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#5704 - 12/16/07 07:18 PM
Re: Lets talk take home pay
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Senior Member
Registered: 07/05/01
Posts: 951
Loc: Ontario,Canada
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Randy and I were talking about this the other day.Yeah,I wish I could make consistently $1500 a week for my labour...for a five day week,six even.I've had a hard time doing that this year. Me,I think that I should be able to get $50 an hour for my company and pay myself as a employee $40.Customers don't seem to feel the same way.At least,not around these parts. I have a hard time squeezing money out of rich people.Most of them have no problem buying expensive stuff but will squawk when they hear how much this guy in dirty workclothes wants for installing said expensive item. For me,this year has sucked as far as contracting goes.I think I've made between $27 to $30 average...just worked a lot to pay the bills.Still owe taxes from 2006 ...about $4200.I know my bills are high but I should be able to get better paying jobs at this stage in my career.It's time for me to promote myself better.Advertise,website and such. Sorry if I bummed anyone out.  :p
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#5708 - 12/18/07 06:29 AM
Re: Lets talk take home pay
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Senior Member
Registered: 08/07/06
Posts: 854
Loc: Pea Ridge, Arkansas
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I'm in about the same situation as Ron. By the time I take out expenses, it seems I'm working for bills. I did incorporate a few years ago and get a set salary no matter how much or little I work. Most of my jobs make around $50 per hour.
Over the past few months, though, I've looked at a lot of jobs, including a lot of remodels. I noticed that I was doing a lot of extras for little or no extra charge, and I decided that I wouldn't do that anymore. If someone decides to go with a cheaper contractor, I'll come back in a few months and repair/redo at an even higher price. At least I won't work myself to death for peanuts. There will always be some fly-by-night tile setter that can do the job cheaper, but the people will get what they pay for.
I don't get premium price for everything I do, and I still do some charity work when I can. I just don't believe a qualified tile setter should have to work for the same price as a hack.
Incidentally, Randy, I wanted to try the electrician thing years ago, but the training and schooling was so long, I let it go. Good luck with it.
_________________________
The top ten reasons to procrastinate: 1.
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#5709 - 12/18/07 07:50 AM
Re: Lets talk take home pay
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Senior Member
Registered: 10/16/02
Posts: 273
Loc: York Region
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It is long so the sooner for me the better. I'll be around 40ish assuming i stay working for 6 years straight in the apprenticeship. The plan is to be self employed again once I'm qualified. I can get a job tommorrow as a sheet metal worker in the Ottawa union, there is absolutley no one on the waiting list. Journeyman again is $35 an hour with benefits and pension. Pushing $50 an hour. Problem there is what do you do if you want to work for yourself again down the road. You dont see to many sheet metal only businesses. Lose your freedom of self employment of course. With proper investing pension money in 25 years I'd have half a million in pension. Won't have that doing this. Mind you I'm swamped with work now for a while but I know it will eventually end, Probably in the spring time. I'd prefer to get out when the getting good. I cant see myself crawling around on peoples floors when I'm 50 anyhow. Hats off to you older folks that are still doing it. ONe more thing. I stopped at a convenience store about a year ago and there was this refrigeration mechanic working there on a cooler. I would say he was pushing 70 still working. He could barely get into the back of his truck. JUst by looking at him you could be 99% sure that he had to be there, for whatever reason he was there because he had to keep working. I don't want to be like that at that age.
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