Hey BeatTheBush! I've been a subscriber for almost 2 years I'd say and I just wanted to take some time to say that you're the ONLY advice/info channel I can watch without being skeptical. Thanks for your hard work, dedication, and time.
Your channel on frugality is the best I have come across. As someone looking to achieve financial independence your knowledge is something I’d pay for in book form.
I've been following your channel for about a year. Thank you so much for your honesty, great tips, and continual encouragement to go against the grain of materialism and overspending! I appreciate it!!!
So true! People hate me for even reviewing things on my channel but don’t realize it is a full time job so I need to make some money and I don’t force them to click or buy lol
This is especially true for his shirt sales, since he doesn't even push it and people read the description and find it and still feel the lack of free will to ignore it.
People aren't technically buying the t-shirt. They're thanking you for the value you have provided. The t-shirt is you're way of thanking the subscriber.
*Beatthebush to answer what you ask. I think you should write a book if you like writing books, it could add to your 12 sources of income and be helpful to people who would like an all in one guide to personal finance from your perspective and experience*
@@BeatTheBush Perhaps you can co-write/write yourself/ghost write it over a longer period of time. This would give you more time to flesh it out and it takes the pressure off yourself. With over 900 videos, I'm wondering if they can be organised in some kind of list structure - do you not have a website yet - or do you only use playlists (which are fantastic by the way)? I feel like that blanket of 900 videos, if folded correctly, could align to make a comforting package of value of the pre-existing videos, each with their own value. 💡 In fact, organising those 900 videos could help you organise the structure of your potential book. I'd personally pay to buy a book if the value of its coherency, ideas, and collection of methods that aim to reduce costs, save money, and make revenue, had more value than the unorganised dispersal of 900-odd videos. By the same token, I can appreciate you already having given a lot of meaningful videos out; in that case, might it be time to produce a masterpiece with even more meaning? (I'd be very interested to see if you go down a niche path or a more general path with methods and ideas relevant to the general populace.)
@@Dayraven15 Your not thinking very well. You could throw it all in investments and fund those causes perpetually on just the interest alone. This is what people like Bill Gates do.
Beat the Bush..... write the book. At some point at least. There are a lot of people that would buy it, that like to read, and have all the information on paper where they can stop and read as much and as slowly or as quickly as they like. Thanks for your channel.
To people who oppose you selling the honey badger shirt: You can still be frugal and support things with your money. Frugal doesn't mean don't spend, it just means be conscious of your spending and to not buy useless things; spend less. You're still going to buy clothes at some point in your life, so you might as well know where the proceeds are going and support someone/something that you like. Thanks for always being awesome, Francis!
About the t-shirts.. it's no big deal, some of your viewers might be willing to buy a 25 dollar t-shirt to make a donation if they have gotten value from the channel. Being frugal doesn't mean you don't support worthwhile channels or make donations to worthy causes.
Great video man! i just hit 8 residual income streams and just hit my first $100 for the month. I am documenting the whole journey. thanks for sharing!
Book format: yes! People like to be able to refer back to something you said on a topic without having to re-watch all 900 videos to find it. A well-organized, well-indexed reference book of your tips, as a souvenir or whatever. I can totally see people buying it. I'm a librarian and I would buy it.
Yeah, you should write a book. 1. When someone invests in something, they value it more, and they are more likely to fully use it. 2. People learn better from printed material than electronic material. 3. It could start your next potential source of income as a writer/blogger, which if you can write as well as you speak, I think would come naturally. 4. Put a honey badger on the cover. It will sell millions.
You are very inspiring by bringing good common sense to living. If people followed only 10 percent of your advice, they wouldn’t be living pay check to pay check, being in debt and actually have retirement money in the bank. In such a rich nation as the US, everyone can live well without going broke to do it. Keep up the good work!
Beat the Bush, you are so funny but I love your channel because you are transparent. You are right! I started my channel to share with Spanish-speaking people what I was learning about fluid art because a lot of them wanted to learn but the FB groups were in English. Almost 2 1/2 years ago I started my channel without knowing even where the camera pinhole was! I had to learn everything about how to make a video at the same time I was learning fluid art. It took me two years to find a formula that worked for me but now I have it. Some of my videos have gone viral and in the last month I have had 1200+ new subscribers. Hard work and continuous education pay off. Now about your t-shirt, just type your answer in a word document, copy and paste it, LOL! Thanks for all you do!
Props to you BTB, I myself am also semi-retired and living off my blog through affiliate links, referrals and ads. I've also invested in two flats that I'm renting. So far it's been awesome! It's true that you are selling t-shirts and advocating frugalismn at the same time, but I also advocate frugalism and I live off of ads. I just needed the money from ads and affiliate links in order to retire, that's all. But just like you, I explain to my readers that they need to be frugal.
Technically if they follow your advice to the letter, you would get much less revenue from your affiliate links. But this isn't going to happen realistically.
Some people move to Vancouver, Washington. No income tax in WA. No sales tax across the river in Portland, Oregon. Might that be your final optimization?
I like to think if I won the lottery I'd still make videos, but I agree it's hard to know if you would or not. I love seeing all your different income sources!! I have a few too like selling stuff on facebook, stock appreciation, and youtube related. It's impressive how much you've managed to grow your youtube channel!!
I just closed my eyes and kept on working on it. =D I think starting at 0 or 100 subs, you never really think to reach 240k when 1000 seems an order or magnitude away. I see you are not far from 10k yourself, good going!
