As a tradesperson, your income likely fluctuates throughout the year. One month you’re turning down work, the next you’re wondering when the phone will ring again. This feast-or-famine cycle is common in the trades—whether you’re a plumber dealing with seasonal emergencies, an electrician navigating construction schedules, or a carpenter balancing multiple project timelines. The challenge: … Read more
As a skilled electrician, you’ve mastered the technical aspects of your trade—from complex wiring to code compliance. But when it comes to the business structure of your electrical contracting operation, the decision between operating as a sole proprietor or forming an LLC might seem less clear-cut. This choice impacts everything from your personal liability exposure … Read more
As an independent contractor in the trades, you’re used to building and fixing things that last. But are you building a financial future that’s just as durable? The hard truth: Many self-employed tradespeople reach retirement age with inadequate savings. Without an employer-sponsored 401(k) or pension plan, the responsibility falls entirely on your shoulders. The good … Read more
As a skilled tradesperson, you’re an expert at your craft—whether that’s electrical work, plumbing, carpentry, or another specialized trade. But when it comes to taxes? That might not be your strongest skill set. Here’s the thing: missing legitimate tax deductions is like leaving money on the table. And in trades where profit margins can already … Read more
Bitcoin is a decentralized digital currency that was created in 2009 by an unknown individual or group of individuals using the pseudonym “Satoshi Nakamoto.” It is based on a peer-to-peer network that allows for the transfer of value between users without the need for intermediaries such as banks. The idea of a decentralized digital currency … Read more
In the event of an accident that wasn’t your fault, you are entitled to seek compensation from the person or company that caused the accident, but sometimes it can take weeks or even months to receive this compensation. If you don’t have enough money set aside to cover medical bills, vehicle repairs, and other expenses … Read more
Stocks are one of the most popular investments in the world, and if you’re thinking about buying them, it’s important to understand how they work and how they can help your bottom line grow. If you’re still not quite sure what stocks are or how to start investing in them, don’t worry—we’ll lay out everything … Read more
A health care proxy, also called an advance health care directive, lets you appoint someone to make important medical decisions on your behalf in the event that you can no longer make those decisions yourself. By making this document, you are making sure that your family and healthcare providers know what you want at the … Read more
Have you ever found yourself overspending on something you didn’t really need? Perhaps you took out a larger loan than you could afford, or you bought more house than you needed. Financial blind spots can make it easy to do things that you know aren’t in your best interest but that you can’t seem to … Read more
Rent escrow is one of the best ways to protect yourself as a renter, and by rent, we mean your rent check! When you put your rent into an escrow account, the money goes into a third-party bank account that protects you from both the landlord and the potential need to cover repairs. Whether you’re … Read more