She is extraordinarily giving, $670 donations a month (assuming 10% tithe), paying for her sister's college, and helping her parents pay off their house.
I think she is the sweetest person ever. In most of these videos it is about the financial success about one person, here it is about a family working hard together and Kristina showing gratefulness for what they sacrificed for her. If more people were like her family we'd live in a much kinder world.
Here’s the main kicker, I use to live in Northern VA, and the cost of living is no walk in the park. Living off of $85k on your own you’ll still be scraping by. However, the fact that she lives at home rent free making that much definitely gives her and her family so much financial flexibility. More power to that team!
Graham, you must have really nice parents because trust me, living at home has MANY cons if your parents suck and are emotional abusive or manipulative. Sometimes paying for your freedom and mental clarity by living on your own is literally priceless in comparison LOL
My dad used to work on Capitol Hill several years ago and sometimes I would accompany him as we would stay in the suburbs. 100k in Fairfax, Virginia is nothing. It’s like 35k in any normal mid size city. Everyone makes 100k in that area and they still don’t live well on that salary unless they choose an impossible commute each day. You need to make 350k plus to live comfortably in that area.
Thank you! Thats what Im saying. She's comfortable and able to make good decisions because her family is doing what family should do. Hopefully, she will be able to increase her finances so she can be financially secure if she stays in the region. I love that she's smart with the money, I think its being underestimated how smart her decisions are with what income she has. She's actually doing pretty phenomenal.
i think this was the most real, empathetic, and sympathetic ive seen graham, not that i didnt think he wasn't any of those things, this just affirmed that graham did trully start from humble beginnings. thanks for being real man.
One defense for the pre-tax 401k, you do take advantage of the long term capital gains tax on profits made from appreciation of investments. Yes you pay income tax on your contributions when you finally withdraw those initial investments, but if you're retired when you withdraw those funds and are not employed (receiving little to no income in retirement) you very well can pay less income taxes in the future than you would pay now in a higher tax bracket. The appreciation of a $1 pre-tax vs $0.75 (as an example) after tax can be a significant appreciation difference. You can speculate that taxes in general will be higher in the future, but you can also speculate that tax treatments to Roth accounts can very well change in the future as well due to regulations. All things considered, if you think you'll be in a lower tax bracket in retirement, pre-tax contributions (or a mix of pre-tax and after-tax contributions) may work to your advantage in the long-run.
Great content! That's crazy how she got her college half off. That's amazing how she is paying off her sister's student loan and parent's mortgage. Keep it up!!
So basically she had a stable an awesome family. All support each other. This is the biggest difference I've seen for those who have money and don't have money. It's similar to you Graham, and that your first thought of someone living at their house was cool you could pay all your bills and be done with it and there's no cost. But unfortunately there's a lot a lot a lot of people would not the best family life and some not even having a choice with to go back to family or not
This is the comment I was looking for. Especially if you have to be home TO PAY for your family to live. This is what the difference is Especially in the DMV region. I know so many ppl going through just that. Or have to be out of the home because of chaos and live paycheck to paycheck while making an average amount of money because of familial reasons. So they have no choice to have low rent or no rent. While others have to pay their family's whole mortgage.
Love the commentary Graham, but I disagree with you on the 401K. She did the right thing to prioritize 401K over brokerage. 401K has the benefits of tax deduction which is huge. Also, the added benefits of not having to pay tax on realized gains and dividends earned inside the 401K during the investment period are essential to the growth of the portfolio. She can also move to a no-income tax state when she is ready to retire to reduce the tax bill. Just my 2 cents.
Also Roth 401k is better than brokerage account in every way if graham is worried about taxes in the future. And as others said there are ways to take that money out penalty free b4 age 59
@Lorenzo Stewart yeah that is very true. I do have faith in gen z on the fiscal conservatism. Millennials (my generation) are definitely more on the social welfare side
@@jessysoulmanscofield idk why they laughed at this girl living with her parents but life is not as expensive in Europe than the US, so we generally make less but the cost of living is pretty good.
The laughs in European means that many of us live with our parents in adulthood and it is not considered a sign of weakness. This wasn't making fun of her, it was pointing out how judgy Americans are. And sure enough, here you are getting offended and making a competition of everything. Or at least that's how I interpreted this comment
@@issecret1 i was not making fun of her, at all. I'm European too. I was confused why the original comment would make fun of her because in my country it's pretty normal to live with your parents when you're 24.
