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
Hey don't copy and paste from wikipedia. Wiki states she made 12k as first year trader but the reference link to an interview with business insider saying she made 120K instead. I know Journalism is never about truth in the US but at least leave your reference otherwise it's called plagiarism
Her Mom got great joy and fulfillment along with peace by "having her as a child and raising her to be a good person" hopefully she learns that the most miserable people on planet earth are women over age 45 who are un-married with no children regardless of their profession and income. Even with her 1Mil per year, her Fame, nice house and her dog she will eventually become miserable if she gets old and has no family. FACTS!!
If her life goal is to save money.... shes doing a great job, if her goal is to create wealth shes doing a horrible job utilizing her income. but like "her mom" her values are saving saving saving..............saving for what? without a income the money she saved will eventually disappear over time... ' why would you save when you can create income month after month
Wish there was more information on how she transitioned from genetics to finance...seems like the video glossed over a huge contribution to how she got to this point.
That's because it's all fluff sir... I don't believe a word. They edit these things to perfection I will admit. The desired lie comes across perfectly.
@@BuMyBeLlY seems like it. Youngest trader on Wall Street but she took a 12k a year job to have that title. Then she just magically jumps to making all this money?
@Louise Raphaël That’s a great question to ask here and should get the best answers cause a lot of people also seek answers to the same questions but couldn’t find any answer and they end up making wrong steps which result to financial breakdown to many.
Why not reach out a *financial advisor* of a *Wealth Management Firm* who offers guidances and teaches how to grow your finance *yourself* with ease which will make *great returns* for you. I’ve earned almost *500k* with a good one so far. Give this a try if you need financial freedom
@Louise Raphaël Run a quick *research* on the INTERNET about this Financial Advisor, where I believe you can *approach* her from, do your check using her full names below
@@joylm9108 Finance doesn't really take skills. It's more about connections. She doesn't even have a degree in finance. Rich people often send their kids to prestigious finance schools just to make connections with other rich families. They don't need the training, they're going to make millions in their family business anyways. She couldn't manage to land a finance job that paid 120k/year. Floor Traders at the NYSE are redundant and obsolete since trades can be made from an app almost instantly. Her income is from making content and brand deals to talk about finance
In the middle of the video I was thinking "she kind of looks like M.Obama and her confidence level are on par with character for her to run for presidency in the future"...and then she says it at the end! If women were heads of states this world would be so much different, sooo much different.
How is someone with a degree in genetics know exactly what she is trading or the specifics in details? There are so many acronyms, abbreviations, jargons to lingos. But generally speaking you can tell when someone is an expert. I taught she was some overqualified finance major from a prestigious college. For example Janet Yellen, she is overqualified and beyond an expert.
She’s a good example of “it’s not how much you make, it’s how much you can keep!” Kudos to her for being an inspo for millennials like myself. I’m a pharmacist with a good salary but hers is what I’m striving to hit!
Well when you somehow only spend less than $200/monthly on groceries and less than $50/monthly on utilities somehow in LOS ANGELES.... and CNBC trying to discredit crypto. Wake up people
@@toniwonkanobi I don’t think that would be possible. I’m working on other side hustles and building up my investment portfolio. Being a pharmacist does give a decent income tho!
Smart kid. Good mom. This is what happens when you're taught budgeting and you practice living within your means at a young age. It follows you through life.
This is so inspiring. I love how she keeps $2000 in her bank account. There is such a self-control and discipline that speaks volumes of her mental mindset. She's so connected to her roots and how she grew up. Kudos to her mom as well for the principles instilled at such an early age.
Keeping such a small amount in your bank account is just savvy investing. Storing your money in a savings account means you're literally burning money.
@@LimitedWard why? Where exactly do you recommend putting it for someone who is new to all this and doesn’t know much about investing? Thank you so much in advance
Inflation means that the value of your cash is (very very slowly) decreasing (against the cost of living). You need to be earning interest to keep up with inflation, if you don’t know where to start it’s probably best to check out index funds (or speak to an adviser!)
@@ABa-ve3ul Sabs2510's response is absolutely correct. Interest rates for savings accounts are so small that inflation is rising much faster than what you're earning. This means the value of your savings account is depreciating over time. To be clear, that doesn't mean you should go ahead and close out your saving account in favor of index funds. You should still keep a small amount in savings in case of emergencies. $2k is admittedly very small (possibly too small). General rule of thumb is to keep at most 6 months worth of expenses in your savings. The rest you should try to invest elsewhere. The best places would be tax advantaged account (e.g. an IRA), but literally any other type of investment account would likely be better than keeping it all in savings.
@@LimitedWard thank you so much for your response, I truly appreciate it. Could you possibly tell me more about IRA? I’m very new to all this due to previous financial hardships
Am I the only person that wants to hear more about how she earns her money rather than whats she spends on. I still don't really know how she makes 650K a year. I know how to save but I could use some ideas on what hustles pay well.
She said it right in the beginning. She's producer, author, a host on a podcast, works on a tv series, investor, and sits on a board of a few financial companies.
"She's basically a social media influencer with a niche in finance. The bulk of her money comes from brand deals." "Exactly. She was never a good trader. Just got recognition from being the first Black female trader. Left the job after only a year to pursue her social media career"
I love how down to earth and “normal” she is and that she doesn’t spend all the money she earns but thinks of the future as well and knows the importance of savings. Kudos to this smart woman! 🙌🏼
Savings in stocks & bonds which can disappear in seconds when market crashes lol? The other billion $ companies have their money invested in Gold, Oil, Real Estate etc.. not in some stocks or bonds. That is not for avg person..
When you know better you do better. She was like I Seen it thank you but Im worth more.I value myself and I’m going to be prepared for my new deserving asking price
Shows the importance of networking and know what others are being paid. Since her background was not in finance, this likely was just her training salary, since they needed to invest in her training. One sees this if one works at an insurance brokerage after one gets their license. Just enough to get by but low enough to motivate one.
Claiming doesn't work you can't be working at Macdonald and expect to make that not that I'm saying you are But you have to put yourself in position where it's possible to make that
I can’t even be rubbed the wrong way at her saying $12k is not that different from $650k because she is 100% correct about spending habits. I’m a somewhat impulsive person and went from $24k to $75k. I did not handle that increase well and increased my cost of living which now has me in a bind that I shouldn’t be in. My goal now is to decrease my cost of living so that I can start saving again and use my money wisely. If you don’t know how to save/spend properky, any amount of money won’t seem like enough.
In a country where average rent is $1200, food and gas prices are high, there is a huge difference between making $12,000 and $650,000 a year. If its not then why would she say she will not take a job making less than 120k a year. She is delusional.
@@blackcherry6877 You’re not wrong at all. I only agree with her point about spending habits and the takeaway for me is that I probably wouldn’t handle $650k properly either until i better educate myself financially so I personally wasn’t offended like I usually would be if someone said something like that.
@@blackcherry6877 I don't think she meant literally, but just in terms of her mindset. Meaning she didn't let the increase throw off her tendency to save aggressively and control her spending, despite having so much more to work with. I agree with OP in that I am impulsive as well and probably wouldn't handle that kind of increase well as I am right now, because I'm not nearly as disciplined as the woman in the video and seriously need to change that. It's all in the mindset, but she's also speaking about her personal world view, not the literal difference in lifestyle. As for things not adding up, she's a person with multiple streams of income having her story boiled down to less than 10 minutes on RUclips, so you as a viewer most certainly don't have the whole story and there's nothing wrong with that.
Exactly. She was never a good trader. Just got recognition from being the first Black female trader. Left the job after only a year to pursue her social media career
I wish they explain how she got to that point; they skip a lot of steps to get to 650000. Also when she said making 12000 dollars is not much of a difference between 650000 dollars is laughable. Like she will not be able to have that apartment if she had less money.
@@Mavaros90 Right. People are so miserable. Finance brings in SO much money if you're on Wall Street (which she obviously was.) Also, they said she made an exit strategy and she became an entrepreneur. Yall can hate the game, but don't hate the player!
$165 on food per month?!? What am I doing wrong? 😂🤣 All jokes aside, she is such an inspiration to many. I like how she did not settle for her previous lower paying job but used it as a stepping stone to be where she’s at now. Awesome lady 👍🏾
Well perhaps her tummy is smaller so filling it with healthy food and water is a start and limiting snacking will go a long way. Since she has to also buy dog food and pay vet bills, $165 food bill can be done if you can cook a bit and live on salads. Make your own vinaigrette.
Living in LA paying 165 USD a month for food is practically impossible. Must be a lot of free meals eating out on dates. She's talking about buying salmon and shrimp to cook dinner for her and her dog. How do you arrive at 165 a month eating that? Lol
@@noraanabs4099 I am almost positive it's not possible. Not at 165 USD per month. It's LA. Mind you, no young woman her age will lock herself up in an apartment either, otherwise it defeats living there. Dinner and going out for food (read: dating) is part of the social environment in a city like that. A night out for dinner for one person alone will run you 50 to 100 USD easy. Nothing fancy either. I live in NY. It's the same environment here. As a man subsidizing women's food by taking them out on dates that lead to nothing is very common, if you're not careful. Not saying that's what she's doing because she actually seems to have substance and a lot to offer, but in my opinion that's the only way you can live in a city like LA spending so little on food. Go for a quick supermarket run to buy some bread and a small piece of cheese, you come out with 40 USD less in your pockets. This is simply the downside of living in a big city like LA.
@@frankyohance4625 Additionally though, since she has a lot of brand deals and so forth, I bet she gets invited to lots of exclusive events with catering, so companies are always providing her meals.
She claims to make $650k but lives off a budget of someone making high 5 figures? Maybe she is an extreme saver, but something doesn't add up to me. No matter what, cheers to her success.
Good for her. It sounds like she has a good head on her shoulders and had a terrific foundation for success instilled by her mother. I hope she goes on to do other great things.
How is that wise? If she gets hurt or killed tomorrow, she didn't get to spend any of the money that she puts all the time and effort in. Nothing wise about hoarding. If you want to be wise, realize there are no guarantees in life. Save enough for later and learn to enjoy what you have here and now.
