03-07-2025
The $10,000 Mistake YouTubers Are Making: MilX Reveals Hidden Financial Leaks in Creator Earnings
CLAYMONT, DE / ACCESS Newswire / July 3, 2025 / New research from MilX, a fast-growing fintech platform for creators, has uncovered a costly trend among U.S.-based YouTubers: avoidable financial mistakes are causing creators to lose up to $10,000 per
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.
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SOURCE: MilX
press release
