TRUTH About Being an OWNER OPERATOR | What Nobody Talks About
Вставка
- Опубліковано 28 вер 2024
- Want to be an owner operator? Here’s the truth about being an owner operator that NOBODY TALKS ABOUT! Stay Driven!
Live Bearded livebearded.co...
💵 COUPON CODE “Driven” 💵
🔥🔥www.talladegafi...🔥🔥
The Vlog Channel / @brianphillips649
My Emblem (you get to customize yours) amzn.to/31ogSrC
Download Trucker Tools for FREE! Here ➡️ bnc.lt/erAl/NV...
Merch!!! teespring.com/...
I create educational trucking videos for the new truck driver so consider subscribing!! 👇🏻
🛑 Dont forget to subscribe - www.youtube.com...
✅ My favorite video I’ve done - • Trucking Song: The Lon...
✅My favorite Story From the Road - • I Told the COP “Take m...
✅ FULL FLATBED EQUIPMENT EVERYTHING I USE!!!! List with cheap links in it’s description- • Flatbed equipment list...
☕️☕️☕️ Buy me a cup of coffee if you like - ko-fi.com/driv...
Equipment used in the video
Camera - amzn.to/2KsoWNG
Rode Mic- amzn.to/2PR7ybj
Lens - amzn.to/2KoIhPG
Joby Gorillapod - amzn.to/2QY6wXn
My Rolling Camera
GoPro Hero 7 Black - amzn.to/2DV37WA
Music From Epidemic Sound
www.epidemicso...
TubeBuddy- A secret weapon for creators
www.tubebuddy....
Disclosure- Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.
#trucking #Owneroperator #truthexposed
Here’s my first four loads at Landstar INCLUDING revenue! ua-cam.com/video/T2kQPtx2tTQ/v-deo.html
When a load gets pushed back, you probably bought the fuel for that load, yes in the end it works out. But you put that fuel money out.
I've told some drivers that think its all roses... when everything is good, sure its pretty good. But when does everything in trucking go perfect....(ill pause for your laughter)
When you're off for repairs, weather, or whatever, those payments aren't paused. Truck payment, trailer payment, insurance, vacation (yah, what's that)... your revenue stops.
Keep up with truths!!!
What till you do a load for landstar and months later they take money back for the load you already did watch your invoices they do sneaky stuff. Use to work for them in the 90's then I went independent since.
Just started o/o sept of 2021, my truck engine just blew. I was 25k down a hole, yeah I was making money but u really need to put away for maintenance and everything else. I’ve been down 1 month and bills piling up.
20yr drive 10yr o/o suck it up buttercup
@@axist1235 if you didn't set aside money for maintenance, that's your own stupidity. At a minimum you should be setting aside 20 cents per mile when you first start off and you never stop saving it up even if you get to 30k in a savings account. Maybe once you get to 30k in an account you can drop down to 10 cents per mile but that can be dangerous.
I have had a ton of setbacks since ‘03. Expensive ones too! I never count what I could have made, however, when I know it’s gonna be a few days or more to get going, I jump in someone else’s truck and work. Then what you make you keep. Network with the masses, there’s a seat somewhere to fill for a few days. Head up and roll on!!
WISE WORDS MY FRIEND!!!
Facts the learning curve is real, but I'm still here.
Hang in there bro. Your blessed your healthy and young your very wealthy already God Bless You!
@@guyazbell7437 thank you
You're telling my story. I feel bad hearing it, but on the other hand, it's kind of comforting knowing I'm not the only one.
SPOT ON! Same for me. Through HELL and back a FEW TIMES. Still HERE. Thank GOD and my FAMILY for their support. Best wishes my friend. Be safe.
As a company driver you are just one slice of a pie to a business’ expenses. Once you buy a truck and go O/O you inherit the whole pie of a carrier basically. And those other expenses in that pie get a lot larger because you don’t have hourly employees at $30 a hour to maintain your equipment, you’re paying $80-100+ shop rates. You aren’t getting 25% discounts on tires because you don’t order 100 a month. You aren’t getting group insurance discount rates because you’re just one truck. You aren’t getting whole sale prices on trucks with little to no interest in financing because you order 100 units at a time.
