Living On $80K A Year In Los Angeles | Millennial Money

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  • Опубликовано: 26 июн 2024
  • Wendy Gonzalez, 24, earns around $80,000 a year and lives in the Los Angeles area. She makes her money as a logistics supervisor for an auto tech company and saves a minimum of $1,000 a month. Wendy is saving for a home, has set her sight on business school and plans to grow and monetize her RUclips channel to help pay for the MBA.
    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 Wendy’s budget breakdown here: cnb.cx/2teWCKv
    She's well on her way to getting there, with over 1,000 RUclips subscribers and $25,000 earmarked specifically for a down payment.
    "I've been saving since I was 15," Gonzalez tells CNBC Make It. That's when she got her first job, working at Cold Stone Creamery. "Being raised by immigrant parents, I was always told, you need to save every penny. And so I've always had that mentality - that you should strive to save for the future."
    Gonzalez, who lives with her boyfriend, Chris, in Pasadena, California, about 11 miles northeast of downtown Los Angeles, knows better than anybody that the future is unpredictable: In August 2019, she was diagnosed with thyroid cancer. After a successful surgery in October, she's now cancer-free.
    "I've realized that health is one of the biggest priorities that we should put first in our life," she says. She also experienced first-hand the importance of having an emergency fund. Her health insurance plan covered the entire cost of her surgery, but her savings account allowed her to feel financially secure during a trying time. "If I didn't have a good health plan, I did have enough savings that could have covered my surgery," and that feels good, she says.
    "I've learned that, one: You should always take care of your health. And, when you're healthy, you should always strive to have some type of savings for a rainy day."
    Gonzalez makes $80,000 a year working as a logistics supervisor for an auto tech company. She started as a part-time employee while finishing her last year at UCLA.
    "I feel that I live comfortably with $80,000 in LA, especially because I am splitting costs with my boyfriend, but there's always room for more growth and higher pay," she says. "My goal is to make roughly $95,000 a year."
    Besides her 9-to-5 job, she earns an additional $500 to $700 a month as an online ESL teacher. Gonzalez wakes up at 3:30 a.m. to teach for two hours before heading into the office for her full-time gig. The extra money goes straight to savings. "I don't count that as part of my yearly salary," she says. "I just look at it as money to invest and save."
    She also has a RUclips channel called Invested Millennial, which she uses to share her experience investing in the stock market: "I don't see a lot of women on RUclips talking about investing - a lot of them are focusing on budgeting and saving, which is amazing, but I think we need more women talking about the power of investing."
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    Living On $80K A Year In Los Angeles | Millennial Money

Комментарии • 1,5 тыс.

  • @BradThePitts
    @BradThePitts 4 года назад +2418

    $50 a month for eating out is incredible! I can blow that in one meal, easy.

    • @BradThePitts
      @BradThePitts 4 года назад +13

      @@InvestedMillennial Great will power, have you. There's an amazing amount of good food in Pasadena!

    • @SodaSiren
      @SodaSiren 4 года назад +2

      Invested Millennial just subscribered!

    • @75and1
      @75and1 4 года назад +19

      And $150 for all meals/grocery the entire month?

    • @vivian8130
      @vivian8130 4 года назад +15

      @@75and1 her boyfriend probably buys groceries too

    • @ClassyPrissy27
      @ClassyPrissy27 4 года назад +2

      Same!

  • @tonymaldonado5059
    @tonymaldonado5059 4 года назад +3927

    Gets out of college debt free....buys a BMW that cost the same as a college education 🤣🤣

    • @juuvvy
      @juuvvy 4 года назад +327

      @@InvestedMillennial this is maybe just the frugal me talking but I can't imagine $700+ coming out every month to a depreciating asset.. thus why I drive a 2006 Civic LOL

    • @ww3k
      @ww3k 4 года назад +63

      @@InvestedMillennial sunk cost fallacy... But you have good income, so yolo.

    • @SCHgirl123
      @SCHgirl123 4 года назад +437

      Based on her situation, it sounds like she didn't come from wealth and worked her ass of in college to get a good degree and a job. You don't understand the feeling of being able to afford something of luxury after constantly struggling. She deserved that gift to herself.

    • @anonwithamnesia
      @anonwithamnesia 4 года назад +23

      woman...

    • @anonwithamnesia
      @anonwithamnesia 4 года назад +14

      @@InvestedMillennial Millennial...

  • @ciel222
    @ciel222 4 года назад +595

    She is on a GOOD PATH in life . It breaks my heart that she was dignosed with cancer. I hope she'll embrace healthy eating while doing her treatment. She has a positive spirit , I will check her youtube channel .

    • @kazual9206
      @kazual9206 4 года назад +21

      She's not, she never was. Tax payer paid her college , then she buy a 60k$ BMW car as a gift to herself for...graduating free, putting herself in major debt for decades.
      She's stupid.

    • @mmm-mmm
      @mmm-mmm 4 года назад +6

      @@InvestedMillennial i'm sure we'll pay for that, too...

    • @PhysifistEngineering
      @PhysifistEngineering 3 года назад +4

      @@InvestedMillennial Did you even acknowledge that the tax payer paid for your college?

  • @devchatterjee9642
    @devchatterjee9642 4 года назад +1495

    She has a great head on her. Sorry to hear she has cancer. I hope her a good speedy recovery and best wishes with her YT goals.

    • @erikkillmonger4000
      @erikkillmonger4000 4 года назад +29

      @@InvestedMillennial I'm so happy for you. 🙏🏾

    • @amareeksingh2294
      @amareeksingh2294 4 года назад +7

      @@InvestedMillennial I just subscribed your channel. Best wishes🤗 for your future endeavours (from India)

    • @devchatterjee9642
      @devchatterjee9642 4 года назад +1

      Invested Millennial happy for you! Best wishes!

