How to Manage Money as a Flat Rate Mechanic

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Title	:	How to Manage Money as a Flat Rate Mechanic
Lasting	:	15.06
Date of publication	:
Views	:	28 rb

What really sucks is when u make the 60hrs a weekyou live the 40hr wk life style and inflation hits and everything including rent goes up 20-30 and now you end up making 30hrs a week if youre luckythe slow times are becoming slower
Comment from : Fluffy Mexicanik

2004 making 15 an hour… now as a 2 year experienced tech you make 16 an hour Almost 10 years later… wow!
Comment from : TechThis

17 year Master/Expert volvo tech here I have since left the industry (thank god) and I am one of those techs that grossed $10k/month with minimal come backs and quality repairs That being said, being a flat rate mechanic should have died 20 years ago and I encourage EVERY young person to stay away from the dealerships, especially corporate dealers They are corrupt, bad benefits, and greedy I Look to start a channel soon explaining how this is true
Comment from : Dealership Tech Truth

Great advise for any entrepreneur or anyone in seasonal work The way the work world is now and is probably going, the gig economy is something that trades people have lived with for many decades
Comment from : South Hill Farm

Our own gov't doesn't even know how to manage money properly
Comment from : EDDIE LEAL

Wise man safe your money 💰
Comment from : dave Mercado

If you work for mavis discount tires you'll get evicted in the first month lol 🤣
Comment from : dave Mercado

living below your means is great advice for everyone no matter the career
Comment from : brent hann

NICE VIDEO MY DAD GAVE MY FIRST TOOL BOX THAT I STILL HAVE
Comment from : JORGE VILLANUEVA

I'm in a great environment I'm not the best but I just made it to flat rate There are 3 techs at my dealer that are doing 350 flat rate hours per month
Comment from : The C Spot

i love flat rate for many reasons brwhen i was hourly there is always the tech or shop foreman who wants to drain orbrbrthat guy you work with who gets pay hourly but doesnt help you but the shopforeman likes him because its his race or simply jiat likes him ❗️
Comment from : el el

Guys are making 70 hours a week? Dayumm
Comment from : PartyNextFloor

Whats the time frame for a new tech to go flatrate?? Thanks
Comment from : Nate Who

Very helpful video! I just started at my first dealership (Toyota) solid B tech after years at small shops so this is the real deal for me with flat rate no guarantee! Very nervous i just got hit hard today for getting paid 58 hours for a ac evaporator Any tips for dealing with this the labor rates get weird on some of our cars where you'd think it will pay good and doesn't What I'm asking i guess is is there a good method for catching up on flag hours when you get screwed on a job? I can't think of anyone that could have done that job in 5 hours Really bums me out when the techs next to me made a 50+ hour week and i got stuck at a 24-28 hour week cause i wasted 15 hours on a job that went south :/ Just looking for some ideas to make something good out of a bad situation
Comment from : Reptile_ Robby

💯😂👍 not somber
Comment from : autothisw0rld

Flat rate is obsolete
Comment from : Carlos Capellan

You are going to get that mess caught in a moving part
Comment from : TCAP Fan

Best way to manage your money is to first manage your career by getting out of the retail automotive repair industry It's really that simple
Comment from : TM “theasphaltgambler”

Screw flat rate, it’s all to take advantage of the tech Not to mention starting techs are incredibly underpaid now a days Left the dealership world and now work at a fleet hourly Never going back
Comment from : RSR619

Being a mechanic lol 😂 yea, the owners are very rich, you, not so much Heavy line tech? Ok Here, here's 35k Per year, you're my main guy lol
Comment from : No Games

Hi i have a question about a golf 7 the blows cold air on idle and hot when driveingbrbrWould be nice if you would replie
Comment from : nwaa92

That comment about the "slow dark times coming" did not age well
Comment from : DerpMan107

This was amazing! Glad I found this video, even though I'm not into this fieldbrbrThis is the advice I hope everyone lives with
Comment from : SensibleWheels

Budgeting is Raacest
Comment from : WST

I hate flat rate because I see bad mechanics making more money because they aren't given diag jobs and end up getting the easier jobs I also see more people shortcutting jobs and it pisses me off Also stay off the tool Truck that is a trap you never want to be in I ask for my tools without going on the truck, IF I need a tool from the truck When you can see it, you can rationalize buying it
Comment from : Tormented Penguin

how lucky with 15 bucks per hour here in the philippines a 15 bucks is a whole day in the job you can finish about 10 cars performing preventive maintainance if you want a helper on shop sir call me hahaha 5 dollars a hour will make me happy just kidding
Comment from : Bob Manabat

I wish I would have learned this when I first got into the industry
Comment from : MrTyphoon

