motivated to start working on a couple of ideas that are forming in my mind.
Thanks again!
You look in good health , you are amazing and intelligent, liked the video
Thanks Andrew!
Hey sis! Thank you so much!! Still i didn't start my flying, its very usefull!!! ♥️💙♥️
Hope you get to start soon!
Hi thank you so much for your channel. My friend lost his job with Virgin Air lines flying Christchurch NZ to Melbourne Australia.He was 1st officer on 737. He had just got married and settled into a new home with his wife. He never gave up trying to get back into flying but drove a truck for some time e now drives trains and still applying for flying jobs. Once again thank you.
Thanks Tim, hope your friend gets back in the cockpit soon!
good video, thanks
Welcome back Michelle. Glad to see that Schiphol is now the busiest airport in Europe again! Does this help you I hope?
Hi Tim, Yes it does indeed! Been flying a lot lately!
Hey there Michelle Great Video and subject. Fortunately I never had a pilot loan. I was able to get all my rating and flight paid my the military. Back in the 80's the Veterans Admin was paying 90% of your flight training.
Hi Terry! It's the same in the Netherlands. But as far as I know you need to stay with the military for a minimum of 12 years.
Thank you for sharing ! I love your content, keep sharing ❤
Also I didn’t know you launched a channel before about make up ! I would love to hear your story about this project and I think it could inspire many RUclips entrepreneurs 😊
Als ik financieel onafhankelijk zou zijn, zat ik ergens met jou op een heel rustig eiland inkomsten te genereren voor een veilige en gezonde toekomst. Ben geen vlieger, maar heb wel de kerosine door mijn aderen stromen (ex KLu).
Jouw video’s zijn altijd wel inspirerend en met veel zorg gemaakt. Keep up going the good work.
I use to be a musician as a side job between a few other projects but the lock down make me reconsider.
I had to be able to work from home like my main job.
So I’ve started to do vintage watch restauration and watch modification.
Started as a hobby but also provides incomes. So far so good...
I like vintage watches! Good luck!
"Your health should be your number 1 priority." Yes! Can't be said too often.
Welcome back, pretty lady!
Good tips
Love ur vids
Glad to hear that!
A must watch video for everybody .
I agree 🤣
good job and I hope my nieces see your presentations. thank you for sharing.
Great 👍 video& jump starting ur mind information. Keep'm coming. Besafe & take care💕👌
Thank you for good video inspiring
I love ur vids! U and Captain Joe are my inspiration...I'm 14 rn and my ambition is to become a pilot! Thnku sm for ur vids I love ittt!!!💜💜💜💜💜
Stay Safe💜😁
Hi Michelle
Thank you for this inspiring video
I am nearly 58 years old and working in the mining equipment sector. I am not yet looking forward to my retirement but I am preparing for a side activity to complete my income. Working full time, I am currently catching up with biology and chemistry in order to get ready for my studies which will take 4 to 5 years.
So, YES, it is really wise to have a Plan B in your life !
Thanks again for your time
You and Yours take care
Marie-Claude LAUBIER, from France
It's never too late to learn new skills. Best of luck!
Conversation is good
Some of the top ten things one should consider with their own business...
Know your restrictions, live within them - but keep them adaptable. But, knowing your restrictions, do not share them - only market your strong and proven assets. Consider restrictions on items such as your hour availability, and perhaps your ability to travel - or not.
Do not forget to insure yourself, and especially others that could work for you. Always pay taxes and fees
Welcome back
the problem is, if you want to launch a side business, for having a "job back-up", you need a lot of time and money, to launch something new, and as you said, the new business shall fit to your interests, that you can do it convinced. But if these interests, that would make your new working authentic is something, that is not possible without a couple of thousand of Euros to start, then you can't launch this new business, especially if you have family and need to work 40 hours a week to pay the bills and if you have debts, that has to be payed before you invest thousands in new things. Often it's just not possible to launch something new. 40 hour job plus family and maybe elderlies to look after...
Could you make a video about Santos Dumont Airport? That's a really challenging airport in Brazil.
Hi! Unfortunately I am not flying there so it will be difficult to make a video about it. Maybe in the future!
@@DutchPilotGirl But you did a video about Quito Airport and you were not flying there.
Whenever I'm down, and feel that modern society has made a wreck of things, I turn to you, O, Dutch Pilot Girl.
Thanks for the love and care 🥰
Thanks a lot !!!
You are welcom!
Ik voel me al rijk als ik naar je video kijk !!
Thanks a lot for your thoughts Michelle. Broadening one's income spectrum is very wise for everyone. I'm 33, currently studying materials science in a masters degree program, while doing my PPL in an Aquila A211. Financing it through investing in stocks and through a side job at DHL as a parcel deliverer. Very tough job. I hope it gets better once I can work as an engineer and can proceed with my CPL. Always been my biggest ambition since childhood😃
First year as a regional FO in the USA I made $21k USD . Things have changed quite a bit here in the USA...
Hi! Good video :)
Thanks!
Thanks 😊😊
You're welcome!
So good to see you back Michelle.
A fantastic video as always,
Please explain what V V1 mean, av heard this but don't fully understand this terminology??
Till the next video, take care, safe ✈️ flying.
Hi William, V1 is the decision speed. Before V1 you can still safely stop the aircraft before the end of the runway in case of a rejected takeoff. After V1 you need to take off because there is not sufficient runway length available to stop in time.
@@DutchPilotGirl
Thankyou so much, V1 is the point of no return, fully understood now.
Take care.
You are the prettiest pilot out there!!...super intelligent 🧠🧠
Get a grip.
Hope you are doing and are in good health. Always love your ideas and videos your latest video is really amazing and I have always supported the idea of passive income.
great to see you after so long Wishing you a very happy flight.
Bye
Thank you for your kind words!
Great video...
Thanks!
Such a treasure trove of videos, you have, thanks for sharing your story with us that watch your informative channel. Outstanding job young lady. Yours truly Ed Parkhurst.
Thanks Ed! Appreciate the kind words :)
@@DutchPilotGirl Michelle, your a first class ticket and I'll always fly with you. Only place success comes before work is in the dictionary. If you don't mind if I say that you have shown success to a very high quality. You are loved by many people. Thanks again for your efforts young lady.