Thanks for the transparency, it’s nice to finally see someone talking about net profit and not just gross income 👏
@karlbodmer43687 ай бұрын
That's honestly amazing achievement, and thanks for providing your insight. Getting that first paycheck from KZbin is one of my favorite memories. I still remember it, there was lots of emotions involved. If it wasn't for my consistency and hard work (and a little bit of Famester of course), I probably wouldn't have made anything.
@profitlovers42488 ай бұрын
Katie! You have just explained profit breakdown AND taxes better than 99% of the accountants I have dealt with (there have been many...) over my career. The business owners I have worked with are so overwhelmed and confused by their numbers (often because of said accountants), so huge kudos to you for being so confident with financials. For me, when I look at a business owners future success, knowing this information at the level you do = long term success in any business.
@Hell_Raezer8 ай бұрын
These are the type of creators that I’ll always want to support. Humble, intelligent and grateful. Thank you Katie for your tips and transparency, you are helping TONS of us out there 💗💗
@thispapercloud4 ай бұрын
So comprehensive! Really appreciate this. A lot of people don't talk about expenses and taxes and they are sooo important. Part-time vanlife is my dream too. :D
@miniscenesgb8 ай бұрын
Love how open you are about this - it's proper view of creator income. Also that you are so very grounded and taking such a sustainable view. Smart lady Katie
@Irina-Sunday8 ай бұрын
This is the first piece of your content I've ever seen and I'm totally awestruck by your honesty, intelligence and prudence. Not to mention the clarity with which you presented the information. I have no plans to be a content creator but this video (especially the end) should be viewed by EVERY young person today. The wisdom and the gratitude - secret sauce for life. I don't need to wish you success because your values and mindset has got that covered no matter which way the wind blows. Love from your Commonwealth cousin 🇦🇺
@AdamCMoreno8 ай бұрын
This transparency is huge. Love this so much!
@pleasebeseatedfortakeoff7 ай бұрын
Thank you Katie! I’m happy to see you explaining this, as so many people think we entrepreneurs and content creators make sooo much money out of “nothing” and it is, as you said, because we often talk about revenue only. When I started my business 24 years ago I made 78k€ but paid for myself 12k€ a year. So many people were thinking I was so wealthy and I could barely make my ends meet. It’s so important to explain transparently what is the truth.
@ski87998 ай бұрын
I make $0 and yet I create content pretty regularly, I don't even care anymore as I realized that this chasing profits obsession was forcing creativity and that made it more like a real job. I just want to have fun with content creation, that is more valuable to me than anything else. In my older age, I find more value in relaxation and fun than I do in turning a profit. I got off of the treadmill...
@hankeriesydney7 ай бұрын
Same here. Creation more to help busy ppl to cook and bake is my mission!!!
@mellinsomnia17 ай бұрын
I have the same story. I stopped making videos regularly but I do know I should continue.
@blackqweenmars7 ай бұрын
As someone who recently got monetized that’s a great approach. People can tell if you’re in it for the money and you’re making stuff just so that you can get views. People generally don’t like desperation like to watch they like to watch. I got monetized from a few videos, taking off and getting thousands of views. The algorithm will do its job and you do yours.
@ski87997 ай бұрын
@@blackqweenmars thanks for the feedback, best of luck to you!
@blackqweenmars7 ай бұрын
@@ski8799 you too
@ChantelleArts8 ай бұрын
I completely resonate with what you said at the end there! just bought a 400 square ft house with a 2012 car and trying to travel as cheap as I can so I can go as often as possible. Huge respect for you choosing to live this way too, whenever I try to explain this to people a lot don't understand ❤
@TMReese7 ай бұрын
As I’m considering the potential for starting a business, this is hugely valuable. Thank you for your transparency and breaking everything down; I learned a lot!
@malayka21758 ай бұрын
I always value your transparency. I have no plans on being on social media full-time, but this was definitely inspirational for me as I'm currently self-employed as a copywriter! ❤ Sending love from Jamaica
@davehaworthphoto7 ай бұрын
Whoa. My respect for you has only grown from this video. Level headed and financially sound. Wish you the best in future success.
@renorowhome8 ай бұрын
Super smart strategy and great to hear someone online share how they are living below their means and planning for the future! Awesome job!!!
@VictoriaGetsVocal8 ай бұрын
Spot on Katie. Living below your means is a fantastic way to go. Great video. ❤
@createwithcoley8 ай бұрын
Love your transparency and the fact that you HAVEN'T changed when your income did. This is soooo amazing. So many creators in your niche change when they get more $$$$ and I love that you keep it simple and it's so relatable!
