How many years to earn $2M USD cash cleared at Emirates?

[itsgrosswhatinet]

$2M USD is what I need to walk away with. I hold various widebody type ratings. Cost of living can come out of pocket while there and I would be non-resident of Canada for tax purposes. Any ideas on how many years I would need to put in to receive that amount?

[Tbayer2021]

$2M USD is what I need to walk away with. I hold various widebody type ratings. Cost of living can come out of pocket while there and I would be non-resident of Canada for tax purposes. Any ideas on how many years I would need to put in to receive that amount?

If you bank the vast majority of it and I mean you become a slam clicker and don't get suckered into the sandbox lifestyles, or shack up with one of their eastern European FAs. Probably between 5 and 10 depending on market conditions. Assuming you put away 200K yearly and the S&P500 as a benchmark, it puts you right around 7 years. Historic S&P returns since the 1950's is a little over 10% and a little over 6% adjusted for inflation. Of course, there were years and decades of very poor performance and even negative returns. So your goal also has a not insignificant degree of timing.

[itsgrosswhatinet]

Thank you for your detailed response! That's excellent.

[Canadaflyer46]

Their recruitment ad this week on social media says it’s $10,900US a month. So I’m not sure how someone thinks you can bank 200k a year, good luck. Also, they work you 22 days a month so I hope you’re going there solo, or you’ll be solo before long.

[702pipeliner]

Their recruitment ad this week on social media says it’s $10,900US a month. So I’m not sure how someone thinks you can bank 200k a year, good luck. Also, they work you 22 days a month so I hope you’re going there solo, or you’ll be solo before long.

Base salary is 10900... you still get paid hourly and bonuses.

[Tbayer2021]

I'm also assuming either DEC or a very short upgrade given his multiple wide body ratings. I'm assuming he has the experience for left seat. Although I could be wrong about that. Anecdotally, 300K USD a year in the sandbox isn't outrageous.

[Jean-Pierre]

Anecdotally, 300K USD a year in the sandbox isn't outrageous.

Or other middle-eastern carrier, East Asia, America, Europe. Pretty much everywhere except you know where.

[DanWEC]

Don't forget free of living expenses, either company provided housing or a generous mortgage allowance to buy. Either way you have a driver for reporting as well. So you could get along without a car if you want to pinch pennies.

Chasing the ASAP upgrade just to pay the bills isn't necessary. That's a bullshit Canadian sellout thing. So it's not like command is making bags more than FO's. I believe about 16k USD compared to 10-12k for FO.
So by buying a property, renting it out when you leave and selling it when paid off, that's another huge chunk of equity that could be worth an extra million.