😤 Uber Doesn’t Pay Well | Costs Of Living
This video is going to be a little different I wanted to have a conversation about cost of living now a lot of people don’t realize how much drivers make or don’t make yet we’re considered independent contractors with our own business and many business owners out there know if you
Running your own business you need profits in order to live on because if you’re not making a living I mean you’re not going to be able to afford to cost a living Uber and lift they always talking about well we need to know what driver’s expenses are many of my you know videos
You’ll hear me talk even on my live streams I’m always talking about well if they want to know how our expenses are just talk to somebody in a cubicle just walk up hey hey Britney how much is
Your cost of living you know what and that’s a driver cuz we all living in the same cities we all doing the same thing just trying to make a living so if you’re trying to put us at an
Employee rate but yet got us doing independent contractor things like paying for our own car paying for our own car insurance full coverage paying for our own fuel our own repairs that adds to our cost of living when we beating these cars up now I got videos about to drop right
After this kind of showing you what it cost to live in Phoenix not only that I got another one saying what it cost to live in Minneapolis now there’s different like levels cuz some people
Say you know what it only you know is good at $30,000 I’m good 47,000 90,00 I mean you’ll see different levels so you got to say hey my cost of living needs to be on my level everybody not
Going to live like a millionaire tell you that right off the bat but with these videos it’ll kind of show you approximately where you need to be to live comfortably like somebody that owns a business not somebody on the bottom scraping a goodbye but comfortably with somebody who needs
To generate savings needs to generate profits this is what this video is about inflation it continues to impact families and people living off of one income a new study reveals just how much you have to make to live comfortably in Arizona in most Valley Cities it’s more than
Six figures Fox 10’s Lindsay Reyes has reaction from Arizonians I got a lot of laughs when I told people the salary was over $102,000 and here’s why I believe minimum wage is at least $15 an
Hour right now and that’s at the end of the year that’s not going to equal up to $1,000 not not a year so people get a lot of side jobs or something but it is hard according to a new study by smart
Asset to live comfortably in Phoenix Mesa Chandler and Scottdale the salary needed is $ 102,7 in Gilbert and Glendale it’s even more $12,750 or more than $49 per hour the Nationwide average is around at $96,000 now it’s funny that they say you need around $49 an hour how many of
My videos have I said I need at least $40 $50 an hour because I want to live comfortably I’m a business owner I’m out here driving through these streets I’m beating my vehicles up I want to at least come home with some groceries you don’t make enough money to pay for food around
Here keep the lights turned on pay for my mortgage if I ain’t making $40 $50 an hour I mean what’s the point I’m going in a hole I can’t live off for $15 an hour like these fools in Minnesota
Is asking for I can’t do that not not to mean to call them fools but I’m just saying I mean that’s pigeon pay real [ __ ] that’s pigeon pay I’m not asking for no $15 an hour if you’re a business
Owner you want to live comfortably you putting a lot of risk on yourself out in these streets and these people are telling you you’re not even worth $15 an hour that uh Probably sounds about right this is based on the 50 3020 budget rule allocating 50% of your salary to your needs 30%
To your wants and 20% towards savings or debt and I mean it’s way over the median income so it’s you know it’s depressing to hear because it as the uh cost of living goes up it will make it harder
For people to PR prepare for retirement but I’m not surprised based off of uh just the direction of national debts and deficits and inflation now what this guy is talking about is actual benefits like retirement things like that the cost of living health insurance and all that going we
Don’t even get that from these apps we basically operating at a gross revenue for every time we driving these streets we still got to look at we and tearing our car the tires the brakes you know the motor mounts we’re looking at everything tearing up we need me fuel window regulators
We’re talking about expenses to run a business and that’s all we’re covering if you’re making $15 an hour $20 an hour because at some point something on your car is going to break and it’s going to
