Living On $280K A Year In Metro Detroit | Millennial Money

Alex Pardoe earns $280,000 a year as a hairdresser and salon owner in metro Detroit. The 25-year-old isn't afraid to splurge on big purchases like Louboutin loafers, a custom Mercedes G Wagon, or Birkin bags from Hermes.
Read more about Alex's budget breakdown here: cnb.cx/30HFKHZ
This is the latest installment of Millennial Money, which profiles people across the U.S. and details how they earn and spend their money.
Alex moved to the Detroit area from Virginia to attend cosmetology school, first working in a major salon chain and earning $30k a year. After using Instagram to show off his work and offering influencers free styling services in exchange for publicity he grew his income and a roster of loyal clients.
In 2017 Pardoe opened Aesthetic Hair Co. with two partners. As a salon owner he earns around $190k from client work, $50k in tips, $30k from teaching other stylists at the salon, and $10k from his product line.
His largest monthly expense comes from leasing a Mercedes Benz G-550 for $2.2k a month and financing a BMW i8 for $1.3k a month. Pardoe also spends nearly $700 on premium gas and insurance for the cars.
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Living On $280k A Year In Metro Detroit | Millennial Money

[@CNBCMakeIt]

What’s your budget breakdown? Share your story with us for a chance to be featured in a future installment. cnb.cx/32TYZ2K

[@ladybug12627]

CNBC Make It. Royal oak is not Detroit, it’s like a 15-20 min drive outside of Detroit. He does not live in Detroit, Detroit is a city by itself, royal oak is a city by itself. People trash Detroit but always say they live in Detroit and they don’t lol this is asinine. And I’m a real Detroit citizen.

[@elijahshort1590]

Please, explain. Is it just me who is wondering as to how I know so many black women with hair salons making WAAAAAY less then he is making. Like, am I just confused or am I just not seeing things correctly . . . (I'm assuming there are hair salons in Detroit and they don't make THAT much).

[@juliav8824]

retire at 50?? Boi you could retire in 5 years if you wanted to. Just gotta learn how to cook and ditch the cars

[@XKillerX25]

You mean girl

[@vickikendricks]

But she's right...

[@jazmynesimon7746]

She said what she said

[@adaezenjoku7527]

@@XKillerX25 he's clearly a guy...

[@devchatterjee9642]

He could retire in 50 years but he’s after a lifestyle that is much more extravagant. That is fine although and that is his taste

[@sabrinatatalias4277]

Bad spending habits...but i gotta say he's very successful for a hair dresser/ business owner

[@amylieu6084]

Bubba is the man! He is happy and rich.

[@DestinationJapan95]

amy lieu rich? Lol not even close. He makes 280k a year but is only left over with 36k after wasting it all

[@adazgirl]

Tbh as a hairstylist and business owner this was perfect for me, showed me what not to do and how far I can get in business. Imagine taking those tips and opening a new store, or investing back in busines

[@christopheralvarado4544]

@@DestinationJapan95 With a 280k a year salary, a person could easily become a millionare in ten years.

[@carlkrikorianck2]

Should be titled “how to blow 280K a year”

[@mangumangoo]

I think his friend pays rent with no strings attached.

[@kocoaberry7041]

It does not sound like he's blowing his money. He's living his life which he has the right to do. he's a young kid. he does have a savings plan in place and he is working incredibly long hours.

[@NJayEzzy]

😂 this is dumbest I’ve seen in these millennial videos

[@JohnnyJohn12503]

@@kocoaberry7041 He is leasing a g-wagon, has 8 25k bags, credit card debt... He is living above his means, hopefully his business keeps growing to sustain it.

[@haute03]

@@kocoaberry7041 You can reward yourself without blowing all your money. He's spending way beyond his means.

[@leeliu5182]

if I made that much money in Detroit I'd buy an empire of properties

[@EvelynDHaene]

That’s exactly what I’m doing

[@ladybug12627]

Royal oak is not Detroit, it’s two different cities. This video started with lies lol

[@honestcomment862]

@@ladybug12627 In fairness he said outside of Detroit in the video and if you're being technical, Royal Oak is in METRO DETROIT, which he also said in the video.

[@Skillseboy1]

Who spends 2500 USD a month on food? I couldn't spend that much on food if I tried.

