Dude I wish tech schools focused on money management, and budgeting. Ive told this story so many times. When I got my first job I was making $15 an hour, 40hr guarantee. We budgeted life so that we could always pay everything if I was making $15@40. Even today if things went sideways We would be really close. As we saw with COVID and any other crazy, the auto industry is volatile for techs. You can have 75hr this week and 35 the next. Ive seen so many guys make a lot of money, and still be broke. BE SMART, live below your means.. Stress over money ruins relationships, and your health... Plenty of other stuff to worry about. You can do a lot to control stress over money.
They won't teach money management. There are many superior brains being born every day. If they taught the middle of the pack brains the tricks the world would fold sadly
I taught my sons to live on half their pay as long as possible. Use credit only to help their credit score, not for things they can’t afford. Pay cash when ever possible. Both are doing well, thank goodness they listened. Now to take my own advice. 😬
Even then, earning piss poor money, a box costs what idk 1500 for a decent sized one. Well that's fine and all, but if that equals roughly a whole months pay....while you are doing ALL sorts of work, working your ass off, it's hard to do. I guess my job just said yeah lets get you doing all work that eveyrone else is doing a couple weeks in. Which is fine and all...but i don't have the tools for every single job i need to do. Let alone the room to store them. Constant struggles and getting paid shitty doesnt help. Can't work on cars being broke with no room to store the tools you can't buy. Crappy tools even.
Debt is the biggest downfall. Often enough it’s needed for what ever, unexpected things do come up no matter how well you prepare. Good example I had to buy a clothes washing machine $1000 I didn’t have all good paid it off $30 a week what ever it was I don’t remember. About a month after paying it off I got a call we can give you $20,000 today just sign here. I told them to f**k off but you know that has to be tempting to someone don’t be that someone
A Zero based budget is the secret, if you don't have a plan for your money it will control you. Personally I'm a big Dave Ramsey fan, but let me tell you, surviving covid with no credit card debt, no tool truck payment, and no car payment was much easier than those that still had payments. Pay cash for tools Pay cash for cars If you can't pay cash you can't afford it. Good video FRM!
It is not 'blame tool truck' - nothing to do with where one works one can be living beyond their paycheck. OR one could have a job loss, illness anything - nothing to do with tooltrucks. Putting money in savings - paying your bills ect.
I see little difference in paying $200 for a tool today or putting it on the truck account (no interest) and paying $20 per week for 10 weeks. I pay the same either way.
@@ghostwrench2292 I agree buying off the truck has support. Consistency is the key (higher quality tools deliver consistent results). Nothing worse than a bunch of garbage tools - like my time is worth more than that plus the 'online' junk good luck with warranties (if one added up the HOURS of time) wasted on that it is more than just buying the tool of the truck. The ones who say they will not buy off a tool truck (got the Wharf freight special bucket-o-tools $9.99) and work on everything.
@@epicragegaming2016 Because you don't actually have 10K to spend on a toolbox, so you borrow it. It isn't a hey I am going to save my 10k and invest it and make payments on my box (Which would be a loosing proposition by the time you paid the horrible interest rates. The borrower is slave to the lender. Why owe someone 10K, when you can own your items fee and clear.
Ok guys, i get what you're saying, but what if you're just starting out. In 69 I bought a $49.95 craftsman carry box tool set on SEARS instant credit account. 1/4,3/8,1/2 SAE std sockets 3/8,1/2 ratchets, a few open wrenches, and a screw driver or two. As needed I added tools, paying cash. Box got full and real heavy real fast. Stored it and my overflow in my car trunk. Gets old lugging in that box then going to car to get tools as needed that didn't fit in the box. Security, WASTED TIME, making life easier on yourself sometimes dictates the need for a box whether you can afford it or not. To me, a toolbox is like a car or house. Starting out you don't need a BMW or a 5 bedroom house, but you need something. My real point is, MAKING PAYMENTS IS NOT BAD IF YOU BUDGET FOR THEM. By the way my first tool box was the trunk of my 68 Camaro r/s that I bought new and paid cash for. That's why I had to buy my tools on a Sears credit account !!!!! WHAT THE HELL, YOU'RE ONLY YOUNG ONCE................
I have the same discussion with new HVAC techs. I can't stress enough how important is to budget. We are in Phoenix, Arizona we live like kings in the summer and we starve during the winter . Its amazing how much money you save when you bring your lunch to work, buy drinks at Walmart for the week.
I know techs that go to the gas station three times a day. 2-3 packs of smokes, 2-4 energy drinks, garbage food, fountain drinks. You spend $50 a day at the gas station and wonder why you are broke.
Plus alcohol - money down a toilet literally. Smoking/vaping whatever that mess is who knows what is it. One would be smart to put some food/water emergency supplies back as the country is bankrupt printing money with tens of trillions in DEBT. Eventually it is going to collapse just time.
@@mt1885 It's everywhere. It's just corruption all around and constant crap. No better in Canada. We just have a shit leader whos more corrupt than corruption itself.
@@baileyhatfield4273 I think this country is on its last 'printing press' but yes it coming the 'zeroing' out of the global dollar whatever one wants to call it all by design. Bible clearly states it, one can refuse it (but it does not change the events) coming. Like watching a movie with a bad ending (but living it).
@@baileyhatfield4273 We got open 'flood gates' now like walk across and get paid thousands of dollars. Plus all sorts of NEW taxes coming in and banning of oil/fuel in a few years should be great.
This video is important for the younger techs I fell into the trap of buying tool truck tools and boxes about 5 years ago till this day I'm still trying to pay it off should be done in the next 2 years hopefully. As I got older I stay off the trucks and look For good alternatives
I was way too old when I figured out how to budget. Stack cash when you're young. You sacrifice your youth so you dont have to work till you die. Invest, invest, invest. 5%, 10%, 15% whatever you can possibly manage to have left after you cut out the comforts of life. Take it from someone who started over too many times. Do not live on a net zero mentality. If you made $500 this week, maybe 300 of it is actually yours to live that week. Bringing food vs buying food at the deli cost more time but your money can be making money while you're working. Buy your tools but keep it conservative. I personally have $20k worth of tools in a $500 box vs a $10k box with 16 wrenches and 1 ratchet. Be smart with money. Expensive box keeps you from having better stuff inside.