@@leok7193 what if she has children and grandchildren or lives until she’s 100? if invested wisely, she can obviously use the money she earned in her youth to secure herself and her family generations. What if she wants to start a business in 10 years? She can use the capital she saved. What if she wants to buy a house (or five or an apartment building)? Guess what, she can use her savings and will never need a loan from anyone. What if she gets injured? SHE HAS HER SAVINGS TO FALL BACK ON. If she gets killed? Any debts can be paid, her family can lay her to rest with dignity and maybe inherit. She makes 650 and saves 85%, she takes home 97K per year to spend. As a single young person with no kids, she can do plenty with 97K. It would very short sighted for her to blow it all right now on silly depreciating assets as you’re suggesting, that’s poverty mindset.
@@MissMiaAfroGoddess poverty mindset. lol I don't talk to delusional people. If you think real estate is a depreciating asset or that joys of life fall second to the illusion of financial security, you need to reevaluate your life instead of commenting here
Wow - this is one of my favorites. She's so humble and down to earth. I also like that the things and habits she mentioned are things anyone can do. Saving 85% of income though!! That's pretty impressive. Very happy for her!
I'm so proud of you to go from $12k to $650k. Well deserved for sure, people just don't always completely understand the struggle of a young black female in corporate. You inspire!
So first off congrats to her on her success. The question that came up for me when she said that 12k is not different from 650k (and she said we’d think that was wild.. and I did). I know she meant that if you handle money well it won’t be that different. I know many people say that it’s not how much you make it’s how you manage it. She said she has always saved 85%, but my thing is mmm it doesn’t sound realistic to live off of 15% of a $12,000 a year salary. Wouldn’t that mean she was saving $850 a month and living off of $150? Am I getting that right? Only way I see that working is when you still live at home with parents and just have a few personal bills, and lucky are those who have that opportunity. Is this how others understood it though?
I understand it this way. Culturally renting is bad, owning is good. Interest on depreciating assets bad, interest on appreciating assets, better. When I was 17, I found a 2/2.5 townhouse; I needed 6K give/take for fees. I was in school and making 12k G/T after taxes. I saved $500.00 each month by giving up practically everything. Didn't eat out, not even $1 menu or a .50 can of pop on base. In a year I had saved the 6K needed to buy my first place. No parents, no help. I saved the 6k by living with roommates (hated it), spent $1.70 daily on trans (loved it, time to study, read), I've always volunteered, ate my major meals there, etc. I'll be 43 this year, "retired" in 2016. Doing pro-bono ever since. No debts, pay all bills on first of the month, barter/trade for the big-ticket tech items I need (I love it). I tried cable TV in my 20's never had it after that. My one indulgence has always been "The Internet". I've always paid for as much speed as I could afford. As soon as Gig speed became available, fell more in love LOL. JMO I believe we can all get more out of whatever income we have if we stopped believing that "wants" are "needs".
@@kevinwang6119 Thanks but not amazing. Can I assume from your last name that you are Asian? Do you have any financial management rules that are deeply culturally ingrained? I'm Biracial from a Caribbean, European and North African background and this way of living is how we were brought up. I'll be honest, most of my peers do not live like this anymore; I listened to my elders and lived in this way because I knew parental support would not be there for me like my siblings. I am illegitimate, I had to "do" for myself. We were taught that education is key BUT we also need a trade. Education " job" money is taxed by UncleS, Trade money (LOL tis MINE, and MINE alone, MINE!! LMAO). Volunteering to me is key; the Universe has a way of balancing the scales. I love Barter/Trade and living within my budget. Don't get me wrong. I deny myself nothing, love my toys with bells and whistles. I just figure out a different way to have it all. I'm one of those " a lil paranoid" about security folks. I have a mobile, it cost 100PlusDollarsIsh with a "Everything included" plan for about $50 a month. A young relative asked me to pay his mobile bill one month. It was damned near $300 (Every month) I told him I would if he agreed to change plans and behavior to bring his bill to under $100 per month. He b*tched, moaned and eventually refused. He also thought he was entitled as I, his aunt was living among clover. Since he refused, I refused. Him, his siblings and parents stopped speaking to me. So, life is definitely NOT AMAZING, it's just mine.
@@kevinwang6119 Also this is not me judging, just me being curious. Yes, LA is expensive, not so expensive that with her income and good credit she cannot purchase a home. I have a play brother that lives out there. He is an MD and was paying off student loans until his 30s. We put our heads together. (Remember the bartering? Paid nothing for my daughter's preventative, even emergency healthcare while she was growing up. Even her glasses were made by another "hook up" for free. One year on vacation I swore my daughter had measles. With a quickly emailed photo, he was able to assure me that it was probably just sea lice or some other irritant from us spending hours daily in/on the sea). I rode roughshod over him when he would fall in love with a property and eventually convinced him to buy a duplex with two identical 3/3.5 units. Cheaper than rent plus the property steadily appreciated and no mortgage, RE taxes or upkeep ever came out of his pocket. The rent on the second unit paid for everything. I've rented, every month I paid rent; felt like I was insulting my ancestors LOL. The young lady may have her reasons for renting, maybe the rent is 100% tax deductible as she blogs etc. from home. Hopefully we get a follow up that answers that question.
Kudos to her for killing it. But this video left me with more questions than answers… - how is she spending only $165 on food while eating shrimp & salmon? IN LA! - how are utilities only $45/month?! Again, in California…some of the highest utility rates in the country I felt the video was pretty secretive? Maybe she didn’t wanna give away her advice for free, which I get. Lol but if the traders aren’t putting $ in the market…where are they putting it? Art? Real estate? Throw us a bone lol.
Also, she said she didn’t invest in the stick market til 2020. So has she been keeping 85% of her income in a savings account getting eaten by inflation? Hard to believe someone who’s worked in wall street would do that.
Thank you! I was thinking the same thing!! I’ve lived in California my whole life and she’s definitely downplayed the numbers. Did you see those strawberries?? lol $165 a month is $5.50 a day…There is no way!!!! The $265 on transportation in LA got me too yet she’s driving a luxury car, what about gas , car insurance and parking. Also she left out her beauty budget…She’s gorgeous but I see lashes and hair that are not cheap.
3:26 In the budget there is no allocation to groceries and only $165/month for food. You’re telling me some clearing half a million dollars doesn’t spend more than $5.50 a day on food? In Los Angeles $165 will get you 10 take out meals at best. At a grocery store you’ll spend $165 in two hauls (in only 1 if you shop at whole foods/erewhon). The budget in this video is off and unrealistic. Also lmk where you get $100/month health insurance 😂
The whole thing is ridiculous and missing huge chunks of info. I'm also skeptical she makes that every year. I think they took a number after totaling all her endeavors one year and put this video out.
Omg right?! Thank you for not being stupid, who spends $3800 for a single person when you're trying to save 85%? The mentality doesn't make sense. Talking down on crypto off CNBC scripting and team coming in and directing all this. There are real people who earn this much but this fake news isnt it. Cant ever trust mainstream news look into who profits from CNBC... The US economy has been screwed over by event201 (look it up if you don't know, ain't no shame in learning) and now they're like look at these people and how they only live off $5/day for food with 6figures LMAO
@@nayjavu In my opinion this video was poorly produced and important details were glossed over. It’s clear that CNBC is solely concerned with generating quantity over quality with this video series in order to maximize profits and stay relevant rather than focusing on producing quality content that leaves viewers with a lesson learned.
@@auracare A video like this is meant to be picked apart by the viewers and the fact there has been so many flaws in this story goes to show CNBC isn’t too concerned with quality of content, they’re more focused on quantity and algorithms so they pump out these videos with little review and without the viewers best interest in mind all so that they can stay in-line with their revenue model.
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off
95% of people who work on Wall Street don’t invest in the stock market? I wish she would’ve elaborated on why. I’m really shocked to hear that especially since they push the narrative to Invest.
often it’s very difficult to invest, they have to report everything and abide by loads of rules and they make so much money they often don’t care about investing
Yeah that’s definitely a good head start lol. Her mom helped her build credit and she had somewhere to live while she made $12k a year (and made history)
Your business will make you rich but your investment will make you wealthy. We all deserve to be rich and have financial freedom. I pray everyone reading this becomes extremely successful.
I diversified my $25K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $450k in net profit across high dividend yield crypto in few weeks or months.
So she has a Tesla, internet, and an apartment and only spends $43 a month on utilities? $100 on food? Something doesn’t add up here like how she went from a genetics degree to an equity trader in a year.
her degree was genetics with a minor in statistics. She's said in interviews before that she placed more emphasis on the statistics aspect of her degree, and in some cases lied and stated that she was a stats major
9 That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. 10
wait - how is she paying only $100/month in health insurance? I'm over here making $25K a year and I pay $130/month... also, her electricity is only $43/month?! I pay anywhere from $75-$130 for my one bedroom.
Because she is misrepresenting herself. I read an article in which she pays $165 for her monthly food bill at Whole Foods. Really? I can spend the same amount anywhere from a week to a day shopping at WF. The truth will be revealed at a later date.
Is a budget breakdown of someone making 650k a year (gross $54k/month) really helping anyone? The interesting part of this story is how she scaled her income from $12k to $650k, let's get more details there!
Yeah, something about this piece seems very incomplete. I’d certainly much rather learn about how much she has made as an author since I’ve never come across any of her writing, how much she earns running a production company since I’ve never come across any of her media, how much she earns sitting on the finance boards and what she earns as an influencer. 650k annual salary is literally just the threshold to be ranked as the 1% in Los Angeles
I don’t get why some people would be unwilling to congratulate her on her success just because she’s a girl. But those people aren’t worth worrying about. She is doing fantastic for herself, which I think is great. I hope she inspires many more girls to chase their ambitions
@@alp.9672 It’s not a “fake narrative” (whatever tf that is). She says herself at 7:08 that she feels women don’t get the kudos when they are successful. I’m saying I don’t get why people wouldn’t. I’m a guy and I admire her success and all of the things she’s been able to do.
I dont get it. Normal entry level grads make $12k and she just "decided" she wanted $120k? Like how did she get a company to do that? And she didnt even major in Finance!
