I'm a Broke Truck Driver, What Should I do?

Being a broke truck driver sucks! Is it the truck driver pay? Is it my trucking company? Well, you might be underpaid but the fact is if you're broke, it's most likely you (I've been there too, don't freak out,) BUT this CAN be fixed! Check out the video and Stay Driven!
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I'm a Broke Truck Driver, What Should I do?
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Chapters
0:00 Intro
0:33 Overview & Disclaimer
1:37 Overall Finance Tips
4:38 Save Money as a Truck Driver
6:27 Owner Operators be MORE Profitable
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#trucking #financetips #owneroperator

[@OldWorldNobility]

As a company driver that lives in her truck, I have found that for me, the key is outfitting my truck to live in comfortably. This allows me to keep up the break neck pace, and to enjoy my down time as it comes. Your creature comforts matter! Because even if you don't live in the truck as I do, you spend so much time in your truck, that for all intents and purposes, it IS a home away from home. Quality sleep is vitality important, so a good mattress matters. A refrigerator, microwave, and some sort of means to cook with (I love my instant pot!), saves you SO much money compared to always eating at truck stops. I have a washing machine on my truck, which saves a lot of money too. But, the trade off is hauling water to use it. However, I also use water to cook, make hot drinks, wash dishes. Walmart is DEFINITELY your friend! I have four five gallon water bottles, and refill them at Walmart weekly at the water machine. I always get drinking water even to clean with, so that I'm not having to store separate water. It's only $.40 a gallon. If you want Hulu, Netflix, etc... Make a friend or family member who has it and share costs and accounts. Amazon Prime is cheap, easy and convenient! You can watch movies, order things cheap, etc... Your mental and emotional health matters. Have connections with people, over the phone, online, etc... I play on Second Life, have Discord, social media, etc... Having a teammate, passenger, or pet can make a dramatic difference in your happiness. Make the choice that fits you best.

[@eriktikhonenko1392]

I’m starting otr in a month and I haven’t even thought of this . That you for the advice !

[@timstafford355]

Nice! Me to, minus the Heavy water. I Carry Less.

[@natelorimer8567]

With a small cooler 12v even.. you can hit the one Walmart you get in and out of. Get a fee things to stay cool and a bunch of other things. Only thing I bought last couple weeks is a few coffee on the road. Truck stops will kill you

[@ashleighprettydoll]

Thank you for all of this great advice ❤

[@matthewmassago3599]

Best financial advice I ever got never spend what you haven't earned meaning just cause last week 2200 miles doesn't mean that's the Milage you will always get so always Average down when calculating milage

[@navyy8SD]

Best scenario IMO to be a successful O/O is to have a fully paid for used truck, have at least a 20-25K emergency fund that is easily accessible in place, and do a separate monthly budget for your business and personal finances. This is not hard to do with the budgeting apps that are available today online. Seen to many comments of O/Os using 10-15K credit lines to finance major repairs. Believe this will only lead to big time stress in the long haul. The emergency fund should be totally separate from your family budget emergency fund. It is not a matter of if an emergency repair will happen on the road, but when. Stay safe all.

[@chalky_white]

I'm making a lot of money rn as a company driver, planning the purchase of my 1st truck

[@jamesdoon5080]

It's not the time to make that kind of investment

[@HabituaILineStepper]

What company? I just got my CDL A

[@Thatguyfrombk]

When I first started trucking with a company I was winging it. I quickly learned don’t do that lol. 6 years later I’ve learned how to properly manage my finances and own my truck outright. My only advice is to plan accordingly for how long you’ll be out running and invest in a coffee maker and creamer.

[@DANSHotshotTrucking_Outdoors]

Amazes me the number of people who are broke but have all the subscription services, newest iphone, latest gaming system, order take out or delivery. Best thing I ever did for my finances was get divorced. From there I tracked and still do all my bills and income on a spreadsheet, cut costs, worked all the OT I could and in very short order I was debt free, and $$ in the bank. Like you said, needs vs wants.

[@DrivenTrucking]

congratulations! well done

[@MoosemanR]

If you enjoy driving a truck keep going, if you hate it Quit.

[@LauRoot892]

Romm❤

[@justincase1919]

Gee... what insightful advice... 🙄

[@LauRoot892]

@@justincase1919 Ugh 😑

[@justincase1919]

@@LauRoot892 Gazuntite

[@LauRoot892]

@@justincase1919 Where ya from ??

[@eaglemeagle]

I am o/o I am so broke , I was a rich when I was company or lease owner operator , but I am sure I will be fine soon!

[@michaelgarcia8947]

I am 31 . In my circle of influence (the o/o in my line of work) 4 out of 5 tell me it’s just not worth it anymore . With the state of the economy the cost of fuel alot of drivers tell me the profits are razor thin .