Dude theres so many people I work with who make good money. Line 95k plus. And they still bitch about being short on money!!! It's insane. I usually gross a little over 100k. Drive older cars, rarely eat out for lunch, and live below my means. I dint wanna get old and not be able to live
my checks working for GM was like ... 350 - 550 TOPS per week... for 4 years .... i was spending over HALF my income on the trucks ( live with family members) NOW I'm ONLY buying tools on. amazon.. Guess what ppl? Sunx MAKES matco AVD sockets. why would i pay 530$ on cornwell 1/4 impact swivels when i can get sunx 1/4 impact swivels /w MAGNETS? ... I will admit i love the snap on electric ratchet BUT i cant afford to buy tools anymore . Sockets, pliers, magnets, pry bars, tool organization, etc... I means im using the same impact gun i bought in 2014... it was not worth 300+ from the tool man. No need to buy over priced marketed tools ... its like cloths designers and ignorant ppl take a polo from sears and slap a "brand" on it and park it up 300%.....
The owner where I work. Has more than once tried to get my coworkers to go to some kind of money management program. That he would pay for. And they always turn him down.
Kind of sad but not surprising. Good money management is mostly about behavior control and not actual math. The numbers aspect is easy, it's the self-control bit that's challenging. And self-control isn't really popular in our culture: use your words wisely, hold on on purchases until you have the money for it (delayed gratification), control your impulses and stay faithful to your wife etc. Not everyone is up for that.
@@ClassicBMWFanInQuebec Not going to lie i was horrible at money management. 1 paycheck away from be homeless. Now my friend and family make fun of me. For being a tight butt.
@@ifitsnotbrokenfixit1193 Oh yeah so was I. At one point I got a significant pay cut and we could barely pay the mortgage. That was the wake up call for my wife and I. We got out of debt and back on track thanks to Dave Ramsey.
@@ClassicBMWFanInQuebec - having to wait for it also makes you appreciate it even more. (at least it does me). I think impulse control happens when you realize the junk you want to buy is not worth the cost.
@@ClassicBMWFanInQuebec some people get it and some don't. No matter how long you try and explain to them. One needs to change there out look on life. Mine was after being off work from an accident outside of work for a few months. I preach to everyone that short term disability insurance should be a must. Because accidents just don't happen at work. I put myself on the Dave Ramsey plan before I ever heard of him.
Big thing is you gotta make enough money To budget. I am an ASE master tech, have worked at dealerships, some hourly some flat rate, and other industries. Yeah in flat rate I was making close to 800 a week. Other then that? You're looking at 400-600 a week. It's easy to burn through that when you're the single earner in a household. How do you get around this? I don't know.
i have two creidt cards , a $500 line and $1000 line, I try and only use the 500 one and save the higher card line and always making payments.. I work as a collision center detailer, houry, 12$ an hr, age 25
This is one of the most important videos you've ever done. Young people and a lot of older are living paycheck to paycheck. If you are financially suffering and you have a nice shinny car or truck, that depreciating vehicle will keep you broke. Get something cheaper, and save money. I also Agee with you on Dave Ramsey, but his system works. I like the "Minority Mindset ". Juspreet has a lot of good ideas and he is not as hardline as Ramsey.
I don't smoke drink (even energy drinks, coffee), i dont have any hobbys and i was just scraping by, LIVING AT MY PARENTS (i'm like 20 chill your shit, can't buy a 200k house at 20) Buying tools, even buying cheapo ones. I can't earn 13 dolalrs (Canadian) an hour which ends up being like 420 bucks a week...it's basically mcdonalds pay. Earning that kind of money you can't live off of, not anytime soon. So yeah, the problem i had, was i wasn't getting enough money. You pile on gas insurance maintenance (not that much, don't say i got someshitbox), tires for the seasons, food on and on. Your number of 1k a week...is nowhere NEAR what people near me can earn. Let alone you're in america. The number i'd need to see your 1k is about 1300 or something. at 420 ish dollars, i'm at a third of what you have as a budget. So me living paycheck to paycheck on a third of what you set as a what you earn, seems pretty damn good to me. My issue is just with nobody here paying shit for their workers. I understand the concept and the premise of your video, tons of techs out here smoking drinking (and energy drinks too) 4 5 coffees a day, getting lunch out every single day. I'm the polar opposite. I still was living paycheck to paycheck till my boss ''let me go'' because of ''covid'' a long while back. We had 0 covid beleive it or not. Anywho, applied to many places, not looking like a junkie, talking like a human, nice resume, nothing. If people want to ruin their life, getting into debt by being dumb and buying multiple thousands of dollars worth of energy drinks per year, coffee cigarettes and drinking on the weekend, let them. I know a guy hes like 43 and all he has to his name is a shitty 9 10 year old shitbox economy car which is worn to hell. That's it. No house no tools he owns nothing. Yes, life isn't all about possesions...but having nothing after 20 plus years in the work force shows you are just in life to piss it all away.
I’m currently working at 2 shops. I pretty much have everything I need at one shop but not at the other. It’s a long term side gig which takes up 25+hrs a week. Main job is 40+hrs. At first I was paycheck to paycheck when starting up at the other shop because of buying more tools and another box ($2500+) but after a couple months of buckling down im finally seeing a return on this gamble. It’s not a weekly check because I’m not paid till the job is finished but it’s definitely rewarding if done correctly.
Most of the bills you talked are just normal bills. Cut the tool payment, get a side hustle or a second job. And rent your basement suite in your house.
my late dad gave me the same advice, thanks for the reminder. my local harbor freight knows me by my first name, my purchases are judiciously scrutinized before I leave the house. sometimes I turn around and stay home, wait patiently for the sales.
Stay away from the tool truck. Tools from NAPA and Carquest are just as good. Buy your groceries at Aldi's not at Whole Foods. Buy a used beater to get back and forth to work. Save the new F150 to get to the lake on the weekends or not. Just some of my experience in life.
I can’t agree with you any more! You so hit the nail on the head with this video. I saw this young tech come to our shop a few years ago and buy off the Snapon truck. In a matter of 2 months he had rack up 20k plus in tool box and tools only making $16 an hour. By his 4 month he was crying that he need a raise. Well with his cockiness and telling the boss he was going to charge him to used his scan tool, well let’s just say he didn’t make it 6 months with us. And his stuff got repossessed back by Snapon.
so I'm 40 and I have never had a credit card, always been scared of them too many people with war stories about them this fall I'm going to tech for a career change (never too late right lol) my wife came up with an idea to get a credit card with about a 300 limit and that's my too allowance get whatever tool is needed with credit card pay off at the end of the month or as much as possible that way no worries about having to pay the tool truck guy every week. and my tools are always growing and I'm building credit as I go. is this a bad idea?
ONE has to have *CREDIT worthiness period* showing you can pay your bills ON TIME - mandatory in this life (not running up DEBT). Seen the same thing, people buying 'cigs/vaping/alcohol/energy drinks/junk food' from the convenient stores ($20 or MORE a day easily).
