Owner Operator - More Loss Than Profit

!±8± Owner Operator - More Loss Than Profit

In the world of truck driving, many newcomers are lured into the realm of becoming an owner operator. Given the choice of earning .34¢ per mile or .15 per mile, it is not difficult to understand why someone would choose the route of higher earnings. At 2500 miles per week, the difference of 25.00 extra per week deserves attention. However, when dealing with professional truck driving jobs, you must deal with reality.

In an industry where the driver averages 100,000 miles per year, an owner operator compensated at .15 per mile is looking at grossing 5,000.00 annually. Compared to the average company driver at .34¢ per mile, their annual gross is a mere ,000. Why would anyone choose a ,000 yearly income more than 5,000 while performing the same duties?

Although owner operators are declining, there are still those companies that advertise proudly that they are a 100% owner operator fleet. Some have even raised the compensation to an enormous .50 per mile. At 100,000 miles per year, you are now facing a gross income of 0,000 per year! As a newcomer searching for a new career and a company willing to place you in "your own truck," the excitement of earning that kind of money is hard to turn down. You want the freedom . . . you want your own business . . . you want 0,000 plus per year. It all sounds great. Now, let me take you to reality.

Owner operator lease programs are a way for new drivers to "own" a truck. The driver is responsible for all expenses, including fuel and repairs. Although there are some who do well with it, the majority of these owner operators will fail. To me, a lease owner operator is nothing more than a glorified company driver. Let's take a look at a profit and loss analysis sheet for an owner operator and a company driver, and you be the judge:

________________________________________________________________________

Company Driver: Profit and Loss - Based on 100,000 miles per year

Compensation : .34¢ per mile = Driver's Gross income - ,000 Misc. Expenses, including meals @ 5.00 per week = Total Cost - 00 *Tax withholdings @ 15% = Annual deductions - 00 Company Driver NET annual income = ,400.00 Company Driver NET weekly income = 0.77 *Tax withholding is estimate only at 15% average And now . . . the "owner operator": Owner Operator: Profit and Loss - Based on 100,000 miles per year Compensation : .15 per mile = Driver's Gross income - 5,000 Truck Payment @ 1,333.35/month = Annual Cost - ,000.20 Collision/Comp. Insurance = Annual Cost - 00 Bobtail Insurance = Annual Cost - 4 Licenses = Annual Cost - ,835 Permits = Annual Cost - 5 Accounting Services = Annual Cost - 5 Tractor Fuel = Annual Cost - ,397.06 Truck Wash = Annual Cost - 1 Telephone = Annual Cost - ,624 Meals = Annual Cost - 00 Tolls = Annual Estimated Cost - ,275 Taxes (Road, Use, Fuel) - ,755 Taxes (Personal @ 15%) - Annual Cost - ,250 Misc. Expenses - Annual Cost - 0 Maintenance @ .06¢ per mile = Annual Cost - 00 Total Income to Owner Operator = 5,000 Total Cost of Operation = 1,191.26 Owner Operator NET annual income = ,808.74 Owner Operator NET weekly income = 5.55
________________________________________________________________________

The figures speak more loudly than words. This analysis is also based on the fact that everything goes just as is. A few tires blow out . . . a blown engine . . . and you are now in the red. It is not difficult to understand why the trucking companies love the lease owner operator. 100,000 miles per year at 60 MPH will take you 1666.66 hours to drive in a perfect world. This owner operator's net annual income shows that they performed this hard, difficult life for .28 per hour.

The "freedom" of being an owner operator is a myth. Turn down a load or "head home" whenever you want, and see how long the company will make you sit afterwards. As a company driver just drive . . . without the headaches and expenses associated with the owner operator program. If over the road truck driving is in your plans, think hard about the possibilities that await you. Like everything in life . . . learn all you can BEFORE you begin the journey. It is imperative that you know the truth about trucking.

Owner Operator - More Loss Than Profit

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Mental Abuse - The 7 Most Important Things To Know

!±8± Mental Abuse - The 7 Most Important Things To Know

1. Sticks and stones won't break my bones" - and words won't leave any measurable physical damage, but they will cause progressive, long-term harm. Never underestimate the power of words: words are used to brainwash.