Cost you 1,500 it’s going to cost you 5,000 for a new engine something’s going to break and if you haven’t generated the profits to fix that now you got a busted car in your driveway now you got to
Call Hertz you got to call Avis these companies that have you right where they want you this is why I say if you want to make it in today’s world you got to be pushing 4045 $50 an hour because
If you’re not cherry picking if you’re not doing private rides here and there you don’t have your own set of clients out there you’re not going to make it in today’s economy it’s just not happening
Many are having to find ways to save money where they can I’d say I’m making about anywhere between 50 and 60 right now I work from home I make about $58,000 a year really lucky like I’ve been able
To find rent that is under what the average rent is I pay under $1,000 in rent um that is not the case for people that I know other single people in the city we had a inflation shock there for
A while where it was double digit um inflation numbers which we hadn’t seen in a long time uh right now it’s down into the 3 4% range so that’s much more acceptable um but if my analysis is
Right I think inflation is going to be higher than that 2% that we experienced for the last 20 years so unfortunately I think this is going to be something that we’re going to have to deal with uh for the foreseeable future so if leading economists and finance guys are saying they just
See things getting worse you got to be smarter with how out there driving you can’t be a pigeon you can’t be thinking well one day they’re going to start giving us better bonuses life is going
To catch up to you these guys are experts saying it’s only going to get worse for people rents are going to keep going up prices are going to keep going up in groceries and food shortage is going
To happen left and right if you not sitting on saving somehow you not sitting on some YouTube channel that’s telling you how to save money where to save money you’re going down the wrong path if
You’re out here beating up your car doing two ,000 miles a week you’re not going to do it right that means you got to do it smarter cuz you’re going to beat that car up that you owe money on you’re
Not going to be able to sit there and afford the repair now because you’ve been doing pigeon rids the whole time this is not letting up all of what’s going on with inflation and recessions this
Is not going to let up you got to be smarter you got to separate yourself from the normal thought pattern of people out there and say I need to do something differently than what everybody else is
Doing I need to not go out and Club maybe I need to drive a little smarter maybe I need to have a little side business I need to start padding for my own personal future start relying on these apps
Maybe you got to do something different cuz this ain’t going to end anytime soon the survey also found that a family of two working adults with two children would need more than $238,000 to live comfortably reporting in Phoenix Lindsay Reyes Fox 10 news that was just Arizona now Minneapolis
Is a little bit less a little less to live but as you can see from what these drivers are making up there it’s nowhere close to what they’re saying what’s necessary to live comfortably it’s like I said it’s not saying you’re going to be baling out of control just basically to live comfortably
To keep your bills paid on time to not stress to pretty much live comfortably well if you’re single in Minneapolis or St Paul you need to make at least $90,000 a year to live comfortably that’s
According to a new survey from Smart asset which also found a family of four needs a quarter of million dollars every year to be comfortable now that survey took into account spending on Essentials like food housing and transportation and the money spent on hobbies and entertainment
Now what cracks me up is when they say hobbies and entertainment most of these 80 hour a week drivers they ain’t got no Hobbies they ain’t got no form of entertainment and they still ain’t making the amount of money required to live comfortably ain’t that stupid they’re making about $2,000
A week gross that’s all they’re making gross now when you start taking away how much they spend on fuel how much you spend on repairs how much they spend on just keep keeping a car running right how much they spend on food while they’re out and everything nowhere close to making it so
Working these 80 hours a week it’s not panning out looking like it’s something lucrative nor is it sustainable ain’t no way you going to sustain that for long term oh I’m going to do this for 5
Years I’m going to work 80 hours a week for the next 5 years it ain’t sustainable now this of course sparked a big discussion all over social media like what is considered comfortable and what’s it cost to live comfortably outside the Twin City $93,558 that is the salary a group
