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Electrician / Real Estate Investor..... Read the new book and now what!? - MINDBLOWN

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Ztrem

New Contributor
Aug 21, 2019
2
3
Hey!

I am a 31 year old Electrician / Real Estate Investor in Canada.
I got into the trades because growing up I was always told that is where the money is. Followed the "Save your money and buy real estate"

Now in some circles I might be considered slightly successful but after reading MJs new book my mind is blown.
After reading MJs new book my mind is blown and I wish I had something like this when I was 20. A lot of my programming needs to be changed and re programmed. I thought the idea of making $50 an hour was success but this book completely changed that.
A) In my profession if I am not physically performing the work I dont make any money.
B) Limited earning variables. MAX 12 hours a day, MAX $100 an hour.

Real estate has been amazing for our family but again not a fastlane business and really not the best allocation of my resources.

I am curious if there are any other tradesmen who have read this book and had success creating fastlane businesses?

Appreciate you all!

Zack
 
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Mathuin

Provide Relative-Value or Die Trying
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Dec 20, 2020
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Welcome Zack!
 

WJK

Legendary Contributor
EPIC CONTRIBUTOR
Speedway Pass
Oct 9, 2017
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5,321
Alaska
Hey!

I am a 31 year old Electrician / Real Estate Investor in Canada.
I got into the trades because growing up I was always told that is where the money is. Followed the "Save your money and buy real estate"

Now in some circles I might be considered slightly successful but after reading MJs new book my mind is blown.
After reading MJs new book my mind is blown and I wish I had something like this when I was 20. A lot of my programming needs to be changed and re programmed. I thought the idea of making $50 an hour was success but this book completely changed that.
A) In my profession if I am not physically performing the work I dont make any money.
B) Limited earning variables. MAX 12 hours a day, MAX $100 an hour.

Real estate has been amazing for our family but again not a fastlane business and really not the best allocation of my resources.

I am curious if there are any other tradesmen who have read this book and had success creating fastlane businesses?

Appreciate you all!

Zack
What can you do with what you have learned through your trade?

Are you a union man or an independent contractor? a contractor? what is your situation?

What tool(s) can you invent that you wish you had out in the field?

What service(s) could you use out in the field?

What did you learn in your RE investments? How can you pivot that into a "sister" business?

How can you go forward from here?
 

Gtp

New Contributor
Read Rat-Race Escape!
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Jan 8, 2022
11
8
I am asking the same from myself.

I am selling time and don't want to sell more of it.
 
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WJK

Legendary Contributor
EPIC CONTRIBUTOR
Speedway Pass
Oct 9, 2017
2,345
5,321
Alaska
I am asking the same from myself.

I am selling time and don't want to sell more of it.
Maybe you will want to sell a percentage of other people's time? Try being a contractor?

We have a plumbing contractor here in town. He has a real going business. I buy a lot of plumbing supplies from his little store. He's selling a whole bunch of guys' time to fix plumbing. And he has managers who run his business. He started in the apartment above the store in the middle of his shops and work yard. I know he must be worth a few million dollars just from his business.

We also have a doctor who has a bunch of side investments. He has his fingers in many different investments that he funds through his practice.

Both are good examples of a productocity.

But it sounds like you want more -- like the people in MJ's book who made multi-millions in a short time frame.
So, your response is that you no longer want to sell your time? You may want to get a side gig going first. Then you can spread your wings and test your flying skills before you jump off the cliff????
 

MJ DeMarco

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Welcome, I think the trades are a great opportunity for someone who wants to transition from owner and laborer, or operator and manager.

Great to have you.
 

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