A book would make a great present. Also being a landlord is not that bad. It's very rare that major issues come up. You can buy a 1 bedroom and rent it out. Just make sure to rent to a responsible person. The elderly make great renters, they tend not to up and move a lot (of course you can't discriminate, but just an FYI). I've watched your channel really grow through the years. Keep up the good work!
The reason I liked this video so much and wanted to subscribe after is because you break down the pros and cons of the ways you make money as well as giving your experiences to make it more relatable. Makes the stories and information you’re trying convey a lot more interesting and keeps people focused for longer times.
Enjoying your content. Keep it up! I know too many people living from paycheck to paycheck. I'm so much happier living the minimalist lifestyle as opposed to being a maximalist.
im 23 working big hours hustling but im making sometimes 1500 a week no education and my bills are lower in tennessee, this gives me hope thanks for being there in videos in my youth too help me be structured this way now
Nice video. Multiple income sources are what it is all about. And it doesn't have to be a normal job. Ebay is a good example. The best thing about it is if one income source runs out, you can easily replace it. Plus not such a big deal because there are multiple sources.
A source of income for me is donating plasma twice a week. If you give faithfully twice a week you can bring in about 300 dollars a month tax free. And the way it's set up the more times you give the more money you can make. For example on my 6th donation I will receive an additional bonus on top of my regular donor fee.
@@MichelleSmith-ky8lz Actually you are correct in that it's taxable income. As to how many people list it on their income taxes every year is debatable. My guess is that very few do. I'm not going to pay taxes on it. I have a yearly income of zero at present. And even if I did file it I fall within the poverty guidelines and would owe nothing on that little bit of money.
This guy has so much wisdom, thanks for sharing it with us. BTW make those shirtless clips a little longer next time. I could not pause the video quick enough. ;)
I am not sure how often people read nowadays, but I do enjoy reading financial books (especially with graphs, visual aid, etc.). At times when I forget a concept, I would refer back to the book I read to remember it. In my opinion, referring back to the book gets straight to the point vs referring back to a previously watched video. @BeatTheBush if you do publish a book, I would definitely buy it to absorb knowledge better.
So many people need your help to get freedom. Frugal living can save the planet. 1.5 million kids are worried about climate change and if everyone lived like you we could potentially live in a more sustainable world. John 3:17
EVERLASTING Unfortunately, not everyone will live this way. That’s reality. 7.5 billion people in the world. Most of us have a difficult time managing ourselves let alone our money.
As an individual, look at your inputs and outputs over a lifetime. Try not throwing away the garbage for a month and you will see very quickly the trash you generate.
1.5 million “kids” are worried about climate change because they are indoctrinated and scared to death, just like the idea that they will be the next victim of school shooting regardless of the true numbers. 24 hour, world wide news feeds the frenzy. Nothing against this video or the idea of frugal living for some individuals, but that doesn’t encourage Research and Development for products to improve lives.
Hulen Bryant Weather can’t even be 100% predicted. How do they experiment and research to conclude that “climate change” due to humans is real? Btw, I’m not a Republican or Democrat. Kids are scared from whatever the media portrays as scary. Adults seem to have bought into this as well.
I may not be familiar with how to start stocks but I do sell material things online and find your videos very motivating to escape student loan debts. Keep up the good work love the videos
I like this vid.. My belief is that you will never stop doing you tube vids.. I can see that you enjoy it to much.. You enjoy the comments good or bad, etc
Answer these comments does not feel like work to me. I really enjoy most of them other than the troll ones. Perhaps I might just keep on making videos to make more money to be ever more secure.
I am a Gen X'er and still work by choice (self employed now) because I enjoy working so retirement will most likely be pushed back to 70. I do get plenty of time for hobbies and traveling with hubby who also works and doesn't want to retire until late 60's. We r both healthy because we eat healthy, take vit /mineral/ supplements and work out. Most of people I knew that wanted to retire early (in their 30's-50s) we're those that couldn't stand their jobs, had excessive work hours or had a chronic illness. Most 20's and 30's who insist on retiring now will end up working again a few years down the road. I say that because seen it too many times. Not to mention if you still have a mortgage to pay, or kids to raise you're asking for trouble if u fully retire (unless u have at least a million or more $$$ to your name and work enough part-time hours to pay the mortgage). People are living much longer, for a millennial, most likely well into their 90's and the cost of living is increasing every year. Also full retirement is fun at first then it can get boring, I recommend working part-time (or semi retired as some people like to call it). If you can own your own biz or become self employed even better, as long as you can afford health insurance, go for it!
Gotta be getting that 'while you sleep' money. I have 4 income sources, a couple projects in the works for more, need to write that darn book.... virtually retired by the end of '19 BABY!
@@BeatTheBush Building a brand (this channel) and other projects that will pay me while I sleep. And some active investments About 5-10 hours per week. At that point, no more labor type work (about 10-15 hours p/w atm)!
Great content and thanks for sharing. I hope to grow my channel to 1000 in 2020. I'm going to work hard and use some techniques from you and your channel. Keep up the good work!
Anyone with common sense such as yourself wouldn't buy a t-shirt if the money was cutting into one's food budget. People with the negativity obviously haven't seen enough of your great videos. Keep up the good work! ( Or retirement hobbies)
I think you should write a book! For me, it's helpful to have all of the information in one place that I can turn to specific pages and get the information. Sometimes I'm too lazy to go back through video archives to figure out which video you talked about this specific thing, so having a book where I can fold a page would be helpful! I think it'd be neat if you referenced the video links in the book too!
Thanks for another great video but if I can make a Suggestion on a future video on sources of income, when you get older: Such as Social Security, IRA, Roth IRA, Pension, Stocks, Home value, Part time job, Military / Veteran Income Rental income etc. This will show people how to prepare for retirement. You always have to re-evaluate your situation and look at different sources of income and how to keep the cost down with 0 debt yet have enough money / benefits to enjoy your life.
