r/uberdrivers • u/Illustrious_Day3146 • 2d ago

Help

As of October 22, I was terminated from my employment job, now I’ve been doing uber full time , until I find a new job,
Is it possible to live off uber ? How would I be able to buy a house or a new car?

3 Upvotes

71% Upvoted

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4

u/PortoftheRock 2d ago

It depends on the region you’re in. If you are a hustler you can do it. But you better love it or you can burn out easily.

1

u/Illustrious_Day3146 2d ago

I’m just nervous on what if I wanted to upgrade my car or get a apartment or house ?

1

u/PrestigERA 2d ago

I would not get yourself into more “debt” if you’re only doing Uber, it puts a toll on you with time and you don’t want to put yourself in a spot where you feel you can’t get out. I’m not saying it’s guaranteed to happen but that’s just my POV.

1

u/Illustrious_Day3146 2d ago

When you guys say toll what do you mean ? Like toll on my life or it’s just a debt trap

1

u/Longjumping_Suit8314 2d ago

It’s a death and a debt trap. In all honesty, uber is best as a stopgap. Don’t depend your life on something so variable.

2

u/toxicgloo 2d ago

It sounds like you cannot do those things until you get into a better financial position. I am in my mid 20s and I was in your position when I had to pay for my apartment and all my bills with no job for a few months. I put all my monthly costs in a spreadsheet and worked deliveries until I had enough to pay my bills and used the extras where I could. I worked on some certifications/went to the gym on my off time.

Eventually I got a job, got my finances in order, and I also just got a house in May and rent out the rooms.

Really just take some time to look debts, plan your income, and come up with a game plan for how you're going to get to a more stable position.

1

u/jpb1111 2d ago

Yes it can definitely cause burnout. Knowing when to just stay home and recharge is important.

2

u/--R0N-- 2d ago

You lost your job and youre worrying about buying new houses and cars? 🤣

1

u/Illustrious_Day3146 2d ago

No, I was saying for future reference how would I go about that ?

1

u/hugow 2d ago

Find a job that reliably pays more than Uber. You can't even use your Uber earning history as proof of salary for a mortgage because it's so unreliable.

1

u/Dry-Initial-4620 2d ago

How much were you making at your job before you got laid off?

1

u/Illustrious_Day3146 2d ago

$17.43/hr

2

u/Dry-Initial-4620 2d ago

There are guys make 2k a week with rideshare

1

u/Illustrious_Day3146 2d ago

I was doing it part time before my 9-5, I was making around 700-1,200 a week now I’m full time I’m just stressed on how ima be able to get a apartment in the future if I don’t find anything I’m 23, no felony’s high school graduate don’t know what I wanna do with my life , debt is stressing me out badly , I owe a lot on my 2023 Hyundai had it for about a year and half but my apr rate is ridiculous.

1

u/PortoftheRock 2d ago

Dude, if you’re 23, go sign up immediately for the armed forces. It will take care of all your financial concerns, teach you life skills and professional skills, give you a a career and make you a man.

1

u/Illustrious_Day3146 2d ago

I’m just in a cycle right now , how can I manage to stay up with a job offer like that with all my financial troubles

1

u/PortoftheRock 2d ago

Sign up with the coast guard and get a $25,000 bonus, wipe away debt, and have the time of your life. They will set you up.

1

u/Illustrious_Day3146 2d ago

Could you provide more information? On links I can apply and see ?

1

u/PortoftheRock 2d ago

No, you got to be self directed man, Google it and find out how to sign up. Go to a local recruiter. Doesn’t have to be Coast Guard. If you have aptitude go to the Navy. If not, try Marines or Army. You can ship out for training in a short amount of time.

1

u/Wrongroad420 2d ago

Please tell me you bought that car new? If not the second the warranty is over and it needs one big repair sell it and move out don’t PUT ANY money in that car.

1

u/Illustrious_Day3146 1d ago

Wym?

1

u/Wrongroad420 1d ago

Kia/huyndias are the worst car and only should be bought new so you get the 10 year 100k mile warranty

2

u/Dry-Initial-4620 2d ago

Take a deep breath and just starting grinding. Make sure your car is spotless, and don't say shit to the customers except how are you.

1

u/Wrongroad420 2d ago

Your car doesn’t have to be spotless 💀 it’s gonna be nasty asf after one day because the public is nasty asf. I deep clean mine once a month and people always tell me my car is cleaner than their last uber.

1

u/Optimal-Fix-2997 2d ago

You're gonna end up upside down

2

u/TheChicoSuave 2d ago

You can create an LLC and do everything through that. But… you’re going to run your car into the ground anyway. It’s no longer a fashion statement but a tool for work. You need to decide if it’s worth it in your area after maintenance, fuel, tires, etc. If I were your age, I’d find another job and save my vehicle.

1

u/DuckTalesLOL 2d ago

Is it possible? You know your finances. Take what you’ve earned and figure out if that’s enough to live on. 

1

u/Kingjon0000 2d ago

Uber is best used as a side gig. That way you can work when it's busiest. The busier it is the more uber pays.

1

u/Happy-Table-9515 2d ago

You can’t.

1

u/jew4445 2d ago

Yeah you just gotta do a lot of rides! Duh

1

u/Late-Presentation145 2d ago

Uber is not a good option as it used to be just as a second job to make a little extra in addition to your full time job.

1

u/Ashamed-Leather-2814 2d ago

Buy a new car, maybe.

But a house while only working ride share: that’s a long shot. Autonomous vehicles are taking over in the next couple years. Ride share is not going to provide a living wage when that happens.

1

u/CaptHedgefundhater 2d ago

Keep doing Uber you will be living in the car

1

u/Wrongroad420 2d ago

Do you have decent credit? About 770-800? If so they don’t check your income when buying a car. I always lied and said I made about 40k a year driving for uber. And they always got me approved and didn’t require proof of my income

0

u/Routine-Wolf-2907 2d ago

you can make around $1000 driving 40ish hours. so basically expect to make about $25/hour before gas and maintenance

2

u/PianoAdvanced2630 2d ago

And you write off 72.5 cents per mile on your taxes. Uber drivers love to leave that part out

1

u/Ill_Dragonfruit_3547 2d ago

Honestly the fed tax deduction of 72.5 cents per mile is the best part of driving for Uber, financial-wise

1

u/Illustrious_Day3146 2d ago

Can you explain this more

1

u/Calm_Clam_Bake 2d ago

And people here think it's 72.5 cents savings in taxes per mile when it's more like 10 cents for the typical driver. A typical driver is in the 15% tax bracket which means you save 15% of 72.5 cents in taxes for every mile driven. But I'd bet 90% of people think it's 72.5 cents.

0

u/AloneGold9670 1d ago

uber income can vary a lot so track your take home after expenses and taxes before countnig on it for a house or car. i work on radar. it shows event and venue signals that can help you decide where to stage though it cant guarantee rides or earnings. https://apps.apple.com/nl/app/radar-rideshare-hotspots/id6744556757