Jeff Tang how long have u been a plumber ? and do u do commercial or residential plumbing? sidenote : do u do pipefitting and pipelaying as well? or thats just for pipe fitters and pipe layers?
sTEADYONE67 pipe fitters are union only.. plumbers do it all they are called 3 phase master plumbers.. I'm a 10 year master plumber making good money.. I can do it all from the ground up on any building.
sTEADYONE67 pipe fitters are union only.. almost all pipe fitters.. do one thing.. fit pipe.. they are not plumbers.. they assemble dwv and supply that's all
plumber's in my area charge $60 for a service call and $100/hr + parts for work performed. HVAC same thing. last i checked, i didn't see any plumbers or HVAC repair technicians burning american flags at anti-trump rallies. no, they are hard at work building wealth and providing for their families. they never complain about making money. in fact, many complain that they have too much work and are too busy, and can't find enough skilled people to work for them. why? b/c the younger generation thought that going to liberal arts college for $60K a year and taking on $200K in debt would guarantee them a "sweet job". then in a couple of years they have to call into this show and try and unravel their lives on live air to figure out where they went wrong. props to the caller in this video for building wealth
If you are brain dead.... i do landscaping and have regularly made several hundred a day If not a grand or so. Working with your hands and having a skill is paid because most don’t wanta do it 😂
complaint is poverty and gratitude is riches. If you are happy with having nothing but the clothes on your back and the food you are eating, you will save up 1.8 million in no time
Nice to hear some young folks saying that they are saving. I'm a 42 year old plumber and have been saving since I was in my early twenties. I don't even have a quarter of this wealth but I'm working on it.
My brother is a plumber. Back in 2008 he almost lost the family farm, was unemployed and couldnt find work. He was eating great value oatmeal, tuna and cleaning houses with me. Now he's 40, the farm is worth 800,000, he just built a new house, 3 paid for muscle cars, 2 paid for dodge srt trucks but would rather drive a 20 yr old escalade with 300k miles on it. Hard work pays off.
MrJiffyjiffy123 DUDE, you're awesome! If you manage to get $138,000 in 7 years, you're going to be amazingly wealthy. If you want to be a plumber, by all means go for it. But you're doing an excellent job "as is". No need to change just for the money. I could see you OWNING your own transposition firm some day.
Erik Whiting it's not just for the money but also to be close to my family. A like a lot of trades never been inclined to go to college and sit behind a desk . Plus it's looks like they can't find work
MrJiffyjiffy123 Sure, then your decision makes complete sense. Make good money and be close to family...win-win! Maybe you'll own your own plumbing company someday. Overall, you're going to be an amazing success no matter what you choose to do, because you're motivated and disciplined.
MrJiffyjiffy123 Excellent job for anyone but for someone under 30 ~ Freekin' Awesome! These are the kind of numbers I continue to drive into my 25 year olds head. Keep socking the money away as much as possible and you will be far, far ahead of the game.
jrus48 yes, there's a lot of opportunities out there in trades or in short college programs . Anybody can be successful as long as they live within their means and stay away from bad habits and bad company. Pretty much anybody can do it but they just don't have the will to succeed
Making 50-70k a year during the 70's and 80's is way more than the average household makes. Even by today's standards 70k is well above the average household income.
QuackyManSC2 yeah but I honestly doubt he made 70k back then even though he made it sound like that, I think his point is you don't need to make 200k/year to become a millionaire ...
I worked for a plumbing company (accountant). Some of these guys are making $180 p/hr on gov't jobs. Its ridiculous so its not surprising they are millionaires.
Emerson Alvarado now are you making 79 dollars as an apprentice? I am now a journeyman and the highest paid apprentices I have ever seen was around 17-18 dollars.
This is super inspirational for me, I landed a plumbing apprenticeship today making more than I’ve ever made before. I hope to build a giant nest egg just like David.
@@rolandoalmanza9039At about 75k a year before OT currently, for a brief period during the height of Covid I was hitting 13-18k a month. Nest egg is growing and retirement is on track for mid 6 Million range. Life’s good!
Great Segment! Ive set goals like this. I'm 17, working and going to school, with no debt. I set aside money every week and I would love to leave this kind of wealth to my family.
I've been binge watching Dave's videos all day since I discovered him!! God has answered yet another one of my prayers. I'm a late bloomer to intelligent money management, but it's never too late. I'm ready now and can actually learn from someone I respect and trust because he's smart as heck AND he follows God!! #NoBrainer God bless you Dave :)
My husband is an electrician! This gives me hope for our future! He just graduated his apprenticeship at 27 and he makes 50k a year. I stay at home with our babies. I think he is going to go to an electrical union though.. better benefits.
You guys will be financially alright, especially if he joins the union! tons of cash! This comment is a year old, I hope that things are good for your family. God bless
35 and have been plumbing for 18 years. I make $500k a year working 40 hours a week running my one man business with my wife. Started at 10 bucks an hour as the company gopher in 2005
@@Excogitationn Hey buddy, I see that BarrettPlumbing didn't answered your question. I got some tips if you don't mind. 1.Get High School diploma 2. Go to a trade school or Accredited technical college that offer plumbing vocational classes. 3.Complete a plumbing apprenticeship. 4. Get Licensed. 5. Get Experience working as a plumber. 6. Start your own business like BarrettPlumbing did.
