How Much Money You Should SPEND (By EVERY AGE)

[@RichardWalls]

I'm more aligned to the Elon Musk 98/2 rule: 98% of my spending goes towards rockets & electric vehicles, and 2% miscellaneous (maybe food and housing...but not necessary).

[@marmusmula]

:D

[@chaitea2425]

Extraterrestrials😁

[@theloskis3689]

The dude literally sleeps on the factory floor that's commitment right there

[@thomasr1051]

Personally I only spend 60% on rockets and electric vehicles

[@clembark]

“Graham” and “spend” don’t sound right in the same sentence.

[@GrahamStephan]

this is what I want!

[@ianp7383]

Only one... Graham will only spend 20 cents on coffee

[@hittingtax2670]

he's no cheapskate.

[@098anime]

this sentence also makes sense if you put quotes on the word "don´t" (kinda, lol)

[@lifesjourney1680]

Well, he did spend money on his new hair transplant...

[@RedaHarras]

Before spending money, ask yourself if whatever you want to buy is worth more than your freedom, the more money you have the more freedom you can afford!

[@PeetersDani]

Amen 🙏🏽

[@masternobody1896]

baning fake gurus and smash the like button in this video

[@TheChickenRiceBowl]

But, there's no point in having freedom if you don't exercise it.

[@baljeet7217]

@@TheChickenRiceBowl but you gain freedom by not having freedom for 10 years otherwise you just never have total freedom

[@frostkiller]

This statement is so wrong in so many ways...

[@JamesShiang]

20% needs, 30% wants, 50% savings, 100% like buttons smashed.

[@caliorbustarika3310]

Does needs including rent?!?

[@thymythymyth]

@@caliorbustarika3310 yes, just sell body and soul

[@JimboRustles]

I'm surprised Starbucks hasn't sent this guy a cease and desist yet

[@syncmonesterio4923]

Because you spelled it wrong

[@margal3120]

Omg that is hilarious!!! I laughed so hard thank you!

[@calsela]

I use 75/15/5 rule. 75 for savings (investment) 15 for needs (utility, electricity,food, gas, housing is free because we own it and I work from home so almost no transportation cost and gas) 10 for wants (travelling, dining out, recreational stuff) I never track my expenses. I am frugal since birth, all of my relatives and friends say I am stingy. lol but I dont care... Planning to be financially free on 33

[@cryptoflippodcast]

_As long as you don't spend on Starbucks Graham will say it's ok lol_ 👍👍

[@GrahamStephan]

exactly ;)

[@carinacolada9625]

Ugh it’s so hard I wish there was Starbucks addicts anonymous

[@yadadangruenrat9913]

What about buying Starbuck stock? 😎

[@mylyfe4382]

But Starbucks is good though

[@davidcantor293]

Haris King - Financial Freedom Challenge Quite literally! I was spending $150-175 per month on Starbucks. Now I spend maybe $15 thanks to a keurig and coffee grounds.

[@PierceJPeterson]

A wise man once said: A man is only as good as the number of like buttons he has smashed 😤

[@GrahamStephan]

Like button count high

[@Travelwithchris]

Yes ahahah

[@michaelwang6751]

hahaha

[@masternobody1896]

@@GrahamStephan heck yeah you got some business lol

[@markm0000]

Graham Stephan like a spaceship. Got 2 dollars got to let one go.

[@yourrainydayfund9172]

10% on whatever I want..... what happened to you graham, you’ve changed

[@La_sagne]

maybe you personally want to save more.. then go for it!

[@thepug991]

Pray for him

[@ConnorandAlan]

Me a 21yr old watching graham: “ I want to buy a New car” Graham: *disappointed*

[@lijohnyoutube101]

Buying a new car is one of the stupidest money decisions you can make!

[@feitan8033]

Lisa Eichler-Johnson not true

[@lijohnyoutube101]

Feitan eyeroll yes actually it is and that’s well backed up by data! Its depreciation hit is crazy in first few yrs. Buy used and with cash, its the best overall ROI I wouldn’t ever buy a new car unless I got extremely wealthy like over 5 million net worth.

