This is the video I look forward to the most on your main channel every single year! I love seeing how open you are but also seeing how possible (and realistic) it is to grow a business as a creative! Thank you for sharing 🤟🏻
Thank you for sharing all this with such honesty and integrity. It truly does help people like myself understand what is possible as an artist, and having that perspective inspires others not only to follow their dreams, but also to understand the importance of financial education. Much love, brother! 🙌🏻
These are some of the videos I’ve appreciated of yours most over the last 4 years that I’ve been following. Thanks for always brining so much value! I walk away from these videos SO motivated.
Smart man with smart financial advice. I could learn a lot from this. Would definitely love to sit and talk about this type of stuff for a while and figure out what would work well for me
THANK YOU ERIC for doing these videos every year! They are incredibly inspiring and one of my favorite formats that you do. I also have a 2019 Toyota RAV4 and love it.
Love the transparency, it really does help to know what the cost, and actual numbers look like. Its been kinda rare to have this kind of talk with the other local photographers & videographers (Mostly because my network isn't where it needs to be yet) . I sincerely appreciate this as someone who has been a part time freelancer for five years and trying to transition into a full time career with a camera. Thank you
I always love these videos! As a photographer and entrepreneur it’s great to see what’s possible and the different paths you’ve taken to get where you are.
Just came across your TH-cam yesterday as I was searching becoming a photographer. Awesome videos love how transparent you are! I’ll be watching your videos to learn a bit from you! Thanks Eric! God bless
love these personal finance update videos. perhaps you may not want to get into this since its not your focus at all for this content but would also be super curious to know what your annual expenses/spend is for a big family living in chicago. curious if you're a high spender since it just takes that much $ to support a bigger fam in general, or are you pretty frugal? a breakdown would be super cool like housing/groceries/childcare/travel/entertainment etc...! just a thought or if you want to address it would be super cool to hear how you're making it all work with your income and current (growing) net worth. i realize this may not be your lane to get to personal financey on the matter though. kudos to you man. 15k/month take home is really amazing. to be making 180k net for you and your fam. obviously covering all your annual expenses and having money leftover for fun and investments. you said you plan to work for 25-30 more years - no desire to try and retire early it sounds like? i respect that. im not an entreprenuer so i just want to get out of the rat race myself early haha (hoping in my 40s)
thank you Eric for this... I am aspiring Kenyan Creative and I have always struggled with the business aspect of my Creative life. But with this I have some ideas about the possibilities ahead
Hey Eric, fellow runner and dad of 4 here! I got introduced to you through your running content and discovered this channel shortly after! This is a really nice breakdown! Do you see yourself keeping the rental condo long-term? From my experience it seems like the taxes can come back to bite when selling (accounting for capital gains and depreciation recapture, yuck). You mentioned wanting to invest in a short-term rental down the road, so maybe sell the condo and do a 1031 exchange to buy the new property and avoid some taxes? We are in a similar situation on our end, so these are the type of questions/ideas my wife and I are kicking around.
Always appreciate these updates and your humility around them. Thank you for sharing! On the YT income segment: I’d love to hear more about how you project (dream?) for steady growth on those fronts. I’d love to take this platform seriously as a side revenue stream one day but it’s daunting to consider lining things up for regular income. Probably a bit off the topic here but any additional thoughts in that category would likely help a lot of us get unstuck. ‘Preciate you, sir.
Love this! So much noise on socials making it seem that making millions every month is what everyone should be doing. Nice to see it stripped back, and show that you can live a great life as an entrepreneur, with a thriving business, multiple properties, and diverse investments on the side, without needing millions to do it
“That which is measured improves. That which is measured and reported improves exponentially.” I check my assets and liabilities about once a quarter and it's been the best thing for seeing where our finances are. Love these videos! Keep them coming.
So true! It's so good to keep your finger on the pulse of it all, allowing it to dictate your moves. If you don't, you can just wonder aimlessly, indefinitely.
