CanadianTrucker
Regular Contributor
LEGACY MEMBER
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Hello again, I haven’t posted since my introduction. The reason is because I realized, all I was doing was action faking and not moving the needle at all. So I wanted to wait until I knew had taken some real action to moving out of the slow lane before making another post. Hoping I get some feedback as I have much to learn. I’d like to try and do a progress report weekly on what I’m doing to move towards the unscripted life. Okay so I’m a farmer and a truck driver. Been farming my wholeLife. Doing both is busy but farm
Doesn’t quite make enough money yet on its own. The past 8 years that I’ve been a trucking, I just traded my time in the seat for a wage. I haul crude oil and the pay is decent it’s on percentage can work out to between $32-48/hr. I’ve went over the numbers for a long time (3-4 years) for owning my own semi and after coming across MJ DeMarco books and this forum I realized i wasn’t doing anything about it. To get to the point I finally bought a semi in April 2020, spent 20k cash and got a truck and pump to haul oil. Terrible timing as oil completely crashed with price war and Covid
and I didn’t work for first 3 weeks, luckily things have turned around and very busy now. tryIng to help my transition out of slow lane I wanted to change the equation, so I now have a contractor driver that works for me, the shift is 7-5-2 he drives seven days I drive 5 and 2 days to go
Over truck for repairs etc. This is far from Fastlane, I still contract to a bigger company and they take 30% and I get to pull their trailers. But something big for me happened, there’s some money being made that isn’t directly correlated to my time, this is changing everything even though I’m not getting rich at the moment. Most people say the profit is too slim in trucking and I agree it’s a lower margin, but compare it to my stock market investing and here’s how it breaks down.
Invested 20k on truck
Average gross income per month- 25k-38k
Average breakdown of that gross
8% maintenance
10% profit
28% owners pay for driving/ contractor driver pay
8% taxes
46% fuel, insurance, other expenses
Stock market investing currently
10k
Projected average returns over lifetime
7% annually
This put things into perspective for
Me, I can make better return in one month owning a semi than I can in one year In stock market.
So thats a little bit of action that I’ve actually taken.
The next thing I’m pursuing is flipping grain trucks, that market is something I’ve watched closely for more than 15 years because it interested me. Before I never thought about using that knowledge to make money now I see opportunities. Next week I’m going with a friend to look at a grain truck priced at 14k the box doesn’t look great but I have another auto body friend that said he can paint it for 4-5k. If we can get the truck for 12k and paint it it should sell for around 22k which would give about 4-5k profit. If this exact truck falls through I have couple other options of ones to flip. Either way I will start doing this and gain experience. I’ll keep
Putting updates on this thread. Now is a good time because harvest is coming up right away so demand is higher for grain trucks.
I forgot to mention another little slice of action is we raise 130 cows. The margins for selling calves to auction mark is getting slim. With Covid and break in supply chain the demand for beef went crazy when 2 major kill plants had to
Shutdown temporarily due to Covid. They process majority of cattle for Canada. Anyways people were looking elsewhere to get beef other than the grocery store etc. So lots of farmers started using local butchers and selling meat direct to consumers. The margins are way better selling meat Direct rather than selling to kill plant. 2.60/pound kill plant. $5-6 pound direct to consumer minus about $1 cut and wrap cost. So far we have pesold 2 of our animals as beef directly to consumers. ( currently at butcher)
This is not Fastlane but it’s some action and real
Sales. I’m currently trying to think of
How we can sell more of our beef direct to market while providing more value and differentiating ourselves from everyone else doing this. And also how to possibly scale it! (Fastlane). Everybody and their dog is selling beef from their farm on Facebook now due to the demand. So I will have to work a little harder to figure out how to stand out from the crowd.
