Living On $1.6 Million A Year In Los Angeles | Millennial Money

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  • čas přidán 20. 11. 2019
  • Graham Stephan, 29, earns $1.6 million a year and lives in Los Angeles. A millionaire by 26, Graham’s income fluctuates between $60,000 and $221,000 per month depending on how much he earns from real estate commissions and CZcams related-revenue. He also owns several rental properties in the Los Angeles area. Between his high income and budget-conscious nature (and 20 cent iced coffee), Graham saves nearly 99% of his income.
    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 Graham's budget breakdown here: cnb.cx/2QExENL
    Graham Stephan pulls up to a high-end Hollywood Hills property in his matte black Tesla Model 3. It’s a four-bed, 2,300-square-foot home listed for $2.169 million by The Oppenheim Group, where Stephan has worked as a realtor since 2015.
    He’s sold multiple properties like it - and every time he closes a deal, he collects a nice commission check.
    As of September 2019, Stephan has earned $77,152 in real estate commissions on the five properties he’s sold so far this year. But that represents just a fraction of his income. While the 29-year-old millionaire got his start in real estate, he now earns most of his money making CZcams videos.
    Stephan, who was born and raised in Los Angeles, never dreamed he’d make his living as a CZcamsr. He was earning good money as a realtor, a career he started at 18 after he didn’t get into college. He’d watched CZcams videos for years - “it was my version of TV,” he tells CNBC Make It - but didn’t think he had the personality to be a creator himself. “It looked like such a fun thing to do and I’d always wanted to do it, but I also felt like, Who would want to watch me?”
    About three years ago, he decided to film and upload a video. It was an explainer on how to be a successful real estate agent that he shot “selfie-style” on his iPhone.
    “I remember that video getting nine or 10 views,” says Stephan, “and thinking, Oh my God, nine people somewhere have seen this video! So I started making more videos. Once I started doing about two videos a week, the growth really just exploded.”
    Today, Stephan has close to 1.5 million subscribers across two channels. He earns an average of $90,684 a month on the platform and will bring in well over $1 million for 2019. His videos cover a range of topics, from how to build wealth as a teen to buying a Tesla “for free.” And he regularly posts reaction videos to CNBC Make It’s Millennial Money series, offering commentary on how the subjects could improve their finances.
    This year will be the first time he’s earned seven figures in a calendar year, a milestone he’s been striving for since 2017. “Two years ago, I made a goal challenge video,” says Stephan. “My goal was to make $1 million in 2018.” He didn’t quite achieve it, but he surprised even himself by hitting it just a year later.
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    Living On $1.6 Million A Year In Los Angeles | Millennial Money

Komentáře • 7K

  • @CNBCMakeIt
    @CNBCMakeIt  Před 4 lety +5417

    Today’s episode of Millennial Money features… wait for it… Graham Stephan. Subscribe to our channel, set a reminder, and come back at 12pm ET to watch.

    • @frisbeeeater
      @frisbeeeater Před 4 lety +154

      LOLOLOL this is hilarious. New respect for CNBC!!

    • @Philip8888888
      @Philip8888888 Před 4 lety +77

      I'm way more excited about this than I should be!

    • @Ratzpackmedia
      @Ratzpackmedia Před 4 lety +40

      What we've all been waiting for

    • @philippm.3244
      @philippm.3244 Před 4 lety +33

      CNBC Make It. Wait for it 😂😂😂

    • @gumerzambrano
      @gumerzambrano Před 4 lety +45

      I smashed the Like button 😂

  • @keithhowell9572
    @keithhowell9572 Před 4 lety +9018

    Graham is so frugal his hobby is literally collecting money.

    • @jesusbalderas329
      @jesusbalderas329 Před 4 lety +62

      Keith Howell I live so frugal that my income is tax free. comited to never let my income go to Uncle Sam's hands.🤑

    • @jakcough
      @jakcough Před 4 lety +34

      Compound Bank Terror Uncle Sam has entered the chat

    • @Allpurple_reign
      @Allpurple_reign Před 4 lety +3

      @Roy B he also collected something better than all of that land

    • @TsarOfRuss
      @TsarOfRuss Před 4 lety +20

      When you make such money, you have a girlfriend taller than you and way way out of your league!
      You are are investment, she will make sure you check on your cashflow everyday, she wouldn't want you to lose a dime! cus its all hers at the end of the day

    • @Pennyk900
      @Pennyk900 Před 4 lety +5

      Agree he will never be poor or homeless. But, pay off your house. Use coupons. Rebates.

  • @kdilli6426
    @kdilli6426 Před 4 lety +3668

    Graham is gonna tear this guy UP.

    • @hellopsp180
      @hellopsp180 Před 4 lety +54

      Man he needs to do his REACTION video ASAP otherwise he will lose out to the graham stephan show :D

    • @pedrotski
      @pedrotski Před 4 lety +44

      $220 on a gym! He has a front door! Graham will end him!

    • @hunterentrepreneur520
      @hunterentrepreneur520 Před 4 lety +12

      I hope he ia invited to the Graham Stephan show

    • @BrooklynnAlexx
      @BrooklynnAlexx Před 4 lety +2

      K Dilli lmao I hope he does a reaction video to this 😹

    • @mellowtonin4166
      @mellowtonin4166 Před 4 lety +3

      ikr??? he is going to tear this guy into pieces

  • @jsmedenilla4524
    @jsmedenilla4524 Před 4 lety +3047

    Income is 150k, monthly expenses are at 5k tops.
    THIS IS THE FORMULA GUYS.

    • @misterstun1887
      @misterstun1887 Před 4 lety +55

      JS Medenilla I don’t blame him for spending so less. I’m sure he spent a good amount buu his needs etc and after that is done it’s like what more can you buy without literally throwing money out the window to random people

    • @cmilliii
      @cmilliii Před 4 lety +77

      Yes that is the formula but the real problem is its hard getting even close to making 5k in a month

    • @DabsOnDabs
      @DabsOnDabs Před 4 lety +69

      @@cmilliii exactly lol. "this is the formula" comment has 726 likes, as if $150k/yr salary is a normal thing.

