Graham Stephan On Capitalism, Becoming A YouTube Millionaire, & The Best Money He's Ever Spent

This week, Chelsea and Graham Stephan sat down once again to answer your most burning money questions - from how to find the best bank account to how they approach money differently.
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[@Erika2]

Any other ladies watch Graham's channel? Apparently only 15% of his viewers are female.

[@cutelittledevil88]

Erika Kullberg: Finance, Investing, Passive Income +1 been watching for over a year now.

[@kiymberly1990]

I do :D

[@AB-tb7bt]

I do! Identify with him and his way of thinking way more than with Chelsey. She seems a bit too much of a dogmatist than Graham, who in my perception he's a lot more of a realist.

[@Erika2]

@@cutelittledevil88 woohoo! That's longer than me :P

[@Erika2]

@@AB-tb7bt I definitely got that sense during the video

[@thisgatherednest]

This is the content I love... people who can disagree and not be jerks about it. This episode was fantastic!!!

[@natureallmighty]

Fancy finding you here! It would be sooooo fun seeing you interviewed by Chelsea! ♥️🥰

[@julia.carino]

oh hi Angela!!!

[@KyleePicc]

My three KZbin worlds have collided.

[@ML-pd7so]

Chelsea and Graham disagreeing is so interesting. Graham holds his tongue pretty well, and Chelsea recognizes the difference in opinions and jokes about it. It is so empowering to see respectful humans have a productive discussion without arguing. YES.

[@anthroglitch]

There are many economic studies that show that when women grow in riches and education, they do not only benefit themselves, but everyone around them and their communities. Chelsea is such an example of that, and I love her

[@sarahm3555]

I strongly identify with Chelsea saying "what if it's that a grandparent died? Kill the other one?" and then cackling at her own joke as Graham answers the question seriously. Basically me in all work meetings.

[@elwynbrooks]

I had to pause I was snort-laughing too hard at what she said to even begin to hear what Graham was saying. ==

[@Josue.Pronounced.Hose_Way]

Thank you for openly addressing the ideological conflict between you two which was SO OBVIOUS in the previous video and in this video before it was addressed. THESE ARE IMPORTANT CONVERSATIONS and no one benefits from allowing people to simply make assumptions about where people stand on complex issues. Speak your mind, challenge each other, speak truth and be responsive to your audiences. LOVE

[@itsjillagain]

100%. So happy they didnt just leave it be.

[@robertstanley9633]

Yes this was a good follow up & I'm glad they were candid about it.

[@tabathawagner9887]

I have watched Graham for soooo long and am newer to TFD. This interview made me realize how much more I align with Chelsea.

[@Housewarmin]

"I watch SOO much youtube, i probably spend 2 hours a day watching youtube" ..amateur.

[@travisminneapolis]

He then spends the rest of the day writing and recording videos. Watch, learn, write, record, edit, upload!

[@ratatataraxia]

Sincerely Eccentric lmao no kidding. Two hours is just a warm up for my iPad.

[@lizza333]

You can tell that Chelsea truly isn’t looking for praise when she talks about how she’s comfortable with her salary, would donate a significant amount to charity, start non profits. She genuinely wants to help others. I feel the same way if I’m ever lucky enough to be in that position.

[@SebastianCastro]

Lizz A Yea, this video just made me love her more. I like Graham’s personality, but really love Chelsea for her values on top of her personality. 😊

[@elwynbrooks]

YES I think honestly if more people had Chelsea's values, our world would look very different in a very good way

[@Sophmorical]

Chelsea’s views on wealth and taxes are such a breath of fresh air. Wealth for wealth’s sake just doesn’t appeal to me and I also view paying taxes as a great way to support my community. Thank you Chelsea for showing that personal finance doesn’t have to be about getting rich, just seeking out financial stability so you can enjoy your life.

[@charlesphilpot1395]

Graham should totally interview Chelsea on how she spends her money!

[@MrRossharrell]

I smashed the like button for the KZbin algorithm!

[@dom1161]

It would be awesome to have a capitalism vs socialism discussion as it relates to how people feel about their financial situation. It couldn't be more relevant to the discussions being had today.

