How to Avoid Loneliness on the Road

It is easy to get swept up in your life on the road and neglect to make sure you are the healthiest and happiest you can be. Loneliness is a huge problem sweeping the nation of truck drivers, so we compiled a few ways to beat loneliness when alone on the road.

Planning Your Time When You’re Home

It’s pretty typical to get one to two weeks of being at home per month, so it’s important to make the most of it. While you’re on the road, think ahead for plans you can make when you’re home! It will you’re your time on the road more purpose and give you something to look forward to. Form plans with your spouse to go out and try a new restaurant, see a movie, or meet up with some friends. If you have kids, try to schedule time to pick them up from school and go somewhere fun like the park, a bowling alley, an arcade or a sporting event.

Get a Dog

More and more trucking companies are allowing drivers to bring pets on the road with them. It has been proving that truck drivers who being a furry friend on the road with them are healthier, happier, and overall more productive. Bringing an animal along with you adds a lot of other things to keep in mind, so be sure to research it more before making a decision.

Schedule Phone Calls

Before leaving for haul, create a calling or Face Timing schedule for you and your loved ones so that you can easily stay in touch. Investing in a smart phone may be a good idea for video calling, but if talking on the phone is enough for you then you may not need to worry about that! This will not only help you to stay less lonely, but will also make your loved ones happier as well.


Radio Secrets that will Keep You Awake the Whole Road Trip

Music is a must when it comes to long road trips. But, when road trip hours get long, it’s hard to stay awake even when your favorite music is playing. How do you combat your fatigue? Use your radio to your advantage!

Check out these radio tips to ensure you’re alert throughout the entire road trip:

Keep it Loud:

When listening to the radio, make sure the volume is cranked up. Keeping the music loud will make sure you don’t nod off to the white noise of your tired on the road. It will also keep your brain alert.

Listen to an Audiobook:

Audiobooks are a great way to pass time and keep your brain engaged. But, remember, when choosing a book to listen to, don’t reach for something long and heavy. Instead, choose a mystery, drama, or comedy to make sure you’re engaged the entire time you’re listening to it.

Listen to Something New:

Yes, it’s great to rock out to your favorite songs. But, believe it or not, it’s actually better to listen to new music. When you listen to songs you’ve heard a million times before, your brain is more likely to get used to the song and tune it out. So, road trips are a great time to discover something new!

Switch it Up:

Throughout the trip, change the radio station often to get a variety. Not only are you giving yourself a chance to listen to something new, but you’re also moving, which wakes up your body. During commercial or slow songs, switch the station. Traveling over state lines prompts this action anyway, so take advantage of it!


How to Avoid Truck Blind Spots

As a truck driver, you know about blind spots better than anyone. Every truck driver quickly learns that they have to navigate their blind spots to drive safely. But, not many drivers you share the road with know how to properly avoid your blind spots. These tips will help car drivers be more mindful of truckers’ blind spots and help avoid accidents.

  1. Keep truck mirrors in sight when passing. If you can see his/her mirrors, he/she can see you, too. It’s as simply as that!
  2. Try to avoid blind spots completely by staying where they can see you. Directly in front, directly in back, and the right side are places that are particularly dangerous blind spots. If you end up on the right side of the semi, make sure you give them a couple lanes worth of space so they can see you are there.
  3. Keep a safe distance behind the truck. This means leaving a sizeable amount of space between you and the semi at all times. If he slows down, you will have more than enough time to prepare to stop, too.
  4. Pass fast. Passing a truck slowly just means you’re leaving more time for an accident to occur. When you are passing a semi, make sure you do it quickly so you are in and out of their blind spots as fast as possible.
  5. Use your horn if you have to. If a truck starts merging lanes without noticing you are there, then honk your horn a couple times. This may be the only way for the driver to see you or realize you are around.

New Regulation Encourages Truckers to Take a Break

After reviewing regulations regarding trucker work schedules, Congress declared that it will implement new rules in 2017. This revision limits truckers to a 70 hour work week–12 hours less than what some truckers were putting in weekly. As such, truckers are also encouraged to take advantage of restart periods, which allows them to take two-day breaks in the week. Not only will the new rules allow truckers to catch up on sleep, but they also support driver health and safety.

Some argue that the changed legislation will be more dangerous because it doesn’t allow truckers to drive between the hours of 1 am and 5 am, meaning that they will be forced to drive during rush hour traffic. An increase of semis during rush hour potentially endangers the safety of other drivers. Congress, however, believes that taking a break between these hours allows truckers to sleep during the times most essential for REM to occur. As such, the hope is that allowing truckers to get more sleep will also cut down on the prevalence of sleep apnea among drivers.

Keep an eye out for this new regulation, among others in 2017.


Diesel Prices Take Another Dive

Between July and August, diesel prices decreased $0.03. While that may not seem like a big discount, this time last year diesel prices were 10 times that! Prices for oil should continue decreasing in the future. That means filling up will be less of a burden on your wallet and you’ll be able to go more places.

