I have been thinking about it too lately. Dry vans can operated by anyone....including grandmothers, physically impaired and lazy...reefers all but lazy, open-deck....only capable. Open deck operators can always be a competition to others, not so much vice versa. A few months with an open deck would do me good, I got too flabby.
The journey begins - purchased a truck.
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Picking up a load of lumber required backing into a dark hole on a sunny day, into a dock designed for 98" wide trailers with a 102" wide trailer. There's about 1-2" clearance on either side right up to the rub rails. As soon as you set your parking brakes two forklifts get busy loading you from both sides.
I loaded a piece in a MUDDY, rutted yard. It was 30' long and exactly 102" wide. In order to load it three forklifts lifted it up in the air, two smaller forklifts on either side and a big forklift in back. It weighed 30,000 lbs. My job was to back in from an angle and line up the piece perfectly straight, so none of it was beyond the rub rails.
Delivering a load of bentonite to a levee project I had to back up a mile, beginning with a blind side then weaving back and forth to avoid hitting equipment or running over markers for underground pipe on a "road" that was freshly plowed in a field.
Countless times I have to have precision getting in and out of oil rigs and fracking sites. I need to frequently get within an inch of equipment to make a turn, going forward or backward.
It's all fun. My attitude is that if a truck can fit, then I am going to make it fit.Last edited: May 14, 2018
If growing wealth is important to you, you need to appreciate the value of time as it relates to compounding. For example, imagine 2 guys the same age, 1 decides to work a decent blue collar job - say $50k/year - and, by living modestly compared to his peers, he saves $25k/year. He invests it all in a S&P 500 index fund at 7%. The other goes to college for what turns out to be 5 years, taking another 5 years to pay off his student loans. Afterward he makes $100k/year and, by living modestly compared to his peers, he is able to save twice as much - $50k - which he also invests at 7% interest in an index fund. Here are the two guys' net worths after each decade:
Year__Graduate net worth…Blue collar net worth
The net worth of the college graduate, despite 2x the salary and 2x the savings, never catches up to the blue collar worker.
Now you should be thinking "Yeah, but the college graduate also has 2x as much money to live on" - which seems obvious. But it isn't actually true:
After deductions, the blue collar worker earning $50k & saving $25k will show about $6,000 in taxable income. He'll essentially pay no income tax. He'll get food stamps, a free cell phone plan, discounted energy bills, free medical care, etc because the government judges him as poor - even when he has millions of dollars in his 401k.
The white collar college graduate earning $100k & saving $50k pays about $8,000 in taxes. He won't get free medical, or food, or discounted electricity. And due to the societal pressures/expectations, he'll need to spend more for a nicer car, house, clothing. Sure those are nice to have, but when it comes time for a vacation he'll probably actually have less to spend than the guy on food stamps.
Anyway, this is an extreme example, but it should illustrate the point: your time is more valuable than you realize - allocate it appropriately...
I don’t necessarily care about building wealth. I want to make enough to live, invest, and put away towards my ultimate retirement- which now sounds like building wealth.
I think, despite being unable to get back my time, I should finish my degree. As mentioned, I already got this far and spent the money. It’s always another tool in the box and a backup incase driving a truck isn’t for me. Atleast with Pharmacy I know where I stand within the profession on my ability to do the job. That was hard to type.
But the perk is being debt free and being able to use 100% of my salary from the getgo as opposed to 50%
@double yellow Thanks for putting the numbers into perspective.
I can only add two things to the college versus work discussion, that I repeatedly get told are impossible, despite having done it myself:
There are no laws against:
1. Working full time while also attending a university.
2. Paying tuition in cash.
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