Living Together On $200K A Year In San Francisco | Millennial Money
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- Опубликовано: 28 сен 2024
- Rachel Shinto and Scott Johnston earn a combined income of $200,000 in San Francisco. Here's how they split finances as a couple, save for the future and live comfortably in an expensive city.
Read more about Rachel and Scott’s budget breakdown: cnb.cx/2LRPuuf
This is the latest installment of Millennial Money, which profiles people across the U.S. and details how they earn and spend their money.
San Francisco residents Rachel Shinto and Scott Johnston, both 28, may live in the most expensive city in the U.S., but they're still able to save money, invest for the future and enjoy their lives.
"I literally feel energy when I come into the city," Shinto says. "I think it's a magical place where you can make anything happen if you want to."
The couple, who got engaged earlier this year, share a one-bedroom apartment in Diamond Heights, a San Francisco neighborhood, and earn a combined $200,000 per year. They agree that they're able to live well. After living on $300 per month while in the Peace Corps, Shinto says dealing with San Francisco prices is easy: "I'm living my dream life right now."
Johnston acknowledges that they're lucky to earn as much as they do. "We've never had to worry, but we do make a fairly comfortable salary," he says.
Because Johnston earns more, he pays more in rent and covers the utilities, but the couple typically split expenses evenly. "I don't think we've ever fought about money yet," Johnston says. "There's nothing to hide - we're open about it."
The couple plan to get married in 2020 and pay for the wedding using their savings. They're budgeting around $40,000 for the event. Long-term, Johnston hopes to be financially independent by 40 and start a real estate company with friends. Shinto plans to continue working until she's 62 so that she'll receive her full retirement benefits. But she doesn't mind: "I love my job and I believe in public service."
Despite their varying retirement aspirations, they're still partners in their finances. "Now that we're engaged, my money is her money, the way I see it," Johnston says. "We're going towards the same goal."
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Living Together On $200K A Year In San Francisco | Millennial Money
What’s your budget breakdown? Share your story with us for a chance to be featured in a future installment. cnb.cx/32TYZ2K
I make 500 dollars a month and I spend 450 on crack and 50 dollars on my rent. Thank u taxpayers!!!!!!!!!!!!
Couple, 29/28 y/o, 100k (30% savings rate), 1200/month in rent, Amsterdam, Netherlands
budget breakdown? you just posted a video about why you DON'T need to budget. which is it, cnbc?!!
GOD BLESS .. be grateful
... there is a lot of people with not much to eat and no much to clothes their body .... be happy ....
amy lieu Good job!! One day u will be wealthy! Don’t quit on your dreams 😂🤣🤣
CNBC needs to get a millennial who spends 10% of their budget on iced coffee. The goal of this show should be to give Graham a heart attack.
😂
Lmao
Just making and drinking 20 cents iced coffee that makes up 10% of their income will give them a heart attack
I spend my 10 percent on Avocado toast
Thumbs up if you love avocados!
She said living in San Francisco she feels energy. Yeah it's the energy of the city sucking the finances out of everyone's income 😆
This is such a gentrifier thing to say lol... the teal energy of san francisco is the culture from the people that are slowly getting displaced from there. That energy cannot be replicated by them and its being replaced
And the 5g!
And the homeless on opiod giving you the scare of your life. That's the adrenaline rush she's feeling. lol
The jealous, trolling videos on SF and hoping they can get in here. Else, why would they watch?
$200,000 in SF is barely getting by.
CNBC Make It: What it’s like to live in San Francisco while earning $200,000.
Me: It must be awesome.
Whole Food Plant-Based Man $200,000 in San Francisco isn’t a lot for two people
@@suaveclt But they're able to save $5,500 a month, and repay their past debt. That's really impressive!
See their expense breakdown ruclips.net/video/lgH_mUTShtM/видео.html
200k aint much. Do you even qualify for a home loan?
@@suaveclt $200,000 in San Francisco isn't a lot for two "dumb" people or people who want to live a more extravagant lifestyle. I lived in SF my whole life, went to public school and had many friends in families that make
After my last visit to San Fran I can confirm there is no way I could live a good quality of life on 200k, you're poor on 200k in SF.
Graham needs people that don’t understand money to make good reaction videos. GIVE US MORE PEOPLE THAT AREN’T GOOD WITH MONEY CNBC!!!!
Graham is gonna smash the like button so hard for this one.
I’m born and raised in SF and I always find it funny how the people that make the most off of this city are the ones that are worried about being “poor” or take part in “the struggle”. Just ridiculous 🤦🏻♀️
Idk @ Graham Stephan this one is pretty good
Theyre the perfect couple, doing investments and savings, they'll be okay
they're not perfect. they have car debt and don't seem to have anything in common and have different long term goals.
