In this video we discuss how I estimated our income as well as our expenses as an owner operator leased to a company.  We also talk about how we prepared for the worst income as well as expenses and then geared ourselves up to be above average in income.  We also discuss the freedom of being an owner operator as well as the stress of what happens when things go wrong. 
 
We used the OOIDA spreadsheet to estimate our expenses as well as our income.  The income figures came from the company we were going to lease our truck on with and the numbers were a two year average of the median income with a truck similar to ours.

Link to OOIDA Cost Per Mile Spreadsheet

Part 1 How and why we decided to leave our "secure" jobs with benefits to become truck drivers
Part 2 Bob's off to truck driving school and we stumble in our first attemt to become truck drivers
Part 3 How we stumble and we why we did not not give up
Part 4 Buying our first Freightliner and off we go to orientation
 

Comments (2)

Linda Caffee

Bob and Linda started their driver careers after their children left home for college in 2000. Bob started as a driver for a large motor carrier with Linda as a rider. They decided to enter the Expedite industry as team drivers in 2005 and purchased their first Freightliner. Both, Bob and Linda have had their Class A licenses since the early 80's starting out driving in the oil field and hauling grain as fill in drivers where Bob worked as a diesel mechanic. Linda worked at the local country courthouse in data processing.

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Thank You Stephen and you both have also taught us which is the way it should be. Now lets meet up so we can teach other a thing or two about playing cards!

November 17, 2016 12:09:02 PM

You two have been fantastic mentors for us! Thanks for everything!

November 17, 2016 10:27:23 AM