422: $1000 a Week Cash Flow ... from a Semi Truck?

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 10 December 2020

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ever thought about buying a semi truck and renting it out?

Yeah, me neither, until I came across Ericka.

Apparently there's big money to be made in trucking, but like any other side hustle, there's some strategy, risk, and nuance to the business.

Ericka Williams owns 12 of these giant 18-wheelers, which can generate thousands of dollars a month in profit.

Ericka has gone from delivering pizzas as a side hustle to owning a painting company, to now managing an investment portfolio that includes both real estate and semi-trucks.

If you're interested in real estate, there’s a parallel to consider with this business model. Trucks are assets you can acquire with leverage (meaning other people’s money), and essentially rent it out for weekly or monthly cash flow.

Tune in to hear:

how Ericka came across the idea of buying semi-trucks
what to look for when buying your first truck
the math, marketing, and mistakes to avoid in this side hustle

Full Show Notes: $1000 a Week Cash Flow ... from a Semi Truck?

Transcript

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0:00.0	Here's an investment vehicle, pun intended, with some high horsepower returns.
0:04.8	Is it for you? Stick around to find out.
0:07.8	What's up, what's up, Nick? Loper here. Welcome to the Side Hustle Show because business
0:15.9	opportunities are like buses. There's always another one coming.
0:19.8	Hat tip to Sir Richard Branson for that one. Today I want to introduce a side
0:24.0	hustle opportunity I discovered only recently and that's trucking. Yes as in those
0:29.0	giant 18 wheelers semi trucks today's guest owns and operates 12 of these things and
0:35.0	argues that this is something that should be on your radar. These assets can
0:39.1	generate thousands of dollars a month each, but like anything, there's some strategy and some
0:43.7	nuance to it. I'm excited to introduce Erica Williams from Erica's Classy Climb
0:48.6	on YouTube and ClassySCL.com. She's gone from delivering pizzas as a side hustle to owning a painting
0:56.7	company to now managing an investment portfolio that includes both real estate and semi trucks. And that's the parallel to consider here. Like
1:05.9	real estate here's an asset that you can acquire with leverage, meaning other
1:09.8	people's money and essentially rent it out for weekly or monthly cash flow.
1:14.8	Stay tuned as we get into some of the math and marketing and mistakes to avoid in this venture.
1:19.6	Notes and links for this one along with the full text summary with all of Erica's top tips from the call
1:24.6	are at side hustle nation.com slash Erica with a k-er I c k a this edition of the Side Hustle Show is brought to you by Skillshare.com
1:36.0	with any new side hustle. There's always lots to learn and you'll definitely hear my
1:40.3	novice level questions in this one, but thankfully Skillshare offers thousands of
1:45.1	inspiring classes for lifelong learners and creative and curious people like us.
1:50.0	You find those classes on topics like design, productivity,
1:53.4	social media, freelancing, and tons more.
	...

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