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How I Make $5,000 A Month On YouTube
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How I Make $5,000 A Month On YouTube
Are you curious about how much YouTubers make? Maybe you are looking to start your own YouTube channel, or you are just a curious person. Today I’m sharing my 7 Streams of Income From YouTube and how I make over $5,000 a month while still working a 9-5.
Importance of Multiple Streams of Income: I’ve learned that I need to bring in money from more than one source. What if we lose our jobs or get a considerable pay cut? We don’t and cannot rely solely on our day jobs.
Just like having a diversified portfolio in investing, it is critical with my investing, it’s just as important to diversify your income streams. In other words: ‘Don’t put all your eggs in one basket!’
Active Income vs. Passive Income Before we dig into the importance of multiple income streams, I want to talk about the two different types of income. They are active income and passive income.
Active income is income that you currently have to work for to get paid. In other words, if the work isn’t done, there is no paycheck.
Passive income is work that you complete once and continue to get paid months and sometimes years later over and over again. For example: Creating one YouTube video takes me about 8-10 hours of work. I get paid through AdSense revenue. Initially, this is active income; however, I only create the video once. Years down the road, that video will still get views that I get paid for. This YouTube video then turns into passive income.
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DISCLOSURE: Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe.
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