I was thinking the other day. I usually am. Being on the road allows me a lot of time to just think. It’s nice.
When you drive over the road you spend most of your time in your truck. Either driving or sleeping and even watching movies etc. Many truckers pay rent at an apartment that they hardly ever go to. So I thought about it and that’s just plain crazy. So what if you took that money and invested it. What would happen?
Well your average rent now days is close to $1,000 a month and your average electric bill is about $300 a month. Then you have other costs like gas and water etc. So if you lived out of your truck for two years you could save about $1,500 a month. So $1,500 a month for two years would be $30,000 and that’s assuming you got zero return on your investment. So how would it feel to pay for that brand new car in cash and never make a payment? What would your life be like if you took that $30,000 and paid all your debt down to zero? What about that dream vacation? A down payment on your dream house? Your kids college fund?
What would your retirement look like if you took that $30,000 and invested it?
Well let’s look at that last scenario real quick.
$30,000 invested for 25 years with an average annual return of 12% is…GET READY
$510,000
What would that feel like? Great that’s the answer! This is just one reason being a trucker can be so rewarding.
Now in all honesty if you budget your money right you could save about $50,000 in two years. Reason being is your only real expense is food. So if you could be a tightwad for two years lets see how much you could save.
GET READY
$850,000
Would 850k make your retirement better?
Bo Murphy is a 22 year veteran of the trucking industry. He is a high paid truck driver and the author of a new book ” How to make $100,000 during a Recession as a Truck Driver”.
For Trucking Jobs go to http://www.moneymakingtruckdriver.com
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