Got Stuck! DEF one box for 2017 FreightLiner cascadia.

How to be a successful owner operator-

1) Start with almost no money.
1a) Have a large amount of debt already.
2) Have little to no knowledge of trucks.
3) Have no mechanical knowledge.
4) Lease or buy a new truck for $4,000 month for 6 years.
5) Spend all the money you do make. "I never had to save money before."
6) Don't worry about taxes.

 

From what I read he was screwed before he started. All the signs are there.

I would think a bankruptcy would have been a better choice for him although I think most people who do a bankruptcy shouldn’t be able to do so. If they dig there own hole why should they be able to dump that on all of society?

Someone I know and no longer associate with. Became an o/o years ago when most made money. Liked his chrome. Went bankrupt. Then he and his wife started collecting disability about 11 years ago. $1000 per month each. He works for cash only. No 1099. No nada. Greenbacks only. Just filed bankruptcy again to wipe out $28k in credit card debt. Pure bs imo.

Sorry. Off topic. Had to vent.

 

I was under the impression you still have to pay.. No more walking away.

My ex bro in law had to pay for his. So did my cousin.

 

I've always just thought you need to be pulling a van out of Central point, Oregon. Then the money just falls from the sky... You know like raining money!!!

 

Absolutely. Short haul flatbed out of Connecticut as well. It's all very well documented on this forum.

 

I thought it was the guys coming out the oilfields with plans of buying 10 trucks and becoming wealthy beyond all belief. Those the same guys that tell us we are just being negative and they have it all figured out . Alot of good entertainment comes out of these threads.

 

You forgot
7) Get tickets.

 

no he forgot that you need to make a youtube video on being a L/O

 

I'm not sure he owes us anything. Man was in a horribly tight spot and just looking for advice. I'm sure on the list of people he owes we are at the very bottom. I just hope it worked out for him.
Different game than it was ten years ago. Some have it figured out but many don't. A good deal on a used emissions truck can put you in bankruptcy faster than a loose wife. Just hope dude is back home and ok. Risky business.

 

There’s only two ways to do it now days in my opinion. Buy old pre emissions and know how to wrench, or brand new with big warranty and flip it every 4 years.