    • @asherschulze94
      @asherschulze94 Před 4 lety +1

      t a x e s

    • @williamdean4775
      @williamdean4775 Před 4 lety +3

      @@cmilliii Can be done in real estate or insurance. Both fields you don't need a degree

  • @samoerly947
    @samoerly947 Před 4 lety +5263

    Man’s going to propose to his girlfriend with a ring pop he got for free on Halloween

    • @ricenbeans3033
      @ricenbeans3033 Před 4 lety +14

      Samsung O'Really lmao!! Facts

    • @Gryptonaire
      @Gryptonaire Před 4 lety +22

      Honestly I don't see what the problem is lmao. If my man did that I would think it's fcking adorable

    • @loaialdossary2893
      @loaialdossary2893 Před 4 lety +22

      Christine Fu. You know i could be your man

    • @acidalex420
      @acidalex420 Před 4 lety +1

      Sam Oerly this one 😭😭😂😂

    • @xoxo.marlow
      @xoxo.marlow Před 4 lety +10

      They wouldn’t get married though; the traditional party is expensive, the only advantage is legal, and that’s possible to get just by signing a document

  • @BenjaminMRogers
    @BenjaminMRogers Před 4 lety +2288

    This is legit the most insane crossover of CZcams 2019.

  • @aviationetwork
    @aviationetwork Před 4 lety +3393

    I can’t be the only one who said “no f**king way” out loud when this came up in the recommended

  • @crosswarrior7
    @crosswarrior7 Před 4 lety +2045

    CNBC: "So, what's your hobby?"
    Graham: "Collecting money."

    • @adhirajsingh8920
      @adhirajsingh8920 Před 4 lety +3

      you can make fun of him when you start making the same salary. Otherwise, keep your mouth shut.It is his hard earned money and you cant tell him what to do with it.

    • @joannekim8433
      @joannekim8433 Před 4 lety +38

      Adhiraj Singh He’s not badmouthing him, it’s just a joke....lighten up.

    • @amateurtries7542
      @amateurtries7542 Před 3 lety +7

      @@adhirajsingh8920 I don't see how one needs to make the same salary as him to make fun, not to mention that the OP wasnt even being toxic about it,
      While you on the other hand...

    • @narutofan4545
      @narutofan4545 Před 2 lety

      Sad

  • @jason_v12345
    @jason_v12345 Před 4 lety +2484

    7:46 Dude makes 1.6 million a year and doesn't own a pasta strainer.

    • @prncessbaby16
      @prncessbaby16 Před 4 lety +25

      I noticed that too lol

    • @Itsdrax911
      @Itsdrax911 Před 4 lety +132

      That's too expensive dude

    • @prncessbaby16
      @prncessbaby16 Před 4 lety +180

      @@Itsdrax911 I got mine from the dollar store so he could reward himself with that instead of a cheeseburger from the dollar menu at mcd lol

    • @katherinezp
      @katherinezp Před 4 lety +18

      He seems like doesn't care much with Life quality

    • @magicsam407
      @magicsam407 Před 4 lety +2

      Cheyenne Michelle-Rena Only if he gets all of his work done though

  • @NaeOnYT
    @NaeOnYT Před 4 lety +2531

    If Graham Stephan doesn't react to his own video, this whole thing was a waste.

  • @Jungernaut
    @Jungernaut Před 4 lety +491

    I hope this guys get lit up on the Graham Stephan show.

  • @Splexsychiick
    @Splexsychiick Před 4 lety +2469

    He's rich but cheaper than me who is not rich

    • @Spidr-Man
      @Spidr-Man Před 4 lety +6

      So?

    • @JFresh1520
      @JFresh1520 Před 4 lety +278

      And.... that’s why he’s rich 😑😑

    • @noahranker4133
      @noahranker4133 Před 4 lety +61

      Jordan23_ no he is stupid and dosent enjoy life

    • @zuzanazuscinova5209
      @zuzanazuscinova5209 Před 4 lety +49

      @@noahranker4133 you call having 10 credit cards enjoying life?

    • @Mickeydicky
      @Mickeydicky Před 4 lety +16

      Noah Ranker guess thats why youre not as successful as him

  • @Memoreism
    @Memoreism Před 4 lety +1018

    I like how he makes a million dollars a year but gets excited about the dollar menu at McDonald’s.

    • @profitwages9625
      @profitwages9625 Před 4 lety +24

      Memoreism he does that to connect with his poor viewers

    • @gottfriedj1647
      @gottfriedj1647 Před 4 lety +6

      It felt good to hear that because I just did the same coming out of free workout at the public park and drinking a $2 iced tea

    • @Memoreism
      @Memoreism Před 4 lety +46

      Gottfried J why have a 2$ iced tea when you can have a 20 cent iced tea made at home? :P

    • @Memoreism
      @Memoreism Před 4 lety +12

      Profit Wages something about Stephan seems more innately honest than a lot of CZcamsrs out there. I know that’s a very subjective observation though, it’s difficult to quantify.

    • @donquixoterosinante7899
      @donquixoterosinante7899 Před 4 lety

      Just like Warren and bill

  • @kennythekid130
    @kennythekid130 Před 4 lety +7826

    $220 for a gym membership? Graham is going to roast this guy

  • @ily2PM
    @ily2PM Před 4 lety +3049

    CNBC: "Here's how he spends his money"
    Me: Ya mean here's how he doesn't spend his money

    • @random9389
      @random9389 Před 4 lety +2

      Money and spending are as relevant as the next man on the moon who discovered the price of paragon.

    • @meganle5204
      @meganle5204 Před 4 lety +10

      not paying for coffee and designer's clothes

    • @xxkarlosxxxxxx7233
      @xxkarlosxxxxxx7233 Před 4 lety

      Megan Le can’t relate...

    • @JustJulesO
      @JustJulesO Před 4 lety

      @@meganle5204 smart

    • @area51reviews
      @area51reviews Před 4 lety +8

      Ridiculous, earning that much money and still stingy with a cup of coffee.

  • @ashikwful
    @ashikwful Před 4 lety +3228

    Graham: NoBoDy iS aS fRuGal aS I Am.
    Indian families: allow us to introduce ourselves

  • @CCCFFHO
    @CCCFFHO Před 4 lety +314

    Lesson learned:
    If you wanna be rich, you gotta be cheap first.

