@kevinoleary
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День томуWhen "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 роки тому
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 роки тому
If selected for an episode, what's the normal time frame for finding out?
@laturista1000 3 роки тому
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 роки тому
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 роки тому
@@laturista1000 "Student loans are unforgivable" unless you're a government employee
@hippybecca 3 роки тому
What age range do you consider a millenial?
@theawesimchannel9086 3 роки тому
Funny how he kept scoffing at how impossible 50k is in nyc. Wonder how much his lowest paid employee in nyc makes...
@hlevin7419 3 роки тому
Probably minimum wage 😂
@James_Lee 3 роки тому
@bacitracin ointment This is so true and universal.
@MattSezer 3 роки тому
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 роки тому
You get paid according to your skill...Sorry we dont live in LA-LA land where everyone gets paid equal.
@marcomonsanto 3 роки тому
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?
@HamptonHawkeye 3 роки тому
Kevin: "$50K in Brooklyn?! That's impossible!" Entry level jobs in NYC: "We beg to differ"
@poganpey2100 3 роки тому
🤣
@bluestonemetallic7 3 роки тому
....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 роки тому
@@bluestonemetallic7 can you give some insight on what types of things are best to save or take advantage of?
@c457jajsudbe 3 роки тому
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 роки тому
There is a reason it is called “entry level”
@rahulpnair24 3 роки тому
Engineering, engineering, engineering. When Kevin o leary sounds like an Indian parent!
@hrisikeshbhattacharya5467 3 роки тому
I swear brother
@johnlee2238 3 роки тому
@@Briguy288 not with that attitude
@onyinyesarah1226 3 роки тому
Literally any immigrant parent
@mohsankhan9149 3 роки тому
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 роки тому
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.
@meiq6812 3 роки тому
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 роки тому
NYC tho
@firstnamenicole 3 роки тому
I'm a 23 year old and I'm still in school so this hurt my feelings a little LOL
@meiq6812 3 роки тому
@@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 роки тому
50 k salary in nyc is 30k in Alabama. Her rent is $900. She probably lives with 4 roommates with bunkbeds
@ytietofficial2706 3 роки тому
Not for nyc
@mgh62000 3 роки тому
She's very financially disciplined for her age. Props to her.
@tomkrass9937 3 роки тому
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 роки тому
All it takes is knowledge 💡
@sanderbrust 2 роки тому
@@nyaluv143 and the right mindset
@lex4422 2 роки тому
Even Kevin acknowledges she's smart
@vilhelmkron7455 Рік тому
I mean shes asian so..
@bobbyburches8026 3 роки тому
He is completely out of touch with the reality of MANY poor people in NYC
@Neon2110 3 роки тому
I know people that are living on 25k a year
@pierrehenry3483 3 роки тому
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 роки тому
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 роки тому
Facts
@katy3901 3 роки тому
Completely. Isn't the median NYC income around $50k?
@the.magic.catbus9459 3 роки тому
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 роки тому
Impressive gal 🙏
@joeboe3059 3 роки тому
That’s your choice and you’re entitled to that. Some people want to build a nest egg though.
@the.magic.catbus9459 3 роки тому
@@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 роки тому
Exactly
@abitamimbharmal1498 3 роки тому
How? 15k means you are living with 8 people in a studio.
@leonlake9063 3 роки тому
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 роки тому
@@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 роки тому
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 роки тому
@@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 роки тому
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 роки тому
PREACH 👌🏼✨
@PeterBilzerian 3 роки тому
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 роки тому
He knows he was lucky and that college isn’t what it used to be. That’s called wisdom 😂
@nordiclingonberry4293 3 роки тому
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 роки тому
@@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 роки тому
@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 роки тому
@@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!!
@rachelfoley7016 3 роки тому
the median HOUSEHOLD income is 54k in brooklyn...