that’s all the real action that’s in the works. I have very little extra time between trucking and farming which helps me focus on business ventures that are not directly connected to my time input. I’m going to try hard to keep the action-faking out of
This thread as much as I can, feel free to call
me out on it if you see some. Financially not a whole lot has changed, but I feel I’m getting over to a path that can lead to the destination i want to achieve and that’s a pretty awesome feeling in itself. That’s all for now, thanks Jordan
Doesn’t quite make enough money yet on its own. The past 8 years that I’ve been a trucking, I just traded my time in the seat for a wage. I haul crude oil and the pay is decent it’s on percentage can work out to between $32-48/hr. I’ve went over the numbers for a long time (3-4 years) for owning my own semi and after coming across MJ DeMarco books and this forum I realized i wasn’t doing anything about it. To get to the point I finally bought a semi in April 2020, spent 20k cash and got a truck and pump to haul oil. Terrible timing as oil completely crashed with price war and Covid
and I didn’t work for first 3 weeks, luckily things have turned around and very busy now. tryIng to help my transition out of slow lane I wanted to change the equation, so I now have a contractor driver that works for me, the shift is 7-5-2 he drives seven days I drive 5 and 2 days to go
Over truck for repairs etc. This is far from Fastlane, I still contract to a bigger company and they take 30% and I get to pull their trailers. But something big for me happened, there’s some money being made that isn’t directly correlated to my time, this is changing everything even though I’m not getting rich at the moment. Most people say the profit is too slim in trucking and I agree it’s a lower margin, but compare it to my stock market investing and here’s how it breaks down.
Invested 20k on truck
Average gross income per month- 25k-38k
Average breakdown of that gross
8% maintenance
10% profit
28% owners pay for driving/ contractor driver pay
8% taxes
46% fuel, insurance, other expenses
Stock market investing currently
10k
Projected average returns over lifetime
7% annually
This put things into perspective for
Me, I can make better return in one month owning a semi than I can in one year In stock market.
So thats a little bit of action that I’ve actually taken.
The next thing I’m pursuing is flipping grain trucks, that market is something I’ve watched closely for more than 15 years because it interested me. Before I never thought about using that knowledge to make money now I see opportunities. Next week I’m going with a friend to look at a grain truck priced at 14k the box doesn’t look great but I have another auto body friend that said he can paint it for 4-5k. If we can get the truck for 12k and paint it it should sell for around 22k which would give about 4-5k profit. If this exact truck falls through I have couple other options of ones to flip. Either way I will start doing this and gain experience. I’ll keep
Putting updates on this thread. Now is a good time because harvest is coming up right away so demand is higher for grain trucks.
I forgot to mention another little slice of action is we raise 130 cows. The margins for selling calves to auction mark is getting slim. With Covid and break in supply chain the demand for beef went crazy when 2 major kill plants had to
Shutdown temporarily due to Covid. They process majority of cattle for Canada. Anyways people were looking elsewhere to get beef other than the grocery store etc. So lots of farmers started using local butchers and selling meat direct to consumers. The margins are way better selling meat Direct rather than selling to kill plant. 2.60/pound kill plant. $5-6 pound direct to consumer minus about $1 cut and wrap cost. So far we have pesold 2 of our animals as beef directly to consumers. ( currently at butcher)
This is not Fastlane but it’s some action and real
Sales. I’m currently trying to think of
How we can sell more of our beef direct to market while providing more value and differentiating ourselves from everyone else doing this. And also how to possibly scale it! (Fastlane). Everybody and their dog is selling beef from their farm on Facebook now due to the demand. So I will have to work a little harder to figure out how to stand out from the crowd.
that’s all the real action that’s in the works. I have very little extra time between trucking and farming which helps me focus on business ventures that are not directly connected to my time input. I’m going to try hard to keep the action-faking out of
This thread as much as I can, feel free to call
me out on it if you see some. Financially not a whole lot has changed, but I feel I’m getting over to a path that can lead to the destination i want to achieve and that’s a pretty awesome feeling in itself. That’s all for now, thanks Jordan
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