So if you think becoming an O/O is a huge pay raise while not taking on the responsibility of maintaining your own equipment, doing your own accounting and taxes, etc. you are starving your income and setting yourself up for failure when those other duties still need to be paid for. Those other slices of the pie get larger not smaller.
It’s not rocket science. It’s just common sense in business operations. This is why ALL businesses have such a high failure rate, and this is why the ones that dude succeed the owners worked hard and didn’t care about that new house or new RV when they seen all that extra money coming in.
I started out as a lease purchase with the mega carrier I got my CDL with. I paid $650 a WEEK for my truck. I still paid myself the same rate I got as a company driver. I took the same amount of hometime I did as a company driver. I did my own accounting, my own PMs, and I was keeping more money from my settlements in my business checking than I was paying myself. I got me a used truck for $800 a month and that saved me an additional $1,800 a month from my company lease. I still paid myself the same rate until that truck was paid for. I’ve never once struggled out here. Never once worried about breakdowns and not being able to afford them. And I’m a lease on with a mega carrier making $1.27 a mile plus fuel surcharge. So for the guys out here making $2+ a mile and talking about how much of a struggle it is, for me personally it’s a reflection of their own choices and it’s not the industry’s fault.
You got guys out here seeing all of this money they can make and they go out and buy fancy trucks and materialistic things instead of paying off their fines for being a drug trafficker, it’s only going to be karma waiting on the other end of that stick when things slow up.
I had to screenshot this man. Surprised your comment didn’t get more likes. Here’s my question for you and I’m aware you’re an O/O but you still know the business.
I’m 23, no kids, no big bills. Just looking for the best route to take at my age. I start with prime next month I plan on driving with them a year to finish my contract, gain experience and learn the business, get my cdl and save all my money for that year. I just don’t know what route to go after that. The more O/O videos I watch, the more I realize I don’t want to do it. Nothing wrong with being an O/O I just don’t think it fits my personality. I want to end up staying local making 100k + a year driving for company with all my benefits. Any words of wisdom you can give to me given everything i just told u ? Also, What should I be hauling to make the most money? Any advice is appreciated
Thank you for that
It's a business. Some guys make a good living with a hotdog stand and some guys go broke with an oil well. As for me, I wish I had done this o/o thing 30 years ago. Started during the tough times (2008). Made thru that and I'll never work for anyone else again. I'm the best boss I ever had. Best money I ever made.
Paying off their fines for being a drug trafficker?
@@cm2274you already know what his red neck racist jealous ass meant ….let them tell on themselves(they always do in sone way)knew he was full of shit when I read that comment.
To survive as an O/O, you drive 52 weeks a year and take a “vacation” when your truck is in the shop. Take a “day off” when your load isn’t ready till tomorrow. You work your ass off.
Couldn’t be further from the truth
@@sgrafton4824 New guys with a big truck payment need to hear that. What would you tell them?
@@1littlefish if you’re a new guy with a big truck payment, you didn’t do your homework. Get rid of the big new truck and buy a truck that you can afford. Look up Dave Ramsey and Kevin Rutherford . I’m not perfect, but I’ve been doing this for 25 years, always try to learn.
Buy a truck you can afford is the real deal....I bought a 2015 international prostar with a Cummins....21k last February...get your own authority and make sure you are working on the truck more than a shop...all about business minded and do all small stuff yourself...oil changes, grease fittings, suspension..etc
I work 4 days a week and after expenses make $2,000. Everyone’s situation is different. Assuming everyone has to work their ass off is ignorant.
Any honest o/o or prior o/o will tell you this video in spot on. Thanks for keeping it honest Brian. I been there, done it. I don’t miss nothing about it except the freedom of choices. I now team drive for an LTL carrier making well over 100k and work 4.5 days a week. Life is good and stress free!