[@jacobday3826]

@@feitan8033 Let's do a comparison. Last year I bought a 2010 Cerato with 100,000kms on the clock for $6500 (drive away). It's an SLI trim level which was the second highest trim level for that year, and it's an automatic. For this generation of Ceratos the most comparable trim level is the Sport trim. The cheapest automatic I could find on car sales was a 2019 Cerato for $24,000 (drive away). I'm certainly not going to pay 4* just for a new car. In my specific circumstance when I bought my car I was 20 with $30K in the bank, so I very well could have gone either route. However, with the money I saved I was able to wait for a good investment opportunity, and guess what happened? The coronavirus! So now I've not only saved $23K on a car, I've also used that $23K to make me more money! So tell me, why would a new car be worth it?

[@tempestandacomputer6951]

@@jacobday3826 lol chill hes obviously a middle schooler

[@MeetKevin]

I would say $0.20 but I quit coffee. Coke's been great to me!

[@GrahamStephan]

Coffee > Coke every time

[@dylanharrison5711]

which type of coke kevin

[@oscarmart1]

Wallstreet types always do cocaine

[@vanillabreyer]

That's an expensive habit.

[@AZrakoon]

Coffee= Morning Coca Cola= rest of the day.

[@myfinancialclimb3121]

I'm proud to say that I'm sitting around the 40-45% savings rate, currently. Just became debt free last month and now crushing it through investing. Very exciting!

[@thepeachyshow-letstalkmone496]

🔥💯

[@LiamMitchell5294]

Same here bro, had 1600 in debt all of last year and now paid it all off, feels incredible to be free, able to save 40% of my salary at the moment

[@FuRyGamerOfficial]

Starbucks Board: We need to do something about Graham.

[@moneybags179]

Let's tax him!

[@shaereub4450]

Lets sell extra small coffees for $0.20

[@schroederscurrentevents3844]

Graham you are a lifesaver! I just bought my first real estate property a few months ago, a duplex where I now live. The expenses are 225 dollars less than the rent of the other side, my housing is free and while I’m not making bank I save so much on expenses!!!!

[@adi5481]

I'm 18 I have no job but it's still fun to watch. They would never teach this stuff in school. Appreciate it ❤️

[@investinyou4292]

I’ve always been a big fan of the 50/30/20 rule: Spend 50% of your income on food, 30% on cool toys, and 20% on iced coffee

[@GrahamStephan]

sounds legit ;)

[@vanillabreyer]

Got that Marco Finance in your blood.

[@rthilson]

If you live in moms basement

[@rosmerylopez684]

I save my whole check at my first job and my second job I save 55% of my check 😌. Watching these videos make me feel like I’m in the right path

[@GrahamStephan]

yesss good job!

[@JacobRob]

Use me as the “I had my 20 cent iced coffee today” button

[@GrahamStephan]

done

[@jaredhammonds8255]

If I drink it black does that make it 10 cent coffee?

[@JacobRob]

Jared Hammonds I would say yes. But, you must go to master Graham for approval on such bold claims...

[@vanillabreyer]

You've been used by Graham.

[@Travelwithchris]

Lmao

[@anja7787]

I love the description so so so much. Thank you for looking out for deaf people

[@bestofthebest4053]

Hi I just wanted to tell you a little about my self I’m 16 from Cali and I bumped into you channel by a friend and I want to tell you that you have made me Change my mindset on life and money. I now changed my life goal from getting a nice car to becoming a multi-millionaire by 25. Because of you I know my full potential. I know you read the comment within an hour of posting so I’m supper happy I put this in on time. hope your day is going well btw keep up the work.

[@Capital.Origins]

Too many people spend money they earned to buy things they don't want, to impress people that they don't like.

