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My Josh just turned 17, business checking account (thanks Cityzens bank for allowing under 18) Mass business certificate, liability Ins. and State home improvement contractor registration.
He needs 3 years of experience to then apply for his construction supervisors license, he's 1/2 way there.
his yearly income so far in 2022 is $20k'ish, helping him prepare his taxes was priceless…😳
Rule of thumb: Every $1k you make son 1/4 goes to Uncle Sam…
get your teen son a business, get them into cars/boating or sports no time or energy for drugs and slacking, with his GF all he wants to do is eat a pizza and a movie
What he wants: be certified with large excavation machines, School $10k-$15k average hourly is over $50-$65 per in New England, in 2022 kids want skills and life training, I'm more optimistic about this new batch coming to adulthood (gen C)
By his early 20's making $100k per year is definitely possible, then comes the 2 week vacations, restoring 2002 M3's
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