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O/O's

Discussion in 'Ask An Owner Operator' started by krazzyboi_44, Nov 24, 2008.

Page 1 of 3
  1. Nov 24, 2008 #1
    krazzyboi_44

    krazzyboi_44 Light Load Member

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    Apr 30, 2008
    BAton Rouge,Louisiana
    0
    how much money should someone have in the bank to get started in being a o/o?
     
    krazzyboi_44, Nov 24, 2008
    krazzyboi_44, Nov 24, 2008
    #1
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  3. Nov 24, 2008 #2
    walleye

    walleye Road Train Member

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    Land of Cheese
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    That all depends on how much you are willing to lose.......
     
    walleye, Nov 24, 2008
    walleye, Nov 24, 2008
    #2
    MrsSandman Thanks this.
  4. Nov 24, 2008 #3
    Working Class Patriot

    Working Class Patriot Road Train Member

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    How much have you got????:biggrin_25525:
     
    Working Class Patriot, Nov 24, 2008
    Working Class Patriot, Nov 24, 2008
    #3
  5. Nov 24, 2008 #4
    Working Class Patriot

    Working Class Patriot Road Train Member

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    Rule #1 for being an O/O: A truck is nothing more than a hole running down the road.....:biggrin_25523:
     
    Working Class Patriot, Nov 24, 2008
    Working Class Patriot, Nov 24, 2008
    #4
  7. Nov 24, 2008 #5
    MrsSandman

    MrsSandman Light Load Member

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    Nov 19, 2007
    where ever I park my patooters
    0
    That's about the size of it these days.
     
    MrsSandman, Nov 24, 2008
    MrsSandman, Nov 24, 2008
    #5
  8. Nov 25, 2008 #6
    krazzyboi_44

    krazzyboi_44 Light Load Member

    296
    42
    Apr 30, 2008
    BAton Rouge,Louisiana
    0
    i ran across a guy at the truck stop and asked him and he said about 5k will get you started but you will need more..so that's why i came here to ask you guys
     
    krazzyboi_44, Nov 25, 2008
    krazzyboi_44, Nov 25, 2008
    #6
  9. Nov 25, 2008 #7
    Working Class Patriot

    Working Class Patriot Road Train Member

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    Let's start off with the cost of a rig...You see the prices post in the classifieds
    Then move to insurance premiums.....$7k-$10k a year
    Fuel won't always be cheap so plan on getting back up to at least $1K for a fill-up
    and that doesn't cover the cost of permits, IRP, OR and NM registrations, IFTA......
    What about the cost of maintaining your rig?
    You have to pay yourself somehow too.....
     
    Working Class Patriot, Nov 25, 2008
    Working Class Patriot, Nov 25, 2008
    #7
  10. Nov 25, 2008 #8
    krazzyboi_44

    krazzyboi_44 Light Load Member

    296
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    Apr 30, 2008
    BAton Rouge,Louisiana
    0
    i was talking to my dad the other day and he told me that as long as you working for somebody you will never be rich you only make what they want you to make and if you had your own business at least you will have a CHANCE to get rich thats why i started thinking about being an O/O and i also hear guys just doing it for the money but in my case its not that i love just looking at rigs let alone driving one
     
    krazzyboi_44, Nov 25, 2008
    krazzyboi_44, Nov 25, 2008
    #8
  11. Nov 25, 2008 #9
    krazzyboi_44

    krazzyboi_44 Light Load Member

    296
    42
    Apr 30, 2008
    BAton Rouge,Louisiana
    0
    how do you pay yourself...after you have paid all the taxes and fees the rest of the money should be profit...right or wrong? do you guys pay taxes on each load or once a month?
     
    krazzyboi_44, Nov 25, 2008
    krazzyboi_44, Nov 25, 2008
    #9
  12. Nov 25, 2008 #10
    Working Class Patriot

    Working Class Patriot Road Train Member

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    I'm an O/O and I won't get rich doing it.
    Btw, just because you own your own business, you are not completely autonomous.....every time I sign a contract...that broker or shipper is the BOSS...period.
     
    Working Class Patriot, Nov 25, 2008
    Working Class Patriot, Nov 25, 2008
    #10
    Rockatansky Thanks this.
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