How This NYC Senior Consultant Spends Her $110K Salary | Honest Accounts | Glamour

We asked a consultant in NYC with a $110,000 salary to break down everything she spends money on in a month.
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How This NYC Senior Consultant Spends Her $110K Salary | Honest Accounts | Glamour

[@zealous7691]

my $0 salary is offended

[@CARSONLIGHT]

wassim bettira RT

[@Guerrilla727]

Bum

[@eitanseitchik3020]

Guerrilla Gaming r/wooosh

[@5ense105]

@@eitanseitchik3020 k

[@myhome7327]

Guerrilla Gaming stfu I bet he makes more money than you and I say that because you probably leech your money off of your mommy and daddy

[@Wigconic.]

**cries in lower class**

[@Martinmarshallmargella]

110,000 is consider rich or middle?

[@hxctalent]

@@Martinmarshallmargella If you're living in either San Francisco, New York, or Hawaii: lower middle lol *cries in comparative Hawaiian economics where everyone tells you: "But it's paradise, stop complaining"*

[@AstrydLewis818]

Seriously!

[@devinngeorge]

@@Martinmarshallmargella upper middle income

[@froyokid]

@@Martinmarshallmargella uum where do you live and how much you making? Some of yall sound dumb trying to pretend that a young single person making 6 figures isnt much

[@kylematthewwood]

"When my checking account goes over $10,000" lmao can't relate

[@butterflygirl141]

I would rather know how these people get to a place where they make this much money...

[@jmelon7476]

Go to college, study and get a useful major, go where money is. Finance, tech, etc. don’t study something useless

[@circleofclouds]

Michelle A google will tell you, there are forums helping people get into consulting. Generally: great marks, Ivy League type schools, ambitious personality, ok with high stress and unpredictable lifestyle, charisma (or at least fake it), networking with people already in consulting. This girl reads personal finance books for fun, and that’s a pretty popular hobby

[@kingbibihabibi]

One word: nepotism.

[@Kat-ji6hq]

It's called privilege and vitamin C.

[@SnapshotsByLexi]

I will say I'm 25 in tech consulting and I make about what this person does. I went to school for Industrial Engineering, interned every summer, built up my network and got a consulting job right out of school. It's a selective job, but you can do it if you have the right background.

[@TheBemused]

I agree with her 100%. Many of us weren’t raised to talk about money and were never taught how to properly manage it. This is exactly why my channel exists! -Akeiva

[@x0xxx007i]

The Bemused: Making Sense of Money 💰 I subscribed to y’all!!

[@ashviolet4926]

So true, money was always so hush hush... why I wonder? KZbin helps me so much

[@TheBemused]

Ash Middleton Yeah, I think being open and honest about money can help a lot of people learn and make better choices, so that’s why I do it! -Akeiva

[@eriley7809]

Is this an ad? 😂

[@darkbathe]

She says that people should be more open ab talking about money but then they hide her face in the interview :/ . A bit contradicting

[@MrBubb]

I would love to see someone with 1mil sallary.

[@Neeshpeesh123]

Jassim they don’t have a budget probably lol

[@MrBubb]

@@Neeshpeesh123 haha makes sense.

[@circleofclouds]

Neeshpeesh123 unless they’re in the financial industry, probably hired an advisor to do the budget

[@MrBubb]

@Samual Jones I would assume that atleast 40percent would go taxes.

[@calilooya]

If someone is at that level of compensation, companies often structure the package so that the salary which is taxed at a higher rate is smaller, and a larger proportion would be shares and options, which are taxed at a much lower rate

[@Sindee209]

She’s 26?! NO DEBT?! That alone is #Goals

[@ValeriaGarcia-kr6cy]

Her parents probably paid for college. Money makes money!

[@allisonjustice678]

I have no debt too! I learned quick that subscription plans and memberships are the main reason people are in debt.