    • @williamwilson7857
      @williamwilson7857 Před 3 lety +2

      Come on, nature never expresses itself other than abundantly. When springs comes, do you think nature saves it's leaves for the next tree and the next season ?

    • @Kabra2012
      @Kabra2012 Před 3 lety +2

      ​@@williamwilson7857 Animals that depend on constant abundance starve to death during barren periods. Survival in nature often depends on storing up a surplus of resources.

    • @williamwilson7857
      @williamwilson7857 Před 3 lety +1

      @@Kabra2012 They have no reason like humans do ( although people are acting like animals for most of the part without thinking at all ) But we have thinking virtue and thinking to be cheap in order to be rich is error in thinking itself. All 3d world comes from spirit. We tap in that spirit by thinking. We generate our reality every moment by our thoughts and attitude. Think prosperity in your consciousness all day along and you will witness prosperity in your life

    • @Kabra2012
      @Kabra2012 Před 3 lety

      ​@@williamwilson7857 A simple example in nature are animals that hibernate. There are many more examples if you look into it.
      So now you're dipping into spirit stuff, but that doesn't negate the actions that this guy takes to enrich himself. How are you to say that his thinking isn't thinking "prosperity"? Many would certainly look at what he has and would call that prosperous.
      Moreover, I stand by my disagreement with your notion that frugality and sustainable consumption is somehow against nature. If you're turning this into some meta-physical spiritual chat, then that's a point of disagreement that goes into a whole other direction.

    • @williamwilson7857
      @williamwilson7857 Před 3 lety

      @@Kabra2012 I am just saying that saving $5 for coffee or something else $5 in order to save $300 a month and to get rich by this way is ridiculous and not understanding how universe is operating by exact laws...And money is spirit in origin...

  • @GrahamStephan
    @GrahamStephan Před 4 lety +10174

    Thank you so much for the opportunity, it really means a lot to me! It’s been so difficult to keep it a secret from everyone for a few months now, I’m so excited to see this 😂

    • @alexszeto5134
      @alexszeto5134 Před 4 lety +76

      FINALLY

    • @gwimmer98
      @gwimmer98 Před 4 lety +53

      This is the first time ever I have turned on CZcams notifications

    • @cassandra7665
      @cassandra7665 Před 4 lety +131

      We're all waiting for you to react to... wait for it... *deep breath* MILLENNIAL MONEY

    • @thelifeofnicx
      @thelifeofnicx Před 4 lety +39

      Graham I'll make sure they smash that like button for you 🤣🤣

    • @Ghost-my1tr
      @Ghost-my1tr Před 4 lety +1

      Oh man we're excited too. Saw it posted on the Facebook group, now it's only 3 minutes away

  • @user27278
    @user27278 Před 4 lety +11045

    Dude literally bullied his way into this show lmao

  • @jecolia855
    @jecolia855 Před 4 lety +370

    I make 0$ a month yet he spends less than me

  • @rasputinswalloper475
    @rasputinswalloper475 Před 4 lety +463

    He's essentially a You Tube millionaire, but the money is channeled into Real Estate. Good going.

    • @sniperking8452
      @sniperking8452 Před 4 lety

      n s he would still be a millionaire, he makes wayyyy more than $120k from things other than youtube

    • @sniperking8452
      @sniperking8452 Před 4 lety +1

      @n s no that is just his properties, he also makes money from his job. He has sold a house worth $7 million before.

    • @sniperking8452
      @sniperking8452 Před 4 lety +3

      @n s 175k from one house!!!! How many houses do you reckon he sells in a year?

    • @sniperking8452
      @sniperking8452 Před 4 lety +4

      n s he lives in California so I reckon the houses he generally sells generally cost between $300k and $7million, he definitely earns at least $300k from his job and $100k from properties not funded by youtube

    • @Jasonsmith-sr1ke
      @Jasonsmith-sr1ke Před 4 lety

      The SniperKing lmao pepega

  • @BrooklynLondoner
    @BrooklynLondoner Před 4 lety +5742

    I literally cannot believe Graham is on millennial money - mind blown

    • @hinwingwoo5488
      @hinwingwoo5488 Před 4 lety +66

      It was a treaty agreement. CNBC is going to allow Graham to keep cashing in on reaction videos bc he allowed them to cash out on an interview with him. Bet you they make a few million off this video! Lmao

    • @mattbryant7124
      @mattbryant7124 Před 4 lety +35

      i cant wait to see if he reacts to his own video. lol i am loving this.

    • @jpg1663
      @jpg1663 Před 4 lety +32

      Graham will now have to watch this video, and make a video reaction to it.

    • @erickc829
      @erickc829 Před 4 lety +6

      Hinwing Woo lmao they won’t make a million of this vid 😂😂

    • @tsaunders154
      @tsaunders154 Před 4 lety +4

      @Brooklyn Londoner , I know I’m so proud of him

  • @boomsuga
    @boomsuga Před 4 lety +775

    Least this guy is honest about his grades and not getting into college

    • @diegodarocha03
      @diegodarocha03 Před 4 lety +37

      Meanwhile I took Physics for an extra year since it "opens doors"

    • @scorpiongaming8687
      @scorpiongaming8687 Před 4 lety +36

      College is pretty pointless, it's just society puts so much emphasis on it that it seems so important. If you don't get in its nothing to be ashamed of

    • @angelrosales8792
      @angelrosales8792 Před 4 lety +8

      Yeah, and he's not strapped with student loans.

    • @1yougotrickrolled603
      @1yougotrickrolled603 Před 4 lety +6

      Scorpion Gaming Who's going to take over most of the jobs if no one strives for a degree? And what other 6 figure jobs are available? Let's all be real estate agents......

    • @pepperminttree
      @pepperminttree Před 4 lety +7

      Scorpion Gaming its not pointless some people really need it for their feild🤦‍♀️

  • @amandaappels8371
    @amandaappels8371 Před 4 lety +1250

    “I don’t want to be a billionaire I don’t know what I would even do with all that money” I do graham lol you would do absolutely nothing with it except put it in various high interest savings accounts and go to Dave and busters to celebrate

    • @samoerly947
      @samoerly947 Před 4 lety +103

      Dave and busters costs too much, he'd go to happy hour sushi.

