Don't Work For Money

  Рет қаралды 39,526

Edge Precision

Edge Precision

Күн бұрын

A video about some of my personal history and thoughts about money.

Пікірлер: 524
@squeegied3rdeye713
@squeegied3rdeye713 4 жыл бұрын
As a former employee of yours from 03 to 05 that just discovered your channel, it's a real trip to now be able to pic your brain and hear you going deep on life. I wouldn't have pegged you as a someone that would be killing it on KZbin lol I really enjoyed working for you and your wife. I learned a lot in the time I was there and she was always nothing but nice to everyone. My former boss is my fav channel right now. Weeird. Superb content.
@arduinoversusevil2025
@arduinoversusevil2025 4 жыл бұрын
Very interesting yes, thank you.
@EdgePrecision
@EdgePrecision 4 жыл бұрын
Ave, Its interesting on this video, I didn't expect the overwhelming positive reaction. Some of the ideas I suggest aren't exactly mainstream. For my videos this got more interaction than some that have ten time as many views.
@DC73rr
@DC73rr 4 жыл бұрын
@@EdgePrecision This is because the information that you had provided are both thought provoking and informative. I for one am grateful to be the benefactor of your experience.
@tallswede80
@tallswede80 3 жыл бұрын
@@EdgePrecision The most interesting thing that you said is that you have to be the opposite of the way that society conditions your reactions.
@PigeonSwag
@PigeonSwag 4 жыл бұрын
As a young person, I find this sort of information invaluable. There really is no other way for someone like me to learn this kind of stuff, other than to listen to those with the experience I lack. It is exceptionally difficult to find someone willing to share their hard-won pearls of wisdom, so if you'd be so kind as to continue to make content like this, I (and others like me, I'm sure) would be extremely thankful.
@rescobar8572
@rescobar8572 4 жыл бұрын
There's tons of hours of other videos amigo. Enjoy them
@thomasjohnlorren
@thomasjohnlorren 4 жыл бұрын
Exactly what this guy said! Thanks so much for this
@BobSmith-jf8dt
@BobSmith-jf8dt 4 жыл бұрын
your 1 in a million.
@DavidKholz
@DavidKholz 4 жыл бұрын
You absolutely hit the nail on the head! Thanks
@centurialinc
@centurialinc 4 жыл бұрын
Well said, I'm 31 and I have spent the last 12 years trying to brake free from the work for money situation.
@jeffren70
@jeffren70 4 жыл бұрын
I have always respected and appreciated people that have figured out how to make money without punching a timeclock every day. An 8 hour menial job where you are trying to do your best and are under appreciated is the worst. My Dad always told me that a job was a trap to waste your time so you couldn't work on your own goals and taxes are all your getting ahead money. I have worked that menial job for almost 30 years and have now figured out how to make money without it. Peter is right, work hard and do the best you can and work towards making it on your own.
@cjmitz
@cjmitz 4 жыл бұрын
Considering the sayings "life is a journey", "I'd prerfer die on the hill" etc. it shows people have known this for a long time and yet most ignore it every day either from zero ambition or getting caught in the rat race. It's great there's places online now where you find people who have escaped from this, no matter what age.
@mannycalavera121
@mannycalavera121 4 жыл бұрын
@@cjmitz it's conditioning and how society is structured
@StefanGotteswinter
@StefanGotteswinter 4 жыл бұрын
Massively enjoyed this one, very interesting point of view, thanks for sharing!
@EdgePrecision
@EdgePrecision 4 жыл бұрын
Thanks Stefan!
@warfish3651
@warfish3651 4 жыл бұрын
I had a local college engineering class come to my shop 2 weeks ago. I am one man, like you. I have some nice equipment, and make drag racing parts mainly. Your comments about mindset, money, taxes, and getting work done are almost exactly what I told them. I was just listening to you while I was working on a model. People need to change their mindset about life. Hourly employees are being rewarded for being slow. I have never been payed by the hr in my life, and when your focus is on completing the project no matter what it takes, people will pay you well to do that for them, as you know. Good job on the videos, you have the best content online I've ever seen.
@86joeblow
@86joeblow 4 жыл бұрын
"People will to come to you if you do a good job because there are so few people who actually do a good job" That comment had me laughing out loud Peter!
@LogicIndustries
@LogicIndustries 4 жыл бұрын
Me too! It's funny, but it's damned true as well.
@davidlawrence8085
@davidlawrence8085 4 ай бұрын
Very very very very interesting ! Please do more along these lines. Thank You!
@mexican_machinaner7532
@mexican_machinaner7532 2 жыл бұрын
I found your channel a few years ago when I worked for an amazing company that was 100% Mazak and we had a nice fleet of integrexs, naturally I was drawn to your content. From time to time I binge watch your videos at random because they're all basically gems packed full of knowledge. Recently, I've been finding your more personal videos such as this one. I'm really glad you took the time to do all of your videos. I agree with so much of your mindset on this trade and how to go about your career. I just personally wanted to thank you for doing your part in helping me make good educated decisions moving forward in my career. Money really doesn't matter if you're doing what you love and provide high quality work, it all ends up panning out at the end.
