Living On $60K A Year In Boston | Millennial Money

[@CNBCMakeIt]

What’s your budget breakdown? We’re looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money: cnb.cx/32TYZ2K

[@ألفومية-ح5ك]

With hyperinflation, I live in Lebanon with a salary of 900$ a year.

[@ryanmark2475]

Trading crypto currency is also a nice way to invest $1000 and change your life.

[@pinned5992]

Crypto currency is the future.

[@wasap6359]

Bitcoin has been around for over 11 years now and have risen to about $11,000 despite the price fluctuations it's still going to $13,000 soon.

[@watsap7939]

How much is good for a start and how do I start trading with her ?

[@Jonurquhart_]

Oh my god, this turned out great! This was such a fun experience and I’m so happy to have been able to share my story🤟🏻

[@krysiunia]

Great job!

[@christopherdriving6425]

Was great to see your story

[@graceannkeller4284]

🤟🤟🤟

[@MsMarebear12]

I am so happy for you! To be able to now profit from something you had to do during your childhood is amazing. Your story embodies the quote: Your blessings are coming! I wish you nothing but the best, you are a warrior! 😊

[@MS-rv9tq]

Such a great story to hear! Thank you for sharing

[@saibushayer]

*Nothing but respect for this guy. He'll go far in the next 10 years.*

[@vivianwtang3983]

Another really great person with a fascinating life story. He exudes so much empathy and maturity. Keep up the great work CNBC in finding people of all types of backgrounds! Love the diversity. Go Jon! :)

[@msf8297]

they don't really find them. you submit your story

[@kelvinsparky3745]

He legit seems like a really nice guy, I genuinely love this kind of stories and wish him well.

[@noelharris534]

him: "everything is 50% off" me: *cries in single*

[@quinton3689]

You don’t have to be for long 😏😏😘

[@amadamiaaa]

Girl, YES. So much money saving opportunity when you're not a single pringle 😫

[@amadamiaaa]

@Camaro 1968 dang. I'm sorry you don't get to eat dinner or go on vacation when you're single. That sucks for you.

[@amadamiaaa]

@Camaro 1968 I hear ya, you just have a different lifestyle than I do. To me, being in a relationship would mean the ability to split the cost of necessities while doubling down on savings, all with the goal of creating passive income and a super early retirement of running off to live in the mountains or travel around the world. But, as evidenced by your comments, that's not what it means to most.

[@jenniferbyers1375]

I know plenty of single people that are making around $50k - $60k and they all live in Boston just fine. The biggest expense will always be rent, but after that there are plenty of ways to save without compromising your life quality too much.

[@Meliza09]

I regularly watch Millennial Money, but this is the first one I can relate to. I'm a fellow CODA! Ayeeee!

[@BrendanEvan]

Dudes crushing a 42% savings rate. Wow. He’s made such huge progress to turn around his attitude and get rid of debt and earn some serious money on side hustles.

[@octaviakf]

That’s because everything’s 50% off 😂

[@christopherliang6879]

@@octaviakf not your student loans 😂

[@rappermerch7785]

@@christopherliang6879 he's saving that much because student loans are 100% off. It's in the video. That's why you don't see it in his monthly expenses

[@1.5Koreans0.5American]

“Don’t quit. Suffer now and live the rest of your life as a champion.” -Muhammad Ali

[@Getitgirlllll4717]

@Jade Choi Great quote! Very meaningful. Also i love your name, is sooo dope!!!😁

[@maya8935]

Everything is 50% when your dating someone. Best quote

[@toxicleaguex5546]

Stay humble

[@Don-hc4gk]

No no no, that's due to his sexuality 😂 If he were hetero, everything would definitely not be 50/50.

[@Abi-hx1qr]

This actually a very realistic salary for those who aren’t working at some super nice place in Boston. This gives me hope that I may be able to live in Boston on that salary one day.

[@cellobuddy251]

This is actually me right now. I'm a little outside Boston in Brookline, but I make around the same from my main source of income and split my $1,850 rent with my girlfriend.

[@lisalove1837]

his age and salary is realistic for me as well except i live in california where it’s disgustingly expensive rent

[@Tunechi65]

@@cellobuddy251 aye. I moved from closer to Boston to peabody. Paying around 2650 though for a townhouse. Shared with gf tho

[@willisapril]

I will make around 65K this year and live in Worcester and it is enough to keep my head above water. Even Worcester is unafordable these days.

[@butterflymoon6368]

and yet crazy high to someone working in the uk.

