You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Similar experience - I've talked with a lot of drivers about their business, and perhaps 80% seem to have seriously bad models.
Uber/Lyft earnings analyses miss the importance of cashflow vs profit. Sure, you might make a low-ish wage after factoring in maintenance & depreciation - but large maintenance expenses happen later, and cash happens now. Drivers can 'borrow' from future at a zero interest rate.
If you are paycheck-to-paycheck and need $3k, and you can earn $3k now but have to pay for a new $2k transmission in 2 years, that's a *great* option. Wage analyses miss the whole point: in periods where you don't have cash, cashflow is all that matters.
Yes, I know. I'm making a very different point. I've talked in some detail to dozens of drivers about their business model. Most made erroneous statements suggesting that they don't understand their business model. This makes them quite likely to make bad decisions.
But if you're driving Uber/Lyft one month for cash upfront, ok. But, if you drive every month, then this may not be a good job. The current avg wage driving Uber/Lyft is $15/hr (w/o bene). If you drive more 26 mi/hr, you're losing $. (=15/0.58)https://www.vox.com/2018/10/2/17924628/uber-drivers-make-hourly-expenses …
Nothing wrong with being a Uber/Lyft driver, just go into it with your eyes wide open and know the costs.
Someone needs to make an accurate accounting app solely for ride share drivers so they can see what their bottom line is; one that also factors depreciation expenses & includes accurate forecasts and projections.
Someone needs to make an accurate accounting app solely for ride share drivers
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
