Living On $230K A Year In West Chicago, Illinois | Millennial Money
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- čas přidán 10. 07. 2024
- Alex Sanchez earns $230,000 a year as an overhead lineman for the electric utility company of the Chicagoland area. In addition to his base salary of approximately $120,000 he earns a $10,000 annual bonus and is on track to earn over $200,000 with overtime included. He also has two side hustles to help pad his savings account and investment portfolio. Here's how Alex makes and spends his money.
This is the latest installment of Millennial Money, which profiles people across the U.S. and details how they earn and spend their money.
Read more about Alex's budget breakdown here: cnb.cx/2m2QVuS
A fan of the FIRE - financial independence, retire early - community, Alex would like to be a millionaire by 30. As a first-generation American he's planning to help his parents, who immigrated from Mexico and met in the West Chicago area, retire comfortably one day.
Sanchez says he grew up lower middle class, and while his parents provided everything he and his brother, Oscar, could need, they also often missed events, like his baseball games, because they had to work.
Investing and saving a significant portion of his income has become a way for Sanchez to ensure that he has the flexibility to choose how he spends his time. Should he have children of his own one day, he doesn't want to miss out on Little League for work. And he wants to make sure his parents aren't tied to their jobs forever.
Sanchez's income fluctuates depending on overtime hours and how much business his lawn-care company drums up. Since he dropped out of college he does not have student loans. The utility company he currently works for paid for his training as a lineman.
Sanchez owns three rental properties, including an apartment, a condo and a single-family house that he co-owns with his mother. The properties gross $3,825 per month, and he takes home $1,600 per month, after expenses like taxes and insurance. His mother makes $500 from the property she co-owns with him.
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Living On $230K A Year In West Chicago, Illinois | Millennial Money
What’s your budget breakdown? Share your story with us for a chance to be featured in a future installment. cnb.cx/32TYZ2K
Is that a lot of money or not
Living on $0 a year in Denver
I need proof on this one or I call this story BS. That salary is ridiculously outside the norm for this job. It's CNBC got paid to shill for this industry.
Don't believe me check out the data from the bureau of labor statistics: www.bls.gov/oes/current/oes499051.htm#st
Brandon Reed It literally shows on bls.gov that lineman in Chicago are some of the highest paid in the nation and in the video comments it says that he ears $120k and a $10k/yr bonus INCLUDING Overtime very possible... and CNBC makes them prove their income with paystubs... One of the people that were on this were on The Grahm Stephan Show and confirmed that they do.
Brandon Reed it's 120k a year with a 10k bonus a year and his side gigs with lawn care company and his passive incomes from real estate make him over 200k and that's with overtime as a lineman
blue collar job and no college degree stil manages to make 250k+ this hombre is making it
I recommend he invests in a future career. At 40 he's not gonna risk falling off a pole with a wife and kids at home. Definitely, not riding a lawnmower. A college degree might be a good investment. Singling out Gates, Dell and Zuckerberg as sans college successes leaves out 99% of the evidence.
@@Mvubo yeah that's what he's doing now by investing in real estate and growing his passive income, by the rate which he's making money at he would surely retire before his 40's
@@propanzx924 True. I wish I'd done the same.
Mandla Mehlomakulu College is not a great investment in your future 😂
Carson Nelder depends on the degree
At 24 he is more mature and responsible than many 55 year old people.
Seriously tho, he's so mature
It's kind of sad that that's so true
*55 year old liberals
Screw Med school, loans and debts when you can do what this guy does!
Like fine, but we simply don't know don't have access to these kind of high income jobs.I would be able to save and buy real estate if i made as much as him
For over 200k a year I'd miss my own birthday..
Too funny
The Wolverine lmaoooo 😂😂
The Wolverine as you get older , you’ll regret it man trust me lol ,
For real.. and no college degree
I miss it and I make 35k i can imagine 200k lol
He’ll easily be a millionaire by 30.
with his investment properties and house paid off he probably already has a net worth of 1mil+
Thank you 😊 let’s see if it happens
Sherman Klump I have a buddy that makes close 6 figures doing that. Good option too
Alex Sanchez how do you make so much at a young age? Do you make most of your money from rental properties?
Justin Johnson hey Justin no i wish. Most of my money comes from working. But I plan to replace it with investment properties. I just save as much as I can and invest as much as I can
You’d never expect him to make so much because he lives so humbly.