[@madelinelewisx]

Dom agree with this!! It would also be refreshing to see it in a discussion format rather than debate. Just hearing different perspectives on personal finance from different ideologies

[@dom1161]

Maddy Lewis I couldn’t agree more!

[@dom1161]

Marcellino Sananto Very true, but let’s be real. If it’s Trump v Bernie, it’s capitalism vs socialism 😬

[@nicolea5992]

@Marcellino Sananto Yes! People dont understand that theres a diff when it concerns democratic socialism!

[@hwllhei6554]

Marcellino Sananto democratic socialism is capitalism with high taxes and social welfare

[@KrystalToddCPA]

I used to be really dedicated to working and moving up but my mentality has changed and I really want to just focus on having a business that really fulfills me.

[@Phlegethon]

Question to Chelsea who loves paying taxes: How do you feel about running ads for intuit turbotax a company that lobbies the government to intentionally make taxes complicated so they can sell their software?

[@phantomdreams5804]

This is a good question

[@NewSparky97]

This was something I was wondering when the ad read started. Broadly I like and align with Chelsea, for the record, but it is an interesting dichotomy

[@brianfediuk]

Love when two KZbinrs I subscribe to end up doing a collab. Big fan of the both of you for different reasons, glad you both got together (again)

[@jessicamccarrey3552]

They answered both of my questions! (Their different views on money) 22:05 and (luxury goods holding their value) 25:20 Both TFD and Graham have been one of my favorite channels here on KZbin- loved this collab!

[@UltraHuman]

I'm so excited! I found Graham from your last interview with him and I have really enjoyed learning from his channel. Really looking forward to the next interview! 🥳

[@saracox372]

Can I just say I am so happy that there was a part 2 to this interview. I feel like there was just too much tension in the air in the first one. This one came across far more amicable. I do realize just how different you both are but when it comes to finances you both offer solid advice and I really appreciate what you guys do.

[@tinawelch2545]

I haven't watched this one yet; is Chelsea less condescending in it? 😥

[@rachelsmith4383]

LOVED this so much. I love hearing convos between people who disagree but can still keep it super civil. I wasn't a fan of the last episode with Graham because of the undertones, but this was FANTASTIC.

[@wrenchguy2937]

Chelsea is my morals and personal ethical voice. Gram is me when it comes to saving and investing. I needed this. I love you both haha

[@Jasta85]

So happy to see you two meeting up again, it's great to get different perspectives on various subjects.

[@darrinscholten1612]

Agreed!

[@Viennafly1]

Smashed the like button just for Graham. Thanks for introducing me to his channel, Chelsea!

[@amyhaggerty1]

“Anyone can become rich” is true in the way that anyone can win the lottery. A few individuals certainly can become wealthy, but on balance most people are impacted by the circumstance of their birth. For instance, I grew up in a home with mental illness. Almost every bit of money I earned as a teenager went to support the family mostly because my mother could not control her spending. As a gen-xer I was also fed the lie that you have to have a college degree to have any value in our society, but had no access to resources to help me pay for school due to the mental illness. Thus, my prime wealth building years (20-30) were wasted in a fruitless pursuit of an expensive and useless degree.

[@2012withShantelleS]

Fair points. You could also have chosen to be more selfish and hoarded your earnings. It's not the kind of thing society lauds but it certainly is an option. While society celebrates the ivy college degree, that "useless" paper could have been gotten more affordably with Community College credits. Just you know, thoughts.

[@amyhaggerty1]

@@2012withShantelleS all true. I did go to a state school as I did when I got a masters, so I spent less, but not zero. I just feel that the push towards college only is very misguided and I am glad to see that starting to change. College is not for everyone.

[@lovinthisnewchick]

I really loved this video/podcast y’all’s energy and chemistry is so nice even with differences! Last time felt slightly tense and this was much more relaxed

[@ernest3286]

This

[@NCPBallr]

I'd like to see you interview Aja Dang on TFC

[@AntiUgg]

NCPBallr Yessss!