These numbers seem inflated, the home looks like an Airbnb and saving $590k/year seems unrealistic. I’ve never seen any of her books or watched anything she’s produced. I’m not sure how much sitting on various finance boards pay or working as an influencer
She had a trainee position at one of the investment firms. Once she connected w others at other firms, she realized once she got some experience she should be making that amount. Then with her next position, that was what she expected to be paid. Once you have your own portfolio of clients, salaries soar from there.
If you base it on her degree, a significant amount of people working in finance and wall St don't even have business academic backgrounds but simply highly quantitative backgrounds to become quants for data analytics like mathematics, statistics, computer science, engineering, physics, etc. She had a minor in statistics, which has a lot of overlap genetics, which is one of the most quantitative biological fields of study. That seemed to have got her a foot in the door to work as business analyst for a corporate retailer, which is a common job generally out of college for anyone who has skills in data analytics, something im sure she did plenty of in college. from there, she made her way to the nyse, and clearly she had to grind to make her way up from $12000. But if you set and uphold your own standards, youd be surprised how quickly you can move up the latter when you only take opportunities that pay you what you know you should be worthed based on researched business norms. Once you get your foot in the door, being able to network, and sell and market your skills goes a long way. Also goes to show how far having a strong math background can take you. sis really earned that 👏👏
People who dont live with their parents are sooooo selfish, living with parents soo much benefit save money, your learn adjustment, compromise, having everything you want all the time leads to detriment remeember that
"She's basically a social media influencer with a niche in finance. The bulk of her money comes from brand deals." "Exactly. She was never a good trader. Just got recognition from being the first Black female trader. Left the job after only a year to pursue her social media career"
This video straight up skipped over how she did most things. I'm not interested in what she spends, I'm interested in how she got where she got. If I wanted a random flex I would watch rapper music videos.
She literally listed all the ways in which she is earning her income. Telling you how she specifically did it won’t help because no financial formula is the same for any two people. Her story is unique. You need to factor in her opportunities, her experience and education, her financial literacy, and drive and motivation to be able to replicate her same financial outcome. I think she gave just enough to motivate another to be willing enough to figure out what strengths they have so they can create wealth in their life too. Oh and the most important thing to take away is she doesn’t care about “clout” - no need for expensive + excessive dinners/vacations and unnecessary showing off which leads to unnecessary purchases. Either way best of luck on doing it your own UNIQUE way. Annnnd that’s my TedTalk.
How is it possible that she spends 100 dollars a month on food anywhere in the world let alone San Francisco and she is not starving from malnutrition?
This makes me question everything else. I don’t know anyone that can live off of $100/month on food, not even low income individuals. Doesn’t make sense. She’s saying she spends more on her dog than feeding herself.
My method is to buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct. also ignore the forecasts and market views which are at best entertaining but completely useless. thanks to having an adviser, ever grateful to Michelle Ann Schlosser
With inflation worries growing, and the Federal Reserve taking a more hawkish approach to interest rates and bond purchase tapering, i feel a correction underway.
*Great video. We all strive towards financial stability and a better life. It is easy to achieve this through the right investment, by living frugally and budgeting. I’m glad I learnt early in life to work hard for financial freedom*
In my opinion, venturing into a good investment, is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting. Nevertheless, investing can be difficult and risky doing it solely. For this reason , I advise on seeking help from professionals(financial advisor). It’s not just watching videos and reading investment book but the challenge is using it well.
This is just the right information towards financial freedom as well as wealth creation. For so many years I thought working for other people was the only way to live comfortably, but I came to think differently when I started working with *Donald Nathan Scott* (a registered financial adviser residing in United States). Now I gain a lot working with him.
To be financially free with a passive income source which exceeds your expenses, you need to invest. It’s not just watching videos and reading investment books anymore but for positive results, work with an expert. I used to think that I can make more money investing on my own without any loss, but I had better luck working with a *financial advisor* . I’m glad I chose to work with *Donald Nathan Scott* and I have no regrets with my decision.
@@MariaDeigo8 As to get more details about my coach; *(Donald Nathan Scott)* quickly do a web check where you can connect with him, do your research with his full names mentioned.
Talk about superwoman! She's a Host, Author, Producer and Host of Spotify/TV series, and seat on board of multiple financial companies. But in all health is wealth. She's a great example for young Black girls/ladies.
what's to enjoy? this just seems like a vanity piece. there's nothing to learn here. we all spent 5 minutes watching a cute girl brag about being frugal and making a lot of money...congrats to her, i guess...
@@Kevinschart I agree, this doesn’t go as in-depth as some other videos on this channel but I think the main appeal here is allow those who are interested to catch up on what’s been going on with Lauren and how she has developed professionally and personally since the earlier feature. With that being said, I still found this enjoyable.
Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life
To earn more you are required to have a multiple diversified means of income", which is why Investment is an avenue of making more money once it's profitable.
@@LuciaCasucci I'm on the East Coast, but any time I'm in a grocery store in California, I notice that fresh produce is so much cheaper. I spend about $350 on a grocery trip, but it lasts about 3 months in my deep freezer - meats, including steak, poultry, seafood, cheeses, fresh veggies I blanch and deep freeze and fresh fruits I make into 4 gallons of smoothies and freeze.
@@villarema718 I heard a lot about Investments with Renee Lynne Baggay , how good she is and how she has helped People. Please how safe are the profits ?
@@raymondstewart8773 I have also been trading with her, The profits are secured and over a 100% return on investment directly sent to your wallet. I made up to $360,000 in 2months trading with her platform.
after watching so many RUclips tutorial videos about trading I was still making losses until Mrs Renee started managing my investments now I make $60,567 weekly.
First of all, massive respect to Lauren, her dedication to personal and professional growth and all of her achievements at such a young age and with her background. I'm sceptical about the completeness and accuracy of the $4,800 monthly budget, i.e. less than $1,000 in discretionary spending after rent. In a city like LA, that gets you NOWHERE. For example, I have a hard time believing that she spends merely $165 a month on food, especially after the shot with her buying salmon at Whole Foods! In the SF Bay Area, I'm at around $250 monthly on groceries alone as a single household, which is fairly conservative and doesn't include anything overly fancy (maybe salmon or steak max. twice a week), and I still purchase most of my weekday lunches eating out, so that would come on top. Also, a combined $182 on miscellaneous discretionary spending, including going out, travel, and vacation, seems highly unlikely. As I imagine she may have family living in Georgia or otherwise distant, just the Thanksgiving and Christmas trips back home would already blow up that part of the budget. Unfortunately, the apparent inaccuracy of the expense chart takes away from Lauren's story, and that's not what she or all the other remarkable individuals who appear in the series deserve.
It is possible she has a sugar dad who pays her all the food, traveling, clothes and etc. She doesn’t seem like make 650 based on what she does but it is easy to get if she has a sugar daddy who brings her to the board meetings.
depends on the person. I am earning 200k+ a year but I don't go on vacations and don't go out. Am generally anti social and don't find it safe to go anywhere due to covid. Even prior to that I didn't enjoy going places. For entertainment I have Netflix, Viki, Reddit, my tablet etc and I find that more peaceful than going anywhere. I don't enjoy going to places and travelling. Vacations are stressful. I enjoy staying home and working.
Investing in the stock market is the best option to make a passive income. Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.
Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.
Christine Lynn Saitta, she is an expert who does the heavy lifting for me, she makes research on stocks, and adds my portfolio with stocks for monthly and yearly earnings. a friend i referred to her made $26k weekly with her signal
Imagine making an amazing living and dropping all of that on a tiny piece of real estate that is obscenely overpriced leaving you essentially working for nothing..
I've been keeping a substantial amount of my savings in cash. It feels safe, but I wonder if it's the right approach for retirement. I want to invest roughly $400K in stocks since I've heard that even in challenging times, investors may turn a profit. I’m not sure where to go from here.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
This doesn't pass the sniff test, and it's disappointing seeing CNBC put this stuff out there. It gives the false impression that if you just look and sound good and say the right things, you will be successful --- and quickly! This is just shallow. It's great that Ms. Simmons was "discovered" and she's taking advantage of the opportunities life has presented her, but what she does --- and has or hasn't achieved --- could have been represented more honestly.
"She's basically a social media influencer with a niche in finance. The bulk of her money comes from brand deals." "Exactly. She was never a good trader. Just got recognition from being the first Black female trader. Left the job after only a year to pursue her social media career"
she lost me at the budget breakdown... where does that thousand-dollar weave fall ?? you have to get that done regularly for it to staying looking the way she seems to keep it looking (according to her Instagram) .. also , I see her wearing an 8-thousand dollar Chanel bag and thousand-dollar Louboutin (red bottom) heels .. so how is her monthly "shopping and entertainment" budget under 200 bucks ? i live in L.A. , am broke af , and struggle to keep my spending on groceries under $200 , so i also find that hard to believe.. and she added that she feeds her dog out of her groceries too ?! girl gtf
@@TeKeyaKrystal Some of that could be gifted (she’s an influencer) or rented. Or thrifted actually - she is in LA so lots of out of season designer stuff can be found. You’d be surprised what you can get just by being semi-famous. The only question I have is HOW she could pivot to $650k. She had to do find a place to live making $12k a year for that opportunity to be worthwhile. She would also have to get an agent to represent her for some of these deals. Lots of business moves based on her “first black woman” status but there’s a LOT about social media management that people don’t know…..
She became an equity trader with a degree in genetics? Cmon man. Who does she or did she know? This story sounds exactly like a "story." She makes 650k a year and living in an apartment? She can afford to buy a house in cash or finance a home.
well in L.A. , even millionaires rent apartments but i do believe she's not telling the full story about her monthly budget .. her lifestyle doesn't reflect what she claims she limits herself to spending .. i live in L.A. & there has to be something she's not telling us b/c aint no fcking way she's walking around with luxury designer and spending under $200/month on "shopping & entertainment"
Just made my first withdrawal last week and I wasn't happy with myself because I was skeptical which made me invest so law meanwhile I'm on my second trade with her and this time I invested in a big way.
Those scammers they promise to make up to $50,000 profit within the space of 7 days with just $2000 to invest and end up not even refunding your capital but she's a woman of integrity, with $2000 Mrs Lauren will tell you can only make profit within the range of $10,000 to $12,000 and actually delivers.
