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009: ⚠️ Most Drivers Choose WRONG (Lease On vs Authority) | START-UP COSTS Explained ‼️ — Transcript

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0:10You'll be able to save yourself another
0:12couple thousand dollars versus going
0:14lease purchase.
0:16It's not as hard as you think. You'll be
0:18surprised. Once you have the truck,
0:19you're like, "Oh I really got my
0:21own truck."
0:23Easy to get into a truck, guys. I don't
0:25know why
0:26you guys think it's so difficult.
0:28Oakley works with these guys and
0:31look at those trucks.
0:33Rise and shine, it's time to grind. We
0:35are in
0:37Mississippi. We just passed through
0:38Hattiesburg, so we're good to go. I'm
0:41headed down to Axis, Alabama, so we
0:43could go ahead and drop off these
0:44aluminum cones that I got.
0:48All right, so we're loading um
1:03Those are aluminum cones. So, they're
1:06they're going to He actually bent one of
1:08my bows. He's going to tell his
1:09supervisor so we can try to get that
1:11fixed. If not, um I won't get charged
1:13for it, but um we're over here in
1:16Sapulpa,
1:17Oklahoma, and we're loading these up
1:19going out to um
1:21Axis, Alabama. It's a nice good long
1:24run.
1:26Should be a good paying load.
1:28All right, guys, let me get back in the
1:29truck and uh read my gauges so I'm not
1:32overweight. We're going to talk about
1:34owner-operator.
1:35At some point in your life, you you
1:37dreamt about owning your own truck and
1:39running your own business. If your dream
1:42is to
1:44own your own truck and run your own
1:46business, I think there's a big
1:48misconception
1:50on what it takes to do that.
1:52If you run down the numbers, let's say
1:55that want to go buy a truck and have
1:57your own authority
1:58with your own DOT number and go through
2:01that process.
2:04If you if you run down the startup costs
2:06and we will go over those startup costs
2:08today.
2:09You know, if you run the numbers,
2:11you're looking at around, you know, 40
2:1350 grand to get started. That's
2:16expensive and people don't have that
2:19type of money to to to to jump into
2:22owner operator situation. But that's not
2:24your only avenue and we're going to go
2:26over the other avenue as well today. The
2:28other avenue is
2:31just buying a truck and signing on with
2:34a company.
2:35Now you're taking
2:37the 50,000 number that that you had
2:39difficulties trying to trying to digest
2:42and getting into truck and being an
2:44owner operator
2:46now dwindling down to 20 10% of what the
2:50truck costs for the down payment
2:53and signing on with a company. That
2:56changes everything. As
2:58drivers, we need to kind of swallow our
3:00pride. You know, I think everybody has
3:03aspirations of becoming an owner
3:04operator, getting a second truck, a
3:06third truck, a fourth truck, having a
3:07fleet, creating this big monster
3:10company, making your stamp in the
3:12transportation world. If you don't have
3:15the
3:16you know, the capital to do that, then
3:18let's just take baby steps. Let's let's
3:20just fall back a little bit and we're
3:22going to go ahead and compare these two
3:24so that way, you know, you'll see how
3:26easy it is to become an owner operator
3:30whether you're signed on or whether you
3:31have your own MC.
3:33Hit that subscribe button if you haven't
3:35done so already.
3:37Please hit that hitchhiker.
3:39Help the channel out a little bit and
3:41always you're always more than welcome
3:44to leave a comment. I love the
3:46interaction so
3:47please leave a comment if you have
3:49anything to say, have anything to ask.
3:51I'd appreciate it. And if you're a
3:53hater, well, you already know what to
3:54do. You hit that thumbs down. That's
3:56what you do anyway. All right, so let's
3:59break this down.
4:02All right, so let's break down these
4:03costs. We're going to go through
4:05everything so that you can get an idea
4:07of what it costs, what the startup costs
4:09are going to be for an owner-operator
4:12with just one truck.
4:14So, first off, you're going to need your
4:16LLC. That's number one. Depending on
4:19what state you're in, that could be
4:21anywhere from 100 bucks to $800. All
4:24right? Uh some places it might even be
4:26free. I don't know what states those
4:28are, but we're going to take in Oklahoma
4:31it's 100 bucks and California is 800.
4:34All right? So, that's for your that's
4:35for your LLC.
4:37Second, you're going to need your EIN
4:40number. That is absolutely free. You go
4:43Don't let anybody
4:46tell you that they're going to sign you
4:47up for a fee and get your EIN number.
