@kevinoleary
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Күн бұрынWhen "Shark Tank" star Kevin O’Leary first heard that Elena Haskins lives in Brooklyn, New York on a $50,000 annual salary, he was skeptical. However, O’Leary was quickly impressed by how Haskins makes it work. She puts $880 per month into savings, including funds earmarked for travel, donations and gifts. Around $300 of her total savings goes into her SIMPLE IRA, which her employer matches.
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It’s smart that she’s already taking advantage of her full company match, O’Leary says: “That is like free money coming out of a helicopter to you.”
He also applauds her for setting savings goals. She puts a certain percentage away as soon as her paycheck hits her account and forces herself to live on what’s left. “If you actually have targets … you can watch it on a weekly basis or every two weeks, since you’re probably getting paid every two weeks,” he says. “The way you end up with massive credit card debt is that you don’t stay within those guidelines.”
Haskins does a good job finding free and low-cost activities throughout the city, such as baking with her neighbors and attending free events, O’Leary says. She doesn’t let New York run her budget dry.
“New York is so freaking expensive,” O’Leary emphasizes. “Of course the city wants to suck every dime they can get out of you. But at the same time, people are hip to it and they’re doing their own things.”
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Kevin O'Leary Reacts: Living On $50K A Year In Brooklyn | Millennial Money
@CNBCMakeIt 3 жыл бұрын
What’s your budget breakdown? We’re looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money: cnb.cx/32TYZ2K
@APennyPinchersGuide 3 жыл бұрын
If selected for an episode, what's the normal time frame for finding out?
@laturista1000 3 жыл бұрын
yes you gotta keep putting $100 a week to keep the stock market bubble up, so the billionaire investors and index funds can keep winning. Tesla, Facebook, Microsoft, Amazon. Bezos wins again.
@laturista1000 3 жыл бұрын
the economy is designed for the Big Sharks like Kevin. Student loans are unforgivable. A Business loan is. Matter of fact the FED encourages DEBT for Investors, since there can always be quantitative easing, quantitative tightening to steady the inflationary/deflationary pressures.
@oredaug 3 жыл бұрын
@@laturista1000 "Student loans are unforgivable" unless you're a government employee
@hippybecca 3 жыл бұрын
What age range do you consider a millenial?
@theawesimchannel9086 3 жыл бұрын
Funny how he kept scoffing at how impossible 50k is in nyc. Wonder how much his lowest paid employee in nyc makes...
@hlevin7419 3 жыл бұрын
Probably minimum wage 😂
@James_Lee 3 жыл бұрын
@bacitracin ointment This is so true and universal.
@MattSezer 3 жыл бұрын
Most people at investment firms make decent salaries, starting at well over $50k. However, staff that handles general stuff in the office like the receptionist, secretaries, the person that stocks and cleans the kitchen, etc... may make less than that.
@Tkenny35 3 жыл бұрын
You get paid according to your skill...Sorry we dont live in LA-LA land where everyone gets paid equal.
@marcomonsanto 3 жыл бұрын
I think this is a reality and kind of should be, should he be paid more because the boss is Kevin? Should we reward work because of who the boss is, or because the work the person generates deserves the reward?
@rahulpnair24 3 жыл бұрын
Engineering, engineering, engineering. When Kevin o leary sounds like an Indian parent!
@hrisikeshbhattacharya5467 3 жыл бұрын
I swear brother
@johnlee2238 3 жыл бұрын
@@Briguy288 not with that attitude
@onyinyesarah1226 3 жыл бұрын
Literally any immigrant parent
@mohsankhan9149 3 жыл бұрын
Brian if everyone became nurses, supply would increase, salary would decrease. Engineering is more difficult intellectually and you do more academically challenging things in your career.
@mohsankhan9149 3 жыл бұрын
Brian Personally I think healthcare costs are getting ridiculously out of hand. I actually think that healthcare needs to dramatically change. If there was a way to get more Nurses and Physician Assistants with some sort of “AI Doctor” it has the potential to change the system. Nurses and PAs are more hands on people do need human interaction of course, but we can leave “decision making” - diagnosis and treatment to computers. Computers are good at taking in information and with the great advances we have in Natural Language Processing and Computer Vision, I could see the doctors role being transitioned to a computer. Doctors should be used for emergency/critical service in hospitals. Having a doctor checking your temperature to tell you that you have an infection, is like a Structural Engineer being in the field watching guys pour concrete instead of calculating the load on that concrete. More doctors should move from clinical practice into research. If you’re going to go to school for so long, go and find more cures to diseases. I can’t speak for others, but I can just tell you that most Asian people I know who do medicine , do it purely for the fact that it pays you a lot of money. I really don’t like that, but that’s the truth of how it is.
@HamptonHawkeye 3 жыл бұрын
Kevin: "$50K in Brooklyn?! That's impossible!" Entry level jobs in NYC: "We beg to differ"
@poganpey2100 3 жыл бұрын
🤣
@bluestonemetallic7 3 жыл бұрын
....I remembered few years ago, that my very first entry-level job was paying around $24.5K per year living in BKYN...I was on a tight budget, careful w/ my spending, and looked for sales/deals everywhere I shopped just to save a buck or two. At the time, I managed to save around $1700 per year.
@hassu2149 3 жыл бұрын
@@bluestonemetallic7 can you give some insight on what types of things are best to save or take advantage of?
@c457jajsudbe 3 жыл бұрын
This is a lot more than I was making for my first job in Boston. Entry level jobs really don't pay crap.
@chandler5712 3 жыл бұрын
There is a reason it is called “entry level”
@meiq6812 3 жыл бұрын
Is it just me or is she doing impressively well for 23? There are 23-year-olds that are still in school. 50k seems like a great salary.
@michaelwe5884 3 жыл бұрын
NYC tho
@firstnamenicole 3 жыл бұрын
I'm a 23 year old and I'm still in school so this hurt my feelings a little LOL
@meiq6812 3 жыл бұрын
@@firstnamenicole sorry lmao. What I meant to say is that there are *many people her age still in school -- it's very normal.
@cwillfrommd 3 жыл бұрын
50 k salary in nyc is 30k in Alabama. Her rent is $900. She probably lives with 4 roommates with bunkbeds
@ytietofficial2706 3 жыл бұрын
Not for nyc
@mgh62000 3 жыл бұрын
She's very financially disciplined for her age. Props to her.
@tomkrass9937 3 жыл бұрын
I would make the caveat and say she is very financially disciplined period. It is very hard to budget that tightly, props to her!
@nyaluv143 3 жыл бұрын
All it takes is knowledge 💡
@sanderbrust 3 жыл бұрын
@@nyaluv143 and the right mindset
@lex4422 2 жыл бұрын
Even Kevin acknowledges she's smart
@vilhelmkron7455 Жыл бұрын
I mean shes asian so..
@leonlake9063 3 жыл бұрын
As a computer science graduate, It's sad to see that most of these financial experts push people towards STEM fields just to be able to pay back student loans. How about making school more affordable?