@@zackgrivel5613 When I saw testimonies all over the place I thought it was all made up stories till I was convinced and gave it a try and honestly I don't regret the move I made because I invested in a big wav
I think part of that is she does deals with different brands. Brands don't usually like to disclose how much they pay influencers. Now, the other aspects such as tv host, author, etc they could have given approximates.
Living off of 15% of 12K means you are not living on your own obviously. Because, no one can survive on that in NY, even with roommates. No one. However, it is great that she manages her money. Though, eventually she will understand to enjoy a little more as she gets comfortable beyond New money. Balance.
This was such an excellent video to show that all it takes is time. You may not be where you want to be today, but you never know your future, so keep going.
So they’re just going to keep posting this story with her mentioning that she saved 85% of 12,000 without including that she received support from her family during that time. Again, this feels irresponsible.
It’s not irresponsible! She was like 20, new grad on an extremely low income, ofcourse her family were supporting her. What’s irresponsible about that? I’m 24 and my family still support me, which I appreciate so much but that’s what family is about Sooo confused on why everyone is so salty she managed to save 85% of her salary. That’s amazing! Give the girl her flowers 🙄.
@@wandiam6635 Ohhh okay! I mean, I get it but if you can’t deduce that someone on a 12K salary saving 85% of their salary is getting help then I think that says a lot about you. I knew it immediately. It’s the only thing that makes sense. CNBC always leave stuff out 😂🤷🏾♀️
This channel has lost its ethos. These videos used to be targeted to people genuinely interested in understanding the financial mistakes and successes of people from diverse career backgrounds, education-levels, and geographies. Educating an audience in this case is achieved through thorough profiling of the interviewee without exclusion or glossing of key details. I think now, these videos are focused on the histrionics of high salaries of (mostly) California residents. Entertaining, yes. Inspiring, sometimes. Educational, no.
Reading some of these comments and people wonder why they never do better in life. You have the ability to change any situation as Lauren did, if you put your mind to it. Many probably fail to see she was reading and spends time creating and not watching tv and absorbed with social media. Do better and you can have better.
i promise you i had to rewind the video three times because i knew i had to be missing something or misunderstanding .. i live in L.A. & there ain't no fcking way.. not even in an abandoned drug house in Compton
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
dam.. her dog eat better than i do...rip
Hey don't copy and paste from wikipedia. Wiki states she made 12k as first year trader but the reference link to an interview with business insider saying she made 120K instead. I know Journalism is never about truth in the US but at least leave your reference otherwise it's called plagiarism
I'm new to crypto investment, how do I get started with the help of a professional?
Her Mom got great joy and fulfillment along with peace by "having her as a child and raising her to be a good person" hopefully she learns that the most miserable people on planet earth are women over age 45 who are un-married with no children regardless of their profession and income. Even with her 1Mil per year, her Fame, nice house and her dog she will eventually become miserable if she gets old and has no family. FACTS!!
If her life goal is to save money.... shes doing a great job, if her goal is to create wealth shes doing a horrible job utilizing her income. but like "her mom" her values are saving saving saving..............saving for what?
without a income the money she saved will eventually disappear over time... '
why would you save when you can create income month after month
Wish there was more information on how she transitioned from genetics to finance...seems like the video glossed over a huge contribution to how she got to this point.
This may be one of the most vague episodes I've seen. Seems like the key details were left out.
Yeah I agree they always cut out a lot of the interview It’s annoying
That's because it's all fluff sir... I don't believe a word. They edit these things to perfection I will admit. The desired lie comes across perfectly.
@@BuMyBeLlY seems like it. Youngest trader on Wall Street but she took a 12k a year job to have that title. Then she just magically jumps to making all this money?
CNBC had a special on her when she was 22 and it provides more detail. I believe it stated she networked to get the finance job
I'd love to see how she invests 85% of her money, while having only 2k in checking. 12k to 650k is an INSANE growth so kudos to her!
@Louise Raphaël That’s a great question to ask here and should get the best answers cause a lot of people also seek answers to the same questions but couldn’t find any answer and they end up making wrong steps which result to financial breakdown to many.
Why not reach out a *financial advisor* of a *Wealth Management Firm* who offers guidances and teaches how to grow your finance *yourself* with ease which will make *great returns* for you. I’ve earned almost *500k* with a good one so far. Give this a try if you need financial freedom
@Louise Raphaël Run a quick *research* on the INTERNET about this Financial Advisor, where I believe you can *approach* her from, do your check using her full names below
*ANNA KRISTINE SERVICES*
Yeah her investments must be insane! Definitely very motivational
I too, have decided that I will only accept job offers *starting at $120k* 😂
Provided you have the skills to make that demand
@@joylm9108 Finance doesn't really take skills. It's more about connections. She doesn't even have a degree in finance. Rich people often send their kids to prestigious finance schools just to make connections with other rich families. They don't need the training, they're going to make millions in their family business anyways. She couldn't manage to land a finance job that paid 120k/year. Floor Traders at the NYSE are redundant and obsolete since trades can be made from an app almost instantly. Her income is from making content and brand deals to talk about finance
Her $650,000 is her "exit deal" and you've described it perfectly.
Know your worth 👏
right?!
She really knows what she’s doing, and also what she won’t touch. A sound basis!
Glad you love the content. Helpline is projected above 🇱🇷 I'll introduce you to something new worth Investing your $$
And had a great parent to give her a head start.
Nice seeing you here Justine!
In the middle of the video I was thinking "she kind of looks like M.Obama and her confidence level are on par with character for her to run for presidency in the future"...and then she says it at the end! If women were heads of states this world would be so much different, sooo much different.
How is someone with a degree in genetics know exactly what she is trading or the specifics in details? There are so many acronyms, abbreviations, jargons to lingos. But generally speaking you can tell when someone is an expert. I taught she was some overqualified finance major from a prestigious college. For example Janet Yellen, she is overqualified and beyond an expert.
She’s a good example of “it’s not how much you make, it’s how much you can keep!” Kudos to her for being an inspo for millennials like myself. I’m a pharmacist with a good salary but hers is what I’m striving to hit!
Well when you somehow only spend less than $200/monthly on groceries and less than $50/monthly on utilities somehow in LOS ANGELES.... and CNBC trying to discredit crypto. Wake up people
You want to hit $650K/year ...as a pharmacist?
@@toniwonkanobi I don’t think that would be possible. I’m working on other side hustles and building up my investment portfolio. Being a pharmacist does give a decent income tho!
BEWARE: SCAM ALERT. SCAM, SCAM, SCAM, SCAM...
@@toniwonkanobi a ton of pharmacists make that much. It’s called owning your own store.
Smart kid. Good mom. This is what happens when you're taught budgeting and you practice living within your means at a young age. It follows you through life.
Absolutely!
Was she taught how to be a good mother and a wife? i guess thats to much to ask nowadays, but its ok with millions of immigrants coming in.
@@Charless_Martel wow, you managed to display your sexism and your xenophobia in just two sentences. You’re very efficient.
This is so inspiring. I love how she keeps $2000 in her bank account. There is such a self-control and discipline that speaks volumes of her mental mindset. She's so connected to her roots and how she grew up. Kudos to her mom as well for the principles instilled at such an early age.
Keeping such a small amount in your bank account is just savvy investing. Storing your money in a savings account means you're literally burning money.
@@LimitedWard why? Where exactly do you recommend putting it for someone who is new to all this and doesn’t know much about investing? Thank you so much in advance
Inflation means that the value of your cash is (very very slowly) decreasing (against the cost of living). You need to be earning interest to keep up with inflation, if you don’t know where to start it’s probably best to check out index funds (or speak to an adviser!)
@@ABa-ve3ul Sabs2510's response is absolutely correct. Interest rates for savings accounts are so small that inflation is rising much faster than what you're earning. This means the value of your savings account is depreciating over time.
To be clear, that doesn't mean you should go ahead and close out your saving account in favor of index funds. You should still keep a small amount in savings in case of emergencies. $2k is admittedly very small (possibly too small). General rule of thumb is to keep at most 6 months worth of expenses in your savings. The rest you should try to invest elsewhere. The best places would be tax advantaged account (e.g. an IRA), but literally any other type of investment account would likely be better than keeping it all in savings.
@@LimitedWard thank you so much for your response, I truly appreciate it. Could you possibly tell me more about IRA? I’m very new to all this due to previous financial hardships
Am I the only person that wants to hear more about how she earns her money rather than whats she spends on. I still don't really know how she makes 650K a year. I know how to save but I could use some ideas on what hustles pay well.
She said it right in the beginning. She's producer, author, a host on a podcast, works on a tv series, investor, and sits on a board of a few financial companies.
@@youaregoingtolovethis no, other videos they break down what they make in what feilds they make it in. Like graham Stephan or the babysitter
Yup... This made no sense at all......
Calling her businesses hustles is the first mistake.
"She's basically a social media influencer with a niche in finance. The bulk of her money comes from brand deals." "Exactly. She was never a good trader. Just got recognition from being the first
Black female trader. Left the job after only a year to pursue her social media career"
I love how down to earth and “normal” she is and that she doesn’t spend all the money she earns but thinks of the future as well and knows the importance of savings. Kudos to this smart woman! 🙌🏼
Absolutely!
Savings in stocks & bonds which can disappear in seconds when market crashes lol?
The other billion $ companies have their money invested in Gold, Oil, Real Estate etc.. not in some stocks or bonds. That is not for avg person..
@@MK-xn6qx okay ...bye
I liked the part (after she realized the disparity at the NYSE) where she decided she would only accept job salaries over 120K 😊
Glad you love the content. Helpline is projected above 🇱🇷 I'll introduce you to something new worth Investing your $$
Most ppl don’t have that type of privilege like her
When you know better you do better. She was like I Seen it thank you but Im worth more.I value myself and I’m going to be prepared for my new deserving asking price
@@707tich Yes exactly!!
Shows the importance of networking and know what others are being paid. Since her background was not in finance, this likely was just her training salary, since they needed to invest in her training. One sees this if one works at an insurance brokerage after one gets their license. Just enough to get by but low enough to motivate one.
I CLAIM 650,000 FORWARD IN JESUS NAME AMEN
Amen!
