So I'm 36 years old, last year I started my own construction business, I did 180k gross and after all expenses made 95k net
This year, I've done 2.2 million gross, and so far this year, I've made roughly 980k net, after all expenses.
Edit: I landed my 1st contract in September 2022, so the 180k was generated in 3 months' time.
Back story... I came from nothing. Literally, parents were tweakers, and i grew up in grouphomes and was homeless for a while until i took up construction. took a decade to break 100k a year, no college, high school drop out, just perseverance and showing up.
Durring the pandemic, the company I worked for went under, and I gathered the pieces and went for it.
So now here I am, I'm making more than I ever have and I have no clue what to do with the money. I bought a Mobil home, my monthly expenses are 215 space rent, 300 utilities etc.. so say 1200 a month total. I'm paying more in taxes than I made in the last 8 years, lol. What should I do? What should I be reading? What topics do I need to rapidly learn to take advantage of my current situation before I screw it all up and look back with the "I wish I would have" thoughts
Edit: I do have a CPA, and have a general understanding of 401k, Roth IRA and Health savings plans. I'm hoping for more advanced suggestions 🙏
Submitted September 17, 2023 at 10:18PM by gotslayer https://ift.tt/HcLh1JR