@katy3901 3 роки тому
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 роки тому
But the average household income is around 86k
@katy3901 3 роки тому
@@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 роки тому
@@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 роки тому
@@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 роки тому
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 Рік тому
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 Рік тому
The average amount owed after undergrad for Americans is only $15,000, according to US department of education.
@donaldlyons17 11 місяців тому
@@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.
@michellependergrass2584 3 роки тому
Kevin - $50k? that’s impossible! Meanwhile, she’s putting $880 a month in savings. Who’s the real financial genius here?
@cevcena6692 2 роки тому
The multi-millionaire
@alia1824 Рік тому
@@cevcena6692 the bald man Canadian who studied photography? Only reason he’s reich is because he stole a bank in 1978. Look it up
@LaurenCG12 3 роки тому
As an unemployed engineering graduate , i feel personally attacked 🤣
@NameLastname888 3 роки тому
I was just in your shoes, it gets better. If you have an eng degree you'll be fine
@Aaron-bh5cp 3 роки тому
@@NameLastname888 Not if you don't have work experience.
@Eccentric-YURR 3 роки тому
I dont get it though cause engineering is major high in demand
@LaurenCG12 3 роки тому
@@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 роки тому
ever thought about management or tech consulting?
@starzzzy22 3 роки тому
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 роки тому
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 роки тому
I think he’s idea is that engineering is the safest bet for a high paying job.
@pegatrisedmice 3 роки тому
I'm an engineer in Europe and make a laughably small amount of cash.
@pegatrisedmice 3 роки тому
@@CarHubTalk would love to, but it's suprisingly hard to move there and find a job without connections.
@renaldoawesomesauce1654 3 роки тому
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.
@JESSICA90484 3 роки тому
“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 роки тому
I live in bed stuy now it’s crazy how prices have quadrupled over 20 years
@berksarioz969 3 роки тому
Gotta live in jersey..
@jamesmilligan9496 3 роки тому
Leave?
@icephoenix3565 2 роки тому
Jessica are you Asian? Why do you look like the typical self hating Asian girl who only dates mayo males?
@AllyseEW 3 роки тому
People don't work during college to pay off loans, people work to afford to live in housing
@Person11406 3 роки тому
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 роки тому
Thank you!
@angelabakloyvovtchaikovsky1609 3 роки тому
Dont take out loans. Money is real hard cash
@terseandtiny1746 3 роки тому
@@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 роки тому
Then work full time
@Jnoel608 3 роки тому
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 роки тому
Makes it almost impossible to keep any of your money tho Even with 880 per month
@lazymusician10 3 роки тому
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 роки тому
@@lazymusician10 "At least your state's minimum wage is wayyy better than my state. " the price of everything is higher as well
@nikolnolastname4473 3 роки тому
@@DaftFanPunk preach 🙌
@zestydidra 3 роки тому
@@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!
@mushy470 3 роки тому
Elena: does anything Kevin: smart kid, I do that too
@maxmuller5450 3 роки тому
Muskaan hahaha so underrated
@EwYoureCringe 3 роки тому
Kevin: “It’s impossible to live on $50K a year in NYC” Also Kevin: “A $15 minimum wage is insanity”
@lorenzopadova9749 3 роки тому
$15 minimum wage is insanity. Minimum wage shouldn’t exist.
@showtimem2524 3 роки тому
Lol the nerve right
@Realizinq 3 роки тому
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 роки тому
Two different things. Minimum wage does not lower poverty, it just adds inflation. Cost of the produced goods or service rises.
@specialk22tt 3 роки тому
No one said she had to live in NYC.
@LtotheV_ 2 роки тому
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!
@realSimoneCherie 3 роки тому
Come on y’all lighten up, Kevin’s never been 22.