Amen
Amen😭😭😭😭
Claiming doesn't work you can't be working at Macdonald and expect to make that not that I'm saying you are
But you have to put yourself in position where it's possible to make that
Amen!!!
The high rate of cost of living is really affecting a lot of families out there, even those that got no job
The cost of living is making people go into different business anyways, but my problem is that the rate at which gets finish is very surprising
@Michael Clinton How do you do it sir?
@@thomasfreddie9235 It's very possible because I make $7800 with my little $1200 weekly
@@kimberlycobbs9303 this is the same bitcoin trading I'm presently struggling with and I've run bankrupt
@Michael Clinton Should i say not just an expert, Mrs Sarah Ann has the best trading records because of her rate of performance.
Congrats to her. She is a living proof that majoring in a certain field shouldn't prevent you from exploring other career options.
I can’t even be rubbed the wrong way at her saying $12k is not that different from $650k because she is 100% correct about spending habits. I’m a somewhat impulsive person and went from $24k to $75k. I did not handle that increase well and increased my cost of living which now has me in a bind that I shouldn’t be in. My goal now is to decrease my cost of living so that I can start saving again and use my money wisely. If you don’t know how to save/spend properky, any amount of money won’t seem like enough.
In a country where average rent is $1200, food and gas prices are high, there is a huge difference between making $12,000 and $650,000 a year. If its not then why would she say she will not take a job making less than 120k a year. She is delusional.
@@blackcherry6877 You’re not wrong at all. I only agree with her point about spending habits and the takeaway for me is that I probably wouldn’t handle $650k properly either until i better educate myself financially so I personally wasn’t offended like I usually would be if someone said something like that.
@@JohnsonKayla12 I hear ya. I just don't believe her story. Too many holes in her story, some things are not adding up.
@@blackcherry6877 I don't think she meant literally, but just in terms of her mindset. Meaning she didn't let the increase throw off her tendency to save aggressively and control her spending, despite having so much more to work with. I agree with OP in that I am impulsive as well and probably wouldn't handle that kind of increase well as I am right now, because I'm not nearly as disciplined as the woman in the video and seriously need to change that.
It's all in the mindset, but she's also speaking about her personal world view, not the literal difference in lifestyle. As for things not adding up, she's a person with multiple streams of income having her story boiled down to less than 10 minutes on RUclips, so you as a viewer most certainly don't have the whole story and there's nothing wrong with that.
She's basically a social media influencer with a niche in finance. The bulk of her money comes from brand deals.
Exactly. She was never a good trader. Just got recognition from being the first
Black female trader. Left the job after only a year to pursue her social media career
@@lukebradley7879 factssssssssssssssssssssssssss
@@lukebradley7879 haterrrr
see , i wish she would've said that from the jump instead of beating around the bush with her answer to "what do i do?"
😬But Facts
I wish they explain how she got to that point; they skip a lot of steps to get to 650000. Also when she said making 12000 dollars is not much of a difference between 650000 dollars is laughable. Like she will not be able to have that apartment if she had less money.
She works in finance, she's an author, producer and host. That's how she got there. No need for an itemised breakdown.
@@Mavaros90 Learning peoples career paths is always interesting and informative
@@Mavaros90 if there was ever a video that would call for an itemized breakdown it would be a millennial money video
Not trying to hate I don't believe her
@@Mavaros90 Right. People are so miserable. Finance brings in SO much money if you're on Wall Street (which she obviously was.) Also, they said she made an exit strategy and she became an entrepreneur. Yall can hate the game, but don't hate the player!
$165 on food per month?!? What am I doing wrong? 😂🤣
All jokes aside, she is such an inspiration to many. I like how she did not settle for her previous lower paying job but used it as a stepping stone to be where she’s at now. Awesome lady 👍🏾
Well perhaps her tummy is smaller so filling it with healthy food and water is a start and limiting snacking will go a long way. Since she has to also buy dog food and pay vet bills, $165 food bill can be done if you can cook a bit and live on salads. Make your own vinaigrette.
Living in LA paying 165 USD a month for food is practically impossible. Must be a lot of free meals eating out on dates. She's talking about buying salmon and shrimp to cook dinner for her and her dog. How do you arrive at 165 a month eating that? Lol
@@frankyohance4625 I am surprised too even if you’re eating only salad!! $165 for a month!! I need to know how she does it.
@@noraanabs4099 I am almost positive it's not possible. Not at 165 USD per month. It's LA. Mind you, no young woman her age will lock herself up in an apartment either, otherwise it defeats living there.
Dinner and going out for food (read: dating) is part of the social environment in a city like that. A night out for dinner for one person alone will run you 50 to 100 USD easy. Nothing fancy either.
I live in NY. It's the same environment here. As a man subsidizing women's food by taking them out on dates that lead to nothing is very common, if you're not careful. Not saying that's what she's doing because she actually seems to have substance and a lot to offer, but in my opinion that's the only way you can live in a city like LA spending so little on food.
Go for a quick supermarket run to buy some bread and a small piece of cheese, you come out with 40 USD less in your pockets. This is simply the downside of living in a big city like LA.
@@frankyohance4625 Additionally though, since she has a lot of brand deals and so forth, I bet she gets invited to lots of exclusive events with catering, so companies are always providing her meals.
So inspiring for me as a 20 year old black woman.
Why is it always about race with some black ppl.. very Egoistic
Don't be fooled. She's in the top tiny fraction of 1%. 99.5% are barely getting by. This is liberal propaganda.
She claims to make $650k but lives off a budget of someone making high 5 figures? Maybe she is an extreme saver, but something doesn't add up to me. No matter what, cheers to her success.
Good for her. It sounds like she has a good head on her shoulders and had a terrific foundation for success instilled by her mother. I hope she goes on to do other great things.
she deserves more for her hard work ... too bad those CA taxes ripping everyone off
utilities $43? food $165? in LA? something is not adding up here
I know seems shady no way a 3 thousands a month rental would have utilities that's not in the hundreds every month.
@@jason4275 maybe is included
Man you know these vids are half truths.
@@candyjamaican and full lies lol 😂
That's per week 🤣
GREAT JOB LAUREN!! You’re killing it, saving 85% of your pay is incredibly wise, I bet your parents are so proud
How is that wise? If she gets hurt or killed tomorrow, she didn't get to spend any of the money that she puts all the time and effort in. Nothing wise about hoarding.
If you want to be wise, realize there are no guarantees in life. Save enough for later and learn to enjoy what you have here and now.
@@leok7193 what if she has children and grandchildren or lives until she’s 100? if invested wisely, she can obviously use the money she earned in her youth to secure herself and her family generations. What if she wants to start a business in 10 years? She can use the capital she saved. What if she wants to buy a house (or five or an apartment building)? Guess what, she can use her savings and will never need a loan from anyone. What if she gets injured? SHE HAS HER SAVINGS TO FALL BACK ON. If she gets killed? Any debts can be paid, her family can lay her to rest with dignity and maybe inherit.
She makes 650 and saves 85%, she takes home 97K per year to spend. As a single young person with no kids, she can do plenty with 97K. It would very short sighted for her to blow it all right now on silly depreciating assets as you’re suggesting, that’s poverty mindset.
@@MissMiaAfroGoddess poverty mindset. lol I don't talk to delusional people. If you think real estate is a depreciating asset or that joys of life fall second to the illusion of financial security, you need to reevaluate your life instead of commenting here
Wow, she’s a breath of fresh air in these times. Congrats on her success.
A run down of her streams of income as an entrepreneur would have grounded this
Wow - this is one of my favorites. She's so humble and down to earth. I also like that the things and habits she mentioned are things anyone can do. Saving 85% of income though!! That's pretty impressive. Very happy for her!
try some LED light bulbs.🙂
too bad in Vancouver (CA), most people spend over 50% of their income on rent :/
She has the beauty and the brains,glad she’s doing well
Yea she literally the total package. I’m sure she doesn’t talk to men her age or earn less than her.
@@alp.9672 Uhm, she would definitely talk to men her age. Most women date younger now. The young girl-old guy thing is a no no.
@@butterflymoon6368 you have no idea what you're saying lol
@@alp.9672 Of course not, would you?
@@butterflymoon6368 She's only 28, she likely dates age appropriate which is likely 26-40.
I'm so proud of you to go from $12k to $650k. Well deserved for sure, people just don't always completely understand the struggle of a young black female in corporate. You inspire!
Most of her money isn’t from being in corporate, it’s from social media and brand deals
Debt free & making $650K/year? She’s doing AMAZING for a 27-year old!
The amount of time we spend believing we can't is more than enough time to learn how you can.
- my Brain
That's deep
am definitely stealing this, you are genuine 💯
you are 💯% right
Am opportunity that was once a fear is now my full-time career
Stocks are good but crypto is better
So first off congrats to her on her success. The question that came up for me when she said that 12k is not different from 650k (and she said we’d think that was wild.. and I did). I know she meant that if you handle money well it won’t be that different. I know many people say that it’s not how much you make it’s how you manage it. She said she has always saved 85%, but my thing is mmm it doesn’t sound realistic to live off of 15% of a $12,000 a year salary. Wouldn’t that mean she was saving $850 a month and living off of $150? Am I getting that right? Only way I see that working is when you still live at home with parents and just have a few personal bills, and lucky are those who have that opportunity. Is this how others understood it though?
She was not living on her own obviously. No one can survive on that in NY even ,with roommates. No one.
I understand it this way. Culturally renting is bad, owning is good. Interest on depreciating assets bad, interest on appreciating assets, better. When I was 17, I found a 2/2.5 townhouse; I needed 6K give/take for fees. I was in school and making 12k G/T after taxes. I saved $500.00 each month by giving up practically everything. Didn't eat out, not even $1 menu or a .50 can of pop on base. In a year I had saved the 6K needed to buy my first place. No parents, no help. I saved the 6k by living with roommates (hated it), spent $1.70 daily on trans (loved it, time to study, read), I've always volunteered, ate my major meals there, etc. I'll be 43 this year, "retired" in 2016. Doing pro-bono ever since. No debts, pay all bills on first of the month, barter/trade for the big-ticket tech items I need (I love it). I tried cable TV in my 20's never had it after that. My one indulgence has always been "The Internet". I've always paid for as much speed as I could afford. As soon as Gig speed became available, fell more in love LOL. JMO I believe we can all get more out of whatever income we have if we stopped believing that "wants" are "needs".
