Hi guys,
First time using the forum. Hope this doesnt sound silly but im 20 years of age doing a plumbing apprenticeship and was wondering if being a plumber in the future will be beneficial with investing in property? Or is there another job which is better?
Thanks
Danny
Hi Danny
Do you now how much you guys charge when you want a plumber out at midnight to deal with a dripping tap lol
Having a Trade qualification is always useful (not that i have any ability in that field myself) as you can often do work yourself and save dollars.
Why not become fully licensed and at the same time read, research and ask questions so that you can improve your investing knowledge at the same time.
No one says because you are a plumber or a bricklayer or an electrician you cant buy property.
Good luck on your journey.
Richard Taylor | Australia's leading private lender
Ok no worries. Thanks for that.
YEs, it will. You will be earning a shit load of money which doesn't hurt, and you can always get to know builders and other tradespersons and go and build a few houses cheap.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
As Terry mentioned above, the networking you will be exposed to should benefit your journey and also you may be privy to deals before they actually go to market, by establishing rapport with your customers and the other tradies you liaise with.
Finish your apprenticeship and spend less than you earn. Invest the difference and at age 20, my recommendation to you is buy as much as you can by age 30…….then kick back and watch all your discipline and investing compound and grow while you sleep.
Plumbing & investing are like cheese and a good bottle of red. Not essential but it will help along the way (with maintenance).
As a tradesman, you often spend time on sites at various stages of completion. This gives you a basic understanding of how a building goes together and the process of works. In addition, you often work while other trades work, and see what they do. As a sparky I’ve used many materials & many tools over the years, and I was confident I could learn how to do any job that I would be faced with in a reno or property maintenance.
Gday Mate,
I think being a plumber is an excellent career choice, i would suggest doing what you enjoy and what makes you happy. The reality is that if you are going to be rich it wont be from a wage or a salary, it will have to come from how you create money through businesses and investments. Don't just limit yourself to property there's heaps of options out there, shares for instance have lower transaction costs, you can buy and sell in quantities you chose and you can buy sell instantly…might be a good starting point.
Read as much as you can, the Robert Kiyosaki books are a great start if you haven't learnt much about managing your money…you can grab them cheap off ebay. Learn as much as you can, read, dable in the share market, keep your eyes on the guys who have finished their apprenticeships and have gone out on their own, keep their details for when you consider going out on your own, ask if they need help on the weekends learn how they get new business in the door.
Start small and early – I was the only 16 year old kid in school with money in a managed fund and the only kid in my uni course that bought shares…all off a McDonald's wage.
Remember its not how much you earn, its how much you keep.
Cheers,
AndrewDo you now how much you guys "charge" when you want a plumber out at midnight to deal with a dripping tap lol
you mean ripoff !!!!!cut_the_chase, how much would you charge for:
1. having your family woken up at midnight
2. having to spend 1/2 hour on the phone, getting dressed, looking up address
3. driving 1/2 hour to location
4. doing 5 min job (customer avoids waiting a week for service like everyone else)
5. 10 mins doing invoice & getting payment
6. driving 1/2 hour home
7. waking up family again
8. showering, eating
9. being tired for work next dayhmmmm????
total of 2 1/4 hrs actual labour. and you call this "5 min job" a "ripoff" ?
people like you deserve to have your house flood until a week later after you have booked in a plumber at normal rates.
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