I was surprised that you did not list real estate such as rental property. I started this about a year ago and have two properties. With about 10 rentals I can easily be retired from passive income. I encourage you to look in to it. If you fix everything up front, you should not have to deal with tenants, toilets, and taxes. I joined a 30 year old group that are experts at this. They adress all the issues that scare people away from real estate.
My favorite vid yet. Great knowledge. Thank you! Especially mentioning that you don't want to rent your place. That's something I may consider in the future, so thank you for your thoughts on the matter. And for talking about the t-shirts. Respect.
Hi when I first started watching you you had less than a hundred thousand and I remember when you did a video where you were counting with us and you got right over a hundred thousand it's amazing how great you've done and you know what for those folks that want to support you that's wonderful but if someone chooses not to because of budget or for whatever reason to me they can keep those opinions to themselves because guess what that's how people make money is to help each other and that's all I have to say on that but I think your UA-cam channel is doing great I could see you teaching a course on skillshare I don't know if you've ever thought about doing that
Ha! You remember that video! That was some crazy day I could hardly believe it. Not sure if I'll ever get used to the idea of an online course. Possibly.
Yes you should write a book. Ultimately, it means placing your brand and getting your name out there to reach a broader market like bookstores, Amazon users, and even broadcasting networks. Similar to your video license, you get royalties on your book. And maybe it’s hard to believe but people still read books and prefer a well-organized and thought-out book on-hand to refer back to :)
Hi Beat The Bush, I think it depends on whether you are more comfortable talking than writing. I see people writing books so that they can summarise all their thoughts and philosophy (lol!) and readers can access them entirely. But I think it really depends on your motivation, and the purpose of the book. Yes I can hear the rain!
A few toughts for BTB: - thank you for this video, I asked for it a long time ago and you finally decided you should do it - I though repairing stuff would also be on this list. Do you only do those repairs as favors for friends? - I think the t-shirt is a good thing, everybody needs t-shirts because they don't last forever. I would buy yours and some other channels' t-shirts except I think it's kinda ridiculous to buy them from another continent. Plus $20 is a lot more than I usually pay for a t-shirt. - finally I think the book is also a good idea, youtube videos are all over the place, a well organized book is much better. But if you decide to write that book, please make it an ebook, paper books are only good to collect dust and kill trees. And also if you want to sell it internationally, try not to make it too US specific. I'm mentioning it because some of your videos are very US specific.
I would repair things but it is not a scaleable source and hence very limiting. I sell things as a personal need to reduce the things i have. That is also not scaleable. Someone needs to go organize all these videos. I think it'll take me months to get it all down on paper, lol.
@@BeatTheBush Of course it would take months but AFAIK it easily takes that long to write a book (not that I ever wrote one), so if you don't have a passion for it then it's understandable if you don't want to write yours. Just like I don't have a passion for editing videos. I could create my own youtube airsoft channel, I have so many ideas what to share with people, I could film all the interesting games I go to, I could borrow friends' guns to review, it's just all that editing. Or I could release one-take videos but those look so amateurish, I don't want to do that either.
@@63falcondude I pay 15% on my stock dividends. People need to pay 0, 15 or 20% depending on their income. It is not taxed as ordinary income. You can read about it here: www.efile.com/ordinary-qualified-dividends-tax-rates-stock-income/
2:03 is the most honest and realistic comment anyone can say. If someone wins a lot of money, it's hard to predict how they would react. I've witness many different outcomes when there had been a large influx of money, from a high paying job or someone winning some money at the casino. Some people go crazy and spend it all, some turn into Hermits and start picking up pennies off the ground, some start playing the stock market, and surprising some people have no effect on them. Me personally I wouldn't work , but would diverify my investments into Commercial and Residential properties, Bonds, 401k , invest into Google and Amazon and leave some in the bank with interest, and i wouldn't forget about the new Ferrari.
You should write a book. You can even write an e-book. Most financial gurus have one. More income for you and you can teach others during your process which is more content for your channel.
@@BeatTheBush you could "talk" your book on a recording and have someone transcribe it for you? After that you would still have to edit the weird paragraphs though because speech tends to be less organized.
Problem with not having a full time engineering job is it makes you kind of like a child and a bit lonely. Thi was my experience having done it for 4 years and then going back. I went back as program manager for engineering company in Sydney, Australia and day to day is energy buzz of dealing with people and meetings, keeping up to date with technology and then weekends are full on. The social network is full on - weddings, sports events - golf, tennis etc, travel and social gatherings. I missed all that when not working. So for me I will work (do not need to but just top up investments) and then retire in 50's as love social aspect.
I take progressing from a job to self-employment as an evolution. I think using the term 'child' for not having a full time engineering job is belittling the position. So many people identify with their job so much that their identity becomes them.
As one gets older, there is absolutely NO WAY you can live on $36.00 bucks a day! Dr’s visits, aging, prescriptions not covered by healthcare, physical therapy, mobility aids, elderly friendly appliances, hygiene accessories, heating and vision, etc. etc. will go way up exponentially! My parents were paying $3-4K a month on meds alone that were not covered in their old age!
Plz write the damn book! You have a lot of fans that may want to give the book to somebody. Also the book can lead to speaking engagement that will allow you to help more people.
