22 year old trucker making over $20k per month, a complete breakdown of all the on road expenses.
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- Опубликовано: 19 авг 2024
- • Track Info:
Title: Bright Future
Artist: Silent Partner
Genre: Pop
Mood: Inspirational
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You’re probably the maturest 22 year old I’ve ever ran across. Married, business owner, and a hard worker.. Sky’s the limit👌🏾
Thank you man. It means alot! I had to grow up fast, trying to make the best life I can.
He looks more like 32
I couldn’t agree more!
austin haynes you got a email or IG so I can ask you something
Are you a home owner too?
Grounded young man with a family who isn't afraid of work. RUclips needs more people like this. Strong work man. When you look up in 10 years you definitely wont be surprised by your success.
I was just thinking the same thing
In ten years he will own multiple companies. Im sure
At 22 I was getting high and playing halo every day. I don’t even know this guy and I’m proud of him, I bet his mom brags about him all the time.
Sami Binebine I’m 25 and I miss halo 3 😔
LA Resident lol
Sami Binebine I’m a Lvl 50 😎👍🏽😹💀🤣
Same same...only made it as a brig 🤷♂️ but that shit was life lol
I'm 26 and still playing warzone daily hahaha.... Kids and a Wife will change your life i tell yah!!
Idgaf if ur making 500 a week net profits bottom line and fact is ur making a living supporting your family and as a class A driver for past 15 years and knowing this Industry inside and out you are killing it imo!!
Get that money bro and be safe out there
You do hot shot bro
So glad to see a young kid making it own his own! (No disrespect on the kid but I’m 50 and my youngest daughter is 29) you have obviously been taught to work for everything that you need and want kudos to your parents for raising a great son! Keep up the good work!
Very educational and well presented. What I learned from this is that you should look into becoming a Freight Broker! They take 20% for sitting in an office and they’re home every night. My first real job was dispatching for a small air cargo company. Just six small planes, but good revenue and marketing was a pretty easy gig for me. I was 21, and I’m an airline pilot now in my 40’s. Keep at it, you have a great work ethic!
Keep trucking brother; I think u are doing well. Am proud of u. Am an owner too and I understand exactly what u are saying .... God bless u with your family. Just one advise ... If you can open an account to save funds specifically for 'PM and emergency breakdowns, so that it never entangled your home expenses... It really helps. I have been doing that and before I knew I had saved over $25k .. and truck and my Reefer Trl still on warranty. But overall, good work brother and keep the faith.
Put that 20% back in your pocket. I thought it was going to be a lot harder by opening my own authority.. but there’s tons of brokers out there that help you out with all paperwork and make it easy on you. Been with my own authority for 2 years and run local in Washington and is best thing I ever did!
Amen
I'm in Texas wuts the name of these brokers😶😶😶
Pnw- can I contact you for instruction to do this? Just getting started and could use some experienced input.
Thank you
Paperwork is what makes me nervous,strapping i got,driving im ok,but paperwork im lost lol
I would be more concerned with dropping extra money on equipment payments, it is worth the loan interest to stay liquid. Chances are you will sink your own ship that way. Put the overpayment in a separate account for repairs, replacement, and growth.
Great video, I did Hotshot for several years from Freight, to cars, oversize loads. Once you learn the system the best thing is to find your own loads and your own customers. Or a local customer that you haul direct for every day. But sleeping in a one ton truck sucks and since eld's came out, over the road trucking sucks, just my opinion. Best thing I ever did was buy a day cab Freightliner and stay local, home every day, just a day job now. Also the maintenance on a Class 8 truck is minimal compared to a one ton truck and gooseneck trailer. And the options of loads way better, you can haul everything.
