44 weeks of pay as per BW post. 52 weeks in a year, people are making the mental leap the other 8 weeks are ping pong.
Finally got my own truck
Discussion in 'Ask An Owner Operator' started by BoyWander, Jan 1, 2017.
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RollingRecaps, Lepton1 and BoyWander Thank this.
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When its paid off keep stacking that payment up until there's a $20,000+/- maintenence fund for the truck. That money belongs to the truck and is only for the truck. It's not for a new rzr or fishing boat or new furniture for the house. After that fund is established pocket the extra or buy toys or whatever.
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I may me drawing salary, sure, I have to live...But as far as I'm concerned, until my truck is paid off and I have that $20,000 in the maintenance fund, the business is still technically in the red.
This is an all or nothing type situation. You HAVE to have the self discipline and able to be responsible with the money and truck or you'll find yourself out of biz real quick.
The 44 weeks in a year is what I figured I'd be running, just so I'm not counting on 52 weeks of revenue. That's absurd. The first week of the year I had just got my truck and was getting myself set up and ready. Went out for 3 weeks and came home for a week. Then now I've been out 7 weeks. 2 of those weeks were really crappy weeks - like only $200 profit. So I'll consider that combined a week off. I'll be going home at the end of next week for table tennis - taking one week off. I might try looking for a couple of local small runs on Wed or Thu If I can find anything. But I have a lot of stuff to do. I need to detail my truck. I'm not a slob by any means, but living in this for 8 weeks in a row, it needs a cleaning. I need to get my CDL renewed by June so I'll do it this week instead. I'll also study and get my tanker endorsement so I can haul them loads that need tanker.
I'll spend a half day pre tripping my truck real good and checking everything over. I'll visit with family. And practice before the tournament a bunch.
So when I go out again April 10th I'll have 5 weeks left to take off again for the year. I'll probably take them in half weeks.
I'm at this large receiver and it's real tight back here. Another driver shows up to go into the only other dock and he can't get in it. The guy don't speak a lick of English except yes and no. He was instructed to put his metal seal in the back of the trailer but of course he didn't understand and he took the seal off and threw it across the lot onto the ground so someone can ruin their tires on it. When he wasn't looking I picked it up. I called the main office and they're gonna send their yard spotter over here so my truck don't get ruined.
About the things I've learned, I'll get to that next week.
Edit: I helped this fella get backed in and now were chatting through an English Russian translator on Google.
He's paying $1500/week for his truck, with trailer and insurance lease through his boss. Probably same as it costs me. But not sure what he's getting paid. He took the same exact load I did for $200 less. But still not that bad of a rate from Macon to Iowa.Last edited: Mar 25, 2017
Chasingthesky Thanks this. -
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MarkH129, spyder7723, Lepton1 and 1 other person Thank this.
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Put all they money in his pocket.
When does he start putting 2000 dollar Paycheck's
After all expenses and taxes in his pocket every week.
6,7,8 years from now.Lepton1 Thanks this. -
I bought a 10 year old truck and trailer four months ago. Approaching $20K in maintenance. No regrets. Plenty more to do/spend, but on track to have the truck paid off this year and the trailer next year.
OP went the new truck route. Less maintenance, but a longer path to get through to having the title in his name.
The rich rules over the poor, and the borrower is slave to the lender. Proverbs 22:7Orangees, fordconvert, nax and 4 others Thank this. -
spyder7723 and Drake.r Thank this.
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