Lol the video was good until the end - "less than 40k on the wedding"
Let's all take a guess on which one of them wanted to spend so much "on experiences".
@@JohnLee-fr6pi well I wouldnt say car debt is bad, possibly they purchased a great car on low rate due to having something reliable.
@@sznosrs5045 wut
to repeat myself, they possibly got a car at the cost of debt for possibly a great ARP rate at 3% or so & also wanted to buy new rather than used to have something reliable.
2:41 her expression was that of concern lol. Don't think she likes the idea of spending her "back end" money :D
josanrishi back end, as in the benefits
I just realised these videos will be amazing to look back in 50 or some years and should be shown in history classes or econ classes.
He definitely stated he makes more money then her a couple times. He made sure we understand that.
I wonder how much more.... it's interesting that they still split the rent pretty evenly. She pays $1200, and he pays $1440.
Hes frugal she likes to spend. He wants to retire early, she wants to work till 60. Oh boy
yeah i give them about 10 years, then he will lose half of everything in a divorce despite being frugal the entire time. only then will he hit rock bottom and be able to embrace the doomer lifestyle
@@VS666 Exactly. This relationship will not last more than 10 years. And his savings will be gone.
Yup, she started off with how much she loves living in SF. Going to have issues if/when they have kids. Guarantee he’s going to want to move out to the suburbs, she’s going to want to raise them in the city. Cut to him having the kids on the weekends in Orinda while she’s dating her yoga instructor
Yea...plus engaged is not being married...jus saying .some people are engaged for 10 years...
They’re definitely not on the same pego.... he needs to drop her now
Graham will be pleased
CNBC got tired of Graham roasting these millennials lol
I just want to know HOW they only spent $650/month on food/drinks for two people in SF.... I'm only one person, and I have a hard time staying below $800/month on food (groceries plus restaurants) just to feed myself. Do they never go out to all the good restaurants here...?
She said they eat beans.
You spend $9 per meal? If you’re making food at home, you could spend $9 on nearly all your meals for the day...
Christina York 800 a month for one person? Do you cook ? My wife and I live in the bay as well and spend less than you.
If he works in tech, the company provides meals/stipends. It's a work perk... they could also only eat out once a week, and cook from home. Shopping for groceries at Asian markets are the cheapest in SF. You can get the same two big bags of groceries (veggies, fruits, meat, etc) for $20 at Manila Market versus Safeway or Lucky's that would cost $40-50. If you live in the bay area, Manila market is an Asian grocery store chain.
@@sanitary103 Yep, I cook most meals. I go out to eat about 6-8 times per month on average (1-2x a week, which could be going out to a restaurant or ordering take-out), rest of the meals are homemade. I shop for my groceries at Trader Joe's, Whole Foods, and Costco--none of the little expensive boutique shops. But I do buy organic/pastured/grass-fed products whenever possible which I know increases my costs a little bit. I rarely ever buy red meat (which is expensive), and my proteins are mostly organic chicken, turkey, some pork products (like bacon), and wild fish. And I rarely throw away food, so I don't think I overbuy. Now that we've been in quarantine, my average food spending during this shelter-in-place has been about $476 per month ($360 on groceries and $116 on restaurants), so it's lower than my $600-800 average, but that's because I'm not going out as much to restaurants and not spending $100 a month on alcohol for happy hours and such. I still can't figure out how these people keep their food under $325 per person per month in normal times. They must have to cut out all restaurants/happy hours/coffee shops and not buy organic...?
Finally!! Someone who good with money 😂
But I wonder how Graham react
Graham and this couple might become friends!
Graham, you have 24 hours.
😂😂😂😂
This comment is not about Graham
Yesss, finally they put an accountant on here #accountantsunite 🙋🏽♀️💪🏽💕
I like their lifestyle accept for saving 5k a month, but only paying 600 a month on student loan debt. As I always say, just pay the debt off first. But otherwise, smart gang!
If it is low interest, the cash can make more, on average, than the interest would cost!
I don't even watch these anymore because Graham's reactions are better
MONEY is the topic everywhere these days
Him "im going to retire off your benefits"
Her: wait but my plan was to divorce you for alimony.... are we both evil???
Rotfl
CNBC people wondering how Graham Stephan hijack their show and comments.... including this one! lol, now guys, go to one of Graham's videos and SMASH that Like button!
Nah, just gently tap it
For real
Graham bout to love these people's financial decisions
Don’t see the love between these two. More like a you help me, I’ll help you. Smh.