Thats why he banks $7,000 a month lol
Joe Stephens yes. It’s very smart. Ima start working at his job lol.
That’s the exact lesson that everyone should take from this video. Live humbly, value family/relationships, and choose to be happy. Grind non stop for 8 years with those values and your life will change dramatically for the better.
@@ihaterainbows15 You said it right, as long as you're happy. All I can say is that if I made as much money as he does, I would have a balance of how much I save to how I live. The guy lives like someone making $40000/year and makes $230000/year. I think that's ridiculous.
Jhonatan Ramirez what exactly do you want him to do?
Stop working? Close his lawn business? Stop investing or start saving less and splashing more?
I bet if he is living like you he won’t be making 250k anymore very soon
“I make $13,000 per month, my big splurge is the $400 I spend on food.”
Alex I’m screaming lmao he’s doing absurdly well
Alex dude is so humble
That's how financially secure people spend their money
I live in Vancouver, Canada and one-bedroom condos sell for $ 780,000 and grocery and dining out is super expensive. I spend a minimum of $ 1000 on groceries. I should move to the US.
The numbers don’t make much sense. How can he spend 90$ a month on gas... work is 15 min one way and gf 45 min.... he must work once a week and see his gf once a week as well
In 6 years, we're going to need an update on him. I really want to know if he reached his goal
follow my journey ill be posting it in my youtube channel :)
Probably dead or in way worse health since it's labor work
SaltySkramz you’re a hater! He will probably own his own company. Best wishes to him!
@@JustSkram Dummy. You can see that he responded and even has a CZcams page. Hopefully everything you wish for him dosent happen to you. Smh
Alex Sanchez yeah, I’m sure you’re sitting on the edge of your seat trying to find out the answer to this life mystery.
America is the land of opportunities and it makes me so happy to see a Latino having success in the US.
Relax it's not really that good, he's one in a million, rest of us are broke asf lol, but good for him tho
@@ashadel6902 speak for yourself and that's inaccurate your just lazy.
@@nyck1d36 every person who is not a millionaire or makes 230,000 is lazy. people with phds dont even make 230,000 a year unless they are working corporate
Ash Adel my parents immigrated here from Mexico and like my dad says “It’s not your fault to be born poor, but it is if you stay poor” If you make the right decisions, and work hard, SPECIALLY IN THIS COUNTRY YOU WILL BECOME SUCCESSFUL. No excuses!
@@shaneviola8848 this lineman is risking his life everyday
Imagine over 7k going straight to savings each month
And he wants $10k a month. Id be a happy camper with all that saving. But better to invest it and real estate like he is doing.
Goals
it’s very nice.
Eddie Acosta class A Journey Lineman for santee cooper!!
@@wavygoods877 ups driver here make 100k now but in 3 years at top pay 150k+ pension (5k-6k+) 401k free health care for u and fam (100k/year value) so 250k+ a year from ups and then my first duplex (guaranteed with my new income) add 5-6k (bay area) make 300k+ add another after 1-2 years maybe a 4 unit this time make 10k off that so 420k off just 2 properties.... and i still get my 2 days off weekends and up to 8 weeks of paid vacation (double time if i choose to work on my vacay) and 14 days of sick pay and 2 days for birthday and anniversary day.
Literally every man who watched this video googled Overhead Power Line training
I didn’t
Nope
Jay Yaskiw I did
Nah
😂🤣😂💯💯
This is just str8 hustle. This dude grinds.
very positive role model, your parents are very proud of you, see Hollywood not your idea of Hispanic person,
I try my best thank you!
@@AlexSanchez2254 hey it's you 😂
Hope you're doin well during this pandemic
That’s why a college degree is not always the answer.
Skilled labor is 🔥 right now! Screw college!
@cheekykent n a piece of paper that says "bachlors degree" wont pay the bills
Call me sexist but college degrees are for women and lazy men
@@DumbassPlumber can you expand?
Cocaina u think college is for lazy people? I’m sorry but U have to be kidding me.
This inspired me to put $1 into my savings account
Lol
Lol
Lol
Lol
Lol
This is probably the best one I’ve seen
Beauty Alchemist agree
Money is actually easy to make. The U.S. mint prints it.
Best?!? This was the most boring one yet
JOMFSE so if they’re doing good then they’re boring?? 😂
@@twdjt6245 thats about a quarter of the boringness! A quarter is the low risk investments. The other half is him living at home with a slow practical car and no fun hobbies
6 figure earner with no mortgage or rent to pay? Just that alone is an accomplishment at any age. the fact that he’s just 24 makes his story even more impressive and inspiring. This guy has got it made!
