This is a tool truck company and this is exactly how it works. It's not some scam or MLM at all. The premise behind this is you buy a truck and tools and you sell on behalf of high quality tool companies, such as Snap On, Mac Tools or Matco to technicians st independent shops or dealerships. Most of the time these salesmen will work for someone that owns multiple tool trucks for an horly rate until they have saved enough to buy their own truck. In the same way a dentist works for a dental office long enough until they can save and open their own practice.
I bought tools from one of these guys over 40 years ago. I still have them. Problem is once you have a good set of tools you don’t need anymore. It’s a tough living.
This is a tool truck company and this is exactly how it works. It's not some scam or MLM at all. The premise behind this is you buy a truck and tools and you sell on behalf of high quality tool companies, such as Snap On, Mac Tools or Matco to technicians st independent shops or dealerships. Most of the time these salesmen will work for someone that owns multiple tool trucks for an horly rate until they have saved enough to buy their own truck. In the same way a dentist works for a dental office long enough until they can save and open their own practice.
I've never seen a tool truck parked outside a nice house. I've seen plenty of them parked for the night outside apartment buildings and small rentals. Might be an indicator of what the true income really is.
@@joesmith3590 not the trucks. I used to own a bread route. We didn’t bring the trucks home, we parked at the job location to receive orders and loaded up our trucks every morning.
Wait a minute, I'm a retired salesman of body shop tools and supplies. Did it for 20 years. Sold to repeat customers in VA & WV. My customers became friends because I was always honest, kept them informed, sold good products at good prices - good value. And made a good living.
Snap-on is premium, great stuff. I own a bunch of it. But, I've seen Snappy franchises take down several guys. I'd never do it. Same goes for Matco, Mac, Cornwell, etc, etc
You're right about the Snap-On price, but they are excellent quality. And the tool truck is a service to their customers. If I were working on a vehicle for one of my retail customers and needed something, having it there on a tool truck has value.
The techs get into lots of debt buying things off the tool truck. The young guy in the bay next to me was young and financed over $20,000 just into a big tool box. Just the BOX! My tool box I got from Lowe's on clearance for about $1000.
As a mechanic for 25 years, I would say that every job is probably really good as a hobby but once you do it for a living, it starts to suck a little bit mechanics top of that list for me
@@joesmith3590it is called programmed obsolescence, cars are designed to be replaced not repaired that’s why now they are more difficult to repair. Same happens with gadgets
He will only be a smart guy if he follows the advice Rachel and George gave him. If he ignores it and takes on the debt, he will be even dumber than a guy who didn't call.
dude who runs the youtube channel Franchise city just did a video about Snapon and Matco tools. Basically this type of franchise is a BAD investment and BAD idea
I was once young. I went to one of these companies that sold a dream. Selling fire extinguishers. They said I could easily make 6 figures. And all I had to do was buy the promo kit, and they would give me the leads. I was 18. Thankfully, I said no. But how can these people sleep at night lying and misleading people. Sociopaths I call them.
This is a tool truck company and this is exactly how it works. It's not some scam at all. The premise behind this is you buy a truck and tools and you sell on behalf of high quality tool companies, such as Snap On, Mac Tools or Matco to technicians st independent shops or dealerships. Most of the time these salesmen will work for someone that owns multiple tool trucks for an horly rate until they have saved enough to buy their own truck. In the same way a dentist works for a dental office long enough until they can save and open their own practice. They never target young people like it's claimed in this video, most of the time it's retired or semi retired technicians looking for a career switch
@Rome1017Lights And you would trust all that to a 19 year old with no sales or life experience. It's a scam and the kid was going to be a victim. Thankfully he called.
@@Rome1017Lightshe has to fork out 170k first (not 17k, not 70k) and with a loan, he needs to pay interests too! Unless he’s got a guaranteed customer base to offset this 170k or at least close to it, he will not be getting a salary for awhile. 😅
Man. Who is at the top of this tool hustle empire? All the workers get sold tools on $20,000 of debt by the truck owners, all the truck owners get their truck on $170,000 in debt…
I asked a similar question below. But unfortunately there is no shortage of BAD people with no character, no morals, no decency, and no respect that are willing to do it.
@@Judep4237 Very few student loans are that much. Average cost of an undergraduate degree is roughly 50k. You don't get into six figure loans unless you go to grad school.
This sounds analogous to the Cutco knife selling company... who pulls the same stunt for college kids. They make the kids buy their over priced knives to show other people. The profit for the company comes from selling the knives to the college kids... who almost never make a decent wage. The knives are way over priced. I have never met a college kid who actually said that selling cutco knives was a good job. Frankly... get your self into a trade of some sort if you don't want to do to college. Something like carpentry, electrical work, plumbing. Trades are life skills, and if yoy ever decide to switch to another trade or go to college... you will develop a life long skill that is highly employable.
Yup, my friend's college age daughter got snared by Cutco into their knife sales. She ended up doing demos for all her relatives and her mom's friends who were being nice, but she only sold a couple of knives. All of that time and energy spent shilling knives would have been better spent working at a part time retail job.
