8 Things That Are a Complete Waste of Your Money as a Contractor

Update: 2025-11-19

Description

Are you spending money in your business, thinking it’s an “investment” but not seeing anything come back? In this episode, Chris G. talks straight about the things contractors often waste time and money on: underpriced jobs, shiny new gear, bad hires, unused software, and more. You’ll hear why cheap work attracts cheap clients, how to figure out your real profit, and why you should stop doing jobs you hate (or aren’t great at). Most importantly, we talk about why you are your best investment, and how to treat yourself like the asset you are. If you’ve ever asked, “Where did all my money go?” this one's for you.

Episode highlights:
(0:00 ) Intro
(0:36 ) What actually counts as a real investment
(2:08 ) Undercharging and why it's costing you more than you think
(3:45 ) Hiring the wrong people and what to do instead
(4:48 ) Subscriptions and software you forgot you’re even paying for
(6:12 ) Taking on work you shouldn’t be doing
(7:48 ) Throwing money at ads without a plan
(8:37 ) Do you really need that brand-new truck?
(12:25 ) You’ve got to pay yourself because your time matters
(13:32 ) The most overlooked investment: yourself
(16:56 ) Outro

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