    • @abdilatifhassen1218
      @abdilatifhassen1218 4 года назад +3

      Invested Millennial This made me so happy! I’m so happy for you! May you get more blessings your way!

    • @esaedvik
      @esaedvik 4 года назад +2

      @@InvestedMillennial That's awesome to hear! Good luck!

  • @nataliewongg
    @nataliewongg 4 года назад +476

    Wow she's amazing! 2 side hustles, a full time career, and overcame cancer!

    • @gabrielesparza8406
      @gabrielesparza8406 4 года назад +32

      Natalie Wong and people here are still judging her BMW purchase

    • @paulinaa.3919
      @paulinaa.3919 4 года назад +1

      @@gabrielesparza8406 right?!?

    • @zedeco
      @zedeco 3 года назад +1

      @@gabrielesparza8406 ruclips.net/video/2vhJyD3L8GA/видео.html

    • @PhysifistEngineering
      @PhysifistEngineering 3 года назад +12

      She's not amazing. She used the FAFSA to have the tax payer pay her way and then makes a stupid financial decision by buying a BMW and makes the assumption she'll make a bunch of money. Oh woopsie, pandemic. Guess she didn't plan for that.

    • @seancullen99
      @seancullen99 3 года назад +7

      @@PhysifistEngineering She has a $142,000 investment portfolio at 24 years old. I think she's doing OK.

  • @ygbodybuilder3023
    @ygbodybuilder3023 4 года назад +1175

    The best thing she did was graduate debt Free. That alone put her ahead in life

    • @pete7164
      @pete7164 4 года назад +184

      And then she put herself $60k in the hole wirh that BMW she didn't need. Yeah, real accomplishment there

    • @ygbodybuilder3023
      @ygbodybuilder3023 4 года назад +31

      @@pete7164 it was a gift for herself we all do it same could be said for people who buy cigarettes every day.

    • @Ailensinvadethe970
      @Ailensinvadethe970 4 года назад +44

      Invested Millennial not sure if you are aware of this, but not having a car payment doesn’t mean you drive a beater. My family and I have owned plenty of used cars outright that were not beaters and were newer models. Everyone’s entitled to spend their money on what they want, that guy was rude but that doesn’t mean you stoop to that level too boo.

    • @Osunbunmi_Ifatunmise
      @Osunbunmi_Ifatunmise 4 года назад +17

      Absolutely, I get a lot of criticism for paying for ny daughter's college education. I refuse to listen to people around me. Continuing to pay so she will be debt free. I am looking at generational wealth.

    • @crissoa
      @crissoa 4 года назад +8

      Keren Jael Cartwright totally agree. Parents are supposed to help their children to reach their potential. Hopefully, your daughter can do the same for her kids and give them a head start too.

  • @CNBCMakeIt
    @CNBCMakeIt  4 года назад +71

    What’s your budget breakdown? Share your story with us for a chance to be featured in a future installment. cnb.cx/32TYZ2K

    • @jzk2020
      @jzk2020 4 года назад +10

      How about some videos of black men? You've done Asians, Latinos, Whites, Black Females... how about some videos of black men? :)

    • @dertythegrower
      @dertythegrower 4 года назад +7

      @@jzk2020 Get over yourself

    • @ooeyeswideoooobloodshotoo4916
      @ooeyeswideoooobloodshotoo4916 4 года назад +5

      8:03 **BEGINNER’S LUCK, TIMING, AND TRUMP “FUELING” YOUR 401Ks, IRAs, ROTH IRAs AND GREAT STEADY ECONOMY WITH “NO” RECESSION “YET”. 🇺🇸MAKING AMERICA GREAT “YET” AGAIN 🇺🇸 FROM CNBC LIES ABOUT A “TANKING” ECONOMY 😳😱🤯🤣😉😘😇👋🏾👌🏾✊🏾👊🏾👍🏾🇺🇸**

    • @kristinrodriguezrealtordmv3434
      @kristinrodriguezrealtordmv3434 4 года назад +5

      How about an older Millennial (1981) in the DC metro area, making over 6 figures, debt free. Sold her first home, to rent stress-free and save for an investment property and loves investing in the stock market?

    • @kristinrodriguezrealtordmv3434
      @kristinrodriguezrealtordmv3434 4 года назад +3

      @@jzk2020 I would love to see more black men on this series. It's all about representation.

  • @gardenboydon
    @gardenboydon 4 года назад +411

    She makes me look lazy. She's an inspiration

    • @tophatv2902
      @tophatv2902 3 года назад +6

      Don't worry she is a failure

    • @tjlazer6631
      @tjlazer6631 3 года назад

      @@tophatv2902 HAHAHAHA dude you made my day

    • @Samuel-kz7ow
      @Samuel-kz7ow 2 года назад

      She makes people look financially responsible. She's a deterrent.

  • @DiamondFlame45
    @DiamondFlame45 4 года назад +929

    She is 24?! She looks and comes across as older! You go girl!

    • @BG-it7hb
      @BG-it7hb 4 года назад +10

      Not really. It's just that many other 24 year Olds are immature

    • @pete7164
      @pete7164 4 года назад +20

      She looks ALOT older :(

    • @wingman5785
      @wingman5785 4 года назад +1

      @@InvestedMillennial
      Maybe I missed it but how are you making 80k? When it said you make 700 a month from teaching online?

    • @wingman5785
      @wingman5785 4 года назад +2

      @@InvestedMillennial
      oh ok cool

    • @cakeboss1721
      @cakeboss1721 4 года назад +3

      Yes she does look very old

  • @GameFuMaster
    @GameFuMaster 4 года назад +277

    At least she recognises that the BMW wasn't the best choice. Better late than never.

