Youtuber Exit opps

TommyGunn's picture
TommyGunn - Certified Professional
Rank: King Kong | banana points 1,194

Does anyone else begrudge the fact that people like Logan Paul make 13.5m$ per year after 4 years of posting nonsense on youtube?

So many analysts slaving away, plugging numbers in to excel for 70-100 hours per week, for those coveted transferrable skills. But 99.9% will never make anywhere near this. Especially not in 4 years.

Is Vlogger a legit alternative to finance?

I could spend 100 hrs per week making stupid videos.

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Comments (16)

Jan 3, 2018

Yes, very good question. How come the most junior position in banking doesn't earn similar income to the top percentile of a "career" so risky that its expected earnings would be near negative?
Really makes you think...

For next week's edition, "is it fair lottery winners can earn $100m while working zero hours per week?"

Stay tuned.

    • 6
Jan 4, 2018

Yep, thats my point. Theres a huge cost to being so risk averse.

Best Response
Jan 4, 2018

That's a relief, for a second you sounded like a complete moron.

Speaking candidly, the beauty of your post is that it is actually retarded on multiple levels. Let me explain..

1) People don't invest themselves into a job, they invest themselves into a career/discipline. You felt the bottom of one was a good idea to compare with the top of another. Very smart.

2) When comparing overall, you'd actually notice finance pays considerably more at every single percentile.

3) There is near-zero relation between these options. It is completely arbitrary to compare something that for majority of the population don't form natural alternatives.

4) Particularly given the low labour input of the vlogger, they aren't even implied to be mutually exclusive - again creating a false notion of these being alternatives

5) Entertainment income of any kind has a much shorter expected life period than a career in finance, that a per annum comparison during the peak earnings period is extremely naive.

6) You 100% weren't referring to the risk profile of either job. You didn't mention that concept once, meaning either a) you gave no thought to it; or b) its so obvious that it's not worth mentioning. If it was obvious though, why would it be "begrudgingly"? Do you "begrudge" how much high end hookers can earn - I mean, how good are the hours and perks, right?

Ily still, dont worry.

    • 13
Jan 5, 2018

my point is if you work 100 hours a week for peanuts, do you not think you could work 100 of hours a week and a) create videos that people will watch or b) make a song that repeat Gucci gang all the way through and make a decent amount of money and retain most of your own hours.

risk profile is implied - you work for 50-70% of your entire life plugging numbers in to spreadsheet OR take a risk to live your life by your own rules

moral of the story is risk adverse is beta. so is being triggered.

Jan 6, 2018

and im biased. of the two most successful people I know, one is a famous Hollywood actor and the other owns a call centre. both bumbled their way into these careers, nothing particularly remarkable about either. they are the only two people I know that have taken a risk.

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Jan 3, 2018
TommyGunn:

Does anyone else begrudge the fact that people like Logan Paul make 13.5m$ per year after 4 years of posting nonsense on youtube?

So many analysts slaving away, plugging numbers in to excel for 70-100 hours per week, for those coveted transferrable skills. But 99.9% will never make anywhere near this. Especially not in 4 years.

Is Vlogger a legit alternative to finance?

I could spend 100 hrs per week making stupid videos.

There are tons of exit opps after YouTube! The latest thing is parks!!! Oh man, you just change your location to the park, permanently!

Its making such a statement and proves to the world you are completely independent. Integrate with the homeless people, put in some good time there, maybe 2-3 decades, and thennnn

come back on YouTube for your grand re-entrance to make billions!

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Jan 4, 2018

Lol you watch Logan Paul. What a loser

Absolute truths don't exist... celebrated opinions do.

Jan 4, 2018

tehehe I seen him on the news and looked him up buddy

Jan 5, 2018

Can egotistical bankers afford to appear to be stupid online?

    • 1
Jan 5, 2018

I heard he has a gig lined up with a major news network to report in-depth stories... seems logical with the journalist covering stuff today.

Isn't Matt Lauer's spot still open?

Jan 6, 2018

definitely do not follow the likes of James altucher and Tim ferris et al. if you think IBD is life.

Jan 6, 2018

This is just my opinion and it's based on my constant lack of understanding as to why bankers make so much money today.

Does anyone ever wonder why bankers are even paid so much money? I mean, it barely even is a lot anymore, when you consider that a salary to even be able to afford a decent living today is probably ~$100K, bankers only are paid marginally more, to a level that is more equivalent to living like a 'senior' employee, and not really a wealthy individual. It looks so great comparatively, because banks are the only companies that care to take care of their employees, where most companies seem more interested in cutting staff in order to retain more income. Maybe this stems from the fact that banking looks like the most modern business model out there, because banking has been incorporating more tech like the ATM and digital payment methods--even its relational model has been online for sometime, with online accounts and efficient online management systems--versus retail, as an example, which has had all of its balance sheet mostly physical since we've moved into the modern world, and about until during the 2007 bubble.

If you compare bank recruitment to the most skill-dependent jobs, you'll notice that having the necessary prerequisites do not get you far enough in banking versus that nearly being the basic determinant in the latter. Similar jobs to banking seem to be reality tv show star, IG model, and... maybe even the first modeling gigs a teen would get, like with the defunct American Apparel. These are jobs that allow you to make good money for being popular, whether that is in-demand physical features, or in-demand backgrounds like going to Harvard. There's some training involved, such as when and where to say certain things for the reality tv show and how to use a brush on your face or to touchup your photos for IG models. In banking, the skillset is mostly non-existent except just to maintain certain grades so that people know you can read and write well, everything else they'll be showing you what to do later on the job to develop and continue being useful to the company.

So, basically, I would argue that YouTube is not all that similar, because it takes a little more development of skills, since, after all, YouTube is a confluence of talents and some dedication to understanding entrepreneurial elements like salesmanship, marketing, video editing, lighting, etc.

    • 3
Jan 7, 2018

No. Logan Paul cultivated his craft over years of work, built a huge social media following on Vine and Instagram, dropped out of college to pursue his dreams, and reaped the rewards of the risks he took.

If you wanted to, you could drop everything and go vlog 100 hours a week. Go for it.

I think it's a pretty disgusting question, especially on a forum dedicated to breaking into Wall Street.

Jan 8, 2018

Logan paul is Lol...

    • 1
Jan 8, 2018

I love PewDiePie.

Jan 8, 2018