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I\u2019ve worked for renovation companies. I have friends who are contractors. The construction industry is a dinosaur and educating yourself will help move it forward. Whether you\u2019re planning a renovation in the future, thinking about entering the business, or just want to get educated on construction, Manny from Hardcore Renos is as real as it gets. Renovation TV shows aren\u2019t real. We ask how much contractors make, about paying for jobs in cash, and if buying a home is still a good idea. We want to know the best ways to work with a contractor to not waste your money, your time, or lose your mind. Follow Manny on instagram @hardcorerenos, on his Youtube channel, and listen to his podcast, \u201cthe construction life.\u201d you\u2019ll love the stuff he posts.\xa0

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Today, I\u2019m joined by Ratehub\u2019s VP of marketing Luke Sheehan and content strategist, Hyder Owainati.\xa0

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Real Money Talk is brought to you by EQ bank and the EQ Bank Savings Plus account

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Season 2 we look at everyday life, work, through the lens of money.\xa0

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[0:00 - 1:41] intro

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[1:42 - 3:08] Renovation TV isn\u2019t real. Follow Manny on social media, youtube, and his website, Hardcore Renos.\xa0

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[3:09 - 6:55] Money mistakes - hotel deal discounts, construction mistakes, gift cards for dining out, buying your own materials for a renovation

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[6:56 - 8:40] Should a homeowner buy their own materials for a renovation?\xa0

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[8:41 - 9:22] Luke has no skills

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[9:23 - 13:00] What\u2019s the hardcore renos story? Film to renovation, social media, networking, growth, being vocal.\xa0

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[13:01 - 14:21] You\u2019re trying to change the industry. Give clarity to renovations. Everyone wants to make a lot of money for a little bit of work. Walk, don\u2019t run.\xa0

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[14:22 - 16:47] What insights do you have that other contractors don\u2019t want you to know

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[16:48 - 21:24] Do you think contractors are paid appropriately? How much do contractors make? Canada needs trades people - what do we do?

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[21:25 - 23:20] What tips do you have for consumers in doing a renovation? This Old House is not a fabrication. It\u2019s quality. Research and watch TV but know it\u2019s not for real.\xa0

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[23:21 - 25:42] How should you pay a contractor? Project management fees? Percentages? Should you pay a contractor in cash? Woodbridge visa.\xa0

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[25:43 - 28:23] Is there a cash price in renovation?\xa0

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[28:24 - 30:05] Is buying a house still a good investment? Passive income in rental properties? Flip a house?\xa0

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[30:06 - 31:24] Invest money in your house to sell it. Is it true? Where you should spend money on a house\xa0 - Kitchen, Bath and\u2026?

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[31:25 - The value of in floor hydronic heating vs. forced air furnace. Updating your old radiators. Forced air and other people's breath.\xa0

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[33:05 - 33:27] Funny story about conversation overheard by mom through ducting

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[33:28 - 35:44] What are some renovation tips to get the most bang for your buck?\xa0

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[35:45 - 37:16] On heated toilet seats and bidets.\xa0

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[37:18 - 38:07] On storage and planning out your reno based on the dynamic of the family

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[38:08 - 39:49] What are the worst ideas people have for a renovation? Any case where you want to say no to what the client wants?

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[39:50 - 45:59] Rapid fire questions - what\u2019s in your wallet? What\u2019s the most useful tool every contractor should have? Holmes on Homes yes or no? Jiffy app/Homestars yay or nay? Quote on a billboard? What\u2019s the biggest mistake a client will make? How should the younger generation of contractors get ahead in the industry?

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[46:00 - 47:54] Decimal financial tip of the week - Keep your savings goals lean

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[47:55 - 49:10] Outro