Graham needs to redo his math on the 401k. You almost always come out ahead with the 401k over the taxable brokerage. Example: 100 bucks of earnings when put into a 401k is 100 bucks in investments. Over 20 years at 7%, that grows to $387, and you pay taxes on it depending on how much you're withdrawing that year. If we take the worst case scenario of you somehow paying taxes at a 40% rate in 20 years (which is highly unlikely unless you're withdrawing a ton of money AND taxes have increased substantially), you would have $232 to spend after taxes. If you put it in a brokerage account, you immediately lose on taxes at your top marginal rate (for Graham it would be 37% federal). So now he only has $63 to invest in the market, which would grow to $244 over 20 years at 7%. Since you're withdrawing a lot, your capital gains would be taxed at 20% (assuming capital gains taxes don't increase with income taxes, which seems unlikely). So you lose $36 to capital gains and you're down to $208 to spend. So even in a terrible tax scenario where income taxes have increased and you're earnings/withdrawals are extremely high, you still save $24 putting that money in a 401k. This doesn't even factor in other benefits like bankruptcy protection that 401ks have. Love your stuff Graham, but you should correct this.
@@dylangreen8018 don't have that option, I'm in the military. But if I did then I would most certainly move as soon as I can. I love the DC region but yeah COL is not cheap like you said.
VA resident here: From the looks of things Kristina graduated from a public university (based on the colors it is JMU) which comes with a lot of perks. Here in VA we get grants and scholarships that basically covers like 40%- 70% of tuition if we attend a public university. (Good merits play a role as well.) So, the $55,000 is more than enough to cover her sister’s tuition IF she decides to stay in-state which by the looks of things she probably will. *FAFSA plays a role as well so if you have kids or are a student fill that out ASAP* **And the schools give out scholarships for the littlest things such as: attending an open house. The point is to really do your research and school won’t be so expensive. Even if you’ve exhausted all your resources you can go to community college and take 1-2 courses here and there so you can chip away at the degree you intend to receive.** ***If you don’t want to go to University that’s fine too. A lot of successful people didn’t go or didn’t finish.*** Love the content btw.
I love when people like her are willing to acknowledge and count their blessings to ensure they pay-it-forward. Meanwhile, you have people who take all of the credit for their "hardwork and success" when they have been given so many opportunities
This was pretty cool. Our son moved back in (FL saving $1300 a month on rent) after he finished a contract in TX for almost 2 years. He started a company and his goal was to move out by 30 (out at 29), he bought a tri-plex for cash and is doing great and just made his $2nd M. Proud dad here :-) but he gets it from his mother lol
11:29 Speaking of own family experience: When your parents get in trouble because of a crisis and they integrate children into showing the costs and trouble and financial things, that is when teenage kids LEARN from that and will therefore have a much more frugal lifestyle and business plan. If my parents were not involving me in the 2000s, showing me earnings, insurances, housing costs, savings, and incalculable costs that happen (broken things), I definitely would not have that stable and good life nowadays. I am always thinking about the time, my parents had it hard and my mom was unlucky for years getting a proper job, etc. It was definitely something I learned that I could never learn at school! I really LOVE how she is supporting her sister financially, giving her social benefits that actually a government should take care of for all students, no matter the life background.
A lot can be said about someone willing to do this much for their family. Living at home to help pay her parents mortgage and pay for her sister College! Mad kudos!
For some reason the cupcake business in DC is something else. There's a cupcake store in Georgetown DC and before covid there would always be people in line WAITING OUTSIDE. usually about 20-30 people to get in into the small cupcake shop for some expensive cupcakes. Every time I drove by it, there would always be a line. LOL.
I was waiting for two days to see this reaction. Fairfax is my home town and I miss driving around the city of Fairfax, but won't ever miss the traffic. My childhood home over there is worth nearly 7x what my parents paid for it, then again interest rates on homes were around well over 10% back then.
As a millennial who is in graduate school and works from home - yes, there are pros and cons to living at home with family. Pros: saving money, helping with home finances, opportunities to try new ventures, and just having the blessing of a "safety net". Cons: A major con of living at home is all dependent on the relationship you have with your family. Many "living at home with parents as an adult" videos do not often speak about this aspect. If you have a great relationship with your family, by all means - stay at home, save money, and also spend this time with them (family is even more important now than ever). If you have a toxic relationship with your family: they are very controlling, no boundaries, trigger traumatic memories, degrading, do not respect you as an adult (but, however, you do your part in being respectful of house rules and helping out), cause you mental, emotional, and/or financial stress because of their actions - MOVE OUT or prepare a strategic plan to move out. When you live with a toxic family, you have "free rent," but you pay *way more* with your peace of mind and sanity. Speaking from experience: do not allow your family's toxicity to set you back. I'm grateful to be able to learn how to be better and do better (that includes learning from Graham, haha). Still, it took some time because I allowed for the post-undergrad depression and family negativity to get to me. I love that Kristina has a great relationship with her family, and I wish more first-generation immigrant families were like this with their adult children. A positive family environment will help adult children by leaps and bounds. If you are reading this, Kristina: May God bless you and your family immensely!
