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Is moving to America this year a good idea?
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xCustomx



Joined: 06 Jan 2006

PostPosted: Mon Jan 26, 2009 12:16 pm    Post subject: Is moving to America this year a good idea? Reply with quote

I'll keep this short. Would you advise moving to America this year? Or would it be better to try and ride out the economic problems in Korea for another year?
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Kuros



Joined: 27 Apr 2004

PostPosted: Mon Jan 26, 2009 1:03 pm    Post subject: Re: Is moving to America this year a good idea? Reply with quote

xCustomx wrote:
I'll keep this short. Would you advise moving to America this year? Or would it be better to try and ride out the economic problems in Korea for another year?


Tell us more.

Would it be your first time in America?

What skills/trades do you possess?

Is your bank balance good/great/zero?

Etc.
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Mon Jan 26, 2009 1:09 pm    Post subject: Reply with quote

The very best place to be in a recession is in training. While Korea might offer a more stable income, going home and getting the education/career skills right is a better long term decision. Unless you're done schooling, in which case it depends on what your vocation is (assuming you aren't an esl teacher by trade).
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xCustomx



Joined: 06 Jan 2006

PostPosted: Mon Jan 26, 2009 1:18 pm    Post subject: Reply with quote

I'm an American, planning to marry my girlfriend in the summer, have zero debt, and a significant amount of cash saved up.

The reason why I'm worried is because I will go to a pilot school and pay nearly $40,000 for all my pilot ratings. This will wipe out a lot of my savings, and jobs for pilots are very hard to find right now. It doesn't make a lot of sense to me to spend that much money on training, only to be unemployed once I finish in five or six months.

My girlfriend has waitied patiently for us to move and get married, and I have delayed the move for about two years, mostly because I wanted to save up enough money to pay for the pilot school in cash, and not have a huge amount of debt hanging over my head for 15-20 years. I make a decent amount of money here, and love my job. I wouldn't mind waiting another year to try and wait until things improve, but one of my fears is that I'll get too comfortable in Korea and never pursue my lifelong dream of becoming a pilot.
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michaelambling



Joined: 31 Dec 2008
Location: Paradise

PostPosted: Mon Jan 26, 2009 1:40 pm    Post subject: Reply with quote

xCustomx wrote:
I'm an American, planning to marry my girlfriend in the summer, have zero debt, and a significant amount of cash saved up.

The reason why I'm worried is because I will go to a pilot school and pay nearly $40,000 for all my pilot ratings. This will wipe out a lot of my savings, and jobs for pilots are very hard to find right now. It doesn't make a lot of sense to me to spend that much money on training, only to be unemployed once I finish in five or six months.

My girlfriend has waitied patiently for us to move and get married, and I have delayed the move for about two years, mostly because I wanted to save up enough money to pay for the pilot school in cash, and not have a huge amount of debt hanging over my head for 15-20 years. I make a decent amount of money here, and love my job. I wouldn't mind waiting another year to try and wait until things improve, but one of my fears is that I'll get too comfortable in Korea and never pursue my lifelong dream of becoming a pilot.


Is your wife American?

Lifelong dreams are more important than money--go for it. I pursued my lifelong dream of getting a PhD, but didn't get a job in academia; I don't regret it for a second, though.
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canuckistan
Mod Team
Mod Team


Joined: 17 Jun 2003
Location: Training future GS competitors.....

PostPosted: Mon Jan 26, 2009 4:17 pm    Post subject: Reply with quote

Aviatin' is a boom or bust kind of business. When it's bust there's lots of out of work pilots--especially the newbies with low hours, and it's thousands to get yet another rating to fly this and that rig just to get a job (unless the company pays). Ditto for the mechanics who fix 'em.

I'd wait a year.

In the mean time you can get married at the courthouse in Seoul Smile
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Ya-ta Boy



Joined: 16 Jan 2003
Location: Established in 1994

PostPosted: Mon Jan 26, 2009 4:24 pm    Post subject: Reply with quote

Quote:
and jobs for pilots are very hard to find right now


To me, that's the key sentence. I'm getting conservative/cautious in my old age. While I've always believed the more education, the better, right now I think timing is the important factor. Another year would increase your nest egg...and the Won might recover some of its value by the end of the year--all the better for you.

But definitely don't give up your dream.
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riverboy



Joined: 03 Jun 2003
Location: Incheon

PostPosted: Mon Jan 26, 2009 6:14 pm    Post subject: Reply with quote

I'd do what Yata boy says.

Follow the won. Many people feel it will have a good year against the dollar. It could mean a significant amount of money in the end..
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D.D.



Joined: 29 May 2008

PostPosted: Mon Jan 26, 2009 6:14 pm    Post subject: Reply with quote

I wasted 3 years of my life trying to be a pilot.

If you don't have a father who is a pilot or family connections don't do it.

Even people with connections are struggling for work.

The days of a pilot being a good job ended in the late 80"s. Now it is longer hours and discount carriers for discount wages.

Flying from point a to point b is very boring. I do enjoy flying when there is not a flight plan but flying for a job would be so boring.

I had flight hours, high grades, and high air force test scores but was still waiting for a plane in the Canadian air force after two years. I was was of the lucky ones as most people failed.

I though then if the air force had no spots I would go to a good pilot academy. Soon found out that the best schools take pilot's sons even when they have low grades over people like me.

Landing a job is so difficult and after 20 years people I know who stuck with it are flying smaller planes for small carriers. Those people also had fathers who were pilots.
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Mon Jan 26, 2009 6:19 pm    Post subject: Reply with quote

Ya-ta Boy wrote: