He said months ago he was barely making enough money to survive and credit cards have soo much balance on them that his credit score is very bad.
In knowing that you must know if anything happens, including a breakdown it will finish you off.
You're better off being a company driver if your operation leads you to that point.
All this is without even mentioning being leased onto a mega carrier in a bad freight market.
What are the odds of that alone being very profitable?
Is mega carrier gonna give you the good loads or give them to their company drivers? We all know the answer to this.
Cheap freight hauler asks for donations when can't pay repair bill
Discussion in 'Ask An Owner Operator' started by Kenworth6969, Dec 6, 2024.
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I'm surprised the mega companies don't offer loans out to their contractors. Seems like a good business opportunity to keep the suckers hooked in
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They don't offer that because they know what they pay their contractors so they know those loans aren't getting paid back
Sons Hero, RockinChair and D.Tibbitt Thank this. -
Lol
you have a good point there
Sons Hero and Kenworth6969 Thank this. -
To be honest i didn't even watch the video. Too busy driving today aaaaaannnnd frankly.....most of those videos are the same "me ####ed up, gib moneys plz" so wasnt planning to either.
But again i didnt have info and my point remains. Until i have info i dont make snap judgments and stay in the middle until i know more. Course im also a skin flint tight wad so i dont hand out money often. Last time i did was to my favorite fox rescue shelter. Otherwise its food or stuff like bork boxes.Sirscrapntruckalot Thanks this. -
Hmmmm....well....I've heard in the past that it's good to help a driver out. The brotherhood man.
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Handouts are not always the right way to help someone.
In many cases it can do more harm than good.High Stepper, D.Tibbitt, LTL Bull and 3 others Thank this. -
Saw the video yesterday and showed my wife. Ironically, we were discussing how fast money can go when Broker misleads you on an load or your truck has unexpected issues like this guy. However, as Adults we shoild have levels of retainers especially when operating a business. In Most cases larger carriers or any company foresees issue ahead with lesser prodit margins a lot have that emergency fund, have linea of operating credit and watch their margins. Margins is everything in any business. Unfortunately, this O/o did not learn that yet. I don't believe on kicking someone by laughing at them when their down & at their worst. In todays market it can happen to the best who lose their focus. The GoFundMe account helped him for now so hopefully he will learn his lesson. It takes guts for a grown man to go on camera like that and beg.
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If it genuinely helps (read: doesn't enable) then yeah. We've all been down through no fault of our own.
I'm happy to give somebody a hand up. But I won't make it more comfortable for someone to stay down.LTL Bull, Ruthless and Midwest Trucker Thank this. -
I’ve always agreed with that myself. A hand up is something I’m happy to do, a hand out I’m not interested in. I hadn’t watched any of the videos but from what KW6969 has posted the guy has no business being in business and is just prolonging his demise. Heck, he’ll probably get people so sucked in that he gets 35k next time!
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