In today’s episode we will be taking about money, the driving force of why many of us join the trades to begin with. The road to success as a professional carpenter has many stumbling blocks and personal finance management is undoubtedly one of them. 

A pre-Covid building boom led many, especially those new to our industry, to believe the good times would never end. However, our present situation illustrates how quickly circumstances can change. 

Without a sound financial plan, focusing on long and short term budgeting goals, many may find it difficult to keep their heads above water even with the substantial wages and benefits that the union provides for its members.

Our guest today is Jerry Auvil. Jerry is a retired member of the Local 146, as well as the former President of the Northwest Regional Council. 

Jerry will help us understand how to prepare for the feast or famine nature of our industry and why it is so important to build a solid financial foundation in order to better weather the unpredictable nature of our trade. 

We’ll begin our conversation by discussing the number one rule for generating personal wealth and why it is so important to implement it as a new carpenter.

Next, we will investigate the 3 different and distinct phases of financial concerns in a carpenter’s career. The transition from apprentice to journey worker and eventually onto retiree all carry their own challenges the inherent pitfalls. Knowing how to skillfully navigate each stage can definitely save you time and money along the way.

And we’ll end our discussion on finance management by giving you the resources needed to build your own personnel wealth strategy.

In today’s episode I have also included the famous movie quote “Show Me the Money” to highlight key points when they are made. 

Finally there will be an official “I’ve Got Grit” t-shirt drawing once this episode hits 300 downloads. To enter the drawing, send an email to [email protected]. with your count of the # of times “Show me the money” was used. 

Be sure to add your t-shirt size and local number as well.

Financial Management Resources

https://www.suzeorman.com/ 

https://www.daveramsey.com/ 

https://clark.com/

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