Fastest Way To $6 Figures In Trucking?

You couldn't be farther from the truth. I am not trying to brag but I probably pay more in income taxes each year than the average person earns.

 

I'd hate to see you trying then.

 

I am just trying to offer some sound advice to the OP based on what has worked for me and this other guy chimes in that "i will be broke for a long time" like I am just making this stuff up and I live in my parents basement or something.

 

Here's an article from Overdrive that provides statiscal income information from ATBS regarding current income averages for leased and independent operators.

In 2014 the average according to them was $56,167. http://www.overdriveonline.com/reco...mpaign=site_click&utm_source=in_story_related

 

ATBS is not really a good source simply for the fact that most O/O's are doing there own tax's or have there own tax guy. (Which ATBS would have NO info on) The ones that use ATBS are in a way getting ripped off as they always would rather give you no deduction in something then risk a audit.

ATBS is what England, Swift and a few others offer you to use. From what I'm told here at Knight they are normally declined by the O/O's coming over. I personally don't use them, I have a tax guy I mail off all my receipts to at the first of every month.

 

I don't use ATBS either. I do my own book keeping on Qbooks Pro 2015. I have a local CPA prepare my 1120 K-1 and incorporate that into my 1040 which I do myself. That said, I don't think ATBS "averages" are all that far off.

Now let's get ready for all the "I make $80,000 as a company driver running regionally, home four nights a week" guys. To be followed by all the "I clear $150,000 a year flatbedding" owner operators

 

Sound advice?? How is making $100 a day profit on 5-10 units sound advice. $20000 dollar repair bill takes 200 working days to pay off. Living with your folks would be the only thing you could afford.

 

Not $100 a truck per day after fuel and paying the driver but $100 a day per truck after accounting for the depreciation on the truck, repairs and maintenance, etc. I don't have hired drivers working for me so I don't know the exact numbers in trucking but what I was saying was if you could clear $100 per day each on 5-10 trucks after ALL expenses including repairs, truck replacement, tires, etc then it would be 15-30k per month in your pocket which is better then you will ever make just driving one truck yourself. It was just a general example not a business plan. The point is if you can even make what seems like a small amount of money of of a lot people it adds up.

 

That sounds great until one major repair eats all your profits....

 

That statement gauges nothing except maybe you need to improve your accounting.
I will have to say thank you since you're paying more it easier for me to pay less.