    • @pete7164
      @pete7164 4 года назад +8

      Which goes to show she is impulsive and therefore no one should take her advice seriously

    • @GameFuMaster
      @GameFuMaster 4 года назад +22

      @@pete7164 it's called moving forward. You should try it. The BMW is really her only mistake.

    • @spcysos
      @spcysos 4 года назад

      Everything else sounds good. But yeah the BMW was a huge mistake along with the 401k match or buy in. The Roth IRA was nice to hear though.

    • @afoxwithahat7846
      @afoxwithahat7846 3 года назад

      @@GameFuMaster sure?

    • @icecrystal3255
      @icecrystal3255 3 года назад

      @@spcysos would you explain why the 401k with match is a poor choice? I thought it was a good thing to have, along with Roth IRA

  • @Noposwowskis
    @Noposwowskis 4 года назад +693

    She has that "Imma make money" mentality and I see her being very rich. Proud of her as a fellow Latino, I will soon begin my money adventure once I graduate school and do my side hustles. Good vid!

    • @MrDanielfff777
      @MrDanielfff777 4 года назад +1

      Isnt she rich arleady?

    • @Jarochito-
      @Jarochito- 4 года назад +1

      @Major PainDiaz based

    • @zedeco
      @zedeco 3 года назад +22

      @@MrDanielfff777 she is not rich when she is in debt and pay 2x more on are credit card for does points.

    • @artvandalay13
      @artvandalay13 3 года назад +8

      @@MrDanielfff777 She is far from "rich". "Imma make money" is deficit spending so I'm not sure why you would have that attitude. Look at the economy now. Wish you had saved instead of buying into this rich lifestyle?

    • @alinelanes1243
      @alinelanes1243 3 года назад

      @Will Jacobs that's a huge and embarrassing oversimplification of Latin America's problems

  • @JewelsView
    @JewelsView 4 года назад +230

    That is the lowest amount I have seen a millennial spend on food in a month

    • @jordanroyal9762
      @jordanroyal9762 4 года назад +2

      Ikr

    • @bsarioz
      @bsarioz 4 года назад +1

      You haven't seen me lol. But she's really great with her finances for sure!

    • @jhtrico1850
      @jhtrico1850 4 года назад +5

      Cuz she spending so much on the car

    • @kgal1298
      @kgal1298 4 года назад +3

      Especially in LA our groceries are marked up compared to other places. Though if you eat mainly plant based it’s not too bad and take into account the parents give them food too.

    • @alexk3763
      @alexk3763 4 года назад +1

      JewelsView i guess I’m technically not a millennial (I’m 21 so oldest of gen Z), but I spend around 100 a month on food.

  • @katlennat1680
    @katlennat1680 4 года назад +301

    Baby girl is a hustler. What an inspiration.

    • @scottscriticalmass
      @scottscriticalmass 4 года назад +2

      Alyssa - Right!! So many focus on the little negatives, while ignoring the big picture positive. Truly sad, but that's society in a nutshell today.

    • @xXx-yv7vg
      @xXx-yv7vg 3 года назад +7

      She went into massive debt to drive a nice car after the government and taxpayer dollars pushed her through college. She is an ignorant millennial 🙄

    • @Samuel-kz7ow
      @Samuel-kz7ow 2 года назад +5

      @@scottscriticalmass little negatives? I dont think 60k dollars is something you consider little. This is what is meant by toxic positivity. Ignoring the problem while preaching the "YASS QUEEN, OMG YOU SLAYYYY

    • @MyBloomingLife
      @MyBloomingLife 2 года назад +2

      @@Samuel-kz7ow it’s her life and her money. why are you so mad? 😩

    • @MichaelJordan3000
      @MichaelJordan3000 2 года назад +1

      @@MyBloomingLife because it's presented by the media and herself as a good thing and something other people should strive for. In most cases these people will end up broke because they didn't have experience and believed this is a good practice, so other, smarter people need to say, that it's not, to hopefully save some careers and lives. Do whatever you want and noone can say anything, but if you promote something like that - people will point that out.

  • @DellDreamer
    @DellDreamer 4 года назад +90

    She is a very strong woman. Best wishes for her health.

    • @videosforcatsanddogs214
      @videosforcatsanddogs214 3 года назад

      She is becoming a finance RUclipsr because she has seen how much Graham Stephan makes. She has no interest or qualifications to talk about investing. She is very greedy. Don’t subscribe to her because she is a copycat.

  • @esaedvik
    @esaedvik 4 года назад +141

    Graduating debt-free is pretty massive. Well done. Clearly a driven person and dumps a crazy amount of time into work.

    • @candicezhang8619
      @candicezhang8619 11 месяцев назад +1

      She got fasfa.

    • @Luca-mv5bp
      @Luca-mv5bp 9 месяцев назад

      LOl are you THAT gullible shes a phony wannabe stop simpin

  • @Karina-er7mx
    @Karina-er7mx 2 года назад +3

    $720 a month for car repayment is crazy, don’t blame her for regretting such an unwise purchase.

  • @parker5519
    @parker5519 4 года назад +241

    Y’all gotta give her some slack with the BMW, she’s graduated debt free and is really wise with her money, mostly going into investing

    • @cokiesu
      @cokiesu 4 года назад +19

      Shouldn't education be affordable or even free? It's sad to see that Americans are happy to even graduate debt free...

    • @yodelissosa7791
      @yodelissosa7791 4 года назад

      @@cokiesu yeah, I know right?!
      I just started my first college course.
      It's online. I'm just getting a preview of what I can learn if I decide to stay in the course further on (The course is only for approx. 9 months)
      = nearly $12,000
      "Computerized Accounting" diploma course

    • @SaintOrCinema
      @SaintOrCinema 4 года назад +23

      That’s why people are giving her hassle. What is the point of being so wise and frugal in areas for saving and investing and then blowing all your hard work on a luxury car you really didn’t need? Especially having to get up at 3 in the morning to work etc. Very foolish

    • @crissoa
      @crissoa 4 года назад +1

      Yodelis Sosa have you considered taking some of your classes at a community college? That’s a lot cheaper.

