@RyanSerhant
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- Опубликовано: 26 авг 2024
- “Million Dollar Listing NY” star @RyanSerhant takes a look at how real estate investor and health insurance consultant Todd Baldwin handles his money. The 27-year-old brings in $615,000 a year between his day job and his real estate portfolio. He owns 6 rental properties with his wife Angela that net $12,500 per month.
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@Ryan Serhant Reacts: Living on $615K A Year In Seattle | Millennial Money
Set a reminder for the premiere on August 13 at 12p ET and subscribe to CNBC Make It, Ryan Serhant, and Million Dollar Listing New York.
Thanks for having me! ❤️❤️❤️
@Ryan Serhant thanks for stopping by! If we sell 30 Rock we'll consider you for the listing.
Let start by saying Ryan is fione 🥰😍
Ryan says he lives "Cheaply". What a cheap shot! Wishes he could organise his life like that. Ryan is a slave to the dollar.
Todd, as a 50 year old who has survived through 3 recession cycles, you are doing the RIGHT thing! Don't EVER listen to anyone who tells you to SPEND money! Sock away the money and life the lifestyle YOU and your wife want. Hard times will inevitably come and you will have your cushion and freedom. You are an inspiration even to a guy who has made and lost and now made millions, but it came at a price to my family and marriage. All the money in the world is not worth that instability and pain to my wife and family. Money is NOT everything but financial security IS for a family. You are killing it Todd.
Finally someone who is doing this review who believes in spending some of your hard-earned money. I love Ryan Serhant!!! It’s about balance. Save as much as possible but be willing to spend sometimes on important experiences.
Also, one very important aspect: that guy grew up being poor himself so he needs to realize, that if he spends some of his money he let others less lucky earn them..
I died when he said, "Is that your only jacket, bro?"
Ryan. There is only one person that is more frugal than Todd. And you've met him. I present to you: Graham Stephan
I heard his monthly food spend is -$30
@@ath6635 geez, it went up from last time
Lol get off his fdik
I am more frugal than him. Just havnt shared my story yet.
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There's no way this guy only spends $25 a month on food
I know I was thinking that too. Maybe his wife buys all of their food for them and that’s why he only spends $25.
If you watch the original video, he goes on some sort of shopping firm to pose at their establishment as a regular costumer, buy the product or service (food) then report on it on an online platform then he get reimbursement for what he ate. and that how he eat for free
He gets a lot of free food by secret shopping.
He’s secret shopping, but that must also means there’s no groceries, and they don’t need a fridge, pots or pans🤔
That's like 3 boxes of cereal in NYC.. And some milk.
This is the funniest reaction video lol "Is that your only jacket, bro?"
guy was wearing a different jacket 1 second after Ryan said that.
Ryan’s face and response to them sharing a 2009 Ford Focus!!!😂😂😂 I AGREE Ryan!
Graham should react to this! Graham reacting to Ryan reacting to this guy.
We'll see ;)
@@GrahamStephan Pls Do!
Graham Stephan Hi Graham... miss you ❤️
@@GrahamStephan wow you respond so quickly to the comments. Good job and can't wait for your next video.
Lol stop riding him
7:40 you see, there comes the line between frugality and cheapness. What's the point of saving all that up if you can't spend it a little. Live a little!! There's no guarantee that you'll even live till next morning. Saving and budgeting are crucial parts of the pathway to financial freedom. However, if you refuse to indulge in the basic pleasures of life then what's the point?? You'll be sitting there 75 years old with tens and maybe even hundreds of millions of dollars but you can't walk properly anymore, your teeth don't chew food as well as they once did, all of that money would go to your kids if you had any.
I understand that the cheap part is a bit too much. I know it is for me. But u talk like hes 55 and doing this forever. Hes not even 30. Plenty of life ahead
Gabriela Ariza it’s a lifestyle, though. They’re not going to suddenly flip a switch and start enjoying their money. Plus, he may only be 27, but tomorrow is not promised.
rakakalala he finds joy in doing it. Successful people become rich because they love what they do. You are assuming way to much. If he was miserable doing this, I doubt he would have come this far. People without passion stay broke. If you understood how he works with the credit cards, which I do it’s fascinating. I literally have gotten $760 tires for $150 with credit cards with 6 months zero interest to pay that little amount off. I see a little of him in me, it’s fun learning about life hacks. You can always pull off the rich persona without spending like one if you know how to get expensive goods for cheap with loop holes.
