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Jan 08, 2021 • Carriers

How to Grow Your Hard Earned Money in Trucking

How to Grow Your Hard Earned Money in Trucking

There are at least 3 ways to “grow” one’s hard earned money in trucking:

1. earn more for what you do as a trucker;

2. earn a second income from the cab of one’s truck; and

3. put your money in an investment that lets it grow while you’re driving.

The majority of truckers are paid by the mile or by the task, meaning that they are trading their time for money.

There are a lot of “time wasters” associated with trucking, including:

  • detention at shipper and receiver locations;
  • waiting for loads;
  • road construction;
  • bad weather and storms;
  • bottlenecks and congestion;
  • mechanical breakdowns;
  • accidents (both preventable and not preventable); and
  • time that the Hours of Service regulations force truckers to wait without getting paid.
  • Seek to reduce or eliminate as many of these time wasters as possible.

    Regarding earning more money for what you do, you can:

  • make yourself available to drive during all hours when you legally can drive;
  • develop a good relationship with those in your trucking company who assign loads, including your driver manager;
  • develop good relationships with mechanics in your trucking company’s shop, so that they will perform maintenance or repairs on your truck in a timely manner;
  • be friendly with everyone with whom you come in contact, including guards and lumpers;
  • work for a trucking company that values your experience and will pay you accordingly; and
  • perform with excellence all of the tasks assigned to you, so that you will develop a good reputation and be worthy of getting more miles or being assigned higher paying tasks.
  • Seek to pay off all that you owe as you buy things, so that you don’t have to pay credit card interest.

    If you don’t have a budget, begin by using our “spending diary” (free download) for a minimum of 30 days so that you track where you are spending money.

    From there, set up a budget, including what you save.

    When the time is right, put your savings into:

  • either an interest-bearing account of some kind;
  • or investments that are most likely to grow.
  • Two ways to save more money as a trucker include:

  • preparing and eating as many meals as possible in your truck; and
  • resisting the urge to spend money on non-critical things.
  • We provide 35+ free downloads through our site.

    To get them instantly by email, sign up through the form on the page listed below and confirm your subscription:

    https://www.truck-drivers-money-saving-tips.com/free-downloads.html

    On behalf of my husband Mike and me, we wish all professional truck drivers safe travels and lots of money saving opportunities on the road.

    By Vicki Simons

    https://www.truck-drivers-money-saving-tips.com/