REFLECTOR: sabbatical

Mon Feb 19 10:09:29 CST 2007

As long as you are doing it for recreation and/or education, it's no 
problem.

----- Original Message ----- 
From: "Tom Martino" <tmartino at troubleshooter.com>
To: "Velocity Aircraft Owners and Builders list" <reflector at tvbf.org>
Sent: Monday, February 19, 2007 9:29 AM
Subject: Re: REFLECTOR: sabbatical

> You can build them for yourself and then sell them -- I know of no law
> against that.
>
>
>
> -----Original Message-----
> From: reflector-bounces at tvbf.org [mailto:reflector-bounces at tvbf.org] On
> Behalf Of Douglas Holub
> Sent: Monday, February 19, 2007 7:48 AM
> To: Velocity Aircraft Owners and Builders list
> Subject: Re: REFLECTOR: sabbatical
>
> Grigore,
>
> It's against the law to build Velocities for a living. The FARs allow
> individuals to build their own airplanes for "recreational and
> educational"
> purposes only.
>
> And I could be wrong, but I don't think I'm going to feel like building
> another one after I'm finished with this one.
>
> Doug Holub
> ----- Original Message ----- 
> From: "Grigore Rosu" <grosu at cs.uiuc.edu>
> To: "Velocity Aircraft Owners and Builders list" <reflector at tvbf.org>
> Sent: Monday, February 19, 2007 5:58 AM
> Subject: Re: REFLECTOR: sabbatical
>
>
> Doug,
>
> If you managed to convince your wife that a finished certified Velocity
> is
> worth $50k more than the collection of parts and since you like building
> so
> much, then why not changing your self-employment area into a Velocity
> builder forever.  It is said that starting with the second or third
> Velocity
> built, one can significantly reduce the time it takes to build.  People
> at
> the Velocity Center said (when I was their in the head start program)
> that
> they can now probably finish one airplane in 6 months.  So here is the
> business plan :-)
>
> 1) buy 2 kits from Velocity a year
> 2) finish them
> 3) sell them for a total profit of $100k
> 4) go to 1
>
> I'm actually only semi-kidding.  My father is about to retire in Romania
> and
> he is already getting bored to death, he needs to do something.  I'm
> thinking of bringing him to the US and give him airplanes to build.  I
> think
> that fastbuilt Velocity kits are the fastest to complete on the market.
> Anybody has already thought of this?  Is it worth doing?
>
> Grigore
>
> ________________________________
>
> From: reflector-bounces at tvbf.org on behalf of Douglas Holub
> Sent: Sat 2/17/2007 14:36
> To: Velocity Aircraft Owners and Builders list
> Subject: Re: REFLECTOR: sabbatical
>
>
> Irving, Texas
>
> ----- Original Message ----- 
> From: Terry Miles <mailto:terrence_miles at hotmail.com>
> To: 'Velocity Aircraft Owners and Builders list'
> <mailto:reflector at tvbf.org>
> Sent: Saturday, February 17, 2007 1:29 PM
> Subject: Re: REFLECTOR: sabbatical
>
>
> Well said.  Where are you located, Doug?
>
> Terry
>
>
>
>
> ________________________________
>
>
> From: reflector-bounces at tvbf.org [mailto:reflector-bounces at tvbf.org] On
> Behalf Of Douglas Holub
> Sent: Saturday, February 17, 2007 12:41 PM
> To: reflector at tvbf.org
> Cc: susie.holub at tx.rr.com; Leigh Klettke
> Subject: REFLECTOR: sabbatical
>
>
>
> I bought my third-hand, 50% completed Velocity kit 7 years ago. I became
>
> self-employed 6 years ago, partly so that I could have more time to work
> on
> the airplane. It turns out that I had been getting more done while
> working
> an 8 to 5 job than I was getting done while being self-employed. Years
> went
> by with nothing getting done. Then we had that Velocity symposium in
> Sherman
> last year and that got me motivated again. I've been working at least a
> half
> day on the airplane every week since last March.
>
>
>
> And now it occurs to me that I am due a sabbatical. I've worked hard as
> a
> self-employed electronics engineer for 6 years, and I'm not getting any
> younger. (I'm 51.) So starting next month, I'm taking a year off from
> work
> to try to finish building this airplane. Wish me luck!
>
>
>
> You know, you can always make more money, but how much do you really
> need?
> It seems like no matter how much money you have, you don't feel very
> secure
> unless you're always making more. But I'm not falling into that trap. I
> want
> to build this airplane, and I'm going to build it. And if my net worth
> when
> I die is $50,000 less because I took a year off to build an airplane, so
> be
> it. Who cares? Not me.
>
>
>
> How does my wife feel about this? (We have 3 kids: two in college and
> one a
> junior in high school.) She is actually very supportive. She enjoyed
> traveling around the country when we owned a Tri-Pacer 15 years ago, and
> is
> looking forward to being able to do that faster and in more comfort. And
>
> I've convinced her that the Velocity will be worth about $50,000 more
> when
> it is certified than it is as a collection of parts. So that, even
> though
> there is no cash flow benefit, I will still be doing productive,
> profitable
> work this year. Plus we have some residual income from the work I've
> been
> doing so that we shouldn't need to dip into our savings too much as long
> as
> we keep our expenditures down.
>
>
>
> Carpe diem!
>
>
>
> Doug Holub
>
>
> ________________________________
>
>
>
>
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>
>
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