@redunicorn7760 3 жыл бұрын
@@naddarr1 this is exactly what happened in Germany with lawyers. It was once a way to making a decent living and now you can be poor with a law degree
@Beekeeper8011 3 жыл бұрын
When the government got involved to make school more affordable by giving guaranteed loans, universities responded by raising tuition and letting as many students in as possible. You can’t “make” school more affordable. The only way it would happen is if the gov stopped issuing loans and the average person didn’t attend college. (Supply and demand)
@Beekeeper8011 3 жыл бұрын
@@naddarr1 It's a cultural thing. 18 year-olds who have been under the thumbs of their parents their entire life walk onto these "country club" campuses and their eyes go wide with thoughts of all the freedom and fun they're going to have, esp. since the average 18 year old has never had a full time job before and has a limited concept of money. As for the required classes that are frivolous that's due to the lowering of standards so that more people can get in. The only antidote would be to make college the realm of the elite again, and with "muh equality" being the raison d'etre these days, that's probably never gonna happen.
@achilleconte4385 3 жыл бұрын
I think that all this "millennial money" stuff from CNBC is just bs promoted by the elites to let you feel guilty and responsible for your problems in life rather than organize and push for a change within society at large to create a fairer system.
@JESSICA90484 3 жыл бұрын
PREACH 👌🏼✨
@bobbyburches8026 3 жыл бұрын
He is completely out of touch with the reality of MANY poor people in NYC
@Neon2110 3 жыл бұрын
I know people that are living on 25k a year
@pierrehenry3483 3 жыл бұрын
Key word poor. I’m sure he would imagine a modest lifestyle would be around 250k when you consider all factors and doing it at a relatively comfortable pace.
@athoughtfulape 3 жыл бұрын
I don’t think he’s out of touch, he’s just expressing confusion. The reality is, many of us New Yorkers shouldn’t be living in New York because it makes absolutely no financial sense. You see it all the time in the comments of apartment tour videos: ‘$1800 a month for a studio?!? I could buy a mansion with that in Texas!’ We all have our reasons for being in the city, but the truth is most of us aren’t making the smartest choice by doing so, and Covid-19 has definitely shown this.
@bronxqualitybullies1313 3 жыл бұрын
Facts
@katy3901 3 жыл бұрын
Completely. Isn't the median NYC income around $50k?
@the.magic.catbus9459 3 жыл бұрын
I’ve lived on 15k in Manhattan, then 32k in Brooklyn, then 40k, then finally 50k. Because that is what NYC non-profits pay someone with a Bachelors degree in NYC. This guy is out of touch. 16 k in student loans is NOTHING
@vickmalham8191 3 жыл бұрын
Impressive gal 🙏
@joeboe3059 3 жыл бұрын
That’s your choice and you’re entitled to that. Some people want to build a nest egg though.
@the.magic.catbus9459 3 жыл бұрын
@@joeboe3059 Oh me too and I am building one. I'm just saying, it's not impossible to live on 50k a year in NYC and plenty of people in NYC live on less than that.
@nettyspeaks 3 жыл бұрын
Exactly
@abitamimbharmal1498 3 жыл бұрын
How? 15k means you are living with 8 people in a studio.
@rachelfoley7016 3 жыл бұрын
the median HOUSEHOLD income is 54k in brooklyn...
@katy3901 3 жыл бұрын
He's so out of touch. I don't like to talk bad about people, but in this video he comes across as incredibly condescending and needlessly overbearing. He seems like the kind of person who sees Ayn Rand as his hero.
@DanteFiero 3 жыл бұрын
But the average household income is around 86k
@katy3901 3 жыл бұрын
@@DanteFiero median is different from mean. In this case, with a few people earning vast, vast sums of money, median is the most accurate measurement.
@DanteFiero 3 жыл бұрын
@@katy3901 I'm aware it's different but I feel that mean is more accurate particularly in places like Brooklyn, L.A. , The Bay area etc. Millionaires and million dollar homes are not outliers in cities like these. I'm a real estate agent here in Brooklyn your income needs to be 35x or 40x your rent to get an apartment. It's just not smart for an individual to use median income to determine whether or not they can afford to live some place.
@katy3901 3 жыл бұрын
@@DanteFiero For me, I'm not assessing it based on whether they can "afford to move there". I'm saying that these are the original communities who built the city, they're being priced out by the very active process of gentrification, and they provide essential services. To blame an individual for being underpaid is completely disengenuous, and does nothing to solve any problem. Further, if (as you claim) millionaires were "not outliers", there would be very little difference between the median and the mean. There is; ergo, they are outliers.
@gavinsayles1752 3 жыл бұрын
16,000 in school loans is absolutely nothing compared to the average 4 year graduate. She seems very disciplined with how she spends her money. If she wasn't in NYC she would be totally fine, and likely will be fine in NYC too.
@crazyscarecrow8136 Жыл бұрын
It’s not just discipline. She said herself, her loans are low because she had scholarships and parental help. Moreover, her rent ($950/mo) is well below average. While discipline is important, and she is disciplined, not everybody is working with the same opportunities. Many people are able to coast their way to success, many others are hard-working and disciplined but still unable to get by.
@IluvinortheIneffable Жыл бұрын
The average amount owed after undergrad for Americans is only $15,000, according to US department of education.
@donaldlyons17 Жыл бұрын
@@crazyscarecrow8136 Right why not talk about her conditions? Do people really think her behavior alone can account for all her success? These is almost always more to it.
@PeterBilzerian 3 жыл бұрын
I'm skeptical when Kevin O'Leary says that you should only go to college for engineering.... THE MAN STUDIED PHOTOGRAPHY then went into BUSINESS to make billions 😂
@pierrehenry3483 3 жыл бұрын
He knows he was lucky and that college isn’t what it used to be. That’s called wisdom 😂
@nordiclingonberry4293 3 жыл бұрын
I was thinking the same exact thing... I'm a software engineer and it pays well but it's depressing work unless u work for Google or Microsoft
@PeterBilzerian 3 жыл бұрын
@@pierrehenry3483 I wouldn't call it luck, he's a problem solver and learned quickly how to be an entrepreneur. You should def watch his video outlining his early career, it's on YT!
@PeterBilzerian 3 жыл бұрын
@gilbert martinez I personally know Google employees and they actually love it even though it's intense work because they have great benefits/pay/growth opportunities!
@PeterBilzerian 3 жыл бұрын
@@zachlafferty823 I'm not a dev, but I'm a tech and innovation leader that works with software engineers daily and I 100% agree with this. Culture is everything, if you're not comfortable then you can't be open to learning. It's all 'bout inspiring!!
@michellependergrass2584 3 жыл бұрын
Kevin - $50k? that’s impossible! Meanwhile, she’s putting $880 a month in savings. Who’s the real financial genius here?
@cevcena6692 2 жыл бұрын
The multi-millionaire
@alia1824 Жыл бұрын
@@cevcena6692 the bald man Canadian who studied photography? Only reason he’s reich is because he stole a bank in 1978. Look it up
@starzzzy22 3 жыл бұрын
I get why he said it, but let's be real here: We can't all become engineers. Not everyone can cut it in an engineering major and there are other jobs that need to be filled.
@EmersonSalmeron 3 жыл бұрын
I think getting in debt for a low salary job is not a good idea. I’ve seen people go into 100k debt for literature and make 20k a year. Debt is expensive and only worth it when you know you’ll make more.
@CarHubTalk 3 жыл бұрын
I think he’s idea is that engineering is the safest bet for a high paying job.
@pegatrisedmice 3 жыл бұрын
I'm an engineer in Europe and make a laughably small amount of cash.
@pegatrisedmice 3 жыл бұрын
@@CarHubTalk would love to, but it's suprisingly hard to move there and find a job without connections.
