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  #11  
Old 12-29-2014, 01:04 PM
bkthomps bkthomps is offline
 
Join Date: Jan 2010
Location: Destin
Posts: 1,543
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Quote:
Originally Posted by wirejock View Post
Pray you have a wife that will support the decision.
that's debatable, for some, it's cheaper to have no wife, as evident by some of the divorce-induced kit sales we've observed here
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  #12  
Old 12-29-2014, 01:25 PM
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DaleB DaleB is offline
 
Join Date: Sep 2012
Location: Omaha, NE (KMLE)
Posts: 2,247
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I have a modest little sideline business that grew out of another hobby. It has - so far - paid for the plane expenses, including tools. It's also paid for the few vacations we've taken in the past few years, so it's not like I treat that as "MY" money and the rest is "OUR" money. We don't go out a lot, don't live extravagantly, but I also don't insist that we scrape by like paupers so I can build an airplane. Got to keep your spouse happy, and support her (or him) if you expect her/him to support you.
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Dale

Omaha, NE
RV-12 # 222 N980KM "Screamin' Canary" (bought flying)
Fisher Celebrity (under construction)
Previous RV-7 project (sold)
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  #13  
Old 12-29-2014, 03:04 PM
Echo Tango Echo Tango is offline
 
Join Date: Nov 2009
Location: SFO Approach
Posts: 204
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i put all of my overtime and holiday pay into a separate account

so far, it hasn't been enough
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  #14  
Old 12-29-2014, 03:21 PM
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ChiefPilot ChiefPilot is offline
 
Join Date: Jan 2005
Location: Twin Cities, MN
Posts: 1,565
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I wrote a Palm Pilot (remember those?!?) application called "Airport Insight" that was a replacement for the green AFD books. I sold yearly subscriptions for the data and earned enough off it over the course of a few years to pay for the whole plane and then some.
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RV-6A N164BL, Flying since Nov 2012!
If you're not making mistakes, you're probably not making anything
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  #15  
Old 12-29-2014, 05:26 PM
Steve Steve is offline
 
Join Date: Jan 2005
Location: Roy, Utah
Posts: 1,144
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No cell phone (back then)
No car loan
Low mortgage
Overtime at work
Build at home if possible.
Shop for new/unused parts.
Buy used quality aircraft tools. Bucking bars don't wear out.
Share tools with another builder.
Have a yard sale.
Watch for divorce sales, lost medical sales (we'll all be there), out of time/ money sales for needed items at reduced prices.

Be patient - the second mouse gets the cheese.
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Five Sierra Fox
RV-9A
Utah
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  #16  
Old 12-29-2014, 06:01 PM
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airguy airguy is offline
 
Join Date: Oct 2006
Location: Garden City, Tx
Posts: 5,145
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Quote:
Originally Posted by bkthomps View Post
that's debatable, for some, it's cheaper to have no wife, as evident by some of the divorce-induced kit sales we've observed here
Truth...

My project was started with a wife who disapproved of the whole thing, but tolerated it begrudgingly. She was gone a year later and I kept building, and got a LOT done before meeting the girl that would become my current wife. She's a much better sport about the project (not that I let that sway the decision) and flies with me frequently in the 172, and refers to my project as my "Aluminum Mistress". She even named it "Esmerelda" because, in her words, "It sounds kinda slutty and you spend all your time with her."

But in all seriousness - sit down with a piece of paper and figure out how much you expect the project to cost. Now add 20% for inflation over the life of the project. Now start developing a 5-year plan to put together the money to get there, and adjust the plan as needed to match your finances, or finances to meet the plan. The results might not meet your expectations but at least you'll have a good yardstick to gauge your progress and keep your goal in sight.

And ditto what the others said about second-hand kit sales and tools - I bought surplus tools over an 18-month period before ordering the tailkit and had everything I would need before I bent the first metal. Make use of the Want-Ads here on VAF, they will serve you well.
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Greg Niehues - SEL, IFR, Repairman Cert.
Garden City, TX VAF 2020 dues paid
N16GN flying 700 hrs and counting; IO360, SDS, WWRV200, Dynon HDX, 430W
Built an off-plan RV9A with too much fuel and too much HP. Should drop dead any minute now.