Called smart asset says just one person needs to make in Minneapolis to live comfortably what’s it take to be comfortable for one person in St Paul well they say ah just $ 87,3160 a lot of people
Are looking at those figures saying dang that is comfy cozy others have looked at it and said yeah it does take that much to be able to have a run-of-the-mill regular comfort own level of life now what you got to understand about some people’s level of comfort is basically based on where they
Come from I mean I come from the hood so my level of comfort is just making sure I got power making sure I got food in the fridge making sure you know my dogs got dog food I got you know shoes
My shoes only cost like 30 40 bucks a pair I don’t spend a lot on shoes to me that’s comfortable but then you got some people that’s in the hood they need a $130 pair of shoes they need to set of 30
Inch rims on their car to become they need [ __ ] like that Comfort is always going to be a level of discussion for people for me I mean I look at Netflix I spend my money on Netflix and Spotify
And YouTube premium so to me that’s what every month I watch movies on that so I don’t have to go spend money at movies and things I could just watch it at home on my big old 65 inch TV that I
Got on a deal from somebody who was just getting rid of their TV cuz they was moving I actually had the money I was say I’ll buy your TV off of you it’s pretty comfortable I couldn’t afford to go
To a store and buy it so and it was basic Bally pretty new so I bought it but my point is people want to say that they’re comfortable but they always want more you’ll see somebody living in
The hood living ghetto as a [ __ ] oh I’m I’m comfortable man I’m good I’m good got a whole [ __ ] bowl of ramen noodles in front of them I’m good I I ain’t worried about nothing man I’m good putting hot dogs and eggs and [ __ ] it’s like to them that might be comfortable to
You it might not be comfortable to you might be I want to be able to take my girl off for dinner at least once a week we go on a date every week we keep our relationship live we go on a date
Every week go to Red Lobster that might be what keeps you comfortable so everybody’s comfort is a little different for me comfort has always been anybody who knows me knows I’m a car guy
I got to have more than one car because I work on my cars and I need something to go to and from the store a lot I use my cars a lot so I got to have something in case it breaks down I know I don’t
Have to stress I just order parts and use another car I have always been that way some people they don’t want to say own and two cars is comfortable I mean I got a lot of insurance I spend about $460
A month on insurance alone but it it’s long as I’m making the money I’m comfortable I want to make enough to be able to pay my mortgage I don’t want to have two three $4,000 a month in rent I
Only pay $1,500 a month for mortgage I want to be comfortable so everybody’s level of comfort will be different so for me these numbers like I said when I was working corporate America I was making
100,000 a year 75,000 a year 92,000 a year so to me that was comfortable to me so being a hood kid maybe making 35 $40,000 was comfortable because I was scrounging but as you grow you should grow
As a person you should aspire to say I deserve a trip to you know the Caribbean to go see how they live over there I want to take a trip to Portugal to see how they live over there maybe that’s what
Your level of comfort is been cause you don’t want to scrounge at the bottom who wants to work their whole life just to work I don’t want to work my whole life just to work we live on planet Earth
I want to see this place a little bit I want to enjoy this place a little bit and that’s why I work I want to be comfortable and since neither Gordon nor I have the comforts of a no child home
Budget life anymore we decided to take a look into this yeah with kids a family of four this survey says a couple would need to make $261,000 to be comfortable in the City of Minneapolis when we
Posted this story on our website well it sparked a lot of discussion and a lot of reactions I was kind of in shock a little bit because there’s a lot of people in the city that don’t make anything
Near that when we asked Minneapolis residents how much it takes to live in Minneapolis $90,000 seems like it’s at that bare minimum we got answers that were all over the place I don’t make that much and I feel like I live comfortably and do activities that I love and enjoy more than 900
People answered our poll on X nearly half say 90k in Minneapolis seems about right about a third say it depends on how you spend your money my first gut reaction was wow that’s pretty high Grant Meyer from True Miix advisor says it’s important to understand how they got to that