@renaldoawesomesauce1654 3 жыл бұрын
Agreed but he was also joking to an extent. What he really meant to say is dont get a "social science" degree like liberal arts or something corny. Sociology comes to mind.
@LaurenCG12 3 жыл бұрын
As an unemployed engineering graduate , i feel personally attacked 🤣
@NameLastname888 3 жыл бұрын
I was just in your shoes, it gets better. If you have an eng degree you'll be fine
@Aaron-bh5cp 3 жыл бұрын
@@NameLastname888 Not if you don't have work experience.
@Eccentric-YURR 3 жыл бұрын
I dont get it though cause engineering is major high in demand
@LaurenCG12 3 жыл бұрын
@@Eccentric-YURR companies are either hit because of the pandemic, or crazy busy and don't have time to onboard. I just had a second interview for a job I applied to 6 months ago
@lul2thec 3 жыл бұрын
ever thought about management or tech consulting?
@mushy470 3 жыл бұрын
Elena: does anything Kevin: smart kid, I do that too
@maxmuller5450 3 жыл бұрын
Muskaan hahaha so underrated
@realSimoneCherie 3 жыл бұрын
Come on y’all lighten up, Kevin’s never been 22.
@amourtoujours779 3 жыл бұрын
🤣🤣🤣😂😂😂
@Shay45 3 жыл бұрын
When he was 22 it was a lot easier
@bd7852 3 жыл бұрын
🤣
@shoal2242 3 жыл бұрын
R u single simone❤????? @Simone Chèrie
@TyWerks 3 жыл бұрын
😂
@AllyseEW 3 жыл бұрын
People don't work during college to pay off loans, people work to afford to live in housing
@Person11406 3 жыл бұрын
Thank you !! It’s SO ANNOYING when people say get a part time job to pay off loans. And completely ignore HOUSING. Housing is ALREADY EXPENSIVE sucks up the money most people who can’t live at home or are going out of state make.
@LiviBurke 3 жыл бұрын
Thank you!
@angelabakloyvovtchaikovsky1609 3 жыл бұрын
Dont take out loans. Money is real hard cash
@terseandtiny1746 3 жыл бұрын
@@angelabakloyvovtchaikovsky1609 many don't have a choice. My father worked hard to pay for my undergrad at a private school but had school was on me and loans were a must for me to become an MFT which meant loans. I've 100k worth.
@inthebooks3947 2 жыл бұрын
Then work full time
@LtotheV_ 2 жыл бұрын
Love this! This is definitely something a lot of millenials and GenZers could relate to! You dont need $100k annual income to start wealth-creating habits, you get to $100k annual income BECAUSE of having wealth-creating habits! More power to you, Elena!
@JESSICA90484 3 жыл бұрын
“Buy a condo” using $75k cash flow towards a mortgage. 🤔 Mr. Kevin O’Leary, I’ve lived in the hood of the hood in Bed-Stuy. The condos are $800k-$1.2 million for a shanty, commonly. 20% down, that’s about $160k. 30 years fixed that would be $3,875/month. What a fun way to be house poor. This city makes you work multiple contracts at the same time only to stay broke. 😂😪
@saptab1344 3 жыл бұрын
I live in bed stuy now it’s crazy how prices have quadrupled over 20 years
@berksarioz969 3 жыл бұрын
Gotta live in jersey..
@jamesmilligan9496 3 жыл бұрын
Leave?
@icephoenix3565 2 жыл бұрын
Jessica are you Asian? Why do you look like the typical self hating Asian girl who only dates mayo males?
@Jnoel608 3 жыл бұрын
There are lots of people in Brooklyn making less than even 40k per year. Everyone acting so surprised when the minimum wage is $15. Unless everyone here is of a different demographic 👀
@bryanfeliciano4102 3 жыл бұрын
Makes it almost impossible to keep any of your money tho Even with 880 per month
@lazymusician10 3 жыл бұрын
At least your state's minimum wage is wayyy better than my state. My state's minimum wage is still set for $7.25/hr. But you can find jobs that pay around $15/hr but they want you to have years of experience in the job or know certain skills for years. There are also jobs that can be found that pay $8 to $14/hr but then you'll still have to take on a 2nd job cause it's not enough. Depending on where you live & if you have health issues. Any other job here that pays over $15/hr means your traveling to different cities to do the job, in the medical field, or you work for corporate for a company or possibly work for a bank, etc.
@DaftFanPunk 3 жыл бұрын
@@lazymusician10 "At least your state's minimum wage is wayyy better than my state. " the price of everything is higher as well
@nikolnolastname4473 3 жыл бұрын
@@DaftFanPunk preach 🙌
@zestydidra 3 жыл бұрын
@@lazymusician10 that sounds like PA! While I make more than the minimum wage it is still difficult with the part of the state I live reside!
@alphamoneymindset1270 3 жыл бұрын
“That’s impossible!” Frugal people have entered the chat.
@bonane2972 3 жыл бұрын
this girl is honestly one of the most financially responsible people I have ever seen in millennial money
@ariakim1868 3 жыл бұрын
Sometimes these videos make me sad because it makes me realize what position I am in compared to others. I am only 2 years younger than her but I am still in University. I don’t have a savings account or a retirement plan. I’m going to start today. I just made an appointment with Bank of America.
@KennyakaTI 3 жыл бұрын
What is your major and what will be your student loan debt when you get out of college. That's the only thing that you should be paying attention to right now
@ekxoskletr 3 жыл бұрын
I opened up a Roth IRA with Vanguard a month or two ago, made ~$40 so far
@EwYoureCringe 3 жыл бұрын
I am 23 and in a similar position and I did not have either of those things 2 years ago, and she probably did not either. These things aren’t really necessary until you start making enough to actually start saving... There is still time.
@elenahaskins3695 3 жыл бұрын
Aria, I'm the person in the video and I want to assure you I didnt have retirement or stocks etc. Until I started working. Everyone has different circumstances so don't feel bad or compare yourself. You'll figure out what's best for you. Proud and excited for you !
@hlevin7419 3 жыл бұрын
Elena Haskins so cool you are responding to comments.
@EwYoureCringe 3 жыл бұрын
Kevin: “It’s impossible to live on $50K a year in NYC” Also Kevin: “A $15 minimum wage is insanity”
@lorenzopadova9749 3 жыл бұрын
$15 minimum wage is insanity. Minimum wage shouldn’t exist.
@Realizinq 3 жыл бұрын
50k aint NYC money lmfao everyone in the world knows NYC is a desirable city, it only makes sense that it costs a lot to live there. But I agree $15 minimum wage should be nationwide, prices jus gonna go up tho but it's about time that minimum wage catches up w inflation
@kostasmoros9534 3 жыл бұрын
Two different things. Minimum wage does not lower poverty, it just adds inflation. Cost of the produced goods or service rises.
@specialk22tt 3 жыл бұрын
No one said she had to live in NYC.
