Spoiler alert: The following information about how much money you’re blowing on Uber rides is alarming and kind of depressing. If you want to stay blissfully in the dark, then by all means, do. But consider yourself warned.
According to a new analysis from Betterment, an investment service, Uber rides cost the average 20-something more than $300,000 over a 25-year period, reports Money. Not direct costs, mind you, but the amount of money you could’ve made if you didn’t Uber and instead invested that fare. The exact amount of money you’d make if you invested your Uber fare? $323,190. Whew.
To be fair, this analysis is based on an ambitious investment portfolio: 90 percent in stocks and 10 percent in bonds, with about 8 percent return over time. But the returns on a less aggressive portfolio with 60 percent in stocks and 10 percent in bonds would still be $235,000 over 25 years, which isn’t shabby at all. (How much have you lost in crypto this month?)
If all those hundreds of thousands of dollars seem too good to pass up, delete the rideshare app and replace it with an investment one—there are plenty to choose from. At the very least, call one less Uber a week. On average, you’d save $1,140 a year. And think of all the happy hour beers you could invest that cash into.