I seriously needed to hear that. Thanks!
how do I team drive for an LTL carrier ?
Mr.LordFarquaad find a carrier you’re interested in. Some will hire you on and pair you with someone. It’s best you find a partner and both apply.
What is team driving?
@@kelvinhicks1082 , Two drivers in one truck transporting freight
Like one trucker told me, I don’t make a lot of money, I just handle a lot of money. Makes sense
Lol, true enough
Well said!
Most truckers I k is make lots of money, but lack financial education hence their bottom line suffers. When I see truckers buying a 60k truck 4 years old having to pay 1800 a month in truck payments, and then another 1200 a month in repairs and maintenance. Just buy a new one for 2800$ a month with no repairs costs. Abs you’ll get 8 mpg instead of 6.0-6.5
The difference pays for itself after a couple of loads
@@dinocosta4421 fuel mileage is huge savings
@@dinocosta4421 older trucks are more dependable the 379s with 3406b sure you get less mileage but its not in the shop for warranty work with the crappy emissions system you could be down for a few days waiting for warranty work and waiting for parts a rebuilt 379 will be on the road not in the shop and if you need a repair its usually minor and can be fixed the same day a rebuilt 379 3406e will give you 20 years of service at much less than half the cost of a new poor quality truck so burning more fuel with your 379 is still much cheaper than a new truck plus you will be on the road in style and not in the shop
I thank you for posting this to let those who are thinking about being an owner-operator know the risks. Being an owner-operator is being a business owner. There are risks to owning a company. And, the money a company brings in is not the money the owner is making. Too many owner operators brag about how much the company brings in but fails to say how much they (the owner) is putting into their pockets and keeping (profit).
So true, so so true.
And owner/op to me is like a TimeShare, it just don’t make no sense! 🤦🏽♀️
@@olgaharris1103 What doesnt make sense about it?
This dude always got a horror story about being an owner op, you like the guy at work that’s always complaining but has been there 25 years!😏
Nobody out here driving trucks away from their family and not making money it’s called a maintenance account and building your credit before u go into business. Don’t spend it just because u got it, save for that rain
@@chaco131 smartest guy in the room
Your Lifestyle and Spending Habits will Predict if you can Survive as a Owner Operator.
Cannot pay yourself until you have 20k to 50k. The more Money you have backing you the More you will Survive as an Owner Operator 💯
💯
For real man. I dont get dudes who dont keep a fat bankroll for shit like this. Or spend so much they cant invest and make extra with their savings. Some people got real responsibility but some of these dudes blow their cash on dumb shit and end up ruined.
@@fudgepuppy9683
Big Facts
Yeap definitely you always gonna have 20k laying around for it...
Facts!!!!
The secret to survival: Progresso Soup and water diet.
Live a little... toss some ramen in there.
@@OKOKOKOKOKOKOK-zn2fynot live a little 😂
Everything your saying in this video is true because I used to think the same about making $6,000 a week. My truck was giving me lots of issues to the point that I became a slave to my truck and had to get rid of it. The truck comes first no matter what and that interfered with my relationship at home financially🤦🏻♂️!
It's good seeing videos like this and I appreciate the honesty because too many people are ashamed of showing to downsides of what they do. Keep it up and best of luck to you and your business
I don't understand why guys fluff up their numbers so much. My mind instantly goes to 25% of their number is their actual net pay check. Make 6k your take home net is 1.5k deposited into your personal account take out a few bonuses if things go well...
How do you not go bat shit crazy working 6 days a week? I stay local, to avoid the cabin fever. You guys out on the road for long periods of time are amazing or a little crazy.
I know the feeling bro. I had 3 break downs in 2 trips. All together about 5k in repairs Annnnd someone hit my truck and ran away I was down a week for body work
Sheesh
It's the first time I've caught one of your videos as soon as you dropped it. Looking forward to some good information. Keep safe out there brother
I wish Brian was still trucking. Hands down my favorite channel.