Me too brother 20k plus from running my own life insurance brokerage. 22 yrs old🤘🏽 let’s goooo
Marco pásame tu email si es posible. Quisiera un tip por favor
20k in a month!? How are you marketing I just got my life insurance license back last month I want to market online
Hit me back with an email or phone number man. I wanna get to know every detail before I turn 22 on the best way to be an owner op and not going bankrupt
Jose Enriquez my email is above if you are referring to me
I call BS....Marco
Thanks for the break down, I'm a numbers guy. Considering getting my own authority but hiring a driver. Please keep doing this. Happy New Year.
People need to learn from this guy. Keep working hard
I run my own construction company and very well understand the need for as many write offs as possible! The bummer side of it is that by paying less in taxes means you show less for income, which can bite when it comes to buying a house, getting a loan, ect...
You have good head on your shoulders it sounds like tho, and youre being very successful. Make sure to leave time for family! Those days you never get back.
@@happypappy6371 claiming all your deductions isn't the problem, the trouble is when you buy items you don't need to avoid paying taxes, let's say you have a perfectly good truck but you don't want to pay as much in tax to you buy a new $80,000 truck to avoid $40,000 in taxes. Sure, it feels better, but you just lost out on $40,000 you could have invested towards your retirement.
Not if your an employee.. they don’t need to know you own the company... why would u give that information if it’s not even needed. I just dropped some game.
Happy Pappy it lowers it as a company but you are suppose to be an employee of your company. W-2 from your company... you have to think outside the box.
Happy Pappy when you start a LLC you use your business EIN.
Just Came across this video. I’m also from the Kansas City area (Indep) I thought about doing hotshots before but I went ahead and bought a used semi cash. I’ll start hauling oil in May. Good seeing someone else in their early 20’s in the transportation business doing the damn thing! Good luck brother.
Say it louder so that the people can hear you in the back...Get it how you live homie.
Aye man I’m thinking about doing the same thing but I got people telling me just start with another company because insurance no one will take me
Just turned 20 and just got my own 19 Chevy dually and hopefully when I turn 21 I can get into hotshot
Great work! And your numbers are on point bc I started car hauling with a Kaufman 3 car trailer and those numbers are the same as mine with a Dodge 3500 ...just bought my day cab and 4-car and starting for myself under my own authority, couldn’t take being under someone anymore
Wish I had my shot together at 22
im 38 and just got started, so its never too late.
I'm 22 I am getting mine started i'm tight with a company so I am guaranteed all the hotshots.
iamOAKland you just got your license?
@@iamOAKland how did it turned out?
It’s never to late brother!! Don’t look back and dwell on the past keep moving forward and conquer your dreams!
Searching for information on hotshot and this is definitely it! Keep up the good work man!
Here's to your continued success man, God Bless
You dont have to apologize to no one your doing something for you and your family. All those critics talking neg thats theyre problem. Your doing them a favor with these vid. If they dont like it tuff cookies
Absolutely killing it. You are one smart cookie my friend. Smart business strategy for sure.
Thanks for sharing your info and the break down of the numbers. Was gonna ask about maintenance but you answered the question later in the video. Definitely gonna get a lot of views on this video.
Austin you are da’man. Inspiration is what I am looking for, you hit it out of the ballpark for me.
Word to the wise, stack up your cash and hold back on the extra money towards payments. There is a economic crisis brewing and things may slow down dramatically. Better to have excess cash in the bank than a paid off truck. If nothing slows down you can still pay off the truck.
Learned this the hard way in 08.
Rudie
That is so true. I'd like to pay off my mortgage in 15yrs or less and I do exactly the same way you described.
@Wile E Coyote who
If he pays off the truck and lives within his means now, even if it slows down in the future, he'lll stil be ok. Being out of debt in an economic downturn is better than paying extra on interest. Same
With mortgages.