@TheBaconificator
@TheBaconificator 4 жыл бұрын
These are golden nuggets of insight. Definitely, please keep doing it. Don't worry about the lighting, in fact, you don't even need video to cover those subjects. You could do it in form of a podcast. A lot more people can listen to a podcast while commuting or even working than can sit in front of youtube doing nothing else.
@bigshantolifting
@bigshantolifting 4 жыл бұрын
Or get youtube red and it’ll play in the background ;)
@danieltong9592
@danieltong9592 4 жыл бұрын
You are a true champion Peter. Deserving of all the credit the viewers give you on here. I live in Western Australia and always look forward to viewing the videos you upload. Appreciate the time you put aside to make the videos amongst earning a living. Cheers
@scottmuller1901
@scottmuller1901 4 жыл бұрын
Very good advice Peter! I was listening to this driving with my 26 year old son and you captivated his complete attention. He turned up the radio and we listened to The whole video and was very impressed with this approach. His wife is a 6 year college graduate with the loans and such and he has taken somewhat your same approach as you have. I supported him through the pressure of the high school guidance counselors pressuring everyone that they need to have at least 4 years of college. So far he has a nice house, almost paid for, vehicles paid for ( not new but good) and shows up for work everyday ready to do whatever is at task. Works with me in our machine shop. No advertising always back log of work
@UlikeMinimalQMme2
@UlikeMinimalQMme2 4 жыл бұрын
Honestly, this might be the most inspiring video to me for a long time and im just halfway through by now. as a young machinist in a small 8 man company i get to know the struggles from another perspective here and really appreciate the inspirational value beeing delivered. overall in the past 2 or so yrs i have been following any content you make and i initially started beeing enthusiastic about the sheer edge precision displayed and came to a state where i am just kind of consumed by the wholesomeness and diversity (in a way) i am waiting to find here any other week. it even brought me to write a comment about it which is a rare condition tbh. thanks for sharing like hundreds of times and greetings from germany. chip on! (can you even say that? :)
@johns208
@johns208 4 жыл бұрын
Putting out a well made, perfect part is the best advertisement. If I made a little money, or break even, I just chalk it up as advertisement. That's what drives other jobs coming to me. By then, I know what it really cost to do a perfect job, and I quote accordingly.
@missmymountain
@missmymountain 4 жыл бұрын
Disclaimer...do exactly what he said but remember, you may suck at the first half dozen things you want to be good at. If you suck at something find something else to do. Don't just "keep your dream alive" out of pride. You're good at something but it may not be anywhere close to what you want to be good at.
@braxtonec
@braxtonec 4 жыл бұрын
Spot on. Thanks for saying what needs to be said with such candor. It's clear you enjoy your work and we get to experience it vicariously. Dont't worry about sound and light. The message was clear.
@ronlaury6388
@ronlaury6388 2 жыл бұрын
Best advise I've seen on KZbin. I do the the work because I love doing it. The money is always there. Thank You!
@andreturnbull1259
@andreturnbull1259 4 жыл бұрын
Your thinking and opinions are right on the mark. I am about your age and have been a slave to the "system" most of my life. I now regret not breaking away from it years ago and are now trying to change my approach to life. I would like to hear more from you on your way of doing things as I have been gearing up my little workshop since I "retired". I too, believe in just doing the best you can always. You are correct when you say "don't chase the money" and that the money will find you, if your approach is quality first. I enjoy your excellent machining videos very much. Please keep making them.
@mdwdirect
@mdwdirect 4 жыл бұрын
Absolutely brilliant information Peter. Thank you so much for taking the risk to put out this video. Everyone should hear what you said. Not many will grasp it but those that do will change their own life.
@SebyNeg
@SebyNeg 4 жыл бұрын
Thank you for the video Peter, it's funny i was thinking about my current employment situation this evening, as i do every no and then and after watching your video i realized that i've perhaps gotten stuck in the mindset of chasing the money and that having more of it will improve my situation, when i really should rather be thinking about how i can do the best job possible and make myself as valuable as possible at work. You're certainly right in saying that ppl will come to you if you do a good job and that the money will come to you. I guess over your 40-50 years of working you have seen a lot, so i appreciate that you talk about your expeariences ans give some advice. Keep up the good work👍
@nikoltischler7735
@nikoltischler7735 4 жыл бұрын
I just quit my construction business of 20 yrs I Def understand what your trying to say you might have reinspirerd me to keep fighting the good fight thank also love your content
@LuckyFin2008
@LuckyFin2008 4 жыл бұрын
Awesome content. Keep up the great work. Lots of valuable words of wisdom I picked up and hopefully many other younger folk will pick up aswell. Thank you.
@luizbier3429
@luizbier3429 4 жыл бұрын
Peter, this information is gold for someone who is trying to follow the same path that you did. I am a Mechanical engineer and like you I enjoy precision machining, maybe someday I'll have my own machines like you. Keep going with these awesome videos!