Owning and operating a Trucking bussiness of even one truck, takes a completly different mindset than being an employee who drives a truck. The majority of O/O's don't and or don't ever aquire the mindset required. There's a significant difference between being an employee than a bussiness person.
Owning a Brick and Morter bussines has expenses and so does Trucking. The basic difference is, owning a Brick and Morter bussiness vs Trucking is, one gets to stay home and the other doesn't. Truck requires the wheels to be turning to make money and wanting to go home or stay home for any length of time means the wheels are not turning. Owning and operating a trucking bussiness and or just being an employee who drives one. Is a life style one has opted for vs the stay at home brick and morter owner or one who is employed at one.
You are 100% Correct thats why you need a plan for me driving a truck means save all the money invest it and get the fuck out as soon as i can if you dont do that you will end up spending your life behind the wheel and there is nothing more important than TIME and HEALTH
You can go months or years without major issues then blow an engine,transmission,or diffs within a few weeks and be in the hole just like that,ask me how I know.......
I’m just now getting into trucking and all the people I talk to about being a owner operator tells me I better be ready for it cause you got to have atleast 50 grand set aside for Maintenance just cause anything can happen at any giving time but I’m going to go work for a company for a year or so and learn more about the business and when it’s my time I’ll take my shot but I rather be paid by the loads than miles but it’s a pro and a con in it all…
Wow!! that just happen to me and I only been in this business for 6 month. I lost 10,000 in one week. I’m staying in the trucking business now! Thanks SLOWJOY TRUCKING
I'm a new driver & I feel like I'm at the mercy of my dispatcher, I can't stand it. I sit for way to long, the past couple weeks after coming off my reset I've sat the whole day on duty waiting for a load that never came. N they just don't give a shit. It's beyond frustrating, this is 1 of the many reasons why I will become an o/o. At least if I do wind up failing its all on me, which I won't. BUT I can't stand having my success or failure in the hands of someone else
Really appreciate your videos. Been driving for over 10 years and I’ve just now decided to wanna take a crack at it alone. You don’t sugar coat anything and I find your information to be really helpful. Be safe out there and keep the videos coming.
I agree with alot of what you were saying. However your mathematical calculations are a bit skewed. You were merging potential and actual figures. If you miss a load that doesn't actually constitute an actual loss. You never had it to lose it. That would be considered a loss to potential income not a loss to actual income. A general rule of thumb and a good starting point for O/O is 30/40/30. You may need to tweak these percentages a bit considering different variables. But 30% of revenue to driver/ 40% of revenue to the truck and operating costs/ and 30% of revenue back into the business for taxes and other business expenses.
One thing about O/Ors is that you’ll be hard pressed to find a lazy one. You guys truly understand the real essence of good work ethic.
All do respect brother but if you're netting 2k a week .. something is really wrong.. 3k is the average in dry van.. might as well become a driver and make 1800 week..
if you gonna make it as an owner and operator you need to be a mechanic of trucks. because if you cant fix it yourself like changing turbo's, (i have done that) and doing brakes etc. you are NEVER gonna make real money because going to a shop takes time, it cost a fortune etc. thats why big copanies have own repair shops because..its always cheaper to do it yourself. same with your car. if you cant do 99% of repair work its gonna cost you alot of money. and remember buy bulk! might seem crazy to buy 500 liters of coolant and 500 liter drum of engine oil, but trust me over like 3-4 years buying small containers will already have cost more than it does to buy that drum even if you throw half the coolant away because of age.
@@kristianxoto and stay away from new engines ... boss man just spent 15k on a cam and two new filters for def.. truck only has 380k miles.. you cant even replace a Turbo on the new paccar engines without the right software.. 10k to replace at the peterbilt.. on a old Detroit $600 for turbo and install yourself..
@F*** You I'm an Egg guess your netting 5k a week pulling dry.. good for you super trucker👏👏👏
@@kristianxoto Good point!
