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!
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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. 🎉
Yes I forgot to mention that but you’re correct you can deduct the depreciation from your taxable income as well!
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.
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!
Thank you for tuning in Jon!
Thank you for tuning in Jon!
Always love the knowledge brotha! Appreciate it man💪🏾💪🏾
Thank you for watching man!
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?
That’s a good question. I’ll answer that in my next video!
Can’t you write off some of the depreciation when you do your taxes?
You can write off all of the depreciation. You can depreciate for up to 3 years and decide how to spread it out.
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