9 Ways I Make $12,000 EVERY Month (in my 30s)

TL;DR

Justine of Debt Free Millennials makes twelve thousand dollars a month in nine different ways, combining passive earnings with products, coaching, content monetization, and freelance work. Her streams include bank interest, investment dividends, a spending workbook, Budget Bootcamp, affiliate marketing, YouTube advertising, sponsorships, and freelancing. Read on to see how each stream works and why she builds income gradually.

Transcript

i know exactly how to start off this video [Applause] for those of you who don't know i got inspired by my good friend jj buckner who talked about how he has 10 different income streams that earn him 50 000 well jj it may not be 50 000 but it is twelve thousand dollars and so i wanted to share in this video exactly how i am making 12 grand a month ... Read More

Key Insights

• ✋ Passive income sources like CD dividends and high yield savings contribute to the content creator's income.
• 🔬 Investing in dividend-paying investments and retirement accounts generates significant monthly income.
• 🫠 Affiliate marketing and YouTube ad revenue capitalize on the content creator's platform and audience reach.
• 🎏 Sponsorships and freelancing are lucrative income streams that require active participation.
• 👻 Strategic income diversification allows for steady growth and financial stability.
• 🎏 Starting with one income stream and scaling up gradually is feasible for anyone.
• 🔉 Content creation through various mediums, like YouTube and blogs, can be monetized effectively.

Questions & Answers

Q: How does Justine from Debt Free Millennials make twelve thousand dollars a month?

She combines nine income streams rather than relying on one source. They include CD and savings interest, investment dividends, a spending workbook, Budget Bootcamp, affiliate marketing, YouTube advertising, sponsorships, and freelancing.

Q: How does her certificate of deposit generate passive income?

She keeps money in a certificate of deposit at her primary bank and receives dividends without doing active work. The account limits how much money she can deposit, which also limits its earning potential.

Q: How do high-yield savings accounts contribute to her income?

She keeps substantial savings across online high-yield accounts and earns interest from those balances. She mentions Ally alongside Barclays and Marcus Sachs as examples of online banks offering interest-bearing savings accounts.

Q: What is the How to Control Your Spending workbook?

It is a workbook designed to help people control their spending, become debt-free, and take ownership of their finances. Its monthly income fluctuates depending on promotions and how actively she markets it.

Q: How does the Budget Bootcamp program work?

Budget Bootcamp is Justine's private coaching program conducted through Zoom. She reviews each client's real budget, assigns actionable homework, and provides accountability toward financial goals while serving only a handful of clients at a time.

Q: How does she earn dividends from investments?

Her dividend income comes from accounts on Robinhood, Betterment, Vanguard, and M1 Finance, with Vanguard serving as her primary retirement-investing platform. She reinvests the dividends for long-term growth, and much of the income is paid through her Roth IRA and rollover IRA.

Q: How does affiliate marketing make money for her business?

She promotes products and services she genuinely likes through platforms such as her blog, Instagram account, and YouTube channel. When someone uses her custom affiliate link, she receives a share of the brand's profits without adding a cost for the customer.

Q: Why does she use multiple income streams?

She presents multiple income streams as part of a strategic approach to earning while pursuing a debt-free life. Her mix includes passive sources and active business work, showing that new streams can be incorporated into an existing financial plan.

Summary & Key Takeaways

• Debt-free millennial shares 9 income streams totaling $12k/month, from CD dividends to freelancing.

• Income streams include CD dividends, high yield savings, budget coaching program, investments, affiliate marketing, YouTube ad revenue, sponsorships, and freelancing.

• Multiple streams of income are achievable, with passive income opportunities and room for growth.