@tet2122 3 жыл бұрын
##AlbanianPrince a higher minimum wage makes it harder for new workers to get a job
@alainvalladares3111 3 жыл бұрын
Dude in your the 1970s a full time job in the summer could pay for all the tuition of a year. Today, that pays for only 30% of the tuition. Having a part time job doesn’t even help that much
@bengillies2101 3 жыл бұрын
I think it can really depend on which country you are in and how motivated you are to just get it done no matter the cost. In Australia at least, I worked full time during the summer months of my uni (which was around 4 months) laying asphalt and doing concreting. I was doing roughly 12-14 hours work a day and working weekends at minimum every 2nd week. In those 4 months I paid off over half of my uni fees. The other months were mixed between part and full time during uni and inbetween semesters (Some Australian unis have a tri-semester system). After the end of that year I had covered all of my uni fees and I was already saving up to buy a car in the next 1-2 years. I didn't go anywhere and since I was working so much I didn't even have the time to spend the money. Basically the main outgoing expenses were fuel for my car and food to make for my lunch and dinner to bring to work - yes, it was a massive sacrifice, I basically became non-existent to everyone around me. In fact at one point I didn't even see/speak to my parents for a week, because I was getting up before them and coming home when they were asleep LOL I would just say to students that have the 'luxury' of living at home with their parents rent free - make the most of it! Especially those in Australia..wages are pretty good here in general and if you are willing to work hard and save properly you can get it done. Be smart about tax time and try to make the most back from what you lost in taxes. In Australia the Government subsidises a lot - even uni fees, but sadly people don't know or read into it all.
@wyattwhyte7904 3 жыл бұрын
I guess it really does depend where you live and the university you attend. I live In Canada and made enough money in 1 year working part time for my whole university tuition and I’m still going to the best university the province has to offer.
@shannonkane3728 3 жыл бұрын
I work part time and also take classes at my local community college. I dont owe a dollar to my school, and I still have money each week. It can be done.
@Duke_of_Prunes 2 жыл бұрын
In the 1970s, poor people went to state schools, often on the GI Bill. Besides, you have four years of highschool to secure scholarships and work to save up a bit of cash -- my daughter has better than $100K saved at age 16.
@Duke_of_Prunes 2 жыл бұрын
@@bengillies2101 The Government heavily subsidizes tuition in the States, and there are numerous partial and full scholarships to be had. People here are spoiled and want tax payers to fund them 100%.
@Cyphlix 3 жыл бұрын
Kevy went full boomer mode here.
@alfredoalcantar8691 3 жыл бұрын
No rich mode white liberal
@everythingisawesome2903 2 жыл бұрын
@@alfredoalcantar8691 Isn't he a conservative?
@ruffxm 2 жыл бұрын
@@alfredoalcantar8691 Ignorant dope. He’s Canadian and his political affiliation is with the Conservative party. That’s as far away from liberal as you can get. But your misdirected anger and jealousy is humorous.
@esteon8558 3 жыл бұрын
Kevin O'Leary: "You have to put away a minimum of $100 per week when you're 23." Me, a 23 year old: "...How about 10? Best I can do is 10 per week, yes." Edit: Can you guys stop giving me advise? This was supposed to be funny and relatable, I don't need your advise. Also, I'm a disabled college student. It won't work
@chamallow989 3 жыл бұрын
I’m surprised that nobody answered ! It’s okay if you can’t save more. If you save 10-20 pounds a week, it’s between 120 to 240 a year and it can be really helpful if you have an emergency and need extra money at one point
@user-to1kq6vq1o 3 жыл бұрын
Yeah that’s bs cut the $10 coffee at Starbucks a day you’ll be able to do $100
@esteon8558 3 жыл бұрын
@@user-to1kq6vq1o I don't even have a Starbucks near me hahah. I made barely enough to pay for my needs back then, so yeah
@sta1RR 3 жыл бұрын
It depends on your income ofcourse, just be sure to .
@internetspectator6051 2 жыл бұрын
if u moved back in with ur parents u could save more
@syedrehman9567 3 жыл бұрын
I can't believe he tried to compare his college/working part time to her's. The ratio of tuition to part time jobs is way bigger now than back in this boomer's time
@jotttis8680 3 жыл бұрын
He’s also Canadian where college is way cheaper
@chrisdominguez5097 3 жыл бұрын
Because bringing in more people to oversupply your country with laborers was a good idea... Or so the 50% of you believes.
@kaz9242 3 жыл бұрын
@@chrisdominguez5097 who is bringing everyone? . The American embassies around the world are known for accepting very few visa applications.
@chrisdominguez5097 3 жыл бұрын
@@kaz9242 Ahm the US? The embassies accept very few RELATIVE to the number of total applications BUT when we talk about the actual numbers, the US is the number 1 in terms of the number of immigrants accepted yearly pre-pandemic.
@kaz9242 3 жыл бұрын
@@chrisdominguez5097 lol those immigrants are rich people. So bringing them to the US is benefiting you. And USA is a big melting pot that doesn't belong to any race or ethnicity so its no problem
@edwardalexander3098 Жыл бұрын
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. pray that anyone who reads this will be successful in life.
@stevenmatthew8973 Жыл бұрын
You are right, to be a successful person in life require him or her of hard work and Time
@Perla.pagoyo Жыл бұрын
You are right. Been thinking of going into gold and cyptocurrency
@victoriaouellet4999 Жыл бұрын
@Benjamin I totally agree with you it has been an eye-opening experience for a lot of people.
@avaross6626 Жыл бұрын
She have changed my life and financial status for the best. All thanks to my aunty who introduced me to her. She is obviously the best, trading with her gives me joy of earning
@douglasbrooks8548 Жыл бұрын
I came about Tiffany by a friend of mine and that is how I keep on trading over three months now. She had really made name for herself
@info_bot 3 жыл бұрын
"Engineering, engineering, engineering" lol.. Kevin O'Leary is an absolute gem! I studied business and I feel that I'm very fortunate to be doing pretty well for myself. But I can totally understand where Kevin's advice is coming from.
@primadonna82 3 жыл бұрын
Geez, when I was 23, I was still in school with no income. I hit $50k/yr in my 30's. The difference, though, is that I didn't have student loans. Anyway, she's doing so well for herself! I wish I was that mature in my 20's!
@kimsunt 3 жыл бұрын
Asian-American here... Ask how much her PARENTS are worth. A lot of our parents have $$$ making it easier to live off of low salary before we make our way...
@ye23. 3 жыл бұрын
True a lot of asians are rich af. Clearly her parents are wealthy cuz they helped pay off some of her student loans
@icephoenix3565 2 жыл бұрын
And a ton more Asian parents are poor, stop stereotyping us, racist.
@yateswebb 3 жыл бұрын
“If you’re gonna burden yourself with student loans” ha jeez. I don’t think he understands this shouldn’t be the status quo
@achilleconte4385 3 жыл бұрын
Could you imagine that in Italy my college was like 1200€ per year? And in Germany is like 200€ per year while in Denmark, Sweden, and other Scandinavian countries is completely free, paid by society? Whoever is gonna win the elections the U.S. in the future is going to look more like Europe than a third world country.
@QuantumDivinity 3 жыл бұрын
Hes rich. College creates debt slaves and doesn’t guarantee any success. In the current information age, from an ROI standpoint college is absolutely horrible investment in more than 99% of cases.. on pure numbers
@achilleconte4385 3 жыл бұрын
@@QuantumDivinity absolutely agree! I studied Philosophy and now I'm a Data Analyst 😆
@mokster5 3 жыл бұрын
Also his reaction to the amount! "Woah, 16,000 in loans!" I was thinking "good for her only 16k in loans" I mean that's a tiny amount! Thats the minimum anyone I know left college with.
@achilleconte4385 3 жыл бұрын
yeah I mean, where does he live? Park Avenue in Manhattan? He's completely out of touch with mere mortals...