I was a service writer for a couple years and most mechanics I know regret becoming one. They all hate their jobs; most service writers do too. This was back in 2011. I’m sure it’s so much worse now with new vehicles
Way worse mechanic and auto collision. Now idk what’s happening but I do know the industry lacks innovation and ways to adapt, attract, and keep new or young talent. I want to solve this problem
I encountered something like this, only it was selling water filters. Unless you have a passion for sales (I did not), it will not work. Not ever. $170k in debt will not work, period, regardless of how much passion you have for it.
@@Weakeyedominant Professionals buy tools that work and are competitively prices, because that's what business is about: low cost, high income. Plenty of such tools on Amazon and eBay (plus lots that are junk).
Here is a way to assess the legitimacy of it. Do they accept anyone as long as you pay. See an actual job or even legit sales position will assess your skills, qualifications, etc. Selling cars is a sales position but a dealership will not hire just anyone. Even in sales, when the only requirement is to put up money, RUN!!!!
There aren't any guarantees that this guy will make $180K per year doing this job unless he is in a contract that specifically includes his compensation (which he isn't in this case). Tons of people have done what he plans to do and have found themselves in the middle of a financial crisis.
He's putting a new motor in his 'vette at 19? He's going places in the mechanics world. I wish him well! GOD bless him with wisdom and shrewdness and maturity to handle all these questions he has and bring the right advisors in his life.
If you’re not in the financial market space right now, you are making a huge mistake, I understand that it could be due to ignorance, but if you want to make your money work for you prevent inflation
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Tracy Britt Cool. I am at $128k right now and LOVING that you have to bring this up here
After I raised up to 75k tra d ing with her I bought a new House and a car here in the states also paid for my son's surgery (Oscar). Glory to God.shalom.
I did something like this with selling fire extinguishers. I had to buy a ton of stuff to get started. I never sold a single one and was out a bunch of money. Unless it comes with the customers already, such as a vending machine route or ATM route, I wouldn't.
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
That was very generous of her. I did sales and I sucked at it. I started selling Cutco knives to my family members. I made no money because I couldn't sell one knife. And I quit after 3 days. Sales is slow when you're starting from ground zero. You have no clients and nobody knows you. It takes time to build trust and relationships . I would say expect to make zero for 3 to 6 months then sell 1- 5% on the average for the next 6 months. You're going to be working the whole time. Next year you may see a 5- 10% growth, your not going to see 170k that's the top 1% the unicorn not the average or below average.
@@USMC6976 There's no value in Snap On, and mechanics have finally figured that out. You can get similar quality with the same warranty for a fraction of the price from a variety of competitors. Younger guys have figured out that Snap On is highway robbery.
The guy at the kiosk in Costco sold me a set of Cutco knives in all of the 30 seconds it took for me to use one to slice through a piece of leather like butter. Incredible knives and worth every penny.
Go to trade school! You can become a plumber and make 70-100k per year or like my father- he’s an HVAC and then got his contractor’s license. He’s done well for himself and little debt.
Great advice. This position might work for the guy whose dad and uncle were tool guys and who was hacking tools from age 8 and knows the shops and craftspeople who buy and use tools in the area. But you can’t sell tools if you don’t use tools and love to sell. Bless Ramsey advisors.
Tool trucks are on the way out (Well, not totally, but the business model is contracting). The chick is right...if you're not a truly good salesman, you won't make the big bucks. Considering the absurd cost of Snap-On, MAC,(etc.) tools, a huge number of mechanics are finding there are better alternatives online or from B&M stores. The glory days for tool truck brand tools are ending. Too much other just-as-good or even better stuff out there now for a fraction of the tool truck prices, and mechanics are catching on.
A fun job for a young person (which can lead to moving up in the industry later on) is the aviation field...as a ramp fueler for civilian or commercial aviation, or an apprenticeship in an aircraft maintenance shop. Or working toward becoming a pilot. For a young person this can be a fun industry to get into.
Aviation is a great industry to pursue a trade in. It's all about procedure, dotting the "I's" and crossing the "T's" and there are so many skill sets that one can learn. The other great thing about the aviation industry is that you are so well mentored and in relative terms, there are a lot fewer unprofessional idiots to deal with than in other trades. You've got to like paper work, though, and you have to be the sort of character that can say no.
@@davidbrayshaw3529 My father-in-law, my husband, my brother and myself all enjoyed working in aviation for years. We all enjoyed it very much!!! I would recommend it to anyone looking for something fun and out of the ordinary. You learn so much and as you alluded to, you meet many wonderful people ready to share their knowledge and experience with you.
0ur son graduated from college with a degree in chemistry and business. He came home one day and said he had his first job, selling knives................We just about lost it. We said, you take those knives back and you will not be selling door to door with your education. We never knew exactly how he was talked into that. Anyway, he is very successful now and sells chemicals to businesses. He and his wife own three apartments. So he is good.
This concept is very common for any delivery. Bread, Soda, etc… you are an independent contractor and lease or buy your truck. When you retire or quit you sell the “business” you would have equity
As a person who worked in the automotive industry for 10 years, I can say that only dumb people in the shop get excited when the tool truck comes around.
