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Anonymous
Anonymous asked in Local BusinessesUnited StatesNew York City · 8 years ago

Don't taxi drivers in NYC make good money,enough to raise a family and live in a big house?

Hello,

I am the son of Pakistani immigrants in USA, my parents live in Oklahoma,

I started an IT company in Jackson Heights, New York, I currently live at my business, there is a separate room in my business that has 2 daybeds and a tv with an Xbox 360 and ps3 and 2 dess and a refriderator,

When we started our business we took a business loan from the Bank of America, now the bank sent us a letter saying that our loan period is over, and we have 2 weeks to vacate the office or they will send cops to drag us out of the office, or pay off the loan in 2 weeks,

I also gave a white mercedes benz sprinter cargo van that I paid for off the loan,

Me and my business partner don't have money to pay off the loan,

We have to leave the business

I need a place to live and a vehicle and enough money to live to buy food, water, and stuff like that

My Business Partner is from Amristar, Punjab, India, he came to America to attend NYU, to study computer science, he came to America on a student visa, he then fell in love with America and applied for permanent residency, and got accepted, he is still a citizen of India, he has a card to go back to India whenever he wants, after the fall of our business, we divided the remaining amount of money we had from our previous profits, with that money he bought an air india connecting with jet airways airplane ticket back to India from New York JFK to Chandigarh IXC, so he can go live with his family in India,

I'm not going back to my family in Oklahoma, I hate Oklahoma, that's why I came to New York, to study at NYU and met my current business partner, I am staying in New York no matter what, it's like heaven to me, I can't go back home to my parents in Oklahoma

When I got off the airplane and took the taxi to my college dorm 3 years ago,

The taxi driver was Pakistani, he said that he knew a man that sold taxis, he was Pakistani also, he said he gets new taxis everyday, and he will be selling taxis for 10 years straight,he has been doing it for 10 years. He gave me the taxi dealers number, and he gave me his card, I have been taking his taxi services for years, I trust him, he is like a brother from another mother to me,

He also said, that whenever Pakistanis and Indians come to New York with dreams of Computers, Music, Acting, Racing, Sports, and their dreams are ruined they become NYC taxi drivers,

I had dreams if making hundreds if millions then billions of dollars with my IT company, but my dream was ruined because of this financial crisis

And I read online that the weekly income of a taxi driver in NYC is $2000,

Is this true?

I have a Bachelors Degree in Computer Science,

I tried getting other jobs such as Software Engineering but all my applications were rejected, I even tried getting a job at the apple store, but my application rejected again,

Don't taxi drivers make big bucks

Thank you

Update:

I saved $5000 just in case,

I might be able to get a taxi license, and I can take another loan to buy a taxi, and I can take the furniture from my business and l can Rent a cheap apartment

Update 2:

I saved $5000 just in case,

I might be able to get a taxi license, and I can take another loan to buy a taxi, and I can take the furniture from my business and l can Rent a cheap apartment

5 Answers

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  • 8 years ago
    Favorite Answer

    Don't believe that site. Look at several. Salaries are a lot less than that. How about fuel costs, and insurance. It is a hazardous job too. The only guy that is rich, is the guy selling the cabs. You should know by now that it is not cheap to live there either. You will be lucky to survive, month to month. http://swz.salary.com/SalaryWizard/Taxi-Driver-Sal...

  • ?
    Lv 4
    5 years ago

    a medallion is $635000 at the time. one of those can get u 2 taxi drivers. yes a taxi driver gets a lot of money recent poll should that one makes up to $150 in the dc area imagine what a city like long island/Manhattan with 20 times more people could make my dad (former driver) his freind has been a driver for 15 years. he owns 17 houses. all over $1million easy he has a $5m house. i live in a house that costs nearly $3m thats my dads 5 years hard work.

  • Lan
    Lv 6
    8 years ago

    Rent are so high in NYC that regular people cannot afford to live there anymore.

    Taxi drivers make crap money in NYC since there are so many cabs.

    Vegas....is where the big money is.

  • 8 years ago

    They can make good money but most drivers work 6 days a week,10-12 hours a day. One advantage to it is they can take breaks whenever they want. If they have to pick up their kid or go grocery shopping they have the freedom to do so.

  • 8 years ago

    Yes most Taxi Drivers make big bucks if they work hard. Thanks for sharing your story.

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