Common sence? It looks like a real American problem
Comment from : j dekk

Preach!
Comment from : Drew Panipinto

Great Job!!
Comment from : dentasla

this is a good video ive been a line tech at audi for about a year i got promoted from used car (still flat rate) to line tech i make good money for my age and i blow through it i live with my parents so i’m okay but i need to move out and grow up slow season sucks and i’ve seen other techs stress out because they can’t maintain the 120hr lifestyle during slow seasons i don’t want to be like that this is very helpful once again thank you
Comment from : GrimySteph

What state you in?
Comment from : Dale Hall

80 of people I work with live beyond means, I drive a lorry in uk and repair cars for a hobby/ personal use in my spare time ( my farther always said “ if you haven’t got the cash you can’t afford it ) 😁💰💰🇬🇧
Comment from : john killick

I’m struggling with money as a first year Getting $600 pw AUD Two thirds go to rent
Comment from : K27R

Flare rate needs to be overhauled
Comment from : wubreactor

Tnx men, you are worth watching
Comment from : Cristian Winkler

Wow! I'm not a mechanic but have always enjoyed all of your videos I've watched This is a fantastic presentation for everyone starting whatever career one takes on Great job!
Comment from : Charlie Johnson

Dude, thank you so much
Comment from : Than Win

so what were the ups and downs working at a dealer? I am currently going to tech school and I really want a Job as an Auto tech, but for part time, do you recommend me working at a dealer for part time?
Comment from : Brandon Pena

This is just good money management, period Not just for mekaniks
Comment from : VTT Performance

So I know you’ve had a lot of b5 passats that being said, my rear doors intermittently don’t unlock with the remote any advice?
Comment from : Dylan Leszek

Speaking of buying yourself a new hatget those hats in the store!!
Comment from : salleluj

Live within your means
Comment from : kelvinhuayra

God I wish got told this before I got my self in trouble thank you
Comment from : Kieran Hough

Hi, br Have you ever seen a rocker arm snap in half on a 20 tdi ? My good friend had replaced a lot of the timing components and the engine seem run well but it happened to running on 2 cylinders Found on exhaust side rockers snapped in half So is there a good video somewhere 2015 20 tdi br Off topic I know Have a safe day
Comment from : jeffboyer39

Great advice as always, I'm one of the lucky people that is just naturally good at managing money no matter what and this is my mindset alreadybrAnother point I try to tell people, not necessarily about the money itself but hours documentation, is keep track of any and all work you do and document it Make a notepad or spreadsheet on your phone/pc and list all the work you perform and the book time for it Just simple stuff like a repair order number, car info, notes about the work performed and how much it's supposed to pay you Doing this I've caught more than one instance where something wasn't correct with my hours on the admin's side brGotta make sure you're actually getting paid for everything you do
Comment from : Jake Lyons

Eyes opend bro thank you 👊
Comment from : Roger Prestidge

Very helpful video Working for my self as a tec for the last 6 years Just out of the black for the first time in 6 years This is timely advice
Comment from : D D

I can’t understand what « flat rate » is, somebody can explain to me ?
Comment from : Léon Petit

Sing it brother!!! Even if only 1 person gets help from this video (series) it's worth it!!!
Comment from : RandomRon

Love it I’m currently in school to become a Technician
Comment from : Villagrans Pit Stop

First time watcher - outstanding delivery , Thank you for changing my attention direction !
Comment from : Trev Wyatt

Unfortunately we live in a time of "keeping up with the joneses" everyone wants flashy expensive things to show off and brag about, living beyond their means and getting into heavy debt, basically jeopardizing their financial well being, they just dont care, so when the fit hits the shan, its too late
Comment from : Bige4u

I'm thinking about buying an E82 N55 135i
Comment from : ̈

Great advice Charles, You are a good man:):)
Comment from : Pat Kelly

little irrelevant to this video But i really need your expert advice I own a 2010 mk6 golf with a 25l engine Recently iv been noticing a inconsistent tapping or knock noise It comes more from the right side of the engine (when looking into the engine bay "right") some days i won't hear it some days it will continue to tap away the car has 170k kms not miles anybodies help will be appreciated im freaking out a little bit
Comment from : Henrick Hooghoed

worst thing i did was go on the rape van and buy tools, 6 years later i still have some debt
Comment from : Yasmine Gotham

Sounds good but it only matters if u figure this out before ur sick dead or too old but thanks anyway better never than late
Comment from : Floodythesweat Switch

Great Advice I LOVED working flat rate! Feast or Famine, if you don't play it right
Comment from : Ted Bonbrake

This video made me uncomfortable bro lmao been there done that got laid off in april Absolutely blind sided not nice
Comment from : Russxm

Hello my friend brcan you help me how to register VCDS lite please i dont have any email or something like that Thnxa million times
Comment from : Lisi Hoxha

I have a rule: only 1 tool off the tool truck at a time, pay it off in one go, and don’t buy another tool from them until the credit card I used is fully paid off Keeps from getting buried in debt brbrWhich was very key this year: even thought I’m hourly, my paycheck was smaller because we went to a 4 day week And yet I still managed to put a lot of money into savings, because I cut spending to the bone Stopped having lunch at my regular restaurants, only spent money on bills, groceries, gasoline and parts to keep my 20 year old daily driver running, and of course the tools I need right now (not the fancy, neat-o tools I want)
Comment from : 300DBenz

