Millionaire Reacts: How This NYC Senior Consultant Spends Her $110K Salary | Glamour
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- Опубликовано: 13 сен 2024
- Today we’re reviewing Glamour: How This NYC Senior Consultant Spends Her $110K Salary | Honest Accounts | Glamour. Here are my thoughts while I review her finances, spending habits, and investments. Enjoy! Add me on Instagram: GPStephan
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If Graham ever has kids he's going to be the "we have food at home" parent for sure
"Daddy I'm thirsty can you buy me a bottle of water"
"Buddy we have water at home we can put that 99 cents in a Roth IRA"
Hahah. This reminds me so much of my dad. "The money we're spending for that X, can buy us a whole sack of rice." Yes, we're Asian.
Nobody really knows anything about this Graham guy. How does anyone even know he is a millionaire? If he is such a successful guy why is he sitting here posting RUclips videos only having 100k subscribers? Sure seems like a lot of effort. It is so easy to sit there and criticize poor people that are below poverty level. How dare this poor person buy a gift for their friend? Why didn’t they put it in their IRA? Lol
@@MsPieO Go check his original first channel. This is the second one. Your opinion is gonna change a lot.
HA! My kids ask for ice cream when we go out and we always reply that we have ice cream at home 😂
My dad was very much like that! :-D
But no really, he was awesome. I miss him :(
Thumbs up if you think Graham should go on Millennial Money show
I think I should go on the show at the end of this year I got a good feeling about it.
We should start a petition lmao
Yes!
Yes!!!!!
I think they should do a follow up series where we get to see where they are now, and Graham can be brought in as part of the series to help with budgeting etc
Graham is STILL not over the $71 cupcakes hahaha
Edit: 1.2k likes??? I've never gotten this many! Glad to know everyones on the same page here lol
Is anyone really?
I am. Shes super young and still learning. Its frustrating when your at her level at 31
How the fuck do you spend 71 dollars on cupcakes IN ONE MONTH🤔🤔🤔
@@Dance1617 I think she actually did ALL AT ONCE. Like - in a DAY...
@@franzessie9697 Yup, in one day.
Remember, everyone has a luxury they are willing to spend more on than an average person. Everyone. Including Graham. You can get a Planet Fitness membership for $10/month, not to mention working out at home for free and running outside, but he spends $200/month (overpaying 2000%) because he feels he can justify it. Everyone has something they are willing to spend 2x, 5x, even 10x more than a financially intelligent person would, even financially intelligent people. It's about having the self control to only spend on luxuries you can handle; not about cutting out all luxuries all together.
Casual Credit Gaming yes so true! I have my Kangen machine $4200 investment in college, worth every penny time 10!
Now it’s paid off! ❤️
So true, I know someone whose very thrifty about EVERYTHING but is willing to spend $100 on high-end perfumes
200 snackers must be one hell of a gym. Does it include swedish massages after every workout? Designer shampoo in the showers?
You cannot buy a planet fitness membership simply because planet fitness is doggy doodoo. Its like asking for a burrito at chipotle and getting just the tortilla
Graham: This woman just went on this how to humble brag
Also Graham: MiLlIoNaIrE ReAcTs
Exactly!!! Lol millionaire reacts... not-so-humble brag. Plus, show me someone who pays $60/ month in utilities? Maybe if you live with 8 roommates in a one bedroom apartment. That lady is full of it...
MsPieO I think it might be because she mentioned in the video that she travels a lot for work so she is probably not in her apartment to actually use a lot of utilities
MsPieO he isn’t bragging, he is giving the opinion of someone who has made and is still making a successful living.
@@MsPieO aren't utilities like electricity and WiFi and stuff?
Red Unicorn yep, exactly, power/ gas, phone, sewer, garbage. I would add internet and cable in that category as well.
You should react to extreme cheapskates
I would love this! Hope this gets more likes!
I hope he sees this comment and makes this happen !!
Yes
i Iz awesome he’s a cheapskate himself so it would just be a video to get ideas😂
His reaction would be hilarious!
Thumbs up if you think graham should show us how to get a $5.00 crop top.
I'd pay to watch that!
forever 21 :)
Goodwill 😂
a video of graham going to every store in the mall to find the best crop top for the price. I’ll turn on my notifications if he promises that
$1 T-shirt bin at goodwill + scissors.
Family spends $200 per ticket to fly in to see Graham
Graham: "Hey lets watch frozen on my T.V. it's the EXACT same as the Broadway show. My treat!"
