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40-0Flight

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Everything posted by 40-0Flight

  1. 40-0Flight
    Read This Not being smart... Read the 1970's and 1980's. It does a good job of pointing out the differences between the 3 models, and is a very short read.
  2. 40-0Flight
    Jeppesen is owned by Boeing.. but Jeppesen is a aviation charts company. Something that Foreflight handles well.
  3. 40-0Flight
    As someone who refuses to drink the Apple "cool aid", Sadly ForeFlight is hard pill to swallow either way. Maybe Boeing's injection of capital will get them to finally develop for the rest of the world. (Android) Until then, Avare, or FltPlan Go hold a nice second place. Oh and did I mention the price? FREE
  4. 40-0Flight
    Thank you for this wealth of information, and very nice plane by the way! I like the sound of what you have put together. While it sounds like the focus of you spreadsheet is leaning more to tracking actual expenses. There is definitely some good food for thought in here. My goal is to create a tool that allows a buyer to estimate the cost of ownership for a plane they intend to buy, and a current (low time) owner to adequately plan for the future. Additionally this "estimate" will (hopefully) be somewhere between a "rule of thumb" and "Actual costs" in terms of accuracy. I feel this level of accuracy can go a long way into helping answer questions like. "GTN650 upgrade this year or 2 years from now?" Interestingly enough point I want to mention, is Yes.. the 3X Ga$ rule really is pretty close. (leaning more to 3.3X but that is splitting hairs) A number of different scenarios I've run through this sheet all come back in the 3X Ga$ ballpark. Either way it is a fun little project for me, as my next step is to take the "spreadsheet" and turn it into a fully functional Web application where users can poke in some numbers and get an estimate back.. maybe even save/compare/price shop them with similar model of planes. Thanks again for your feedback!
  5. 40-0Flight
    @Yetti That is awesome! She can't say she didn't get anything out of it!
  6. 40-0Flight
    Fair enough.. I blame the age, but truth is, you don't use it you loose it. And when I say I've done the kings ground school twice... that was over the last decade. I was disappointed how much I had forgotten when I went through it the second time last year again. Made me realize I need to have things in place to Use the knowledge, not just learn it. So, once life "unfreezes" I feel I'll be prepared. In the meantime, My son just finished it too, so I'm getting my use out of that training set! LOL
  7. 40-0Flight
    aww man, none of your photos show up, would love to see it. And my hats off to you! I have to imagine my experience with a heavy leather, and a sewing machine, would probably make the news and involve a trip to the emergency room with a plane seat sewn to my arm or something! LOL
  8. 40-0Flight
    -Thanks for pointing that thread out, I look forward to reading through it. -'having to drop $40K is the scary part. ' There is so much truth to that.. The hope, is that the 40k drop comes later than sooner, and with luck you have built up your Reserve enough to survive it..... But don't get me wrong, I'm not oblivious to the worst case scenarios. -'the next thing is how you can reduce some of those costs. Making friends with the IA and building a trust relationship' I couldn't agree more, I'm a very hands on person mechanically, so I genuinely look forward to doing whatever work I can do. And being new to the entire GA community, meeting the people is half the fun... In the meantime, I help where I can, and know I have a bit of time before I purchase. -'Since I see you are on the other side of Houston we will have to go up sometime. Get to working on your ground school.' Message me any time, I'm always looking for an opportunity to get some more "feel for it" while I'm waiting to pull the trigger for full on training. Life has me on a little bit of a freeze currently so I can't push forward this minute... But I can always enjoy a peak of the future every so often. -P.S. I have actually own and have done the Kings ground school training program 2 times now and can/could pass all their training tests with ease.. But then time passes without using it and it starts to fade... so I'm going to hold off on doing that again until I know I get to commit to training/flying on a regular basis. What can I say... at 40, the ole mind just doesn't store information like it used to. lol
  9. 40-0Flight
    Its funny you commented on the "interior" part of this... because I had a LOT of back and forth on this one. This is the conclusion I finally came to for why I have it as part of your Major Reserve. Bear in mind there are a number of 'IF's here, but as a base line I feel it holds true. IF, your engine makes 2000 hrs TBO. IF, you fly 100 hrs every year. That is 20 years. Interiors realistically only hold up so long regardless of butt time on it. So my thought is one would want to refresh the interior on their plane at Least every 20 years. If not it seems you really would be doing your investment quite the disservice by ignoring something that is so cosmetically obvious, and in the scheme of things I "believe" is one of the cheaper things. So be it a DIY seat cover, or a complete cabin reupholstery. It makes sense that you plan to tuck a little away so you can handle it the day you get sick of the spring poking you in the back. As far as what the actual costs are tied to getting a planes interior redon... I sincerely don't have a clue. But I do know I would sooner swap my own engine, and redo my entire front panel myself then claim I could build a seat cover wouldn't look like a 3rd grade art project!
