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(CNBC)   It's Monday, time for another ad on CNBC posing as an article. This one is from a 35 year old mother who claims to make $240,000 a month working four hours a day   (cnbc.com) divider line
    More: Unlikely, Photography, Wedding, Entrepreneurship, Facebook, Education, Blog, Adobe InDesign, Skill  
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933 clicks; posted to Business » on 06 Feb 2023 at 12:20 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



41 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2023-02-06 12:27:47 PM  
Sounds like an advertisement.
 
2023-02-06 12:35:37 PM  
Someone got passionate about something and opened their own business and did well, good for them.

But that's not, under any definition, a side-hustle.  Nor is that only 4 hours a day of work.  Running (and especially starting your own business) is very hard work and very long hours.

/And I'd like to see how they somehow manage 230k a MONTH in revenue... for a photography business that only does 4 weddings a year?  Yeah, that doesn't add up at all.
 
2023-02-06 12:39:26 PM  
I always wonder on these adverticals if they check the financial claims of the protagonist. Obviously they can't check the "I only work 4 hours!" claim, but how does one even believe the financial statement?

So much of success in this country is the appearance of success. I would think there's  a lot of incentive to appear wildly successful so you can attract interest from hangers on, the true way to skyrocket in earnings.
 
2023-02-06 12:40:33 PM  
Only Fans?
 
2023-02-06 12:50:16 PM  
Yeah, but not everyone can take a giraffe cock up the pooper, Katelyn [sic].
 
2023-02-06 12:56:16 PM  
Dear CNBC Letters,

I never thought it would happen to a guy like me, but there I was...
 
2023-02-06 12:57:43 PM  

Qellaqan: I always wonder on these adverticals if they check the financial claims of the protagonist. Obviously they can't check the "I only work 4 hours!" claim, but how does one even believe the financial statement?


A lot of times you're only hearing part of the story. Like a gambler that tells you about a big win. Yeah, how much did you lose to get that win? What's your overall net? And in these articles: are we talking revenues or profits? Are there non-cash transactions that boost the numbers? Is there something temporarily skewing the numbers? I could go on...

I've run businesses and know plenty of people that run small businesses and if it "sounds too good to be true", it's because it is.
 
2023-02-06 12:58:19 PM  
Remember when these were confined to the comments section no one read on the local news website?
 
2023-02-06 1:04:55 PM  

jake3988: I'd like to see how they somehow manage 230k a MONTH in revenue... for a photography business that only does 4 weddings a year?  Yeah, that doesn't add up at all.


Asked

Gergesa: Only Fans?


Answered
 
2023-02-06 1:08:50 PM  
This is an ad. She's a wedding photographer in Virginia selling "educational courses."
 
2023-02-06 1:08:58 PM  

jake3988: /And I'd like to see how they somehow manage 230k a MONTH in revenue... for a photography business that only does 4 weddings a year?  Yeah, that doesn't add up at all.


Every single (each and every) one of these claims about people getting rich in this way --- they are selling videos to teach others how to become rich. In this case it is a $400 photography course (video series). People think they will spend $400 and then they will know how to take great pictures and their wedding business will blossom [and they will financially profit]. Of course people should be free to improve themselves. But they should also know that every one of these "100k per month" income people---they don't do the actual job. They all get rich selling the dream of the job. She only does 4 weddings a year because even charging 5k like some do for weddings, it's not nearly as scalable as "buy my video to get rich".
 
2023-02-06 1:27:15 PM  
Her husband makes more, right?

coconinodemocrats.orgView Full Size
 
2023-02-06 1:27:24 PM  

FormlessOne: This is an ad. She's a wedding photographer in Virginia selling "educational courses."


I think she places this same ad on CNBC at least once a year.
 
2023-02-06 1:30:18 PM  

jake3988: Someone got passionate about something and opened their own business and did well, good for them.

But that's not, under any definition, a side-hustle.  Nor is that only 4 hours a day of work.  Running (and especially starting your own business) is very hard work and very long hours.

/And I'd like to see how they somehow manage 230k a MONTH in revenue... for a photography business that only does 4 weddings a year?  Yeah, that doesn't add up at all.


Lies...
Damned Lies!
And Cop math.

/Also CNBC
 
2023-02-06 1:40:46 PM  
In 2008, she was charging 750 for 6 hours, plus some editing?  And she thinks that's low?

That was probably just above average when we were pricing out photographers, and we were married in 2013.

I thought at first, maybe it's a cost of living thing, but Richmond is a slightly lower cost of living than my city.
 
2023-02-06 1:42:58 PM  

Gergesa: Only Fans?


...of her husband.
 
2023-02-06 1:58:45 PM  
Propaganda to stop the guillotines
 
2023-02-06 2:01:29 PM  

cyberspacedout: Her husband makes more, right?