Hello, i am 25 years old i have a backround in retouching in a very harsh enviroment (budoir skin retouching) with hundreds of hours of editing in photoshop, i plan on starting photogrpahy as well, do i still have a chance at 25?
For business, I can justify it if I know it will increase revenue or save me time. Personally, we have to always balance if it will improve our lives/others' lives or give us/others joy & memories. Otherwise, if it doesn't help on improving or bringing joy/memories, I have a hard time making the purchase.
I asked a photographer where to start what should I buy a simple camera should I start they say it doesn’t matter and I remember the best video you ever made in my opinion every TH-camr in 2021 😂😂 so give me your advice where to start
These are really cool videos that I wish more people did. Money shouldn't be a weird thing people can't talk about. Understanding how money works and having benchmarks and transparency goes a long way in helping people along the way in their own journeys. The m6 through the video may have been a bit much though LOL jk
Really appreciate you saying this. Every year I feel more and more uncomfortable with it, but I know that I have benefited so much from videos like this, so I want to do the same for others. I also think that transparency in finance is so beneficial for everyone.
@@EricFloberg I haven't seen all the others so maybe you covered it there, but a companion video on how you chunked out money for all of these goals could be could for people. Idk if it needs to be a main channel thing or anything, but just spit balling ideas. This stuff is helpful but I know when I started my own financial journey seeing this stuff got me interested, but I was super overwhelmed by seeing some stuff like this. It can be helpful to chunk it down into understandable stepping stones. All with the caveat of "This is not financial advice" of course haha.
What a weird topic for a video. I understand this is supposed to support people following their creative endeavours but results may vary and the economy we live in now is drastically different from what we had pre-Covid. Second, I’m not your bank.
Fair! For what it's worth, I make this video every year as an update, and it started on me watching other people share their incomes, and that fueled me to be where I'm at now. I'm hopeful that it does the same for other people. Totally understand that Covid messed a lot of things up and the amount of inflation has changed so much of everything. I hope you and everyone watching stays motivated and keeps working hard to see their goals to fruition. Thanks for watching!!
I can understand your sentiment, but at least for this channel Eric has been pretty transparent with his finances..he makes a video like this every year to show how it’s grown and to kind of debunk some myths that some people have about entrepreneurship. I find these videos really important and inspiring. It is a hard market sometimes but I appreciate transparency like thsi
this isn't a weird video at all. he's an entreprenuer sharing his personal finances to motivate/inspire others and show whats possible. of course results may vary, everyone is unique. it just shows the art of the possible which is very cool and insightful. your comment is what's a bit weird tbh lol
This is the video I look forward to the most on your main channel every single year! I love seeing how open you are but also seeing how possible (and realistic) it is to grow a business as a creative! Thank you for sharing 🤟🏻
I think the end of the video should show the progression of all your finances charted out over the years. I'd find that super interesting.
Thank you for sharing all this with such honesty and integrity. It truly does help people like myself understand what is possible as an artist, and having that perspective inspires others not only to follow their dreams, but also to understand the importance of financial education. Much love, brother! 🙌🏻
I'm 17 and want to do what you do, I'm so inspired by you man
The evolution of the Floberg hairstyle needs to be studied
Ha!
It’s so wild how different a person can look just from a hair cut! (I love all the haircuts and don’t mean this in a critical way)
These are some of the videos I’ve appreciated of yours most over the last 4 years that I’ve been following. Thanks for always brining so much value! I walk away from these videos SO motivated.
So good to hear!! Thanks for always tuning in!
Smart man with smart financial advice. I could learn a lot from this. Would definitely love to sit and talk about this type of stuff for a while and figure out what would work well for me
Oh you know I'm always down to have that chat!!
THANK YOU ERIC for doing these videos every year! They are incredibly inspiring and one of my favorite formats that you do. I also have a 2019 Toyota RAV4 and love it.
