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HomeAircraftHelicopterHelicopter Main Discussion › Been out for a while is RC flying dying off?
03-13-2015 05:49 PM  3 years agoPost 101
mk2fanatic

rrNovice

Portland Maine

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Being in my 40's, single, and riding the wave of a midlife crisis, Helis have helped me keep my mind and hands occupied. Would have gone completely off the reservation by now if it wasn't for the hobby. Another unfortunate is that I've had to thin my fleet out just to build my first kit. With prices of everything rising, and my company cutting our hours, the money just isn't there. Things will get better I'm sure. Until then, I just try to enjoy the one functional heli I have,improve my skills, and learn as much as I can from you fine folks here at RR.
I hope the hobby never goes away, but if it does, I'll grab as many spare parts as I can and keep at it until they run out, or my hands are unable to hold a transmitter. Whichever comes first😄

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03-13-2015 07:02 PM  3 years agoPost 102
utahbob

rrVeteran

St. George Utah

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CC debt
Yeah that's very real..when I first started in this hobby; we had a kyosho rep in our area..he had to quit cause he racked up 8 grand in plastic! It's easy to do--I've done a little myself.

I do a great decending funnel!

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03-13-2015 08:01 PM  3 years agoPost 103
jharkin

rrApprentice

Holliston, MA - USA

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Rob makes a very good point. I have seen a lot of youngsters- kids in their 20s - show up at our club field with some real expensive stuff, including 40% planks.

Granted I have some expensive toys including a 30%er and a pair of 700s... but Im closing on 40, 17 years in the job in a high paying field (software), have house and kids, and have been socking away for retirement since I was 22. I am at the point in my life where my income justifies those splurges, I can buy those things cash and not at the expense of anything else more important.

Its all priorities.

-Jeremy
Whiplash-G
Helix 700G
T-Rex 450 fbl conversion
alot of planks

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03-13-2015 09:16 PM  3 years agoPost 104
spaceman spiff

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Tucson

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Im closing on 40,..., and have been socking away for retirement since I was 22. I am at the point in my life where my income justifies those splurges, I can buy those things cash and not at the expense of anything else more important
Smart man. I read an article yesyerday about a guy who set up IRA accounts for his very young kids. 1$ a day invested till they are on thier own turns into a few million when they are 66... even if the kids don't do any contributions themselves. Forward thinking and patience is all that really separates the old fart gold -plated turbine owners from the poor.

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03-13-2015 09:51 PM  3 years agoPost 105
jharkin

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Holliston, MA - USA

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Smart man. I read an article yesyerday about a guy who set up IRA accounts for his very young kids. 1$ a day invested till they are on thier own turns into a few million when they are 66...
Thats the right concept...But there are a couple of catches... biggest one is you can only contribute in the kids name if they have reportable earned income (allowances dont count) - so for practical purposes he could only do a $ from the time the kid was a teen. Even if you could somehow start very young, I ran the numbers and a buck a day till 18 becoming millions would require something like a 10-12% annual return. I dont bet on that anymore in this market.

But nevertheless its a good idea and the reason why its so hard to catch up late in life.

-Jeremy
Whiplash-G
Helix 700G
T-Rex 450 fbl conversion
alot of planks

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03-13-2015 10:58 PM  3 years agoPost 106
spaceman spiff

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Tucson

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Good point. It must have been a custodial account to start.

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03-13-2015 11:14 PM  3 years agoPost 107
GREYEAGLE

rrElite Veteran

Flat Land's

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Where did this Info Come from ? Urban Legend ?
How does a { Child } have a reportable Income ?

Millennial / Gen X / Pepsie Gen / Boomer / or the Greatest Generation's ?

THAT's NUTT's and a Bucket of Nutt's " TWO PAnts Full" :

What is the difference betwen Then and NOW : So How do you catch Up to DEBT ??

biggest one is you can only contribute in the kids name if they have reportable earned income (allowances dont count) - so for practical purposes he could only do a $ from the time the kid was a teen.
What a mess - if Granny want's to give $100,000.00 to Each of her 18 year old grand kid's can she do it ? And Hold it until they are 4o ??

Or if Great Grand Daddy put $5000.00 per year away could he do it upon the child's birth ? Then have Granney pile on HEr's ??

So Borrow 100,000.00 at 8% knowing the Prime is .06% on Fed Securities and YEt wonder ? Why your Saving's is making NO MONEY

Where is the Back Stop and WHy do AMERICAN' have a Banking and Loan System ?

IT'S CANDY LAND FOR THE BREAD GOBBLER'S

greyeagle

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03-13-2015 11:37 PM  3 years agoPost 108
spaceman spiff

rrKey Veteran

Tucson

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Not the article i was talking about, but... that guy is not the only parent doing it.

http://www.schwabmoneywise.com/publ...counts_for_kids

Investing acounts are not the bread gobblers, helis and women are. hebehe.

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03-14-2015 12:27 AM  3 years agoPost 109
jharkin

rrApprentice

Holliston, MA - USA

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Greyeagle Im having a real hard time understanding you.

The point is that a parent can only put money into an IRA in a childs name, if said child has income great than or equal to the amount deposited per year. So for example if your 15 year old kid has a part time job you can deposit up to whatever they earn that year delivering pizza's etc.

