Good evening, ladies and gentlemen, let me take a minute to introduce myself and tell you a little bit about myself and what I am thinking about. I am a 55 year old male and have spent the last 30 years in corporate America. I literally have worked my way from a store room clerks job to a vice president‘s over Global digital operations at one of the Major US banks. Well after 30 years I final got my walking papers this past Tuesday. I have dodged this bullet many, many times but this time I am ready for a change. During my 30 years in corporate America I managed a yearly budget of $27M and managed around 150 people in my organization. If you have ever watched the tv show “Suites” that is just how corporate america is and I am am sick of the people part of it. I have a solid retirement package set for me and my wife’s so I am not chase that part. I am just trying to make a living for me and her with a lot less stress on me.
I have lived my entire life in Texas rural communities living on farms and ranches.I am also very mechanically inclined, So much that me and my banking coworkers were on 2 different planets. I learned how communicate with them and throughout the years. I have common sense and they don’t have enough common sense to pour pi$$ out of a boot if the instructions were written on the bottom of the boot. I don’t mean to sound so smug just putting it out there for an explanation.
I currently own a single axle dump truck, excavator, Tractors, Dozers, and skid steers that I use on my place and I do all the maintenance and mechanical work on them. Not that I want to become a diesel mechanic !!!
I am thinking about buying a truck and becoming a O/O. I have been watching the trucking industry pretty close doing a lot of reading here for the past 6-7 months in anticipation this might happen. So I am aware truck prices shot up through the roof and are currently rapidly crashing back down, freight rates are also crashing and expenses are up. I am thinking about purchasing is a 2019 or newer Peterbilt 579 Cummins/auto (bad knees) with around 300K on the odometer. I would pay cash for the truck and put about 30K up for the oh #### fund, I could do more but would need to liquidate some things first.
Have I lost my mind? Can a guy make a living with this type of setup? Or have rates gotten so bad I would just make McDonalds money? I know opinions will vary on this.
Thanks in advance,
Ihavetobenuts
Have I lost my mind???
Discussion in 'Ask An Owner Operator' started by Ihavetobenuts, Mar 3, 2023.
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Truck driving is NOT a stress-free job, lol...
If you're set on trying it, try it as a company driver first... truth be told, I actually preferred being a company driver, as there was less headache for a guy in my position, foot-loose & fancy-free & out to see the country. Granted, you have to put up with more petty BS as a company driver, and I'm referring specifically to problems with dispatchers and other administrative personnel, but when you buy your own rig, that opens up a whole new realm of responsibility and cost. As a company driver, if something breaks on the truck, the company pays for the repairs, even if they're using fleet mechanics... once you buy your own rig, you're on the hook for all repairs, not to mention fuel, lol. Remember my not-quite-famous axiom: BIG TRUCKS, BIG BUCKS!!!
Last edited: Mar 3, 2023
JoeyJunk, Gearjammin' Penguin and ducnut Thank this. -
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Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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