@@ccalogero6074 Wow that's an amazing story
@@kevinwang6119 Thanks but not amazing. Can I assume from your last name that you are Asian? Do you have any financial management rules that are deeply culturally ingrained? I'm Biracial from a Caribbean, European and North African background and this way of living is how we were brought up. I'll be honest, most of my peers do not live like this anymore; I listened to my elders and lived in this way because I knew parental support would not be there for me like my siblings. I am illegitimate, I had to "do" for myself. We were taught that education is key BUT we also need a trade. Education " job" money is taxed by UncleS, Trade money (LOL tis MINE, and MINE alone, MINE!! LMAO). Volunteering to me is key; the Universe has a way of balancing the scales. I love Barter/Trade and living within my budget. Don't get me wrong. I deny myself nothing, love my toys with bells and whistles. I just figure out a different way to have it all. I'm one of those " a lil paranoid" about security folks. I have a mobile, it cost 100PlusDollarsIsh with a "Everything included" plan for about $50 a month. A young relative asked me to pay his mobile bill one month. It was damned near $300 (Every month) I told him I would if he agreed to change plans and behavior to bring his bill to under $100 per month. He b*tched, moaned and eventually refused. He also thought he was entitled as I, his aunt was living among clover. Since he refused, I refused. Him, his siblings and parents stopped speaking to me. So, life is definitely NOT AMAZING, it's just mine.
@@kevinwang6119 Also this is not me judging, just me being curious. Yes, LA is expensive, not so expensive that with her income and good credit she cannot purchase a home. I have a play brother that lives out there. He is an MD and was paying off student loans until his 30s. We put our heads together.
(Remember the bartering? Paid nothing for my daughter's preventative, even emergency healthcare while she was growing up. Even her glasses were made by another "hook up" for free. One year on vacation I swore my daughter had measles. With a quickly emailed photo, he was able to assure me that it was probably just sea lice or some other irritant from us spending hours daily in/on the sea).
I rode roughshod over him when he would fall in love with a property and eventually convinced him to buy a duplex with two identical 3/3.5 units. Cheaper than rent plus the property steadily appreciated and no mortgage, RE taxes or upkeep ever came out of his pocket. The rent on the second unit paid for everything.
I've rented, every month I paid rent; felt like I was insulting my ancestors LOL. The young lady may have her reasons for renting, maybe the rent is 100% tax deductible as she blogs etc. from home. Hopefully we get a follow up that answers that question.
Kudos to her for killing it. But this video left me with more questions than answers…
- how is she spending only $165 on food while eating shrimp & salmon? IN LA!
- how are utilities only $45/month?! Again, in California…some of the highest utility rates in the country
I felt the video was pretty secretive? Maybe she didn’t wanna give away her advice for free, which I get. Lol but if the traders aren’t putting $ in the market…where are they putting it? Art? Real estate? Throw us a bone lol.
Iknow so many questions, hate when they leave us spinning!!!
What about how much is she spending on health and beauty. Her hair alone costs a fortune in LA I’m sure.
Also, she said she didn’t invest in the stick market til 2020. So has she been keeping 85% of her income in a savings account getting eaten by inflation? Hard to believe someone who’s worked in wall street would do that.
How did she get into finance/trading when her degree is in genetics, doesn't make any sense
Thank you! I was thinking the same thing!! I’ve lived in California my whole life and she’s definitely downplayed the numbers. Did you see those strawberries?? lol $165 a month is $5.50 a day…There is no way!!!! The $265 on transportation in LA got me too yet she’s driving a luxury car, what about gas , car insurance and parking. Also she left out her beauty budget…She’s gorgeous but I see lashes and hair that are not cheap.
She eats salmon, steak, etc for her and her dog and shops at Whole Foods. That costs $165 a month? 🧢🧢🧢
🤣🤣🤣
Definitely cap!
3:26 In the budget there is no allocation to groceries and only $165/month for food. You’re telling me some clearing half a million dollars doesn’t spend more than $5.50 a day on food? In Los Angeles $165 will get you 10 take out meals at best. At a grocery store you’ll spend $165 in two hauls (in only 1 if you shop at whole foods/erewhon). The budget in this video is off and unrealistic. Also lmk where you get $100/month health insurance 😂
The whole thing is ridiculous and missing huge chunks of info. I'm also skeptical she makes that every year. I think they took a number after totaling all her endeavors one year and put this video out.
Omg right?! Thank you for not being stupid, who spends $3800 for a single person when you're trying to save 85%? The mentality doesn't make sense. Talking down on crypto off CNBC scripting and team coming in and directing all this. There are real people who earn this much but this fake news isnt it. Cant ever trust mainstream news look into who profits from CNBC... The US economy has been screwed over by event201 (look it up if you don't know, ain't no shame in learning) and now they're like look at these people and how they only live off $5/day for food with 6figures LMAO
@@nayjavu In my opinion this video was poorly produced and important details were glossed over. It’s clear that CNBC is solely concerned with generating quantity over quality with this video series in order to maximize profits and stay relevant rather than focusing on producing quality content that leaves viewers with a lesson learned.
@@auracare A video like this is meant to be picked apart by the viewers and the fact there has been so many flaws in this story goes to show CNBC isn’t too concerned with quality of content, they’re more focused on quantity and algorithms so they pump out these videos with little review and without the viewers best interest in mind all so that they can stay in-line with their revenue model.
@@jackdvision spot on
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off
@Stacy White I found her on a CNBC market interview, so I looked her up and we begun our awesome partnership
@Stacy White You can connect with her on what'saap
+150
2273
5657
95% of people who work on Wall Street don’t invest in the stock market? I wish she would’ve elaborated on why. I’m really shocked to hear that especially since they push the narrative to Invest.
often it’s very difficult to invest, they have to report everything and abide by loads of rules and they make so much money they often don’t care about investing
Seems like they only invest during a stock market crash 🤔
@@samuelwhite7856 that makes sense. Thanks 😊
Because it's all manipulated by fund managers and the super wealthy. Unless you know what they are planning, you can't win...
Her mom helped her build credit, already she’s at a huge advantage versus others. That’s wonderful she worked her way up though.
Yeah, not everybody has good parents.
right . i appreciate her giving credit to the head start her mother gave her on finances
Yeah that’s definitely a good head start lol. Her mom helped her build credit and she had somewhere to live while she made $12k a year (and made history)
I remember her original story. Glad to see she is doing well. Wow, her brand deals are amazing😊👍.
Yup🙌🏾
Many people venture into crypto to be wealthy, meanwhile I just want to be debt free.
Your business will make you rich but your investment will make you wealthy. We all deserve to be rich and have financial freedom. I pray everyone reading this becomes extremely successful.
I diversified my $25K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $450k in net profit across high dividend yield crypto in few weeks or months.
Investing in crypto is the most profitable investment due to its current rise, huge profits and future benefits.
I'm shocked someone mentioned Anna Wilson of UCLA Anderson financial institute.
My first investment with Anna was so great. I invested $2,000 and made a profit of $18,680. Her commission is wow.
So she has a Tesla, internet, and an apartment and only spends $43 a month on utilities?
$100 on food?
Something doesn’t add up here like how she went from a genetics degree to an equity trader in a year.
That doesn't make sense maybe she has someone mentoring her
her degree was genetics with a minor in statistics. She's said in interviews before that she placed more emphasis on the statistics aspect of her degree, and in some cases lied and stated that she was a stats major
9 That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. 10
This was a good episode, but that monthly budget was simply fake….. $160 on food and $40 on utilities in LA. 🤔
She may be getting free food at work for breakfast or lunch
Yup I agree her rent was realistic but not good and utilities!
She may not be single and splitting food and utilities with someone
Yeah totally not realistic budget.
@@blkOnyx287 at work as her own boss? Lol
Everything made sense except for 165 a month for food..what is she eating???
Is that a lot?
@@twincherry4958 no lol. $165 a month for food is really low. Basically she’s eating less then $50/week.
Well, she said she doesn’t eat breakfast, maybe that’s what helps the budget stay low & she most likely does not eat out often.
@@nate6430 Ok, cos that's about how much I spend on fruits alone😁😃
wait - how is she paying only $100/month in health insurance? I'm over here making $25K a year and I pay $130/month... also, her electricity is only $43/month?! I pay anywhere from $75-$130 for my one bedroom.
Because she is misrepresenting herself. I read an article in which she pays $165 for her monthly food bill at Whole Foods. Really? I can spend the same amount anywhere from a week to a day shopping at WF. The truth will be revealed at a later date.
Because she's female if you check the box for female in your insurance you automatically get a discount it's called women privilege
@@Cinnamon535 that's inaccurate. I am currently a PREGNANT female and still pay $130/month.
Is a budget breakdown of someone making 650k a year (gross $54k/month) really helping anyone? The interesting part of this story is how she scaled her income from $12k to $650k, let's get more details there!
Yeah, something about this piece seems very incomplete. I’d certainly much rather learn about how much she has made as an author since I’ve never come across any of her writing, how much she earns running a production company since I’ve never come across any of her media, how much she earns sitting on the finance boards and what she earns as an influencer. 650k annual salary is literally just the threshold to be ranked as the 1% in Los Angeles
How about 100$ a month on food? In California? I find it hard to believe
I am so in awe of her drive and confidence, it is inspiring!!!
I remember hearing her story! So proud of her! Congrats!!!
I don’t get why some people would be unwilling to congratulate her on her success just because she’s a girl. But those people aren’t worth worrying about. She is doing fantastic for herself, which I think is great. I hope she inspires many more girls to chase their ambitions
Only dusty Kevin Scamuels fans would have a problem with her success.
@@heatherfeather9951 kevin hit ur nerves
What is this fake narrative? Nobody is even being disrespectful in the comments.
@@alp.9672 It’s not a “fake narrative” (whatever tf that is). She says herself at 7:08 that she feels women don’t get the kudos when they are successful. I’m saying I don’t get why people wouldn’t. I’m a guy and I admire her success and all of the things she’s been able to do.
@@drewconway7135 I’m talking about in the comments of this video!
I don't know you Lauren....but I'm proud of you sis. Keep growing, keep building, keep leading by example.
