I'm Packing To Go

Topic 24136 | Page 1

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Phillip H.'s Comment
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Question. I'm attending company sponsored training , in February. My current lease expires June 1st 2019. I no doubt that I'll successfully complete trainings. I'm considering not renewing lease placing everything in storage, as everyone knows, home time is sporadic at best. I'm thinking , being time home is sporadic, makes no sense to spend $1400.00 monthly when we live in a rolling home anyway.! As I plan running hard for 7 years before retiring. (I've retired 5 years ago from another profession). I can bank pay in total into my retirement account, as I receive adequate funds now. I am a widow, children grown and out on their own, even grandson purchase first home and plans to marry next Christmas. So I would appreciate opinion about putting. everything in storage temporarily. I'm thinking on doing this as a safeguard, slight possibility trucking will not work out as hoped for. I'm thinking in 6 months begin with train, being solo, I can see where my home terminal is located decide to Eighter rent another home or dispose of everything, as I'm not going to pay storage for a extended amount of time. (300$ each month) As far as home time, bunking with daughters and grandkids is a option as well as hotels. ( My kids would argue, with that idea) I'll save In excess of $75,000, on rent, utilities ect., by not renewing lease, on a home I may visit a few days every few months. Between, the savings on home and associated expenses, not paying storage, banking paychecks in total, my retirement would be very substantial. Sorry for a long post. Would appreciate opinions. ( Just to mention, I'm not concerned with the lifestyle of trucking, I previously was a trucker for 5 years, chasing the white lines. I left the industry, to attend to personal family issues, than after losing our first son, my first daughter was put in my arms! No way I could leave them again.) Now it's time to move on. Would appreciate your thoughts. Thanks.

Terminal:

A facility where trucking companies operate out of, or their "home base" if you will. A lot of major companies have multiple terminals around the country which usually consist of the main office building, a drop lot for trailers, and sometimes a repair shop and wash facilities.

Company Sponsored Training:

A Company-Sponsored Training Program is a school that is owned and operated by a trucking company.

The schooling often requires little or no money up front. Instead of paying up-front tuition you will sign an agreement to work for the company for a specified amount of time after graduation, usually around a year, at a slightly lower rate of pay in order to pay for the training.

If you choose to quit working for the company before your year is up, they will normally require you to pay back a prorated amount of money for the schooling. The amount you pay back will be comparable to what you would have paid if you went to an independently owned school.

Company-sponsored training can be an excellent way to get your career underway if you can't afford the tuition up front for private schooling.

Robert D. (Raptor)'s Comment
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Philip H.-

Your plan is what I've been considering. If a person is only home a few days a month why pay rent. I don't pay as much as you do, but the concept is the same. I plan on keeping mine for the first 6 months or less. Then things go into storage and live out of the truck permanently for at least 5 years then I will assess the situation. There are many who have been living in their trucks for a while now and would be better able to tell you what it is like. But that is my plan also.

Good luck.

Oh in your piece that you wrote "widow" I think you meant widower (if your a man). Sorry too much English classes.

Raptor

Big Scott (CFI Driver/Tra's Comment
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Many truckers do that. Rainy D is one. Although she still pays for storage, her truck is her home.

Michael S.'s Comment
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I lived out of the truck for a few years in the past, plan on somewhat doing it this time out too, but will keep my little paid for place in florida(just pay reasonable lot rent) for retirement place. I like to bring my backpacking gear with, and maybe a bike, take my time off wherever I can find a little outdoor adventure.

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