[@user-tq9ep1oz6o]

Robbe Nagel probably he buys most of his meals outside. Say 30 dollars every weekdays and fancier meals on Saturday or Sunday.

[@marias420]

Eating out/delivery charges add up. Say every meal he orders is ~$25, add fees and taxes for ~$35 and maybe he gets at least 2/day - that alone is $2100 for the month. He could also be ordering for his boyfriend and/or friends.

[@saulgoodman2018]

I do like half that a year.

[@beatricerights]

He says he orders for everyone in the salon.

[@kellz6266]

he does. it shows too lol, especially when he was wearing the track pants with his shirt tucked in.

[@watchfalcon122]

Saves $36k/yr on $280,000 income and thinks that is aggressive lol. You do you dude...

[@R1IRL]

The G550 at $2200 p/m is just crazy IMO. Such a clear way to improve matters is ditch that car, boost savings to $4000 p/m, which is still low relatively speaking, but moving in the right direction.

[@musacpuerto]

10k on insurance and counts it as investment

[@Abel-dw4ry]

keyword retirement saving for ira, that's very aggressive

[@littleNica98]

@@musacpuerto LMAO RIGHT!?!? I WAS CRYIN

[@hassankhan]

What should he be saving on his $280k income? Is there a certain benchmark/guidelines?

[@nataliemorze775]

He’s not wealthy enough to be spending so much. He’s putting a very small percentage of his income into savings.

[@d3r4g45]

Just 2k. Earning 300k saving just 24k..

[@CassRudolph]

He’s investing in bags and designer goods that can be resold for more than he paid, prob more than he’d make in interest on a savings account however he hasn’t explicitly said that’s he’s plan so who knows

[@synecdoche8783]

@@CassRudolph designer items have low resell ability like any other item, the brand appeal of high end goods is its new, used goods lowers its mark up by 50-60%

[@CassRudolph]

@@synecdoche8783 Not Birkins, those can go from anywhere between 80% its purchase value to 25% above its purchased value depending on how rare the bag is.

[@ykx777]

@@synecdoche8783 that is not how high end goods work. Birkin bags appreciate as well as some expensive cars, albeit not the cars he has.

[@amylieu6084]

He spends more on food than rent lol

[@StardollCheated]

he's probably never cooked a day in his life lol

[@amylieu6084]

@@StardollCheated I bet he made Mcdonald's stock go up 10 percent this year.

[@Chironex_Fleckeri]

He's a fatass

[@egyptiansushi]

@@amylieu6084 mcdonalds would cost a lot less than $80 a day

[@igo0di]

He thinks like a poor person. Rich people invest consistently to increase wealth.

[@erickvalerio1917]

igo0di he need to 10x his life with grant cardone

[@czar2074]

Exactly

[@TheActiveAssault]

Kylee Lee no excuse

[@amylieu6084]

WHY you hating on my boy bubba??? Maybe he enjoys his wealthy unlike stuffy rich people.

[@elisscaliving5864]

How you know he don’t

[@najmussaqib7542]

50000 in tips. Let that sink in for a moment. 😐😐

[@MRJMXHD]

@treezy Americans see it as a culture.

[@kniefi]

That is more then many make per year in their normal jobs!

[@kniefi]

He really should save ALL of his tips! Invest and have a widespread portfolio...

[@akutenshi6946]

@treezy it's becasue employers don't pay minimum wage as long as it's covered by tips. Also, a lot of employees actually prefer the tips over minimum wage since they make more money that way. But I agree with you, why should I give a tip to a stylist? For not chopping off my ear????

[@SanjacPr0ductions]

@treezy Yes, but the food would then be more expensive if tipping wasn't something people did. They pay their employees below minimum wage. So in reality you'd be paying 15% to 20% more regardless, if tipping wasn't a thing... No need to be outraged.

[@catherinebenton3637]

he makes 280K but still rents. Boy buy your house

[@samuelshao2688]

When you young it's better to rent and save up for a bigger house

[@kevintyson2937]

@@samuelshao2688 He lives in Detriot with that salary. He has the money to at least buy a 2 bedroom townhouse...

[@samuelshao2688]

@@kevintyson2937 yeah but do you rlly wanna buy a house at 20 and then live in the same place for the next 60 years you alive?