    • @kso5306
      @kso5306 Před 4 lety +53

      Sushi is still too much, he’d get his 2 double cheeseburgers

    • @editsontoast
      @editsontoast Před 4 lety +28

      Ignacio Alvarado but only if he gets his work done that day

    • @Ysmnfgj
      @Ysmnfgj Před 4 lety +11

      Dankhub nah he'll probably even drinking 1 dollar coffees

    • @victoriapowers576
      @victoriapowers576 Před 4 lety +8

      Go buy land to protect the trees

  • @ANonyMouse627
    @ANonyMouse627 Před 4 lety +1211

    Wow, I didn't know 85% of his income came from CZcams

    • @earningattorney9887
      @earningattorney9887 Před 4 lety +439

      Yo for real I thought he was slinging mad amounts of property a month, turns out hes a pretty average agent.

    • @matthchuw1796
      @matthchuw1796 Před 4 lety +34

      @@earningattorney9887 yea that is exactly what I was thinking!

    • @fluxed9447
      @fluxed9447 Před 4 lety +86

      @Green Giant to be fair, his channels are quite new and only started picking up in the last 1-2yrs. It'd make sense to switch focus/time on his youtube vids more than real estate as of now.

    • @thebougiewinechick1869
      @thebougiewinechick1869 Před 4 lety +34

      @@earningattorney9887 how is he an average agent? Even if real estate was 10% of his income thats 160k a year which is definitely more than your average agent.

    • @earningattorney9887
      @earningattorney9887 Před 4 lety +16

      @@thebougiewinechick1869 160k a year in a market with a higher avg cost meaning a single commission in his market will be higher than most others. 160k a year in a market like Dallas? Yes above average, 160k a year in LA? Average.

  • @keitht.4826
    @keitht.4826 Před 4 lety +1512

    I don't think I've ever been this excited to see someone on millennial money before

  • @dragontec48
    @dragontec48 Před 4 lety +722

    This guy has no financial discipline, Graham’s gonna ruin this guy’s career and then invite him to the Graham Stephen show.

  • @samuela788
    @samuela788 Před 4 lety +736

    The real prank is paying 220 dollars a month for a gym membership.

    • @commentsrmymiddlenam
      @commentsrmymiddlenam Před 4 lety +56

      amazing thing is, its not even 1% of his monthly income. It’s like all the water droplets u accidentally spill out of a glass, insignificant

    • @bekkalitzner7227
      @bekkalitzner7227 Před 4 lety +95

      He said he only does it because it’s right next to his office so it saves time and gives him more motivation to go instead of having to drive somewhere
      So to him $200 for gym membership is worth it

    • @JTLifestyle1
      @JTLifestyle1 Před 4 lety +26

      Not to mention the mental factor too! If he was spending less on a membership it would give him less incentive to go.

    • @HunkMine
      @HunkMine Před 4 lety +6

      It's nothing for him, but he looks well out of shape reguardless

    • @LuG8911
      @LuG8911 Před 4 lety +8

      @@HunkMine lol exactly he could save 220 a month and hit 10 push ups 10 situps and 10 pull ups at home and he'd look the same

  • @_baller
    @_baller Před 4 lety +783

    He doesn't look like someone who would do bad in school

    • @zipporahthecushite7729
      @zipporahthecushite7729 Před 4 lety +120

      According to the book The Millionaire Next Door, most millionaires in the US were C students.

    • @dennis771
      @dennis771 Před 4 lety +20

      tommy d u b b s to be rich is not about how smart you are but how hard you work and motivational

    • @sansfreedom1629
      @sansfreedom1629 Před 4 lety +30

      @@dennis771 Speaking for myself, I never saw the value in the menial work school throws at you day to day. As Graham has said before, you're never going to use Algebra 2 to advance your net worth. I've always been interested in more lucrative pursuits, personally.

    • @betohax
      @betohax Před 4 lety +71

      Jeff Bezos was valedictorian of his high school and went to a prestigious university. It's not only c students who do well.

    • @tayduatrinhcoi
      @tayduatrinhcoi Před 4 lety +1

      @@zipporahthecushite7729 Ah the power of being forced against the wall because no good school takes you and no corporate takes you either.

  • @KevinConwayChannel
    @KevinConwayChannel Před 4 lety +406

    I can't wait to see Graham's take on this Graham guy.

  • @tisharmoss2170
    @tisharmoss2170 Před 4 lety +1573

    Graham reacting to his own millennial money: 20 cent ice coffee I know he can get that down a little bit

    • @LuluLinArt
      @LuluLinArt Před 4 lety +20

      He can without that coconut creamer. It saves him 2 cents. Lol

    • @Disorganized_and_chaotic
      @Disorganized_and_chaotic Před 4 lety +3

      Cafe bustelo will get his costs down

    • @DrewShah
      @DrewShah Před 4 lety +1

      😂

    • @Michael-jm5ix
      @Michael-jm5ix Před 4 lety

      It looks like he has a nespresso. I can only finds deals at $.75 a pod. I would like to know how he's doing $.20 =)

    • @Disorganized_and_chaotic
      @Disorganized_and_chaotic Před 4 lety +1

      @@Michael-jm5ix he keeps a pot of brewed coffee in his fridge, I don't think he has a fancy machine.

  • @Rendus4
    @Rendus4 Před 4 lety +242

    Wow, he seems so genuinely happy with his girlfriend. I think that's worth more than the money he makes.

  • @srve8908
    @srve8908 Před 4 lety +279

    I went in like I’m going to hate this guy
    But then
    I realized he ain’t that bad
    Strong work homie

  • @kaylavald
    @kaylavald Před 4 lety +1057

    Graham: “He’s gonna need to cut down on that $200+ spent on Equinox”

    • @garrisonbrown1170
      @garrisonbrown1170 Před 4 lety +3

      Kayla Valdellon Facts! 😂

    • @mllejessful
      @mllejessful Před 4 lety +9

      I bet he brings travel containers to stock up on the Kiehl's products 😂

    • @treykennedy8897
      @treykennedy8897 Před 4 lety +1

      For sure!!! Hahaha

    • @Jasuta123
      @Jasuta123 Před 4 lety

      You know when someone join equinox gym . They never really go to gym .they go to hotel lounge

    • @GoFastJames
      @GoFastJames Před 4 lety

      Thing is that gym is like a country club / golf course, "networking". So if he's doing that there its paying for it self and nice place to work out at.
      As for a better gym think zoo culture is better.

