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A Loan Wont Solve Your Money Woes If You Dont Fix These 10 Financial Issues First

As noted, money woes are sometimes the result of plain old bad luck (illness, job loss). However, sometimes we’re our own worst enemies: We buy too much, we save too little, we plan not at all.

You can’t get ahead that way. And you can’t keep borrowing your way out of trouble. A loan won’t help you unless you fix the following issues.

1. Not having a budget

The simplest way to wind up in debt is to spend without thinking. Stop, then, and think for a moment about what you would like to have happen five years from now: buying a home, starting a business, getting married, traveling?

When you create a budget, you’re not just allocating your dollars – you’re enabling your dreams. An easy way to do it is the 50/30/20 budget: Spend no more than 50% of your take-home pay on essentials, 30% on wants, and 20% on saving (including retirement planning and an emergency fund). Plenty of budgeting apps exist as well (some are even free).

2. Not tracking spending

You can’t plug budget leaks unless you know where they are. Track your spending for a month, using pen and paper or a budgeting app. The cumulative effect could be eye-opening.

For example, a relative’s ex-husband was shocked – shocked! – to realize that spending $8 a day on fast food added up to $240 a month. His wife had made more money than he did, and their commingled finances made it easy for him to swipe a card and think no more of it.

Here’s hoping that your own habits aren’t quite that clueless. But even those of us who think we’re doing pretty well could be surprised by the cumulative impact of certain habits: beef jerky and a soda every time we pay for gasoline, daily iTunes downloads, $20 a week on scratch tickets.

Add up the opportunity cost of those non-essentials, and ask yourself if you could do better. (Spoiler alert: You probably can.)

3. Keeping up with the Joneses

Just because next-door neighbor bought the priciest riding mower on the market doesn’t mean you have to ditch your trusty Snapper. When your coworker talks about all the activities her kid participates in, you don’t have to sign your own tots up for horseback riding and soccer camp.

You should not let other people determine your clothing, décor, automobile, or anything else. It’s no one’s business that you bought a fixer-upper, that you drive your car until the wheels fall off, that your idea of nightlife is to read a new library book once the kids are in bed.

Remember: The Joneses may be up to their hairlines in debt. They might be focused on keeping up, too – with the minimum payments, that is.

4. Wanting your kids to have things you didn’t

There’s nothing wrong with this! Except when there is.

Obviously you want your children to be well-fed, reasonably well-dressed, and housed comfortably. You might also want to give them treats and opportunities you never had, such as vacation trips, a big allowance, loads of extracurricular activities, and fully funded education plans.

But don’t let this noble impulse bust your budget. Just because your kid wants snowboarding lessons, a new smartphone every year, and a car of their own at age 16 doesn’t mean you have to give these things. Staying out of debt and funding your retirement should take precedence over granting every whim.

At the very least they should have some skin in the game: doing additional chores to help save up for a big-ticket item, say, or mowing lawns or babysitting for extra pocket money.

Besides, we aren’t doing our kids any favors when we give them everything they want. Setting the bar too high now could mean setting them up for problems later on. Specifically, when they move out on their own they’ll want to keep living in the style to which we have accustomed them – and if their salaries don’t allow for that, they’ll wind up in debt.

5. Automatic upgrades

What’s wrong with your old smartphone or car or whatever? If you bought it relatively recently and it still works, what’s with the rush to replace?

If you get the newest phone as soon as it comes out, or trade in your vehicle every few years, or replace anything else before it really needs replacing, ask yourself why. Because your co-workers do? Because some commercial made you want a new car? Because you don’t know why, but you really, really want to anyway?

Think about the opportunity cost of that cash. Then think about the way you want to live, and whether or not you want other people making decisions about your money.

6. Shopping mindlessly

If you don’t need anything, stay out of the mall. Going shopping with friends puts you in a position to find something you suddenly can’t live without, or something that looks so cute on you or would be so cool in your house or so useful in the garage.

