How To Make $60,000 Plus Your First Year As A Truck Driver

How much money do truck drivers make?

That is one of the most asked questions and I have written about it here.

If that is your question and were attracted by the title of this post, I'm glad you are here.

Instead of reinventing the wheel, I'm going to let truck driver Red Viking help to give you the answer with real numbers.

As you listen to him, pay attention to what he says.

Here are a few things you should pay attention to and think about.

1. Before becoming a truck driver, he did his research and knew what to expect. He then had a conversation with his wife about how he was ready to hustle.

He knew it meant he was going to be away from home for a number of days f he was to make good money.

2. Having been in the military and in business for himself, he has a good work ethic. He is not the kind of truck driver who just hopes to make a lot of money doing the least amount of work.

3. He has goals and expectations and, he is constantly watching them to see if he is on track.

4. He communicated with his manager right from the very beginning and made it clear that he was a hard worker. (When a driver manager/trucking company gets such a driver, it's like a dream come true.)

5. When he seeks for advice, he pays attention to more than what people tell him. He knows that things like experience, background, work ethics, etc have a role to play in one's success too.

6. Even though he is a company driver, his mindset isn't that of an employee. He knows that it takes hard work to get to where he wants to be.

Watch

You can watch more videos by Red Viking Trucker on his youtube channel and also support his business at Car Czar Pro.

Becoming an owner operator

There is an interesting trend in the world of business in the last decade. More and more people are choosing to work for themselves instead of being employees. Truck drivers are following this trend too by figuring out how to become owner-operators.

Company truck drivers look at becoming an owner-operator as the next logical step to achieving personal and financial freedom in trucking. They want to be in control of their lives rather than have someone else dictate what they do.

Who is an Owner Operator?

An owner-operator is basically a self-employed individual who owns their own truck. They can choose to work under a trucking company’s authority (it’s like being a subcontractor), or get their own authority and work just like any other trucking company.

Before we talk about the process of becoming an owner-operator, it is good to mention that there are a few tips that apply not only to owner-operators but to businesses in general.

1. Know the industry

To become a successful owner-operator, you must learn all you can about the trucking industry.

Keep in mind that trucking is a broad industry. It’s not just about driving trucks. To become successful, you want to make sure you are in the right area.

Do you want to work under another company’s authority or your own?

What kind of driving do you want to do, local, regional or long distance?

What Kind of freight do you want to haul? Dry, refrigerated, flatbed, expedited, hazmat, oversize, etc?

Figuring out these details before getting your truck is essential to your success.

2. Know Business Basics

The second tip is to pay attention to your business. Being an owner-operator is being a business owner. It is very different from being an employee. You have to shift your mentality from that of an employee to that of a business owner

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The reason some owner-operators are better than others is the fact that they are passionate about what they are doing. They offer better services, have better plans and focus on realistic goals.

Becoming an owner-operator is not difficult, but you have to have a good plan and know what to expect.

Don’t make the mistake many truck drivers make. They think that if they are skilled drivers, they can automatically become successful owner-operators.

Being a company driver comes with certain benefits. You don’t have to worry about accounting, marketing etc. but when you become an owner-operator, things change. You will not just be driving. You will need to take care of the other things related to running a business.

Of course, you can always hire someone to do the business part of your operation but, you must remember that that will be money out of your pocket. Yes, you can hire someone and still be profitable. All I’m saying is that you must think about everything as a business owner.

3. Know Your Financial Situation

Before you commit to becoming an owner-operator, it will be good for you to take your financial situation into consideration. You will need to put your finances in order.

Have a personal budget, get rid of excessive (all would even be better) debt, create an emergency fund, get disability, health and life insurance and be prepared for any financial loss. You must prepare for the worst while planning for success.

4. Personal life

One of the areas that is easy to neglect is your personal life.

Are you married? Do you have children? Are you single? Regardless of the answer, you should plan on how you are going to handle your personal life.

If you have a family, this may mean sitting down together as a family and talking through it. What are the expectations and sacrifices? Being an owner-operator is going to require a lot of sacrifices. What you don’t want is to become an owner operator but lose your family in the process.

Becoming a successful owner-operator requires lots of patience, hard work, and determination. But, proper planning, setting realistic goals and making sound decisions right from the start will highly improve your chances of succeeding.

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Until next time,

Stay Safe.