Yah, that's the thing. His $60k back then was like $180k in today's money if not more. $25 was a month's worth of groceries! That's crazy. I don't know if he is single, but even my grocery bill in University was $200 a month for one person. In $CAD. If I only ate rice and beans and water to drink, it would still be $75 a month at the very lowest.
Lol it's not like a plumber is in the same category as a janitor. A plumber is a tradesman in demand. They get trained on the job and don't have to go into student loan debt.
You don't have to go into student loancdebt either but you choose to. Victims will always find an excuse to justify why the tradesman are worth more than the "educated"
That quote... you become what you think about. I think and work toward being a millionaire and I will be if thing continue. My father always said, money isn't everything but is always talking about not having money. Don't be obsessive but do your homework.
$25 dollars for a month's supply of groceries? wow, that is insane. nowadays, there is not way that would be. gas is more. food is more. living expense is more. yet, pay is not up compared to all the other costs. not like back then. back then people could by a home with typical income in the bay area. now? yeah right! big difference.
I'm 24 and will be turning 25 in November with no debt working as a Mechanical Design Engineer. Absolutely loved this segment and it just acts as a reminder to all of us to keep the wheels turning and the fire going... my goal is a minimum of $10 million... I am truly changing my family tree
I did HVAC and then Industrial Refrigeration. I was able to do well financially. I was able to build a stock portfolio and real estate portfolio before I turned 40
I'm 33 and in decent shape. I have been going to school and honestly I'm getting tired of it. Would I be to old to be a plumbers apprentice? Honest question?
+bighands69 you're absolutely deluded if you think the average American family can "put away 2000 a month" do you realize how many families live paycheck to paycheck? for christ sake after taxes I only make 1800/month....
All these bitter comments from Dave Ramsey haters are making me laugh.... Bubble bubble bubble toil and trouble, these witches need to go listen to Suze Orman if they don't like the truth.
There's another video of a guy that mowed lawns for 30 years too... but he makes $100K + too (BTW, he's a "one man show"). So maybe the point is that if you're smart enough to know how to mow a lawn, or fix a faucet, AND will live on less than you make over time you can be a millionaire?
+Mama Fylees totally agree. dave ramsey needs to go in detail about what mutual funds or whatever. not just say, safe /invest $100 a month and you can become a millionaire by the age of such and such.
He didn't vote for Bernie because he has a BRAIN! Something left wing liberals don't have. That's why they caused slavery, racial segregation, alcohol prohibition, off the chart high taxes, their "political correctness" which is why they promote such immorality. All liberalism. Everything God hates, liberals love such as abortion, homosexuality, cross dressing, gun control, dictatorship/communism. There's this commercial out called "Stand Up To Bullies." From what I've seen since Trump started his presidency, it's the LIBERALS that are the bullies!! It should be saying "Stand Up To Liberals."
So who is watching this video in March 2020 and getting pumped 💪💯. This is why i love the US, everyone has the opportunity to make something of your life, u can write your own destiny. Wealth inequality doesn’t work, Fidel Castro did that in my native country Cuba, and he made the rich and middle class poor and the poor , even more poor while he became one of the worlds riches man. My grandpa was stripped of his lands, including house and everything at gun point, with a 24hr deadline to leave or be killed. Don’t believe any politician, work, create business and save
+mycaligurl He never outright says he's libertarian but he sure does sound like one. If only the idiots in Washington thought like him this country would be in a better place.
I'm a bit confused.. "that's HIS money" talking about the plumber. Watched a another video where Dave says it is Gods money and we are just stewards/managers.
del At first glace it may appear that Dave is not 100% consistent. However, I've listened to him since 2008, taken two of his classes, and read three books he's authored. He is absolutely consistent. If you really desire to learn more about what Dave's teaching, I encourage you to invest a little more time and listen to 5 - 6 of his shows in their entirety (free on his website), or read any one of his books (free at your local library or available used on Amazon for $3 - $5), or take his class FPU (not free, but fairly inexpensive...about $100, which isn't much considering the value of the content). You'll see there's nothing confusing, hypocritical, or contradictory about his teachings. The only reason you are confused is you haven't seen the whole picture. And he's pretty entertaining, which makes him easier to listen to than 99% of the financial gurus out there. Imagine a person with only basic skills trying to put together a car from parts after having only read the first 3 chapters of a Hayes auto repair manual. That's the situation you're in right now. Of course, it doesn't make sense. A more thorough education is required, and I can testify it is absolutely worth every second and $1 you devote to it. If you're not willing to invest the time and effort, then you'll probably continue to think Dave is inconsistent. But in the interest of helping out, I present a summary of Dave's beliefs, which are also my beliefs: We believe in the Judea-Christian God who created the world and everything in it. Therefore, all things--including money--belongs to God. It's God's money. We also believes what the Bible teaches about God entrusting his money to people to manage wisely for him, similar to how a wealthy person might trust an asset manager to invest money wisely on his behalf. Therefore, when we say "that's Joe's money, or Carol's money" he says it in the sense that no other human being on earth has a more legitimate claim over how that money should be used--saved, invested, spent, donated, etc. It IS God's money, given to Joe or Carol to manage. And we believe that Joe and Carol are held accountable to God for how well or how foolishly they manage that money. Where it gets confusing is when we use "short hand" to describe this relationship between God, money, and people. Dave could say, "that's God's money given to Joe or Carol"...but more often he just says "that's Joe's money or Carol's money." Both are true. Neither position contradictory if you understand the context in which we're talking. He also speaks like this to help people who do not believe in the Judeo-Christian God but who agree that the money a person has should be his or hers to do with as they please--to spend, save, give, or invest. In this way, Dave reaches out to those who do not share his religious beliefs and might be turned off of his wise advice simply because they don't like being beaten over the head with "it's God's money". He trusts those of us who share his religious views to understand the context from having been trained in the church. We automatically insert the "it's God's money for me to manage" into the equation. I hope that makes sense, and I really do hope you take the time to learn more about what Dave teaches. It's awesome stuff!
