The $10,000 Mistake YouTubers Are Making: MilX Reveals Hidden Financial Leaks in Creator Earnings
The findings, released as part of MilX' s 2025 Creator Finance Study, shine a light on three critical areas where creators are leaking money: freelancer payments, currency conversions, and tax compliance.
'Most creators lose money simply because they don't know better options exist. With tools like zero-fee P2P payments by MilX, they could save thousands every year.' - Paul Lekhnovsky, CEO of MilX
Freelancer Payments
Take a typical successful U.S. YouTube creator: 300,000 subscribers, 2.5 - 4 million views monthly, earning between $14,000 and $60,000 per month through AdSense, sponsorships, and memberships.
YouTubers at this level usually work with remote production teams - editors, designers, writers. MilX research shows that many pay these freelancers through PayPal, incurring:
For a creator spending $1,500/month on freelancers, that's $110-$120 in fees per month.
Currency Conversions Losses
Many creators still get paid in the wrong currency: every conversion takes 2-4%. That might not seem like much, but over time it adds up - $500 to $1,000+ a year, gone.
MilX fix: Convert once, at real-time FX rates, in the currency you actually use.
Tax Filing Errors
When you're a YouTuber, your revenue might come from multiple sources - AdSense, sponsors, affiliate links, merch, and fan support. But the IRS sees it all as taxable income.
Don't forget to:
Skipping any of these steps can lead to penalties, backup withholding, delayed payments, or even an audit.
Skipping Deductions
Not claiming business expenses can cost you even more. Here are a few examples creators often overlooked on tax returns:
Missing these deductions alone could mean paying taxes on $7,000 to over $12,000 you didn't have to.
MilX Helps Creators Keep More of Their Income
MilX is designed to help creators access their YouTube earnings faster and manage their funds more efficiently - without losing money to unnecessary fees or delays.
'The $10,000 mistake is 100% preventable,' said Paul. 'We built MilX so creators can stop leaking cash and start building wealth.'
MilX Co-founder Paul Lekhnovsky will attend the Europe 2025 FinTech Awards in London on July 3, where the company is a finalist in two categories: Startup of the Year and Disruptor of the Year.
Contact InformationMedia Contact
SOURCE: MilX
press release
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
South Korea trade minister to leave for U.S. on Friday as tariff deadline looms
SEOUL (Reuters) -South Korea's Trade Minister Yeo Han-koo will leave for the United States on Friday for tariff talks, just days ahead of the July 9 deadline when U.S. tariffs could rise sharply. Yeo said he would consider requesting an extension of the reciprocal tariff pause, depending on the progress of negotiations with U.S. officials. South Korea has sought exemptions from U.S. President Donald Trump's punishing tariffs on imports of automobiles and steel products, as well as a 25% "reciprocal" levy on the Asian ally currently paused for negotiations. Washington is demanding better access to the agriculture and car sectors, and improved market access and non-discriminatory treatment in the digital sector, Yeo told a parliamentary hearing on Friday. "The government will respond flexibly by taking into account the level of the U.S. demands and domestic political security sensitivities," he said. Asked about whether South Korea could meet the July 9 deadline, Yeo said the substance of negotiations mattered more than the deadline. Yeo said he would ask the U.S. to take time and accelerate talks to reach a "win-win" deal.
Yahoo
20 minutes ago
- Yahoo
Prediction: This Growth Stock Will Skyrocket in the Second Half of 2025
Micron Technology has clocked impressive gains so far in 2025, and it looks set to fly higher in the second half of the year as well. The company's latest quarterly results make it clear that it is benefiting big time from fast-growing demand for memory chips used in various applications. Micron's solid growth potential and attractive valuation make the stock a no-brainer buy right now, considering the potential upside it could deliver. 10 stocks we like better than Micron Technology › Memory specialist Micron Technology (NASDAQ: MU) has been delivering terrific growth in recent quarters thanks to booming demand for its chips deployed in data centers, smartphones, and personal computers (PCs), which explains why the stock has clocked solid gains of 46% so far this year. Micron released its fiscal 2025 third-quarter results (for the three months ended May 29) on June 25. A closer look at the company's numbers and guidance suggests that its rally is here to stay in the second half of the year. Let's look at the reasons why investors can expect Micron stock to deliver more upside for the rest of the year as well. Micron's fiscal Q3 revenue shot up 37% year over year to $9.3 billion, while its adjusted earnings more than tripled to $1.91 per share. The numbers crushed Wall Street's expectations of $1.60 per share in earnings on revenue of $8.86 billion. Micron CEO Sanjay Mehrotra remarked on the latest earnings conference call that its data center revenue more than doubled from the year-ago period and hit record levels last quarter. This terrific growth was driven by the healthy demand for Micron's high-bandwidth memory (HBM) chips that are integrated with AI accelerators from the likes of Nvidia and AMD. Micron management points out that it is shipping its HBM chips in high volumes to four customers right now, who are integrating them with both graphics cards and custom AI processors. Importantly, Micron is not resting on its laurels and is focused on further improving the performance of its HBM chips. The company claims its next-generation HBM4 chips, which will succeed the HBM3E offerings, will pack 60% more performance while reducing power consumption by 20%. The company has already provided samples of HBM4 to customers and expects to start the volume production of this product in 2026. Micron's focus on pushing the envelope on the product development front is the right thing to do, considering that the HBM