GA Flying Down 20%

Jay Honeck wrote:
While it's not what it once was, a million bucks is enough to live on
quite comfortably for decades.

Where? And at what inflation rate?


$1 million dollars, without so much as putting it in a passbook
savings account, will net you $50K per year for 20 years. That's two
decades.

Invest it even semi-wisely, and you should make it three decades or
more.

You can $50K out annually in perpetuity and never have less than a
million. But I'm going to need a lot more than that in retirement so
one million isn't nearly enough.

Jay Honeck wrote:

$1 million dollars, without so much as putting it in a passbook
savings account, will net you $50K per year for 20 years. That's two
decades.

Where I come from you can't live comfortably on that. And if the
inflation rate is (say) five percent, then in twenty years that $50K
would buy what $19K buys now.


You can't live comfortably on $50K per year? Remember, you would be
incurring NONE of the expenses inherent with earning a living (I.E.:
Commuting, clothes, etc.)

Don't you drive 4 miles to work?

"Newps" wrote in message
. ..


Jay Honeck wrote:

$1 million dollars, without so much as putting it in a passbook
savings account, will net you $50K per year for 20 years. That's two
decades.

Where I come from you can't live comfortably on that. And if the
inflation rate is (say) five percent, then in twenty years that $50K
would buy what $19K buys now.


You can't live comfortably on $50K per year? Remember, you would be
incurring NONE of the expenses inherent with earning a living (I.E.:
Commuting, clothes, etc.)

Don't you drive 4 miles to work?

Jay's not talking about his situation NOW.

Nomen Nescio writes:

AKA, blowing Daddy's trust fund.

Daddy has never had a trust fund.

On Jun 2, 4:04 pm, Mxsmanic wrote:
France as a whole isn't very favorable
to GA; it was early to enter the aviation field but today many obstacles make
it extremely difficult to fly for fun in the country.

You really do not know what you are talking about, do you?
France is a great place for flying for fun, period.

-Kees.

writes:

You really do not know what you are talking about, do you?

I know only too well what I'm talking about.

On Jun 4, 3:03 pm, Mxsmanic wrote:
writes:
You really do not know what you are talking about, do you?

I know only too well what I'm talking about.

Okay, do you mind to share some of your flying experience you have in
France?

-Kees

M wrote:

On May 31, 8:05 am, Jay Honeck wrote:


"The good news: the number of GA accidents in 2006 declined to 1,515
from the 1,669 accidente in 2005. The bad news: The NTSB reports that
part of the decline was due to the steady decrease in the amount of GA
activity. Since 1990, says the Safety Board, GA hours flown each year
have declined, totalling a 20% drop".


Just look at the drops of avgas consumption:

http://tonto.eia.doe.gov/dnav/pet/hist/a403600001m.htm


Thanks for that link. It basically shows the drop in GA flying since
autogas or Jet A increases can't come close to making up the drop in
the last decades/years.

Ron Lee

writes:

Okay, do you mind to share some of your flying experience you have in
France?

I don't fly in France except as a passenger, and then only reluctantly.

On Jun 4, 3:52 pm, Mxsmanic wrote:
writes:
Okay, do you mind to share some of your flying experience you have in
France?

I don't fly in France except as a passenger, and then only reluctantly.

I see, you meant that flying for fun in France is extremely difficult
for you.
But I fail to see in what way and how the French goverment is involved
in that.


-Kees