If driving truck for someone else isn't paying, how is running your own truck going to pay when you have the cost of maintenance, insurance, licensing, etc.? Maybe the company can't afford to pay the boyfriend more because the margins just aren't there? He better be prepared to value his time spent working for his own business at close to $0.
Also, as a younger guy (26) who has seen similar situations before with many of my friends, I would strongly caution your daughter against financially supporting a boyfriend, especially in a business situation. At age 20/21 there are still a lot of life lessons to be learned and not to sound negative but the relationship could very well go south, which could ruin your daughter's finances and credit if she is floating the boyfriend's business. Could negatively impact you as well if you are involved with co-signing loans etc. I have a business degree and run my own business and one lesson I learned early on was NEVER do business with family/significant others.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
... [Read Article]
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