Being told you are "stupid", "ugly", "lazy" or "worthless" is never acceptable. The first times you hear it, it will hurt, naturally. In time you "may get used to" hearing it from a partner. That's when you start to internalise and believe it. When that happens you are doing the other person's work of putting you down for them. This is why your feelings of self-worth suffer increasingly over time.

The good news is that just as words have been used to bring you down, you can learn to harness the power of words to build you up and restore your confidence and belief in yourself.

2. You are always told that it's your fault. Somehow, whatever happens, however it starts, the ultimate blame is always yours. Notice that we are talking ultimate blame here. The blaming partner will always tell you that their behaviour was caused by what you said or did. In fact, their argument runs along the lines that you can't possibly blame them for anything, because if you hadn't said what you said, or done what you did it would never have happened.

3. You're more inclined to believe your partner than you are to believe yourself. Have you ever reeled with a sense of hurt and injustice, or seethed with anger at the way you've been treated? Have you found yourself asking: "Is it reasonable to feel like this?" "Am I misinterpreting things?" "Have I got it wrong?"

If this is you, what it means is that you have become so brainwashed you've stopped trusting in your own judgement. Your mind keeps throwing up the observations and questions because, deep down, you know that what is happening is utterly wrong. But right now you can't feel the strength of your own convictions.

4. You need your partner to acknowledge your feelings. Have you ever felt desperate to make your partner hear what you are saying and apologise for the hurtful things they've said? Have you ever felt that only they can heal the pain they've caused?

Does your need for them to validate your feelings keep you hooked into the relationship?

When a partner constantly denies or refuses to listen to your feelings, that is, unquestionably, mental abuse.

5. Your partner blows hot and cold. He can be very loving but is often highly critical of you. He may tell you how much he loves you, yet he is short on care or consideration towards you. In fact, some of the time, maybe even a lot of the time, he treats you as if you were someone he truly dislikes.

You do everything you can to make him happy, but it's never good enough. You're more like the pet dog in the relationship than you are the equal partner. Your constant efforts to get his attention and please him meet with limited success. Sometimes he'll be charmed, often he's dismissive.

If you find yourself puzzling about how your partner can treat you that way, it is because you are trying to live in a love-based relationship, when in reality you are living in a control-based relationship. The mental abuser struggles with his own feelings of worthlessness and uses his relationship to create a feeling of personal power, at his partner's expense.

6. You feel as if you are constantly walking on eggshells. There is a real degree of fear in the relationship. You have come to dread his outbursts, the hurtful things that he will find to say to you. (Maybe the same anxiety and need to please spill over into your other relationships also.)

Fear is not part of a loving relationship, but it is a vital part of a mentally abusive relationship. It enables the abuser to maintain control over you.

7. You can heal. Mentally abusive relationships cause enormous emotional damage to the loving partner who tries, against all odds, to hold the relationship together and, ultimately, can't do it, because her partner is working against her.

Whether you are currently in a mentally abusive relationship, have left one recently, or years later are still struggling with the anxieties and low self-worth and lack of confidence caused by mental abuse, it is never too late to heal.

But you do need to work with a person or a programme specifically geared to mental abuse recovery.

Women who have suffered mental abuse expect radical change of themselves, and they expect it right away. This is why they often struggle and, not uncommonly, take up with another abusive partner.

Mental abuse recovery is a gradual process. Low self-worth and limiting beliefs about what kind of future the abuse sufferer can ever hope for are the blocks that can stop women from moving on. But they are blocks that you can clear very effectively. Just as language was once used to harm you, you can now learn how language can heal you. You can overcome past mental abuse and keep yourself safe from it in the future. You can also learn to feel strong, believe in yourself and create the life and the relationships you truly want.

"The Woman You Want To Be" is a unique workbook designed to accompany you on a year long journey into emotional health and happiness.

(C) 2005 Annie Kaszina

Mental Abuse - The 7 Most Important Things To Know

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What Is A Sandwich Lease?

!±8± What Is A Sandwich Lease?

A sandwich lease may seem a bit complicated at first. It also doesn't necessarily work well in all areas. However, when it does work, it is a great way to invest in real estate without much cash.