Wile E Coyote who ?
so i assume youve already shorted all the markets? :)
Another great video. I always mention I know nothing about trucking but love watching trucking videos. You do a great job with all the details. So much info provided. Merry Christmas and a Happy New Year's to you and family. Stay safe out there bro. 🤘
Good deal. You’re doing great. My uncle owned a cartage company in NYC with 17 trucks that just ran empty and loaded trailers all over NYC and NE NJ. He switched over to leasing all his tractors and getting out of them when the warranty ran out. Never had to worry about breakdowns and was able to use a loaner unit to keep moving. This was years ago when you could write off everything though, like his wife’s Mercedes Benz as a company car, not sure now. Most big carriers lease units for the same reason. Might want to look into it, you lease things that go down in value and buy things that increase in value.
It’s crazy how much of your gross just disappears. I manage my own loads, which can be more effort, but if I gross 6k in a week I’m generally left 3800-4000 after expenses.
Collin how do you manage your own loads? My brother is an owner operator and pays more than this guy. I think 25%, but he pulls out of our ports and doesn’t own his own trailer. My husband wants to buy a truck and find loads as well and I’m going to drive. I’m getting my CDL.
@@jross7277 I have about 8 customers that ONLY use me for their transport, and most of the time the timeframes to move things are a week or so out. So I get to arrange routes mostly on the east coast however makes sense to get it all done. Sometimes its crazy to juggle it all by myself, but i keep my people happy and they are generally ok to wait if i cant get to something immediately. I fill in the blank spaces in my loads with random people that call me for hauls.
If you have dedicated customers then you will will trust me. If load board its going to go up and down.
This is very typical on just about any freight hauling trucking business, 60% are general expenses and 40% is home take revenue before taxes.
For the young guy, or anybody else, I know of one trucking company and one dispatching company that will keep you guys busy making money.
(a) Trucking company 20% of the truck revenue, they pay for everything (liability insurance, cargo insurance, commercial plates, factoring ), they provide you with their own authority, commdata fuel card. They provide 2 days of load boards training (DAT truckers edge, interstate truck stop and Uber load board ). They also train you on vetting for credit rating brokers and factoring companies. Thereafter you dispatch your own loads 100%. After picking up and delivering loads, you email the bill of lading to the trucking company. They do the factoring and the collection. They do settlements every Friday, paying you direct deposit into your account.
(b)Dispatching company, 8% dispatch fee, they 100% dispatch your truck, they do credit rating vetting on brokers as well as on factors before accepting load rating sheet confirmations. You get dispatched , picking and delivering loads, doing your own factory(3% of your load with a factor of your choice ). The factory company direct deposit your money settlement into your banking account within 24 hours once you email the BOL into the factor. You pay your dispatcher within 3 days after you deliver your load via a dispatcher application on your own cellular phone. Gross revenues for hotshot truck with a 40 feet hotshot truck and gross revenue for a 48 feet flatbed trailer and 48 feet stepdeck trailer.
(a) hotshot truck (1 tone dually 3500, 4500, 5500) on the weekly basis, 4,500.00 dollars to 6,500.00
dollars. (b) Flatbed, stepdeck 18 wheeler truck, gross revenue on the weekly basis is 6,000.00 to 8,500.00 dollars. These 2 outfits are the best in the USA when it comes to experience, expertise, honesty, integrity and transparency ransparency.
Since you the truck and trailer owner operators will make at least 100,000 dollars on the yearly basis after all expenses(taxes not included ), it is only fair that I charge you 2,000.00 hookup fee (this fee is an up front fee, no buts and ifs, or BS ). For the trucking company owner operators, I must see your MVR, I will not take any body's money unless they qualify to be hired.