  10. 40-0Flight
    Coastal Skies Aero Club has a Rental Mooney at KLVJ Pearland Regional (Houston, TX area). Though I hear it had landing gear issue a few weeks back, not sure if its back up and running yet.
  11. 40-0Flight
    Glad ya like it and thanks for the feedback! Hope you find a Rocket that works for you!
  12. 40-0Flight
    I'm just at my computer currently. Makes it easy to change... After I'm happy the data is behaving the way it is supposed to. I will probably turn it into a public web app for anyone to use online. Maybe next week or so. I appreciate you playing around with it and beating on it. Helps finding bugs easier.
  13. 40-0Flight
    Done.
  14. 40-0Flight
    I see what you're saying with the interest vs the principal. That might be a little more granular than i was thinking.. .but I'll look at it. Also I found and fixed the 3400 problem Feel free to throw away that last download! lol
  15. 40-0Flight
    you were correct, I had a typeo in my calculation for financing.... I corrected that and added some error chekcing. Now, when you put in a purchase price of 0 inspection of 0, transport of 0 loan of 0. Your Total Costs w/ Financing will equal Total Cost no Financing as you would expect. Also it will accept an interest rate of 0% and handle it correctly too
  16. 40-0Flight
    I'm still working on a better way to handle and represent that... but in short.. if you own the plane already... you simply ignore the Top two sections of "Total host (w/Financing) and (Financing Cost) I will play with your scenario a little and see how it looks
  17. 40-0Flight
    Your plane vs her horses.... I think what you have here is a Mexican stand off! Maybe the Mooney suggestion was to distract you from the new horses that just "appeared". lol
  18. 40-0Flight
    Sounds like a good start.
  19. 40-0Flight
    Updated screen shot for those interested:
  20. 40-0Flight
    Nice.. I knew I couldn't have been the first person to build something like this! After further review, I'm more confident my spread sheet works as desired now... My numbers are damn near identical, when I put in the same variables. To me at least that is promising
  21. 40-0Flight
    That was the first thought that went through my mind!!!!
  22. 40-0Flight
    Risk mitigation is not the removal of risk, but a diligent effort to identify risk as well reduce the likelihood and impact prior to its occurrence. So your statements are 100% true, and your experience is a great basis expecting the unexpected. I don't feel it negates the value of a little planning and estimating. But that is just my 2c.
  23. 40-0Flight
    Well said! Any "Estimate" has to be taken with a grain of salt... But when its not "old hat", the exercise of filling one out helps you see the picture.
  24. 40-0Flight
    Personally, I have rarely saved a dollar in maintenance that didn't costed me two down the road. But I get it.. If I'm not "required" to do the maintenance, I'm still going to weight out my options.
  25. 40-0Flight
    Not snarky at all.. I don't know these things so thanks. I have a pretty good mechanical back ground.. but growing up on the farm, you fix it when its broke. The idea of maintenance schedules is not the world I come from.
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