[@jilianemorales2074]

Sydney Garcia She has credit card debts

[@gisellepieternella9006]

I think with her strategy of saving some money on the side or putting it into investments may have helped her pay off her debt alot quicker than the usual graduate

[@liopergonsd58]

Rich parents + white privilege + jewish= good life

[@rutwikpatel5656]

I'm 23 and just paid off 20k student loan debt :D

[@fishstew2573]

woohoo!

[@sheeshneesh]

Proud of you!

[@MsMockingbird06]

Congrats!!!!

[@sar2963]

For someone making that much money, she is very smart with her spending! Good on her

[@denizece3672]

How is she my age and I make 26K? I failed at life

[@Alex-bq3kp]

Deniz Ece It also depends where you live and who you network with. I’m 18, and I make relative to what you are making however, I live in NYC.

[@denizece3672]

Alex i‘m moving to New York 😂 i live in Germany and we pay more in taxes, too

[@PritamDas_26]

Well in Germany health care is free and here in the US.. well well

[@milaroos]

Deniz Ece omg! I want to move to NYC, i live in the Netherlands, but its not easy to move to the USA. Do you have tips?

[@denizece3672]

Pritam Das well the grass is always greener.. Germany is not the best country for that anymore either, look more towards Scandinavia for that

[@dmcry097]

To all who are wondering how $110k salary translate to $4.2k per month: $9,166 (gross) - $1,878 (Federal Tax) - $711 (FICA Tax) - $1,541 (401k) - $458 (IRA) = $4,578 And she might have insurance and other deductions which make it to $4.2k

[@123tube456]

I hope she is contributing a lot to her 401k because 4.2k is a but too small for making 100k. i make 71k a year which is almost 6k a month. After taxes, 401k, and insurance I net 3,926 a month or 1,963 per paycheck. And I live in IL, where state taxes are high.

[@EASJR1991]

You forgot to account for state income taxes, and local income taxes, which New York City has.

[@Apryll.]

@@EASJR1991 nope, its just fica and federal here

[@Apryll.]

@@123tube456 She might have past debts that she subtracted but didnt include in the figure, maybe student loans

[@iiDUMPLiNG]

Apryll Ellis Sutton is right. Commenter forgot State and NYC tax. New Yorker here. Nyc tax is about 9% of your income

[@lousy5149]

Do one with men. I would want to see how they spend their money.

[@amejisuto891]

*pornhub subscription has been successfully funded* I'm sorry 😂

[@katdel7596]

@@amejisuto891 lol probably !

[@Daxtely]

I would also like to see one with men, but Glamour is a women's magazine, so I understand.

[@devinngeorge]

@@amejisuto891fyi it's not billed under that

[@amejisuto891]

@@devinngeorge *Haven't you heard of a JOKE*

[@faithcote9331]

I would love to see a teacher’s salary. I’m a teacher myself and love hearing how other teachers spend their money. I personally try really hard not to eat out and to save as much as possible! 😊

[@beigelover95]

Faith Cote me too!!! teachers in the UK get paid really low salaries. thats why im moving to nyc in the next few years, God willing 😊

[@Megsbeautyx0x]

Same! I'm a teacher in Canada and make $51,000 salary. I suck at saving :( so I need to get WAY better at this.

[@faithcote9331]

I’ve been using the Dave Ramsey stuff and it’s really good. I teach in NC and make 40K a year :)

[@faithcote9331]

How much do teachers in the UK make?

[@maxfr142]

@@faithcote9331 in Australia it's around $60,000 - $75,000 depending on which level of schooling you're teaching, I'm hoping to become a teacher, they definitely deserve more money. May I ask, do you guys get paid for school holidays? Or is it just spread over the year :)

[@tracymeserve5627]

Remember she lives in NYC. Her rent is $1500/month to live in a 6-floor walk up. It sounds like a lot of money, but honestly its hard to live in NYC on anything much less than that as a single person.

[@dianee2528]

I just want to know where she lives in NYC for 1500. That is a closet in manhattan, I'd love to know

[@devinngeorge]

It's still a lot of money. She makes a lot of spending and still able to save.