Exactly. What about when you do none of that, and are still scraping by? Pay is the issue. If you knew what piss poor money i made you'd go dig yourself a hole and pray to never see those numbers again.
I would call it money discipline. I pay my monthly expenses on time (as soon as I get the bills), have no loans, no credit cards, etc., lots of cash in the bank and other accounts. Yet my credit score is low because I don't buy on credit. I gave the big FU finger to credit in 1999 and in 2001 I became completely debt free and haven't looked back. Credit is a scam to get your money.
It took me awhile before I learned how to save but now I act like im completely broke and dont spend money on useless crap. I now have money for whatever I need and do not worry.
If you make $1000 a week you must live the life of a king. I live in Southern Europe and used to make around $1200 a month. Married and supporting a wife and 5 kids, wife didn't work. Now I'm on disability and get around $600 a month. I was used to living from pay cheque to pay cheque not be able to buy anything for myself
A lot depends on the cost of living in the area you are in. $52,000.00 is a middle class living in my area, but go to NYC and you're sleeping on the sidewalk at that amount.
Stop the never ending new car payments or whatever you can to increase your savings rate. Save $750 month and you can be a millionaire in 25 years. Sooner you start, the sooner you get there. Start at 18 years old + 25 = 43 years old. $1,000,000 invested in 7% average paying dividends, you get paid $70k/year to do nothing. :)
It's a good video I've been a mechanic professionally since I was 19. I recently started doing a different job but still have to do mechanic stuff just not so much on auto's anymore. Tool Truck debt was the worst but once I owed it all was 👍
As a young stock investor life style inflation is *real* and I highly recommend people learn to invest You may perceive things a different way and it’s just great if you know what you are doing. Instead of retiring at 60, you may retire at 40, lots of doors open up etc I’m a stock youtuber also and I’m just warning people to be wary, some content creators jump on the next hype for example because it pulls the most views (makes them the most money) assuming you want to pick individual stocks yourself
Borrowing more and only paying the interest only works if you're the UNITED STATES OF AMERICA. And if all else fails, they just PRINT MORE MONEY. We working people don't really have these options. Neither one will work out for long for us. WE HAVE TO LIVE WITHIN OUR MEANS. GOOD POINT FRM.
Thank you for trying to help people to understand money Flat Rate Master! I try to help the people I know in my circle and they always seem to know better when im trying to tell them, then moaning the next minute about not having any money.
Funny I actually lost friends cause I’m winning with money and I’m now “stuck up” cause I eat bologna sandwiches for lunch sold my expensive truck downgraded a bunch of stuff and moved the mother in law in to help us both go figure they all get pissed when I say I’m debt free
The first tool truck guy that came in my first week as a tech, was greeted by me saying my name is Eric and I am broke. Lol. 18 years in this industry and I dont like having a weekly tool truck payment thats more than $20 a week. And thats total not each truck. I may pay more as I am able but the I try to keep the required payment at 20 or below.
That's a good way to do it, but also please just keep in mind, just because it's 20 a week, doesn't mean it's cheap or worth it. that 800 dollars Ratchet kit, can be divided up in what 40 50 weeks potentially, that'd be your payments for almost a year. I understand the need for tools, i just mostly like to buy in cash, or be able to pay off good chunks of it. Atleast you are mindful of the money. But yeah,20 isnt that bad.
@@baileyhatfield4273 oh yeah totall cost definitely plays into it. I have never had a balance on all the trucks that stop by that combined exceded 700 bucks. My box came from sams club 15-16 years ago. It is definitely easy to just look at payment only and get sucked into a huge payment.
Substitute for Red Bull are these little caffeine energy powder packets you put into a water bottle and shake (Great Value brand at Walmart). Like $2 for 10. Almost equal to a Red Bull, in case there's any caffeine addicts here.
I wish I could super like this video or like it 100times over. I work as a heavy duty mechanic and I get paid very well. But I've been trying to get rid of debt fast and cause of that I got my self in a situation of living month to month. And I have been tossing and turning at night for the debate if I should get a second job. Thank you for helping me in my decision
Credit cards are great, I was broke one month and wasn't gonna be able to afford rent, but then noticed I hadn't redeemed my rewards from my credit card, which I had 300 bucks in rewards. That saved me that month. Pay off the entire bill every month.
The paying off the bill every month is the problem for most people (myself included), if you're using it to buy things you can't afford, you ain't paying it off every month either.
Anything they ACTUALLY need, they just wait till it comes due, rent ect, and any tool purchases, they just do it weekly, at probably like 60 a week for the next 60 weeks. I don't do any of that crap lol, i'm just broke because i get paid poorly and need to drive 30 minutes to work. I had more money saved up when i worked at a gas station ''part time'' during school. part time as in i took all the ''availible'' shifts from lazy workers and just put in tons of hours, for being in school, like 24 even 30 40. Having to buy tools and do ALL repairs , first year, isnt quite nice on the wallet. If i'm doing more than oil and tires, give me more money.
1st! Im no longer a tech, I wish it paid good but its horrible. theres no way to make big money unless you own the shop. other exceptions are very rare. I sure love the videos and tools and everything. I never met any tech that makes big money unless they are the owners. wish it was different.
Owners don't necessarily make more money. WE JUST GET TO HANDLE MORE MONEY. FYI, I always paid my employees and my shop bills first. I got what was left, if any.
That's what i'm thinking. I was earning 13/h CANADIAN. Not just some bitch lube tire tech. From the bitch work oil tires to suspension brakes diag, transmission R&R, installing some wheel spacers (worked at a ''performance'' shop) some liftkit deals. I earned piss money, and from a conversation i had with the other techs, all 3 of us, the guy thats been there like 3 yrs, who did engine pulls, body work, to a degree, and all work, was only earning 15 maybe 16. He did all the shitty jobs, and didn't complain. and another 2 3 bucks. You can weld all day long, and earn far more than that. Unless you own something, you're right, you won't see that money. Problem is, you can't own a shop here, and do the work, unless you go through the 4 yrs, and the certification, ect. So you're stuck working for shitty asshole bosses who pay mcdonalds wages for hard ass work. I appreciate people working minimum wage jobs, sure its fine and all, but don't bitch when you earn it for doing the MINIMAL work. I worked my ass off and got like a dollar more, which i think is actually the minimum wage now. I'm not an economy teacher, but taking a course, doing super well, being a hard worker and showing up on time, doing ALL kinds of different complicated work, and earning 1 more dollar per hour, aint gonna pay off.
On top of that, when you're on flat rate, I think it's a good idea to have a baseline, or a float. Have an amount in your normal checking account that you don't want to go below, maybe $1k. Then if you have a slow week, it's not a big deal, you can just float it. Also, sole breadwinner here, but only because we put 100% of her check (and then some!) toward student loans. Ugh.