Love the transparency, it really does help to know what the cost, and actual numbers look like. Its been kinda rare to have this kind of talk with the other local photographers & videographers (Mostly because my network isn't where it needs to be yet) .
I sincerely appreciate this as someone who has been a part time freelancer for five years and trying to transition into a full time career with a camera. Thank you
I always love these videos! As a photographer and entrepreneur it’s great to see what’s possible and the different paths you’ve taken to get where you are.
Freaking beast. Love these videos! Love the transparency, it's so helpful for the sake of knowing what's possible!
Thanks for the constant support, homie. Keep getting after it! :)
always a fan of these, and especially knowing it’s going to supporting your amazing family ❤️
Love these videos man! Exciting to see where you are investing and why. Invaluable stuff right here!
My favorite video to watch every year! Thanks for that breakdown Erik - really insightful! :)
Thanks for watching!!
Very few people can do these videos well and with the right intention but you nailed it bro!
Just came across your TH-cam yesterday as I was searching becoming a photographer. Awesome videos love how transparent you are! I’ll be watching your videos to learn a bit from you! Thanks Eric! God bless
love these personal finance update videos. perhaps you may not want to get into this since its not your focus at all for this content but would also be super curious to know what your annual expenses/spend is for a big family living in chicago. curious if you're a high spender since it just takes that much $ to support a bigger fam in general, or are you pretty frugal? a breakdown would be super cool like housing/groceries/childcare/travel/entertainment etc...! just a thought or if you want to address it would be super cool to hear how you're making it all work with your income and current (growing) net worth. i realize this may not be your lane to get to personal financey on the matter though.
kudos to you man. 15k/month take home is really amazing. to be making 180k net for you and your fam. obviously covering all your annual expenses and having money leftover for fun and investments. you said you plan to work for 25-30 more years - no desire to try and retire early it sounds like? i respect that. im not an entreprenuer so i just want to get out of the rat race myself early haha (hoping in my 40s)
thank you Eric for this... I am aspiring Kenyan Creative and I have always struggled with the business aspect of my Creative life. But with this I have some ideas about the possibilities ahead
Hey Eric, fellow runner and dad of 4 here! I got introduced to you through your running content and discovered this channel shortly after! This is a really nice breakdown! Do you see yourself keeping the rental condo long-term? From my experience it seems like the taxes can come back to bite when selling (accounting for capital gains and depreciation recapture, yuck). You mentioned wanting to invest in a short-term rental down the road, so maybe sell the condo and do a 1031 exchange to buy the new property and avoid some taxes? We are in a similar situation on our end, so these are the type of questions/ideas my wife and I are kicking around.
Love these annual videos! Thanks for the airport video 🤝🏼
Always appreciate these updates and your humility around them. Thank you for sharing!
On the YT income segment: I’d love to hear more about how you project (dream?) for steady growth on those fronts. I’d love to take this platform seriously as a side revenue stream one day but it’s daunting to consider lining things up for regular income. Probably a bit off the topic here but any additional thoughts in that category would likely help a lot of us get unstuck. ‘Preciate you, sir.
thank you for your transparency, really appreciate it
Love this! So much noise on socials making it seem that making millions every month is what everyone should be doing. Nice to see it stripped back, and show that you can live a great life as an entrepreneur, with a thriving business, multiple properties, and diverse investments on the side, without needing millions to do it
Absolutely! Simple compounding over time, living within your means, and seeing the gains gain. Thanks for watching!
“That which is measured improves. That which is measured and reported improves exponentially.”
I check my assets and liabilities about once a quarter and it's been the best thing for seeing where our finances are. Love these videos! Keep them coming.
So true! It's so good to keep your finger on the pulse of it all, allowing it to dictate your moves. If you don't, you can just wonder aimlessly, indefinitely.
Hello, i am 25 years old i have a backround in retouching in a very harsh enviroment (budoir skin retouching) with hundreds of hours of editing in photoshop, i plan on starting photogrpahy as well, do i still have a chance at 25?