Also for some sakes the tool box does not make the tech don't buy the biggest box you can no no no
Comment from : Puder McGavin

When I buy tools it's about 25 a week, no new purchases until paid off Only ect is specialist tools as long as not exp ones say a added socket or say stethoscope And I've been 20plushish years into it
Comment from : Puder McGavin

Thank you I love the advice! One thing as a content suggestion if it isnt already in the makings is taking care of your body in the shop I started at an independent shop about two months ago and granted not being in the best shape I go home some days feeling absolutely demolished Any tips for angles and posture while working would be super helpful!
Comment from : ItsDevinBro

Charles, you should hook up with Dave Ramsey You could do a project together on being smart with your money
Comment from : Ryan Scott

So well saidon all points Thanks for taking the time to make the video Our automotive culture (and culture in general) needs this
Comment from : Bottle Jack Buddy

I love this guy Learned so much with him
Comment from : Citrus farmer

Great video mate, never a truer word said👊
Comment from : TheAdenau

Hello how do you remove intake manifold on a 2011 malibu lt 24l thanks
Comment from : Nelson Garcia

Same thing in the aviation industry outstanding advice!
Comment from : Douglas Stewart

Wish I had money you do cause of the virus 🦠
Comment from : Brian Reese

Hope your shields 🛡 for corona and have a mask 😷 stay safe
Comment from : Brian Reese

What are you thoughts on let’s say being almost 30 and getting back into the business with a few years experience wanting to make a career Knowing interior work and light duty work such as brakes , hubs gas tanks and light electrical work Would you train him ?
Comment from : Joshua Fenton

The same goes for most jobs You have to budget as 40 hrs & don't always depend on overtime br Especially on a set up on hrs like mine 36 hrs one week and 48 hrs the next Thanks for the video and time you put into all of them (: be safe
Comment from : jeffboyer39

In summary: Live on less than you make and have a written budget every month
Comment from : The Better Way

Thanks Dad! WAIT! I'm probably old enough to be your old man! Great advice for all
Comment from : vonGTI

Currently working at Toyota in the parts department Hoping to move up into the Lube Tech position with the goal of becoming a Line Technician after that This video couldn’t have come out at a better time Thanks 👍
Comment from : Leon Chinea

The point about saving not being taught at home or school rings so true I was taught to save some portion of my earnings at home I found it odd that in school it was never even mentioned Saving should be part of the curriculum Possibly a year of an entrepreneur program Unfortunately school curriculums are not focused on making students a success in lifebrGreat vid Charles!
Comment from : David Sawyer

I’m not even a mechanic, it’s just a hobby, but this is a sound life lesson for all!
Comment from : Callum Able

The skill of managing money its a lost art, the new generations (Im 35 so dont look at me like a 80 year old grumpy grandpa) have a lot of excuses to over spend money, the most used these days where I work its YOLO or "thats why I work so hard" and every 3 or 4 weeks you get the young asking for a 100 or 50brI think also the patience in young people its almost gone, they want to be master techs in 3 weeks and workshop foremans in 3 months and get their own shop in 1 year, the goals are no real so when they cant accomplish those goals they say "this trade is sh*t, the foreman hates me, the company its squeezing me", most of the times when I get to work with an apprentice (if they last more than 3 months) I keep them off the tooltruck, I help them get their first tools and the ones are going to use weekly or daily, the get blinded by the latest scan tool thats like 10k but they dont have a 19mm spanner or caliper wind back tool
Comment from : Alejandro Gonzalez

Very good advice, I’m 18 fresh out of high school and currently have a Mk6 Gti Maybe golf r i’m drooling about can wait till after i finish at my tech school for my ase’s I can definitely afford a golf r ( not bragging) but i will have to buy a lot of tools now that i’m going to school Thanks for the tips Charles!
Comment from : Juan

why is it good to work 70 hours a week that's horrible
Comment from : 6Diego1Diego9

Definitely requires putting your opinions about flat rate on the shelf but great video bro!
Comment from : NonPlayerCharacter

600 torque wrench?
Comment from : 6Diego1Diego9

Excellent video Charles The whole series is so good and it is nice of you to do You are a real quality guy!
Comment from : Joe Fleming

Thanks so much for making this video This really is applicable to other people starting their careers as well I got a new car a week after starting my first real job, not as expensive as many other people buy in my situation, but I'm still kicking myself over the payment I really could have made some headway on my other debts like student loans, or credit cards from the wedding Thankfully I'm making good progress now
Comment from : Nathan Yost

26 years in the Business and let me tell you I wish someone Would have taught me that!! Thank You from a Volkswagen tech to another!!
Comment from : eduardo vazquez