Ok, these are just my opinions as is all other information on this site, so consult with experts in the perspective field of any area I speak about before taking my advise. (And use common sense)

Now. Since that's over with, lets continue . . .

Start Creating Wealth

A trucker's life offers amazing opportunities to start creating wealth. The sooner you start creating wealth, the younger you will be when you can kick back and relax in financial freedom enjoying all life has to offer you and giving back to others in need.(Whether financial or otherwise.)

You can ride the left lane in that RV like its Sunday evening everyday of the week if you want! (Just don't do it in front of me. Stay in Florida with that!)

You won't have to stress about social security (which may not be there for you in 20yrs), or your future health expenses if you began to plan and develop good habits now. Start creating wealth now for the true American Dream experience. You will be able to enjoy life with family and friends, and help others in need. It is then that you live rather than exist.

To reach this level you need to be disciplined, dedicated, motivated, and focused. It is a goal that is attainable by anyone with the ambition to bring it into fruition.

Living a truckers life gives you a great opportunity to create wealth especially if you are single and just out of school. If you are already a truck driver and on the road relax, you can still use trucking to create wealth. Just continue to read this page and see where you are in your journey, you may or may not need to make some changes in direction or way of thinking.

Start Creating Wealth, Not Bills

If you are just starting out driving, why spend money on a house you will hardly stay in? Save that rent money, electric bill money, and please don't buy cable or other high priced services for the few days you will be home if it is your intentions to create wealth. That money will serve you better paying off your debts, creating/building credit, or saving for investments.

Find Someone Who Needs a Roommate

You would make the perfect roommate for someone. They should charge you a small flat rate because of the fact that you will be gone most of the time and use minimum electric and water.

If you have no one to work with you on this arrangement, a hotel room for a weekend out the month is cheaper than renting for a month and paying electric, water, and cable. Plus, you would only incur a charge if you actually need a room. If you want to stay out and make money you won't be paying for an empty house.

Take a load with extra time to deliver if you need a break and get a room at or close to your delivery location.

If that's not good enough for you, get a boarding room.

Think Ahead. Don't throw away money on the road

When you become a truck driver get the things you will need before you go on the road. Make your list of items so that you will not forget something when you go shopping and pay way too much for it at the truck stops.

When you start driving, take your food with you. This is cheaper than buying food in the truck stops and its much healthier. (If your sick, you can't drive, if your not driving, your not making money. You can't create wealth like that!)

Healthier eating habits plays a significant part of your big picture in many ways.

If you do get caught out on the road needing more than 1 item, ask ahead on the CB if you are in unfamiliar areas about Wal-mart sightings. They are more popular than UFO's, I guarantee someone will have seen one nearby. There is always truck parking at Wal-marts at the end of the lot or at the truck delivery area.

Truck stops aren't evil but they charge for convenience.(and they should) It's up to you to plan ahead so that you don't spend there unnecessarily.

Prepare A Budget

Prepare a budget so that you will know exactly what you are doing with your money. Don't let the thought of doing a budget scare you,it doesn't have to be anything fancy, just grab one of these forms to use as a template. . .

Step 1: Save Your Money

Start 5 bank accounts. Either online or in your community. Here is a comparison done on some

high yield savings accounts online and some other useful information about money. Skeptical about online banking? Check out this

information about banking online. You'll get 3 times more interest (if not more) on your money with an online bank. The Flying J Truckstop's has internet banking too. Note: You don't have to have that many, if you are good with your discipline in saving and budgeting then you can do just 2 accounts. Or just do it your way. I am just making a suggestion if you need a little help getting er done separating your money and keeping it from hitting your hot little hands is an effective technique.

Ok back to business

1. One savings account for your Emergency fund. 3-6 months of your living expenses. I use a local community bank for this account. You could also use a credit union with low fees.

2. One saving account for retirement this will be your Roth IRA or whatever you and your financial adviser decides for your goals. If your employer offers a 401k max that out for your retirement account. I use a local community bank for main savings. Lower fees and relationship building. Could also use a credit union which may be better do your own comparison.

