Episodio 33

Summary

In this episode of 'El Dinero Podcast,' the hosts discuss the importance of various technical trades such as plumbing, carpentry, and electrical work. While these professions can be lucrative, the speakers highlight the lack of discipline and responsibility among many workers, which hinders their success. They explore how entrepreneurial individuals have leveraged this gap by creating businesses that connect reliable technicians to customers. Personal stories are shared, emphasizing the value of discipline and responsibility in achieving success. The episode ultimately underscores the potential of these skilled trades when approached with professionalism and organization.

Takeaways

• 😀 Skilled trades such as plumbing, carpentry, and automotive mechanics are often undervalued but highly lucrative if done with discipline.
• 😀 A key difference between professionals and technicians is that professionals typically follow more structured paths, while technicians rely on practical skills.
• 😀 Many technicians, like electricians and plumbers, could earn significantly more if they were more disciplined and organized in their work.
• 😀 A successful technician might only work until they've made enough money for the day, potentially leaving work unfinished and limiting their earnings.
• 😀 A technician who adopts a strong work ethic and sticks to a full day of work can generate far more income than someone working irregularly.
• 😀 Customers often prefer service providers who have a network of reliable professionals, as they can ensure the job gets done even when an individual worker fails to show up.
• 😀 There’s a growing market for service managers or entrepreneurs who coordinate teams of technicians, handling multiple service areas like plumbing, electrical work, and home repairs.
• 😀 The lack of discipline in some technicians has given rise to a new business model where service providers coordinate various professionals, ensuring responsibility and continuity in service delivery.
• 😀 While technicians may have a high earning potential, they often squander opportunities due to personal habits like drinking or not maintaining a consistent work schedule.
• 😀 There’s a significant market for home-based and specialized textile services, like making curtains and custom fabrics, that are relatively easy to start but require attention to detail and punctuality.

Q & A

What is the main theme of the transcript?

The main theme of the transcript revolves around the value of technical and trades professions, particularly those in services like plumbing, carpentry, electricity, and automotive mechanics, and how discipline and organizational skills can lead to significant financial success in these fields.

Why are some technical professions like carpentry considered difficult?

Carpentry is considered difficult due to the complexity and skill required to work with wood, as well as the importance of finding reliable professionals in this trade. The transcript highlights the challenges in finding trustworthy carpenters who deliver quality work on time.

What is the issue with many technical professionals, according to the transcript?

The issue with many technical professionals, as discussed in the transcript, is their lack of discipline and organization. They often fail to manage their work efficiently, which results in missed opportunities to earn more money or expand their business.

How can technical professionals improve their financial success?

Technical professionals can improve their financial success by becoming more disciplined, organized, and consistent in their work. By establishing a solid work ethic, managing time efficiently, and ensuring reliability, they can increase their income and grow their reputation.

Why does the speaker mention the importance of an 'entrepreneurial' mindset for some professionals?

The speaker mentions an 'entrepreneurial' mindset to emphasize the idea that individuals who manage a network of skilled technicians, even if they don't have the technical skills themselves, can succeed by acting as middlemen. These entrepreneurs are able to provide reliable services by coordinating various technicians, building a brand, and offering a guarantee of quality.

What is the role of women in certain service industries, according to the speaker?

According to the speaker, women tend to be more willing to pay for quality services in industries like home décor and textile manufacturing. They are less likely to haggle over prices compared to men, especially when they desire high-quality work, such as custom curtains or home interior textiles.

Why is the evanista (carpenter) considered one of the most difficult technical professions?

The evanista (carpenter) is considered one of the most difficult professions because it requires significant skill in working with wood and other materials, and because the quality of work is often not easy to find. The transcript suggests that carpenters are harder to find compared to other technical workers like electricians or plumbers.

What example does the speaker give to illustrate the challenges of finding a reliable technician?

The speaker gives an example of their own experience in renovating a house. When they needed a carpenter, the mason could easily recommend plumbers and electricians, but when it came to carpenters, he admitted not knowing any reliable ones. This demonstrates the challenge of finding trustworthy professionals in certain fields.

How does the lack of discipline affect technicians' ability to earn more?

The lack of discipline causes technicians to miss out on more earnings because they often work irregular hours and fail to manage their time effectively. For example, an automotive electrician could potentially earn a lot more if they worked consistently from 8 am to 6 pm, but instead, they might earn less by working haphazardly and stopping once they reach a certain amount of money early in the day.

What does the speaker mean by 'discipline' in the context of technical professions?

In this context, 'discipline' refers to the ability to work consistently, manage time effectively, meet deadlines, and maintain a strong work ethic. Technicians who lack discipline often fail to complete jobs in a timely manner or may underperform, which affects their income and reputation.