I was considering driving an Uber and my friend warned me and sent me the below. $4.00 an hour is what he says he makes. I googled around I keep seeing references of making the "minimum" wage. It may have been a self-fulfilling prophecy where I sort was looking for it, so I am going to ask this forum. How does his math look?
"bad idea my friend look for something else. you want to work for uber with your own car and pay your own gas and pay your own insurance? your car loses its value
let’s say you’ll make gross $20,000 a year
You will pay tax out of that.
so say you are left with $15,000.
you pay gas say $4000.
you are left with $11,000.
you pay $2000 insurance
you are left with $9000.
you pay car maintenance oil/filters, cleaning, etc $500
you are left with $8,500.
your car loses $3000 a year of its value because of the mileage you put on it and beating up of the car and the few scratches you put on it.
you are left with $5,500.
do you want to live with that???? you are making $4 an hour? or less