Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

How to Make Money in the Rideshare Economy | Harry Campbell from The Rideshare Guy

How to Make Money in the Rideshare Economy | Harry Campbell from The Rideshare Guy

FromThe Financial Independence Show


How to Make Money in the Rideshare Economy | Harry Campbell from The Rideshare Guy

FromThe Financial Independence Show

ratings:
Length:
50 minutes
Released:
Apr 28, 2020
Format:
Podcast episode

Description

Today's episode features Harry from The Rideshare Guy

Harry started down a very traditional path -- an engineer in a cubicle.

Then in 2014, he started moonlighting as an Uber & Lyft driver.

He started a blog and began sharing real data that helped drivers know the Do's / Don'ts and ultimately how to make more money.

Today, his blog has an insanely large following and it continues to expand into more and more areas.

He's also launched a course, Maximum Ridesharing Profits, to teach new side hustlers how to take advantage of the rideshare economy.

Listen, learn, and let us know what you think about Harry's amazing ride.
Episode Summary
Harry's Journey to Side Hustling

Harry remembers when he realized he could sell chips from his lunch as a kid
His lesson was that when people want to pay for something you need to find a way to accept it
Harry took a fairly traditional route career-wise
He got an engineering job and worked the cubicle environment
But Harry was used to entrepreneurial ventures
From selling chips to doing laundry, and then driving Uber / Lyft on the side in 2014
Harry then goes over the moment he realized traditional employment just wasn't enough
It was realizing a fellow employee had been working in the same building for 40 years
He was also having a lot of fun driving for Uber / Lyft and making $35-$30 per hour

The pay was higher back then as fewer drivers were available



Finding a Career Via Uber / Lyft

Harry never really wanted to drive for a living but enjoyed the process
So he started The Rideshare Guy
Here he would lay out very clearly and thoroughly all the things you should consider as a driver
The blog started growing and surpassing the money he made in his regular job
It also didn't seem scary because his boss left the door open to return

Frugality and Lifestyle inflation

Harry talks about how he is reasonably frugal but not extremely
He also talks about how some lifestyle inflation is positive
Nothing over the top but things that make his life more comfortable and less stressful

Deeper info on Uber / Lyft and Rideshare Guy

It's important to keep in mind the pros/cons
One big benefit over a similar paying job is the flexibility
It also gives you good practice to balancing accounts for running a business
At the end of the day, all the things on the sites are just logistics
Getting something from point A to point B
He also talks about some of the locally specific gigs
These may pay more and even come with more traditional benefits

Getting the most out of being an Uber/Lyft driver

Harry recommends a used fuel-efficient car, imagine a ~2014 Prius
Then he talks about options that allow you to only do pickup/drop-offs along your route
So you could add this into your normal day
Then Harry talks about liabilities
Different insurances and protections to keep customers from coming after your assets
It's not worth ruining your life over a side hustle if you have a lot of assets
If you don't have much to your name, it's a little less stressful
Another good tip is driving weekend nights and workday commutes
It's also important to keep up with miles to deduct those expenses from your taxes
Check out his course, Maximum Ridesharing Profits, if you're looking for an all-in-one resource to crush the rideshare side hustle game

Beyond Uber / Lyft

Harry notes that most people only drive temporarily
He wanted to start focusing on the jobs these drivers are transitioning to
He's done a lot of coverage on transportation jobs like truck driving/taxi drivers
Then other demand-based  jobs that have similar setups
But these are in completely different fields than transportation like a notary of the public
These are all covered under the "Thinking Beyond Rideshare" category

 

 
Key Takeaways

Provide Value: Harry was successful because he gave a t...
Released:
Apr 28, 2020
Format:
Podcast episode

Titles in the series (100)

Cody Berman and Justin Taylor believe in the concept of “Financial Independence For All”. The FI Show focuses on REAL stories of individuals on their journey to financial independence. Each episode aims to include actionable insights and takeaways for listeners to implement into their own financial situation. The podcast covers topics like building wealth, entrepreneurship, investing, money mindset, small business, frugality, geoarbitrage, side hustles, real estate, productivity, travel, and so much more. Sit back, tune in, and join a community of like-minded people who are changing their lives through financial independence.