We Made $4.5 Million Doing This

We Made $4.5 Million Doing This
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[@flsupraguy]

There is a difference between gross and net....

[@dylanc1925]

Sounds like he’s closer to 50% profit margin

[@alphagenisis1]

Ok ??

[@BrendaBodwin]

He said they profited , have already bern paid, 1.5 million and have almost another 1 million in accounts receivable, which puts him at about 50% profit.

[@dlmac]

I thought Dave was saying 17, not 7 team members.

[@banditone7896]

Frog protection...

[@royalredus]

LOL Dave hates electric vehicles! But I'm happy for this guy. Sounds like he's crushing it.

[@alphagenisis1]

He likely disagrees with how the government is subsidizing EV buying. I don’t think he has strong opinions against the EV concept.

[@royalredus]

@@alphagenisis1 That's a good point.

[@RamblingRiyzen]

So after taxes in Canada, and capital gains tax, then he would have about 500k left over.

[@Easyway1969]

Obviously you have never ran a business. I own a business in Canada and you got your figures dead wrong. Your problem with the government doesn’t warrant untruthful information.

[@misplaced_hoosier]

But he's in Ft. Lauderdale, Florida...

[@BrendaBodwin]

From 2.5 million.... hed have way more than 500k left, but at 67% its rediculous. But, He's in the USA, where currently he'd pay 37%, unless he costs it into a tax shelter like an IRA, a Roth, a CD, a Bond, Real Estate, etc. Then you only pay tax on the amounts you take back out, rather than the higher tax paid on the entire amount. Most people go for the large build up, and take what it earns to live on. Greatly lowering the tax amount, and providing years of retirement income, when you retire, while keeping the base amount in tact, and untaxed.

[@a.m811]

How do you manage to pull 4.5m with 7 employers

[@TS6815]

high capex on hardware/materials likely. If you charge 50k to install 400k in materials, your topline is 450k. same idea

[@gregjones1339]

This is a new level of clickbait Ramsey lol

[@alphagenisis1]

Explain.. please…

[@alphagenisis1]

Explain… Please….

[@thestorybehindthat5236]

First homeschooler I've heard of that's done exceptionally well.

[@farzana6676]

Tyson Fury. Gypsy King. No high school.