Thousands Of Truckers Say That Driver Made A Mistake To Live In A Semi Truck 365 Days A Year

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Mutha Trucker - Official Trucking Channel

Mutha Trucker - Official Trucking Channel

Күн бұрын

Truck Driver Sells His Hous & Makes $200,000 Profit 🤯 Now He Wants To Live In A Semi Truck
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@MuthaTrucker
@MuthaTrucker Жыл бұрын
Thoughts???? What do you do to make more money???? Send your trucking videos to muthatruckernews@gmail.com Join this channel to get access to perks: kzbin.info/door/7qhEuCYkV1Q5jFSxS21Oxwjoin Follow ‎@brtlive1_ youtube.com/@brtlive1_ Link Down Below For Store Locations! bigrigtees.com/truck-stops/ For information about financing your first semi truck or trailer? Click⬇️ www.thefundingbooth.com/muthatrucker Please visit Truckers Tax Returns at www.truckerstaxreturns.com/ for help with taxes and IRS problems. Press extension 1 for truckers. Free Consultations. Save the dates for the largest Trucking Show in Houston! June 24th & 25th, Nrg Center. Get your FREE tickets at www.texastruckingshow.com/register For information about Semi Truck or Trailers? My partner and I have a trucking dealership in Texas and can help you find your first truck. www.truckmiser.com/ For all your BullSnot needs go to brownox.com/ For Daily News Clips? Follow kzbin.info/door/E0xvcTAfg_Hn78WNV-pObQ & Send Videos to bignewsclips@gmail.com Music by Audio Library
@Mark-db8id
@Mark-db8id Жыл бұрын
If he wants immediate access to it, at very low risk, Money Market
@nhansen197
@nhansen197 Жыл бұрын
Buying another house would have been their best option for making more money. Everything else is so volatile he could end up loosing money. Not having a home looks bad on a credit score as well and can impact who will hire him.
@truckinprepper8743
@truckinprepper8743 Жыл бұрын
1-month T- bill paying 5+%...
@pollypurree1834
@pollypurree1834 Жыл бұрын
He likes being a nomad. Nothing wrong with that. As the old saying goes "Different strokes for different folks".
@MuthaTrucker
@MuthaTrucker Жыл бұрын
Yup!!!! He's doing better than most people
@hayleyandkilo
@hayleyandkilo Жыл бұрын
hes going to be a broke nomad, market aint cummin back ever
@chrisbelsito4231
@chrisbelsito4231 Жыл бұрын
@@hayleyandkilowondering myself if market will ever turn around… it’s been bad but it bounced back after a LITTLE while… not to sure about this time around
@gailmorra
@gailmorra Жыл бұрын
​@@hayleyandkilo you can thank that miserable crotchety old man in the White House. He's responsible for all of it.
@jasonrobinson8765
@jasonrobinson8765 Жыл бұрын
I've been living in my truck for 6 yrs.I save the majority of my money and put in Roth and traditional ira's, Solo 401k, and HSA as well as an individual brokerage account. I love not having bills and being able to invest for retirement. Living in the truck has its ups and downs, but I like getting paid to see the country, and when I take off time from driving, I leave the country and travel the rest of the world. By not having any bills, I was able to leave the country 4 times last year. Yeah, I'd take nomad life any day of the week as a single guy with non kids.
@garrylogan5995
@garrylogan5995 Жыл бұрын
You doing it for sure, especially if you're a young man. That is a legitimate plan, no doubt about it.
@georgeandy6923
@georgeandy6923 Жыл бұрын
I Applaud you! You are doing it right. My comment to Mutha Trucker was going to be around the guy's Financial Planning and if he had any Retirement Funding!! So you are definitely on the Right Track Young Man!!
@georgeandy6923
@georgeandy6923 Жыл бұрын
​@@garrylogan5995 Actually, even if he is not young....he is doing it right. But you are 100% correct...if he is Young, it makes it all the more better!!
@Nebo888
@Nebo888 Жыл бұрын
You better take out all of your “FUNDS” out of those accounts by July. If you don’t say goodbye to it. Federal Reserve Notes isn’t money, it’s private commercial paper and those accounts isn’t your property either. Unless you have everything in a “Private Trust” it’s on the “Public Record” and will be confiscated.