[@ProdMarcelBeats]

wow how deep bro

[@vanillabreyer]

Ah, the ole Willis Smith quote. It's a baddie.

[@munaqalib8404]

Real talk!

[@Travelwithchris]

Yes I agree

[@TheFepe20]

I almost cried, how deep. Now I am gonna pay my rent to impress the landlord.

[@Giselle-si2jy]

When I was in 5th grade my math teacher tought us the 50, 30, 20 and thats the only time I ever learned about money in school.

[@cafedulcxt3840]

at least your teacher taught you. i don't even remember my teachers teaching anything about personal finance. i wish they did it, its vital like driving. I was blessed with parents who did teach me personal finance, but not everyone has that opportunity. like I think lots of teenagers could spend some time saving their part time jobs earnings.

[@kevincoulibaly2265]

Graham: spend 10 percent on anything you want Everyone: Graham has been forced to say this Graham: Except Starbucks Everyone:Now he is back

[@thepeachyshow-letstalkmone496]

🔥💯

[@Pelemorra]

*Total budget* I just want you to know, this is where I smashed the like button. Clear direction and something I can focus on. I thought I was doing great already but now I'm even more excited to go over my budget again

[@KenanHeppe]

This is all very great advice that a lot of people need to follow! I've been living and working as an actor for over ten years, and because my income is very unstable, I mostly saved everything I earned. For ten years, most of my meals have been self-cooked quinoa, chicken breasts, broccoli, and eggs. I've been in China for three years where I don't need a car. And now I have about 275K cash saved up with which to invest, simply because I've avoided stupid purchases for a decade and made one decent real estate transaction.

[@CrivasOficial]

Hey Graham, an insurance question, whats your opinion on insurance if you have the money to whatever can happen?

[@robinkoko]

I would still get it because of the cost sharing. Specifically with medical, once you reach your out of pocket max for the year the carrier covers the rest at 100% so that saves you what you would’ve spent otherwise. Every insurance is different so I’m not too sure about car and home etc.

[@MonicaHolly143]

Millionaires will still pay insurance That's why they are rich becuz they maximize every dollar they can save

[@DavidHanks90]

Insurance has out of pocket maximums so even if you have 10 million saved, you don't want to lose that all in the case of an accident or disease that could be very costly. And then additionally, if something did arise where you needed that full amount, you are banking on nothing else happening until you can save up that amount again. Insurance is a much safer bet, even if it can be annoying to pay.

[@ariantabibian2616]

Graham is the MAN! Because of him I started sharing my Ecommerce and finance journey! I would love any feedback/support I could get! Cheers and wishing you guys the best!

[@majakrolsbeautychannel8701]

Thats awesome! Cheers to another addition to the KZbin community! Love the content by the way

[@myaparker]

thx

[@majakrol7563]

I agree just better audio^^^

[@majakrol2469]

Post consistent!

[@buildecommerce3643]

That’s awesome man, great content just post with better audio

[@HarperLylia]

I recently went over and set my budget. I was worried I was being too aggressive with going 35% Needs, 15% Wants, 50% Saving/Inventing (car paid off and low housing expenses). I'm happy to see I was being more conservative than I thought 😊

[@rohangangar6210]

what shelter are you affording?

[@DMS3TV]

Glad I watched this. It's really re-assuring to know I'm right on track. Thanks for the content!

[@johnnynuttz4828]

Graham I subbed to u from 10 different channels, learned so much about finances from u throughout the years

[@funtechu]

Me on the 50/30/20 rule: Save/Invest 50%, 30% on housing 20% on everything else

[@lamamigateau8029]

Pretty sure 80% of people can't save 20% of their pay

[@dancer1]

LA MAMI Gateau that’s why 80% of people retire at 70

[@alleiajames8229]

Me: Save/Invest 93% 6% on housing/food 1% everything else

[@dancer1]

Alleia James you’ll be able to retire in les than 5 years

[@a_spire]

I invest in csgo skins. Stonks :D

[@otherryan]

Last time I was this early, Graham was still driving his Lotus -- smashed the LIKE button though!!

