How a trucker can earn decent money on investments and where to get start-up capital

Trucking jobs in the United States are very well paid. Therefore, if you wish, you can easily set aside a small amount of capital for further investment.

Photo: Shutterstock

For example, in SVB Express pay up to $ 1 per mile. On average, a company driver drives 10 to 000 miles a month. This brings him $ 12 - $ 000 monthly. This amount is significantly higher than the national average and allows you to save some of your money.

No matter how much you love the road, the change of landscapes outside the window and the feeling of freedom that a long range gives, we all dream of making money without working and calmly looking into the future, feeling a reliable financial "pillow" under us.

We've put together a selection of time-tested investments to suit truckers. They do not require extensive economic knowledge or investment experience. At the same time, they offer income with low risks.

So, the top 5 reliable investments for beginners:

1. "Without leaving the checkout"

Having earned start-up capital on a truck, it is quite natural to invest it in cargo transportation. You can invest in buying your own truck and earn as an owner operator. This is very good money. For example, in SVB Express owner operator receives 88% of the gross. And here, as they say, the sky is the limit - earnings depend only on your desire to work and can exceed $30 per month.

In addition, the truck you have purchased can be rented out to another driver and here you can really get money without working.

Another option is the referral program SVB Express - the company will pay you for the smart driver you bring to it. That is, you can find a job for a friend and also make money from it.

2. Time-tested option

Real estate is the most traditional investment, maintaining a leading position in the market for many decades. If you don’t have a family yet and there’s no rush to get your own home, then you can invest in buying a house as an investment. In a few years it will be possible to sell it for much more, and before that it can be rented out. If you already have a family, then buying a house is more profitable than renting, especially since mortgage conditions in the USA allow you to purchase a home with a down payment of 10% and low annual interest rates (2-5% depending on the conditions and your credit rating) . With the average cost of a home in the USA - 340 thousand dollars, 10-20% for a down payment for salaries in SVB Express you can save up in just a couple of years (it all depends on the state in which you live and your economy). You can find what to buy on the sites: Redfin, Zillow, Realtor.

3... US debt bonds

The US issues bonds for periods ranging from a few months to 30 years. The longer the investment period, the higher the profitability on them, and the risks are minimal, since such investments are guaranteed by the government and are designed for the growth of the US economy as a whole.

There are several types of Treasury securities that are offered with different maturities. For example, Treasury bills are short-term bonds with maturities ranging from a few days to 52 weeks. Short-term Treasury notes (T-notes) that pay investors a fixed interest rate every six months until maturity. They can be for different periods: 2, 3, 5, 7 and 10 years.

Treasury bonds also pay interest every 6 months and have a maturity of 20 to 30 years. The interest received on these securities is exempt from local taxes, but is subject to federal taxes.

The yield on them will be small (1-3% per annum), but stable.

You can purchase Treasury bonds directly from the Department of Finance via the website Treasury Direct or through a broker.

Photo: Shutterstock

4... Investment Applications and Robo Advisers

Robo Advisers are digital investment platforms. They use computer algorithms to manage their clients' investment portfolio. These algorithms are based on information that most financial advisors ask from clients: financial goals and the level of risk a person is willing to take. Your investment portfolio is tailored to your individual needs. Such platforms are cheaper than “live” consultants, and if you set a minimum level of risk, you can regularly receive a small passive income without risking loss of funds.

The most popular among them and suitable for beginners:

• Robinhood - suitable for people who are just starting to invest and have no previous experience in this field.
• Ally Investment — suitable for active investors who want to invest frequently.
• public.com - Suitable for beginners who want an intuitive and fun way to learn investing.
• webull is an excellent application for active traders who prefer to conduct financial transactions on a mobile phone. This is very convenient for truckers, since on the road you don’t always have access to a computer, but you can constantly monitor your investments from your mobile phone.
• betterment — suitable for both beginners and experienced investors.
• Acorns - an excellent option for those who do not have the time or desire to control the investment process. The application will do everything for you.
• S — suitable for novice investors who want to start with small investments.
• fundrise - the best option for long-term investments.
• TD Ameritrade - this application is well suited for those who do not seek quick profits, but are willing to wait a longer period to receive dividends.
• Wealthfront - convenient for those who do not want to control the process. Artificial intelligence will do everything itself.

5... Invest in self-development and start your own business

If you have saved up a small capital, you can invest it in learning how to manage a business or improve your English, which will ultimately help you start your own business in the USA: in cargo transportation or another field - you choose.

For example, you can start a blog on any of the social networks or a podcast. On the road, you can take pictures of breathtaking views and interesting places, or simply share your experience of traveling around the United States. By the way, you can also make money by selling photos in photo stocks. The trucker definitely has something to shoot. Therefore, buy a camera, master the skills of its professional use and go!

In fact, there are a lot of options for your business. It all depends on your skills and interests. By link collected over 100 ideas. Take your pick!

And the start-up capital will help to accumulate SVB Express. You can join the team of the company here.

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