@ArmandeepSingh-mg8qb
@ArmandeepSingh-mg8qb 2 ай бұрын
Thank you sir for sharing this amazing information and experience.
@brianu2871
@brianu2871 4 жыл бұрын
One of your best videos. My wife and I started our " Ma and Pa " machine shop 38 years ago and your comments are right on. I tell people it's a way life to work for yourself and it requires commitment, something you want to do. My desire was to be as happy as possible and hope to be able to make a living doing it. Honest dealings and good work is the key. The money will come as you said. Lots of mistakes and things to learn as you go.
@dannywilsher4165
@dannywilsher4165 4 жыл бұрын
I enjoyed this video! It is amazing to me how much your story and life parallels mine. Your life philosophy is so spot on. I live in Houston also. I'm also 65, I have owned 35 businesses, worked oilfield jobs, had a Shell full service gas station, automotive machine shop, and many other similar experiences. Did I mention how much I enjoyed this video ! ! ! !!!
@Horus9339
@Horus9339 2 жыл бұрын
Thank you Peter, you have it spot on. Do the work you love and do not worry about the money, the work is the important part of the process.
@bhaveshshah692
@bhaveshshah692 4 жыл бұрын
Peter we love your videos very much thanks for sharing all the knowledge.
@WatchWesWork
@WatchWesWork 4 жыл бұрын
I think you are right that people will seek you out if you do good work because so few people to good work. But my experience is that does not necessarily mean they want to pay you what your work is worth. The real trick is being able to do a good job and charge accordingly.
@sethbracken
@sethbracken 4 жыл бұрын
Don’t worry about the light, but keep telling us stories about business.
@dointh4198
@dointh4198 4 жыл бұрын
Thank you sooo much. My business is just taking of and I did the things like you, even on much older machines. And it started to work. It's in fact like you said: Do the work as good as you can and people will come over with work on their own. And feeling of beeing on your own is the greates satisfaction I ever felt in my life.
@FesixGermany
@FesixGermany 4 жыл бұрын
For several years now I'm told that I should start my own business but as you said this is nothing you learn in any school, I always wanted to do the work I enjoy to do and over the last years I'm thinking and dreaming more and more about buying at least one decent CNC machine but I'm really afraid of all the stuff that has to di with money, accounting, taxes, quotes, invoices and all that stuff, without a mentor I don't think I would do this. But as you said, I also think that the whole education system is layed out for people being employees, who wants to break out must have the will and the ability to do so.
@muppet000111
@muppet000111 4 жыл бұрын
giphy.com/gifs/elvira-georgia-dex-wi8Ez1mwRcKGI
@mannycalavera121
@mannycalavera121 4 жыл бұрын
If your younger and kid free keep your overhead as low as possible and do ot
@jasondk5127
@jasondk5127 4 жыл бұрын
Perfectly said! I've worked this way for years and putting your heart and soul into anything you do will reap rewards even thru failure or success.
@jaymachines7587
@jaymachines7587 4 жыл бұрын
Hey Peter this hits home, I’ve contemplated starting a shop for years because I love doing the work. Everyone always says if you don’t know business you will fail, that being a good machinist doesn’t mean squat you have to be a good businessman. What you said makes total sense to me, Thanks for sharing it...
@EdgePrecision
@EdgePrecision 4 жыл бұрын
You will learn. Because you will have to.
@yetanotherarc
@yetanotherarc 4 жыл бұрын
I've been a machinist since I was 13 in school, started sweeping the floors, learned all the manual machines then stepped up to the CNC equipment we had. Boss was middle aged german toolmaker by trade, was taught very well, get it done, do it properly, don't muck around. Only 22 now so still know sweet fuck all about life I'm sure, but spooled up my own little agricultural robotics company 3 years ago out of my bedroom. Now we have a team of 7, functional robots and paying customers lined up for our first roll out in 2 weeks time. Boy do machinists have a good view on life, and man do they know their shit. I've learned my most valuable business lessons from old fella's that have been turning bits of metal into different shaped bits of metal their whole life, never meet one slimey, shitty or down machinist. Truly some of the best people out there - your further testament to this. Thank you for breaking the format, sharing knowledge only acquired through life, time and shit happening - good and bad. I still learn things from channels and places like this on the internet like this daily, and I hope to till I die. Thank you edgy p, your work is amazing, in my opinion art. keep it up
@MrBeaach
@MrBeaach 4 жыл бұрын
did you make the robodog by yourself?
@yetanotherarc
@yetanotherarc 4 жыл бұрын
@@MrBeaach yep, single semester uni project. Works but could really use a version 2
@olevjorgensen
@olevjorgensen 4 жыл бұрын
Good video Peter. I like your philosophy of how you have lived your life and made your money, and it suddenly dawned on me that it is actually the way I have lived my own life, without really thinking about it . I'm today retired and it has turned out that I have succeeded in living my own dream that I got as a young man, and I am sure that there are others who will too and have done it as you and I have done and who will also have a happy working life, although it has been hard at times, but which has in the end proved to be the right way to do things, and to these people I can only say good luck and believe in yourselves and live your dream.
