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I live in NYC, down on my luck, broke as hell college student in dire need of a good job with good pays. My best friend have been doing Uber for several months now and all I hear from him are praises about the pay, getting paid $1000 and just over it per week. He rents a car from his friend. So I decided I wanted in on Uber to which my friend explained everything to me, but I want second opinions about Uber from you guys. Especially because I am broke as it is and I would hate to waste money on getting TLC license when I could possibly opt for better alternatives, but I am told to get TLC because working in New York City has a far better advantages than sitting my rear end down waiting for a customer coming out of Newark Airport in NJ and having to pay tolls out of my pockets, wasting gas. Do I have a far better chance at working for uber because of the nature of New York City? Should I take this opportunity? What can you tell me about Uber?
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Jan 17, 2015 19:55
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| # ¿ May 15, 2024 05:01 |
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Zeta Taskforce posted:To begin, $1000 per week isn't that much money. It might sound like it when you are broke, but it really isn't. I doubt your friend just did his taxes, completed his Schedule C, and realized he is making $1000/week profit. He is doing the worst kind of stop and go driving, hundreds of miles a week, idling for long periods of time,k paying hundreds of dollars on gas. He is grinding that car into the ground. Once you keep track of the miles I doubt your friend is showing much profit, which is good because he needs to pay self employment and income taxes on everything. The idea is that once my friend buys a car soon in a few month from now, I'd rent the car from him for $300, assuming I'd make $1000 a week, with a net loss of $300. I don't plan on doing this for the rest of my life, it is something I am thinking of doing just to give me a boost so I can head in the right financial direction again. My friend however wants to do this for the rest of his life as a permanent career. What are your thoughts on this? Thanks.
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Jan 18, 2015 06:56
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FrozenVent posted:Is that thousand bucks a week before or after taxes? I am not sure if he pays taxes, I am assuming he is, so before taxes. Then he loses $300 on renting the car from his friend.
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Jan 18, 2015 11:53
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