261. From Pay to Wealth: Financial Discipline, Lifestyle Creep, and Trade-Based Wealth Building
On this episode of CFO at Home, Vince talks with David Kennington, an author with 30+ years experience working as a tradesman, about trades as a viable path to making and building wealth, David explains how credit cards and lifestyle creep can quickly push tradespeople beyond their means, and notes that trades and technical training often include little financial education, making discipline and understanding the psychological side of spending crucial. They also discuss emotional attachments that drive bad financial choices, the role of spouses and clear communication in correcting ·financial misbehavior,· and how overtime or higher-paying jobs can help pay down debt only if intentionally paired with a plan. Learn more about David and his book, Tradies Earn While You Sleep, at tradiesearn.com
02:05 Trades and Money Burnout
02:38 Credit Cards and Discipline
04:26 Lessons From Mentors
10:17 Knowledge vs Psychology
11:53 Emotional Spending Stories
15:03 Couples and Money Talks
19:18 Overtime and Lifestyle Creep
21:51 Boosting Income and Investing
28:05 From Pay to Wealth Podcast
32:20 Websites, Book and Resources
34:54 Final Takeaways
Key Links:
Contact the Host - vince@thecfoathome.com
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