  • @GeorgeAusters
    @GeorgeAusters Před 4 lety +1005

    How to get rich: Teach people how to get rich.

  • @abstro9942
    @abstro9942 Před 4 lety +221

    "Ok, I know it sounds weird too, but I do end up rewarding myself every now and then .. at McDonald's from the dollar meñu"

    • @clear5136
      @clear5136 Před 3 lety

      @Green Giant He said he spends around 70-80 $ a month on food in a video once

  • @kylieyuen5521
    @kylieyuen5521 Před 4 lety +553

    White dude: frugal
    Asian dude: cheap

    • @nsebast
      @nsebast Před 4 lety +15

      The benchmark is different. He is frugal for a white guy. For us Chinese it's called being normal lol. But he is quite frugal, maybe more than me but not by much and I'm Chinese.

    • @kylieyuen5521
      @kylieyuen5521 Před 4 lety +12

      @@nsebast i'm chinese too but he's still wayyy more frugal than me. I give money to my parents and save the rest, hardly ever eat out or buy anything for myself. Seeing the amount in the bank increase gives me great pleasure, but i normally don't go to extremes like him. When i do eat out, everyone orders their own food, and i wouldn't bother going from bank to bank to bank to bank... negotiating a lower mortgage rate like he did.

  • @scotttaylor5928
    @scotttaylor5928 Před 4 lety +2854

    This guy wasn’t kidding he really only spends 3.8% of his income

    • @outlastmma
      @outlastmma Před 4 lety +100

      And he makes a lot of what he spends back on tax deductions 😂

    • @armenyegoryan3064
      @armenyegoryan3064 Před 4 lety +151

      This guy buys no food for his girlfriend, what’d you expect 😂

    • @ibuyfriends4467
      @ibuyfriends4467 Před 4 lety +7

      @@armenyegoryan3064 LOL

    • @SharJ24
      @SharJ24 Před 4 lety +44

      @@MohammadIsmail-fy4qj
      Not a lot at all for LA based on the cost of living.

    • @loganc2380
      @loganc2380 Před 4 lety +14

      @@MohammadIsmail-fy4qj you know he doesnt really pay for his mortgage, it's all covered by the other unit in his duplex
      Oh and basically everything he does is tax deductible bc he writes it off as a company expense. So really he spends under 2k a month at the end of the year

  • @NateOBrien
    @NateOBrien Před 4 lety +697

    I have a feeling this will end up on the trending page

  • @itstatilol4392
    @itstatilol4392 Před 4 lety +73

    Imagining the Millennial Money casting agent finally giving into the thousands of comments and calling graham up like 🤷‍♀️

  • @td.i4632
    @td.i4632 Před 4 lety +258

    He's not cheap, he's smart. And totally agree with buying coffee - such a waste of money

    • @jerome0929
      @jerome0929 Před 4 lety +10

      The way to go is to invest in Starbucks stocks with the money you woulf spend drinking coffee.
      Average drink is $5 and people drink 2-3 a week.
      Thats $15 a week times 4 = $60
      Thats $720 a year.
      Starbucks average growth based on the last 5 years is 10.6% yearly.
      $76.32 yearly profit. Plus they payed 2.11% dividends = $15.19
      Total of $91.51 profit and if you reinvest it, then you get compound interest which means every year your profits gains will increase gradually.

  • @m00n_d0ll
    @m00n_d0ll Před 4 lety +748

    “Here’s how he DOESNT spend his money” 😂

    • @rpierrelouis071
      @rpierrelouis071 Před 4 lety

      czcams.com/video/kMoI0rJFAT0/video.html

    • @ArnhemAntiques
      @ArnhemAntiques Před 4 lety

      Which will be his downfall in the end, he cant earn it faster than Quantitative easing is printing it at the moment.

    • @compassbrian
      @compassbrian Před 4 lety

      Arnhem Antiques yeah, the fed is doing “quantitative tightening” right now, not easing... unless you’re in Europe or China that is, their federal reserve banks are doing quantitative easing currently.

    • @ArnhemAntiques
      @ArnhemAntiques Před 4 lety

      @@compassbrian ''The federal reserve said last friday it would begin buying government-backed securities to expand its balance sheet'' Sounds like QE to me though. I cannot find any articles on the printing presses shutting down anywhere. Lets just hope recession kicks in before inflation runs out of control.

    • @robertfrankzhang
      @robertfrankzhang Před 4 lety

      @@ArnhemAntiques Even if that's true, that's not a him problem though. More of an everyone problem. And obviously investing in projects with much higher ROI or even saving at close to 0% interest, is a far better way to increase net worth over time than spending it all now lol. If inflation ever goes higher than 5% in the US, considering the US dollar backs most international markets, we'll have bigger issues to worry about

  • @omarsuarez8471
    @omarsuarez8471 Před 4 lety +764

    This guy spends 200 on a gym membership???!!! Can’t wait for graham to roast this guy for spending so much on gym.

    • @ramoncales1210
      @ramoncales1210 Před 4 lety +6

      Omar Suarez Plot Twist

    • @JohnSkyLey
      @JohnSkyLey Před 4 lety +2

      He goes to equinox

    • @nahshondevose4610
      @nahshondevose4610 Před 4 lety +60

      True. But he always says if your gonna spend a lot of money on something, do it for health because it’s a long term investment

    • @palecrayon
      @palecrayon Před 4 lety +14

      @@nahshondevose4610 then invest in home equipment rather than spending way more over time on a gym

    • @nahshondevose4610
      @nahshondevose4610 Před 4 lety +1

      palecrayon u right.

  • @darklightreaper1
    @darklightreaper1 Před 4 lety +68

    Graham: nobody is more frugal than i am
    Mr Krabs: Hold my secret formuler

  • @alexwholland
    @alexwholland Před 4 lety +72

    0:17 should be "Here's how he doesn't spend his money"

  • @yungcripple
    @yungcripple Před 4 lety +1228

    Graham does millennial money. Whispers “it’s free real estate”

  • @entertainmentprime101
    @entertainmentprime101 Před 4 lety +957

    Graham must confront this person. He would like him.