Juvibro99 I didn’t assume anything, I know people like him. And I definitely did not say he was miserable. It’s definitely a lifestyle, which you seem to confirm with your own comment...
@@rakakalala I meant to tag the OG post not you.
Graham Stephen should get some sort of residual
I don't mind getting paid in coffee
Graham Stephan or avocado toast! 🤣
@@GrahamStephan They should pay you out in starbucks giftcards, just so you can get yourself a 'free' coffee while quietly calculating the opportunity costs in the back of your head every time you go
But he didn’t say wait for it
@@GrahamStephan But dear God, don't let the coffee cost more than .2 cents
I feel like this guy finds joy in challenging himself to spend less money
can we get this guy's $25 food breakdown lol
probably 1$ pizza for 25 days. Dude We also should fast a day a week 😂
Ryan Serhant should do more reactions on Millenial Money
Once you reach that point where you’re making 50k a month, you can atleast keep 10% for expenses. Why be so frugal? You only live once!!
Maybe being frugal is what makes him happy
Lots of folks Get off on saving a dollar.
he lives in seattle not new york lol ofc hes frugal
That is how many millenials goes broke. Because the moment they think they can afford something, they bought it and never anticipate the cost of commitments. Especially when something happens.
I agree I know it’s good to save some. But if you budget good there’s nothing wrong with spoiling yourself.
Yes life is short.... Sometimes we need to enjoy it too
You need to enjoy it all the time.
I agree, im all for investing but bro, enjoy a little
For some people, investing is much more fun than spending money.
@@mattthebeast9666 agreed much of what we call enjoyment is based on what other people think of us and materialism.
There is a great joy that comes from building something you know generations after will be able to enjoy.
Lol “he’s wearing the same jean jacket this entire video” hahaha
Finally a reaction I can relate to 😂I'm also a business owner and understand saving and make sure my bills are no more than 20% of my monthly income but you can't just spend none of it. You need to enjoy yourself a little and gets things that bring you joy. 2009 shared ford is not the one. At that point you're just collecting money for the sake of it.
bruh I love what Ryan said, yes be frugal and save but dont forget to live. Get that nice car if you want it and can afford it, life is short. Its about balance
I personally see nothing wrong with him driving a 2009 Ford Focus. But I do agree with Ryan you do need to live a little. Not necessarily own a Lamborghini, but he makes enough to get himself a Mercedes, Lexus etc. He and his wife doesn't have to share a car. He could pay cash for a $10k or below Camry/Accord and both could share the Mercedes. And if he needed to look at properties or see his tenants in his Focus. My grandfather used to do when I was a kid. He was a landlord, he'd pick up the rent in his '78 Oldsmobile Delta 88 and drive in his new '86 Cadillac Coupe Deville when he didn't have to see his tenants😆
I agree im all for saving but if you have the cash, pay for a car and use it my friend
I’m sorry but everyone makes real estate income look easy BUT it has a lot of cons. Time and money. Finding the “right” tenant and ensuring they don’t destroy your property. If they did, lots of legal fees and annoyances. Most of the time, you’ll have to update items in your property after tenants leave. I don’t think it’s as lucrative as some make it to be!
In part I agree from my experience. Before being a landlord I was like I want 20 properties. Now I just want 2 rentals max. Its too much hassle and for me I don’t enjoy it as much as I enjoy my career. And im saying this having amazing past tenants. But there is just so much to it.
Oh my gosh!!! I hope this is a regular thing! Ryan killed it!
The commentary! "With your $12 dollar wedding ring" lol hilarious lol
Ryan said that he's never met someone with the same ability to save money as todd which is strange SINCE HE MET GRAHAM AND DID A VIDEO WITH HIM!
Trueeee
@@RyanSerhant @Rounak Anand Although even graham had a lotus, and is currently constructing a home. Also Equinox gym he picks a few things important to him to spend money on, I think thats more what ryan was talking about
I love the honesty from Ryan. The cost of time should be a huge factor for everyone to consider.
$25 a month on food??? Make it make sense.
Reimbursement
@@VashtiPerry elaborate you fk
@@johnlee2238 he and his wife are secrete shoppers so he goes tona restaurant buys and eat food and then leaves a review of that restaurant. After that they get reimbursed.
@@KaylaMarie_ how
@@johnlee2238 it's a side hustle. There are companies who will pay you to shop somewhere or eat somewhere for the purpose of reviewing the service or food.