4:52You go to the IRS website, you sign up
4:54for a EIN number, it is absolutely free.
4:58Period.
5:00The next one was going to be your uh US
5:03uh DOT and your authority, your MC
5:06number.
5:08That costs $300 for that application.
5:12So, you're going to pay $300 when you
5:14fill out that application to get your MC
5:16authority and your DOT number.
5:19The next thing is you're going to have
5:21to get a business banking account. Now,
5:24depending on there are some people that
5:26don't get business banking accounts.
5:28They actually put it in their personal
5:29accounts. Well, let me tell you
5:30something, when you're an LLC, you need
5:33to be able to show that you can separate
5:35your business money
5:38with your personal money
5:41because they're going to come after your
5:42business money
5:44because you're a limited liability
5:46company.
5:47An LLC.
5:49Now if
5:51you don't you can't show that those two
5:54entities are separate, your personal
5:56with your business, they'll come and get
5:58it all.
5:59So if you have assets, a home, land,
6:03RV,
6:05toys, boat, whatever, they're coming for
6:08it. All right, so keep that in mind.
6:11So go get a business bank account. Some
6:13places require you to deposit $200 to
6:16start that business account. So we're
6:18going to say anywhere from zero to $200.
6:20Now,
6:22these aren't necessary, but I highly
6:24recommend them. I have seen a lot of
6:27people make this mistake and get a Gmail
6:31or a Yahoo account
6:33and make that their business account,
6:35and brokers have denied them.
6:38Because there's a lot of fraud that goes
6:40on with the Gmail accounts and all these
6:42these free
6:44um, you know, uh, email accounts. When
6:47you're new, it makes it that much more
6:50easier to get loads if you have a dot
6:52com. So that means you'll have to go get
6:54a domain anywhere from
6:56let's say 50 bucks.
6:59And then you'll you'll you'll usually
7:00with a domain a lot of times they'll
7:03they'll give you a a dot com or uh, your
7:06domain name
7:08uh,
7:09email account for like $3.99 a month or
7:12something like that. So
7:14let's just say 50 bucks.
7:16The second thing you're going to want to
7:18do,
7:19you don't have to, but it's a good idea
7:21to do so, is get you a business phone
7:24number.
7:26Uh, you know, any kind of secondary
7:28number
7:30because once you sign up for your MC,
7:32they share that publicly and you're
7:34going to get calls you just can't stop.
7:37And they're going to keep coming and
7:39coming and coming and coming. So if you
7:41decide to get your domain
7:44and a and a with a with a email address
7:47separate than your personal or
7:50other than a Gmail account and you
7:52decide to go ahead and you you want to
7:54grab
7:55uh a telephone number so that you don't
7:57get spam calls day in and day out, it's
8:00non-stop. You want to do that before you
8:03sign up for your MC authority and your
8:04DOT. Just a mental note of that if
8:07that's what you decide to do. But, if
8:08you want to save some money, don't do
8:10it. Get you a free Gmail account and use
8:12your personal number. But, just know
8:14that you're going to have to withstand
8:15and uh
8:16get a bunch of calls from a bunch of
8:19various different people trying to sell
8:21you stuff. All right, next thing on that
8:22list is
8:23you got to go get a truck. That's going
8:25to be
8:27a down payment.
8:29All right, when you go buy a truck, a
8:31lot of places want 20% down. It depends
8:33what the value of the truck is. The
8:35newer the truck, the more money they
8:36want down.
8:38The older the truck, a used truck, a
8:40little less. You can get away with 10%.
8:42I put
8:43I think less than 10% down. I think I
8:45put like 8 or 5%. I put My truck was
8:48$70,000. I put $5,000 down. You know,
8:52it's different for everybody. So, um
8:55just I guess depending on what your
8:56credit is. And be keep in mind too, on
8:59your very first truck
9:01they are going to
9:03ream you
9:05with uh the interest rate. It's just a
9:08known fact. They're taking a risk on you
9:10and that risk needs to pay off. So, just
9:13be aware of that. It's you can't There's
9:15nothing You can't There's no way to get
9:17around it.
9:18There's just no way to get around it. If
9:20there is, then somebody go down and you
9:22know, please put in the comments how we
9:24can how you how somebody can get around
9:26some of this stuff. All right, so the
9:28next thing you got to figure out is what
9:30are you going to do? Are you doing
9:31flatbed, dry van, reefer? You got to go
9:34get yourself a trailer.
9:36Uh
9:36a security deposit of about 500 bucks.
