My 12 Sources of Income! ($296,000/Month)

hey my name is Charlie and in this video I'm going over my 12 sources of income so I recently turned 32 and my 20s were a pretty big roller coaster I graduated UCLA in 2014 parents wanted me to be a doctor so I applied to a bunch of Med schools got rejected by all of them tried becoming an EMT for $11 per hour but basically got rejected by every company I talked to and yeah needless to say my parents were super worried but yeah the last 5 years were absolutely crazy I pretty much completely trans

form my life and it really just shows you what's possible in a relatively short amount of time I've had so many failures but also a lot of great lessons along the way and I really hope that this video can inspire you to go out there and do your own thing and make money in multiple non-traditional ways I didn't make a similar video about 2 years ago that video blew up so I sort of wanted to remake it and show you guys how I make money today so essentially for every income stream I'm going to go

over what I actually do how I started how much I roughly make as well as my tips if you want to do something similar and yes the title is correct I make about $10,000 per day from these income sources but I don't want you guys to compare yourself to me because everyone is on a different part of their own journey I really hope you get a ton of value from this video so let's get started okay the first income source is pair recruiting which is my overseas Staffing Company I started this over a year ago

with my business partner Jeff and essentially what we do is we help business owners and companies find overseas talent in countries like Indonesia Mexico Argent Ina Brazil the list goes on for each successful hire we place we take a placement fee and that's essentially how the business makes money now Jeff and I have both been using overseas talent for a while so this is essentially how it started we realized this is such a great thing for business owners but we want to solve a problem because finding great overseas Talent is Pretty Tough luckily we had

a ton of experience and we basically used that and yeah started our own service-based business if you are thinking about getting into entrepreneurship I highly recommend doing a service-based business business just like this we spent about $2,000 to start up the business even though we really did not need any money since we did everything ourselves at the start so yeah a lot of these service based businesses they don't cost anything to start maybe a couple hundred you definitely will be spending a good amount of your own time this is a multiple six figure company but

I don't take any pay however we are building equity and that's something that I'm super excited about if you want to do something similar it does not have to be Staffing it can literally be any high value service and I just recommend pick a skill start doing it for clients start charging them and build a business like that that is a great start to get into entrepreneurship okay my second source of income is affiliate marketing affiliate marketing is basically when other people use your links to buy a product or service and you make a small

commission from that sale So currently I have a bunch of different YouTube channels I do affiliate marketing on all of them and essentially what we do is we create content that is helpful in some specific Niche and we place links in the description that people can use if they want to support our business so you can sort of think of it as providing some type of value by creating content and in return your audience will use your links and you'll get a small commission I got started with affiliate marketing because as a YouTuber I was

looking for ways to monetize my business and while there are other ways to monetize content I do think that affiliate marketing is the best way the great thing is that you don't actually need to have an audience yes it is going to be harder but you can make a Blog you can start an Instagram or YouTube from scratch and grow it or there's even ways to use paid media to get eyeballs on on your content if you actually want to learn affiliate marketing I have a ton of videos about it on my channel they're all

free also have a free affiliate marketing course and yeah if you guys want to check that out I'll have that down below I'd say affiliate marketing makes me at least $100 to $200,000 per month so this is definitely one of my biggest income sources there are many different platforms you can use to get started with affiliate marketing impact radius share sale there are tons and tons of affiliate programs that you can sign up for on those platforms you probably want a website as well as well as starting to build some social media Pages this is

a great way to make money but it does take some time and I know a lot of people that are absolutely crushing it with affiliate marketing my biggest tip though is just to make really good Niche content okay so my third income source is my RV Sprinter van I purchased the Sprinter RV with the sole purpose of creating content with it as well as renting it out so currently it's rented out on websites like outdoorsy we're currently charging about $350 per day and it's actually been doing quite well we recently had a one Monon long

rental and after the platform fees I think we took home about $7,000 my dad is also going to be starting an educational YouTube channel centered around Sprinter vans like this so that is another way that we are going to monetize it i' say that this is not for everyone because having a sprinter RV takes a lot of Maintenance and every time you rent the car out there's a pretty big learning curve for the wrenchers so there is quite a bit of Manpower involved that's why I'd say for most people this is probably not worth doing

but so far for us it has been doing pretty well so my fourth source of income is YouTube AdSense and when people actually watch my videos there's going to be a good chance that there's an ad before or during the video of the revenue that that brings in YouTube takes a 45% cut and gives 55% to the Creator so every month I get maybe 20 to $35,000 in AdSense Revenue it can really vary quite wildly and that's just really dependent on how many views I get that month the type of content you make is also

extremely important so there are some very high paying niches where you can get maybe $2 to $100 per th000 views whereas many other niches like gaming those might get $1 to $3 per thousand views since most of my content is educational content in the finance and business niches these AdSense rates are quite a bit higher so that's sort of how I'm able to pull in that much money without having too many views my fifth source of income is from short form media so I do have a Tik Tok page as well as an Instagram and

