Passive Income Pilots

Tait Duryea and Ryan Gibson
  • 4.9 (102)
  • INVESTING
  • UPDATED WEEKLY
Passive Income Pilots

Welcome to the Passive Income Pilots Podcast – the show designed to help pilots climb to new levels of financial success. Join Tait Duryea & Ryan Gibson, both airline pilots, business owners and investors, as they interview top experts and share practical knowledge on real estate, tax strategy, passive income and generational wealth. This one-of-a-kind show created specifically for professional pilots offers applicable strategies and tactics for improving your financial life.  Whether you're a seasoned pilot or just starting out, we'll equip you with the expertise and confidence you need to upgrade your money and achieve true financial independence.

  1. 7 HR. AGO

    #93 - Stock Market Insights and Tax Strategies for High-Income Earners with Brian Feroldi

    In this episode, Tait Duryea and Ryan Gibson welcome Brian Feroldi, author of Why Does the Stock Market Go Up? to unpack the fundamentals of the stock market and explain strategies tailored for pilots and high-income professionals. Brian demystifies the difference between Roth and traditional 401(k) contributions, shares insights into dividend investing, and explains how to identify great companies for long-term growth. He also offers advice on working with financial advisors and highlights why most investors are better off with index funds. Whether you’re new to investing or looking to refine your strategy, this episode is packed with actionable insights. Brian Feroldi is a stock market expert, author, and financial educator who has been investing since he was 19. Known for his straightforward approach to financial literacy, Brian wrote Why Does the Stock Market Go Up? Everything You Should Have Been Taught About Investing in School, But Weren’t, a guide for beginners looking to understand the stock market and build wealth. With a passion for analyzing businesses and empowering individuals to make smarter financial decisions, Brian helps professionals navigate everything from 401(k)s to stock picking, while debunking myths about investing. Show notes: (0:00) Intro (01:20) Q & A: Roth vs. traditional 401(k) tax strategies for pilots (10:24) Brian’s journey from gambling to investing in stocks (16:55) How the stock market works: An investor's perspective (24:55) What an overvalued stock market means (29:40) Brian’s stock analysis checklist: What to look for in a business (36:13) Tax-loss harvesting explained (40:30) Should you hire an advisor for your 401(k)? (45:50) Diversification beyond stocks: Brian’s personal portfolio philosophy (49:06) Volatility vs risk (52:10) Key takeaways from Brian’s book Why Does the Stock Market Go Up? (54:42) Outro Connect with Brian Feroldi: Book: Why Does the Stock Market Go Up? - https://amzn.to/40w3lfJ Youtube: https://www.youtube.com/c/BrianFeroldiYTX: https://x.com/BrianFeroldi Instagram: https://www.instagram.com/brianferoldi Facebook: https://www.facebook.com/brian.feroldi — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/  Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com  See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

    55 min

  2. JAN 7

    #92 - Opportunity Zones for Passive Income: Unlock Tax Savings and Growth with Nathan Sosa

    Dive into the intricacies of Opportunity Zones with this episode of Passive Income Pilots. Hosts Tait Duryea and Ryan Gibson are joined by CPA Nathan Sosa of Hall CPA, who demystifies Opportunity Zone (OZ) investments and their potential for tax deferral and appreciation. Whether you're an active investor or prefer passive opportunities, learn how OZs can defer taxes on gains from stocks, businesses, or real estate, and how they compare to other tax strategies like 1031 exchanges. Nathan explains the steps, requirements, and benefits, all while offering actionable insights tailored to high-income earners, especially pilots. Nathan Sosa is a Certified Public Accountant (CPA) with Hall CPA, a firm specializing in real estate tax strategy. As a seasoned tax strategist, Nathan works closely with high-income professionals and investors to navigate complex tax codes and optimize financial outcomes. With expertise in Opportunity Zones, real estate syndications, and tax planning, Nathan empowers clients with proactive strategies to minimize tax liabilities and build wealth. Show notes: (0:00) Intro (3:45) Why OZs matter for tax deferral (5:35) Hands-off investing in Opportunity Zones (7:16) What qualifies as a capital gain? (9:49) The difference between OZ boundaries and OZ funds (16:25) IRS requirements for OZ investments (27:30) Doubling basis and the 10-year hold explained (31:04) Depreciation recapture benefits in OZs (49:45) Connecting with Hall CPA (51:00) Outro Related Episode: #75 - Unlocking Real Estate Professional Status (REPS) with Brandon Hall Connect with Nathan Sosa: Book a Discovery Call with Nathan Sosa: https://bit.ly/HallCPA  — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/  Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com  See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

