Florida had freight, for at least $1.80 a mile, just have to stay close to Jacksonville Port, an have a Twic card, you can get loaded with a dry van, use to always find fertilizer loads to Alabama or Mississippi
Chump Change minus his cpm he barely making .50 cents a mile and he still has to pay for the truck plus tires and repairs this hustling backwards....HELL NOOOO! 😂
You did pretty well on your lease numbers and pretty much made the same amount as a company driver You may want to consider taking loads out from Florida to cover the expenses of moving the truck out of that area You are a contractor and have an asset to manage. It costs money to move that truck and CHEAP FREIGHT pays for fuel and maintenance costs to move that truck Any time you DEAD HEAD that truck, you go into the negative I call it a double negative You not only aren’t making money empty by not hauling freight but you have to pay the fuel and rack up miles which cost you over a Dollar a mile Your top priority should be to reduce costs at all costs meaning that you should absolutely not roll that truck down the road for free (no freight in the box DOUBLE NEGATIVE) Take the cheap loads to pay for fuel and watch how much more money you gain at the end of next year There are 2 things a company owner should never do 1 refuse to haul a load that can pay for fuel and expenses to relocate you (dead head) 2 sit and wait for a better price load Time is your most important item out there and when you sit or move the truck for free you are making a poor business decision
Thanks for your recommendation I’ll will keep that in mind and try not to move empty. Thanks for watching the videos and commenting!! Be safe out there 👋
I've done the lease before and didn't save for the residual. I went home and did local for the last 3 years. I'm going back over the road with a lease from SFI again soon. This time, I am saving up for the residual. Don't make the mistake I did and not save up for that balloon payment.
It’s not bad, $75,000 net in your pocket. You’re forgetting you paid truck payments and fuel, that’s not lost money or Zero. That’s you paying into your future. Who else do you know that can pay $4,000+ a month for a truck payment? Or $5,000 in fuel? There’s another $100,000 you spent in the year. When you complete the program, you’ll have a truck and it’ll get you up to $100,000+ net a year.
That is true 👍 I hear you that is the goal. To pay it off completely and hit those high numbers but it’s still the reality of having to pay it off while working for an income with a SFI truck or lease it is weekly payments and if anything was to go wrong everything will go down the drain. But always staying positive hopefully 🙏🏻 it will turn out to be a good outcome Thanks for the comment and stay safe out there !!
@@truckingwithjl7826 may the 4 wheelers stay out of our way brother haha. The good news, if you’re running your business for a few years you can go finance a truck at a dealer. I’ve seen 300,000 mile internationals going for $30-$45,000. Get a CPA to depreciate it to 0 year 1 as a write off, and put an extra $3,000 in your pocket every month instead of that big payment, and pay it off in a year. If you luck out and get just 2 years out of it, you upgrade into something a little better over time, and before you know it you’re running a new peterbilt, kenworth. I’ve seen someone drive the wheels off a $15,000 truck, and it last years before having anything to wrong, Pre EMISSIONS.
What year of truck did you lease? Looking at coming over there but wanting to know more of what im expecting. We all know recruiters blow smoke sometimes
Hey, my truck is a 2021 it’s been a little bit rough these days. but I have managed. I’m still making it happen. Maybe wait a little bit if you’re planning to come as an IC here at Schneider . I’m not trying to say not to come or discourage you, but it is a little rough. These days loads are not looking so good. Be safe out there and thanks for the comment.
I started doing this to get the feel of being an owner operator now I might be able to take the truck to another company which I will be able to book different kinds of freight but for now I will be sticking with Schneider if it gets really bad then I will make a move
Hey 👋 I usually stay out for 8 days but it all depends on the loads that are available. There I’ve been times that I stay out two weeks but again it all depends on the load.
@ I’m going to consider Schneider but my main concern was getting an idea of how long I need to be out to cover the whole months payment for the truck. To be clear, your saying it takes between 1-2 weeks to earn enough to cover the payment for the month?
I have a SFI truck and I ended up leaving Schneider to come with a smaller carrier but to answer your question you the price ranges by what u get. When I was at Schnieder I had a hard time grossing over 3900 which after truck payment and insurance you really want take nothing home
🤔for me it’s ok but there are days I’m not sure if I’m doing the right thing by continuing in this journey. There’s a lot of things to consider in this type of business.
