AggieMike88
Touchdown! Greaser!
- Joined
- Jan 13, 2010
- Messages
- 20,804
- Location
- Denton, TX
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The original "I don't know it all" of aviation.
Clint, have you considered getting a loan for yourself? If you don't want your daughter to have loan payments, then why don't you get a loan? You seem like a OK guy, but no one will help you pay for a high-priced hobby. You will need to pay for this sir, one way or the other.
Good luck.
Or the Dave Ramsey way.
- Daughter gets busy putting herself through college. As much dad wants to help, daughter might have to start helping to row that boat and eventually take over entire flotilla.
- Clint gets busy doing all that's needed to
- build up $1000 emergency fund
- sacrifice, bare survival budget, work extra jobs to kill his debt
- once debt dead, build up 6-months of emergency fund
- Then dedicate what's needed to build up a training fund of $15,000 so once he starts, any money drained out of the bottom for aircraft/instructor rental can be replaced at the top and there is always funding to continue until the desired/required ratings are achieved.
As much flack as Dave Ramsey gets from folks here and elsewhere, his basic ideas of delayed gratification, sacrifice, and hard work can achieve results. And often faster than you anticipate. Clint has already been doing some of this through his military service career. It just needs to be applied to his financial situation.