Taking the plunge. My journey as an O/O.

Discussion in 'Ask An Owner Operator' started by Farmerbob1, Jan 7, 2019.

  1. Tug Toy

    Tug Toy Road Train Member

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    Delete
     
    Last edited: Mar 10, 2019
    Reason for edit: if you can’t say something nice......
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  3. Taillights

    Taillights Bobtail Member

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    All the bills are paid and you put some money in your pocket. What more could you ask for good job bud keep it going!
     
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  4. Farmerbob1

    Farmerbob1 Road Train Member

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    Yes. Workmans comp is through Crete.
     
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  5. Farmerbob1

    Farmerbob1 Road Train Member

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    Will need to add another week of income for that to be a 2 month average. My next weekly settlement will be for roughly 4000 miles, and there were no maintenance expendatures last week.

    I also am unsure what my estimated tax will be. I have 4k set aside right now. Between perdiem and expenses, I am not sure how much I might be able to claw back.

    Will provide updated numbers after first quarterly estimated taxes.
     
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  6. Scooter Jones

    Scooter Jones Road Train Member

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    Wowsers! Add another 4k miles? Don't you take time off? LOL
     
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  7. Farmerbob1

    Farmerbob1 Road Train Member

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    Soon. My point was that your calculations considered fixed costs and averaged costs for a two month period, but income only from 1.75 months.
     
  8. Scooter Jones

    Scooter Jones Road Train Member

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    And my point is that you can run 27,279 miles in 2 mos without taking time off? ;-)

    Your truck will have over a million miles on it before you know it! LOL
     
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  9. tucker

    tucker Road Train Member

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    How are you doing healthwise by not taking any time off?
    I loved OTR but I love being healthy more.



    Trucking lifestyle leads to higher diabetes risk
     
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  10. Farmerbob1

    Farmerbob1 Road Train Member

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    I have taken days off at the beginning of January, and the beginning of February. I am heading home now for a couple days. I do spend time at home, and I am forced to take 34's every 5 or 6 days driving. So I get plenty of downtime.

    The more miles you drive, the greater the percentage of your pay you keep, due to fixed costs.
     
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  11. RSB34

    RSB34 Light Load Member

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    Atleast you are taking a smart approach. So many get in trouble and keep fighting. There reaches a point of no return.
    I hope you have lots of success with your new adventure.
     
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