[coconinodemocrats.org image 850x560]


fun fact:  the single mom would need to have $1M invested at 3.5% to have that kind of return
 
2023-02-06 2:04:49 PM  
There is an Insta influencer on my feed that has a similar hustle but is quite honest about how much time she needs to feed the Content Monster.

/ I think she's taking a short break right now
 
2023-02-06 2:06:19 PM  

iamskibibitz: Qellaqan: I always wonder on these adverticals if they check the financial claims of the protagonist. Obviously they can't check the "I only work 4 hours!" claim, but how does one even believe the financial statement?

A lot of times you're only hearing part of the story. Like a gambler that tells you about a big win. Yeah, how much did you lose to get that win? What's your overall net? And in these articles: are we talking revenues or profits? Are there non-cash transactions that boost the numbers? Is there something temporarily skewing the numbers? I could go on...

I've run businesses and know plenty of people that run small businesses and if it "sounds too good to be true", it's because it is.


Every single person I've ever heard make such claims are either ...

1 - People who are trying to get money from me; so I can also not work, so they can tell me the secret, so I will subscribe to their YouTube channel....

2 - People who I know are full of it.

I have a cousin who brags about how little he works and how much he makes. He's actually very broke, and it's clearly him just being insecure.
 
2023-02-06 2:11:49 PM  

squegeebooo: In 2008, she was charging 750 for 6 hours, plus some editing?  And she thinks that's low?

That was probably just above average when we were pricing out photographers, and we were married in 2013.

I thought at first, maybe it's a cost of living thing, but Richmond is a slightly lower cost of living than my city.


Yeah, it's missing a zero, but as she was new and surely crap at it, it sorry of makes sense. But a real pro will easily cost you $5k++

My wife runs her own business photographing architecture. You can make a living from it if you're dedicated and savvy. It's not for everyone.
 
2023-02-06 2:49:47 PM  
I've seen this movie before
Fark user imageView Full Size
 
2023-02-06 2:55:10 PM  
Her side-hustle takes up 25 hours of her day.
 
2023-02-06 3:03:59 PM  
Thanks for making sure to post it then, subby!!
 
2023-02-06 3:08:25 PM  
In 2022, we brought in $240,000 a month in revenue - 80% of which I put back into the business.

I mean, paying the CEO and CFO $192,000 a month is technically putting it back into the business.
 
2023-02-06 3:53:21 PM  
Money laundering from human trafficking?
 
2023-02-06 4:03:52 PM  
I mean, is the photography course good? People can probably learn valuable stuff and if you're serious about it (either as a hobbyist or a professional) it might be worth $400 to thousands of people. I'm not going to assume it's a scam.

Of course, that also means it has zero relevance to the average reader. "Step 1. Be an excellent photographer with tons of practical advice to share." Well, sure, if you master Step 1 you can be a millionaire, what else is new.
 
2023-02-06 4:14:45 PM  
Headline: This 35-year-old built a side hustle that brings in $230,000/month in passive income: 'I only work 4 hours a day'

If you're working 4 hours a day, or working at all, it aint "passive income." It aint even close.

Passive income is earning money doing zero work, such as collecting dividends from stock, royalty checks from a book or song you wrote, etc.

Having rental properties is only passive income if someone else is doing all of the property management, handling the finances, etc.
 
2023-02-06 4:17:35 PM  

squegeebooo: In 2008, she was charging 750 for 6 hours, plus some editing?  And she thinks that's low?

That was probably just above average when we were pricing out photographers, and we were married in 2013.

I thought at first, maybe it's a cost of living thing, but Richmond is a slightly lower cost of living than my city.


As with all skill trades, you aren't paying for the six hours, you are paying for the many hours before that. also as a former semi-serious photographer, I never spent less time editing than I did shooting. I could produce good photographs with minimal editing; knowing how to edit for improvement was half the skill set.

But with the above said, the value is what folks will pay. $750 is not high for a talented photographer, though.
 
2023-02-06 4:18:31 PM  

iamskibibitz: Qellaqan: I always wonder on these adverticals if they check the financial claims of the protagonist. Obviously they can't check the "I only work 4 hours!" claim, but how does one even believe the financial statement?

A lot of times you're only hearing part of the story. Like a gambler that tells you about a big win. Yeah, how much did you lose to get that win? What's your overall net? And in these articles: are we talking revenues or profits? Are there non-cash transactions that boost the numbers? Is there something temporarily skewing the numbers? I could go on...

I've run businesses and know plenty of people that run small businesses and if it "sounds too good to be true", it's because it is.


Survivor bias. It's everywhere, from successful authors to those that beat cancer. We don't tell the stories of the failures nearly so often.
 
