Making more money with food delivery and rideshare .

Once again if you compare total hours on truck vs total hours as rideshare, it would be about equal.


Owner operators arnt really only working 11-14 hours a day, it’s a 24hr job. Providing security to the truck for 10 hours a day has to be accounted for. Accounting, customer service, repairs and so on on your free time. So that 800-1000 a day you pull in, divide it by 24 and you do about $30-$45 an hour. Yet if we add the 34 hour reset on the road it drops further.


When times are good owner ops win, when times are bad? It’s equal.

 

I’ve done some very extensive calculating and math on the whole rideshare thing. I’m not getting into food delivery or any of that. I’m simply talking about picking up one ride and dropping them off one after another for about 10 hours a day being out of your home about 12 hours per day. Including much higher pay scale over the weekends and busy hours. If you’re in an active market you’re probably gonna make about $250 a day doing this. That’s take home. You’re gonna put about 300 miles a day on your vehicle. Excluding deadhead miles to and from home but you can set that up to where you’re giving rides back to your homebase. It might take a while but eventually they’ll get you there.

bottom line, if you did rideshare about 320 days out of the year full-time you’re going to bring in about $80,000 total. In revenue. Deduct about $7500 for gas, $1000 extra for the insurance, and about $15,000 for wear and tear on your car that you should be putting aside towards your next vehicle. You’re gonna make somewhere between $50,000-$60,000 a year that is your income to keep if you drive as described above. That’s the honest reality. This includes vehicle depreciation.

If you want to be home every night, you want to drive exactly when you do and don’t want to, it’s not a bad gig. Like I said you’re not gonna get filthy Rich but it’ll pay the bills. The people who whine and complain don’t set aside for vehicle depreciation. You absolutely must set aside between $600-$750 month towards your next vehicle. Assuming you start out with a brand new car, you’re gonna put about 265,000 miles on that car in three years. You’ll need a new car every 2.5-3 years. If you decide to keep it for the full three years, you better plan on some repairs that last year for sure. Some of them probably a little on the expensive side like maybe a new transmission.

Back about four years ago you could pick up a brand new Toyota Corolla the pretty much would be guaranteed to go at least 250,000 miles for around 16,000 out the door. Now you’re gonna pay about 26,000 for the same car. So you gotta keep that in mind as well. I would not bother with a Prius or something like that because you’re gonna pay $45,000 or more now.

 

Time is not linear and it flows very differently for every other person.
Poeple think that clocks harness time, make it homogeneous for everyone but that's so delusional. It is even bigger travesty to time someone's work for money.
It is quite possible that A conductor on a train from Houston to Albuquerque experiences about the same flow of time encapsulating that event as a conductor of Los Angeles philharmonic orchestra encapsulating one major work of Stravinsky, that by clock is less than one half hour.
Therefore, I disagree that my so called time has any comparison with the one of a food service delivery boy. Even though, by clock, it it is equally measured from dusk to dawn.

 

ok. 24 hours is 24 hours. No matter how you look at it.

right now I’m at $4 mile. 1/4 of the expenses and headaches. I would say better than a O/O for sure. Long term? Maybe not but flexibility to do it on the side? Or when ever I want? I would say better than an owner operator for sure.

 

You’re a 1099 contractor right?
You do realize that you’re responsible for all taxes.

 

Same as an owner operator?

 

I was just curious if he knew that he would owe a self employment tax as well as state and federal. He stated take home pay without any numbers showing deductions for that.