money question

??? I paid for the seals

 

Tons of money... If we weigh a ton of paper singles, would it be a million?

 

Close. I think one US dollar bill weighs one gram or .0022 lbs therefore a ton of money would be $909,090.00

 

It costs me between $3000 and $3300 to operate on a week I drive 3000 miles. That's before I pay myself. And that's also including time off. So those weeks are free if I don't take more time off than I budgeted for.

 

True on my end too. Plus except for fuel cost, off time due to a break downs the bills still need paid.

 

My fixed costs (no fuel or maintenance) will average right around $1500/week. I have had some weeks like this past one where I cleared $2,700 after everything. The week before, $145.00
There are a bunch of variables, some you can control.

 

I'm figuring my expenses this year, for everything including the $10,000 down payment on the truck, maintenance fund, and fuel, will be right around $125,000-$130,000 based on 125,000 miles. Plus my boss gets his %. Total cost will end up like $155,000 and whatever I gross above that will be mine before taxes.

Right now I'm at like $140,000 gross. So I think at this point in the year, anything I gross for the year will be all profit minus $15,000 or so.

 

There is money in trucking but it has to be treated like a business. You went get rich doing it for sure. Actually, there are some company drivers that make more money than me but that's not the reason I'm an o/o. Being an o/o is a better quality of life for me.

Anyway, my daily expenses that happen regardless if the truck works or not is $96 a day. When I work I must add in fuel.

 

I jumped in and bought a truck last month and leased on with a local carrier. They take care of insurance and I run under their authority.

Start up costs were about $8,000. That's tags, taxes, down payment dyno, mechanic checking out the truck, and incidentals.

Two weeks in and I just put a new radiator in the truck for $1300 plus a few hundred in coolant, gas to go pick up the radiator 150 miles away, and misc., stuff.

Next month, I'll pay about $800 for PM and possibly another $1000 +- for brakes.

I've been grossing $2000/week. $1400/ month truck payment for 12 months.

So far, I've not been able to cut myself a check. I'm guessing that I'll be able draw $750/week for myself. The rest will have to stay in the business account for maintenance, repairs, taxes, and other expenses.

After a year, I might be able to draw more but only time will tell.

No one knows the expenses until after you get the bill for the break downs.

 

Sorry to say this but you should be making money right out of the gate once it is on the road, not wait for money.

By the way, $800 for PM?

What do you do, buy gold plated oil filters?

AND this sentence tells me a lot of people who believe it don't understand how this all works - "No one knows the expenses until after you get the bill for the break downs."

I get the reasoning behind this but this is why you have a large fund to cover repairs and be proactive in PM, not wait till something breaks, then scramble around to get it fixed then find out that instead of costing $2300, it is $4500 - your repair fund needs to cover that without worry.