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re: Truckers, "Million Dollar Challenge"

Posted on 11/25/24 at 7:15 pm to
Posted by BET
Member since Jul 2024
1390 posts
Posted on 11/25/24 at 7:15 pm to
Its do able depending where you live. I could live on 30k if I had to, 65k is easy especially if your "other' works too.
This post was edited on 11/25/24 at 7:21 pm
Posted by BET
Member since Jul 2024
1390 posts
Posted on 11/25/24 at 7:17 pm to
quote:

quote:
When you don't pay a 2k house note all your live, you can actually live easily on 65k annual.


Not if you plan to have kids or go on vacations. That hot wife ain't going to live on 65k budget for long...
his hot gf makes 85k.

I also mentioned he works and makes a grand a week working 3 days a week drivng
This post was edited on 11/25/24 at 7:23 pm
Posted by terd ferguson
Darren Wilson Fan Club President
Member since Aug 2007
114938 posts
Posted on 11/25/24 at 7:21 pm to
quote:

Not if you plan to have kids or go on vacations. That hot wife ain't going to live on 65k budget for long...


frick all that. If I had a paid off house and $65k/yr coming in without having to work... kids, wife, gf, God or whoever could get fricked and go find a job if that wasn't good enough for them. I'd never work another day.
Posted by BET
Member since Jul 2024
1390 posts
Posted on 11/25/24 at 7:21 pm to
quote:

frick all that. If I had a paid off house and $65k/yr coming in without having to work... kids, wife, gf, God or whoever could get fricked and go find a job if that wasn't good enough for them. I'd never work another day.
Posted by terd ferguson
Darren Wilson Fan Club President
Member since Aug 2007
114938 posts
Posted on 11/25/24 at 7:25 pm to
Man, i think you're killing it and wish I had put myself in a position like this when I was younger. Sounds like a solid plan to me
Posted by zippyputt
Member since Jul 2005
7057 posts
Posted on 11/25/24 at 8:20 pm to
Where can I sign up for a guaranteed 7% return on my money. I’m in for something like that.
Posted by coastland909
Member since Nov 2024
412 posts
Posted on 11/25/24 at 8:26 pm to
quote:

Where can I sign up for a guaranteed 7% return on my money. I’m in for something like that.


Someone here might know... TD Money Talk
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41000 posts
Posted on 11/25/24 at 8:28 pm to
quote:

Where can I sign up for a guaranteed 7% return on my money. I’m in for something like that.




Far from guaranteed, but SP500 averages about that per year for the past 50 years. And that's including inflation.
This post was edited on 11/25/24 at 8:29 pm
Posted by zippyputt
Member since Jul 2005
7057 posts
Posted on 11/25/24 at 8:28 pm to
I was asking in the context of this discussion since this gent had apparently figured out how to do so.
Posted by Breesus
Unplug
Member since Jan 2010
69549 posts
Posted on 11/25/24 at 8:33 pm to
quote:

frick all that. If I had a paid off house and $65k/yr coming in without having to work... kids, wife, gf, God or whoever could get fricked and go find a job if that wasn't good enough for them. I'd never work another day.




Posts like this are why TD is the best site on the World Wide Web

This post was edited on 11/25/24 at 8:34 pm
Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 11/25/24 at 9:21 pm to
quote:

She is a personel director with a masters degree at a large carrier in Dallas and makes around 85k


That's not impressive. At all.
Can see why she wanted to shack up right away.
This post was edited on 11/25/24 at 9:22 pm
Posted by nugget
Abrego Garcia Fan
Member since Dec 2009
15730 posts
Posted on 11/25/24 at 11:17 pm to
quote:

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


For me it was real estate. I got a good tech sales job out of college. My them girlfriend, now wife lived in a shitty apartment where all in we were at around $600 living expenses per month. I bought 14 properties from 24-27. Last one will be paid off when I’m 42. They’re nice places that have appreciated and bring in ~25k per month and worth a couple million. I can either further leverage them or use the income once paid off, not counting the fact that they bring in pretty good income now.

