#phinance

[otherwaybabe]

how much do you think they make from the phatreon? ive seen a lot of ppl upgrading to pham for heated rivalry so just curious if you have any idea?

Per month? Between $20-40k for the household, after every expense is paid. But that's based on likes and doubling them, and my vague understanding of how much things probably cost, so I could be off.

Bottom line, for the first time in their lives they have a significant income and it's stable, and that's such a big wonderful thing.

Just watching all these old videos where they talk about the first London apartment and how it was way way over their budget, and then now, they don't have to watch money as much anymore (though I'm sure they still will cause they're those kind of people)

[otherwaybabe]

I did not expect them to call themselves middle class and not millionaires. That felt very pointed.

[otherwaybabe]

Here’s the thing, I haven’t watched “Why I Quit Youtube” because I pretty much only watch their joint content, I’m a fake fan. Ok, so maybe they’re not Markiplier rich, but they’re definitely upper middle class at the very least? Who can afford to build a fucking house? Or to go on tour at all, even if no money is made back. If they’re struggling with money, what the fuck are the rest of us doing? I guess we’re poorer than dirt poor? How low does the bar for poor go?

It's called a model home. They didn't build the house. You're given templates and you chose one. Then you get to decide what goes inside.

Usually in a new community with other model homes. It's just a new build but you chose what goes in it.

Based on what they've told us about the phouse it's probably less than 2k sq ft, or just over. It's not some mansion.

Also they planned to live in the second London apartments for a year MAX and ended up staying 4, so that kinda eats up savings.

And for a long time it was literally only a one income house. Dan did not post enough to make money from YouTube.

Not to mention, if you have a video over 8 minutes, you CAN make upwards of 8k a month, if all your videos are demonetized, you're making whatever the sponsorship pays.

Incohearent, for example, pays about $4,500 a video for the amount of likes, not views, they get (around 70k on those videos). Which is INSANELY low for the industry. I hope they have some slightly better deal, but probably not much. I can't even find what Nord pays, though I fucking hope it's more than just 100% commission, which is literally all I could find.

Being a creator is a gig job. It's video to video. Some months are great, some months suck a lot. The first two quarters of any year are typically the worst, so you're also saving for 3+ months where you aren't making anything at all.

Which is why Patreon is such a game changer for them.

Also they lose money on those tours and HL is not cheap to put together. They're not poor, but upper middle class doesn't mean what you think it means, ESPECIALLY in a city like London.

They're comfortable, and they watch their money and continue to work so they can stay that way.

[otherwaybabe]

I was the marx anon and people assuming that I must have grown up rich (getting an allowance, being a millionaire myself) is crazy. All I said was that they are petite bourgeoisie/worker-owners. I didn't even call them upper middle class, I said that people who are successful youtubers can be upper middle class while in marx's time the petty bourgeoisie would have mostly been lower middle class or middle middle class.

Part of my point was even that the poorest westerner still has economic privilege over someone who doesn't live in the imperial core, which is true as poorer people in the imperial core often survive off of products made through the exploitation of the global south. Sure, dan and phil are rich. Sure, dan and phil are upper middle class. Sure, dan and phil are lower upper class. I don't actually know where they fall because I find relative wealth of an area complicated/confusing and I'm just working with my sociology minor and anthro degree. I'm not an economist, I'm barely even a social sciences major (I focused on biological anthropology for my degree, i.e., evolution shit). Sorry for the ramble, I'm just in awe at the notes assuming I must have grown up getting an allowance when in reality we struggled to afford the basics for most of my childhood.

Yeah this finance discussion is making many people very very upset. You should see the ask I deleted. But that makes it all the more important imo.

[otherwaybabe]

i'm a bit confused where this idea that dan and phil are millionaires even comes from? they're obviously well off but youtube doesn't pay that much for even successful youtubers? you would have to get mr b***t levels of subscribers and views consistently to get that amount (as far as i know, unless there's something i don't understand about youtube revenue). plus they've talked about losing money on projects and tours along with getting demonetized. i'm assuming the discourse is surrounding patreon and the recent video, but they just talked about patreon being a big help due to that demonetization and the hotel was free. sorry for the long ask just think its an interesting conversation

Most people don't understand that social media is part of the gig economy. They also don't get that Dan and Phil literally use their savings for every tour. Anyone who only sees poverty and the ultra wealthy, just will never understand it, I fear.

And don't apologize, I'm perfectly fine with being known as the phinance account lol.

[prnlive]

This is from The Progressive Commentary Hour, Hosted by Gary Null featuring Edward Dowd, a Founding Partner of Phinance Technologies! To listen to more, click the link below!

https://progressivecommentaryhour.podbean.com/e/the-progressive-commentary-hour-111522/

The Progressive Commentary Hour - 11.15.22

Edward Dowd is a founding partner of Phinance Technologies, an international macro-alternative investment firm. He has specialized in analyz

This is from The Progressive Commentary Hour, Hosted by Gary Null featuring Edward Dowd, a Founding Partner of Phinance Technologies! To listen to more, click the link below!

https://progressivecommentaryhour.podbean.com/e/the-progressive-commentary-hour-111522/