I am about to embark on adding 2 trucks. As I do the math, I question the limits. Isn't it feasible to keep going until I make myself a million a year? I mean, obviously if it can be done, I'm thinking those types that might make that kind of money, don't spend their days here catching up. So anybody here know anyone that got close or maybe yourself? I understand there are lots of variables, like where you run, who you get your loads from, whether you run for dedicated shippers etc. but what are your thoughts on the end goal? My math says it's actually quite easy and it's in the number of trucks.
$1 million Owner Operator
Discussion in 'Ask An Owner Operator' started by Big Lebowski, Jul 7, 2021.
Page 1 of 6
-
Jarhed1964, slow.rider and TallJoe Thank this.
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
Maybe a millionaire trucking businessman will enlighten us here....
How many trucks are needed to get there....? -
I 100% agree on the recruiting and retention. Not to mention the management of safety and insurance costs. But 100 trucks seems high based on my calculator. But that's why I ask. I might just be naive. Because if it was as simple as what I come up with, it'd been done every day long before I got here. Thank you for your reply.
Badmon, Jarhed1964, slow.rider and 1 other person Thank this. -
I see many guys get 3 trucks, stop driving and live in that space. I may live on the road but I'm convinced I make more money than them. I don't go home every chance I get. And I am one that is never satisfied with yesterdays goals because today is a new day. I also know of another that has around 30 O/O's and he continues to drive occasionally for extra income. I've never asked but I've assumed he does very well. $1M? Not sure. He doesn't live like one. But that's not his style. So even if he was, I'm not sure i would know.
77fib77, feldsforever, Midwest Trucker and 1 other person Thank this. -
Is a million per year even a possibility? @Midwest Trucker how big a fleet size, can you estimate, would it take to become a member of a real millionaire club?Badmon and Midwest Trucker Thank this. -
Isn't there an old saying "How do you make a million dollars in trucking?"..."You start with 2 million and work your way down"
BigBob410, Roger McG, Mattmanstroked and 13 others Thank this. -
It's going to take at least 100 trucks to pay yourself a million a year, I'm not sure 100 would do it. I'm assuming that's what you're aiming for. None of the guys I know with more than a dozen or so are anywhere close to clearing that much in a year, at least not that you can tell by their lifestyle. They've got nice houses and drive nice vehicles, but so do the local Deere mechanics.
Badmon, feldsforever, Bean Jr. and 3 others Thank this. -
Badmon, EuropeanTrucker, Bean Jr. and 4 others Thank this.
-
I know three ways to spend money.
The fastest - casino.
Most enjoyable - women.
And the most reliable one is to invest in the trucking business.D.Tibbitt, Badmon, feldsforever and 5 others Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 1 of 6