If I started from scratch as a creator, I’d do THIS to make money

[@katie]

Still have questions about making money as a content creator? Drop them in the comments ⬇

[@veganlunchmom]

Do you have any videos on how to make a course?

[@BenStimpsonAuthor]

This is so important for any business owner. I'm a therapist and it always amazes me how many don't realize or know what they can and cannot do with taxes, nor all the rules that can provide some creative opportunities! My parents' treated their pets as corporate mascots for their midsize business and anything related to their care (including food and vet bills) was a tax right off! How many youtuber creators have pets they regularly include in their content that could be used as a corporate mascot?

[@vegantechnomad]

😭 my accountant said anything i used had to be a % of personal and % of business, can't be 100% business because i "consumed" it. like if i had a smoothie or travelled, and posted about it... only a % of that can be biz expense. is that true (in canada)

[@BenStimpsonAuthor]

​@@vegantechnomad mhm, there's definitely nuances! each country have their own small rules and loopholes. I work as a therapist in my regular, non-author life and we're allowed up here to claim a percentage of our home expenses if we have an office, but we have to justify it if we get audited. and with food it's tricky because it depends again... buying yourself lunch isn't a business expense if you're a sole propriater, but buying a client lunch (which falls under advertising) or buying your team lunch (which falls under office supplies) is a write off. If you go on a trip thats essential for work like if you go to KZbinCon2025 or something like that you could claim the expenses of travel if it's essential for your business to be there, but if you're going just to attend you can't. What you could claim though is the ticket price you pay to attend that event, so this is where like trainings and courses and paying for events you cover will be classed as a business expense. Say you do theatre content creation and attend a play or production and get to go back stage to interview some of the staff, the ticket price for you to go there would be a write off. This is true if you were a writer or journalist. This is where the food piece becomes tricky because if your primary channel was food reviews and you buy yourself a smoothie for a review about it, you can claim that smoothie or meal because if audited you can turn around and say 'this food is essential for my business as a food reviewer'... definitely a lot of nuances.

[@ValentinaRoss55]

Thanks for the tip!

[@Rupiayoutube]

I'm watching this with only 20 subs, but maybe one day I will be there who knows 🤞 Thank you for all the information!

[@angelkingbeautytv6849]

I’m a new subscriber! I’m on the road to 50 subs! 💗

[@Rupiayoutube]

@@angelkingbeautytv6849 Thank you so much 🙏

[@Dr.KayFitz]

Same! We will get there one day. @rupiayoutube 🫶🏾✨

[@kyeonwashere]

💵 First time commenter, but I am soooo glad you spoke on what's being called "passive income" is not actually passive income. That has always never really made sense to me because the process of getting that passive income was NEVER really passive. Thanks for shining a light on this misconception and bringing some clarity. Love your content!

[@katie]

thank you so much!! i feel like it's such a common topic but no one ever seems to acknowledge that passive income is actually a very active pursuit lol

[@DKWeathersevereweather]

After 10yrs I started making a little money on my platforms. I made around 10k last year I owe 500 in taxes this year so far 6k

[@prairienurse]

There is hope! 😊 Thank you 🙏 for making your comment!

[@NianLisa]

Appreciate your continued dedication to helping average folks try to build wealth and not get rekt in the process, I love your confidence so keep shrugging off the naysayers. Your experience is clear and I look forward to your pragmatic and bullish viewpoints in a world that’s increasingly easy to get caught up in the constant negativity and bearish sentiment.... Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Evelyn Infurna, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@NancyH-mi6xc]

The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.

[@jeffbox1torres]

I appreciate the professionalism and dedication of the team behind Francine's trade signal service.

[@DannielleRosales]

Evelyn goes deeper than just looking at surface-level trends. she explores technical, fundamental, and sentiment analysis, offering a comprehensive perspective on the market..

[@銀河のたろー]

The clarity and precision in Evelyn market predictions are astounding. I'm so grateful to have found her reviews here on KZbin as well.

