Youtube, as a company, is currently not profitable. That doesn’t mean there are not people making money on it. In fact Charles Trippy is using it to do what he loves (making videos) full time and living off the income.

I first was exposed to Charles when I came across the youtube page of his reality “show” where he videotapes the life of his fiance Alli and himself every single day. They originally planned on doing it for a 365 days, but I personally think they will continue it. Their show is called “The Internet Killed Television” and you can see their youtube page here and the home page here. Below is one of his and Alli’s recent videos:

If you watch the show for any extended period of time, you will realize that Charles does not have a “job.” I sometimes laugh when I see comments such as “dude, wth do you even do for money? What’s your job?” Charles travels a lot, has a nice-sized apartment, got a Tiffany engagement ring for Alli, has some pretty expensive tech. equipment, and clearly does not “go to the office” or some other workplace. So how does he do it?

Well, I have been trying to spot the various revenue streams he has. First, most if not all of these videos (and there are over 200 of them so far) on the “Internet Killed Television” youtube page have over 100,000 views. If you watch a video you will notice an ad pop up. I won’t go into detail, but anyone who has a blog knows that if you get traffic you will inevitably make money from ads if they are on your page. He consistently gets over 100,000 views a day on the newest video, not counting any views on older videos. Next he sells t-shirts. This is promoted in his youtube videos, but not in every video and rarely, if ever, blatantly.

Charles Trippy is doing what he loves and making a living doing it. He is a new breed of internet entrepreneurs. What he has is enthusiasm as well as consistency; there is a new video posted every single day. Maybe his show is not literally killing television, but he is self-producing a ground-breaking reality show that likely will only grow bigger.

-David @ DINKs Finance

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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