Antonio, the 18 wheeler
Eloy Antonio roa sanchez sounds shady
James I watch Austin’s videos periodically because were talking about leasing a super duty truck. I’m interested in this type of lifestyle. Let me explain something here when either purchase or lease a vehicle you can for a time depreciate the payment or lease. What I was incorrect about is the #1 if you are using say an llc that you set up to operate under then you have to lease I don’t know quantity of super duty trucks you would need but if you could meet the size requirements you could do a fleet lease. The problem might come in even for an established OO is that there is going to mileage requirements that need to stay with in or you would pretty much own the vehicle if hustle and rack up the miles. An individual with a credit score can lease a super duty truck. My stepfather owns a large towing company along with a repair shop and a salvage yard. He also owns a 410 sprint car. He leases the f450 super duty with the 5th wheel for towing his trailer. He leases the ford super duty through his business well one of the businesses. He depreciates the truck over 36 months then get a new truck he never has to worry about selling a truck and after so long you can’t depreciate what you could up front. He leases another car a bmw of some sort through his real estate holdings company. He leases his business to himself. Your goal is to not show large profits so depreciate and write off whatever you can. I don’t know about an owner operator hot shot truck. But I can promise you can lease a super duty truck. What stipulation(s) the vehicle company sets up for a lease I don’t know. I’ve got some things to learn. I can see how you likely exceed mileage limits set fourth in any lease that you’re racking up miles. Because when go over your Going to likely end up buy that truck anyhow. I can promise the guy all the ins and outs of creative accounting where I want to maybe to something like Austin but starting up is something that requires you to really research several different things but he does a great job breaking down his take home. Lastly people better eat this freight up now because a decade will have mostly all autonomous trucks any how. The trucks will drive the highways and truckers will be like at local hubs to bring the vehicle in to the final destination. Likely 15 from now they will have it all figures out. The trucking industry will forever change. No log books no sleeping low overhead. Railroad same deal. A lot of jobs are no longer going to be required. Ps sorry it gets hard to follow my damn phone really needs replaced and touch screen is not real accurate at the moment.
Powerful, brother. Thank you. Much needed info for us about to get started.
It's good to see a young man so responsible..Keep up your hard work!!
From a 22 year old in wealth management now to another 22 year old working and planning extremely hard. I highly advise you to see a financial advisor that has an in house cpa or one that works closely with one and start putting money away in a Roth Ira and SEP account. You're making so much quickly and you can make money work for you now. Many people work hard but not many work smart. That's the difference I noticed in the people that walk through out doors especially at our age it makes a big difference
Don't forget to put $ back for a maintenance fund
Yeah, I was thinking about that as well. With his warranty, he won't have to worry about that for a little while but as soon as the truck is paid off, I'd be putting at least half a payment back for breakdowns.
ThatOneGuy82 Lease never buy
@@musicanoofficial7233 From what I hear, if you drive your truck as easy as possible, you can get years of service at an affordable price while making a healthy profit. Just gotta have some money to put back for a big repair should it arise.
@@musicanoofficial7233 can't lease that many miles
Kevin flabouyfishing you can lease for 3 years, and it’s 1,000 for every 10k you put past your contract or .10 cents for every mile you go over
Your doing good, but blows my mind that guys leave 20% on the table. That’s $4000, or an extra 1,000/wk u would have NET if you ran ur own authority, get a laptop, find your own loads.
Chris I was thinking the same thing
Dino Distefano true
His insurance would be more then 15k a year if he has had his CDL less then 3 years. Most insurance companies won’t touch you out of state for less then 25 to 30k a year with a young CDL
How much is it to get your own authority for an 18 wheeler
Brandon Tarver $3-4K down payment on insurance, 300$ fmcsa fee, misc fees ~$1000. So high end, $5300 to start. ABSOLUTELY worth it.
Sounds like your parents did a great job raising you hope you do this every week you and your family have a great holiday
Hey brother great to see others like myself doing good for themselves at a young age. Keep up the hard work and be safe out there!
Thank you for the video and for the breakdown if your weekly expenses. Merry Christmas to you and your family and have a blessed and safe New Year's
I think you should look for a sponsor to help with cost. If you do one product review per month and provide a link to purchase you might find a new income stream. Example would be a super comfort cab mattress designed for hunters and hot shots. Or a air filter pre-cleaner that helps with fuel cost. They give you the product to keep and review.
