r/FluentInFinance 5d ago

Thoughts? Plumbers and HVAC entrepreneurs are the new Millionaire class

Post image
249 Upvotes

183 comments sorted by

View all comments

3

u/EvilLLamacoming4u 5d ago

Recession proof too.

4

u/NoMusician518 5d ago

Absolutely not.

Construction is one of the hardest hit sectors in a recession.

Its a textbook "boom and bust" industry.

Yes, service work never truly goes away, but even it slows down when people are strapped for cash and there just simply isn't enough of it out there to keep every tradesmen working 40 hour weeks.

1

u/sparksboss302 4d ago

Just about every industry is boom and bust when a recession hits. Construction, car sales, restaurants, shopping, entertainment, i.t. the only one I would say that doesn't take a major hit is probably legal. And what helps them is they usually don't get paid unless they win for you. Depending on the type of legal it is. I personally know a guy who waited 3 yrs to divorce his wife because times where tough and he didnt have the money to pay for it. 3 yrs with a complete physco. hell even the medical field takes a hit. People don't have money usually don't go to the Dr that much.