My 10 Streams of Income as a PhD Student - How I Earn €50,000 and tripled my PhD Stipend

TL;DR

This video provides an in-depth overview of the different sources of income for a PhD student, including a breakdown of earnings from the PhD stipend, industry internships, teaching hours, a side business, and content creation.

Transcript

okay you can see i have a nice hot cup of tea with me because i am going to be spilling the tea about my 10 streams of income as a phd student and how i earn over 50 000 euro or 60 000 if you're in the us as a phd student this is going to be a really stressful video to film because it is obviously quite personal to share but i also feel it is good ... Read More

Key Insights

• 🥶 The PhD stipend is a significant source of income for PhD students, providing a tax-free scholarship.
• 🧑‍🎓 Industry internships and teaching hours offer additional earning opportunities for PhD students.
• 👨‍🏫 Running a side business, such as a drama school, can contribute significantly to overall income.
• 🫠 Content creation, particularly on platforms like YouTube, can generate income through ads, sponsorships, affiliates, and selling products like templates.
• 🥺 Balancing multiple sources of income requires careful time management and can lead to high workloads and limited breaks.
• 👪 Cost of living and financial obligations, such as rent and healthcare expenses, impact the feasibility of relying solely on the PhD stipend.
• 🎏 The earnings from the different income streams vary, with some sources providing more substantial amounts than others.

Questions & Answers

Q: How much does the PhD stipend contribute to the overall income?

The PhD stipend accounts for €18,500 per year, making it a significant portion of the total earnings.

Q: What other income sources exist for the PhD student?

The PhD student also generates income from industry internships, teaching hours, prize money from competitions, their drama school business, and content creation.

Q: How much does the drama school business contribute to the overall income?

The drama school business earns approximately €15,395.50 per year, providing a substantial portion of the PhD student's total income.

Q: What are the different categories of content creation income?

The content creation income includes earnings from YouTube ads, channel memberships, sponsorships, affiliates, and revenue from selling Notion templates.

Summary & Key Takeaways

• The video discusses various income streams for a PhD student, including the PhD stipend, industry internships, teaching hours, a side business, and content creation.

• The PhD stipend is tax-free and amounts to €18,500 per year. Additional income is earned through industry internships, teaching hours, and prize money from competitions.

• The PhD student also runs a drama school as a side business, earning approximately €15,395.50 per year. Content creation, including YouTube ads, sponsorships, and affiliates, contributes around €2,500 to their annual income.