Proud of you for being so mature for your age and making such great decisions in life! :-)
I ran into your videos looking for tips for hot shot, I’m 20yrs old and barely getting into it. Your videos seem really helpful....Wishing you more success, god bless!
Any updates?
Keep up your hard work ......your doing great and obviously a self starter.
Be blessed always young man I’m an owner operator myself. Keep up the good work.
Dude your video was awesome I work for the railroad and been looking to do something different you basically net $3200 every 2 weeks according to your breakdown where I net $2500-2700 every 2 weeks but what I love about your career is with the exception of working under someone else authority and paying 20% you basically work for yourself and make tour own schedule which is a rear thing
these days. I make $110k a yr but I have no off time nor do I control when I want to work I'm def looking to get into the hot shot game .keep up the good work and I look forward to more of your videos!
I’m in Kansas City Missouri on my way to graduate highschool 3 months left I loved this video excited to learn hotshot trucking and diesel mechanic
Hey Austin, Fantastic JOB!!! Thanks so much for sharing your info. on earnings vs. expenses etc. You are making an income so many including myself only dream of at this point.
Wow a 22 year old who is will to work hard to make a living sweet good job now i love this video i got. cdl and they want drivers hope you get alot of young adults looking at this video
I’m 20 & I’m so close getting my cdl class A 🙏🏼 by January . love seeing vids like this gives me ideas on what to do when I’m 21 🤙🏼
Don't drive a light duty pickup, learn to drive a class 8 truck.
You are doing damn good! Dont listen to what anyone says. I see in the future you having a whole FLEET of trucks.
Merry Christmas to you and your family! Congratulations on your success!!!
Same age but I bought a semi and it's the best, keep crushing it make that money and be safe out here driver
Nice job man! Crushing it!!
You remind me of me at 20. Always have the hustle. Never work for anyone but yourself.
Hey brother, you're doing great! Im proud of you! I'm 36 or 37 i forget lol but just learning about the transport business! I wish i couldve and wouldve done this at your age but is what is I was too busy serving in the Army but hey met my wife while I was in! Great job and God bless!
You're very very fortunate. Most guys who have tried this only made @ 3.5 to 4k weekly. I'm glad for you, but like I said, you are very very fortunate.
I've had my weeks like that. I also run alot harder then most. Not to many guys out there are consistently running over 3,000 miles pre week.
@@austinhaynes5127 That makes a big difference. 2 more things you need to consider. A 5% split to an Emergency Escrow Fund (2k - 5k), even though you have warranty and a 3 Month Emergency Fund in case you can't work.
What you forgot is TAXES! I don’t see it anywhere on that board. I used to run as an O/O and I can tell you this kid is painting a pretty picture, but leaving out a big ugly part. Hahahahaha I also don’t see health ins. Anywhere on here. Retirement , PM’S etc. etc. etc. cut that “net income “ in half. That’s you true number. Still not bad but for all that running & headache 🤕 it’s iffy at best. But some just have to be their own boss.
Not only mature Nd smart but also an honest guy not talking shit in his videos only speaking factsss I like videos like this
Austin you are my HERO... you are a role model to younger generations. You are mature in thinking. Keep it up.
I wish I can work with you.
Only guys making money in this business are the greedy brokers! Those trucks are not made to haul that heavy for that long. My 2015 f350 had transmission issues by 100,000 miles. Good thing was that I had bought an extended warranty. Maybe you'll have a better experience but the only thing I can say is don't haul those containers. They catch a lot of wind, heavy, and put a lot of stress on your truck, especially uphills.
da boys if you’re making 22k a month you can afford to pay for those repairs
@@joseron523
No you can't. It's 20000 gross, but only 7,000 net from what was said. That's taking into consideration that he is working the whole month. What's gonna happen when you break down? Truck is not Gonna be making money. At the end of the day I hope this young man can make it in this Business. This is my experience and the 10 to 15 other people I know that either when bankrupt or sold everything within 2 years.
da boys My apologies I did hear later in in the video
@@joseron523
No problem.