And here I am making -$60,000 a year in med school 😂
It'll pay off one day bro
@@ryanjohnson5882 Yeah, when he's 50.
You'll be on the other side soon my friend
@@animerocks2468 31. And by 35 he'll make north of 400k
@@animerocks2468 actually 500k
He’ll never buy that Tesla Roadster. Someone this frugal will have a heart attack before paying that much for a car.
If it depreciates a bunch then yes, but being frugal and buying items that hold value alright is not a big deal
I’m frugal but sports cars make a lot of sense to own if you like them.
The Seattle guy might be making 9% or 40% commission, but the sales are only a few hundred bucks. Whereas Ryan is making 2-3% commission on multi-million dollar NYC apartments/townhouses. Big difference in the take home income. Ryan is obviously making more money.
Ryan owns a huge real estate firm Lmaoo obviously he makes more than a side hustle real estate investor
Ryan is really likeable and sympathetic
Millenial money?! That's a rich mans cash cheque ! I really wish I had that.
Ryan's V neck tee has seen better days lol
*Graham Stephen should just buy this channel lol* 👍👍
Ryan is hilarious! Is that your only jacket bro! LMAO, I'm Dead. LOL. This was inspiring.
That cracked me up
I love Ryan for these reaction videos! Have him on more often!
The marriage part was hilarious.
Welp, I've watched Ryan grow up on TV. And now he has those beautiful grays!
He grayed early
His success is his wife who is so undemanding. But I can't understand how he makes 12,500 a month selling insurance? That is more than someone who is employed mid level at major tech. Is he getting part of those monthly fees people are paying?
He said he's getting 40% commission fees somehow.
littlebrit yea he gets 40% of the premiums paid by the customer for the first year, which is bonkers btw.
ruclips.net/video/pDNO1zYxNMs/видео.html
Exactly
Ryan's face when he saw them share that Ford Focus lol!!!!
Is it just me or is Ryan lowkey roasting him?😂
“Good job not too too crazy”
Me:okay I can do this
“Making around 6 figures a year”
Me:😮
Join carpenters/plumbers/hvac union, finish 4 yr apprenticeship and during it study avenues of investing, finance management, economics on your own/under the knowledge of experienced people. Maybe get an MBA, an online project management degree. Live frugally during this time and build your credit using it for necessities and paying it off on time... Then with money you've saved put money down on a property to get you started, atleast 25%. To cut cost(s) and improve the property purchase a fixer upper after getting it inspected. Use your skills to also cut costs and subcontract work to trusted professionals for what you dont know. Rent/sell and overtime just repeat and live as you did in the beginning. All profits reinvested. Like Ryan said dont be like this guy and go from taking off the top 9% to 40% of your clients payment which they think is going towards the service while in reality you're ripping people off.
"nothing too crazy, making 6 figures"
ha
you funny
9% to 40% wow this real estate agent is impressed!!! Ryan made some good points!! The wedding ring would have to be an investment for me!!
ok but 2% off some verrryyyy expensive houses
Dude must have his own garden with that grocery bill
ramen noodles all day i guess lol
Me and my wife gonna be on one of these videos. Give it 3 more years
*whispers* “is that your only jacket, bro?”
😭😭😭
I spend about grand a month on groceries for three people in my house - what are they buying for $25 that sustains them for a month??? Something is not right here. This would be near impossible in Toronto. These numbers cant be completely accurate.
Ryan heard about those insurance commissions and went from feeling jealous to injustice 😭
Hahah, "is that your only jacket?"
Hard to say you live on such a large amount of money, when you also have huge expenses. A bit misleading on the approach!
What, the mortgage? I believe they are just including the loan pay down which I think is fair to include.
Imagine churning credit cards for $200 when you have a net worth of 4.5 million
I'm with you. I used to do secret shopping but now that I make over six figures, I really don't have the time for the secret shopping lol for a free meal.
i love Ryan's reactions and responses lol!!
yesssss i love ryan serhant!!!! hes such a role model, and has a great mindset to be successful but also enjoy it!!
Wow I want to see Ryan Serhant react to Graham Stephan hahaha
2-3% commission on homes that are going for millions of dollars isn’t the same as selling insurance
Ryan roasting the dude 😂😂😂
They definitely got Ryan to react to this in order to Stop Graham getting in on this vid
following what works i guess lol
Ryan you made the best points in this video.
Graham you need to react to this!
There is no way he spends $25 a month on food.
I call BS
Just commenting to see if Graham will be nice enough to reply to my comment or not
Graham! When are you coming to NYC!?
