Wife and I make $190k.
The lowest paid person in my department makes $70k, gets benefits, and works 40 hours a week. And this is a department of 100 people working in talent acquisition.
My point is that the 24 year old girl we jus hired with 2 years exp makes more than a clown playing video games and asking for donations. She gets healthcare and a retirement plan.
What exactly are they gonna write off to avoid paying taxes every April? Do you have any idea how much expenses you need to relieve a tax burden for someone who makes more than 6 figures? Hell, I fucking max out my allowable IRA and 401k just so I have less of a check to write every April, and that includes my mortgage interest.If you do it properly you can write off enough things to where you're not paying very much in taxes, at all. Everything becomes a business expense.
It's still a hell of a lot of work. 60 hours a week - and that's not 60 hours of sitting on the couch. That's 60 hours of being "on" as in actively engaging with your audience, etc. That sounds draining as hell.
Dude, check my other posts. With my student loans it's been tough where I live. I'm in a Chicago suburb where there are guys driving cars that cost $100K. Some parts of the country, money doesn't go very far.
Yeah that's shit money. Be lucky to clear $70k
Work smarter, not harder.I sometimes work over 100hrs a week and I don't break 50k a year. 70k + is a good living for a lot of people especially doing something they enjoy.
I imagine it'll be like the lottery winners who are broke after 5-10 years.Not bad but with no tax taken out, no benefits or retirement it is not really a smart career option IMO.
Sure you can make good money and if they are smart about it they can have a future.
It will be interesting to see where some of these people are in 15-20 years.
Making $100k is an OK salary. The problem is being self employed and making $100k. The taxes truly eat into that. Not to mention having to work 60 hours a week for that $100k.
Not bad but with no tax taken out, no benefits or retirement it is not really a smart career option IMO.
Sure you can make good money and if they are smart about it they can have a future.
It will be interesting to see where some of these people are in 15-20 years.
Not bad but with no tax taken out, no benefits or retirement it is not really a smart career option IMO.
Sure you can make good money and if they are smart about it they can have a future.
It will be interesting to see where some of these people are in 15-20 years.
I used to resell Nike's and Jordan's on eBay, sole collector, etc. And the IRS will come knocking very quick and you better hope you have your shit together.Seems like for qet rich quick people the real nightmare comes during tax season.
Both Towelliee and Lethalfrag have said that if you arent careful you will get bent over the counter by the IRS.
I imagine it'll be like the lottery winners who are broke after 5-10 years.
I really worry about the guy who is early in his life and has a choice of having a career or doing twitch for a living and then 5-10 years pass and they have zero skills to show for it..
Someone with the level of dedication it takes to run a successful Twitch channel can probably go on to success in other fields.
100k is amazing if your not dumb with your money. Me and my wife make 80k wih two kids , new house , new car and I can buy whatever I want for hobbies.
Saying 100k is just ok , especially for one person is silly
That being said, I know how bad young people are with finance education.
But how much are you investing?
There are many variables when you consider early retirement plans and other investments.
There are many varibales that make $100k an OK salary.
I also have a new house, new car, and fund my hobbies just fine with a kid on the way. But I have an aggressive retirement plan that makes my income just OK.
No way I would work 60+ hours a week and have no benefits to achieve those plans when they are doable in 40-45 per week just fine.
I agree with this. You see a few of the top streamers do something that works and others copy an follow.I disagree, 90% of these people that watch are all apart of a hive mind with repeated memes and what not.
Its extremely crucial to invest in your retirement. If your employer matches your 401k, make sure you at least max out their contribution and that includes your IRA. more you can put in will lower your taxable income. My future after my career is over always worries me in thinking I won't have enough money to live comfortably in my golden years.Investing is something we need to do. My wife gets retirement and tenure for b3ing a teacher and we both have empliyee paid insurance which helps alot
But yeah, we need to invest more into retirement for sure
This isn't the norm at all. Someone can do what people do on twitch without a college degree. Still 70k isn't "shit" money. If I made that much I could live very comfortably.
Dude, check my other posts. With my student loans it's been tough where I live. I'm in a Chicago suburb where there are guys driving cars that cost $100K. Some parts of the country, money doesn't go very far.
This is correct, I am pretty good in most games. Yet when I focus on gameplay I get maybe 15-20 viewers. If I shit talk or drunk, I get 70-500 viewers. My highest stable view count was like 160 viewers for 4-5 hours straight when I was wasted playing Dark Souls.
No matter how much Gaffers moan that they want pure gameplay streams, with no camera or talk, they themselves don't watch those streams. Easy to check, get game early - start streaming as soon as Twitch lift DMCA ban, link stream on Gaf. If you just play, with no talk, no cam, no interruptions - views peak at 50 or so and then drop to 5-10 in like 2 minutes, even if you do quality stream, with high bitrate, 1080p and 60FPS where possible with external capture card. Yet, if you just shittalk, read chat etc - even on Gaf people stick around for longer.
I disagree, 90% of these people that watch are all apart of a hive mind with repeated memes and what not.
And if I'm not mistaken, he goes to school for computer science or something like that so it's not like he's just sitting on his ass all day.
Single and no other sources of income it is pretty good. Depends on where you live really. 70k is bad in California but good in Louisiana.$70k is good money, what the hell?
Single and no other sources of income it is pretty good. Depends on where you live really. 70k is bad in California but good in Louisiana.
... What the hell kind of people are DONATING to streamers? That's unreal to me. Kids with their parents credit cards? Someone please explain why you would DONATE money to someone who clearly has enough money to support all these first world luxuries?
who is SPENDING $100 and more on dumb phone games like age of war? idk but their wallets are fucking bleeding all over man, no shame in trying to catch a piece
I chipped in $5 to a couple of streamers which I found entertaining and want to continue watching.... What the hell kind of people are DONATING to streamers? That's unreal to me. Kids with their parents credit cards? Someone please explain why you would DONATE money to someone who clearly has enough money to support all these first world luxuries?
... What the hell kind of people are DONATING to streamers? That's unreal to me. Kids with their parents credit cards? Someone please explain why you would DONATE money to someone who clearly has enough money to support all these first world luxuries?
Donators I get the logic. What I do not get are these people who spend hundreds of dollars to destroy something and film it.Lol I guess so... A fool and their gold...
I used to resell Nike's and Jordan's on eBay, sole collector, etc. And the IRS will come knocking very quick and you better hope you have your shit together.
Depends on the streamer, some get so well known for playing a single game that switching can lead to a massive loss of viewership.
Very true. I used to follow Cilantrogamer who became a huge Minecraft streamer for a good year. His personal life took over and he just got sick of Minecraft and took a couple of months off. Now he streams random games from time to time and barelg breaks 100 viewers. Twitch viewers can be super fickle, but some are also really loyal.
I only know one single game streamer and he always floats around 500-750(Calebhart). Clearly the shirtless rule hurt his viewer-ship more then his game selection!
What single game streamers are you referring to? LoL players, Hearthstone? Do they have significant viewer-ship that dies if they try other things or is it sub 1k?
That's the point. If it really requires that much work and the chances of having a long term career are that low then it's time to abandon ship and get on with your life. Playing video games for a life long career is not a smart idea.
Yes, I know you will mention some guy on twitch or some guy who just won some big competive game thing, but those are the far and few between.
I really worry about the guy who is early in his life and has a choice of having a career or doing twitch for a living and then 5-10 years pass and they have zero skills to show for it. Even the big youtube stars probably don't earn enough to substain a life if they don't save smart now.
Gaming is a hobby not a career.
Someone with the level of dedication it takes to run a successful Twitch channel can probably go on to success in other fields.