Can have it set up as a S-Corp an pay himself as an employee an only be taxed on a set amount hes paying his self.. End of year owe Uncle Sam nada at all
What the I.R.S deems reasonable, what the average U.S trucker makes per year, i have mines set at $45k a year, taxes on that is around 6k federal, if you live in a greedy state like i do NJ state tax is around 4k
@@gsxr286 people forget the truck payment is their money spent. He did pretty damn good and spent $100,000 in truck/fuel, $75,000 plus is going to own it in 2 more years? No house payment? I mean it isn’t bad
@@Mrfitness24726 better than most people, plus the money he’s spending on fuel and payments is his money too. I don’t see anything wrong with it. If you can net $1500/o/o vs $800-1000/company I think it’s better, plus when he owns the truck it’ll get $2,500+ net a week that’s damn good for no college education. I know attorneys Netting $1,000/wk after taxes with $200,000 in debt
That’s not bad? What are you smoking? That’s more than you make as a company driver. You spend 3 years makeing 15k more than a company driver and you get to own your own truck. You spend the next 20 years or until you retire makeing less money with the only out come is you working for less as a company driver? Ignorance is loud with you.
We appreciate you being transparent with your journey. Thanks for sharing your numbers times are rough right now!! Be safe God bless…
Thank you, I will
You did great, and you have more freedom
Florida had freight, for at least $1.80 a mile, just have to stay close to Jacksonville Port, an have a Twic card, you can get loaded with a dry van, use to always find fertilizer loads to Alabama or Mississippi
Dawg.. $1.80 a mile?? 🤣🤣🤣
Chump Change minus his cpm he barely making .50 cents a mile and he still has to pay for the truck plus tires and repairs this hustling backwards....HELL NOOOO! 😂
You did pretty well on your lease numbers and pretty much made the same amount as a company driver
You may want to consider taking loads out from Florida to cover the expenses of moving the truck out of that area
You are a contractor and have an asset to manage. It costs money to move that truck and CHEAP FREIGHT pays for fuel and maintenance costs to move that truck
Any time you DEAD HEAD that truck, you go into the negative
I call it a double negative
You not only aren’t making money empty by not hauling freight but you have to pay the fuel and rack up miles which cost you over a Dollar a mile
Your top priority should be to reduce costs at all costs meaning that you should absolutely not roll that truck down the road for free (no freight in the box DOUBLE NEGATIVE)
Take the cheap loads to pay for fuel and watch how much more money you gain at the end of next year
There are 2 things a company owner should never do
1 refuse to haul a load that can pay for fuel and expenses to relocate you (dead head)
2 sit and wait for a better price load
Time is your most important item out there and when you sit or move the truck for free you are making a poor business decision
Thanks for your recommendation I’ll will keep that in mind and try not to move empty. Thanks for watching the videos and commenting!! Be safe out there 👋
Its better to go through a bank and fiance or lease a truck. Then dealing with these companies.
Loan Mountain is better then the bank or dealership
@@jsmooth176what is better?
Thanks for the information. Be safe driver.
You bet
Really good $ once you take off the truck payment, you'll be making 10 big ones easy.
That's the plan!👍
Great information and like the shirt.
Thanks!
I've done the lease before and didn't save for the residual. I went home and did local for the last 3 years. I'm going back over the road with a lease from SFI again soon. This time, I am saving up for the residual. Don't make the mistake I did and not save up for that balloon payment.
Thanks for the comment and advice 👍 be safe out there!!
What happened to you maintenance account over the 156 week period
You are doing great. If you can save 50k a year in an index fund, you'll have a cool one million in ten years. Woot!
you are absolutely soooo right. Index Funds S&P 500 Stock Ticker VOO
2010-2018 was the years for lease purchase
It’s not bad, $75,000 net in your pocket.
You’re forgetting you paid truck payments and fuel, that’s not lost money or Zero. That’s you paying into your future.
Who else do you know that can pay $4,000+ a month for a truck payment? Or $5,000 in fuel?
There’s another $100,000 you spent in the year.
When you complete the program, you’ll have a truck and it’ll get you up to $100,000+ net a year.
That is true 👍 I hear you that is the goal. To pay it off completely and hit those high numbers but it’s still the reality of having to pay it off while working for an income with a SFI truck or lease it is weekly payments and if anything was to go wrong everything will go down the drain. But always staying positive hopefully 🙏🏻 it will turn out to be a good outcome Thanks for the comment and stay safe out there !!
@@truckingwithjl7826 may the 4 wheelers stay out of our way brother haha.
The good news, if you’re running your business for a few years you can go finance a truck at a dealer. I’ve seen 300,000 mile internationals going for $30-$45,000. Get a CPA to depreciate it to 0 year 1 as a write off, and put an extra $3,000 in your pocket every month instead of that big payment, and pay it off in a year. If you luck out and get just 2 years out of it, you upgrade into something a little better over time, and before you know it you’re running a new peterbilt, kenworth.
