In this episode of the Skilled Trade Rescue Podcast, host Martin King sits down with Kevin Carney, owner of Pier One Insurance Group and veteran financial advisor. Together, they unpack practical money strategies that every skilled trade professional should know.
From maximizing your 401(k) and IRA to building a six-month emergency fund, Kevin explains the real-world habits that separate financial stress from financial freedom. You’ll also learn about disability insurance, budgeting, and how to protect your income if the unexpected happens.
Whether you’re a new apprentice or a seasoned trades business owner, this episode delivers actionable tools to take control of your money and your future.
Timestamps:
0:00 – Introduction to Kevin Carney
2:00 – The missing piece: financial training in the trades
3:00 – Where to start: 401(k), IRA, and annuities
5:00 – Budgeting and paying yourself first
7:00 – Disability insurance: why it matters
12:00 – Dollar-cost averaging explained
15:00 – The “Bucket Approach” to saving and investing
18:00 – Managing emotions when markets drop
20:00 – 401(k)s and ACA subsidies for self-employed tradespeople
23:00 – Roth vs. Traditional IRA—Kevin’s take
25:00 – Why every small business owner needs a CPA
27:00 – Kevin’s business, licensing, and how to reach him
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