market is set to take off impressively in the long run. Bloomberg Intelligence estimates that the HBM market could generate annual revenue of $130 billion by 2030. That would be a huge jump over the $4 billion revenue this segment clocked in 2023. Micron, therefore, still has massive room for growth in this segment, both in the short and long run. The strong momentum provided by the HBM business tells us why the company's guidance for the current quarter points toward another solid increase in its top and bottom lines. Micron has guided for $10.7 billion in revenue for the fiscal fourth quarter, which would be a 38% increase over the prior-year period. That would be a slight improvement over the revenue growth it reported in the previous quarter. Meanwhile, Micron's forecast of $2.50 per share in earnings for the current quarter suggests its bottom line will more than double from the year-ago period's reading of $1.18 per share. The stronger growth in Micron's earnings can be attributed to a favorable memory pricing environment. Memory manufacturers such as Micron have been increasing the prices of chips on account of solid HBM demand and supply constraints. According to TrendForce, the average price of dynamic random access memory (DRAM) chips increased in the range of 3% to 8% in the second quarter, owing to an increase in sales of HBM, along with an improvement in the demand for mobile and consumer-oriented DRAM chips. Looking ahead, Micron management estimates that adoption of AI-enabled personal computers (PCs) and smartphones will contribute to the company's growth in the coming quarters. So Micron's catalysts are likely to get stronger as the year progresses, and that could pave the way for more upside in the second half of 2025 and beyond. We have already seen how rapidly Micron's revenue and earnings are growing. However, the company's valuation suggests that it is extremely undervalued, considering the phenomenal growth it's been clocking. Micron has a trailing price-to-earnings ratio of 22, while the forward earnings multiple is even more attractive at 11. The company is on track to end the current fiscal year with adjusted earnings of $7.76 per share (based on its guidance of $2.50 per share for fiscal Q4 and cumulative earnings of $5.26 per share in the first three quarters of the year). That would be a huge increase over its fiscal 2024 earnings of $1.30 per share. What's more, analysts are expecting a 54% spike in Micron's earnings in the next fiscal year to $12.05 per share. If the stock maintains its trailing earnings multiple of 23 after a year, its stock price could hit $265. That would be more than double current levels. As such, Micron's latest quarterly results should give its rally a nice shot in the arm in the second half of the year, as the market could reward its terrific growth with a richer valuation, while the projected earnings growth for the next fiscal year indicates that it could continue soaring in 2026 as well. Before you buy stock in Micron Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Micron Technology wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Prediction: This Growth Stock Will Skyrocket in the Second Half of 2025 was originally published by The Motley Fool
Digital Trends
25 minutes ago
- Digital Trends
Wybot robotic pool cleaners are on sale — up to 43% off
For a no-fuss way of maintaining the cleanliness of your swimming pool, you're going to want to invest in a robotic pool cleaner. Wybot is an excellent brand in this space, and it's a great time to buy one of its devices because it has its own Prime Day deals ahead of Amazon's Prime Day. You'll be able to enjoy discounts of up to more than 40% in the ongoing sale, but you're going to have to hurry as the offers will only be available until July 11. You can check out all of the Wybot robotic pool cleaners that are on sale through the link below, but if you want recommendations, we've also highlighted our three favorite offers. Time is running out on the potential savings, so don't waste any more time and make your decision on which one to purchase as soon as you can. See Deals — Wybot C1 Pro — $470 $760 38% off The Wybot C1 Pro is designed to effortlessly keep your pool clean. It's compatible with all pool shapes and surfaces, and is capable of cleaning areas of up to 1,615 square feet with up to 150 minutes of runtime on a single charge. You can choose from different cleaning modes through the Wybot app or through its top-bar mode switch, and you can also specify the frequency of its cleaning sessions. It also has an intelligent self-parking system for hassle-free retrieval. You can get the Wybot C1 Pro at 38% off if you use the code wybotc1prosale upon checkout, for $290 in savings. Buy Now — Wybot M1 — $1,000 $1,240 19% off For a robotic pool cleaner that can cover medium to large pools, you can't go wrong with the Wybot M1, which is currently available with a $240 discount, or 19% off. It can clean areas of up to 4,305 square feet with its runtime of up to 300 minutes on a full battery, and it can deal with any pool shape and surface. With six path-planning algorithms and seven cleaning modes, every nook and cranny of your pool will be sparkling, and once it's done, its automatic self-parking system means you won't have to worry about retrieving it yourself. The Wybot M1 also has a dual filtration system that captures debris, and app controls that include a cycle timer. Buy Now — Wybot M2 — $1,300 $2,300 43% off The Wybot M2 is powered by the industry-first AI Debris Detective technology, which uses a smart camera with AI-powered debris detection for faster cleaning when Dirt Hunting Mode is activated, and a 120W brushless motor for powerful suction. The companion app will let you schedule cleanings, provide directions, and choose between seven cleaning modes and seven cleaning paths remotely. The Wybot M2 can clean pools up to 4,305 square feet in size with its battery that can last up to 300 minutes from a single charge, and it dual filtration system captures both large and fine particles. You can currently buy it for nearly half-price after a 43% discount, which is equivalent to savings of $1,000. Buy Now —