I agree about the community college comment. You can go there for two yrs and then graduate from a university the last two years. This young lady is commendable.👍🏾💕
I’m just two minutes in but it looks like Graham’s reaction video would be more epic. I liked the insights from Kevin & the wife’s video but it somehow sounded preachy and a bit culturally tone-deaf.
I get angry on a daily basis about how expensive higher education is. Pay off extremely high student loan debt, when the cost shouldn't be that high to begin with :(
7:53 Love your mindset Graham. You have a creative/entrepreneurial way of trying to monetize everything. Plus it's positive with no shame in the monetization arts.
When Graham said to not have a work-life balance and just work in your 20s, I choked on my iced coffee after refusing to commit to investment banking because I do not want to live to work..
Good stuff as always. I do have a nitpick though. The 401K advice needs to be unpacked a bit. I would recommend that folks max out, as much as they can, obviously up to the company match, but if you can swing it, all the way to the max. The tax implications is where it needs to be expounded upon. A couple of points in favor of going the 401K route, is that one, you can get in and out of positions without creating a tax event. If you were to put that money into a regular investment account, that would not be the case. Secondly, while you are likely right taxes will go up from today, we need to consider current to retirement income levels. Presumably, while you are working and in your prime earning years, you will be making substantially more income, and thus, your tax rates will be considerably higher than when retired. So even if rates go up, due to the progressive nature of the tax brackets, even if you did withdraw say $50K per year from your 401K, your effective tax rate is going to pretty low, I think for most, much lower than while employed. So in order, it would be 401K up to employer match, Roth IRA, additional pre -tax 401K, then taxable investment account. Now if you need the money for buying a home or saving for your children's college fund, you would have additional savings/investments, but purely for retirement purposes, this would be my recommended order.
I disagree about the 401k. It's good to have tax diversification as we don't know that taxes will be higher in the future. But even if they are higher it can still be good to have the 401k. The deduction right now all comes off at your marginal rate, but the income in the future will be taxed at your effective rate. And by being diversified with Roth and regular investment accounts, you may be able to limit your income from the 401k to be below the minimum income bracket, meaning that money never gets taxed at all.
All I’m trying to get at is to live off of as little money as you can. It is human nature to go spend more when we make more. It’s your own future in your hands and I always explain this on my videos. Save as much as you can and put it towards investments and your future instead of consuming materialistic things that mean nothing
@@twincherry4958 I am! hopefully with the help of my fellow coworkers, a program for immigrants to get higher education/for older immigrants who are still working at 85 because they don’t get retirement money. I am giving back to my community. I grew up poor so I know what it’s like to struggle.
The benefit of the 401k comes from being able to shift your tax burden between your working years and retirement in addition to not having to pay capital gains tax.
Loved this video! Cracked up on these reactions, especially when that coffee popped up on the screen 🤣 What a lovely young woman, so nice to see how responsible and kind she is towards her family (and even donates each month). We need more of this in the world 👍🏽
Is that how it is now? Graduate college and step into a $100k project manager role? And her expectation of increasing her salary to $130 in a few years. I’m questioning all my life experience now. 🤷♀️
Sorry Graham but I think you need to do more research on the 401k thing. You see, with her income she is at a marginal tax rate of 37%. Being able to invest before 37% is taken away from her will be way more beneficial in the long run than in a taxable account. Let me give you an example: 401k: invest $1 pre-tax, it's worth 5x = $5 in retirement, take away ~20% for taxes in retirement = $4. Taxable brokerage: invest $.63 after tax, its worth 5x = $3.15 in retirement, then after a capital gains tax of 15% you are left with $2.7. Pretty huge difference!
Fairfax, Virginia is in a DC area/suburban northern Virginia financial bubble. The area is designed for two income families. A one bedroom apartment is nearing $2000 a month. It’s truly an area only the middle class can afford, barely.
@Lorenzo Stewart actually, you are wrong, it’s both, as I said. There are direct correlations between those things. Yes, fed govt is the big one. And not just military but ALL of govt contracting. And beyond some defense contracting, they need educated people. However, DC/NOVA is historically among the most educated population of the US, which means better jobs and higher incomes (with both govt and private sector). Also, diverse populations have multi lingual skills and attract international business. So all 3 reasons make the Capital region among the wealthiest in the US. I’ve lived here most of my life and work in the sector.. there is PLENTY of data that supports what I’m saying... it’s not SJW pandering, it’s data and facts...A quick search on google will educate you on it...
She is extraordinarily giving, $670 donations a month (assuming 10% tithe), paying for her sister's college, and helping her parents pay off their house.