@DavidKholz
@DavidKholz 4 жыл бұрын
Please, please keep your experience and information coming if at all possible. I myself am under 30 and always strive to learn and expand my abilities. I see myself more as a craftsmen then a businesmen, and that is what I think is holding me back. Your information is absolutely priceless for me! Thank you!
@highseassailor
@highseassailor 2 жыл бұрын
This video is full of great advice, thank you Sir. You said that you don't know if content like this is interesting, this content is invaluable!!! Please keep showing your machinery skills as well as sharing your life lessons. No school would ever try to convince someone to not work for money. Working for a job well done is priceless, pushing boundaries is why you've made your abilities work for you! BRAVO! ENCORE!
@fisherb1626
@fisherb1626 3 жыл бұрын
as a 20 year old kid in college trying to run my own fabrication business and putting all my money and energy into equipment and tooling, this sort of video is more helpful than you know. I have learned so much from your videos and others on youtube like this old tony and ave and all those guys, just wanted to thank you for taking your time to share your knowledge with us new guys, it is the reason I have gotten to the point I have and learned most of what i know. thanks man keep the videos coming they are amazing.
@NH3rrm4nn
@NH3rrm4nn 4 жыл бұрын
Thanks for sharing. Getting personal. Telling it like it is.. much respect good sir! Radical Hey had an afterthought.. do you watch Keith Rucker? He's working on an old steam engine, looking for some crankshaft work. I've not seen you do cranks, but I'm sure the integrex can? Just a thought, thanks again.
@rescobar8572
@rescobar8572 4 жыл бұрын
Peter, I finally got to see this video in its entirety this morning when I got to work. It stayed stuck with me, in the back of my head, a comment I had sent a young man that found this material irrelevant. I drove in this morning into work and I thought about what the young man had posted. I really hope that he didn't really mean to put his comment or posted the comment purely on emotion or something that may have clouded his thoughts. I had to comment to the guy, that there were other videos and pick any of them, I think I've watched all your videos. So it really worries me, if our younger generation that has entered the workplace, is really unable to grasp where the real gold nuggets truly are. This video, to me, is completely 100% priceless! You cannot put a number on what this video is worth. This truly summed the near 40 years of work experience that I have. I cannot thank you enough Peter Stanton, for everything that you do to share your knowledge and wisdom and especially for taking the time to dedicate yourself to your videos. I don't run any CNC machines and probably never will, however, I do take everything that you and a few others here in the YT community post, and apply them to a manual mill and lathe. If you're ever in El Paso, TX., feel free to stop my shop. Thanks again amigo!!!!
@EdgePrecision
@EdgePrecision 4 жыл бұрын
There are people who will never understand to their detriment. They have been brainwashed.
@rescobar8572
@rescobar8572 4 жыл бұрын
@@EdgePrecision Its structured to give control of everything we do.
@JeffCowan
@JeffCowan 4 жыл бұрын
People do like this content, in part because it's honest, heartfelt. Not full of the usual BS we are flooded with daily. No one comes to this channel because of the lighting or anything slick. The content is just plain good and that's really all that matters.
@pilgrimm23
@pilgrimm23 4 жыл бұрын
I am older, retired, but always wanted to learn machinist skills. From you and your videos I have learned quite a bit.. When I was young I learned a hint of some of these things from my grandfather in his shop. I went on to a totally different career but now can do the work I always wanted. What you are describing is the old style apprenticeship system which worked for over 1000 years. Today we have a different set of values and it is hard to see that as having any value... there are things an old hand can teach a young buck he can't learn any other way.... PS so those were YOUR Lugers.....Instant even higher respect!
@gcodemfg
@gcodemfg 3 жыл бұрын
Thanks for the advice you give in this video. Thanks for telling us that have just found your channel a little bit about your story. Just about to launch our own company with my wife. Currently we will be in our 2 car garage. We have met some great people thanks to the manufacturing industry, which have been more than gracious with help along the way.. mostly along the lines of "you need to start your own shop" "..."your working too hard for me , start your shop and ill send you work"... and with some budgeting for a yr and sacrifices along the way. We are now starting our journey... Your right on the money when you said you just have to figure it out..
@JoseSilveira-newhandleforYT
@JoseSilveira-newhandleforYT 4 жыл бұрын
Thanks for sharing your sincere thoughts and life experience! Since I came across this channel, I always felt some sort of empathy with you, but never understood what brought about this feeling, until I watched this video - Not only I agree with your thinking, but my mind works in a similar way. I was surprised to know that we are almost the same age - you look so much younger and that is probably because you have worked in what you like and in your own terms all your life, while I still carry the weight of having to resort to working for others (even if successfully), after a couple of failed attempts of entrepreneurship, while carrying too much ballast from other responsibilities (some real, some imagined). Much later in life, I did experience the fact that, if you do a competent job as an independent contractor, people will come looking for you, but I was already too tired and saturated to start over again. I think this could also serve as a hint for younger people - be as free and as pleased, while as responsible and competent as you can, with the work you choose to do, because in the end, it will weight on you accordingly.
