I've been doing the expediting thing since 2005 and there was no time in my expediting career that I wasn't able to support my family. I drove a Sprinter from 2005 to 2016 and since then a straight truck solo. I changed some companies since I started, and I made money with all companies, from big to small, until I didn't and then I moved on. I'm making good money for me and my family now in a solo straight and I will continue doing it until I don't. Then I will be moving on.
The key for me was staying out of debt and having an emergency fund big enough to cover any unforeseen expenses.
I financed the Sprinter though and I paid it off early. I actually paid it off during the slow down of 2007-8. I wrote a check of over 12k when other expediters were dropping like flies. It is not that hard to pay a vehicle off even in a downturn of the economy if you are not drowned out in debt. Now my only debt is the house which will be paid off in a few years, 5 or less. I bought my straight truck in cash,I am telling you guys, debt is a killer.
If you are in debt now, I would not buy anything and start a new business. Being under funded is a recipe for disaster. Pay your debt off, then get into this.
Awesome! Say no more, Lol.... I totally agree.
In this business, whether I bring in $300 a week or $3000 a week means nothing when there are debts.
But when I have zero debt and made $300 or $3000, I get to keep it.
Actually, It's a simple strategy. the hard part is trying to find the creative ways to bring those debts close to the zero as much as possible.
My thought, we can't be creative until we turn that creative switch on. And leave it on, Lol...
And in my opinion, whatever one chose to drive, having only the knowledge of driving won't be enough, vast amount of financial know-how and an unwavering discipline are required to stay profit in this business.