He is definitely going to go into debt for that business coz his response at the end says it all. With some people, you can't help and have to let them learn a lesson.
This sounds like such a deceptive scam. It's a door to door sales job masquerading as something else. They tried to get me with a similar scheme when I graduated college, would false advertise it on Indeed as a different position then try to lure you in during interviews. Don't get how those people sleep at night.
Tool trucks aren't all they're cracked up to be, snap on are spendy tools and really as far as I'm concerned, they aren't worth their cost compared to some of the cheaper options. And the fact that you can buy online, the only people that buy from the tool truck are those in a pinch and need it right now and can't waste time waiting for the delivery. Save your money, go to a shop and become a full fledged technician, not just a tire guy
My brother did that, over 100k in debt and after a crash he lost the truck… because of bad insurance (the one he went with to save money) he did not get any money for his totaled truck. Now he needs to pay back that money and has no truck to work with.
At a dealer technician for 12 years. The money is good but it is going down hill. I would not recommend anyone to get in to it. We need guys but the brands are making it harder to make good money. The new guys do not get what the senior guys get. There are better jobs that pay more. Go become an electrician.
Before putting yourself in that much debt do you even have the chops to do sales.. most people dont ..rejection , people skills , the art of manipulation.. how are you going to convince these people the tools they already have Stink so bad they should upgrade.. better gig find vintage tools and resell them .. estate sales thrift fleamarket.. people luv the vintage stuff that was made better and last forever
It sounds like what they told me when I began selling tupperware and Avon. Except we just had to start with a basic kit. A few people make money, but not really.
I was in car sales for 4 months fresh out of college. Realized a month in that sales wasn't for me. Sales is NOT for everyone, and they always advertise what the top end earners are making to get people to sign up.
One other point, I’m a technical sales support person. I travel all over the place supporting sales. I work by myself and I’ve made over $800k the last 4 years. All that without any risk. Finding technical people who you can put in front of the customer is harder than you think. If I wanted to change my job tomorrow I would have multiple choices because the demand is so high.
Mechanic here. Don’t do it! Understaffed. underpaid. Warranty times suck. You have to buy your own tools at most places. Constant training to keep up with ever changing products. break your body everyday to make the dealer all the money. While the service advisors and sales make more sitting on their butts telling you to hurry up.
100% snapon or similar company. It can be very profitable but become a salesman first, make sure you have what it takes... and use the money from that job to buy the truck in cash if you still want to do it
I worked closely with a lot of diesel mechanics and let them know that I was trying to get into the trade. Nearly every single one of them told me to do anything but their trade. It is a job that physically breaks you down (at least three of the mechanics I talked to have had back surgery by their mid thirties), you have to invest an insane amount into your tools (it isn't uncommon to have a tool box worth more than the car your driving around), and your employer probably doesn't care if you injure yourself on the job (so long as it isn't on camera, because they don't want to be liable). And the diesel tech/mechanic route is considered by many to be better than automotive because you usually get paid a decent hourly rate instead of flat rate. I don't think this young man is working diesel right now, but the only way I'd have considered staying in is if I got a job at a fleet that would invest in teaching me (XPO, Estes, or other big names that have a chance of treating their employees right).
There is a very small portion of mechanics that are good enough to flag time and get rich on it. First you half to be in the right position with a shop that offers flag time and has constant business coming through. Then you need to be experienced enough complete jobs under the time those jobs pay so you can capitalize on flagging time. To do this you also have to have thousands to tens of thousands of dollars of your own tools. It takes years to build up to the level of mechanic it takes to make a really decent income (over 150k) but it is doable. I don't think most mechanics ever make it there though.
This same thing happened to me. I got fooled into buying a load of portable bone density scanners. Ended up being the best mistake I ever made. Led me to a job on wall street. The road getting there was tough though.
MLM scam, and a bad one! $170k to sell tools? For a "truck?" Most tools fit in a sedan. If you spend more than $27k, even on a brand new vehicle to do this, you are getting scammed!
This is how franchises work. People overpay for Snap-on tools. With these tool trucks, all you do is have to show up. When cheaper tools are just as good. But you have to buy those tools to go and resell them. And can have them for months just sitting in his truck. But you can also make good money with it.
No!!! No !! I’m sure their tools are great but I never use them never will. Overpriced and it’s not something you should consider. Please listen to these Ramsey folks and all of us telling you no no no
When I was in high school I was interested in Autobody and auto mechanics. Talked to a bunch of guys and ALL of them told me exactly what they told this kid. I went into engineering instead. I wish I would have just stuck with construction, save up money and built myself a new primary residence every couple years... I could have made way more than as an engineer.
That’s why they target young guy like him. Hard to imagine he can make $180k a year selling tools. What kind of tools is he selling? Home Depo and Harbor Freight are every corner.
lol if he wants to go that much in debt he may as well go to law school or something in medicine.. 170k… in debt to be a salesman. That’s absurd! The startup costs you work for someone else should never be that high.
I feel like 98 percent of people commenting don’t understand how the mechanic field works and how much money these tools actually are. I feel Dave doesn’t even understand the amount of debt mechanics now a days go into on these tool trucks. It’s mind blowing and I’ve been a mechanic for over 13 years. If Dave actually knew what these tool dealers did and how they can suck new young kids into debt he would probably go in a huge rant and start calling them out more often.