Except that you were doing just fine without that item until you saw it.

Ditto online shopping: Don’t cruise your favorite retailers’ websites unless you have a specific reason to do so. Better yet, undo the “one-click” function and remove stored credit card info from all sites where you’ve shopped in the past.

Bonus frugal points if you change your online passwords to something that has personal significance, such as “WeDDingDAy8192020,” or “19YEarsLEftonMORTgage,” or “EARLYretire2028” – these little reminders of where your dollars could be going instead might help you from overbuying.

7. Always buying retail

Why automatically pay full price? Instead of heading straight to the shopping center when you need (or want) something, consider these options instead:

  • Thrift shops: Some are junky, but others are great. It’s like a treasure hunt. (Pro tip: Find out if there are senior discounts or other special deals. For example, a secondhand store my daughter likes offers 50 percent off every Monday.)
  • Consignment stores: Like thrift shops, except they’re more discriminating about what’s accepted.
  • Flash sales: While online shopping should be approached with caution, sometimes a sale really istoo good to pass up. Hold yourself to limits, though: Just because those slacks are a great deal doesn’t mean you need to buy a pair in every color.
  • OfferUp, LetGo, Craigslist: Sometimes people want (or need) to get rid of furniture, tools, bikes or automobiles without the hassle of a yard sale. Caution is required, but you can get some darned good deals this way.
  • Newspaper classified ads: Yes, really. A guy I know recently bought a pickup truck (necessary for his job) from a newspaper ad, spending many thousands less than he would have paid at a dealership.
  • Freecyle: You might be surprised at what’s being given away, no strings attached. I’ve seen beautiful furniture, clothing, bicycles, toys, books, and other useful stuff offered up.
  • Yard sales: Another treasure hunt. I’ve seen items still in the shrink-wrap at these sales. It’s a great place to buy baby stuff, including newborn-sized clothing that seems never to have been worn.
  • Buy Nothing Facebook groups: Last month my partner and I just picked up an almost-new Weber grill. Some of the other things I’ve seen lately: baby stuff, solid wood table, sewing machine, board games, computer desk, cookware, and tons of children’s clothes. All of it is free.

8. Overdoing it on special occasions

Are holidays and birthdays completely over the top? Maybe it’s time to tone it down. When they become extravaganzas of gift-giving, we cheapen the meaning and also set the bar higher and higher. A kid who gets tons of presents is unlikely to appreciate each one fully – and more to the point, he develops a sense of entitlement.

As for birthday parties, when did they start resembling mini-coronations? Even one-year-olds are having party rooms reserved, decorations put up, and gift registries established. Really?

Think of all the money that’s spent and quickly forgotten. Now think what those dollars could have done for a child’s education fund – or your own retirement.

Celebrate joyously, but celebrate sensibly.

9. Overbuying for grandchildren

While waiting in line at a crafts store, I met a woman who developed the bad habit of having small gifts waiting for her granddaughters whenever they visited – and they visited a lot. The woman was fretting visibly as she looked over the items in the store’s dollar section.

“What do you buy for someone who already has everything?” she asked me.

After hearing her story, I felt very sad not just for her but also for the kids. A visit to grandma’s house had become an exercise in acquisition. The first thing they do upon crossing the threshold is to ask what they’re getting. (Does anyone else find that quite sad?)

Expectations are made, not born. If you’ve gotten into the habit of treats and more treats, scale back. Replace them with activities and gifts of time. The kids who are used to getting stuff will gradually become used to not getting stuff – and when occasionally you do treat them, it will mean a lot more.

Again, the money you save could go toward their education funds or toward shoring up your own budget. You can’t finance retirement.

