Ready, Set,....Fail

heres a sinario i created, my truck a e-bay speacial....I dont haul cheap freight, I pull there trailer, my truck sat in the driveway for 6 weeks while i worked on it, all little stuff . I have drained the radiator,an replaced every water hose an clamp, changed all 3 boxes , changed the engine oil, fixed every light....well you get the picture......I bought my truck for 12,grand....no payments....now i am not makeing a killing but doing all right...for the last 2.5 mths I have been able to pay my home bills.... wich are very little. handle minor repairs..an put a few bucks in the bank.........an yes im putting away for that major ouch we all know will come sooner than later.... but i am a maint nut...so i am hopeing not beating my truck up an just doing my thing i can build up my bank an improve things.....an yes the avatar is the truck i bought an due to my maintence...looking for the leaks an keeping my exspences down....it is working. thanks just my 2 cents

 

I have been saying this for years. it's not always the the truckers trucking expenses. it's often the home toy's lifestyle. champagne taste on a beer budget mentality.

 

They forget that the $ the TRUCK generates is the TRUCKS $ and they should get a WAGE for driving it.

They take it as THEIR $ and spend it on everhting but the truck. Suddenly need tires , or a unforseen repair or work gets slow .

 

This is exactly what I told my Dad when a friend lost his truck. He is now doing taxes and claims he didn't make $180k last year. I called BS, He doesn't know what he made because he never ran it as a business or ever had a ledger of some type. He will find out the hard way this tax season.

 

$0.85 / mile , this GENIUS must think he is playing that online game TRUKZ

 

Well you have to REINVEST your PROFITS in something , may as well be LIGHTS or OIL futures.

 

Factoring is no different than using a line of credit and you sure won't get that credit line at 1.5%...