    • @yodelissosa7791
      @yodelissosa7791 4 года назад

      @@crissoa Thanks for the offer but commuity college is not for me; besides, cost doesn't really matter to me, just quality not quantity; plus I don't even have a car and public transportation here is trash.
      Also, update: ---->>
      I have recently withdrawn from my course because it was not for me and was taking a toll on my mental state as well as other factors. I believe financial aide covered most of it anyways. (FA & my Grant)
      PS: My end goal is to become a surgeon in the future. Not only is it a Great career but it also pays a high salary(another reason costs don't bother me)(I like to do things right the first time around, not receive less for less or anything, if you can understand what I mean)

  • @itsTheChelsea
    @itsTheChelsea 4 года назад +440

    They should make one for Canadian millennials. For the most popular cities in Canada!
    Wendy is amazing! Glad she overcame her cancer!

    • @dorkette321
      @dorkette321 4 года назад +5

      blogTO does an article like these, but no videos

    • @CiCi246bajan
      @CiCi246bajan 4 года назад +7

      Toronto Life runs something similar under their "life" section. I'm always so interested to know how my fellow Toronto millennials are spending and saving.

    • @chelseagirl278
      @chelseagirl278 4 года назад

      @@veonnisual it would be the same for every person featured. Well said

    • @theosantana7750
      @theosantana7750 4 года назад +1

      I am a Truck Driver.. i save more than 50k every year.

    • @kishanaphillip6989
      @kishanaphillip6989 4 года назад

      show most of us struggling 😭😭 #lovetoseeit

  • @berri5769
    @berri5769 4 года назад +58

    I’m very happy that at her age she was going to the doctor, a lot of young people from 18-30 hardly go to the doctor. Myself I didn’t really start going until I was 25? Even though I had insurance and everything.

  • @elizabethwilkes6738
    @elizabethwilkes6738 4 года назад +121

    Her productivity has me quaking!

  • @candrab8565
    @candrab8565 4 года назад +154

    Y’all gotta chill. She is 24. She has 25 k saved some of y’all don’t make 2500 a month 😂

    • @afoxwithahat7846
      @afoxwithahat7846 3 года назад +4

      Yes but a BMW

    • @nonye1251
      @nonye1251 3 года назад +6

      Right! Yet giving financial advice. Like stop it😹

    • @diamondmax5141
      @diamondmax5141 3 года назад +4

      @@nonye1251 A millionaire reviewed this video and said it was a stupid idea...He said she should sell it.

    • @themightywarriorspiritofgo4275
      @themightywarriorspiritofgo4275 3 года назад

      Money does not make the man Jesus was broke

    • @NAT-turners-Revenge
      @NAT-turners-Revenge 3 года назад

      I agree its comical ppl are going in on her.... she's doing a solid job. I'm 37 & my savings and home are good. When i was 24 i had less than 2k to my name 😅...
      It really wasnt until i hit 31- did i get serious and worked 2 jobs and hoarded money like a squirrel. Now, i have a career from working my way up.

  • @trishytrish5263
    @trishytrish5263 4 года назад +744

    Who's ready for Graham Stephen reaction!

    • @SteveRam
      @SteveRam 4 года назад +3

      Trishy Trish 🙋🏻‍♂️

    • @trishytrish5263
      @trishytrish5263 4 года назад +20

      @David Fetta FM relax ....just entertaining honestly ☮

    • @tramnguyen0000
      @tramnguyen0000 4 года назад +9

      This is too good. He can't roast this girl

    • @trishytrish5263
      @trishytrish5263 4 года назад +32

      @@tramnguyen0000 exactly!!! He will mention something about the car tho

    • @Basicchicfemme80
      @Basicchicfemme80 4 года назад +1

      I am! 🙋🏾‍♀️

  • @samanthagemmell3012
    @samanthagemmell3012 4 года назад +15

    Fellow pap. thyroid survivor here - 10 years and counting! It sucked at the time, but it's what encouraged me into my studies in nutrition.
    I love that you've learned from your mistakes and life lessons and continue to grow and evolve. If only more people who comment on RUclips videos all the time could follow that same example ;-)

  • @LindaMoroun
    @LindaMoroun 4 года назад +252

    Girl sell that damn BMW an get yourself an Altima lol that alone will double your savings. 😂

    • @erikathoreson5786
      @erikathoreson5786 4 года назад +22

      Linda F Nissan is trash shoe should’ve gotten an accord

    • @xchino0427
      @xchino0427 4 года назад +4

      @@erikathoreson5786 i bet you don't know much about cars hahaha

    • @inokerogoyawa
      @inokerogoyawa 4 года назад +54

      Nah a Toyota...Toyota’s are immortal lol

    • @LindaMoroun
      @LindaMoroun 4 года назад +13

      Lol just thinking of price. Toyota and Honda can be just as expensive as bmw at times

    • @inokerogoyawa
      @inokerogoyawa 4 года назад +4

      Linda F Yeah but that gas mileage might be better lol I got an older Toyota Corolla...$25 to fill it all the way up and lasts me a week

  • @BlackNight603
    @BlackNight603 3 года назад +17

    I love how she admits that she regrets buying the car

  • @mohamedabdi8481
    @mohamedabdi8481 4 года назад +17

    She is a true hustler, all I can say is, she really inspired me to pay off my student loan this year. I was paying the minimum but after watching this video I am paying $1,200 a month now. Thank you invested Millennial. :)

    • @alexfranco3879
      @alexfranco3879 2 года назад

      I graduate with zero depth from high school

  • @malaikakirby242
    @malaikakirby242 4 года назад +75

    Lord please help your daughter with the thyroid cancer in her body, I thank you because she’s an amazing Queen helping others in need! God bless you Queen in Jesus’ name Anen!