In new zealand the savings bank account with the highest interest rate is 2.15% and then it gets taxed and then there are administration fees so it's almost worth not even having it in the bank
@@dodopson3211 yea I think some places like japan for instance only have negative interest rates in banks to try incentivize spending to help stimulate the economy
Save for 10-20 percent down and keep your credit clean, to start. I already blew it. On both fronts. FHA loans can be had for as little as 3% down,but have a cap of 620,000 or so which can at least get you started.
I recently worked my way up to 3 sources of income. I put my resume on job boards like indeed. Recruiters kept contacting me for jobs. I kept going to interviews even after getting a decent job. I went from making 60k to $160k a year. My 2nd job is working remotely supporting computers. 3rd job is part time. So the lesson i learned is constantly look for new jobs. Tell employers that you are unemployed.
What do you think of treasury bills? I have been looking into the 4-week bills as a ladder. They are at about 2.4% right now and you pay no state income tax.
I would definitely buy that book or an online course. It's easier to learn your strategies for credit card churning and frugality when it's packaged into a bundle or something.
Skip to 3:06 thats when the list of income source starts thank me later or now by liking ;)
Edit: OMG Thanks for my first 100 likes on UA-cam :)
no
Thx
Thanks Irwin!
Dilly Dilly, now work on 500 likes on your comment or a future comment!
You get paid for for it?
12 Sources of Income:
1. Home Appreciation
2. High Yield Saving
3. California Municipal Bonds
4. Stock Appreciation
5. Selling Stuffs
6. Amazon Affiliate
7. Audible
8. Brand Referrals
9. UA-cam Channel
10. Video Licensing
11. Honey Badger
12. Patreon
湯米的遊牧心理 Thx
Hey. Thanks so much. Sometimes you just want to get the info.
@@ThemesNThings Welcome
Thanks!
@Eric Pratt lol
Never have just one source of income! So important. Thank you for sharing!
=D
Calvin Raab- Great wisdom!👍👍👍
agreed 100%
Hey BeatTheBush! I've been a subscriber for almost 2 years I'd say and I just wanted to take some time to say that you're the ONLY advice/info channel I can watch without being skeptical. Thanks for your hard work, dedication, and time.
=D Thank you! I know what you mean. Sometimes I look at some reveal videos and the numbers just doesn't seem to work. Who knows.
Pls don't retire yet! I would like to see you years to come...I appreciate all your valuable tips!
I guess we will know if I actually like making these videos at that time.
@@BeatTheBush why did you remove the 401k hack video
RUBEN M it’s still there
ua-cam.com/video/D9ADVlJVwHU/v-deo.html
very quality stuff here
Save Like a Pro with Leah ! I legit love your channel. It's refreshing
you're one of the best finance channels around. thanks for this vid. you're always so transparent about everything and it's awesome.
=D Took a little while to reveal more but glad I did.
Your channel on frugality is the best I have come across. As someone looking to achieve financial independence your knowledge is something I’d pay for in book form.
I've been following your channel for about a year. Thank you so much for your honesty, great tips, and continual encouragement to go against the grain of materialism and overspending! I appreciate it!!!
Thanks for all your views!
People who complain about sales links dont understand the concept of FREE WILL.
Agreed, yet I also don't believe in the concept of free will, at least not at the level of neurobiology.
So true! People hate me for even reviewing things on my channel but don’t realize it is a full time job so I need to make some money and I don’t force them to click or buy lol
Right??? It's there for people who want to support and you don't have to use them!
This is especially true for his shirt sales, since he doesn't even push it and people read the description and find it and still feel the lack of free will to ignore it.
There is no free will
People aren't technically buying the t-shirt. They're thanking you for the value you have provided. The t-shirt is you're way of thanking the subscriber.
Yeah, most merch is usually pretty shit. It's more of a donation.
*Beatthebush to answer what you ask. I think you should write a book if you like writing books, it could add to your 12 sources of income and be helpful to people who would like an all in one guide to personal finance from your perspective and experience*
If I did enjoy writing books, I would've started a long time ago. I find I like making a video much more.
@@BeatTheBush Perhaps you can co-write/write yourself/ghost write it over a longer period of time. This would give you more time to flesh it out and it takes the pressure off yourself.
With over 900 videos, I'm wondering if they can be organised in some kind of list structure - do you not have a website yet - or do you only use playlists (which are fantastic by the way)? I feel like that blanket of 900 videos, if folded correctly, could align to make a comforting package of value of the pre-existing videos, each with their own value.
💡
In fact, organising those 900 videos could help you organise the structure of your potential book. I'd personally pay to buy a book if the value of its coherency, ideas, and collection of methods that aim to reduce costs, save money, and make revenue, had more value than the unorganised dispersal of 900-odd videos. By the same token, I can appreciate you already having given a lot of meaningful videos out; in that case, might it be time to produce a masterpiece with even more meaning?
(I'd be very interested to see if you go down a niche path or a more general path with methods and ideas relevant to the general populace.)
Excellent suggestion, Vito :D
@@Staznark thanks💪
@@jimmyhua731 true💪
If you win the lottery don't let anyone know!
Usually, your name is listed.
@@BeatTheBush Depends on the State you're in.🙂 Lucky for the BILLION DOLLAR Lottery Winner in S.C. bcuz they were Able to stay Anonymous!👏👏👏👏
I would just donate all of it to a charity or maybe animal extinction issues
@@Dayraven15 Your not thinking very well. You could throw it all in investments and fund those causes perpetually on just the interest alone. This is what people like Bill Gates do.
enz0ferrari you have to pay a certain percentage to be anonymous.
Beat the Bush..... write the book. At some point at least. There are a lot of people that would buy it, that like to read, and have all the information on paper where they can stop and read as much and as slowly or as quickly as they like. Thanks for your channel.
