February 5, 2023

Tips on how to Make Additional Cash as a Truck Driver

8 min read


Are you a truck driver on the lookout for some methods to complement your revenue? Or possibly you’ve got a special day job, and also you’re contemplating truck driving as a part-time facet hustle. No matter your scenario is, you’re no completely different than many others on this planet immediately. Inflation has hit all of us actually arduous, and it’s not really easy to dwell on only one revenue anymore. On this article, I’m going to cowl learn how to make more money as a truck driver.

Because you’re studying this text, you probably match into one of many three following classes…

  • You’re employed as a truck driver, and also you wish to make more money outdoors of the trucking trade by some means.
  • You’re employed as a truck driver, and also you wish to make more money in trucking by some means.
  • You aren’t employed as a truck driver, and also you wish to make more money in trucking by some means.

I’m going to cowl all three of those eventualities on this article. Hopefully, one of many concepts would be the proper match for you.

Many “methods to make more money” contain buying and selling your time for cash – as in getting a second job or a facet hustle. Nevertheless, there are additionally methods to earn a living that don’t contain buying and selling your valuable time! That is what is named “passive revenue,” and passive revenue is the principle focus of this weblog.

Passive Earnings for Truck Drivers

There are a lot of methods for truck drivers to earn passive revenue. I’ll rapidly spotlight only a few of these right here earlier than shifting on to the ‘additional job’ concepts. It’s essential to notice… most passive revenue concepts require that you just make investments a while or cash upfront with a view to create the passive revenue streams.

Passive Earnings Concepts for Truck Drivers

The primary two concepts require a big cash funding in case you want to earn any substantial passive revenue. The following two concepts require just a bit little bit of time funding to get arrange, after which the passive revenue is usually automated month after month. The final thought requires a big time funding – but additionally has the best potential for giant month-to-month payouts.

DIVIDEND STOCK INVESTING

Arguably one of many easiest passive revenue streams you are able to do is investing within the inventory market.

For a really small sum of money, you should buy shares in an organization that pays out dividends – after which sit again and watch for the earnings to roll in!

The more cash you’re in a position to make investments, the extra shares you should buy, which is able to equate to larger dividend payouts.

Click on right here to learn extra about Dividend Inventory Investing

Spend money on Fingers-Off Actual Property

If you wish to get in on the rental property motion however worry that your job as a truck driver will restrict your time to commit, then a Actual Property Funding Belief (REIT) is perhaps the reply for you. Crowdfunded actual property is one other in style approach to spend money on actual property the simple means.

A REIT is a really inexpensive means for on a regular basis individuals (such as you and me) to have the ability to faucet into the huge wealth of the property market. Investing in a REIT is nearly similar to investing within the inventory market.

Click on right here to learn extra about Investing in a REIT

One other thrilling approach to ‘hands-off’ spend money on actual property is with the crowdfunding methodology. Fundrise is a number one on-line platform within the crowdfunding actual property house. Not like most personal actual property investments, their low minimums provide the flexibility to speculate the correct amount on the proper time to fulfill your objectives.

Click on right here to learn extra about Crowdfunding Actual Property

RENT OUT YOUR STORAGE SPACE

The self-storage trade is large. Within the U.S alone, the common annual income for the self-storage trade is a staggering $39.5 billion! When you’ve got some additional house (storage, basement, attic, closet, shed, barn, and so on.) then why not take into account renting it out for some simple month-to-month passive revenue?

For extra concepts and to see what sort of charges you possibly can cost the place you reside, try neighbor.com and put your spare house to make use of.

Click on right here to learn extra about Renting Out Your Storage Area

CASHBACK CARDS

Some passive revenue concepts require little or no effort – and that is considered one of them!

Incomes money again in your common spending is an easy and assured means of producing passive revenue. In the event you’re not already doing it, then arguably this must be the primary tactic you utilize.

Click on right here to learn extra about Cashback Playing cards (and Factors Playing cards)

START A BLOG

When you’ve got a while at your disposal, then you possibly can construct your self an asset that can generate passive revenue for years to come back. Be warned, although – it would take rather a lot of time and vitality upfront.

Studying the fundamentals of beginning your individual weblog isn’t troublesome. The arduous half is staying persistent in creating content material after which determining methods to construct up site visitors by web optimization or social media advertising. Nevertheless, when you’ve spent a couple of years placing within the arduous work, the continued effort lessens whereas the revenue will increase.

Click on right here to learn extra about Beginning a Weblog

In the event you’ve appeared over our record of the 27 finest passive revenue concepts (together with the concepts talked about above) and also you simply don’t suppose that this passive revenue factor is for you… You then is perhaps higher off buying and selling your time for cash. This implies getting an additional job on the facet, generally often known as a “facet hustle.”