He’d probably be offended they spent actual money on plane tickets
*Graham spends 30 seconds explaining that he doesn’t wear crop tops* me: methinks thou dost protest too much
🤣
Millennial: *Buys $620 frozen tickets*
Graham: _Suprised (slightly aggressive) pikachu face_
Robin K lol
Dude, surprised (slightly aggressive) Pikachu face got me!!😂😂😂
Would be hilarious if Graham did a reaction video to how some of today's rappers spend their money 😂
Do you want Graham to have a stroke? Because that’s how you give Graham a stroke.
Petition 👀
omg that's it!! better make the videos now before he steals the idea
@@NickOloteo yeah I actually might do that 😂
This would be great content!
React to “How This Career Advisor Spends Her $43k Salary” you’ll love it hahaha
Going to see a Broadway show is not the same experience as watching it on tv! It's not like she's always doing this. Plus! She's right! Her family spent money getting there and paid for other entertainment. The least she can do is NOT be like "oh...let's just hang in my house/apartment and watch tv together" 🙄
It’s much better on the tv.
Ryan Newman this why guys in relationships get ruined 😂
I 100% agree! Graham takes it too far sometimes. I hope he wasn’t serious
I agree she should have entertained them. But $600+? What kind of entitled family member would expect that kind of expense in return for visiting?
I think he’s just nitpicking and he knows it
I will say the clothing prices of Lululemon are outrageous. But fast fashion is also a horrible industry. Have we become so used to supporting sweat shops that we're unwilling to pay the price for what responsibly made clothing should be?
Yep. People are more worried about their own wallets than those industries. And to be fair, some people dont make enough to pay the prices for ethical clothes.
@@jadiecakes3241 true but I would argue that most do. People are obsessed these days with buying buying buying but really all you need is a few nice pieces. We're in a culture of consumers and getting five of each color has become so normalized. Luckily for those who can't afford to buy ethically you can go thrift shopping.
I will never justify spending $50 on a t shirt, no matter how ethical it is
Lululemon isn't ethically made LOL. They fooled you with the price tag. Yes, it's high quality and lasts a long time, but is in no way ethically made.
@@rsloveeeee I agree with you, but i also know people who do thrift and for them a cheap NEW top is a great thing (and ethics would never enter into it). I don't think it should just be on consumers, but industries too, to help make a change. A law perhaps, were stores need to display their ethical rating for example, would be a great small step for everyone. people could more easily make a more informed choice, and stores can see how that changes what people buy.
"I'm not like the other girls. I like watching millennial money and honest accounts." - Graham
*Some people would be more effective just putting their money in the oven and setting to 350*
lol 😁
You should read Fahrenheit 451
Me
Daniel Iles - Small Business Set I to 420°
That would just warm up your pocket after you remove the money from the oven.
That 20 cent coffee so close to a laptop is making me nervous. 😬
My dream is to end up in one of the videos Graham reviews so that I can spend 5 minutes talking about how I save money with my 20 cent iced coffee.
Make it happen! :)
110k salary and netting 4.2k/month doesn’t sound right, unless she didn’t include the 401k contribution and health insurance that gets deducted from her pay
Edit: also assuming she started working at 22, how did she save 110k saving in 4 years? Her first salary was probably lower too
Eric Lee You are correct. I make the exact same amount and my take home is $5,500 a month and that’s after taxes/insurance and 15% 401K contribution which is very near the maximum allowed. She must make about $75K and get some insane $35k annual bonus.
@@mylesgray3470 if she's maxing her 401k, that takes her down to ~90k taxable. Subtract her 5500 a year in Roth IRA contributions, then a little extra in ny state and NYC tax and 4200$ monthly is right in line for 110k
consultants make about 70s first two years then senior consultant jumps up to 100+, so shes about 90 average. i'm also 26 and that amount sounds feasible in a non-major city at least.. 3 factors
1) her cheap nyc apt of 2 or more roommates $1500 each
2) reducing/eliminating bonus tax by maxing her fat consulting bonus into her 401k
3) good 401k match and boom in stock markets since 2016
not to mention she has crazy mileage/points for travel and hotel, and probably eats on the company's dime most of the week. Consulting for ya
I struggle with this, too. Assuming she's been working 4 years, she's averaging about $10k/yr (including company match) in the 401k and $4.5k/yr in the Roth IRA based on the current balances and growth over the last 4 years. So a max out assumption to get her down to $4.2k/mo doesn't seem accurate.
Eric Lee I assumed it was 110k before taxes? Taxes in NYC are as high as in european countries
That woman is lulu lemons exact ideal customer. The CEO talked about it in a video.