2023-02-06 4:20:56 PM  

Marcos P: I've seen this movie before
[Fark user image image 320x240]


Family Guy: Asian Infomercial
Youtube 5ysMt_9JnyI
 
2023-02-06 4:21:55 PM  

jake3988: Someone got passionate about something and opened their own business and did well, good for them.

But that's not, under any definition, a side-hustle.  Nor is that only 4 hours a day of work.  Running (and especially starting your own business) is very hard work and very long hours.

/And I'd like to see how they somehow manage 230k a MONTH in revenue... for a photography business that only does 4 weddings a year?  Yeah, that doesn't add up at all.


Well, it's a sidehustle because CNBC wants to convince everyone that the low wages people earn are perfectly okay. If you're not making enough, it's because you're not sidehustling. Look at these people.
 
2023-02-06 4:38:56 PM  
All these people living in poverty when they could just make $200,000 in passive income per month.

It's so easy.

They're just lazy.

Case closed.
 
2023-02-06 4:55:57 PM  
4 hours huh? That's about what I put in a day working full time.
 
2023-02-06 7:11:42 PM  
Seems to be the new trend from these self made millionaires: making online courses and programs to make passive income. At least it's more legit than HODL or your first investment property with a "loan" from mom and dad?
 
2023-02-06 7:31:26 PM  

jake3988: Someone got passionate about something and opened their own business and did well, good for them.

But that's not, under any definition, a side-hustle.  Nor is that only 4 hours a day of work.  Running (and especially starting your own business) is very hard work and very long hours.

/And I'd like to see how they somehow manage 230k a MONTH in revenue... for a photography business that only does 4 weddings a year?  Yeah, that doesn't add up at all.


It's very easy work once your business is big enough that you can hire other people to manage 98% of everything. She's CEO but if she's working 4 hours a week, that means the people she's hired are doing most of the work.
 
2023-02-06 8:35:36 PM  

proteus_b: jake3988: /And I'd like to see how they somehow manage 230k a MONTH in revenue... for a photography business that only does 4 weddings a year?  Yeah, that doesn't add up at all.

Every single (each and every) one of these claims about people getting rich in this way --- they are selling videos to teach others how to become rich. In this case it is a $400 photography course (video series). People think they will spend $400 and then they will know how to take great pictures and their wedding business will blossom [and they will financially profit]. Of course people should be free to improve themselves. But they should also know that every one of these "100k per month" income people---they don't do the actual job. They all get rich selling the dream of the job. She only does 4 weddings a year because even charging 5k like some do for weddings, it's not nearly as scalable as "buy my video to get rich".


You don't make money by mining for gold, but instead by selling the supplies to all the fools trying to hit it big
 
2023-02-06 8:59:55 PM  

Marcos P: I've seen this movie before
[Fark user image 320x240]


Fark user imageView Full Size


Sex sells...and they could never pin a crime on him. America, what a country!
 
2023-02-06 9:42:44 PM  

squegeebooo: In 2008, she was charging 750 for 6 hours, plus some editing?  And she thinks that's low?

That was probably just above average when we were pricing out photographers, and we were married in 2013.

I thought at first, maybe it's a cost of living thing, but Richmond is a slightly lower cost of living than my city.


Remember, that's 6 hos of shooting, followed by post...LOTS of post. And then making up the books, placing the orders, etc. Wedding photography is a hard way to get rich. Which is why mof her income comes from online courses and materials.
 
2023-02-06 10:30:49 PM  

Flowery Twats: squegeebooo: In 2008, she was charging 750 for 6 hours, plus some editing?  And she thinks that's low?

That was probably just above average when we were pricing out photographers, and we were married in 2013.

I thought at first, maybe it's a cost of living thing, but Richmond is a slightly lower cost of living than my city.

Remember, that's 6 hos of shooting, followed by post...LOTS of post. And then making up the books, placing the orders, etc. Wedding photography is a hard way to get rich. Which is why mof her income comes from online courses and materials.


they are called "bridesmaids"...
 
2023-02-07 9:28:37 AM  

Hyjamon: Flowery Twats: squegeebooo: In 2008, she was charging 750 for 6 hours, plus some editing?  And she thinks that's low?

That was probably just above average when we were pricing out photographers, and we were married in 2013.

I thought at first, maybe it's a cost of living thing, but Richmond is a slightly lower cost of living than my city.

Remember, that's 6 hos of shooting, followed by post...LOTS of post. And then making up the books, placing the orders, etc. Wedding photography is a hard way to get rich. Which is why mof her income comes from online courses and materials.

they are called "bridesmaids"...


I *hate* screen keyboards...:-)

I give her and her husband credit for building and running their own businesses, but it's not a cakewalk, and wedding photography is full of interpersonal minefields, and a hard way to make a living. Mothers of the bride can be...somewhat difficult...to deal with.
 
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