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Bobcat Skidsteer Forums
General Bobcat Skidsteer Forum
hourly rates?
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<blockquote data-quote="jklingel" data-source="post: 38551" data-attributes="member: 1409"><p>By "(2) You should also look at investing (safely) the $50K instead of spending it on a machine. That could easily be another $3K/yr out the door", I was referring to investing the $50K in relative safe investments and getting a day job working for someone else. Sometimes people forget about that little issue of letting their money work for them, instead of just them working for them. If you have $100K stuck into equipment (or, worse yet, borrowed) you have to earn your first (approx) $6K just to be where you would have been if you had put the money into a safe investment. That may mean your first two months of work, which is depressing. I had to laugh when a tech showed up at a friend's house to tune/clean his boiler. He had a van, a vacuum cleaner and a tool box, and after 1 hour charged $250. So a guy should show up w/ $100K worth of equipment and charge $60-80 for an hour? Hmmm.....</p></blockquote><p></p>
[QUOTE="jklingel, post: 38551, member: 1409"] By "(2) You should also look at investing (safely) the $50K instead of spending it on a machine. That could easily be another $3K/yr out the door", I was referring to investing the $50K in relative safe investments and getting a day job working for someone else. Sometimes people forget about that little issue of letting their money work for them, instead of just them working for them. If you have $100K stuck into equipment (or, worse yet, borrowed) you have to earn your first (approx) $6K just to be where you would have been if you had put the money into a safe investment. That may mean your first two months of work, which is depressing. I had to laugh when a tech showed up at a friend's house to tune/clean his boiler. He had a van, a vacuum cleaner and a tool box, and after 1 hour charged $250. So a guy should show up w/ $100K worth of equipment and charge $60-80 for an hour? Hmmm..... [/QUOTE]
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Bobcat Skidsteer Forums
General Bobcat Skidsteer Forum
hourly rates?
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