OTOH, A parent can put as much as they want into a a regular non-tax advantaged custodial account with no limits, other than the gift taxes (like a brokerage account or CDs or whatever).

-Jeremy
Whiplash-G
Helix 700G
T-Rex 450 fbl conversion
alot of planks

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03-14-2015 12:48 AM  3 years agoPost 110
GREYEAGLE

rrElite Veteran

Flat Land's

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NOW THAT IS TRUE : The word Children is for the Yet to be Employed - and Legal age of Employment :

Then their are all sort's of Packages to segregate or tool's :
Which in itself can be a Pandora's box to reconcile.

Many Unknown's especially with the Plethora of Wild Hair product's they are presently trying to market : Never Trust the Seller - Find OUT

Their are Load's in Front - Load' in the Middle and Load's at the end :
Then SAM at many level's after that.

Best gift you can EVER give a Young Child is DEBT !
Once they Learn Debt at a Early age they will NOT Do it as they AGE unless they know all the risk and reward.

Their are now Lending Institution's in the UK that are charging load or interest for safe keeping ! It's Cyber cartoon too !

Good new's ? Dollar value is climbing FAST and Higher interest rates are on the way !

Some HOW they TAUGHT ENTITLEMENT

greyeagle

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03-14-2015 01:00 PM  3 years agoPost 111
jharkin

rrApprentice

Holliston, MA - USA

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Trying to read this thread is starting to make my head hurt...

-Jeremy
Whiplash-G
Helix 700G
T-Rex 450 fbl conversion
alot of planks

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03-14-2015 01:31 PM  3 years agoPost 112
rpat

rrElite Veteran

Weirton, W. Va.

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I don't know for sure ...but I think that greyeagle there has some mind enhancing attributes going on there.

trex 700fbl cal30,minititan,, trx600fbl,trex250,logo 500,Velocity N2

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03-14-2015 01:34 PM  3 years agoPost 113
cjpainten

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Tri$tate

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Either that or a bad case of Alzheimer's

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03-14-2015 02:57 PM  3 years agoPost 114
banshee rider

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Phoenix AZ.

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You people are JUST starting to wonder about GREYEAGLE !!!!

ageing is manditory maturity is optional

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03-14-2015 04:58 PM  3 years agoPost 115
GREYEAGLE

rrElite Veteran

Flat Land's

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Load is another word for service fee / handling fee / interest rate / processing / carry fee / ect.

Who da Dummy

Your Credit card is FREE ! your ATM is Free / the Cost of mailing the Statement is Free ? : cREDIT cARD/ dEBI cARD / aTM FEE

The merchandiser get's to use your credit card FREE !

AT EVERY : Shift OF MOVEMENT Their is a charge or load

Don't think too hard because what you don't know will hurt ya

POOF ! Invest in Blue Elderberry Juice

Now git to work

Buy a ARf it's good for ARF business

greyeagle

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03-14-2015 05:00 PM  3 years agoPost 116
rpat

rrElite Veteran

Weirton, W. Va.

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Hey from what I have observed there are times he is coherent but just not on this thread.

trex 700fbl cal30,minititan,, trx600fbl,trex250,logo 500,Velocity N2

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03-14-2015 08:23 PM  3 years agoPost 117
vinnielopez

rrNovice

ft lauderdale

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lol

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03-15-2015 09:23 AM  3 years agoPost 118
IrvingWashingto

rrNovice

Valladolid - Spain

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Here in my club we where up to 140 members. Last year we were no more than 80.

I think its related to echonomical issues. The peak was during the real state bubble. Everyone with a kid could buy some planes for him and take him to the club, but its an expensive hobby and nowadays I dont see that pattern. No more kids with his dads entering the hobby.

It really doesnt matter that much, that kids entering the hobby got tired soon cos they only wanted to try, they didnt really loved the hobby. I think now we are at the "normal" level, when only people really interested in will give it a try.

Here in spain the local hobby shops are declining too, but there are some shops with internet presence and very good prices that sells much more now than ever.

regards.

Trex 600 L Dominator
Trex 500 L Dominator

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03-15-2015 09:33 AM  3 years agoPost 119
raptorapture

rrApprentice

Singapore

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Actually GREYEAGLE is spot on in his last few posts, seems to know more than his style of prose suggests. I've been wondering if it is substance, software, whim or humour that drives the manglement

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03-15-2015 11:42 AM  3 years agoPost 120
banshee rider

rrApprentice

Phoenix AZ.

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raptorapture {quote}
Actually GREYEAGLE is spot on in his last few posts, seems to know more than his style of prose suggests. I've been wondering if it is substance, software, whim or humour that drives the manglement {end quote}

IMHO his prose is a result of his knowledge
he does make valid points in most of his posts
I just wonder like you are
why he thinks its necessary to write in the style
that he does

Obviously he derives some sort of satisfaction from doing it
He probably does it just to test peoples intelligence
While he sits behind his keyboard giggling and reveling in
his imagined superior intelligence
While the dummies on here try to decipher what is written by him

ageing is manditory maturity is optional

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HomeAircraftHelicopterHelicopter Main Discussion › Been out for a while is RC flying dying off?
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