I have 82,000 cash. What would you do?
Discussion in 'Ask An Owner Operator' started by ethos, Mar 27, 2013.
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No reason you'd have to spend the entire $82,000 on a truck.
I'd start out with a older truck with a pre-emissions motor on it's last legs, pick it up for cheap from somebody who doesn't want to deal with it and throw a fresh in-frame on it + spend a few bucks changing all the fluids/filters and generally getting it road-worthy. Then you've got yourself a nice piece of working capital with no payment. Go see if you can make any money with it if you're so inclined.
But the only good reasons to leave a good paying job like that to go strike out on your own is because you want to and you can. I personally wouldn't want to work for Schneider for the rest of my life and would vastly prefer the freedom to do what I please with my own truck and would definitely jump at the opportunity to do so, but that would be as much a personal inclination as anything else.SheepDog and ramblingman Thank this. -
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SheepDog Thanks this.
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I thought about buying a truck for a while but I've never had a lot of money, it was so hard to part with it. I haven't bought anything big actually, still have the same house, car and pickup. I thought about doing a local gig but I have to be honest with myself, I love OTR and I don't want to quit. I don't want to "commute" back and forth everyday. Plus I enjoy life on the road.
I still might buy a truck one day but not with that money. I've been saving a lot and I would use my savings for that. If I get serious I'll go over to the O/O forum and figure out who isn't full of crap and pick his brain. But for now I have to say I'm happy, no stress and I don't plan on making any big changes. This was a funny thread and I appreciate all the laughs and the advice. -
Do not be dumb with your money save 20k and then buy a cheaper truck less than 30k than put a driver in it then with the money you have left buy your own trailers
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every thing in moderation.
stock market is at record highs so this all in talk with the mutual funds and stocks could whack you for 20% or much more when the fat cats decide to take some profits.
used to be safe to park funds in bond funds but interest will go up.
these folks who were screaming about how we should buy gold when it was over 2000$ went on a short vacation when it plunged to 1300$.
i have driven some 700000 mile trucks and waited while the company dealt with the breakdowns and i know i will never be that guyLast edited: Dec 26, 2014
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