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ChooseFI | Financial Independence Podcast

103 | The Trades Path to Financial Independence

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Investing, Business, Careers

4.85.2K Ratings

🗓️ 26 November 2018

⏱️ 55 minutes

🧾️ Download transcript

Summary

Most financial independence surveys don't show electricians, plumbers, or carpenters — yet these tradespeople can earn $70+ per hour without student debt. This is the FI path hiding in plain sight. Tinian Crawford (Captain DIY) walks through the trades route to financial independence: how the apprenticeship process actually works, why networking with other tradespeople multiplies your income, and how to balance a day job with side gigs. The conversation covers starting pay versus long-term earning potential, the lack of financial literacy in the trades, and the flexibility that makes this career path particularly suited to FI. Chapters Introduction [00:00:00] The Value of Trades in FI [00:01:45] Tinian's Story [00:03:45] The Apprenticeship Process [00:11:10] Building a Network [00:32:00] The Hot Seat [00:44:24] Conclusion [00:54:30] Key Topics Why trades are underrepresented in FI communities Despite high earning potential, trades professions rarely appear in financial independence surveys alongside doctors, engineers, and lawyers. Tinian's career shift His path from graphic design to trades, and how labor experience reshaped his career trajectory. Becoming licensed The apprenticeship process, including pathways to licensure and balancing school with work. Financial literacy gap The lack of financial education among tradespeople and strategies to close it. Networking effects How connecting with other tradespeople creates job opportunities and collaborative work. Day jobs plus side work Managing full-time employment while pursuing side gigs to maximize income and flexibility. Notable Quotes "Starting pay in trades may be low, but income increases significantly over time." [00:20:04] "Tradespeople can earn a minimum of $70 an hour or more, depending on their skill level and demand." [00:04:13] "The more trades that I network with, the more jobs I get through them." [00:32:17] Resources The Simple Path to Wealth [00:49:55] Mad Scientist Podcast [00:36:30] Tinian Crawford (Captain DIY): diy2fi.com, Twitter @DIYCaptain Definitions Hindsight Bias: The tendency to see events as having been predictable after they have already occurred. [00:50:08] Apprenticeship: A method of training in which a novice learns a trade from an experienced worker. [00:11:12] Trades: Careers that involve skilled labor, often requiring specialized training and physical work. [00:30:38] ▶ Listen Next: Ep. 105 — You Can Afford Anything but Not Everything | Essential Listening

Transcript

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0:00.0

Your listening to Choose Applied Radio.

0:09.6

The blueprint for financial independence lives here.

0:20.4

If you're looking to unblock the secrets to financial independence and early retirement,

0:25.4

you're in the right place.

0:27.3

Stay tuned and join a community of like-minded people who are getting all fans to know and

0:32.3

taking control of their lives in the pursuit of financial independence.

0:36.3

Choose FI, your home for financial independence online.

0:41.9

Hello and welcome to the Choose Applied Radio podcast.

0:53.3

Today on the show we are going to be interviewing Captain DIY, also known as Tinian Crawford.

0:58.8

He is going to be helping us explore this trade's person path to financial independence.

1:04.1

And I think this is a fascinating conversation.

1:05.9

I've seen this survey posted in multiple communities.

1:09.5

I've seen it in the financial independence community on Reddit.

1:11.7

I've seen it on Mr. Money Mustache.com and on the forums.

1:14.7

And certainly I've seen it in our own Facebook group several times.

1:18.1

A survey trying to figure out what types of jobs are represented by the financial independence

1:23.1

community.

1:24.1

And unsurprisingly there are a lot of those jobs that seem to be highly represented.

1:29.0

Doctors, lawyers, engineers, teachers actually show up surprisingly high.

1:34.2

But one that doesn't seem to show up as much is the trade's craft, trade's persons.

1:39.8

It seems like it's a glaring oversight because there's so much opportunity here.

1:44.1

So today we wanted to circle back to that.

...

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