She should move in silence.Don't tell the world how much money you make.
I dont get it. Normal entry level grads make $12k and she just "decided" she wanted $120k? Like how did she get a company to do that? And she didnt even major in Finance!
These numbers seem inflated, the home looks like an Airbnb and saving $590k/year seems unrealistic. I’ve never seen any of her books or watched anything she’s produced. I’m not sure how much sitting on various finance boards pay or working as an influencer
Diversity and inclusion policies
things that don't make sense are usually a lie. there's your answer
She had a trainee position at one of the investment firms. Once she connected w others at other firms, she realized once she got some experience she should be making that amount. Then with her next position, that was what she expected to be paid. Once you have your own portfolio of clients, salaries soar from there.
If you base it on her degree, a significant amount of people working in finance and wall St don't even have business academic backgrounds but simply highly quantitative backgrounds to become quants for data analytics like mathematics, statistics, computer science, engineering, physics, etc. She had a minor in statistics, which has a lot of overlap genetics, which is one of the most quantitative biological fields of study. That seemed to have got her a foot in the door to work as business analyst for a corporate retailer, which is a common job generally out of college for anyone who has skills in data analytics, something im sure she did plenty of in college. from there, she made her way to the nyse, and clearly she had to grind to make her way up from $12000. But if you set and uphold your own standards, youd be surprised how quickly you can move up the latter when you only take opportunities that pay you what you know you should be worthed based on researched business norms. Once you get your foot in the door, being able to network, and sell and market your skills goes a long way. Also goes to show how far having a strong math background can take you. sis really earned that 👏👏
People who dont live with their parents are sooooo selfish, living with parents soo much benefit save money, your learn adjustment, compromise, having everything you want all the time leads to detriment remeember that
@@brownlatinaa46 i believe this is the wrong comment reply
"She's basically a social media influencer with a niche in finance. The bulk of her money comes from brand deals." "Exactly. She was never a good trader. Just got recognition from being the first
Black female trader. Left the job after only a year to pursue her social media career"
she said she went straight from 12 to 120.
The fact that she's a women's and she's black also opens all these doors for her
This video straight up skipped over how she did most things. I'm not interested in what she spends, I'm interested in how she got where she got. If I wanted a random flex I would watch rapper music videos.
She literally listed all the ways in which she is earning her income. Telling you how she specifically did it won’t help because no financial formula is the same for any two people. Her story is unique. You need to factor in her opportunities, her experience and education, her financial literacy, and drive and motivation to be able to replicate her same financial outcome.
I think she gave just enough to motivate another to be willing enough to figure out what strengths they have so they can create wealth in their life too. Oh and the most important thing to take away is she doesn’t care about “clout” - no need for expensive + excessive dinners/vacations and unnecessary showing off which leads to unnecessary purchases.
Either way best of luck on doing it your own UNIQUE way. Annnnd that’s my TedTalk.
How is it possible that she spends 100 dollars a month on food anywhere in the world let alone San Francisco and she is not starving from malnutrition?
Ytb: I am curious. Where did you get "San Francisco" from? I only heard and read that she's in "Los Angeles".
This makes me question everything else. I don’t know anyone that can live off of $100/month on food, not even low income individuals. Doesn’t make sense. She’s saying she spends more on her dog than feeding herself.
@Delores B I come from poverty and now I have plenty of money I spend easily 2k a month on food. I’m sure the $100 is an error
@Delores B … I’m single, with no children and I spend about $80 dollars on groceries.. But I eat out a lot
@@mirandaterrell more than likely this woman eats out more than she cooks
Good for you! KSU grad here as well. And if no one else says it then I will. Congratulations on the first of many millions!
I’m from Marietta as well and i live and work close to KSU so this is so inspiring
Most people venture into crypto to be a millionaire, meanwhile, I just want to be debt free
Just do the right thing, by trading with an expert, I trust me you will be a millionaire and debt free
You don't make money on forex or crypto by holding your coins rather you trade to make gain.
When you invest in crypto you are buying a day you don't need to work.
Assets that can make you wealthy
Gold
Crypto
Stock
Real estate
Fear is one of the factors that hinder most persons to invest into crypto, most persons say ignorance..
My method is to buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct. also ignore the forecasts and market views which are at best entertaining but completely useless. thanks to having an adviser, ever grateful to Michelle Ann Schlosser
❤️❤️I keep buying my targeted stocks on low days. I'm pretty sure the market will recover soon and continue the climb.
>>Impressive. also I did read about Michelle Ann Schlosser on the web., quite a great resume she has.
With inflation worries growing, and the Federal Reserve taking a more hawkish approach to interest rates and bond purchase tapering, i feel a correction underway.
Found her webpage, and left a mail after going through her credentials. I'm willing to make consultations to improve my portfolio..
*Great video. We all strive towards financial stability and a better life. It is easy to achieve this through the right investment, by living frugally and budgeting. I’m glad I learnt early in life to work hard for financial freedom*
In my opinion, venturing into a good investment, is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting. Nevertheless, investing can be difficult and risky doing it solely. For this reason , I advise on seeking help from professionals(financial advisor). It’s not just watching videos and reading investment book but the challenge is using it well.
This is just the right information towards financial freedom as well as wealth creation. For so many years I thought working for other people was the only way to live comfortably, but I came to think differently when I started working with *Donald Nathan Scott* (a registered financial adviser residing in United States). Now I gain a lot working with him.
To be financially free with a passive income source which exceeds your expenses, you need to invest. It’s not just watching videos and reading investment books anymore but for positive results, work with an expert. I used to think that I can make more money investing on my own without any loss, but I had better luck working with a *financial advisor* . I’m glad I chose to work with *Donald Nathan Scott* and I have no regrets with my decision.
@@cathenido1624 Please , how do I connect with your financial planner( Donald Nathan Scott) ?
@@MariaDeigo8 As to get more details about my coach; *(Donald Nathan Scott)* quickly do a web check where you can connect with him, do your research with his full names mentioned.
Really love how she thinks abt money and how she uses it wisely
Talk about superwoman! She's a Host, Author, Producer and Host of Spotify/TV series, and seat on board of multiple financial companies. But in all health is wealth. She's a great example for young Black girls/ladies.
But why are people questioning how much she made? She said she made $650k. Period. No analysis needed. Just enjoy the video and move on.
People do that on like all the videos with high income, you’re new here?
what's to enjoy? this just seems like a vanity piece. there's nothing to learn here. we all spent 5 minutes watching a cute girl brag about being frugal and making a lot of money...congrats to her, i guess...
Periodt
@@Kevinschart I agree, this doesn’t go as in-depth as some other videos on this channel but I think the main appeal here is allow those who are interested to catch up on what’s been going on with Lauren and how she has developed professionally and personally since the earlier feature. With that being said, I still found this enjoyable.
@@adjoaaa8431 fair enough...i'm not familiar with her, so i didn't realize she was a person that people follow.
Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life
I agree with you. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return.
To earn more you are required to have a multiple diversified means of income", which is why Investment is an avenue of making more money once it's profitable.
you're right, but any Investment without a proper guidance and experience is suicidal
@Dion Prince you're right Forex trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.
I made 62,800 dollars within 6days of trading with Bitcoin.
She just motivated my whole life. I love her.
Great job but her budget breakdown is not realistic, barely 5k a month with 165 for food in LA? please
I agree, because I use to live on the West Coast. Now I live in Houston and I still spend more on groceries than that.
If you cook most meals that's doable.
@@mizzmolly7649 rice and beans, beans and rice. I am vegetarian cook at home only still living in LA and I spend around 270 a month and I am frugal AF
@@LuciaCasucci I'm on the East Coast, but any time I'm in a grocery store in California, I notice that fresh produce is so much cheaper. I spend about $350 on a grocery trip, but it lasts about 3 months in my deep freezer - meats, including steak, poultry, seafood, cheeses, fresh veggies I blanch and deep freeze and fresh fruits I make into 4 gallons of smoothies and freeze.
Uncle Sam was watching
$160,000 just in two weeks Renee Lynne Baggay you are so amazing.
@Christian Gerald I've been profit-oriented trading with Mrs Renee Lynne Baggay.
@@villarema718 I heard a lot about Investments with Renee Lynne Baggay , how good she is and how she has helped People. Please how safe are the profits ?
@@raymondstewart8773 I have also been trading with her, The profits are secured and over a 100% return on investment directly sent to your wallet. I made up to $360,000 in 2months trading with her platform.
after watching so many RUclips tutorial videos about trading I was still making losses until Mrs Renee started managing my investments now I make $60,567 weekly.
@Gold Peters her availability is sure and faster on Wts..... apk Messenger.
Found it interesting that the people working at the NYSE don't invest into the stock market??🤔
Yea that was shocking to me. But then again it may be that they do real estate or they don’t manage money well. Who knows.
Right? What do they do with the money instead?
@@mirabella2154 Yeah I want to know what they invest into instead?
Most of them probably make around 100k a year and if they are good savers stick to real estate and index funds
i dont think NYSE workers has investing skills. Fund traders & finance people work in an office, not on the NYSE floor.
She is very bright, I hope she is successful in all her endeavors. So far, she is doing an amazing job.
Most people venture into crypto to be millionaires, meanwhile i just want to be debt free
Just do the right thing, by trading with an expert, I trust me you will be a millionaire and debt free
When you invest in crypto you are buying days you don't need to work
Your businesses will make you rich but your investments will make you wealthy
Now is the best time to purchase and invest in bitcoin, stop procastinating.
Wish I knew about crypto trading earlier. Brace up and get yourself a bitcoin before it's too late.
First of all, massive respect to Lauren, her dedication to personal and professional growth and all of her achievements at such a young age and with her background.
I'm sceptical about the completeness and accuracy of the $4,800 monthly budget, i.e. less than $1,000 in discretionary spending after rent. In a city like LA, that gets you NOWHERE. For example, I have a hard time believing that she spends merely $165 a month on food, especially after the shot with her buying salmon at Whole Foods! In the SF Bay Area, I'm at around $250 monthly on groceries alone as a single household, which is fairly conservative and doesn't include anything overly fancy (maybe salmon or steak max. twice a week), and I still purchase most of my weekday lunches eating out, so that would come on top. Also, a combined $182 on miscellaneous discretionary spending, including going out, travel, and vacation, seems highly unlikely. As I imagine she may have family living in Georgia or otherwise distant, just the Thanksgiving and Christmas trips back home would already blow up that part of the budget.
