Barber Hacks: 1 Simplistic Piece of Financial Advice In Case Of Emergencies

Barberhacks is here to help you sort out how to barber better, and more intelligently, through the gaze of a guy working 16 years in the hair industry.

EMERGENCIES


It has been a couple weeks since I’ve written a blog and it has been a very busy couple of weeks for me. My father had a massive heart attack, a 7 out of 10, or so the doctors have told me, one that could have killed him.

Through luck and an amazing health care system in Canada, he has survived, although he is recovering from open heart surgery, a quadruple bypass.

I took a week off of work to be with him during this time, and it was a stressful and trying time for me, I am still recovering from the amount of stress that I put my body through.

What does this have to do with barbering?

To me, it points out something important that every barber should be aware of, the fact that you are only making money as long as you are behind the chair, or at least if barbering is your only gig, and you aren’t a barbershop owner.

MONEY MANAGEMENT ADVICE

I don’t own a barbershop, I have made some poor money management decisions in my life, and I have just surfaced from a somewhat major amount of debt that I have had for the last 7 years.

So perhaps you don’t want to be taking financial advice from me, or perhaps you do. I have paid off my debt, and after this year of taxes will be working completely in the black.

Add to that, I’ve shifted how I look at money lately, and am looking to play this game with my head above water for the first time in my life. I’ve made my money mistakes, and I want to pass some advice on to others.

CONTRACTORS

So, to those of you that are contractors, here is a piece of advice that I want to pass along to you; before you buy a car, before you invest in a piece of property, quietly tuck away 3 to 6 months of your wages as an emergency fund.

Don’t invest this money, just keep it in a simple savings account that allow you to keep the money as available as possible.

THE REASON WHY?

Well, your father may have a heart attack, and you may want to spend some time with him during his stay at the hospital.

Your employer might run the business into the ground, leaving you without a job.

You might injure your hands in a bar fight, or while playing sports, or during some other ridiculous accident.

The last thing that you want to do is to be without during a time of duress and stress. Make this fund a priority, setup your budget to include it, and know that when you go through a hard time that you will have the ability to take care of your people and yourself.

IN CONCLUSION


Quite simply, put aside 3 months of your wages and sleep soundly knowing that you have your own back during hard times.

Wishing you and yours a healthy happy week,

Until next week (barring any emergencies),

CROWBARBER

Here are the videos that I edited in the CARDIAC ICU waiting room.

Follow me on Instagram: https://www.instagram.com/crowbarber



Donate to help the channel: paypal.me/crowbarber


To buy tools that I use:


Andis Slimline Pro LI: https://goo.gl/1thWmp

Andis Fade Master: https://goo.gl/uDfGaf

Andis Two Magnet Purple Guards: https://goo.gl/aP6ANf

Wahl Cordless Senior: https://goo.gl/RE6DpH

Wahl Cordless Magic Clips: https://goo.gl/QStXWj

Wahl Five Star Senior: https://goo.gl/2UySF9

Wahl Professional Guards: https://goo.gl/GLJ627

Andis Profoil Shaver: https://goo.gl/KgtRfC

Andis Fade Master Blade: https://goo.gl/ngfwNS

Velecta TGR Tempo Blowdryer: https://goo.gl/nJD4zN

Denman Paddle Brush: https://goo.gl/c4HBJK

Denman Vent Brush: https://goo.gl/uijkGi

Denman Cutting Comb: https://goo.gl/qQf2qZ



Films Made With:


Canon 6d: https://goo.gl/6LsEV6

Canon 50 mm 1.8: https://goo.gl/YZyahs

Pixel 2: https://goo.gl/jRijen

Filmic Pro App for Android

Blue Yeti Microphone: https://goo.gl/euWEmB

Neweer LED Studio Lights: https://goo.gl/V5Hnhx

iPad Air 2 128 GB: https://goo.gl/nth4Pp

LumaFusion On iPad









Comments

  1. This would go for anyone, in any profession.

    Have that 10+ year old Toyota Corolla that's all paid for.

    Brown bag it for lunch or at least know a good cheap taco truck.

    Get in shape and stay in it (low-carb diet will do that) then if you're a lil' bit country, nothing beats Wrangler Pro Rodeo jeans. If that's too country, Carhartt makes great business/casual/barber(?) pants.

    Keep a record of what you spend, on what. You may be spending $900 a month on "nice" food at Starbucks because why not? You're a money makin' barber! Well, you can cut down to $300 a month and save that extra $600 a month, save'n'save'n'save.

    I could go on but ... I'm not a barber! I just touch up the front of my $10 haircuts I get from middle-aged Vietnamese ladies.

    ReplyDelete

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