This post is directed towards van owner operators that were in service during the 2008 US Financial Crisis. I was wondering how bad did things get, and how long did it take to get back on track.
Thanks.
Thanks.
2008 Financial Crisis
- Thread starter BXDIVER
- Start date
I have been in this buisness for about 21 yrs. if i remember correctly when the baking crisis hit, it was like turning off the faucet. Freight stopped immediately and it lasted til the second half of 2009. Nine months of treading water.
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The only baking crisis I remember was one weekend my wife, now ex-wife, refused to make cornbread.
The freight slow down of 2008 ?
I don’t remember. I was too busy Trucking to notice any slowdown.
It was pretty bad. I was only getting one or two short loads a week, if even that. I was able to survive because I was running a very lean opperation. No debt other than the van payment which was $594.41 monthly. I was able to make the money for the van payment in a week, or somerimes two. If I had a mortgage, and car payments, and credit card debt, I would have been out just like many others.
I discovered Dave Ramsey and his 'beans and rice, rice and beans' during those times and I decided to pay the van off early to have that payment off of my back. That is basically what I did. I forget now how long it took to gather together all the money to pay off the van, but I was able to write the $14k and some change check to pay off the van before the slowdown was over.
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I discovered Dave Ramsey and his 'beans and rice, rice and beans' during those times and I decided to pay the van off early to have that payment off of my back. That is basically what I did. I forget now how long it took to gather together all the money to pay off the van, but I was able to write the $14k and some change check to pay off the van before the slowdown was over.
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guido4475
Not a Member
The financial crisis???? isn't that when Obama was in office, destroying this country ????lol
Nope..... it started in Jan '08. Obama hadn't been elected yet. It was Bushs fault.
Nope..... it started in Jan '08. Obama hadn't been elected yet. It was Bushs fault.
And to think, FOX News and every Conservative pundit was pushing for Jeb Bush.
What were they thinking?
And now we know how Treadmill got his screen name! lol
He was trying to rescue you from bush and the policies of your friends who voted for him and now the POS we have in the white house
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