Michelle Phan’s Net Worth

Michelle Phan's net worth
Youtube was one of the first sites of its kind when it launched in 2005. Now many sites have tried copying it but none have been as successful and none pay out what Youtube does either. Many Youtube stars are making a ton of cash from their video views. Whether their channel is about makeup, gaming or simply a comedic station, Youtubers make bank. Some of them are even worth millions of dollars.

What about Youtube makeup artist Michelle Phan? Is she raking in the cash from her Youtube channel? What is Michelle Phan’s net worth and how did Youtube help her get there?

Michelle Phan’s Net Worth

Michelle Phan’s net worth is estimated to be about $50 million. Since she began taping her makeup tutorials in 2005 Phan has been bringing in a significant amount of money from Youtube as well as a number of other lucrative deals she was able to land because of her channel.

Phan was born on April 11, 1987 in Boston but lived most of her life in Tampa, Fla. She attended Ringling College of Art and Design and received an Honorary Doctorate in 2014. By then, however, Phan had already been posting about makeup tutorials and creating videos for nine years.

The 30-year-old Youtube star started out blogging on her own personal site which focused on talking about new/different makeup techniques. She also critiqued some of the makeup tutorial videos that existed on the web at the time. It wasn’t long until Phan got the vlogging bug herself though. After Buzzfeed shared  her video “How to Get Lady Gaga’s Eyes,” Phan went viral and was able to climb to over 1 million subscribers.

Since then Phan has become a Youtube advertising partner and has even launched her own multi-channel network called FAWN. Additionally, her Youtube channel was named on the “New Media Rockstars‘” Top 100 Channels at number 48.

Although each of Phan’s accomplishments on Youtube are no small feat, she didn’t get all her cash from the streaming site. What else has contributed to Michelle Phan’s net worth?

How Phan’s Youtube Career Built Wealth

Michelle Phan's net worthNot many 30-year-olds have a $50 million fortune they’re sitting on but Phan was able to manipulate Youtube to benefit her business ventures. After gathering a following Phan was able to start earning real money from Youtube.

Youtubers are able to pull in a lot of cash from their videos. You get pay $1.50 to $4 for every 1,000 views your video receives. Once you reach 1 million subscribers about 10 percent of your following will view a video when it is posted. So, essentially, Youtubers with 1 million subscribers will make $150 to $400 for every video they post. After a while, this adds up.

Another way many Youtubers, including Phan, make money is through other endorsements and deals. Phan was able to land deals with big name-brand makeup companies like L’Oreal and Lancôme. She’s also published her own book, launched her own music group and makeup subscription company.

It is fair to say that many Youtubers are doing well. Because of her ability to use Youtube and land awesome deals, Michelle Phan’s net worth is likely to continue to climb in the years to come.

Photos: Youtube and Glamour

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Three Simple Ways to Hack The 52 Week Money Challenge

simple ways to hack the 52 week money challenge

The 52 week money challenge is a simple and powerful way to not only start building up a nice little nest egg but, more importantly, transform your financial habits. With this simple challenge, you start becoming a person who spends with purpose instead of just buying this and that without much thought. But, what looks like a simple challenge is actually still challenging for anyone who is not used to being so aware of their money.

Simply put, the 52 week money challenge is a way to challenge your self to save money.  It works using a snowball approach. You start on week one by saving $1, then on the second week, you save $2. On the third week, you get $3.  By the end of the year you should have a total savings of $1,378.  Here is a nice visual.

52 week money challenge
So here are 3 hacks to make sure you stay on track for the full 52 weeks.

#1 Start Right Now
Take that literally. Take a break from this article, go log in to your bank account and transfer $1 from your checking account to your saving account.

Done? Good. You have now successfully completed the first week of your challenge! That wasn’t so bad was it?

On week 2, you’ll deposit $2 into your account. And you’ll keep up this pattern, adding $1 to the total each week (so in week 52, you will deposit $52). The great thing about this is that it literally doesn’t matter which week you start in or what day of that week you start. It could be 2am on Friday night in the middle of August. That’s fine. Start now. By this day next year, you’ll have saved more than $1,000!

#2 Decide How to Spend It
While working toward your goal, one of the best ways to stay motivated is to dream about and envision that goal. In 52 weeks, you are going to have $1,378 that you wouldn’t have had if you didn’t do this.

What do you want to do with that? You can take a trip somewhere, go on a shopping spree, pay off some debt, keep it as an emergency fund, or anything else that comes to mind. You don’t have to pick just one thing, either. You could choose, for example, to go on a shopping spree with half the money and hold on to the rest to continue building your savings. The important thing is that you visualize what you are going to do so that you can enjoy the rewarding feeling of moving one step closer to that vision each week.