90,000 number the survey from Smart asset used that the MIT living wage calculator to see how much you need just to survive in more than a 100 major US cities for Minneapolis that number is about $47,000 remember that numbers not to live comfortably 47,000 is just to survive
You’re barely getting by what’s the bare minimum to cover housing transportation foods Meyer says the survey used That Base number and followed a 50 302 rule with bare necessities being 50% of your budget 30% for entertainment and hobbies and the remaining 20% for savings investing or
To pay off your debt the survey argues people who have enough money to follow that formula will not only have enough to live but will also feel comfortable the 50-30-20 rule that they use it’s a good starting point for a lot of people Meyer says their logic makes sense but after
The bare necessities are paid for does more money actually make you feel more comfortable there is a saying More Money More Problems and it is not necessarily a false saying now I beg to differ on the more money more problems for everybody I think more money more problems come from people
Who in their brains live above their means I mean they’ve always been that way even when they had little money they lived above their means now you get more money you’re going to live above a higher means more money more problems is for the financially uneducated people if you give
Somebody who knows money well knows the of using this tool well they’re going to do pretty well with more money they’re not necessarily going to go nuts you see people winning a lottery what do they do they go nuts they were never smart to begin with they were just stupid with a little
Bit of money now they stupid with a whole lot of money so More Money More Problems come from people who can be frugal even when I got money I still shop at the Goodwill I love going to the
Goodwill I still work on my own cars even what I don’t be like oh man I’m going to save some money I’m just going to go drop it off at the dealership I got money I’m good I got money I ain’t like that
I know money is not forever but money also is not for everybody you start giving your money to the wrong people investing your money to the wrong places you going to go broke and they going to
Go broke I choose to use my money for smart things I know if I keep the Goodwill up and running it’s always going to be closed there for me if I keep buying stuff from expensive places they
Might close down I cook at home I don’t eat at restaurants there’s a reason why people that get a lot of money do better in life they don’t always have problems trust me some people that got a lot
Of money still end up with the same problems we have clients that earn a large amount of money and many people may look at their income and think wow they must have everything they want they must have
No money worries no stress they can do anything but what’s amazing is your expectations adjust to where you are in life Meyer says chasing a number like $90,000 people do it all the time they look at what their neighbors have what their friends have and they feel this desperate need to keep
Up we’re inundated with marketing that tells us what we should buy and what we need to be happy and then we’re flipping through our phones on social media and we see these influencers doing all these great things but do you actually need those things to feel comfortable or happy instead
Of chasing a number Meyer says think about the things that actually make you happy and Chase that instead Define what comfort means to you as a person look at the relationships in your life and the Fulfillment you get from there because the money won’t tell that or won’t capture that
I think it’s an illusion that happiness is money money isn’t going to make things better now that’s the statement I can agree on money’s not going to make things better sometimes money makes it
Worse cuz I remember when I first got to St Louis this is going to be a long story I first got the St Louis no it’s not going to be that long it’ll be quick but a lot of people didn’t mess with me
When I was in Vegas a lot of people didn’t me for I lived in Vegas for 15 years never got bothered the moment I touch down in St Louis everybody’s oh man your cousin Jeff’s retired he gave up
Corporate Finance he’s not in Vegas he’s here now do you know how many people were coming to me for money people I had not talked to in 15 years hey man can you loan me 800 man my rent’s gone man hey
Man can you give me $2,000 I’ll give you the title to this car right here man that car don’t even run I mean those were the kind of issues I was having cuz people knew I was done with corporate America
And now I’m in St Louis trying to do my own thing with my money everybody wanted a part of it money didn’t make me happy at that point in time and I was like now I wish I would just stay where
