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Old 07-27-2014, 01:41 AM   #61
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Originally Posted by bryceraisanen View Post
In minneapolis union package is at 57 an hour. 32.88 on the check and the rest in benefits. I know a lot of union guys, all of their shops are 94-99 bucks an hour. Theres been a lot of water cooler talk as to who is gonna be the first company to break the century mark.

I had a good week of breaking the century mark. Too bad you don't get those weeks all the time!
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Old 07-27-2014, 02:22 AM   #62
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I had a good week of breaking the century mark. Too bad you don't get those weeks all the time!
Well first off, way to go!
second, I'm not talking about earning 100 per hour as I know it can be done quite handily. Im talking about openly admitting "on the street" to a customer that u charge over 100/hr to supply them with painters
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Old 07-27-2014, 09:52 AM   #63
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In minneapolis union package is at 57 an hour. 32.88 on the check and the rest in benefits. I know a lot of union guys, all of their shops are 94-99 bucks an hour. Theres been a lot of water cooler talk as to who is gonna be the first company to break the century mark.
Any idea what the sparkys and plumbers are charging?
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Old 07-27-2014, 03:29 PM   #64
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Any idea what the sparkys and plumbers are charging?
Not sure on the union side. But I got just a new water heater installed at my house by the local non union shop that runs about 12 guys. They charged me 90 an hour. The tech mentioned a couple things.... conversation ensued.... theyre payin him 22 an hour plus some benefits health dental 401k and two weeks vacation
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Old 07-27-2014, 11:55 PM   #65
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Well first off, way to go!
second, I'm not talking about earning 100 per hour as I know it can be done quite handily. Im talking about openly admitting "on the street" to a customer that u charge over 100/hr to supply them with painters

I don't think I'll ever get to the point in my career where I fan walk down the Street declaring i charge over a 100/hr

When I do make it it's die to being under budget or doing a small job where I had a minimum or being able to charge a surcharge for working certain hours
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Old 07-28-2014, 01:00 AM   #66
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I don't think I'll ever get to the point in my career where I fan walk down the Street declaring i charge over a 100/hr

When I do make it it's die to being under budget or doing a small job where I had a minimum or being able to charge a surcharge for working certain hours
Well maybe ur retiring this year or somethin? Nice to be ahead of schedule n under budget definitely! !

I thought I heard some guru claiming that prices double on avg like every 10 years or something.... remember, as long as the federal reserve keeps printing money, there will be inflation. As long as theres inflation (money loses value) it will take more dollars every year to buy the same goods/services. And u will have to raise your rates accordingly just to stay where u r. Sometimes u might even "double raise" em to weed out cheapy customers. Id say you'll be at a hundo b4 u know it
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Old 07-28-2014, 01:24 AM   #67
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Well maybe ur retiring this year or somethin? Nice to be ahead of schedule n under budget definitely! !

I thought I heard some guru claiming that prices double on avg like every 10 years or something.... remember, as long as the federal reserve keeps printing money, there will be inflation. As long as theres inflation (money loses value) it will take more dollars every year to buy the same goods/services. And u will have to raise your rates accordingly just to stay where u r. Sometimes u might even "double raise" em to weed out cheapy customers. Id say you'll be at a hundo b4 u know it

Maybe when 100$ only gets you what 50$ does now.

Even then people will balk about why paint prices are high.
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Old 07-28-2014, 05:46 PM   #68
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I typed this response in another thread that got into pricing...I'm thinking after reading this thread I should have typed it here. Just some food for thought & a wake-up call to those who are kidding themselves into thinking they are doing just fine...

I know I'm late to this discussion, but it is both interesting and confusing. Time & time again there are threads regarding pricing. There always seems to be more or less 2 sides. The guys who are striving for mediocrity and the ones who are defending what seems by some to be very high rates. Of course, being the internet all the numbers can be taken with a grain of salt and yes as some mentioned it can turn into a pissing contest.

I will say this though. How many of you are really going to be set up for a decent retirement? I mean really look in the mirror. This business is a tough one physically. For those who spend most of their life in the field it can take it's toll. Figuring on working and being productive until 65 for many, unfortunately will be a long shot. I hope those who are defending "lower" numbers have substantial disability policies-especially if you have a family to consider. A policy that will replace your income does not come cheap.

