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ℹ ABOUT THIS EPISODE

Having your best year ever? Don't celebrate too early! 

Wade and Stephen reveal the 7 dangerous traps that turn record-breaking years into financial disasters for contractors. 

Learn why success often hides warning signs, how to avoid the phantom profit trap, and why building reserves beats buying that lake house. 

Discover practical strategies to build sustainable profitability instead of just surviving bigger chaos. Essential listening for any contractor who wants their great year to become many great years.

⌚️ Key moments in this episode:

• 00:00 Record Year Warning
• 00:32 Why Great Years Fade
• 01:37 Home Runs and Market Luck
• 03:15 Tax Bill Trap
• 04:28 Overconfidence and Loose Bidding
• 06:05 Overhead and Equipment Hangover
• 08:19 Phantom Profit on Paper
• 09:23 Lake House Mindset
• 11:45 Discipline and Reserves
• 13:56 Post Year Questions Checklist
• 16:03 Systems Net Worth Bonding
• 17:15 Stress Test 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