Today we are talking about ways to manage your money as a technician. Working on flat rate can have big ups and even bigger downs. The way that we manage and budget our money is vital. There are so many things that impact the volume of cars coming in the shop. Heck anything from weather to gas prices can cause bad weeks. That doesn’t even take into account getting your butt kicked by a car.
This type of information is very much lacking in automotive training. We are told that it is important, but no one goes into detail about HOW to manage it. I have seen a lot of guys get stuck financially, and I don’t want that to happen to you. BTW I am NOT NOT NOT a financial adviser. This is just some of the things that I do. This is also not a flat rate show. You can see that at “Getting Paid on Flat Rate”.
Today on the automotive podcast we talk about:
- You have to MAKE the money first
- Buy tools smart
- Don’t get in debt with the tool man
- Buy used
- Live below your income
- Auto draft into your savings
- Avoid other debt too
- Do you need a new car? (No unless its a 2015 Golf Sportwagon 😉 )
- Understand your busy times
- Understand your slow times
- Podcast on What To Do When The Shop Is Slow
- and more
If you are having trouble viewing this video, watch it at Managing Money as a Mechanic, Podcast Episode 26 on YouTube.
Do you have any questions or comments on the show? Please post them in the comments below. Also, if you have an idea for a show topic, post that in the comments, or use the contact me form.