This is very normal. Snap on Mac and many other tool brands are sold this way. Just go to any mechanic for trucks, cars, and tractors. These tool salesmen make a ton of money but they are on the road alot.
Funny that George said if we hired you at Ramsey but then asked you to pay for it you'd laugh in our faces, but that's exactly what their financial coaching position requires. I do finance for a living so I thought that might be fun to do on the side but stopped once I found out you have to pay them to get trained.
The mechanics who told him not to be a mechanic understand that doing that type of work every single day ruins their hobby. They can no longer enjoy working on and upgrading their own cars because they spend all day working on cars. That's what they meant by that.
The thing is this is common in other franchises too. I have a relative in the commercial leasing sector and they see the most shady things that the franchises do to the franchisees.
If you are selling tools for a company, like Snapon, you work for the company and they provide the truck, training and tools to sell to people. If you have to buy the tools, you will never be able to sell all of the tools, so you will be stuck with all of the inventory that you may never be able to sell. It is time for this guy to learn and grow. From tires, go to brakes, and mufflers in the same shop. Make yourself more valuable to the company than just $15/hr which you could get at any fast food place. Heck, take a 2 yr program at the community college and learn to do more things in the trades.
He’s so naive but very smart to call in Ramsey for advice. I hope he listen.
When he said he was 19, I understood why he fell for this MLM scheme.
Sounds like snapon, not a MLM thou
@@johndone8045 barely above an MLM.
This is a tool truck company and this is exactly how it works. It's not some scam or MLM at all. The premise behind this is you buy a truck and tools and you sell on behalf of high quality tool companies, such as Snap On, Mac Tools or Matco to technicians st independent shops or dealerships.
Most of the time these salesmen will work for someone that owns multiple tool trucks for an horly rate until they have saved enough to buy their own truck. In the same way a dentist works for a dental office long enough until they can save and open their own practice.
I knew snap on was preying on their customers didn’t know they were preying on their contractors too lol
Should I do it? I am 87 years old and I only get $200.00 a month on Social Security and I live with my Grandson.
NO dude, don't do it!!!
I bought tools from one of these guys over 40 years ago. I still have them. Problem is once you have a good set of tools you don’t need anymore. It’s a tough living.
Hayden go to trade school and cash flow it. Maybe become a car mechanic. You were smart to call Ramsey.
This is either a scam or an MLM. Nobody makes this much in door to door sales despite what gurus say online.
Thats how snapon sells to shops
This is a tool truck company and this is exactly how it works. It's not some scam or MLM at all. The premise behind this is you buy a truck and tools and you sell on behalf of high quality tool companies, such as Snap On, Mac Tools or Matco to technicians st independent shops or dealerships.
Most of the time these salesmen will work for someone that owns multiple tool trucks for an horly rate until they have saved enough to buy their own truck. In the same way a dentist works for a dental office long enough until they can save and open their own practice.
I'm always reminded of the scene where Micheal is pitching his business investment to The Office and Jim walks up and draws a pyramid around it
I've never seen a tool truck parked outside a nice house. I've seen plenty of them parked for the night outside apartment buildings and small rentals. Might be an indicator of what the true income really is.
Why would you see them parked at any of those locations?
@@reese85because that’s all most of them can afford.
@@Papawforreal again you won’t see those trucks parked in a residential area. There’ll parked at a job site
@@reese85they still go home dude.
@@joesmith3590 not the trucks. I used to own a bread route. We didn’t bring the trucks home, we parked at the job location to receive orders and loaded up our trucks every morning.
If you have the drive and ambition to make this truck worth it, then you have the drive and ambition to start your own business.
Don’t ever believe what a sales person tell you! They are the biggest liers😭
Wait a minute, I'm a retired salesman of body shop tools and supplies. Did it for 20 years. Sold to repeat customers in VA & WV. My customers became friends because I was always honest, kept them informed, sold good products at good prices - good value. And made a good living.
Definitely Snap-on tools, extremely overpriced tools
Snap-on is premium, great stuff. I own a bunch of it. But, I've seen Snappy franchises take down several guys. I'd never do it. Same goes for Matco, Mac, Cornwell, etc, etc
Yeah thinking the same thing
Yep!
You're right about the Snap-On price, but they are excellent quality. And the tool truck is a service to their customers. If I were working on a vehicle for one of my retail customers and needed something, having it there on a tool truck has value.
The techs get into lots of debt buying things off the tool truck. The young guy in the bay next to me was young and financed over $20,000 just into a big tool box. Just the BOX! My tool box I got from Lowe's on clearance for about $1000.
As a mechanic for 25 years, I would say that every job is probably really good as a hobby but once you do it for a living, it starts to suck a little bit mechanics top of that list for me
Well, I’ve done nearly all my repairs on my own but I’m grateful for what you do for us.
It was a lot better the longer you go back. I think engineering hates everyone that has to work on a car or truck anymore by the design.