[@N4K3DN1NJ4]

@@samuelshao2688 that makes no sense, when you want to move, you sell and usually get your money back. Renting gets you nothing but a slightly cheaper monthly bill. Property usually increases in value, not decreases like those cars he's spending on.

[@samuelshao2688]

@@N4K3DN1NJ4 not in Detroit...a city KNOWN for it's low and crashing home values

[@dangeles95]

Wastes his money on liabilities and no assets. 🤦‍♂️

[@sciencebitx]

To be fair, his business and his product line are assets.

[@dangeles95]

@@sciencebitx I've never heard of his business or product lines. all he pushes are high end designer brands....

[@dangeles95]

@@sciencebitx but he isn't diversified at all. he has $4200 in car payments (read liabilities) and only $1800/mo in savings as "cushion"? this video is glorifying what rap has already been pushing....the horrible idea of looking rich, which completely undermines the ability of actually being rich....

[@ek07305]

@@dangeles95 My man! You nailed it.

[@sciencebitx]

​@@dangeles95 You said he has "no assets". His store and his brands are assets. From what I remember in the video, the majority of his income is from his services he provides at his store. Was not disputing his diversification, lack of savings, and debt.

[@MechPaul]

He's making the assumption that the gravy train will never end. It's going to crash and burn for him if he keeps up that level of spending without more saving.

[@fieldofdreams1986]

Thank you.

[@TomoyaKun100]

What I am seeing on how much they end up spending is just sad. I kept getting angry slowly as the video kept going on...

[@iexposehackers1048]

I would just learn how to day trade

[@kcroeder]

Paul Ambroso preach

[@1bwash]

He doesn’t need to worry, he owns his business. It’s just it’s dumb to spend on these flashy items when he lives in the Midwest of all places.

[@AshleyRey]

Would love to see an update on his life during COVID-19...

[@anamariadorofte1559]

Haha same

[@kaylee660]

😂😂😂

[@planetChristie]

Lmaooo facts!

[@Painandgain943]

Lol

[@nataliewongg]

They just did!:)

[@Someone-hv9zz]

Lottery winners spend uncontrollably, crash, then burn, and this guy is doing the same with his lottery in life.

[@armistice2358]

Can't agree more lol. Want to make a million a year and it doesn't seems hard. We'll I tell you what. WITH HIS SPENDING HABIT ITS IMPOSSIBLE. Before I watched this video I had expected him to be more financially literate.

[@mrconfused100]

except lottery winners got their money with luck and dont have any skills. this guy obviusly desrves his money since he earned it

[@calamitous9855]

mrconfused100 Having worked for the money vs lucking out and winning it has nothing to do with their point. You can still be financially illiterate either way

[@ericwong2571]

Stop being a hater.

[@Someone-hv9zz]

Eric Wong You aint my mom dont tell me what do do with my emotions

[@DrCliffAuD]

At this rate, he will work until he dies. You can't spend significantly more than you save and still retire early.

[@yoleeisbored]

There's an update video

[@Threeanimalshow]

Dude, 1/4 of your whole budget on car payments. Not saying you can't drive nice cars but maybe just a nice beamer. You make 280 but you spend like you make 2.8

[@samwilliams6679]

Even driving one of those cars wouldn’t be too insane. Or driving them both and putting more than 1300 away in non-retirement accounts by cutting back on food or designer bags. Those car payments will probably last longer than the whole time he’s been getting paid over 100k so far.

[@wreckemtech165]

*Remember the only person you should be comparing yourself to is the person you were yesterday* 😊

[@SoHappyInMyShower]

Yeah, of course. But then you find out others do much better than you are. Usher sings: "I can't stop, won't stop."

[@ki6eki]

$4k in cars?! Damn this guy will be broke by 35

[@SupremeChief1]

S And it’s a helicopter

[@ShidaiTaino]

S And how is he transgender

[@cinderea]

S And how do we know it’s a she? I couldn’t even tell it was a she. We should use non-gender pronouns to identify people. Saves the stress

[@vaclemor102]

@@yat1898 No its a he cause you cant go from women to men or men to women its not possible.

[@GottaGoFastr]

GamerVaulter You actually kinda can since you can be transgender.