10. Giving more than you can afford

Charity is a noble impulse. But giving to the American Red Cross or the Society for the Prevention of Cruelty to Animals should be done after you’ve taken care of business. Specifically, after you’ve built an

Financial Advice

1. Don’t Save For a Rainy Day, Save to Invest
Most people save money for a rainy day.
This is the wrong way to do it…
Sure, you should stock aside 3–6 months worth of living expenses to cover your ass.
But the vast majority of your savings should be allocated towards investing to create wealth.
Here’s the deal…
Having $10,000 or even $100,000 in a savings account will maybe help you earn 1% interest.
However, putting that same amount into the right index fund, real estate deal, or business could help you earn 10%, 30%, or even 100% back on the initial principle.
Save just enough to cover a few months of living and then invest ALL of your excess capital into cash flow producing assets.
If you do not own cash producing assets you are working inside someone else’s asset.
2. You Can’t Save Your Way to Wealth
Most people think that you can save your way to wealth.
As usual, most people are wrong.
Think about it…
If you spend 30 hours a month clipping coupons, cooking foods at home instead of eating out, and finding ways to scrimp and save spare change, you might be able to cut $1,000 to $2,000 a month in spending.
But after a certain point, you can’t cut anymore.
However, there is NO cap on the amount of money you can earn and those same 30 hours could help you generate an additional $1,000, $2,000, or (if you know what you’re doing) even $10,000 in extra revenue per month.
With this model, you can have your cake and eat it too.
I don’t believe in saving your way to wealth I believe in creating so much value that you have a surplus of cash every month.
You can live the life you want to live, enjoy your guilty pleasures, and still have enough money to carry you through the hardest of times and invest in lucrative deals.
3. Passive Income is Worth 10x Working Income!
This one is hard to grasp especially for high earners.
Every dollar that you earn passively is worth $10 that you earned by trading your time.
When you generate passive income, you create the ultimate form of freedom.
Let me ask you…
Would you rather earn $12,000 a month working 65 hours a week and killing yourself to bring home the bacon?
Or $4,000 a month that you have to do NOTHING (or very little) to acquire.
The answer should be pretty obvious especially, when you consider stress, time, energy, family and lifestyle factors.
Now, consider that once you’re making $4,000/month in passive income there is nothing stopping you from working an additional 10–15 hours per week to increase that passive income to $8,000 then $10,000 and beyond.
I don’t believe it’s healthy to just stop working entirely and do nothing with your life since you have passive income so I recommend you focus just a few hours per day doing something you enjoy to slowly increase that passive income.
You’d be surprised at how quick you can grow your passive income when you are working on your OWN time, for YOURSELF, with low stress. You’d likely get more done in that 10–15 hours than you would 65 hours working for someone else.
It’s actually kind of fun and just becomes a game of how much passive you can add monthly.
The quicker you can get your money working for YOU and generating cash while you sleep, the quicker you’ll be able to live the life of your dreams, reduce your stress and likely live longer too.
4. Debt is Slavery Period.
When you owe money that you don’t have to someone else, you are effectively their slave.
I’m not one of those financial pundits who will tell you to cut up your credit cards.
I have several cards that I use (and then completely pay off) each month to earn points and make sure that I’m capitalizing on the opportunities offered by credit card companies.
The trick is that you have to PAY THEM OFF each month with an automatic payment and never worry about it.
5. You Are the Best Investment on the Planet
If you want to make more money than you currently believe is possible, then there is one investment that you MUST make.
The investment in yourself.
When you grow your skill-set, knowledge, and network, you are directly increasing your ability to earn more money and create lasting wealth.
You can’t calculate the ROI that one powerful idea or one good connection can have in your life.
You are only one skill-set, one connection, or one big idea away from your first million dollars.
The day your life will change forever is the day that you start investing in yourself.


Ten Things to do to achieve success

”Somebody once told me the definition of hell:

“On your last day on earth, the person you became will meet the person you could have become.” — Anonymous

Sometimes, to become successful and get closer to the person you can become, you don’t need to add more things — you need to give some of them up.

There are certain things that are universal, which will make you successful if you give up on them, even though each one of us could have a different definition of success.