Yeah, I felt kinda bad giving about 10% of her in donations.
I love how the whole family helps each other out. From cousins to sisters to mothers. It’s lovely to see
So True my Brotha, Family That Helps Each Other, Is Rich to me automatically
Why do people hide their subs? Isn't the point to show how many you have?
And not weighing each other down.. so balanced.
@@medicmikerelf3309 well said Mike!
@@twincherry4958 it’s amazing
Man she is killin it and STILL helping out her family. That's awesome.
I think she is the sweetest person ever. In most of these videos it is about the financial success about one person, here it is about a family working hard together and Kristina showing gratefulness for what they sacrificed for her. If more people were like her family we'd live in a much kinder world.
This family is a true team!
They are!
Are you Canadian Prime Minister 🤔😂
Yesss
Graham's face when she talked talked about her credit cards was it for me.
I died 😂
SAME
Graham probably took the clip and put it on a ten hour loop.
He really said 😊😏
my face did the same thing because of how much i watch those credit card videos
“Favourite days of the day”... okay Graham, easy on the iced coffee
Hahaha
That’s what happens when you can make coffee for $0.20...things get wild!
They leave it in on purpose , he’s been doing it on most videos lately to boost comments
@@NotoriousHCR2 Can’t even hate on it, I’ve been hearing about the RUclips algorithm for too long around here🤷🏼♂️
😂😂
Here’s the main kicker, I use to live in Northern VA, and the cost of living is no walk in the park. Living off of $85k on your own you’ll still be scraping by. However, the fact that she lives at home rent free making that much definitely gives her and her family so much financial flexibility. More power to that team!
I currently do live here; mega expensive
I live in Midwest and make 101k but I have 4 kids one who just started college so it feels like not much.
As a local, I can confirm that coffee de clieu is an adorable locally owned coffee shop with good drinks and food lol
The sandwiches are so good!!
“She bought a coffee, why did she do that?”
She makes 6 figures and pays next to nothing in rent relax, Graham.
he’s kind of ridiculous sometimes.
@@Stockpickervalueoriented It's called sarcasm.
@@saulgoodman2018 he’s not being sarcastic!
@@Mrslovett007 Some people sarcasm you can't even tell. Unless if you are sarcastic yourself.
@@saulgoodman2018 I’m extremely sarcastic and he is not being sarcastic.
She is doing amazing for 24. Keep up the good work.
🙌🏼
I feel like applying to millennial money
*JUST SO GRAHAM CAN ROAST ME* 😂😂😤
As the Senate once demanded: DEW IT
He might roast/brand you like his iced coffee... 🤣🤣🤣
I feel the same😂😂
I'd do it but I don't like being on camera
And for traction 😂 I know your game lol
Graham, you must have really nice parents because trust me, living at home has MANY cons if your parents suck and are emotional abusive or manipulative. Sometimes paying for your freedom and mental clarity by living on your own is literally priceless in comparison LOL
Can't stress this enough!
Yes.
My dad used to work on Capitol Hill several years ago and sometimes I would accompany him as we would stay in the suburbs. 100k in Fairfax, Virginia is nothing. It’s like 35k in any normal mid size city. Everyone makes 100k in that area and they still don’t live well on that salary unless they choose an impossible commute each day. You need to make 350k plus to live comfortably in that area.
Thank you! Thats what Im saying. She's comfortable and able to make good decisions because her family is doing what family should do. Hopefully, she will be able to increase her finances so she can be financially secure if she stays in the region. I love that she's smart with the money, I think its being underestimated how smart her decisions are with what income she has. She's actually doing pretty phenomenal.
I love how many people’s comments are about how they’re from here, NoVA people are definitely proud of where they’re from including me:)
Tbh 100k in the DC area is nothing but she’s being very smart 👍
When you've already seen this video, but there's a Graham reaction, so why not?
i think this was the most real, empathetic, and sympathetic ive seen graham, not that i didnt think he wasn't any of those things, this just affirmed that graham did trully start from humble beginnings. thanks for being real man.
thats a bigger coffee cup graham looks like more than 20 cents to me >:(
😱😱
@@TheGrahamStephanShow you done got got
Thats it Graham. My disappointment is immeasurable and my day is now ruined.
@@Chaoes96 That a reviewbrah quote? lol
Looks like that 20 cent coffee got upgraded to 40 cent coffee for this video.
Always look forward to your commentary on these videos 😄
You seré....Ignored😂😂😂😂😳
I love his facial expressions lol
Just looking through comments and had to let you know that you are beautiful sis & I loveeee your hair
The commitment to avoid any mention of the misterios illness
yeah why is that ?
