Well, they’d be shorter days, at least…
I have got to get more serious about implementing this. I have such a hard time saying no to fitting in an extra job on that “day off”. But I know it’ll pay off in the long run.
It’s all good Jeff.
Hey Alex. This has helped me a lot. Try it out. I promise you will be glad you did.
That tractor’s SEXY. Love the clean glass too.
My bad. I was doing a demo for a video. Lol.
Location is a huge factor. A one person operation in a big city is going to be very different than a one person operation in an affluent mountain town like Aspen or Jackson Hole. The latter is going to make more $$$ but will also have a higher cost of living.
I’m curious what you ended up paying in taxes? How many days per week did you work and how many hours? Thanks!
last year I think it was 10 or 11 thousand for taxes, during 9 months of the year when we were able to stay busy I worked about 45 to 50 hours a week but sometimes a lot less during the winter.
How many years have you been doing this?
since dec 16th 2014
started out solo and became a general partnership in 2016
So I’ll have about three to four months to work. I’m hoping to get enough residential, over the next couple years to keep me doing three to four good sized homes in the $500,000 sale price range (meaning the market value of the house) per week. Based on my WC business from many years ago, this will mean four to five days a week. I’ve worked my butt off in the IT world leaving a nice salaried job of $80,000 because Mom and Dad have so many health problems that I had to move closer to them, only to land in the $50,000 a year range. They under-pay for someone who has been doing this for almost 30 years. It’s insulting. I work with a bunch of incredibly weird people and supervisors that all seem to be on a power high and micro-manage everything you say and do (even though you’ve been doing this way longer than these younger supervisors) and they are driving me nuts! If the pay were at least $65,000 I could deal with these nuts, but it’s become too stressful for the little money I’m making. I feel that I can close to double my income if it doesn’t rain too much. The problem then is how much I will end up paying out in taxes and Health insurance. If I can gross $70,000 then after taxes and Health Insurance, I’m looking at a net of MAYBE $60,000. $10k more than I make now in IT, plus, without all the nuts and micro-managing and high stress I have in the IT world. BUT… With four months of residential work, and if I can gross at least $6000 per month, that’s only $24,000 gross. No where near enough what I need for the year. So I guess I have to diversify… painting in the winter? Fall leaf cleanup jobs, several cleaning jobs at night. I don’t know… I really wish I could move to somewhere warm all year round. Can’t do that. Family needs me in New England. But I am so done with the IT world. I want out so bad!
If you gross 70000 gotta figure 25% for taxes then expenses so that’s gonna leave you close to on 50000. Depends what state your in too