    51 min

  3. 12/31/2024

    #91 - Interest Rates, Submarkets, and CRE's Future with Spencer Levy

    Spencer Levy, a leading expert from CBRE, joins Tait Duryea and Ryan Gibson to break down the current state of commercial real estate (CRE). He explains how rapid interest rate changes are reshaping the market, highlights key megatrends like reshoring and live-work-play neighborhoods, and offers advice on navigating submarkets. Whether you’re a seasoned investor or just getting started, Spencer shares valuable strategies to help pilots and high-income professionals make smarter CRE investments. Learn to identify undervalued opportunities and position yourself for success in a shifting landscape. Spencer Levy is the Senior Economic Advisor and Global Client Strategist at CBRE, where he helps the world’s largest investors and occupiers navigate commercial real estate trends. Known for his dynamic speaking style and expert analysis, Spencer advises on investment strategies and market forecasts, delivering over 120 presentations annually. As the host of The Weekly Take podcast, he offers in-depth insights on everything from macroeconomic trends to niche submarkets, making him a leading voice in the CRE industry. Show notes: (0:00) Intro (4:46) Spencer shares his CBRE role and focus (7:09) Key macro trends in commercial real estate (11:22) Interest rates' impact on CRE markets (16:25) The case for a potential office market rebound (31:31) Identifying submarkets for investment success (43:39) Reshoring manufacturing and its CRE implications (46:01) Advice and resources for new CRE investors (48:11) Spencer’s optimism for CRE recovery and trends (48:40) Outro Connect with Spencer Levy: Website: https://www.cbre.com/people/spencer-levy LinkedIn: https://www.linkedin.com/public-profile/in/spencerglevy X: https://twitter.com/SpencerGLevy Podcast: https://www.cbre.com/insights/the-weekly-take   — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/  Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com  See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

    49 min

  4. 12/24/2024

    #90 - Balancing Flying, Business Ownership, and Financial Growth with Carl Valeri

    In this action-packed episode of Passive Income Pilots, Tait Duryea and Ryan Gibson sit down with Carl Valeri, an airline captain and experienced entrepreneur, to share actionable strategies to balance a flying career with building a passive income. Carl dives into creative ways to start or buy a business, reduce your tax burden, and even transition to aviation from another career. You’ll hear inspiring stories of people who’ve turned hobbies into thriving businesses and learn how you can design your lifestyle for financial freedom.  Carl Valeri is a captain with a major airline, a serial entrepreneur, and the Aviation Careers Podcast and Stuck Mic AvCast host. With a background in computer science and extensive experience running businesses, Carl specializes in helping individuals transition careers and build passive income streams. From lawn care to vending machines and aviation podcasts, Carl’s entrepreneurial ventures reflect his passion for learning and innovation. His coaching programs have empowered countless professionals to achieve their career and financial goals. Show notes: (0:00) Intro (1:51) Carl’s story: airline captain and entrepreneur (3:58) Early lessons from Carl’s first business (8:05) What passive income means (12:16) How to structure a pilot’s career for free time (15:57) Tax benefits you can unlock with a business (22:16) How to scale a successful business (25:20) Why buying an established business might work for you (34:15) Inspiring stories of career transitions (49:28) How to connect with Carl (47:00) Outro Connect with Carl Valeri: Website: https://www.aviationcareerspodcast.com Instagram: https://www.instagram.com/aviationcareerspodcast Youtube: https://www.youtube.com/user/ExpertAviator Facebook: https://www.facebook.com/AviationCareersPodcast Podcast: https://stuckmicavcast.com  — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/  Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com  See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