[@GrahamStephan]

:P THANKS!

[@masternobody1896]

@@GrahamStephan can you ban the fake guru ads?

[@masternobody1896]

@@GrahamStephan i smash like before i saw the video and the speed of light

[@bsandoval2340]

Wait since the latest KZbin update it turns from an outline to black or white depending on if you use dark mode or not

[@thebosscb]

I smashed the algorithm button for the KZbin likes

[@dayvidsdays5644]

Great video! I think by what Graham Stephan and other financially savvy individuals show that we have to keep our spending the same while trying to increase our income. The 50/30/20 is a good guide as a base. From there, we'll just have to adjust based on our financial goals.

[@k7l3rr]

Thanks for the awesome video. I remember finding your first video and just falling in love with personal finances. Keep up the good work!

[@AutomotiveAnatomy]

I like the rule of thumb Graham. Great advice

[@richardwhite2010]

When you say off peak electrical hours you have to keep in mind some states still have yet to adopt that method of cost for electricity some still charge a flat rate at all hours so it doesn’t matter when you do your laundry or anything like that

[@URBANENGINEER]

Take it up with your local power provider. Most of them cover whole regions of states and are holding off as long as possible. Peak/Off-Peak rates help them and save you $$$!

[@JackDuffley]

Being a "good spender" is super important - that is spending as much as you can towards investing!

[@GrahamStephan]

agreed!

[@money2024]

The one video Graham never wanted to make. A video about spending money

[@GrahamStephan]

Never thought we'd see the day

[@jakepowell7452]

I stay destroying the like button. You deserve it. Your videos are very informative and direct. I’m grateful to have you as a digital mentor.❤️

[@gigglesmcgee6762]

Graham we need more videos like this!!! Personal finance. That being said rent is is 50% of my experience here in van nuys and I have a super cheap apartment.

[@vanillabreyer]

Agreed. Gotta get your money right before you can invest.

[@BrettsBlueDepths]

Graham - Most your advice doesn’t take into account budgeting for families, very different

[@GrahamStephan]

very true!

[@lijohnyoutube101]

Yes I am fairly cheap, live in midwest and started cracking up at $600 a month max for food. If I hit $900 was a good month!

[@Ammut6]

Thank you. Wife and I always enjoy watching his videos together but its been hard to relate to. We have a two year. $2,000 a month, $40,000 a year. Finding housing for $600 is damn near i possible.

[@rdrdrd7777]

Jesse Yea, buying or renting.

[@MeloYellow84]

Graham would say dont have kids or dogs they are an expense he wouldnt be wrong but you have to do what makes you happy as well. have balance

[@FinancialBeanstalk]

The correct answer is $0.20 because all you need to survive is iced coffee.

[@Travelwithchris]

Yes

[@grantapusdonald6105]

And Avocado toast

[@CossieJZ]

Woah I'm early. Hey Graham, hope you see this. Been watching for about 6 months now. Also smash the like button for the KZbin algorithm!

[@GrahamStephan]

ah thank you so much!! means a lot!

[@JSchweitzer]

I redid my budget last week and it's nice to see I am either right on or beating Graham's suggested percentages :D Been watching for the past 1 1/2 yrs. You have taught me well sir. Thank you. Im a teacher and the students I have shown your videos also appreciate you!

[@drewisours]

I’m happy to share that I paid off two credit cards today. You e definitely helped to get my finances in place! Thank you!

[@GrahamStephan]

yesss great job! Keep it up!

[@samveltomeyan1125]

The best financial strategy is to live with parents and save 100% of your income. That way you will become financially independent much faster. Period

[@dirtrichdustin4372]

Oh hey I'm doing that right now!😂

[@dirtrichdustin4372]

I'm also 16 🤷‍♂️

[@SukMelon]

I’m so blessed to have started working at 16 and getting to stay at home while going to local college. I’m 20 years old and got another 2 years of housing covered and a 40k portfolio so far! I want to help the people around me faster not later!

