Originally Posted by DouglasFirs
My question is, even if tons of money isn't falling onto my lap this very moment. It feels, to me.... Let me rephrase that. Everything inside of me. My gut, my mind, my soul is saying "GO FOR IT, THIS IS YOUR CHANCE, SHOW EVERYONE WHAT IT CAN DO" should I do it? Should I work on this youtube project as a full-time job and try to make it grow? There are people making 6 figure salaries on youtube, it's insane.... I honestly think this idea can be right there with them but it would have to be treated as a full time job. I can't be working 9 hour days at a day job and then working evenings until 3am working on my youtube project. I was doing that every day when I was releasing stuff and it whooped my arse!
Sorry for the long rant, I know this is a Early Retirement thread but this is all money related and future related... I just don't think I could work for someone ever again. It's not my cup of tea! My talents definitely shine in other areas, specifically with this project I have been doing....
We did something similar, but we were able to live off the spouse's salary with the day job for many years and bank the other income. There are many Adsense millionaires out there:
Here is a cool book on the subject with some dated advice, but many of the general concepts are timeless - make money with many niche content and products during paradigm shifts. I think Youtube and apps are a couple of the current shifts.
The Incredible Secret Money Machine
I've made money doing different online activities for many years, going with the flow on where is there easy money and low competition, which changes every few years as new products get developed and old markets / ways of doing business get saturated.
The people that I saw go down in flames only had one kind of product that was easily duplicated, needed their highly volatile and unstable Adsense, advertising, product sales or affiliate program income to pay fixed expenses like employee salaries or their personal mortgage, lived paycheck to paycheck, lost their rankings or were kicked out of the program they were using (fairly or unfairly - it happens) or their program / game / site simply faded out of popularity and then they went broke. Many made had a ton of money and let it all slip through their fingers.
The people that didn't have savings to live off of or spousal support that succeeded often worked two jobs for a time (a day job and their online business) and only dropped the day job when they had a couple of years savings in the bank and their online income exceeded or matched the day job income.