@WhiteLineFever1999
@WhiteLineFever1999 Жыл бұрын
now thats pretty sweet! where did you end up traveling to? i wanted to do that too...but the wife got pregnant and couldn't go OTR and being a nomad sadly. had to find a local job. Even then sometimes its nice being home but then its like i get bored at home and just want to be on the road but i don't want to leave em
@diplomat249
@diplomat249 Жыл бұрын
I lived in my company truck for a year. The only bills I had was food and a cell phone bill. I stacked up some real coin in that 12 months.
@MeOutside
@MeOutside Жыл бұрын
Personally: If you want to be a nomad (I do). Invest in gold / silver, sell the truck, and be a company driver. You’ll have the gold investment as a safety net and some cash on hand from selling the truck. As a company driver no stress of insurance, fuel, maintenance, etc..
@vinobeans9542
@vinobeans9542 Жыл бұрын
Yup
@eyesofanomadictrucker9208
@eyesofanomadictrucker9208 Жыл бұрын
Yes sir ✅️
@rhettrospect6722
@rhettrospect6722 Жыл бұрын
Or invest in hex/pulsechain/pulseX 20-200 x your money by 2025 💸😎💯💯
@williamparker8471
@williamparker8471 Жыл бұрын
Having someone's foot on your neck telling you where to go, when to go, with 2 weeks paid vacation a year is NOT being a "Nomad". Having said that invest in Gold and Silver is a big 10-4 on that
@DAViDD767
@DAViDD767 Жыл бұрын
nah, be self-employed, too many companies gone out of business, and insurance, fuel, maintenance only becomes stressful when you don't manage money right, and too many don't have money discipline, the guy in the video will do very fine self-employed
@pauldarata5566
@pauldarata5566 Жыл бұрын
Get you a flat bed trailer with striper poles now roll into a truck stop on Friday night and set back and count your money. We call it pimpin.
@natashaalexander4651
@natashaalexander4651 Жыл бұрын
I was a very proud nomad for 2 years. It was an EXCELLENT life. Once the market collapsed this year there was no more financial gain worth living over the road. I got all of my stuff out of storage and moved in with my boyfriend. I still drive, but having a safe refuge is awesome.
@gopherchucksgamingnstuff2263
@gopherchucksgamingnstuff2263 Жыл бұрын
I did it for 14 years. Retired at 40. Just go do it until you have enough to retire.
@HideousHeathensTV
@HideousHeathensTV Жыл бұрын
Go buy land in an area where trucks have a hard to finding parking, charge food trucks to come through and slowly build a truck stop.
@GabrielG80
@GabrielG80 Жыл бұрын
Hell yea! That sounds like a good idea.
@RomanVarl
@RomanVarl Жыл бұрын
I know a guy who lived in a truck for about 3 years straight )) To answer the guy - buy government bonds 3, 6, 12 months
@michaellewis7048
@michaellewis7048 Жыл бұрын
Personally if I was going to not have a home and live on the road, I would definitely get a super sleeper. Then you have space to spread out on your 34, you can make a nice home cooked meal, you can have your own personal shower and toilet.
@zigginzag584
@zigginzag584 Жыл бұрын
Been living in this thing for well over a year now. Putting away over 1k/wk. Works for me.
@josmith213
@josmith213 Жыл бұрын
You don't know how many times I thought about going over the road and just stacking money, you will have NO bills, work for a company, free wifi in the truck, maybe you have a phone bill, that's about it. I would NOT buy a tractor, just work for a company that's has free wifi, satellite TV (if you watch TV, I dont), some will pay your phone, what else do you really need? Get rid of your car, so no payments or car insurance, no rent or mortgage, no utilities. Get gym memberships for showers plus the truck stop showers, get an air fryer, microwave, electric grill and run an extension cord and grill in a parking lot, or a propane camping grill, just be open minded, you can do anything on the road or in a truck you can do at home
@robbinperers8526
@robbinperers8526 Жыл бұрын
I would suggest not using your own equipment. Keep your truck and trailer idle. Find a half way decent company that will cover "YOU" then stay on the truck. To each his & her own. I respect what you are doing and I tip my hat to that and to you. Measure what you actually want to do verses the companies out here. Dedicated, regional, super regional, Extended lanes with stops, short hauls, Reefer, dry, flat, OTR. Their truck their trailer and build to yours as you travel while making and saving. They will let you stay "live" on the truck. When my wife died we lost everything. Her car, property home and I said to heck with it and got back on the road. For me (me only) local haul did not pay. She was my life and my team driver. We made bank. We did it however on someone else's equipment. I live on the road now and owe her for The Matrimony we guaranteed each other. The highway is my home and the truck is my tent. I set it up one time and the dotted line takes me wherever. I do not use that as an excuse to blow my (our) money in theme parks, cruises, casino's, adventure parks. I stay true to what My wife and I wanted. The company takes care of the rest. Two weeks on and 2-3 days off just don't cut the mustard. I can work the local library for the average money that would be. I know exactly what you feel and what you are looking at. Its tough. My friends? I look down at the end of my bunk and count my toes and they twinkle back. Trust and confidence are your best friends is my point. This is just me and to everyone their own. I have a bud near where we lived to keep my CDL honest and to collect my mail in a garbage bag...whenever I come back that way. Its been almost a year now. 4 months before that. When she died I was devastated. It ripped me apart. My road time is spent in my tent (company truck) rolling to the destinations we wanted to go and that she wanted to see. I refuse to stop because she is owed that while I am here. Yours may not be anything like my course in this. But mathematically there may be something here you can use to keep you straight. I'm not a grand wizard at any of this but self-respect, dignity, integrity and bearing...Bearing will keep your decisions honest for you and your outlook. Wish You The Best.