I was in Vegas I wish I was broke so nobody would bother me but what I did do was started doing what I love doing I started working on cars I opened up a mechanic shop I started doing my own garage
Work I met somebody who was down with working on cars with me so we worked on cars together that was my enjoyment all the money wasn’t making me happy it was making me upset because everybody
Was in my face about it what was making me happy was the fact that now I could go sit in junky yards all day nobody will bother me I’m taking out engines I’m taking out Transmissions I’m working
On exhaust systems I’m doing Cal converters I was actually having fun with my money for once I was not in Corporate America just watching it stack in my bank account the whole time working 60 70 hours
A week knowing I had no way to spend it because I was working a whole time now I was out in the world now I’m in junkyards I’m in auto part stores I’m in garages I’m talking to people about cars
And motorcycles I’m adding parts to bikes all day I was actually having fun with my money because my money was buying me the time to give me the freedom to do what I enjoy with my life so if you
See that 990,000 number and you think I don’t make anything close to that am I doing something wrong will I ever feel comfortable well it all depends on what comfort means to you grant tells me he has
Clients who make hundreds of thousands of dollars a year and many of them are still worried about money so it’s not the number that matters it’s how you feel about that number if you feel it’s enough then it’s enough and you can feel good about that yeah past that point of living you
Know that living wage and what you have left over you know the first thing I thought of when I saw this study I I just heard my dad and my head and just saying don’t do it Janna don’t be a smart
Asset yeah why dude just laugh her off like that dude was like yeah he is wrong hey lady you need to get on him about that don’t let him laugh you off that was a good joke it was a dry sense of humor but I got it don’t be a smart ass it
When we mention cost of living, we have to consider what we DO for a living to MAKE a living. These apps are using drivers to earn a living for everyone of their staff and all of their partners, but leaving drivers high and dry – even tho we do all the work.
#uber #lyft #minneapolis #Arizona #driver #rideshare
35 Comments
True just spent $1202 on mechanics my car is good now, but he said in about 3 months need to get a new control arm that's $1200 just gone. Thank jeff I had more then that in my savings
They pay pigeon wages cuz there's always a flock of new or continuing pigeons scurrying around pecking at all ubers crumbs. 🙄
Pigeons only make enough for popcorn 🍿
😍🔥
@ 8:04 – they have no time for hobbies because they're too busy driving 80 hours a week and destroying their car for these apps
I'm in St Louis mo….. UBER is paying us pennies on the dollar….Pay up Uber…. Anyway wish I was in Phoenix Arizona
Jeff this was some really quality content. Unfortunately, no matter what you say or how many times you say changes next to nothing. The barrier to entry means Uber/Lyft will always have a monkey behind the wheel.
That's what I'm talking about, I want to have enough money to be able to pay my bills and enjoy the things I like to enjoy in life and have the time to enjoy those things. I enjoy traveling seeing the world. 🐬… I truly believe God did not design this whole world just for us to sit in one place and not see the beauty he has created. I want to enjoy life not running around stressing on how I'm going to pay for my basic necessities and I want to be able to help others without worrying about ohh God if I help them it's going to put me in a financial bind.
Uber should learn that 25-30% of the fare is fair but they cry like a toddler and say NO so I think when the app glitches and they get 0% sounds fair to me
Both Uber and Lyft are big greedy companies. It is not sustainable to drive for these apps and have a comfortable living. Build up your private clientele, look for other means of income. These apps are not here to care of us by any means.
Today I just got my class A permit to get behind the wheel of a semi truck.
I truly wish the best of luck for the community that follows The Micdrop BBQ. Allot of talented/intelligent individuals here. Stay positive and F these apps. Take care of yours.
Gas ⛽️ up 35 cents a gallons today in Florida . just about head out ubering. Frist trip I received $2 offer delivery sick my stomach.go straight back in the garage.
When I drive and my car breaks down I don't have enough to fix it from Uber Lyft earnings I have to dig in my own pockets or borrow or sell something so glad I'm almost done getting played like a fool
I have both of my homes paid off. Uber can kick rocks if they dont want to give decent pay to the drivers.