I dropped out of high school and learned the plumbing trade. 30 years later I have a wonderful life, a fantastic business, beautiful family and no debts. Blue collar for life...
Did you need to get a GED to get a plumbers license?
@@youknowjuno145541 Hey there, I’m from Australia, and no there is no requirement for obtaining a GED or its equivalent. A prospective apprentice simply needs to find a job, sign up to an apprenticeship and enroll in trade school. Once qualified, there is an additional licensing course and further on the job experience to acquire and then you can apply for a contractors license and start your own business if you choose to. Trades can be quite lucrative and in my opinion beats the heck out of sitting behind a desk all day. Good luck 😊
Poor Graham won’t get to rage
Gram does not like cash for buying properties.
@@uaChuk what?
Graham is going to be furious
Maybe for the tattoo?
I was thinking this
That's no millennial money. That's a tradesman career.
Except once you get to a certain age or an unfortunate injury, you likely no longer able to work in any trades career. High pay comes with high risk in this career.
@@441meatloaf as a welder who fixes garbage trucks i feel that lol
@@441meatloaf except you dont work your life away to pay off student loans... instead this guys scooping up a sizable amount of passive income
@@WiCapitalco I mean that would really depends on your degree
@@WiCapitalco That depends on where you live and how student loans are structured. But if you're student and working part time there wont be massive debt to pay off. Btw ppl that amass over 100k of student debt are usually in pursuing a high end field like doctors pharmacist lawyers etc.... Their future income is more than likely to cover the debt. Also you need to invest that kind of money no matter which country you go to. Professions like doctors lawyers all pay that much for school.
You remind me of myself . Came to USA as a legal immigrant at the age of 20 . No education . Did not finish high school . Became a plumber helper at age 17. Became a master plumber at age 24 . Age 30 own a plumbing company with 18 trucks . And own 4 homes and making rental income . Thank god I did not waste my life studying and accumulating all that student debt and without an education I made roughly 400 k a year after taxes .
I just legally immigrated to the USA (3 Months ago), I am old (30 years old), and I just started as an Electrician apprentice! And I love it, the trades are awesome, I hope I ll eventually get to be successful in this amazing country
I know a guy in the same scenario instead he owns 2 trucks still smooth money
@@trolololololololololololol6124 trucking is the new money 👌🏿
@@Hitman.13. make sure you join IBEW, do not join a rat shop
@@rolandroland1485 it was actually 5 trucks
I'm barely breaking 45k a year. I can only imagine what an extra 185k a year would be like for my family.
I feel you
@@bjornegan6421 wow what a crazy idea I can’t believe he didn’t think about that.
There is no imaginr there is only do. You have to believe you can do this because that comes firs5
Go get it
@@maritza8825 Same, hopefully he sees this comment and wises up.
Good for you Alex showing that you don’t need college to make really good money.
Agree. You don't need a college degree to make really good money, but it helps.
His back won’t work by the time he’s 35
Luke J. / Nexus wrong. There are linemen well into their 60s that retire with awesome pension benefits. Most likely gaffing the pole was just for show and he usually uses a cherry picker.
Rurushu what a mean thing to say. Who raised you?
Chutiya
Graham would be like, 45-60 minute drive!? Get a gf who lives closer.
😂😂😂 right? I’m dead.
Jason F C she’s a beautiful woman whom he obviously loves. My ex lived 2.5 hours away from me and to this day, still love her
@@heythere9707 I feel you. I'm just saying what Graham Stephan would say in order to cut costs.
Skype is free 🤔
Jason F C public transport doesn’t cost much for love
No one’s gonna ask about his skincare routine????
Rosa Gerdts 😆
The sun 🌞
He probably realized he needed to invest in sunscreen asap since he's working outdoors
It’s called being rich lol less money stress means better skin 🤣
He probably just uses water.
this guy's so humble and sweet. another chicago native love it. american dream baby
chicago sucks
WEST Chicago. Not the same lol
@@GenevaSevenfold Not even cook county. When you in cook county (city and some suburbs) , you can smell the gunsmoke in the air. Mmmmmmm sweet home Chicago
@@gamertron0993 I miss that smell whenever I go on vacation lol
people with $100k student debt for sociology degrees are now smashing their head.
@@mynameisname77 Oh, they do. They want other people to pay for their debt.
