Is it worth it, finanically speaking, to O/O...???

Discussion in 'Ask An Owner Operator' started by Fiddle Sticks, Apr 1, 2013.

  1. Fiddle Sticks

    Fiddle Sticks Light Load Member

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    Ya, uhm...I have been kinda 'out of patience' for the past ten years, I do not think I can hold out for another five. In two years, I will know wheter trucking is going to give me a nest egg or not, regarless if I O/O or not.

    Frankly, in five years from this point here in time, I was planning on leaving the trucking industry with a pile of cash saved up from earnings and perhaps emmigrating to New Zealand to start up a greenhouse.
     
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  3. WitchingHour

    WitchingHour Road Train Member

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    I still have yet to see a poor man who isn't a slave to his finances, even when it's a lack thereof.
     
  4. Tallman67122

    Tallman67122 Light Load Member

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    Fiddle has no experience at all as a trucker. Heck he even turned down getting the experience he needs at the so called bottom feeder companies. He wants all the glory but he does not want to pay the dues to get the glory.
     
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  5. Epmtrucks

    Epmtrucks Medium Load Member

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    Glory comes with a jobs well done. Money comes with the value you give others. ...... They seem the same dont you think.
     
  6. Florida Playboy

    Florida Playboy Road Train Member

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    The homeless are free and poor but with that comes it's own set of challenges. The reason I never became O/O is because of a conondrum. To make money you need new or almost new equipment. Then you have huge monthly payments hanging over your head so you HAVE To DRIVE whether you want to or not. So much for the freedom. On the other hand you can buy cheap old equipment and make $8k one month then the next your transmission and turbo blow raping your wallet of $10k. So much for making money.


    If a company driver wants to stop working for a few months he just packs his duffel bag and goes home. If you own your truck you have to small make the payments and pay for storage the whole time.
     
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  7. MNdriver

    MNdriver Road Train Member

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    what gives you the idea you HAVE to have a new or almost new truck?

    you can do just fine with a truck that's got 500-700K on it and cost less than a house payment.
     
  8. EZX1100

    EZX1100 Road Train Member

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    i have an 03 and wouldnt trade it for anything (except a rebuilt 03)
     
  9. Fiddle Sticks

    Fiddle Sticks Light Load Member

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    Four and one-half months experience is pretty close to zero experience, but it is not absolute zero, but go ahead....

    It would be glorious to get treated well by any company I am employed at. The bottom-feeders are not just 'so-called'--there are figuratively real bottom feeders--they prey off the 'bottom-of-the-deck'--or newbies. If the dues are like what Knight and other bottom-feeders have done to other drivers testifying here on TTR, then ya, the dues are too high.

    I am contacting an Uncle who has in the past offered me a loan as a way of giving me a break. If I cannot land something decent soon, I just may purchase a car-hauling trailer (one car) and just tote cars around in with my van.

    I know I will likely bank $0.60/mile after my expenses, maintenance accruals, and deadhead miles; likely $600-900/week starting out--more than I suspect I would bank at a bottom feeder.

    No scales, no HOS, electronic logs, no $3k power plates, no IFTA reporting, I can take residential streets to get around traffic blocks, etc etc. Sleeping in the van is not as comfortable as a sleeper in a rig, but a benefit is that I won't be driving a 60' of 20-40 ton nowhere-to-park vehicle either.

    So ya, you can 'sit-and-spin' your disgust that I contine to strive not to sign on with a bottom feeder.
     
    Last edited: Apr 3, 2013
  10. speeedy

    speeedy Light Load Member

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    hey I am also looking to become an owner operator now I have looked around on the insurance is and from what I seen isyou need to have at least 1 full year of experience for them to insure you
     
  11. Fiddle Sticks

    Fiddle Sticks Light Load Member

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    Chicagoland
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    Actually, I got a Progressive reprentative to spend thrity-minutes with me on the phone as I was getting quotes for my van-car trailer setup. I then said, 'By the way...' and asked about quotes for a $50k rig with the minimums. This was over one month ago, but I do not recall my lack of having one-year's worth of experience being an issue.
     
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