Worried about your finances?
You’re not alone. Most tradies have no idea how to manage their money and wind up losing out in the long run. That’s where we come in – we offer professional financial advice for tradies that will help you protect your wealth, increase your wealth and feel more confident about your future.
We want you to enjoy the retirement you’ve worked hard for, without having to worry about money. We’ll help you make the most of every dollar, so you can relax and enjoy life without stress. Plus, our advice will help you leave a lasting legacy for your loved ones.
How to Make the Most of Your Money
Financial advice is often necessary for people who work hard at their job and have lots of responsibility. It can help ensure that you’re making the most of your salary or business income, save time trying to figure things like budgeting and investing on your own when it comes down to a tough decision about whether something needs replacing in the office—and most importantly, if there are any opportunities coming up with new contracts which might increase how much money we make!
A lot goes into running our businesses successfully each day, but no one teaches you how to manage money as part of your trade! Financial advice can be incredibly helpful in achieving this goal. Here are some of the benefits of financial advice for tradies:
- You’ll learn how to budget your money effectively and save for retirement.
- Ensure the safety of yourself, your family, and your business.
- You’ll know how to invest your money wisely.
- Financial advisers can help you find tax breaks and deductions that you may not have known about before.
It can be hard to come by good financial advice for tradies these days, but luckily, Wealth Factory is here when you need us. As financial advisers, we offer a wealth of knowledge and experience that could help with any money-related problems, whether they’re small or big issues.
The benefits don’t stop at just being able to use your earnings wisely; even something as simple (and sometimes overlooked) as saving up for retirement might take on new importance after hearing what an expert has to say about recommended investment strategies in comparison with others.
It’s a shame that tradies don’t learn financial management skills because they will be in control of their lives for the rest of their lives.
We often hear how tradespeople are not relying on super for retirement and expect to have a property portfolio. In our experience, once we explain the tax breaks of self-employed tradies’ contributions, there has been enough interest that they want more information about it-who doesn’t love saving some money?
Self-employed tradies often miss out on the potential for tax breaks when it comes to their retirement savings. We explain the benefits of superannuation and how they can help with property investments too.
Are you a tradie looking for reliable financial advice?
We offer tailored financial advice specifically designed with tradies in mind. Whether you need assistance creating a budget, understanding complex tax laws, or investing in retirement funds, our team has you covered.
The first thing that doesn’t get paid for self-employed tradies is often their superannuation, in our experience. This means, over time, they can fall behind on their retirement savings and miss out on potential tax breaks from super contributions. We often hear how tradespeople are not relying on super for retirement and often expect to have a property portfolio. Once we explain the tax breaks of superannuation, we often find their interest increases substantially, as who doesn’t love to save a bit of tax?
As a tradie in Australia, you can get income tax deductions for work-related expenses that you paid for yourself and were not reimbursed by anyone else. These expenses may include clothing, tools and equipment, travel and accommodation when working away from home, training courses, licenses and certifications, and union fees. Don’t forget to keep the official receipts, invoices, or bank statements to prove the purchase of the items when filing your tax return.
Financial Advice for Tradies
Tradies can make a good hourly income and can run a profitable business as their services are always in demand. Your income as a tradie is heavily dependent on your body. Despite zealously managing your finances and keeping your spending in check, unexpected events like accidents and illnesses can get in the way of your money-saving goals.
Personal insurance will protect you financially in case anything happens while on this project (or any other), but also keep careful tabs so nothing depletes what funds might be available when needed most should things not go according to plan. This will protect you from such a loss of savings during tough times when money becomes tight due to illness or injury.
If you want to get ahead of the pack and improve your finances, get in touch with us and get on the path to the retirement you have worked hard for and deserve.
Are you a tradie looking to get the most out of your finances?
Our client-first approach will ensure that you receive reliable, up-to-date advice that takes into account your individual circumstances and needs. Our expert can help get you on the right track towards achieving your financial goals.