#3 Plan Ahead
One of the simple ways to hack the 52 week money challenge that you can apply in a couple different ways. First of all, plan ahead by scheduling a weekly appointment to make the transfer. Do it at the same time each week to really ensure that it becomes a habit.

The other way that you can plan ahead is by deciding in advance where the savings will come from. For example, in the first week, where will that dollar come from? This will be easy. You can just skip buying a pack of gum or buy a generic brand food that is $1 less than your name brand. Each week, take a look at your normal spending habits and find something you can cut or change in order to reach your weekly goal. By week 52, you’ll need to find a way to cut $52 from your budget for the week. So each week, you will have to work a little bit harder to get the money. But this helps you to gradually build up the willpower to avoid splurges and wasteful spending!

Final Word
By the end of this challenge, you will have saved $1,378! And you did it all with just a few dollars at a time. By using these simple ways to hack the 52 week money challenge, you are not only accomplishing the 52 week challenge flawlessly but ensuring that these 52 weeks turn you into a more conscious and smart spender! Finally, if you’re interested in more on the 52 week savings challenge, consider checking out Saving Advice’s article on the subject.

Kostas Chiotis blogs about the most important issues relating to economics. You can read his articles at FinanceBlogZone.com and follow him for more updates and information on Facebook and Twitter.

Image URL:  Pixabay

What is Conor Maynard’s Net Worth?

Conor Maynard's net worth

Conor Maynard has become one of my favorite musicians to listen to in the mornings. It started out as seeing his videos on Facebook in the morning and giving them a listen to subscribing to his Youtube channel and giving his sweet, sweet voice a listen each morning.

Maynard isn’t what many people would consider a “mainstream” pop star, though you’ve probably listened to at least one of his cover songs. The 24-year-old singer has certainly made a name for himself on the web but what is Conor Maynard’s net worth and how much cash has he raked in from his online music career?

About Conor Maynard

Conor Maynard is not a United States citizen. He was born in Brighton, England on November 12, 1992. From a very young age Maynard and his parents realized that he was musically inclined. He always enjoyed singing other artist’s songs.

When he turned 14 years old Maynard decided to join the video streaming giant Youtube. His first Youtube video was of himself singing “Breathe” by Lee Carr. The rest is history. Since then he’s uploaded tons of cover songs like “Breathe.” He and his friend Anthony Melo pair up on songs from time to time as well. Maynard sings the lyrics while Melo covers and rap in the song. The pair work together perfectly.

After posting videos on Youtube consistently Maynard was finally “discovered.” Pop star Ne-Yo found Maynard on Youtube and reached out to him as a mentor. Shortly after partnering with Ne-Yo Maynard signed to EMI/Parlophone and Turn First management to become a fully-developed artist.

Now his Youtube videos get millions of views each but how much is he making? What is Conor Maynard’s net worth?

Conor Maynard’s Net Worth

Conor Maynard's net worthConor Maynard’s net worth is nothing exciting. The young star hasn’t stacked up much of the money he’s made from Youtube. Justin Bieber, who Maynard is often compared to, has a net worth of over $200 million. Maynard’s net worth sits at about $375,000. However, Maynard is continuing to grow as an artist and become more popular over time so there’s a chance his net worth could explode in the years to come.

For now though the bulk of Maynard’s overall net worth comes from the money he makes through advertising on Youtube. He’s got more than 4 million subscribers on his Youtube channel and, as his fan base grows, he continues to sell more tickets to shows and more singles. Most of Maynard’s singles have sold at least 100,000 copies each.

Conor Maynard doesn’t plan on slowing down any time soon either. This year he plans to continue his work on Youtube as well as perform at a number of live shows. In addition to his cover songs he is planning to release some music of his own in 2017 as well. Each of these will likely continue to contribute to the young man’s net worth.

Maynard is similar to many of the other Youtubers out there except he is still getting his start. Don’t be surprised if you see his name or his wealth rise in the next few years.

Photos: Celeb Mix and Kurrent Music

Four Free Ways to Learn More About Money

More Ways to Save MoneyIf you are like most people, then your financial education is somewhat lacking. Perhaps you were not entirely sure what all that stuff on your first 401k form meant, or perhaps you still do not know how to define “escrow.” These knowledge gaps are common, but if you do not do anything about them, you could find yourself in deep trouble down the road. Here are four ways you can make sense of finances—without spending extra money to do it.

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