[@IAmRocketMan]

Graham Stephan was pulling his hair out at this video lol

[@Hunter-lr8ug]

This guy spends more on car leases than he is putting away in retirement funds/investments and he thinks he will retire at 50? Good luck man. If you are burning money that fast, you need to be saving much more.

[@coleb9410]

He expects to increase his income

[@MrWizardjr9]

maybe he just want to live like this temporarily

[@flakgun153]

The math checks out. He can retire at 50 and get $250,000k a year to spend in retirement, assuming his income doesn't grow at all. And it probably will.

[@Doors067]

Some of his stuff will have some value also. Probably owns 100k in clothes which could increase or decrease over time

[@dekelogan7691]

This guy will be exhausted and broke at 50, and there are MAJOR MATH ERRORS in his calculations. He is totally overspending on his lifestyle

[@pickleballdump]

According to the CNBC Make It blog post for this video, his expenses are over $140k/year. Depending on how he's filing his income taxes, his take home income after taxes owed could be somewhere around $185k. This means he's spending over three quarters of his after tax income 😨

[@dekelogan7691]

You can't eat a burkin

[@bunnie1294]

@@pickleballdump He puts 1800 in savings a month though so in reality he's spending 160k a year. But yeah he spends way too much money and his savings will pretty much be all used to pay taxes at the end. Though as a business owner, he can get away with not paying a lot of taxes.

[@ybmb1121]

Deke Logan he can sell them when at a crunch. Most Birkins hold its value and also appreciates.

[@dekelogan7691]

That's what they said about beanie babies, too. Learn finance - skip depreciating assets.

[@dankneeluck]

I can't judge him, he sounds happy with his life. I would do things differently with that bidget but he can live his life however he wants to.

[@aisidapatrick2781]

He makes 280k per year and he didn’t save for a house 🤦🏾‍♂️

[@FelipeMartinez-bd8zr]

Aisida Patrick “she”

[@Someone-hv9zz]

Xe

[@isweatglitter5809]

Living in Detroit I wouldn’t look at buying a house a solid investment. Owning a home isn’t an asset all the time.

[@aisidapatrick2781]

iSweatGlitter It’s not a matter of investment. Just have your own house that is the main point i’m trying to drive at especially with that amount. No more rent.

[@isweatglitter5809]

Aisida Patrick home ownership is not for everyone. He’s young. He want to move and not be tied to a mortgage. I did home ownership when I was younger and I wanted to move and it’s not as easy as breaking your lease or waiting for the lease to run out.

[@anthonymarquez6493]

Why I am worried about his finances more than my own?

[@mso008]

He needs Dave Ramsey in his life. What a way to spend so much money on bollocks he doesn't need. He could make that money work for him.

[@nat5112]

mso008 imagine him calling in to Dave! Lol 😂

[@henrytep8884]

It's actually better for the economy if the wealthy spends. Money circulating is the bloodline of the economy. Now, if you're making less then 100g per year, staying out of debt is#1.

[@ZayingIt]

lmao, i was thinking about this through out the entire video especially when he mentioned the care payments. I was like “yikes ... 😬”

[@amylieu6084]

no he doesn't He has a positive net worth. Dave Ramsey is for people who have a negative net worth and made bad financial decisions. He just spends most of his money instead of saving it.

[@amylieu6084]

@@henrytep8884 Exactly, bubba knows what he is doing!

[@saulgoodman2018]

Lots of wasteful spending.

[@cinderea]

Lord Ba'al can literally leave on 70k save 160k per yr and buy a home instead of renting and giving out 3k per month

[@osksroo3021]

Its his money, if you had that money you would do the same lets be honest

[@saulgoodman2018]

@@osksroo3021 No I won't. I can easily live on 25% of that.

[@bh3326]

If you make what he makes then you’re qualified to speak. Otherwise, shush

[@saulgoodman2018]

Bryan Hoang you do not know how much I make, so why don’t you shut up.

[@juliav8824]

100k doubled every year since 2016 is 100*2*2*2= 800k. But I guess you don't need to know math to do hair..

[@APARAJITMUSIC]

I think he meant 100k in 2016 and plus 100k in 2017 and plus 100k in 2018 as its 280k lol

[@ShannonSoSweeet]

APARAJITH C I was just about to comment this...

