Real Income, ZERO Profit Driving Uber?! $144k In Cars?!

Added: 2026-05-28

[00:00:00]Income was real, but the profit wasn't.

[00:00:02]Pay attention to this sentence, folks.

[00:00:04]Again, let me read that. The income was real, meaning the cash flow, but the profit wasn't.

[00:00:12]Between your insurance, between your car note, the guy spent $144,000 on two cars.

[00:00:18]Ramsey said, "Joseph focused too heavily on the money coming in, which is cash flow, and without fully accounting for financing costs, depreciation, gas, repairs, and maintenance. Hallelujah."

[00:00:28]On this case, I agree with Dave Ramsey.

[00:00:30]Um Joseph later admitted that he had not properly calculated how much the vehicles were actually costing him over time. Hmm.

[00:00:37]Well, the situation worsened once the car started losing value faster than the loan balances fell. Mhm.

[00:00:44]Joseph said he was already upside down on at least one of the loans and had fallen behind on payments while earning about $22 an hour at his current W-2 job.