[@JacksonLeoWtah-b2i]

You mention your advisor & that caught my attention. I'm eager to learn more and potentially seek her guidance. Could you share how I can get in touch with her???.

[@LearningandTechnology]

It’s very important to make sure you are taking all the deductions you are entitled to as well. Studio space in your home (rent/mortgage), utilities, and more. This is where some financial help is worth the investment (also tax deductible). For many starting Creators, profit takes some time to achieve if you really consider what expenses are legitimately involved in creating your content.

[@baikunthareemal]

your video is the motivation for the small KZbinrs like me. 😊Keep going

[@OurHerdOfTurtles]

Hey Katie! There is a glitch in your video at 13:18. Thanks for this video! I’m always so encouraged to keep going with my channel after I watch your videos. Blessings!

[@aysiasmiles]

Noticed it too

[@gdkarma]

💵 A helpful and informative video (as always)! I follow the 30% rule for taxes and invest the rest either back into the biz or retirement.

[@lifesalt]

I LIVED for this video. it is not talked about enough. THANK YOU

[@CassandraDreams]

more people need to talk about the behind the scenes finances for content creation! Because it seems so mysterious to me and I don't really understand how it works

[@iambrufio]

I love your content and storytelling 😊

[@LynnKN]

About time someone was calling out as it is 💵 💵. First time watching your video and I enjoyed it 😊

[@annereginajohnson]

If you're in the U.S. paying quarterly taxes works well

[@TheClutterLady]

I was gonna say the same thing.

[@BlossomandRise]

💰 I love how authentic you are Katie!

[@alfinenathalie]

Thank you for looking out for us Katie! Gonna start putting even a bit more away for taxes just to be safe 😉

[@LizDayShow]

LOVE your honesty & integrity in setting REAL expectations for creators!

[@ChantelleArts]

I am totally prepared for what to do with the money after watching your videos for AGES, now I've just gotta make some proper money haha 😂😂

[@marlettaengland1513]

Excellent information presented in an easy to understand manner. You’re awesome!!!

[@SilviaManentFinancialAdvisor]

THIS VIDEO IS A MUST FOR ALL ONLINE CREATORS!!!❤❤❤

[@AccessMentorTips]

You make such good videos. Thank you.

[@lightbulbnirvana]

Hi Katy, There;s a glitch at 13:18, fyi.

[@davidthescottishvegan]

Another awesome video Katie and yes good to cover this topic because we don't want CRS, IRS or HMRC coming after us because we're not paying taxes. Love 🥰 this video and all your videos. Love ❤ Katie. 💵

[@8randomprettysecret8]

Appreciate the insights Katie still figuring out how to sell my creativity and market it online hoping all is well these days 💡

[@MSnydes518]

This is excellent… thank you!!!

[@missmeagan8117]

Great tips 💸

[@CounselorSue]

Katie, just to let you know, I watched to the end of the video. So worth it. Great info on taxes, setting up a business. Even if we don’t think of ourselves as a business, we still have to pay taxes. I have a question. KZbin takes about 26% in taxes from my YT income. I assume I still need to put money aside for Canadian Taxes, right? So, as a KZbin creator, my income is taxed on the US side and Canada. This almost makes it seem hardly worth it. Am I right? Taxed on both ends?

[@katie]

hey Sue! thanks for watching to the end 🤗 so as a Canadian you shouldn't have KZbin withholding taxes, (I actually just learned about this last year!) you need to fill out a form within your adsense account to let them know where you're based, and because of the tax treaty that Canada has with the US, they shouldn't withhold any - take a look here! support.google.com/youtube/answer/10390801?hl=en

[@CourseCreatorsToolBox]

@@katie thanks for this info. I'm a Canadian content creator too and I didn't know either. I think this topic would make a great video for us Canadians who are getting paid by these US companies.

[@rebeccaj]

💸 Helpful and full of great information, thanks Katie 😃

[@solomoncollection]

What website platform do you recommend?