@@mynameisname77 not true at all, i did my honours in sociology, struggled to get a job for a while because i refused to be exploited but eventually settled in recruitment and for me money is everything. I want a decent life despite reading and being inspired by Carl Maxx and Weber and their utopic visions.
do you think those fat feminists would be able to climb electricity poles easily ?
chris doheny honestly who would major in sociology lmao. Poor kids
A smart savvy person could market a gender studies degree in a way that would make them money. Most people aren't smart or savvy tho
$230k in West Chicago is like a million elsewhere.
That's the price of garage in Southern California lol
$230k would be a downpayment on a 2br condo in NYC. With a $2k+ hoa fee 😩
@@pkal244 🙈
Quan Nguyen 😂 on Spain you have 3 stores building house with that money 💰
@@jacobpatterson9440 u got it backwards
This dude is smart. Buying property outright is a great way to recession proof your life.
During recessions, some tenants won’t be able to pay their rent. Rental properties come with risks too.
@@Robert-td1xm Yes but since he owns them outright- his exposure to risk is nominal. He doesn't have a mortgage company to pay on any of his properties.
I'm speaking from experience, not just observation.
Haven't seen a dramatic drop in RE prices yet, including 2008 which is by now corrected. Nothing is a sure thing.
@@privi889 I guess in a literal sense nothing is a sure thing, however the position that he is in is one that many envy. When it's all said and done when/if we get to the point where nobody can pay rent, not being able to collect will be the LEAST of anyone's problems.
@@privi889 2008 was your best bet.
I worked as an engineer at the same company he is at. I had a college degree and was a similar age. Made less than half as much. This guy knows where the good jobs are at.
"It's not what you know but who you know."
He is also working crazy hours risking his life too. It's a tradeoff
@@robertgroves5630 facts he’s not on a desk chillin
@@trolololololololololololol6124 y’all two are hilarious 🤣🤣🤣, all fats tho 💯
^What he said. The guys I know doing this work - one got his position when a lineman died, and they all managed to fall off or slide down poles. One has totaled multiple trucks (who you know, remember? its like hillbilly tenure) It is safer now *provided you work at a shop where safety i a priority*. I think the bucket units mounted tank tracks look like a great improvement. But yes, definitely risking your life on a regular basis, gaffs are rough on your legs too.
This guy gets it, he has grabbed life by the balls and has done the best he can with what he was given. Mad respect.
He’ll be a millionaire by 30 WITHOUT college.
@Dodd Frank why would you say that, you dummy
ImmortalDraylo jealous people don’t like others to success
Have u ever met a electrician that's a millionaire but I respect the guy and the job he does but we also have to be realistic.
ImmortalDraylo he’ll quit his job when his passive income is greater than his earned income.
Dodd Frank. And you’ll still be alive and broke
Hard to believe he is only 24 years old. Crazy when I was 24 I was working retail while working on my bachelor's degree. Much respect to this guy
I literally come back every now and then just to watch this young man speak. Motivated, hard working and disciplined truly good to see. Wise young man
Nwanneka Daniel Okorie holy crap thank you so much! I’ve actually gotten a bit more comfortable speaking over at my channel lol
Yeah he is such a humble dude. I come back aswell
I’m a lineman in SoCal and we make around 300k a year out here. People are saying that the job has a high fatality rate which is true but not more then a cop. I also came from immigrant parents, dropped out of high school, and no college debt. It’s a very hard, technical job but I love what I do. Great vid!
Lotta jobs out there you can die in. Every job has its pros and cons there is no perfect career
@@ycazawilliams2535 100%
The word "college has become synonymous with "debt". Unfortunately. So, the college bashers have a field day.
But that's not true in many parts of the world.
Victor Reyes I make 140k doing light electrical work in a CA union. 40hrs - no overtime. Easiest job I’ve had in my life. No college here.
Jess White Hey I’m in Cali and I would appreciate if you provided more info about how one can get started doing what you do. I’m in college at the moment but thinking of going another route.
"...and not a Gucci belt in sight!" Sorry, just had to add that, lol.
@Luffer Booms you cared enough to stop, click REPLY, type "No one cares", then hit REPLY again, so.... =)
A douchbag belt you mean?
@@user-gj8mn4ce8d precisely!
Does it bother you that people like to wear designer belts? Some people like to look nice
Michael A. Most of the people i know that wear gucci belts are people spending beyond their means 😅.
