How To Create A Money Plan in 2022

Byreviewsbym.com

Aug 30, 2022

I shared some tips for Creating A Money Plan and really if there was a class on becoming a full-time YouTuber and making this on

What are some good ways to make money?

 All of my money was going to my utility as and when I. Created this money play on oh my gosh it says at the top. 

General living cost that’s fine if you know that like you like to go out to dinner twice a week or two times a month or something like that make sure that you actually incorporate that into your cost because we need to figure out how much money you need to Make from youtube to not only cover your cost but then also save enough money for taxes and pay yourself. 

So, I am actually a payroll employee from my company. That’s a whole another topic that I have talked about on my Instagram before. So, if you guys wanna check out, I do have an IG. Expenses in terms of absolute necessities. So, these are just utilities. 

This is not including my food and any of like the things that I would put on my credit card and then I pay off my credit card every single month. everything my car expense all of that stuff is included within that 2052 so every month I need I need At least 3000 coming in for my expenses that would include my food that would include my gas that would include anything else.

 Just because I need 3000 a month does.. Not mean that I only want to be making 3000 a month because I need to also think about saving money for taxes as well as paying myself. So, the general rule of thumb that I like to go by, you do not need to save this much money for taxes but just to cover your butt because I have been in the position.. 

For another day there. I like to save 30% of my income for taxes. You will not need to pay 30% especially if you are in like one of the lower tax brackets. You will not need to. Pay 30% then I also like to save money every single month so let’s say if you are making let’s go with like 5000 a month. Your taxes.. Ideally i think you should be saving more than that every single month but if that’s what you gotta do. 

. Able to scale my income but if you do not have a money plan if you do not understand where your money is coming from if you do not understand how to diverse by your income that information that I gave you I just feel like kind of. Isn’t helpful. 

So, I should have created this video first but you know what? We’re here. We’re creating it now. What I want you to do right now is grab a pen, some paper, and we are going to be doing this step by step. 

 
How To Create A Money Plan To Make More Money in 2022

What can I put my money into to make more money?

I want you guys to actually walk along with me as I do this because if you do not do it in this moment, I don’t know if you’re gonna for Creating A Money Plan. Do it and I think that this is going to be key to scale on your income. 

And understand how you can create a money plan and actually achieve your goals that you wanna achieve in the future but if you’ve ever done my blow up loop right you know my favorite place to get started is with where you’re at right now so I want you to take a look at your quick books or whatever bookkeeping system. 

streams and this is what I did back in 2018 I was doing a Two consultations a month which I was earning 150 from. 

So, I was only charging 75 for my consultations which probably was not enough with affiliate marketing. I was earning about 75 a month with ads I was making oh. Youtube channel was not monetized yet in my website I was making maybe 10 to 20 to 30 dollars I don’t even think I was making 30 a month with my blog and you have to hit 100 from Google-Adsense sends to actually receive a payout so. 

I was making oh a month for my ads with other jobs I was making 775 to about a 1000 a month with I was a freelancer on upward so 

I thought that I was going to do it more than that but at the time, I would make 100 per class. So, I thought if I kept that going, that is how much money I would be making from. 

How to make money online for free?

Average because you need to be realistic of where you are at right now.

 Write down what is your cost of living so like you’re apartment, your house, your mortgage, whatever you’re paying for in terms of your living conditions, your electricity,. 

Your internet, your phone, whatever utilities you have, write it all down, how much money are you spending on your groceries, every single month, what about gas, what about car payments, what about clothing, whatever you spend your money on, like, what is your average spending per month?

because I know when I was in credit card debt guys, I was spending no money.

What are some good ways to make money?

 All of my money was going to my utility as and when I. Created this money play on oh my gosh it says at the top. 

General living cost that’s fine if you know that like you like to go out to dinner twice a week or two times a month or something like that make sure that you actually incorporate that into your cost because we need to figure out how much money you need to Make to not only cover your cost but then also save enough money for taxes and pay yourself. 