@bigshantolifting
@bigshantolifting 4 жыл бұрын
I got alot of love for you Peter. You’re genuine and your sincerity translates well over the pixies on my screen. Your pearls of wisdom are much appreciated to anybody in any field
@jeffnevius
@jeffnevius 4 жыл бұрын
ive been that way most of my life. just started machining at 56 been working for myself since i was 25
@Yosemite610
@Yosemite610 4 жыл бұрын
Suggested title change: "Zen and the Art of CNC Machining" ;') There is a lot of truth you're sharing there The Industrial Revolution demanded workers with some education and 'Public' schools were started to satisfy this demand.
@stewartfrye
@stewartfrye 4 жыл бұрын
The best part of my life is when I stopped working for money, Totally agreed Peter.
@mrcecilia26
@mrcecilia26 4 жыл бұрын
You are a kind gentleman, I follow your work with passion. You're very good and precise. It is very clear to me that you do not work for money, you work with passion. A warm greeting from Sardinia (Italy)
@AB-yu2tj
@AB-yu2tj 4 жыл бұрын
I was feeling down today, but listening to you lifted my spirits up. Thanks
@EdgePrecision
@EdgePrecision 4 жыл бұрын
Glad I could help!
@larrykent196
@larrykent196 2 жыл бұрын
You are doing a great service to so many with your videos. The patience and calm cool nature surely a California mentality as you setup and indicate parts. You are a highly skilled machinist and business man. Watching you setting up and machining shows a man who found the work he loves. Life is just a journey and being a lifelong learner is how you get good, and it shows. School does not teach compassion, creativity, and grit that comes from within, seemingly core ingredients for an entrepreneur. Cheers!
@paulskaar8556
@paulskaar8556 4 жыл бұрын
Right on! I'm very validated by your approach. I've always done intriguing and challenges things by choice. Cheers!
@edsmachine93
@edsmachine93 Жыл бұрын
You are absolutely correct. I learn from experience, some of that is mistakes, good and bad relationships. But I never give up. Very good video. Thanks for sharing your story. Very similar to mine. Take care, Ed.
@shawnbates5106
@shawnbates5106 3 жыл бұрын
Thank you brother for your insight about working hard and your mindset on money!
@ricardopbetancourt418
@ricardopbetancourt418 4 жыл бұрын
Mr. Peter thank you! For sharing your life experiences and knowledge with us. Social media ( the world ) needs people like you, Honest and Unique. 👏👏👏👏
@lawrencepoppert5187
@lawrencepoppert5187 4 жыл бұрын
I enjoyed this video. There is no substitute for experience and I would like to hear more from the school of hard knocks!
@craigwalker3256
@craigwalker3256 4 жыл бұрын
Love all your content!!! Wonderful advice!!! Gee you're a top fella!!! Thanks and gdday from Australia.
@davidlawrence8085
@davidlawrence8085 4 жыл бұрын
Very interesting ....would like more along this line ...thank You !
@TomChame
@TomChame 4 жыл бұрын
Outstanding video, thank you. It should be required viewing for every high school student.
@MatthewTinker-au-pont-blanc
@MatthewTinker-au-pont-blanc 4 жыл бұрын
I agree with you entirely, whenever I've worked because I needed the money, it never really worked out, Ever since, I've done things because I enjoy doing the work, work has taken off, I made more money and the work just rolled in! Regards, Matthew
@rossforeman3156
@rossforeman3156 4 жыл бұрын
I alway appreciate you sharing your experiences and stories.
@klaasbloem
@klaasbloem 4 жыл бұрын
Nice to hear more about your personal history Peter! I strongly agree with your view on money and work. We are almost the same age (thought you were much younger), I was born, and still live and work in the Netherlands :)
@johnmcnamara3719
@johnmcnamara3719 4 жыл бұрын
Wise words Peter You started from a small garage shop and built your business from there. My wife of over 40 years and I did the same thing in 1977. We had little money and a couple of old machines. We continue to work as a team. I also agree with your philosophy that once you accept a job producing it to the highest quality standard is your primary goal, if it costs more than planned so be it, you will pick up any loss on your next job. Your customers will respect you more for not winging about how much it cost to do a job. A job well done always brings more work. Word of mouth recommendation is priceless. Regards John Australia
@mftmachining
@mftmachining 4 жыл бұрын
You´re a good man, Peter...thanks for yer words
@Brian-ug7du
@Brian-ug7du 4 жыл бұрын
I really appreciate you telling us about your experiences. The lighting is fine, and I find your content extremely insightful. You are a good man!
@patrickhennigan9689
@patrickhennigan9689 3 жыл бұрын
Don't do partnerships, only with your wife of many years. Your a good man Peter. It's up to the individual on developing their skills in this trade and how good they want to get. I worked in a lot of shops across the country and choose where I wanted to work, not the other way around. Had an old master machinist tell me during my apprenticeship it was time for him to move on and I asked him why, he said he was getting bored and needed some different challenging work. I think of all the new things I picked up working in different shops made me that much more valuable. I'll go through all your videos and I'm sure there are a few things you can show me that I didn't think of or know in my 46 years of machining.
