11 Gig Economy MISTAKES You’re Making Right NOW

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  • čas pƙidĂĄn 9. 07. 2024
  • Working on different gig economy or side hustle apps seems easy enough but you're losing out on money and making it more difficult if you make any of these 11 mistakes!
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    đŸ–„Video ChaptersđŸ–„
    0:00 - Open Your Favorite Gig App
    0:39 - Save Money For These
    0:55 - Knowing The Basics
    1:19 - Free vs Premium Resources
    2:42 - Are You Actually Covered By Insurance?
    3:36 - Gap Insurance
    4:00 - Have A Financial Plan
    4:51 - Why You Must Multi-App
    5:46 - Multi-Niching (Example)
    6:21 - Here's Why You Never Delete An App
    7:09 - Using Your Vehicle? (Listen To This)
    7:56 - Apps Are Constantly Doing This
    8:43 - Why You Shouldn't Rely On One App
    9:27 - Consider Other Opportunities
    10:37 - Buying A Vehicle For Gig Work
    11:49 - Setting Boundaries
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    QUESTION: Which one of these mistakes have you made? Let us know in the comments section of this video.
    #yourdrivermike #sidehustle #gigeconomy
    Disclaimer: This video and/or description contains affiliate links, when shopping or signing up for apps using these links I’ll receive a small commission. As an Amazon Influencer, I earn from qualifying purchases.

Komentáƙe • 28

  • @YourDriverMike
    @YourDriverMike  Pƙed měsĂ­cem +1

    ⚡Trying food delivery? Decline these 5 orders: czcams.com/video/vrIpsAjr2XU/video.html
    📧Join my free newsletter: www.yourdrivermike.com/newsletter

  • @kennymmmKay
    @kennymmmKay Pƙed měsĂ­cem +12

    When taxes come around I'll be busting my butt to make up what I owe. It's guna be suck. I can't save money for taxes I barely make enough as it is with DD

    • @bmills5824
      @bmills5824 Pƙed měsĂ­cem +11

      Expensing miles vs actual expenses is important. It’s 67 cents per mile which I would most certainly expect to be more beneficial than the cost for vehicle/gas/tires/oil changes/etc etc. You can’t do both. Don’t forget about cell phone bills and other things that you use while working the biz. Those all add up and can drastically reduce your tax liabilities. Not a CPA, please do your own homework.

    • @lvlerritt
      @lvlerritt Pƙed měsĂ­cem +1

      ​@@bmills5824how do you. If you do. Track your mileage to turn in?

    • @rappy90
      @rappy90 Pƙed měsĂ­cem +1

      @@bmills5824 in canada we calculate our business portion of our mileage and whatever % that works out to be is the % we can claim on vehicle expenses, gas and other qualified costs etc. Last year I pretty much broke even, didn't get much of a tax return but also didn't have to pay in.

    • @laurafratoni7931
      @laurafratoni7931 Pƙed měsĂ­cem +1

      Wake up then. Can you do a trade? Cash flow some education for a career that pays? Make life happen, not let it happen to you.

    • @kennymmmKay
      @kennymmmKay Pƙed měsĂ­cem +1

      @@laurafratoni7931 if I was waiting for life to happen I wouldn't be out grinding these apps.

  • @deliveringwithellen
    @deliveringwithellen Pƙed měsĂ­cem

    Great info as always

  • @dvalentine94
    @dvalentine94 Pƙed 29 dny +1

    I chose the weekly pay option and I save 30% for taxes and I also keep $75 for gas. The rest goes to credit card debt which should be paid off by October.

  • @stephenjohnson5589
    @stephenjohnson5589 Pƙed měsĂ­cem +1

    My car is 9 years old. It doesn’t have a lot of value but it’s been a good car.

  • @annek9780
    @annek9780 Pƙed měsĂ­cem +1

    Can anyone tell me how much gap insurance is, I live in New Jersey. I have asked several fellow gig workers in my area and everyone keeps telling me commercial insurance is required to do gig work and it is extremely expensive.

  • @tiffanysteen1845
    @tiffanysteen1845 Pƙed 9 dny

    Instacart or Uber delivery seems time consuming having to spend time shopping. Especially time spent at Walmart pick up and driving around town.

  • @tiffanysteen1845
    @tiffanysteen1845 Pƙed 9 dny

    Select per time vs per order on DD. I missed up not selecting that option bc it’s Saturday on holiday weekend and was raining delaying deliveries so if I had selected per time not per offer I would made more. So I’m reviewing the basics and terms on the apps. I selected DD added in few Uber eats when DD not available. I prioritized DD because of the promotions. I’m busting my butt make $100 a day though I multi app. I’m finding I can’t have Uber eats and DD on at same time at peak times bc it causes food delivery delays but ok when slow. I do rideshare when food delivery is slow or visa versa

  • @tracyhowell2781
    @tracyhowell2781 Pƙed měsĂ­cem

    Well I have a full time job and my door dash I just have it . I just door dash only the weekend.

  • @robertallison9653
    @robertallison9653 Pƙed 29 dny

    Did you give up on making Platinum driver? It's like you went hard to get there, reached Gold a little bit, then the series stopped.

  • @bt60613
    @bt60613 Pƙed 29 dny

    There is recent talk (again) about, though DDash doesn’t confirm, is that they will bump
    you off of the app if they see that you’re multi-apping and that you have the DD app in the background instead of active/front.

    • @Lemondrop1990
      @Lemondrop1990 Pƙed 29 dny

      Tell that to pokemon go. I play that while waiting for an order sometimes. Oh well

    • @Anthonyk747
      @Anthonyk747 Pƙed 28 dny

      DoorDash can't do that though because it's in their own Terms of Service that they will not prevent you from providing YOUR Delivery Service to their competition. It even says that DoorDash is NOT a Delivery Service! It says YOU are the Delivery Service as a 1099 Independent Contractor. Seriously - read the TOS. I promise you - they cannot do that because they wrote it in their own words that they won't do that.

  • @stephenjohnson5589
    @stephenjohnson5589 Pƙed měsĂ­cem

    Taxes aren’t a big deal for me. I just set aside $110 a month and that does it or has for the last 3 years.

  • @bt60613
    @bt60613 Pƙed 29 dny

    I think you were maybe remiss in not mentioning being aware of safety issues/protocols.

  • @JustAGirlAndHerCross-11
    @JustAGirlAndHerCross-11 Pƙed 24 dny

    Write offs 


  • @sadiqgiyasuddin6600
    @sadiqgiyasuddin6600 Pƙed měsĂ­cem

    Never get tickets