The Cold Hard Truth About Driving for UBER

Driving for UBER is a lot like performing those $3 mortgage inspections that “maybe” have a profit of $1.50.

The UBER driver writes:  With Uber expenses, vehicle expenses, and vehicle depreciation of 15,584…not only did I not make money but I lost almost $4,000. So why did I continue to Uber? Honestly, I had no clue that it would be such a large financial loss. I figured I was at least making minimum wage. After crunching the numbers, though, I know this isn’t at all true. I wish I would have taken a part-time remote home job as I would have made over 10,000 and have 16,000 fewer miles on my car.

Read the article about driving for UBER.

Someone … please show me … document all of your income and expenses … how you are making money with the $3 mortgage inspections. Be sure to include vehicle depreciation.

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