9:39If you rent the trailer,
9:40could be up to a thousand dollars. And
9:42then, if you're buying a trailer, it's
9:44going to be, you know, 10,
9:4615, 20% down, depending on where you get
9:49it. 20% of, let's say, 45,000.
9:52If it's, uh, if it's used, it's going to
9:54be, you know, 10, 20% of
9:57um, you know, 25,000 or so. If you get a
10:00really cheap trailer, it's going to be,
10:01you know, even less. So, now once you
10:03got a truck, it's time to get insurance.
10:06So, insurance is, uh, going to be
10:08expensive because you're you're just
10:09starting out. Doesn't matter, you can
10:11tell them you own a home and you have a
10:14bunch of experience, it's still going to
10:15range about
10:17anywhere between
10:191,500 to 2,500, just depending on who
10:21you are, per month.
10:23Now, when you, uh, get the insurance,
10:25they're going to want usually a down
10:27payment on that insurance. It's usually
10:30the first month and the last month. So,
10:32if you, you know, you're paying
10:34$2,000 a month, they're going to want
10:36about $4,000 down, 4,500, somewhere up
10:39in that area. So, you got to have that
10:41money to put down for your insurance to
10:43actually start to kick in.
10:46So, we tell you get that in, and that's
10:48basically your your bonding the the
10:50contract, the insurance contract will be
10:52bonded once you put down that
10:55that down payment.
10:56So, you got to have that money.
10:58Next thing is you got to register your
11:00truck.
11:02That varies depending on where you're
11:04at. In Oklahoma, it's 800 bucks. In
11:06California, it's anywhere between,
11:08depending on how much your truck costs,
11:102,000 to 2,500. So, that's a big range.
11:13So, it it does matter on where on where
11:16you're located at and where you register
11:17your truck at.
11:19So, after that is your BOC-3. Your BOC-3
11:24is your state agent. So, if you get sued
11:27in another state, or somebody wants to,
11:30you know, file papers on you in another
11:31state, there is somebody to represent
11:34you in each and all states. You know,
11:37when you sign up for the BOC, it's a
11:39one-time $30 fee. That's it.
11:43Listen to me. It's a one-time fee for
11:46your BOC-3.
11:48One time.
11:50Make sure you ask. Make sure you find
11:52out. Go on the FMCSA website and and
11:56look for the registered agents. It's a
11:57one-time fee. That's it. Next, you're
12:00going to need your UCR registration.
12:03That's your Unified Carrier
12:04Registration. That's going to cost you
12:06$50 per year for that. So, go ahead and
12:09tack on $50 on that startup cost. You're
12:12going to need your 2290.
12:14Your 2290 is your vehicle heavy use tax.
12:18That's going to cost you $550.
12:21That's a yearly charge, but you're going
12:23to need it to start up. So,
12:25add on another 550.
12:28After that, it's time to sign up for
12:30consortium.
12:32Consortium is your random drug and
12:34alcohol testing.
12:36You need to sign up and do that. It's
12:38about $175.
12:41That is a yearly charge, but to get
12:42started, you need that. The $175
12:46doesn't count towards your random or
12:49your pre-employment testing. The
12:51pre-employment test is another 100
12:53bucks. So, you as the owner-operator,
12:55you need a pre-employment
12:58urine test. You have to have it. You're
13:01an employee of yourself. There's no way
13:04around it. Don't forget it, cuz if you
13:06do and they do an audit, which DOT will
13:08do an audit anywhere from the time you
13:10start to about 12 months, they're going
13:13to they're going to send you an email
13:14and say, "Hey, this is officer such and
13:16such. It's time for an audit." And you
13:18better have proof that you did them. If
13:21not, they will shut you down.
13:24Where you going to park your truck?
13:26Hopefully, you got enough land where you
13:27can pull in or you got a big enough
13:29street and your neighbors don't mind you
13:31can pull that bad boy right in there.
13:34That's completely fine. Just make sure
13:35that you have a place to park it. If you
13:37don't have a place to park and you do
13:40find a yard, it's going to you know, the
13:41average cost for a park a monthly
13:43parking spot
13:45is $250. I would suggest finding
13:48somebody you know that has enough space
13:50and allow you to park that there
13:52uh for hopefully free. If not at a
13:55discount or only when you're there. If
13:57you're out two or three weeks and you go
13:59park for a weekend and then go back out,
14:01really you're going to pay $250 for two
14:03days of parking.
14:05So, it really doesn't make sense. But
14:07yes, you have to find a place to park
14:08and I just put $250 because if you're
14:11the unfortunate one where you don't know
14:13anybody and you don't have any truck
14:15stops near you, about $250 per month for
14:18that parking spot.