This guy is Great
True Shane Creagor put money back each pay day for maintenance fund if you are running the truck and trailer eventually it will get old and you warranty will expire on both some day. Proud of you!! FYI also if you pay 10% to God he will supply your needs 🙏🏻🙏🏻 keep up the good work 👍😃🙏🏻🙏🏻 prayers for you and your family
I just looked into this not because I want to do it but out of curiosity, an 18 wheeler driver makes at best 60k a year. I don’t know how much different it is when you owe the truck, but obviously you can only do smaller loads. He must be doing shorter trips and not taking any time off. Plus account for all the expenses... good for him .
Just watched for 1st time. Nice content. Nice job on your business savy.
Another fine video,I'm good to go for a career but enjoy following you. Love to see you sharing honest information to help others make a decision if hotshotting is for them.Like your sincerity. Merry Christmas
good numbers. However, never forget truck maintenance cost, and truck depreciation. Warranty only covers so long (and down time means losing money).
Hey Friend! You are doing great with your business!! Keep up the good work. I want to put in a few insights I have from watching youR October video on weekly expenses. In your video you said you put more money forward to your truck payment and you expect pay it off and go 300,000 miles. That’s good however I’ve owned a lot of Ford 450 and 550 trucks and I’ll tell you, they don’t go 300,000 miles or rather I should say they don’t go that distance cheap. By the time you are past your 120,000 mile extended warranty you’re paying $3000 (on the cheap end) to $7500 a year for fuel system issues in a 6.7, blown turbos, transmission torque converter (in which you basically need a whole new $8000 transmission) etc..
So the point of my thought here is if you make truck payments and being a business owner so primarily has a truck as the main piece of equipment, don’t make it your point to pay that truck off. Rather see your payment as “rent” and refresh that truck literally every year. By doing that you’ll save the extra you are paying to “pay off” your truck and reduce your monthly expenses.
At 300,000 miles that truck won’t be wort diddly to anyone and all you’ll have is a paid off truck that costs you more money than it’s worth to keep and nobody wants it.
So again my point is save your money, pay the least in monthly payments you can on that truck, then trade it for another brand new one in December. Also remember the tax advantage to you, section 179, you’ll be able to write 50% of the truck purchase price off in your taxes if you buy a new one every year.
One last thing, that insurance seems awful high! I own many medium duty trucks and semi trucks and dozers, and other heavy equipment, but $1000/month for a single truck and trailer mixed with your hauling liability and stuff like that seems WAY TOO HIGH!!! I would think you only might pay $250 for the entire month!! Maybe get some more quotes. Again maybe you have to cover some stuff I just don’t know about.
Anyway keep up the great work friend. You’re doing great!!!
Sean Bell 💯
Great information dude! Merry Christmas to you and your family. Loook forward to more videos.
you are doing great any one would be thrilled to make that money.keep up the hard work. happy new year.
First, I admire your business sense! You're miles ahead of most adults not just your peers. Financial planning shows incredible maturity as well. But you're putting up over 20k a month but your net is...whoaaaa.
Love the grind; but id be interested in a longterm cost analysis factoring in the depreciation of the truck, assuming that many miles are being put on it in a month.
Dude freakn awesome great vid ur drive/ work is inspiring im 25 65k a year but never home 70 hr work weeks u inspire me to change it up im missing my family thanks alot im studying your channel keep it up dawg. Ps any advice on a base cash number to have b4 starting and leasing a truck recommendation
I'd recommend having around 4,000 to spend for start up, then have around a month income safety until you get in a routine and your paychecks start flowing
@@austinhaynes5127 Mr. Haynes ur awsome i wish u the most success blessings to you and your family Thanks for responding and a. Percent of your knowledge👍💯💯💯💯
Man I was on Iowa hwy 20 and got caught going against the wind towards Omaha...9 mpg vs 15 mpg ran me dry quick. Keep doing what your doing though bro thinking of doing what your doing
Being out I'd debt is piece of mind that is priceless. How he is writing down debt to show no income is pretty slick.
thank you for the info you bring to the table. please keep it coming
I live down in Springfield 🤙🏻 You’re right, that’s a good wage for our area.
