I feel that the reason for this frustration is that I am so driven to make my end-goal a reality right now, though in reality, these things take time. For those who are new to my dreams, here's a quick summary. After I earn my Instrument Rating, I plan on buying my own airplane, a WWII "L-Bird." This will allow me to build cross-country and total-flight time towards my Commercial Pilot's License, the next step in my training to become a Professional Pilot. I wanted to buy an L-Bird anyways, even after obtaining my Commercial, so I could sell plane rides, do "war gaming" missions, and eventually flight instruct with it.
When I looked in my logbook, and saw that by the time I got my Instrument Rating I'd have 175 hours total flight time, I figured I'd do some "number crunching." 175 hours leaves me with 75 hours of total flight time until I'm eligible to obtain a Commercial License (250 total hours.) I calculated it all out, and found that by buying my own L-Bird, and building time, I'd actually save money in the process (compared to just renting the plane from my flight school.) Now, granted, I still will need 10-15 hours of instruction and flight time in a high-powered/complex airplane, but it still comes out to be more affordable with my own plane, plus, I was going to buy it anyways down the road.
So, all of this being said, I have reached a bit of a point of frustration (despite my timely achievements.) I plan to complete my Instrument Rating by December. After that, I plunge head-first into Commercial Pilot training...but there's a catch. Sure, I could start training in the flight school's Cessna and build time that way. However, given the option of owning my plane now, and saving money from renting in the process, I feel that buying my L-Bird first makes the most sense. For this reason, I find frustration. "Why," you ask? The easy answer is "money," but this is not an easy situation. To make a long story short, I am having trouble getting financed for the plane. I have been building my credit responsibly for two years now, yet everywhere I seek a solution, my history of employment income is not enough to satisfy potential lenders. This frustrates me, because I can afford it. I even began early repayment on my far-less-than-average student loans.
I am frustrated because I have done everything in my power, and everything necessary, to get in the best position to buy an airplane, and further my journey towards becoming a professional pilot. Yet, I am put in a "holding pattern" by those who hold the key to my progress in that sector. The only thing holding me back is this loan issue. Beyond that, I am free to fly. I've been able to come up with a solution to every other "road block" encountered so far in my pilot journey. How do you think I can solve this one?
So, all of this being said, I have reached a bit of a point of frustration (despite my timely achievements.) I plan to complete my Instrument Rating by December. After that, I plunge head-first into Commercial Pilot training...but there's a catch. Sure, I could start training in the flight school's Cessna and build time that way. However, given the option of owning my plane now, and saving money from renting in the process, I feel that buying my L-Bird first makes the most sense. For this reason, I find frustration. "Why," you ask? The easy answer is "money," but this is not an easy situation. To make a long story short, I am having trouble getting financed for the plane. I have been building my credit responsibly for two years now, yet everywhere I seek a solution, my history of employment income is not enough to satisfy potential lenders. This frustrates me, because I can afford it. I even began early repayment on my far-less-than-average student loans.
I am frustrated because I have done everything in my power, and everything necessary, to get in the best position to buy an airplane, and further my journey towards becoming a professional pilot. Yet, I am put in a "holding pattern" by those who hold the key to my progress in that sector. The only thing holding me back is this loan issue. Beyond that, I am free to fly. I've been able to come up with a solution to every other "road block" encountered so far in my pilot journey. How do you think I can solve this one?
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