[@ykx777]

he said almost doubled

[@umbhacanga]

Almost Almost ALMOST!!! Listen and stop hating!!!!

[@MrMiniPancakes]

Julia V you’re a moron

[@geocyo8835]

How he spends his money is his business but I was disappointed to see his lack of diversified investments and senseless spending.

[@soundmixerporter]

I can't wait for the follow-up video. "How to live on $280/yr on the streets of Detroit"

[@beetlejuus]

Any man who can make 280K in Detroit (without moving weight) is someone we can all learn from.

[@traceford4904]

1:35 I've met several older folks who talk about their earlier days when they ran a business and made so much money and how they lost it all only to end up at Target or Walmart. They never went into detail but I'd imagine this is probably what some of their budgets looked like with no to barely any slot for saving and retirement. Pretty sad.

[@FoamandStuff]

He should really invest more and think of ways to expand the business like opening more stores, but he deserves respect for all the hard work he’s put into having a successful business. Not easy being an entrepreneur but way more fulfilling than working for someone. He deserves his success and the rewards that come with it.

[@sofiareis5568]

you're doing great but here some tips: ° don't waste so much on cars. It's to much. °Start cooking more. You're so proud of accomplishing that platinum uber card, but keep in mind that they're even more excited. you're not the winner here, they care cause even if the card comes with some advantages for you, those advantages are only there cause uber is making way more money with you having that card. You should really hire a financial advisor or something if you want to retire that early, cause right now you're doing amazing but you don't know the future. And saving money in the bank, even if you don't like it its important.

[@Junaid-khattak]

He make 50 k in year only in tips and I make 36k year what a shame on me

[@Regina.Clarke]

Junaid Khattak Just motivation if you need it my friend...no shame. He probably opened a place up where there was little competition.

[@nofood1]

Well are you a barber? cause barbers get a TON of tip after every client, and some clients give way more than others, and if you have a celebrity or rich client just one tip could pay half your rent

[@1bwash]

He makes all that and probably pays his employees dust.

[@joeshon1]

@@nofood1 The majority of barbers are not lucky enough to have a celebrity client.

[@joeshon1]

No shame at all. Your salary does not define you.

[@TheKayleeanna]

So he's young so that's the reason he's being a bit wild with his money; hopefully that will change as he ages. He does need to save more though. He is selling a luxury not a necessity so a bad economy could bankrupt him. Kudos to him for taking control of his life and making money at a young age.

[@IReapZz95]

why don't you take a good vacation instead of spending so much?

[@joshn2342323]

Because he has a business to run.

[@IReapZz95]

@@joshn2342323 So? I have a business to run too and I still take vacations otherwise you burn out. If he isn't able to have these breaks then his business is lacking some infrastructure. At the same time, he is also in a service based industry which is known for the limited and difficult scalability, as well as, the importance of customer service. This probably doesn't allow him to trust other people on providing that same quality service during his absence causing a vicious cycle effect of constantly needing to work without being able to reduce his responsibilities

[@woodycoat]

Because the $280 is a f'n lie

[@diamondz4lfye313]

A lot of people are saying he’s stupid for spending that much money every month but hey that’s his motto. He said in the beginning that he doesn’t want to die with a lot of money in the bank 🤷🏾‍♀️

[@WakWak313]

Ermm Royal Oak is NOT Detroit... Uuuuhhhh this is cringy and painful to watch. So much waste and he wants to retire at 50? With the same lifestyle? Get a better financial planner.

[@honestcomment862]

You make some valid points. But, FYI the title does say METRO Detroit as in metropolitan Detroit area. Wayne, Macomb and Oakland counties which Royal Oak is included.

[@marvinstrong9374]

Royal Oak is definitely a suburb inside of Metro Detroit. Outside of Southeast MI... all of Metro Detroit is "Detroit" to most people.

[@julieusername]

Love this series !! Keep it up with the videos

[@UNYQUE707]

So the Jeffree Star of Detroit basically

[@curlyhairdudeify]

Not the Jefree Star of Detroit. The wanna be Jeffree Star of Detroit if you watch a video of Jeffree Star and his bags. You will understand how smart he is, he calls his spending money "play money" that it is nothing compared to what he is making. He has a bunch of other business besides make up.

