Earl V. MeisterWhat are the most popular YouTubers, and how much money do they make? This is an important question for many reasons. First of all, this infographic will help you find a good source of information about who has the biggest pockets in YouTube land. Secondly, if you want to make your own living on YouTube without lucking out with fame and fortune like some other people have had, it’s helpful to know what kind of success that those influencers have had so far.
Richard Fain is an American YouTuber who has a net worth of $2.6 million dollars. He is married to his wife, who he met on YouTube.
Richard Fain ten-folded his net worth by using three tried-and-true tactics. He resolved to pay himself first as the first thing he did. His net worth was rather low when he was thirty years old. He realized he needed to make a change at that time. He wanted to start saving as soon as possible so that he might benefit from compound interest over the following twenty or thirty years. He took a look at his spending plan. Where did all of his money from his nine-to-five job go each month?
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Richard remarked in one of his YouTube videos, “So I took a look at what I was spending my money on and I began taking out items that I really didn’t need.” Going out to eat all the time, you know. Purchasing items on the spur of the moment that I never utilized. Taking extravagant excursions and other activities that I probably didn’t need to do. Going out and having a good time is all there is to it. I began eliminating some of those activities from my life.”
He realized he had more than enough money to start paying himself first after doing so. But how does it appear? It meant putting away the first ten percent of whatever he earned and utilizing it to make wise investments. Each paycheck contributed 10 percent to his investment account. There are no exceptions. And, once again, Richard was only able to do so because he reduced his spending.
He’s not letting you off the hook for not paying your expenses. You still have to take care of your responsibilities in life. It’s more of a change in perspective than anything else. “I’m the one who gets paid first.” I take ten percent and put it into investments to help me enhance my financial situation in the future.” To free up that ten percent, all you have to do is live modestly. It won’t happen if you’re racking up credit card debt to pay for goods you might easily live without.
Richard’s second strategy for ten-folding his net worth was to invest in real estate. He purchased his first property with the idea that if he stayed in it for two years and it appreciated in value, he could use the equity to purchase a second home. His reasoning was sound. That is exactly what he did. In fact, I’ve done it many times. Real estate had a significant role in increasing his net worth. He never went insane about it. He’s had a maximum of five properties at any one time.
Deferred gratification is the third approach. Richard might have spent his money on automobiles, jewelry, and luxury trips for many years. He put up a fight. He made a pledge to himself that he would not do something like that until he had guaranteed his future. He also determined that he needed to generate extra sources of revenue in order to pay for his gadgets. He began selling fancy watches and began investing in equities. Then he started indulging a bit with his newfound wealth. However, this was after fifteen years of deprivation.
Richard now generates even more money via YouTube ad income, affiliate marketing (for example, Webull stocks), financial tutoring, and other means. He hasn’t stated his actual net worth, but based on what he’s published on his YouTube channel, it seems to be in the five million dollar range. Follow this guy for further information on stock marketing, real estate investment, credit card arbitrage, watch flipping, and some nice automobile eye pleasure.
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Richard Fain is a financial consultant who has made his fortune through YouTube. He has been in the business of financial consulting for over 20 years and he is one of the most sought-after financial experts on YouTube. Reference: richard fain financial consulting.
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