Last edited by airguy : 12-29-2014 at 06:04 PM.
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  #17  
Old 12-29-2014, 06:14 PM
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rzbill rzbill is offline
 
Join Date: Nov 2005
Location: Asheville, NC
Posts: 2,692
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Replace money with labor.

Slow build.
Don't buy latest electronic whiz bangs.
Build panel yourself.
Do panel first since it can be done in small $ chunks while figuring out how to deal with motor expense.
Carb
Fixed pitch
No paint.
Used motor.

I know that does not really answer your exact question. I sold some stuff on flea bay but it was miniscule so not that helpful to your inquiry.
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Bill Pendergrass
ME/AE '82
RV-7A: Flying since April 15, 2012. 850 hrs
YIO-360-M1B, mags, CS, GRT EX and WS H1s & A/P, Navworx
Unpainted, polished....kinda'... Eyeballin' vinyl really hard.
Yeah. The boss got a Silhouette Cameo 4 Xmas 2019.
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  #18  
Old 12-29-2014, 08:32 PM
enielsen enielsen is offline
 
Join Date: Feb 2008
Location: Los Angeles, CA
Posts: 146
Default loan

I heard awhile back that one could get a loan for engine/avionics using the airframe as collateral. That was 10yrs ago so not sure if that is still an option today. I wouldn't do it but throwing it out there anyway.
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RV-x Planning stage
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  #19  
Old 12-30-2014, 04:50 AM
plehrke's Avatar
plehrke plehrke is offline
 
Join Date: Sep 2006
Location: Defiance, MO
Posts: 1,674
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Quote:
Originally Posted by Neal@F14 View Post
No expensive new iPhone every year or two... I'm on the cheapest out-of-contract plan and a 4 yr old Android that still works.
No cable or satellite TV.
No movies at theaters.
No going out to nightclubs, bars, etc.
Drastically reduced eating meals at restaurants, maybe once a month.
Take my lunch to work, no fast food lunches.
Drive old, paid-for vehicles and do all maint/repairs on them myself.
No fancy clothes, shoes, wristwatches, etc.
Just trying to live as frugal as I can stand it without being a total miser.
I did it during my build and still do it. Priorities. Flying the best flying sport airplane available at any price and that I built myself is way better then a new cell phone or paying for the latest Hollywood propaganda. YMMV

Quote:
Originally Posted by rzbill View Post
Replace money with labor.

Slow build.
Don't buy latest electronic whiz bangs.
Build panel yourself.
Do panel first since it can be done in small $ chunks while figuring out how to deal with motor expense.
Carb
Fixed pitch
No paint.
Used motor.
Totally agree with replacing money with my time.
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Philip
RV-6A - 14+ years, 950+ hours
Based at 1H0 (Creve Coeur)
Paid dues yearly since 2007
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  #20  
Old 12-30-2014, 06:14 AM
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Raymo Raymo is offline
 
Join Date: Nov 2014
Location: Richmond Hill, GA (KLHW)
Posts: 2,189
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When I decided I wanted to build a -7, a friend in -8 builder said "just wait for a good deal to show up on a project that someone has stalled on and wants rid of it.

Received a tip on the Piper forum (I own a Cherokee 140) that a -7 was up for sale in Virginia. The builder spent 8 years getting to about 70% complete before donating it to a charity after a 2 yr hiatus.

I snapped it up and recently finished SB 14-02-05 as my first task on the project.

My guess is that the builder (whose work is top notch, I might add) will get a nice break on his taxes to compensate his hard work. The charity is happy they have cash for their cause.

Now selling half my Cherokee to fun the -7 purchase (borrowed for now) and hope to finish it in the next 12 to 18 months. I will then sell the remainder of the Cherokee, which I will enjoy flying while the -7 is completed.

I'm also selling my RC helicopter and my 2011 Iron 883 to help fund the engine and panel. Trading up on toys, you might say...

I *never* seem to get great deals on anything but, in this case, I feel I struck gold
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Ray
RV-7A - Slider - N495KL - First flt 27 Jan 17
O-360-A4M w/ AFP FM-150 FI, Dual PMags, Vetterman Trombone Exh, SkyTech starter, BandC Alt (PP failed after 226 hrs)
Catto 3 blade NLE, FlightLines Interior, James cowl, plenum & intake, Anti-Splat -14 seat mod and nose gear support
All lines by TSFlightLines (aka Hoser)

Last edited by Raymo : 12-30-2014 at 07:50 AM.
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