Forget the Cost of Learning to Fly, Think Value
You’ve obviously thought of learning to fly or you wouldn’t be here right now. Spend a little time reading Richard Bach’s classic Jonathan Livingston Seagull and I guarantee you’ll be putty in the hands of any flight instructor who offers you a demo flight. You may not even need an airplane.
OK, back to reality … where everyone remembers how damned expensive it is to learn to fly. Blah, blah, blah.
Really?
Cost Vs. Value
Forget what everyone else has told you about why no one learns to fly anymore and prepare your mind for a few fresh ideas.
When you stroll around a new-car showroom or troll the Internet for a set of wheels, is cost the only thing on your mind? I doubt it. If it were, how could Toyota, GM, Honda and the rest have sold all those electric cars? They’re way more expensive than my gas-driven Mini Cooper, the one I’ve been driving for 10 years now … with no payments for the last six. If you’re outside the 1%, you probably think about buying a car in terms of the number of monthly payments before that baby’s yours.
Consider school today. The cost of our daughter’s college is enough to melt the brains of people who don’t have kids. Luckily she’ll only be 22 when she graduates which means she’ll have many years ahead to add her two cents to the entertainment world she loves based on her education.
When we talk flying though, everyone zeroes in on the cost per hour and little else.
But what if we treated learning to fly like a college education or a new car and amortized the cost … spread it out over a few years. What happens next is simply magical. The price of learning to fly begins to look affordable as the raw dollar issue slips to the back of your focus much like minimizing a tab on a browser. You know it’s still there, but it’s just not staring you in the face every moment of the day.
Jim Knollenberg told me the other day that earning a private pilot certificate today, start to finish, probably runs between $10,000 to $12,000. He’s president of Pilot Finance Inc., an Illinois-based company that finances both the private pilot certificate and the instrument rating for the short of cash. [Read more…] about Forget the Cost of Learning to Fly, Think Value