Does anybody live in their truck.

I started in this racket nearly 30 years ago... You like your mom? Visit her on your days off. Don't like her cooking, get a Hotel room. Meanwhile, bank your money and no big purchases. Living with your mother/parents is not that big of a deal in this racket, and it sounds like you are doing right by her and taking care of the finances. Don't let peer pressure ruin your future. Do this, and you can pay cash for a house.

 

I know a guy that did just that. He was single and quite a few bills (including back child support payments) and hit the road about 7 years ago.

His mom lives in Atlanta, dad & siblings live in Brooklyn. He would stay out for weeks at a time, visit and stay with his for a few days and dad & siblings other times.

He was able to pay off all his debt and bank over 50k, plus 401k contributions. He now is working a regional position, has his own place in Atlanta now and is happy as a lark.

 

Been living in my companies western star with a 44 inch sleeper for the past two months.

I was staying with friends but the drive into town was getting old , easier to just stay in the truck on my days off

I just bought my own semi truck so I could deck it out the way it needs to be,after living in this one for two months I know how it needs to be setup. but I’m pretty comfortable in this one

 

When people make fun of living with your mom ask them what they made last year. No more than you are home it's the smart thing to do.

 

Just remember, your mom ain’t going to clean the inside of your truck.
Some garbage dumpsters are cleaner than some of these trucks!

 

Just talked to a company that pays well but they have strict rules. Leave a truck dirty and it's a $500 fine. Have an accident that's your fault and you pay the first $1500.

 

How is it possible to run up unpaid property tax. Here in Arkansas you are assessed one tax for the home, lands, and vehicles. (Personal property etc) you have that fiscal year ending next Oct 1 to pay it. If you own the home you generally know what that tax will be annually. Ours was around 350 annually. It's no problem paying that little bit compares to thousands back east.

Your mortgage is a certain amount each month. Multiply by 12. Double it into savings. That way you will be a year ahead in mortgage with savings for another year. OR given half the time of term you will be mortgage free in half the 15 years or whatever. We were clear in 6 years, Trucking provided that last kick to pay them off in 4 months. Poof paid.

 

Here is what I would do.

But a home or a rental property, hand it over to a management company, have them rent it out and take care of it.


Run your truck and stay with your mom when in town. If you are close with your mom I doubt she’s going to say no.

Do your thing for a while or as long as you can. When time comes to retire, your home is already paid off and you have a nice savings account.

If able to purchase a second home or property to rent it out then this becomes a source of income while retired.


Think of the bigger picture.

I’m on that mission now. Already own my own home now, technically bank owns it until it is paid off but I’m working towards purchasing my first 4 unit complex. If I can do this for 20 years I’ll be set.

A retired income of 2-3k a month per 4 unit complex is not bad. Depending on how many I am able to purchase in the next 20 years and if my home is paid off or not including the properties.

For the next 20 years i will be a very stingy person. Save every nickel and dime and live out of my truck when I’m on the road.

 

Many drivers live in the truck. I met one guy that had been living in a truck for 7 years and loved the life. He was banking lots of money every year.