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Emotional Investing

If an investor is to be successful he or she needs to avoid making impulsive decision driven by their emotions and instead focus on a rational approach driven by fundamental analysis. In this video, I discuss my approach to avoid making rash investment decisions or emotional investing to describe it in another way. Have you made investment mistakes in the heat of the moment? Let me know in the comments below. At this point, it is customary for me to remind you that I am not a financial adviser and this is not financial advice.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you changed how you approach investing in cryptocurrencies? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.io

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My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only. This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM .

YouTube

For those who are creative, committed and willing to work for long periods without reward, YouTube is a possible way to make additional income. You will need to be all of those and more to be successful on YouTube. By successful I mean able to generate an income from the platform. Please note that only 5% of those who have a channel and upload to it make any money from the platform, well known YouTubers Pewdiepie or KSI are the exceptions rather than the norm.

There is a common misconception about YouTubers, people assume that they make money based on the number of subscribers that they have, this is incorrect. You could have 400K subscribers and make less money than someone with only 20K subscribers. Others believe that YouTubers are paid for the number of views their videos generates. This is not true either although it is connected to how YouTubers are paid; they are paid for the views of the ads surrounding their videos, either before, during or after their videos play.

As a YouTuber, once you have amassed 1000 subscribers and 4000 watch hours, you can apply to join the YouTube Partner Program. If you are accepted, YouTube will then place ads on your YouTube channel. The more your viewers watch the ads on your channel, the more you will be paid. You will generate income via YouTube Adsense. Please click here for a full explanation from YouTube.

YouTube Adsense CPM

All YouTube channels are not equal in the minds of advertisers, they will pay more to advertise on channels that focus on some sectors or interests than others. In the video, I discuss some sectors or niches that generate a high Adsense CPM. I demonstrate these sectors by showing the channels of very popular YouTubers.

CPM stands for Cost Per Thousand using the Latin word Mille for thousand. This is the rate advertisers pay to advertise on a channel per thousand views; this CPM is split between YouTube and the YouTube channel owner. Watch the video to understand how much variety there is amongst YouTubers when it comes to their CPM rate.

Please note, in addition to Adsense, there are other ways that YouTubers can make money and these include; merchandise, patreon, live-streaming, brand deals and selling their own courses or products. I may explore these other revenue streams in a later blog post.

Next Steps

Does the idea of having a YouTube channel appeal to you? Do you have the consistency and dedication to keep making, editing and uploading new videos? Let me know in the comments section below. Also, get in touch if you would like my help to grow your channel. My email address is mike@learnmoney.io