Students around the country are beginning to question whether an advanced degree is worth it as the expense of education has progressively increased over the last several decades.
While the evidence demonstrates that obtaining a college diploma leads to higher lifetime incomes and reduced unemployment rates, prominent business leaders have openly advocated for a different option: trade school. “The truth is that there are several trade schools that can help you make a lot more money.”
“A plumber makes a lot of money.” Even in a downturn, everyone needs a plumber, he argues. “Every building on Earth desires to have running power and plumbing… These are professions that can help you provide for your family indefinitely.”
How to Become a Plumber
Many plumbers have engineering credentials, and the wealthiest plumbers are more correctly classified as company owners who, after working as plumbers for several years, created their own companies that employ multiple plumbers.
Importantly, the cost and quality of trade schools vary widely, affecting the amount of return on investment in a trade school. Many public institutions offer cheap options with low costs that are difficult to beat, whereas for-profit programmes can frequently be more expensive than traditional colleges.
For example, tuition and fees for Apex Technical School’s 30-week undergraduate certificate programme in plumbing and pipefitting are $17,816 plus $590 for books and materials. According to the New York-based programme website, students graduate with an average debt of $11,150 and make monthly loan payments of roughly $115 with a 4.45 per cent interest rate.
A Plumbing Technician’s Process
Many plumbers have system experience, and the wealthiest plumbers are sometimes more accurately classified as advertisers who, after working as plumbers for many years, start their businesses that employ other plumbers.
Significantly, there is a wide range in the cost and quality of trading colleges, affecting how much the fresh new go back to the investment in exchange university scan frequently cost more than traditional universities, even though many public universities offer a reasonable selection with reduced costs.
For example, Top Tech School’s 30-day undergraduate certification programme in plumbing and pipefitting would set you back $17,816 in tuition and fees and $590 in courses and supplies. According to the website of the new York-based programme, one to students who have $11,150 in debt and pay monthly loan fees of roughly $115 per month with interest rates as low as 4.45 per cent.
Job Prospects in the Plumbing Industry
All home service professionals were affected by the epidemic. Many tradespeople could not enter households safely or consistently due to social distancing regulations, stay-at-home orders, and economic instability.
Despite these challenges, the plumbing sector has continued to thrive. Many plumbers could handle the pandemic successfully and earn an average annual salary of $50,000.
· Expanding Your Plumbing Company
Even though the research indicates that many plumbing jobs will become available in the next years, the employment market will likely grow more competitive. Just around half of all plumbers work for more than two years.
With such a high turnover rate, younger plumbers trying to start a business or master plumbers looking to expand an established one need all the help they can get.
As the plumbing market gets increasingly saturated, strong field service management software will become a crucial tool for running a profitable plumbing business—and rising above the competition.
This type of software allows plumbers to plan new projects, dispatch their teams, and manage their finances with ease and speed unmatched by pen and paper.
· The Millionaire Plumber Rob
Rob is a real Housecall Pro customer who exemplifies how lucrative a plumbing career can be. Rob, the owner and operator of Good Guy Plumbing in Torrance, California, knew he wanted to be an entrepreneur since he was a child.
He confesses that he “couldn’t do that working for someone” because he “thinks of a million different concepts and has a vision for something great.”
Rob has always had a knack for running a business. While in college, Rob and his father owned and operated a car dealership, which exposed him to the world of entrepreneurship.
Rob’s father suggested he explore the plumbing industry after graduating from the University of Southern California with a degree in Business Administration.
“After considerable consideration and genuinely studying the industry,” Rob admits, “I felt there was a tremendous possibility if I sold it effectively.” He learnt the technical aspect of the trade from his father, a plumber, and studied the marketing and operations of other businesses in his neighbourhood.