I'm Looking to Do Hot Shot Car Hauling with a Kaufman Mini-5 and Dodge Ram 3500, thanks for the Motivation and things to Look out for as an O/O, right now I do Flatbed for a Company.
GLOBAL GHOST hi man , how much are you expecting to make doing that ? I’m about to do it just like that but I’m not sure about how much money I can make.
@@bluewaveprotransport4325 Well I expect to Pay myself 20-25% of Each Load and Possibly do 2/3 Local Runs each Day with a Possible Saturday thrown in. I'm only honestly looking to bring in $2,000-$2500 a week for myself being that I'm looking to pay off debt faster but I've heard I can make $3,000-$4,000 per week profit
I know this might be a stupid question however do you need a CDL to haul a trailer
Nice to see another guy my age doing the same thing, I’m 25 now but having my Cdl has been the best asset to my life!
8k week is jus good....🤔 8k mo is excellent...Great Job Buddy @22yo I wish I had a plan like that at this age! Blessing to you and your family!
Love that independent contractor 10-99 , 👍. Write offs are vital.
22 good for u bro. Remember save your money. Trucking business get slow doing winter
Fuck bro. I just hit 27 a month ago, and I bought a truck off a year ago. I jumped into owner operator/trucking without knowing what a trucker driver actually was. I never made it this good. Most weeks I net $3k a week pulling dry vans. I'm about to be pulling reefers soon to see what happens. Anyways I'm glad to see a young man such as yourself handling business . It shows that a lot of us don't really have any real excuses. Good stuff and you keep safe out there
So how’s it going now?
I'm shocked your 22.... How awesome for you and you're family!!
Good for you my friend. Dont let the naysayers get you down!
You're doing great Austin keep it up.
My hats off to ya man. I'm doing 1800 to 2000 a week local company driver now
Great info man! I’ve been thinking about getting into hot shoting so your videos have been giving me some great info. Merry Christmas and enjoy your home time.
Can I use my Toyota tundra to hot shot
Wow great video best young man but a hundred times smarter than I was at 20 years old
Awesome and how you do it.
And many want believe you which is fine. But it’s out there.
I’ve been in this business for over 25 years.
But we can score 18000 to 26000 a week with a semi and a 53’ van. Me and my wife run it team. And only work 4-5 months a year.
And we’re debt free so we can hold out and get those last minute flights that usually have open check books.
Which sounds to me your on the right track.
But key is save that money.
And don’t know when but rumor is we’re headed for a recession.
Are you an independent contractor, who do you work for I'd like to start that
Did you just say running team with your wife you make $18,000-$26,000 a week gross? Holy shit trucker that's hard to believe
Okay so, how plausible is this? There are 168 hours in a week. If you drove every hour at 55mph with no stop you would cover 9280 miles. Giving you a theoretically impossible lowest pay of 1.93 to 2.80 a mile. Now in real life you would stop some times etc, but let’s assume max out your DOT legal hours at 60 each. So 120 driving hours total for the week, let’s also assume all those hours are highway hours with no traffic. Your hypothetical mileage would be at 6600 miles for the seven days. With that your claimed pay rate is 2.72 to 3.93 per mile. Now obviously that is a perfect world example. National average rate over the last six months has ranged from 2.08 to 1.87 on a dry van.
So I think it would be possible to hit those gross figures with either cooking the log books and driving more than the legal, or finding high value loads. Though to be honest over 3 per mile on dry van sounds very suspicious to me. Anyways folks - decide for yourselves, I’m but a simple business analyst in the field.