@morellana8397
@morellana8397 Жыл бұрын
Sorry for your loss
@Life-tastic
@Life-tastic Жыл бұрын
Say it with me, We Are Nomads! It's a lifestyle that is definitely not for everyone but even after the stress of the cities and the loading and unloading, you follow the roads and see America. The good And the bad.
@napeahi03
@napeahi03 Жыл бұрын
That's what I'm saying. The simple life! The longest OTR stint I did was ten months straight with seven days off due to COVID. It's the peace that kept me OTR.
@amauris1522
@amauris1522 Жыл бұрын
3.5% return with inflation at almost 6%? Yeah, better something than nothing, but there's better investments out there. But don't mind me, I'm just a truck driver without cb radio
@nate_8403
@nate_8403 Жыл бұрын
Selling a home for a truck is foolish. What happens if you lose your license or are in a serious accident? Every truck driver should own a home.
@micclay
@micclay Жыл бұрын
Buy a day cab, dump trailer and a travel trailer. Go to where a project is paying good. Living in a camper is way better than living in a truck and I believe you can make more money this way and have a more healthy lifestyle.
@davehughesfarm7983
@davehughesfarm7983 Жыл бұрын
Buy a dump truck and pull the camper with a motorcycle rack on back of camper..
@micclay
@micclay Жыл бұрын
@@davehughesfarm7983 that might be the way to go. Do you have experience hauling aggregate? Are straight trucks more profitable than tractor trailers.?
@joyhouse2334
@joyhouse2334 Жыл бұрын
True on the market is crap. I got my 2019 a year ago and was making great money today I’m having to give up my truck cause I can’t get the loads miles to keep it. We’re a older couple and it’s time to retire anyway and the way things are going I’m really ready. So good luck to all the drivers stay safe out there
@jakatorussom5532
@jakatorussom5532 Жыл бұрын
Did over a million miles the industry could not even give me this recognition ....Anyway Ill always love trucking forever. Trucker for life....
@Lynn-tf8cd
@Lynn-tf8cd Жыл бұрын
I'm a company driver and always have been, been living in my truck for almost 9 years.
@Robert-WeThePeople
@Robert-WeThePeople Жыл бұрын
I would never suggest anyone to put money in Bank of America after what they did to people on Jan 6th.
@OmarOmar-mk1yy
@OmarOmar-mk1yy Жыл бұрын
What was happening in that day ? Thanks
@Robert-WeThePeople
@Robert-WeThePeople Жыл бұрын
@Omar Omar they handed over people's Bank records to the feds which is a 4th amendment violation of the constitution.
@djja8844
@djja8844 Жыл бұрын
Merryl lynch is part of BoA as well. Then there is blackrock and vanguard ETFs that use your money to become majority stock holders on boards and tell the company to stop hiring Americans or males. Boycott, Divest, defund those that seek to enslave and genocide you.
@samuelsanchez6140
@samuelsanchez6140 Жыл бұрын
​@Omar Omar protests broke out over election meddling and the protesters were prosecuted by the feds.
@figarofigaro3429
@figarofigaro3429 Жыл бұрын
Going woke over a bank lol
@lmao7183
@lmao7183 Жыл бұрын
Good advice. This market isn't going to stay down forever it will rebound eventually but not now. However buying and holding for the future, so long as it doesn't break your bank account, is a good choice for those thinking ahead.