@@joesmith3590it is called programmed obsolescence, cars are designed to be replaced not repaired that’s why now they are more difficult to repair. Same happens with gadgets
You are a smart guy. You called before you took out the debt!
He will call back in a year when he’s drowning in debt.
He will only be a smart guy if he follows the advice Rachel and George gave him. If he ignores it and takes on the debt, he will be even dumber than a guy who didn't call.
Snapon or Matco 100%. The Amway of tools!
dude who runs the youtube channel Franchise city just did a video about Snapon and Matco tools. Basically this type of franchise is a BAD investment and BAD idea
Don't start your life out in debt. Just don't do it.
Depends
I was once young. I went to one of these companies that sold a dream. Selling fire extinguishers. They said I could easily make 6 figures. And all I had to do was buy the promo kit, and they would give me the leads. I was 18.
Thankfully, I said no. But how can these people sleep at night lying and misleading people. Sociopaths I call them.
😬
This is a tool truck company and this is exactly how it works. It's not some scam at all. The premise behind this is you buy a truck and tools and you sell on behalf of high quality tool companies, such as Snap On, Mac Tools or Matco to technicians st independent shops or dealerships.
Most of the time these salesmen will work for someone that owns multiple tool trucks for an horly rate until they have saved enough to buy their own truck. In the same way a dentist works for a dental office long enough until they can save and open their own practice.
They never target young people like it's claimed in this video, most of the time it's retired or semi retired technicians looking for a career switch
@Rome1017Lights And you would trust all that to a 19 year old with no sales or life experience. It's a scam and the kid was going to be a victim. Thankfully he called.
@@Rome1017Lightsdo you know what percent of salespeople make their money back and what the time frame is? Some people make money in every MLM.
@@Rome1017Lightshe has to fork out 170k first (not 17k, not 70k) and with a loan, he needs to pay interests too! Unless he’s got a guaranteed customer base to offset this 170k or at least close to it, he will not be getting a salary for awhile. 😅
Man. Who is at the top of this tool hustle empire? All the workers get sold tools on $20,000 of debt by the truck owners, all the truck owners get their truck on $170,000 in debt…
Guys on the top always eat!
I'm a 32 year old business owner. WHAT kind of person would try to talk a 19 year old into borrowing that kind of money for a "job"???
I asked a similar question below.
But unfortunately there is no shortage of BAD people with no character, no morals, no decency, and no respect that are willing to do it.
Well we talk plenty of 19-year olds into taking out student loans for that amount!
@@Judep4237 very good point. Both are outrageous.
@@Judep4237
Very few student loans are that much. Average cost of an undergraduate degree is roughly 50k. You don't get into six figure loans unless you go to grad school.
A predator. Just like the predators that sign up kids for student loans for degrees that will qualify them for flipping burgers.
This sounds analogous to the Cutco knife selling company... who pulls the same stunt for college kids. They make the kids buy their over priced knives to show other people. The profit for the company comes from selling the knives to the college kids... who almost never make a decent wage. The knives are way over priced. I have never met a college kid who actually said that selling cutco knives was a good job. Frankly... get your self into a trade of some sort if you don't want to do to college. Something like carpentry, electrical work, plumbing. Trades are life skills, and if yoy ever decide to switch to another trade or go to college... you will develop a life long skill that is highly employable.
Yup, my friend's college age daughter got snared by Cutco into their knife sales. She ended up doing demos for all her relatives and her mom's friends who were being nice, but she only sold a couple of knives. All of that time and energy spent shilling knives would have been better spent working at a part time retail job.
See my comment. This happened to our son.
Way back my one friend tried to do Cutco. She didn’t last long as she couldn’t sell anything
So glad the RAMSEY TEAM threw a “WRENCH” on this idea- & that they “HAMMERED” home good financial advice! 😂 👏
😂😂😂
@@kevinkidneyy I think I “NAILED” it !! 🤣 🔨 🔧
I was a service writer for a couple years and most mechanics I know regret becoming one. They all hate their jobs; most service writers do too. This was back in 2011. I’m sure it’s so much worse now with new vehicles
Way worse mechanic and auto collision. Now idk what’s happening but I do know the industry lacks innovation and ways to adapt, attract, and keep new or young talent. I want to solve this problem
I encountered something like this, only it was selling water filters. Unless you have a passion for sales (I did not), it will not work. Not ever. $170k in debt will not work, period, regardless of how much passion you have for it.
The amount of people you'd have to sell tools to, to make up for $170k is wild. Especially with Amazon as your competitor.
Professionals would never buy their tools from Amazon, but there are still plenty of competitors.
Does not take much. Average sales income is just under $20,000 per week for the average tool truck in the US.
@@Weakeyedominant Professionals buy tools that work and are competitively prices, because that's what business is about: low cost, high income. Plenty of such tools on Amazon and eBay (plus lots that are junk).
@@Rome1017Lightswhere do you get this data? I know Like 4 of these guys within a certain location. Don’t make that much
Oh, I love you guys, the best market analysis! Seriously, why not mention Eledator?
Here is a way to assess the legitimacy of it. Do they accept anyone as long as you pay.
See an actual job or even legit sales position will assess your skills, qualifications, etc. Selling cars is a sales position but a dealership will not hire just anyone.