@johnshelley2540
@johnshelley2540 2 жыл бұрын
Hi, I am 74 now and still have all the sparks flying in my head, I started working for myself at 20 years of age meeting my wife at 21, firstly in the building trade then I started racing cars, for this I needed a car workshop so over time I had my own garage as my interests changed to to boats I built two boats for myself and I moved into fitting them out so I moved into a boat joinery workshop doing any work that came in, as you say don't focus on the payment, I lost money on a lot of my early work but gained a high standard of finish and most of all pride in making a finished job that when finished I would look at and say "that's as good as anyone could do". In the early years I worked long hours but always paid my bills and never went to the banks for help I just increased the hours I worked until the new machine was purchased, I retired 7 years ago, like you customers came to me because I could do it! and the work looked good, I turned away a lot of work and took on the most challenging , I sold my business, with success money comes, I found a lot in your video that was like me. I wish you a long and happy life. John
@Precisionmetalworks
@Precisionmetalworks 4 жыл бұрын
Agree 100%! A good reputation gets you more money, but money can never get you a better reputation. When making decisions, always consider the effect your choices will have on your reputation and choose the one that will better your reputation even at the cost of lower profit. A good reputation is priceless. Can't wait to hear any insights you have on any topic. Common sense has become very uncommon these days.
@bigbattenberg
@bigbattenberg 4 жыл бұрын
As great as all of your other videos are, this one takes the cake! So many things to learn here. I also found the history about the companies you worked at very interesting. Behind it is the story of the disaster of offshoring of production, because of which (in part) there is a 'lost generation' of people who could not climb the ladder you climbed - most ladders were taken away. Your story is very recognizable to me as I have run my own engineering & sheet metal shop for 9 years before I had to quit in 2013 because of overpowering headwinds. The experience I gained I would never want to miss and it is still very helpful in the jobs I have had since. It's been an interesting switch from being a one-man company and owner to working at multinationals. I am now at a global OEM player of about 100 employees, which seems to fit well. I do not rule out the possibility of starting again.
@PeteGmp1
@PeteGmp1 4 жыл бұрын
%100 bang on. Rules I follow with my machine shop. 1) build your business in stages. Do go too big too fast no matter what the customer tells you. You're the one signing the loans not them. 2) try not to expand with debt 3) be confident in your price and quality. People will try to convince you you're charging too much blah blah. If that was the case you would have lost the job already but for some reason they still want to offer it to you lol. 4) always have a reserve fund. It doesn't matter how good you are there are economic cycles all the time and you have to be prepared for the swings. 5) as Peter said stick to your price. If you quoted too low suck it up and eat the cost. Going back and asking for more money will ruin your reputation way worse than the money you would have lost. 6) your word is your word period. Try not to make excuses for being late or quoting too low just apologize and move on. I've made millions over the years by just a simple handshake. The second that trust is broken it won't come back. 7) love what you do. If you're going into it for money best pick another type of business. Every rich person who started a machine shop in my area got fed up real quick and folded up shop. 8) expect to be in it for the long haul. Once you start working for yourself you will find it damn near impossible to work for someone else ever again. It also explains why it's so difficult to start and operate a machine shop with a partner. EVERYONE always have a different opinion. Trust me, you really have to love what you do to start a business it's like marriage and requires a lot of work.
@DeepakPatel-ed7mg
@DeepakPatel-ed7mg 3 жыл бұрын
I like your thought. I agreed with you. Don't Work for Money & Money will comes to you automatically. If you work for money then money will goes away from you. Money always comes to you in return of your good work. I like clear voice as well as your work and your videos. I appreciated
@caribouprecision8213
@caribouprecision8213 4 жыл бұрын
Yes! Definitely interesting. Ive been working in machine shops since 2004 and Im just starting my own shop now. Got a VF2, already had fabrication equipment etc etc. Finishing up my first paying job now. Id love to hear more about this sort of thing. Thanks as usual Peter
@belmon125
@belmon125 4 жыл бұрын
I completely agree with you man. I am in a very similar situation, working for myself, mostly doing the parts that I enjoy doing, for sure not as good as your parts, but as you said, the important thing is to be happy and enjoy. I also focus a lot in my life outside of the work. This world doesn't need high productivity and all the stuff they say when they see red numbers comparing production from the last year. In fact all that is harmfull for it. And sadly there is a lot of people focusing too much on the money, ignoring it doesn't make them happy. But we all have our own experience and lessons to learn. I feel good and it brings hope to me, every time I find people with that mindset. Best regards from Barcelona, Spain. Edgar.
