1. The bloke who cleared a grand last week
You’re at the trade counter and a bloke’s telling you he took a grand last week. Eyebrow up. He might well have done, and it still tells you nothing about what he makes.
Three things hide inside a number like that. It’s usually a peak week, end of the month, when tenancies run out. It’s turnover, before a drop of diesel came off it. And on the big jobs there were two in the van, so half the graft, and a chunk of the money, was somebody else’s.
None of that makes him a liar. It makes the number useless for planning yours. What you want is duller: what’s left at the end of an average month, dead Tuesdays and all.
| What he says he took | roughly £1,000 |
|---|---|
| Running the van for the week (diesel, the van itself, the cover, the road tax and the phone) | roughly £150–£380 |
| A mate for two of the days | roughly £200–£280 |
| Left before tax | roughly £340–£650 |
| Tax and National Insurance still to come. Ask an accountant | |