Is going company over long run more money?

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by Drivingotr4life, Mar 21, 2018.

  1. Drivingotr4life

    Drivingotr4life Light Load Member

    271
    103
    Mar 20, 2018
    0
    So say over 30 years into your career as a trucker and into retirement is it more money to just be a company driver maybe ltl? Or would getting own authorauthority lead to more.. possibly even signing on with a company like landstar mercer etc. What are your thoughts?
     
    Chinatown Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Drivingotr4life

    Drivingotr4life Light Load Member

    271
    103
    Mar 20, 2018
    0
    I heard this landstar guy worked for ls for 14 years after maintenance and work on truck he only grossed 40k ... like shoot an ltl company pays 70k plus benefits but I love being otr.
     
    Trucker61016, Puppage and Chinatown Thank this.
  4. Chinatown

    Chinatown Road Train Member

    67,864
    141,705
    Aug 28, 2011
    Henderson, NV & Orient
    0
    Go with a company like Estes Express, Old Dominion, R&L Carriers doing line haul and then with careful planning, retire and live the good life at an early age.
    Invest in a retirement plan, rental property, do some day trading in your spare time.
    [​IMG][​IMG]
    ~~Day-trading; wife is home~~~~~~Day-trading; wife is not home~~
     
    Jazz1, Drivingotr4life and Puppage Thank this.
  5. HL Drvr

    HL Drvr Light Load Member

    165
    228
    Dec 1, 2016
    0
    IMO, when you factor everything into the equation (pay, bonus, insurance, 401k, etc) being a company driver will set you up for retirement better.

    I've never been a lease driver, or O/O, FWIW.
     
    Justrucking2 Thanks this.
  6. Justrucking2

    Justrucking2 Road Train Member

    3,211
    4,291
    Sep 12, 2017
    Plymouth MI
    0
    Stay away from EPA trucks if you are going to own one, you will have a good shot at retirement. An EPA truck will drain your bank account in a matter of days, retirement is a long way off. ;-)
     
  7. intrepidor

    intrepidor Medium Load Member

    349
    743
    Aug 24, 2017
    Western Iowa
    0
    Just on fica you lose about 8%
     
    Trucker61016 Thanks this.
  8. Drivingotr4life

    Drivingotr4life Light Load Member

    271
    103
    Mar 20, 2018
    0
    I'm really considering old dominion are ltl gets really competitive? I have a bunch of misdeamonrs from 4 or 5 years ago like 3.

    @Chinatown

    And yeah I already day trade forex. Good money wish I had more than 10k to play around with tho
     
    Chinatown Thanks this.
  9. Justrucking2

    Justrucking2 Road Train Member

    3,211
    4,291
    Sep 12, 2017
    Plymouth MI
    0
    Most outfits only go back 3 years, if not asked, don't tell.
     
    Drivingotr4life Thanks this.
  10. Chinatown

    Chinatown Road Train Member

    67,864
    141,705
    Aug 28, 2011
    Henderson, NV & Orient
    0
    That's right, answer the questions exactly like they're asked. Don't volunteer information that isn't asked for.
     
  11. Chinatown

    Chinatown Road Train Member

    67,864
    141,705
    Aug 28, 2011
    Henderson, NV & Orient
    0
    My wife can make a few hundred every week. Her friend made $200K last week. My wife had a $10K week a couple yrs. ago.
    I quit day trading due to being hard core long haul trucking, but thinking about going back to it.
     
    Justrucking2 Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.