@amourtoujours779 3 роки тому
🤣🤣🤣😂😂😂
@Shay45 3 роки тому
When he was 22 it was a lot easier
@bd7852 3 роки тому
🤣
@shoal2242 3 роки тому
R u single simone❤????? @Simone Chèrie
@TyWerks 3 роки тому
😂
@esteon8558 3 роки тому
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 роки тому
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 роки тому
Yeah that’s bs cut the $10 coffee at Starbucks a day you’ll be able to do $100
@esteon8558 3 роки тому
@@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 роки тому
It depends on your income ofcourse, just be sure to .
@internetspectator6051 2 роки тому
if u moved back in with ur parents u could save more
@ariakim1868 3 роки тому
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 роки тому
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 роки тому
I opened up a Roth IRA with Vanguard a month or two ago, made ~$40 so far
@EwYoureCringe 3 роки тому
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 роки тому
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 роки тому
Elena Haskins so cool you are responding to comments.
@alainvalladares3111 3 роки тому
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 2 роки тому
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 2 роки тому
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 2 роки тому
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 роки тому
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 роки тому
@@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%.
@alphamoneymindset1270 3 роки тому
“That’s impossible!” Frugal people have entered the chat.
@info_bot 3 роки тому
"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.
@NonchalanceInvasion 3 роки тому
He does realize that minimum wage in NYC is $15 so there are probable people living on 2/3 of that, right?
@EwYoureCringe 3 роки тому
And he has said that raising minimum wage is insanity lol
@marcelrodriguez2067 3 роки тому
@@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 роки тому
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 роки тому
@@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 роки тому
Marcel Rodriguez so they increased minimum wage and a gallon of milk is not $15? Lmao
@syedrehman9567 3 роки тому
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 роки тому
He’s also Canadian where college is way cheaper
@chrisdominguez5097 3 роки тому
Because bringing in more people to oversupply your country with laborers was a good idea... Or so the 50% of you believes.
@kaz9242 3 роки тому
@@chrisdominguez5097 who is bringing everyone? . The American embassies around the world are known for accepting very few visa applications.
@chrisdominguez5097 3 роки тому
@@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 роки тому
@@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
@yateswebb 3 роки тому
“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 роки тому
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 роки тому
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 роки тому
@@QuantumDivinity absolutely agree! I studied Philosophy and now I'm a Data Analyst 😆
@mokster5 3 роки тому
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 роки тому
yeah I mean, where does he live? Park Avenue in Manhattan? He's completely out of touch with mere mortals...
@euenfheiejrj 3 роки тому
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 роки тому
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 роки тому
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 роки тому
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 роки тому
Agree. Food is cheaper in NY; housing not so much.
@euenfheiejrj 3 роки тому
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.
@ilanacox9055 3 роки тому
In Australia student loans are interest free. It blows my mind that she has 5-6% interest!! Wtf America
@LuckySingh-ln9ox 3 роки тому
In India it's 10% onwards
@redunicorn7760 3 роки тому
CNBC make it had a woman who had a 50k debt increase over a year bc of interest. It's absolutely crazy
@ilanacox9055 3 роки тому
@@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 роки тому
WHAT??? I hate america
@Erik-ek9du 3 роки тому
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.
@brianfaga8514 3 роки тому
I’m studying for an engineering test while listening, and had a moment of pride watching this for choosing my major.
@primadonna82 3 роки тому
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 роки тому
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 роки тому
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 роки тому
And a ton more Asian parents are poor, stop stereotyping us, racist.
@TheBlackDorothyZbornak 3 роки тому
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 роки тому
How are you doing now?
@TheBlackDorothyZbornak 3 роки тому
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 роки тому
@@TheBlackDorothyZbornak congrats... Your doing impressively well
@speedier6307 3 роки тому
@@TheBlackDorothyZbornak congratulations on your success!
@emilyc5625 2 роки тому
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
@AuroraCorvinus 3 роки тому
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 роки тому
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 роки тому
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 роки тому
I would like to know what type of engineering
@berksarioz969 3 роки тому
@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 роки тому
@@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.