    • @bibekadhikari4357
      @bibekadhikari4357 Před 4 lety +1

      You know you want that @-@

    • @Abigail-ib1nm
      @Abigail-ib1nm Před 4 lety +1

      Honestly 😂

    • @JoeGarofaloII
      @JoeGarofaloII Před 4 lety +19

      He would probably punch him in the face for that $220 a month gym membership 🤣

    • @johnturnerjr7221
      @johnturnerjr7221 Před 4 lety +2

      Who do we have to pay to make this happen?

    • @pmipjv
      @pmipjv Před 4 lety +1

      This guy needs to be invited to the garage for some iced coffee and avocado toast.

  • @itsdavincidavinci
    @itsdavincidavinci Před 3 lety +4

    Graham is a realistic example of how you can be frugal and still have fun

  • @Editorknowsbest
    @Editorknowsbest Před 4 lety +102

    These type of videos often depress or frustrate me, but I genuinely enjoyed this one. Graham’s lifestyle is practical and inspiring.

    • @narutofan4545
      @narutofan4545 Před 2 lety +1

      This is inspiring?

    • @NuttedInYoMom
      @NuttedInYoMom Před 2 lety

      Do not feel frustrated that your life isn't on par with someone more successful. Instead Choose to feel inspired that someone more successful has accomplished their life goals and dreams, and thus You can too.
      Best 👍

  • @KyleSulkar
    @KyleSulkar Před 4 lety +610

    No one:
    Graham: yeah so I’m going to reverse engineer the whole CNBC channel and then create the most insane crossover and THEN react to myself
    Love this

  • @ShaferHart
    @ShaferHart Před 4 lety +495

    Can't wait for Graham to tell this guy to lose the girlfriend.

    • @emmanuel1163
      @emmanuel1163 Před 4 lety +31

      It's a depreciating asset!

    • @hinwingwoo5488
      @hinwingwoo5488 Před 4 lety +21

      I dunno..she sounds like a keeper..my wife figures out how to spend 2 dollars everytime I make 1..lol

  • @theveganalien7091
    @theveganalien7091 Před 4 lety +115

    80k a month off of CZcams? Time to start a channel lol

    • @hunnerdayEDT
      @hunnerdayEDT Před 3 lety +5

      The secret is that money and beauty channels make more per 1,000 views than any other type of video.

    • @kirisutegomen12
      @kirisutegomen12 Před 3 lety +1

      Crazy huh

    • @jeanp.5929
      @jeanp.5929 Před 3 lety

      I've been telling myself to start posting videos forever and ever. I've posted three videos but deleted them cuz I'm just not into making videos.

  • @yasinpatel12345
    @yasinpatel12345 Před 4 lety +2

    humble and grateful dude, can't sense any fakeness in him! Transparent and tells you how it is, how he got to where he is no sugarcoating. Respect his honesty and best of luck to him, looks happy!

  • @adamsanchez6633
    @adamsanchez6633 Před 4 lety +927

    I can NOT be the only one who let out a gasp of disbelief when this came up on my recommendations!!! :0 I’ve peaked

    • @patw.6567
      @patw.6567 Před 4 lety +1

      Adam Sanchez for real graham got their attention and good for him

    • @purposefullivin
      @purposefullivin Před 4 lety +1

      I scrrreeeeeamed

    • @ad1ldo
      @ad1ldo Před 4 lety +1

      I died

  • @marqcorona684
    @marqcorona684 Před 4 lety +3324

    I wish he was bad with his money so that way Graham could get mad.

  • @sophien5416
    @sophien5416 Před 4 lety +2

    Omg I haven't even seen Graham on the Oppenheim group show! I hope he is on next season. I love this Millennial Money series, its just shows that anyone can make it and that being frugal is a life skill, no matter how much money you have. Graham seems like a down to earth guy.

  • @Kazztam94
    @Kazztam94 Před 4 lety +7

    He might be cheap but he’s hella smart about his money and i need that mindset

  • @bryantran2795
    @bryantran2795 Před 4 lety +738

    Now we just wait for him to release: “Millionaire Reacts: Living on $1.6 Million a Year in Los Angeles | Millenial Money”

    • @patjohnson9239
      @patjohnson9239 Před 4 lety +4

      Literally

    • @llatoya85
      @llatoya85 Před 4 lety

      Haha

    • @RelearnMath
      @RelearnMath Před 4 lety

      MeetKevin has the video up

    • @xxkarlosxxxxxx7233
      @xxkarlosxxxxxx7233 Před 4 lety

      sepehr samadi right when u can actually make a gym at home ... it will be cheaper in the long run

    • @Koushi82
      @Koushi82 Před 4 lety

      @@sepehrsamadi4593 we already did in comments. Also cellphone bill can be cheaper. 85 bucks?!....
      Mvno and or family plans.

  • @allegedpancake2344
    @allegedpancake2344 Před 4 lety +444

    I can see it now,
    “Confronting Graham from Millenial Money” | The Graham Stephan Show

    • @jiLiIsAliveAndSleepy
      @jiLiIsAliveAndSleepy Před 4 lety +3

      Waiting for this episode 😂

    • @Burtannia
      @Burtannia Před 4 lety +10

      "Graham's Girlfriend Confronts Graham from Millenial Money" | The Graham Stephan Show

    • @fiatdestroyer9716
      @fiatdestroyer9716 Před 4 lety

      Yessss, that would be awesome!🔥🔥🔥

  • @AllAboutPurple
    @AllAboutPurple Před 4 lety +38

    Totally agree with the coffee thing. I haven’t been to Starbucks in 2-3 years I can’t even remember. Total waste of money.

    • @jerome0929
      @jerome0929 Před 4 lety +2

      The way to go is to invest in Starbucks stocks with the money you would spend drinking their coffee.
      Average drink is $5 and people drink 2-3 times a week.
      Thats $15 a week times 4 weeks= $60
      $60 times 12 months =
      Thats $720 a year.
      Starbucks average growth based on the last 5 years is 10.6% yearly.
      $76.32 yearly profit. Plus they payed 2.11% dividends = $15.19 a year.
      Total of $91.51 profit and if you reinvest it, then you get compound interest which means every year your profits gains will increase gradually.