[@AmandaEnneking-h4h]

you give such good, practical advice! love, love, love! Thank you for all the excellent tips and reminders

[@novaricos]

💰

[@pedrozatravel]

Very good advice, there are lots of options for revenue and I was taught the two most certain things are death and taxes.

[@itsjoyandrea]

Such an informative and helpful video for us small creators! Thank you for sharing your knowledge ☺️

[@earnheartgold]

Would you recommend creating an LLC from the beginning, or waiting until your content creation is actually making good money? Also, would you name the LLC with your personal name (if your channels use your personal name), or some totally different business name?

[@katie]

so in Canada we don't have LLCs so I can't speak to that directly, but in Canada at least, it makes the most sense to remain a sole proprietor until you're profiting about $100k/year, then it makes sense to register your business as a corporation (similar to LLC) but I don't know if that's the case in the US!

[@ScottRadkeMusic]

Get a tax account/attorney….. relatively inexpensive & completely worth it- especially when setting up & structuring your business 🙌🏽 This video is “informative” in an “overview” sort of way….. but by no means anything you should use as a instruction manual for setting up a business in the United States and/or IRS tax specifics. Lots of good concepts & “food for thought” here….. which I believe was the intention of the creator 😊

[@TheRealCoachNicole]

Cannot stress enough how important it is to save for taxes!!! Yowza. Pay quarterly if you’re supposed to/eligible.

[@scofieldfarm]

I totally think this is helpful. Do you have a good place to point someone who wants to set up a coaching program? I think that would fit well with what I do.

[@rachelwilson203]

Thank you for sharing! I love your videos like this and can't wait for more!

[@mathapeloleboko]

This video was so informative for small creators like ❤

[@katie]

So glad to hear that 🤗

[@craighnadun3795]

Thank you not only for the excellent information, but for speaking slowly and clearly while doing so! Many people speak so quickly in order to cram their content into short videos. While changing the playback speed in settings does work, it distorts the sound.

[@hannahreid6395]

So when should I move from a sole proprietor to a corp?

[@zacharymichaelz]

Thank you SO much for making this video! It's helping me SO much! ✨🌹✨

[@AngieLove5555]

Thank you! This was informative and helpful!

[@beingilluminous]

I always appreciate how you bring the "magical thinking" of how this all works and really ground it. I remember working for small businesses, decades ago, surprised about the quarterly taxes and such. I was lucky to have a couple of mentors guide me in the ways of running an LLC during that time as well. I was wondering if you were going to suggest the straight "take 30% and set aside for taxes"-because that really helps focus on "investing in the company and the infrastructure" perspective. I didn't realize it would be 30% on the profit-just something that makes a big difference, rather than 30% off of the revenue-which can feel daunting. Thank you for your topics and wishing to see others to succeed!

[@obession3able]

Great video!!!💰💰💰💰

[@IlseMulAuthor]

Thank you for being so open about how you go about with your income. I haven't quite started making money, but what I AM going to do is set up an excel sheet/workbook in which I track all my expenses and incomes (from the future income streams) and have it automatically calculate what is for taxes (set that aside of course), what is "free profit"(for small companies here in the Netherlands we can deducted a part of our net profit BEFORE taxes) and all of that. I hope that will give me enough insight and thus make it possible for me to pay everything I need to pay :) I WILL let an accountant check the set up to make sure I don't get into issues 😁 I hope in the future it can help me live my life as a full time author 😃

[@karimgomez6933]

Thank you for being so honest about it. That was a question I had. I am self employed and my taxes are same as LLC - 30%. Watching so many KZbin videos and people making millions. How much do they pay on taxes?

[@Emmasveelog]

Thank you for this ❤

[@yasheikaturner]

Thank you so much for breaking this down, I am a Canadian myself, very helpful.

[@katie]

I'm so glad it was helpful!

[@seanhenriques808]

some good stuff here. really appreciate you sharing the wisdom for us newbie creators! I really appreciate (as an MBA) the importance of having basic financial literacy when running a business. You are saving so many people's bacon with this one video. Well done!