Right!! Weird
That's very typical within north american couples. Love doesn't exist much nowadays betwwen people, it's pure interest of what you can give me, so we can be a couple. Really sad, but true. Women here in the city tend to be like that, terrible. No hope.
Graham, where are you ... bit of a harder one bud
OHHHHH GRAHAM IS GONNA LOVE THIS!
It's weird to hear they're worried about being "poor forever" when they make $200k...
That’s poor here in the Bay Area.
They live in SF thats why
She has a spending habbit and just loves sf
"200k is poor here in the bay area" ... San Fancisco median household income is 96k. Way off. Get off your high horse and acting like it's something it's not because you live there.
@n s good for you my dude. Noone cares where you live
Her engagement ring is gorgeous ❤️
yess i saw :o
@@ALXSSA Right very beautiful
I think Graham will enjoy this.
the music is so loud i can't hear them speak
Super couple, wish you all the luck with your futures. Very competent and balanced.
I live in California and boy it’s expensive in the Bay Area! That’s why a lot of people commute
Great video! They are clearly on top of things ✨
Adorable dog! Happy for you!
Saving 5500 a month is awesome
Graham has entered the chat
as soon as he took out the credit cards I thought of Graham
I dated an accountant once and he was SO cheap I legit NEVER saw him spend money on ANY of our dates. I’m talking he wouldn’t even spend $2.59 on coffee for himself. He got water. I even once invited him to a nonprofit charity fundraiser I was hosting where we sold burritos and donated all the proceeds to kids’ cancer. And he wouldn’t even pay $5 for a freaking burrito. He was only with me for the future money I think because I was in med school at the time. That was literally all he cared about was how much money I was going to make. Men can be gold diggers too smh
Wow - they're saving more than half their income! Considering SF public schools are good (and considering future salary increases), Shinto and Johnston will easily be able to raise two children very well.
I guess I'll be the only one not talking about Graham.
That marriage is already doomed. They're not joining bank accounts. You can't act single with finances but be in a marriage. Just doesn't work like that. They're future goals aren't even aligned. Sorry dude, but you're getting the raw end of the deal if you're paying up front and hoping to get some of that sweet Pension benefits at the end. It won't get that far. She'll definitely get it though. On her own. Good luck! You make good money, you'll be alright.
My opinion too. I was laughing when he said he is going to rely on her for pension and benefits...it won't go that far. If anything happens like if he loses job due to bad economy, he will be out of home.
Can you make how to live in 200mil a year in LA cuz I cant
All the comments mention Graham Stephen 😂
Who the hell is that guy?
Nakul Sharma , you should get out more.
@@bvlee1974 Just tell me who he is?
Nakul Sharma Check him out on RUclips!
@@lucyc3634 Ohh! I've seen that guy in many videos. Is he really a fraud?
In my last relationship my money was her money; and her money was her money. It was equitable but worked for her
I don’t even think she knows how blessed she is to have a man like him 😭
Yeah, hope she puts out. And I mean like everyday puts out. The man is still under 30 for crying out loud!
Really? He seems like cheap loser who complains when she gets her nails done?
Graham where are you???
Let's see what Graham has to say about this one!
Fun Fact! One does not need to be a professional accountant to "budget and know what you are spending"
Guaranteed that Graham is currently watching and sipping his 20 cent coffee right now
This couple has it figured out. Great job
The video on Graham will be like: millenial makes over 100k a month and saves all of it
2:36 why did she look shocked when he started talking about sharing her government benefits later on lmao. She looked like this is the first time she heard that from him 👀
😂😂
CNBC make a millennial money featuring Graham Stephan!
I make $212k as a single individual. Feeling pretty proud watching.
so ... (almost) 40% of your 200k income goes to tax?
I think we do need high tax for wealthy, but 40% tax on those two total working class graduates is kind of rough.
Steven Z That’s what people making 40k a year never understand. Once you make more than 100k a year it’s good to always think of your income in terms of net after taxes.
Steven Z those working class graduates are billionaires compared to the rest of the 3rd world so why tax the “wealthy” only? There just as rich as the “wealthy” in this country. so why do you have sympathy for them but not the “wealthy”?
Great example so I'd consider moving as a couple if I could find a partner where living gets better with double salary and shared costs
Yikes. No interest savings account and budgeting up to 40k out for a wedding.. I'm getting married in 2020 and the money I would've spent would've been over 75k but it's only gonna be roughly 8-9k for me. Difference? Having my wedding in a different country. Graham... Sick em!!!
Somethings off with this couple, the girl seems so passive aggressive lol..
Exactly, I noticed this too.
yes.. didnt know how to describe it but they will not last ..
She probably got with him cuz she needs a roommate that makes a lot of 💰
Invite Graham on the show!
I love these videos!!