[@Yas-hg1wi]

Yes only if you can live with your parents after 18.

[@NatapixAS]

1) Living that way might not teach you valuable lessons that need you need to learn (about finances, but not only.) And getting out there as soon as possible and learning from your mistakes might be quicker. 2) Dont be a parasite. It's not right, take responsibility, lift yourself from the bootstraps, and work so that you can provide for your parents instead of sucking and being dependant on them. It's not right on so many levels. Take up your burden and suffer it. Its the only way to grow.

[@sophiemutch5983]

7:04 my dad kept his car for 14 years and then finally one day in the driveway HIS GAS TANK FELL OFF OF HIS CAR and then my mom finally convinced him to buy a new car 😂😂😂

[@emmanuelwestra6524]

Hilarious 🤣

[@sophiemutch5983]

Mendez S over 280 000

[@sophiemutch5983]

A corolla from 99... wow!!

[@midassandahl5076]

Pleeaase at least rinse the undercarriage of the new car regularly, otherwise the same will happen due to probably rust 14 years is a pretty short lifespan for a car

[@sophiemutch5983]

Midas Sandahl I’m not sure what country your in, but here in Canada people usually keep their cars for like max 10 years. Some people keep their for like 20 years max, but some people also only keep theirs for 2 years. I’d say that 14 years is REALLY good here. (Also if you were rinsing regularly with water wouldn’t it make it rust even more?)

[@DollarInfluencer]

The guy who inspired me to open a KZbin channel 🔥💯

[@GrahamStephan]

good luck!!

[@DollarInfluencer]

@@GrahamStephan I'm recently crossed 1K subscribers 💪

[@myaparker]

same

[@myaparker]

@@DollarInfluencer nice

[@scatterbrainideas4206]

@@DollarInfluencer yeah Jesus. 1.2k in only three months. Congrats man, I'm kind of jealous 🤣

[@kswig]

All good points Graham. Housing #1 all day long. Great video!

[@ellaraykondrat]

Wow my budget is already very close to this! Thanks Graham

[@gsxawd981]

How much money you should spend by every age: Everything.

[@GrahamStephan]

;)

[@jordanaubrey-realestateinv334]

I spend a lot of money but not mines private money lenders on Real Estate Investing. Keep winning guys

[@Overlordtgk30]

50% is enough to include my needs so im saving 50%

[@novamaster0]

Some of the best advice I've heard is treat your time and money as interchangeable, and it puts perspective things into your life. Would I be willing to do my least favorite part of my job for an hour to buy item X? If yes then buy it, if no, then don't Would I pay $5 to get an hour of my life back....$10....$20...find your dollar amount you value your mental health at (It will change at times, there's been times I've bought a cold water out of a vending machine for $2 when it's 100+ degree out). For me If I pay $5 to have someone pick up all my groceries and I save an hour of my life to only have to drive up, get them put in my car and drive off, then I bought an hour of free time for $5... If I avoid the 15 minute back and forth trip to return the broken $10 item I got from Amazon, then I'm refusing to work for $40/hour It swings both ways, because it helps you put stuff back at stores (Is this Shirt really worth half an hour of hearing about Karen's expired coupon) and it'll help you rationalize purchases that will help you long term (Graham's video about hiring a Property Management company or even mental health things such as "Would I pay my daily salary to not go into work today" If you can honestly say you'd spend what you make in a day, rather than go into work it's a good day to call out sick for mental health. It helps you realize when you need to recharge.