So the guy is 72 and has 1.8 million in savings. Collecting social security no doubt. Unless his intent is to leave money to heirs, he probably saved *too much*.
Been a plumber since I was 12, dad is a union plumber. I not in the union by choice, but I am not tied down by rules. I'm still an apprentice, but make 17$ an hour.
Bahahahahahaha so wasting 4 years of your life on a piece of paper that cost you $80k to get a job that makes you 50k a year when I earn 500k a year running my plumbing business means that you should become a billionaire because you were suckered into paying 80k plus interest for a piece of paper? This statement is hilarious
Its not about just working hard, its about working hard and smart. There are plenty of people working 2/3 jobs and still cant afford to survive. This David guy is a horrible example of "if he can then everyone can" because being a plumber is a skilled trade, they are paid well. Also when people are calling for the rich to pay more in taxes they aren't refferring to the guy making 70k a year they are talking about the CEOs in these big corporations who are sitting around hoarding billions.
they are not helping or really allowing young people to become Plumbers today unless your dad is a plumber and carriers you. not here in the uk anyways
I don't have a problems with guys like David, but it's the CEO who don't really do anything, or the Directors of non-profits who makes millions of dollars, and you don't know why. Many of them work hard but a lot of them do not. They give themselves lots of bonuses while others are doing the real work.
jdstep97 So....CEOs are worthless trash who do nothing and get paid too much? Let's test your theory. Find a medium or large company (at least 100 employees) and ask them to hire you. Offer to take the job for 50% less of the current CEO's salary. If you are correct that CEOs provide no value, then the company should hire you on the spot because--after all--it doesn't take any knowledge of industry or critical thought to run the place and you'll be saving them a pile of money for sitting in the office chair doing nothing, and you'll do it cheaper than the current do-nothing CEO. Right? That's what you just said. If you get hired, come on back here and post the name and phone of the company so we can verify, and we can all agree with you that CEOs are overpaid do-nothings. Or, save yourself the time and admit that you have no clue what you're talking about when it comes to CEOs. I'm not holding my breath for either event to occur...not from someone who posts anonymously.
Why is David the 70yr old plumber with his $1.800,000 dollars in mutual funds calling this show for advice in the first place ? The advice he has been getting for the last 40 yrs must have been brilliant, now all of a sudden he doesn't know what to do ???? Really.... You are fucking kidding me !
***** Actually, it makes perfect sense. He's asking about how to properly manage percentages of wealth, which can be tricky. Managing $1,000,000 is a far different task vs. managing $1,000. I remember the first time I wrote a check for over $10,000. I could feel my pulse racing for about a minute. It was a BIG CHECK! I had to stop for a minute and really THINK if I was doing the right thing, because I knew how long it had taken to save up that money. I've written several checks that size since, and never had that reaction again. I imagine the first time I write one for over $100K, something similar will happen. Remember the first time someone handed you $10 and it felt like that was enough money to buy the world? It's all about degrees...each time you move into a new level things get more complex. This man was able to save up a lot of money, but now he's getting ready to start SPENDING that money. It's a different process. Seeking wisdom from a person who has "been there, done that" is great. I'd go further and ask FIVE people...it's a big responsibility. I hope you and I both get into the position this man is in some day. I don't think it's possible to convey the weight on one's shoulders until you're actually there.
I think people who always ask these questions are the ones who become successful. Even when they have the money. They say that you never stop learning.
+stripymccatpuss In my opinion, It's very important because the last 40 years were an unprecedented time for positive return on investment. After ww2 vast amounts of wealth were transferred to the US. Still to this day we have extreme wealth because of that time in history. In general, on average, you didn't have to do much to get good jobs and get ahead during that time period (yes there were hiccups at times but I'll talking about the aggregate). We live in a different globalized world now. Your house probably tripled in value (adjusted for inflation) if you lived during that time and the stock market had, for the most part, steady year to year gains. Things are more dynamic and chaotic now. We can't expect the last 40 years to repeat. Especially with high immigration which leads to stagnant wages and rampant govt spending. So its important.