So, this is when things actually get good. It does get a little. Paid myself. So, I am actually a payroll employee from my company. That’s a whole another topic that I have talked about on my Instagram before. So, if you guys wanna check out, I do have an IG. Expenses in terms of absolute necessities. So, these are just utilities. 

This is not including my food and any of like the things that I would put on my credit card and then I pay off my credit card every single month. everything my car expense all of that stuff is included within that 2052 so every month I need I need At least 3000 coming in for my expenses that

 Just because I need 3000 a month does.. Not mean that I only want to be making 3000 a month because I need to also think about saving money for taxes as well as paying myself. So, the general rule of thumb that I like to go by, you do not need to save this much money for taxes but just to cover your butt because I have been in the position.. 

For another day there. I like to save 30% of my income for taxes. You will not need to pay 30% especially if you are in like one of the lower tax brackets. You will not need to.  Your taxes.. Ideally i think you should be saving more than that every single month but if that’s what you gotta do. 

How To Create A Money Plan To Make More Money in 2022

How to create a financial plan for retirement?

Each individual income stream. So, for me, back in 2018, I had consulting affiliate marketing, paid products, teaching and workshops, and then my ads, my ads weren’t making me any money.

 So, I am just going to. Put on here some different income streams and your income streams are going to be different based off of what you want to do with your business. 

So, whatever is relevant to you, not only at this point in time in terms of where your money is coming from, but also what other income streams can you add on to get you to. 

How much money you wanna be making every month?

 what i want you to do is really take a look at where your money is coming from right now because if you are making oh from your ads saying that you’re going to make 4000 a month from your ads is a pretty big jump there and I want you guys to be realistic so you can actually achieve these goals.

The next goal that you wanna hit with that. So, let’s say that right now, my ads are making me like 500 a month. I would say it’s pretty reasonable that I could get my ads up to making me like 1500 a month. I think that’s pretty.. Realistic. 

What is the Easy way to make money on the Internet?

. So, affiliate marketing, let’s say I wanna get started with like maybe 300 a month. My services are my really big money maker. 

There you go you got your 5000 a month but let’s say that you wanted to scale your business and you wanted to stop. Doing your services.. Hold on. Okay. 

How do you get free money off the Internet?

So, let’s say that your passion does not lie in your services and you wanna actually switch it over from making 2000 a month. We’re gonna put that down to oh.. Month.

I am going to rack that up to about 3000 a month and that is 100% possible.

You can increase your hourly rate.. You can charge more for that. So, let’s say you’re charging 100 bucks for your masterclass which is not that much money, honestly. You could be travelling way more than that for your masterclass and let’s say, you get. Maybe an hour, hour and a half, 2 hours long to making 2000 in a day guys, like that is freaking impressive there. Publics. 

Best ways to Create money online for beginners:

So, I’m going to leave that at oh. Your merch You’re really promoting your merch. You’re wearing it in your videos. I’m currently wearing Terra Michelle’s March. Start somewhere. I thought it was relevant for this video but let’s say it really focused on your merch. You wanna make more money there.. 

And you’re making about three grand paid products you’re also focusing more efforts there so we are going to jack that up to do we wanna do like 1000 maybe. Honestly, there’s no good reason for that. So, then I only need a 1000 or 500 dollars coming in from my ads wow. 

That’s actually not a lot and you would be making far more than that but this gets you to 5000 or 10 1000, right?. Especially if you’re doing a master class that is not passive income but like merch is passive income sponsorships are not paid products as long as you. In terms of getting you to the. Monetary amount that you want to be making every single month. 

 
How To Create A Money Plan To Make More Money in 2022

 into your niche and your brand that are far different from my nation, my brand.

What is the most easiest way to make money online?

 You know, there’s Patreon and all. and you can get into real estate and there’s so so many different ways that you can make money so you just need to be realistic on the ways that you’re making money right now and the ways that you actually want to be making money in the future.

To Make money on YouTube For Beginners 2022.

By reviewsbym.com

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