This further validates your decision to leave 6 figure engineering job/career.👍 I respect your modesty and openness to share personal wealth information. Keep in mind you have far greater autonomy as a content creator than reporting to duty at some engineering firm. Isn't your deductions less as self employed than salaried employee?
You hit it right on the nail. Autonomy is worth about 50% of my salary. That is, I am willing to take a 50% pay cut just so that I don't have to follow orders day in and day out. Deductions are by FARRRRR much much more as self-employed. All the equipment I use, all the travel I do, etc are all tax write offs.
@@BeatTheBush Certainly better net take home pay as self employed. Autonomy allows us to be more creative thinkers too. This is worth more than the high salary of miserable slave job. Can you share any thoughts/tips related to investment properties in the surrounding Bay area? I presume most of your investment portfolio is tied to stocks/Cryptos?
although quality is important, i do think people underestimate the importance of quantity on youtube. every time a video is made, it's like a free play at a slot machine. except you never lose because worst case scenario, the video flops but you've still gained experience and added a new video to the channel's library :D
Even if you think you haven't earned much, the legacy you've earned is priceless. You are one of the OG financial youtubers that have inspired an entire industry on youtube.
Interesting to see the earnings of a mid-sized channel. I think there's an opportunity over the next 1-2 years to get to a million subs. If so, 3x the ad revenue + sponsors could easily put you in the 200-300k a year range. However, it would probably take a lot of grinding...
Really loved this! Great insight on Youtubing and our journey. I've seen some pops on my channel and still waiting for the big big one. Getting more consistent now. 2018 was my best revenue year at $525
I would say the Majority of people appreciate transparency more than keeping personal financial information private. Of course it’s up to that creator to disclose but I think it makes the viewer feel closer to the creator.
Cool Francis. What you say rings true for my channel too. Some odd ball videos do really well and don't make much money. I posted a video of a washing machine bouncing on a trampoline years ago and it was and still is really popular! Lots of my random how-to DIY videos make money, but some of the ones I put time and effort to make don't get much traction. Like you I am an engineer and quit my "job" recently. I guess I took your advice, or followed your lead! Great review of your first video!
Gotta have some sort of Ex-engineer youtuber club eh? What's your washing machine trampoline video? Post a link please. Post a new comment so it comes up on my feed. I want to take a look. =D
@@BeatTheBush Would have loved to come to your meet ups, but so far they have been on the other sides of the planet! Next time you are in the UK give me a call!
The reason speaking about wages and income is taboo is because business owners encourage silence so they can pay everyone the absolute minimum required to keep them around. Break the silence so employees get paid what they are worth!
i don't know about other folks, but i generally watch all your new videos regardless of what you post. It mixes well with my other content. congrats on your success so far~
Hi BTB...if you're looking for video ideas, I'd love to see more videos of you reacting to your own earlier videos. It's fun hearing you chew the fat about any topic in which you are really engaged.
So you do have a job, it's just a lower paying, lower stress, more fun job than you used to have. Btw I found this video highly informative... I've always wondered how UA-camrs make their money exactly.
It’s definitely a job being a creator but a very enjoyable job imo. You thinking of starting to create videos? For me it’s fun, enjoyable. Learning about editing and also connecting with people. Talking about what you like to talk about (Finance) it’s great.
I found you when you did the gift wrapping video. I still remember the video when you estimated how long it takes to shower heehee! Love your channel ❤
You have grown so much. I remember when I graduated high school, I was shy which, I worked at parts store and work with public. Today, I am a public person and it’s not an issue…. Thank you for your ideas which have helped me…. I invested in roth mutual fund and looked into other things. 🙏. Downey California
Great Video Man. I’ve had A Lot of fun starting my own finance channel and you’ve been one of the main people I follow. I always 👍 the videos and content & this one specifically hit home for me.
@@BeatTheBush - Definitely. It takes time. Anything in life worth having takes effort. I believe in that. I’m glad you got the channel where it is now and it’s doing good.
