Expenses/ Salary

When I started I paid myself the absolute minimum to maintain my bills so everything extra went to the business. I paid myself $38k. No one starts fresh as an owner op and pockets $78k right off the bat and makes it.

 

I promise you will make more money as a company driver in the beginning. You need very healthy cash reserves and you don’t get that from thin air.

 

This 100 times this^^^^^^

 

1st year i had my truck i paid myself $17,000.

 

Just forget it until you have driven for a few years. you first need to drive to learn how to drive, then you need to think about how to transition to an owner. Knowing what it is really like out here matters, it is important that you don’t rush into it, or set yourself up for a failure.

You need to save up a lot of money to run the truck and have a fund for repairs. At this point it looks like $40k for repairs is a good start, and you will spend about $3k just to check out a truck to make sure it will last, nothing spells failure than an underfunded repair that can be avoided on the front end while the bills are piling up on the back end.

things are going to get worst with parts and labor costs, once when someone could get away with a $20k repair, it is growing by leaps now.