I realize cost of living is regional, but if you would like a $90,000/year income in retirement(pre-tax) and figure on working till you are 65 you would need to buy approximately a 1.5 million dollar annuity to accomplish that goal. I am certainly not saying that an annuity is the best way to fund retirement, but I am just using that simple example to make a point. Also obviously, if you think you would need $45,000 a year in retirement than the amount of the annuity would be in the $750,000 range. Also keep in mind that again obviously, if you plan to retire prior to age 65 the amount you would need would be greater respectively.
Please don't attack the actual numbers. I am no financial planner, but I am just using this VERY, VERY basic example to make the point. How many of you have or are on track to have this covered? If you can do it at $50/hour that is great. If you need $80 that is fine too. I doubt your gonna accomplish it at $35. Your numbers have to take these things into consideration. It is not about just making a decent days pay and being able to afford a nice vacation or a new truck. That is chump change compared to what lies ahead.

In the area I operate I have teachers retiring with $90,000/year pensions with healthcare at age 58. I have police officers retiring many times with almost twice that much by age 50 with healthcare for the rest of their lives. I was talking to a UPS guy I know and he told me he had close to $500,000 in his 401K.

That being said, we are all influenced by the markets in which we operate. In markets that are more competitive it is going to be difficult to get the better numbers consistently & achieve these goals in todays day & age in this industry...but that doesn't mean you should stop trying. The point is that this is our life and the path we have chosen. If you accept mediocrity and don't adequately plan for the future you are gonna be hurting.
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Old 07-28-2014, 08:36 PM   #69
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Sounds very low, especailly fairfoeld county.
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Old 07-28-2014, 08:41 PM   #70
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What he said. So much wisdom in those words Cliffk. I try so hard to think exactly as what you say. It is so hard in this business to get there. But I will never stop trying. What makes it so hard is your competing with guys that are quite frankly living hand to mouth most days. Its very hard to find a sweet spot. Then even when you think you got it figured out bammm the market crashes in 2000 and pooof !!!!!! thier goes the stocks you invested in for retirement. So Then like everyone else you buy into that old axiom that you can never lose money in real estate. Guess what? Pooof!!!!!!!! in 2006 there goes the real estate you invested in for your nest egg. A crash like never been seen since 1929. Now it's climb out of that hole time again and time again. And your competing again against people that are doing way worse than you. Its sad. And as you near retirement as I am. I hear a guy say yesterday. " How come we always hear about Social Security running out of money, but we never hear about Welfare running out of money". " And one is paying for the benefit. But the other is not" HMMM! Then today I have man lay out. Why? I ask. Because he has to register his newly arrived kids from south of the border for school today. Kids he has not laid eyes on in 3 years. I'm sure Social Services was his next stop after shcool. So now they are sucking our tit. This country, this business is a mess I tell you. A real freaking mess. As you can tell I have had a very bad Monday. Not LOL!
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Old 07-29-2014, 09:28 AM   #71
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What he said. So much wisdom in those words Cliffk. I try so hard to think exactly as what you say. It is so hard in this business to get there. But I will never stop trying. What makes it so hard is your competing with guys that are quite frankly living hand to mouth most days. Its very hard to find a sweet spot. Then even when you think you got it figured out bammm the market crashes in 2000 and pooof !!!!!! thier goes the stocks you invested in for retirement. So Then like everyone else you buy into that old axiom that you can never lose money in real estate. Guess what? Pooof!!!!!!!! in 2006 there goes the real estate you invested in for your nest egg. A crash like never been seen since 1929. Now it's climb out of that hole time again and time again. And your competing again against people that are doing way worse than you. Its sad. And as you near retirement as I am. I hear a guy say yesterday. " How come we always hear about Social Security running out of money, but we never hear about Welfare running out of money". " And one is paying for the benefit. But the other is not" HMMM! Then today I have man lay out. Why? I ask. Because he has to register his newly arrived kids from south of the border for school today. Kids he has not laid eyes on in 3 years. I'm sure Social Services was his next stop after shcool. So now they are sucking our tit. This country, this business is a mess I tell you. A real freaking mess. As you can tell I have had a very bad Monday. Not LOL!
The most common misconception re: SS.
What you are paying for is the current retirees benefits on the hopes that under a 'social contract' (lmfao) future generations will cover yours on an equal basis.

Perhaps the greatest Ponzi scheme ever perpetrated upon mankind.

You have now entered 'The Entitlement Zone'.
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