Hey everyone, my name is Lawrence. I currently live in Chicago, IL. I have chosen to start a new endeavor in the trucking industry. I am nearing the end of my schooling and am trying to educate myself on the best direction to take, given the goals, ambitions and responsibilities I have. I am excited, motivated and passionate about learning new things and hearing about other people’s opinions and experiences, so I am posting on here to get the wise opinions of those on this forum.
First off, a little background info from me. I am 32 years old I have a college degree in business from IU. My parents were both ballroom dancers growing up so learning to dance, teach, sell and compete were embedded in me at a very young age. I came and left the industry a few times, but for the past 8 years I have become very established within the industry positioning myself as a future multi studio, highly sought after instructor, and admirable competitor. I did this by traveling the country on weekends competing and networking, practicing from 8 am to 11:30 am, and teaching from 12:30 pm to 10 pm. This has been my lifestyle for the past 6 years. For those who don’t know, ballroom dance lessons are not cheap. They range from $140-$200 a 40 min. session, and I had multiple students that would come in five days a week for two sessions a day. And don’t even get me started on the cost of trips and competitions. My time was truly a commodity. I share this because I believe I regularly dealt with people who were well off in life, had plenty of discretionary income and time, and were highly ambitious, or at least I taught them to believe in themselves and that led them to be. I also believe I have a very good work ethic, and am ambitious, driven, motivated and intense about accomplishing my goals in life.
My ultimate long term and overarching goal in life right now is to dive into ministry, evangelism, and philanthropy. Through my time teaching I saw the value and felt how wonderful it is to be able to impact and influence positive change in people’s lives and would love to make that my full time work. However, I want to do this without having my personal finances being a main focus of my time and energy. I want to get away from this by learning more about investing in general and having my money work for me rather than me work for money. To get to the point where I want to be financially, I need to have both the time to invest in educating myself in finance and the capital to start investing all while providing for two children both of which unfortunately don’t live with me due to a recent divorce. I call them both regularly, and have as much of a relationship as their mothers will allow me to have, but unfortunately, at this time, after multiple attempts and appearances in court it doesn’t seem the government is on my side as far as enforcing my visitation rights.
Okay, So here is what I would like to ask from you folks! I am brand new to the industry. I am educated in my previous industry and am eager to learn about this one. I want to know, in your opinion, what is the best route to take regardless of the lifestyle I have to live, liability I have to take on, or sacrifices I have to make to get the most capital the quickest. I am truly looking for actual number ranges, not just things like, “good money”, or “well off”. Let’s just say my first goal is to see how I can get to earning 250k net.
So far, and for the past month, I have been doing extensive research into different people’s routes to being successful in this industry and am fascinated at how many different ways there are to go. I interview different big name carriers by phone, sit down and talk with recruiters that come into school, trucker friends about their goals routes and ambitions, and my instructors about their recommendations.
I am looking to broaden my world and knowledge, so I thought posting on a forum might be a good way to gain some more insight. Please know that your opinion and time spent replying to me is very valuable and will be cherished by me and anyone else that comes and investigates this thread in the future. I truly appreciate those of you who took the time to read through this whole post and are willing to share your experiences with the world.
TL : DR
I am a soon to be CDL holder looking for advice on the best path to take in order to make as much money in the shortest amount of time, but am willing to work my butt off and make sacrifices to do so. Share you knowledge!
New CDL Holder Looking For Advice
Discussion in 'Questions From New Drivers' started by Lawrence!, Jul 22, 2022.
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Another Canadian driver, Flat Earth Trucker and Chinatown Thank this.
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Everyone in trucking starts out at 400k a year, so your goal of 250k is easy to do.... Especially at the megas.
Based on your lifes history posted above, Im going to assume you are going to an independent school, and not one of these work as a slave mega schools. If you are signed on to a mega already, lol on your "research" to this point.
Your only prayer of making 250k is as an owner operator. And yes, it is doable. I made over 100k last year after all expenses working 2 days a week and so far this year my number of trips is down 22% and billable miles down 23% from this time last year, but my revenue is only down 3%. The last 2 months I have only worked 1 day a week. Thats no joke. So there is money to be made out there, if you are smart enough to do it right.
