Trucking Wealthy
-
How I Survived My IFTA Audit
Introduction In a prior blog entry, I provided an in-depth overview of the International Fuel Tax Agreement (IFTA) and introduced the IFTA filing spreadsheet I rely on for compliance. Now, I will provide a look into my IFTA audit experience. This post unveils the challenges encountered, shedding light on the shortcomings of my data collection…
-
Can Trucking Be Your Superpower? How Trucking Improved My Creativity and Work Quality
Introduction In the fast-paced world of the traditional American workplace, finding moments of tranquility and intellectual creativity can be a challenge. However, for those seeking an unconventional yet effective approach, a trucking sabbatical might just be the key to unlocking new levels of creativity and work quality. This blog explores the transformative journey of a…
-
On the Road to Success: The Crucial Elements of Running Your Trucking Business
Introduction For those embarking on the exciting journey of obtaining their own authority (or what I like to call ‘Freedom authority’) in the trucking industry, this blog post serves as a compass, guiding you through the essential skills needed to drive while running your own business from the road. I believe there to be five…
-
When Stopped, Never Stop: A Time Management Technique for Truck Drivers
Introduction In the dynamic world of trucking, where time is as much a commodity as the cargo being hauled, the real challenge lies not merely in the miles covered but in the effective utilization of every ticking minute. In this blog, I describe the pivotal role of time management in steering the course between productivity…
-
The Road Less Expensive: How Early Savings Transform Truck Purchases
I recently did a blog post, Budgeting for New Equipment and Retirement , on saving for new equipment purchases, particularly focusing on the pivotal decision of acquiring a new truck and trailer. In this blog post, I wanted to do a short blog post to emphasize in a visual way the money you can save…
-
Trucking Independently Retire Early (TIRE): Trucking and the New Definition of Retirement
Confused How I Describe This New Trucking Bliss When I first started trucking, I didn’t know how to describe my new state of blissful employment. On the one hand, I was still working, and working at a job with some pretty long hours. On the other hand, after leaving a stressful 9 to 5 job,…
-
Budgeting for New Equipment and Retirement
Freight Recession, Lessons Learned, and a New Budget Introduction In 2021, I embarked on a trucking career during a robust freight boom cycle, witnessing ample gross and net revenues per month. My propensity for saving, coupled with these elevated earnings, instilled a sense of financial security that initially led me to adopt a somewhat lax…
-
Buying a New Commercial Truck: Revenue projection, buying the truck, and tracking my return on investment
Making the decision using a detailed 5-year revenue projection Frequent repairs motivated me to consider buying a new truck I was sitting in my hotel room and my truck was in the shop AGAIN. This was my second trip to the repair shop in three days. I had recently been towed because my truck refused…
-
Trucking Load Board Hacks and Load Selection Strategy
I love the convenience of digital load boards. My schedule is very full when I’m on the road and not having to make additional phone calls means one less thing I have to deal with. Plus, being an introvert it’s just something I don’t really want to deal with. I am going to provide you…
-
A Fruitful New Business Partnership Sparked from a Chance Meeting at DMV
Introduction: Sometimes, the most unexpected places and circumstances can lead to remarkable opportunities. This was precisely the case for me when I found myself in a chance meeting with two individuals at a DMV in Virginia. Little did I know that this encounter would help propel the trajectory of my trucking business and present me…