It’s very often that trades people live paycheck to paycheck or believe they have more money than they do and make purchases they really shouldn’t. Those boats, big trucks, and other toys always look so tempting and receiving that deposit check sure can bolster your bank account. That’s not where you should be making decisions from though. Actually knowing your expenses, how much money you really have in an account and holding back some retained earnings can change your life and your company. Everyone needs an F U bank account to bring them peace of mind and to allow them to bid from a place of confidence and authority.
Shane Hubenig has been a flooring installer for over 30 years in British Columbia. His father had a retail shop growing up and he spent time in the union. These days, Shane has his own company where he prefers to find high end residential remodel work. Along with a flooring company he has a couple of rentals and a multimillion dollar paint company with his brother. All of this has been funded by floors and money management.
Tune in to this week’s episode of the Floor Academy Podcast as Shane and I discuss why you need an F U bank account, some money management skills, and a little bit of patience.
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