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💵The Tradesperson’s Wealth Playbook: Part 2

Jun 14, 2025

From W2 to Wealth Building Pro — How to Use Your Income Like a Business

🔥 YOU'RE NOT JUST A WORKER. YOU'RE A BUSINESS ON TWO LEGS.

You clock in. You do the job. You crush the work.

But when payday hits, the system treats you like a disposable wrench.

Here’s the truth nobody tells you:

You can make $100K and still live like you're broke — unless you learn to use your income like a business owner.

This isn’t about getting an College Degree. It’s about playing the game with the same rules rich folks use.

If you’re in the trades, you already have the cash flow. Now it’s time to flip the switch to generate wealth for yourself.

 

đź’Ľ THE DIFFERENCE BETWEEN A W2 AND WEALTH

A W2 worker cashes a check and pays retail for everything.
A Wealth Building Pro funnels income through smarter systems and keeps more of what they earn.

Let’s break it down:

đź’Ą 1. Build a Tax-Advantaged Side Hustle

Most tradespeople already have one: side work.

Here’s how to scale it and make work for you:

  • Open a business bank account to keep all income and expenses separate from other accounts.

  • Start a simple Limited Liability Company (LLC), as your gig grows

  • Track income and expenses through a basic spreadsheet, trustworthy app, or resources available from your bank

  • Set aside 30% right off the top. If the IRS doesn't take it all at tax time, re-invest in yourself by adding it to your 10K cushion or other high yield savings.

Why this matters: when you're an LLC, you can write off legit business expenses and slash your taxable income.

 

đź’Ľ 2. Write Off Your Tools and Truck Like a Boss

That new tool set? The truck you haul gear in? The gas, the oil changes, even part of your phone bill? 

If it’s used for work, it can be deductible.

"90% of business owners overpay their taxes because they fail to write-off expenses they already pay for."     - mycpacoach

Here's a short list of common write-offs:

  • Tools and equipment

  • Work truck mileage (IRS rate for 2025 $0.70/mile) or lease

  • Uniforms or jobsite gear

  • Phone plan (work percentage)

  • Home office space (work percentage for mortgage, utilities, wifi, etc)

  • Business insurance

  • Cost of an accountant (CPA) to guide you as your business grows

Bottom line: these aren’t loopholes. These are the same rules available to every contractor, freelancer, and small business owner in the country. Know them and use them to keep more of your money in your pockets.

Every state and municipality is different, always consult a tax-professional

 

📊 3. Why the Tradesperson Who Thinks Like a Wealth Building Pro Wins Every Time

Most folks in the trades are trained to think day-to-day: what’s the next job, the next invoice, the next paycheck.

But the ones who win long-term start thinking like builders — not just of structures, but of systems. Systems that build freedom.

Ask yourself:

  • How can I turn today’s work into tomorrow’s income?

  • What parts of my skill set can be packaged, scaled, or taught?

  • What can I automate, delegate, or invest in to earn when I’m off the tools?

The tradesperson who thinks this way doesn’t just ride the rollercoaster of jobs. They build the damn tracks.

A true Wealth Building Pro doesn’t just work for money. They make money work for them.

 

💼 NEXT ISSUE: Part 3 — "The First $10K: Your Foundation for Financial Freedom"

We’re going deep on:

  • Why hitting your first $10K is the most powerful milestone

  • How to build it from nothing

  • And more ways to flex those money muscles 

 

📉 YOUR MOVE

This isn’t theory. This is what real tradespeople can do to stay ahead.

Build your future today. Keep what’s yours. Be wealthy now.

Go to SkilledTradeRescue.com, sign up for the mailing list to be the first to know when the Money Muscle community channel launches, with free resources, later this month.
Join our crew.

Let’s go.

 

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A weekly newsletter that will guide readers on how to elevate your skills and career to extraordinary heights while mastering the art of work-life balance. Each issue is packed with actionable tips, innovative strategies, and essential resources tailored for today's skilled professionals.
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