Working with Uber, Lyft, DoorDash, Instacart, or Amazon Flex can bring in great weekly earnings—but what happens to that extra money after covering your basic expenses?
At LA Elite Rentals, we’re more than just your go-to source for cheap rental cars for rideshare and delivery drivers. We’re also here to help you drive smart and think long-term. That includes making wise financial moves like investing your extra income.
If you’re tired of living gig to gig and want to turn your side hustle into a stepping stone, this guide is for you.
Why Investing Matters for Gig Drivers
You work hard on the road, but your money should be working for you too.
Saving alone won’t build wealth
Investing allows your money to grow over time
It creates future income, stability, and even early retirement opportunities
Step 1: Build a Safety Net First
Before you invest, make sure you have:
Emergency fund – 3-6 months of basic expenses
Stable income – At least a few consistent months of driving
Budget in place – Track what’s coming in and going out
Now you’re ready to grow.
Step 2: Start with Simple Investments
Here are beginner-friendly ways to invest, even if you’re on a budget:
🏦 High-Yield Savings Account
A great first step for saving with higher returns than a basic bank account.
📈 Index Funds
These track the market (like the S&P 500) and are low-cost, long-term investments. Apps like Fidelity, Vanguard, or Robinhood make it easy to start with as little as $10.
💸 Micro-Investing Apps
Try Acorns, Stash, or Chime to invest your spare change from each ride.
🏠 Real Estate Crowdfunding
Platforms like Fundrise let you invest in real estate projects with just a few hundred dollars.
Step 3: Think About Passive Income
Want money that comes in while you sleep? Consider:
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Dividend stocks
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REITs (Real Estate Investment Trusts)
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Peer-to-peer lending
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Creating a digital product or YouTube channel based on your gig driving tips
You don’t need to be rich to start—just consistent.
Step 4: Cut Costs and Reinvest the Savings
One way to free up extra cash? Lower your vehicle expenses. That’s where LA Elite Rentals helps you win.
We provide affordable rental cars for rideshare and delivery drivers across Los Angeles.
Fuel-efficient and hybrid models
No long-term contracts
Insurance and maintenance included
Weekly or monthly rental plans
Save more = invest more = grow faster.
Step 5: Keep Learning
Financial freedom is a journey. Podcasts, YouTube channels, and books like “The Simple Path to Wealth” can help you grow your money mindset.
Final Thoughts
You work hard for every mile—make sure your money works just as hard. Whether you’re just starting out or already saving, investing gives you control over your future.
And remember, cutting down costs (like car expenses) is a smart part of any investment plan. That’s why LA Elite Rentals is committed to giving you cheap rental cars for delivery and rideshare driving, so you can build your financial future while staying on the road.
📲 Ready to save on your next rental and start investing smarter?
Check out our weekly and monthly deals today.