@JP-jm9fy
@JP-jm9fy Жыл бұрын
Best advice I could give is talk to a financial planner and be clear with your goals. From there I would diversify my money. Spread it around.
@Prodigal1
@Prodigal1 Жыл бұрын
I have been driving 33+ yrs OTR and an O/O since 2004. I did something similar in 2016. I regret it deeply and I didn’t even use the money from the sale to by a new truck since I a bought one new 23 months earlier. I don’t recommend it!!! A house appreciates, trucks depreciate. Nothing more risky than spending it on a truck. If you are against stocks, you should reconsider however I think I would either have rented out my house instead of selling or use some of that money to buy a couple of rental properties. Let your renters cover your House payments.
@NightowlTrucking
@NightowlTrucking Жыл бұрын
THIS!
@somethingepic777
@somethingepic777 Жыл бұрын
If he's been trucking for 20years, he's (hopefully) networked himself in with a number of shippers & receivers. If it were me & i was thinking of living in my truck year-round, i personally would invest some of that money in stocks/bonds/minerals (like gold, silver, oil/gas) and then go with either a KW W900 with a sofa-bed, or upgrade to a super-sleeper. Then try to get a couple contracts with his favorite shippers & receivers.
@mamabear1260
@mamabear1260 Жыл бұрын
There was a time when I was on the road where I only went home for July 4th and deer season in November. I loved being on the road by myself. F R E E D O M
@lrgalatia
@lrgalatia Жыл бұрын
What I would do is buy my retirement land. Put a small storage building on it so I do not have to rent storage. Buy parts for my truck for maintenance. Then put the rest of my money in an IRA and stack the rest of my cash.
@jamariquai01
@jamariquai01 Жыл бұрын
If I could purchase a extended sleeper, with a shower/bathroom, convection oven and kitchen. I'd stay on the road. Pick up containers from the ports, do local/regional work. At least save a extra $1,100. Bro, is doing his thing. God Bless.
@kevinkevin6806
@kevinkevin6806 Жыл бұрын
Bro- you have gotten so good at this. I don’t drive anymore, but it sure is interesting to hear you. And hell no on getting a truck. Why?
@bhydrated9829
@bhydrated9829 Жыл бұрын
Wow.... Absolutely great advice to buy equipment, that is. And HOLD IT!
@Resistance_is_Futile01
@Resistance_is_Futile01 Жыл бұрын
Ok genius where are u going to park said equipment? It’s going to cost u a minimum of at least 100 a month for parking Pfft
@SubliminalEncryption
@SubliminalEncryption Жыл бұрын
Ive been living out of my truck for the last year and some change. Saved a ton of money by not forking out for a house or apartment plus the associated costs of having those things. Best decision ive made. Its not for everyone or every situation, but it can be a smart business decision.
@zigginzag584
@zigginzag584 Жыл бұрын
Same here but as soon as the housing market comes down I'm looking for a property to help offset this ridiculous tax burden I'm facing
@SubliminalEncryption
@SubliminalEncryption Жыл бұрын
@@zigginzag584 Smart idea, will probably do the same if things look good. I'm picky with locations though so it may be harder but I'll burn that bridge when I get there. Best of luck out there brother 💪
@amels4620
@amels4620 Жыл бұрын
Your right, see my similar post/ reply above.
@shaneshane1379
@shaneshane1379 Жыл бұрын
Other than buying the truck you need , buy precious metals. Metals will always hold a value. Real-estate is taxed. Gold in a ammo can hidden in the woods ain't taxable
@medvedwanders9627
@medvedwanders9627 Жыл бұрын
Look into treasure bills. They can be as short as 4 weeks or as long as 52 weeks. 12 week right now is paying over 5%
@carlosgarza7878
@carlosgarza7878 Жыл бұрын
No Put it in. Life . Insurance It will be 8% or higher. In compound interest with defidence. And You can borrow from yourself and pay yourself. And the amount will never change.
@carlosgarza7878
@carlosgarza7878 Жыл бұрын
The reason why I said to put it into life insurance to build wealth is because. Of the big demand in big trucking Manufacturers. In 2027. To change the fuel efficiency implusion And pollution control on these big trucks. They're warning us in a Events. There's going to be a big change in everything. That's trucking. We all need to be prepared for this. I'm doing this myself also. 2027. It's just 4 years away. Look at the KZbin video of the Edison truck. That's just one step away from electric trucks. On the highway. The future is coming fast. I'm not trying to tell you what to do but to be smart about what you do. With your money. It's just a friendly advice. Trucking is the way of life and a small business of the American way of living.
