Trading Time for Money
I tried driving Uber for a month.
The Numbers
- Revenue: $2,000
- Gas: -$400
- Depreciation: -$300
- Taxes: -$500
- Actual Profit: $800
For 80 hours of work, that’s $10/hour.
The Lesson
Don’t pick side hustles that scale linearly with time. Pick hustles that decouple time from money.
- Bad: Driving, manual labor.
- Good: Digital products, consulting (high rate), content creation.
Your time is your most scarce resource. Don’t sell it cheap.