I think what it comes down to is a lot of people don’t pay themselves. Then, they dip into those “profits” and next thing they know they’re stuck in their old truck and can’t fathom a new one that’s much more efficient.
Waiting on New Trucks thread.
Discussion in 'Ask An Owner Operator' started by Midwest Trucker, Oct 12, 2021.
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There is the age old argument of people who make their income look as little as possible or a loss. Then, there is those people who make their profit as high as possible and buy equipment and utilize deductions to lessen their tax burden.
I’ve never understood trying to lose money or “break even” tax wise. To me that’s just maintaining and not getting ahead. If all you want is to make a living then fine but some of us are trying to get rich.
I see a lot of posts from newbies where they say they aren’t trying to get rich but just make a living. Fine.. do you. Why not just drive a company truck then?
I have a saying that I love trucks, I like trucking, but I’m not doing this for fun. It’s far too stressful. I’m doing this to make MONEY. Real money. If not then wtf are we doing?
This isn’t a life style to me, this is a means to get ahead in life. I think that’s also part of the large gap between the differences in folks.MD-n14, Blue jeans, ducnut and 7 others Thank this. -
This truck, it's second year. 80K miles so far.
Just replaced front tires and a cracked rim
for $1500. And i should have go this way a
long time ago. My mistake. -
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only light work on my truck by myself. I can walk away from couple months and not even look at it until it's time to leave again. -
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