I’ve seen someone drive the wheels off a $15,000 truck, and it last years before having anything to wrong, Pre EMISSIONS.
Exactly what I was thinking
yeah it matters how much you save as much as how much you make . Truth
What truck model and year you lease purchasing ? Was it brand new ?
Thanks great video. I subscribed and liked the video. Keep up the hard work
Thanks for the sub. 👍the truck is 2021 it was used 2 year lease..
TY for sharing
Thanks for watching!
I love that shirt my pit looks like him
What year of truck did you lease? Looking at coming over there but wanting to know more of what im expecting. We all know recruiters blow smoke sometimes
Hey, my truck is a 2021 it’s been a little bit rough these days. but I have managed. I’m still making it happen. Maybe wait a little bit if you’re planning to come as an IC here at Schneider . I’m not trying to say not to come or discourage you, but it is a little rough. These days loads are not looking so good. Be safe out there and thanks for the comment.
DON'T DO IT
@@joefro9473 I didn't. Went a different route.
Why amigo u don’t get to broke with many different freight not only your company but many different businesses u can pick and choose
I started doing this to get the feel of being an owner operator now I might be able to take the truck to another company which I will be able to book different kinds of freight but for now I will be sticking with Schneider if it gets really bad then I will make a move
Is there a Ballon payment with SFI
Yes there is for my truck is 45 k but it all depends on the truck.
what are your truck notes on that revenue? how much do you pay for that truck?
Hey the truck is $916.00 plus maintenance $211.00 that’s every week. Plus insurance $178.25 it includes some miscellaneous paperwork.
@@truckingwithjl7826how long do you have to stay out in order to cover a months worth of operating expenses?
Hey 👋 I usually stay out for 8 days but it all depends on the loads that are available. There I’ve been times that I stay out two weeks but again it all depends on the load.
@ I’m going to consider Schneider but my main concern was getting an idea of how long I need to be out to cover the whole months payment for the truck. To be clear, your saying it takes between 1-2 weeks to earn enough to cover the payment for the month?
How much do you need to pay to pay the truck off??? I’m working for Schneider and was thinking about going lease
I have a SFI truck and I ended up leaving Schneider to come with a smaller carrier but to answer your question you the price ranges by what u get.
When I was at Schnieder I had a hard time grossing over 3900 which after truck payment and insurance you really want take nothing home
I have one more year to finish the lease. If I’m staying with the truck I will need to pay the balloon payment. But I have had a few bad weeks.
Are you just doing a straight lease? You’re not buying right?
Lease with option to buy and it looks like I’ll be staying with the truck.
@@truckingwithjl7826 may I ask if it’s a walkaway lease?
What load board do you use?
I use ( all in revenue ) Schneider
Have you tryed the other ones
Is it worth it?
🤔for me it’s ok but there are days I’m not sure if I’m doing the right thing by continuing in this journey. There’s a lot of things to consider in this type of business.
There going to get there money first before you get yours.
Way too much jabbering not enough information
Damn bro. Making 64k. You still have to pay taxes on that 64k. You can be a company driver with benefits and not have to worry about break downs.
Can have it set up as a S-Corp an pay himself as an employee an only be taxed on a set amount hes paying his self.. End of year owe Uncle Sam nada at all
@@jsmooth176 you still have to pay yourself a “reasonable wage” per IRS.
What the I.R.S deems reasonable, what the average U.S trucker makes per year, i have mines set at $45k a year, taxes on that is around 6k federal, if you live in a greedy state like i do NJ state tax is around 4k
@jsmooth176 jersey is greedy I'm from jersey 😂
Not worthy.
That all u take home not good for being gone and all the extra work. They making the money off u. There a scam.
He actually did pretty good nothing about that is a scam
@@gsxr286 people forget the truck payment is their money spent.
He did pretty damn good and spent $100,000 in truck/fuel, $75,000 plus is going to own it in 2 more years? No house payment? I mean it isn’t bad
I think it's pretty good considering fuel and truck payments.
@@Mrfitness24726 better than most people, plus the money he’s spending on fuel and payments is his money too. I don’t see anything wrong with it. If you can net $1500/o/o vs $800-1000/company I think it’s better, plus when he owns the truck it’ll get $2,500+ net a week that’s damn good for no college education. I know attorneys Netting $1,000/wk after taxes with $200,000 in debt
That’s not bad? What are you smoking? That’s more than you make as a company driver. You spend 3 years makeing 15k more than a company driver and you get to own your own truck. You spend the next 20 years or until you retire makeing less money with the only out come is you working for less as a company driver? Ignorance is loud with you.