Uber hustle?

I need to get a whip so I can do this. People are going to be out here making a killing with this uber **** this summer
 
i do it probably once or twice a week. average about 150-200 a week after the uber fee and gas. i average about 5-8 a week. theres money to be made if you really grind.
 
Used it a couple times in LA and Anaheim when I was there on vacation a couple weeks ago. Other than the surcharge Uber has from getting picked up from popular areas (Going to Santa Monica beach FROM Anaheim only cost me $50 but it was 1.3x more on the way back because I was getting picked up from Santa Monica) that I didn't know about, it was a great experience and I would definitely use it again. Love the fact that I don't need to mess around with cash or anything and everything is done through the app. Mark down pick up and drop off location and when you're there you just get out of the car and go on your way.
 
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My Dad wants to look into this Uber service. I can't see him sticking with it for more than 3 months, unless the money is crazy good
 
Ive had friends do it in other cities when there are big events like Coachella etc...Most have came up pretty good making a few thousand after they pay uber
 
If you live in SF you know how awesome/useful Uber and Lyft are for that particular city. Now, you don't need a designated driver, you don't need to worry about parking, you can order a ride anywhere with your smart phone, etc. Also, it is significantly cheaper and easier to use than a taxi (since they now do carpool type services). I don't know if it is great everywhere else but it is 10/10 in SF.

As a black man it probably saves me on average 8-10 minutes per trip versus taking a taxi. Uber in SF is crazy appreciated.
 
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No driver is making $90K.
fact. i think they make since now than they used. plus you guys gotta consider during tax time, they have to report themselves as independent contractors

Which if you do correctly and make use of the tools the IRS provides for exactly this kind of thing, your return will more than compensate your fairly for the wear and tear on your vehicle.
 
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^ What return? If you're self employed, no one is withholding any taxes from you so there is no return coming to you. I mean technically you can hustle for refundable credits like Earned Income or Child tax credit but who qualifies for that crap unless you have kids?

For every dollar you make, you owe Uncle Sam 16 cents in self employment tax. So even if you make 2,000 a year, and you write off 1,800 on whatever business expenses you claim, you still have to pay tax on the $200.
 
^he means your tax return as a whole, not refund. return =/= refund.

tax you owe to the feds depends on how much money you actually make. if you make a grand, its not the same as if you make 150k.

you can pay estimated quarterly taxes if you drive a lot, but for most drivers it would probably be most beneficial to stack a little way and pay it at the end of the year, especially if you already have withholding at your day job.

i do taxes by day and uber by night. havent done it in a few months with the business of tax season but i hope to get back in soon for some vacation money. anyone interested, take a look at this guys blog:

http://therideshareguy.com/

theres an article/podcast all about taxes and write offs, different ways of how to go about it, etc.

if you drive during the busy hours, which can be tough if you work during the day, you can make great side money with surge pricing. driving during the afternoon is rough if you arent in a major metro city. but ive been lucky to get a few rides sometimes for ~100 bucks and call it a night. best part is the no set schedule. work as you please.

re: 90k salary, truthfully you COULD gross 90k if you grinded hard but you arent netting 90k after expenses and depreciation to your car.
 
just curious for you drivers and passengers.

never taken an uber, but have taken countless taxis.

you guys prefer to sit in the front or in the back?
 
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I prefer the back. Most of my passengers have taken the back, but a few have taken the front. I dont mind which they do personally, its a little weird to drive with someone in the back even if a passenger tbh.
 
I prefer the back. Most of my passengers have taken the back, but a few have taken the front. I dont mind which they do personally, its a little weird to drive with someone in the back even if a passenger tbh.

This.

When I did my first ride, I was kind of confused as to why the people were sitting in the back but I thought about it and this is a taxi service if you think about it. None of my passengers have ever sat in the front.

Not sure what you guys think of the people you drive. Some of the conversations I have overheard and the things they talk about. :smh:
 
I prefer the back. Most of my passengers have taken the back, but a few have taken the front. I dont mind which they do personally, its a little weird to drive with someone in the back even if a passenger tbh.

This.

When I did my first ride, I was kind of confused as to why the people were sitting in the back but I thought about it and this is a taxi service if you think about it. None of my passengers have ever sat in the front.

Not sure what you guys think of the people you drive. Some of the conversations I have overheard and the things they talk about. :smh:

What have you heard 80
 
This is a lot of wear and tear on your car, not to mention a high risk of accidents.

Handle your business if you need some quick cash though!

Also, if you are charging people money to drive them around you need to have something called "livery insurance". If you do not have livery insurance and get into an accident, your insurance company will deny your claim, dump you, and you will be personally liable in court - even if you didn't cause the accident.

I looked into this briefly for a bit of side money on the weekends about six months ago until I was quoted $800/mo for the insurance.
 
[h1]A Philadelphia journalist went undercover as an Uber driver — here's how much she made[/h1]
Last year, Uber claimed its full-time New York City UberX drivers were making a median wage of about $90,000 a year.

Drivers responded by telling Business Insider's Maya Kosoff that they were often making less than minimum wage, with yearly earnings in the range of $10,000 to $41,000.

When UberX arrived in Philadelphia, Emily Guendelsberger, a senior staff writer at the Philadelphia City Paper, became curious about how much drivers would make.

So in January, she went undercover.

In an article in the Philadelphia City Paper, she explains that on her first trip as a driver, the money looked good:

As I let him off at 30th Street Station, he waves goodbye and thanks me, and says he's rating me five stars. The fare pops up on my phone: $10.85. The price of almost two beers for 15 minutes of driving! And if my neighbor had taken a cab, with tip, it would have been an even $20.

But in the long run, Guendelsberger found that the numbers didn't add up. One reason was Uber's massive fare cut, which took place just before she started driving. And since UberX drivers aren't licensed with the company and use their own cars, expenses such as insurance and gas add up, while the car's value depreciates.

Over the course of 100 rides, her hourly rate averaged out to $17. But after subtracting the 28% cut that Uber takes and 19% for car-related expenses, her actual pay ended up being $9.34 an hour.

She writes:

Driving for UberX isn't the worst-paying job I've ever had. I made less scooping ice cream as a 15-year-old, if you don't adjust for inflation. If I worked 10 hours a day, six days a week with one week off, I'd net almost $30,000 a year before taxes.

But if I wanted to net that $90,000 a year figure that so many passengers asked about, I would only have to work, let's see ...

27 hours a day, 365 days a year.

Though Guendelsberger concludes that Uber's business model isn't good for drivers, she admits that passengers benefit from the company's massive growth.

Not only is the service better than with traditional taxi companies, but the prices are generally lower, too.

"Whatever my reservations about Uber as a driver, it really, really is better for riders," she writes.

Read more: http://www.businessinsider.com/uber-driver-earnings-2015-5#ixzz3a113k0iI
 
When the driver passes you the aux cord to DJ 
smokin.gif
 
No one should be doing Uber as a full time job, IMO. Non-surge time is weak money. If you're willing to sacrifice your Saturday night once in a while, theres great money there.
 
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