@lennysweet8336
@lennysweet8336 4 жыл бұрын
I sit here in my shop late 9:45 pm... listening & watching to you ... very inspiring because I now don't feel alone, I do it to get the job done and do the best I can, at the end of the day I always get paid well for what I do (when I do what I do), I employ 3-4 men on a part time basis as needed mostly hands on myself..... I've been dedicated to the work raised a family of 4 daughters and they are living their own lives now raising their own families. I've been in business since 1992 and mostly work alone.... in the early 2000's ive actually employed up to 8 people 4 machinist, 2 apprentices / helpers (which i did pay for their apprenticeship night school training as their sponsor) and 2 secretaries up until 2008 than scaled back but kept going... so I can relate to you and love your content also inspired by you.... I think I came across your channel thru drone footage as I have been quite a drone enthusiast for the past three years and scaled down sized my drone fleet to just my mavic and spark and several non GPS toy grade drones. We have lots in common and I look up to you, As I know you don't like that, per say, but I'm definitely inspired by you and your knowledge and capability.... I've grown into utilizing my CNC machines at some level and hope to grow more exponentially in this area as I stabilize my financial situation and can get better equipment.... Well I can go on for hours..... This content.... Your content.. hits home for me and keeps me going and inspired.... FYI.... I'm 53 been in business since 1992... Currently bouncing back from loosing my Mother and Father in the past two years (my Father was my confidant and best friend.... an old school tool maker having had his own business as well for 30 years, yes a machine shop.... its been a roller coaster and struggle but I'm still here and love the industry, love the trade and love my job... if curious of who I am and what I do www.tlstool.com find me here..... Keep up the content, Great work!!!... it keeps me going!!! as I'm it does many others!!
@EdgePrecision
@EdgePrecision 4 жыл бұрын
I too had a good relationship with my father. I miss him as well. Maybe that's saying something that may be missing for some people.
@Dradski1982
@Dradski1982 4 жыл бұрын
Thank you for the video. I enjoyed it and would watch any others you made. I tend to watch your videos for your machining experience, this video was what I would call a discussion on life experience, which is even more important.
@Mcfryguy5555
@Mcfryguy5555 4 жыл бұрын
Peter, I always enjoy listening to advise from the old timers in the shop, this mentoring chat was great!
@MR-yq5rj
@MR-yq5rj 4 жыл бұрын
Thank you sharing this story of yourself ! I really appreciate this kind of conversations. Life is not all about work , it 's also about pleasure and satisfaction of the mind , growing, learning . I had a time that I felt like a number of society, wake up ,work ,eat and sleep. Lucky I don't feel like that now anymore ! I have pleasure and satisfaction in my work what tribute to a beter and healthy life. Keep those stories coming Peter . I like to learn . Greatings from a lathe man from The Netherlands
@miperrosellamaleo
@miperrosellamaleo 4 жыл бұрын
I'm learning good tricks with you. I see you enjoying with every new work. Congratulations from Barcelona!
@jesscneal
@jesscneal 4 жыл бұрын
Interesting vid Peter. I am self employed as well doing CAD work. Although I do correct people when they say I own my own business. Technically I do own an LLC but I think the true definition of a business is that it will keep functioning and producing if you are not there. A better description is I own a job. If I'm gone, the work stops. Nothing wrong with that, just a different perspective I guess. Thanks for your insight-
@rockridgewoodshop
@rockridgewoodshop 3 жыл бұрын
That's a pearl of wisdom right there!
@Slayer553826
@Slayer553826 4 жыл бұрын
Great video! It’s always fascinating to hear other’s background and how they decided to navigate their way through life. I’d love to see another video with more details.
@hebrewhammer1000
@hebrewhammer1000 4 жыл бұрын
Thank you for sharing! I definitely love your machining content and life lessons content is also great.
@James-fs4rn
@James-fs4rn 3 жыл бұрын
👍 very interesting and insightful. You have so much to offer in many ways. Thanks Peter!
@ianbresnahan1808
@ianbresnahan1808 4 жыл бұрын
I love listening to this stuff man!!!! I’d love to have a series of videos about shop finance/experience around money. Thank you Peter!
@bugrobotics
@bugrobotics 4 жыл бұрын
Couldn't have come at a better time. Thanks for sharing. Look forward to the next installment.
@59jm24
@59jm24 4 жыл бұрын
I agree totally. If you work by the clock, the creative juice is squeezed
@bigbrotherfrank2960
@bigbrotherfrank2960 4 жыл бұрын
Thank you for posting this video! Very informative. I ‘m a young person doing setups and production for an aerospace company.
@wyatt007
@wyatt007 4 жыл бұрын
Thank you for taking the time for this! I learned a lot! Hope you have a great thanksgiving 👍
@altobe
@altobe 4 жыл бұрын
I enjoyed this video. You have an interesting take on money and pretty much everything. I’ve learned a lot from your videos. All of them. Thank you
@Justin-to6sn
@Justin-to6sn 4 жыл бұрын
Thank you a lot! You are really insipiring. A young Belgian machinist.
@sleepmore1102
@sleepmore1102 3 жыл бұрын
Yes. Interesting content. I too am in my sixties, been machining for about 38 years. Had my own shop for a while but spent most of my years at a large shop. Going to be retiring soon but still love the machining and challenge. We think a lot alike. Thanks for doing the videos.