@robbinperers8526
@robbinperers8526 Жыл бұрын
I keep doing these second comments but right here this may be some further points to ponder. At 69 bucks a day i make my living allowance back penny for penny as if my truck is still on the road. Save the receipts and at the end of the year the tax man gives it all back penny for penny company driver, lease or your O/O. Its "your" money you are spending while on the road. Your position as "driving" OR "on the road" directly involved with your profession is key here. If you truly have 200k plus then I would suggest to never go below that mark. Let that be your low-end benchmark. Year by year increase that benchmark. Why waste it on the offhand chance another driver is going to back into your nose cap or pull out and take it clean off. Another check engine light. Another starter. Another turbo. Another full ECM check. DPF Kit? Work to those things for your own truck while it sits, if you want to use your own truck. Another set of mirrors? Virgin rubber? Brake booster, air bags? Get an AP Unit, maybe? Month by month by month. Save as you build up. Never go below your benchmark, gradually raise it. Simple percentage points on savings and or your EIN (Contractor #) business account can seriously help with this. Let someone else buy the fuel and pay the insurance for a change. Let someone else pay for all of the quarterly inspections, DOT's and IFTA's. Let someone else pay for the EZ Pass. 20 bucks 4000-6000 a month may not be much but for all of this at 200k and then a flat tire that rips your mud flap and hanger off and then wraps an axle? Just me. Maybe the new nest egg has the answer that don't need to be squandered. Good luck to your future bro.
@ArmishFarmer
@ArmishFarmer Жыл бұрын
Buy land! You will avoid taxes. And some gold and silver but don’t forget there was a time in the US history when gold and silver was seized from the citizens by government. Get a good honest realtor that specializes on land sales to do the proper research on zoning, you want to know and you want to have all the rights on that land. Mineral rights, water rights and all other rights. When you stop driving and you will at some point in your life, you don’t wanna rely on government. Anyway, that’s what I would do. ✌️😎👍
@chrisbelcher5320
@chrisbelcher5320 Жыл бұрын
To be living on the road comes with downfalls, as trying to set up credit with companies, require an address, and sometimes utilities . Just a thought when living in a truck or motor home
@travelerslife8854
@travelerslife8854 Жыл бұрын
First thing you should’ve never sold your house you should’ve went and got money on the house you would have gotten 200,000 or more. I would take 30 grand and by six trailers rent those out for the time being make up to six to $800 a month I would take another 20 grand and buy a piece of land and use the land as a storage area for trailers. I could keep going, but I ate because if you’re good at something, you shouldn’t give it away for free.
@darylcleavenger7585
@darylcleavenger7585 Жыл бұрын
This is bad investment advice all thru. The guy doesn't want to play in the stock market because it's 'Too Risky' but he want's to buy a truck with the trucking industry in a freight recession?. Also buying used equipment is bad investment advice for 2 reasons. Reason 1 he isn't a diesel mechanic and 2 future regulations & the fact that he isn't a truck dealer. This kind of speculative advice is FAR more risky than the stock market. Best Trucking Advice; If you want to be an Owner/Op.. Be a company driver, FIRST. Rip up their equipment before you tare up your own. Learn the industry before you devote the rest of your financial life.. to it!.
@MuthaTrucker
@MuthaTrucker Жыл бұрын
He says he's been a truck driver for 20 years and drives his own truck which is a 2015 freightliner.
@pollypurree1834
@pollypurree1834 Жыл бұрын
He can easily find a company that will have him on the road for months at a time. No need to buy a truck.
@ukayhemi6385
@ukayhemi6385 Жыл бұрын
Bad advice is ripping up these companies equipment, how would you like for someone to vandalize your residence
@darylcleavenger7585
@darylcleavenger7585 Жыл бұрын
@@ukayhemi6385 it's a matter of speech. go blow smoke up someone else's comments.
@gamblicious1
@gamblicious1 Жыл бұрын
I'm just like that I'm out here living in my truck 👍✌️
@MuthaTrucker
@MuthaTrucker Жыл бұрын
Lets goo!!!!
