|
|
02-28-2009, 12:35 PM
|
Administrator
Site Admin
Board Icon
Join Date: Feb 2005
Location: Tennessee
Posts: 17,097
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
That is good news, lowrange. I am glad things worked out.
|
03-01-2009, 01:30 AM
|
Senior Board Member
Join Date: Oct 2006
Posts: 2,079
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Originally Posted by lowrange
I tell you what, though, I'm improving my appearance. Like I said, I did a pretty decent job the first time around, but I'm going to tighten it up a little. There's nothing I can do to make my company stay in business, but I can beat a lot of O/Os on cost and in willingness to sit in Timbuktu waiting on freight. I can't make the company stay in business but I can at least try to be one of the last O/Os standing if guys start parking their trucks.
|
Great attitude. Good for you.
|
03-01-2009, 07:22 PM
|
Member
Join Date: Apr 2008
Location: rochester ny
Posts: 76
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Maybe the economy is rebounding 'cause I just started a new old job too! We all gotta work real hard to pay for the stimulus, bailout, bailout of the bailout, and anything else Washington is handing out.
|
03-01-2009, 10:29 PM
|
Senior Board Member
Thread Starter
Join Date: Jun 2008
Location: continental 48
Posts: 587
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Thanks Gman. Thanks Rank. It wouldn't hurt my feelings any if we had a post-winter rebound. Some of these things we're looking at in the macroeconomy might be years playing out. More time to get ready.
|
03-01-2009, 11:10 PM
|
Senior Board Member
Join Date: Feb 2004
Posts: 3,831
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Originally Posted by lowrange
More time to get ready.
|
To what? And if you need time, to get ready, you are already too late....
__________________
Pessimist,- is just well informed optimist!
|
03-02-2009, 12:05 AM
|
Senior Board Member
Thread Starter
Join Date: Jun 2008
Location: continental 48
Posts: 587
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Originally Posted by solo379
To what? And if you need time, to get ready, you are already too late....
|
I'm not debt free. My assets are significantly more than my debts, but I still owe about $14k at about 4-5%. So, paying that down is one thing.
Then, there are things I need to do around the house, things I need. And, I don't have a cash reserve, just a lot of readily accessible credit.
I only bought my truck and started working really consistently 3 years ago. I'm not where I want to be, but I know I'm in better shape than a lot of people.
|
03-02-2009, 01:36 AM
|
Senior Board Member
Join Date: Feb 2004
Posts: 3,831
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
I understand that. But do you really believe, that coming time, will let you prepare for anything?
Cause personally, i believe it's gonna be more like "surviving" time....
__________________
Pessimist,- is just well informed optimist!
|
03-02-2009, 02:00 AM
|
Administrator
Site Admin
Board Icon
Join Date: Feb 2005
Location: Tennessee
Posts: 17,097
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
There does seem to be a little positive movement in freight. It has a long way yet to go but any positive movement is good. I think we will continue to be in survival mode for a while. This situation will not go away over night. It will take time and I think we will see a slow recovery. Our taxes will increase contrary to what Obama and the chickencrats tell us. I would put back as much as you can and not rely on credit. The way things are going your credit may not be there when you need it. Good credit is no longer a guarantee that you will get the money you need when it is needed. I would not count on anything but the cash you have on hand.
|
03-02-2009, 01:55 PM
|
Senior Board Member
Thread Starter
Join Date: Jun 2008
Location: continental 48
Posts: 587
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
I hear you on survival, Solo. I don't know how bad it will get or how long it will take for us to bottom out. For all I know, we could reach bottom in 20 years. There could be a short term bump this summer- I just don't know. I just think it's important to get it while the getting is good, and be ready to adapt when it isn't.
Good point on the credit, Gman. I've always just taken it for granted.
|
|
|
|
|