buying a truck. bad or good idea? please read

With no plan....bad idea!! just my .02

 

I would go to a driving school first. A good one!! Then see how you feel about it. Good luck

 

Get a few YEARS of experience first.
Then, when you've figured out that the best way to make a small amount of money trucking. Is to start with a large amount of it.
You might get the idea.

 

Go to school and drive someone else's truck for at least a year. You don't need the all the distractions of ownership while you are learning.

Invest your money.

Don't buy the truck outright. Keep that money invested with the possible exception of a down payment on the truck that you want.

Since you won't have the financial pressures that a "normal" owner operator would have, there will be great temptation for you to just take whatever loads that you want at whatever rate is offered. Please, for the sake of the rest of us who do have to run under the "normal" economic pressures, don't haul ###### freight for bad rates. You will have the luxury of being picky, please do!

 

Find yourself a good TRUSTWORTHY investment counselor--At your age--properly done--your inheritance can start a very healthy life for you--(assuming you don't need to live like a Saudi Prince)--then get yourself a job--(of any kind)--find somewhere local to go to driving school--then decide if you still want to drive--if so--spend a couple of years on the road as a company driver--see if you still want to do it(for the right reasons--not just because you want a fancier faster truck!)spend as much time talking with true owner/ops and small business owners. After all this if you feel you still want to do it--the spend another year or so--doing your homework--what do YOU want to do--that YOU can make a living at! IE:running local for someone in your area--getting your own authority and soliciting customers&everything in between--once you think you have it figured out--go back to the investment counselor(banker--accountant-whoever you found and trust) Explain too them what you want to do--let THEM help you set up a BUSINESS PLAN--then take a small amount of the INTEREST you have already earned from your investment and get started.
I know this may be a lot compared to your young dream--of just going truckin!--but like has been said here before--(and paraphrasing Darrell Waltrip) The best way to make a small fortune="Take a big fortune and go Truckin"
Best of LUCK to YOU!
Just my $.02!

 

Well my questions are:

Do you have a family to care for?

Do you have any intentions of starting a family?

Are you sure you know what your getting into?

Do you have any other dreams that you wish to follow?