@@jimmysoucyjs youtube demonetization algorithms
@@ManaNoodles what this is weird
@@jimmysoucyjs Google thought-police. Unfortunately most people are just sellouts and won't take a stand against censorship.
@@patrickpaterson8785 Or more like too many people making clickbait videos about the pandemic for money.
One defense for the pre-tax 401k, you do take advantage of the long term capital gains tax on profits made from appreciation of investments. Yes you pay income tax on your contributions when you finally withdraw those initial investments, but if you're retired when you withdraw those funds and are not employed (receiving little to no income in retirement) you very well can pay less income taxes in the future than you would pay now in a higher tax bracket. The appreciation of a $1 pre-tax vs $0.75 (as an example) after tax can be a significant appreciation difference. You can speculate that taxes in general will be higher in the future, but you can also speculate that tax treatments to Roth accounts can very well change in the future as well due to regulations. All things considered, if you think you'll be in a lower tax bracket in retirement, pre-tax contributions (or a mix of pre-tax and after-tax contributions) may work to your advantage in the long-run.
Great content! That's crazy how she got her college half off. That's amazing how she is paying off her sister's student loan and parent's mortgage. Keep it up!!
She is such a good daughter and sister.
So basically she had a stable an awesome family. All support each other. This is the biggest difference I've seen for those who have money and don't have money. It's similar to you Graham, and that your first thought of someone living at their house was cool you could pay all your bills and be done with it and there's no cost. But unfortunately there's a lot a lot a lot of people would not the best family life and some not even having a choice with to go back to family or not
This is the comment I was looking for. Especially if you have to be home TO PAY for your family to live. This is what the difference is Especially in the DMV region. I know so many ppl going through just that. Or have to be out of the home because of chaos and live paycheck to paycheck while making an average amount of money because of familial reasons. So they have no choice to have low rent or no rent. While others have to pay their family's whole mortgage.
We need one with a couple with children because Graham would freak out about how much a kid cost to raise
Who saw this before the notifications even hit? Dont worry Graham we got your back. For the Algorithm ofcourse.
Did you get the notification?
@@TheGrahamStephanShow just got that. While I'm halfway into the video.
@@TheGrahamStephanShow yea notification is like 5 minutes late
@@TheGrahamStephanShow I got a notification!
I’m from Fairfax too, I know exactly where some of the video was shot. So cool !!
Love the commentary Graham, but I disagree with you on the 401K. She did the right thing to prioritize 401K over brokerage. 401K has the benefits of tax deduction which is huge. Also, the added benefits of not having to pay tax on realized gains and dividends earned inside the 401K during the investment period are essential to the growth of the portfolio. She can also move to a no-income tax state when she is ready to retire to reduce the tax bill. Just my 2 cents.
I also disagree with Graham in 401k advice too. There are so many ways to get money out of the 401k, it’s not “untouchable” until 59.5..
@@greenlego25 Great points! Hope Graham would correct this as he has a huge following. Would be a shame to mislead people.
@Lorenzo Stewart yeah the tax thing is my biggest concern. It’s definitely going to go up as more liberal politicians get into power.
Also Roth 401k is better than brokerage account in every way if graham is worried about taxes in the future. And as others said there are ways to take that money out penalty free b4 age 59
@Lorenzo Stewart yeah that is very true. I do have faith in gen z on the fiscal conservatism. Millennials (my generation) are definitely more on the social welfare side
-Im 24 still living with my parents.
*Laughs in European*
Do you make 100k though?
@@jessysoulmanscofield idk why they laughed at this girl living with her parents but life is not as expensive in Europe than the US, so we generally make less but the cost of living is pretty good.
The laughs in European means that many of us live with our parents in adulthood and it is not considered a sign of weakness. This wasn't making fun of her, it was pointing out how judgy Americans are. And sure enough, here you are getting offended and making a competition of everything. Or at least that's how I interpreted this comment
Yo chill i moved out of my parents house at 26 lol. Wish i stayed till 40
@@issecret1 i was not making fun of her, at all. I'm European too. I was confused why the original comment would make fun of her because in my country it's pretty normal to live with your parents when you're 24.
Graham needs to redo his math on the 401k. You almost always come out ahead with the 401k over the taxable brokerage. Example: 100 bucks of earnings when put into a 401k is 100 bucks in investments. Over 20 years at 7%, that grows to $387, and you pay taxes on it depending on how much you're withdrawing that year. If we take the worst case scenario of you somehow paying taxes at a 40% rate in 20 years (which is highly unlikely unless you're withdrawing a ton of money AND taxes have increased substantially), you would have $232 to spend after taxes. If you put it in a brokerage account, you immediately lose on taxes at your top marginal rate (for Graham it would be 37% federal). So now he only has $63 to invest in the market, which would grow to $244 over 20 years at 7%. Since you're withdrawing a lot, your capital gains would be taxed at 20% (assuming capital gains taxes don't increase with income taxes, which seems unlikely). So you lose $36 to capital gains and you're down to $208 to spend. So even in a terrible tax scenario where income taxes have increased and you're earnings/withdrawals are extremely high, you still save $24 putting that money in a 401k. This doesn't even factor in other benefits like bankruptcy protection that 401ks have. Love your stuff Graham, but you should correct this.