[@saulgoodman2018]

Everything is 50% off.

[@ericshang7744]

Saul Goodman because you only own half of everything.

[@saulgoodman2018]

@@ericshang7744 I know what he meant.

[@xxxxMonkeyGirlxxxx]

Gulaid M I am a woman and I pay 100% for my boyfriend as I make a lot more money than him and I don’t mind at all. Perhaps you need to find better people who are on the same page as you in life and relationship goals.

[@colorfulcodes]

Bragging about paying for a man.....🤦🏾‍♀️

[@UnplayedGaming]

@Gulaid M yea I knew that would be problematic s soon as he said it.

[@cryptoflippodcast]

*Do not save what is left after spending* spend what is left after saving 🙌🙌🙌

[@MaryRalladi]

Straight facts. Always pay yourself first

[@iwrotethis4712]

Of course

[@johnwaldo3036]

You know your financial responsible when one of your favorite things about dating is that everything is 50% off. Graham will be proud.

[@AlieshiaTV]

😂😂

[@TheSkatereel]

This guy has a greater impact in the world than most of those Wall Street guys making 10X. Thanks for your work!

[@williesullivan3985]

@@matt_goes_fast why do you wall street guys want it both ways? You are not saving the world. People were getting mortgages and participating in markets for decades before wall Streeters started taking more and more of the gains of that market. You do not make 3x what this guy makes because you are adding value. It is because you are a professional at extracting value!

[@johnmaris1582]

You have no idea what finance contribute.

[@BlankaFromEurope]

such a heart warming episode ! i absolutely loved this spirit and that he is hiring the native sign language teachers to teach online. hope they will be able to have the wedding soon, despite the pandemic. good luck to you Jon !

[@katv3116]

Same age as me, same income, and also listens to Dave Ramsey 😃 youre on the right track Jon! I know youll finish paying your student loans after the pandemic! You got this 👊

[@jordanb6473]

Klp

[@sabrinatatalias4277]

The fact he knows who Dave Ramsey is makes him more financially literate than most Americans

[@nibirue]

Everyone knows who Dave Ramsey is. I grew up in the hood and everyone knew who he was. Not that anyone listened.

[@Ditly]

Cutting back on coffee and wanting to get into real estate... he’s defo a Graham Stephan sub!

[@lichi1244eva]

I love this guy. Humble, smart, down to earth. Good for him!

[@a004]

"Jon makes $700-1000 per month teaching sign language" Me: oh that's a pretty good business "Jon spends $800 paying employees" Me: nevermind.

[@tinacaddie8502]

Lol.. that’s true. The struggle is often hidden behind the smile. It’s just like trading crypto. Trading is so exciting until the market flips on you.

[@williamjesse261]

Thanks for emphasizing on this , I couldn’t have said this any better

[@williamjesse261]

Do not trade blindly! Get help from an expert.

[@christianlandon6199]

There should be no troubld if the market flips on you with proper risk management. There’s no way you’d be blowing up your account

[@jenkinssullivan2346]

Thanks for putting this out there It makes me see trading from another perspective. I’ve trading on my own and losing and it didn’t occur to me that I could get help

[@Vim_Tim]

Too good. Loves his work, savings-first, splits expenses, learned debt lessons early, hustles side income, entering real estate... phone bill is high and not sure about those remaining student loans, but otherwise golden

[@tracy_cakkes]

Phone bill could be worse, be careful with that credit card but otherwise he’s great 👍

[@LifeCoachYvette]

“If it’s above $3 I don’t get it” definitely going to start implementing this when I grocery shop lol

[@toxicleaguex5546]

Stay frugal lol

[@acestarone]

Hmmm no stok coffee or Greek yogurt for me then

[@LifeCoachYvette]

@@acestarone lol it’s the almond milk for me 😂

[@acestarone]

@@LifeCoachYvette right✅ so many items. I buy either trader Joe's or almond breeze. I did consider buying country crock plant butter but that was more than $3

[@jessicacole8404]

*I personally can't keep EVERY item under $3, but I try to buy store brand as much as possible, or next cheapest option*

[@LukasRyanPreston]

His tik tok is gonna blow up

[@Abnerdoodle]

I’m so happy they interviewed him! He’s one of the main reasons I’m trying to learn ASL.

[@VerStarr]

Imagine if he interpreted the presidential debate for both parties lol... something I thought about while watching it

[@iro3952]

He might have trouble with Joe’s gaffes 😂

[@buffycatnip]

@@iro3952 have you heard of trump's spouting non-sense with his dementia?