[@RufusTBiscuits]

It’s not what it was, but with serious cost management, it’s still pretty profitable

[@Lone_Wolf_91]

Im lucky as I get to know few Polish O/O and I always say they made good path for me. Speaking very detailed spec for Brand-New Freightliner that does 26l/100km (9+mph), opening company, accountant, future companies. Crazy. About saving my first 2y as a driver I bought fast-food/truck stop food maybe twice, I have a big fridge and Im full and cook for a week and Walmart is usually eazy to access. Also always get brand new truck, almost eazy start for about 3y and 20k is also what my friends recommend bc insurance pays after the fix so if You are unlucky gotta have some spare money. Good video!

[@gavnonadoroge3092]

brand new truck 1-2 year wait list

[@Lone_Wolf_91]

@@gavnonadoroge3092 9-12 months USA I think, over a year in Canada. It is what it is tho

[@LauRoot892]

@@Lone_Wolf_91 Yep

[@RaoulThomas007]

Trucking is a cost accounting challenge. The better you are at controlling and managing costs, the more profitable you’ll be. I would only add, start using a worksheet on your phone or computer to manage your finances. As you create a better worksheet, you’ll create a better business plan. Even if you’ve never used a worksheet before. Maybe a future series on this Channel?

[@LauRoot892]

Thom

[@bouquetchocolatesandconfec77]

Tired of being broke / drive daily / no time to do anything for health or my responsibilities - I love to drive n what I do - I wish I was fairly compensated!!

[@MauiRedMan]

How can you be a broke truck driver? I never have time to spend any money I pay all my bills online and save about $1200 a week in my savings account and still have about $600 a week to spend but only spend about $250 a week

[@gavnonadoroge3092]

Ryan Bagwell, lot lizzards

[@MauiRedMan]

@@gavnonadoroge3092 then that's their fault

[@DrivenTrucking]

People just blow money and I think it starts with our education system, huge lack of financial education but it seems the people running the show like it that way

[@YMAdventures]

Story of my life😂

[@redmustangredmustang]

The thing is you save those points at Pilot or Love's if you fuel up and those all add up. So if you want to get a snack and you got a lot of points then you can use it and instead of using money.

[@nissan2829]

This is true, I lost track of how many times I was too low on funds and had to use my points for food

[@nissan2829]

As far as entertainment goes, KZbin is free

[@Robert-po8jn]

Learn how to break your pay down as a company driver. Too many drivers are getting screwed by their companies and taking the per diem pay rate which is less for you and save the company money. Also O/O not paying their taxes and using a CPA that doesn't do a good job with taxes and the P&L. Don't trust a girlfriend to pay your bills while your gone. As a former mortgage loan officer these are the couple of things I would see drivers doing. As a former company and O/O driver I tried to look out and help drivers get things straightened out as much as I could.

[@LauRoot892]

Rob

[@EddieV19]

When me and my wife go on our truck trips we cook our food in the truck. Saves us thousands of $$$$ on food and snacks, i basically spend only on Coffee that is usually frew

[@elvaqueroverga6980]

I had airbag that was dry rotted, it wouldn’t leak empty but would loaded. Had an extra one and changed it before I left and had no issues on the road

[@vexillethepretzel9086]

Eat out of the truck and shop at Walmart.... I thought about that before. Guess I just needed to hear somebody say it.

[@timstafford355]

Told a paccar engine is Now $65,000 (just for the engine) :'(

[@Wesaveingold]

It is a lot of Diesel money to save on driving a little bit slower instead of speeding to fast.

[@timstafford355]

Thank you! !!

[@richardbryant7961]

Where you at Brian? What did you just stop making videos wel hope your okay bro

[@rogerg0834]

Must jobs you can get away with not having a budget. However, if youre going the self-emplyed route, lease on or own authority, you MUST know exactly how much youre fixed cost are and how much revenue you generate. Otherwise you could go broke.

[@LauRoot892]

Where ya from ?? 😈

[@yasirmohame]

Bring more content related to money

[@vexillethepretzel9086]

$10,000 dollars, $20,000 dollars. Where does everyone get this money from? The most I was ever able to save up was $7,000. And that was a struggle. Everyone I spoke to talk about coming across $10,000, $20,000 or even $30,000 like coming across a leaf on a tree. Like u can just find it laying around anywhere. How do people generate money like this so easily?

[@BTyler808]

Don't eat out, don't drink alcohol, don't smoke. Don't have a ton of debt where you're paying high interest rates. It's simpler than you think.

[@Joshualibbyy]

I'm so broke I started putting gasoline instead of diesel in my truck. Wish me luck guys

[@M0rmagil]

🤣👍🏻😉

[@ramblingbill9101]

Try to water it down a bit also.

[@gavnonadoroge3092]

Alex Libby, its good thing you do hotshot with your gas car

[@LauRoot892]

@@ramblingbill9101 Where ya from ?? 😈

[@TheChrysler56]

Lol…….so funny…..can’t believe folk don’t see the funny side of your comment. Maybe it’s because I’m an English dude. 🤣

[@EddieV19]

I would only quit trucking if my KZbin channel picks up and takes off big on my car stuff subject

[@nicolesharpe9774]

Basically if you're a truck driver that means you'll always be broke. I'm sorry but if you have to skip buying coffee or grabbing quick food in order to not go broke I'm thinking a trip back to college is in order. You're all the reason I jumped ship cause you're only making it worse. Keep telling yourselves you love the job and that's why you're ok being broke. Please seek mental health help because nobody else on the planet chooses being penniless while working for free.

