We are so close to the start of the New Year! I hope you enjoyed your Christmas. Santa was good to me this year. I got two things I really wanted: a drone and a telescope. So far, I like the drone better. With the telescope, you have to really squint and I’m not a fan of doing that. But, with any luck, it might turn into a hobby. Only time will tell. But, that’s not why your here. You came here to see how much income I earned from doing Rideshare. I call this new project: Driving for Dividends. So, without further adieu, let’s see how much dividend stocks I was able to buy during the 4th week of December 2021.
Driving for Dividends – Income
During the 4th week of December, I earned $140.08 in income broken down as follows:
| DECEMBER | UBER | LYFT |
| Week 1 | $0.00 | $0.00 |
| Week 2 | $5.96 | $45.93 |
| Week 3 | $9.81 | $13.13 |
| Week 4 | $0.00 | $140.08 |
| Week Total | $15.77 | $199.14 |
| Grand Total | $214.91 |
As you can see from above, I made $140.08 during week 4 and it all came from Lyft. I did not drive for Uber during last week. There are numerous reasons for this. But, the main reason had to do with a promotion that Lyft was having and I wanted to hit that quota to get that bonus income. Each company has their weekly bonuses at times and so I may focus on one company during one week and another during the next. At the end of the day, however, all the income I earn will be used to purchase dividends.
For the month of December, so far, I’ve made a total of $214.91 in income. As there are 5 weeks in December, I will report on the final numbers in my next Driving for Dividends post.
Annual Rideshare Income
Here is a graphical representation of my rideshare income earned in December in relation to the rideshare income earned in previous months.
As you can see, I am just getting started. But I’m excited to report on my side hustle income on a weekly and monthly basis.
Conclusion
I am really excited about this project. $214.91 doesn’t seem like a lot of money for all of December, but every dividend counts! What’s more is that there is still one more week of income left to report in December. The good news is that I should have a couple of good driving days over the weekend, so maybe I can earn at least $300 for the whole month, if not more! The goal, of course, will be to increase my income on a monthly basis! Of course I won’t be able to do that every month, but that’s at least the goal.
What did you think of this post? Let me know your thoughts by commenting below.
Nice thing is the flexibility to drive when you want and how much. I think this is going to work out nicely for you and your portfolio
I hope you’re right SD Growth. Thanks for the vote of confidence!
I hope so SD Growth. Having a purpose for the income I am making certainly helps with both motivation and consistency. The longer the project lasts, the more money I make, and in turn, the more dividend stocks I can buy. So, it’s definitely a win-win. Thanks, as always, for stopping by.
Interesting! That seems like a nice side hustle! I’m wondering what your actual profit is, so minus gasoline or other charges. Can you share that as well?
Have yourself a great New Year!
That’s a great point Mr. Robot. The problem is that I do a lousy job tracking my expenses. Sometimes I drive with a full tank of gas, but other times, with half a tank. So, it’s hard to tell. I might drive for an hour, and then take a break running errands, and then back to driving. So it’s really hard to know how much gas I spend – just driving rideshare. I also typically go to the car wash every couple of days, but I’m also on a $40 a month membership with the car wash company. I wash my car for Uber, and for personal use, so again, it’s hard to split the cost.
Maybe one day I’ll figure it out. I’ll be doing my taxes for the first time, and so I might keep a better track record for when I do my taxes in 2023. Usually, I don’t itemize my deductions, but my financial life is getting more complicated where I might need to start doing that. So, stay tuned.
The one thing I will likely start accounting for, however is taxes. So, in all likelihood, starting in January 2022, I may start saving 30% of my revenue for taxes and investing the remaining 70% into my dividend portfolio.
Thanks for the comment and Happy Holidays.