@lewisstretch 3 роки тому
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 Рік тому
Lmao! He's not from NY, he is from Montreal.
@edwardalexander3098 Рік тому
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 Рік тому
You are right, to be a successful person in life require him or her of hard work and Time
@Perla.pagoyo Рік тому
You are right. Been thinking of going into gold and cyptocurrency
@victoriaouellet4999 Рік тому
@Benjamin I totally agree with you it has been an eye-opening experience for a lot of people.
@avaross6626 Рік тому
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 Рік тому
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
@jicasso9848 Рік тому
Learned a lot from this, thank you!! I especially enjoyed seeing Kevin O'Leary grin here and there while watching Elena speaking.
@bonane2972 3 роки тому
this girl is honestly one of the most financially responsible people I have ever seen in millennial money
@zitze25 3 роки тому
Hey Kevin, engineering here in germany is absolutely overcrowded and a lot of craftmanships earn more money...
@MegaClemie 3 роки тому
Engineering in South Africa is overcrowded. Most are unemployed
@aahsimovieprojects 3 роки тому
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 роки тому
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 роки тому
@@HylianVamp Middle class sure no disagreement there. If you're content with being middle class then engineering is a good path.
@Tagg25 3 роки тому
Yeah but in Germany college is a lot cheaper right if not free ?
@vanessa-gomezely 3 роки тому
Love Kevin reacting! So good. 😂💛
@Quanic2000 3 роки тому
Shows you how out of touch these rich people are with how the rest of the world, which includes their own employees, live.
@PlaninProgress 3 роки тому
I love this advice - I wish I had my head in the game earlier!
@MattSezer 3 роки тому
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.
@eMPaNaH 3 роки тому
like how much does he think the people that serve him coffee make? does he think they live in another country?
@paullefebvre6997 3 роки тому
Nobody serves him coffee, he's making his own coffee and it costs 18 cents per day - that's what coffee is worth.
@violetgirl1996 3 роки тому
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 :)
@Cyphlix 3 роки тому
Kevy went full boomer mode here.
@alfredoalcantar8691 3 роки тому
No rich mode white liberal
@everythingisawesome2903 2 роки тому
@@alfredoalcantar8691 Isn't he a conservative?
@ruffxm 2 роки тому
@@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.
@jonathanb633 2 роки тому
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:)
@mpnguyen11 3 роки тому
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.
@beth3535 Рік тому
I so appreciate the commentary!
@davinstevens3437 3 роки тому
"Some good degrees are engineering, engineering, and engineering" Laugh so hard
@jamilavictor2008 2 роки тому
Investing in Stocks/Forex/crypto is very cool with the current rise in the market now
@jamilavictor2008 2 роки тому
Most especially Investing with a professional trader like Mrs Grace
@egonschutzenberger65 2 роки тому
Yes I'm also a living testimony of expert mrs Grace.
@candancepassarella355 2 роки тому
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 роки тому
Trading with her is 💯, she is legit and sure in trading unlike others
@bethelyakubu7240 2 роки тому
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.
@DozIT 3 роки тому
I like the 30 seconds it takes for Kevin to find the pause button 😂
@donnaallgaier-lamberti3933 2 роки тому
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.
@melodytracey6129 3 роки тому
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.
@carolin633 3 роки тому
When he said 50.000 before and 40.000 after tax ... as a European my jaw dropped to my 50% tax floor.
@juliannewilkinson1943 3 роки тому
He was wrong, shows he doesn't know that tax bracket - she's probably taking home more like 32k after tax.
@joeb1522 3 роки тому
@@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 роки тому
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 роки тому
@@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 роки тому
@@joeb1522 She's also paying NYC taxes which is about another $1200 and NYFL another $140 per year. So she probably brings in $37000.
@Fezmania 3 роки тому
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 роки тому
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-
@justineg4682 3 роки тому
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.
@Audreylin29 3 роки тому
Love this series!!
