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Manage money as a mechanicHey everyone. I am trying to wrap my head around the fact that Christmas is next week. This year just FLEW by. I guess it is time to start putting together my 2014 wrap up show. 🙂

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.

Podcast

Managing money as a mechanic is really no different than any other profession managing money. Yet I have seen so many people in the industry get in a bad way because of how they manage money and time. By time I mean flat rate hours they make. Today we are talking about some ways to better manage that money including STAYING OFF THE TOOL TRUCK! Well maybe not completely, but being smart about the tool truck. .

I really think this episode should be a must watch/listen for every new technician on day one! Humble Mechanic automotive Podcast Become A CrewMember
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Join me as we discuss vehicle warranties:

  • 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?
  • Understand your busy times
  • Understand your slow times
  • and more

Thanks for tuning in to the automotive podcast. I am really excited about the response. If you have an idea for a show, contact me via email, or use the contact me form!

Don’t forget to follow me at:

Humble Mechanic automotive Podcast