One in 10 American workers rely on the gig economy, but sustainability is a concern. A man financed two cars to drive for Uber and Lyft, now struggling to make payments and credit score dropping. Advice from Dave Ramsey: get rid of one car to avoid bankruptcy. Voluntary repossession can still negatively impact credit. Driving for ride-hailing services is risky; no guaranteed minimum wage. Some drivers barely break even after expenses. Before investing in a new car for gig work, track earnings and expenses with current vehicle. If facing unaffordable car payments, consider selling the car yourself. Ramsey advised Joseph to sell his car on his terms to control the price and avoid repossession. He also recommended earning extra income to pay off the loan and improve financial literacy.

To improve finances, Joseph should track expenses, pay off high-interest debt, and build an emergency fund. Following these steps can help him recover financially.

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Read more at Yahoo Finance: California man owes $2,800 a month on cars he bought to drive for Uber. Dave Ramsey says he was working for free