It's the passion that Graham says, "Why is she buying coffee?!?!?!?" that does it for me!
I live in Fairfax and COL is not cheap. If anything, it keeps growing while wages/salaries stay the same...
Yeah the entire DC region is expensive. I pay 2025 for rent in Maryland, for that much I can have a huge house in Texas.
@@angelacosta466 then move to Texas
@@dylangreen8018 don't have that option, I'm in the military. But if I did then I would most certainly move as soon as I can. I love the DC region but yeah COL is not cheap like you said.
@@angelacosta466 can’t you request relocation
@@angelacosta466 yea bro you can get a almost a mini mansion here in Dallas for $2k, I would never leave Dallas
She from VA, she's basically my neighbor, SHOUT OUT FROM MD🦀....😃
Yeah!!
@Julia Meyer Shout out to Fredericksburg baby!
Shout out from Bethesda MD
Richmond,Virginia here
@@amarbesic_ Richmond represent!
I loved this. Damn shes so kind taking on the sisters tuition. Wow!!!!
VA resident here: From the looks of things Kristina graduated from a public university (based on the colors it is JMU) which comes with a lot of perks. Here in VA we get grants and scholarships that basically covers like 40%- 70% of tuition if we attend a public university. (Good merits play a role as well.) So, the $55,000 is more than enough to cover her sister’s tuition IF she decides to stay in-state which by the looks of things she probably will.
*FAFSA plays a role as well so if you have kids or are a student fill that out ASAP*
**And the schools give out scholarships for the littlest things such as: attending an open house. The point is to really do your research and school won’t be so expensive. Even if you’ve exhausted all your resources you can go to community college and take 1-2 courses here and there so you can chip away at the degree you intend to receive.**
***If you don’t want to go to University that’s fine too. A lot of successful people didn’t go or didn’t finish.***
Love the content btw.
I love when people like her are willing to acknowledge and count their blessings to ensure they pay-it-forward.
Meanwhile, you have people who take all of the credit for their "hardwork and success" when they have been given so many opportunities
This was pretty cool. Our son moved back in (FL saving $1300 a month on rent) after he finished a contract in TX for almost 2 years. He started a company and his goal was to move out by 30 (out at 29), he bought a tri-plex for cash and is doing great and just made his $2nd M. Proud dad here :-) but he gets it from his mother lol
Graham's face when she starting talking about credit cards 😂
11:29
Speaking of own family experience: When your parents get in trouble because of a crisis and they integrate children into showing the costs and trouble and financial things, that is when teenage kids LEARN from that and will therefore have a much more frugal lifestyle and business plan.
If my parents were not involving me in the 2000s, showing me earnings, insurances, housing costs, savings, and incalculable costs that happen (broken things), I definitely would not have that stable and good life nowadays. I am always thinking about the time, my parents had it hard and my mom was unlucky for years getting a proper job, etc. It was definitely something I learned that I could never learn at school!
I really LOVE how she is supporting her sister financially, giving her social benefits that actually a government should take care of for all students, no matter the life background.
today is my favorite day of the day... truly inspirational
"you go to your parent's house, there's always food in the fridge"
No cause I ate it all
That smile during the credit card section lmaoo
i need to hear jacks voice saying "the illness" on all the silences
Same
Underrated comment
This needs to be in the top
A lot can be said about someone willing to do this much for their family. Living at home to help pay her parents mortgage and pay for her sister College! Mad kudos!
🙌🏼
Graham: Gets excited when she talks about credit cards.
Also Graham: Gets upset when she buys a coffee.
Graham never disappoints with his content, you’re my mentor, success 🥂🥂🥂
I've watched the original video three times in the form of the original video, Kevin's reaction, and your reaction, never ceases to be entertaining!
My favorite day of the day is when Graham posts a vid!!
Enjoy!!
such a wholesome woman and family! warms my heart
My mom does the "it's 8 pm and you're not home yet"
Thank You!! I said the same thing nothing but pros and she helping her family. America is the only place that looks down on people who stay home.
@@KristinaTruong Lol okay I can see that being a Con
For some reason the cupcake business in DC is something else. There's a cupcake store in Georgetown DC and before covid there would always be people in line WAITING OUTSIDE. usually about 20-30 people to get in into the small cupcake shop for some expensive cupcakes. Every time I drove by it, there would always be a line. LOL.