[@Kloutkulture]

190k from clients....NO WAY

[@MoustafaMagdy0]

KloutKulture 50k tip!!!

[@ncramz1662]

Probably gets a cut from all the other stylists since he owns the place. So yeah 190k from clients but not all his clients

[@Kloutkulture]

NCR AMZ that makes sense

[@joeshon1]

In places like nyc and LA you can make more as a top stylist. Granted he is in the top 1% of his profession and the other 99 is making nowhere close to that.

[@TrainWithQuan]

Very motivating thanks bro!!!

[@seanbarnes9550]

This video is strictly for the comments and reactions lol they knew y'all would get a kick outta this

[@daniel-vq6kf]

My father makes 3.4 million on one company a year then has a real estate one which I don’t now the income of but his most expensive car is a Ram 2011 1500 truck he bought for 7 thousand at an auction it had no front and he fixed it for 3 k and he’s happy damn

[@petrosk1034]

Hahaha your dad is awesome! That's the way to go

[@Benjamin-jq9wn]

r/nobodyasked

[@lilmrscutsie4524]

so why did he work so hard for??? so you and your siblings can leech off his wealth when he dies?? is he frugal for aeshetics?

[@MrWizardjr9]

@@lilmrscutsie4524 maybe hes not a car person

[@lilmrscutsie4524]

@@MrWizardjr9 that wasnt the point of his comment. the point of his comment was to show how frugal his dad is. i just want to know WHY hes so frugal.

[@BagsNBaguettes_327]

Too much wasteful spending for the bank that he’s making, then again, he’s 25, when he’s 35 he will change the way he does things.

[@FaithandNova]

Or get worse, he's already ahead of the game for most ppl his age and still spending badly.

[@raination6668]

This dude is literally making 50k a year just from tips

[@radhikapatil1986]

Seriously I was shocked too

[@IllinoisTrafficAttorney]

I would hope so. He certainly not being paid for his money management skills

[@mikeb4471]

When you have celebrity/rich clients it makes a lot of sense. They’ll tip you 100-500 dollars just cus lol. Also, live around white & Hispanic people. They tip pretty well. Black and Asians sometimes tip but Indians rarely tip. Ugh

[@Palpatine4Senate]

@@mikeb4471 Making generalities based on race?

[@xxrkg8437]

@@Palpatine4Senateyeah why not

[@kellz6266]

1:17 uhhh i think you got your math wrong. if you made 100k in 2016 and it's almost doubled every year after that, then you should be making 800k this year.

[@FaithandNova]

He needs to take a financial money managing course

[@tessellationarts2971]

I guess you don't need to know math to do hair.

[@kellz6266]

@@tessellationarts2971 haha i guess not. 2+2=hair in his book.

[@cryptelligence]

BUSTED. You can’t contribute to a Roth IRA when you make $280k a year. 🤓

[@keronfarrier2198]

Lol

[@joeshon1]

Correct. However, he is definitely not reporting all his earnings. As an owner of a small business, he receives a lot of cash, also much of his tips are prob in cash. On top of that, he is has his own company which is prob in the form of an S corp or an LLC taxed as an S corp. He would draw a salary and the rest would be corporate profit bringing his taxed income below the threshold. Not to mention all the expenses that he can deduct against his earnings. 280 k is what he might earn but it sure aint what he's reporting, na mean?

[@brooklynsveryown1769]

Lol that's why people gotta keep quiet

[@911madeinamerica]

This is fake

[@adefemitaiwo1097]

Wrong. He can contribute by doing a backdoor Roth. Easy and legal

[@eddiexpharo]

Love this video. You are treating yourself and what's wrong with that. And you talk about how you are saving for your retirement. So good for you. Haters gonna hate. Do your thang girl!

[@mika8145]

3k per month for savings/investments "pretty aggressive", and spends 2.5k per month on food delivery. Bruh...

[@rayhanes1347]

Guy has more purses than my girl.

[@jaylovespti]

🤣🤣😂

[@gamerswag2752]

You know, good for him for being him successful at a young age. I hope he continues to grow his business. I mean would like to see him save and cut back on cost but you should live while you can

[@veganbeth]

If he’s the manager, why does he accept tips? I was told by a manager of a fancy hair salon that it’s customary for managers to not accept tips because they own the salon and make money on every transaction.