I like your ambition. My two cents: I didn't see a break down cost of maintenance (tires, oil changes, etc). That truck and trailer will depreciate on your taxes but that truck won't last forever. While I think its great to pay off the truck loan early, eventually you will have to buy another truck. I would keep the $500.00 budget in for a new truck even after it is paid off. Keep up the good work!
That's pretty good but the breakdown goes even further maintenance Fluids filters tires Food and tolls really take a lot as well As a few other things . Divide your gross income by your miles for your cost per mile operating
Happy for you youngster. Your making more than some OO with semis I see on RUclips n they have more overhead. At least your knocking yours down. Keep up the good work.
T Hollins Comparing O/O with semis with him having a ton and a half truck is a huge difference. Fuel cost for one lol.
@@christopherb.fields3437 Agreed but I'm comparing him to guys who spend 1000 a week in fuel. You no some OO brag about 9mpg.
T Hollins Damn I wish I only spent $1000 a week in fuel and got 9mpg. Haha, must be great.
@@christopherb.fields3437 Boss we got to learn to run smart that's the key Happy New Year Boss
T Hollins I spend like $300 - $400 a day on fuel. Maybe it’s having a 1998 Frightliner FLD or maybe it’s the way I drive? 😂 And I’m averaging around 5 mpg. Yes sir Happy New Year to you.
You're the second person to state that they are covered by warranty (manufacturer warranty, like Ford) if something were to go wrong with the truck. Can you explain what kind warranty you purchased? After extensive conversations with Ford dealerships and aftermarket warranty companies; all have said that their warranties only cover normal operations (owner user) and not commercial vehicles. That those types of coverage would come from insurance companies or would out of pocket expenses for the owner/company. Looking to start my authority and have been looking into this aspect of the industry for the last month. Any assistance in this matter would be greatly appreciated. Also, enjoy your videos. Appreciate you're willingness to share your experiences and financials in helping educate. Thank you again.
Through my dealership, my vehicle is not listed as a CMV since I still use it as personal. It's a blurred line
don't mean to beat a dead horse, but doesn't your vehicle have apportioned tags? Or maybe perhaps your local dealership is really working with you. Anyhow, good for you, and continued success.
@@hrj69 yes, I have apportioned plates, the dealer here at home isn't strict, I have a very good relationship with them since I'm in there so often getting services done
Same expenses, just more running a brand new Freightliner and flatbed, broker fees depend on who hooks you up and what you haul. I went to a state school for my cdl,but included in that was a degree in transportation, skid pad,load securement and in-depth training on paperwork and law. If anyone out there plans on getting a cdl,don't use a knock off training school, go to a tech college, it is worth the $ mine in the end was about $8,000 but that included the kind of training insurance company and employers like to see. I made about $1,500 per week hauling premium loads of steel, after 2 months I earned a new truck/trailer. Fuel,tickets and errors are what cost.
Pay no attention to negative comments, people dont know how to say " good for you". Thats real good money!! It didnt come without hard work from yourself so keep it up!
Very nice detailed breakdown
This is crazy at your age bro. Don't know you but I'm proud of you.
Also, are you non CDL or CDL? I work at a company as a CDL A driver im highly interested in starting hotshot.
Happy Holidays to you and your family, bud ⭐👉🙏 God keep y'all safe, both on and off the road 🙏
that's a pretty decent haul. Yes, many owner ops and lease ops are netting more, but you're definitely doing great. I would suggest that you break down and compare your current hourly income vs your potential hourly income at both the journeyman and master levels in the trades, including per diem, benefits and the time it takes you to do your bookkeeping/taxes(if you do your own).
What company do you share the 20% with? How long did it take to get your license? Thanks for the great video....will share it with my son :)
Your doing great !! Keep up the good work !!!
Aloha I am a trucker 24 years good stuff save all your receipts for max write offs discover credit pays double points for fuel
Build up you credit score
Nice tree with the straps lol.
Keep rolling good stuff
When I was 22 I was working my butt off for 4$an hour because didn't know how to make more. Everybody told me truckers don't make anything