The point is that one COULD earn 90K that's what we were talking about. Not suggesting that each piano or handyman would be equally successful.
No!
The point is that they could not earn 90K by selling piano lessons
No way in hell, this teacher is able to sell 2000 hours per year @ $45/ hr
My buddy has been doing a ton of renos and he's found the hardest part of getting things done was coordinating windows for people to come in as they are so busy.....granted some a licenced trades like plumbers, electricians but even the dry wallers and floor installation and painters were booked solid.
Ask him how easy it would be for a teacher to drop the books and try and earn 90K per year doing renos
1. Say goodbye to the 2 1/2 months off in the summer
2. Job stability is a huge risk here as changes in the housing market could (and probably will) alter the profitability of renovating a property
3. The even bigger risk is said teacher would have to put up and risk capital, probably on more than one property if he / she is targeting 90K/ year.
While some may have the balls to risk $, in general teacher are risk adverse having chossen the stability of govt work
While access to capital should not be an issue (after all they have soaked the province pretty good for big $) having multiple mortgages when the music stops can financially cripple a person
4. Underestimating the amount / cost of required work, unexpected costly surprises, underestimating the time required to compete such a project and overpaying for a property are risks that any person that does renos has to deal with, however these also tend to decrease with the amount of experience
Again 1/1000 teachers could successfully transition from class room to reno specialist and earn a consistent K
A higher proportion might do well enough to maintain a lower lifestyle (EG. 25-50 K)
Some will just break even on the jobs and a few would screw it right up and lose their investment capital
Again 1/1000 teachers could make it work