@littlecraftnest6 ай бұрын
Thank you! So helpful as an Ontario 🇨🇦 content creator.
@chloeandludvig8 ай бұрын
Super helpful video Katie! Thanks so much for taking the time to make this!
@JulieEbersole8 ай бұрын
That was awesome! Thank you for sharing! I don’t think I want to be a creator “full time” because I’m nearing retirement age but it is still so cool to see the reality of all that goes into it. I truly appreciate your honesty and transparency. 👍🏼 And think you’ve accomplished a LOT! 👏🏼👏🏼👏🏼
@CareerexcellencewithMadhurima7 ай бұрын
Great video, thanks for breaking these numbers up for us. It was really helpful, realistic and transparent.
@TheRealCoachNicole3 ай бұрын
This is GOLD, thank you! This makes so much sense and no one is talking about this.
@morganeua7 ай бұрын
Such great info, and PLEASE do a meet up in Kitchener!!! I would love that!
@millwoodthomas52207 ай бұрын
If only government was this transparent. Thanks for the break-down so so helpful.
@sshmalonez99868 ай бұрын
Great video! Many business owners use their business account for frivilous personal things and then struggle making payroll. I love your smart tactical approach to keeping your business fluid and stable. Well done!
@janaskobic37486 ай бұрын
I loved this video, your transparency and the realness!
@letstalklb3 ай бұрын
Found your account one video earlier, and I’ve been binge watching your videos. I love your transparency, but also I love how careful you are with your money. I am very considerate about where and how I spend my money, and that’s because I didn’t grow up with money. I kept nodding my head “yes” every minute because I kept agreeing with you! Keep it up!!
@DrAlexaGraves7 ай бұрын
Thank you for being so transparent. I thoroughly enjoy your content.
@EricaRayLanguage8 ай бұрын
What a fantastic video on so many levels!! Thank you for this clear and transparent content. Looking forward to following you for more! ☺️
@MiissSimone3 ай бұрын
As new creator and as a Canadian this very helpful thank you so much , great things to have in your back pocket
@J4rming8 ай бұрын
Katie I’m loving your more recent videos, you can just see how you’ve leveled up and your mindset around KZbin is so relatable and “normal”. Thankyou for being so open!
@martyquinn_67848 ай бұрын
Thank soo mcuh for this video❤ it was soo interesting to see the process from profit to the money that you actually take home and the end of the year. It's also refreshing seeing some saying "i have more than enough", i don't need more money to be happy. Also quick note: i really enjoy the change of camera angle and background. It really kept myself focus on what you were saying😊
@the_motherowl8 ай бұрын
Super nice to see people who are grateful to what they have like you do. That is also so important to not to fall into the "high expectations" trap.
@NamesWithSteph7 ай бұрын
I love this transparency and realness!! Thank you for these tips ❤
@LeslieNicole6 ай бұрын
This was incredibly eye-opening to me! On many levels. 1st, it blew me away how much of your revenue was with Brand deals and the digital product was fairly low. 2nd, it really showed me I need to do an LLC with my business. 3rd. The money smarts and your self-control to pay yourself modestly with a view to the future. Really appreciate this. This transparency really puts it into perspective what ~ 500,000 means in real terms. We imagine KZbinrs making this revenue to be living the high life because we don’t get the full picture of what that money means.
@kathleenkulman78414 ай бұрын
Katie!! thanks for this video!! It held so much to see it all broken down. Your grounded energy is so appreciated.
@HeidiSinnett8 ай бұрын
This was so great. I recently stopped following a content creator because of her wild spending habits and disconnect with how many people actually live. Your content is relatable and open and I appreciate that so much. ❤
@sarahconard58948 ай бұрын
I'm SO thankful you covered the whole stream of finances! NO ONE does that and it's SO refreshing as someone who is working on building her own business.
@hey.jessmckenzie8 ай бұрын
This is my favorite video to date. Thank you for being so transparent, and being so sensible and forward thinking -it's a breath of fresh air to see in today's world ❤
@scribble_with_me7 ай бұрын
Your humility is inspiring. ❤
@Rootscogoogleads7 ай бұрын
This is so great Katie!! 👏🏼 Thank you for sharing and I think SOOOOO many people need to hear the wisdom of your mindset and not making money then spending every penny
@DrSarahsCafe7 ай бұрын
Girl, thank you!! Your approach to this kind of video is so much more helpful than people just speaking about revenue streams. The last part about planning for the long term was especially valuable.
@asiyamiart5 ай бұрын
I admire your transparency! I've been thinking about making a breakdown video for my business, and months later, I'm still thinking... but you've just helped me get one big step closer. Good luck with your business!