[@David_Quinn_Photography]

I am so glad you chewed up the 50/30/20 "rule"

[@MaxSujyNorden]

By the time most people retire, they don't have the energy, motivation, etc, to do stuff that they once dreamed of doing in their 20s to 40s. For example, if you love traveling, you will for sure go overboard sometimes with traveling budget which will hurt long time-saving. But some of your dream travel experience you won't be able to do when you are at age to retire. And imagine if you die of cancer randomly at 55 years old with a lot of saving, was it worth it? Now, ofc, I'm all for not spending on useless meaningless stuff, but life experience is not something you should wait to be in a wheelchair to attempt. Most people here probably make more money then I do, but I have more travel experience than most. I currently live in Thailand countryside with my Thai girlfriend and our 5 Dogs. The one thing that I regret is my student loan debt (yeah, Canadians do have student loans). I didn't have to graduate Psychology, I didn't do anything with it, I should have been my own boss much earlier instead. Having debt is even worse than not saving money (even if it's low-interest-rate) because the debt you pay back every month is a lost opportunity.

[@JonathanMartinez-om2ve]

That’s the point of the 10% whatever makes you happy part of the budget plus credit card churning can help out with airfare and hotels

[@WonderFilm]

When your two free stocks are Starbucks and you're not sure what to do with them...

[@freyas2338]

😂😂

[@NatapixAS]

Walk into a Starbucks proclaiming yourself as owner and drink free coffee.

[@ttr8141]

If I have to hear that “Drop Shipping, Bro” ad one more time......

[@consonance7458]

Oh my god I hate that ad

[@NatapixAS]

lol, i get it all the time too

[@jacsYT]

Great video! I just doubled my salary with my new job and, while I’ve always had a good budget, I now need a simple long term financial plan. This video couldn’t have come at a better time!

[@lilco147]

I rarely comment, but wanted to just say that I really love and appreciate this video and videos like this.

[@kevshaqtalks5169]

Graham, great video as always! I do have a question about retiring in 20 years if you save 40% of your income. When it comes to the 401k and Roth IRA (at least the interest earned), wouldn't that become available at 59 1/2? Would you suggest putting more in a brokerage if you plan to retire before that age since it will be more available?

[@saladking2370]

Good question And maybe a brokerage may offer more control of where the money goes, given the current bear market economy

[@JackDuffley]

9:47 *STARBUCKS EXECS WOULD LIKE TO KNOW YOUR LOCATION*

[@GrahamStephan]

uh oh...

[@FFAs]

@@GrahamStephan RUN

[@moneybags179]

people like to live beyond thier mean's it hillarioso

[@luiscampos1378]

“As long as it doesn’t involve spending money on Starbucks” *stops ongoing comment*

[@SukMelon]

Love your videos Graham. Now I have 40k invested at 20 years old, and even though it’s a long way from here, my wants combine with my investing because I want to invest!!

[@Merritt_Life]

Glad you’re making these videos. Most of Americans can’t understand this for some reason

[@SoFirmStudios]

I think we know that Graham believes you should spend no more than 1% of your income (and that's only when you're feeling reckless)!

[@Nyx_boof]

He do be vibing as well. Mm yeah baby that 20¢ coffee. No 🧢 I wanna try his coffee lmao.

[@Antoinetteelean]

As someone who owns Starbucks shares I disapprove of that message 😂

[@antoinettechako]

😂

[@redicent]

LMFAO

[@imandrewt]

I'm a 14 year old and began investing in stocks at the age of 12 and I've made a 1690% return from a $550 initial investment from 2 years ago. Your videos have taught me so much about investing and what I shouild do when I open my retirement account, and my financial choices have improved drastically. Nice video, Graham.

[@vanillabreyer]

That's actually really good. Keep that up, bud.

[@WojciechP915]

STONKS

[@Merseyrock]

Graham is a self-made Millennial, with a touch of the austerity from the Silent Generation ...Much respect for him.

[@thepeachyshow-letstalkmone496]

🔥💯

[@alexflorescu88]

Hello, Graham. Long time fan, first time poster. Great videos. I know you cannot talk from current experience on this topic, but consider tackling the subject in a separate video: how having a familly (kids) impacts your finances. Happy to help with some insights if you want. Best regards

[@TheTechPerson]

The like button no longer becomes blue when you smash it with the new thin icons. It now becomes white.

