My first foray into the Gig Economy
So, I have been quiet on the blog lately. I have succumbed to what I would deem as “writer’s block”. Coming up with ideas is tougher than one might think. But that is also, I’m sure, an excuse. Excuses are like assholes, everybody has one and they all stink. I have got to make time.
Speaking of time, I have been spending some time driving for Lyft (and easing into Uber too). I have been averaging about 20 hours a week. It’s been a little bit of a learning curve as to figuring out when and where to go.
I must say, I have been enjoying it. Some people like to talk and some people don’t, but engaging a little bit in conversation is the neat part. There are a lot of different people with different views and it’s good to hear from other people. I try to stay out of the party times, but I still get the occasional party ride. But there have been no real incidents. People are generally nice and they just want to get from one place to another. And if I treat people the way I want to be treated, we tend to get along just fine.
The numbers are fairly underwhelming. Doing the amount of driving that I’m currently willing to do gets me about $300-$400 per week. That’s about 20 hours per week. Since I’ve started driving, I’ve traded vehicles. I was driving a 2011 Toyota Highlander that got right at about 20 MPG. I traded that in for a 2015 Lincoln MKZ Hybrid. I am consistently getting 40-43 MPG.
So, on a recent representative and good week, here are some numbers:
$399.88 Earned (this includes $31.00 in tips and $5.25 in Tolls)
743 miles (this equals $404.94 in tax deductions)
743 miles at 40 MPG equals 18.575 gallons of gas used
18.575 gallons of gas at $2.80/gallon equals $52.00 of gas used
So, doing some extrapolation:
$400 times 52 weeks equals $20,800 per year
743 miles times 52 weeks equals 38,636 miles per year
That 38,636 miles per year is what bothers me. The numbers in the above equation don’t have any room for buying another car in two years. So, I think that I need to eventually get to the place rideshare driving is just a way to supplement when things are lean.
I guess that the bottom line is that this is a tough living and would have to be one of the multiple streams of income to be sustained. Stay tuned.