[@SD-in2mv]

I can hear and even I couldn’t interpret that...

[@iro3952]

kzbin.info/www/bejne/kImtn6CAo9mrrq8 Biden’s interpreter 😂

[@iro3952]

But wait there’s more of sleepy joe 😂. kzbin.info/www/bejne/f3q1Yqtpnr-UZpo

[@fanonxrogers109]

As a fellow Bostonian, I approve! Keep up the hard work John.

[@AllegedlyStephanie]

He has such a great attitude and spirit

[@dabd8175]

Me waiting for all the finance youtubers to comment on this video

[@xaviersfinance2664]

Yeah

[@shantralarharris2893]

Same

[@dabd8175]

@@xaviersfinance2664 🤣🤣🤣

[@recheveste31]

Right here bro. His Debt to income is trash

[@goodenergi]

A video suggestion: Can you do a millennial money of a digital nomad? 👩🏽‍💻 I’m a 22 year old self employed digital nomad (have been for two years after dropping out of a top college [super cliche i know lol]!) and while I love seeing people in the US, it’d be ready cool to see people like me who are living “alternative” lifestyles. 🌍 Earning, managing, and Budgeting money as a full-time traveler is a whooollleeee other ball game and it would be nice to have that representation. I also think it’d be good for people who want to live alternative lifestyles as well and showing that it’s definitely attainable 💛

[@anoukc6928]

You have to fill out the form, they are not going to look for you

[@namastemcl]

My husband is a Coda and his brother was an interpreter. I love that you have chosen to serve your community.

[@Omnomtoto]

He's got a good head on his shoulders and I'm sure he'll be very successful down the line. Happy he's doing well!

[@rwxox]

What a stand up guy. When he said he started online Patreon I was a bit shocked he was teaching. But happily impressed he has hired three deaf individuals to teach. So great!!!

[@MaryRalladi]

Really loved hearing his story. I think he's absolutely making smart decisions, especially starting his own side business that employs others which can hopefully be scaled at some point. One he get's that margin a little higher it'll be even better. Hope we can get an update 1 year later!!

[@estuardoe8]

His dad was deaf and blind but also a retired engineer....how?

[@tracibarnett2058]

Maybe he had an illness or injury that made him lose his senses.

[@estuardoe8]

@@tracibarnett2058 he mentioned he grew up with deaf dad though...so not recent

[@MrTmenzo]

Braille

[@roborich7793]

His dad's condition could've deteriorated over time (early 30's to late 30's) and his father had him later in his life (late 30's /early 40's)

[@jacobblake4111]

Yah it can’t be 100 percent blind cause how can you Marry someone without seeing or hearing them that is borderline sus what if he married a dude

[@saulortega2784]

Graham isn’t gonna like the fact that he was buying Dunkin’

[@mrphatcart4721]

To be a successful man in life you must value investment than spending

[@kennedymatt6474]

Trading and investment is the key to success, don't mis this opportunity coming your way

[@Stephaniigardner]

What will be the best investment one can go for and make huge profit from it

[@klintonbright8940]

I vouch for bitcoin too

[@Elmerolockerjr726]

If you believe in the future then indeed you will know that bitcoin is the future

[@Emily12619]

Yes! Bitcoin is a beast like no other! Silver and gold are doing well but Bitcoin to the mooon🚀🚀

[@investingwithwilliamtherob2834]

He should get Roth IRA too.

[@Teannaschannel]

Only complaint would be I didn’t see any brokerage investing, he only had a savings account & 401k but that’s still awesome! He has such a good spirit!

[@ChristopherRangon]

This is an amazing story, Jon seems to really have things together and his kindness and eagerness to help is awesome! His budget looks great, I'd personally recommend his phone bill decreasing. I have a phone bill with Metro by T-Mobile with a family member and our bill comes to $90 bucks a month, $45 a person and we have unlimited internet, text, and phone calls with a 5G Hotspot included. He can get that with his fiancee and have $564 more per year saved up, which is enough for a round trip flight to Hawaii!

[@thebabypete8516]

Not everything is 50% off when you’re a couple lol

[@teambennett-wells962]

i was thinking the same thing. He got it good. But thats not how it works for everyone.

[@eserv88]

True. Usually the man ends up with the short end of the stick 😩

[@Breanna.L]

It is if you pick the right person. Everything in life is a compromise/ team work. If you are in a relationship who doesn’t (besides medical problems and can’t) contribute then it’s going to be hard. Not saying it has to be 50/50 but the other half should be contributing if possible. My parents have always done that, even when they were both working at fast food restaurants in poverty till now being middle class.