What I learned from this video: graham wears crop tops secretly
Just wait til next video when you will learn that when he wears the crop top, he completes the ensemble with a matching pair of sweatpants with the word "JUICY" emblazoned across the back of them. :-P
@@minmaxmedia OOF
@@minmaxmedia what does this say, I tried to read it but I blacked out -
You NEED TO WATCH “TIL DEBT DO US PART”
NEED.
Almary omg I’ve gotten into it too! I think it’s part of the RUclips algorithm. It’s amazing
OMG SAME! I’ve been binging for the past week 😂😂 I love it tho, Algorithm was in my side
She would not have been reimbursed with the chase sapphire reserve. Her flight was only delayed 5 hours. Needs to be 6 hours fro reimbursement just saying. Great card though
Good to know, thanks.
GOTEM!
She may have had a priority pass lounge tho. Denver airport used to have a $27 credit at a restaurant but they took that away last time I was there :(
This is how many people who want Grahm to be on Millennial Money.
⬇️
I swear that'd be so funny
Why?
I think the point of these video's is great. Its not to point and say how stupid these people are but rather to take real world examples and highlight where improvements can be made.
I would assume the average viewer of this channel is doing better than most when it comes to financial management but I am sure that plenty of people watching still make many of these same mistakes.
Can you make a video on mutual funds pls?
React to: TLC Extreme cheapskates
This!
Yes! Agreed! I’ve been saying this the past few videos lol
Dude he needs to BE on that show.
Crusader He’s honestly not that cheap if you look at his budget on the other channel
Armadillo I know I was just kidding
I don't mind watching videos where the individuals are financially literate; I enjoy them.
> has $2k spending money
> spends $2.4k during that month
Graham “I see nothing wrong”
She probably had extra from the previous month and splurged this month
It’s probably the frozen tickets that put her over but next month she can just spend less
8:24 that moment when Graham remembers that one time he wore a crop top but refuses to admit it lol
CreatureSuitSelfie omg 😂😂
alright graham you spend 200$ a month on a gym membership
snowmanmike even though it’s $200 that gym is definitely worth it if you have the enough funds for it.
S the service, the people, business relationships and friendships you could potentially form at a $200 gym are definitely worth it in comparison to a cheap gym
His time is worth $300/hour. Saving the commute to the gym is by far worth it.
Alex Adenuga if someone talked to me at the gym I would be downright annoyed. The gym is not a social network
Millennial: Buys coffee over 0.20
Graham: THAT'S SO EXPENSIVE
I always look forward to Graham’s blood pressure rise from videos like this. Lmao
“You can just watch Frozen online” 😂😂
I’m sure he does realize it’s a musical on Broadway lol not the movie
Graham: I've never worn a crop top.
me: *waits for photoshopped pics of Graham in a crop top to start rolling in on the Internet*
Millennial money, honest accounts, Glamour. The three holy things.
I couldn't agree more with what she said about people talking about finances. My dad made over 100k every year but never explained much about it when I asked him. It was considered impolite to talk about money matters, for my family and definitely so for other people! I didn't start learning more until MUCH later (and several financial mistakes later) and my co workers started bringing up ways to save money and how they managed their accounts. We actually started taking financial advice from one another, sharing coupons and spreading the word on sales. It was at first like we were all ashamed about past mistakes that were made but we wanted to learn more and do better for ourselves. I've learned some great tips and tricks and saved a LOT just by listening to their advice, AND watching Graham. Thanks for your channel!! Don't stop making videos please and keep up with the 20 cent coffee!
My guilty pleasure show is The Graham Stephan Show
I hate the ads, BUT, I stay on them for an excruciating 8 seconds only for your channel Graham. With respect to the recent videos having people with good financial focus and standing, I like them. I like the balance, I think the bad ones will show people what not to do, and the good ones are motivation, to follow in their footsteps to some extent.
Where’s the link to the Chase Reserve Graham?!?! You said it would be in the description! Graham I got my hopes up and now I’m sad 😉😘
You have to apply for the reserve
$110K salary as a Senior Consultant at her age is pretty standard. This is what consulting companies pay. Starting salary for an analyst right out of college (22 yrs old) is between $75-85k depending on where you live. After that, promotions happen almost every year with a $5-10K salary increase. This doesn't account for bonuses you get twice a year usually. She's doing great so not to belittle that I'm just saying if you are in consulting, similar to investment banking, you get paid a lot for your time. Usually this comes at the price of no work life balance, never being home and enough stress for you to want to retire after two years lol
React to: "100 People Tell Us How Much Debt They Have | Keep It 100 | Cut"
Kathrine Ann Graham would probably have a heart attack on this one
If your dream is making personal finance more mainstream, I'd say you're doing a great job. I watch your videos (or listen to them on my way to work) every day. It's got me excited about being responsible with my money! Thanks for the tips and tricks Graham!