@PabloMuslera7 ай бұрын
Good on you, what a grounded approach you have to life. All the best with the business!
@happyhoundsdogtraining8 ай бұрын
Hi from a fellow Canadian 👋This was so helpful, thanks! The numbers were fascinating, but the mindset behind WHY you choose to only pay yourself a certain amount was particularly helpful 😊
@wallflowersplaybook7 ай бұрын
This video made me want to subscribe. Your honesty and kindness throughout the video is relatable and very helpful. Thank you
@NaomiArnoldAuthor3 ай бұрын
This was so helpful and insightful, thank you very much for sharing openly.
@cameron_mccool6 ай бұрын
Incredibly transparent and helpful, thank you. (Also, side note: I've never seen someone write the letter "S" like that!)
@MaddieEye-n2h6 ай бұрын
I love how realistic and grounded this is
@daniellegirnus96238 ай бұрын
I know I'm not your mother, but I'm very proud of you! Go get em!
@blackqweenmars7 ай бұрын
You don’t need to be someone’s mother to be proud of them
@privvvvvv7 ай бұрын
you have no idea how helpful this is. seriously
@Athandatu7 ай бұрын
I loved this. It’s refreshing to see someone provide real info that includes the not-so-fun, yet, unavoidably truths of expenses and taxes.
@Toekneeann6 ай бұрын
Wow I just found you today but I think I already love you. Thanks for sharing!! It’s so impressive the way you manage your money! 👏🏼
@IsabellaDemarko7 ай бұрын
such a good video and sensible approach, thank you for sharing
@FarmhouseKitchen-l1t6 ай бұрын
Well done Katie 🤗 You are amazing 💪 👩🌾
@DinaLu7 ай бұрын
Amazing video, Katie! I'm Canadian so I understood your blurb😅 thanks for sharing, love that you were so transparent!!
@GoodFoodBetterSkin4 ай бұрын
Thank you Katie. Really appreciate your honesty. I'm just starting out on my youtube journey and your insights are so so valuable.
@SideHustleInspiration7 ай бұрын
This video is an absolute gem for anyone starting their freelance journey with no experience! 🙌 The tips on building a portfolio from scratch and finding your first clients are pure gold. Networking advice is spot on - leveraging your existing network and joining online communities can make such a difference. Thanks for sharing such practical and encouraging advice.
@kimposed8 ай бұрын
Thank you so much for your transparency here! No one else talks about net profit in this way - Business income does not equal to take-home pay.
@LisaForexx7 ай бұрын
Love this video and how humble you are, and treat your team well
@b.l.wilson97247 ай бұрын
New subscriber 😊 Being successful in this way frightens me. I love your content and visual aids. You speak clearly and slowly. I love your plan and forward thinking. Cheers to your success and may you double your business profits this year. 😊❤
@tsm79647 ай бұрын
Considering all these expenses, it's amazing you survived before you had all those brand deals. I am so happy you're able to make a living as a creator. Good for you!
@Mariah.S.Robles8 ай бұрын
Thank you so much for your transparency. Lifestyle creep is REAL! And it's hard to not want the flashy house or car. Life can happen at any moment. And while we don't want to live in that mentality, it's so important to be wise + thinking ahead! Thank you for sharing your honest thoughts about the longevity of this career. It's so new that it's hard to tell how sustainable it is. Which is an important lesson for many of us to learn.
@sorelles_world6 ай бұрын
👏👏 you’re an inspiration! And so financially responsible. So helpful you sharing this thank you! 😊
@mundotogether4 ай бұрын
This is amazing, thanks for sharing! 😍
@JewelPressedRecord7 ай бұрын
I appreciate your transparency here and the messaging around leaving within or under your means, great video Katie. Thank you!
@tamraburbank28036 ай бұрын
I really appreciate the breakdown and transparency of the money side of things. It puts clarity on the financial expectations for new KZbinrs like me, which helps me keep realistic goals. Thank you so much!
@whothetechknows6 ай бұрын
Wow! This is one of the best videos I've actually seen about this. Thank you for posting it. I'm playing in the space but I never really dedicated myself. Partially because my real-time job is as a producer for commercials and that can take up a lot of time and then I lose motivation after a large shoot. But thank you for posting. I'm looking forward to seeing more from you
@Mayurijaini6 ай бұрын
I've been watching you for years on and off and never subscribed until now. This video gave me so many ideas on how to scale my own business as a content creator so thank you for that! Sending love xx
@InvestWithSensei8 ай бұрын
Wow what a great video and inside information, Thank you!
