Freedom 40 in 40 – Part VI

Today we are going to look at skills which is a form of independence that is under used by many.  After all if you can do it yourself, then you don’t often need to call in someone else to fix minor stuff and that can save you a boatload of money over the years.  The side effect of this is you also tend to have a bit more pride in your possessions since you can handle things yourself.

Skills are a very subjective area to discuss, so to help that along I’m outlining my basic criteria for evaluating my skills.  First off I’m going to say that some skills really don’t have much money saving potential, instead you do them because you actually enjoy it.  Others on the other hand aren’t fun at all to you, but save a lot of money.  You need to find the balance between these to sets to make your life enjoyable.  It’s okay to keep your skills limited to just basic repairs in an area that you don’t enjoy and then expand your skills in areas that you do enjoy.  For me I’ll be using the following scale:

  • None – Not skilled at all in this area.
  • Low – Can do minor things, but lack any ability to do complex tasks.
  • Moderate – Progressing towards more complex tasks.
  • Advanced – Could get others to pay me to do that skill.

The following is my crude skill list of things that have have occurred to me and my self assessment of my current skills level.  A cautionary tale on this list…I tend to assess myself lower than my peer group would for a skill set. I know I don’t have it all down, but it should help me figure out what I want to improve.

  • Cooking – Advanced
  • Wine Making – Moderate
  • Gardening – Low
  • Landscaping – Low
  • Interior Design – Moderate
  • Painting (Walls) – Moderate
  • Plumbing – Low
  • Electrical – Low
  • Carpentry – Low
  • Floor Installation – Moderate
  • Cleaning – Moderate
  • Car Maintenance – Low
  • Car Repair -None
  • Organizing – Moderate
  • Arts: Writing – Fiction Moderate, Non-Fiction Advanced
  • Arts: Editing – Moderate
  • Arts: Painting – Low
  • Software Troubleshooting – Moderate
  • Hardware Troubleshooting – Low
  • Computer Coding – None/Low
  • Publishing – Moderate
  • Organization Governance – Moderate
  • Office Software Usage – Moderate
  • Sewing – Low
  • Retirement Planning – Advanced
  • Investment Planning – Moderate
  • Data analysis – Advanced
  • Researching – Moderate


So in general I am happy with that list but a few areas that could be helpful to develop are plumbing, electrical and carpentry. So in the next year I would like to either do a project or help on one in each area. Otherwise I am fairly happy with that list.

So what skills do you want to develop?

4 thoughts on “Freedom 40 in 40 – Part VI”

  1. I always wanted to learn plumbing, electrical, carpentry. I was quite jealous of my buddy whose dad taught him how to build stuff with wood as my dad had no skills on those whatsoever. Haha

    I have been going to free ice-skating 2-3 times a month to a community centre and want to learn how to t-stop, hockey stop etc.. It is going to cost 10-20 more falls but I will eventually get it.


  2. My hubby is a jack-of-all-trades trades kinda guy, do it yourself and learn as you go which is a huge factor with our finances. He trades his automotive repair skills for other things – golf membership, landscaping trees for our yard- and if he doesn’t know how, he Googles everything. Such a vast sea of information on the Internet now with forums on everything and u tube videos to go along with it. The other day we were discussing his cousin’s unfortunate situation with her broken furnace. He said “is her Google broken? If her Google isn’t broken, she doesn’t have problem.”

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