Thanks for helping us creatives dream more Eric 🙏
Eric you legend! How do you manage the multiple niches/verticals ? Such as Running vs your weddings, etc
I never miss a Flo Finance video
This is great as an aspiring filmmaker, thank you!
Absolutely love this series!!! G1M Eric!!
9% to real estate agent is insaaaane compared to uk
Love these updates.
Side note: I despise the idea of one day paying closing costs from selling the house lol
Seriously. I always cringe at the thought of that whenever we sell.
Can you share (only if you’re comfortable of course) what you make on an annual basis?
Eric, what kind of account are you putting the savings for your kids college into? Just a regular savings? Or what? Thank you!
i would guess a 529 plan
Well done!
How do you balance your money when you want to buy something? I mean... how do you decide if something is really worth it?
For business, I can justify it if I know it will increase revenue or save me time. Personally, we have to always balance if it will improve our lives/others' lives or give us/others joy & memories. Otherwise, if it doesn't help on improving or bringing joy/memories, I have a hard time making the purchase.
I asked a photographer where to start what should I buy a simple camera should I start they say it doesn’t matter
and I remember the best video you ever made in my opinion every TH-camr in 2021 😂😂 so give me your advice where to start
L O V E this set and honestly, haircut is a W.
Nice and informative video✨
Bro how you on the Bitcoin sidelines?
floberg stays goated
Hi Eric
Thanks for the video. im 22 and if there is a hint or advise to me, im glad to hear that.
Are you taxed as an S-corp?
9:27 is not going to be our money it's gonna be theirs 😂
True tho
I look up to you man
Your net worth is similar to the amount of loan my country seeks from the IMF lmao
Keep inspiring!
I'm trying to be like you fr. G
These are really cool videos that I wish more people did. Money shouldn't be a weird thing people can't talk about. Understanding how money works and having benchmarks and transparency goes a long way in helping people along the way in their own journeys. The m6 through the video may have been a bit much though LOL jk
Really appreciate you saying this. Every year I feel more and more uncomfortable with it, but I know that I have benefited so much from videos like this, so I want to do the same for others. I also think that transparency in finance is so beneficial for everyone.
@@EricFloberg I haven't seen all the others so maybe you covered it there, but a companion video on how you chunked out money for all of these goals could be could for people. Idk if it needs to be a main channel thing or anything, but just spit balling ideas. This stuff is helpful but I know when I started my own financial journey seeing this stuff got me interested, but I was super overwhelmed by seeing some stuff like this. It can be helpful to chunk it down into understandable stepping stones. All with the caveat of "This is not financial advice" of course haha.
Sad car tragedies 😢
I want to be like you one day
Eat bacon every day.
i wont tell Dave
Don’t tell Dave Ramsey 💀😂
Come back to STA 🤙🏼
What's STA?
@@EricFloberg St. Augustine!
dump all your cash into NVIDA!!!
Ok
Ok
Second
First
What a weird topic for a video. I understand this is supposed to support people following their creative endeavours but results may vary and the economy we live in now is drastically different from what we had pre-Covid. Second, I’m not your bank.
Fair! For what it's worth, I make this video every year as an update, and it started on me watching other people share their incomes, and that fueled me to be where I'm at now. I'm hopeful that it does the same for other people. Totally understand that Covid messed a lot of things up and the amount of inflation has changed so much of everything. I hope you and everyone watching stays motivated and keeps working hard to see their goals to fruition. Thanks for watching!!
I can understand your sentiment, but at least for this channel Eric has been pretty transparent with his finances..he makes a video like this every year to show how it’s grown and to kind of debunk some myths that some people have about entrepreneurship. I find these videos really important and inspiring. It is a hard market sometimes but I appreciate transparency like thsi
this isn't a weird video at all. he's an entreprenuer sharing his personal finances to motivate/inspire others and show whats possible. of course results may vary, everyone is unique. it just shows the art of the possible which is very cool and insightful. your comment is what's a bit weird tbh lol