@jessicaa4442 3 роки тому
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 роки тому
Right .. A world full of engineers and scientists and no one trained in mental health, working with children, the arts etc
@jessicaa4442 3 роки тому
@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 роки тому
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 роки тому
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 роки тому
@@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.
@christyjohnson9679 3 роки тому
This is why you have to understand how the cash-flow quadrant works
@christyjohnson9679 3 роки тому
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 роки тому
@@christyjohnson9679 there are only but a few who are earning more than enough during this global pandemic
@antonijaivankovic5439 3 роки тому
@@lucasanthony9704 only those who are still being dependent on their monthly income
@antonijaivankovic5439 3 роки тому
The jobs we do now aren't reliable anymore, we can loose them anytime. We obviously saw that during this global pandemic
@meganjohnny8724 3 роки тому
@@lucasanthony9704 the few individuals who are earning more than enough now are those who have come to realize monthly income cannot make them successful
@nurbsenvi 3 роки тому
Such a positive series I love it.
@wallacegarrett3537 3 роки тому
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.
@dandrieberg1893 3 роки тому
I would to see Kevin reacting to offset or any complex video where celeberties spend 40k on shoes
@evelynmarx6212 3 роки тому
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 роки тому
If they earn anywhere between 10 to 100 times more than cost of shoe, I guess it's fine.
@RetroBasementGamingAnime 3 роки тому
It's less than $40k after tax due to NYC having state tax and another type of tax, which is crazy.
@Tigerkem 3 роки тому
Not really that's a problem everywhere in the US. About 15-25% is being taken out most peiples gross income.
@aidankerr1125 3 роки тому
Ha, if you think that’s bad you should never come to work in the UK.
@RetroBasementGamingAnime 3 роки тому
@@aidankerr1125 what is the pay like there?
@sydniemerrick2353 3 роки тому
you should see income tax rate in Belgium ... it's 50% ...
@redunicorn7760 3 роки тому
@@sydniemerrick2353 not your entire income gets taxed with 50%, only the money above a certain number
@thomasaquinas5262 3 роки тому
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...
@chase2027 3 роки тому
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.
@RouRoro 3 роки тому
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 роки тому
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
@eddywangchang 3 роки тому
I’m just here waiting for graham to reach to Kevin reacting time 50k a year in Brooklyn
@marcusp961 3 роки тому
Wait for it!...Millennial Money
@perceptioniseverything648 Рік тому
These videos are so inspiring I hope you keep doing them
@Chase-nb6if 3 роки тому
Keep in mind you are listening to someone who’s passion is money, what makes him happy is money
@chrisdominguez5097 3 роки тому
So... Like everyone?
@DonVinny 2 роки тому
that should be the passion of all of us to be frank
@Chase-nb6if 2 роки тому
@@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 2 роки тому
@@DonVinny The richest people in the world have depression and commit suicide for a reason
@manjoetv.9378 3 роки тому
I'm also worked during my high school days
@jwho4273 3 роки тому
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?
@nicg9242 3 роки тому
"She cuts her own hair? So do I!" HAHAHAHHAHAHAHHA LOL
@m4g153 2 роки тому
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.
@none4516 3 роки тому
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?
@gaming4K 3 роки тому
As she says "My family helped a lot through college"... Some or rather most of us hasn't got a background where we get support from.. Yet i can say i am doing well with my finances even if i can't really invest but i always have savings. Noone taught me anything about money.. Although i rahter die single than struggle for my family..
@bozenewhabesha 2 роки тому
Engineering might not always be the best option. I studied Mechanical Engineering at UMD. While I was in college I had difficulty finding internships as some didn't apply to me because I was a permanent resident at the time. Graduated with a 3.25 GPA (not the best but decent). 5 years later to this day I haven't found a job specific to my major. The only upside is I only had $2500 in student loans or I would have regretted my choice.