  • @jeremyisjeremymartin
    @jeremyisjeremymartin 2 года назад +5

    She’s earning just 80k a year but she’s driving a bmw. She could do better without it and just get a low cost car.

  • @cherienikole2588
    @cherienikole2588 4 года назад +28

    BMW’s are expensive. When they break down its crazy money to fix!!
    Get rid of it before the warranty expires. I had an X6
    I KNOW! Get a Honda! They last forever and are easy to maintain. And they keep their value.

  • @iwwanly1544
    @iwwanly1544 4 года назад +316

    This woman is a legend, she really knows how to do everything correctly and she divides her time to get everything done and she is professional at handling multiple things👍 respect to her

    • @Funkywallot
      @Funkywallot 4 года назад +3

      Except the food budget , its surprisingly low. In 10 years time she will be a real fat toad after consuming all the fast food " Because she is a professional at handling multiple things " (Where this com from ? Are you a friend of hers ? )

    • @berri5769
      @berri5769 4 года назад

      Funkywallot she has her own you tube channel

    • @drewconway7135
      @drewconway7135 4 года назад +9

      Iw Wanly Yeah, buying that expensive car and going tens of thousands of dollars into debt right out of college was a brilliant idea.

    • @frisbeeeater
      @frisbeeeater 4 года назад +3

      lol "iw wanly" is a fake account created by her LOLOL

    • @hummerguy
      @hummerguy 4 года назад +1

      @@drewconway7135 Drew Conway. I thought the same thing

  • @peppa_pig_
    @peppa_pig_ 4 года назад +56

    graduated UCLA debt free, traveled around the world, makes 80k a year, has 25k in savings, and studying to get into an MBA program while pursuing youtube..wow she really has it all together...truly inspiring work ethic as a fellow Latina and senior college student

  • @LordWinter
    @LordWinter 3 года назад +19

    She's proof that cars are definitely an emotional purchase lol

  • @lilballazang
    @lilballazang 4 года назад +16

    Kudos to Wendy she has a whole lot on her plate and she's juggling it all so well.

  • @IAMJOHN4EVER
    @IAMJOHN4EVER 4 года назад +18

    The only thing to work on is transportation. BMW is unnecessary. Other than that, she did outstanding.

  • @itsweb1584
    @itsweb1584 2 года назад +2

    She says she’s conservative with money but pays almost 700 dollars per month on an old BMW

  • @aileens488
    @aileens488 4 года назад +62

    Bruh how do you get everything from FAFSA? I swear they like “aww, you’re poor? Here’s two cents!”

  • @derpina615
    @derpina615 4 года назад +31

    This lady is super inspirational! 👏🏼👏🏼👏🏼 hope she leads a long healthy life!

    • @derpina615
      @derpina615 4 года назад

      Invested Millennial Glad to hear that! Wish you well ❤️

  • @kvgolfa
    @kvgolfa 2 года назад +4

    Why are there no videos on her RUclips channel?

  • @MontanaDior
    @MontanaDior 4 года назад +30

    LOVE... she seems like a great spirit and very motivating. Im 10 years older and wish I had been this motivated at her age (I know it’s never too late) 💚✨

  • @JohnLee-fr6pi
    @JohnLee-fr6pi 4 года назад +65

    Why are the only choices "live with someone you love" and "live with a roommate you don't really like"?...

    • @theconcealedmistress
      @theconcealedmistress 4 года назад +25

      Living with your boyfriend is living with your roommate. His wife (the woman he really desires) won't have to pay half the rent.

    • @iChristianGurl
      @iChristianGurl 4 года назад +3

      Scorpia of Rose lol

    • @VirgoDluxe
      @VirgoDluxe 4 года назад +7

      Scorpia of Rose you took the words right out of my mouth! In time she’ll learn.

    • @zedeco
      @zedeco 3 года назад +2

      @@theconcealedmistress you want to be equal to man but when it comes to pay your fair share is man that have to pay all? and you wonder why you only get simps

    • @HurleyIsAStoner420
      @HurleyIsAStoner420 2 года назад

      @@theconcealedmistress lol what ?

  • @TheZchristina97
    @TheZchristina97 4 года назад +22

    As someone who places value on leisure, it seems kind of silly (to me) to work an extra job just so that you can afford to pay a BMW car note. Why not wait until you're making more than 80k or living in a less expensive place than Southern California to have that kind of a car? As a comparison for folks who don't live on the coasts or in super expensive areas, what she makes is equivalent to 54k in the midwest (indiana, michigan etc.). Idk anyone who earns 54k that would buy a brand new BMW.

    • @P0k3D0nd3M4cG
      @P0k3D0nd3M4cG 3 года назад +1

      Because no one wants to live in those bumass locals 😂

  • @tywakorn
    @tywakorn 4 года назад +70

    We demand a video of millennials loosing jobs because of Covid...

  • @LaTeshaRichard
    @LaTeshaRichard 4 года назад +52

    I LOVE this channel! It has helped me realize that you don't have to make millions to live a comfortable.
    I was also inspired to start my own channel!
    Please keep producing this great content!

  • @brianthetruth6055
    @brianthetruth6055 4 года назад +116

    She’s an inspiration! Enjoy your car. We only live once.

    • @darkdragon1015
      @darkdragon1015 4 года назад +4

      @@InvestedMillennial I did the same thing as you and bought a 4 series when I graduated from grad school lol. It's an awesome car!

    • @tigerak02
      @tigerak02 4 года назад +12

      You realize she's driving a million dollar car right? Complete waste of money. By the way, I'm speaking as a self-made millionaire driving a used Corolla, paid in cash.

