Rideshare Is Important to My Financial Future and Yours Too

It seems like yesterday that I recieved my very first Lyft Request. I was on my way home and decided to try it since I had some time. I was so nervous I couldn’t have been any good. Now over a year later rideshare is still a big deal for me. Here’s why.

What Is Great About Rideshare Driving?

If you want a job lets you to work when you want, take breaks when you want, and never get called for not coming into work. Then rideshare driving is perfect.

I can go months without driving, I get text asking me to drive, but I don’t HAVE to.

When I need money I get in my car and make some. Unlike finding a freelance client or sourcing for Amazon I can get paid the same day I work.

Why I have Been Lax In Driving Lately

I often call myself lazy, but I’m anything but. I am working between 24 and 32 hours a week in a pharmacy (which may go up soon). This site takes 5 to 10 hours a week. Amazon FBA takes 2 hours on a slow week and 30 in a busy week. Freelance work takes at least 3 hours a week right now, and I’m trying to grow that. And I am taking courses to try to make my business better taking an additional 5 to 10 hours a week. So a minimum of 52 hours a week.

Though I could probably squeeze a few rides in between things. Sometimes I just need to relax listen to a podcast without worrying about people wanting to smoke in my car, open containers, or leave me a bad review. So I haven’t been going out driving as much as I should be.

What Will Happen In The Future

With that being said, my goal of quitting my 9 to 5 and working for myself only will require me to drive a lot when I first make the plunge. Though I would like to think that I will have enough income from Amazon, Freelance, and this site odds are that I’m going to come up short.

So I plan on using rideshare driving as a backup to income to pay my everyday bills. I’ve done a test week of driving full time. It could very easily replace my day job income already IF I wanted to do it full time but I don’t LOVE driving like I love writing and working on Amazon FBA.

In the very near future I will use rideshare as a way to support growing my other businesses. When I realize that I will not have enough money to pay the rent in time I can start driving everyday till I can. It will be my protection to make sure I don’t have to add things to credit to pay bills.

Is Rideshare For You?

Though I don’t drive as much as others, you may find that you LOVE it. Many have enjoyed it and do it full time. It has a lot of flexibility and can actually lead to more opportunities for work.

Even if you find you don’t like it it still serves as a great way to get extra money for special occasions.

Image courtesy of nuttakit at FreeDigitalPhotos.net

*Part of Financially Savvy Saturdays on brokeGIRLrich, and Racing Towards Retirement*

14 thoughts on “Rideshare Is Important to My Financial Future and Yours Too”

    1. Amanda, you can get paid everyday if you have a minimum of $50 to cash out. It costs $0.50 to do it but if you need the money it’s a great option. Each ride is different I would say the typical ride is about $10 I’ve had some that were as little as $3 and as high as $120. I make on average $16 to $18 an hour.

    1. Dangerous? The news makes it sound scary and dangerous but it isn’t. First I don’t drive past 10pm so I never have any problems, I make less money then people who go out later and drive in different areas. Just know what you’re willing to do and not willing to do.

  1. Sounds like you’ve got a solid backup plan to help finance your income while you build your other businesses. While it’s not for me (I try to avoid driving whenever possible these days), I can see the appeal of having a flexible schedule to work as much or as little as you want.

    1. It’s amazing really to be able to make money whenever I need it. I too hate driving which is why that income has gone down each month, plus the expense/time to ROI is low in comparison to most of my other side hustles. But it is a nice way to quickly get money

  2. I don’t know that it’s for me, but I’m glad it works out for you. I would say from what I know that it’s important to have an idea of what sorts of things you need to track for taxes. (cost of your car, paid miles, personal miles, etc, if you are going to expense depreciation.) And to make sure that if you need to make quarterly tax payments, you are doing so.

    1. Emily taxes are a huge head ache for me right now as my income has more than doubled with all my side hustles last year. I recently hired a accountant that handles all those concerns for me, and I have a software that keeps track of business expenses and such that makes taxes really not a concern.

    1. For me I often will turn the app on well driving home with the destination feature I’ll only get rides heading to home, so I’ll get paid to go home it’s really nice for me. Come to think of it I should really do it more often.

    1. I would never buy a newer car for rideshare like I know others have but having a car that already qualifies makes a nice little hustle.

    1. Hi Nate welcome to the site. Ridesharing is perfect if you want to make some extra cash to pay down some debt. You never have to clock in but when you do you can make some money and get your bills paid.

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