@shane9338
@shane9338 4 жыл бұрын
great video no doubt!.... by watching this video and others like it and especially reading all the comments people have left I've come to realize that I think what most people crave is "authenticity" "real" "honest" we/they see so little of it in real life people tend to presents a facade (mostly due to fear of what other people will think of them and to a smaller part lack of courage) ...I think that many people sense this very quickly (either consciously or unconsciously) and because of that we tend to disregard whatever one of these facades are are saying, but when you hear authenticity from a real person being honest your head pops up and you listen closely it's surprising and interesting so keep being real keep being you thanks brother..
@jovicdrazen8056
@jovicdrazen8056 4 жыл бұрын
Thank you for your videos! I watched every single one of them! Keep up the good work. Hope tu see much more from you. I'm self a machinist for more then 14 years and still i try to learn every think i can use to get the job done. Waiting for the next video from you!!
@baldbunny619
@baldbunny619 4 жыл бұрын
This is the first "machining" video I'm sharing with my friends on social media, and I've been watching hundreds of machining videos lately.
@jeffk5062
@jeffk5062 4 жыл бұрын
You’re 65? I always assumed you where in your mid 40s
@ikbendusan
@ikbendusan 4 жыл бұрын
same lol
@eugencsl
@eugencsl 4 жыл бұрын
Damn, i thought he is in his late 40’s at most ...
@rescobar8572
@rescobar8572 4 жыл бұрын
LMFAO! Is he Transylvanian decent?
@Chazaxl
@Chazaxl 4 жыл бұрын
Yep, same.
@mihailfelixdumitresc
@mihailfelixdumitresc 4 жыл бұрын
Same here.
@cruch9
@cruch9 4 жыл бұрын
Awesome! Keep these videos coming! Thanks for all your help and advice you have given!
@muppet000111
@muppet000111 4 жыл бұрын
I find it interesting what your saying. The problem (for me) is to change this way of thinking after working now for about 25 years. I think a lot of people arent happy with their paid employment jobs because very often they are loosing their creativity, they dont ask themselves, what do I wanted to do. They do not follow their own path of career/development. Its good to think about these words and what can we do to change so. I will try to give my daughter another mindset. Thanks for your vid,cheers from The Netherlands.
@johncarey9149
@johncarey9149 4 жыл бұрын
I'm not sure I followed all you were saying, but I've been working as an independent contractor for most of my working life, and the one thing you did say that I understood and agreed with 100% is that you must invest in yourself. Another way of saying that came from a UK politician many, many years ago, "you can't guarantee that you will be employed all of your working life, but you can ensure that you will be employable".
@Roetz40
@Roetz40 4 жыл бұрын
Enjoyed it from first to last second. Please keep doing this type of videos. Im in my 6th year of selfemployment and can relate to so much stuff you mention. Thanks for the mentoring Peter.
@Toolman22364
@Toolman22364 4 жыл бұрын
I agree with you. I always look at mistakes like money in the bank. You pay once , but gain in the future. if one mistake can pay for 5 , 6 , 7 different jobs . Then that is a gain. To me at least it is.
The Influence Expert: 7 Ways to Get People to Do What You Want (Even When They Don't Want To)
1:08:46
Special Undercut Cutter-1
25:36
Edge Precision
Рет қаралды 36 М.
버블티로 부자 구별하는법4
00:11
진영민yeongmin
Рет қаралды 17 МЛН
Крутой фокус + секрет! #shorts
00:10
Роман Magic
Рет қаралды 40 МЛН
Life hack 😂 Watermelon magic box! #shorts by Leisi Crazy
00:17
Leisi Crazy
Рет қаралды 79 МЛН
Когда отец одевает ребёнка @JaySharon
00:16
История одного вокалиста
Рет қаралды 13 МЛН
DOUGLAS ADAMS: Parrots, the Universe and Everything
1:27:37
University of California Television (UCTV)
Рет қаралды 1,2 МЛН
30 Years of Business Knowledge in 2hrs 26mins
2:26:13
Simon Squibb
Рет қаралды 7 МЛН
Robert Greene: A Process for Finding & Achieving Your Unique Purpose
3:11:18
Andrew Huberman
Рет қаралды 13 МЛН
Whats Happening With Me Now.
41:15
Edge Precision
Рет қаралды 50 М.
Lecture: 2015 Personality Lecture 06: Depth Psychology: Carl Jung (Part 01)
1:16:27
Hands-On Power BI Tutorial 📊Beginner to Pro [Full Course] ⚡
3:05:45
Pragmatic Works
Рет қаралды 2,2 МЛН
Broaching A Key
40:52
Edge Precision
Рет қаралды 29 М.
Eric Weinstein - Are We On The Brink Of A Revolution? (4K)
3:29:15
Chris Williamson
Рет қаралды 7 МЛН
The World at War (Ralph Raico) - Libertarianism.org
3:06:00
Libertarianism.org
Рет қаралды 314 М.
버블티로 부자 구별하는법4
00:11
진영민yeongmin
Рет қаралды 17 МЛН