Gig Economy apps on phone

In immediately’s world, it’s simpler than ever to seek out methods to earn more money – so long as you’re keen to commerce your time for that cash. Buying and selling time for cash isn’t all the time a nasty factor. A technique to have a look at it… the extra time you spend at work (incomes cash), the much less time it’s a must to be out losing spending your hard-earned cash!

One other factor to think about is the kind of truck driving job that you’ve got. Are you an over-the-road trucker or a neighborhood truck driver who comes house each evening?

Facet Job Earnings for Over-The-Street Truckers

Over-the-road truckers may have to think about non-traditional part-time jobs to earn additional revenue. Listed below are some on-line facet jobs that is perhaps a great match for an over-the-road truck driver…

  • Transcriptionist
  • Content material Author / Freelance Author
  • Proofreader / Freelance Editor
  • Web site Tester
  • Photograph Editor

Facet Job Earnings for Native Truckers

For native truck drivers who work a extra “regular” schedule, the chances to earn additional revenue are limitless! Such a truck driver can get any kind of part-time job, whether or not it’s in retail (a gross sales clerk), in a manufacturing unit or in a warehouse, as a supply driver, within the service trade, or something in between! Listed below are only a few concepts from the never-ending potentialities…

  • Cashier at any native retailer on nights/weekends
  • Restaurant work (wait workers, cook dinner, dishwasher, and so on.)
  • Load/Unload vans (UPS, FedEx, Amazon)
  • Gig financial system employee (DoorDash, GrubHub, InstaCart, Uber, Lyft, and so on.)
  • Garden/Landscaping (minimize grass, rake leaves, shovel or plow snow, and so on.)

If passive revenue doesn’t appear to be the correct match for you AND you possibly can’t see your self working one other job outdoors of the trucking trade… effectively, fortunately, there are alternatives for you as effectively!

Once more, your choices could also be restricted relying on which sort of truck driver you’re. Nonetheless, there are all the time methods to earn more money.

Truck Driver - Volvo truck

In the event you’re caught within the cab of your truck throughout your “off” hours, it is perhaps a bit more difficult to seek out methods to earn more money. Listed below are a couple of concepts…

  • Lump freight – have you ever seen how a lot your organization pays these lumper providers? See if they are going to pay you to lump your load as an alternative! You can too provide your service as a lumper to different drivers who don’t wish to lump their very own freight.
  • Take hundreds with a number of stops – hundreds with a number of stops are likely to pay extra. Ask your dispatcher for extra LTL (lower than a truckload) runs with a number of stops. Ensure that it pays accordingly beforehand.
  • Promote provides or providers at truck stops – purchase & promote trucker provides for revenue (gloves, instruments, electronics, and so on.). In the event you’re mechanically inclined, you could possibly do minor truck upkeep gigs.

In case your hours are restricted at your trucking day job, and also you wish to earn extra as a trucker, there are alternatives for you too. There are a number of facet hustles with a CDL that you may take into account…

  • Package deal supply – it by no means hurts to test with a number of the massive canines to see in the event that they need assistance on a part-time foundation (UPS, FedEx, Amazon)
  • Native work for an OTR trucking firm – you is perhaps shocked on the want for part-time native drivers for a number of the over-the-road trucking firms. They could want trailers noticed or picked up from native companies or they may want freight delivered on nights or weekends at particular appointment instances.
  • Regional weekend runs – once more, in case you have weekends off as a neighborhood trucker (like I do), some OTR firms might need weekend runs that you may take. Not solely will you earn some more money, however it is perhaps enjoyable to take a weekend highway journey in a giant rig!
  • Dock work – different native trucking firms might need early morning or late afternoon dock work availability. Test with the main LTL firms in your space and see if the schedule works round yours.

In the event you’re already a truck driver, I hope the information and options above are sufficient to get you headed in the correct route so far as boosting your revenue.

Perhaps you’re not at the moment a truck driver, however the trade pursuits you, and also you wish to be taught extra by getting some expertise and publicity to the trucking career. What higher means than to get a part-time job someplace within the trucking trade?!

If you wish to get a driving job, you’ll most definitely have to receive your Commerical Drivers License (CDL) first. Test along with your state for necessities and to discover ways to get began. Many trucking firms will even pay to your coaching in alternate to your settlement to maintain working for them for a sure time period.

One other approach to get your ft within the door (as they are saying) at a trucking firm is to get considered one of many different jobs on the firm. Freight handlers (dock staff) are all the time wanted on the native LTL firms. Clerical workers can also be important for issues like billing and customer support.

Regardless of the case could also be for you, I feel you’ll discover the trucking trade to be actually enjoyable and fascinating. As a 20+ yr trucker myself, I can let you know that making a dwelling as a trucker has completely been the journey of my life!



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