To people who oppose you selling the honey badger shirt: You can still be frugal and support things with your money. Frugal doesn't mean don't spend, it just means be conscious of your spending and to not buy useless things; spend less. You're still going to buy clothes at some point in your life, so you might as well know where the proceeds are going and support someone/something that you like. Thanks for always being awesome, Francis!
PS: I just bought a hoodie.
Thank you! I think it's pretty easy to point out apparent inconsistencies in my life and many do. It takes a lot of effort to explain.
Need a shirt that says “downinthevideodescriptionbelow”
*vidido deschishon
:)
😂😂😂
I read that just as he was saying it.
That's a great shirt idea lol.
lol
About the t-shirts.. it's no big deal, some of your viewers might be willing to buy a 25 dollar t-shirt to make a donation if they have gotten value from the channel. Being frugal doesn't mean you don't support worthwhile channels or make donations to worthy causes.
Great video man! i just hit 8 residual income streams and just hit my first $100 for the month. I am documenting the whole journey. thanks for sharing!
Book format: yes! People like to be able to refer back to something you said on a topic without having to re-watch all 900 videos to find it. A well-organized, well-indexed reference book of your tips, as a souvenir or whatever. I can totally see people buying it. I'm a librarian and I would buy it.
Oh boy. You realize another vote for yes means the closer I have to write a book.. omg.
I’m 20 and I have 3 sources already! I have my own house and car already too thanks to your different advice on budgeting and spending wisely
You paid off a house by age 20? OMG! I'm 21 and living in my parents house lol.
niceee
U for sure dont live in California
Yeah, you should write a book.
1. When someone invests in something, they value it more, and they are more likely to fully use it.
2. People learn better from printed material than electronic material.
3. It could start your next potential source of income as a writer/blogger, which if you can write as well as you speak, I think would come naturally.
4. Put a honey badger on the cover. It will sell millions.
You are very inspiring by bringing good common sense to living. If people followed only 10 percent of your advice, they wouldn’t be living pay check to pay check, being in debt and actually have retirement money in the bank. In such a rich nation as the US, everyone can live well without going broke to do it. Keep up the good work!
I love this channel. Thank you!
Basically how I want to live. You are a big inspiration!
You could put together a short free ebook and grow an email list through it that you can use for other revenue stream opportunities.
Clicked on all your links in the description to help a brother out 🤝
Beat the Bush, you are so funny but I love your channel because you are transparent. You are right! I started my channel to share with Spanish-speaking people what I was learning about fluid art because a lot of them wanted to learn but the FB groups were in English. Almost 2 1/2 years ago I started my channel without knowing even where the camera pinhole was! I had to learn everything about how to make a video at the same time I was learning fluid art. It took me two years to find a formula that worked for me but now I have it. Some of my videos have gone viral and in the last month I have had 1200+ new subscribers. Hard work and continuous education pay off. Now about your t-shirt, just type your answer in a word document, copy and paste it, LOL! Thanks for all you do!
Sounds like you found your niche!
Props to you BTB, I myself am also semi-retired and living off my blog through affiliate links, referrals and ads. I've also invested in two flats that I'm renting. So far it's been awesome! It's true that you are selling t-shirts and advocating frugalismn at the same time, but I also advocate frugalism and I live off of ads. I just needed the money from ads and affiliate links in order to retire, that's all. But just like you, I explain to my readers that they need to be frugal.
Technically if they follow your advice to the letter, you would get much less revenue from your affiliate links. But this isn't going to happen realistically.
You can buy houses for like 50k in TN and rent for 650 a month easy
Hey, highly humbled by all that you have achieved with money, and feel pretty good about watching this. Got plenty of insight into your thinking!
Some people move to Vancouver, Washington. No income tax in WA. No sales tax across the river in Portland, Oregon. Might that be your final optimization?
Huh! I mean... I could move anywhere but I don't because of friends and family.
Love what you are doing man. I have been watching you for the past couple of years. You even inspired me to create my own channel. Keep it up.
Thank you! Add gas!
I preferably think that dividend and royalty income are the best sources of income :3
I like to think if I won the lottery I'd still make videos, but I agree it's hard to know if you would or not. I love seeing all your different income sources!! I have a few too like selling stuff on facebook, stock appreciation, and youtube related. It's impressive how much you've managed to grow your youtube channel!!
I just closed my eyes and kept on working on it. =D I think starting at 0 or 100 subs, you never really think to reach 240k when 1000 seems an order or magnitude away. I see you are not far from 10k yourself, good going!
@@BeatTheBush True! I never thought I would have 5,000 and here I am. Thank you so much! :)
A book would make a great present. Also being a landlord is not that bad. It's very rare that major issues come up. You can buy a 1 bedroom and rent it out. Just make sure to rent to a responsible person. The elderly make great renters, they tend not to up and move a lot (of course you can't discriminate, but just an FYI). I've watched your channel really grow through the years. Keep up the good work!
I see I cannot argue for or against it as I have never been one. We shall see.
The reason I liked this video so much and wanted to subscribe after is because you break down the pros and cons of the ways you make money as well as giving your experiences to make it more relatable. Makes the stories and information you’re trying convey a lot more interesting and keeps people focused for longer times.
Thank you and welcome!
Enjoying your content. Keep it up! I know too many people living from paycheck to paycheck. I'm so much happier living the minimalist lifestyle as opposed to being a maximalist.
im 23 working big hours hustling but im making sometimes 1500 a week no education and my bills are lower in tennessee, this gives me hope thanks for being there in videos in my youth too help me be structured this way now
Nice video. Multiple income sources are what it is all about. And it doesn't have to be a normal job. Ebay is a good example. The best thing about it is if one income source runs out, you can easily replace it. Plus not such a big deal because there are multiple sources.