[@GrahamStephan]

:OOO

[@dccisco9515]

Form me it becomes black

[@bakersmileyface]

My way of doing things is 30% on living expenses, 5% savings, 30% invest and 35% on wants and fun. I'm 23. I've got a steady job. And at 23 I want to be irresponsible while I still can be. This is my time to be adventurous and enjoy life. So great financial advice, but there are things that I want to do but I can't see myself doing in 7 years time. I gotta stick by my way of life even if it means being less well off later down the line.

[@Caspertraderofficial]

Who else noticed the new KZbin app design?

[@GrahamStephan]

i didn't get it yet !

[@jackmcgwire2078]

paula so do I

[@jordanleo]

I didn't get it

[@HelloWorld-qn3wp]

They make it worse every time🤦🏻‍♀️

[@yunyunpilled]

It’s so ugly I hate it.

[@joejohnson9858]

Can you do a video on how you got into the luxury real estate market and how you got your first clients in real estate

[@MrRoastyToasty18]

I always smash the like button! You a great role model for people i hope to use your blueprints to become successful!

[@Rudy-ks9ds]

Me: 50% needs 40% savings 10% wants

[@JohnnysGarage]

needed this, I've been spending way to much lately, about to start leaving my wallet at home and only carrying $20 with me

[@JeanDagobert]

“How many times you should smash the like button by every age” 🤔

[@chiparooo]

Awesome! Would like to see a video on health insurance for the self employed/early retired person.

[@JosephHernandez-ml6gn]

Hey Graham I hope your doing great man and take care bro btw I'm studying to take my real estate exam and I'm so stoked!!!👊👍🏼

[@GrahamStephan]

Yesss you can do it! I believe in you!

[@ThinkMoneyBenny]

So in other words, spend the absolute minimum at every age & always invest in the stock market... COPY! 💰

[@tempestandacomputer6951]

Nooooo he definitely didn't say to play the market

[@LisaCulton]

True.

[@oscarramirez3516]

Is Graham FINNALY gonna letting us spend money?!

[@theo5247]

Ik this guy is american but I would really wish there also was so european directed content like this. U do learn stuff from this guy either way but yhe... gg

[@GrahamStephan]

thanks! I'm not sure about European content or who's making that right now

[@bebeerin]

same advice. you just don't have to factor healthcare into your budget so save the difference or if you want a slightly higher spending percentage each month then you can do that

[@daniel_960_]

Graham Stephan Yeah I’m from Europe and always watch your channel because it’s really good. Always have to translate to how things would apply here 😂 So happy though that I can study for free here, most important translation usually because it’s a thing I don’t have to worry about.

[@vanillabreyer]

@@GrahamStephan Maybe just record with a European accent?? Mr. Worldwide.

[@caglabudak838]

Vanilla Breyer - The Scoop on Finances does not work like that. we do not have stuff lika a 401k we don't have "credit score"

[@forever20plus]

0:22 The correct way to do it is to drop the word "negative", and then compare the numbers as you would normally do. The negative sign already denotes debt, so contextually, -$27k already means $27k worth of debt.

[@jacobboone568]

Great video, love the percentages and numbers, made it very easy. Thank you!

[@blitzace9728]

Before spending money, ask yourself. Should I be buying tesla instead...

[@GrahamStephan]

the answer is always: yes

[@ski123]

Too late now bruh

[@Jacob-gy1wo]

iMiniEnzo I’ve heard a lot of predictions estimating it’d be up to $7000 within a couple years

[@ski123]

@@Jacob-gy1wo long term yes, but if you invest now you just missed out on big returns since you couldve invested a week ago

[@Jacob-gy1wo]

iMiniEnzo ya but the past is the past better to invest late then never especially with something like Tesla that imo is gonna keep going up and up and up

[@DustinDawind]

I was at 40% savings last year. This year thanks to the Rona my income is down so I'm at 30% for the year so far.