@NonchalanceInvasion 3 жыл бұрын
He does realize that minimum wage in NYC is $15 so there are probable people living on 2/3 of that, right?
@EwYoureCringe 3 жыл бұрын
And he has said that raising minimum wage is insanity lol
@marcelrodriguez2067 3 жыл бұрын
@@EwYoureCringe you would say the same if you start paying $15 for a gallon of milk or $10 for a big mac. The higher the pay the higher the price dude.
@EwYoureCringe 3 жыл бұрын
Marcel Rodriguez I live in an area where the minimum wage is $15 and milk costs $2 and a big mac costs like $3. Wages are only a fraction of the items
@marcelrodriguez2067 3 жыл бұрын
@@EwYoureCringe i cann you for a fact that no small business can handle paying workers $15 an hour without it either going bankrupt or increasing the price of its products. Milk used to be $3 where i live and after they enforced the $15 an hour law you cant find milk cheaper then $5 now.
@EwYoureCringe 3 жыл бұрын
Marcel Rodriguez so they increased minimum wage and a gallon of milk is not $15? Lmao
@TheBlackDorothyZbornak 3 жыл бұрын
This was my story! I was in NYC in my 1Br ($900/mo) no student loan debt, a $250 car note making 40k/year. This was just a couple years back. Loved it!
@kikivee6724 3 жыл бұрын
How are you doing now?
@TheBlackDorothyZbornak 3 жыл бұрын
Kiki Vee making six figures now! I opened my own therapy practice in may and I work in the ER. I have student debt now though (50k) but I can pay that off in under 3 years
@kikivee6724 3 жыл бұрын
@@TheBlackDorothyZbornak congrats... Your doing impressively well
@speedier6307 3 жыл бұрын
@@TheBlackDorothyZbornak congratulations on your success!
@emilyc5625 2 жыл бұрын
Give me the math here on this one . That’s 460 a week give or take after taxes . So two weeks pay was rent . You were left with 900 . Subtract insurance 200, cell phone 100, 50 a week on gas leaves you with 100 a week . 250 car you clearly weren’t financing or leasing . There’s no way you were living off 100 bucks a week unless you had a poor diet off the 99 cents menu , never shopped , and bought all your stuff from the 99 cents store . If you had one issue with your car it would cost you your entire weekly pay check and you’d be left with nothing and I’m assuming with a car worth 250 there was unlimited problems . I’m guessing you had help from your parents or lived off multiple credit cards or sugar dada
@euenfheiejrj 3 жыл бұрын
NYC is expensive but there’s definitely ways to make it cheaper than many other cities. It’s socially acceptable to have roommates so there’s an easy savings right there. You also don’t need to own a car and you can get an unlimited train pass for around $100 (even less if you get from work pre tax). There’s also great local Korean markets with very reasonable produce and fresh herbs. In addition, lunch spots and coffee from the food trucks are very reasonable. The taxes are crazy but I think it can be a reasonable city. I lived in NYC and now Chicago and food was cheaper in NYC. I bring my own lunch now because the food around the loop (downtown Chicago) is terrible and a minimum of $15 versus $6 or so in NYC (if you go to a per pound buffet in midtown). Also I lived in Astoria, Queens for my first 5 years and there were plenty of great, reasonably priced food there and there’s some really cheap bars in Manhattan. I used to do dollar beer night at down the hatch in my 20s. But she’s doing great- great job!
@alejandraclevesmorales1741 3 жыл бұрын
Agree!!! Living in Brooklyn right now. There’s definitely a lot of things that you can spend your money on but there’s just as much of amazing cheap food, free or cheap entertainment and tons of young people living in similar situations.
@mbanson23 3 жыл бұрын
Let’s be mindful that there are communities in NYC where accessibility to food resources and transportation is very limited or non existent. Brownsville and East New York lack grocery stores with fresh and affordable produce, so this forces people to spend lots of money on takeout and processed food.
@euenfheiejrj 3 жыл бұрын
Mary Banson very true but I don’t think those are the areas people are talking about when they say how expensive NYC is.
@TruthShallPrevail4 3 жыл бұрын
Agree. Food is cheaper in NY; housing not so much.
@euenfheiejrj 3 жыл бұрын
TruthShallPrevail4 I know it’s not apples to apples but housing can be cheaper since it’s more socially acceptable to have roommates so rent can be like $1200-$1400 if you have roommates vs other cities (like where I am in Chicago) you are weird for having roommates so you “have” to live alone which can be more expensive than that. My rent for the majority of the time I was in NYC was $750 (living with two people in Astoria, Queens), which was less than my fiancé’s rent in Indianapolis (living with one person). I also didn’t have the expense of a car and I saved more living in NYC than he did in Indianapolis with similar income. It’s definitely not apples to apples and I’m just talking about living in NYC in your 20s not when you’re older with a spouse and kids.
@lewisstretch 3 жыл бұрын
Kevin O'Leary is one of my favorites on tv. You can tell he is very passionate about helping people and teaching people. And he does it in an animated way that only one from NY could. Very entertaining.
@Y_hass 2 жыл бұрын
Lmao! He's not from NY, he is from Montreal.
@ilanacox9055 3 жыл бұрын
In Australia student loans are interest free. It blows my mind that she has 5-6% interest!! Wtf America
@LuckySingh-ln9ox 3 жыл бұрын
In India it's 10% onwards
@redunicorn7760 3 жыл бұрын
CNBC make it had a woman who had a 50k debt increase over a year bc of interest. It's absolutely crazy
@ilanacox9055 3 жыл бұрын
@@redunicorn7760 I know I remember watching that one! I honestly shuddered I don't see how she isn't constantly hyperventilating from that haha
@AllyseEW 3 жыл бұрын
WHAT??? I hate america
@Erik-ek9du 3 жыл бұрын
That’s partially true. Student loans in Australia are interest free when you’re in school. When you graduate and make more than $52k a year you’re charged a higher tax rate until the loan is paid off. - Students can take on higher debt limits for fields that will provide more economic value (STEM, Law, Business, Medicine). If you’re studying something that’s not going to provide great economic value you can’t get a higher degree like a masters or PhD.
@zitze25 3 жыл бұрын
Hey Kevin, engineering here in germany is absolutely overcrowded and a lot of craftmanships earn more money...
@MegaClemie 3 жыл бұрын
Engineering in South Africa is overcrowded. Most are unemployed
@aahsimovieprojects 3 жыл бұрын
Engineering in America is not great either. You're not gonna get rich working as anything besides a software engineer. Becoming a doctor is much more guaranteed route to wealth.
@HylianVamp 3 жыл бұрын
Drew I mean there are hundreds of different types of engineering. And all the engineers from my college are making enough to be considered middle class at least right out of college. What is rich? I’ll definitely have a million in retirement at my current rate if the 7% growth holds up.
@aahsimovieprojects 3 жыл бұрын
@@HylianVamp Middle class sure no disagreement there. If you're content with being middle class then engineering is a good path.
@Tagg25 3 жыл бұрын
Yeah but in Germany college is a lot cheaper right if not free ?
@brianfaga8514 3 жыл бұрын
I’m studying for an engineering test while listening, and had a moment of pride watching this for choosing my major.
@vanessa-gomezely 3 жыл бұрын
Love Kevin reacting! So good. 😂💛
@DozIT 3 жыл бұрын
I like the 30 seconds it takes for Kevin to find the pause button 😂
@jicasso9848 Жыл бұрын
Learned a lot from this, thank you!! I especially enjoyed seeing Kevin O'Leary grin here and there while watching Elena speaking.