Even in sales, when the only requirement is to put up money, RUN!!!!
There aren't any guarantees that this guy will make $180K per year doing this job unless he is in a contract that specifically includes his compensation (which he isn't in this case). Tons of people have done what he plans to do and have found themselves in the middle of a financial crisis.
He's putting a new motor in his 'vette at 19? He's going places in the mechanics world. I wish him well! GOD bless him with wisdom and shrewdness and maturity to handle all these questions he has and bring the right advisors in his life.
If you’re not in the financial market space right now, you are making a huge mistake, I understand that it could be due to ignorance, but if you want to make your money work for you prevent inflation
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Tracy Britt Cool. I am at $128k right now and LOVING that you have to bring this up here
Hello how do you make such ?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker in the United States.
After I raised up to 75k tra d ing with her I bought a new House and a car here in the states also paid for my son's surgery (Oscar). Glory to God.shalom.
I'm very much aware of the great benefits of working with a pro but I haven't found one for myself.
If the money was quick then there would be a waiting list to sign up.
Hopefully homie stays away from this shit storm. Good advice by the Ramsey team.
He didn't sound convinced.
He must be new to Ramsey solutions 😂
19 years old that is a ripe opportunity to get someone ripped off as they don't have enough life experience. Good thing he did not take out the debt.
I did something like this with selling fire extinguishers. I had to buy a ton of stuff to get started. I never sold a single one and was out a bunch of money. Unless it comes with the customers already, such as a vending machine route or ATM route, I wouldn't.
Lol, same here. Many years ago. Thankfully I said no.
I guess the fire extinguisher sales scam was a common one.
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
Glory to God shalom.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
she's mostly on Instagrams, using the user name
FXMILLER18 💯.. that's it
This is the type of guy that sounds like he’s still going to do this anyways
You can buy a bread route for less than half of that.
It depends on the route/company
Bros making 15 an thinking he can make 180k a year? Sounds like a scam
Of course it's a scam. They tell you max you can make, which 1% of people actually make. Most take the $170k debt and make $70k/year.
@@OtisFlint I doubt they make 70k
That was very generous of her. I did sales and I sucked at it. I started selling Cutco knives to my family members. I made no money because I couldn't sell one knife. And I quit after 3 days. Sales is slow when you're starting from ground zero. You have no clients and nobody knows you. It takes time to build trust and relationships . I would say expect to make zero for 3 to 6 months then sell 1- 5% on the average for the next 6 months. You're going to be working the whole time. Next year you may see a 5- 10% growth, your not going to see 170k that's the top 1% the unicorn not the average or below average.
lol I did cutco knives as well and only sold one knife to my aunt
Every mechanic knows the value and quality of Snap-On. They wait for the truck to show up.
@@USMC6976 There's no value in Snap On, and mechanics have finally figured that out. You can get similar quality with the same warranty for a fraction of the price from a variety of competitors. Younger guys have figured out that Snap On is highway robbery.
The guy at the kiosk in Costco sold me a set of Cutco knives in all of the 30 seconds it took for me to use one to slice through a piece of leather like butter. Incredible knives and worth every penny.
@@joefunk76 a whole set was over $1k. Those knives wasn’t worth the price
Go to trade school! You can become a plumber and make 70-100k per year or like my father- he’s an HVAC and then got his contractor’s license. He’s done well for himself and little debt.
Great advice. This position might work for the guy whose dad and uncle were tool guys and who was hacking tools from age 8 and knows the shops and craftspeople who buy and use tools in the area. But you can’t sell tools if you don’t use tools and love to sell. Bless Ramsey advisors.
Tool trucks are on the way out (Well, not totally, but the business model is contracting). The chick is right...if you're not a truly good salesman, you won't make the big bucks. Considering the absurd cost of Snap-On, MAC,(etc.) tools, a huge number of mechanics are finding there are better alternatives online or from B&M stores. The glory days for tool truck brand tools are ending. Too much other just-as-good or even better stuff out there now for a fraction of the tool truck prices, and mechanics are catching on.
Go get your CDL and drive for UPS making bank your investment is not anywhere near 10% of that $170k and you’ll clear 6 figures yearly
CDL A or B if B sign me up bruh
@@austintomkewitz3981class A all the way
"I'm 19 years old and make 32k right now but someone told me I can make 180k if I spend a lot of money I don't have on their truck."
They're so kind that I just need to put 20% down and They'll finance the rest 🫡
Rule No 1. Never pay for a Job
That's not a "job" it's a business. Good tool sellers make very good money. But they have to bust their butt, it's not for the weak.
$170k GROSS not net. The snap on guy that visits us makes 70-80k a year and he is always stressed out.
Yeah but how much of that does he pay back to snap on and insurance on the tools? Wait I see your point
Yeah this industry is very hard. This guy doesn’t understand this. I wouldn’t touch this
A fun job for a young person (which can lead to moving up in the industry later on) is the aviation field...as a ramp fueler for civilian or commercial aviation, or an apprenticeship in an aircraft maintenance shop.
Or working toward becoming a pilot.
For a young person this can be a fun industry to get into.
