"Are you sure you wanna do this?", said everyone. 6 month update.

I agree 100%. Life is risk and its up to each of us how we manage it.

Security and safety are largely an illusion. Even when we feel safe, we aren't. We are not promised tomorrow.

I might save up and buy a truck. Worst case scenario, I fail and go back to driving for a company. The upside is potential access to outcomes that are simply not possible when driving for a company.

This is all basic logic and reason. The thing about us humans is that we are mostly acting and reacting based on our emotions and feelings, and our emotions and feelings are irrational by their very nature. And the irrational feeling we respond to most powerfully and frequently is fear.

 

....

 

I like a lot of what your saying but trying to figure out what the end game is? You sold your truck and trailer, and have 1 guy running on your authority currently? This one guy your giving 90%?

 

Work out of the house with bills covered till I hit 66.5 and grab my entitlement is my endgame. The opportunity to grow is present now too. I'm thinking refrigerated box truck for local stuff. I have a driver in mind but if not no go on that. Driver first with me. More time to manage Wall Street stuff.

The only way to get here is to be in position to naturally like you can't win if you don't play.

Yes, 90% goes to his truck. Less fuel and insurance of course.

 

I couldn't agree more. Unless someone has an innate passion for the trucking industry, there is no way I would go into this business if I had 100K liquid. I can think of many other ways to invest that money. Just my 2 cents.

 

I know someone with $100k so if you can tell your top winner investments for that please advise here. He has helped me get here and a good idea may help payback. Thanks

 

I think it would depend on how someone came to have 100k. If it was saved and they were able to turn a wrench and wanted to be an O/O then definitely yes.
If you inherited it or won the lottery and that's all you had then no.

I started with 0 and a loan of $2500 and cosigned loan of $8k 25 years ago. And the ability to turn a wrench and a good basic knowledge of the biz.

Either way definitely a gamble but so is life as others have said.

 

@rakusa Looks like you edited your posts like 5 mins before I saw them. What did you say? Anyone else see and can paraphrase?

 

The failure rate for restaurants is around 55 to 60% in three years....... There's just as many dreamers going into the restaurant business as go into trucking (10 Ways How Restaurants Failure Can Be Avoid - POS Sector).

Moral of the story: if you're going into business, you better be prepared....

 

I get emails about businesses for sale. Atleast half of them are always bars or restaurants. No way I’d get into either and honestly I don’t like dealing with the public either.