Like always said if you make 100,000 dollars in a year and you spend 105,000. In a year you are broke. Remember when I started working and buddies of mind went to the oil patch and made good money. But when they came back and I worked at a gas station they would hit my up for a loan because blew all their money on toys and garbage. But I saved money making a lot less than them.
I like fairy tales and unicorns videos. Mike Tyson said it best “everybody has a plan until they get hit in the mouth.” I took a financial Mike Tyson hit in the mouth in 2008. I still can’t stand steady.
I was definitely a paycheque to paycheque guy before and since I started managing my money better ( all because the little woman who is far better at it than I am) I’ve reduced my dept by almost $50K in less than 11 months while doing some major home renos. I do work an average of 80 hours a week between the fleet shop and driving tractor trailer. Plus we haven’t had a Snap-On rep. in over a year now LOL But like you said sit down a figure out your cost of living and your minimum take home for availability for available funds and base it on that. Any extra should go to dept repayment.
man.. ya'll hatin on the tool trucks is hilarious, like their literally the first ya'll blame right off the bat... my god... if you buy tools, then do side gigs or get a 2nd job.. its that simple, otherwise dont buy tools whether its from the tool truck or not..
I just sold my truck to carmax for 800$ more than I did 3 years ago was a nice 41000$ deposit on my truck bought me a one owner low mileage 2010 Lincoln town car for 4000$ gets me to and from work
I'm in the circle debt was working on getting out of in to a new circle but the pendimic changed some things for me so I'm starting over so far it might work
Advice my grandpa gave me when I started out- Put $20 a week into a savings account regardless. Build a minimum balance of 2 months pay for emergencies. Once you get established, change it to a percentage. Every couple years, up it a bit. Have a goal of a year's pay in savings.
Unfortunately,my former industry is about dried up and I took a major pay cut to become a mechanic/technician in the equipment rental industry. Hopefully, my pay scale will increase after being in this industry for a few years...
Yeah, i wouldn't get your hopes up. Unless you've been in it for 6 7 8 years, and HAULING ASS, putting in the shops far more hours and therefore TONS of cash, you will barely see any real money. Or if you own a shop. This industry seems to only be good for the ones who break their body, earning the shops 2x hourly and finally get paid OK cash.
Technician with a car payment, I thought you guys just bought used cars from customers who gave up on them. Buying lunch everyday, have you ever heard of a sandwich, apple and a plastic cup to fill up on tap water.
Just picked up bank repo Bmw 2005 525i inside all kind of smokes vapes lottery tickets drinks and so on but they had no money to make payments people waste money don’t even know it
@@ClassicBMWFanInQuebec I paid $600 for it actually e60 not e39 but still old style engine which is good I will need to replace Catalytyc converters cost me 750$ from eBay more then I paid for the whole car also one blown spark plug thread installed coiled thread two more coils I has used and a set off spark plugs $25 eBay I sold one car for $4000 a month ago so there is still room to make some extra cash profit
@@bmwe3986 Ah yes the E60 started in 2004 you're right. Even more complexity :) But you seem to know your way around these cars. I prefer the older stuff myself. Hopefully you get it running well!
The old line of *the guy with the Bucket-O-Tools for 99 cents from Wharf freight* who is a Master Tech working on BMWs/Mercedes/fill-in-the-blank making $250,000 a year is a joke at best.
Totally depends where you live man. I didn’t have time to pack a lunch last night, was spending time with my mother. I had to buy a Lunch today which I try to never do. So I went to a deli close by and got the smallest BLT available and a liter of seltzer water. Not a very extravagant lunch. It was $10 and some change.
@@brad8665 buy bread ham Mayo 7 bucks at the store guess what you saved 40 bucks for each sandwich you buy everyday sometimes you have to think you’re broke in order to save money.
@@erictech201 Tuna used to be cheap lol, a can for like a 1.50 or something and if you REALLY wanted to, you could spread it out to ''3'' sandwiches. now its like 4 dollars for a can of the decent stuff, the catfood type stuff is still cheap...which i guess you could do. Making sandwhiches is a big money saver, my only issue is the mfs get soggy and fucked up, probably just how i pack em.
I get free eggs from my neighbor's chickens. Drink coffee from the pot we brew at work. The budget loaf of bread is $1. And being single, my lunch is left-overs from the previous day. Dinner is whatever but never too much.
Dude I wish tech schools focused on money management, and budgeting. Ive told this story so many times. When I got my first job I was making $15 an hour, 40hr guarantee. We budgeted life so that we could always pay everything if I was making $15@40. Even today if things went sideways We would be really close.
As we saw with COVID and any other crazy, the auto industry is volatile for techs. You can have 75hr this week and 35 the next. Ive seen so many guys make a lot of money, and still be broke.
BE SMART, live below your means.. Stress over money ruins relationships, and your health... Plenty of other stuff to worry about. You can do a lot to control stress over money.
I wish schools in general would talk about money management, such an important topic that most people just don't understand
They won't teach money management. There are many superior brains being born every day. If they taught the middle of the pack brains the tricks the world would fold sadly
I taught my sons to live on half their pay as long as possible. Use credit only to help their credit score, not for things they can’t afford. Pay cash when ever possible.
Both are doing well, thank goodness they listened. Now to take my own advice. 😬
Any regular tech should not buy a tool box off a tool truck it costs as much as a car. Harbor freight boxes work.
Even then, earning piss poor money, a box costs what idk 1500 for a decent sized one. Well that's fine and all, but if that equals roughly a whole months pay....while you are doing ALL sorts of work, working your ass off, it's hard to do. I guess my job just said yeah lets get you doing all work that eveyrone else is doing a couple weeks in. Which is fine and all...but i don't have the tools for every single job i need to do. Let alone the room to store them. Constant struggles and getting paid shitty doesnt help. Can't work on cars being broke with no room to store the tools you can't buy. Crappy tools even.
Husky baby
Debt is the biggest downfall. Often enough it’s needed for what ever, unexpected things do come up no matter how well you prepare. Good example I had to buy a clothes washing machine $1000 I didn’t have all good paid it off $30 a week what ever it was I don’t remember. About a month after paying it off I got a call we can give you $20,000 today just sign here. I told them to f**k off but you know that has to be tempting to someone don’t be that someone
A Zero based budget is the secret, if you don't have a plan for your money it will control you.
Personally I'm a big Dave Ramsey fan, but let me tell you, surviving covid with no credit card debt, no tool truck payment, and no car payment was much easier than those that still had payments.
Pay cash for tools
Pay cash for cars
If you can't pay cash you can't afford it.
Good video FRM!