That's what I was thinking aswell
Truck driver here broke a leaf spring down for a week just waiting on the parts. With towing parts and labor 5000 dollars not to mention three weeks without a paycheck
Man I love the reality check for all of us. Thanks for the open heart info. Pumped to be prepared
Alot of owner operators also tell me alot of people don't save money they see big amounts they spend
Very true
This video should be required for all
lease , lease purchase , Operater ( wanna be ) ... BEFORE They can sign on the doted line ( it would save
Em more than money ) !!!!
Am I the only one who’s happy and content with being a regional truck driver for a major trucking company and making my measly little 50-60k a year and not having to worry about repair cost and insurance and things like that? I get home every single weekend also. Idk why but just about everyone I come across always talks about going owner op or tries to push me in the direction of owner op and are completely baffled when I tell them I’m just fine and dandy staying a company driver... I can’t be the only one can I?!
right on brotha👍🏿
im comfortable in the lane im in just like in my company truck lol
@@g.i.joetrucker exactly 🤘🏻
I'm with you!!!
Great comment for anyone on the fence. Also insightful for newer Drivers who think they have to do 3 weeks out/3 days off to make a nice living.
I’m with you bro . I like my home daily fuel hauling job lol . I’d only consider going owner op if I am able to get my dream truck but other than that I go to work do my job come home and enjoy my weekends off not worrying about having to do maintenance on my days off
Definitely I like your channel. I like when you tell the true, even if it's not so pleasant. I mistrust those trucker youtubers who brag about their income and their custom rigs while driving around in socks. They just show the man in the top of the mountain, but the important part, is how to get there, and it always takes tons of effort and tears. You're honest, thanks for your videos and keep on the fight!
Hey bro, you hit it dead on. People just hear the big money figure ( gross number)they don’t realize maintenance and fuel cost and other bills they have.
That's basic entrepreneurship. How to plan and prepare for events that will impede your success. Expecting the worst but getting a good day makes you more thankful
I can’t understand it when I see guys sitting this low when driving the truck, especially with the tall shifter! I raise the seat way up so I’m sitting up high and I can see everything!
In my humble opinion (I am not a trucker nor ever have been behind the wheel of a truck) the root of the problem is the vision people have about it. When you think about being an owner operator you have to see it as a company, not as an employee who will get a payment each month or each two weeks. When you have a company, whether it is a big company or a store, obviously not everything you sell goes to your wallet. A company can sell u$d 1.000.000 in a month but in order to achieve that you have to buy the the manufacturing goods, calculate the manufacturing process costs, salaries of employess, etc; and from your revenues separate a percentage for future contigencies or unexpected breakdowns or losses in a month or term; a reservoir for a list events you all already know. The amount of sales a company makes deoesn't mean that goes to the owners bank account, same as the ammount of sales a coffee shop makes for selling coffee and food doesn't go to its owners bank account.
If someones doesn't visualize being O/O as having your own company, your own business, instead of thinking of a fixed amount of money in a paycheck monthly, then that person has a very big problem from the very begining, and reality can hit really hard.
P.S. Sorry for the possible incorrect accounting terms (or wrong exact translation that may end up in spanglish lol)
I actually was told by an owner operator don't do it stay a company driver. If possible stay dedicated. Or go local
Good advice.
I doubt that owner operator wants you to become his competitor, why would he tell you otherwise ?
@@MUP-kn4np I don't want him to tell me I'm saying it's not worth the stress and aggravation...... I will keep my dedicated route with me becoming a mentor instead make just as much
@@mikebastoni4490 I like that plan 💪 best of luck to you !
Thank you for speaking the truth! It doesn’t discourage me from moving forward though
@Driven Trucking - This Video couldn’t come a more appropriate time...My Engine Locked down Friday, a week ago. I’m praying I can be back to work in a month....Running the whole numbers, it’s gonna cost around $38k with an after market warranty paying $26k. You are spot on. God Bless and I wish you a more profitable journey!