on those pages we post a lot of short form content most of this content is just repurposed content from my long videos on YouTube so we have a whole system built out where we take that long content chop it up into memorable pieces and then post that on Tik Tok and Instagram in return these platforms do pay me although I will say that it is very very small compared to everything else we probably make about $500 per month in total from all the short form media and at the same time I'm spending a lot more

money creating the content so technically you could say that I'm losing money with shortform but it does help build the overall personal brand I started Tik Tok in 2019 when it was just getting popular that's how I started building my personal brand which you know sort of evolved into doing YouTube I'll say that even though it is harder now anyone can get started you have a phone you can use that phone to create engaging content and there's so many different ways of becoming successful with short form social media so the sixth way that I'm able

to make money is from Brand deals and sponsorships so if you are an avid YouTube Watcher you probably have seen content where the Creator talks about some type of brand or company in the middle of their video This is called an integration and usually they're between 45 to 90 seconds long and companies will pay creators like me a flat rate as well as maybe a performance or affiliate bonus depending on how many conversions the integration gets I did my first brand deal in 2020 when I had a small YouTube channel I think I had maybe

25 to 50,000 subscribers so significantly smaller than where I am now but I was still able to pull in a few hundred today my rate for an integration is usually between $10 to $20,000 and then brands also have have the option of paying additional money to use the content for paid media so ads and things like that I actually don't do that many brand deals in sponsorships anymore but this did used to be a pretty significant portion of my income right now I'll say we probably do between 1 to four per month so yeah we're

likely bringing maybe 10 to 40 30k per month from Brand deals and sponsorships if you want to do something similar you will have to have an audience you'll likely want to do Outreach as well pitching yourself and your content to these brands or even working with an agency that goes out there and finds deals for you they will usually take a 15 to 20% cut but I find that that is extremely worth it because you likely would not have gotten that deal without that agency income Source number seven is core sales to be honest I

don't do that many course deals anymore it's actually very close to zero but in the past I did have a YouTube course as well as a personal branding course right now all of my courses are free but they do bring in some income with affiliate marketing my first course was was my YouTube course which I launched in 2020 I think overall that made about $100,000 in revenue and then after that I launched my personal branding course I don't know exactly how much that made but it was significantly less than my YouTube course yes courses do

get a bad rep especially with all these gurus nowadays but if you look closely there are lots of really good courses out there and yes you likely can find the information for free somewhere else likely in YouTube videos like this or the videos I make but there's a lot of value in the Community as well as the accountability so yes I personally do invest in courses myself I just bought like a $45,000 course few weeks ago and if you want to start something similar I think it is a great business to start especially if you

have something to teach and trust me most of you guys watching this video likely have some type of skill or thing you can teach in a course the overhead is very very low right it's a digital product that you make one time and beyond that there's not really any fixed cost there's no inventory every copy you sell does not cost you any more money to produce and so that's why this is such a good high margin business and that's why a lot of people love selling courses right now I probably make under ,000 per month

for my courses but we are currently producing some new courses that I am very excited to launch income Source number eight is Consulting Consulting is also something that I don't do that much of I did a lot of it in the last year but recently I just have not really been pushing out my Consulting usually I will consult with other entrepreneurs or businesses offer my advice on how they can scale and grow and my usual rate is between $500 to $1,000 per hour I started doing this because I definitely sensed a need where people were

coming to me with questions they wanted to book an hour of my time to talk and so I started offering this about 3 or 4 years ago I also have a Consulting package where I work out with the client so yes we go to the gym we hit the sauna we grab a bite to eat after and those are always fun but I haven't been pushing that out since it is quite energy intensive today I like to stay a little bit more lowkey I don't really like to you know trade my time for money and

so I probably make under $10 $20,000 per year from Consulting if you want to get started Consulting yourself you're likely going to have to build some type of personal brand that way people know that you are really good at something and that's going to make them want to actually pay for your time this is of course another high margin business because it doesn't cost me any money to hop on a zoom call with someone but I am trading my time for money so that's sort of the shortcoming of Consulting okay my next income source is

my stock and crypto portfolio I've been investing in stocks for about 10 years years and I've been investing in crypto since I think 2016 2017 now I'm not an active day trader I do not believe in that rather I like to buy stocks in crypto and hold on to it for a long time I'm also not the biggest fan of buying individual companies unless you're belief in that company is absolutely massive then yes you can buy individual companies but for most people I think just investing in the overall Market is the best way to do

it you'll buy an Index Fund mutual fund ETF something that tracks let's say the S&P 500 and just just hold that for as long as you can historically this has performed extremely well most people cannot beat the market so my way of thinking is I just want to buy something forget about it let it be passive and focus my energy on building my active businesses I don't think investing is always meant to be active because yeah that can take up a lot of mental space now since I'm not day trading I'm not taking profits so

