Side jobs/work/ventures

[BritishGuy]

Does anyone on here that's already flying professionally have any nice side little earners? I mean like does anyone on the side have an active Real Estate licence that they actually utilise? Maybe someone trades FX/Bonds/Equities on the side (thats what I'd like to know about the most).....Does anyone find the time, or does anyone stump enough enough finance in this industry to run successful eBay business?

All this talk of people in this profession not being well paid and all wants to make me have a nice little side earner, but was wondering if anyone on this side who's active with a professional flying job has one.

 

[Northern Lights]

I would also be interested in a little side work. I'd like to find a way to make approx $500-$1000 a month without having to use ALL of my free time!

If you've ever been to your local county fair/art show/farmers market, you see those stands selling lemonade or mini-donuts. I've always wondered what kind of $$$ that brings in.

 

[Magneto]

I'm getting into a business venture with a company called Pharmanex. They are a subsidiary of Nu-Skin International. I really believe this company has a lot of potential. For more information check out the website www.pharmanex.com or pm me. I hate typing and don't want to explain the whole deal unless someone is really interested. If you aren't in to selling on your time off this isn't the venture for you. Big money can be made by those who are motivated. Food for thought.

 

[CSY Mon]

Well, yes, I have a commercial license to drive boats and make a little money now and then doing just.

Good to have now that my arse is furloughed from a major.

Several of my flying buddies have signed up for "Optioneer" and make mone on the side....Check it out on the 'net.

Meh think the web address is: www.optioneer.com

 

[Iceman21]

Several of my flying buddies have signed up for "Optioneer" and make mone on the side....Check it out on the 'net.

Do you have any idea what the potential earnings are, and what sort of initial investment you must make to get into this?

 

[CSY Mon]

Earnings can be as much as 10% per MONTH.


I think they recommend at least $25K to start with, then there is the $4K sign-up fee.

Have heard good things about it as a bunch of pilots are "doing it".

 

[BritishGuy]

$25K! For trading options?? Oh my god, I don't know the whole schbang, but if you're investing $25K only to trade options, I think thats a bit too much, you can trade options for a hell of a lot less than that. But yes, they're good instruments to make money out of. Another thing I've looked into is FX trading with www.oanda.com Try the FX trading game (simulator) for a month, and see if you make money using methods (not gambling basically). You can walk away with decent money by 'scapling' the market.

 

[CSY Mon]

Relax, ya are not paying $25K to trade options.

The 25 is yer bank and yer money.
Ya are actually selling insurance to option traders using a very specific formula where the risk is minimized and the gains, or profits are 85% "sure".
Ya also buy yer own insurance against huge losses.
Pretty neat program and I did the seminars and courses myself for awhile, but bailed out as the market was down at the time. (8 months ago, FTSE, London Stock Exchange was flat.)

I was however being a bit impatient, had I stayed in I would have been pretty good right now.
The Optioneer folks are really good and they give ya a money-back gurantee on yer $4K sign-up fee...I got every cent back and can recommend the program, but right now I am not involved at all.
Put my $4k + $25K into something else instead and doing okay..If I had the patience to stay with Optioneer, I would have been better off and perhaps set for life as the deal snow-balls and gets bigger and bigger for every "trade".

No guarantees however and operators are standing by....

 

[Iceman21]

investing 25k is not possible on a flight instructor's income. I don't think I have even made 25k in the past two years.

If anyone has some ideas/advice for getting some extra cash in my pocket please by all means toss them out there.

I don't even know where to start FX trading, other than trying to learn how it all works.

 

[CSY Mon]

Yup, it ain't for CFIs.

Most of the guys doing the Optioneer thing are senior folks with major lines.

When I was a CFI 100 years ago I did some stuff on the side to make ends meet:
Drive cabs, move lawns, merchant marine sailor, and some other stuff I am trying to forget about,

Did not have 25K in the pocket either.....Still don't..

 

[414Flyer]

$25K! For trading options?? Oh my god, I don't know the whole schbang, but if you're investing $25K only to trade options, I think thats a bit too much, you can trade options for a hell of a lot less than that. But yes, they're good instruments to make money out of. Another thing I've looked into is FX trading with www.oanda.com Try the FX trading game (simulator) for a month, and see if you make money using methods (not gambling basically). You can walk away with decent money by 'scapling' the market.

What are some of the methods you use?

 

[BellyFlyer]

Yup, it ain't for CFIs.

When I was a CFI 100 years ago I did some stuff on the side to make ends meet:
Drive cabs, move lawns, merchant marine sailor, and some other stuff I am trying to forget about,

I didn't know people moved lawns. Is that a sod-type operation?

 

[CSY Mon]

Uh-uh, spelling error, and caught by the spelling police.

Sorry dude, won't happen again, but ya scored a point, hope that made yer day...

 

[Dominicinco]

vending..

How about the vending machine business? Sure it may not generate 10-20k a year but a little pocket money helps. And you can check/restock it weekly or whenever the hell you feel like making more quarters. I would do it but just not here in NYC, too many problems (I may be sterotyping but why are the machines here locked and chained while in other parts of the country they are free standing?)

 

[BellyFlyer]

Uh-uh, spelling error, and caught by the spelling police.

Sorry dude, won't happen again, but ya scored a point, hope that made yer day...

Not at all. I wasn't trying to bust your chops. Thought it may have been some legit grass transplant gig. We all make mstaiks

 

[CSY Mon]

Roger on that Mr. Bell flyer.


No, I was not really moving the lawns, but rather cutting grass for a flight school I worked at in central Florida in 1981...If there was no flying, or fueling airplanes going on, I drove a tractor around the the grassy areas between runways and taxiways and made half my CFI rate, or $5.00 per hour...Got to log some serious tractor time and it kept me out of the poor house.

Anybody else done flying or teaching out of Lake Wales, FL...?

 

[JB74]

Anybody else done flying or teaching out of Lake Wales, FL...?

I lived there a couple years ago. There isn't a flight school anymore (as far as I know of) and I think they just do skydiving. Everyone who wants to learn to fly in the area either goes to BOW or GIF. Did all my practice touch 'n goes there during my private dodging all the "meatballs" falling around me.

 

[CSY Mon]

JB74:


Roger on dodging the meatballs in Lake Wales....

(Or beef-bombs)

Yeah, there was a flight school called Lake Wales Air Services, a part 141 operation, but not very active: I was THE instructor there for a few months.
The owners however had a DC-3 operation in Puerto Rico called "Southern Flyers" and I got invited down there to haul the 3s...A good break for a 1000 hour kid.
Then there was all the Latin girls and the Carribbean flavor....Aye good old days.

Will always think of Lake Wales with fond memories and may stop by one day to say hello to the town and the airport.

 

[turpentyine]

I plan on getting a major in real estate at my college. What it is that I am going to do with it I do not yet know, but I am getting it. Kinda dumb I know but was never really interested in anything else but flying.

 

[flx757]

See avatar. Of course, then you have to decide if you are happy being a "side" man, or want the "front" man job...

Then again, that decision may be made for you, if you know what I mean.