Picking my own freight baby! My journey to & of being on Schneider choice, the Adventure & Numbers!

A couple of Schneider you tubers are over there.

 

Just caught myself up on all this Travel Loko stuff. Looks like one big YouTuber circle #### to me. The owner had better be careful. The minute something goes sour these same guys singing all this praise will be the ones publicly bashing his business into the ground. Not going to even get into the Volvo lease. Lol

Please excuse me while I through my phone in the trash and take a bleach shower with a wire brush.

 

Here is a question that may be easier to answer than the age old "how much do you make?"

On average what percentage of your total gross do you keep after ALL expenses including taxes?

I'm talking money that is yours to do with as you please after the company is taken care of. Are we talking 10-15% or closer to 20-25%?

I understand that this also varies on how you run and how much you work, but I also find it an easier metric than "how much money will I make?"

 

I was 43% last year, but I had no tax bill for 2016, and I was in between companies, so expenses were pretty high. I always aim for +50% before taxes.. Everybody's tax situations are so different, so throwing that in there really muddies the waters.

 

If I remember correctly you also do not have a truck payment correct?

 

I do have a truck payment. And now a trailer payment as well. New equipment was a big reason why I didn't have a tax bill for last year and probably won't this year either.

 

The only way to get accurate you would look at your schedule C, for the last couple of years. I would take the last 3 years for average. For the 1st year for some people, it could be a learning curve. You should progress as the years go by or stay stable.

 

Not familiar with schedule c as yet. I figured if I had a rough average of the percentage I could then extrapolate out about how much I would need to earn to keep the business running and then further to determine about how much I could bank based on different performances.

 

A lot depends on your business model.

Equipment cost, running lanes, days /yr running, cost of living if your in the truck, etc...