Thrive as an Uber and Lyft rideshare driver.

Why Depreciation Matters To Uber Drivers
Levi Spires Levi Spires

Why Depreciation Matters To Uber Drivers

You and I know the cost of fuel and probably also maintenance. But still, there's a hidden cost that few drivers account for. It's called depreciation. Let me explain it in simpler terms. Think of your car as an investment; every mile you drive is chipping away at that investment's value.

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I Waited 30 Minutes for Free… Did My Uber Passenger Give Me a Cash Tip?
Levi Spires Levi Spires

I Waited 30 Minutes for Free… Did My Uber Passenger Give Me a Cash Tip?

I had a reserved ride scheduled at the airport, which usually means a decent payout whether or not the passenger shows up. If the passenger is late, I can often cancel after five minutes and still receive a cancellation fee, usually more than the fare. So, I arrived at the airport about 10 to 15 minutes early, expecting the typical pickup. But when I got there, I realized I wasn't headed to the usual terminal. Instead, I was directed to the private jet terminal.

Not long after, I got a text from the passenger: "Hey, we're running about 30 minutes late. The plane's going to land at four o'clock. Can you wait? I'll give you a cash tip."

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Is $15 an Hour Good Money for an Uber Driver? A Deep Dive into the Realities of Rideshare Earnings
tip you in the app Levi Spires tip you in the app Levi Spires

Is $15 an Hour Good Money for an Uber Driver? A Deep Dive into the Realities of Rideshare Earnings

In my latest YouTube video, I take you on a ride-along where we break down the numbers behind an actual Uber trip, revealing the true earnings of a driver after expenses, taxes, and other considerations. But there's more to it than just numbers—let's dig into what $15 an hour means in the world of rideshare driving.

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Impact of Tax-Free Tips for Uber and Lyft Rideshare Drivers
daily drive, tip you in the app Levi Spires daily drive, tip you in the app Levi Spires

Impact of Tax-Free Tips for Uber and Lyft Rideshare Drivers

The idea of tax-free tips might seem like a dream come true for rideshare drivers, but the reality could be far more complicated. While eliminating taxes on tips could put more money in your pocket initially, it might lead to lower fares and ultimately reduce your overall income. Additionally, adding another exemption to the tax code could further complicate an already complex system. Before jumping on board, it's important to consider whether this policy truly benefits drivers in the long run—or if it’s just another trap.

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