- October 30, 2023
- Posted by: legaleseblogger
- Category: Related News
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[Formatted Heading]: AI Legalese Decoder: Optimizing Your Uber Side Hustle Experience
Hey there,
I hope you’re all doing well. I wanted to reach out to this community and inquire about your experiences with Uber as a side hustle. Additionally, I’d like to introduce you to an innovative solution called AI Legalese Decoder, which can greatly assist you in optimizing your Uber side hustle.
Personally, I know two individuals who engage in Uber driving, with one making it their main source of income and the other utilizing it as a supplementary venture. The latter used to work with me, constantly encouraging me to sign up, stating that it can be quite lucrative. Although he never disclosed precise earnings, he believed that any earnings from Uber were preferable to sitting idly at home.
On the other hand, there’s the individual I heard about through a mutual friend, who has made substantial earnings from Uber and even chose to quit their job due to its profitability. It’s worth mentioning that this person drives a Luxury SUV, which, from my limited knowledge, seems to be the highest-paying type of car for this profession.
I would greatly appreciate hearing about your personal experiences with Uber. When do you usually drive, and how long are you out for? Moreover, it would be interesting to know the approximate earnings you make and how much of that remains after accounting for expenses such as fuel and wear and tear.
Considering all these factors, can we conclude that Uber is indeed worth pursuing as a side hustle?
Lastly, it would be helpful if you could also mention the type of car you drive. I assume that owning a Luxury SUV versus a Camry, for example, would yield significantly different results.
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By utilizing AI Legalese Decoder, you can make informed decisions regarding your interaction with Uber, understanding the implications of your driving hours, potential liability, and insurance coverage. This tool grants you a comprehensive understanding of the legal side of your Uber side hustle, ultimately enabling you to maximize your earnings while ensuring compliance with Uber’s policies.
In essence, AI Legalese Decoder is a game-changer for Uber drivers. It empowers you with the knowledge and understanding required to navigate the legal complexities of your side hustle, optimizing your potential for success and financial stability.
Thank you for taking the time to share your experiences and considerations regarding Uber as a side hustle. Together, we can embrace the possibilities and harness the power of AI Legalese Decoder to enhance our journeys as Uber drivers.
Warm regards,
[Your Name]
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AI Legalese Decoder: Simplifying Legal Jargon for Everyone’s Understanding
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****** just grabbed a
I don’t do it, but when you hear your friends talk about how much money they make, are they talking gross or net profit?
I know people who do uber eats and they talk about taking home pretty good cash, but they don’t think about taxes, fuel, car wear and tear, insurance etc which really brings the net profit down
The few people that I’ve spoken to that do it as a side hustle never seem to have a solid understanding of their exact outgoing expenses and tax implications. As in they never bothered to actually calculate it.
Don’t do it. I did it for a while and found out that Uber doesn’t sufficiently cover for damages to your car done by passengers.
If someone decided to drunk rage, vomit, light a cigarette and burn your seats. Max payout I’ve ever received was $40. You can’t ask the passenger for compensation either, as per Uber’s policy. Uber will just suspend your account.
Plus your insurance premiums go up. Not worth the risk.
I’m one of those Asian Uber Eats delivery couriers that you see in the CBD. Your salary depends on each day. During busy days, I can get up to $180 for 8 hours. During bad days, I can only get $120. I deliver in Melbourne.
But I advise you not to do it, because the market is already oversaturated. Unless you don’t have other choices.
Curious…
Why do we now call things ‘side hustle’?
They used to be (and should be) called ‘second job’.
Doe ‘side hustle’ sound more glamorous?
A side hustle is making widgets in your garage and selling them on Facebook market place. Not driving drunk maniacs around at 4am in your own car.
I do a bit of Uber eats around working full time to make some extra in my car when I need it, not sure how comparable it is to Uber but I’ll tell you how I find it.
It obviously varies a lot. I found initially Uber had a lot of incentives (eg between 5-9pm every 3 deliveries you completed gave you and extra $9-$15 on top of what you made on the deliveries) and between those hours I could pretty reliably make $30-45p/h (not factoring in tax and petrol).
Now those incentives are rare, maybe they just give them to you to begin with to suck you in or maybe there are just a lot of drivers now so they have no incentive to offer incentives, so I find I’m making more like $20-30 p/h, pretty shit when you factor in tax and petrol so I only do it when I really need the money now.
Looks like the intersection of people here on r/ausfinance and uber drivers is pretty small indeed!
