In this episode, recorded live at the SRC Summit, Richie Rossouw of Thunder Media sits down with wealth advisor Jason Solomon, from Tactical Investment Advisors, to talk about smart financial strategies for contractors.
You’ll learn:
-How storm contractors can manage feast-or-famine income cycles -The dangers of putting too much money into high-risk assets like crypto -Tax-saving strategies like SEP IRAs, Solo 401(k)s, and defined benefit plans -Why structuring your business (LLC, S-Corp, etc.) matters for your financial future -The mindset shift from making money to building and preserving wealth -Why working with a wealth advisor is like hiring a fitness coach for your finances
Whether you're just starting out or you've already hit seven figures, this conversation is packed with actionable advice on how to protect and grow your money.
00:41 – Jason’s Background 02:48 – Feast and Famine in Storm Contracting 03:35 – Crypto and Risky Investments 05:20 – Tax-Saving Strategies for Contractors 07:00 – When Should You Talk to a Wealth Advisor? 11:00 – Jason’s Investment Strategy 13:50 – Biggest Financial Mistakes Contractors Make 21:15 – Business Owners Need to Review Their Finances 23:00 – People Avoid Looking at Bad Financial Data 24:10 – Most Americans Have Little to No Savings 25:00 – Set a Simple Goal: Review Financials Monthly 26:30 – How a Modest Earner Retired with $2.6 Million 28:20 – Roofers Can Do Even More Than Employees 29:30 – Step One: Emergency Fund 30:10 – Step Two: Invest and Work with a Pro
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