@vcozma66
@vcozma66 Жыл бұрын
Buy another house, maybe a duplex within a year so you don't have to pay taxes!
@bluemoon2934
@bluemoon2934 Жыл бұрын
I been living in a truck since 1994….never had to worry about rent,a mortgage,or utility bills …..
@chrisbelcher5320
@chrisbelcher5320 Жыл бұрын
I believe that no one should announce there finances on social media, and to say he has that amount possibly in hand, causes him be be aware of his surroundings!
@ronkali5365
@ronkali5365 Жыл бұрын
You get your finances to yourself.Not even family know my finances
@doubledtruckinginc
@doubledtruckinginc Жыл бұрын
Heck you brother do it! Document your experience on KZbin and social media platforms. Get some followers and advertise trucking products and review them in your own equipment. Just enjoy it and have fun first off! If you got an old lady at home get into other stuff like frieght brokerage and keep it as far away from your trucking as you can. Other than that sit back and make money while you drive. Who else can say that?
@tonyc4694
@tonyc4694 Жыл бұрын
1st. Get rid if that cascadia. Anything that has a DD15 or 13.
@ModernMessiah
@ModernMessiah Жыл бұрын
You get used to it. We are glorified homeless anyways. I put a shower in mine
@RDC_Autosports
@RDC_Autosports Жыл бұрын
you’re a hedge fund for BOA 😁 that’s impressive 3.75% usually it 1-1.5 2 if you’re lucky! funny you bring this up cause im doing both..i’m buying fixing and sitting on equipment 🤫 don’t tell everyone 😅😎👍
@Kevin-tr5zh
@Kevin-tr5zh Жыл бұрын
Robin Hood is paying 4.65%. Pull your money anytime. FDIC insured
@jamespalmer4945
@jamespalmer4945 Жыл бұрын
With epa and carb standards becoming more stringent! Yes legacy equipment is a good investment to sell to desperate companies down the road
@MuthaTrucker
@MuthaTrucker Жыл бұрын
Oh yeah!!!!
@gabrielzavalza5502
@gabrielzavalza5502 Жыл бұрын
2015 dd15 frieghtliner jjaja good luck broo, that truck is 100% going to be in the shop
@YoUnOkNoWoK
@YoUnOkNoWoK Жыл бұрын
Hell yeah it’s your life and you do what you want! 🎉
@TrucknBrothaManFromDaFif-ul5ct
@TrucknBrothaManFromDaFif-ul5ct Жыл бұрын
We need to strike for our rights. Or lose everything we have….
@cowboyjohnnydriver9795
@cowboyjohnnydriver9795 Жыл бұрын
But the price for a truck is coming down a 45k truck was 75k now the price has cam down for a good used truck not 140k for a 2018 its 75k to 60k for 45k truck
@timothydouglas7871
@timothydouglas7871 Жыл бұрын
Live your life Driver, as long as you know what it takes to survive out here it can be done. Go for it! Manage your money correctly you'll be just fine
@anwarmuwwakkil8067
@anwarmuwwakkil8067 Жыл бұрын
buy land, they not making more land, find somewhere with low property taxes after that find a good 1099 company and grind. be a company driver until the market changes. no risk, no reward.
@Tommygunz106
@Tommygunz106 Жыл бұрын
Buying a truck in this economy would be hard to get up and running. The best do what your doing now and invest in a bank . What I would say don't carry 200k in cash. Because you get pulled over your lose it to something called civil asset forfeiture. Then you will have to hire a lawyer to prove the money is innocent. Lehto law did many videos on, and the institute for justice is fighting to stop civil asset forfeiture. Anyways be safe lots of crazy people out there.
@unconditionallove3820
@unconditionallove3820 Жыл бұрын
If i had some loot and wanted to be really sure, gold and silver in a patriot guarded depository. Theres a couple in the US. Youll have to cart it there and pick it up from there...insurance towards fiat shifts...
@wolfsquared
@wolfsquared Жыл бұрын
High interest savings accounts. Can find over 4% if you look around.
@olegtkachyk9589
@olegtkachyk9589 Жыл бұрын
By a land or two houses and rent them to a good people.
@jmj48
@jmj48 Жыл бұрын
Place the entire thing in T bills 2 year maturity 5% or certificate of deposite for 5% pa in JPM its fdic insured. Personally iam in stocks personally direct invested after selling twice my houses.