This technique has been used for a long time, but is still relatively unknown among investors. Essentially, you lease a property with an option to buy it, and then turn around and rent it out to someone else, also granting them an option to buy it. Their rent is higher than yours, of course, and their purchase price is as well.

A Sandwich Lease Example

You find a seller that has had some trouble selling his home. He has already moved, and has no immediate need to sell. He wants 2,000 for his house. You offer to lease the home for two years if he will also grant you an option to purchase it for 2,000 at any time within those two years. He likes the fact that you are offering full price.

You are honest and open with him about your intentions. You explain that you intend to improve a few things and sell the home for a profit. You will want the right to sublet the home as well. Here are the terms you finally agree to:

- The purchase price will be 2,000 - if you buy.

- You pay an option fee of ,000. It is non-refundable if you don't buy the home, but applied to the purchase price if you do.

- You will pay rent of 00 per month (the going rate).

- 0 of each rent payment will be applied towards the purchase price if you buy the home.

- You will be responsible for the first 0 of any necessary repairs each month. This means the seller won't have some of the usual headaches of being a landlord.

For the sake of this example, we will assume you are doing this in an area where real estate prices are rising quickly. This is where the technique will work best. If you have a list of potential buyers you are already in contact with, it works even better. Ideally, you want to have the place leased the day that you close on your lease, so you have no holding costs.

Your buyer is looking to lease a place because he may be transferred by his company. He would like to buy if he isn't transferred. You have the right place for him. Here are the terms you negotiate:

- The purchase price will be 2,000 - if he buys. You explain that at the current rate of appreciation, the home will be worth 0,000 in two years, which is when he will likely be buying it. Of course, he doesn't have to buy it. An option is just the right, but not an obligation.

- He pays you an option fee of ,000. It is non-refundable if he doesn't buy the home, but applied to the purchase price if he does.

- He will pay rent of 00 per month.

- 0 of each rent payment applies towards the purchase price.

- He will be responsible for the first 0 of necessary repairs each month. This means any costs beyond that are passed on to the seller as per your contract.

The lease period must be the same or a little shorter than yours, of course. Now let's look at the possible outcomes.

First of all, these kinds of leases are not that uncommon in some area of Florida, Arizona and California. Investors experiences in these places has been that the lessee often doesn't buy the property. What happens then?

You have no obligation to buy either. So if your renter doesn't exercise his option, you can let yours lapse as well. But where are you financially? You were paying 00 per month, and collecting 00, so after two years you have collected ,200 profit. You also lost your ,000 option fee, but kept the ,000 fee you collected, adding another ,000 to your profit. The owner is paying the insurance and taxes, and the renter the utilities, so you had no substantial costs.

Your total profit was close to ,000 if the property was rented out at the same time that you signed your lease. You had a temporary cash outlay of ,200 for the option fee and the first month's rent. But your renter gave you ,000 for the option fee plus ,500 for his first months rent. If you had to get a cash advance on a credit card for a month, it would cost you just or less in interest to make this a no money down deal.

What if your renter buys at the end of the two years? Your fee of ,000 plus ,400 in rent - 0 times 24 months - is applied towards the purchase, so you need 7,600 at closing (2,000 minus the credits). Your buyer is credited ,000 for his option fee plus a ,200 rent credit - 0 times 24 months. This means he needs 0,800 at closing (2,000 minus the credits). Closing costs will be around ,000.

You make ,200 at closing, plus you took in ,000 more for a fee as you paid, plus you made ,200 in rent beyond what you paid. That's ,400. After ,000 or so in closing costs, you have a profit of more than ,000.

I recently heard from an investor in Florida who did a deal just like this with a condo unit. In about 18 months he made a profit of more than ,000. In other words, this can be done. Where it is less common, it may be harder to convince the owner to agree, as well as the subsequent renter.

Naturally the owner could just do what you intend to do with his property, so why does he agree to this deal? Because you are the one that will take the trouble to do it. You are the one who has the renter ready. The seller just wants his problem resolved quickly - and you are the one with the solution - a sandwich lease.

What Is A Sandwich Lease?

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