    • @NazKam
      @NazKam 4 года назад +6

      i believe theres some things u can be frugal on, some not. everyone have diff priorities in life

    • @disciprine
      @disciprine 4 года назад

      Maybe you

    • @scarlattinojacob190
      @scarlattinojacob190 4 года назад +6

      Alexander Kang other’s joy is another’s bore. A corolla might not bring as much joy as a bimmer does, and vice versa, because it rly depends on what you like, regardless of the price points. Im also speaking as a self made who has a bimmer but started with a corolla. I like the bimmer better, not the wisest financial decision, but definitely made me a happier person. Despite my increased income, i dont buy designers shoes or fashion, because it doesnt bring me happiness. At the end of the day, Purchases has less to do with rationale. you buy what u think is worth it, and that’s completely subjective.

  • @badandbookiee9081
    @badandbookiee9081 4 года назад +5

    Just subscribed to her RUclips channel to support her financial goal. I just finished my masters, I know the feeling of doing both a full time job and school and i have a child. It’s rough! You go girl!👏🏻

  • @andrebennett3776
    @andrebennett3776 4 года назад +21

    Bought a BMW and opted out of the 401K which her employer probably matches, hmmmm

  • @hunniekombs25
    @hunniekombs25 4 года назад +19

    Love her! But I wish she would rest! 3:30 is too early to start your day! Her body has been through so much already!
    Such an inspiration!

  • @zackc8705
    @zackc8705 4 года назад +13

    No way only $150 a month on food, especially with eating out!

  • @jdlc903
    @jdlc903 4 года назад +9

    $80,000 thats amazing.especially at 24 when i was 24 i made $17000 per annum

  • @kgal1298
    @kgal1298 4 года назад +10

    Oh i wonder what it would have been like getting out of college and having a real job instead I got out in 2008😒that was bloody hell.

  • @MrCarguy427
    @MrCarguy427 2 года назад +2

    $700 a month on a bmw but chick fil a is dining out. Lmao

  • @NickillR
    @NickillR 4 года назад +142

    Graham will be disappointed. Not enough bad decision macking from wendy !

    • @VerStarr
      @VerStarr 4 года назад +34

      Nicky Rostan the BMW is a good one. Not contributing to a 401k first is a good one

    • @JBoogie1977
      @JBoogie1977 4 года назад +10

      @@VerStarr Just read the CNBC article that goes with the video. No employee matching, so she's doing ok. At least she realizes that the car was a mistake.

    • @arzotravels
      @arzotravels 4 года назад +7

      Buying that car is terrible and he surely won't like that at all as that isn't smart spending.

    • @VerStarr
      @VerStarr 4 года назад +1

      JBoogie1977 yeah, I read that too.

    • @randythomas4498
      @randythomas4498 4 года назад +3

      When graham sees that bmw. He’s gonna end her whole career

  • @momentous7417
    @momentous7417 4 года назад +10

    This is an awesome couple and great video but why doesn’t her monthly budget add up to $80k less taxes? $3,468 x 12 months is $41k?..🤔

  • @swicheroo1
    @swicheroo1 4 года назад +8

    "The majority of Wendy's expenses were covered by FAFSA." FYI: FAFSA is a form you fill out. It is not a fund. It enables universities to offer funding. CNBC is a money-focused program. Do better!

    • @moonie3866
      @moonie3866 4 года назад +2

      Almost everyone knows what it means when you get money from FAFSA

  • @Bellz89
    @Bellz89 4 года назад +4

    This was so honest and insightful!

  • @outsidegirl100
    @outsidegirl100 4 года назад +69

    She’s smart and motivated! Just wondering though: she has 25k in savings which makes sense assuming she’s been working about 1 year. But in a comment she said she also has 50k invested in the stock market. How did she get that money when after tax she makes *roughly* 40k?

    • @promise7407
      @promise7407 4 года назад +2

      outsidegirl100 probably an older acct , meaning she’s had it before pulling this job. Or side hustles and gifts invested overtime in addition to her main job🤷🏾‍♀️

    • @andrewangel4662
      @andrewangel4662 4 года назад +3

      After tax? How lol

    • @TB-vb3ov
      @TB-vb3ov 4 года назад +13

      40k after taxes? I work in CA and make 85k a year and I take home roughly 55-60k a year after taxes though I'm married. I'm sure she takes atleast 50k some after taxes.

    • @cokiesu
      @cokiesu 4 года назад +1

      @@TB-vb3ov Jesus...~30% in taxes

    • @exgamer07
      @exgamer07 4 года назад

      cokiesu tax deductions....after tax (30%)without standard deduction on 80,000 is 56k.

  • @universalask
    @universalask 4 года назад +52

    Buying that car was a huge mistake.

    • @MfckingDye
      @MfckingDye 4 года назад +8

      Yeah bro she admitted that herself and most people in the comments mutually agree with that. Comment something that hasn't already been addressed. This is old news.

    • @v.m.4453
      @v.m.4453 4 года назад +1

      Agreed. It's like she avoided the student loan debt just to get a car loan debt...

    • @universalask
      @universalask 4 года назад +1

      Vanessa Malone i follow her on instagram and subscribe to her youtube, she is fairy smart.

  • @megaeazy3
    @megaeazy3 4 года назад +21

    Love her story. However, Cars are depreciating assets. That BMW is a bad investment. Financially, a bad idea but if you can afford it, good for you

    • @SahilSharma-mu4yk
      @SahilSharma-mu4yk 4 года назад +10

      Everything is a depreciating asset. Even your life. So why do anything? Just wait for death right?
      Point is, there's no point in making money if you don't buy things that bring you happiness.
      Not everything has be about appreciating and depreciating... Some things are about happiness. Try having a positive outlook. Spend money on things you like because everything is depreciating asset.
      For example: mattresses are also depreciating asset.. but they bring comfort. So the same way a car brings comfort and happiness.
      Try having an outlook that is about happiness.