@rgelife3768
@rgelife3768 Жыл бұрын
Certificate of deposit terms are returning 4-5% currently. Just an fyi
@jtchevy07
@jtchevy07 Жыл бұрын
He needs a camper on friends land as a just in case. Maybe buy a big sleeper truck like apartment type sleeper. And do some toter car hauling
@davehughesfarm7983
@davehughesfarm7983 Жыл бұрын
Or buy a dump truck and pull a camper to where the projects are.
@erwinbrubacker7488
@erwinbrubacker7488 Жыл бұрын
That man may have more wisdom than most of us ? Sell now, & buy when it collapses,(property).
@blippacg
@blippacg Жыл бұрын
Why not put your money in a CD? You can get 6 month terms at 5% annual so with $200k would give you $5,000 every 6 months. The down side is your money is locked up for 6 months but big deal. Money markets are paying 4% or better which isn't bad. Alex's idea of going with Capital One for 3.75% is too conservative. You're giving up the 1.25% for no reason.
@jemhadar5029
@jemhadar5029 Жыл бұрын
Save the money and lease the truck. Lease is better. If truck breaks down repairs are covered and they give you a truck to drive while other is being worked on. Save your money.
@PPE707
@PPE707 Жыл бұрын
Buy “worthy” property bonds 5 percent return
@phox1515
@phox1515 Жыл бұрын
I don't know if it's still for sale, but I know someone who was selling their super sleeper kw because they're retiring from trucking. I think they were asking about 150k. Me personally I'd sell your current truck and buy that one so I could truck in comfort. Toilet and shower on the truck and a lot more space.
@rime1090
@rime1090 Жыл бұрын
200000k in this economy means nothing ,be careful buying something that depreciates as quick as a truck ? I would think it twice
@kriter2428
@kriter2428 Жыл бұрын
High yield savings accounts . Apple has 4.15 percent 690 a month ….not bad
@carrollbridges9341
@carrollbridges9341 Жыл бұрын
I get it but the market is so bad in trucking I wouldn't buy another truck
@milesromine9960
@milesromine9960 Жыл бұрын
Buy a really cheap truck like a cascade. Five to 10 10K Replace every worn part Completely re Condition Refurbish the whole truck.. Replace Everything that is warn. Spending 40 to 50 k I would lease onto Landstar but that just me
@tomhall7250
@tomhall7250 Жыл бұрын
Invest in Gold or Silver especially Silver, have it stored in a repitatal depository.
@Fred-xb2pr
@Fred-xb2pr Жыл бұрын
Live the life you love and love the life you live
@SamC992
@SamC992 Жыл бұрын
Imagine living in LA paying $3k a month for rent just gone bye bye
@Dontquitnow315
@Dontquitnow315 Жыл бұрын
Thats littlerly what I’m doing right now have been in the semi full time now for a few months.
@carlosmontenegro1930
@carlosmontenegro1930 Жыл бұрын
The second you spend a dollar. Your going in debt. You have 200000. Lease a truck pay it off fast because you have a nest. For emergencies. .
@dirkdub_29
@dirkdub_29 Жыл бұрын
I literally was ready to email you this 🤣… Similar situation… I got land tho🤣
@phattdaddy
@phattdaddy Жыл бұрын
My dad used to tell me the best way to make a little money in trucking is to start out with allot I definitely wouldn’t buy a truck right now
@michaeldunagan8268
@michaeldunagan8268 Жыл бұрын
When you said that he said he wanted to take out as money whenever he desired, this should disqualify investing and fixed assets because they're not liquid to pull your money out whenever you want unless you get them at a super fire-sale price.
@J.A.D.D.
@J.A.D.D. Жыл бұрын
With the banks collapsing you shouldn't kept house. That was an asset the truck isn't if you can make money.
@cameroniveson5648
@cameroniveson5648 Жыл бұрын
Gold / silver period mostly gold dont trust any banks at this point in time
@vendingdudes
@vendingdudes Жыл бұрын
I can think of a few businesses or franchises to partner with if I had 200k that would make me more than the 600 bucks. Inventions to create, apps to make......oh man oh man
@MuthaTrucker
@MuthaTrucker Жыл бұрын
Truee. Me too, But he want low risk 😥
@javierleal7033
@javierleal7033 Жыл бұрын
Pnc bank is paying 4.5 percent
@michaelglenning5107
@michaelglenning5107 Жыл бұрын
Buy gold coins , or a T-Bill bearing 5% interest.