there's no like additional money coming into my bank account rather I'm building my net worth through that stock Equity or crypto Equity as the values rise which they do historically then on paper I am making money of course this also means that I could not make money if the market goes down so yeah there are days where I lose tens of thousands of dollars but there are also days where I likely make that much money yeah over the last 10 years of investing I have significantly increase my net worth by investing if you're watching this

video and you have not yet gotten started I highly suggest get started as soon as you can don't worry about investing that much money it's just really all about getting the ball rolling if you want to get a bunch of free stocks I'll have a link to Weeble down below and yeah they'll just give you a bunch of free stocks if you sign up for an account I encourage you guys to look up compound interest because the power of compound interest and growth it is insane if you start investing early and do so continuously there's

almost no way you will not be a millionaire in the future my 10th source of income is extremely passive it's just money that's sitting in my high yield savings account now obviously interest rates right now are extremely high usually between 4 to 5% so I have money sitting in my sof and Ally accounts earning well over 4% apy this is the most passive income Source because you literally just have money in an account and they're automatically paying you every single month now what I do with that money is I don't take it out and spend

it I just continue to leave it there to get even more interest or I'll move it to stocks or treasury bills now if you have money that's sitting in a normal bank account like Chase or Bank of America or Wells Fargo they're likely paying you like 0.01% or something crazy like that you absolutely need to get an online high yield savings account because that's literally just free money that you do zero work for I think Sofi is giving you guys a couple hundred if you set up an account using my link so I'll also have

that down below yes this is an affiliate link so if you guys do use it I will get a small commission income Source number 11 is treasury bills t- bills I actually have a significant amount of money I think around a million dollar or more in t- bills and as of right now the rate is about 5.4 5.5% I started investing in treasury bills once the rates really jumped and I buy all my treasury bills on Vanguard it is extremely easy to do and I like just knowing that I'm getting that straight 5 something per

with no state income taxes which is really great all you do is pay the federal taxes if you want to buy treasure bills it's very easy you just need to have a brokerage account the two main platforms I use are Vanguard and Weeble but for most people I think that Vanguard is the best especially if you want to buy bonds and treasury bills like this for me every month I make between five to I'd say7 or $8,000 in my treasury bills so that's been a really nice supplement to my so income Source number 12 is

rental income and Equity from my investment property so yeah my real estate portfolio it's looking a bit sad it's only one property as of right now I've been telling myself for years to start investing in real estate I just haven't done it yet I don't know why but currently we have a rental that's located in West LA this is a property that my sister and I purchased in 2017 we did a full renovation spent about $42,000 we lived there for a few years and then after that it became an investment property So currently we have

two tenants they are UCLA Med students that's about $500 more per month than our mortgage and property taxes so technically it is Cash flowing but as with all real estate investing there are tons and tons of miscellaneous costs and maintenance that come up in the last year we've spent about maybe $5 to $220,000 on repairs so yeah if you do the math that basically eats into the profit for a couple years 3 years but properties like this should appreciate over time especially in an area like La however there's not that much of any cash flow

at all obviously getting into real estate is quite challenging you need to have money to put as a down payment if you want to get started I think just getting the ball rolling is pretty important look in the midwest look for cheaper properties you should be able to buy something with maybe $10 to $20,000 down payment and if you find the right deal it should Cash Flow by at least a few hundred per month you can keep doing that buy more properties package them together 1031 exchange them to a bigger property and sort of just

build your real estate Empire like that yeah for me I don't make any money from Real Estate really but I will make a significant chunk if we actually sell the property and that's just due to appreciation so yeah those are my 12 sources of income as a 32-year-old serial entrepreneur living in Southern California I hope this video inspired you I hope it made it seem real that yes you can make money in multiple non-traditional ways you don't need to go out there and get a career and you can absolutely change your life dramatically in just

a few years I used to get sort of sad seeing my friends go off into their respectable careers making high five figures or even six figures out of college and just sort of comparing themselves to me what I know now is that you cannot compare yourself especially if you want to do your own thing the start is likely going to be quite challenging I think every entrepreneur sort of goes through this dark period of their life where things haven't really started getting any traction they're really questioning themselves their selfworth is not high but if you

keep at it if you stay consistent and you truly believe that this is the life you want to live then yes it is 100% possible it is possible because I literally did it I'm not that much different than you and if I can do it you can do it as well build good habits read books always stay learning and just know that your dream life is possible I don't mean to sound cheesy or anything but I just think everyone needs to hear this multiple times before it really really clicks anyways I really hope you got

a ton of value from this video I'm not making this video to brag it is just to show you that this is possible there are tons and tons of people making this much money making way more money than me or even making $1 $20,000 per month living a great life with time Freedom it really just depends on what you want for your life and if you got any value from the video please consider giving the video a like subscribe share with a friend on this channel I do a ton of content about entrepreneurship personal finance

and investing and yeah my whole goal is to help you live a financially successful life that you are proud of thank you so much for your time and I'll see you in the next video peace [Music] a