Thank you Francis for sharing your knowledge. You are loved by many fans.
Thank you for watching! =D
love the way you talk...the presentation of ideas is very clear.
Why do you consider 2.5% interest profit when that is basically just countering the effects of inflation?
Get the most you can. At least it counters it.
@@BeatTheBush Sure. But with 2% inflation that leaves .5% profit. That's not much compensation for opportunity cost.
I make $100-$300 in 3 Hours by selling free things. Thats my second source of income.
How much is the cheapest free thing?
A source of income for me is donating plasma twice a week. If you give faithfully twice a week you can bring in about 300 dollars a month tax free. And the way it's set up the more times you give the more money you can make. For example on my 6th donation I will receive an additional bonus on top of my regular donor fee.
That is taxable income.
@@MichelleSmith-ky8lz Actually you are correct in that it's taxable income. As to how many people list it on their income taxes every year is debatable. My guess is that very few do. I'm not going to pay taxes on it. I have a yearly income of zero at present. And even if I did file it I fall within the poverty guidelines and would owe nothing on that little bit of money.
Another excellent video Mr. Bush, keep up the good work
This guy has so much wisdom, thanks for sharing it with us. BTW make those shirtless clips a little longer next time. I could not pause the video quick enough. ;)
I think you have hit my core well enough on frugality in your videos no book is needed for me
=D I sort of dread writing, it just isn't my thing.
I am not sure how often people read nowadays, but I do enjoy reading financial books (especially with graphs, visual aid, etc.). At times when I forget a concept, I would refer back to the book I read to remember it. In my opinion, referring back to the book gets straight to the point vs referring back to a previously watched video. @BeatTheBush if you do publish a book, I would definitely buy it to absorb knowledge better.
Home appreciation? What about the depreciation of the home? For example repairs. 2.25% that is the cost of living per year.
I think that largely depends if you price compare a bit. For example, I've seen a range of 1-4x pricing for roof replacement.
I respect the free content you get it👊
So many people need your help to get freedom. Frugal living can save the planet.
1.5 million kids are worried about climate change and if everyone lived like you we could potentially live in a more sustainable world.
John 3:17
Climate change is a hoax religion
EVERLASTING Unfortunately, not everyone will live this way. That’s reality. 7.5 billion people in the world. Most of us have a difficult time managing ourselves let alone our money.
As an individual, look at your inputs and outputs over a lifetime. Try not throwing away the garbage for a month and you will see very quickly the trash you generate.
1.5 million “kids” are worried about climate change because they are indoctrinated and scared to death, just like the idea that they will be the next victim of school shooting regardless of the true numbers. 24 hour, world wide news feeds the frenzy. Nothing against this video or the idea of frugal living for some individuals, but that doesn’t encourage Research and Development for products to improve lives.
Hulen Bryant Weather can’t even be 100% predicted. How do they experiment and research to conclude that “climate change” due to humans is real? Btw, I’m not a Republican or Democrat. Kids are scared from whatever the media portrays as scary. Adults seem to have bought into this as well.
Great vid, Francis. Don't EVER fully retire...ur vids r too helpful. 🎠
I love ur t-shirt design...and how u styled the t-shirt. 😘
Seriously respect you for admitting you aren’t sure if you would still do these vids if you were loaded.
I question it. Maybe I still need something enjoyable to do which I believe it is.
I may not be familiar with how to start stocks but I do sell material things online and find your videos very motivating to escape student loan debts. Keep up the good work love the videos
Please write the book
I like this vid.. My belief is that you will never stop doing you tube vids.. I can see that you enjoy it to much.. You enjoy the comments good or bad, etc
Answer these comments does not feel like work to me. I really enjoy most of them other than the troll ones. Perhaps I might just keep on making videos to make more money to be ever more secure.
@@BeatTheBush.. Sounds good.
I am a Gen X'er and still work by choice (self employed now) because I enjoy working so retirement will most likely be pushed back to 70. I do get plenty of time for hobbies and traveling with hubby who also works and doesn't want to retire until late 60's. We r both healthy because we eat healthy, take vit /mineral/ supplements and work out.
Most of people I knew that wanted to retire early (in their 30's-50s) we're those that couldn't stand their jobs, had excessive work hours or had a chronic illness. Most 20's and 30's who insist on retiring now will end up working again a few years down the road. I say that because seen it too many times. Not to mention if you still have a mortgage to pay, or kids to raise you're asking for trouble if u fully retire (unless u have at least a million or more $$$ to your name and work enough part-time hours to pay the mortgage). People are living much longer, for a millennial, most likely well into their 90's and the cost of living is increasing every year. Also full retirement is fun at first then it can get boring, I recommend working part-time (or semi retired as some people like to call it). If you can own your own biz or become self employed even better, as long as you can afford health insurance, go for it!
Gotta be getting that 'while you sleep' money. I have 4 income sources, a couple projects in the works for more, need to write that darn book.... virtually retired by the end of '19 BABY!
What will you do after you retire? If you find you will do the same thing, then perhaps you do not have to hurry. You are semi-retired already.
@@BeatTheBush Building a brand (this channel) and other projects that will pay me while I sleep. And some active investments About 5-10 hours per week. At that point, no more labor type work (about 10-15 hours p/w atm)!
Great content and thanks for sharing. I hope to grow my channel to 1000 in 2020. I'm going to work hard and use some techniques from you and your channel. Keep up the good work!
