5 Ways I Make Money
How to Make Money: My 5 Ways to Earn Income #PassiveIncome #Dividend #Working
In this video, I answer one of your most common questions, inspired by my popular yacht videos. I share how I cut costs and build income to grow wealth and gain freedom. I'm not materialistic—unbranded clothes, a 15-year-old car, and no debt. My goal is to work for 6 months and travel for 6 months, backpacking and cruising the world frugally. Join me on my journey to financial independence. Feel free to ask questions!
#PassiveIncome #Dividend #FrugalLiving #FinancialFreedom #TravelGoals #YachtLife #Investing #Minimalism
As this is more finance side of the channel I would like to say that:
I DO NOT HOLD OR OWN ANY CRYPTO, NFTs. I DO NOT ENDORSE THEM AND I WILL NEVER OWN CRYPTO. So if you see any of this type of talk in the comments, please report it as a scam. I also do not "invest" in peer-to-peer lending, trade options, or CFDs—these are fast ways to lose money. I also do not use leverage, which means taking loans out to buy stocks. I use my own money and am not endorsed by anyone. If life were easy, we would all be millionaires with six-packs :-)
Event Work
My event work provides seasonal and inconsistent pay. To manage this, I've learned how to create a stable income stream through other methods. I work as an events manager, rigger, brand ambassador, and agency worker. The pay is low and inconsistent. To subsidize the constant difference in pay, I have other income sources.
Investments in Index Funds & Dividend Stocks
I primarily invest in index funds and can explain what they are if needed. I also hold some dividend-paying shares. Feel free to ask if you want a more detailed explanation.
YouTube Monetization
I've recently been monetized on YouTube, though I create content purely as a hobby.
Amazon Affiliates
I earn money through Amazon affiliate links. When you click on a product link and make a purchase, I receive a small commission. I only recommend products I have personally bought and used, with no sponsorships from companies. Many of my videos are "how-to" guides featuring these tools and products.
E-commerce
I own a website where I sell various products. Serenity Coast
Timestamps
00:00 - My Actual Gig: #WageCage. I work for event companies doing events management, rigging, brand ambassador work, and various other tasks.
03:10 - Investments: I mainly invest in index funds but hold a few individual companies. Since owning the boat, my income has been unstable, so I try to hedge my income with dividend-paying companies.
06:19 - Monetized on YouTube: I upload content about my lifestyle and maintenance tasks, similar to "how-to" styles but with problem-solving workarounds, like car servicing and boat engine maintenance.
07:25 - Amazon Affiliate Program: I add links to tools and equipment that I find useful in the descriptions of my videos.
08:55 - E-commerce: I run a small e-commerce business and offer free documents with an option for donations from those who appreciate the help.
Socials
/ serenitycoastuk
/ serenitycoastuk
/ serenitycoastuk
Website (Free VHF Emergency distress card)
https://www.SerenityCoast.co.uk
PayPal - Thank You!
https://paypal.me/sailingserenity
Disclaimer
To aid viewers in discovering the channel, phrases like "How to" may be employed in titles or descriptions. All videos are created for entertainment purposes. I do not hold qualifications as an engineer, mechanic, or expert, nor do I make such claims. Given that my primary income stems from being an agency worker and my lifestyle, ceasing work means no income. Hence, I frequently engage in DIY projects to economize. While undertaking tasks like engine servicing, boat maintenance, and car repairs, I may film my approach, which could potentially deviate from standard practices.
Tags to Help Find My Channel
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How much does YouTube pay for 1,000 subscribers? Watch here
I recently shared my earnings as a small content creator, which can be found in the link above.