[@wilkinscontreras1231]

Keep up the good work sir 👏 thanks

[@Oasisearthfarm]

Pack your own food. It’s healthier and cheaper. If you’re not flush drive a company truck until you are. Keep the doorso closed and the wheels turning. Brian O/O number is 30k. I proved it last year. If you own it slow down. Do the math on 5.5 mog at 70 mog and 7.0 mpg at 65 it’s a hundred bucks a day.

[@Oasisearthfarm]

@user-driven_trucking hey hoss! Good to hear from you.

[@nikitachirich7985]

I was thinking about cross dressing as a lot lizard and doing a few slip jobs around the truck lot on my stop times, 30 min i can make at least $50 maybe $100 if i take the rear. Sidehustle trucking whaaaaaaaat!!

[@eaglemeagle]

God bless you , great advices

[@RufusTBiscuits]

Save your money, live like your broke, and eliminate debt as if your life depends on it… because it does

[@EddieV19]

Glad you still doing trucking videos. Wish you were still trucking tho. What job career did you switch to?

[@DrivenTrucking]

Full time KZbin with an end game focus on growing other trucking businesses which will be revealed eventually. Within the next 3-5 years or so

[@EddieV19]

One of my side hustles is actually KZbin

[@thomasreyes2857]

There's no way in the hell you could be broke driving a big diesel truck according to the guy on just trucking that's always bragging about how much money he's making he's loaded

[@Nofacenocase1619]

😂

[@markboyce1001]

I am completely broke after 30 plus years as a truck driver

[@M0rmagil]

As an O/O, I’m still doing well myself. But I’ve put myself in a better place than a lot of drivers who wanted to be self employed. I’m not saying that you should or shouldn’t get your own truck, just that it can be done, if you educate yourself first and take stock of your own capabilities.

[@gavnonadoroge3092]

you should fix broke thing

[@codegame027]

Please use better microphone technique!

[@DrivenTrucking]

What do you recommend?

[@codegame027]

@@DrivenTrucking kzbin.info/www/bejne/iqqbin-nhNKVjJY

[@DrivenTrucking]

I think I accidentally deleted or hid your reply, my bad, do you mind reposting or at least drop that video link again? It'll go to my hidden stuff but I'll see it, thanks

[@codegame027]

@@DrivenTrucking I sent you my KZbin comment to your email with the link.

[@neverobey1477]

#1 way to go broke.. stay away from lot lizards..

[@supertrucker1356]

Did you give up Landstar?

[@godsok1]

Dave Ramsey has great information

[@LauRoot892]

Where ya from ?? 😈

[@MakeCentsTrucking]

🙌🙌😎😎

[@AMTruckin]

With many company paying over 100k a year to be broke you must be very , very irresponsible.

[@percymirakles]

Which company pays 100k?

[@DrivenTrucking]

Lots of people how zero idea how to manage money regardless of the size of the income which is why I made this video

[@AMTruckin]

@@percymirakles Knight does , .71c per mile doing flatbed out of Cressona, Pa . OAKLEY does pay 105k a year to pull tanker doing Northeast. And that's not mentioned Walmart

[@percymirakles]

@@AMTruckin hey thanks for responding

[@AMTruckin]

@@DrivenTrucking understood , great video ... but now with the recession and inflation people need to be accountable for their actions or it's sure chapter 13 .

[@frankmartinez7189]

Hey I fit that category

[@LauRoot892]

Are you a Truck Driver ?

[@frankmartinez7189]

@@LauRoot892 yes I am

[@LauRoot892]

@@frankmartinez7189 Where ya from ? How old are you ? Nice 😊 meeting you 😈😻

[@LauRoot892]

@@frankmartinez7189 Frank

[@billlazars3976]

10 year’s as a truck driver?

[@DrivenTrucking]

Yep, started May 2012

[@billlazars3976]

Interesting

[@LauRoot892]

@@billlazars3976 😂

[@jasontaylor162]

R you still a truck driver

[@DrivenTrucking]

I put up the keys to teach here on KZbin

[@busyboysonedollarcircus6601]

1st

[@timstafford355]

Brian, Did you reply to one of my comments giving me your number to text: directions on applying for landstar, and advice in trading? Curious if I'm being scammed by someone posing.

[@chalky_white]

Bro I have some questions for you. Is there a way for me to reach you through email or whatever??

[@DrivenTrucking]

You're welcome to shoot me an email at driventrucking at yahoo, heads up though, I'm slow to respond to emails

[@bouquetchocolatesandconfec77]

Tired of being broke / drive daily / no time to do anything for health or my responsibilities - I love to drive n what I do - I wish I was fairly compensated!!