Key Moments
How Much Money I Earn in a Week as a Doctor & YouTuber
Ali AbdaalKey Moments
Doctor earns $5,483 in a week from NHS job and multiple passive income streams including YouTube.
Key Insights
A junior doctor in the UK balances their full-time NHS role with various passive income streams.
Passive income, particularly from YouTube AdSense and Skillshare courses, significantly contributes to overall earnings.
The video emphasizes the financial independence achievable through consistent content creation and diverse income sources.
US doctors earn significantly more than UK doctors, highlighting a disparity in earning potential within the medical field.
Creating and selling online educational content, like Skillshare classes, can be highly lucrative with built-in distribution.
Affiliate marketing, recommending products one genuinely uses, is presented as a viable passive income strategy.
ACTIVE INCOME AS A JUNIOR DOCTOR
The author, a junior doctor in the UK's National Health Service, details their primary income from their medical profession. With an annual salary of approximately £38,000, their hourly rate is about £15.36 for basic hours. This income is before taxes and other deductions. The breakdown for the week shows earnings from standard day shifts and an additional amount for working one in three weekends, reflecting the demanding nature of the role and the compensation received for it.
YOUTUBE ADSENSE REVENUE
YouTube AdSense forms a significant part of the passive income. This revenue is generated from advertisements displayed on videos. The earnings fluctuate daily based on viewership and ad engagement. Factors like video content type (tech videos command higher CPMs than book videos) and audience demographics (US audiences contribute more due to higher ad spending) influence the revenue generated per thousand views. Consistency in uploading videos is key to building a reliable income stream from this platform.
SKILLSHARE AND ONLINE COURSE INCOME
Skillshare, an online learning platform, provides a substantial passive income. Revenue is earned based on minutes watched by premium subscribers of the author's courses. A single course, filmed in one day and edited professionally, generated over $1,400 in the week analyzed, exceeding the author's doctor salary for the same period. This highlights the potential for educational content to become a significant income source, especially with platforms offering built-in distribution and student access.
AFFILIATE MARKETING AND PARTNERSHIPS
Affiliate income is generated through partnerships with companies whose products the author genuinely uses and recommends. This includes revenue from affiliate links for products like iPad screen protectors and subscription services like Epidemic Sound for royalty-free music. The Amazon Associates program also contributes, albeit less significantly for the author's audience demographic. Building trust with an audience is crucial for the success of affiliate marketing.
FINANCIAL INDEPENDENCE AND LIFESTYLE CHOICES
The overarching theme is achieving financial independence, decoupling income needs from a full-time job. The author notes that even enjoyable professions like medicine might not be pursued full-time if financial necessity were removed. For many doctors, given the option, they would reduce their hours. This pursuit of passive income creates optionality, allowing individuals to work because they want to, not because they have to, thereby increasing happiness and job satisfaction.
THE POWER OF CONSISTENCY AND CREATING CONTENT
The author emphasizes that building substantial passive income, particularly through platforms like YouTube and Skillshare, requires immense consistency and effort. Despite earning significantly from these ventures now, the initial stages involved very little income. The strategy involves consistently creating valuable content, building an audience that trusts the creator, and leveraging that trust through recommendations and educational offerings. Investing time in learning skills like coding is also suggested as a foundational step for entrepreneurship.
WEEKLY INCOME TOTALS AND COMPARISON
In the analyzed week, the author's total active income from being a doctor was $1,389.44, with passive income reaching $4,093.69, totaling $5,483.13. This starkly contrasts the income potential of doctors in the US, who can earn significantly more than their UK counterparts. The author's experience demonstrates that a combination of a traditional job and diversified passive income streams can lead to a comfortable financial situation, offering flexibility and freedom.
Mentioned in This Episode
●Products
●Software & Apps
●Companies
●Organizations
●Books
●People Referenced
Building Passive Income Streams: Key Takeaways
Practical takeaways from this episode
Do This
Avoid This
Weekly Income Breakdown (March 23-29, 2020)
Data extracted from this episode
| Day | Active Income (Doctor) | Passive Income (Total) | Total Income |
|---|---|---|---|
| Monday | $172.42 | $313.90 | $486.32 |
| Tuesday | $172.42 | $551.79 | $724.21 |
| Wednesday | $172.42 | $503.62 | $676.04 |
| Thursday | $0.00 | $634.05 | $634.05 |
| Friday | $249.00 | $694.02 | $943.07 |
| Saturday | $311.48 | $765.98 | $1077.46 |
| Sunday | $311.48 | $630.33 | $941.81 |
Total Weekly Income
Data extracted from this episode
| Category | Amount |
|---|---|
| Total Active Income (Doctor) | $1,389.44 |
| Total Passive Income | $4,093.69 |
| Grand Total Weekly Income | $5,483.13 |
UK vs. US Doctor Salary Comparison (Approximate)
Data extracted from this episode
| Role/Level | UK Annual Salary (Est.) | US Median Annual Salary (Est.) |
|---|---|---|
| Junior Doctor (UK, Speaker's Level) | ~$38,000 | N/A |
| Consultant (UK, High Level) | £70,000 - £80,000 (~$87,500 - $100,000) | N/A |
| Fully Qualified Doctor (US) | N/A | ~$400,000+ |
| High Performing Specialist (US) | N/A | $1,000,000+ |
Common Questions
In the week discussed, the speaker's active income as a junior doctor was approximately $172.42 per day for standard shifts, totaling around $1,113 for 63 hours of work. Including travel time, the effective hourly rate before tax was about £14.85.
Topics
Mentioned in this video
Mentioned as a community where people share income and revenue, inspiring the speaker.
The Amazon affiliate program, which the speaker uses to earn commission on purchases made through his links.
Video editing software featured in the speaker's Skillshare class.
A popular programming language recommended by the speaker for learning to code.
Mentioned as an influencer who has been open and transparent about income, inspiring the speaker.
Mentioned as an influencer who has been open and transparent about income, inspiring the speaker.
A YouTuber mentioned as an example of someone who likely earns significant income from Amazon affiliate links due to recommending expensive photography gear.
A YouTuber mentioned as an example of the potential earnings from sponsorship deals, highlighting the significant income possible on the platform.
Author of 'The 4-Hour Workweek', a book that inspired the speaker's pursuit of financial independence and passive income.
Mentioned as an influencer who has been open and transparent about income, inspiring the speaker, and as an example of high CPMs on YouTube.
Mentioned as a content creator whose work is relevant to building an audience and leveraging affiliate income.
An online learning platform where the speaker has courses and earns revenue from watch time and affiliate sign-ups.
A company providing royalty-free music that the speaker uses for his YouTube videos and promotes through affiliate links.
A company founded by the speaker that offers classroom courses and online video courses for medical school applicants in the UK.
An online learning platform for math, science, and computer science, which sponsored the video and was recommended by the speaker.
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