Hi so you are still making video on UA-cam but my life Has change drasticly this year, had new job after COvid 19 and I break up with my gf this years, I remember I found your channel when I was with her and now she is gone and you is still making your UA-cam, I'm jealous. Almost it's making me remember of her because we use to watch your video together. Don't worry I'll be fine. Keep up the good work. Thanks for keeping making videos don't stop
🔥…definitely do it. It’s rewarding. You get to talk about what you actually love to discuss. Learning editing and getting better and better it’s a very rewarding thing to do. I love it !!
@@BeatTheBush I have but I have many weaknesses in those first five videos I made. They received very less than 50 views. Production and editing poor is what I think happened
This is impressive considering fact that you have less than 500k subscribers as of writing this comment. Thanks for sharing the information, appreciate it.
wow. i always thought it was nice how you upload random videos. it makes the channel seem less corporate. who would have thought that the random videos are making so much money. next year we'll find out how much webull/rakuten/mint pays. also, I have a feeling I might have found this channel from that cherry MX video. viral random videos might be good for recruiting new viewers who then watch all your other videos
The affiliates pay roughly 50-100% of what I make on UA-cam. I am obligated to not give specifics by contract but as you can see, I can give you an aggregate sum of all the affiliates together.
Roughly on par for now. But I credit my investment gains to the abundant free time I have from working for myself. When you factor this in, It beats out engineering by about 20% and growing.
Exactly, if you invest right your money will always outpace whatever wages you make from labor/work due to the compounding returns year after year. In the end your 💰 is what's making you more 💰
Most the time I am surprised. I made the gift wrap video with the intention of making it go viral. I made the "how to look poor' video without that intention and it did very well.
Francis 🤗 you are a great inspiration!!! I am actually thinking myself to start a UA-cam travel channel, buy i am a bit shy and insecure 🙈 any recommendations? Many thanks & greetings from Germany (i think i found & subscribed 01/2017 on your channel 👏👍👋)
Can you make a video on how you do on your taxes? Do you pay taxes plus income tax on the money you take out to invest? I live in CA too and I’m trying to take money from my 401k to put it as a down payment on a house in another state. How is this affect the taxes in CA? Appreciate your reply
Unfortunately, as a self employed UA-cam independent contractor, UA-cam doesn't pay FICA taxes like your engineering employer did so you have to pay 15.3% of your earnings rather than the 7.65% you paid as an employed engineer. Social Security and Medicare FICA taxes take a huge bite out of UA-cam income!
@@BeatTheBush Because you're such a high earner you're paying the maximum FICA tax for your social security. But that means that you can look forward to receiving the maximum SS benefit amount when you retire. Retirees at age 70 claiming SS in 2022 can receive as much as $4124/month or $49,488/year. That income is protected from inflation with an annual COLA! Most private retirement plans are NOT indexed for inflation. Sad.
I did the rakuten deal with your link but they aren't sending the $40? I spent $40 using the referred store walmart that they showed and did everything you said. I see a check mark but my order says $0.00 on their shopping trip history. You sure this is legit? Please tell me how you did it so you can get your $40 too
I took a look and it appears Walmart in particular has a lot of exclusions. IN order to get the $40, you need to earn a non-zero cash back. You still qualify if you signed up during that bonus period. Hence, if you still want the deal, you could potentially return the item at your local Walmart and get something that does qualify for the cash back. Hope that helps.
Have u asked where this chase after money ends for you? You have to be honest ,you are all set for life but still out here making clickbait videos. Help your dedicated audience not your " click bait audience ". The reality of struggle out here for basic needs is real.
It’s motivational too. At least for me as a creator. Seeing my guy make this type of money. Glad to see people doing good and it motivates me to get it too !!
