How much money do ovwner-operators make per year??

Discussion in 'Questions From New Drivers' started by MoneyMike111, Jan 31, 2014.

  1. MoneyMike111

    MoneyMike111 Bobtail Member

    47
    7
    Jan 6, 2014
    Philadelphia, PA
    0
    Thank you sir.

    I have another thread going in the owner operator forum. Im wondering if its a good idea to start out by getting my own truck? Id love to be in an automatic trans, stick just seems like a pain in the ###. Never drove stick til in class this week!
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. joem61

    joem61 Light Load Member

    64
    45
    Sep 29, 2012
    0
    You are destined for failure if the transmission type is your driving factor. After a month you will discover 100 things that are by far worse than shifting gears.
     
    Cbake84, blairandgretchen and DsquareD Thank this.
  4. MoneyMike111

    MoneyMike111 Bobtail Member

    47
    7
    Jan 6, 2014
    Philadelphia, PA
    0
    No no, its not that. I just think that will make driving life a ######## easier! My motivation is money and being close to home. I am even considering going OTR if the money is right...ive been looking at some NICE extended sleeper cabs with showers, stoves, microwaves, toilets, etc. real nice stuff!
     
  5. spyder7723

    spyder7723 Road Train Member

    15,471
    25,075
    Mar 31, 2013
    sarasota, fl
    0
    Slow down there a little. Going from never even being around a truck to owning one right out of school is a good way to be bankrupt, with a repo'd truck and fifty thousand in bad debt. You need to learn the industry before committing to buying a truck. This industry has a ridiculous high failure rate, something like 98 percent. The main difference between the majority and those 2 percenters is preparation and not jumping into things.
    Slow down and prepare, that will set you up for success. Jumping right into it will set you up for failure.
     
    blairandgretchen, fld and bergy Thank this.
  6. Dryver

    Dryver Road Train Member

    2,818
    2,575
    Nov 30, 2008
    Sioux Falls, SD
    0
    Nothing wrong with dreaming, and that's what you are doing. Forget the showers, the toilets, the chrome and all that type of BS. You need a truck that will assist you in turning a profit, ie, reliable, fuel efficient, spec'd for your loads etc etc. You need to understand business and how to run one, you need to understand a profit & loss statement, a balance sheet, assets and expenses. You need to understand logistics, brokers, insurance.

    You are running before you can walk, hell, you ain't crawling yet. Slow down, educate yourself and put the truck classifieds down.
     
    blairandgretchen, fld and bergy Thank this.
  7. MoneyMike111

    MoneyMike111 Bobtail Member

    47
    7
    Jan 6, 2014
    Philadelphia, PA
    0
    so what do you guys recommend job wise when I graduate?
     
  8. Balakov100

    Balakov100 Road Train Member

    3,938
    2,641
    May 10, 2012
    Temple, TX
    0
    For you?
    CR England....
     
  9. MoneyMike111

    MoneyMike111 Bobtail Member

    47
    7
    Jan 6, 2014
    Philadelphia, PA
    0
    and may I ask why them? Not being rebellious, just wondering...
     
  10. blairandgretchen

    blairandgretchen Road Train Member

    13,379
    71,941
    Dec 9, 2011
    South west Missouri
    0
    Oh, that was low . . .
     
    Balakov100 Thanks this.
  11. blairandgretchen

    blairandgretchen Road Train Member

    13,379
    71,941
    Dec 9, 2011
    South west Missouri
    0
    I think you have a lot of research to do on other threads here, Mike.

    I'm in 10 years, and I am TENTATIVELY researching cash buying a truck and leasing on to a carrier.

    Read that statement twice and chew.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.