Ok guys, this thing is racking my brain. Let me run by this scenario and see what you guys think and let me know what I am missing. I am looking seriously at hauling containers with the hopes of running lanes that will give me adequate home time. I ran 48 states with Tmc and other than not making the salary that I had anticipated, I think they were a decent outfit to work for, plus I learned a lot about load securement. I also left on good terms and was told I can return, however I want to consider the following;
** Buy and pay cash for a Truck w/warranty. (Hopefully it will be last until I retire)
** Log approx 2500 miles per week at 1.35 per mile. (lets say fsc included) Total gross=3375 per wk
** Lets say I get 5.5 mpg, so I use 454 gal. per wk in fuel at a cost of 3 per ga. (lets hope it goes down)
...so thats 1363 per wk in fuel cost
** 3375 less 1363= 2012 dollars
** Lets say I deduct 600 per wk for 48 wks( 28,800 pr yr) to cover maint, rprs, any and all taxes, insurance etc.
** Remember I am retired Fed service so I do not need any benefits per say, other than I will deduct x amount evry month and stash in my 401k.
** So basically given the above scenario, my net pay for the week would be 1412 dollars. I would take out 400 dollars per week and divide this up between savings and 401k.
** I would like to do this for approx 7-8 yrs and hopefully I can roll whats left of the 28,800 per year of the maint/rpr fund over for a surplus every yr until retirement.
What do you guys think honestly ? Am I missing something here ? To me at this point it does not seem too bad given the fact I am currently drawing a monthy federal pension and just need to supplement it.
Thanks in advance for any/all input !
Joe (Back on the Road)