The Sapphire Card wouldn't have helped. The terms say 6 hour delay or more. She was only at 5.
ngl, this is probably the best all around channel, humorous, full of useful advice, and has made me expand my thinking of what I want to do with my life
if she saves $500 a month, how on earth did she get to save $100k in 4 years.
Tina Chen she said that she transfers money to savings/investments every time her checking goes over 10k.
Compound growth.
I like your videos because you don’t use super loud music in the background or every time a video ends or starts. Good job!
Lululemon has a lifetime warranty Graham. Literally I’ve returned leggings that were 10 years old!!!!! And got a gift card for $98!
I just learned something very very powerful just from you ranting. Something I need to do with my own youtube videos, THX!
I love how Graham is honest about wanting them to be bad 😂
You're rant is the reason why I watch you, learn and execute. Youre honest and tell us HOW much you make off of people visiting your channel.
"This is why I do this even though Im already worth millions. This is how I do it and the reason for how its executed."
Even when I see your click-bait Im happy to click!
As soon as I see an ad from all these financial guys interrupting your video and say "they want to help me"...Im out! I think you appeal to the smarter than average individual. Lamborghini doesnt advertise. Thank You for sharing the knowledge Graham.
1:11 something about seeing "millionaire reacts" that just send "tingles" through my body too
My clickbait was "financial minimalist" ... I've been binge-watching since Tuesday, liked this (and more) video, subscribed, and hit the notification bell.
Graham Stephan, the finance equivalent of Gordon Ramsey.
I love when he says the whole video title. I get a kick out of it 😂🥰
She was doing so well until the $10 pressed juice order...
What a shame
What could've been
mindofigor right???
Thing is it was a *juice press* Appliance.. from JCPenney.... that's hella cheap, she's making 20c pressed juice at home.
It’s not always about tallying everything up & making sure an experience is personally considered worth the money. Sometimes it’s about being content with giving friends & family an experience they really want. Balance & compromise can go a long way in building strong lasting connections with the people we love. 💯🙌
I'm sure her dad loved seeing Frozen. 😅
Hmm...well, she kinda just said, “family”...so that may or may not include her father 🤷🏻♀️. If it did though, he’d be an awesome dad for watching Frozen with his daughter. 💯🙌
Watch/react to "Droppin' Cash: Los Angeles" on Netflix!
the episodes are about 20minutes and each episode has different celebrities where the camera is following them around on their typical day (spending) or on a more special day like buying a car or picking up a big order.
Please, I think it'd be great (a.k.a. you would be vastly, vastly frustrated :))
ye
Damn I didn’t know that existed! Thank you!
@@emilyheyboer1931 it's a great show!
7:56 The reason Lulu Lemon is so expensive is because it’s supposed to be ethically made and from Canada, so that’s how they justify the price
Graham you need to react to BET's "Blew a Bag" series on RUclips!! It would be glorious lmao.
Jetisonne yes please!
He would have a heart attack
I am thoroughly impressed with how many videos you are able to make and how fantastic the quality is!
It’s outrageous
React to " Till Debt Do Us Part" episodes on RUclips
I love this show. I feel like your frugality is rubbing off on me.
Yesss
I don't even watch the regular videos anymore I only watch your reactions to them
as a kid- saturday morning cartoons
as an adult- saturday morning Graham
does life get any better folks
yes -- life does get better:
As a retired adult (preferably a Financially Independent Retired Early one) - every day morning Graham
Alecium well me too but that's only bc my part time job schedules me as such which makes my mornings free
If this channel gets big enough graham could start asking people in the audience to do millenial money breakdown of their budgets. Or he could literally just get people off the street
I like that everytime I watch one of Graham's videos, I learn something new. Even if it's just 1 thing. It goes a long way.
8:25 Graham thinking about that one time he wore a crop-top.
I don't mind when they're not doing anything bad with their money and I don't see an outrageous reaction. It's nice to see you say "Yeah, man! Way to go, you're doing EXACTLY what you need to be doing!"
Either way, you're affirming what good habits people can me making with their money. I honestly find value in both kinds of reactions.
This person seemed to be well balanced which was neat to see. She saved a lot and invested a lot, but allowed herself to occasionally indulge in a few purchases.
I finally found out who he reminds me off..