You can give up on some of them as soon as today, while it might take a bit longer to give up on others.

1. Give Up On The Unhealthy Lifestyle

“Take care of your body. It’s the only place you have to live.” — Jim Rohn

If you want to achieve anything in life, everything starts here. First, you should take care of your health, and there are only three things you need to keep in mind:

  1. Quality Sleep
  2. Healthy Diet
  3. Physical Activity

Small steps, but you will thank yourself one day.

2. Give Up The Short-term Mindset

“You only live once, but if you do it right, once is enough.” — Mae West

Successful people set long-term goals, and they know these aims are merely the result of short-term habits that they need to do every day.

These healthy habits shouldn’t be something you do; they should be something you embody.

There is a difference between: “Working out to get a summer body” and“Working out because that’s who you are.”

3. Give Up On Playing Small

“Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people will not feel insecure around you. We are all meant to shine, as children do. It is not just in some of us; it is in everyone, and as we let our light shine, we unconsciously give others permission to do the same. As we are liberated from our fear, our presence automatically liberates others.”

— Marianne Williamson

If you never try and take great opportunities or allow your dreams to become realities, you will never unleash your true potential.

And the world will never benefit from what you could have achieved.

So voice your ideas, don’t be afraid to fail, and certainly don’t be afraid to succeed.

4. Give Up Your Excuses

“It’s not about the cards you’re dealt, but how you play the hand.”
― Randy Pausch, The Last Lecture

Successful people know that they are responsible for their life, no matter their starting point, weaknesses, and past failures.

Realising that you are responsible for what happens next in your life is both frightening and exciting.

And when you do, that becomes the only way you can become successful, because excuses limit and prevent us from growing personally and professionally.

Own your life; no one else will.

5. Give Up The Fixed Mindset

“The future belongs to those who learn more skills and combine them in creative ways.” ― Robert Greene, Mastery

People with a fixed mindset think their intelligence or talents are pre-determined traits that cannot be changed. They also believe that talent alone leads to success — without hard work. But they’re wrong.

Successful people know this. They invest an immense amount of time on a daily basis to develop a growth mindset, acquire new knowledge, learn new skills and change their perception so that it can benefit their lives.

Who you are today is not who you have to be tomorrow.

6. Give Up Believing In The “Magic Bullet.”

“Every day, in every way, I’m getting better and better” — Émile Coué

Overnight success is a myth.

Successful people know that making small continuous improvement every day will be compounded over time and give them desired results.

That is why you should plan for the future, but focus on the day that’s ahead of you, and improve just 1% every day.

7. Give Up Your Perfectionism

“Shipping beats perfection.” — Khan Academy’s Development Mantra

Nothing will ever be perfect, no matter how much you try.

Fear of failure (or even fear of success) often prevents you from taking action and putting your creation out there in the world. But a lot of opportunities will be lost if you wait for things to be right.

So “ship,” and then improve (that 1%).

8. Give Up Multi-tasking

“Most of the time multitasking is an illusion. You think you are multitasking, but in reality, you are actually wasting time switching from one task to another “

— Bosco Tjan

Successful people know this.

That’s why they choose one thing and then beat it into submission. No matter what it is — a business idea, a conversation, or a workout.

Being fully present and committed to one task is indispensable.

9. Give Up Your Need to Control Everything

“Some things are up to us, and some things are not up to us.” — Epictetus

Differentiating these two is crucial.

Detach from the things you cannot control, focus on the ones you can, and know that sometimes, the only thing you will be able to control is your attitude towards something.

Remember: nobody can be frustrated while saying “Bubbles” in an angry voice.

10. Give Up On Saying YES To Things That Don’t Support Your Goals

“He who would accomplish little must sacrifice little; he who would achieve much must sacrifice much; he who would attain highly must sacrifice greatly.”

— James Allen

Successful people know that in order to accomplish their goals, they will have to say NO to certain tasks, activities, and demands from their friends, family, and colleagues.