[@BellasBigAdventures]

💵 Great to hear a sensible approach to finances and those dreaded taxes. Keep up the great work.

[@katie]

thanks Bella!

[@hannahreid6395]

Thank you!

[@jupitersplans]

this is SO helpful!! thank you!!

[@aaotavares]

💸💸💸 another great one! Thanks Katie

[@tnmahady]

💰 So helpful as I contemplate moving into this world as a supplemental side gig. You know your stuff and you are definitely my go-to out of ALLLLLL the people out there making this kind of content. Your authenticity, groundedness and honesty are refreshing.

[@davburrows]

Great information! Thx for creating and sharing! ❤❤

[@Rach-Cooking]

I’m 3+ years on KZbin and have not reached 1k subs, yet I’m still here. Keep going, guys, don’t give up! Best wishes to all the small channels out there. Let’s go! Reply

[@LIFESTYLEFITWITHMO]

As always you come thru w clear & concise information. THANK YOU $ 💴

[@creepyconcepts]

Hey! Long time listener (personal account), first time caller. 🙂 Love your rebranding of passive income as scalable income. Creating an asset like a video doesn’t do much unless you nurture its growth in some way. Cheers

[@DaShomurai]

Teach me Katie 😅

[@kbenk108]

yup membership is the way to go because of the recurring income. Do you offer video editing courses?

[@YessieVillalobos]

Helpful as always 💸💵

[@Potty8]

Mutual funds are not passive income, they are just a veeeery bad choice 😂 Nice and useful video, as always ❤

[@PersianTravelista]

Thank you for such an informative video, I really enjoyed it! 🙏

[@thekizziejournals]

great advice about savings, taxes and lifestyle 💸

[@Natashashanell143]

Thank you 😊 🤑

[@outthereJCH]

💵 dope video! Thank you!

[@VoicesofTania]

I'm intrigued how you write some letters from the bottom up

[@laurenringo4591]

💵 Such a great video, as usual. Thank you!!!

[@VoyagesJapan]

Love this video! Thank you Katie! But just for clarification, your P&L at 0:09 shows $564K revenue/income. What is the correct profit (I think there's a slight typo)? Would love to know your margins on running a creative business with multiple employees and streams like you have. Really appreciate you being so transparent and congratulations on all of your success!!

[@awildbecoming]

I recommend reading and following the "Profit First" book by Mike Michalowitz to figure out how much money to put aside for taxes.

[@AlbumAnarchy]

💵Great video! How does Uscreen differ from Patreon? I'm wanting to set that up for my videos but would like to know the pros and cons of both in your opinion

[@hey_von]

Thank you so much for being transparent and sharing your numbers at the start of the video...I had no idea that creators could make well into the six figures with just brand deals! Really been enjoying your videos and it's motivated me to keep going as a small KZbinr. Thank you thank you! 💵

[@thefinanceintel]

Exactly, so many people mistake revenue with profit and take home amount which are totally different things. Because there are expenses and there would be future expenses However, its always great to focus on increasing your overall revenue (whilst keeping your expenses in check) as that way you can look towards a better profit And for me, it would be looking out for more income streams

[@Parker-Green]

This is a lot of great advice!!😊 💵

[@thissecondhalfadventure]

$Thanks so much for this video! We are 60-something’s, half retired and starting to make a little money with our channel. Your advice is sound and very helpful to those of us just getting into the income phase of this journey. 😊

[@sergioin3D]

That’s cool :o I like that you have an app, that’s cool totally worth it

[@jennalrice]

💸 Thank you for the video…very helpful tips!