Aviation is a great industry to pursue a trade in. It's all about procedure, dotting the "I's" and crossing the "T's" and there are so many skill sets that one can learn. The other great thing about the aviation industry is that you are so well mentored and in relative terms, there are a lot fewer unprofessional idiots to deal with than in other trades. You've got to like paper work, though, and you have to be the sort of character that can say no.
@@davidbrayshaw3529 My father-in-law, my husband, my brother and myself all enjoyed working in aviation for years.
We all enjoyed it very much!!!
I would recommend it to anyone looking for something fun and out of the ordinary.
You learn so much and as you alluded to, you meet many wonderful people ready to share their knowledge and experience with you.
Dude probably sees the snap on guy fleecing his coworkers and he wants in on that racket.
0ur son graduated from college with a degree in chemistry and business. He came home one day and said he had his first job, selling knives................We just about lost it. We said, you take those knives back and you will not be selling door to door with your education. We never knew exactly how he was talked into that. Anyway, he is very successful now and sells chemicals to businesses. He and his wife own three apartments. So he is good.
How much debt for the apartments?
Pretty sure there was a call in the past about a person who already bought a truck for work and went into financial trouble
Sounds like a snap-on job. No way $100k +
This concept is very common for any delivery. Bread, Soda, etc… you are an independent contractor and lease or buy your truck. When you retire or quit you sell the “business” you would have equity
Like amazon drivers who got suckered into thinking it was a real job not a 3rd party scam
Reminds me of when everyone was selling cutting knives
As a person who worked in the automotive industry for 10 years, I can say that only dumb people in the shop get excited when the tool truck comes around.
Being an auto mechanic is a terrible job. They don't make much and its hard on the body. Trades are good but not that one.
So...basically, why would you dive under water to only have your hair stick out, rather than just stay out of the water.
He is definitely going to go into debt for that business coz his response at the end says it all.
With some people, you can't help and have to let them learn a lesson.
This sounds like such a deceptive scam. It's a door to door sales job masquerading as something else. They tried to get me with a similar scheme when I graduated college, would false advertise it on Indeed as a different position then try to lure you in during interviews. Don't get how those people sleep at night.
This is NOT a job.
Tool trucks aren't all they're cracked up to be, snap on are spendy tools and really as far as I'm concerned, they aren't worth their cost compared to some of the cheaper options. And the fact that you can buy online, the only people that buy from the tool truck are those in a pinch and need it right now and can't waste time waiting for the delivery.
Save your money, go to a shop and become a full fledged technician, not just a tire guy
You can work for the actual tool company and use the company car& hotel to sell to tool shops. Airplane mechanics pays six figures.
Hayden called the wrong people 😂😂😂 he's lucky Dave wasn't there he would get roasted 😅
Orrrr, he called the right people because they stopped him from doing something dumb
I stopped being an auto mechanic 6 years ago and still have guy messaging me telling me that it was the smartest thing i ever did
My brother did that, over 100k in debt and after a crash he lost the truck… because of bad insurance (the one he went with to save money) he did not get any money for his totaled truck. Now he needs to pay back that money and has no truck to work with.
At a dealer technician for 12 years. The money is good but it is going down hill. I would not recommend anyone to get in to it. We need guys but the brands are making it harder to make good money. The new guys do not get what the senior guys get. There are better jobs that pay more. Go become an electrician.
Before putting yourself in that much debt do you even have the chops to do sales.. most people dont ..rejection , people skills , the art of manipulation.. how are you going to convince these people the tools they already have Stink so bad they should upgrade.. better gig find vintage tools and resell them .. estate sales thrift fleamarket.. people luv the vintage stuff that was made better and last forever
It sounds like what they told me when I began selling tupperware and Avon. Except we just had to start with a basic kit. A few people make money, but not really.
I was in car sales for 4 months fresh out of college. Realized a month in that sales wasn't for me. Sales is NOT for everyone, and they always advertise what the top end earners are making to get people to sign up.
One other point, I’m a technical sales support person. I travel all over the place supporting sales. I work by myself and I’ve made over $800k the last 4 years. All that without any risk. Finding technical people who you can put in front of the customer is harder than you think. If I wanted to change my job tomorrow I would have multiple choices because the demand is so high.
Generator Contract Sales can be a pretty good paying job. Selling rental generator contracts to clients.
Sounds like a scam
Mechanic here. Don’t do it! Understaffed. underpaid. Warranty times suck. You have to buy your own tools at most places. Constant training to keep up with ever changing products. break your body everyday to make the dealer all the money. While the service advisors and sales make more sitting on their butts telling you to hurry up.
Tool trucks have a high failure rate snap on tools, matco, cornerll etc. It's an ancient way of purchasing tools for mechanics.
