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How much to live on?

Discussion in 'Starting a Lawn Care Business' started by m&mmowing, Jul 22, 2008.

  1. m&mmowing

    m&mmowing LawnSite Member
    Messages: 92

    about how many accounts should i have if i were to live on my own through mowing?
    I am 19 years old, single, very little college debt, an established business of about 30 customers and my equipment is bought for, i have to pay off my new truck next year at about $312 a month.
    I will be working solo, and an average of $35-40 dollars per account, thank you
     
  2. hackitdown

    hackitdown LawnSite Silver Member
    Messages: 2,611

    You will need $15K per month and 100 acounts to live in a nice house. You need $300 and 2 acounts per month to live in your truck.

    You decide.
     
  3. bone1

    bone1 LawnSite Member
    from ga
    Messages: 202

    :laugh::laugh:
     
  4. MJS

    MJS LawnSite Bronze Member
    Messages: 1,316

    15K per month??? Wow I wasn't aware of that - how nice of a house do you want to live in?
     
  5. Lawn Enforcer

    Lawn Enforcer LawnSite Silver Member
    Messages: 2,381

    Holy crap, 15k per month!
     
  6. jiggz

    jiggz LawnSite Senior Member
    from jerz
    Messages: 646

    i dont know how long the season is out where you are.. but here its about 7 months.. at the least you want to bring in 600 a week.. that will average you out at around 400 a week threw out the year.. you prolly cant buy a house but you'll deffintally be ok in a apt... thats what i would say the bare minimal..of course you want to focus on groth
     
  7. hackitdown

    hackitdown LawnSite Silver Member
    Messages: 2,611

    Around here, a nice house is $500K+. If you gross $15K, pay taxes, insurance, repairs, payroll, truck, marketing, and so on, you might be able to buy one. Besides, we only work 8 months a year around here.
     
  8. MJS

    MJS LawnSite Bronze Member
    Messages: 1,316

    Ah, but around here, one could get a pretty nice house (in my estimation) for $300k - $400k. And the work season is also slightly longer.
     
  9. RonB

    RonB LawnSite Senior Member
    Messages: 427

    Well from my math, if they are weekly customers, 30 x 35 = $1,050. You can't make it on that at the ole age of 19?

    Really it's up to you to figure this out.
     
  10. Lawn Enforcer

    Lawn Enforcer LawnSite Silver Member
    Messages: 2,381

    Right now around here I could get a descent old house for just under $100,000
     

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