[@beatricerights]

love this series

[@jasfeliciano]

77k in checking?!?! 😳

[@karammm]

Jasmine Feliciano wait. I don’t see what’s wrong with that. Where else would he save the money?

[@euenfheiejrj]

Kelly Park a good interest earning money market account.

[@SN-hn9zi]

Kelly Park high yield savings or IMMA to compensate for inflation.

[@karammm]

@@euenfheiejrj what if the market doesn't do well and lose money instead? Can I know more about this good interest earning money market account? I genuinely want to learn.

[@karammm]

@@SN-hn9zi cool. Where can I find more about this?

[@greatman05_CCJR]

This is an amazing video. As the President and Founder of the I.T. General, LLC in Detroit, MI, I'm working on making 55K/year, which is what I made working in I.T. as an employee. I'm about halfway there. This is an extremely eye-opening look at how hard I need to hustle to double my income.

[@drjonathanrama]

Great video!!

[@deelynnpowers1668]

Give him a spin off, I can’t stop watching

[@ninelspassionforfashion9289]

He has his own KZbin channel

[@jamalbussanut]

as soon as i saw the gucci sweats i knew i wouldn't like this guy lol. i know sooo many people my age who make 50k a year and buy 800$ pieces of designer clothing... i guess common sense isn't so common

[@IllinoisTrafficAttorney]

Not to mention that designer crap is garbage. I want to Lord & Taylor just to see what it was like for their shoe selection. Nothing but cemented garbage. No craftsmanship. No Quality Construction. It's just the same garbage would see that Payless Shoes but a hundred times the price

[@lilmrscutsie4524]

let him live his life?? what else should he do with his money? yea he should save a little more but he should still have fun. especially since he doesn't have any children.

[@lauravaleria]

Honestly we need a video on how this guy being a hairdresser makes that amount of money because people don't like to pay what we are worth

[@Justin-fx7mr]

BeautyCoachGirl💄 yes I’m curious how much he charges and how he does it

[@maheraxo]

OMG I LOVE THISSS. Im in cosmetology school and this is such an inspiration!💕

[@Shave-ice]

This guy spends my whole salary in a month wtf! That’s motivation for me to better myself financially

[@SPIIIVA]

The guy knows how to hustle!! God bless him! He said it in the beginning, he never wanted to die with abunch of money in the bank. Looks like he’s living HIS life.

[@niksio4331]

Dude leveled up financially for hard work, so dope! All the best and hope you keep prospering every year 😁✊💯

[@SimpleSuzie123]

This guy is doing better than most doctors

[@oneyearvisa]

His wild spending is singlehandedly saving his local economy. God bless his insane version of charity. Modern day Robinhood! Full power!

[@orlandobrown8190]

He lives in one of the richest counties in America. Do you think you can make $50,000 in tips just anywhere doing hair?

[@empirestate8791]

Something's wrong when people are splurging this much on hair styling ...

[@Valeria_Silva]

Thank you for sharing Alex!! Your doing badass!!

[@neghiethervil5606]

"I'm not a national average." Lol! The shade of it all!

[@enneirda07]

Whew chile, life is gonna come at you fast.

[@moonshadow941]

This just shows how financial education is so important and should be a compulsory thing taught in school. Even people with wealth dont know how to manage their money properly

[@goodnight3663]

are you wealthy?

[@fit4qoltrainer]

Love that you are so passionate about your work! Best to you!

[@markfairman162]

Congratulations on your success! Great to see

[@mannyjeanpierre4062]

Well he earned it so he gets to choose how he spends it. Congrats on the successful business

[@mansibhandari3257]

Acc. To me u should think abt buying house instead of using (wasting)money like that Just personel opinion

[@mansibhandari3257]

@@nayten1294 sry if a spelling mistake bothered u that much

[@FaithandNova]

@@nikg8310 you're joking right? Most billionaires made their money in real estate 🙄🙄

[@mansibhandari3257]

@@nikg8310 lol 👍

[@bernimartinez2177]

@@FaithandNova Thats just factually incorrect. www.forbes.com/sites/willyakowicz/2019/03/09/how-the-worlds-billionaires-got-so-rich/#826de756ae6e

[@pamelakilgore7836]

Very proud of you for your accomplishments. Pamela in Detroit Michigan

[@steaktastebetterpill]

The most mindblowing thing about this is how much freaking money those women are willing to spend on their hair. Wtf. I go cut my hair for about 50 dollars once every 3 months and I think that´s more than enough money put in hair.