@Quanic2000 3 жыл бұрын
Shows you how out of touch these rich people are with how the rest of the world, which includes their own employees, live.
@carolin633 3 жыл бұрын
When he said 50.000 before and 40.000 after tax ... as a European my jaw dropped to my 50% tax floor.
@juliannewilkinson1943 3 жыл бұрын
He was wrong, shows he doesn't know that tax bracket - she's probably taking home more like 32k after tax.
@joeb1522 3 жыл бұрын
@@juliannewilkinson1943 on 50,000 income, I calculated 4,200 federal tax, 3,800 FICA, and 2,300 NY tax. A little less is she qualifies for some federal credits or deductions (such as student loan interest deduction), and a little more if she's in New York City. So I think 40,000 after tax is pretty close.
@jessicabixler1658 3 жыл бұрын
I dont think she takes home 40 either. ...but I guess now with the higher standard deduction she may. Although if they take benifits payment out....like health insurance
@joeb1522 3 жыл бұрын
@@jessicabixler1658 I'm a tax accountant----she makes about 40k after tax. Yes, the standard deduction doubled and the federal tax brackets went down (meaning you could make more money and be in a lower bracket) starting in 2018. If she pays health insurance or 401k, then she would make less than 40k after these deductions.
@SweetCaramel7983 3 жыл бұрын
@@joeb1522 She's also paying NYC taxes which is about another $1200 and NYFL another $140 per year. So she probably brings in $37000.
@AuroraCorvinus 3 жыл бұрын
Engineering field is so over saturated, because people like Kevin keep pushing people to do it. There's a surplus of engineers and not enough jobs. Everyone said it was the best "job security", but COVID proved that theory wrong. In my city a vast amount of engineers lost their jobs. Some worked from home temporarily, then eventually laid off. The only people that I have seen to have real job security are the essential workers and the medical field.
@wandaNcosmo 3 жыл бұрын
Engineering can springboard you into almost any field you’d like. I have a mechanical engineering degree and its uses are nearly unlimited. If you have an engineering “mindset”, people will always give your resume a shot. I’m currently a product manager for a large industrial company, because the technical field of engineering didn’t interest me as much as financials.
@darkedangel 3 жыл бұрын
I actually work at an aerospace manufacturing company and was deemed essential by gov for some reason. Aerospace engineering in Cali is probably the best way to go here. A lot of opportunities and hiring for engineers
@alphabanks 3 жыл бұрын
I would like to know what type of engineering
@berksarioz969 3 жыл бұрын
@brandon That's the whole point, right. You should only be doing engineering if you want to. Not because people are pushing you into it.
@duerf5826 3 жыл бұрын
@@wandaNcosmo This is true. I studied Civil but ended up working as a manufacturing engineer for biotech company. I talked with other engineers in the company and I'm hardly the odd case.
@PlaninProgress 3 жыл бұрын
I love this advice - I wish I had my head in the game earlier!
@davinstevens3437 3 жыл бұрын
"Some good degrees are engineering, engineering, and engineering" Laugh so hard
@kingbush9328 2 жыл бұрын
Most people venture into crypto to be a millionaire, meanwhile, I just want to be debt free
@JessicaRodriguez-bm7gq 2 жыл бұрын
That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to getting rich
@andyobiorah4779 2 жыл бұрын
You don't make money on forex or crypto by holding your coins rather you trade to make gain.
@danielmedina4953 2 жыл бұрын
Assets that can make you wealthy Gold Crypto Stock Real estate
@maxiecharles2842 2 жыл бұрын
@@andyobiorah4779 When you invest in crypto you are buying a day you don't need to work.
@kelvinmcdonald5113 2 жыл бұрын
Fear is one of the factors that hinder most persons to invest into crypto, most persons say ignorance..
@Fezmania 3 жыл бұрын
Typical boomer scoffing at 16k in student loans. That is well below the average person’s burden. I graduated with 20k and I felt like I got out pretty unscathed. Does he not know how much college costs nowadays?
@zsam8095 2 жыл бұрын
I graduated in 2019 with 30k and the interest bumped it up to 33k just before the pandemic. I got 5k left to pay off-
@violetgirl1996 3 жыл бұрын
I do that too, I often look up events that are free. Some often even with free foods, so it further cuts the price down. I live in Christchurch, NZ, and this is how I bargained in my uni years. Another important thing is, I went out everyday, so I had a huge social network. This helps you in so many favours, such as getting a ride, and returning them with a $5nzd pizza shout or something. Advices, never feeling lonely, sharing knowledge, making the most of study and life together. Financially, well, cashing in altogether at events helps minimise costs too. It helps you feel fulfilled in life despite having less money as a student. Try it :)
@christyjohnson9679 3 жыл бұрын
This is why you have to understand how the cash-flow quadrant works
@christyjohnson9679 3 жыл бұрын
When you're earning enough, you can get a lot of savings from your income compared to those who earn less but have greater liabilities to take care of
@lucasanthony9704 3 жыл бұрын
@@christyjohnson9679 there are only but a few who are earning more than enough during this global pandemic
@antonijaivankovic5439 3 жыл бұрын
@@lucasanthony9704 only those who are still being dependent on their monthly income
@antonijaivankovic5439 3 жыл бұрын
The jobs we do now aren't reliable anymore, we can loose them anytime. We obviously saw that during this global pandemic
@meganjohnny8724 3 жыл бұрын
@@lucasanthony9704 the few individuals who are earning more than enough now are those who have come to realize monthly income cannot make them successful
@melodytracey6129 3 жыл бұрын
The Simple IRA part, where she says she puts in 5% and her company matches it - I feel like it would have been well worth clarifying that she may have 5% taken out, but an employer can only legally match/contribute up to 3% when it comes to dollar for dollar.
@MattSezer 3 жыл бұрын
I had only about $20K a year in living expenses in NYC when I first moved there; I was able to pay off my student loans early and have decent savings because of that. I had what I believe was a rent stabilized apartment with roommates, and I didn't really spend that much time there because I was traveling a lot for work.
@Chase-nb6if 3 жыл бұрын
Keep in mind you are listening to someone who’s passion is money, what makes him happy is money
@chrisdominguez5097 3 жыл бұрын
So... Like everyone?
@DonVinny 3 жыл бұрын
that should be the passion of all of us to be frank
@Chase-nb6if 3 жыл бұрын
@@chrisdominguez5097 Maybe, but personally money isn't what drives me to get up in the morning, and I don't live for it
@Chase-nb6if 3 жыл бұрын
@@DonVinny The richest people in the world have depression and commit suicide for a reason
@jwho4273 3 жыл бұрын
As soon as he said 16,000 was a lot for loans did I realize he's out of touch with this. He thinks engineering is the only path to riches...says a business major. Wait till he finds out how expensive it. She's making good income for a 23 year old, does her job have room to grow?
@mpnguyen11 3 жыл бұрын
I have a friend making around $40-50k a year in NYC, Brooklyn to be exact. So, yes, Kevin, you can live in NYC making $50k/year.
@dandrieberg1893 3 жыл бұрын
I would to see Kevin reacting to offset or any complex video where celeberties spend 40k on shoes
@evelynmarx6212 3 жыл бұрын
You also have to realize the celebrity people are different species they are beyond Rich so they can afford $40k shoes. It is all relevant
@GG-be7ks 3 жыл бұрын
If they earn anywhere between 10 to 100 times more than cost of shoe, I guess it's fine.