I agree, it may tick alot of people off, but if you cant pay for it immediately you most likely cant afford it anyway
That's another reason I avoid tool trucks. If i can't pay cash for tools or toolbox, I can't afford it.
It is not 'blame tool truck' - nothing to do with where one works one can be living beyond their paycheck. OR one could have a job loss, illness anything - nothing to do with tooltrucks. Putting money in savings - paying your bills ect.
Never been on a tool truck that didn't take cash. The smart ones will give a discount for it ;-)
@@mattt4183 Always ask, it usually works. If not, put it back and walk towards the door. They'll usually make you a counter offer/better price.
I see little difference in paying $200 for a tool today or putting it on the truck account (no interest) and paying $20 per week for 10 weeks. I pay the same either way.
@@ghostwrench2292 I agree buying off the truck has support. Consistency is the key (higher quality tools deliver consistent results). Nothing worse than a bunch of garbage tools - like my time is worth more than that plus the 'online' junk good luck with warranties (if one added up the HOURS of time) wasted on that it is more than just buying the tool of the truck. The ones who say they will not buy off a tool truck (got the Wharf freight special bucket-o-tools $9.99) and work on everything.
If you have to make payments on the toolbox, it means you can't afford it.
Couldn’t agree more.
why would i drop 10k when i get to pay 50 a week and keep my capital?
@@epicragegaming2016 Because you don't actually have 10K to spend on a toolbox, so you borrow it. It isn't a hey I am going to save my 10k and invest it and make payments on my box (Which would be a loosing proposition by the time you paid the horrible interest rates. The borrower is slave to the lender. Why owe someone 10K, when you can own your items fee and clear.
@@epicragegaming2016 If you can't pay cash, you can't afford it.
Ok guys, i get what you're saying, but what if you're just starting out. In 69 I bought a $49.95 craftsman carry box tool set on SEARS instant credit account. 1/4,3/8,1/2 SAE std sockets 3/8,1/2 ratchets, a few open wrenches, and a screw driver or two. As needed I added tools, paying cash. Box got full and real heavy real fast. Stored it and my overflow in my car trunk. Gets old lugging in that box then going to car to get tools as needed that didn't fit in the box. Security, WASTED TIME, making life easier on yourself sometimes dictates the need for a box whether you can afford it or not. To me, a toolbox is like a car or house. Starting out you don't need a BMW or a 5 bedroom house, but you need something. My real point is, MAKING PAYMENTS IS NOT BAD IF YOU BUDGET FOR THEM. By the way my first tool box was the trunk of my 68 Camaro r/s that I bought new and paid cash for. That's why I had to buy my tools on a Sears credit account !!!!! WHAT THE HELL, YOU'RE ONLY YOUNG ONCE................
I have the same discussion with new HVAC techs. I can't stress enough how important is to budget. We are in Phoenix, Arizona we live like kings in the summer and we starve during the winter . Its amazing how much money you save when you bring your lunch to work, buy drinks at Walmart for the week.
How is hvac? I also live In Az. Is it worth it because or no because of the slow months ?
I know techs that go to the gas station three times a day. 2-3 packs of smokes, 2-4 energy drinks, garbage food, fountain drinks. You spend $50 a day at the gas station and wonder why you are broke.
Plus alcohol - money down a toilet literally. Smoking/vaping whatever that mess is who knows what is it. One would be smart to put some food/water emergency supplies back as the country is bankrupt printing money with tens of trillions in DEBT. Eventually it is going to collapse just time.
@@mt1885 It's everywhere. It's just corruption all around and constant crap. No better in Canada. We just have a shit leader whos more corrupt than corruption itself.
@@baileyhatfield4273 I think this country is on its last 'printing press' but yes it coming the 'zeroing' out of the global dollar whatever one wants to call it all by design. Bible clearly states it, one can refuse it (but it does not change the events) coming. Like watching a movie with a bad ending (but living it).
@@baileyhatfield4273 We got open 'flood gates' now like walk across and get paid thousands of dollars. Plus all sorts of NEW taxes coming in and banning of oil/fuel in a few years should be great.
Keep preaching, Love these videos, people need a reality check. Everything you said is 100 percent right.
This video is important for the younger techs I fell into the trap of buying tool truck tools and boxes about 5 years ago till this day I'm still trying to pay it off should be done in the next 2 years hopefully. As I got older I stay off the trucks and look For good alternatives
If ya ain't got nuthin-ya got nuthin to lose!! I love living paycheck to paycheck!!😁😁
50% of my money gets invested, working on getting to 60%. Make your money work for you.
You are a prodigious accumulator of wealth according to 'the millionaire next door'. Great savings rate.
I learned to put money in savings and then budget for the rest
I was way too old when I figured out how to budget. Stack cash when you're young. You sacrifice your youth so you dont have to work till you die. Invest, invest, invest. 5%, 10%, 15% whatever you can possibly manage to have left after you cut out the comforts of life. Take it from someone who started over too many times. Do not live on a net zero mentality. If you made $500 this week, maybe 300 of it is actually yours to live that week. Bringing food vs buying food at the deli cost more time but your money can be making money while you're working. Buy your tools but keep it conservative. I personally have $20k worth of tools in a $500 box vs a $10k box with 16 wrenches and 1 ratchet. Be smart with money. Expensive box keeps you from having better stuff inside.
Dude theres so many people I work with who make good money. Line 95k plus. And they still bitch about being short on money!!! It's insane. I usually gross a little over 100k. Drive older cars, rarely eat out for lunch, and live below my means. I dint wanna get old and not be able to live
Divorce your lazy wife. That got me out of that circle. Life is too short.
I’m not a mechanic but I just got out of the cycle and now every purchase is scrutinized thoroughly paid for in cash (debit card)
I sell rocks on the side when I don’t flag enough hours
I have no credit cards and don’t want any. All I have is my debit card for my checking.
Having a budget and sticking to it has changed my life. The amount of stress that simple thing has removed is mind blowing.
I stopped going out to eat, that helped me save a lot of money.
If you don't have a solid untouchable 6 months of living expenses sitting in a savings account then you are pay check to paycheck
my checks working for GM was like ... 350 - 550 TOPS per week... for 4 years .... i was spending over HALF my income on the trucks ( live with family members) NOW I'm ONLY buying tools on. amazon.. Guess what ppl? Sunx MAKES matco AVD sockets. why would i pay 530$ on cornwell 1/4 impact swivels when i can get sunx 1/4 impact swivels /w MAGNETS? ... I will admit i love the snap on electric ratchet BUT i cant afford to buy tools anymore . Sockets, pliers, magnets, pry bars, tool organization, etc... I means im using the same impact gun i bought in 2014... it was not worth 300+ from the tool man. No need to buy over priced marketed tools ... its like cloths designers and ignorant ppl take a polo from sears and slap a "brand" on it and park it up 300%.....