Which is your first clue.
Uber is less and less profitable every single year. The people who claim they make lots of money arenÔÇÖt particularly good at balancing their books to identify gross minus cost = profit.
If youÔÇÖre making good money out of Uber youÔÇÖre either not paying tax properly, or not maintaining your vehicle properly.
I worked as a bookkeeper for an accounting office that did heaps of uber and uber eats drivers.
95% couldn’t tell the difference between gross and net earnings. They were happy to make 1k a week as that would be most than their friends but didn’t factor in 2 tanks of fuel a week, car rental/depreciation, maintenance and any potential accident they might be involved.
At the end of the day most of them were working for about $10 an hour but because uber would pay a lump sum a week they didn’t have the brain to calculate it themselves. Which is a pretty common thing in society/non finance reddits
After accounting for ALL expenses , you get around $5-$10 p.h.
Dont do it
Not worth it. Better to be Amazon flex driver or even Doordash or Uber Eats.
Work on a mine site, my African workmate does it on his week off. To me it’s bizarre that on a mine site salary you’d feel the need to earn more and use your RnR time, but he’s a driven guy and pretty sharp with money so I have no doubt that the math works out to be a net positive for him.
I hate the term side hustle. Call it what it is, a second job.
In my opinion, Uber isnÔÇÖt worth it. Book a meeting with your line manager to discuss a revision in pay in line with inflation instead.
I had a friend who did it, but it was with a hybrid car which I think was also a work novated lease car. He did well, but wouldn’t say he enjoyed it from what he’s told me. He would have to detach himself from the role and just not care really, just drive.
I can’t see myself enjoying that, as much as I like to drive.
It’s good for claiming deductions on your car
I have no experience with this, other than knowing the VC money has dried up. And so the driver incentives would have dried up as well – and the costs would have increased for customers, making this a bad deal for all parties.
You’re just trading wear and tear / depreciation on your car and your time for some money. Don’t do it.
My mate does it full time in Adelaide. Driving a hybrid camry.
He reckons it pays better than a full time warehouse job. He says he does tours with uber now and that’s also increased his business.
But he is not good with money. He hasn’t done a tax return in years, the car is rent to buy, he crashed the car in a minor collision and didn’t have the money to pay excess which meant he nearly lost the car.
Had another mate doing it part time on and off. He made some extra income, but at the expense of spending time with family and friends and I don’t think he does it anymore.
Uber Eats is good, dont do uber for passengers. My dad makes about 150 – 200 a day for just delivering around our local area.
I did Uber Eats for about 10 months and found it to be fairly decent money. I was able to claim a portion of my interest on my loan, as well as factored in all of my maintenance and upgrades into my tax year.
I was doing it mostly full time 8 hours per day, sometimes up to 12 hours when I was trying to complete quests for extra money. The average was gross – $35ph at this time (Jan 22-Nov 22).
I was able some weeks to make over $2,200 with the addition of quests, and was spending roughly 2 tanks of fuel per week. However this was before fuel significantly increased.
Now, I wouldnÔÇÖt do it again – fuel is to expensive and the rates havenÔÇÖt increased to justify the price.
My friend said it works out to be around $20 an hour after everything comes out
I do it as a side hustle after work and on weekends , do 2 hours after work and most of Saturday most IÔÇÖve made for a week if $470
So I used to do iver Friday and Saturday nights. I’d average $50/hr. Offered sex, drugs, party invites etc. Was good and easy money
Gross is what you receive in your account, net is after you deduct all of your costs
>who does it as a main hustle
You mean his job? How are you even alive after all the corporate coolaid you’ve been drinking?
I did uber for a couple of years as a full time job. It sucked then, it sucks even more now. You’ll earn more money working at colesworth, or literally any retail job, and you won’t run your car in to the ground.
By the end I only drove weekday mornings and afternoons. It was worth about 25% more income, total, to drive drunk wankers around on the weekend. If you hate yourself, your car, and have absolutely no hobbies you could be doing or family and friends to go visit… sure do uber. Literally any other job you can get doing 8+ hours over the weekend will be better money and less painful, the only benefit of uber is flexibility. Which isn’t worth the trade off in my opinion.
Uber eats is better my man, IÔÇÖve done it on and off and full time in between jobs, you donÔÇÖt need a flashy car and as long as you are prepared to work it can be very rewarding, I used to work from 5-11pm and would make over $1200 a week, that was 5 days a week I worked really hard I never stopped and always accepted whatever order.