In the short-term, you might sacrifice a bit of instant gratification, but when your goals come to fruition, it will all be worth it.

11. Give Up The Toxic People

“Stay away from negative people. They have a problem for every solution.”

— Albert Einstein

People you spend the most time with add up to who you become.

If you spend time with those who refuse to take responsibility for their life, always find excuses and blame others for the situation they are in, your average will go down, and with it your opportunity to succeed.

However, if you spend time with people who are trying to increase their standard of living, and grow personally and professionally, your average will go up, and you will become more successful.

Take a look at around you, and see if you need to make any changes.

12. Give Up Your Need To Be Liked

“You can be the juiciest, ripest peach in the world, and there’s still going to be people who hate peaches.” — Dita Von Teese

Think of yourself as a market niche.

There will be a lot of people who like that niche, and there will be individuals who don’t. And no matter what you do, you won’t be able to make the entire market like you.

This is completely natural, and there’s no need to justify yourself.

The only thing you can do is to remain authentic, improve and provide value every day, and know that the growing number of “haters” means that you are doing remarkable things.

13. Give Up Wasting Time

“The trouble is, you think you have time” — Jack Kornfield

You only have this one crazy and precious life. That’s why you owe it to yourself to see who you can become, and how far you can go.

However, to do that, you need to ditch meaningless time wasters and stop allowing them to be an escape from your most important goals.

To do that, you should learn how to take control over your focus, attention and make the most out of your 24 hours within a day.

Remember that you will die, so never stop creating your legacy and doing the things that will enrich your life.

10 ways to avoid losing money in forex

The global forex market does more than $5 trillion in average daily trading volume, making it the largest financial market in the world. Forex’s popularity entices foreign-exchange traders of all levels, from greenhorns just learning about the financial markets to well-seasoned professionals. Because it is so easy to trade forex – with round-the-clock sessions, access to significant leverage and relatively low costs – it is also very easy to lose money trading forex. Here are 10 ways that traders can avoid losing money in the competitive forex market.

1. Do Your Homework – Learn Before You Burn

Just because forex is easy to get into, it doesn’t mean that due diligence can be avoided. Learning about forex is integral to a trader’s success in the forex markets. While the majority of learning comes from live trading and experience, a trader should learn everything possible about the forex markets, including the geopolitical and economic factors that affect a trader’s preferred currencies. Homework is an ongoing effort as traders need to be prepared to adapt to changing market conditions, regulations and world events. Part of this research process involves developing a trading plan – a systematic method for screening and evaluating investments, determining the amount of risk that is or should be taken and formulating short- and long-term investment objectives.

2. Take the Time to Find a Reputable Broker

The forex industry has much less oversight than other markets, so it is possible to end up doing business with a less-than-reputable forex broker. Due to concerns about the safety of deposits and the overall integrity of a broker, forex traders should only open an account with a firm that is a member of the National Futures Association (NFA) and that is registered with the U.S. Commodity Futures Trading Commission (CFTC) as a futures commission merchant. Each country outside of the United States has its own regulatory body with which legitimate forex brokers should be registered.

Traders should also research each broker’s account offerings, including leverage amounts, commissions and spreads, initial deposits, and account funding and withdrawal policies. A helpful customer service representative should have all this information and be able to answer any questions regarding the firm’s services and policies.

3. Use a Practice Account

Nearly all trading platforms come with a practice account, sometimes called a simulated account or demo account. These accounts allow traders to place hypothetical trades without a funded account. Perhaps the most important benefit of a practice account is that it allows a trader to become adept at order-entry techniques.

Few things are as damaging to a trading account (and a trader’s confidence) as pushing the wrong button when opening or exiting a position. It is not uncommon, for example, for a new trader to accidentally add to a losing position instead of closing the trade. Multiple errors in order entry can lead to large, unprotected losing trades. Aside from the devastating financial implications, this situation is incredibly stressful. Practice makes perfect: Experiment with order entries before placing real money on the line.

