Landstar net earnings for a hard worker

$185,000 sounds like way more than enough to me. It's been said a 1,000 times in here and probably will need to be said a 1,000 times more. It isn't what you gross. It's what you keep. How is it some guys can gross $185,000 and keep over $100,000 and others keep less than half that gross? That is the question you need to be asking.

 

You already know what im going to say lol.

Theirs plenty of guys out here netting 120-200k after taxes grossing 300-500k a year. Most of them try to keep their business on the down low to keep competition out,but fellow owner operators should know whats possible in a well oiled niche operation.

 

I'd rather do it on less gross. Most of them guys doing it on $300-$500K a year gross never see home, don't know their own kids from a stranger's, get a divorce every few years. Running a rat race just like a company driver. What kind of life is that?

 

OK! that sounds exciting!
Rollin coal are you talking about a O/O just keeping his nose to the grind stone. Or are you talking about a guy with his own authority with his own customers for that kind of money?

 

@OOwannaBE blairandgretchen 's posts are spot on, along with some others on here as well. Trucking industry "experts" which I will not name lol, say north of 60,000 net is a successful owner operator. I don't think 60,000 is a bad number. True Net profit also is a tricky thing to look at because a good business man knows that he needs to get his net down low as legally possible or he will get taxed on every penny netted, so to speak.

So let's say per diem @ 237 days on the road, times that by $50 a day rough estimate is what, $11850. So that guy that netted 60k actually made closer to $71,850.

So a lot of guys will just say compare gross, because you never know what all expenses + deductions another owner has.

But there's good info on this thread and it takes a lot not to get worked up when it seems like people are attacking your character, but just take the Intel while people here are willing to give it. Compile the data and make do with it.

50-100k + net are successful numbers in my book. But many do way worse or better. These numbers apply for LS too.

But for the man living in no debt, house paid for, truck and trailer paid for, low cost of living, then 30-50k is successful too

Many variables you know. But just remember your net starts with keeping your costs low. Then it depends on your value and time management. Well that's my opinion, and my opinion is bound to change with better Intel and more experience but as of today that's how I see it.

 

Can only do so much before you need more gross. Netting 50% of gross after taxes are paid is the best you could hope for. If you only gross 180k then 90k is the most you can put in your pocket that year. Its a good wage,but some are more ambitious.

 

actually.....I meant to ask Rambling man...sorry bout that.

 

I was going to ask...what is the low end percentage of gross you would expect an O/O to keep? Like 20-25% of gross? What would the high side be? Obviously this would be dependent on a number of variables, but generally speaking.

 

At a min 33%

 

And I would say a min of 5% profit margin After payroll