Save your 150K, use half of 100K for a older truck free and clear and the other half to protect your new trucking company of one truck INC while protecting your 50K in personal savings never touched but added to.
Most people go into debt to get into owning a truck. (I have, about 1994 I signed a note for 41000 dollars to buy a midroof 120 with a 400+ cat which was pretty much the best of the 30 or so tractors he had on the property. Due to discrimination (Am deaf) the seller ripped out the note and told me scram. That’s that I guess. It would have been two trucks, then four then 8 and so on. But no. I don’t worry about that.
It is WAY better to buy a truck with cash free and clear, even twice as good to have quite a bit for future business problems with that truck and quite a bit saved up. So 50, 50 and 50 done. Truck, business and savings. That does not mean spend all 50 of Business the first 6 months neither. Your proceeds should continually add to the business savings and personal savings. In about a decade it’s quite possible you have a million plus. POSSIBLE….
A million does not go as far as it used to. In the 80’s I lived as a Lord on 27000, in 2001 I took in 67000 with help of spouse and we were absolutely debt free. 9-11 hurt us but savings carried us through and it was repaid eventually. But not as bad as it would have been on unemployment.