  • @MrBazukaz
    @MrBazukaz Před 4 lety +46

    I understand him saving money,the cost of living in LA is expensive

  • @kodyphillips816
    @kodyphillips816 Před 4 lety +522

    I hope he does a review of his own millennial money

  • @sarthakgupta15j
    @sarthakgupta15j Před 4 lety +465

    Everyone hail to the King of Millennial Money!

  • @nalanpandian9355
    @nalanpandian9355 Před 4 lety +81

    "No one is more frugal than I am", he clearly hasn't met indian parents

  • @benwilson8583
    @benwilson8583 Před 3 lety +1

    Graham Stephan- thanks for the candid, down-to-earth videos. This mentality coupled with a can-do attitude and remaining grounded will continue to make you successful! I’m a new subscriber and am enjoying it!
    Ben

  • @user-ms8hd7fk9c
    @user-ms8hd7fk9c Před 4 lety +1887

    Omg is this really happening?? I'm dead

  • @graceparsons4841
    @graceparsons4841 Před 4 lety +819

    Was anyone else just waiting for him to say “... millennial money”

    • @hajeraa
      @hajeraa Před 4 lety +1

      Grace Parsons YESSSSSSS 😂😂😂

  • @wowso4
    @wowso4 Před 4 lety +8

    Best of luck to him, I also refuse to spend my money on store bought coffee when I can make a cheap coffee at home.

  • @itisfiya5729
    @itisfiya5729 Před 4 lety +48

    I'm glad he has good woman that don't use him! She's a keeper and marriage material!

    • @TheRomaEdition
      @TheRomaEdition Před 4 lety +2

      It is Fiya she is good at investments as well)

    • @criticaltweaker4393
      @criticaltweaker4393 Před 4 lety +8

      Yeah sure. Just wait till they get married.. 😅🤣😅🤣😅🤣

    • @sineadiloveyou
      @sineadiloveyou Před 3 lety +4

      I hope he spoils her though. She deserves it.

    • @anneliselim602
      @anneliselim602 Před 3 lety +4

      The advice I give to fellow women is: get a man that pampers u like a daughter and respect u like his mother.

    • @jeanp.5929
      @jeanp.5929 Před 3 lety +1

      @@sineadiloveyou She's the type to spoil him.

  • @karelypena6931
    @karelypena6931 Před 4 lety +266

    This guy has got the biggest grin. We finally got him boys.

  • @darkhorse0687
    @darkhorse0687 Před 4 lety +599

    "This guy has got to get that gym membership down."- Graham Stephan

  • @willwalsh630
    @willwalsh630 Před 4 lety +2

    So happy for you Graham - well deserved. Thanks CNBC for covering someone like this.

  • @813cars2
    @813cars2 Před 4 lety +3

    can’t wait for graham to review this one

  • @rohanm4214
    @rohanm4214 Před 4 lety +936

    He is probably the most down-to-earth millionaire in LA.

    • @19Hollisterchick90
      @19Hollisterchick90 Před 4 lety +91

      Most millionaires are like this. I know quite a few through real estate. Those who aren't down to Earth are typically celebrities and the psuedo-affluent.

    • @omegablast2002
      @omegablast2002 Před 4 lety +2

      (x) Doubt

    • @Ahad_Faisal
      @Ahad_Faisal Před 4 lety +2

      Mac J yeah they’re all out in space

    • @goikofinanzas
      @goikofinanzas Před 4 lety +4

      Mac J only the new rich are not down to earth.

    • @tiendoan1333
      @tiendoan1333 Před 4 lety +2

      @Mac J Source?

  • @linkstale
    @linkstale Před 4 lety +319

    Lmfao he loves this show so much he’s actually in it

    • @hosshydraa1181
      @hosshydraa1181 Před 4 lety +5

      I mean, it just be like that sometimes.

    • @lidyasolomon5557
      @lidyasolomon5557 Před 4 lety

      Funny as haill

    • @kgal1298
      @kgal1298 Před 4 lety

      Ever since he started commenting on it his following really grew so it makes sense he loves it, though I get a little bored with the formatting of it.

  • @thehonestman2288
    @thehonestman2288 Před 4 lety +38

    He’s doing well but his gym is too expensive. 🥴

    • @deaconlastname6406
      @deaconlastname6406 Před 4 lety +1

      A big reason he pays that much is that this gym is really close to his house

    • @jerome0929
      @jerome0929 Před 4 lety

      I payed $380 for 2 years of membership.
      $200 a month in ridiculous, I want to think that’s a mistake, I expect better from Gram

  • @GalenConnell
    @GalenConnell Před 4 lety +9

    I wanted to see someone balling out. Now i just feel bad about how much money i spend.

  • @yovizx
    @yovizx Před 4 lety +362

    Graham should definitely confront this guy for the $220 gym membership.

    • @Kivutar
      @Kivutar Před 4 lety +11

      He explained it in one of his videos. Worth it for the exclusivity - never crowded, location and perks.

    • @ikjon23
      @ikjon23 Před 4 lety +1

      lollllllll

    • @Double333D
      @Double333D Před 4 lety +16

      If you're going to have one splurge, staying in shape is def worth it

    • @DinaTiffany
      @DinaTiffany Před 4 lety

      😂😂😂😂😂

    • @lewissmith4903
      @lewissmith4903 Před 4 lety +2

      @@TheRybka30 dental is usually it's own thing or u can just pay a couple hundred bucks for a cleaning

  • @einsteinessibu1952
    @einsteinessibu1952 Před 4 lety +1067

    This video is to all those people who still think he is fake.

    • @jackl8349
      @jackl8349 Před 4 lety +17

      Fake how?

    • @donotreplydumbpeople3866
      @donotreplydumbpeople3866 Před 4 lety

      Yepp

    • @kevinarzola4781
      @kevinarzola4781 Před 4 lety +22

      Who wouldn’t believe a guy that sells millionaire homes isn’t a millionaire? This is actually on the low end for a big money retailer. It’s easy to believe

    • @saraashkir5793
      @saraashkir5793 Před 4 lety +15

      Jack L I think some people dont believe he makes that much money. Millennial money checks out their statements to make sure the people they have on the show really make and spend what they say they do

    • @JessieR2023
      @JessieR2023 Před 4 lety +1

      I don’t even know him, but I don’t even care. Doesn’t look like he can pick up an average ho on the street unless he wave some money at her face.