My favorite Millennial Money!!! As a first gen immigrant child, he summed up how I feel at the end perfectly! Super inspired by him! Dios lo bendiga. ¡Si se puede chingao!
Eri muchísimas gracias :)
Smart young man. He will be a millionaire by the time he’s at least 35.
Being an overhead lineman can be dangerous work. It's also very physically demanding work. FYI before you go running to power company looking for work.
Darren N that’s the fun part! Sitting in a desk all day, getting fat and dying heart attack at 40 isn’t any safer
Darren N yeah. And he’s paid for it. So have a comfy easy job and live in poverty. Or crush it while you’re young and become wealthy early and retire
It's all fun and games till you lose an arm or die getting hit by 700k volts wprkinh in rain storm. You two would make it a pike electric until they roll you out in body bags and hire two more apprentices.
I'm hard working dude. I make good money wrenching and applying my skills other places to make money. Being a lineman can be very short lived. It's not a job to be taken lightly.
And it's a " good ole boys" club still! He definitely got preferential treatment for being a minority and an immigrant.
Won't get anywhere without risking some. The trades are risky but they make money. Not to mention someone has to do it. Not everyone can work inside.
Im flabbergasted. This guy makes me want to go out every weekend and hustle. I love the work ethic. I know he will be relaxing in his 30's.
@mikedoesseo I won't be because i haven't set myself up like him. lol If he has 2 million invested then all he has to do is run the real estate investments and run his investments. It should be smooth sailing for him then. I will still be working while he is done. I hope you enjoy slaving in your old age... lol
@@TheCreoleSon89 read rich dad poor dad and follow Grant cardone "
@@FazzyKVlogs I talk like i am poor but I promise i am not lol. I am just not doing as well as the guy in the video. I have read the book though. It is great. I live on 800-900 a month. By 40 I should be a millionaire.
@@TheCreoleSon89 you need to pay for it... If u wanna be a millionaire by 40 then you gotta pay the price now.. Just like this guy
@@FazzyKVlogs I don't know. this guy easily looks like he is 32. I just turned 30 and I like still looking young. lol I admire the hustle though but I am good with the slow and steady. I worked two jobs to pay off my house and then last year i worked two jobs and noticed how it negatively impacted my health. My health is more important than becoming a millionaire.
I like this guy and wish the best for him and his family. Making his family proud. That first gen hustle isn’t real.
Respect to this guy and the financial choices he made. Especially at such a young age.
I do wish property prices were that cheap, up here, in Canada.
This guy will be a millionaire before 30, lucky girlfriend
Im sure his girlfriend is making good money moves too. He seems way too smart to be with a girl that has nothing going for herself.
Unless he gets killed on the job
I’m sure she has her own career too, though. I don’t think most people would date someone without a job or plan.
@@YoBoiDeAndre I'm pretty sure his insurance will take care of his parents, and brother. He would've accounted for that.
@@YoBoiDeAndre You mean unless he dies ?
It's really nice to see someone who deserves every single penny they make.
@незнайка Dude look who’s talking, you have a pic of a sports car lol. That’s not yours.
This guy is amazing!! He works hard, saves aggressively, has a side business as well as multiple rental properties. I'm a decade older than him and only recently got my head around finances. He is going places!
A second job is not a side-hustle or passive income. It's a job.
crypt clown second job? Where does it say I have a second job? I own a business that I don’t put in maybe 5 hours a week. Small operations but still a business.
You can’t serve two masters my dad try to do that. Working as chef the lawn care it’s not Feasible. You have to committed to to your job and business
@@alfredoalcantar8691 bruh with that mindset its definitely not possible. The point also flew over your head this dude is the master 😂
@@AlexSanchez2254 keep up the good work Alex!
Basekitball thank you 😊
this guy is smarter & wiser than any software engineer i ever met in my life. also he makes more money with less stress & have a solid plan instead of betting on the startup lottery. congrats.
Tamas Kalman I found 21 bitcoins, what what? How’s that for easy money!
Not hating, dude is awesome, but some of his income is based off his higher chance of a workplace related injury. His chance of dying is about 100x higher than your software engineer buddies.
Im also a lineman, I dont really agree with your assumption of less stress. There are often occasions where you have customers screaming in your face, bears chasing you out of right of ways , and other extremely dangerous work conditions.