    • @mrcello5399
      @mrcello5399 3 года назад

      Except for japanese cars like toyota, not as european

  • @hankedawg1
    @hankedawg1 3 года назад +7

    I wished they have a follow up show...I would like to know if Coronavirus effected her life style...

  • @Ahil982
    @Ahil982 4 года назад +2

    A person who makes 80k a year, who is spending 40 000$ on a car, is suppose to give me an advice for investing money? Buying that kind of car on that salary might be one of the worst purchases.

  • @ladhkay
    @ladhkay 4 года назад +4

    She did the biggest mistake buying a brand new BMW, like no. Next best thing would be to sell it asap! Can I afford a luxury car? yes. Is it worth it right now? no. High maintenance cost and great depreciation

    • @ladhkay
      @ladhkay 4 года назад +3

      @@InvestedMillennial yea but you still got 30K to pay off when you could use that 30K towards a down payment for a house...but if it truly makes you happy then its worth it cuz I'm the same with Range Rovers. Doesnt make much financial sense but I'll still get it

  • @1Rab
    @1Rab 4 года назад +62

    "I graduated debt free and that helped me kick off my career." But proceeds to buy a car that cost more than my debt and payments. I graduated with $34K in student loans with less debt. My car was $3,000 and paid off.

    • @hummerguy
      @hummerguy 4 года назад +21

      That 3,000$ car is probably better than a bimmer tbh

    • @ooeyeswideoooobloodshotoo4916
      @ooeyeswideoooobloodshotoo4916 4 года назад +6

      Invested Millennial **MAINTENANCE MUST BE “REALLY CHEAP” AND DRIVING IN LA “GAS” GUZZLER.** **LOVING THE STOP AND GO TRAFFIC 😉👌🏾**

    • @monik7867
      @monik7867 4 года назад +1

      OoEYESWIDEoO OoBLOODSHOToO *STOP TYPING LIKE THIS PLEASE*

    • @ooeyeswideoooobloodshotoo4916
      @ooeyeswideoooobloodshotoo4916 4 года назад +4

      Idris Lounis **THEN DON’T PAY ATTENTION TO IT, BUT HEY YOU’RE DOING IT TOO 👍🏾**

    • @shantricejones5830
      @shantricejones5830 4 года назад

      @@hummerguy that would be a personal preference actually

  • @creditplug
    @creditplug 4 года назад +1

    Congratulations. You’re killing it.

  • @GlowLotus444
    @GlowLotus444 4 года назад

    Loved listening about your story ! Will be subscribing to your new channel!!

  • @armuk
    @armuk 3 года назад +3

    Yep scholarships are well worth pursuing. I graduated from a quite well-reputed university and after doing the sums, realised that I actually had a net profit from attending, after counting all the scholarships, national financial support, etc.

  • @daisiesandazaleas
    @daisiesandazaleas 4 года назад +10

    Jeeze I need to get my act together and really start saving again.

  • @DanielPerez-vv1mg
    @DanielPerez-vv1mg 4 года назад +2

    Omg so surprised and happy to see her on here! Definitely follow her channel for investing insights!

  • @thelouiebrand
    @thelouiebrand Год назад +1

    This makes zero sense unless you guys are renting a bedroom. I lived in la for 43 years and just moved out of there last year. This doesn’t sound possible at all.

  • @SophieN2fab4u
    @SophieN2fab4u 4 года назад +3

    Graham they made it over ten minutes!!! your words worked

  • @rachelg6413
    @rachelg6413 4 года назад +4

    I love the hussle! You go girl! ♡

  • @Erika2
    @Erika2 4 года назад +1

    YES!!!!! Check out her channel - investedmillennial

  • @juhiemodi2664
    @juhiemodi2664 4 года назад +6

    You go, Wendy! Incredible.

  • @mcclainculver
    @mcclainculver 3 года назад +3

    No way you spend only $150 on food, that’s not possible!

    • @gochellego2
      @gochellego2 3 года назад

      yes it is. That's my food costs and I live in LA.

  • @donyee8970
    @donyee8970 4 года назад +15

    You take care of your money and your money is taking care of you. Keep it up!

    • @paulettejones4921
      @paulettejones4921 4 года назад

      I have no money it was so bitter for me my island some people enjoy all the best WB in

  • @9Fashionista411
    @9Fashionista411 4 года назад +1

    Oh no the cancer :( I’m so sorry to hear but you got this girl!!! I wish the best for your health 💕

  • @TashaLove31911
    @TashaLove31911 4 года назад +1

    I’m sos surprised to see so many comments compared to when you first started and I discovered you :) def going in the right direction. SO PROUD OF YOU WENDY

  • @hifisoft2348
    @hifisoft2348 4 года назад +115

    Nobody:
    Graham: why spend that much on a carrrrr

    • @iamadeus
      @iamadeus 4 года назад +3

      Invested Millennial just keep the car, there is no point in selling it at a loss to prove to others that you saw your mistake. You already did and that is worth far more. As if Graham is as frugal as he says. I hope you saw Antwerp when in Belgium, if not you haven’t been here ;)

    • @agens6449
      @agens6449 4 года назад

      Owning Tesla, telling other people to sell their cars :D

    • @spcysos
      @spcysos 4 года назад

      @@InvestedMillennial yeah, you know what's up at least. That thing has for to go as soon as you can. Drive it another year or so and then get something that fits the new budget more reliably. Kudos on admitting that!

    • @afoxwithahat7846
      @afoxwithahat7846 3 года назад

      @@iamadeus Do you understand much about cars?

  • @burrito6907
    @burrito6907 4 года назад +61

    I couldn’t imagine paying $1,795 on a one bedroom apartment. That just sounds absurd to me!

