Investing Into A Trucking Business Is A BLACK HOLE For Your Money!

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  • เผยแพร่เมื่อ 20 ส.ค. 2024
  • Welcome To Living Freed Channel. In this video I explain why investing into a depreciating asset like a semi truck is in fact a cash cow money maker and not a money loser. If you like the content please like the video and subscribe to the channel for more in the future!
    Crete Carrier Driver Code: FRETY
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ความคิดเห็น • 13

  • @TheJoyofTrucking
    @TheJoyofTrucking หลายเดือนก่อน

    Thanks for the shout out! Great explanation! Thanks for sharing your thoughts about depreciation of the asset. Plus…don’t forget, if you own your semi-truck, you can take a tax write-off for the depreciation. 🎉

    • @TheLivingFreedChannel
      @TheLivingFreedChannel  หลายเดือนก่อน +1

      Yes I forgot to mention that but you’re correct you can deduct the depreciation from your taxable income as well!

  • @intrasource
    @intrasource หลายเดือนก่อน

    Great video. I felt like I knew you were just off getting things done. Watching you evolve makes me more patient and educated. Looking forward.

  • @jonfelty6063
    @jonfelty6063 หลายเดือนก่อน

    Good morning, Tyler! I've heard you say I have no truck payment and I understood your point. However, at some point that truck will have to be replaced and after today's explanation (great job btw...you're an exceptional communicator) I now come full circle and understand your position. It's great to hear from you and roll safe out there! I can almost hear the sizzle!

  • @SuitedTrucker
    @SuitedTrucker หลายเดือนก่อน

    Always love the knowledge brotha! Appreciate it man💪🏾💪🏾

  • @BG-xr9jy
    @BG-xr9jy หลายเดือนก่อน

    Great video! I know you're still new to the Owner Operator world, but how much more time are you working on things other than driving? Basically, how much more are you working now than you would be as a company driver?

    • @TheLivingFreedChannel
      @TheLivingFreedChannel  หลายเดือนก่อน +1

      That’s a good question. I’ll answer that in my next video!

  • @jeffreycoon9634
    @jeffreycoon9634 หลายเดือนก่อน

    Can’t you write off some of the depreciation when you do your taxes?

    • @TheLivingFreedChannel
      @TheLivingFreedChannel  หลายเดือนก่อน +1

      You can write off all of the depreciation. You can depreciate for up to 3 years and decide how to spread it out.

  • @BenzJaguar
    @BenzJaguar หลายเดือนก่อน

    👍