I think you should make experience use swagbucks PayPal money to buy crypto currency and stock market. In the end of the year how much money you make money you make your investment of your swagbucks earning. Since you buy it crypto currency and stock
Francis the way I see this,,, you lost OVER 3/4 MILLION DOLLARS in these 7 YEARS. And you are smiling? I would be sad. (engineer 7 yr x $150T = over 1M$ ... compare UTube $300T in 7 yr. )
@@tbarbuto2345 Yes Tony, I agree with your very good points. But, I get the impression that Francis has a strong interest and love for "$," which is a very good thing. So, it would have been more productive to have figured that out before spending years of his time and a pile of money to become something he did not love/enjoy doing. myself,, I choose the US Air Force and fell in love with Airplanes/Aviation. So, I never paid much attention to money. It was hard for me to believe I was paid to do this.
@@curtisgregory517 Think many without obvious talent get into military for money like pension and VA loans or as stepping stone for being cops. Let's not kid ourselves
![How to Get a Developer Job - Even in This Economy [Full Course]](/img/n.gif)
This further validates your decision to leave 6 figure engineering job/career.👍
I respect your modesty and openness to share personal wealth information.
Keep in mind you have far greater autonomy as a content creator than reporting to duty at some engineering firm.
Isn't your deductions less as self employed than salaried employee?
You hit it right on the nail. Autonomy is worth about 50% of my salary. That is, I am willing to take a 50% pay cut just so that I don't have to follow orders day in and day out.
Deductions are by FARRRRR much much more as self-employed. All the equipment I use, all the travel I do, etc are all tax write offs.
@@BeatTheBush Certainly better net take home pay as self employed.
Autonomy allows us to be more creative thinkers too. This is worth more than the high salary of miserable slave job.
Can you share any thoughts/tips related to investment properties in the surrounding Bay area? I presume most of your investment portfolio is tied to stocks/Cryptos?
although quality is important, i do think people underestimate the importance of quantity on youtube. every time a video is made, it's like a free play at a slot machine. except you never lose because worst case scenario, the video flops but you've still gained experience and added a new video to the channel's library :D
Quantity... or consistency? I suppose you still have to try to make a good one and not just random videos.
Even if you think you haven't earned much, the legacy you've earned is priceless. You are one of the OG financial youtubers that have inspired an entire industry on youtube.
Thanks! I appreciate it!
I'm not first, I'm not last, but when BTB posts, I click really fast.
Same
Same
Interesting to see the earnings of a mid-sized channel. I think there's an opportunity over the next 1-2 years to get to a million subs. If so, 3x the ad revenue + sponsors could easily put you in the 200-300k a year range. However, it would probably take a lot of grinding...
I think that is a great assessment. You really cant go anywhere without putting in the work.
As a fellow asian, I can understand. There's always fear of people asking for handouts. Mostly relatives.
Really loved this! Great insight on Youtubing and our journey.
I've seen some pops on my channel and still waiting for the big big one. Getting more consistent now. 2018 was my best revenue year at $525
Keep going Nick, I started in 2008/9 and it has only taken off recently.
Yup. Become extremely consistent as your top priority.
@@bootsowen will do! It's a long haul thing
Love your videos, subscribed to all your channels ❤️😊
Thanks for subbing!
I would say the Majority of people appreciate transparency more than keeping personal financial information private. Of course it’s up to that creator to disclose but I think it makes the viewer feel closer to the creator.
Very good point. Makes me feel like I know the person a little better … plus I’m just nosy by nature lol
It takes a bit getting used to for sure.
Cool Francis. What you say rings true for my channel too. Some odd ball videos do really well and don't make much money. I posted a video of a washing machine bouncing on a trampoline years ago and it was and still is really popular! Lots of my random how-to DIY videos make money, but some of the ones I put time and effort to make don't get much traction.
Like you I am an engineer and quit my "job" recently. I guess I took your advice, or followed your lead!
Great review of your first video!
Gotta have some sort of Ex-engineer youtuber club eh? What's your washing machine trampoline video? Post a link please. Post a new comment so it comes up on my feed. I want to take a look. =D
@@BeatTheBush Would have loved to come to your meet ups, but so far they have been on the other sides of the planet! Next time you are in the UK give me a call!
The reason speaking about wages and income is taboo is because business owners encourage silence so they can pay everyone the absolute minimum required to keep them around. Break the silence so employees get paid what they are worth!