3. Open a checking account to pay your bills out of. I recommend this account to be with a large bank. I use Bank of America. The only reason, I say that is because of easy access all across the country. As a trucker this convenience has been a plus to me more times than I can count. I have pulled up on a Bank of America with access by truck in awkward places. You won't find that with many smaller banks. However, if you are perfect in planning and paying everything ahead far enough to avoid unexpected things it should help you eliminate the need for that type of access. (Obviously that is something I am still working on getting right! Hey, I am human. At least I know my weak areas!:-) Or you could use the Flying J's Institution too.

4. Open a checking account for money you will be saving to invest. As you read and learn more about your interests, money, business your will start to recognize opportunities to flip your money. For much greater return above anything you could do in a bank. This is how you will create wealth. You are waiting for a steal not a deal. Until then just keep putting money in this fund. DO NO SPEND IT ON ANYTHING MATERIAL THAT WILL LOSE VALUE.

5. The next checking account will be what you use after you put your money away in the other accounts. This is where the money comes from for going out to eat the movies, etc.

Automatic Draft

If you can get automatic draft from work, having a set amount go straight into your accounts is a very useful tool. (As a trucker you might want the set percentage of your checks and not a specific dollar amount because every week is not the same amount unless you have a dedicated route.) It eliminates the temptation of spending when you cash your check cause it never reaches your hand. The only money that you should be spending is the money allocated for spending in your budget.

(Remember: emergencies or unexpected events is what most commonly sends families into a downward spiral. Being prepared could mean the difference between a cycle of poverty and building a solid foundation for a bright future.)

Step 2: Your Bills and You

Do not create another bill for yourself that you don't really need. I said need not want. You are serious aren't you.

Discontinue all current expenses you have that are not necessary also. I would say 90 percent of us are wasting money monthly on some unnecessary expense. Sometimes it to keep up with the average household or even what's normal for most Americans.

Well truth is most Americans are not actually focusing on creating wealth like you are, they just work to get a check to spend on what make them feel good immediately, so you can't behave like average Americans. Unless of course you want average results. Do you need cable? NO. Do you need all that over priced rental furniture? Not really, it's just nice to have. If you are single do you even need a house or apartment as a truck driver? No I said need not want. You are serious aren't you? That money could be going into investments to create wealth.

Pay off your debts. Start with your smallest highest interest bills. Work your way up. As you get rid of your bills apply the money to the next bill your paying don't go and spend the extra money on stuff. You are setting the stage for building your credit up, this will be an important part of creating wealth.

Discontinue all current expenses you have that are not necessary also. I would say 90 percent of us are wasting money monthly on some unnecessary expense. Sometimes it to keep up with the average household or even what's normal for most Americans.

Well truth is most Americans are not actually focusing on creating wealth like you are so you can't behave like average Americans. Unless of course you want average results. Do you need cable? Do you need all that over priced rental furniture? If you are single do you even need the crib as a truck driver? That money could be going into savings for investments to create wealth.

Pay off your debts. Start with your smallest highest interest bills. Work your way up. As you get rid of your bills apply the money to the next bill your paying don't go and spend the extra money on stuff. You are setting the stage for building your credit up, this will be an important part of creating wealth.

Step 3: Build Your Credit

You want to get your credit in the best shape as possible. Your goal is to get a score of 700 or better. You can get free credit score reports at www.annualcreditreport.com.

If you don't have any debt, that's great. (You're a rare species, lol. )

However, if you have never had debt you probably need to build your credit.

If your credit score is lower than 700 (like mine was) you need to establish a credit history and build your credit. If you have never had credit apply for a few credit cards until you are approved for 2.  

Try to get cards that you can use for needed purchases like gas cards or a regular credit card to buy food. What you will do is use them for the purchases and pay the all of the most of the balance each month.  You want to keep a small balance but you want to keep a very low balance. You never want to keep your card maxed if you want to build your credit.  You also are not doing it to rack up credit card bills.  It is nice to pay it all off because then you owe no one but I think your credit score increases better if you have a small balance to pay every month. Leave a $10 balance outstanding.

(Disclaimer:  I am not a financial advisor.  This is not financial advise.  This is what I did and my credit score is now 730.  It is August 2016 now)

If you can't get approved for a regular credit card try one with your bank secured by your deposit in that bank.

