Contemplating

Also, you need to think about your family and how being gone for 2-3 weeks will affect them.
It's a lifestyle, not a job.

 

1. Most lenders I've dealt with have a threshold of cdl possession for financing approval. Over the past month I've run into 3 years as a minimum for that specific requirement. In addition to that it wouldn't hurt to begin setting up your business formation to coincide with your cdl inception date. Your window of interest rate expense will be wide.

2. I can't imagine how many different takes there are on the high turnover rates. What worked for me in the past was making a well informed first decision and continuing my due diligence for each successive decision. In periods of frustration my baseline axiom to judge a problem against was the question: "If I choose to leave will I be simply exchanging a known set of problems for an equal amount of unknown set of problems?". In addition to that, I truly believe if you did your homework you should for the most part avoid any instances where actions that cross your line of acceptability will occur.

3. In terms of your $200-300k nest egg. I tend to stick to the conservative side of the spectrum for forecasts so depending on your geographic area and a few other factors I don't think it would be unreasonable to set a goal of earning 100k annually averaged over 10 years. Only you know your expenses so adjusting both sides of that balance sheet to average an annual savings of 30k is up to you. Based on your strategy the savings wouldn't be linear because the initial savings would be funding start up costs and near the end of the ten year goal your free cash flow would be greater so you would need an adjusted tax strategy to protect your hard earned money.

 

Saving $20k a year would be easy with your current job .
Just get a second part time job working 30-35 hours a week
Or transition to a job with lots of available OT .


Because that’s what you will be working as a trucker .
You’re gonna be expected to work 70 hours a week and there is no overtime pay .
I’m sure in your LEO career you got paid OT.
Most departments are short handed and pay OT all the time for events and extra patrols etc plus all the off duty in uniform private jobs

My nephew lives in a county near the ocean and all their summer beach patrol is OT .
And their guys make serious cash doing bank lobby security theater etc off duty but in uniform .

If you have any family , wife kids grandkids etc , that you like to spend time with , forget trucking .
Unless you trip over a Monday / Friday 7-3 job .

and as mentioned location means a lot .

I know of a company in Atlanta that likes to hire former Leo’s because their drivers have to pass a extensive background investigation. Paid training and back in Atlanta every weekend .