CPL/IR and ATPL as my Postgraduate Studies

There are a few who asked me why am I embarking on my flight training and aren’t I too old for it.

Well, to me, it makes a lot of sense. For one, I love everything about flying and the aviation industry. Secondly, there’s no such thing as being too old to achieve your dreams. Plus, I’m only 23 right now.

There were also those few who asked me, what’s the use of my accounting degree then?

My explanation is usually this. Not only do I want to fly, I would also like to be involved in the management side of things. Not only that, I plan to have my own business one day. At least, I have some background in business and not just the technical side of things.

Also, to put that into perspective, you’d see others doing Masters and PhDs as part of their postgraduate studies. Well, I see CPL/IR + ATPL as my Masters studies. For others who asked whether I’ll be doing any postgraduate studies after my bachelor’s degree, indeed I am.

For those who do not know:

CPL = Commercial Pilot’s License

IR = Instrument Rating

ATPL = Airline Transport Pilot’s License

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Who reads my blog?

Sometimes, I wonder how many people actually pay attention to my blog and who are these people.

It also scares me to death that there are a lot of professionals and intellectual people out there who may have stumbled upon this blog πŸ˜›

Entah apa dia orang fikir agaknya.

Apparently, after my blog came out in The Malay Mail (link), my dad also reads my blog now. Adoi.. sekarang kena banyak censorship la πŸ˜€

Pa, if you are reading this, may I redirect you to this entry here. << tekan sini πŸ˜‰

One thing for sure is that I try my best to voice out my ideas and thoughts. Kalau korang tak suka, peduli apa. Bukannya korang kenal aku pun πŸ˜‰

Anyway, just out of curiosity, do write in the comments section about who you are and where you come from.

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Would you consider education/study loan as a bad debt?

What are bad debts? Well, refer to a previous entry on what I’d consider as a bad debt. Basically, when you take out a loan to purchase things that has no ability to yield anything towards your wealth-making journey, then that’s a bad debt. That’s my interpretation anyway.

Anyway, think about this situation. How about if you take out a loan to further your studies or skills? Would you consider that as a bad debt?

Now, let’s put a spin to that scenario. How about if you already have other qualifications and you are already working? Would the loan then qualify as a bad debt? For example, you already have a Bachelor’s degree in Finance and you’d like to fund your MBA studies through study loans. What do you guys think?

Reason I’m asking is this. As a lot of you might already know, I want to become a pilot. Unless an airline can take me on, the only way I can become one is by funding the training myself.

If I stay here in Australia, I can work (assuming somebody will actually hire me) and pay my flight training on an ad-hoc basis. If I return to Malaysia however, I need to train on a full-time basis, thus coming to the need of having a huge lump sum to fund the training. The only way to get that huge sum of money is through financing. Now the million-dollar question is, am I willing to include a RM250,000 long-term loan on my balance sheet?

Oh, by the way, ditching the flying bug is definitely not an option that I’ll ever consider.

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