Greetings,
We are John and Jane Wannabee, new to the Open Forum and excited about expediting! We are married, our kids are grown and out of the house. We have no debt except for a car loan and just four years of house payments to pay off the mortgage. There was a buyout at John's company and he hates the changes being made there. He wants out now. Jane is a substitute school teacher who can leave her job anytime.
This expediting deal looks pretty good but we want to do our research before taking the leap. We love the idea of seeing the country and taking time off when we wish. We have read blogs written by teams. Wow! What great lives they have! Look at all the fun things they get to do! Yes, we also read about their problems but the problems don't seem to get these teams down. They have been expediting for a long time and are still happy with it and happy together.
So, anyway, back to the research. From EO we know that a good team can gross $200,000 a year. We have no trucking experience but see that some of the teams we read about did not have exeprience either when they started. If they can do it, we can do it, we think.
So, $200,000 a year times 10 years is $2 million. From what we can gather, a team spends about $50,000 a year on fuel, or $500,000 over ten years. A new truck will cost about $250,000 to buy. Is that about right?
So:
$2,000,000 gross
- $500,000 fuel
- $250,000 truck purchase
____________________
$1,250,000 profit over 10 years or $125,000 a year.
No wonder these teams are happy.
Now, we realize some of that goes for taxes and some for tires and repairs and such but $125,000 a year is still a pretty healthy starting place.
What else needs to be considered about the numbers of expediting before we jump in?
We're fine with hard work and our relationship. We have read all about the work ethic and relationship stresses. We've been through a lot, so without going into detail, let's just say we have what it takes to live and work with each other in a truck on the road.
We have also read the advice to drive a fleet-owner's truck first to learn the business. We'd be OK doing that, so lets say the first year is for practice and our ten-year plan begins the following year when we buy our new truck.
If we start with $125,000 a year after truck purchase and fuel costs are paid, how much of that can we realistically expect to put in our pockets each year?
$125,000 is a lot of money. Surely the operating expenses are not that high. Where does the money go and how much can we expect to keep?
We are John and Jane Wannabee, new to the Open Forum and excited about expediting! We are married, our kids are grown and out of the house. We have no debt except for a car loan and just four years of house payments to pay off the mortgage. There was a buyout at John's company and he hates the changes being made there. He wants out now. Jane is a substitute school teacher who can leave her job anytime.
This expediting deal looks pretty good but we want to do our research before taking the leap. We love the idea of seeing the country and taking time off when we wish. We have read blogs written by teams. Wow! What great lives they have! Look at all the fun things they get to do! Yes, we also read about their problems but the problems don't seem to get these teams down. They have been expediting for a long time and are still happy with it and happy together.
So, anyway, back to the research. From EO we know that a good team can gross $200,000 a year. We have no trucking experience but see that some of the teams we read about did not have exeprience either when they started. If they can do it, we can do it, we think.
So, $200,000 a year times 10 years is $2 million. From what we can gather, a team spends about $50,000 a year on fuel, or $500,000 over ten years. A new truck will cost about $250,000 to buy. Is that about right?
So:
$2,000,000 gross
- $500,000 fuel
- $250,000 truck purchase
____________________
$1,250,000 profit over 10 years or $125,000 a year.
No wonder these teams are happy.
Now, we realize some of that goes for taxes and some for tires and repairs and such but $125,000 a year is still a pretty healthy starting place.
What else needs to be considered about the numbers of expediting before we jump in?
We're fine with hard work and our relationship. We have read all about the work ethic and relationship stresses. We've been through a lot, so without going into detail, let's just say we have what it takes to live and work with each other in a truck on the road.
We have also read the advice to drive a fleet-owner's truck first to learn the business. We'd be OK doing that, so lets say the first year is for practice and our ten-year plan begins the following year when we buy our new truck.
If we start with $125,000 a year after truck purchase and fuel costs are paid, how much of that can we realistically expect to put in our pockets each year?
$125,000 is a lot of money. Surely the operating expenses are not that high. Where does the money go and how much can we expect to keep?
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