[@solidaritygirl]

@@eserv88 uhh no... cause men who aren't broke don't consider spending money a "short end" of a stick. And broke bums usually let women pay for the majority of things. So you can stop worrying about men getting taken advantage of.

[@eserv88]

@@solidaritygirl it literally was a joke. My fiancé and I always go 50/50

[@Tabbylover55]

What a wonderful episode! He seems like a really good guy with a good head on his shoulders and a lot of resilience. I hope he continues to do well.

[@funnydayz]

Finally someone relatable!! He seems to be doing great and is definitely happy! Good for him I wish him and his fiance the best in their future endeavors! 🤗

[@SomyHeartcanBeat]

Loved this one! Great person and wonderful story! Millennial money keeps getting better and better! :)

[@AmberRen]

This has been one of my favorites in a minute! Rooting for Jon and all the positive things Jon is doing for advancing Jon and other communities! 💕

[@merrills8984]

God bless you! You've done a great job! Boston is expensive. I live just outside of Boston. It's expensive. I was single Dad here for years. I did manage to pay 100% for my daughter's 4 year nursing degree. You just have to stay focused as you know. Keep trucking!!!!!

[@abbyc.4215]

Jon and I share so many similarities and I just love seeing how he is thriving and is living his best life. And the way that he describes how it feels when transferring a large amount into his savings account are my thoughts exactly! Definitely euphoric! Also, I can’t wait until the boyfriend comes along so some of my costs will decrease to 50% too. Would be a huge perk!

[@Fredy_The_Yeti]

He's not living on 60k. His fiance is employed, even at minimum wage, full time, they'd be making at least 100k

[@tracy_cakkes]

I’m always impressed by people that can sign I don’t know what it’s like to grow up with a blind/ deaf parent but I feel for him

[@shantralarharris2893]

Its definitely not easy. I have death family members so I learned to sign and read lips.

[@ciel222]

He is doing GREAT , he is taking actions and he is moving forward .👏👏👏 I wish him all the BEST.

[@eliskacharlottew.2408]

Really liked this interview! Such a fascinating life and cool to learn about the ASL/ new business venture!

[@mkite715]

Dude cut up the cards and get back on Dave Ramsey’s plan! Pause all saving and investing, put $1,000 aside for a starter emergency fund and throw the rest of savings at the debt using the debt snowball method, then raise your emergency fund to 3-6 months of expenses and leave it there. THEN start investing 15% towards retirement and saving up for a house. The baby steps work every time if you do them in order. I paid off 40k in 14 months and I don’t make some crazy high income. Today I’m debt free except my home, have a six month emergency fund, and I’m putting away 15% for retirement. It’s an amazing feeling.

[@LASTROUNDED]

I recently discovered the Millennial Money Videos! Wow I absolutely love them. I look forward to each episode. Another great one! I think it would be great to be on one of these one day.

[@hotchocolatefitness]

amazing work jon and loved learning about his background. reminds me I need to get better at sign language.

[@TerraAcox]

"The best thing about dating someone is everything is 50 percent off" - are you me?

[@jussmelisahhh430]

His story was very interesting and I’m glad things are aligning for him. 😃I love a good Boston story too.

[@paolabueso]

Jon has such a great personality! Love this episode. Thank you so much for sharing this! 😀🙌🙌🙌

[@jdthompson4197]

Me not waiting or caring for what any of the millionaire finance youtubers have to say about this.

[@maketheworldwonder]

Yay finally someone from Boston made it! I see so many familiar landmarks. This episode is so unique its awesome. Love the frugal millennial mindset: "everything is 50% off" when you are dating LOL.

[@AlpacaAlix]

I LOVE the videos made about regular people. I would love more videos covering those who make less than 6 figures a year!

[@roxettereinoso6858]

Definitely in the right track. Nice episode!

[@cookingthebooks901]

Decent and really smart guy. Keep up the good work.

[@williealexander2811]

I am not a millenial, but I went to college in Boston in the 70es at BU.I lived in the Longfellow at 512 Beacon St and the last year i lived on Saint Botolf st, both in the back bay. I have not been to Boston since 1979. Pizza at the crossroads on beacon street was 2.00$ for a large cheese pie.

[@Abi-hx1qr]

The Dave Ramsey mention is so relatable. 😂😂

[@youtubespectator669]

4:48 ugh, and me dating a girl, everything is 200%. Girl: Do you want ramen? Me: No Girl: I want ramen and you must eat with me. Bank Statement: why does this guy buy two of everything?

