Re:I run a university. I’m also an Uber driver
by morganvachon on Wednesday July 29, 2015 @05:36PM
(#9971742)
$300 per day sounds like a lot of money until you factor insurance costs, taxes, vehicle care, and so on. I'd be willing to bet (at least here in Atlanta) that the average full time Uber/Lyft driver brings home around $25-30k/year after taxes and expenses. Not too shabby for driving around all day, but it's definitely not for everyone.
Even so, I've thought about driving for Lyft in my off hours; my insurance company is rideshare-friendly and I could probably pull in a few hundred dollars every month in "fun money" and have fun doing it. Then again, I'm not willing to give up spending that time on personal pursuits and valuable family time.
Re:I run a university. I’m also an Uber driver
by hkmurakami on Wednesday July 29, 2015 @05:42PM
(#9971780)
"Make" is such a vague word, and intentionally so. As we all know, a more accurate phrase would be "your topline revenue will be $90k" (net net profit, let alone gross profit, will vary.)
Re:I run a university. I’m also an Uber driver
by morganvachon on Wednesday July 29, 2015 @05:49PM
(#9971821)
That's why I mentioned net earnings, not gross. :)
Interesting how that compares to the $90k/yr figure widely quoted last year (granted, for NYC not ATL). Working full-time (5 days a week, 52 weeks a year), that's $78k. (And still seems high, according to the author.)