He is like the rich version of Cody Ko😂😂
Seriously, they kinda look alike and have the same speech pattern and joke sequence.
Jisoogirlie :3 you’re so right!! The intonations!
These videos start off with Graham complaining that there aren't any issues or problems. Low key has a break down on how this video is a fail. Then gets super super excited by seeing a single mistake like Frozen Tickets. I love this 😂😂😂
I love saving $5 at Costco on $20 frozen Stir Fry
.... feels just as good as saving 25% on a Realestate deal. Try it if you don’t believe me
I really like how you put a realistic touch on becoming a millionaire. It's inspired me to give it a shot myself. I just bought a duplex and I'm going to house hack. Thanks for the inspiration Graham.
How does she have 100k in savings if she's saved 6k/year for
Well, her monthly budget is 4.2k, or 50.4k a year. Even when accounting for taxes, that number should be closer to 6k, so I imagine she's putting away nearly 2k into her 401k every month and maxing it out every year.
@@littlelyndseylou In the same part where she says her budget is 4.2k she says she puts $500 into savings/investments each month. That's 6k/year
The disappointment on your face as everything is great 🤣
I smashed the like button before watching the video😎
Damn this channel is blowing up. Congrats man
you should start inviting guests on your show !
"You can watch Frozen online." Nope. Not if you want the full theater experience. It is a very different thing to be there in person than to watch it on a screen. When talking movies were invented all the smart money bet on the death of Broadway. Later, when TV penetrated the market, more doom and gloom for live performances. So far, Broadway has changed (and the vaudeville circuit has died) but people still flock to live performances, because it's a completely different experience. Just as attending a live concert is a very different experience than listening to a recording of the song over the radio. Live theater is with us forever.
As a 14 going on 15 year old that clickbait thing is accurate lmao
I love when people do well in the videos. It makes me happy for them and they are a great financial role model example.
Graham needs to be the host of millennial money
Dude! You’re awesome! Keep the videos coming! Love watching your reactions! 😂
She stayed flexin on us 😂 Graham you gotta stop making these CNBC VIDEOS, so they can find bad people again
Graham’s channels are the best
upcoming video: Graham wears cheap crop tops to exercise
This channel is growing quickly! Congrats Graham!
4.2k a month is not 110k annual salary. Even if you figure pre-tax, still not $110k.
Yh it is if you max out its and Roth. 110k probably 40 k for state and local taxes. If she maxes out Roth that's 19.5 k and her income 51k so that's about 110k
Don’t worry Graham, we enjoy seeing you get angry at not being able to get angry on these budget videos just as much :)
Everyone just send your bank statements to Graham for him to review.
On the contrary Graham, I personally would prefer you highlighting correct behavior as opposed to exposing people's less than perfect financial habits. I want to learn and grow, not just laugh ;) And, in my behavior, your audience is here because we value your opinion; Not only because you're funny. Keep it up man, I enjoyed this video.
110k a year and a monthly budget of 4200 dollars. Where the heck does the rest go??
401k I’m guessing.
Not your worst video.. good post, Graham!
I saw the thumbnail and was ready to fight you on the Frozen tickets mainly because I work on Broadway and that's pretty normal prices. But you didn't get as upset as I thought and I was a little disappointed haha.
As consultants fly on a weekly basis for work, her flight was most likely paid by her company so the Sapphire card perks wouldn’t apply to her.
Graham pushing the credit card makes my Dave Ramsey fangirl ears hurt.
Lulu lemon clothing all has a lifetime warranty, if you tear it they’ll replace it or if it gets messed up they will grab that shirt off the rack and give you a new one. It’s honestly a good investment I’ve had one pair of shorts replaced 4 times in the past 5 years
How is she a SENIOR consultant at age 26 (probably a big4 giving her a higher position so they can charge more for her)
And how is she a senior conslutant and only earns 110000$ annualy (this also smells like big4)
I love these Glamour videos! And the Graham remix is even better!
Graham I really like you and you’ve taught me a lot about money but sometimes I feel like you’ve really gotta loosen up lol...my philosophy with money is as long as your saving some and paying your bills and making sure you’re gonna be ok in the future making some dumb purchases along the way is fine. Clearly I’m not gonna be a millionaire like you anytime soon but life isn’t always all about saving. Go get a massage or something it’ll be worth it bc I feel like ur blood pressure is just way too high 😂.
Graham, not to mention with the Chase Sapphire Reserve she would have priority pass lounge access which would mean she could go to a lounge and not have to pay for the food. Instead, she can get all the drinks and food for free.