Ryan

HVAC tech turned operator. Im buying the business I did my apprenticeship at. Stay tuned

[Ryan @ryanbuse2]

@StrongpointRich @pinpulleddrmf I am a bit jealous Rich. I bought https://t.co/chCsqFgLNZ a while back with this same business in mind.

It’s taken a back burner for now. Maybe you’re interested in the domain name?

[Jon Wu @jonwu_]

It seems unintuitive that a small 25 basis point interest rate hike in Japan would spike all risk assets, including tonight's -20% $ETH candle.

But you need to understand the way the carry trade works:

It's a leveraged unwinding.

[Ryan @ryanbuse2]

How much do you think about work on down time?

I do some of my best thinking on relaxing lake days like these.

The idea isn’t to unplug but to get clear.

I used to fight off thoughts about work on downtime out of principle, but it’s unproductive.

Better off closing the loop and getting the juices flowing.

[Ryan @ryanbuse2]

Trading Post:
First ever 4 figure day! P/L: +$1044.50
Sorry guys I had to end the rally on $LCFY, as soon as I hit the bid with my 100 shares it tanked lol. Caught the offering on $VLCN with half size which was huge.

Did this while on a zoom call for a heat loss/gain course I need for the hvac biz so it was a productive day.

[Ryan @ryanbuse2]

Sure, the joy of seeing savings grow from compound interest is real, but there’s something about taking a big wad of cash and betting on yourself that feeds the soul.

[Ryan @ryanbuse2]

@SMB_Attorney @smblawgroup Yes please! Thanks

[Ryan @ryanbuse2]

@awilkinson Starbucks shaking in their boots rn

[StripMallGuy @realEstateTrent]

I’m sorry.

Buying a home isn’t buying an investment property.

I know many tell you it is.

They have an incentive to do so.

It’s really not. It’s a consumer good.

I’m sorry.

[Ryan @ryanbuse2]

@WilsonCompanies Quick! Long $HD Now! Short local plumbing shops! lol

[Ryan @ryanbuse2]

Interesting to think about

Have you heard of the Lindy Effect?

In this context meaning that the longer a business has been operating the more likely it will continue to do so.

Ex: A cleaning business has been around for 10 years, there is a high chance it would be around for another 10 years

Whereas a brand new business is more likely to fail

I don’t have data on it but it seems reasonable

[Ryan @ryanbuse2]

@LuckyHVACGuy With you there, the apprenticeship model is always going to be a great way to learn a skill

[Ryan @ryanbuse2]

This has not been my experience. Most old timers in the trades I’ve met are super chill and willing to teach you if you show initiative.

Thoughts?

[Ryan @ryanbuse2]

Many people would be happy with what Mitch is talking about.

A lot of people don’t realize how attainable it really is.

There are plenty of ppl highly skilled at their craft but they lack the business knowledge to successfully offer their services.

If you want to do this, start with the end in mind and learn skills like marketing, basic accounting, and sales while you complete your professional training.

You will be ready to go on your own much sooner and more successfully.

[Mitchell Baldridge @baldridgecpa]

People love to knock lifestyle businesses where you ‘own your own job’

I have met hundreds of people over the past few years that make >250k, set their own schedule, and mostly do work they like

Is that something we should look down on?

[Ryan @ryanbuse2]

I thought this way too originally. I never wanted to get a trade because I thought it was a lesser outcome.

However, being a broke college student changed my mind, and I quit my accounting program to get my hvac license. No regrets about that at all.

I actually think I am further ahead now than I would’ve been otherwise.

[Ryan @ryanbuse2]

@SMBengineer @SMB_Attorney Plumbers provide more value overall. Time sensitive, high pain point, needed asap, les people willing to do it.

It’s not really comparable imo

Not saying engineers aren’t valuable

[Ryan @ryanbuse2]

@SMB_Attorney Everyone here commenting that plumbers don’t make $200hr have a point but regardless the plumber has no debt AND will still make more than an accountant.

But if you’re soft stay in the office.

[Ryan @ryanbuse2]

@LuckyHVACGuy @homeservguy Journeyman service techs can make $50+ hr easy though

[Ryan @ryanbuse2]

@LuckyHVACGuy @homeservguy Yeah there is definitely some that make more here but I’d say average is $35hr for an installer. With ot you can make more. And I’m taking non-union

[Ryan @ryanbuse2]

If you’re willing to work hard and sweat a little, there is money to be made in the trades.

Also, learning an online skill while you complete your trade is the ultimate hack.

Can pivot later if the trades is not your thing, or at the least it can become a side income.

[Wall Street Mav @WallStreetMav]

College vs Trade School …

Wife points out the differences between her (Masters degree) and her husband (High School, then Trade School)

It’s worth everyone thinking about and have that discussion with your kids. College is not necessary.

🔊 … 🤨