In the process of getting my CDL and then I'll be heading up to Williston, ND. If I work my ### off and live as cheap as possible, how much $$ could I save up in 1 year?
How much could I expect to save during my first year working in the ND oilfields?
Discussion in 'Oilfield Trucking Forum' started by cwill187, Sep 17, 2014.
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How much do you save now?
Puppage Thanks this. -
Given all of the specific information you've provided, you can save anywhere from $0 - $100,000.
bobtrucks2204 and dennisroc Thank this. -
north dakota, high wages, high rent equals low savings...
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Well I don't make enough money to save right now but if I was in ND I would save every cent possible.
@Driver5, I have never worked in the oilfields, so I was hoping some people who have been through it could give me some insight. Obviously I will get the best job I can find, however I'm not sure what that is... -
If you save nothing now you will save nothing later as you will simply increase your spending to match any increase in income.
Also it is far easier to spend less than to make more.Jaxx34 Thanks this. -
Patrick that isn't true. I'm good with money. Also I'm good at investing my money to yield a high return. At the moment, I'm just saving very little because I'm barely surviving.. When I have a good job, I am a saving machine. I hope to be able to save at least $40,000 in a year in ND. Can anyone tell me if that is a realistic expectation?
Last edited: Sep 17, 2014
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If I go out to the oilfields and work as much as possible, eat my own food, rent out a room and share it with somebody and drive my 99 camry how much could I realistically expect to save in a year? No kids, wife, or house to pay for either.Last edited: Sep 18, 2014
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$ 40,000.00 per year = $ 769.23 you need to save each week. I am not sure how much you are going to make per week after taxes but if you are making good money and can put that much back each week I see no problem.
Someone said " if you are not saving now then you never will " . Don't listen to negative people , I am sure this guy never had a student loan to pay back and tried to save money.
I am not a truck driver but am thinking of driving if I move back to the USA. But have saved a few bucks over the years.
I found that once you see your bank account growing it makes it easier to just keep letting it grow. But how much you make and save no one can answer that but you.
Money in the bank is good but investing that money can be even better. Stock Market is a good way to make a lot of money and also a good way to lose a lot of money. Start out just watching the market for a while and then invest slowly and see what happens. NEVER invest more money than you can afford to lose.
Good luck and get those student loans paid off so that is not bringing you down. Sounds like you are a positive person so that is one good thing going for you.Needsomeadvice and cwill187 Thank this.
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