ROI

Wow I thought all you guys did was just drive all day and get payed $130k to 230k.How hard can driving be anyway.Anyone can do it. People come on here every day talking about how much money they are going to make if they become an o/o.Its a business.Just like opening a restaurant there is a lot of financial risk involved.And alot of guys are taking a lot of risk and only making company driver pay after all there expenses.Plus no health insurance and no 401k.And when they make it home they have to spend all there time under the truck working on it.Or calling customers.Don’t forget to start saving for that next truck.You will never get a break.Thats a 1 truck business.Enjoy that 40k net was it worth it

 

This is going to get interesting

 

@Roy2024

160k miles is really high for someone new, meaning every run would have to work out perfectly with little to no waiting. It also means you would have no deadhead miles ran for free. If you were under a contract dedicated to a certain customer it might be possible, but then you would need a second trailer.

I would lower that figure to 100-110k miles a year for the first year. Insurance cost might be higher. Anticipate shutting down for Major holidays, weather, etc. Then there are self employment taxes, miscellaneous expenses like cell phone plans, internet service, loadboard memberships, paying the CPA, all the other taxes and fees like the 2290 etc.
Search on here for some threads by BlairandGretchen, BoyWander and DoubleYellow who chronicle their experiences going from company driver to owner operator. You will gain valuable insight.

 

Do you have your CDL? Go get it and drive for someone. IDK try TMC. Learn flatbeding. Do it for 6 months and think if you want to buy a truck at that point. Your married to it once you buy it.

 

Theres an old saying
"Wanna make a million dollars in trucking? Start with $2 million"

I honestly wouldn't suggest going out right into buying. I tried after a little over a year and a half in and #### near lost every thing. Seriously, My house was in foreclosure, I had bill collectors calling nonstop, my wife almost divorced me.

 

When looking at taking my truck to a new company I usually did the math based on 8,500 miles a month (100,000 miles a year). If I can at least break even at that, then I consider it further. Then if I go to work there and I do 12,000 mikes a month, now I’m making money.

 

Oh, well, in that case...




it is an even worse idea.

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