Business plan

I think you already know what’s up but feel free to send me a pm if your going to be in the area. I don’t think at least 1 bud light would do us much harm.

 

I am a founding member of the TTR Millionaires club just so you know. 50k is my discount price.

 

why does everybody suggest getting into real estate? that market is at the top just as much as trucking is. real estate is not a sure bet like most people on here like to talk about it like its the holy grail of making money. the people that get rich off of it are ones that understand the market and get in at the bottom. just like any other business investment. you can lose your ### just as easy getting into that market as you can trucking...

 

Because even though real estate has highs and lows just like all investment markets, historically the lows never last for long as long as you invest in an expanding market segment such as a state or city that is growing instead of shrinking. If you buy real estate in a part of the country with high unemployment and little growth, yes real estate is a bad investment. Anyplace else and you are guaranteed to make at least some return on your investment, and some places you can get rich very quickly if you have enough to invest. If you have let's say a million in cash right now and you want a safe place to put it where it can grow a little bit, there is absolutely no place to do that. Banks, CD's, gold, none of it is paying any interest or growing at all. If you give it all to a company like Charles Schwab they will invest it in the stock market for you and you "might" get a return on it, but there are no guarantees. The OP is taking about building a trucking company from scratch with an inheritance, and without extensive experience in the industry other than being a driver, that doesn't sound like a smart investment to me. If I had a mill I wanted to grow dramatically over the next 5 years, I would buy 2 half million dollar homes in NorCal, or Boise ID, or Austin TX. Rent them out for a few years then flip them with a nice profit. My home in NorCal has increased 40% in the last 5 years, and many markets arounds the US have done the same or much more.

 

All those markets u just mentioned are at the absolute top right now and will come crashing down along with the rest of the economy in a short time. Getting into something after it has went up 40% is not a smart idea. The time to get in is before the rise happens not after... it's no different then getting into trucking when rates are 4 dollars a mile and thinking that since rates have gone up they will only to go up.... you can go buy one of those homes for half a million dollars , the housing market drops 40% over the next 5 years back to where it was originally. Now ur house is worth 300k, the economy is #### , your renters can't afford the rent and nobody has cash to buy a 300k house and you are left holding the bag.. Happens in the stock market, happens in real estate market, happens in trucking market... but it's your money to do what you like... but the amount of times I see people say to invest in real estate on this forum is ridiculous. People think real estate only goes up .. It doesn't, it crashes and rises just like everything else.

 

You gave yourself good advice. To go from speaking with somebody every single day of your life, to having them no longer there is a shock to the system. She passed away on my parents 66th anniversary, so the pain and loss my dad is going through would be completely unbearable for me. My brother and I are just trying to keep him occupied and to become accustomed to his new reality. He never expected her to go first, so he's dealing with the guilt of still being here. The rest of the family is relieved that she was the first to go, because had he died first, she wouldn't have lasted a week without him. At least we'll have dad a while longer.