4. Keep Charts Clean

Once a forex trader has opened an account, it may be tempting to take advantage of all the technical analysis tools offered by the trading platform. While many of these indicators are well-suited to the forex markets, it is important to remember to keep analysis techniques to a minimum in order for them to be effective. Using multiples of the same types of indicators – such as two volatility indicators or two oscillators, for example – can become redundant and can even give opposing signals. This should be avoided.

Any analysis technique that is not regularly used to enhance trading performance should be removed from the chart. In addition to the tools that are applied to the chart, pay attention to the overall look of the workspace. The chosen colors, fonts and types of price bars (line, candle bar, range bar, etc.) should create an easy-to-read-and-interpret chart, allowing the trader to more effectively respond to changing market conditions.

5. Protect Your Trading Account

While there is much focus on making money in forex trading, it is important to learn how to avoid losing money. Proper money management techniques are an integral part of successful trading. Many veteran traders would agree that one can enter a position at any price and still make money – it’s how one gets out of the trade that matters.

Part of this is knowing when to accept your losses and move on. Always using a protective stop loss (a strategy designed to protect existing gains or thwart further losses by means of a stop-loss order or limit order) is an effective way to make sure that losses remain reasonable. Traders can also consider using a maximum daily loss amount beyond which all positions would be closed and no new trades initiated until the next trading session. While traders should have plans to limit losses, it is equally essential to protect profits. Money management techniques, such as utilizing trailing stops (a stop order that can be set at a defined percentage away from a security’s current market price) can help preserve winnings while still giving a trade room to grow.

6. Start Small When Going Live

Once a trader has done his or her homework, spent time with a practice account and has a trading plan in place, it may be time to go live – that is, start trading with real money at stake. No amount of practice trading can exactly simulate real trading. As such, it is vital to start small when going live.

Factors like emotions and slippage (the difference between the expected price of a trade and the price at which the trade is actually executed) cannot be fully understood and accounted for until trading live. Additionally, a trading plan that performed like a champ in backtesting results or practice trading could, in reality, fail miserably when applied to a live market. By starting small, a trader can evaluate his or her trading plan and emotions, and gain more practice in executing precise order entries – without risking the entire trading account in the process.

7. Use Reasonable Leverage

Forex trading is unique in the amount of leverage that is afforded to its participants. One of the reasons forex is so attractive is that traders have the opportunity to make potentially large profits with a very small investment – sometimes as little as $50. Properly used, leverage does provide potential for growth; however, leverage can just as easily amplify losses. A trader can control the amount of leverage used by basing position size on the account balance. For example, if a trader has $10,000 in a forex account, a $100,000 position (one standard lot) would utilize 10:1 leverage. While the trader could open a much larger position if he or she were to maximize leverage, a smaller position will limit risk.

8. Keep Good Records

A trading journal is an effective way to learn from both losses and successes in forex trading. Keeping a record of trading activity containing dates, instruments, profits, losses, and, perhaps most important, the trader’s own performance and emotions can be incredibly beneficial to growing as a successful trader. When periodically reviewed, a trading journal provides important feedback that makes learning possible. Einstein once said that “insanity is doing the same thing over and over and expecting different results.” Without a trading journal and good record keeping, traders are likely to continue making the same mistakes, minimizing their chances of become profitable and successful traders.

9. Understand Tax Implications and Treatment

It is important to understand the tax implications and treatment of forex trading activity in order to be prepared at tax time. Consulting with a qualified accountant or tax specialist can help avoid any surprises and can help individuals take advantage of various tax laws, such as marked-to-marketaccounting (recording the value of an asset to reflect its current market levels). Since tax laws change regularly, it is prudent to develop a relationship with a trusted and reliable professional who can guide and manage all tax-related matters.

