Just out of curiousity, what is your annual revenue..kind of a private question so if you dont want to answer I wont be offended. Also please dont be offended me asking, because thats a whole lot of trucks.. Kudos
BBB very good advice valuation in the trucking business is very difficult. Kw600 No offense taken but would prefer not to make that public
well,first im not sure my parents would agree with you. ive been in trading for a couple years now and my parents still look at it like gambling...i just dont discuss investing with them anymore and certainly dont mention the word forex, as their ears would immediately start to bleed. never mind that i put a small, disposable amount of money into it with the promise to my wife and myself that should that be lost, that would be the end of it. never mind also that i saw a 400% increase in that investment in 12 months. ive also learned not to discuss my intentions of going o/o soon anymore. i spent a good 2 years researching forex, as well as paper trading for a full year before i risked a dime, and then only put in $1k. ive been researching o/o for at least twice that long, and im not rushing out to buy a truck tomorrow either. but its still a fools errand (sigh). its really hard sometimes to get away from such a 9-5, "poor dad" (referencing rich dad, poor dad...my father actually did pretty well with safe retirement investments) attitude. my deepest desire is that ive done nothing as severe to discourage my kids from doing whatever they decide to do.
I think its better for my kids to know that i stepped out of the box and tried to better myself, and failed, then to be a slave to society.
i was always a wildcatter per se bought sold expanded contracted my buisness as the vagiries of the fishing permitted had more then one boat moved locations to where the fish were finally had to downsize to just what i liked best of the buisness had my own trucks too until all i did was put out forest fires on a boat in north carolina or one in portland maine trucks somewhere between the 2 hardest part is getting past the O/O one man operation mentality of doing it all yourself finally had to downsize to doing what i knew best running just one boat myself just figured that out too late so here I am back driving all these years later right back where it started in 72 not an exit plan at all just survival....................
amen. but in my parents' defense, they have a very "safe" mindset. father's father was horrid with money. mother parents were VERY middle class. theyve never told me i CANT do something (as in not capable). theyre just a little too quick to show unhappiness at any "out of the box" thinking. at 20, i both let it affect me too much and seethed in anger over it. at 45+, i just dont tell them what they dont want to hear. they didnt find out about forex after the first year, and even if my second full year was as successful, and my 1k became 25k in by mid december, they still wouldnt know. i MIGHT tell them some day, but my account would have to hit over 200k first. i love my parents. i just learned what not to discuss with them. like politics (they are VERY left wing lol, and i have yet to have any friends that i have to look to my right to see).
My exit strategy has and still remains, when there is zero in the bank account, no retirement, zilch, nada... it's time to park the truck and put a "for sale" sign on it and submit resume to some first rate company leaving the headaches to management and starting with nothing again.. I was not far from that point when I leased on at F2F, it was truly make or break.. You have to figure if you started with something and turned it into nothing then clearly you don;t cut the mustard in that biz. I've always run a debt free operation and always will. Failing that I refuse to sink even further and drown...
I think you are doing just fine by reading your previous posts. You know what you are doing and have found you niche in the market. Plus you are leased on with a good company that offers you the backend support you need.
