saving money

Most financial advisers will tell you the two biggest expenses anyone can control are eating out and telephone bills. In trucking you are stuck with those two things as your daily life. Therefore, buy your food and learn to make it in the truck and get a cheap phone. Make sure you budget everything. If it isn't on the budget don't buy it. Pay yourself first. That means put money in a savings account. Every time you reach $1000 in savings transfer it to a money market or mutual fund. In Mutual funds look for funds that have a low management fee. If your company has a 401K then always take the maximum matching fund. If they match 3% then take the 3%.

It should be your goal to save 15% of your income for the rest of your life. If you do that for 30 years and get 10% on your investments over that time, if your income averages $50,000 you will be worth $3.3 million at retirement.



Also, only do business with the really ugly lot lizards. Sometimes they will even pay you.

 

Wooly, you are too funny!