I have a BS in mathematics with a minor in computer science. I worked as a computer programmer for almost 10 years including 4 years writing dispatching software and my father was a trucker all his life, so I have a background built to succeed in this business. And I have been doing it since 1984.
Trucking tends to be a school of hard knocks that also happens to be very unforgiving. 1 mistake can in reality cost you your career or even your life.Another Canadian driver, tscottme, jethro712 and 2 others Thank this. -
Well..
That's quite a first post indeed.
Sounds like you have the good sense and drive to be successful.
I won't delve into your past other than to say sorry about your split as I know it's tough.
I've never owned my own and in near 50 years always believed my income vs time spent, that being a company driver was best for me ymmv.
As far as becoming a truck driver w the immediate goal of making the most the quickest.
I'm double your age and started looking at my future needs about the same time as you.
Investing at 15% annually I've amassed well over a million in that time...it's not a sprint.
But It's a different time out here.
You're gonna need to get a bit of experience to either find a good gig or set up for buying your own equipment and being independent, which is by your post sounding like what you want.
There is no secret or magic formula to making the most money the fastest. This is a cutthroat business and you will learn that quickly. But setting up a plan for experience is not that easy either.
You are in one of the most strategic locations for freight movement, both inbound and out in the nation .
The industry is cyclical and parallels the economy.
That said people will always need food. Some will say a reefer job is a good type to gain experience in a questionable economy.
You will most likely have to "pay your dues" somewhere. To learn the business, but any type freight will do that for you.
Even if you had the cash to buy a new rig there's always someone who will under cut you. Insurance rates will kill you and unless you have contract or direct freight the middleman takes your profit.
You'll need a good year of accident,incident free operation to qualify for a decent company job.
Like DOT foods or Sherwin Williams. There are many others.
Most of the higher paying company jobs tend to be with private carriers. Companies transporting their own goods or are not for hire.
I was just thru town on Monday. What a cluster. Couldn't make it around the corner so stayed in Hoffman Estates, got up and loaded in Burns Harbor, and then lost 4 hours in traffic on the way back!
Lastly make sure driving a truck is something you want to do and not need to do.
You will resent it less..lol
Good luck.Last edited: Jul 22, 2022
JG473, Another Canadian driver, tscottme and 1 other person Thank this. -
Maybe our resident jobs guru @Chinatown can point you in the direction of a good company to get a start with.
Another Canadian driver and Flat Earth Trucker Thank this. -
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Try car hauling, for at least a decent income. Cassens hires new cdl school grads and trains for car hauling and has union benefits.
Cassens Transport
HTTPSwww.cassens.com
Another Canadian driver, Dennixx and Flat Earth Trucker Thank this. -
@Lawrence! --
$250k? Net?
Can you say, "coporate attorney"?
Can you say, "neurosurgeon"?
Can you say, "investment banker"?
Alternate suggestion: Get a job in the cruise industry.
Hot women like good dancers on ships.
--LualAnother Canadian driver, Coffey and Flat Earth Trucker Thank this. -
Just my opinion......ok ? Seems like you ake good $$$ right now, however, at age 32, you have entered a new time in your life. Freshly divorced, part time custody of 2 kids, you're done with decade # 3 in your life. I'm sure you are looking at life a bit differently being in your 30's. You ask yourself, do I want to teach and compete in ballroom dancing for the next 40 years, right ? Well, not really, I want to be a truck driver and make minimum 250K ! Making that amount won't happen. Do you want to be away from kids while trucking ? My answer is take the plunge, experience the "lifestyle" for 6-12 months, then decide if it's a good fit.
JG473, Another Canadian driver and tscottme Thank this. -
before you make goals, get your cdl first, then learn the industry, it is a huge industry that touches every other industry.Another Canadian driver, tscottme, Coffey and 2 others Thank this. -
stay away from the chicago based 1099s & lease purchase. the odds are all on the house. good luck.
Another Canadian driver, tscottme and Chinatown Thank this. -
Save them points at the pilot. I lived off points and cash advances starting off.
Another Canadian driver Thanks this.
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