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Home Lifestyle Next Gen Wealth

No Degree, No Problem: How a Repairman is Making $175K Annually

by Team Lumida
August 3, 2024
in Next Gen Wealth
Reading Time: 3 mins read
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a man is taking a picture of himself in the mirror

Photo by Alexander Popovkin on Unsplash

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Key Takeaways:

Powered by lumidawealth.com

  1. Skipping college led to a high-earning career.
  2. Practical skills can be more lucrative than a degree.
  3. Economic trends favor skilled trades over traditional education.

What Happened?

A young man chose to forgo college and instead became a repairman. This unconventional decision has led him to earn an impressive $175,000 annually. The repair industry, which includes jobs like fixing appliances and electronics, is seeing a surge in demand.

Data from the Bureau of Labor Statistics shows a 5% growth in repair jobs over the past five years, outpacing many white-collar professions.

Why It Matters?

This story underscores a significant trend in the job market: practical, hands-on skills can be just as lucrative, if not more so, than a college degree. With student loan debt soaring and the job market becoming increasingly competitive, many young people are re-evaluating the traditional college path.

Skilled trades offer a viable and often more financially rewarding alternative. This shift has broader economic implications, potentially reshaping workforce development and educational priorities.

What’s Next?

Expect continued growth in the demand for skilled trades, driven by aging infrastructure and the need for repairs and maintenance. Investors should watch companies in the repair and maintenance sector, as they stand to benefit from this trend.

Additionally, the education sector may see changes, with more emphasis on vocational training and apprenticeship programs. The long-term economic impact could include a more diversified and resilient job market, with less dependence on traditional white-collar jobs.

Source: Wall Street Journal
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018