[@beccaseideman4378]

Yes!! Would love to hear their differing thoughts on Dave Ramsey 😂

[@alviaiscute]

YES

[@mostly-posting-comments1515]

I love their exchange! There's an acknowledgement that their answers are different but still with respect -subscriber of both of channels

[@MeMelRock]

Yessss! This is the redo your viewers wanted 😍

[@ElsieEastmanMusic]

This one was a lot more fun then the last one with you two! Nice :)

[@d14551]

I had a deeply fulfilling career that I look back on with great satisfaction. I still needed to have other interests outside it. Boundaries are healthy and advisable whether a person is passionate about their job or not.

[@shaniceh3190]

Had to take a moment and smash that like button!!! Love both of these channels. Thanks for the collab!!

[@CaseyBurnsInvesting]

Channel Marriage. Still waiting for the Graham and Andrei Jikh collab 👀

[@kiterafrey]

I love what taxes do in Scandinavia countries, I wish we were more like them. I’m 100% good with paying more money after seeing how amazing society is without stress, worry, & with helpful programs. Denmark was eye opening for me

[@margaretgrissom1100]

Absolutely love both of y'alls shows. They are both entertaining and incredibly informative. :)

[@LauraSomeNumber]

Living in "one of those countries", Denmark, Denmark is very much a capitalist society we have people who are extremely wealthy and starting a business while hard anywhere won't ruin your life if you fail here.

[@hwllhei6554]

yeah but when you are getting 70% tax for being successful isn’t good

[@AboutAysha]

OMG my two favorite KZbin channels coming together. KZbin-ception 🤯

[@Proverbialfunk]

Hey what other $ stuff or side hustle channels are you into @aysha ?

[@AboutAysha]

@@Proverbialfunk these are the two main ones, but I also follow marissa romero! and some smaller real estate channels.

[@babyyg6900]

Graham is honestly my favorite KZbinr💜 His advice has helped me as a college student thrive in my financial endeavors.

[@MaaShortees]

Follow both of you and love this dynamic! Can't wait for the next one to recap 2020 and how the pandemic and/or election changes your perspectives.

[@marisellopez6022]

Chelsea, I really love and connect to you on how you see money...

[@TheperfectfrenchwithDylane]

Nice! Just in time for my first coffee break ☕️👌🏻

[@Iratxuful]

Mad respect for Chelsea for how well she handled the interview. Also, I have really enjoyed her perspective on taxes and giving back to the community. I feel like people on the financial world (and more often than not, men) loose perspective on the fact that we live in a society and is not about personal benefit but moving forward as a more equalitarian world.

[@SebastianCastro]

Iratxu Yea, I agree 100%. There’s nothing wrong with wanting to earn more, but I will always love the Chelseas of the world. People who feel a responsibility to give back, who remember what it was like before they came into money. Her perspective on taxes really speaks to her values.

[@georgemichaelacurio8764]

Graham is like supreme, always making collabs

[@fridabystrom6689]

Thank god for the KZbin algorithm for finding this channel.

[@TheDarkKnight992]

Between this video and the March 10th rant video I have fallen in love with Chelsea and her thought process. 😍

[@ernest3286]

Agreed!

[@seaamundsen4687]

Great video with two of my favorite finance youtubers!

[@elwynbrooks]

I kind of love that your philosophical disagreements on financial mobility and agency boils down to the thesis of the Ratatouille movie: anyone can cook, but not everyone can cook

[@HDRhee.]

Was wondering when they were gonna do another crossover. Graham needs to review her budget on his channel too.

[@TheHealthWealthProject]

Two of my favorite youtubers coming together!

[@doggydude4123]

A great insight into how Chelsea views society is how she explains the "crabs in the bucket" metaphor. From Wikipedia: The analogy in human behavior is claimed to be that members of a group will attempt to reduce the self-confidence of any member who achieves success beyond the others, out of envy, resentment, spite, conspiracy, or competitive feelings, to halt their progress. Chelsea explains it as everyone try to achieve success individually but others end up hindering the success of others in the process to achieving their own success. It's either we succeed as society together or everyone fails because the collective success of society matters more than the success of the individual.