Just install 2 fuel pump. If one is failing, turn off the one is defective and turn on the new one. It pay itself on the long run. :0)
We need to talk!!!!
I'm an old o/o from years past, I've live the stories you tell. Like the time my 12.7 sucked two injectors at once THAT WAS A BAD DAY!!!
You have what it takes to be successful only you don't need a parent (Landstar) you need good customers & your own authority. IMO
I was o/o and i lost my home,family , time and at the end -truck. Never again
So I'm making more as a company driver owner op is definitely not worth it thanks for the info
I was gonna ask why in the hell his WEEKLY bills so high and then i found out in the comments that the truck note itself is killer. Damn…keep trucking tho
Been taking those kind of hits for years on a lease and then in my own truck. Very good advice for anyone looking to get into the business.
To each his own, but personally I would never be an O/O. The reward is not worth the risk. Everyone loves to show all their 'massive revenues' but they never show the expenses. It's in a company's best interest to keep me and the truck running, and I can just get out and leave any time I want with absolutely no loss. I make just as much as almost every O/O I've ever met, yet have absolutely zero risk. Sure, I had to work my way up through the flatbed game before getting on with a legit specialized carrier...but it was worth it.
I’ve watched a few dozen videos and researched O/O over the road trucking business. I’m glad I watched yours last and you said it like it is. I’m retired and thinking of buying a new rig and trailer outright after getting some experience working for a company. Any advice if getting into a new unit makes it easier avoiding downtime and your thoughts would be appreciated.
Only if I new this when I became a owner, I learned this the hard way. I was not financially smart working paycheck to paycheck making "20k-25k" gross monthly, trying to juggle everything and truck breaking so often in few weeks. Eventually I left my truck and trailer at the yard and became a driver for a small good company trying to save and get back on my feet to run trucking business smart.
Can I get the number to that mechanic in Georgia, you so highly recommend
THANK YOU FOR THE NUGGETS OF TRUTHS!
That’s trucking is right. I just put a new Onebox in my Cascadia to the tune of $10k. And I got off cheap compared to what I’ve heard others have paid. I also had an air leak behind the firewall, a blown air bag, and the truck needed new U joints. Another $2,500. Thankfully we just sold our house and I received money from the Covid PPP program. But it hurts no matter what. And it’s all the unforeseen things that can do you in. Which is why it’s so important to have a contingency plan and a mechanic (or two) that you can count on for when the SHTF. Because it will.
I give your credit , you are being truthful . By giving down time and repair cost
I just like the fact you have far more power and control on home time and time off.
$25,300 for a motor rebuild, down 33 days cause complications popped up. Yeah I grossed $305,000 that year but I only netted $72,000, would have been better off a company driver.
Man Rob now thats honest! Much appreciated
What about the equity you built up in your truck? What about more freedom than being a forced dispatch driver? There's pros and cons. Right?
@@donnyjohnson2229 there are Pro's and Con's to anything we do, but are you really listening to what he's saying? he's not saying don't become an owner op. he's actually telling us we can do what we want to in this trucking game! this video is just giving out some free game that's all im saying.
@@donnyjohnson2229 Not saying don’t do it just that money wise I would have made more as a company driver hauling the same loads that year. Yes I’ve absolutely built up equity 2 tractors and a trailer now nothing fancy but they’re paid for, overall Ive come out ahead but you have to prepare for the engine rebuilds that go wrong. Thankfully I had made $305k gross that year cause $25,300 is a huge pill to swallow after being parked for a month!
I hear some O/O say this and wonder so why are you all still in it. Whats goals are you trying to achieve then 🤔?. If that's the money your making then you should go back to company and deal with working off dispatch and so on. Very small price to pay if you ask me. You can basically take any time off so it's not like your not on your own as a company as well. So explain to me what is your goal then?
I make about $3,000 a week company driver....thought about becoming an owner-operator until I heard this video I basically make almost the same they do after all the expenses
WOW! It sounds like a monthly float of 24k. Plus you probably need a 20k reserve for mechanicals.