14:20All right, you got to get your decals
14:22for your truck. That's going to run you
14:23about 150. You're going to need decals
14:26on each side. You're going to need a
14:27truck number
14:29on each side and you're going to need
14:31all your your VIN number, your DOT MC
14:34number and all the information on the
14:35side of your truck.
14:37Also, after that, you're going to need
14:38your MVR report. Yes.
14:41You're going to have to pull a MVR
14:43report on yourself and during the audit,
14:47DOT is going to ask for it. So, don't
14:50pass it up. All right, you got to treat
14:52yourself like an employee.
14:54So, after you do all that, next step is
14:56IFTA and they keep track of how much you
14:59how much fuel you purchase and how many
15:01miles you run in those states. And
15:04Oregon charges you
15:07about 25 cents per mile. In order to get
15:10that
15:11bond from Oregon, it's about 2,000
15:14bucks. There's companies that allow you
15:17to only put 10% down. So, $200 and you
15:21have to report your mileage, how much
15:24you fuel up there monthly. That's a
15:26monthly report that you have to generate
15:29and hand over to um ODOT.
15:32And IFTA IFTA doesn't cost you anything.
15:35So, to break after breaking all that
15:37down, IFTA doesn't cost you anything to
15:39sign up for IFTA. I believe New York
15:41might be a little bit eight bucks or
15:43something for the stickers. Uh New
15:45Mexico, you don't get any stickers, you
15:46just sign up. I don't know if there's a
15:48small fee to that. I hired somebody to
15:50do that for me and keep track of all
15:53that stuff. All right, so basically, you
15:55know, you need your ELD equipment.
15:57You're going to need a PrePass unless
15:59you want to stop at scales every single
16:01time and pay your tolls with cash or
16:04credit card. If you get the PrePass, you
16:07get a discounted rate when you run
16:09through tolls. You don't have to stop,
16:11you don't have to pay.
16:13And also, PrePass allows you to get down
16:15the road. So, every time you have to
16:17stop at a scale, you know, you run a
16:19whole day and run across four or five
16:21scales and if there's a line on those
16:23scales, I mean, you're you're just
16:24eating into your profits. Also, you need
16:27a GPS, so you're going to have to pay
16:28for a decent truck GPS. I do not
16:31recommend people going off of Google
16:33or or Google Maps. You need to have two
16:36sources and of course, the the the road
16:40atlas is your best friend. But if for
16:42some reason you don't know how to read
16:44an atlas or you don't want to get it and
16:46you just want to go full tech,
16:48then you're going to need a truck one so
16:50that you can cross-reference because
16:51Google will take you down some crazy ass
16:53spots and so will the so will the
16:56trucking GPS sometimes. So, they're not
16:59they're not 100% bulletproof, but you're
17:02going to need to spend a pretty dime on
17:05on a good one to get you around. Now,
17:06you could probably start off with your
17:08phone and and Google Maps, but I
17:10wouldn't recommend it. Now, these next
17:12two things don't cost you any money. You
17:15need factoring. Factoring takes a
17:16percentage of each load. Some 3%, some 2
17:20and 1/2, some 4, some 5. What factoring
17:23does is they take your settlements not
17:25your settlements, they take your BOLs,
17:28your proof of delivery, your PODs, and
17:31you send them directly to the factoring
17:33company. They take them, they approve
17:35them. Basically, what they're doing is
17:37they're paying you in advance. It's a
17:39good thing because you as an individual
17:42owner-operator it becomes very difficult
17:45to collect that money if for some reason
17:46they're lagging on paying. But with a
17:48factoring company that's been around,
17:51that has attorneys, knows all the lingo,
17:54knows how to how to push customers to
17:56pay the pay the money that they owe them
17:59that they in turn pay to you,
18:02uh you need that that strength uh to
18:05collect that money. So, you're you're
18:06going to 100% need a factoring company.
18:09Now, the only downside to that if
18:11somebody defaults and doesn't pay them
18:14their money, they come and take that
18:17money back. I've never had it happen to
18:19me in the 2 years that I've used
18:21factoring. I never had it happen. So,
18:23just be careful.
