Who knew there was a mobile welder right on this forum! Yes I think it will be more a side thing to supplement my full time income from my new job. I can understand why full-time mobile welders want the proper setup. It's so much faster and easier to work with lots of space, a strong work clamp, not needing extension cords etc.Jim wrote: ↑Fri Sep 01, 2023 6:22 pmCam, it's a joy for me to read through your journal, especially with your welding gig work. When I was in my 20s I did a fair amount of welding work. My close friend ended up making a very successful business out of what we started together in our mid 20s. though I chose another path. We started out with an old ford ranger and an industrial Airco 3 phase behemoth that took up most of the bed. I recall rebuilding the truck suspension so it wasn't such a hazard to drive around on. Nowadays, you can do so much more with a much smaller machine!
Don't let anyone tell you that you can't run a mobile welding outfit out of a car. Being able to get work by undercutting the going rate is a good way to cut your teeth, but not a great long term plan. The only other advice I have is to not be afraid to make very high quotes on jobs you think might get complicated. If people don't want to pay you for a tough job, and it might become stressfull, there's a good chance it won't be worth doing.
The last job was time and materials as the guy said he'd pay whatever to fix the splitter. I went into the repair knowing it was a cheap splitter, so I kept that in mind. I haven't actually needed to do a quote yet but I know it will come!
Thank you for the encouragement! And also thank you for the book recommendation. I finished up Refuse to Choose not long ago and wow was it ever a great read. It was so comforting to know that how I am is more than okay, it's actually pretty cool. And also to see different potential paths forward for me. It changed my perspective on the rising amount of contract work out there.grundomatic wrote: ↑Fri Sep 01, 2023 4:05 pmThe plumber I hired to fix what I couldn't said that he ran his plumbing business out of his Cadillac for 3-4 months until he saved enough for a work van, so such things aren't unheard of. Congratulations on the job!
As for other reading, I just finished up listening to the Dhando Investor on Audible for free. My oh my was that ever a good listen. It runs completely counter to most investing wisdom I have absorbed so far - mainly with the tag line "few bets, big bets, infrequent bets". It mentioned the Little Book that Beats the Market by Joel Greenblatt, which I read while I lived on the homestead in 2021. I might reread it. I have joined Value Investors Club and I'm having fun right now looking at companies on the 52 week low list. I think now that I have a good chunk of cash I could allocate a small percentage of it to a 'actively managed' portion of my portfolio. A percentage small enough that if I do mess up it won't hurt me much, but will also allow me to finally stray from indexed investing a bit.