@beth3535 Жыл бұрын
I so appreciate the commentary!
@justineg4682 3 жыл бұрын
she's smart to do all this at 23. i didn't really do any investments until I was 35 and just put all my money into a high interest savings and regular checking account. I lived in NYC not too long ago getting around $36,000 after taxes and also in Brooklyn. The prices in NYC for rents really vary from expensive to more expensive neighborhoodfamilies). Paid $1,400 for a decent size 1b1b that wasn't a studio, so $16,800 a year on rent alone. My monthly utilities for everything were around $170-$200 a month=$2,400 a year. Mobile phone $200 a year. Laundry $20 a month=$240 a year. Food is amazing in NYC but once I started working a 9-5, I really only ate out 2x a week. I probably spent around $400 a month on groceries and takeout=$4,800 a year (most of what I buy is organic). If I went anywhere nice, I never paid due to it being a date (and no, I didn't deliberately date to get a free meal). Metro for the month $127 so $1,524 a year. Fun fund was typically just museums, inexpensive events, and getting cheap day of Broadway and off Broadway tickets. I maybe saw a play or musical 3x a month. Offhand I would guess my fun fund for a month was around $200 a month so $2,400 a year. Medications $30 a month=$360 a year and beauty products maybe $240 a year. Hair every 6 weeks $150 with tip so $1,200 a year. Pedicures every 6 weeks for $35 with tip=$280 a year.Roughly my life in NYC was $30,444 if my math was correct. $5,556 left over. Not a lot imo. I rarely bought clothing (if I did I bought on used, on Amazon, or at stores like TJ Maxx). Everything I typed out is deliberately on the more conservative side. Before I moved to NYC, I worked my way through high school and college and did not take out any loans. I also lived with my parents from 18 to around 25 which helped me to save (I still paid them "rent" from $500-$700 a month). I would have enough $ to go on 1 big trip a year and 2 short ones that were like under 5 days. I cannot believe I just did this and really thought about my expenses but it was fun thinking about my late 20s.
@jessicaa4442 3 жыл бұрын
Some of this advice is misguided. Students who study humanities catch up to their STEM peers as they move into management positions later in life. The key is making the right moves early in your non-tech career.
@AngBQueenAdwoasCloset 3 жыл бұрын
Right .. A world full of engineers and scientists and no one trained in mental health, working with children, the arts etc
@jessicaa4442 3 жыл бұрын
@Josephine Bournes same, but with history. My degree helped build the soft skills I needed to effectively and compassionately communicate, manage a team, make decisions where there are no right answers, defend those decisions, work politics etc.
@ln1299 3 жыл бұрын
Agreed. I'm in grad school for library science. Our last Director made over $100k and was 39. Managers make good money, no matter what the filed.
@Multi407D 3 жыл бұрын
Price reflects supply and demand. If there are too many engineers, supply will exceed demand and less people will become engineers. The same goes for what we would now refer to as 'useless degrees'. I just think that people should be aware of how much they need to pay for education relative to what they may expect to make, then make the smart decision. Prices indicate that the US doesn't need as many artists as we have now. And that there are not enough people in stem feilds. That doesnt mean that there shouldn't be any artists, or that everyone should be engineers. Make your own decisions, but learn to live with the economic consequences. Rather than asking society to subsidize your decisions. I would be saying the same thing if there was an under saturation of people in the humanities relative to stem.
@jessicaa4442 3 жыл бұрын
@@Multi407D You have an Econ 101 understanding of the economy so I'm going to save myself some time and wish you the best of luck.
@RetroBasementGamingAnime 3 жыл бұрын
It's less than $40k after tax due to NYC having state tax and another type of tax, which is crazy.
@Tigerkem 3 жыл бұрын
Not really that's a problem everywhere in the US. About 15-25% is being taken out most peiples gross income.
@aidankerr1125 3 жыл бұрын
Ha, if you think that’s bad you should never come to work in the UK.
@RetroBasementGamingAnime 3 жыл бұрын
@@aidankerr1125 what is the pay like there?
@sydniemerrick2353 3 жыл бұрын
you should see income tax rate in Belgium ... it's 50% ...
@redunicorn7760 3 жыл бұрын
@@sydniemerrick2353 not your entire income gets taxed with 50%, only the money above a certain number
@donnaallgaier-lamberti3933 2 жыл бұрын
This is an EXCELLENT series to help young people learn how to do it. We used to learn this in the home but no longer. When I left home at age 17 to go to community college, I didn't even know how to balance my checkbook...Unfortunately, I learned nothing financial in my home. My father was always in debt and we four kids never had what we needed. His problem was one divorce, death and huge medical bills once (he had to sell out home to pay off the hospital bill and funeral for my step-mom. I actually learned what NOT to do from my father. He only had a 9th grade education and I knew that a college degree was my ticket out of poverty. I rented a room in a friends aunts home for $50.00 a month and worked full time as a cashier and put myself through school; two years community college and two year 4 year college. I also had $90.00 a month from my mother's Social Security that I put towards classes. I lives simply,, no vehicle, no insurance, no spring break trips (I was working) and iived in a college area house with 5 other girls to split costs. I ate a LOT of tuna fish! My primary goal was to get my degree as I was 100% on my own from age 17 on.
@wallacegarrett3537 3 жыл бұрын
changed my major, and changed schools. Changed to Pace Univ, changed major to Business, (Financial Management, minor in Economics.) I dropped out due to marriage problems. no student debt. Have started my own business. An independent Record label, & music publishing co.
@RouRoro 3 жыл бұрын
I chose to be stupid and have fun. I'm just turning 40 this year and i do not regret that decision. Ya i spent a few years catching up but 20s was the happiest time of my life.
@joshwells6540 3 жыл бұрын
Can't blame you at all. Right now I'm 19 making sure my 30's will be the best time of my life. Let's just say life isn't very exciting right now haha
@tiredofdisbullspitpropagan1995 3 жыл бұрын
I love how he thinks they only take 10k in taxes a year off someone who makes 50k lol
@mayoo6545 3 жыл бұрын
sounds about right to me? what part of that is wrong?
@jonathanb633 2 жыл бұрын
Lived in Brooklyn on 25k a year plus OT (35k) in 2007 and 2008. It was my first job. Assistant to the creative director of Men’s Vogue Magazine (Conde Nast). I also supported my fiancé (who lived with me) at the time and only worked very sporadically. It wasn’t easy. Most other assistants at Conde were on the same wage but were the sons and daughters of some of the richest people in the nation and went home to apartments on fifth avenue . I actually had to live on that wage and took the A-Train back to my apartment in Bed-Stuy. Wouldn’t have changed the experience for the world though:)
@none4516 3 жыл бұрын
There are tens of thousands of people living in New York that are getting by on minimum wage. How is it shocking and impossible for someone to make 50k in nyc and live comfortably?
@nicg9242 3 жыл бұрын
"She cuts her own hair? So do I!" HAHAHAHHAHAHAHHA LOL
@chaosgamingtk8554 3 жыл бұрын
I thought Kevin always said he never had a job. He only worked at an ice cream parlor and got fired the same day but in this video he says he was a waiter working nights. Something not adding up
@hayaglamazonluxe 3 жыл бұрын
I remember in an interview, he talked about how his mother was restless worrying about his future before he started his business and his stepfather (who is still alive, and seems close to) said they were happy that he got himself sorted out in the end. IDK if he had a job after the ice cream shop thing.