[@kmatic1981]

His salon is in Oakland County which has ALOT of rich/wealthy/well off people.

[@tarotableguidance]

I'm so cheap, I learned how to do my own hair via KZbin 🤣

[@brennancarr2611]

@@tarotableguidance sounds frugal to me, not cheap

[@bgdrewsif]

Well, I'm a guy so I just have a pair of clippers my mom gave to me 10 years ago... I haven't paid for a haircut since I came back to the United States in 2011... but I drive a 2016 Mini Cooper... *priorities* I cannot fathom blowing through cash like this guy though... If I had that kind of cash flow I'd be maxing out my 401k and IRA contributions and buying a home... not fracking 1200 sweat pants and hideous purses that cost a fortune but were made for pennies in China... this video is the reason my parent's generation looks down on the Millennial generation...

[@archiebunker868]

Honestly he's killing it at life - you can't teach entrepreneurship. However, I hope this Coronavirus would be a wake up call for him to save

[@tdsora]

this is the kind if make it video i want to see. high income and reckless spending. away with the snoozefest boring savers

[@MarkWhiteartist]

I’m living for this.

[@michaelslavin1615]

I make 65K and save 1,500 a month he originally said he only puts $2000 a month away for savings that’s crazy!! He could retire in at age 40 and live comfortably if he wanted too.

[@armistice2358]

He can retire in 5 years if he is financially literate. But his worst of in handling money than almost all Middle class families.

[@czar2074]

280k before or after Tax?

[@konye618]

His car expenses make me want to throw up. I can't even imagine how much debt he has accumulated

[@irfanalikhan56]

Kudos to you. Nicely done!!

[@AndySaenz]

He spends almost $2K a month only on rent? I can’t imagine how expensive it is today!

[@theoreticalphysics3644]

Actually that's basically rent in every metropolitan area now almost.

[@joyfullerton8841]

birkin in a birkin

[@arthurbarbosa5825]

He makes that much and doesn’t pay for his cars with cash 🤯

[@Live4Revenge1]

please tell why you think that is a good investment?

[@NotGahruvey]

Live4Revenge1 he’s gonna end up spending more on both of those cars.

[@Live4Revenge1]

David Crook he leased one so that doesn’t make any sense. The other he could have invested the money and made a better return than the interest he paid on the car. So that doesn’t make any sense either

[@JOETERRANY]

Love this series

[@tswaledihlakudi]

This guy is hilarious 😂🔥❤️

[@korrze]

Dang. I’m a full time video editor and freelance videographer and I make about $25k after taxes/insurance/benefits...

[@scarypeanut]

Any tips on how to develop skills in video editing?

[@juddsplatoon]

You BEST be tipping all those delivery drivers!

[@grod805]

We need more videos like this.

[@jaydubya9265]

My face the entire video: 😲 I aint mad though. Do your thing lol

[@SpiritDonkey]

Kids take a note. A four year degree isn't the only way to make it.

[@ShidaiTaino]

Spirit Donkey he’s not going to make it. People who spend wildly like this don’t keep their lifestyle

[@Mvubo]

This shows that it's not how much you make, it's how much you keep. But he's young so I cut him some slack. I was once young and dumb and ... ended up broke.

[@AllenThaiverson]

Lot of haters in this one. Everyone saying he will go broke are wrong. He said he makes 190K just OFF HIS PERSONAL CLIENTS. He can work anywhere.

[@laineyjacob9565]

He’s still young, but yes can be smarter with his money. Corona probably thought him some lesson. He can still live extravagantly at 180k and save/invest around 100k per year, I hope he learns to budget.

[@rsartore12]

Anyone else find his income fishy?

[@soz824]

rsartore12 ya, his cars arent that expensive but he’s leasing? at 280k he could buy outright, im thinking hes lying about his income.

[@MrWizardjr9]

@@soz824 idk my parents are the same way. they can easily pay the 800 dollars to buy their smartphones but they decide to lease them even though i tried to explain to them that it would cost more in the long run