Should I Buy a Car for My Ride-Sharing Side Hustle?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 26 November 2020

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Thursday, and this is the Ramsey Call of the Day.
0:03.8	Part of the Ramsey Network.
0:06.5	Joining me today is Ramsey Personality, Anthony O'Neill.
0:10.5	Alice is with us in Houston, Texas.
0:13.6	Hi, Alice, how are you?
0:16.0	All right, how you doing?
0:17.4	Better than I deserve.
0:18.6	What's up?
0:20.5	Well, I work and i drive uh for ride share and right now
0:28.7	i'm renting a vehicle uh to do it um i was people been telling me i need to buy my own ride.
0:40.8	But so I did baby step one.
0:43.1	I haven't did baby step two.
0:49.6	So do you think I should buy a ride or should I keep renting a ride?
0:55.7	Well, here's the thing, Alice, with the rideshare programs, I do know for an example uh for i won't say name the companies but you got to have at least a car 10 year old no more than 10 years old so
1:02.0	it sounds like you're not in position to do that financially right now okay now is this
1:07.2	ride share program is this the only source of income you have right now coming in?
1:11.8	Or is this a side gate and you have another full-time job?
1:15.9	No, I do this full-time.
1:18.9	Yeah.
1:19.7	So what are you making?
1:23.4	Anywhere from 80 on up a week.
1:27.1	800 a week? 800 a week.
	...

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