(Our country will experience serious problems with credit in the years to come, getting your credit right as soon as possible will be well to your advantage. If you're a parent begin teaching your children now about building credit. In fact let them witness you on your journey.)

Step 4: Invest

Remember that account you've been building for investments?

Here's when you start creating wealth.

The whole time you are saving and driving you should be learning and searching. Think of your experiences, your hobbies, your interests. What things are you good at that you enjoy?

  • Could other people use the knowledge or skills that you have mastered.
  • Is there valuable information you have that someone else, business or individual would benefit from?
  • Is there some way you can help people to better themselves or make better decisions?
  • If you can think through this paragraph and come out with good ideas to pursue then you may be able to build a solid foundation to create wealth.

Just driving will not create wealth for you.You could make a lot of money, yes.  (Different ways to define 'lots of money')

You will have to take it to the next level by investing what you make and save as a driver in either you, your ideas, your hobbies your experiences or what you love. IF you don't know enough about what you love, learn more so that you can make money doing what you love.

If you are a die hard trucker for life then you may be interested in starting your own trucking company. If that's the case you need to be soaking in all the information you can about making that happen. It's a risky business with little room for bad decisions because there is already too many things that could go wrong.

(For instance, if you buy several trucks you need quality drivers that think the way you think.) You WILL NOT start a successful trucking company with bad drivers. That is probably the biggest headache of current established trucking companies, but they have plenty of money to fall back on. They can take those lost contracts and destroyed trucks for a little while.  You won't have that cushion.  So you have to be more careful and methodical about the type of drivers that you hire.

I will give you a pointer.  Create a list of questions for the driver to give you an idea of how that person feels about

  • job performance
  • personal development
  • self responsibility
  • time management
  • effective communication

That helps you to end up with a quality person to drive for you.  In fact I put a course together to help all drivers improve in all of those areas and more...right now this is available on udemy TruckingJobs 101

Non the less, if you are interested in creating wealth by trucking itself (maybe start your own Trucking Company) you need to make as many contacts as possible in the trucking industry. You also need to be learning about business if you want to buy trucks and start a trucking company.  As well as freight brokering You also want to develop good habits like eating healthy cause you will need to focus your attention on the business not doctor visits.

(If you are in high school and have these plans, your local community college may offer a transportation curriculum, these classes will give you a solid foundation about key parts of the industry.)

That would be beyond my scope of expertise but I saw a book somewhere that covered a lot of information including those aspects of trucking. I will find it and put up a page for trucking resources in a minute. (Not literally in a minute but you know what I mean).

Other Ways to Use Trucking To Start Creating Wealth

I may have had a different thought in mind apart from what you were thinking when you read, "Use Trucking to Create Wealth." You may have been thinking about getting the money to create wealth from driving itself. While I see driving as giving you the perfect opportunity and tools to apply yourself to create that wealth in beyond trucking.

Why You Say?

-You have free time to learn while your driving. (Earn while you learn)

-If you're young and single you can be saving by the ways I described above for retirement and for investing.

-You can develop good habits in an environment that you basically create for yourself so there should be minimum distractions. These good habits will save you money from hospital visits and by planning ahead in other areas.

Some of the other ways to create wealth by way of using trucking as a tool if you don't have your own interest to pursue is Real Estate and or the internet.

Both are recession proof. Both have the illusion that it takes some kind of wizard with born knowledge in the subject matter to profit. This is good because it keeps everyone and their mother from doing it which would over saturate the market and kill the profit!

Really all it takes is

1. Getting the information that guides and teaches you what you need to know.

2. The ability to follow what others have done, combined with how it best fits with your personal situation.

3. It takes the discipline and dedication to apply yourself to follow through with what you learn that you need to do. (Knowing is not doing, doing is doing. I heard that somewhere. lol)

Find your calling, make it your passion and rise to the challenge. Never mind the distance it seems you will have to reach. Your dreams are always within your reach. Will you reach high enough or decide it's too far to stretch. Step beyond your comfort zone. The choice is yours.

Let others keep wasting time complaining about how things are while you focus on how you plan to make things the way you want them to be.

Hervy a.k.a The Crazy Trucker

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