I wish there was a love button! ❤
The love button is now the yellow circle with my face. 😉 ❤️
I love this guy I’ll have to check out the show I agree with everything he said What’s the point in scrounging every penny your whole life if you can’t live a little?
Dude is trynna lead a Legacy of living frugally
The insurance commission is not as Ryan says it is. This guys probably works in an insurance brokerage, not a carrier. And brokerage firms make between 10-15 percent commission of the premium. Of that 10-15% this guys gets 40%. So that’s 4-7% commission of the total premium.
Why has Graham Stephan not reacted to this!?
Now, I only want Ryan to do these videos, only Ryan from now on.
At least you have to spend money to buy "healthy food" , I mean health is a priority, I m frugal too but this is something else!! I have BIG wedding plans lol
Oh, man, here comes @Graham Stephan with the react to the reaction lol
Hey Todd I heard you on BiggerPockets!! Way to go!
Absolutely perfect comments. Smart guy.
I just wanna see Graham do a review, Thats life
Stop riding him lol
Ryan is hilarious 💀
Just smiling the whole video, this guy is so cool!
dang! way to go TODD!!! I wonder if anyone will react to Millennial Mortgage one day LOL
Lol, those rubber wedding bands made for men working trades where a steel ring costs em a finger if they get hung up, good to see the skint are using it too lol
7:53 Is that your only jacket, bro? 😂
i think dude isnt telling us something here. i think alot of the reason theyre so committed to punishingly tight-fisted living is because their business model puts them in a highly-leveraged position. so while they have this huge number as their income, thats not all profit like it would be from a job. the vehicles that create that income could have them in a lot of debt and after you factor in the costs that come with renting housing, they may or may not make a profit at all. just a possible theory.
exactly this.
He mentions 50k income a month, but doesn't mention the outgoing bank payments.
This is greatness. Ryan Serhant for the win.
Dude, the credit card is the most aggressive marketed product in the history of the world. They spend hundreds of millions of dollars marketing you a credit card. THEY DO NOT LOSE MONEY. You are not beating up on the credit card industry.
40% commission? so this is why US health insurance sucks
Gross Rent is not Net Income
Ok good TNX brother
50k salary and 9% commission as a cold caller. Man how do I find an easy job like that
Love this vid
This guy started as a insurance agent and saved his money to become a insurance broker which he has many agents working him - commission based job or business pays more than a hourly job if you sell something everybody on earth needs!
Lmao imitation (Graham) is the greatest form of flattery
How frugal is frugal when you’re a thousandnaire or millionaire?
A smart man makes his money work for him or rather investments. There are many investments out there I have tried quite a few of them but stock trading has been the most successful of all. As I have taken my time to advice young, old and investors to try out investing in forex and stock market.
Well, it was frustrating for me when I started too, but I got better with time. Now I make up to $35k on a single investment with a capital of $5k. It's all about hard work and some good research.
@Sarah Scott I don't make that much trading on my own. I trade under the platform of an expert in the forex and stock market by name Alexia Clayton, she has a cooperation where she trades for people who don't have the experience and skills to trade.
@Sarah Scott She has a platform where she creates slots for her clients and trades for them. All you do is invest with her as she handles the trade. After the slot has been created and successfully funded she, she gives the client a passkey to monitor their trade and also learn as she trades for them. But she has a commission of 25%.
You have to be familiar with bitcoin too.
@Sarah Scott
You can consult her through her work mail :
Wow, I trade with Alexia Clayton, she was featured once on this channel.
Am I tripping or should Graham be getting some credit for this video. For example: "thanks to Graham for inspiring the entire style of this reaction video"
I AGREE 100%
A reaction video to Millennial Money AND asking us to smash the like button?!?!?! Sure, Ryan and Graham may be on friendly terms now, but this could turn into an east coast/west coast beef like Tupac and Biggie if Serhant starts posting 20-cent iced coffee videos. 😂
Have my insurance, real estate, and CPA (in progress) license. Now all I need is attorney and i'm good lol
Loved Ryan's analysis!
I’m the most frugal man on the planet, I just don’t want to use all the energy and time to explain why
His 615k income doesn't add up. Is he including rental income which I'm sure he is servicing his mortgages with? Unless he flips properties?
Who live on a $25 a month on food though?
This was a good one💪💪💪inspiring for sure
Ahahahah great commentary Ryan. Honest and really kind observations.
get ryan on millennial money!