Thx daddy flat
The owner where I work. Has more than once tried to get my coworkers to go to some kind of money management program. That he would pay for. And they always turn him down.
Kind of sad but not surprising. Good money management is mostly about behavior control and not actual math. The numbers aspect is easy, it's the self-control bit that's challenging. And self-control isn't really popular in our culture: use your words wisely, hold on on purchases until you have the money for it (delayed gratification), control your impulses and stay faithful to your wife etc. Not everyone is up for that.
@@ClassicBMWFanInQuebec
Not going to lie i was horrible at money management. 1 paycheck away from be homeless.
Now my friend and family make fun of me. For being a tight butt.
@@ifitsnotbrokenfixit1193 Oh yeah so was I. At one point I got a significant pay cut and we could barely pay the mortgage. That was the wake up call for my wife and I. We got out of debt and back on track thanks to Dave Ramsey.
@@ClassicBMWFanInQuebec - having to wait for it also makes you appreciate it even more. (at least it does me). I think impulse control happens when you realize the junk you want to buy is not worth the cost.
@@ClassicBMWFanInQuebec some people get it and some don't. No matter how long you try and explain to them. One needs to change there out look on life.
Mine was after being off work from an accident outside of work for a few months. I preach to everyone that short term disability insurance should be a must. Because accidents just don't happen at work.
I put myself on the Dave Ramsey plan before I ever heard of him.
Big thing is you gotta make enough money To budget. I am an ASE master tech, have worked at dealerships, some hourly some flat rate, and other industries. Yeah in flat rate I was making close to 800 a week. Other then that? You're looking at 400-600 a week. It's easy to burn through that when you're the single earner in a household. How do you get around this? I don't know.
i have two creidt cards , a $500 line and $1000 line, I try and only use the 500 one and save the higher card line and always making payments.. I work as a collision center detailer, houry, 12$ an hr, age 25
The best thing is to close the credit card accounts, only keep one.
Yeah but mine is 30000$ limit lol
This is one of the most important videos you've ever done. Young people and a lot of older are living paycheck to paycheck. If you are financially suffering and you have a nice shinny car or truck, that depreciating vehicle will keep you broke. Get something cheaper, and save money. I also Agee with you on Dave Ramsey, but his system works. I like the "Minority Mindset ". Juspreet has a lot of good ideas and he is not as hardline as Ramsey.
Thanks for the video. Dave Ramsey is also helpful.
I don't smoke drink (even energy drinks, coffee), i dont have any hobbys and i was just scraping by, LIVING AT MY PARENTS (i'm like 20 chill your shit, can't buy a 200k house at 20) Buying tools, even buying cheapo ones. I can't earn 13 dolalrs (Canadian) an hour which ends up being like 420 bucks a week...it's basically mcdonalds pay. Earning that kind of money you can't live off of, not anytime soon. So yeah, the problem i had, was i wasn't getting enough money. You pile on gas insurance maintenance (not that much, don't say i got someshitbox), tires for the seasons, food on and on. Your number of 1k a week...is nowhere NEAR what people near me can earn. Let alone you're in america. The number i'd need to see your 1k is about 1300 or something. at 420 ish dollars, i'm at a third of what you have as a budget. So me living paycheck to paycheck on a third of what you set as a what you earn, seems pretty damn good to me. My issue is just with nobody here paying shit for their workers. I understand the concept and the premise of your video, tons of techs out here smoking drinking (and energy drinks too) 4 5 coffees a day, getting lunch out every single day. I'm the polar opposite. I still was living paycheck to paycheck till my boss ''let me go'' because of ''covid'' a long while back. We had 0 covid beleive it or not. Anywho, applied to many places, not looking like a junkie, talking like a human, nice resume, nothing. If people want to ruin their life, getting into debt by being dumb and buying multiple thousands of dollars worth of energy drinks per year, coffee cigarettes and drinking on the weekend, let them. I know a guy hes like 43 and all he has to his name is a shitty 9 10 year old shitbox economy car which is worn to hell. That's it. No house no tools he owns nothing. Yes, life isn't all about possesions...but having nothing after 20 plus years in the work force shows you are just in life to piss it all away.
I’m currently working at 2 shops. I pretty much have everything I need at one shop but not at the other. It’s a long term side gig which takes up 25+hrs a week. Main job is 40+hrs. At first I was paycheck to paycheck when starting up at the other shop because of buying more tools and another box ($2500+) but after a couple months of buckling down im finally seeing a return on this gamble. It’s not a weekly check because I’m not paid till the job is finished but it’s definitely rewarding if done correctly.
Most of the bills you talked are just normal bills. Cut the tool payment, get a side hustle or a second job. And rent your basement suite in your house.
I recommend Dave Ramsey 7 Baby Steps!
my late dad gave me the same advice, thanks for the reminder. my local harbor freight knows me by my first name, my purchases are judiciously scrutinized before I leave the house. sometimes I turn around and stay home, wait patiently for the sales.
Stop buying all them tools!
Dave Ramsey fan here. Budgeting works!
California sucks. even with no car payment it can be a nightmare.
Stay away from the tool truck. Tools from NAPA and Carquest are just as good. Buy your groceries at Aldi's not at Whole Foods. Buy a used beater to get back and forth to work. Save the new F150 to get to the lake on the weekends or not. Just some of my experience in life.
I can’t agree with you any more! You so hit the nail on the head with this video. I saw this young tech come to our shop a few years ago and buy off the Snapon truck. In a matter of 2 months he had rack up 20k plus in tool box and tools only making $16 an hour. By his 4 month he was crying that he need a raise. Well with his cockiness and telling the boss he was going to charge him to used his scan tool, well let’s just say he didn’t make it 6 months with us. And his stuff got repossessed back by Snapon.
That snap on truck can be the devil too
Holy cripes... 1000 a week i live off less than half of that....Canadian. maybe I do a little better than I have set in my head
so I'm 40 and I have never had a credit card, always been scared of them too many people with war stories about them this fall I'm going to tech for a career change (never too late right lol) my wife came up with an idea to get a credit card with about a 300 limit and that's my too allowance get whatever tool is needed with credit card pay off at the end of the month or as much as possible that way no worries about having to pay the tool truck guy every week. and my tools are always growing and I'm building credit as I go. is this a bad idea?
ONE has to have *CREDIT worthiness period* showing you can pay your bills ON TIME - mandatory in this life (not running up DEBT). Seen the same thing, people buying 'cigs/vaping/alcohol/energy drinks/junk food' from the convenient stores ($20 or MORE a day easily).