Less stress? Any mistake or anything happens while he’s working on a line and he could die just like that everyday he works he’s at risk
I am a software engineer and make $800K a year. I did go to MIT so I am probably a loser compared to this lineman. Also, my salary is on a rapidly increasing trajectory. This guys salary probably plateaus at about 300K or 400K. I have been at 800K since 2017 but still hope to have my income increase.
He makes more than me, and I have a Bachelors degree in Physics and a Masters degree in Computational & Applied Mathematics. I work as a Systems Engineer at Lockheed Martin making $107k annually. I have 8 years of college education and this guy is making more than double my salary with no college education, this guy is living proof that the American dream is still alive if you're just willing to work hard and hustle, you can make big things happen for yourself. Kudos brotha! Keep up the good work!
Thank you so much
The American dream is achieved by ones own hard work he really made it
Keep in mind that this guy does work a lot of overtime though.
@@yasserzammen182 Regardless, he still is in the top 7% of income earners in America without a college education, on average 93% of Americans earn less than this guy, whether he works overtime or not this guy made things happen for himself. I got nothing but respect for that kind of hustle.
The one word he mentioned that we don't hear anymore is "Content"
Big G - That's "Contend" with a 'd'.
Literally everything I want to do with my life he’s doing...
•Work till my back breaks
(Working and doing overtime)
•Getting a car
•Investing in stocks
•Starting my own business
•Renting/selling homes
•MOST IMPORTANTLY
Giving back to my parents!
Totally excellent
Good but prob shouldn’t invest in stocks
I wouldn’t break my back. Just saying.
@@GenevaSevenfold Either break your back or go to collage. if not then you will forever be broke.... Unless you gamble.
I wouldn’t do the first one though, work/life balance is important, but I definitely see it being reasonable if you want to build up savings as fast as possible for buying properties.
they said "living with your mom" in the nicest way possible
jules yeah, but realistically, he did it with a plan.
He’s got side hustles, a business and he’s working on real estate, he’s got 3 properties
And look how he is making it maybe he wants to move but also wants to take care of his family family always comes first
Him living with his mom is no big deal since he makes $230k a yr while most people he knows with their own place probably make under $75k. Can’t really have jokes on a guy making 3x what others make.
jules even though he lives with his mom its not like he has to, this guy is more than capable of buying his own house, let alone the 3 properties he already owns.
Being a child of immigrants means you put family first and don't move out until you're getting married even if you are financially stable. Parents will encourage you to live at home and save the money you would otherwise spend on rent.
kudos to him, my brain didn't even remotely work like this when i was 23!
Jess's Couch saaaammmeeee
I’m 28, i have 300$ in my account, 50$ in savings
Doing better then most
Not bad. At that age, i had 0 in savings and I always spent over my means. Keep it up. Slowly but surely u will get there. Just budget. Something I had no knowledge of at your age.
Dang you have it made
Thanks guys!
Englanese i tried 😎 lol
Dude is a rockstar! Not afraid of hard work, and he knows how to save and what’s important. Much respect to you sir.
I need this guy as a personal mentor.
This guy is fantastic. He has a great job, he is living at home which means he is saving money. He has a side hustle and rental properties. He has no large bills and no debt - he will be in a great position in the future financially with his savings, investments and smart work ethic. Good on you.
K Andrew thank you! Just trying to be a good example and teach my ways to other people as well
He definitely is making his parents proud
That’s amazing! He makes more than white collar professionals with a college education!
College education is not only about making more money. That's a part of it. The other is a certain appreciation of things and ideas. Have you noticed that Alex guy is working insane hours. Martyrdom doesn't scale (if I worked a min wage job 8 days a week I'd make good money). I'd recommend he goes to college part-time (as a side hustle). Not riding a lawnmower.
@@Mvubo You're comment is insanely naive. If you hadn't paid attention. He "owns" that landscaping business and is not an employee. Starting your own business always trumps college education as long as you're satisfying an existing need in the market because one day he can grow that business to the point he no longer has to work and can turn it into a retirement machine. I'm saying this as a college graduate in STEM. College education is grossly outdated for the most part.
@@Mvubo read the description below the video, he also owns rental property. No need for a college education unless he wants to continue working for some employer not retire early which he's on his way to.
@@Mvubo Working as an electrical lineman is one of the most important jobs there is. You sound like a snob.
With 10x the effort.
I am truly impressed with Alex. His Mom must be so proud!
Definition of a role model. Dude saves 70% of his income. God bless him.
When you die you cannot take it with you
This got me into the lineman trade, so thank you!