    • @MsDesiree39
      @MsDesiree39 4 года назад +7

      AR least tge rent gets split, some have to pay rents like tha on their own.

    • @user-td7xf3gz4l
      @user-td7xf3gz4l 4 года назад +29

      It's LA dude

    • @burrito6907
      @burrito6907 4 года назад

      JJ I’m aware

    • @JoseCruzTV1
      @JoseCruzTV1 4 года назад +18

      That’s only 900 per person! That’s pretty cheap considering it’s probably a nice place in a nice area.

    • @crojastor1
      @crojastor1 4 года назад +17

      That’s a really good price for Pasadena, it’s beautiful there. Me and my gf pay 2800 for a one bedroom in downtown LA . Huge difference.

  • @danceluvr30
    @danceluvr30 4 года назад

    She is an inspiration! I was thinking of teaching online for students in China and this just gave me the motivation to do it!

  • @DukczYT
    @DukczYT Год назад +1

    The fact that 3-4 taxpayers had to fund her education just for her to buy a BMW and regain all the debt that she would have had in college.

  • @libraryminnie7674
    @libraryminnie7674 4 года назад +4

    Wow, I am so glad you realize what a wacky move buying that car was! Live and learn, right? I have seen people sell the car and buy a safe and reliable car for like 5-10K. $700 a month has me totally shook! You did everything right leading up to that purchase. I believe you will make better choices going foreword. You just need to mitigate the damage from the Beemer. Best of luck with your RUclips channel!

  • @arthurbermudez5169
    @arthurbermudez5169 4 года назад +84

    How is she living on 80k when she splits the cost of living with her boyfriend so you have to factor what the boyfriends income is also because she’s not living on her own

    • @zuzanazuscinova5209
      @zuzanazuscinova5209 4 года назад +2

      True

    • @cherishchang8400
      @cherishchang8400 4 года назад +12

      Because that is how much she makes. Splitting expensive can be considered a factor that helps you save, but it doesn’t mean that you are not living off of the income that you earn every year. You’re just spending less of it. It saves more to shack up

    • @pb7378
      @pb7378 4 года назад +1

      @@cherishchang8400 shack up🤣

    • @Observercom
      @Observercom 3 года назад

      Thank you

    • @P0k3D0nd3M4cG
      @P0k3D0nd3M4cG 3 года назад

      @@cherishchang8400 ...>.> that's OP's point. They're saying the title of the vid is disingenuous.

  • @wowso4
    @wowso4 4 года назад +1

    What a wonderful lady, very hard working and dedicated. Best of luck to you Wendy.

  • @ifonlyunu994
    @ifonlyunu994 4 года назад +1

    I love the investing aspect. Thank you CNBC.

  • @EyyItsMimi
    @EyyItsMimi 3 года назад +3

    9 months ago she has 1k on RUclips and now she has about 14k plus me lol! You go girl, do you and inspire others you are smart and strong.

  • @troytrey
    @troytrey 4 года назад +7

    You did everything correctly besides the bmw

  • @rezident529
    @rezident529 4 года назад +1

    i actually grew up/live here in Pasadena. Glad to see you winning in your fight with Cancer

  • @jasono.1629
    @jasono.1629 4 года назад

    You guys are on a great path, I’m super proud for both of you! Pasadena is an awesome city. Only wisdom I can give is be careful about spending tens of thousands on an MBA, unless you are certain it will move you up in your field.

  • @rene.s.s
    @rene.s.s 4 года назад +5

    That Food budget is impossible in LA, even with "parents bring us food" and doubled with partner

  • @FinancialShinanigan
    @FinancialShinanigan 4 года назад +43

    I sense a collab with Graham coming soon

    • @sreerajr6470
      @sreerajr6470 4 года назад

      @@InvestedMillennial yes .. my guess correct

    • @amolgill7480
      @amolgill7480 4 года назад +1

      Invested Millennial I really hope you do a collaboration with him. It’ll definitely boost your channel!

  • @Not3xactly
    @Not3xactly 4 года назад

    This one is very relatable to me. I'm a double Bruin, undergrad ND MBA, and also made a terrible car decision after my undergrad. I'm sure you'll do fine.

  • @hero2006
    @hero2006 2 года назад +1

    I make 80k a year and I'm debt free. No way would I own a BMW or any other luxury vehicle.

  • @ARPorganics
    @ARPorganics 4 года назад +3

    That's nothing compared to me living in California with 2 kids making only $32,000 a year.

  • @redunicorn7760
    @redunicorn7760 4 года назад +3

    Why isn't her channel linked??

  • @brad6375
    @brad6375 4 года назад +2

    We love that energy WENDY KEEP IT UP !!!

  • @PinstripeJim
    @PinstripeJim 3 года назад +1

    She's pretty, has a pittie, UCLA grad, debt free and works in Logistics. My kinda girl!!

  • @MattSezer
    @MattSezer 4 года назад +43

    I'd be more interested in seeing how people who aren't lucky enough to have stable full-time employment with quality health care deal with medical issues, especially ones that could put you out of work for months. I really don't see how it's revenant to her financial situation if it didn't impact her financially at all.

  • @Elitepresshd
    @Elitepresshd 4 года назад +14

    Wait 1:48 did she say chic fill is cheap..

  • @scinciong5693
    @scinciong5693 4 года назад +2

    Hi Wendy! Your story is inspiring! The way you handle your finances and your lifestyle is truly inspiring, something I wish and aspire for. May I know how did you get into logistics career? I want to explore making a career in that field. Hope you read this and respond. Thanks in advance!

  • @batirtzeurkiaga4973
    @batirtzeurkiaga4973 4 года назад +1

    Girl, you've been good!!! Congrats on all your accomplishments.