10. Treat Trading As a Business

It is essential to treat forex trading as a business and to remember that individual wins and losses don’t matter in the short run; it is how the trading business performs over time that is important. As such, traders should try to avoid becoming overly emotional about either wins or losses, and treat each as just another day at the office. As with any business, forex trading incurs expenses, losses, taxes, risk and uncertainty. Also, just as small businesses rarely become successful overnight, neither do most forex traders. Planning, setting realistic goals, staying organized and learning from both successes and failures will help ensure a long, successful career as a forex trader.

The Bottom Line

The worldwide forex market is attractive to many traders because of its low account requirements, round-the-clock trading and access to high amounts of leverage. When approached as a business, forex trading can be profitable and rewarding. In summary, traders can avoid losing money in forex by:

  • Being well-prepared
  • Having the patience and discipline to study and research
  • Applying sound money management techniques
  • Approaching trading activity as a business

Read more: 10 Ways To Avoid Losing Money In Forex https://www.investopedia.com/trading/avoid-losing-money-forex/#ixzz5XP7ehXDS
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How to make money from Home

Earning with YouTube is easy, but making big money with the platform can be a challenge. Here is how YouTube ad revenue works and how to get started making money through the platform.

Enable AdSense for YouTube on Your Account

The first two steps in earning online revenue with YouTube is to open an account and turn on account monetization. Enabling monetization requires accepting YouTube’s advertising guidelines and connecting to an AdSense account for payment. Enabling ads on your YouTube videos requires agreeing to Google’s ad revenue share for YouTube. There is a 45/55 split for all content creators, so Google keeps 45 percent of all YouTube advertising on your videos, and you get the remaining 55 percent.

Upload a Video and Promote

In order to earn revenue on a video, you need to first post videos on your YouTube account. You can create and edit your videos in advance using an editing program such as Adobe (ADBE) Premier or Apple’s (AAPL) iMovie, or you can upload a raw video from your phone or computer and use the YouTube video editor. Once your video is online, you need people to watch it. Promote your content on social networks, to family and friends, on blogs, Tumblr (YHOO), and any other possible digital outlet. More views means more money in your pocket.

In 2013, the average cost per thousand (CPM) for YouTube was $7.60. CPM (cost per thousand) is an industry term that represents revenue per thousand views. In 2013, the average income for each YouTube content creator was $7.60 per every thousand views. A video with 500 views would have earned roughly $3.80. A video like Gangnam Style with a billion views would earn $7.8 million. Some videos earn a higher or lower than average rate depending on the video content. Videos containing copyrighted music do not earn revenue for the video creator, and some topics may not attract advertisers. Others have a strong draw from advertisers and drive up the CPM.

If you’re having trouble getting views, try to be creative on where you share your videos. Targeting an audience with an interest in your type of content works better than trying to appeal to a general audience, so you may find better results from a Facebook (FB) group, sub-Reddit or forum about the specific topic. Also be sure to set up your individual channel settings so if one video becomes popular visitors can easily find related videos you’ve created.

Get Paid From AdSense

Once you link your AdSense account to your YouTube account, you will receive credit for each video’s monthly revenue. Once you accumulate $100 in earnings, Google will issue a payment to your bank account. You can choose to be paid via direct deposit (not available in all countries) or check—direct deposit is the fastest method and has no fee. If you are located in the United States and earn more than $600 per year, Google will issue a 1099 form. Either way, you are required to pay income tax on your earnings.

The Bottom Line on Earning With YouTube

Individuals and businesses make millions of dollars through YouTube advertising, but there are risks to using a platform controlled by another company. Not only is there a chance that a change in Google’s search algorithms could make or break video traffic, but Google also takes a hefty 45 percent cut of revenue from video advertising. Nevertheless, YouTube is a massive platform and is the world’s second largest search engine after Google, which includes YouTube videos in search results. If the benefits of reaching YouTube’s large audience and having Google handle the most labor-intensive parts of building an advertising network outweigh the costs and risks, this platform is a great resource for turning videos into cash.

Source Investopedia

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