New driver..

Discussion in 'Ask An Owner Operator' started by djidjimidji, Jul 27, 2021.

  1. Midwest Trucker

    Midwest Trucker Road Train Member

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    Wonder if that means before or after paying himself?
     
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  3. Wasted Thyme

    Wasted Thyme Road Train Member

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    Based on 1 post and gone. Could also be a troll.
     
  4. RunningAces

    RunningAces Medium Load Member

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    Only one way to find out! Keep us posted on your progress driver!
     
  5. djidjimidji

    djidjimidji Bobtail Member

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    owner operator.. I’d be working for a company taking 8% but with my truck and trailer. Not trolling so I’m tjankful for all you guys replying. It’s just something I’m thinking about. I was wondering if i drove for 3 years and only had expenses for the truck including payment, would it be possible to save up $500,000 working those three years of working pretty much every day?
    Thanks guys
     
  6. Catmando

    Catmando Medium Load Member

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    How you gonna work everyday and log that ??
     
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  7. dunchues

    dunchues Medium Load Member

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    Nowhere near going to save that in your first 5 years, probably 10 if you're as green as you sound !

    You have to buy, maintain, insure and fuel the truck, pay your 8% plus your personal taxes as well as the pesky taxes that come with ownership and you must have some personal expenses, like house car wife etc?

    It'll take time to learn enough to be profitable, in no way could your plan be a short term money maker.
     
  8. crzyjarmans

    crzyjarmans Road Train Member

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    As long as he doesn’t go over 8.75 hours a day, he can run every day
    So based on that
    He could only average 7 hours a day driving (roughly) at let say 65 mph that’s 455 miles a day
    He’d have to net 684.93 a day,
    Sorry, I highly doubt he’s going to do this
     
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  9. Powder Joints

    Powder Joints Subjective Prognosticator

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    No
     
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  10. Midwest Trucker

    Midwest Trucker Road Train Member

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    I think you probably could right now if you had the right knowledge and right equipment and with the right contacts. Problem is you don’t have any of those and this kinda freight market won’t last as long as you need it too. So no, unfortunately not. Still, give it a go. Why not?
     
  11. TallJoe

    TallJoe Road Train Member

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    Tell us yourself, how did you arrive at that figure? What calculations did you make to even wonder if it is possible?

    The pay does not go proportionately with time spent on the road nor with the miles covered. If you manage to net consistent average between $ 90-100K per year for the next 3 years, then you should be grateful.

    Now, let me think about it but just for fun...
    Assuming you pull dry van and can get the net of 90 - 100K every year- which is still quite a feat and you live for 3 years in your truck like an ascetic monk and you don't go nuts sooner and depending on how much you need to spend to eat, dress and bath, then maybe you can put aside 200K. That's quite a feat too!
    Or from another angle...the rule of thumb is that an owner operator takes home roughly 50-60% of his gross revenue. You would need to generate about 1 million in 3 years, that's 333K every year but you want to put aside half a million so you need even more than that. That ,my friend, is something that only superhumans in comic books can do...
     
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