I agree. It usually benefits employers.
This gives me hope. It’s my second year and I only made $500 so far!
great video as usual! youtube is definitely a journey...and I've only done it for 3 months. With 7 years, you are a black belt or near it.
i don't know about other folks, but i generally watch all your new videos regardless of what you post. It mixes well with my other content.
congrats on your success so far~
Hi BTB...if you're looking for video ideas, I'd love to see more videos of you reacting to your own earlier videos. It's fun hearing you chew the fat about any topic in which you are really engaged.
So you do have a job, it's just a lower paying, lower stress, more fun job than you used to have. Btw I found this video highly informative... I've always wondered how UA-camrs make their money exactly.
It’s definitely a job being a creator but a very enjoyable job imo. You thinking of starting to create videos?
For me it’s fun, enjoyable. Learning about editing and also connecting with people. Talking about what you like to talk about (Finance) it’s great.
Yes, last month, I was working on youtube at least 40 hours/week.
i like how big your non-finance videos are, that's actually how i found your channel in the first place.
i found techlead from his keyboard video as well.
Congrats BTB! Loved the first comical cold video lol …
I like the older videos hehe.. congrats on your succes. You have earned it 👍
I appreciate that!
I found you when you did the gift wrapping video. I still remember the video when you estimated how long it takes to shower heehee! Love your channel ❤
Appreciate the transparency on this one, interesting for sure!
My pleasure!
You have grown so much. I remember when I graduated high school, I was shy which, I worked at parts store and work with public. Today, I am a public person and it’s not an issue…. Thank you for your ideas which have helped me…. I invested in roth mutual fund and looked into other things. 🙏. Downey California
I appreciate the transparency. Keep up the great videos !
Great Video Man. I’ve had A Lot of fun starting my own finance channel and you’ve been one of the main people I follow. I always 👍 the videos and content & this one specifically hit home for me.
Glad this one is helpful for you. It really takes continuous effort over many years to gain traction.
@@BeatTheBush - Definitely. It takes time. Anything in life worth having takes effort. I believe in that. I’m glad you got the channel where it is now and it’s doing good.
Great to hear you are doing ok. I know you worked very hard for it and you reached this with blood and tears. Keep it up!
I'm doing pretty well now. Much better now that I am working harder. =D
New subscriber here 🙋🏽♂️ this was such a great video. Thank you so much 😊
Awesome! Thank you!
Great job BTB!
=D
Good video. Thanks for sharing and keep it up.
I haven't watched your videos for a very long time.I wasn't getting notified.thanks for this video.very interesting content
I think UA-cam sometimes kicks channels off the notification.
Thanks for your transparency, I appreciate all your videos.
I do miss the old outro music, though :)
I’ll have a vote on which one better?
I loved your reaction when watching your first video :-)
Top earning vids were years ago. Let’s go BTB, time for a comeback.
No viral finance vids yet. :/
Thanks for sharing!!!
Thank you for sharing how much you make from UA-cam.
It is very informative.
Hi so you are still making video on UA-cam but my life Has change drasticly this year, had new job after COvid 19 and I break up with my gf this years, I remember I found your channel when I was with her and now she is gone and you is still making your UA-cam, I'm jealous. Almost it's making me remember of her because we use to watch your video together. Don't worry I'll be fine. Keep up the good work. Thanks for keeping making videos don't stop
You got this! Sometimes, one door has to shut before another will open.
@@BeatTheBush Yea been talking to friends and everything happened for a reason. Thanks
This is very useful because I have been thinking of diving in and making videos
🔥…definitely do it. It’s rewarding. You get to talk about what you actually love to discuss. Learning editing and getting better and better it’s a very rewarding thing to do. I love it !!
Make one video no matter what content, it doesn’t matter.
@@BeatTheBush I have but I have many weaknesses in those first five videos I made. They received very less than 50 views. Production and editing poor is what I think happened
Thanks for all you do 🔥
My pleasure!
