Hear from 3 shop owners that provide financial education for their employees. Setting our employees up for success in life goes beyond signing paychecks.
Watch the Episode on https://www.youtube.com/watch?v=-tZ83Ag4GkI (YouTube)
John Gustafson, Gustafson Brothers, Huntington Beach, CA. John’s previous episodes https://remarkableresults.biz/?s=%22john+gustafson%22 (HERE)
Russell Crosby, Russ’s Wrench Auto Repair, Clinton, NJ. Russ’s previous episodes https://remarkableresults.biz/?s=%22crosby%22 (HERE)
Shawn Gilfillan, https://www.automotivemagic.com/ (Automotive Magic), Kenvil and Lake Hopatcong, NJ. Listen to Shawn’s previous episodes https://remarkableresults.biz/?s=%22shawn+gilfillan%22 (HERE)
Key Talking Points
Orientation at John's shop- offer to sponsor each team member’s membership in the Dave Ramsey personal financial series if they choose to participate. John also offers whiteboard sessions to team members or groups of team members on Business Math and another session on Personal Math. The personal math includes the team member on the whiteboard listing their assets, liabilities, after-tax spendable income, expenses, cash flow either pos or neg, 6-month reserve, and investment savings buckets.
Mentor/mentee thought process- the owner is the mentor
Lunch and learn with financial advisors, mortgage broker etc
$100 a month invested at 25 years old, by the time you retire it will be about 1,000,000
Getting the partner/spouse involved is key
Transparency with business financial numbers
Employees sharing with others how the Dave Ramsey Progam has helped
The stress that is lifted when you can create your budget to be workable
Social media impact- keeping up with the jones’
Getting ahead of debt with the debt snowball- paying off debt in order of smallest to largest. When the small debt is paid in full, you roll the minimum payment you were making on that debt into the next smallest debt payment
Educating the younger generation- setting their future in a positive direction
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Check out today's partners:
Shop-Ware: More Time. More Profit. Shop-Ware Shop Management https://getshopware.com/ (getshopware.com)
Delphi Technologies: Keeping current on the latest vehicle systems and how to repair them is a must for today’s technicians. http://DelphiAftermarket.com (DelphiAftermarket.com)
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