All my friends were buying homes, cars, having kids, etc and we delayed that gratification.
Posted by BET
Member since Jul 2024
1390 posts
Posted on 11/26/24 at 12:22 am to
quote:

quote:
She is a personel director with a masters degree at a large carrier in Dallas and makes around 85k


That's not impressive. At all.
Can see why she wanted to shack up right away.
haters

Some people are actually genuine bro. Having a career "is impressive". Living your life right is a good thing. Your "hating" on a forum board on a topic of people working hard for an honest buck. Let that sink in for a minute. Being negative to others is how you culminate your life?
This post was edited on 11/26/24 at 12:26 am
Posted by Woolfpack
Member since Jun 2021
1698 posts
Posted on 11/26/24 at 5:39 am to
quote:

The lesson here is to grind to get what you want; whatever that may be.


This. The catch is to make this work you need to start young. There are many directions a 20 year old can take to accomplish these goals without living in truckstops for10 years.

Now what OP has accomplished is truly remarkable and clearly shows dedication and persistence.

For many driving a semi is the best option and most dont have the discipline to do what OP did.

Much respect.
Posted by TomballTiger
Htown
Member since Jan 2007
3970 posts
Posted on 11/26/24 at 5:41 am to
What company?
Posted by mikelbr
Baton Rouge
Member since Apr 2008
49068 posts
Posted on 11/26/24 at 6:43 am to
quote:

Truck drivers doing the million dollar challenge is becoming a thing. Friend of mine did 10.5 years living in his company semi truck working for a major carrier. He started at age 22. He is now 33. He saved 1.35 mil. He bought a 360k house for 300k cash up front. He has now invested the remaining 1.05 million and I think he gets around 7% in his investment set up. It comes out to around 65k forever annually. He no longer drives over the road and drives 3 days a week a 1k per week. Home every night with a smoking hott 26 yr old woman to come home to and off weekends. Sounds like a plan? Yes!


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.


I remember seeing this in a different industry where paper mill old timers would get their son's operator/papermaker jobs at the mill right out of high school.
They'd be on shifts 4 days 4 off, then rotate to nights every month.

They'd live at home for 5-7 years until they saved up 100-200k to buy their own home with cash(rural areas in 2005 could buy a LOT of land with 100k and put a nice home on it with another 100k).

Then by year 10-15 they would be in a position working just days, no more shiftwork/nights.

This idea of "work hard now and coast later" has been around since the 1950s for this industry. And working in a plant/papermill has to be safer than longhaul trucking.
This post was edited on 11/26/24 at 6:44 am
Posted by DemonKA3268
Parts Unknown
Member since Oct 2015
21240 posts
Posted on 11/26/24 at 7:48 am to
quote:

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


Posted by BET
Member since Jul 2024
1390 posts
Posted on 11/26/24 at 7:50 am to
Sounded like a plan. Yeah trucking is very dangerous. You have to be locked in. Your observation skills become insanely acute. Paying attention to intense detail becomes very routine. You cant turn it off when your off either. Everywhere you go when your off, your casing even single place up, down and sideways and over again. Safety is the biggest concern. If you enjoy camping/sorta being on vacation(i know its weird), going different places and can drive, you'll do just fine as a trucker. You have to be confident but patient and passive as a driver in order to keep yourself safe and everyone else on the road safe.
Posted by Screaming Viking
Member since Jul 2013
5707 posts
Posted on 11/26/24 at 7:53 am to
quote:

Friend of mine did 10.5 years living in his company semi truck working for a major carrier.


just imagine the smells from all of the lot lizards that have passed through that cab......to quote Uncle Si,"...that would make a billy goat puke."
Posted by BET
Member since Jul 2024
1390 posts
Posted on 11/26/24 at 8:04 am to
quote:

What company?
you can do this in most any company but all the major carriers will offer instant highering thru orientation set up/training then get your own truck and roll.

You got companies like Werner, Swift, Knight, JB Hunt, Walmart, FedEx, UPS, Amazon etc. There are several companies. Walmart with 36 months experience highers drivers at 105k pretty much the rest will take you right out of cdl school. Most of the companies have several accts to pick from that you can drive and depending on location(where u live)you can pick anything from daily driver/home every weekend/home every other weekend or just drive. You can stay out forever and do your 34 every weekend wherever. Fyi, you have to take 34 hrs off after a 70hr clock of working(usually takes 5.5 days) in order to get a new 70hr clock back. You dont have to work a full 70 but you can't work longer than 70 in a week. 14 hr day-to-day drive 11 hrs.
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