18:25Uh the other thing is um dispatch. If
18:28you're brand new and you don't even know
18:30where to start, you're going to have to
18:32hire a dispatching company. And they
18:34usually take about 6% off of every load
18:38that they book for you. I did hire a
18:40dispatching company in the beginning and
18:42it helped me, but
18:44I also started booking my own loads. And
18:46you've got to be careful when you do
18:47that because if you decide to start
18:49booking your own loads, don't do it
18:50halfway. You go full-blown because what
18:53they're going to end up doing is they're
18:54put they'll put you in the beginning
18:56with an experienced dispatcher. Once you
18:58start booking your own loads and they're
19:00they're getting wind that they're only
19:01you're only letting them book you loads
19:04once a week or twice a week instead of
19:05five times like they were
19:07doing previously, then what they do is
19:10they they hand over your case or hand
19:13over your account to a newbie, somebody
19:15that just got there. It's retaliation.
19:18So
19:19So, make sure that if you decide that
19:21you're going to book your own loads,
19:22make sure you book your own loads and
19:24you're ready to do it full-time. Now,
19:26there is no upfront cost for a
19:28dispatcher, but you will be paying
19:31you know, you have to go through and
19:32sign up and you will be paying
19:33percentage of your load, but it isn't a
19:35part of the startup cost. I just thought
19:37I'd throw it in there so that you guys
19:38understand that you know, you're going
19:40to need that if you don't have any
19:41experience.
19:43On top of that, a fuel card. So, you
19:45usually the best way that I would do it
19:47as a owner-operator is I would get my
19:49fuel card through the factoring company.
19:51That's what I would do. I got a Flying J
19:54and Pilot account when I not when I
19:56first started, but after about a year in
19:59and I got some really good rates on that
20:01one, but I also got some really good
20:03rates
20:04from the fuel card that you know, that
20:06my factoring company provided me. So, I
20:09would recommend that. The fuel card
20:11doesn't cost you any money at all. So,
20:14you're not going to come out of pocket
20:15as a startup fee. I just thought I'd
20:16throw it in there so you can jot it down
20:18and
20:19you got to know what you're going to
20:20need a fuel card. So, the last thing
20:22you're going to need is a load board and
20:24that's absolutely going to cost you some
20:25startup money, about 150 to 200 bucks
20:28and that's a monthly reoccurrence and
20:30even if you have a dispatching company,
20:32the load board that you use, you're
20:34going to call them and say I'd like to
20:35give you know, dispatch access. It's not
20:38full access, so they can't see all your
20:41personal information in there. You just
20:43give them load board access to your
20:45dispatcher so he can use your
20:49load board to book you loads. So,
20:52you absolutely need one even if you have
20:54a dispatching company or if you're just
20:56going to book loads yourself, you need a
20:58load board. So, that's pretty much going
21:00to sum it up on on what you actually
21:02need. There are a couple more things.
21:06It depends you know, additional costs
21:08are going to come from what type of uh
21:11equipment are you going to run? Are you
21:12going to run flatbed? Well, it's about
21:13$1,800 for a kit,
21:16uh starter kit, and that's going to be
21:18your bungies, your edge protectors, your
21:20straps, your chains, stuff like that.
21:24Uh if you get a full kit, it's about
21:253,500 and they're going to throw in you
21:27some tarps, probably about three tarps.
21:30So, you're looking at 1,800 with no
21:31tarps and about 3,500 with tarps. If
21:35you're dry van, you're going to need
21:37about I would say at least 10 10
21:39C-channel straps and some load bars, at
21:42least maybe four. So, you're going to
21:44need that and then of course you're
21:45going to need your gloves and your boots
21:47and stuff like that if you don't have
21:48them already as safety goggles, a hard
21:51hat, vest, you know, you're going to
21:54need those things in certain situations.
21:56Some people won't even let you on a
21:58facility without them. So, don't get
22:00yourself caught up and think you don't
22:01need them cuz you're just going to be
22:03dropping off at docks. You might take a
22:05load that you you get there and you
22:06absolutely need all your safety gear. As
22:08far as reefer is concerned,
22:11um pretty much the same as as dry van. I
22:14mean, it's a little bit different. I
22:15have never run a reefer, but I'm sure
22:17they need load bars and stuff like that.
22:18They probably need some other special
22:20type of equipment. And then if you uh
22:22you got to think about weather.
22:24So, if you're running in out of Oregon
22:26or California, Colorado, maybe Wyoming,
22:30stuff like that, you're going to need
22:31chains. Chains, you know, for the full
22:34set 500 bucks. And then um you know, if
22:37you're a van or whatever, uh maybe even
22:40you know, even um
22:41uh flatbed, you're going to need a broom
22:43or a blower
22:44to make sure you can clean off your deck
22:46uh for what I'm in, I need a a
22:48sledgehammer, I need a broom, I need a
22:51uh a shovel.
