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Contractor Success Forum
Tips and advice to run a successful construction business from two long-term industry professionals: Wade Carpenter, a construction CPA, and Stephen Brown, a construction bond agent. Each host has unique, but complementary views and advice from each of their 30+ years in the contracting industry. Their goal is to promote healthy, thought-provoking discussions and tips for running a better, more profitable, and successful company. Subscribe for new insights and discussion every week. Visit ContractorSuccessForum.com to view all episodes and find out more.
Contractor Success Forum
The True Cost of 'Writing It Off': Avoid a Construction Cash Flow Spiral!
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ℹ ABOUT THIS EPISODE
Discover the shocking math behind equipment purchases that contractors never see. Wade and Stephen reveal how the common advice to 'just buy it and write it off' can trap your business in a dangerous cash flow spiral.
Learn the real numbers behind lease vs buy decisions, equipment depreciation, and why that tax deduction might cost you $20,000 more than you think. Essential listening for any contractor making equipment decisions.
⌚️ Key moments in this episode:
- 00:00 Write Off Truck Myth
- 01:46 Cash Flow First Questions
- 03:02 Truck Loan Math Demo
- 05:00 Negative Equity Trap
- 08:14 Lease Versus Buy Reality
- 12:54 Repair Versus Replace
- 17:39 Section 179 Recapture Shock
- 21:43 Avoiding the Debt Spiral
- 24:13 Better Advice and Wrap Up
The Contractor Profit Blueprint is a complete guide that breaks down exactly how to identify where your money's going and start keeping more of it. This isn't theory. It's the same framework I use with contractors I work with every single day.
Head to profitfirstconstruction.com/blueprint to download your free copy.
Stop working for free. Let's get you keeping what you've earned.
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com