Haha, I think I know the store that you're talking about!
It sounds like the Froyo trend in 2010s.
I was waiting for two days to see this reaction. Fairfax is my home town and I miss driving around the city of Fairfax, but won't ever miss the traffic. My childhood home over there is worth nearly 7x what my parents paid for it, then again interest rates on homes were around well over 10% back then.
$100K at 24? Damn, she's doing better than most people her age... I probably won't reach $100K until my 30's lol
Yah meeeeeeen!
The “Wooooooooo” from you after she said Webull had me laughing out loud G!
It’s nice to see someone from the Nova area making it!
As a millennial who is in graduate school and works from home - yes, there are pros and cons to living at home with family.
Pros: saving money, helping with home finances, opportunities to try new ventures, and just having the blessing of a "safety net".
Cons: A major con of living at home is all dependent on the relationship you have with your family. Many "living at home with parents as an adult" videos do not often speak about this aspect. If you have a great relationship with your family, by all means - stay at home, save money, and also spend this time with them (family is even more important now than ever). If you have a toxic relationship with your family: they are very controlling, no boundaries, trigger traumatic memories, degrading, do not respect you as an adult (but, however, you do your part in being respectful of house rules and helping out), cause you mental, emotional, and/or financial stress because of their actions - MOVE OUT or prepare a strategic plan to move out.
When you live with a toxic family, you have "free rent," but you pay *way more* with your peace of mind and sanity. Speaking from experience: do not allow your family's toxicity to set you back. I'm grateful to be able to learn how to be better and do better (that includes learning from Graham, haha). Still, it took some time because I allowed for the post-undergrad depression and family negativity to get to me.
I love that Kristina has a great relationship with her family, and I wish more first-generation immigrant families were like this with their adult children. A positive family environment will help adult children by leaps and bounds. If you are reading this, Kristina: May God bless you and your family immensely!
This got me right in the feels. What a lovely person :)
I agree about the community college comment. You can go there for two yrs and then graduate from a university the last two years. This young lady is commendable.👍🏾💕
The younger sister gets to help the parents when they’re older since she doesn’t have a younger sibling to help :). That’s the rule.
When you've already seen Kevin react to the video, but want to see Graham's reaction as well 😂😂
I’m just two minutes in but it looks like Graham’s reaction video would be more epic. I liked the insights from Kevin & the wife’s video but it somehow sounded preachy and a bit culturally tone-deaf.
I get angry on a daily basis about how expensive higher education is. Pay off extremely high student loan debt, when the cost shouldn't be that high to begin with :(
Whenever I’ve been spending too much, I watch a graham video and get myself back in the right headspace 😂
Omg I love this girl. I think she’s doing great and good things for her loved one.
Graham I have to agree I couldn't find anything negative to say about this video. She is very humble!
"She should just use a grocery bag" had me dying! I instantly smashed the like button 🤣🤣🤣
7:53 Love your mindset Graham. You have a creative/entrepreneurial way of trying to monetize everything. Plus it's positive with no shame in the monetization arts.
I am not surprised. People who grew up in fairfax are deathly scared of leaving their parent’s house. Like, they simply cannot do it
😬
@@TheGrahamStephanShow uh
When Graham said to not have a work-life balance and just work in your 20s, I choked on my iced coffee after refusing to commit to investment banking because I do not want to live to work..
There can be cons to living at home with your parents. Those cons generally revolve around your parents though.
Northern Virginia represent! Loved this episode. Also, De Clieu is a lovely coffee shop.
Graham is giving Nova the recognition it deserves 🤩
Dude! Im addicted to your videos right now!
Good stuff as always. I do have a nitpick though. The 401K advice needs to be unpacked a bit. I would recommend that folks max out, as much as they can, obviously up to the company match, but if you can swing it, all the way to the max. The tax implications is where it needs to be expounded upon. A couple of points in favor of going the 401K route, is that one, you can get in and out of positions without creating a tax event. If you were to put that money into a regular investment account, that would not be the case. Secondly, while you are likely right taxes will go up from today, we need to consider current to retirement income levels. Presumably, while you are working and in your prime earning years, you will be making substantially more income, and thus, your tax rates will be considerably higher than when retired. So even if rates go up, due to the progressive nature of the tax brackets, even if you did withdraw say $50K per year from your 401K, your effective tax rate is going to pretty low, I think for most, much lower than while employed. So in order, it would be 401K up to employer match, Roth IRA, additional pre -tax 401K, then taxable investment account. Now if you need the money for buying a home or saving for your children's college fund, you would have additional savings/investments, but purely for retirement purposes, this would be my recommended order.
I like how Graham knew exactly which brand of bag she had and the price range instantly.