22:53You know, there's just each each
22:54industry has its own stuff to help you
22:56do your job and get your job done. So,
22:59you know, you'll need a little bit of
23:00money for that.
23:02Yeah, guys, so that pretty much sums it
23:04up. Now, we do have a total
23:07for a startup cost for an owner-operator
23:10that's trying to get his MC and his own
23:12DOT
23:13and run his own show.
23:15Book his own loads, do all that. Buy his
23:18own truck, get his own insurance, get
23:20his own permits, all that other stuff.
23:22And the grand total is
23:25damn.
23:27See what I'm saying? So, that's how much
23:29it cost to start up
23:32as an owner-operator with your own
23:34authority.
23:35So, let's talk about option two.
23:38Option two is go buy a truck. So, the
23:41startup cost for going to buy a truck,
23:43like we talked about in option one, is
23:45going to be anywhere between 10% and 20%
23:49of the cost of the truck. You got to
23:51find a dealer, you got to shop around,
23:52you got to find somebody that's willing
23:53to work with you. After you get the
23:55truck,
23:57you go and get a 2290,
23:59which is your heavy vehicle use tax.
24:03That's about $550.
24:06That's it.
24:07You take your truck, you take your 2290,
24:11and you go sign up with a carrier.
24:13It's that simple. Once you sign up with
24:16the carrier, they're going to And I
24:18can't speak for every carrier cuz every
24:21carrier is going to be different. But at
24:23Oakley,
24:25that's all you need.
24:27You bring your 2290, you bring the
24:29truck, they take care of the insurance.
24:32They take care of your IFTA. They take
24:34care of your tolls. They take care of
24:37your PrePass. They take care of your
24:40Qualcomm or your EOD.
24:43They take care of all that stuff, and it
24:45comes out of your check every week,
24:48but it's very minimal.
24:49Where you would be paying $2,000 for
24:52insurance as a new owner-operator per
24:54month
24:56on a $70,000 truck, it's around 50 bucks
25:00a week, which means about $200 a month.
25:03You're saving yourself $1,800. That
25:05$1,800 can go in your pocket. As far as
25:09the trailer, when you go to rent a
25:10trailer with your own authority, you
25:12either rent it or you buy it, that's a
25:14that's a that's a percentage down or the
25:17rent of the trailer, which is any
25:19usually around a thousand dollars, let's
25:22say. It's cuz it's usually a base cost
25:24and they and they charge you like, I
25:26don't know, 11 cents or something per
25:28mile. You're paying a thousand dollars,
25:31well, Oakley gives you the trailer. So,
25:32you're saving another thousand dollars
25:34that you would be paying if you had your
25:36own authority, that's going in your
25:37pocket. You kind of get what I'm I'm
25:40getting at. Owner op with your own
25:43authority is good if you have the money
25:47to do it. If your capital is limited,
25:51then you go on with signing on with a
25:53carrier.
25:55You got to swallow your pride. We have
25:57this burning sensation inside of us that
25:59if we don't have our own authority, we
26:02don't book our own loads.
26:04We don't do everything ourselves, we're
26:07not a true owner operator or we really,
26:10really are not our own business or our
26:13own boss. That's not true. And whoever's
26:16telling you that or if you ever hear
26:19that on YouTube or on any kind anywhere,
26:21don't believe it. It's not true.
26:24Yes.
26:25Is there a lot more freedom?
26:28It is. Is it a lot more of a headache?
26:31Absolutely.
26:33You got to keep up with your permits.
26:35You got to make sure you're paying your
26:37fuel card. You got to make sure you're
26:39putting away your You got to put away
26:40your taxes anyways here, but you got to
26:42put away your taxes. You got to make
26:44sure your payments are coming out for
26:46your insurance. You know, you got to
26:48sign up and you got to
26:50send over paperwork to your factoring
26:53company, you got to make phone calls to
26:55your dispatcher. If you don't have a
26:56dispatcher, you got to spend all day
26:58looking for your next load. This is a
27:00fact. I've done it for 2 years and it's
27:03miserable. Never got a chance to watch
27:05any movies while I was out on the road.
27:07Even when I was at home for home time, I
27:10was digging in the load board trying to
27:12find my next three loads so I can stack
27:14them. So, when I came out from home
27:16time, I was ready to go. That could take
27:18a day, that could take 2 days. When
27:20you're at home trying to spend time with
27:21your family, your dogs, and your kids,
27:24and all that, and you're sitting there
27:25spending multiple hours looking for
27:28loads and trying to stack loads and set
27:30up loads from you going from point A to
27:32point B, from point B to point Z, and
27:34point Z to point D.
