TradesWave Wealth

Schedule a 15 minute introduction call

A scholarship resource to fund student journeys from the classroom to the jobsite.
Financial education resources and an efficient financial plan to put your wealth building journey in motion now.
Personalized investing, allowing you to invest according to your interests, values, and concerns or in economic trends & opportunities you care about.

Founder at TradesWave Wealth, one focus area of my practice is helping trades professionals build wealth.
Read my client reviews here.

Read Our Client Reviews

Download Our Free Wealth Building Guide Above

A Real TradesWave Client Story

"Mark" is a real client and these are his real numbers.

He's 19 and graduated from East Central College welding school in December.
He began working with a recruiter and he's been willing to travel and live temporarily in OH and IN for job assignments.

In our meeting we jointly set the following goals:

Emergency Fund - Based on a monthly spending of $4,000 we set a goal of $24,000 of emergency savings ($4,000 x 6 months).
Truck Fund - Mark would like $25,000 to make a substantial payment towards a vehicle that can carry his equipment.

The Strategy:

Adjust tax withholding: Without adjustments Mark was projected to owe more than $10,000 in tax next April. We will continue doing tax projections and adjust as the year progresses.
Reduce Bank Cash: His bank accounts were paying less than 1% interest. We took the following approach:
- 1 month's expenses kept in checking
- 1 month in savings for quick access if needed.
- All new funds are transferred to high yield savings earning 3x more or invested monthly into his Roth IRA.
Establish High Yield Savings Account: Mark setup 2 accounts named:
- Emergency Savings
- Truck Fund
Automate Contributions: Mark started saving $1,500 per week in January using the Altruist app with scheduled transfers to High Yield Savings.
Roth IRA: We also automated a $500 per month contribution towards maxing out his 2025 contribution limit of $7,000.
Estate and Insurance Basics: Beneficiary designations for his HYSAs and Roth IRAs, Payable on Death for his bank accounts, Transfer on Death for his vehicle, and other basics we set as projects.

Plan Update

You can see below his individual net worth is already approaching $40,000 in 6 months since graduation with none of this due to stock market appreciation. Mark is off to a very strong start in life now.
Investing - With a solid emergency fund in place, Mark is now investing:
- $1,000 a week to an 80% stock/20% bond strategy with an aggressive 30% satellite allocation. You can learn more about this strategy here.
- Mark is also saving $500 per week in high yield savings for his truck fund.

Read The Weekly Wealth Builders Newsletter

Schedule a 15 minute introduction call

Page updated

Google Sites

Report abuse