How is my plan sounding so far?

Discussion in 'Ask An Owner Operator' started by War Wagon, Jan 19, 2014.

  1. War Wagon

    War Wagon Light Load Member

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    Dec 18, 2012
    Southport, NC
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    This may be a little long winded and will probably be filled with spelling and grammatical errors as I am using my phone. Grammer/Spelling Nazis excuse me.

    One thing I've always been told is that you will never make more money than the guy signing your check wants to give you.
    So my wife and I are entertaining the idea of buying our own truck and possibly leasing on to Mercer.
    That way we woukd be more in charge of the money we make or lose.
    So I have been looking at used trucks. Nothing fancy..looking for something around a 2006 with around 600k or so on it as a first truck. Trying to stay around $26,000.00 so the payments won't be too outrageous.
    We would like to be able to pay ourselves between 800.00 to 1000.00 week. That woukd be our money. Any and everything over that would go into a business account. The business account will be used for all truck related costs. (Payments,fuel,repairs,etc) That is to make it easier to keep track of business expenses and taxes. The money we pay ourselves would go into our household accoubt to pay normal bills like mortgage, food etc. Now my wife doesn't drive. She will be book keeper and hokder of the money cards. I swear tgat woman can stomp on a dine and give you 9 cents change. She bqlances the check book daily if that telks you how she watches spending.
    Anyway does it sound like we are moving on the right track? Don't want to get rich...just want to get rich, just be able to pay the bills so she can quit her job and come with me on the road.
     
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  3. spyder7723

    spyder7723 Road Train Member

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    sarasota, fl
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    As soon as you said mercer you won. You will do just fine.


    Whoa. Hold on a second. Your profile info shows you as a student. Mercer won't sign you on with boo driving experience.
     
  4. War Wagon

    War Wagon Light Load Member

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    Dec 18, 2012
    Southport, NC
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    I haven't updated my profile. I will have a year in 2 months.
    And trucking is the best thing Ive ever done. I couldn't go back to sitting at a desk ir something.
     
  5. spyder7723

    spyder7723 Road Train Member

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    Have you checked with mercer to see if a year is enough? 3 is more common for oo companies
     
    Last edited: Jan 19, 2014
  6. jbatmick

    jbatmick Road Train Member

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    hastings, Fl
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    Mercer has a good reputation for O/O's, but I am told they will not baby sit you. Not sure of leasing requirements, but seem like most of their hands are older, experienced.
    Has your wife ridden much with you ? Trucking quickly gets old to most women, and it can be rough trucking with an un-happy better half.
    You need to live close to a good freight lane for Mercer, will help to slip by the house every so often.
    52,000 a year is do-able, but don't count on it the first year or so.
    Good luck, it can be done, but it takes work.
     
  7. spyder7723

    spyder7723 Road Train Member

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    If you can't do 52 your first year at Mercer you got bigger problems. I did better than that and was home for nearly half the year.
     
  8. Chinatown

    Chinatown Road Train Member

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    Talk to Bill at Farm2Fleet & check the website. It's a good 0/0 company.

    I'm not knocking any other 0/0 company, just showing another option to compare.

    Schneider has used trucks in your price range. They have used truck sales in Atlanta & Chicago and probably other places.
     
  9. BAYOU

    BAYOU Road Train Member

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    What start up cash you going to have after your down payment? What about gear you'll spend $4,000 on that rack chains binders you name it, I think mercer is a good choice because of the lease to own on the trailers.
     
  10. fld

    fld Medium Load Member

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    Nov 24, 2012
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    I have heard good things about Mercer.

    I can only tell you that my experience with farm 2 fleet is not good. Bill asked me to email him. I explained my situation to him in the email and when he saw that he couldn't make money off of me, he wouldn't even answer me. Not a form letter, no information for another time, no "I don't think I can do anything for you at this time", nothing. xxxxxxxxxx

    It is one of the most rude, un-businesslike things that I have ever experienced. I thought maybe he was busy, but what I found is that he is busy writing post after post after post after post, trolling the site for recruitment, non stop, everyday. To me, that just looks like MASSIVE greed and ignorance.

    I do not deal with people like that, and I hope that the good people that are out there will do the same. It says a lot about his character, or lack thereof.

    I like that your wife is good with money. In this business, you have to always stay ahead of your money. If you can always do that and keep your overhead low, you will do well.
     
    Last edited by a moderator: Jan 22, 2014
  11. Oi!

    Oi! Road Train Member

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    52k is forklift driver money. WTF are you talking about?
     
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