100% snapon or similar company. It can be very profitable but become a salesman first, make sure you have what it takes... and use the money from that job to buy the truck in cash if you still want to do it
I worked closely with a lot of diesel mechanics and let them know that I was trying to get into the trade. Nearly every single one of them told me to do anything but their trade. It is a job that physically breaks you down (at least three of the mechanics I talked to have had back surgery by their mid thirties), you have to invest an insane amount into your tools (it isn't uncommon to have a tool box worth more than the car your driving around), and your employer probably doesn't care if you injure yourself on the job (so long as it isn't on camera, because they don't want to be liable). And the diesel tech/mechanic route is considered by many to be better than automotive because you usually get paid a decent hourly rate instead of flat rate. I don't think this young man is working diesel right now, but the only way I'd have considered staying in is if I got a job at a fleet that would invest in teaching me (XPO, Estes, or other big names that have a chance of treating their employees right).
There is a very small portion of mechanics that are good enough to flag time and get rich on it. First you half to be in the right position with a shop that offers flag time and has constant business coming through. Then you need to be experienced enough complete jobs under the time those jobs pay so you can capitalize on flagging time. To do this you also have to have thousands to tens of thousands of dollars of your own tools. It takes years to build up to the level of mechanic it takes to make a really decent income (over 150k) but it is doable. I don't think most mechanics ever make it there though.
I've been a mechanic for 22 years that tool truck business he wants to buy into is going to eat him alive!
This same thing happened to me. I got fooled into buying a load of portable bone density scanners. Ended up being the best mistake I ever made. Led me to a job on wall street. The road getting there was tough though.
I shall start a Harbor Freight Tool Truck
That's exactly what I thought!
I'm surprised they haven't tapped into that market 🤔
They wouldn't be cheap any more.That's only reason people buy them !
MLM scam, and a bad one! $170k to sell tools? For a "truck?" Most tools fit in a sedan. If you spend more than $27k, even on a brand new vehicle to do this, you are getting scammed!
you don't know what you're talking about.The truck is 75 to100k. That 70,000 of tools has 50 to 75 percent retail
It's clear you have never been on a tool truck .( most tools fit in a sedan lol 😂
No way he was talking to real mechanics. No one would tell you that and mean that. I am a service manager and I have mechanics making 6 figures.
Go to a local Technical College and learn a trade for less than $10k
I suck at sales because I don’t lie well enough to convince people to buy 💩 they don’t really need.
This is how franchises work.
People overpay for Snap-on tools. With these tool trucks, all you do is have to show up. When cheaper tools are just as good.
But you have to buy those tools to go and resell them. And can have them for months just sitting in his truck.
But you can also make good money with it.
No!!!
No !!
I’m sure their tools are great but I never use them never will.
Overpriced and it’s not something you should consider.
Please listen to these Ramsey folks and all of us telling you no no no
When I was in high school I was interested in Autobody and auto mechanics. Talked to a bunch of guys and ALL of them told me exactly what they told this kid.
I went into engineering instead.
I wish I would have just stuck with construction, save up money and built myself a new primary residence every couple years... I could have made way more than as an engineer.
How much you make as an engineer?
As a person who works on cars for a living, my advice is don’t get into it. Unless it’s your passion or unless you’re willing to grind.
That’s why they target young guy like him. Hard to imagine he can make $180k a year selling tools. What kind of tools is he selling? Home Depo and Harbor Freight are every corner.
Those trucks are predatory
lol if he wants to go that much in debt he may as well go to law school or something in medicine.. 170k… in debt to be a salesman. That’s absurd! The startup costs you work for someone else should never be that high.
I feel like 98 percent of people commenting don’t understand how the mechanic field works and how much money these tools actually are. I feel Dave doesn’t even understand the amount of debt mechanics now a days go into on these tool trucks. It’s mind blowing and I’ve been a mechanic for over 13 years. If Dave actually knew what these tool dealers did and how they can suck new young kids into debt he would probably go in a huge rant and start calling them out more often.
This is very normal. Snap on Mac and many other tool brands are sold this way. Just go to any mechanic for trucks, cars, and tractors. These tool salesmen make a ton of money but they are on the road alot.
This call saved you Hayden.
Funny that George said if we hired you at Ramsey but then asked you to pay for it you'd laugh in our faces, but that's exactly what their financial coaching position requires. I do finance for a living so I thought that might be fun to do on the side but stopped once I found out you have to pay them to get trained.
You are technically paying employers with your time and wear and tear of your body to get a paycheck.
Become of a mechanic isn’t worth it unless you can own the business. The cost of tools doesn’t offset the weak salary in ca😊
Talk to the many people who did it, and went broke and sold the truck for a loss.
The mechanics who told him not to be a mechanic understand that doing that type of work every single day ruins their hobby. They can no longer enjoy working on and upgrading their own cars because they spend all day working on cars. That's what they meant by that.
The thing is this is common in other franchises too. I have a relative in the commercial leasing sector and they see the most shady things that the franchises do to the franchisees.
If you are selling tools for a company, like Snapon, you work for the company and they provide the truck, training and tools to sell to people. If you have to buy the tools, you will never be able to sell all of the tools, so you will be stuck with all of the inventory that you may never be able to sell. It is time for this guy to learn and grow. From tires, go to brakes, and mufflers in the same shop. Make yourself more valuable to the company than just $15/hr which you could get at any fast food place. Heck, take a 2 yr program at the community college and learn to do more things in the trades.
Getting a Young Person to Drop a couple Thousands before the First Payment is there now that is mental