27:36And not only that, all your yearly stuff
27:38that comes around.
27:40And so, there's there's just so much
27:42stuff
27:44and responsibility,
27:46it takes the life out of you. Now,
27:48you're you'll be better uh equipped to
27:51handle something like that if you have
27:53like a wife that's in it with you 100%.
27:55She takes care of all that and you out
27:57here driving, she takes care of all the
27:59paperwork and everything else. That's a
28:02team effort. You can make it like that,
28:04but you still have to have the capital
28:06get to get started. If you don't have
28:08the capital, like I said, you go get a
28:10truck, get your 2290, and get signed on
28:13with the company.
28:14It's that simple.
28:15Like I told you, over here at Oakley,
28:17they take care of everything. If you go
28:19back and look at some of my videos,
28:21you'll see how much I'm making over
28:22here. It might not be what it is
28:25for an owner-operator
28:27with his own authority, but his cost per
28:30mile is way more than mine. So, he needs
28:32to make that money to make up the
28:34difference.
28:35But, you always got to find out what is
28:36he taking home, actually taking home
28:38after all his yearly, after all his
28:41monthly expenses, after all his fuel.
28:44And that's another thing, you got to get
28:45a fuel card and fuel cards that you get
28:48from either the your factoring company
28:51or wherever you get them from, the
28:53discounts aren't that great because a
28:54lot of those companies
28:56are built to earn money
29:00off your off your fuel. So, instead of
29:02giving you they might give you let's say
29:04at a fuel station they give you 30 cents
29:08off on the on the fuel.
29:10Bro, they're getting like 50 cents off.
29:12So, every gallon that you're pumping
29:14they're getting 20 cents. Now, just
29:15think if they had 5,000 people
29:18using their card.
29:21How many How many 5,000 people how many
29:23people are pumping per day? And they're
29:25they're they're yanking 20 cents off of
29:27their what they're pumping and paying
29:29for. But, over here at Oakley they give
29:31you the full discount. You get You get
29:33the whole discount.
29:35They're not pulling anything out. So,
29:37when you when it it comes down to it,
29:40how much are they really taking home?
29:41About the same as I do or the next man
29:43or the next man that signed on with a
29:44carrier? You got to think about it.
29:47Got to swallow our pride. It's still an
29:49owner-operator. This is not a lease
29:50purchase.
29:52You know, and there's I'm not knocking
29:53any lease purchase, but there's there's
29:56you know, you truly never own own the
29:57truck. You might be on a $1 buyout, but
29:59the $1 buyout is for a 2019. It's
30:02already got 800,000 miles on it.
30:05You know?
30:06They're trying to When you have a decent
30:08truck and you got a new model and that
30:10and that lease is almost up, it's not a
30:12dollar buyout.
30:14It's not a dollar buyout. You're going
30:16to pay on top of that. So, it's just
30:18like buying a truck, but
30:19trust me, when you're paying
30:22$1,200 to $1,400 a week
30:26for your truck payment on a lease
30:27purchase,
30:29you can go get your own truck and you'll
30:31pay 2,500
30:33for the whole month. If you go lease
30:35purchase,
30:36you're paying $1,200 to $1,400 a week.
30:39How much is that? 4,800 to 5,200.
30:434,800 to 5,200. If you just go out and
30:46buy your own truck and just go for it,
30:48you'll be able to save yourself another
30:50couple thousand dollars versus going
30:52lease purchase.
30:54It's not as hard as you think. You'll be
30:56surprised. Once you have the truck,
30:57you're like, "Oh I really got my
30:59own truck."
31:01And you start yourself
31:02because now whatever you thought was not
31:06possible is now possible and it is
31:08actually came true. You have the truck.
31:10It's sitting in your driveway and you're
31:12ready to rock. Now you're like, "Oh, I
31:14didn't even I didn't even think I would
31:16even get a truck." But now you got a
31:18truck. Don't be scared. Face your fears.
31:20Go for it. The worst thing that can
31:22happen is you walk into a dealer and
31:24they tell you no. You know what you do
31:26after that? You go to the next dealer
31:28and see what he says. You know what you
31:30do after that if he says no? Same thing.
31:33Until you find somebody that's willing
31:34to work. It's like we got two new
31:36recruits.
31:38So, two new guys in orientation.
31:41And they both got their
31:43trucks from Arrow Truck Sales.
31:46Easy to get into a truck, guys. I don't
31:48know why
31:49you guys think it's so difficult.
