Here’s How You Can Graduate with Two of the Five Cs
The pursuit of all five Cs — car, cash, condominium, credit cards and club membership — is a concept that the older generation is familiar with. But in turbulent economic times, Millennials often find reaching the five Cs a lot more difficult.
Plus, out of the five Cs, a club membership is no longer a must-have. A car and cash, on the other hand, continue to be common Singaporean aspirations. After all, a car means freedom to travel, and who doesn’t love cash?
The tricky part, especially for freshly graduated Millennials, is that they are cash-strapped and unemployed. How, then, do you achieve the two most alluring Cs? Try driving GrabCar for a change.
1. It’s a Legit Source of Cash
It’s difficult to find a full-time job fresh out of university. Everybody knows that. Before landing your first job, however, being a part-time Grab driver is a great way to earn some disposable income on the side. All you need is a valid driving licence, Private Hire Car Driver’s Vocational Licence (PDVL) and a car — a rental or family car — and you are good to go. Maybe it won’t matter so much now but, once the student debts come in, you will be thankful for that month of two of GrabCar driving, which can earn you up to S$38 per hour.
2. It’s One Way to “Own” a Car
Speaking of car rentals, yes, they do cost money, but covering the base cost isn’t completely out of the question as a GrabCar driver. Assuming that the rental costs in Singapore, say, S$80 per day, that equates to just eight S$10 rides — not impossible at peak hours. The best part about being a GrabCar driver is that you get to decide how much beyond the base cost you want to earn. If you have already hit your target for the day with three hours to spare, your rental car then becomes yours for the night. Want to drive to Bedok to have supper with your friends? Do it!
3. It’s Incentive-driven
As a Grab driver, you don’t just earn the amount of money you take home at the end of the day. In fact, Grab has an attractive incentive system that rewards its drivers. The more you drive, the bigger the incentives at the end of the week. Think of it as a weekly bonus for a job well done at the office. At the end of the day, owning a car is expensive in Singapore, but every bit counts in the long run!