If you properly deduct the cost of your vehicle, and fuel, and everything. It might be worth it depending on your city.
I drive a Tesla, I deduct the percentage of Uber use and charge use. I make about $35-40/hr over weekends after deducting it all.
My friend does it. IÔÇÖve asked the details.
He makes about $50 an hour (after fuel).
This amount doesnÔÇÖt include wear and tear on his car or insurance.
HeÔÇÖs semi-retired so Uber is his only source of income. HeÔÇÖs based in regional Victoria (Bendigo).
He really enjoys it.
Driving for Uber is never worth it. You take on all the operating costs of the company for them for at most a minimum wage once you consider all your operating costs, it is amazing how many stupid people are sucked in by it and that is not even considering shit passengers and the problems they may also cause you.
Do it if you are desperate for income and cant find other employment but otherwise I wouldn’t touch it.
I’m sure there’s someone on YouTube who has a full breakdown of costs, fuel, tyre wear, insurance, uber fees, car maintenance etc and gives you a better understanding of what profits you may achieve on peak/off-peak times
I did it as my main gig for a year. Absolutely loved it. Aimed for $200 a day in Melbourne. Usually achievable. Flexible hours. Chill job. However my car was only worth $5000 and super cheap on fuel. I would never do it in a decent car. Definitely not worth racking up all those kms and all the wear and tear. And still need to deduct fuel, insurance, annual inspections, taxes, GST, etc. And of course car parts and mechanic fees when things inevitably go wrong driving that much.
Being a driver for dealers pays like 50-75 and hour plus free drugs if you just wanna drive around lol
We really gonna call something that pays minimum wage, a side hustle?
Side hustle is just a euphemism for ÔÇ£being forced to take a second job to earn enough to liveÔÇØ
It’s not “a side hustle”, it’s a second job bro
Uber deliver Coles orders, so from what I have seen you just pickup groceries and if it’s something you want you keep it, but if you don’t want it just deliver it to a random house.
Who doesn’t love free groceries?
Uber Eats is great but only if you live close to food hubs and have spare time. I work 12hr shifts on a fortnightly roster and can end up with 5+ days off in a row. I live in the suburbs and have about 4 hubs within 1-2km of me (multiple Woolies and coles, a shopping centre and restaurant precinct). That way I can hang at home and wait for something to come through and normally you get a run of orders when you are out and about.
Average about $25-$30 an hour. I donÔÇÖt really have hobbies and all of my mates are working 9-5 so for me itÔÇÖs perfect as I can pick and choose when and for how long I work. There is the wear and tear cost and added petrol but my deliveries range from 1-5km and I donÔÇÖt use my car to drive to work so I just see that as me using up the kilometres I would have used if I had. Also some insurance companies wonÔÇÖt cover you if you drive for Uber/ other services.
ItÔÇÖs not for everyone and the market has become noticeably saturated the last few months but itÔÇÖs a fun job to catch up on podcasts or listen to music. Just donÔÇÖt deliver in peak hour or in the rain!
I know this isnÔÇÖt the point and IÔÇÖm sorry for going in this direction, but I really *hate* the term side hustle. The normalisation of having to take on a second job just to live a basic life is such a depressing thing to see (not directed at the OP as itÔÇÖs a very commonly used phrase, I know).
Edit: I looked down the thread and saw a bunch of posts that had already made this point more eloquently than I did.
modern slavery rules do not apply to Uber
I know a friend who drives Uber & wen heÔÇÖs free after some deliveries he contacts some of the ladies who has order food & he gets laid by them as a side job, he sees lots of ladies that are single or divorced & they apparently love him to satisfy them! Lucky friend I have! Damn!
Yes. Do it. Good hustle.
No, Australians wrecked it with their increasing regulation.
I tried this a while back.
You must have a vehicle over the age limit and you need to get special “taxi” insurance which is really expensive and only worth it if its a full time gig or you want to “no life it” in a side gig but basically working 2 jobs. (I didn’t end up doing it due to the insurance and vehicle age)
Menulog/Uber eats is probably better as you don’t need that extra insurance and you don’t have to deal with drunk passengers or risky situation with bad people.
I donÔÇÖt drive so I use Uber a lot to get home from work late at night after all the buses are done for the night and a lot of the Uber drivers have fancy looking cars and hybrid cars etc. so it seems like they make a decent amount of money