@chase2027 3 жыл бұрын
The best part about working in the fast food industry when you're young is that you can make your food expense be close to zero.
@thomasaquinas5262 3 жыл бұрын
Here's the secret to getting by on any budget: if you're working and get moved (as I did), just rent a place and bide your time. When you're in that final job, or about to retire, buy a place. With an owned home, your costs become fixed, in general, you go on auto-pay, and just follow a budget. You're set unless something really unforeseen happens. As for me, my home in Texas was great until the great hovering hurricane. I had to give it up forever when water reached 7 feet high...
@sonodo511 3 жыл бұрын
Miscellaneous: $420 and just happens to be green 😏
@turtlemanist 3 жыл бұрын
Hilarious no one is catching that
@eddywangchang 3 жыл бұрын
I’m just here waiting for graham to reach to Kevin reacting time 50k a year in Brooklyn
@marcusp961 3 жыл бұрын
Wait for it!...Millennial Money
@arkeesTZ 3 жыл бұрын
He doesn't know Latinos yet. We live with 25k a year.
@alexandercrush 3 жыл бұрын
Arkees Tech Zone With 34 roommates
@arkeesTZ 3 жыл бұрын
Alex yes, that's when people don't have a family here. Most Latinos live in house and apartments with about 6 people. A $1500 rent/mortgage devided by 6 is $250 and that's just the tip of the iceberg on how a lot of people live and manage to grow there income and savings overtime.
@a1phabet162 3 жыл бұрын
Same here bro
@nikolnolastname4473 3 жыл бұрын
First year in the US my mom made 19k. We survived but it was horrible. No one told us about food pantries or food stamps, that free school lunch really saved my life.
@-veaux-4700 3 жыл бұрын
im a latino making 54k salary with just an associate's degree
@perceptioniseverything648 Жыл бұрын
These videos are so inspiring I hope you keep doing them
@pranavgupta5747 3 жыл бұрын
Graham is going to yell at that food.
@samporter5934 3 жыл бұрын
She’s young she’s 23 so she doesn’t have to dye her hair that’s coming later 😂😂
@aslrunner 3 жыл бұрын
OMG, no one HAS TO dye their hair. 😳
@AllyPenguin 3 жыл бұрын
Right? Cringed at that so hard
@terseandtiny1746 3 жыл бұрын
Unless she's one of those that go gray early.
@wh8416 3 жыл бұрын
His hair looks great 😅
@TerraAcox 3 жыл бұрын
This is by far my favorite Millennial Money
@noahhabeger1342 17 күн бұрын
Love watching these kinds of videos, helps me figure how to saving money
@cholententertainment6516 3 жыл бұрын
Brooklyn is just amazing
@unallamaa 3 жыл бұрын
That's twice the money my dad makes, he supports a family of six.
@Memedon112 3 жыл бұрын
Lmao same
@Audreylin29 3 жыл бұрын
Love this series!!
@nurbsenvi 3 жыл бұрын
Such a positive series I love it.
@manjoetv.9378 3 жыл бұрын
I'm also worked during my high school days
@eMPaNaH 3 жыл бұрын
like how much does he think the people that serve him coffee make? does he think they live in another country?
@paullefebvre6997 3 жыл бұрын
Nobody serves him coffee, he's making his own coffee and it costs 18 cents per day - that's what coffee is worth.
@deadlybananas 3 жыл бұрын
This is the best video I've seen in 16 weeks
@ksway8471 3 жыл бұрын
I love how he is being honest about this situation, he's shedding light on the reality that people are being underpaid which is unacceptable but its now normalized You feel me
@user-yj3ti9rg7n 3 жыл бұрын
Many people said that he said that raising minimum wage is insanity.
@jessicabixler1658 3 жыл бұрын
I once had an executive tell me when I asked for 13 an hour to keep my head above water (I was paid 12) "I honestly dont know how you survive on that" even though he was not going to give me the money.
@ellep.6204 3 жыл бұрын
Fr like where is the logic 😂
@thirdpedalnirvana 3 жыл бұрын
Two questions, how are her student loans so low and where can you find an apartment for less than $1000 in Brooklyn? Is it an ancient building with mildew and no AC?
@jasonquigley2633 2 жыл бұрын
Answer: Roommates. My rent is more or less the same, but I have 3 housemates. In a share house it's easy enough to reach such numbers
@chaoxyz8183 2 жыл бұрын
She said she had scholarships
@m4g153 2 жыл бұрын
Im not living in a major city, but i only spend 20,000 USD per year, after rent food and so on, and i can save over half my income every month. Over half my food is import, meaning its imported using normal postal systems, so the prices are not inflated, and if i were to live in a city like new york, the rent is around doubled, with a few more money spent on food, so you can definitely live fine on 25-30k a year in new york in my opinion.
@jorgecevallos3225 3 жыл бұрын
I really enjoyed this video.
@jamilavictor2008 2 жыл бұрын
Investing in Stocks/Forex/crypto is very cool with the current rise in the market now
@jamilavictor2008 2 жыл бұрын
Most especially Investing with a professional trader like Mrs Grace
@egonschutzenberger65 2 жыл бұрын
Yes I'm also a living testimony of expert mrs Grace.
@candancepassarella355 2 жыл бұрын
Wow I'm just shock someone mentioned expert mrs Grace I thought I'm the only one trading with her, she helped me recover what I lost trying to trading myself
@idowusunday5351 2 жыл бұрын
Trading with her is 💯, she is legit and sure in trading unlike others
@bethelyakubu7240 2 жыл бұрын
Another great withdrawal today!! $73,000 I appreciate what you've done for me, you're the best and I promise to spread your good work, thanks so much Mrs Grace.
@catherinemahoney4989 3 жыл бұрын
"ouch she starts with $16,000 in student loans" *laughs in 6-figure med school debt*
@personalfinance7265 3 жыл бұрын
ouch must feel heavy
@nordette 3 жыл бұрын
Don't worry you'll be rolling in money soon enough
@shinesbrighter 3 жыл бұрын
I be making 35k in Toronto at 23, but yeah you defs learn how to stretch what you have. Actually some good takeaways from Kevin O’Leary, I’m surprised.
@hannahl5306 3 жыл бұрын
It seems like they're trying to make Kevin O'Leary the new Graham 😂
@danielarcure1290 3 жыл бұрын
Most 23 year olds don’t have $100 a week to put into savings. He’s really out of touch with regular people.
@23StudiosSports 3 жыл бұрын
I mean a good amount do...
@oeao2841 3 жыл бұрын
"In the debt to that guy" 😂 "pony up after thr 4th date" 🤣
@lamingtongirl123 3 жыл бұрын
What does that mean?
@ZEN1TH-Music 3 жыл бұрын
I'm not from the USA but after researching it looks like London is more expensive than NYC. Here, people survive on 18k salaries, which is about 25k dollars...
@genwilson7741 3 жыл бұрын
People survive on that amount in the USA too. But this series continues to highlight people with decent wages who are just mismanaging part of their money by spending a ton on food etc. Realistically, people who make 25k are wayyy more creative on how they survive day to day and I’d like to see more profiles with people who live off that amount.
@ruffxm 2 жыл бұрын
Check your research. The 3 searches I just did shows London 5 or more positions below NYC.
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