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re: Truckers, "Million Dollar Challenge"

Posted on 11/25/24 at 1:50 pm to
Posted by BET
Member since Jul 2024
1390 posts
Posted on 11/25/24 at 1:50 pm to
quote:

this is an ask me anything

1) are lot lizards still a thing?
2) how many times have you gone down that road
1. ive seen enough to fill up one hand. So no.
2. Never


Odd tho, I've noticed massage parlors set up right next to big truck stops in "certsin" states. I looked up there reviews. They saying massages are costing 200-400. you know you getting arse for that amount.
Posted by jpainter6174
Boss city
Member since Feb 2014
6704 posts
Posted on 11/25/24 at 1:52 pm to
quote:

I don't really understand this. Why not put down 100% in this situation?


I believe he means he bought a house valued at 360K for 300K cash.
Posted by BET
Member since Jul 2024
1390 posts
Posted on 11/25/24 at 1:52 pm to
quote:

quote:
He saved 1.35 mil. He bought a 360k house for 300k cash up front


I don't really understand this. Why not put down 100% in this situation?
he did. Maybe I explained it wrong. He got the seller to agree to 300k for the whole purchase. House was up for sale for 360k, book was around 320k I think.
This post was edited on 11/25/24 at 1:54 pm
Posted by Murtown
OT Ballerville
Member since Sep 2014
1784 posts
Posted on 11/25/24 at 1:53 pm to
quote:

65k forever annually


Hope he doesn't plan on having any kids.
Posted by Ostrich
Alexandria, VA
Member since Nov 2011
10316 posts
Posted on 11/25/24 at 1:54 pm to
quote:

I believe he means he bought a house valued at 360K for 300K cash.



Ah, got it.
Posted by BET
Member since Jul 2024
1390 posts
Posted on 11/25/24 at 1:55 pm to
quote:

quote:
65k forever annually


Hope he doesn't plan on having any kids.
he makes that plus his job. He makes over 120k income. I guess kids aren't that expensive if they go to public schools
This post was edited on 11/25/24 at 1:56 pm
Posted by LittleJerrySeinfield
350,000 Post Karma
Member since Aug 2013
11273 posts
Posted on 11/25/24 at 1:58 pm to
quote:

65k forever annually



Hope he doesn't plan on having any kids.


Easily doable without a house payment.
Posted by TomballTiger
Htown
Member since Jan 2007
3970 posts
Posted on 11/25/24 at 1:59 pm to
could someone at say age 52 with no experience get into this kind of gig fairly easily with the right training, situation etc?
Posted by Cornbeef
Ocean Springs
Member since Aug 2009
434 posts
Posted on 11/25/24 at 2:00 pm to
Respect. I couldn’t do it, been in and out of trucking several times and each time I get to a point where I’d rather do anything but another mile, my longest stretch being six years
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
39508 posts
Posted on 11/25/24 at 2:01 pm to
quote:

not his wife:
said every man ever bro
Posted by RedmanChew
Member since Jun 2024
447 posts
Posted on 11/25/24 at 2:02 pm to
Damn he’s basically me. Drove from age 27 to 45, last 12 years lived in a old Winnebago.

With the funds I’ve saved + unexpected inheritance from my grandfather, I’m in the process of (potentially) purchasing a trucking company. Going to some “boot camp” seminars in the spring to get a feel for how it works (one possibility is a FedEx franchise, another is an Amazon territory).

Might become an OT baller yet! We shall see.
Posted by M3RC
Member since Sep 2024
61 posts
Posted on 11/25/24 at 2:15 pm to
What specifically? Would love not to be working when I'm 45, but would have to save and compound something like 2mil over the next 18 years
Posted by BET
Member since Jul 2024
1390 posts
Posted on 11/25/24 at 2:16 pm to
quote:

could someone at say age 52 with no experience get into this kind of gig fairly easily with the right training, situation etc?
yep go to cdl school for 4 weeks, call major carrier, get set up for orientation, go through training program and get you a truck and start hauling loads. That simple. My company will take you right away, bring u in for 4 days of orientation and pay you 800 for 4 days. Then train you for 3 weeks paying you 800 a week. Then you get a truck and start making much more money. Insurance is top notch. 1200 deductible and co pays and meds are cheap of nothing at all. My company will train you for your cdl for free. Live on the terminal, go to school and then go to orientation, training placement then your on your own driving.
This post was edited on 11/25/24 at 2:18 pm
Posted by BET
Member since Jul 2024
1390 posts
Posted on 11/25/24 at 2:19 pm to
That's awesome man! Where are you located?
Posted by RedmanChew
Member since Jun 2024
447 posts
Posted on 11/25/24 at 2:25 pm to
North Louisiana but would relocate to wherever the business is. Looking at options in GA, NC, and VA. If it’s VA then I’m gonna make a point of acting like the biggest redneck on the planet just to scare the beltway Karen’s.
Posted by greenbean
USAF Retired - 31 years
Member since Feb 2019
6349 posts
Posted on 11/25/24 at 2:37 pm to
quote:

FTR, I'm in year 8. Looking at 2.5 more years and I'll be around 1.4m projected. I'll be 38(i started at 27). Not a bad way to beat working for 40 yrs.


You'll still be working, $1.5 mil in the market generates $60k/year before taxes (4% rule).

Nice, but you'll still need to generate income. I'd think about investing most of it into income producing real estate.
This post was edited on 11/25/24 at 2:41 pm
Posted by BET
Member since Jul 2024
1390 posts
Posted on 11/25/24 at 2:40 pm to
I already know how it works. I know what I'll make and I'll shorten my workload to home every night and off every weekend. I'll have my.house paid off and racking in my int and I'll average 1500 a week on top of my investment. I'll be very comfortable. And actually NO, I don't have to work. Ever. I can easily live off 65k a yr without a large house note. Yes I can.

Don't hate on my game.
This post was edited on 11/25/24 at 5:34 pm
Posted by Bamajedi
Member since Sep 2017
445 posts
Posted on 11/25/24 at 2:54 pm to
Hope you don't have to lose 200 pounds, quit smoking, and give up crank to enjoy your nest egg.
Really awesome plan if you start young enough. Hard to do if you want kiddos and actually be around for them.
Congrats on the bank roll, that's amazing
Posted by UncleLester
West of the Mississippi
Member since Aug 2008
9432 posts
Posted on 11/25/24 at 2:56 pm to
quote:

she moved in after 6 weeks together.


Are they both living in his truck now? I guess that works well if she works remotely.
Posted by Jack Daniel
Gold member
Member since Feb 2013
29291 posts
Posted on 11/25/24 at 3:05 pm to
The buddy is no longer driving. He accomplished the challenge, bought a $350k house for $300k cash then got the HR sloot. Keep up man
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