Your educating me thanks.
I salute y'all o/o I couldn't do it
Get your own authority, do what you want.
I don't know what you're using to record, but if it's your phone, or it's a gopro that streams to your phone, you should be able to use your headset for an input. Those headsets are good at noise cancelling, and voice isolation. You're understandable, but I think it'd bump your production quality quite a bit.
20-year owner operator hauling logs in northern Maine know exactly where you're coming from takes every cent you got
Hey man just found your channel and subscribed , I’m in the process of becoming an owner-operator and hope to be up and running by mid summer . Love your content and the many pointers , stay safe on the road and hope to see you out there soon 🤙🏻
Getting and staying prepared and having a bank roll saved of $20K+ is key to success in the chances of things like those in anticipation when one own their own business to be kept running.
Sorry if I didn’t notice but, besides the aforementioned above: what were your ultimate solutions or tips to prevent solving or resolving these problems?
If it wasn’t for the carrier I was leased onto. My first year as an OO would have been dead in the water after only 8mo.
All right great video but that's the way Trucking is I've got four million miles over 35 years doing the same boat as an owner operator with my own authority as an owner operator released and also a company driver and that's what Trucking is all about. Sometimes you make you make a lot of money one week and lose a lot of money the next week. But now that you have a UA-cam channel you should make up for those days you to lose that money. This is the "cropduster" just spreading the word
What cost 4k per week?
Really!!!! 👍
If you run nonstop you can spend $2500 just in fuel.
@@bbayles9052 no max $1700 I used to run 4500 miles a week
I own 6 trucks, drivers in each of them. If you have 4000 a week in expenses for one truck you are doing things wrong. HORRIBLY wrong
Sounds better than getting up early to go work for someone else's company!🤷🏾♂️
Just seems to me that being an owner operator is not worth it anymore because the fuel costs go up if you take a day off it cost you money and if you break down it's not like you can have the loves or the pilot or even the TA service take care of you they may tell you to call the factory to me it's a lot of headaches and most owner operators I believe are on the road more than the actual company drivers I could be wrong but for those who do it stay safe
What i rarely see ,is o/o's dont talk about how much hralth insurance cost , most out here i ask ,they tell me ,they dont have health ins, cus its so much $ , but they do brag about making tons of $$🤦 .......
I would run like hell from Landstar, get to a smaller family oriented company, and after a breakdown like that, first thing you don't need to do is go to the house.
Pulling for landstar is also a -25%/-30% off the top. That money landstar makes for babysitting is enough to pay another person's salary.
You never see anything like this on youtube.... only money money money!! Excellent video!
Life in the hammer lane! Godspeed my brother.
Thanks for this video
Appreciate the feedback!
in other words if you clear $2000 at the end of the week, put a $1000 of that in the savings because you are going to need it.
Sounds like life, lol. Seems like every time I plan something goes south. All you can do is push on and "Plan" the best you can.
I owner op for xpo hauling containers I can gross 3.5k to 4K in 6 days and I’m home every night. I net after fuel and insurance around 2400-2700
Xpo gives O/O contracts......??
His math is way off. He said if he makes $6k, he actually makes $2k, but if he doesn’t work that week, it will cost him $6k. How does not driving the truck cost you $6k, when driving the truck cost you $4k, and that included fuel?
If you take a week off, you may still have a truck payment and insurance, but that isn’t $6. Closer to $1,500 if you don’t work. SMH
Thank you brother for the much needed detailed info on this topic.
I'm an owner-operator. Yes a lot of what he's saying is true but don't get it twisted, there's a lot more money coming in than going out. It's about 40 60 ratio for me. If a load pays 1,000 I'm keeping $400 for myself. If I'm averaging 6 -8K a week I'm pretty much taking home 2,000 a week not necessarily the whole $2,400-$3,200 that I could be taking. Owner operators should pay themselves 25 percent of what the truck generate each week.