Check out these charts featuring the money we spend on oil every year and how the prices are divided.


Non Recourse Factoring

One of the few ways to purchase real estate within a self-directed IRA is to obtain a non recourse loan. A non recourse loan, unlike traditional loans, does not put your IRA at risk, which is one of the IRS conditions for getting a loan within the IRA.

What are the other terms and conditions for getting non recourse financing for real estate or other investments?

Before looking at the rates and terms for a non recourse loan, the investor needs to understand that non recourse loans are riskier to the lender than regular loans. The lender does not have the right to foreclose on the buyer’s personal property or go after their personal assets in the event of a loan default. Therefore, the lenders can only recover what the IRA has already invested into the property.

Lenders attempt to minimize risk by insisting that the investor share some of the risk. Usually, they ask the borrower to make a larger than normal down payment and pay a higher than average interest rate.

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Another way lenders minimize risk is by insisting that the IRA investment be profitable. It has to generate income more than sufficient to repay the debt. A profitable IRA increases the likelihood of full loan repayment. The capital inflow should be at least 25% more than the total monthly expense on the property.

Cash Positive IRA

If you are using your non recourse loan on an IRA to invest in real estate, for example, the lender will scrutinize the investment to see if it is likely to yield a good return. Therefore, the property must offer steady cash flow either in the form of rent or another type of return. You have to make a full disclosure regarding the location, price, and type of property.

Your case is likely to be heard more favorably if you provide photographs of the house or land. If the property was sold recently, information about the purchase price is needed.

Usually, non recourse loan providers offer more relaxed terms for new property. Finding funds to buy a house in poor condition is difficult if you are looking for non recourse financing. You can invest in residential property, condominiums, apartment complexes, and even commercial property. However, prefabricated homes are off limits as are residential properties such as log cabins and similar structures.

Terms and Rates

Non recourse loan providers offer loans of varying rates depending on many factors. However, these loans carry a higher interest rate than conventional mortgages. You can expect to pay rates a few percentage points higher on these loans.

Fixed rate loans in general, offer terms of 20 to 25 years at most. A variable non recourse loan offers steady rates for first three to five years, after which the rates adjust annually.

Before you decide to take out a non recourse loan, ensure that you have selected the right property. If you are unable to find one, ask a real estate agent familiar with investors purchasing real estate in their self-directed IRA. Make sure the IRA will have good capital inflow from the property if it is a rental property. This will assist you in convincing a lender to provide a non recourse loan with the type of rates and terms you need.


Why Freight Bill Factoring Is Important In Business

purse-522622_640When you have a small or middle sized business serving commercial and government customers it usually means waiting for up to two months for getting paid against your freight invoices. All big companies and the government as well, are very slow in making payments, making it a challenge to work for them. Slow paying clients lead to problems with payments that you have to make immediately. Payments have to be made to suppliers, payrolls have to be met and recurring expenses like fuel expenses, repair and maintenance costs of vehicles, tire purchases and the like have to be taken care of without delay.

Therefore, it is true that the biggest problem in the transporting business is slow paying clients. Due to them there results a paucity of liquid funds required to meet regular expenditure for successfully running your business. If you do not have enough cash reserves to cushion this financial pressure, you need to look around for alternate means to secure necessary funds so that you can keep running your business and remain solvent.

A bank loan may seem to be a solution but it is difficult to obtain. Even if you manage to get one, you will remain under pressure until you clear off the loan. Moreover, the loan is just a one time solution and as your business grows, your financial needs are going to increase once again bringing about a situation where you will need more funds.

Freight factoring in such a situation offers an ideal solution. As you factor your freight invoices, you get access to required funds for paying off your employees, suppliers, taxes and to cover essential recurring expenses like fuel, vehicle maintenance and repair, tire purchasing and many other important things. Freight bill factoring, which is factoring of receivables, principally assumes that your invoices are valuable assets fit for financing. For a small fee, usually between 1.5 and 3% per month, a factoring company, within twenty four hours of your forwarding the invoices to them, advances you up to 97% of the invoice value.

The actual amount depends on the specific terms of the factoring agreement you enter into and eliminates most of your financial worries related to your immediate business expenses while the factor waits to be paid by your client. Most factors break their fee into ten day payments, to make it more attractive. For example, a 3% per month fee would actually be just 1% for every ten days the invoice remains outstanding. Additionally, if your factoring agreement has a non-recourse invoice factoring clause, the factoring company also covers the risk of non-payment in case your client becomes insolvent or closes down the business.

Freight invoice and bill factoring is important in business because it a viable financing tool for growing businesses, providing them with a solution to accelerate slow payments and free up cash flow. However, for factoring to work successfully for you, your business must have a commercial or government clientele and provide you with at least a 12 percent or higher profit margin. Freight factoring can help you where you are forced to turn away orders on account of limited cash flow and also help you to avoid the risk of missing key payments like payroll, suppliers and rent etc due to cash flow problems.