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Would You Invest in Lyft?

Would you invest in Lyft if you could? Today, senior RSG contributor John Ince tackles this question, including how you might invest in Lyft, and why you should (or shouldn’t) invest in Lyft, if you had the opportunity. 

Lyft is currently valued at around $15.1 billion. Clearly, it’s pretty difficult if not impossible for the average rideshare driver to invest in Lyft – for now. Until Lyft goes public on the stock exchange, drivers won’t easily be able to “invest” in Lyft. However, it’s interesting to think about if you could invest in Lyft, would you really want to? A secondary market, called EquityZen, recently offered shares of Lyft for sale, so I decided to look at how investing in Lyft would work and why, if at all, it would be worthwhile to invest in Lyft (hypothetically, of course). 

New Lyft Driver - Earn 1500:week

By the way, we’ve noticed that Lyft is an extremely popular investment on EquityZen and it rarely becomes ‘available for investment’ but when it does, it’s gone in a matter of minutes.

Would you invest in your own money in Lyft if you could? Today, senior RSG contributor John Ince tackles this question, including how you might invest in Lyft, and why you should (and shouldn't) invest in Lyft, if you had the opportunity. 

Find your next ride with FarePilot

FarePilot shows you hotspots to help you get more rides. Download it here.

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Calculating How Much Uber Takes from Drivers

Have you ever wondered how much Uber makes from drivers? It’s difficult to know exactly how much Uber makes in profit vs. drivers’ profits, but senior RSG contributor Will Preston tackles this challenging question and shares his analysis below.

I made a little over $200 driving 400 miles last weekend in about 12 hours of driving. But the question I wanted to answer is how much did I actually make – and how much did Uber make – after we take all expenses into consideration.

How much Uber makes from you will depend on when and where you drive, and how much you make in tips will also factor in to your calculations. For the purposes of this article, I’ll break down some key concepts to understand before getting into the spreadsheet I created to determine how much money Uber makes off of my driving. I’ve included a copy of the spreadsheet for you to run your numbers as well – let us know what you come up with in the comments.

Have you ever wondered how much Uber makes from drivers? It’s difficult to know exactly how much Uber makes in profit vs. drivers’ profits, but senior RSG contributor Will Preston tackles this challenging question and shares his analysis below.

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FarePilot: A Tool That’s Helping Me Find Rides

Christian here, This post is sponsored by FarePilot but as always, all thoughts, experiences, and opinions are my own. I wasn’t sure if I’d like the FarePilot app at first, but it started growing on me once I gave it a chance and now I dig it. You can take it for a test run yourself by using their link here (yes it’s free).

I know my area fairly well, but there are still a lot of rides that take me up into the hills, out in the weeds, or into the middle of suburban neighborhoods where I feel hopelessly lost.

Instead of waiting around for a ride, I often just drive back to The City as quickly as possible to be in familiar territory. I know I can probably find rides in a new place, but I don’t know where to hang out for them.

…that’s when FarePilot comes in.

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Uber Debit Card: Review, Rewards, Perks, & Benefits

Have you heard about Uber’s new Rewards Debit Card? If not, we’ve got you covered. RSG contributor Melissa Berry will cover what the debit card is, what its benefits are, and if it’s good for drivers. Senior RSG contributor Christian Perea also contributed to this article.

Uber Debit Card Review

Uber recently announced a new Visa Rewards Debit Card from GoBank. If you’re wondering what happened to the Uber Fuel Card, it turns out that Uber is ditching it for this new Uber debit card. Uber also has a Visa credit card that is targeted more towards riders but the new debit card will be exclusively for drivers. Debit cards traditionally don’t offer many benefits or rewards, so it’s cool to see a product like this.

Note: You’ll likely be able to get better rewards with a credit card but remember, this product is a debit card!  For those who don’t have a high credit score, this debit card may be the only option.

Have you heard about Uber’s new Rewards Debit Card? If not, we’ve got you covered. We cover what the debit card is, what its benefits are, and if it’s good for drivers -

Uber Debit Card

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2018 Tax Changes For Uber Drivers – New Tax Rules

Today we have a guest post from QuickBooks Self-Employed with more information on what to do in 2018 after the passage of the Tax Cuts and Jobs Act. The good news is that most drivers will end up paying less in federal taxes this year IF they take advantage of the right deductions. Right now, you can get a 30 Day free trial of QuickBooks Self-Employed and then 50% off for the next six months afterwards.

👉 Your two most important tools during tax season: Turbotax to file your taxes and a mileage tracking app to keep track of your miles!

What’s New In Rideshare Taxes For 2018?

The 2018 Tax Cuts and Jobs Act brought on many major changes to both business and personal income taxes. Rideshare drivers are affected mostly by the business changes since driving for apps like Lyft and Uber is treated as independent contractor work.

Here’s what you need to know if you’re currently a rideshare driver or are thinking about driving to earn some extra cash.

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