What he’s saying is, is that some times its out of your control. How long have you been an owner operator? Its all about luck when its said and done. He had bad luck. You can be sitting on $100,000 in the bank and zero debt. If that engine of yours blow. Your gonna need $40,000 to fix it. Or even a rollover accident. You may still have a truck payment of $2500/month and other personal bills. While waiting for your truck to get fixed you run into supply chain issues where it may take a whole year for 1 small hard to find part to get shipped. Either scenario you can watch your savings go away after years worth of savings, and planning for a rainy day. Aka an emergency fund. Stuff happens in this business that you have no control of. Don’t over analyze this mans situation because it can become yours by tomorrow.
Thanks for the info! Super helpful! I was going to ask for more detail but I see that you have more videos on the subject 🙂
Great video! I live in Ga. I would like to met you one day. We both can learn from each other. Love your videos. Blessings to you and your family. Let me know.
Right on the nail brother. That's the truth nothing else. Nice going.
Damn dude, hats of to you man for being so honest. I really appreciate that. God bless man and stay safe out there.
As an owner operator for many years you speak the truth! If you don’t mind me asking, how many miles was on the fuel pump before it went out? Maybe I should replace mine soon before mine goes out.
Appreciate the honesty, I’ve watched a few of your vids now that have popped up in my feed, I just started and I’m seven months in now as a company driver, I want my own truck more and more.
I was in the automotive industry for 44 years, it basically broke me financially, I feel like I can make it in this industry but a lot of things would have to go my way, being a realist, that just never happens, I’m just torn between, should I stay and retire in another 7-10 years or go for it on my own?
There is a change of operations coming where I am now, if my terminal is closed then that’s going to force a decision to drive in the northeast or go for it on my own, I’m just waiting for the shoe to drop 😂
Seriously though, thank you again for the realistic thoughts, it means a ton, even though this is a year old vid, it applies to me.
I've been down for two weeks with repairs...
Im a teamster in NYC. Really good paying job , great benefits and tremendous back end ( retirement- pension- medical benefits) and i have contemplated becoming a owner operator. As far as I know, unless im gonna run 3 or more trucks i would be losing money. Sad that trucking is being done so cheap its basically become a job or even worse not worth it.
Like your honesty , I owner operator, work like hell make good money then bam, spend money on truck or trailer, then it’s rinse & repeat, always something, wife gets mad at me cause come home & ain’t off, gotta work on truck, always something
Ya man, I drive a company truck (2018 Volvo with 350k miles) and something comes up almost every month that needs to get fixed or requires maintenance. I dont know how these o/o's with 5+ year old trucks with over a million miles do it.
I got a question.
Why didn't you rent a truck when your truck was in the shop?
I just bought 2 dump trucks, a little under 26k GVWR, Im trying to figure out the best way to make money with them locally or regionally. Any advice would be appreciated 🙏.
I've restored plenty of vehicles/ motorcycles and have made decent profit from flipping them but I don't think that's my best play with the trucks, I'd rather run them.
Bless your family & Happy Trails 🚛🚛🚛
Feel like you should have replaced the fuel pump head locally.
It seems like trucking is an uphill battle that is full of setbacks and obstacles. Why would anyone want to do this for a living
Thank you for keeping it real
If being a o/o is so much hell why I don't see alot of drivers making videos saying I'm going back company
Probably ego
Definitely ego but when people leave being an owner they do a career change with less stress and headache.
Pride
Thank You for this!
A&A Trucking here .
Passed you a couple days ago in Missouri ...
( Black & Red 1999 International ) pulling a Tarp load . I was down 6 hours getting loaded Screwed my Full week of Pre Planned loads , ended up losing a load and have to dead head from Knoxville to Ghent Ky now.. SMH like any of Us can afford to sit 6 hours for a load .. The snowball effect from that Killed my whole week . Sometimes I just wanna pack it up. Anyway Good ta See ya out here on the Big Road .