@briancallahan5673
@briancallahan5673 Жыл бұрын
Gold.. you won’t make money but it keeps its Purchasing power
@josephcogean8896
@josephcogean8896 Жыл бұрын
Remember you have to pay capital gain taxes because you sold your house for $200000. The government is going to take this because the only way not to pay that tax is. You need to buy another house buying a truck does not count
@MuthaTrucker
@MuthaTrucker Жыл бұрын
He says he making 200k profit after everything. So I just took it for what it was.
@tommysevens2242
@tommysevens2242 Жыл бұрын
buying a vehicle over 6500 lbs and using it strictly for business will give him a 80% write off, so, no it does count !
@davidritter21456
@davidritter21456 Жыл бұрын
I wouldn't pay any tax money to am illegitimate government, that stole an election, tried to poison it's people through COVID - 19, and train derailments near small towns, unchecked attempts to take away our Constitutional Rights. If your a trucker has over regulation made you safer, more productive? I say DON'T pay any taxes until a legitimate government has been elected into place. F this government, I will not comply!
@saintpatrick6681
@saintpatrick6681 Жыл бұрын
people say the stupids things believing they are brilliant the whole time. astounding
@JJason406
@JJason406 Жыл бұрын
If you live in a house for 3 out of 5 years you pay nothing in taxes when you sell your house
@onthegrindtv5363
@onthegrindtv5363 Жыл бұрын
Get into heavy hauling get a Peterbilt and lowboy
@davehughesfarm7983
@davehughesfarm7983 Жыл бұрын
Ummm....Im thinking a dump truck and pull a camper to set up where ever the project is.
@onthegrindtv5363
@onthegrindtv5363 Жыл бұрын
@@davehughesfarm7983 dump trucks are good but when its rainy season no work
@davehughesfarm7983
@davehughesfarm7983 Жыл бұрын
@@onthegrindtv5363 Could get a tilt bed pintle hitch and haul backhos and tractors..
@SauceCTC
@SauceCTC Жыл бұрын
Keep that money in a businesses account build business credit and personal credit and than apply for 500k business loan. Take 300k and invest into a small hotel or a 6 to 7 unit apartment complex.
@briancallahan5673
@briancallahan5673 Жыл бұрын
Buy $150,000 with a gold coins keep the other 50 in the bank for your current truck and just keep Rollin
@BigGeorgiaBoi
@BigGeorgiaBoi Жыл бұрын
I would be a company driver and I would invest in gold and silver
@davidwright7077
@davidwright7077 Жыл бұрын
He won’t have that money long. He’ll be broke, living in a worn out piece of junk.
@MuthaTrucker
@MuthaTrucker Жыл бұрын
What would you do??
@paul.-jj6yh
@paul.-jj6yh Жыл бұрын
​@@MuthaTrucker buy a boat... sail d world
@jimmybeasley6008
@jimmybeasley6008 Жыл бұрын
Why do u think that?
@paul.-jj6yh
@paul.-jj6yh Жыл бұрын
@@jimmybeasley6008 better to b surrounded by d ocean Dan miles ND Miles of concrete and roads....
@TheBandafall2003
@TheBandafall2003 Жыл бұрын
I will go to over sea or Porto Rico invest a small amount and live like a king
@bryanwhathefook
@bryanwhathefook Жыл бұрын
1 month bond is paying 5.6
@jayemitsmyright7504
@jayemitsmyright7504 Жыл бұрын
Trucking is bad hopefully next year it will be better I will get back into it then
@TheUpwardbound1
@TheUpwardbound1 Жыл бұрын
The house was a great investment that wasn't a good move man. This is not the business to invest in right now. Maybe flip some cars or flip. Hope you don't blow it man.
@AbcXyz-rn2lz
@AbcXyz-rn2lz Жыл бұрын
Avg is 1.5 a mile, so good luck with that....
@unknownopinionoid2672
@unknownopinionoid2672 Жыл бұрын
The famous idioum or saying the game gotta be sold it cannot be told ❗️
@MarantMarant-vk1mz
@MarantMarant-vk1mz Жыл бұрын
Saving money?? I am trying to get my nose off the water!!
@jamesmackinlay4477
@jamesmackinlay4477 Жыл бұрын
I lived in s semi for 10 years basically non stop. Looks like I might have to do it again.
@donaldhausenfluck2200
@donaldhausenfluck2200 Жыл бұрын
Ain't a mistake. Bin doing it for 10 + years and loving it
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