11 Gig Economy MISTAKES Youâre Making Right NOW
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- Äas pĆidĂĄn 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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đ„Video Chaptersđ„
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.
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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
Expensing miles vs actual expenses is important. Itâs 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 canât do both. Donât 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.
â@@bmills5824how do you. If you do. Track your mileage to turn in?
@@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.
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.
@@laurafratoni7931 if I was waiting for life to happen I wouldn't be out grinding these apps.
Great info as always
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.
My car is 9 years old. It doesnât have a lot of value but itâs been a good car.
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.
Instacart or Uber delivery seems time consuming having to spend time shopping. Especially time spent at Walmart pick up and driving around town.
Select per time vs per order on DD. I missed up not selecting that option bc itâs Saturday on holiday weekend and was raining delaying deliveries so if I had selected per time not per offer I would made more. So Iâm 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. Iâm busting my butt make $100 a day though I multi app. Iâm finding I canât 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
Well I have a full time job and my door dash I just have it . I just door dash only the weekend.
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.
There is recent talk (again) about, though DDash doesnât confirm, is that they will bump
you off of the app if they see that youâre multi-apping and that you have the DD app in the background instead of active/front.
Tell that to pokemon go. I play that while waiting for an order sometimes. Oh well
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.
Taxes arenât a big deal for me. I just set aside $110 a month and that does it or has for the last 3 years.
I think you were maybe remiss in not mentioning being aware of safety issues/protocols.
Write offs âŠ
Never get tickets