Unfortunately, the apparent inaccuracy of the expense chart takes away from Lauren's story, and that's not what she or all the other remarkable individuals who appear in the series deserve.
It is possible she has a sugar dad who pays her all the food, traveling, clothes and etc. She doesn’t seem like make 650 based on what she does but it is easy to get if she has a sugar daddy who brings her to the board meetings.
depends on the person. I am earning 200k+ a year but I don't go on vacations and don't go out. Am generally anti social and don't find it safe to go anywhere due to covid. Even prior to that I didn't enjoy going places. For entertainment I have Netflix, Viki, Reddit, my tablet etc and I find that more peaceful than going anywhere. I don't enjoy going to places and travelling. Vacations are stressful. I enjoy staying home and working.
It would be much more interesting to hear how she lived on only 15% of her $12,000K salary while living in NYC.
right . i smell some fabrication
She is killing it! Great episode. I wish her continued success
Investing in the stock market is the best option to make a passive income.
Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.
Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.
who would you endorse ? I've been in the shadows for too long
Christine Lynn Saitta, she is an expert who does the heavy lifting for me, she makes research on stocks, and adds my portfolio with stocks for monthly and yearly earnings. a friend i referred to her made $26k weekly with her signal
How do I reach her ,you got any possible means of getting more info on her services?
27 years old?! we will definitely hear about this young lady again in the future
It's nice to see someone make money like a human being that works and uses their brains vs ppl who get rich off others hard work
from one Black woman to another, thank you Lauren! you're a great inspiration and I know you will continue to soar.
Something is off with the food calculation though. There is absolutely no way to live in LA on $100/month. Maybe $100/ week
Imagine making an amazing living and dropping all of that on a tiny piece of real estate that is obscenely overpriced leaving you essentially working for nothing..
I've been keeping a substantial amount of my savings in cash. It feels safe, but I wonder if it's the right approach for retirement. I want to invest roughly $400K in stocks since I've heard that even in challenging times, investors may turn a profit. I’m not sure where to go from here.
as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.
This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
Something is not being said here. I’m guessing she is an influencer lady.
Yeah they mentioned up to 6 figure brand deals
Yeah, an author, podcaster, tv host and a producer. With six figure brand deals, being the bulk of her income for the year.
Did you watch the video?
@@alp.9672 Not really, The comments are better than the video. They make me laugh.
@@aaronbirook4367 congratulations, you waste your time.
This doesn't pass the sniff test, and it's disappointing seeing CNBC put this stuff out there. It gives the false impression that if you just look and sound good and say the right things, you will be successful --- and quickly! This is just shallow. It's great that Ms. Simmons was "discovered" and she's taking advantage of the opportunities life has presented her, but what she does --- and has or hasn't achieved --- could have been represented more honestly.
You sound like a hater.
I agree…that she no longer a nyse equity trader explains that she wasn’t cut out to be a trader.
"She's basically a social media influencer with a niche in finance. The bulk of her money comes from brand deals." "Exactly. She was never a good trader. Just got recognition from being the first
Black female trader. Left the job after only a year to pursue her social media career"
she lost me at the budget breakdown... where does that thousand-dollar weave fall ?? you have to get that done regularly for it to staying looking the way she seems to keep it looking (according to her Instagram) .. also , I see her wearing an 8-thousand dollar Chanel bag and thousand-dollar Louboutin (red bottom) heels .. so how is her monthly "shopping and entertainment" budget under 200 bucks ?
i live in L.A. , am broke af , and struggle to keep my spending on groceries under $200 , so i also find that hard to believe.. and she added that she feeds her dog out of her groceries too ?! girl gtf
@@TeKeyaKrystal Some of that could be gifted (she’s an influencer) or rented. Or thrifted actually - she is in LA so lots of out of season designer stuff can be found. You’d be surprised what you can get just by being semi-famous. The only question I have is HOW she could pivot to $650k. She had to do find a place to live making $12k a year for that opportunity to be worthwhile. She would also have to get an agent to represent her for some of these deals. Lots of business moves based on her “first black woman” status but there’s a LOT about social media management that people don’t know…..
Keep it up sis you're motivating the rest of us
how? to throw away almost 5k a month in rent for a cheesy tiny apartment???? so motivating. Really bad money management.
@@littlecupcakespuppies lol i doubt she only have 1 stream of income ; any successful trade has at least 2 streams of income .
Talk about the whole package! Beauty, brains, values, ambition, WOW girl I'm so impressed and inspired... Well done 👏💪👍😍
She became an equity trader with a degree in genetics? Cmon man. Who does she or did she know? This story sounds exactly like a "story." She makes 650k a year and living in an apartment? She can afford to buy a house in cash or finance a home.
well in L.A. , even millionaires rent apartments
but i do believe she's not telling the full story about her monthly budget .. her lifestyle doesn't reflect what she claims she limits herself to spending .. i live in L.A. & there has to be something she's not telling us b/c aint no fcking way she's walking around with luxury designer and spending under $200/month on "shopping & entertainment"
I first saw this inspirational woman on LinkedIn and have been able to watch her blossom over the years. Continue to grow and glow, Lauren.
$32,000 returns in just 16days, my financial life is totally changed
OMG! You Trade With Mrs Lauren Simmons too I thought 🤔people don't know her that well... she's really awesome!
Just made my first withdrawal last week and I wasn't happy with myself because I was skeptical which made me invest so law meanwhile I'm on my second trade with her and this time I invested in a big way.
Those scammers they promise to make up to $50,000 profit within the space of 7 days with just $2000 to invest and end up not even refunding your capital but she's a woman of integrity, with $2000 Mrs Lauren will tell you can only make profit within the range of $10,000 to $12,000 and actually delivers.
@@sergioanderson2181 Her method surprises me
@@zackgrivel5613 When I saw testimonies all over the place I thought it was all made up stories till I was convinced and gave it a try and honestly I don't regret the move I made because I invested in a big wav
$165 a month for food, with salmon/shrip leftovers for the dog?!? I spend $400 a month with no leftovers for my cat.
lol , riiiight ?! i live in L.A. and even people on Welfare spend more money than her on food and ultities AFTER government discounts
650k at 27? I’m crying I’ll forever be poor
Same 😩
BOSS lady...drop dead gorgeous and seemingly humble...
Love it!
Nice video and good to see a woman of color on here but would of liked a breakdown of the $650k.
There’s usually a breakdown of the income in these
I think part of that is she does deals with different brands. Brands don't usually like to disclose how much they pay influencers.
Now, the other aspects such as tv host, author, etc they could have given approximates.
She said it, producer, podcast, author. She literally gave the breakdon
@@OracleofDelphiTarot that's not a breakdown
165 a month on food in LA? Cap
Ya. That's fake.
You can't survive on $2/day for food. Not even bulk white rice.
FFS a single cosco hot dog will run out your budget LOL
its bogus clearly she must have forgot a 0 maybe
I love to see this! I've been following her on instagram for a while now, a true class act and inspiration!
Glad you love the content. Helpline is projected above 🇱🇷 I'll introduce you to something new worth Investing your $$
Living off of 15% of 12K means you are not living on your own obviously. Because, no one can survive on that in NY, even with roommates. No one.
However, it is great that she manages her money. Though, eventually she will understand to enjoy a little more as she gets comfortable beyond New money. Balance.
right . she didn't tell the full truth .. i live in L.A. , we're the same age , and she's full of sh*t
The fact that Kasper stayed staring at the screen at 3:29 was so cute and hilarious to me hahaha.
This was such an excellent video to show that all it takes is time. You may not be where you want to be today, but you never know your future, so keep going.
at some points, this vid seemed more like a dating profile than a financial report
So they’re just going to keep posting this story with her mentioning that she saved 85% of 12,000 without including that she received support from her family during that time. Again, this feels irresponsible.
Wouldn't it be obvious that a recent grad making 12k and able to save any of it is getting family support?
I agree it’s misleading
It’s not irresponsible! She was like 20, new grad on an extremely low income, ofcourse her family were supporting her. What’s irresponsible about that? I’m 24 and my family still support me, which I appreciate so much but that’s what family is about
Sooo confused on why everyone is so salty she managed to save 85% of her salary. That’s amazing! Give the girl her flowers 🙄.
@@leahmcdermott4189 I don't think they're saying her getting the support is irresponsible, but that CNBC not clearly stating that is.
@@wandiam6635 Ohhh okay! I mean, I get it but if you can’t deduce that someone on a 12K salary saving 85% of their salary is getting help then I think that says a lot about you. I knew it immediately. It’s the only thing that makes sense.
CNBC always leave stuff out 😂🤷🏾♀️
Her dog is living a better life than me loool. 😅You go girl! Thanks for sharing your endeavors, very encouraging! ♥️
This channel has lost its ethos. These videos used to be targeted to people genuinely interested in understanding the financial mistakes and successes of people from diverse career backgrounds, education-levels, and geographies. Educating an audience in this case is achieved through thorough profiling of the interviewee without exclusion or glossing of key details. I think now, these videos are focused on the histrionics of high salaries of (mostly) California residents. Entertaining, yes. Inspiring, sometimes. Educational, no.
yeah , this video was def going for the wow factor & i know ol' girl gotta be lying about that monthly budget
Reading some of these comments and people wonder why they never do better in life. You have the ability to change any situation as Lauren did, if you put your mind to it. Many probably fail to see she was reading and spends time creating and not watching tv and absorbed with social media. Do better and you can have better.
a centralized currency defeats the purpose of cryptocurrency
I loved this!! She was smart, beautiful & humble. A great trifecta
Rofl at 3:20 says she spends $165/month on food in LA($5.50/day) and $43/month on utilities. Should we believe anything in this video?
i promise you i had to rewind the video three times because i knew i had to be missing something or misunderstanding .. i live in L.A. & there ain't no fcking way.. not even in an abandoned drug house in Compton
But the whole point of crypto is to be decentralized if its centralized might as well keep using the dollar