Basic Trope: Pro wrestlers often have second jobs, and wear attire more appropriate for those jobs as wrestling gear.
Played Straight: Walt Wrestler is a card-carrying member of the WTF, but still works as a desk jockey outside of the ring and rents an apartment rather than owning a house. He comes to the ring still wearing his shirt and tie from his day job.
Exaggerated: Walt Wrestler lives in a cardboard box on the street. He comes to the ring in filthy rags, with his "home" slung over his shoulder.
Inverted: Walt Wrestler makes more than six figures a year, and lives in a Big Fancy House in a gated community.
Justified: The WTF is a small independent company; it doesn't have a lot of money to pay its employees large incomes.
Subverted: Walt Wrestler makes six figures a year
Walt is reasonably well off, but his Kayfabe character is explicitly poor.
Double Subverted: But only a small portion of that comes from the WTF. The rest comes from stock trading.
Deconstructed: Having to maintain a wrestler's schedule means Walt can't hold a job very long, and he certainly can't manage on just the wrestling money, so he's forced to work a series of increasingly bad jobs during the day. Meanwhile, his ring work and win-loss record suffer as he has less and less time to train and his day jobs leave him more and more worn out.