    49 min

  5. 12/17/2024

    #89 - Air Traffic, Pilot Pay, and Airline Economics with A4A's Chief Economist John Heimlich

    In this episode, Tait Duryea and Ryan Gibson sit down with John Heimlich, Chief Economist for Airlines for America (A4A), to unpack the challenges and wins shaping the airline industry. From air traffic control staffing shortages to the impact of pilot pay increases and aircraft delivery delays, John shares key insights into the state of U.S. airlines. He also discusses A4A's advocacy work and what the future holds for pilots and the broader aviation ecosystem.  John Heimlich is the Vice President and Chief Economist for Airlines for America (A4A), the leading trade group for U.S. airlines. With over 20 years of experience in airline economics and energy policy, John has been instrumental in shaping strategies that support airline profitability, sustainability, and growth. Before joining A4A, he held financial planning roles at United Airlines. Show notes: (0:00) Intro (2:46) Who is John Heimlich and what does A4A do? (5:52) Big wins for the U.S. airline industry in 2024 (8:15) Air traffic control staffing challenges and solutions (12:38) Airspace capacity issues and delivery delays (18:03) Pilot pay increases and airline financial health (20:30) Revenue growth and sustainability of pilot contracts (24:20) Industry profitability: Historical context and current outlook (29:16) Political changes and their impact on airlines (38:26) John’s advice for pilots and the future of aviation (38:26) How to access A4A’s economic reports (39:00) Outro Connect with John Heimlich: Linkedin: https://www.linkedin.com/in/econdog Website: https://www.airlines.org Youtube: https://www.youtube.com/user/AirlinesforAmerica  — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/  Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com  See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

    41 min

  6. 12/10/2024

    #88 - Flight Schools and Passive Income: Insights from Gordon Alvord

    In this episode of Passive Income Pilots, hosts Tait Duryea and Ryan Gibson talk with Gordon Alvord, Alaska Airlines captain and co-founder of Rainier Flight Service. Gordon shares how a 2008 furlough led to creating Washington State’s largest flight school, with over 70 aircraft and a reputation for innovation. Discover how he and his partner used business acumen, strategic investments, and bonus depreciation to build a scalable operation. Whether you're a pilot seeking side hustles or curious about aviation businesses, this episode is packed with actionable insights. Gordon Alvord is an Alaska Airlines captain and co-founder of Rainier Flight Service, and a leader in aviation business and innovation. With a BS in Aeronautics from the University of North Dakota and over 18 years as an airline pilot, Gordon combines his flying expertise with a commitment to exceptional service, safety, and professionalism. Rainier’s success reflects its client-focused culture and dedication to advancing the aviation industry. Show notes: (0:00) Intro (3:42) Starting Rainier Flight Service (8:44) Flight school financial breakdown (17:21) Bonus depreciation for tax savings (20:10) Balancing airline career and business (21:25) Expanding to new locations (23:50) Aircraft leaseback programs explained (37:48) Flight instructor opportunities (39:15) Airline interview prep (42:07) Cost of becoming a pilot (45:40) Outro Connect with Gordon Alvord: Linkedin: https://www.linkedin.com/in/gordonalvord Website: https://www.rainierflightservice.com/ Facebook: https://www.facebook.com/rainierflight X: https://twitter.com/rainierflight Youtube: https://www.youtube.com/user/RainierFlight  — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/  Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com  See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

    47 min

  7. 12/03/2024

    #87 - The Mega Backdoor Roth and How Pilots Can Maximize Retirement Contributions with Timothy Pope