🐦⬛🐦⬛🐦⬛🐦⬛🐦⬛🐦⬛🐦⬛🐦⬛🐦⬛🐦⬛🐦⬛that pigeon pay is ugly and it’s RIP🕊️lol
Don’t forget about Biden economics that’s ruining the economy. Let’s hope Trump gets into White House to turn this ship around.
The 300 BB Q channel where “Smoke swirls, secrets sizzle where flames dance and flavors collide. Always keeping it 100 😊
Dont forget wait times to get rides and dead miles. If you factor those in, you may make less than minimum wage in some states.
Uber/Lyft dont want us to live comfortably. They want us to live in constant stress over wages and drive more for them for low pay.
Speaking of money, rich people generally do not tip. After dropping them off in opulent houses or exclusive resorts/clubs, I rarely get tips. The best tips compared to fares come from people who work in the service/tip economy. One guy who worked in a mexican restaurant tipped me $6 on a $5 fare.
Can’t tax economies into prosperity! When a faction of people get paid to not work and the rest work and get taxed in order to pay for the people who don’t brings down the economy as a whole.
Thought I was making enough until the same met I made I had to use it to change my brakes and rotors $2100
AMEN ~ IT TAKES $6,000 TO $7,000 MONTHLY TO LIVE WITN
• RENTS DECENT AREA
• UTILITIES
• INTERNET TO CONNECT FOR BUSINESS POTENTIALS
• FOOD | TRANSPORTATION | OPERATIVE DAILY EXPENSES
• VEHICLE & ITS EXPENSES
• SAVINGS …. BEECOMES TOUGH
—> NO ROOM MADE FOR TRAVEL, VACATIONS & DISPOSAL INCOMES !
= SO FOLKS MUST """"LINK UP NOW FOR SHARED LIVING NOW"""" ((NOT RELATIONSHIPS BUT MORESO ROOMATES)) OR COMMUNITY HOUSES + RENT ROOMS OUT OR SOMETHING = U MUST GET CREATIVE2SURVIVE NOW !!! WE MUST BAND MORE 2GETHER TO TRY TO GET THESE ENDS TO MEET !!!
""""2GETHERNESS + SHARED BORROWING + SHARED CONTRIBUTIONS"""" !
""""FOCUSING ON CREATING INCREASED INCOME, PROFITS & REVENUE = BEING IN BUSINESS PARTTIME TO FULLTIME IS YOUR ECONOMIC SALVATION""""" !
#GROUPLIVING #SHARECARELIVING #WE ARE ALL IN THIS2GETHER !
More money more solutions to problems😄 In Atl you need about $80k per year to live confortable for 1 person.
In my area of Nashville people are renting homes for $2900 a month. Idk how people are affording it honestly:
$15 an hour isn’t really that much especially If gas insurance etc comes out of that too.
Professional truck drivers are paid by the mile and at around $0.60 a mile that’s not counting gas and maintenance.
Travel at an average of 60 mph that’s $36 an hour. $1440 on a 40 hour week
Gas in California is more expensive than in TX and things like that should be considered too in the driver compensation.
Seeing drivers and users compare amount paid for the ride versus what the driver made though seems skewed unfairly against the driver for connecting a rider and driver.
When protesting high inflation and no retirement are top talking points when countering Uber rhetoric.
Excellent point!!! BRAVO!!!❤❤❤
So true and thanks for making this vid 🎊 🎉
Uber always sucked I always got paid more with lyft
I just finished 60rides lyft gave me 450
I made 1000 in 2days
Problem is 70% of people/drivers are low IQ. They brag about driving 250 miles and 33 rides/ orders for $200. But after 4 months that car is gone. Then add repairs if you cannot repair yourself you are done perio. I might add those income statements are per househould not per person. That's multi person household's .
Hello didn't know you changed your channel name ☺️ 🎉🎉🎉🎉 will be on the lookout
find a real job and work uber as a side gig, its not ment to be a primary job…
I'm in California and the taxes on Uber income add to the pain.