But they don’t have joint bank accounts... why? 🤔
Those can get messy
40k in a wedding is crazy. I spend around $600 on my wedding, after 8 years we are happy and still married, friends and family that I know spend 5k, 8k, 12k, 15k in their weddings and few years after they are divorced, paying child support and broke. BTW came here after watching Graham.
Graham won’t have much to say 😓.
man this was borning
Good luck. Keep shared goals. Might consider actually pooling your money as a couple and not tying yourself to what exactly you make. Seems like separating money would cause unnecessary envy and confrontation.
There you go save 100 grand and spend 40 percent on the stupid wedding, nice so much for saving money. Just have pizza and beer like mr. Wonderful
Lol the video was good until the end - "less than 40k on the wedding"
Let's all take a guess on which one of them wanted to spend so much "on experiences".
Thank you!
Who do you think had the idea for the wedding
I dont live in US and there is one thing i dont understand: really why u guys go study And take the loans and then complain about working at Starbucks for example? There are mamy fields where u dont need study degree: financials, IT, music, maybe some digital art to name a few So who made u and/or told you to take studies? Im European, Polish to be specific. Here college is free but its unesssary in mamy cases, though if you pick wisely And surround yourself with talented hard working ppl during studies you may have benefits like easier Access to jon market or start a business with them. Are US studies really a good investment?
She makes it sound like DisneyLand. It's magical and anything you want can happen. Just as long as you can make enough money to afford to live there.
I’m just waiting for Graham to make a video on this with my 20¢ iced coffee ready
Graham will love this
Congrats guys! I wish I could still live in SF.
There’s something off here. Not money wise but things seem so awkward.
Ya'll have to remember too, 200k in SanFran is nothing. 118k in SanFran for a family of 3 is considered poverty level.
Has Graham Stephan seen this yet
Wedding is still a bit expensive; but in the words of Dwayne Carter “It ain’t tricking if you got it.” Wishing them many happy years and mounds of passive income! One of the best couples/people I’ve seen thus far!
[Insert Graham Stephan comment]
for a second, i thought it was mark zuckerberg
Put your entire Wedding on Credit cards, pay yourself back. Use the points to go on an amazing Honeymoon ❤️
Can someone give me more information on how I can become an immigration officer? I have always wanted to work in a field where I can help immigrants, but I thought my only option was going to law school in which I minored in poly sci. Later on I figured out law school is not for me. I never thought about becoming an immigration officer! If anyone could give me some info or tips it would greatly be appreciated!
www.uscis.gov/about-us/careers-at-uscis
Finally a couple that knows how to invest!
Alex Wayzers no, she knows how to invest, divorce is around the corner
Their wedding is gonna be amazing omg $40k
The wait for Graham starts....NOW!
The girl looks so unhappy. Like dragged here for the show.
Graham... I'm waiting... Lol
😒 you can live ANYWHERE comfortably on $200k a year let’s do 60k in Dallas, 40K in Ohio, 70k in Seattle lol let’s be more relative 😔
That guy has the mentality and ideas that i have!
My $ is her $.....You are making a huge mistake if you really meant it.
Vietnamese woman here in SoCal and I approved my message
I make $330K as an airline pilot and yet I feel very middle class in this town..
Geez. I hate living in the Midwest but I think I'll stay here for a while if it's that bad
Not enough for Graham to react. Dislike, unsubscribed and report 😅
They make $200K combined and rent????🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️
I wonder if they’re still there after the covid collapse
They’re lucky they have a combined income. I live in San Francisco and am barely making it with an 80k income. Rent is ridiculous here. The cost of gas is through the roof, food costs more, and public transit is also very expensive.
Lol u still struggling man?
@@craigtucker7815 not as much lol my income increased. Thanks for responding 2 years after my comment 🤣🤣
@@galourians haha great to here your doing better💯
she did bucket showers for 2 years. wow lol. I come from a middle class family in India and that is pretty much the norm for bathing. We don't waste water with showering.
What happened Macklemore
$2640.00 for Rent is Insane! Unless it is a Rent To Own! That $2640 is a Mortgage Payment not to be a Rental Payment to The LandLord's Pockets!
They have their shit together
I make 220k and can’t live in SF...how is she able to get her nails done and go to soul cycle? Wow.
Jeff Hur Usually one spends OPM.
Aaa Bbb really? Government takes 40% in taxes (fed and state combined). Good luck finding an apartment that’s not a hellhole in SF for $3,000. Plus food and transportation, parking, etc. I’m saving $5,000 a month not including 401k...so no I don’t have the luxury of comfortably living in SF getting my hair and nails done let alone going to soul cycle and drinking unlimited Philz coffee lol