[@RealLifeMoney]

Graham is just blowing up the community and now is appearing in other peoples channels?! He’s trying to take over! 😂 Very cool collab

[@Practice_Kindness-1st]

I believe he was invited to do this interview...

[@PassiveIncomeTom]

*Nice! Graham is a true success story.* 👍

[@Briton23]

Love love TFD and TFC! Would you have a recommendation for taxes in Europe (Ireland)? Would be great! Thank you

[@elynbeth]

"The market keeps going up" - really showing off how far in advance TFD cans these videos :)

[@ninamarie8421]

I'm so glad you did a round 2!

[@estefaniamedel9336]

How come I had NEVER seen this collab! This two are my guides!!!

[@WilliamSmith-gm2wk]

SUCCESSFUL PEOPLE DON'T BECOME THAT WAY OVERNIGHT. WHAT MOST. PEOPLE SEE AT A GLANCE_ WEALTH A GREAT CAREER, PURPOSE IS THE RESULTS OF HARD WORK AND HUSTLE OVER TIME. I PRAY THAT ANYONE WHO READS THIS Will BE SUCCESSFUL IN LIFE.

[@munglara3100]

That's very correct !! And that is why most of them end up losing they m o n e y to s c a m m e r s.

[@munglara3100]

Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.

[@munglara3100]

Learn and get the knowledge first before investing..

[@samnoa8492]

People wants to do what the 99% does but wants to get results that are fit for the 1%, but it doesn't work that way.

[@samjohn6219]

But where are the more credible source to learn about forex trading?

[@msnicadr]

So happy that Graham is back!🙌🏼

[@amandacura3932]

I like this!! I found you through Graham, you’re awesome too!

[@johnlavecchia250]

I smashed the like button bc Graham, had to shout out Graham 👊🏼

[@arcticrest8368]

The collab we didn't know we needed....again!

[@jayatidesai]

Brilliant Collaboration!!!

[@lilidonna]

His was the only interview i didn’t watch. Fine i’ll go watch the previous one first...

[@HectorMartinez-xv4re]

I like to collect contemporary art like Kaws vinyl figures because they appreciate in value over time so I get to enjoy them and technically they are an asset that can bring me profit.

[@MonoiLuv]

45:00 oh yeah this is the question I've been wanting to hear. This is a crazy year.

[@wallstreetbravado346]

This was an exceptional video. 🎥I’m glad to see your posting on a regular basis. Your a KZbin rising star🌟and I have been observing your growth for some time now. #WallStreetBravado

[@timnaishvili]

My two favorite KZbin channels 😍😍😍😍

[@lararae5278]

Graham spends less on a wedding than a watch.

[@kendallstark4302]

Lara Rae, yup. I caught that, too 😅

[@travisminneapolis]

Whats the safer investment?

[@JV-mk3bl]

Because he's smart and a wedding doesn't hold its value like the watch does.

[@JV-mk3bl]

@@travisminneapolis exactly

[@anaestrada6906]

Well, the watch will keep or potentially increase its value whereas weddings won't and they are so unnecessarily expensive

[@4ksandknives]

Omg... Best collab!

[@pawsnotclaws2772]

Graham is back!! Yes!!!

[@mariat2834]

Smashing the like button!

[@caroc8290]

Love your guest Graham 😀

[@johanna4456]

This episode was really really great. :)

[@melm3132]

My kind of people. Luv this vid! Cannot find cool kids like this anywhere in the city I live in. Lots of great insight here.

[@abigailburns4391]

Could you make a video specifically on how to navigate the health care system to minimize financial burden/ ruin, particularly when it comes to medical emergencies?

[@dawnglessner7432]

Love both of you!