One may be able to calculate RPM and annual salary, and hourly wage but to calculate the freedom to live your life to the fullest… priceless.
Thanks for sharing! This will be a home-run video! 😎
Hope you like it!
Thanks for sharing btb
Love your content! My fave videos are the ones where you got drunk on camera!
Thanks! Unfortunately, the drunk vids didn't do too well nor was it good for me health-wise.
Did the making almond milk video get taken down? I was looking for it, to remind myself how to make it, & could not find it. Thanks!
On my food channel. ua-cam.com/video/VW0f_Ao3WOs/v-deo.html
Thank You for this!!!
You're so welcome!
Wow, I can’t believe my channel is even older than beatthebush
This is impressive considering fact that you have less than 500k subscribers as of writing this comment.
Thanks for sharing the information, appreciate it.
My pleasure!
“I sound really nasally for some reason.”
You sound the same lol
Lol
wow. i always thought it was nice how you upload random videos. it makes the channel seem less corporate. who would have thought that the random videos are making so much money. next year we'll find out how much webull/rakuten/mint pays. also, I have a feeling I might have found this channel from that cherry MX video. viral random videos might be good for recruiting new viewers who then watch all your other videos
The affiliates pay roughly 50-100% of what I make on UA-cam. I am obligated to not give specifics by contract but as you can see, I can give you an aggregate sum of all the affiliates together.
BTB looking younger than in his 1st YT video lol
Ha ha ha
What is the return on effort for you being a vlogger versus you being an engineer? I'm already assuming you like vlogging better than engineering.
Roughly on par for now. But I credit my investment gains to the abundant free time I have from working for myself. When you factor this in, It beats out engineering by about 20% and growing.
Exactly, if you invest right your money will always outpace whatever wages you make from labor/work due to the compounding returns year after year. In the end your 💰 is what's making you more 💰
Interesting, thanks for sharing!
Yeah, YT ad share is nutters
Your CPM is quite decent :P
Thanks to the financial content.
Ka Ching! Congrats
Do you make your own music for the outro? Which daw or app do you use?
It's pre-made music. I didn't make it.
That's pretty good. Average full time salary in the US is only $40K.
Good compared to average. Just on par when compared to my engineering salary.
Mr. Bush, do you have a good idea how a video will do when you post it? Or it is always a surprise which videos go viral and which don't?
Most the time I am surprised. I made the gift wrap video with the intention of making it go viral. I made the "how to look poor' video without that intention and it did very well.
@@BeatTheBush is there a reason why you don't pump out more wrapping videos? Or a second wrapping video most likely won't do very well?
So candid
well, now I know how to wrap gifts
=D =D
The ending seems abrupt. Did you have more to say?
Francis 🤗 you are a great inspiration!!! I am actually thinking myself to start a UA-cam travel channel, buy i am a bit shy and insecure 🙈 any recommendations?
Many thanks & greetings from Germany (i think i found & subscribed 01/2017 on your channel 👏👍👋)
Wow long time sub! Everyone is shy and insecure. Did you see my first video? My recommendation is to upload one now and make it public.
I’m curious how the additional 50-100% affiliate commisions work.
Is that a side hustle or is it run through youtube?
Through UA-cam. Combination of a dozen different affiliates.
@@BeatTheBush
Glad to see you doing well at this.
Can you make a video on how you do on your taxes? Do you pay taxes plus income tax on the money you take out to invest? I live in CA too and I’m trying to take money from my 401k to put it as a down payment on a house in another state. How is this affect the taxes in CA? Appreciate your reply
DO NOT TAKE MONEY OUT OF YOUR 401k! NO NO NO!!! >:(
@@wewhoareabouttodiesaluteyo9303 why????
Unfortunately, as a self employed UA-cam independent contractor, UA-cam doesn't pay FICA taxes like your engineering employer did so you have to pay 15.3% of your earnings rather than the 7.65% you paid as an employed engineer. Social Security and Medicare FICA taxes take a huge bite out of UA-cam income!
It comes out roughly a wash if you factor in the wide range of tax write offs that is possible being self employed.
