Should I Become An Owner Operator In Trucking? 

I agree with having the cash, on hand, to be able to purchase a truck, but I disagree with paying cash for the truck instead of getting a loan. Those funds should be invested, to further grow wealth, while also building credit, and a relationship, for the purchase of an additional two trucks (before hiring a driver, it's better to have an additional truck for when one of the other two is in the shop)

Also, the reserve money for repairs should be invested in a money market fund, earning around a 4% rate of return, as it offers "check writing ability", aka, immediate liquidity

been binge watching your no-nonsense videos ... thank you and much appreciated . quick question... using home equity (i.e second mortgage) to buy a truck. would you consider this a good or a bad move?

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Afternoon Tyler! I agree that debt free business is easier to manage than with debt. Your explanation of why is crystal clear! If you don't manage the truck, it will manage you! Great to hear from you and roll safe out there!

Makes sense. I’ll be company for sure at first. Following you so closely, I wouldn’t be surprised if it becomes more at the right time.

I feel like you have the best view for trucking if you wanna make money and eventually get out of the industry. Im looking to follow your similar path. I really wanna do it with real estate. I don’t really understand stocks that much but i need to do more research. Do you plan on keeping the truck on the road with a driver once you reach your financial goals? Or do you plan on selling off? You are a very smart man and have a good out look with everything! Im a company driver right now and i plan on being an O/O once i move to TX. Love watching your videos for advice on how to make more money over time. Hope to see you on the road one day!

Thanks for your perspective. I know you're just getting started as an OO, but do you find yourself spending more time working than as a company driver? If so how much more? Have you had more downtime than as an OO?

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