  • @joshmccoy5048
    @joshmccoy5048 Před 4 lety +2

    I just now realized that his CZcams videos are dedicated to talking about how everyone else on this show spends their money lmao. We have officially come full circle.

  • @capturedbypaige9484
    @capturedbypaige9484 Před 4 lety +1

    I watched Stephan from
    The jump. I would sit at work bored af literally bored like I didn’t not like my job. And I learned a lot from Stephan definitely motivated me!!

  • @arhamnewaz9158
    @arhamnewaz9158 Před 4 lety +1015

    No one:
    Milliennial Money: I'm going to do what's called a Pro Gamer Move.

  • @bge1234
    @bge1234 Před 4 lety +216

    It took me a few seconds to realize that this was a CNBC video and not a video of Graham reacting to a CNBC video.

    • @LuluLinArt
      @LuluLinArt Před 4 lety +10

      That's what I thought too! I was wondering when he'd get tired of waiting and then just make his own Millenial Money. Luckily CNBC pulled through before that happened.

    • @diamagneetik
      @diamagneetik Před 4 lety

      Same!

    • @Evergreenvic
      @Evergreenvic Před 4 lety +1

      Same. Thought I was being trolled.

    • @_Digitalguy
      @_Digitalguy Před 4 lety

      yeah, unbelieveble

    • @callmehugh7983
      @callmehugh7983 Před 4 lety +1

      I'm waiting for Graham to react to this video.

  • @FireEmblemWarrior14
    @FireEmblemWarrior14 Před 4 lety +1

    omg!!!!! I've been waiting...... this is the legendary content I've been anticipating!!

  • @charlottedavis5882
    @charlottedavis5882 Před 4 lety

    Hey Graham, loved that Kevin O’Leary commented on your Millennial Money video! I enjoy sharing your CZcams channel with my family and friends! Keep it up!

  • @dmcaf6841
    @dmcaf6841 Před 4 lety +499

    Honestly thought that he made his own thing about himself like a parody until I saw what Chanel this is

  • @dzuz
    @dzuz Před 4 lety +605

    “No one is as frugal as I am.”
    Does he know who Mr. Krabs is?

    • @DirtRoadAutoRepair
      @DirtRoadAutoRepair Před 4 lety +6

      Daniel Arevalo-Santos did you watch the graham video of him reacting to the couple who share a toothbrush. Yeah he ate his words on that one lol Graham has new couple goals.

    • @chocolatechick729
      @chocolatechick729 Před 4 lety +1

      Omg 🤣🤣🤣🤣🤣🤣 your comment was too funny

    • @funmilayoogunrayewa8730
      @funmilayoogunrayewa8730 Před 4 lety +1

      I need a new job😩

    • @nunez849
      @nunez849 Před 4 lety +2

      Daniel Arevalo-Santos if he’s not recycling his used tissues, don’t @me

    • @HawkinaBox
      @HawkinaBox Před 4 lety

      XD

  • @latishafaucette1875
    @latishafaucette1875 Před 4 lety

    I absolutely love this video!!! so Inspiring! This is easily one of my top 5 fave Millennial Money episodes!!!!!!

  • @adobewanjerkobi
    @adobewanjerkobi Před 4 lety +6

    I thought this was gonna be a rando but then it ended up being the guy that convinced me to buy a house and then buy a duplex which I am renting out.

  • @joseortiz_io
    @joseortiz_io Před 4 lety +240

    No One:
    Graham Stephan: Confronting Graham Stephan from Millennial Money | $200 Gym Membership

    • @RubenTrucks
      @RubenTrucks Před 4 lety

      @Aäron Becker I hope so 😂

    • @antonioakiki3716
      @antonioakiki3716 Před 4 lety

      He confronted himself about it, its besides his office so he says the time saving and convenvience compensate for it

    • @antonioakiki3716
      @antonioakiki3716 Před 4 lety

      Aäron Becker but he lives very frugal for what he earns. And also at a point time is more important than money so spending extra to save time is worth it

  • @benredsmma8884
    @benredsmma8884 Před 4 lety +136

    This is probably going to be the most viewed millennial money episode

  • @gamerswag2752
    @gamerswag2752 Před 4 lety +8

    He spends less than 5% of his income on expenses. Amazing

  • @Asnlvl2
    @Asnlvl2 Před 4 lety +8

    This is hilarious since he's usually reviewing other people's Millenial Money

  • @caralaska
    @caralaska Před 4 lety +1515

    A man who is a millionaire gets double cheeseburgers to motivate himself lmao

  • @lucaspace7173
    @lucaspace7173 Před 4 lety +466

    Graham has to go over this dudes finances, he would be enraged.

  • @1992Bwhite
    @1992Bwhite Před 4 lety +1

    Graham is an awesome youtuber. I find his content incredibly interesting and relevant. He's a great person to aspire to as he does very well for himself and very much is not a fake person like most CZcamsrs these days.

  • @joshuahhhhhh
    @joshuahhhhhh Před 4 lety +2

    I would absolutely love to speak with him. He's part of the reason why I'm working so hard in my life :)

  • @DoDo.444
    @DoDo.444 Před 4 lety +221

    Ladies and gentlemen let's stand up for the King of millenial money.

    • @yourewrong16
      @yourewrong16 Před 4 lety +1

      amén.

    • @anneraso5621
      @anneraso5621 Před 4 lety +1

      He is very smart-he finds avenues of income no other people have thought of. Who would think a Tesla would pay for itself every month? And he bought a property he lives in and is able to rent out the other half. I really think he is in a position to spring for non-generic cream cheese, though.

  • @ShadowRaptor8
    @ShadowRaptor8 Před 4 lety +491

    Infinity War is the most ambitious crossover ever.
    CNBC: Hold my 20¢ iced coffee

  • @sesequatch2598
    @sesequatch2598 Před 4 lety +1

    Graham Stephan is a good guy. He replied to my comment and many others as well!