Just Curious Why He Makes So Much Money

Topic 24499 | Page 1

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JJlearner's Comment
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I was studying all day and got tired and decided to watch some YouTube video about trucking and saw this video. @3:55 he is saying that he can make a couple hundred grands moving furniture for corporate relocations. I am just curious how come he makes so much money, is moving furniture different than other types of trucking business.

Tractor Man's Comment
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Gross income vs Net income. It is not cheap to keep a Big Rig on the road.smile.gif

PJ's Comment
member avatar

I have never personally done household goods but I understand it does pay well. A friend of mine in central .ca owns a moving & storage company. He has contracts with the navy doing pcs moves for military families. He makes a very good living and that is all he does. But also he is no doubt talking gross income vs net.

Will H.'s Comment
member avatar

Probably an owner operator bragging about his gross income. However, after fuel, bank note, depreciation, maintenance, repairs, insurance and taxes. Then he probably has to pay for his own helpers and parking materials on both sides of the trip. I am willing to bet his NET pay looks closer to a company driver. If he is going to be really honest then he should show a copy (with personal information blackout) of his LLCs tax forms.

Owner Operator:

An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.

Brett Aquila's Comment
member avatar

Not only is he talking revenues, not profits or an actual paycheck, but notice how he lowballs what the typical trucker is making. He says the typical trucker is making, "36 to 40 thousand per year and could be gone months at a time"

Now we know for a fact from the screenshots that people have shown us of their pay that rookies nowadays are regularly making $45k - $50k, and 2nd year drivers are making $50k - $60k.

So if he's exaggerating the pay of standard OTR truck drivers to the downside by that much, what do you think he's doing with his own pay? I mean, do you think he doesn't know what other truck drivers are really making? Of course he does. Yet he exaggerates like crazy to make it appear as if he's making a killing.

He also says, "Back in the 70's and 80's trucking was a middle class job. Now it's a poverty profession."

Poverty Profession????

I think the average salary of our moderators in our forum is at least $70,000/year right now. Now who in their right mind would call that poverty???? By the way, the Federal poverty level for 2019 is $12,140. So if he'll say a job that pays $70,000 is poverty level when actual poverty level is $12,140 then you decide if anything this guy says is legit.

Not only that, but how old is that truck he's driving? If you're making over $200,000/year are you driving a new rig or are you driving something that's 15 years old?

This is your typical example of "Owner Operator Math," a well engineered but illusive form of business math where every owner operator is getting rich but for some reason can't seem to find any way of proving it. See also: Ghosts, Loch Ness Monster, Sasquatch.

Episode 20: Don't Be Fooled By Owner Operator Math

We need a mic drop smiley.

smile.gif

OTR:

Over The Road

OTR driving normally means you'll be hauling freight to various customers throughout your company's hauling region. It often entails being gone from home for two to three weeks at a time.

Owner Operator:

An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
PJ's Comment
member avatar

Well know I know why I'm not getting rich wtf-2.gif I have been doing all the wrong math!!! However my accountant much prefers mine!!!!

LDRSHIP's Comment
member avatar

We need a mic drop smiley.

smile.gif

You have NO ONE, but yourself to blame for no “mic drop” or “popcorn” emote!!!

So.... where are they?

Marc Lee's Comment
member avatar

Great read. He did mostly "Executive moves", including military most of his trucking career. He says he made great money and from what I read... he freaking earned it! Makes LTL sound like a cake walk!

Even if it is all true... do you really think you are up to it???

LTL:

Less Than Truckload

Refers to carriers that make a lot of smaller pickups and deliveries for multiple customers as opposed to hauling one big load of freight for one customer. This type of hauling is normally done by companies with terminals scattered throughout the country where freight is sorted before being moved on to its destination.

LTL carriers include:

  • FedEx Freight
  • Con-way
  • YRC Freight
  • UPS
  • Old Dominion
  • Estes
  • Yellow-Roadway
  • ABF Freight
  • R+L Carrier
Marc Lee's Comment
member avatar

Sorry...

Still working on photo uploads...

The Long Haul: A Trucker's Tales of Life on the Road

https://m.barnesandnoble.com/w/the-long-haul-finn-murphy/1124822151

Brett Aquila's Comment
member avatar

Makes LTL sound like a cake walk!

LTL is a cake walk. It's also one of the best paying jobs out there and will get you home at least most nights. The downside is that it's painfully boring. It's like the trucking version of working on a production line. You're doing the same thing day after day. But some people love that.

LTL:

Less Than Truckload

Refers to carriers that make a lot of smaller pickups and deliveries for multiple customers as opposed to hauling one big load of freight for one customer. This type of hauling is normally done by companies with terminals scattered throughout the country where freight is sorted before being moved on to its destination.

LTL carriers include:

  • FedEx Freight
  • Con-way
  • YRC Freight
  • UPS
  • Old Dominion
  • Estes
  • Yellow-Roadway
  • ABF Freight
  • R+L Carrier
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