“You buy Starbucks, I buy Starbucks Stock.”
-Graham 2021
I was waiting for the reaction to her credit card usage. Thanks for your responses. It has helped me with tweaking my budget.
loved seeing you smiling when she started talking about credit cards
its always good watching your videos!
you actually helped me choose my first and current credit cards; youre awesome graham!
The smile at Graham's face at 6:46 when she got the card lolllllll
I disagree about the 401k. It's good to have tax diversification as we don't know that taxes will be higher in the future. But even if they are higher it can still be good to have the 401k. The deduction right now all comes off at your marginal rate, but the income in the future will be taxed at your effective rate. And by being diversified with Roth and regular investment accounts, you may be able to limit your income from the 401k to be below the minimum income bracket, meaning that money never gets taxed at all.
I should learn for university... but first Graham and a 10ct cup of tea.
:)
That coffee place kicks ass. Live around here. A worthy occasional treat.
“Dang looks shes really good at saving” him also “why is she buying coffee” 🤣🤣🤣
Graham’s only critiques- she puts too much into her 401k, and she bought a coffee. I’d say she’s done the best so far 😂
You don’t need 100k a year, if you make 100k a year and live off of 50k, then you are going places in the future.
That’s only saving like $20k or so though.
I make 800k yearly, waste about 95k a year. Not on me, but my family who were immigrants and struggled to make it in a country that didn’t want them.
@@paulinacontreras4160 Please share. I want to make* 800k a yr too.
All I’m trying to get at is to live off of as little money as you can. It is human nature to go spend more when we make more. It’s your own future in your hands and I always explain this on my videos. Save as much as you can and put it towards investments and your future instead of consuming materialistic things that mean nothing
@@twincherry4958 I am! hopefully with the help of my fellow coworkers, a program for immigrants to get higher education/for older immigrants who are still working at 85 because they don’t get retirement money. I am giving back to my community. I grew up poor so I know what it’s like to struggle.
Love how Graham just casually knows the wallet‘s brand. Wouldnt‘ve figured!
The benefit of the 401k comes from being able to shift your tax burden between your working years and retirement in addition to not having to pay capital gains tax.
Loved this video! Cracked up on these reactions, especially when that coffee popped up on the screen 🤣 What a lovely young woman, so nice to see how responsible and kind she is towards her family (and even donates each month). We need more of this in the world 👍🏽
Is that how it is now? Graduate college and step into a $100k project manager role? And her expectation of increasing her salary to $130 in a few years. I’m questioning all my life experience now. 🤷♀️
Study STEM/engineering they said, it'll be easy they said.
Yes!!!!! Finally!! I watched it and knew he would make a video but this is honestly amazing!!
I think it's really admirable that she is investing in her sisters future and is looking out for her.
Sorry Graham but I think you need to do more research on the 401k thing. You see, with her income she is at a marginal tax rate of 37%. Being able to invest before 37% is taken away from her will be way more beneficial in the long run than in a taxable account.
Let me give you an example:
401k: invest $1 pre-tax, it's worth 5x = $5 in retirement, take away ~20% for taxes in retirement = $4.
Taxable brokerage: invest $.63 after tax, its worth 5x = $3.15 in retirement, then after a capital gains tax of 15% you are left with $2.7.
Pretty huge difference!
I knew you’d like this episode, Graham 🙂
Fairfax, Virginia is in a DC area/suburban northern Virginia financial bubble. The area is designed for two income families. A one bedroom apartment is nearing $2000 a month. It’s truly an area only the middle class can afford, barely.
12:40 Mentions Webull
Graham: it’s free marketing
This girl is goals🤩🤩🤩
5 of the top 10 richest counties in America are surrounding Washington DC. Wonder why...
And what about it?
2 big reasons = 1.) Diverse, educated population 2.) Obv cuz fed govt is there. However it’s also a great area to live
@@sophienben-achour5450 I am fortunate if I can get a job up there and live in my area I can pay off a large house in a year(doesn’t mean I’ll do it)
@Lorenzo Stewart actually, you are wrong, it’s both, as I said. There are direct correlations between those things. Yes, fed govt is the big one. And not just military but ALL of govt contracting. And beyond some defense contracting, they need educated people. However, DC/NOVA is historically among the most educated population of the US, which means better jobs and higher incomes (with both govt and private sector). Also, diverse populations have multi lingual skills and attract international business. So all 3 reasons make the Capital region among the wealthiest in the US. I’ve lived here most of my life and work in the sector.. there is PLENTY of data that supports what I’m saying... it’s not SJW pandering, it’s data and facts...A quick search on google will educate you on it...
@Lorenzo Stewart I have never seen someone this triggered over one word lmfaoo.