@JaymieDylan7 ай бұрын
Thank you for being so transparent. I thought I'd listen to this episode in the background, but was totally drawn in from beginning to end. You shared such useful information, and as a Canadian, I appreciate your take on taxes and investments.
@guelphmortgagebroker6 ай бұрын
You nailed it. Forming a Corp doesn't necessarily save as there are additional costs and headaches, but it allows one to postpone income for down the road. You can also use Net Income After Tax from your biz financials to qualify for more financing. A sole proprietor generally writes their income down to to the floor, and thus most often times needs alternative financing. Great video and breakdown!
@JackieDElia8 ай бұрын
You did an awesome job explaining this.
@ohizkimmie8 ай бұрын
You are so incredibly smart and responsible! Such an inspiration 💚💚💚
@miquelcarrellopis6 ай бұрын
Great video, thanks so much for being so transparent
@DoggyU8 ай бұрын
Yessssssss. Love this! I'm also walking down the path to FI. Live well below your means, use the money you do spend towards travel
@guitarwalljams8 ай бұрын
Man this video is so good with so much value and insight. Thank you Katie!
@candorproductionco7 ай бұрын
Absolutely love the transparency here!! One of the best videos on this topic that I’ve seen
@KLRSnider6 ай бұрын
I really enjoy your videos and your personality! I recently bought and live in a 30' travel trailer. I love it! Your van is beautiful.
@catgandini8 ай бұрын
SO helpful Katie, and such great financial advice to not get swept up in lifestyle creep
@BlossomandRise6 ай бұрын
Yes the breakdown on taxes is HUGE! I keep a lot of my money within my business accounts for the same reason you spoke about. You are so top tier Katie.😉
@kjoy22156 ай бұрын
Love, love, love this video! You are an inspiration and so fun to listen to and follow through your journey. I'm so glad I found your channel. Thank you!
@Nnek188 ай бұрын
This was a great video. Thanks for being so open and honest. It’s really helpful 💗
@katinasnapp35727 ай бұрын
You are so awesome Katie! Thank you for being so transparent about your business.
@HeartandHomeCrew8 ай бұрын
Thank you for the transparency and honesty! It really helps other creators to understand the business side and I appreciate the wisdom of living below at the end!
@hulancoach7 ай бұрын
This was fantastic, thank you for your transparency and explanation
@marclederman62067 ай бұрын
Excellent video. Thank you. AND, your life/work sounds AHHMAZING!!!! Keep up the great work!
@MCKNZ7 ай бұрын
Love how you did this. Engaging but educational
@ddames6 ай бұрын
This was such a great break down 🙏🏾
@TheMedicineCouch7 ай бұрын
Love this and how you think about your business. Very healthy!
@_msmagic7 ай бұрын
I absolutely loved this video! Thank you for the transparency. I am almost a year and a half into my Kids KZbin channel. I'm about a year into making money. Your channel is extremely informative for someone like me who knows absolutely nobody that is also a KZbinr making money. ❤️
@user-nlvmruu8 ай бұрын
Thank you for your transparency! I really appreciate your candor. I wanted to say though that no one ever talks about taxes!! for someone who has 10k subs on my other account, i always get emails asking to gift me stuff but for no pay but they want a video.. i suppose its worth incurring the gifting tax if its something cool like a pelaton but where is the logistical line? i wish more creators would talk about the tax implications (no matter the state or country) of receiving gifts with instructions or just straight PR over $25 and what they recommend. Thanks again.
@shancarballo6 ай бұрын
Sound level headed advice for life and business 🙌🏾🙌🏾🙏🏾
@MommyTriciaLim8 ай бұрын
Hi Katie!! SUPERB VIDEO! As a teacher, I commend your paper charts and visuals. Thanks for bringing me back to reality and reminding me to stop spending! I have been spending a lot lately not towards my journey but other things. I will make sure to slowly build my business same as your mindset and to think about my future and my kids. God bless you always!
@designmorsels8 ай бұрын
Love this real perspective. Most KZbinrs talk just about the top line
@wanderingintentionally7 ай бұрын
This is one of the best videos that I've seen that realistically gives as breakdown of responsibilities. Thank you.
@elizasmys7 ай бұрын
this was an absolutely incredible video: you explained everything so clearly and gave me such a better understanding of it all!!!
@InspoAlley8 ай бұрын
Thank you for being real! This is true value-add and great content!
@stashhappens7 ай бұрын
Thank you for keeping it real, it certainly got me to hit the Subscribe button.
@amie_wiley7 ай бұрын
This is such a great video Katie, so engaging! Well done 🥰