Exactly. What about when you do none of that, and are still scraping by? Pay is the issue. If you knew what piss poor money i made you'd go dig yourself a hole and pray to never see those numbers again.
I would call it money discipline. I pay my monthly expenses on time (as soon as I get the bills), have no loans, no credit cards, etc., lots of cash in the bank and other accounts. Yet my credit score is low because I don't buy on credit. I gave the big FU finger to credit in 1999 and in 2001 I became completely debt free and haven't looked back. Credit is a scam to get your money.
@@meabob The plug will get pulled on the whole printing press it is going to 'reset' and it will be like toilet paper.
2022 let’s do a new video for inflation
It took me awhile before I learned how to save but now I act like im completely broke and dont spend money on useless crap. I now have money for whatever I need and do not worry.
If you make $1000 a week you must live the life of a king. I live in Southern Europe and used to make around $1200 a month. Married and supporting a wife and 5 kids, wife didn't work. Now I'm on disability and get around $600 a month. I was used to living from pay cheque to pay cheque not be able to buy anything for myself
A lot depends on the cost of living in the area you are in. $52,000.00 is a middle class living in my area, but go to NYC and you're sleeping on the sidewalk at that amount.
That's on you for refusing to use birth control.
Stop the never ending new car payments or whatever you can to increase your savings rate. Save $750 month and you can be a millionaire in 25 years. Sooner you start, the sooner you get there. Start at 18 years old + 25 = 43 years old. $1,000,000 invested in 7% average paying dividends, you get paid $70k/year to do nothing. :)
Impulse buys Why did I go out and buy vintage video games from my childhood spent 300$ and never use them
Dont forget all your tv subscriptions Netflix hulu amazon prime etc. Those add up quick!
It's a good video I've been a mechanic professionally since I was 19. I recently started doing a different job but still have to do mechanic stuff just not so much on auto's anymore. Tool Truck debt was the worst but once I owed it all was 👍
That's cool man! I'm a small engine tech trying to go solo. Lots of things are changing at work we as techs are loosing.
As a young stock investor life style inflation is *real* and I highly recommend people learn to invest
You may perceive things a different way and it’s just great if you know what you are doing.
Instead of retiring at 60, you may retire at 40, lots of doors open up etc
I’m a stock youtuber also and I’m just warning people to be wary, some content creators jump on the next hype for example because it pulls the most views (makes them the most money) assuming you want to pick individual stocks yourself
Always good to be reminded of good ol fashion budgeting. 👌
Borrowing more and only paying the interest only works if you're the UNITED STATES OF AMERICA. And if all else fails, they just PRINT MORE MONEY. We working people don't really have these options. Neither one will work out for long for us. WE HAVE TO LIVE WITHIN OUR MEANS. GOOD POINT FRM.
Thank you for trying to help people to understand money Flat Rate Master! I try to help the people I know in my circle and they always seem to know better when im trying to tell them, then moaning the next minute about not having any money.
Funny I actually lost friends cause I’m winning with money and I’m now “stuck up” cause I eat bologna sandwiches for lunch sold my expensive truck downgraded a bunch of stuff and moved the mother in law in to help us both go figure they all get pissed when I say I’m debt free
The first tool truck guy that came in my first week as a tech, was greeted by me saying my name is Eric and I am broke. Lol. 18 years in this industry and I dont like having a weekly tool truck payment thats more than $20 a week. And thats total not each truck. I may pay more as I am able but the I try to keep the required payment at 20 or below.
That's a good way to do it, but also please just keep in mind, just because it's 20 a week, doesn't mean it's cheap or worth it. that 800 dollars Ratchet kit, can be divided up in what 40 50 weeks potentially, that'd be your payments for almost a year. I understand the need for tools, i just mostly like to buy in cash, or be able to pay off good chunks of it. Atleast you are mindful of the money. But yeah,20 isnt that bad.
@@baileyhatfield4273 oh yeah totall cost definitely plays into it. I have never had a balance on all the trucks that stop by that combined exceded 700 bucks. My box came from sams club 15-16 years ago. It is definitely easy to just look at payment only and get sucked into a huge payment.
Substitute for Red Bull are these little caffeine energy powder packets you put into a water bottle and shake (Great Value brand at Walmart). Like $2 for 10. Almost equal to a Red Bull, in case there's any caffeine addicts here.
Sound advice! Really appreciate the honesty always!
I wish I could super like this video or like it 100times over. I work as a heavy duty mechanic and I get paid very well. But I've been trying to get rid of debt fast and cause of that I got my self in a situation of living month to month. And I have been tossing and turning at night for the debate if I should get a second job. Thank you for helping me in my decision
I pay myself 10% a week of take home pay.. all the rest is put up for bills or if needed for the house or car
How much a month?
Well said. Buy smart, save money, live below your means, invest for your future.
Credit cards are great, I was broke one month and wasn't gonna be able to afford rent, but then noticed I hadn't redeemed my rewards from my credit card, which I had 300 bucks in rewards. That saved me that month. Pay off the entire bill every month.
The paying off the bill every month is the problem for most people (myself included), if you're using it to buy things you can't afford, you ain't paying it off every month either.
How does one deal with lazy hourly coworkers who say _not my job_ then continues to sit there doing nothing.
People who live this way will never actually learn math. You cannot teach them.
Anything they ACTUALLY need, they just wait till it comes due, rent ect, and any tool purchases, they just do it weekly, at probably like 60 a week for the next 60 weeks. I don't do any of that crap lol, i'm just broke because i get paid poorly and need to drive 30 minutes to work. I had more money saved up when i worked at a gas station ''part time'' during school. part time as in i took all the ''availible'' shifts from lazy workers and just put in tons of hours, for being in school, like 24 even 30 40. Having to buy tools and do ALL repairs , first year, isnt quite nice on the wallet. If i'm doing more than oil and tires, give me more money.
1st! Im no longer a tech, I wish it paid good but its horrible. theres no way to make big money unless you own the shop. other exceptions are very rare. I sure love the videos and tools and everything. I never met any tech that makes big money unless they are the owners. wish it was different.
Owners don't necessarily make more money. WE JUST GET TO HANDLE MORE MONEY. FYI, I always paid my employees and my shop bills first. I got what was left, if any.