Anyone with common sense such as yourself wouldn't buy a t-shirt if the money was cutting into one's food budget. People with the negativity obviously haven't seen enough of your great videos. Keep up the good work! ( Or retirement hobbies)
I think you should write a book! For me, it's helpful to have all of the information in one place that I can turn to specific pages and get the information. Sometimes I'm too lazy to go back through video archives to figure out which video you talked about this specific thing, so having a book where I can fold a page would be helpful! I think it'd be neat if you referenced the video links in the book too!
Hmmmmmmmmm. A book... noooooooo
Thanks for another great video but if I can make a Suggestion on a future video on sources of income, when you get older: Such as Social Security, IRA, Roth IRA, Pension, Stocks, Home value, Part time job, Military / Veteran Income Rental income etc. This will show people how to prepare for retirement. You always have to re-evaluate your situation and look at different sources of income and how to keep the cost down with 0 debt yet have enough money / benefits to enjoy your life.
Wisdom on youtube and ppl watching making slime out of glue
I was surprised that you did not list real estate such as rental property. I started this about a year ago and have two properties. With about 10 rentals I can easily be retired from passive income. I encourage you to look in to it. If you fix everything up front, you should not have to deal with tenants, toilets, and taxes. I joined a 30 year old group that are experts at this. They adress all the issues that scare people away from real estate.
You’re so intelligent and I hope I can be as big as you one day. Keep up the great work! 👍 New Supporter
🔥🔥🔥
My favorite vid yet. Great knowledge. Thank you! Especially mentioning that you don't want to rent your place. That's something I may consider in the future, so thank you for your thoughts on the matter. And for talking about the t-shirts. Respect.
I appreciate your honesty about whether or not you would continue with UA-cam if you didn't need the money anymore!
=D
Hi when I first started watching you you had less than a hundred thousand and I remember when you did a video where you were counting with us and you got right over a hundred thousand it's amazing how great you've done and you know what for those folks that want to support you that's wonderful but if someone chooses not to because of budget or for whatever reason to me they can keep those opinions to themselves because guess what that's how people make money is to help each other and that's all I have to say on that but I think your UA-cam channel is doing great I could see you teaching a course on skillshare I don't know if you've ever thought about doing that
Ha! You remember that video! That was some crazy day I could hardly believe it. Not sure if I'll ever get used to the idea of an online course. Possibly.
You deserve all good blessings to come to you!!!
Love this video..hope to watch it over again later after work
Do you pay taxes on Patreon donations
I'll technically have one more source of income once my channel gets the required 250k minutes of watch time to be eligible for ad revenue😐
Nice! Keep on making more and better ones.
😁
So once you pass 250k watch time you get Ad Revenue? Thanks that information is very helpful!
Yes you should write a book. Ultimately, it means placing your brand and getting your name out there to reach a broader market like bookstores, Amazon users, and even broadcasting networks. Similar to your video license, you get royalties on your book. And maybe it’s hard to believe but people still read books and prefer a well-organized and thought-out book on-hand to refer back to :)
Hi Beat The Bush, I think it depends on whether you are more comfortable talking than writing. I see people writing books so that they can summarise all their thoughts and philosophy (lol!) and readers can access them entirely. But I think it really depends on your motivation, and the purpose of the book.
Yes I can hear the rain!
Maybe I will find the need for it one day. Certainly not now.
A few toughts for BTB:
- thank you for this video, I asked for it a long time ago and you finally decided you should do it
- I though repairing stuff would also be on this list. Do you only do those repairs as favors for friends?
- I think the t-shirt is a good thing, everybody needs t-shirts because they don't last forever. I would buy yours and some other channels' t-shirts except I think it's kinda ridiculous to buy them from another continent. Plus $20 is a lot more than I usually pay for a t-shirt.
- finally I think the book is also a good idea, youtube videos are all over the place, a well organized book is much better. But if you decide to write that book, please make it an ebook, paper books are only good to collect dust and kill trees. And also if you want to sell it internationally, try not to make it too US specific. I'm mentioning it because some of your videos are very US specific.
I would repair things but it is not a scaleable source and hence very limiting. I sell things as a personal need to reduce the things i have. That is also not scaleable. Someone needs to go organize all these videos. I think it'll take me months to get it all down on paper, lol.
@@BeatTheBush Of course it would take months but AFAIK it easily takes that long to write a book (not that I ever wrote one), so if you don't have a passion for it then it's understandable if you don't want to write yours. Just like I don't have a passion for editing videos. I could create my own youtube airsoft channel, I have so many ideas what to share with people, I could film all the interesting games I go to, I could borrow friends' guns to review, it's just all that editing. Or I could release one-take videos but those look so amateurish, I don't want to do that either.
Don't stock dividends get taxed at 15%?
Cooking Lessons for Dad they get taxed the same as income. Depends on what bracket you’re in.
@@63falcondude I pay 15% on my stock dividends. People need to pay 0, 15 or 20% depending on their income. It is not taxed as ordinary income. You can read about it here: www.efile.com/ordinary-qualified-dividends-tax-rates-stock-income/
That's why its so good to get tax free dividends.
@@BeatTheBush Yes tax-free is even better!
2:03 is the most honest and realistic comment anyone can say. If someone wins a lot of money, it's hard to predict how they would react. I've witness many different outcomes when there had been a large influx of money, from a high paying job or someone winning some money at the casino. Some people go crazy and spend it all, some turn into Hermits and start picking up pennies off the ground, some start playing the stock market, and surprising some people have no effect on them. Me personally I wouldn't work , but would diverify my investments into Commercial and Residential properties, Bonds, 401k , invest into Google and Amazon and leave some in the bank with interest, and i wouldn't forget about the new Ferrari.
