Hey there! Have you ever wondered how much money a doctor can make from their job and other sources of income, like YouTube? Well, in this video by Ali Abdaal, a doctor and YouTuber, he breaks down his income over the course of a week. He starts off by discussing his annual salary as a junior doctor in the UK’s National Health Service, which is around £38,000. From there, he goes into the breakdown of his income, including both active sources (his doctor job) and passive sources (YouTube, Skillshare, and affiliate programs). Ali shares his earnings from YouTube Adsense revenue, Skillshare royalties, and affiliate partnerships with companies like Epidemic Sound and Amazon. He also offers transparency by revealing his total income for the week, emphasizing the potential for passive income and financial independence. If you’re interested in starting your own YouTube channel or exploring passive income opportunities, Ali’s video is definitely worth watching!
Start Your Own YouTube Channel: Learn from a Doctor and YouTuber
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Introduction
If you’ve ever considered starting your own YouTube channel and wondered if it could be a viable source of income, then you’re in luck. In this article, we will take a comprehensive look at the income breakdown of a doctor and YouTuber, providing insights into both active and passive income sources. By learning from their experience, you can gain valuable knowledge for your own journey into content creation and potentially create a sustainable income.
Overview of the Creator’s Income as a Doctor and YouTuber
The creator of this video works as a junior doctor in the UK’s National Health Service, earning an annual salary of around £38,000. Alongside their medical career, they have ventured into the world of YouTube and other passive income sources. Their objective is to offer transparency and inspire others to explore the world of content creation.
Breakdown of Active and Passive Income Sources
The creator earns income from both active sources (such as their job as a doctor) and passive sources (YouTube, Skillshare, and affiliate programs). It is important to note that all income mentioned in this article is before tax and deductions.
Income from YouTube Adsense Revenue
YouTube Adsense revenue is one of the main sources of passive income for the creator. For every ad watched on their videos, they receive a small payment from YouTube. On Monday, the creator earned £95.66 from Adsense revenue, attributing it to their 97,723 views. The potential for income from Adsense is directly related to the number of views a video receives.
Income from Skillshare Royalties
The creator also generates passive income through their online classes on Skillshare. Skillshare is an online learning platform where teachers earn royalties for premium watch time. The Creator’s class on video editing in Final Cut Pro has been a consistent source of income, earning them $169.73 on Monday alone. This income is generated from the minutes watched by Skillshare premium members.
Income from Affiliate Partnerships
Affiliate partnerships play a significant role in the creator’s passive income. By promoting products and services and using special referral links, the creator earns a commission for every successful referral. On Monday, they earned $123.43 from partnerships with companies like Epidemic Sound (providing royalty-free music) and the Paperlike screen protector for iPad.
Inspiring Others and Offering Online Courses
The creator’s main objective is to inspire others and provide valuable resources for aspiring content creators. They offer online courses and share their knowledge and experiences to help others succeed. By creating and sharing content, they have established themselves as a trusted source in the online community.
Daily Breakdown of Income for a Week
During the week of analysis, the creator earned a total income of $941. This consisted of $311.48 in active income (from their job as a doctor) and $630.33 in passive income. The daily breakdown of income showcased the potential for financial independence through various revenue streams.
Comparison of UK and US Doctor’s Income
It is crucial to note that UK doctors earn significantly less than their American counterparts. While UK consultants start at around $100,000, the average US doctor’s income is $400,000. This comparison highlights the financial challenges faced by doctors in the UK.
Difficulty in Making Money as a Doctor in the UK
Despite the National Health Service being a state-run healthcare system, UK doctors still struggle to make a substantial amount of money. The creator raises awareness about the difficulties they face and encourages exploration of alternative income sources.
Comparison of Doctor’s Income with Average UK Salary
The creator also compares their income to the average UK salary, which is approximately $26,000. Even though doctors may face challenges in increasing their income, their earnings still remain considerably higher than the average person in the UK.
Experiences with Various Income Sources
The creator discusses their experiences with different sources of income, ranging from their day job as a doctor to their passive income from YouTube, Skillshare, and affiliate programs. They share insights into the potential financial rewards and challenges associated with each income source.
Earnings from Sponsored Videos
The creator mentions the potential income from sponsored videos but does not provide specific earnings for this category. Sponsored videos involve collaborations with companies or brands, where creators promote products or services in exchange for payment. This is considered an active income source.
Importance of Learning Coding and Recommending Online Courses
Having diversified sources of income is a crucial aspect of financial independence, and the creator emphasizes the significance of learning coding skills. They recommend online courses, such as those offered on Brilliant, for those interested in pursuing passive income entrepreneurship.
Earnings from YouTube Adsense
The creator earned a total of £95.66 from YouTube Adsense revenue on Monday, based on their daily views. They highlight the potential for income from Adsense, which is directly correlated to the number of views a video receives.
Potential for Income from YouTube Content Creation
Creating content on YouTube has the potential to generate a substantial income through various revenue streams, including Adsense, sponsored videos, and affiliate partnerships. The creator’s experiences serve as an inspiration for those considering starting their own YouTube channels.
Potential for Passive Income through Selling Educational Materials
The creator discusses the potential for passive income through selling educational materials online, such as e-books and online courses. By leveraging their expertise and knowledge, content creators can create additional sources of income.
Earnings from Skillshare and Benefits of Teaching on the Platform
Skillshare offers content creators the opportunity to earn royalties from premium watch time. The creator shares their earnings of $169.73 on Monday from their online class on video editing. Teaching on platforms like Skillshare allows creators to reach a wide audience and generate passive income.
Affiliate Income and Earning Money through Recommendations
Affiliate income plays a significant role in the creator’s passive income. By recommending products and services through their content, they earn a commission from successful referrals. The creator earned $123.43 on Monday from various affiliate partnerships.
Overview of Active and Passive Income Totals for a Week
During the week analyzed, the creator’s total income was $941, consisting of $311.48 in active income and $630.33 in passive income. This breakdown highlights the potential for financial independence through diverse income streams and the importance of building passive income sources.
Conclusion
In conclusion, starting your own YouTube channel and exploring the world of content creation has the potential to generate both active and passive income. By learning from the experiences of a doctor and YouTuber, you can gain valuable insights into income streams and inspire others to pursue their own financial independence. Remember, success in this arena requires dedication, creativity, and a willingness to embrace new opportunities. So why not take that first step and start your own YouTube channel today?