That's what i'm thinking. I was earning 13/h CANADIAN. Not just some bitch lube tire tech. From the bitch work oil tires to suspension brakes diag, transmission R&R, installing some wheel spacers (worked at a ''performance'' shop) some liftkit deals. I earned piss money, and from a conversation i had with the other techs, all 3 of us, the guy thats been there like 3 yrs, who did engine pulls, body work, to a degree, and all work, was only earning 15 maybe 16. He did all the shitty jobs, and didn't complain. and another 2 3 bucks. You can weld all day long, and earn far more than that. Unless you own something, you're right, you won't see that money. Problem is, you can't own a shop here, and do the work, unless you go through the 4 yrs, and the certification, ect. So you're stuck working for shitty asshole bosses who pay mcdonalds wages for hard ass work. I appreciate people working minimum wage jobs, sure its fine and all, but don't bitch when you earn it for doing the MINIMAL work. I worked my ass off and got like a dollar more, which i think is actually the minimum wage now. I'm not an economy teacher, but taking a course, doing super well, being a hard worker and showing up on time, doing ALL kinds of different complicated work, and earning 1 more dollar per hour, aint gonna pay off.
Y'all needed to find a new shop. My pay has quadrupled in the past 15 years because I followed the money.
On top of that, when you're on flat rate, I think it's a good idea to have a baseline, or a float. Have an amount in your normal checking account that you don't want to go below, maybe $1k. Then if you have a slow week, it's not a big deal, you can just float it.
Also, sole breadwinner here, but only because we put 100% of her check (and then some!) toward student loans. Ugh.
Like always said if you make 100,000 dollars in a year and you spend 105,000. In a year you are broke. Remember when I started working and buddies of mind went to the oil patch and made good money. But when they came back and I worked at a gas station they would hit my up for a loan because blew all their money on toys and garbage. But I saved money making a lot less than them.
Dave Ramsey is tried and true in his methods
Paying for it now. Once i got married went crazy on buying using credit cards. Now trying to get out of this debt. P.s. I'm only 25 😭
Well said flat rate master. Love the videos.
Lifestyle Inflation is a real problem!
I like fairy tales and unicorns videos. Mike Tyson said it best “everybody has a plan until they get hit in the mouth.” I took a financial Mike Tyson hit in the mouth in 2008. I still can’t stand steady.
I was definitely a paycheque to paycheque guy before and since I started managing my money better ( all because the little woman who is far better at it than I am) I’ve reduced my dept by almost $50K in less than 11 months while doing some major home renos.
I do work an average of 80 hours a week between the fleet shop and driving tractor trailer. Plus we haven’t had a Snap-On rep. in over a year now LOL But like you said sit down a figure out your cost of living and your minimum take home for availability for available funds and base it on that. Any extra should go to dept repayment.
That’s what so many out there are doing. Great video
man.. ya'll hatin on the tool trucks is hilarious, like their literally the first ya'll blame right off the bat... my god... if you buy tools, then do side gigs or get a 2nd job.. its that simple, otherwise dont buy tools whether its from the tool truck or not..
I just sold my truck to carmax for 800$ more than I did 3 years ago was a nice 41000$ deposit on my truck bought me a one owner low mileage 2010 Lincoln town car for 4000$ gets me to and from work
I tell young people graduating start saving now trust me
I'm in the circle debt was working on getting out of in to a new circle but the pendimic changed some things for me so I'm starting over so far it might work
Advice my grandpa gave me when I started out-
Put $20 a week into a savings account regardless. Build a minimum balance of 2 months pay for emergencies. Once you get established, change it to a percentage. Every couple years, up it a bit. Have a goal of a year's pay in savings.
There needs to be a bigger push for getting your own retirement fund like ira’s and hsa’s etc
Your math is wrong you missed a whole 500 dollars
After the car payment
Unfortunately,my former industry is about dried up and I took a major pay cut to become a mechanic/technician in the equipment rental industry. Hopefully, my pay scale will increase after being in this industry for a few years...
Yeah, i wouldn't get your hopes up. Unless you've been in it for 6 7 8 years, and HAULING ASS, putting in the shops far more hours and therefore TONS of cash, you will barely see any real money. Or if you own a shop. This industry seems to only be good for the ones who break their body, earning the shops 2x hourly and finally get paid OK cash.
Since I can't PM you. What do you think about Crypto and DogeCoin?
Technician with a car payment, I thought you guys just bought used cars from customers who gave up on them. Buying lunch everyday, have you ever heard of a sandwich, apple and a plastic cup to fill up on tap water.
Awsome video 👍defs some great info here
So it took a long time to get that tool box
Just picked up bank repo Bmw 2005 525i inside all kind of smokes vapes lottery tickets drinks and so on but they had no money to make payments people waste money don’t even know it
Yeah, but they can drive by your lot, point and say "I DROVE IT FIRST"!!!!
I can't imagine the deferred maintenance on that E39! You are a brave man :)
@@ClassicBMWFanInQuebec I paid $600 for it actually e60 not e39 but still old style engine which is good I will need to replace Catalytyc converters cost me 750$ from eBay more then I paid for the whole car also one blown spark plug thread installed coiled thread two more coils I has used and a set off spark plugs $25 eBay I sold one car for $4000 a month ago so there is still room to make some extra cash profit
@@bmwe3986 Ah yes the E60 started in 2004 you're right. Even more complexity :) But you seem to know your way around these cars. I prefer the older stuff myself. Hopefully you get it running well!
Student loan is worse
Cold Cut sandwiches from the supermarket, make them yourself the night before.
Great Advice.
Better money management will reward you in the long run😉
The old line of *the guy with the Bucket-O-Tools for 99 cents from Wharf freight* who is a Master Tech working on BMWs/Mercedes/fill-in-the-blank making $250,000 a year is a joke at best.
I was broke, then got a raise and it actually changed everything. Plus I got all my stimulus checks on my tax return so now I have savings.
$10 for lunch? I don't even spend that for a full day.
Totally depends where you live man. I didn’t have time to pack a lunch last night, was spending time with my mother. I had to buy a Lunch today which I try to never do. So I went to a deli close by and got the smallest BLT available and a liter of seltzer water. Not a very extravagant lunch. It was $10 and some change.
@@brad8665 buy bread ham Mayo 7 bucks at the store guess what you saved 40 bucks for each sandwich you buy everyday sometimes you have to think you’re broke in order to save money.
@@erictech201 Tuna used to be cheap lol, a can for like a 1.50 or something and if you REALLY wanted to, you could spread it out to ''3'' sandwiches. now its like 4 dollars for a can of the decent stuff, the catfood type stuff is still cheap...which i guess you could do. Making sandwhiches is a big money saver, my only issue is the mfs get soggy and fucked up, probably just how i pack em.
I get free eggs from my neighbor's chickens. Drink coffee from the pot we brew at work. The budget loaf of bread is $1. And being single, my lunch is left-overs from the previous day. Dinner is whatever but never too much.
Erick Cid yeah bro I make a lunch every day. I know this. But I was in a pinch and didn’t have time.
I love you 😍😍😍😍😍😍