You should write a book. You can even write an e-book. Most financial gurus have one. More income for you and you can teach others during your process which is more content for your channel.
I suppose I could but I have to say. Writing is pretty boring for me.
@@BeatTheBush you could "talk" your book on a recording and have someone transcribe it for you? After that you would still have to edit the weird paragraphs though because speech tends to be less organized.
Do you think now is a good time to buy a house? or wait until a few years later?
Tim Hau for Bay Area, buy as soon as you are able.
I don't know. I cant time the housing market very well but it does seem a bit high right now.
Problem with not having a full time engineering job is it makes you kind of like a child and a bit lonely. Thi was my experience having done it for 4 years and then going back. I went back as program manager for engineering company in Sydney, Australia and day to day is energy buzz of dealing with people and meetings, keeping up to date with technology and then weekends are full on. The social network is full on - weddings, sports events - golf, tennis etc, travel and social gatherings. I missed all that when not working. So for me I will work (do not need to but just top up investments) and then retire in 50's as love social aspect.
I take progressing from a job to self-employment as an evolution. I think using the term 'child' for not having a full time engineering job is belittling the position. So many people identify with their job so much that their identity becomes them.
Thank you for creating and sharing.
=D
You know what would make this channel money? A Beat-the-Bush versus The-Report-of-the-Week food challenge.
Maybe if I will fly myself over to Florida?
As one gets older, there is absolutely NO WAY you can live on $36.00 bucks a day! Dr’s visits, aging, prescriptions not covered by healthcare, physical therapy, mobility aids, elderly friendly appliances, hygiene accessories, heating and vision, etc. etc. will go way up exponentially! My parents were paying $3-4K a month on meds alone that were not covered in their old age!
I guess time will tell how costs will go up. =D
In California, I would guess those costs will be the highest in the world! We too live in California, which I refer to as Commiefornia...
Citizens Access savings account is currently paying 2.35% with a $5000 minimum, but no other requirements.
what do you think of the bank?
I WOULD LOVE FOR YOU TO WRITE A BOOK. Just a ebook with like checklists and bullet points. A free newsletter or just small ebook would be great!
Why cant I just make videos. Lol.
@@BeatTheBush I love your videos too so whichever is fine I just like a visual that I can refer back to!
I see the need for a book, maybe I will one day fine a reason to like writing. I see this PSY Gentleman dance thing on your vid, nice!
@@BeatTheBush omg that video is so old. I'm excited to see if you decide to write one!
Liked, hit the bell, your videos, Walt for them and see them until they finish.
Love your content, voice and personality.
Thank you! Welcome!
1. Home appreciation
2. High yield savings @ 2.25% yield
3. CA Muni bonds. Tax free dividends. Dayum. Price fluctuation risk.
4. Stock appreciation
5. Sell stuff: eBay, Amazon, close5, letgo, fb marketplace, craigslist
6. YT channel - amzn affiliate 3-5% commission
7. Audible - affiliate link
8. Brand referrals - sponsorships
9. Adsense
10. Video licensing - viral videos used on TV channel
11. T shirt sales
12. Patreon
I hope you keep uploading videos as you have such interesting content.
That will be the ultimate test. And I'll be sure to cover this in a video if I become fully retired. It might take some time.
How much are you making from all your passive income?
Plz write the damn book! You have a lot of fans that may want to give the book to somebody. Also the book can lead to speaking engagement that will allow you to help more people.
I actually did a speaking gig a while back. I still have to edit and upload it.
You're an inspiration.
=D Thank you!
For the savings is that more of an emergency fund because inflation averages 2-3% right? and your only getting back 2.25% APR
In new zealand the savings bank account with the highest interest rate is 2.15% and then it gets taxed and then there are administration fees so it's almost worth not even having it in the bank
@@monda111111 whaaat?!?! I get 0.1%!!! On my savings acc from my bank, man the Netherlands sucks.
@@dodopson3211 yea I think some places like japan for instance only have negative interest rates in banks to try incentivize spending to help stimulate the economy
It's better to get 2.25 even if it's less than inflation than to get 0.0001 from a bank
@@suttsd sure if banking were the only option for the example att gives 6% dividend rate
Thanks for being real.
The sole thought of going back to my shitty job makes me want to drive my head through a cinderblock wall.
Do a video on how to buy a house. Houses in the bay area are like a million dollars
Maybe don't buy one there if you can't afford it then
Save for 10-20 percent down and keep your credit clean, to start.
I already blew it. On both fronts.
FHA loans can be had for as little as 3% down,but have a cap of 620,000 or so which can at least get you started.
I still come back here because you remind me of home so much.
=D That is rare one. Thank you!
How long is the terms of your bonds for? I can see buying them at a discount and holding them to maturity.
I buy the fund which you could say is less efficient but more liquid.
Not sure if it's rain or audio static? Seems to be static.
Do you use any debt to fund investments?
I recently worked my way up to 3 sources of income. I put my resume on job boards like indeed. Recruiters kept contacting me for jobs. I kept going to interviews even after getting a decent job. I went from making 60k to $160k a year. My 2nd job is working remotely supporting computers. 3rd job is part time. So the lesson i learned is constantly look for new jobs. Tell employers that you are unemployed.
What do you think of treasury bills? I have been looking into the 4-week bills as a ladder. They are at about 2.4% right now and you pay no state income tax.
I would definitely buy that book or an online course. It's easier to learn your strategies for credit card churning and frugality when it's packaged into a bundle or something.
More concise a format I suppose.
@@BeatTheBush It also simplifies things and saves you time.