[@shibolinemress8913]

Regarding gifts: I generally ask everyone to not buy me birthday or holiday gifts, but instead to do something to help someone else, and tell me what they did if they wish. That way lots more people receive blessings than I could help myself. My friends feel good for helping others, and I feel good when I hear what they did, so everybody wins. Some of the gifts I got for my birthday this year were friends cooking special meals for sick people, neighbours or family, giving rides to doctor appointments, sewing and knitting for charities like children's services and hospitals, sending impromptu care packages to others, volunteering at their local place of worship, and even one friend who gave a morning of breakfast, babysitting and a free Chinese lesson to a neighbour and her daughter who don't have a car. That was my best birthday yet! I'm so proud of my friends, and grateful for every act of kindness they did! I hope that everyone who reads this will be inspired to come up with their own ideas! 💜🤗🤗👍

[@colleenruf7139]

This is so chill

[@ariesone12]

I am so glad you touched on the rearrangement American Express recently did with their Delta cards. A benefit or two I really liked got taken away, so I've been considering changing my credit card as well. Perhaps you can make a video about it? Like, the process of switching/choosing a new (travel) credit card.

[@aliciasoto3772]

Love humble Graham.

[@adam-obaseball]

One of Graham's Millenial Money "confrontations" asked him about moving somewhere cheaper. He replied with, "I wanna maintain what I have (paraphrase)."

[@4everInTheClouds]

I would love it if Chelsea did a more detailed video on how much she paid for her wedding. Even if it was small I don’t know how she was able to pull off paying that little for everything she did.

[@Fluffcat65]

Wow, watching this three years later gives me goose bumps while they talk about how unpredictable the future is...

[@ashaniquecarradine1420]

NO FREAKING WAY !!!!! I love both of you !

[@bgiv2010]

"You want to pay MORE taxes?" Yes. Sometimes the peace of mind from knowing your state is less likely to fall apart at the first natural disaster.

[@euenfheiejrj]

Yep and not everyone wants a big house and a lack of public transportation. I hate driving and I live in a higher tax city (Chicago) but I still think I’m ahead since I don’t need to own a car and we can walk or take the train (or bike) everywhere. I think it’s much healthier. I don’t think I would be happy in Texas or Nevada and I don’t like the heat that much.

[@rieschelleannjavier-basina7371]

I am so happy! @grahamstephanshow @thefinancialdiet..

[@flatbrokeatfifty]

In terms of gift giving we give experiences now - eg the kids got me a truck driving lesson. I'm currently working a job that took me over 2 years to get because I'm 54 and the employment market is very tricky at this age. It has now given me the opportunity to pay rent and eat which is great but also concentrate on other streams of income. I've lost everything in my 50's and believe absolutely that I have plenty of time to get it all back before I retire - and if I don't it will be like watching a car crash - again. Thanks for this discussion it was really great.

[@cabinfeverremedy5636]

LOL, I totally get the 'paying taxes means you're doing well' mindset. I come from starving artists world and we all joke about making enough to disqualify from tax-refunds as reaching the top of the money ladder in contemporary dance.

[@fionafiona1146]

Same, I am in Germany tho and may have received 40 000€ throughout my childhood and have been using enough infrastructure for the government to brake even in my late 30s if my wage stagnantes.

[@Corn_DOG]

I really hope Chelsea was referencing "Lobsters in a bucket" by the AquaBats at 21:00

[@1207susant]

Jason Ready She a Baltimore girl, definitely talking blue crabs👍

[@jessea.3883]

We need video of when Graham gets his wedding bill 😭 "$500 for napkins?!"

[@mortviolette284]

The comment about unhealthy work boundaries and sending emails at 11:00 pm and checking email first thing Sunday mornings felt like a punch to the gut. I probably need to look for another job.

[@peach_mango_pie]

this is my favorite crossover

[@kae.israel]

My two faves!

[@avanipall]

Graham's Tesla video does rank high when searching about Tesla but not in top 3.

[@llatoya85]

Its Graham!!

[@victoriatrinh8380]

Coolest crossover!

[@amoon3622]

I like both :) Great work!

[@user-qd3sd1dq3g]

W•H•A•T•S•A•P•P +•1•7•2•0•5•0•2•8.9•7•2• I•n•v•e•s•t•i•n•¢•r•y•p•t•^o B•T•C•A•N•D•E•T•H..

[@patrickquinn8079]

You should do an interview with Andrei Jikh too

[@bearshooper77]

Funny listening to this now that Graham has moved to Nevada.

[@VerStarr]

Teddy Grahams?! I think we missed out on being called the Graham-eez

[@tomek1811]

2x speed on everything on youtube for me :)