31:51Oakley works with these guys and
31:54look at those trucks. Beautiful.
31:56Especially for your first truck.
31:58Can't complain about that.
32:00Dealers out there that have banks that
32:03take more of a risk. Yes, if you're
32:06looking for a 2.9 APR on your on your
32:09semi truck, it's not going to happen,
32:11especially if it's your first truck. So,
32:13just swallow it. It's usually like 19,
32:1615, 12, 11, just depending on how good
32:19your credit is.
32:21But you got a truck and you're making
32:23tons of money and you're making more
32:25money than you are as a company driver,
32:28a lease purchase driver,
32:30or whatever or whatever you're doing
32:32right now. So, think about it. You know,
32:35just go for it. With that all being
32:37said,
32:39if you seen my other videos, you know
32:40how much I'm making here at Oakley. If
32:42you haven't seen them, go back and look
32:44at them. I usually come out with one
32:46every month showing my statements or
32:48just showing how much I made for the
32:50month. If you're really interested,
32:52reach out to me.
32:53I'll put my email right here. It's
32:55[email protected].
32:58I'll also put it down in the description
32:59below. I've had tons of people already
33:02reach out to me
33:03and I've got them connected with Oakley.
33:06The best recruiter at Oakley is my
33:08recruiter. Everybody that calls me will
33:11talk to him. Give it a shot. Don't be
33:14shy. You ain't got nothing to lose.
33:16Why are you continuing to put yourself
33:18through a situation where that you don't
33:20like? Now, if you like your job, you
33:22know, disregard all everything that I'm
33:24saying. I'm not talking to you.
33:27I'm glad you're here, but I'm not
33:28talking. I'm talking for the people that
33:31are just stuck where they're at and they
33:34feel like they can't move or they can't
33:36grow or they can't move on from the
33:38company that they're already at. It's
33:40time to wake up. And on top of that, you
33:43already know the fuel prices are getting
33:45crazy. So, you need to be somewhere
33:47where you're getting a good fuel
33:49discount.
33:50And speaking of fuel, Oakley
33:54thrives when the fuel prices are high
33:57because all the mom-and-pop trucking
34:00companies
34:01can't run when the fuel prices are super
34:04high. So, Oakley
34:07their freight or their raw material, all
34:10the stuff that we pick up
34:12starts moving. We get more loads than we
34:15can handle. So, we need more people over
34:18here to be a part of that. So, like I
34:21said, reach out to me, vlogpermile. When
34:23you do that, leave your name and your
34:25number.
34:26I will reach out to you personally.
34:29I call personally and I talk to you
34:32first. see if it's something that you're
34:34really interested in, and once that
34:36happens, I I hand over your information
34:39to my recruiter, and he calls you and
34:41sends you even more information. Um like
34:44I said, there might be other places that
34:48pay more,
34:50but nobody's telling you.
34:52And not only that, even if I knew
34:53somewhere that that paid more money, I
34:55just like the environment here. And I
34:57know a lot of truck companies say that,
34:59"Oh, we have a family environment."
35:02This is, I mean, a thousand
35:04owner-operators, and when you walk in
35:06that office, they know your name.
35:09Come on, man.
35:11It's nothing like it.
35:12Everybody's real kind. Oakley drivers
35:14help Oakley drivers. Busted down on the
35:16side of the road, you know, we all help
35:19each other. You know, it's a family. Not
35:22everybody gets along, but for the most
35:24part, all the drivers here are family.
35:28And if that's something you're
35:29interested in, then I'm telling you,
35:30man, reach out to me. Anyway, we're
35:32going to bust down on this note. So, I
35:34went ahead and I dropped those uh
35:36aluminum cones down in uh down in Axis,
35:40Alabama.
35:42After that, I wrote I went up to
35:43Alabama, another spot in Alabama, and I
35:45picked up uh I picked up some
35:47lightweight.
35:48That's going over here to uh up in
35:51Arkansas. I'm going to drop that off.
35:52Most likely, I'll go home, but knowing
35:55my dispatcher, we'll grab something for
35:58me to take home so I can drop off on
35:59Monday.
36:01And I'd like to say thank you so much to
36:04everybody who subscribed, liked, and
36:08commented on my videos. I truly love the
36:11interaction.
36:12Um and I'll continue to to respond to
36:15all those uh comments and questions as
36:18much as I can. As the channel grows,
36:20it'll be harder to do that, but we'll
36:22figure it out some way. So, until then,
36:25be safe out there, and I'll see you guys
36:27next time.

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