Finally got my own truck
Discussion in 'Ask An Owner Operator' started by BoyWander, Jan 1, 2017.
Page 86 of 226
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Ramo said: ↑That makes NO sense... company driver making 70k a year is ONLY $5384 a month GROSS. Less medical insurance payment he just grossed 6950 plus in 3 weeks after his expenses..
So what are you saying???Click to expand... -
terryt said: ↑You are NOT making more then a company drive in any way. You could make 65k to 70K a year be home every day or weekend with full benefits vacation and 401 no one would do what you are doing for that little money. You are dreaming if you think you could hire some to do your job cause you can make way more else where plus benefits.Click to expand...Last edited: May 1, 2017
dunchues, Oxbow, Lepton1 and 1 other person Thank this. -
terryt said: ↑GROSS he only pays himself 400 a week company driver take home a 1000 week with full benefits you will never get it plus he not home but every six week what a great life he has for the hours he works he should be clearing 2K a week easyClick to expand...
@BoyWander is willing to make a sacrifice to achieve his goals. Single and no family, what is there to do at home. You apparently are not willing to sacrifice like he is. That's ok, the industry needs company drivers too.
@BoyWander about the family thing, don't get depressed over it. If it is meant to happen it will. Just live your life according to your morals and build that foundation for the family so you have something strong to support you when the day comes.Jeck, dunchues, spyder7723 and 4 others Thank this. -
End of the day Boy Wonder is not only getting it done, but he is kind enough to share his experience, good or bad, at the very least he is honest, and if anyone here thinks things can be done better, don't hate on him, make suggestions, but most are selfish and quick to criticize
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terryt said: ↑You are NOT making more then a company drive in any way. You could make 65k to 70K a year be home every day or weekend with full benefits vacation and 401 no one would do what you are doing for that little money. You are dreaming if you think you could hire some to do your job cause you can make way more else where plus benefits.Click to expand...
You have to consider the long term too. How long does he plan to keep the truck? Assuming he doesn't trade it in right away, he'll have very different profit margins once he doesn't have a payment anymore. He's also building his maintenance fund. Once that reaches the number he's set, that's another chunk of change back in his pocket. He's putting in the work now to have a much better quality of life later. Just like all the folks that put in time with a company at lower wages so they could make 70k with benefits on the back end. Different strokes for different folks. And as beginners on the O/O side go, @BoyWander isn't doing too shabby.K Wopper906, Knucklehead, Lepton1 and 1 other person Thank this. -
Chasingthesky said: ↑"You could". Yeah, he "could" be an astronaut or a professional baseball player too. Realistically, how many company drivers make 70k with full perks? The average company driver, as best I can tell from sites like Salary and Glassdoor, is making mid 40's. So you're talking about maybe 10% of the industry and that's years on the job with select companies. Its not rational to say he shouldn't do a thing based on the salaries of a small group of people. Its not even rational to say he should quit because he isn't taking baths in $100 bills right out the gate. It takes time. There's a learning curve.
You have to consider the long term too. How long does he plan to keep the truck? Assuming he doesn't trade it in right away, he'll have very different profit margins once he doesn't have a payment anymore. He's also building his maintenance fund. Once that reaches the number he's set, that's another chunk of change back in his pocket. He's putting in the work now to have a much better quality of life later. Just like all the folks that put in time with a company at lower wages so they could make 70k with benefits on the back end. Different strokes for different folks. And as beginners on the O/O side go, @BoyWander isn't doing too shabby.Click to expand...
Boywonder is making what they call sweat equity, and it sounds like he's doing alright.Oxbow, BoyWander, bulldawg trucker and 3 others Thank this. -
Ramo said: ↑Do freight brokers make more than Truckers are we in the wrong business?Click to expand...
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Lol...When I say I'm paying myself $400/week, which I'm going to be reducing it to $300/week because my dad sold his house finally and so I'll just be putting the little stuff I have there in my storage unit with the rest of my crap that's been in there for 3 years, and I'll be saving $500/month. So my personal expenses are going to drop down to...Hmm...$207 for my pickup, $120 for insurance on that, $55 storage $125 phone, Netflix, iHeartRadio, food, no more credit card debt, $800/month including food and entertainment.
Everything I make goes into the business account and every so often I take out a little and put it in my personal checking account.
Sure I'm working hard. But when I say I'll make a little more than a company driver, I'm basing that off $60k/yr because I don't think anyone in their right mind should be making less driving someone else's truck. 125k miles/year at 40cpm.
I think I'll end up somewhere around 80,000 before taxes but I'll be able to deduct a lot. And this is including my $10k down payment on the truck as an expense for this year even though I really could divide that up into the life of the truck. But I won't have that expense next year plus I won't have to pay $2500 for another Webasto heater, and also I bought temp plates for 6 mos for $950 and in June I'll be getting 1yr plates for the full yearly amount.
I'm working hard but so far I'm doing ok.
These last 3 weeks I figured out I have cleared $6750 after all expenses including $150/week into maintenance and repair account. $2250/week isn't bad, but if I just count the last 2 weeks, it's $2550 for those two. And that's with high expenses.
Also I'm doing this not for just the money. There are things in life that are worth more and pushing myself like this is something I needed to grow as a person. Not everyone would be content doing this. But I know that I'm doing the best I can right now in this moment.
I'm in Wisconsin now, got $900 on 450 miles to Milwaukee. I don't know if I could have gotten more but the broker called on my truck and gave it to me for that price and only 25k lbs and knowing where I was, I wasn't complaining to get out of SD. I didn't even argue or negotiate. I just said yes, no argument. Lol. I don't ever do that but rarely.
But #### do I hate Milwaukchicagoland. I'll definitely be looking for a load going south but I fear that it isn't paying $2.20/mi to go south anymore but we'll see. I was offered a light load of food to Orlando for $1.65/mi I said no thank you. No way.Oxbow, Bean Jr., Tug Toy and 1 other person Thank this. -
Thats an awesome rate. Usually WI inbound freight is about $1.2-1.5 max, unless a desperate broker calls you. WI is a very good place for outbound freight.Just last Thursday I left Milwaukee to OH for $950 on 370 miles. Usually its not less that $2 per mile even on 1000+ miles runs
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