[@swicheroo1]

Everything is 50% off when you're LIVING with someone. Most people date and don't live with the person.

[@solidaritygirl]

most gen z/millennials are gonna have roommates they split rent with but not fun things like food and outings.

[@vitsboy46]

You all got to Smash that like button before Graham comes

[@Sam11747]

Makes $700 to $1000 a month from Patreon, spends $810 a month on marketing and employee expenses. That doesn't sound like income.

[@ToddBaldwin]

You're awesome. Keep up the great work!

[@bigpap90]

He could have just cursed me out in sign language and I wouldn’t even know 😂

[@Libra8410]

Thanks for sharing Jon 🤗

[@lowrollerscratcher3563]

This guy need to make a KZbin channel than Tiktok channel

[@berksarioz969]

Coffee part, I feel like he watched Graham and fixed his coffee spending problem 😁 But happy to see he's doing well with other stuff as well. Greetings from Medford.

[@booooooooooooooooooooooo]

I got 0 in my chequing account. RBC in Canada lets you have unlimited deposits and withdrawals from your savings. So since we use credit card for everything these days, chequing accounts are pretty useless to me now.

[@makemoneynow5061]

As always, quality videos right here!

[@Ground-Spam]

Why would you not purchase plane tickets on a CC, that's literally its best use. The CC generally give the best benefits for use with travel. If you don't have a CC that has free transactional fees, its actually better to use cash when you are in different countries.

[@TheKoolioz]

This is a really good episode.

[@Indigololz]

How does he save $1,800/month but only have $17,000 in Savings and $19,000 in Student Loan Debt? These videos would be far more relatable if they showed realistic break-downs of the budget, not the best case scenario.

[@tracy_cakkes]

Maybe he just started saving in quarantine?

[@ashleyrahn2776]

He's only been saving since last November when he paid off his credit card debt. And the 1800 includes his 401k. They didn't mention how much he has in investments.

[@OrangeOranges]

Also inaccurate if his pretax income is 60k. You cant possibly take home 4456.00 a month on a 60k salary after taxes. Not sure how CNBC did the breakdown at all.

[@patty221]

@@OrangeOranges he mentioned he had patreon income they added on

[@OrangeOranges]

@@patty221 still, if it's added and accounted onto that pie graph, then his pretax would be higher than 60k making the video title inaccurate. 4.5 take home is close to 100k is all I'm saying. Not arguing!

[@tracy_cakkes]

He’s doing amazing! I hope to get to that level with side hustles. I’m also studying for my license You don’t have to have one to be an investor but it could help. Good luck Jon!

[@FinancialShinanigan]

This guy is going places!

[@sutats]

What a real and lovable guy.

[@d3r3kyasmar]

I have high respect of this person. Thank you. You made me inspired.

[@umairahmad4711]

Graham enters the chat

[@Kyle-kr8ed]

Wholesome video. Bravo to this guy and to CNBC

[@ToopidPonay]

I’m in one of those relationships where everything is 50% off. 👌 It’s awesome but I realize not all couples split their expenses equally. If you and your partner can and are willing to do so though I highly recommend it!

[@doriankithcart]

What a story! Also, am I the only one that looks at the budgets and try to recreate the post tax math lol. I can't get it to match up

[@laurenilysemusic]

Aw love this! From the outside scenes with the green line background, it looks like he lives down the street from me! I'm also a vegetarian and am taking real estate classes on the side! Hope we run into each other someday lolol

[@reetushah9151]

Great story and perspective!

[@rajgami8893]

Graham will gonna love this

[@planetChristie]

You don’t need a real estate license to become an investor. You can pocket all that money just by starting your own business in invest property. I had one and realized I didn’t need it and I didn’t like splitting my money with brokers.

[@lightinutopia]

LOVED THIS!

[@PierreMiniggio]

Graham will love this !

[@tedoymisojos]

This channel is great, wish I had found it sooner

[@oco987]

I need to get it together and start my side hustle

[@carrielee1624]

Jon and his fiance are goals

[@expertojordigg]

Respect for this man, I wish him the best

[@TheKrystolMethod]

Everything is 50% off. I love it.

[@UFCReno]

The best feeling is paying off that 5k in debt I know that feeling, when I put 10k towards my student loans it felt so good to not pay Money out anymore!

[@missn2021]

Really loved this. What an inspiring young man.

[@kailalannan170]

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[@P0k3D0nd3M4cG]

Dang son, I should have just learned ASL.