[@KSlivinghappy]

Wonderful video ❤❤💵

[@BossBabe707]

Hi Katie! My name is Minè. I’m new to your channel and I been following you since Fall 2023 semester of college. I have to that this video really made me more self aware when it comes to my finances as well as saving money from taxes so I don’t have to pay as much. Thank you for sharing this valuable information 🤩💯🙏✨💕

[@RhodaMayG]

So I’ve run into this channel periodically but didn’t take the plunge to subscribe for what ever reason… but after this video I had to. There is some great advice in this that as a beginner in starting a business needs to hear. I have looked up what she talks about but not alot of people give you good tips and understanding about business financing . I’m shamed to say I’m in my early 30s and am still trying to figure out my own personal finances. Learning all this stuff on top of that and family things and my 9-5 job and more? It’s tough. So tysm for this one❤ I saved it for my future reference ❤❤❤

[@jannaborsboom]

Could you make a video about Snapchat and its monetization?

[@NiaLouis]

I want to buy a new Mac and I have an external hard drive because my desktop didn’t have enough storage and couldn’t process my Adobe anymore. I wanted to know how much storage would I need to edit in my new Mac. Should I just get the most storage or a moderate amount because I have an external hard drive. Thanks! 😊

[@MidlifeCredo]

Clarificatio: In the United States, a single-member LLC is a disregarded entity. There is no distinction (with regard to taxes) between a single member LLC and a sole proprietorship. It’s just a pass-through on a Schedule C.

[@isabellasunshine]

Thanks for all the helpful advice, my fellow Canadian! I was actually just on the phone with the CRA last week, and it was not at all rainbows and puppies. It's definitely good to stay on top of these things. I'd love to see a deeper dive into how to actually make money on this platform in the future! :) Keep up the awesome work!

[@katie]

ahh it's never a good day if you gotta call the CRA... though I will say the times I have, they're always very friendly and helpful

[@anagonzalez2154]

💸 great video!

[@Goshly.Kristie]

💰 🎉 One of these dang days I am going to get over myself and upload content. Sigh. But! Until then, I've been lurking for a while and greatly appreciate the knowledge bombs you offer. ❤

[@katie]

you should do it Kristie!! just go for it! ✨

[@AngieLove5555]

Same! I’m just going to start next week! You should start soon, too!

[@elenamariethoms]

Does Uscreen allow members to chat in different chatrooms?

[@toofewacres5690]

Thank you for doing this video, I'm a tiny content creator, but I know some day I may get monetized. Hopefully! ❤❤

[@VictoriaGetsVocal]

Long haul flights should always be business class at least! 😂❤😊

[@katie]

haha I wish!! in a few weeks I'm flying direct Toronto to Tokyo in economy 😂 it would have doubled the cost of our entire trip for Dan and I to fly business, I was blown away by the cost 🙈

[@VictoriaGetsVocal]

@@katie take a look at last minute deals just before you go to upgrade, it’s often much cheaper then 😉

[@sergioin3D]

Right :v we have to follow the rules of money where we live

[@WelcomeToTheOutdoors]

13:18 it glitches out a bit

[@katie]

Dang that is so weird!! No idea why it did that 🙄

[@Travis542]

I’ve had a couple videos do that recently. I think it happens during the export.

[@WelcomeToTheOutdoors]

@@Travis542 It does look like an export thing. Thats what sucks is that after you have watched the video about a million times, you don't want to do it a million and one times

[@Travis542]

@@WelcomeToTheOutdoors right. By the time I’m done editing I never want to check it again.

[@Horrorzeit]

If you are only been doing it for a few years: You need to spend more. I see it all the time with small creators that they are way too shy to spend money on write-offs.

[@elliesnotes]

lol or they just don’t have the money to spend 🤣

[@StanislavHlaváček]

Honestly, whenever someone claims they’d do 'this one thing' to make money as a creator, it always sounds a bit too good to be true.

[@MoArtsTech]

Thank you for the nice beautiful content ❤ I just created my Art Channel 6 weeks ago with now 240 subscribers. Working hard on it. I wish all small Channels big success 🌺

[@sarahwright6995]

💸

[@BethanyGraceMcKeel]

💰

[@MadisonEran]

💵

[@ohsnapitsjj]

💵

[@k.mae.k]

I have like....10 subscribers. I don't even know why I'm watching this. 😂 Still watched till the end though 💸💪