@@BeatTheBush Because you're such a high earner you're paying the maximum FICA tax for your social security. But that means that you can look forward to receiving the maximum SS benefit amount when you retire. Retirees at age 70 claiming SS in 2022 can receive as much as $4124/month or $49,488/year. That income is protected from inflation with an annual COLA! Most private retirement plans are NOT indexed for inflation. Sad.
This is a good insider's view
=D
I did the rakuten deal with your link but they aren't sending the $40? I spent $40 using the referred store walmart that they showed and did everything you said. I see a check mark but my order says $0.00 on their shopping trip history. You sure this is legit? Please tell me how you did it so you can get your $40 too
I took a look and it appears Walmart in particular has a lot of exclusions. IN order to get the $40, you need to earn a non-zero cash back. You still qualify if you signed up during that bonus period. Hence, if you still want the deal, you could potentially return the item at your local Walmart and get something that does qualify for the cash back. Hope that helps.
well done..
You forget to add your back up channel
Dang, I thought $289K was yearly. Ah well, but $50K or so a year (my rough calculation) isn't bad, I guess.
Have u asked where this chase after money ends for you? You have to be honest ,you are all set for life but still out here making clickbait videos. Help your dedicated audience not your " click bait audience ". The reality of struggle out here for basic needs is real.
I need a UA-cam channel, with all my craziness that's been going on......
What does the exclamation point with the T next to it mean?
Where?
@@BeatTheBush 0:03
No baiting. V transparent.
It’s motivational too. At least for me as a creator. Seeing my guy make this type of money. Glad to see people doing good and it motivates me to get it too !!
Thank you!
Not a bad retirement gig 😆
Do you have to pay taxes on the earnings on youtube ?
Yes.
I originally found you because of the milk tea video.
Cooooool! Thanks for subbing!
How much money you make in your back up channel
Pretty insignificant compared to the main one.
how is your doge coin doing?
7 years later, you still look very young! 🤣
Thanks!
This is interesting. I really want to get into content creation and get some passive income from it.
Just have to start and keep going!
Please tell us your next Dogecoin investment. What's going to pop next year?
I’m hoping dogecoin.
I'm in the wrong business
REYES THE EUNTREPRNOUR
Only $40k a year? Man, I make like 25k a year going out of my house haha
Doing what?
Hit the like button 👍
You still sound very nasaly BTW lol
Lol 😂
Good info lol
I think you should make experience use swagbucks PayPal money to buy crypto currency and stock market. In the end of the year how much money you make money you make your investment of your swagbucks earning. Since you buy it crypto currency and stock
Long time commenter but it seems you are not subscribed?
@@BeatTheBush I am subscribe your channel. I got hidden mine subscribers private
Disappointed you didn't show us the revenue of the worst videos.
Please can make more swagbucks video and making money online.
Great success 👌 I wish I would make the same ,haha
You made your own pension :) Would you have quit engineering job without this income?
No.
Francis the way I see this,,, you lost OVER 3/4 MILLION DOLLARS in these 7 YEARS.
And you are smiling? I would be sad.
(engineer 7 yr x $150T = over 1M$ ... compare UTube $300T in 7 yr. )
Some people value free time, less stress, and passive income streams more than earned income.
Math is wrong. Of 7 years, I worked 3 as an engineer.
@@tbarbuto2345 Yes Tony, I agree with your very good points.
But, I get the impression that Francis has a strong interest and love for "$," which is a very good thing. So, it would have been more productive to have figured that out before spending years of his time and a pile of money to become something he did not love/enjoy doing.
myself,, I choose the US Air Force and fell in love with Airplanes/Aviation. So, I never paid much attention to money. It was hard for me to believe I was paid to do this.
@@BeatTheBush sorry, I did not know that.
worked 3 yr @$150T = +$450T (- $ cost of 4 yr school ) + 4 yr of your time = 7 years
@@curtisgregory517 Think many without obvious talent get into military for money like pension and VA loans or as stepping stone for being cops. Let's not kid ourselves
)