Today we’d like to introduce you to Michael Mitchell.
Hi Michael, so excited to have you on the platform. So before we get into questions about your work-life, maybe you can bring our readers up to speed on your story and how you got to where you are today?
I started DollarMike as a hobby and personal way for me to help others. In the beginning I never looked at it as a brand or business, but just me making Youtube videos online showing others possible new ways of saving money. That would involve basic savings tips like apps I used to help me save, the places where I’d store my savings and how to save for short- or long-term goals. I then found inspiration from other Youtubers who had channels based around credit cards, so I learned more on them and started to teach that on the channel. I got into more side hustles to earn me more money, so I’d share that on the channel as well. As time went on personal finance, not just saving money was the focus on the channel so that’s what it came to be to this date. Saving, investing, budgeting, credit and more all in one place.
Would you say it’s been a smooth road, and if not what are some of the biggest challenges you’ve faced along the way?
I feel as though this is always a great question to ask. The road has been far from smooth, but honestly, I wouldn’t expect it to be. If we go on social media, we can see this idea of entrepreneurship everywhere. We see extremely “successful people” that have nothing but time and money to live their best lives. This may be the case for some or all of them, but I can almost guarantee that level of success did not come without plenty of sacrifice. There is no guidebook if you’re going at it alone, just uncharted territory. I can’t speak on anyone else’s experiences, but for me most of my struggles have resulted in better content for my viewers. A key to remember is discipline and consistency especially for YouTube. I remember people asking why’d setup, record, edit, and upload just for people to watch for free, this took hours of my time weekly still to this day. Of course, learning everything was its own process, but hey everything you need at least on a beginner’s basis is free on Youtube.
Can you tell our readers more about what you do and what you think sets you apart from others?
As I mentioned before DollarMike began as a hobby really and turned into a business. Of course, I still mainly focus most of my time to the YouTube channel as that is the core, but this year I wanted to expand so I ended up getting my LLC. In late 2020, I started making money from my YouTube videos. Not much as all and still not to a point consistently where I could live off my YouTube income solely but nonetheless it’s amazing to see my hard work pay off. I started the channel in January of 2019, so it was over a full year of uploading videos before I received any income from YouTube. Next year on top of the videos, I plan to build more of the business out with consultations to help people set up their investment accounts, build portfolios and other business ventures which I have yet to announce. I’m honestly most proud of my growth and reach from 0 subscribers to nearly 15,000 subscribers today. In 2021 alone, I had over 580,000 views across all my videos and nearly 3 million minutes where people watched my content. I still try to provide plenty of service to everyone for free through comments on YouTube and direct messages on Instagram. This sets me apart from others as I try to help anyone on a personal level as well as I can no matter what.
Do you have any advice for those just starting out?
As far as advice I’d say:
– exercise patience, discipline and consistency
– you must believe in yourself before anyone else will believe in you
– don’t try to be perfect, you’ll learn to get better as you go
– just start. Don’t put things off just believe you might not have everything you want or need right now
– always be willing to learn and be coachable. If you run into a mentor along the way the best you can do is learn from someone who’s already done it
When I first started, I tried to be someone I’m not. If you go back and watch those videos from what I upload now, you’ll be able to tell. The only thing I wish when first starting was not starting sooner. Everything else has been a building block to help me reach higher highs.
- Email: firstname.lastname@example.org
- Website: www.dollarmike.co
- Instagram: www.instagram.com/dollarmikeyt
- Youtube: www.youtube.com/DollarMike
Headshot photograph shot by Bria Sterling, @b,sterling__ on Instagram www.bsterlingphotography.com