@TerraAcox 3 роки тому
This is by far my favorite Millennial Money
@cholententertainment6516 3 роки тому
Brooklyn is just amazing
@pranavgupta5747 3 роки тому
Graham is going to yell at that food.
@ksway8471 3 роки тому
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 роки тому
Many people said that he said that raising minimum wage is insanity.
@6Oko6Demona6 3 роки тому
9:21 nice, Wrocław, Poland, been there. Cool that I, as a polish person can do a weekend trip for $60 (though many polish people wouldn't be able, I can travel cheaply- weekend train ticket for whole poland, $25, hostel $7 for a night, the rest goes to food, and by the way you can do your cooking in hostel). Nice that this something that's someone's like dream or goal to go there and I can do that this weekend for peanuts :)
@jessicabixler1658 3 роки тому
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 роки тому
Fr like where is the logic 😂
@arkeesTZ 3 роки тому
He doesn't know Latinos yet. We live with 25k a year.
@alexandercrush 3 роки тому
Arkees Tech Zone With 34 roommates
@arkeesTZ 3 роки тому
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 роки тому
Same here bro
@nikolnolastname4473 3 роки тому
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 роки тому
im a latino making 54k salary with just an associate's degree
@shinesbrighter 3 роки тому
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.
@jorgecevallos3225 3 роки тому
I really enjoyed this video.
@chaosgamingtk8554 3 роки тому
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 роки тому
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.
@tiredofdisbullspitpropagan1995 3 роки тому
I love how he thinks they only take 10k in taxes a year off someone who makes 50k lol
@mayoo6545 2 роки тому
sounds about right to me? what part of that is wrong?
@Fabs0816 3 роки тому
Did Beanstox change it's name in the play store? I can't seem to find it. Thanks for any advice.
@kangkanjdaimary3086 3 роки тому
I don't the expenses there in NYC but here in India, not only can you live pretty good life with that amount but also save up a lot of it!
@kingbush9328 2 роки тому
Most people venture into crypto to be a millionaire, meanwhile, I just want to be debt free
@JessicaRodriguez-bm7gq 2 роки тому
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 роки тому
You don't make money on forex or crypto by holding your coins rather you trade to make gain.
@danielmedina4953 2 роки тому
Assets that can make you wealthy Gold Crypto Stock Real estate
@maxiecharles2842 2 роки тому
@@andyobiorah4779 When you invest in crypto you are buying a day you don't need to work.
@kelvinmcdonald5113 2 роки тому
Fear is one of the factors that hinder most persons to invest into crypto, most persons say ignorance..
@mashfique1 3 роки тому
I lived in 12k income on astoria and I was not homeless ... 400$ rent in a basement, 300$ rent and 100 for subway ticket . Thats 800*12 =9600$ expense. I was a student going back to school at 28 (2014) years old. I became an arospace engineer at 33. I had a lot of friends taking student loan for 900$ luxary apt or buying spending on good car, some graduated with high debt ..
@raymondcunanan1135 2 роки тому
This is so good to watch! It’s not how much you make but how much you save and she’s doing it right! As soon as she finish paying her student loan, i’m pretty sure she’ll be good especially if she keeps that mindset.
@thirdpedalnirvana 3 роки тому
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 роки тому
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 роки тому
She said she had scholarships
@Mr4Step4 3 роки тому
Elena! You definitely should monetize your hobby by selling your photography or doing photoshoots for people which is paid real good
@deadlybananas 3 роки тому
This is the best video I've seen in 16 weeks
@gi_giooo 2 роки тому
i lived in nyc for less than 20k a year and was fine. I got lucky first 5 months living with a lady where i took care of her cats so it was less rent, then i lived with 2 roomates was paying 800 for a room in brooklyn/queens border. I was making minimum wage, now I make a little bit more than that almost 40k and share rent with my partner, about 800 also for one bed in queens. I still have savings and no student debt also, so it's def durable.
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