And you earn the same base salary as him?
This guy is so financially savvy, good for him!
Except having Robinhood as his broker 🤣
@@UnknownUnknown-tu3be still saving him money
This guy is going to be very, very wealthy if he keeps on this path and chooses the right partner in life. As Dave Ramsey would say, well done!
College is a sham!!! I have a masters (MBA) dropped out of my PhD due to pandemic and I lost my job back in March 2020. The whole time instead of college; I could have learned a trade and been making 6 figures +. Why didn’t my family or high school talk about this?! 🤔 it was dr, lawyer, finance, or IT!
I wish I was 10 years younger. This generation has it made with social media and varied income stream options . I have hit my 30s and have so much over-head and have no idea how to start over. I got a new job in July making 25k less. Glad I have a job, just trying to see how to change it up when I am a single parent.
Should do an episode of a real millennial money on 27k a year episode
yesss
Yep. A realistic story.
This!! 👆
Absolutely
Or college and working part time jobs success tips
We need more self made millionaires like Alex. Hard working, entrepreneurial, and discipline!
But our system is this:
- Banks provide our children with credit cards with no income.
- Parents expect our children to go to college regardless of future goals.
- Companies convince our children that latest and greatest products will make our lives better.
Then we blame our children for being underemployed with crippling debt.
fataznboi911 I bet you everything that alex and guys like him had the same issue but he chose to go a different route at the end of the day stop listening to your parents and society and be accountable for your future if you really care about it. go out get some knowledge on finances and what careers to go after instead of doing what everybody tell you to. Its your fault if you get traped in this issue own up and take initiative of your future stop being lazy!!!
To add to your statement, parents make their kids go to college regardless of their goals, but COMPANIES also generally require their employees to have a college degree, especially for better paid work, so it’s not like the kid who’s not going to college is just saving himself some debt and being smart; he better have a plan because unless you go to trade school or enter a dangerous career like this one in the video, you’re screwed.
He is a business owner and a landlord, so now it makes sense.
We love West Chicago too and are very proud of people like Alex! Way to go.
True and pure example of planning with purpose and goal setting, executed with hard work and determination... Hat off to this guy!
If he saves 7k a month for the next 12 years, he'll have $1 million in the bank! Not counting passive income, just money in the bank from saving. He'll only be 36.
I agree and his savings game a month is only going to go up by the years to more than 7,000.
Make your money while your young and have all the energy in the world so you can retire wealthy
Hes has another business too
@@alvaro1768 but working that heavy takes it's toll, within a few years the body breaks from lack of sleep, depression if he's barely around family and friends and sincere companionship, no money in this planet can bring happiness, just materialistic possessions
Anything can happen on those 12 years period, that’s why i live on the present and not think about the retirement. I don put money on my 401K tho
I was going to make the obligatory comment about waiting for Graham's reaction. But this guy is so good he might need to review Graham instead.
Good for you! You’re doing really well for yourself. Keep at it!
Any other Mexicans/Latinos holding back tears after witnessing Alex just absolutely KILLING IT?
He makes a lot of money but do you see how much he works? And he's also an employer!!
What a phenomenal example for us all and an inspiration.
No es ningun privilegio, es un resultado de trabajar duro y con intencion.
Si piensas que PUEDES, o si piensas que NO PUEDES, tienes la razon!
Felicidades Alex, sigue cuidando de tu mama que seguramente es la culpable de que tengas tanto exito!
Muchísimas gracias :))
Hes not mexican
This guy is winning. No excuse to not make it in the US. Immigrant work ethic for sure, like what some of the commenters stated in previous comments.
TR shut up. Everyone’s situation is not the same . What if he wasn’t living mortgages free? What if mom was super sick and he had to take on all the expenses. What if he ducks up his knees and couldn’t do all the extra physical work
TR you’re right. Which is why I wish we’d have a policy of strict illegal immigration control with an INCREASE in legal immigration
victoria hale you’re right, short of physical and mental disabilities, there’s no excuse not to make it in the US. My grandparents, parents and myself are examples. Thanks.
Not everyone will or can make it in America.
Luck definitely comes into play in situations like this lmfaooo
They forgot to write "Shut up Graham" after Millennial Money
Second comment like this. Are you assuming most people watching this video will know who/what “graham” is?
codycast im pretty sure atleast half the viewers watch millennial money because of graham
TBH, I'm starting to get annoyed with Graham as of late. His cheapness schtick is becoming old as of late. There's so much $0.20 coffee, and laundry commentary I can handle before he comes off as a narcissistic Scrooge McDuck type with a tone-deaf attitude. Gives off great advice but his jokes comes off as misses more times than hits.
