How to Make Money in the Rideshare Economy|Harry Campbell from The Rideshare Guy - a podcast by Cody of Fly to FI and Justin aka Saving Sherpa
from 2020-04-28T07:00:51
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 SummaryHarry's Journey to Side Hustling
Harry remembers when he realized he could sell chips from his lunch as a kidHis 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-wiseHe got an engineering job and worked the cubicle environment
But Harry was used to entrepreneurial venturesFrom 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 yearsHe 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 availableFinding a Career Via Uber / Lyft
Harry never really wanted to drive for a living but enjoyed the processSo he started The Rideshare Guy
Here he would lay out very clearly and thoroughly all the things you should consider as a driverThe 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 inflationHarry talks about how he is reasonably frugal but not extremely
He also talks about how some lifestyle inflation is positiveNothing over the top but things that make his life more comfortable and less stressful
Deeper info on Uber / Lyft and Rideshare GuyIt's important to keep in mind the pros/cons
One big benefit over a similar paying job is the flexibilityIt 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 logisticsGetting something from point A to point B
He also talks about some of the locally specific gigsThese may pay more and even come with more traditional benefits
Getting the most out of being an Uber/Lyft driverHarry 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 routeSo you could add this into your normal day
Then Harry talks about liabilitiesDifferent 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 commutesIt'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 / LyftHarry notes that most people only drive temporarily
He wanted to start focusing on the jobs these drivers are transitioning toHe's done a lot of coverage on transportation jobs like truck driving/taxi drivers
Then other demand-based jobs that have similar setupsBut 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 TakeawaysProvide Value: Harry was successful because he gave a t...
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