    In this episode of Passive Income Pilots, Tait Duryea and Ryan Gibson welcome back financial expert Timothy Pope to unravel the complexities of retirement strategies for high-income professionals, focusing on the Mega Backdoor Roth. Timothy explains how this powerful tool allows pilots to contribute significantly more to their 401(k) accounts, unlocking tax-free growth opportunities. You will gain clarity on Roth vs. Traditional contributions, tax implications, and the strategic use of post-tax dollars. Whether you're a super-saver or exploring alternative investments, this episode is packed with actionable insights to help you take control of your financial future. Timothy Pope is a financial advisor specializing in retirement strategies and financial planning for pilots and high-income professionals. With extensive expertise in tax-advantaged investing and wealth management, Timothy brings clarity to complex financial topics like the Mega Backdoor Roth. He is the host of the Pilot Money Podcast and helps aviators navigate tailored financial solutions to achieve their investment goals and maximize their life's potential. Show notes: (0:00) Intro (5:29) What is the Mega Backdoor Roth? (8:53) Key tax strategies for high-income pilots (15:30) Airline 401(k) plans and post-tax contributions (18:51) Dissecting the Mega Backdoor Roth (24:15) Super-savers and retirement planning strategies (27:24) Retirement roadmap options for pilots (33:16) Maximizing the Mega Backdoor Roth (38:27) Pre-tax vs. Roth contributions (42:20) Threshold for a higher tax bracket (49:46) Outro Connect with Timothy Pope: Linkedin: https://www.linkedin.com/in/timothyp-pope/ Website: http://www.tpope.ceterainvestors.com/ Pilot Money Podcast: https://podcasts.apple.com/us/podcast/pilot-money-podcast/id1718915375  — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/  Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com  See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

    51 min

  8. 11/26/2024

    #86 - Mapping the Skies: The Tech Behind Real-Time Flight Tracking with Ian Petchenik

    Welcome back to another episode of Passive Income Pilots! In this episode, Tait Duryea and Ryan Gibson step outside financial strategies to explore the world of real-time flight tracking with Ian Petchenik, Director of Communications at FlightRadar24. Ian shares insights into the app that has become essential for aviation enthusiasts and professionals alike, with its vast network of over 41,000 ADS-B receivers tracking more than 200,000 flights daily. Whether a pilot or an aviation enthusiast, this episode takes you behind the scenes of one of the most fascinating innovations in modern air travel. Ian Petchenik serves as the Director of Communications at FlightRadar24, where he has been instrumental in the company’s growth for over nine years. A leading voice in aviation technology, Ian is passionate about bringing complex flight-tracking data to life for professionals, enthusiasts, and everyday users. His expertise spans communications, aviation technology, and leveraging ADS-B data to enhance air traffic efficiency and safety. Show notes: (0:00) Intro (2:35) How FlightRadar24 works and its features (5:13) The accidental origins of FlightRadar24 (7:31) Practical uses for ADS-B technology (12:43) Where is data transmitted to (14:06) ADS-B out, ADS-B in, and ADS-C (16:38) Their biggest customer (18:22) Making air travel safer and more efficient (21:16) FlightRadar24's 41,000 global receivers (32:20) How to connect with Ian (33:25) Outro Connect with Ian Petchenik: Linkedin: https://www.linkedin.com/in/ianpetchenikWebsite: https://www.flightradar24.com/blog/author/ian/ Podcast: https://www.flightradar24.com/blog/avtalk-295/  — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry. Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/  Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/ Follow us on X @IncomePilots: https://twitter.com/IncomePilots Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/ Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com  See you on the next one! *Legal Disclaimer* The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

    34 min
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About

Welcome to the Passive Income Pilots Podcast – the show designed to help pilots climb to new levels of financial success. Join Tait Duryea & Ryan Gibson, both airline pilots, business owners and investors, as they interview top experts and share practical knowledge on real estate, tax strategy, passive income and generational wealth. This one-of-a-kind show created specifically for professional pilots offers applicable strategies and tactics for improving your financial life.  Whether you're a seasoned pilot or just starting out, we'll equip you with the expertise and confidence you need to upgrade your money and achieve true financial independence.

Information

  • Creator
    Tait Duryea and Ryan Gibson
  • Years Active
    2023 - 2025
  • Episodes
    93
  • Rating
    Clean
  • Copyright
    © 2024 Passive Income Pilots
  • Show Website
    Passive Income Pilots

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