Chill everybody, it's just a youtube video...
@@victinyx6329 its the op for me. If it weren't for you annoying people spamming his name on these vids, I wouldn't know who the guy is. Im actually starting to think most of you "people" are acting bots. Must be a marketing tactic he's using to get views. No one is obsessed with someone that much that they spam their names on every single video lol
This video changed me and my perception about making money. Kudos to the team for bringing a positive thought in me. Thank you!
I'm getting addicted to these videos. Keep them coming please.
I’m from West Chicago and it’s cool to see your hometown on CZcams
Welcome back to the Alex Sanchez show! My name is Alex and this is my show. Today we're going to talk to Graham who is a CZcamsr and makes $150,000 per month. I hope he's going to do something wrong else the show is going to be a bit boring...
I respect this guy, coming from another Latino. It is possible to make money, thank you for showing this!
m P hey! Thanks for watching glad my story inspires you
My favorite episode by far. Working hard and living below his means. My brotha is making it! Nothing but respect👏 💯
Arely Hurtado thank you 😊
Great video, and shoutout to West Chicago. I really miss that area. He is a man that works and has a sensible plan. Great job!
Much love my brotha. So proud 🙏🏿
This guy lives near-ish to me. Respect to this man. Keep doing you, Alex!
so inspirational. this video makes me feel more energy on making more money!
And the American Dream of hard-work lives! *It's no surprise the only humble, smart, and financially educated person on this channel is a second-generation immigrant.* He *SAVES $7800 out of a $9,944* monthly budget? Absolutely amazing! Many Americans are in financial ruins because they live off credit cards and off trust funds since they don't know the value of a dollar.
He lives in his parents old house thats paid off. That helps a lot since a mortgage is a good chunk of most Americans budget.
Go ahead and hate! Lol you would come up with an excuse why he’s in situation he is in. Just give him props like a real man and stop coming up with excuses because you couldn’t do it.
@@patryk2497 first you don't know who I am. You don't know what I do. Been supporting myself just fine probably since you were still a little sperm. I'm set in life so don't lose sleep over me. I'm just pointing out the fact he never deducted his tax liability. I'm sure its a pretty good chunk of change for him. Trust me I know. The IRS sticks it inside of me raw every year. Plus hime paying basically nothing for living costs helps a lot. I'm not taking anything away from this dude. I'm just saying it ain't all what it seems. Now go wash up your mommy is calling you. Dinners ready
@@COULDbWORSE1 He's literally 24 . Most 24 year olds are paying $1200 for rent tops. Even then he'd be paying ~$6,000 a month
@@peppa_pig_ what about taxes? Minus state and federal he doesn't have as much ad he says.
His last bit on family values is the best. He deserves all the success.
This story is great! Thanks for sharing it !
This kid is grinding it out, he's got a good head and he is working hard... saving 7k a month is gangster!
You will be a millionaire! You’re doing it right. Good for you! Many blessings ✨
Way to go man. You are crushing it 🤝
Buddy is one solid dude know his place in the world and makes bank at the same time, saving this one in my motivation playlist
Thank you brotha!
This kid will be successful no doubt. The way he carries himself and goals he set for himself is commendable.
HE IS GOALS! may he continue to make his dreams a reality for both himself and his family. 💖💖💖
Graham, we are waiting.
Not a lot to complain about lol, besides him not knowing where his money really goes
What a champ. Proud of this dude, and he's so down to earth about it. Helps his mom too!
Harley Alexander man, these words make my day! Thanks brother! You’re the best!
This was so inspiring !!!! Keep it up big man hopefully I’ll make it like you in the next few years with my power plant operator career !!!
Hey Alex, how serious is this girlfriend of yours?
😩😭😭😭😭
He’s mine! Go away
Lol
you're too ugly for him
Im serious for you baby 😏
Graham is going love this!
LOL
I was thinking the same thing,
hahahah!
I dont think Graham will like it. This guys seems to be doing everything right, so Graham won't be able to critique/rant as much.
Thomas LaBorde yea I think he’ll find it boring
EPIC STACK who is graham ???
The greatest value we can take away from this video is at 5:13. Thank you for sharing!
Amazing. All the best to you and those who can relate!!!! 🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