One of the things we did on the American Bonanza Society email list was share our method of supporting the nasty (and expensive) habit of owning and flying airplanes.
As a newly graduated mechanical engineer (although in my mid 30s, having served as a Navy Submarine enlisted man before heading to college), this was a very enlightening and uplifting discussion. Based on reading what other folks had done to acheive the relatively high level of income required to fly expensive airplanes, I started several businesses on the side and am finally on my way to being able to afford something like a Cirrus.
So, to start us off, here is what I do for a living:
Engineering Program Manager for the Advanced Technology Institute (my day job). Basically we form teams from many large companies and organizations (Raytheon, Ford, NASA,…), write and win proposals for Government or Industry contracts, and manage them. After gaining confidence from reading about how others were making a living, I quit this job in March. But they gave me a raise and allowed me to work on my other businesses in exchange for me staying with them. I was VERY pleased and have a renewed feeling of freedom and autonomy.
President and Janitor of “Office Calls”, a business in which I fix computer problems in small business offices after working hours. This is a wonderfully fulfilling job, due to the immediate gratification I receive from people in need.
Although I work about 80 hours/week at present, I am pleased to report that my wife and I can now actually scrape by on my salary from #1, above, and we are well on our way to becoming airplane owners due to income from #s 2 and 3.
I hope you contribute to this thread and find it as interesting and uplifting as we all did on the ABS.
Charleston, South Carolina