[@mynameismatt2010]

Trying to find housing for less than 50% of my after tax is impossible in LA.

[@vanillabreyer]

"jUst mOvE sOmEwHeRe ChEaPer" But really, though. How do you combat this?

[@Travelwithchris]

Yes seriously

[@mynameismatt2010]

@@vanillabreyer I've been looking at moving about an hour away, since I start work at 5 am I'd mostly avoid traffic coming in to work, but since I get off at 5pm I'd be in the worst of the traffic leaving. I'd love to move out of California ( worst state to live in,) but my wife started a new career this year and isn't established enough to leave her job, and I only moved to LA to work at my company anyway so I don't want to give that up. Paying my entire after tax income on rent for a 1 bedroom apartment is the sacrifice I make for being where all the good jobs are. Seriously though, living is LA when you're not making more than 100k a year is for young people with no wives or kids who are fine with renting/sharing a room.

[@vanillabreyer]

@@mynameismatt2010 As a bonus, it really looks like an awesome place to live. Unless the internet portrays it in a better light lol there's a reason it's super pricey.

[@mynameismatt2010]

@@vanillabreyer It's a terrible place to live. Lol. I would never recommend moving here to anyone. The only good thing about LA is that there are a lot of amazing companies to work at here, but most of them don't pay to match the cost of living.

[@olliehopnoodle4628]

Good video. Remember folks, he is talking after tax income. He mentions this a couple of times in the video but many folks don't know what their after tax income is. You should include federal, (including FICA), state and city (not sales tax). Property tax can be included in your housing budget. If you make $50,000 a year and are single your Federal tax, including FICA will be about $8000 or around 16% of your income. State tax will take another chunk although usually not as much.

[@Anas-by6tw]

HEY GRAHAM!! I totally understand what you saying thx . I’m 15 and I plan a lot and learn a lot ahead.....could you make a vid as simple as possible like if you were explaining to a 15 yro!? Thank you for your advice for the past 2 yrs

[@khydrox3498]

I just realized that since graham makes about 2 cents per view, every ten views ha can buy another cup of iced coffee ☕️

[@GrahamStephan]

wow :o

[@matthewrogers55]

Graham: "if you make 100k you shouldn't be spending $1250/m on food!" Me: 👀 Oddly specific to my budget, but I have four kids.

[@thepeachyshow-letstalkmone496]

🔥💯

[@giannicarandang]

Should’ve had better pull out game

[@matthewrogers55]

@@giannicarandang Why deprive yourself of the best part? Bury the seed deep is what I say.

[@anna.tnguyen]

Wow, that was enough math for me for the rest of the year LOL probably why I flunked out of math lol

[@GrahamStephan]

:p

[@anna.tnguyen]

@@GrahamStephan it's okay, still smashed the like button haha as always, thank you for this informative video!

[@VentureAHighway]

Interesting video concept. I’m like you were I’m sometimes addicted to the joy I get from saving and investing.

[@Real.Estate.Report]

The smashing iPhone scene used as a visual for how it feels to smash the like button is the best thing I’ve seen all day.

[@thepeachyshow-letstalkmone496]

🔥💯

[@davidsdinero]

Graham spends negative money because he monitized everything! 👌😂

[@vanillabreyer]

spend money to make money

[@Kruzzles]

I’ll like the video with all three of my accounts if ghrahm hearts this comment

[@GrahamStephan]

Can't resist for those likes

[@Kruzzleswastaken]

This is my second account

[@Artak091]

I feel like starbucks got grahams name wrong once and he's always held a grudge, "order for grant!"... boom enemy for life.

[@GrahamStephan]

😂

[@flisfinance5680]

Wow this is insane!!!! Cool to see the steps on how much I should spend!!!

[@chubbycooks2016]

Would love to see a video where stuff like having a family is taken into account! Both a saving and spending video !!

[@thepeachyshow-letstalkmone496]

🔥💯