[@colorfulcodes]

But 110k in savings? Very unusual at her age.

[@victoriahale5254]

Diane E she travels so much I’m sure she just doesn’t wanna throw money away. But yeah it had to be I little dumpy I pay more than that and I live in Austin

[@victoriahale5254]

Colorful Codes she doesn’t have to really spend any of her money since she’s traveling so much( food entertainment, low utilities etc) plus consultants are known to be awesome with money

[@LailiBirdy]

These are my FAVORITE videos

[@Crozbozy]

@@TheStyleThatBindsUs1 I'll give you some feedback, your channel is nothing but a representation of our world's inscure, self-indulging and narcissistic side (fashion).

[@Jonathanmocan]

I found 5$ on side of the road. Does that count as a salary

[@etherealhawk]

Did you declare it :0

[@cerinashippey]

Finally she’s talking about opening the conversation for finances. Thx god.

[@inframinced6698]

Actually, after reading the comments it really would be interesting to understand a. what salaries their parent(s) were making when they were 18 b. who paid for college and what were their finances if it was not nuclear family (grandparents, etc) c. how much financial contribution was given throughout their young adult life for taxes, bills, groceries, etc. d. How did they get their first job? Was it somehow nepotistic or through personal networking?

[@victoriahale5254]

Infra Minced well she’s a consultant I’m gonna guess she had killer grades which of course help with $$ and having kids is an investment if you can help them and have them land on their feet it pays back in spades. Even lower income people put it all in the line to help their kids

[@LeesaLilHop]

This isnt about how much easier some people have it at life. Its about how they handle their finances now. You dont have to make 110k to be financial smart or even financially independent.

[@angelface4774]

Great idea; i hope they do that

[@MsEperk]

@@LeesaLilHop Agreed, but people who have a "helping hand" in life can have more resources to help them be financially fit. For instance, she wouldn't be able to save as much savings or make as many investments if she was in a lower-paying job. If someone helped foot her college bill, unlike some who have thousands to pay in student loans, she can take that money and use it toward her 401k, savings or investments. Ultimately, those things do make a difference. And to be clear, that's nothing wrong if she did have resources to her along in life. I think that's great! But it's worth acknowledging that those types of resources make a difference.

[@TickleMeElmo55]

@@victoriahale5254 You don't necessarily need "killer grades" to be a consultant. What you do need is a "decent" GPA (e.g. 3.5+) in majors like finance, econ, accounting, business, math; attend a target school w/ a target business department (e.g. Northwestern, Illinois, Penn, SMU); and get consulting (or similar) summer internships (e.g., Big Four, Morgan Stanley). Apply to entry level consulting jobs and don't botch the interviews (e.g. don't be socially autistic and be prepared for case studies).

[@IrishBarbie23]

It would be interesting to see a medical professional

[@adygirl13]

#brokedoctor

[@live4beauty1]

I realize this comment is old but I recently watched a video in this series about an anesthesiologist. It was fascinating!

[@kingkang6877]

$1,500 rent in nyc?! Cheap rent

[@christinetran491]

That's what I said too!

[@edvigeedouard1850]

Wait... I live in Montréal how a $1500 US rent in NYC is CHEAP?

[@TickleMeElmo55]

For how much space and in what borough and what neighborhood?

[@letrice2892]

@@TickleMeElmo55 exactly majority of the time ppl are paying simply for location and amenities bcuz the sizes of the apts are so small especially in the city ppl dont realize u can get alot of your monies worth in the bronx but of course the commute is always an issue for some lol

[@alriyaad]

Ikrrrr I was like whaaaattttt 😱

[@LindseyDrennan]

I would love to see someone outside of New York and how they spend their money.

[@taylorashley4441]

Lindsey Drennan was just about to comment this

[@prettywildnights]

$110 in San Jose, CA, 75% goes to rent 🙃

[@srve8908]

real talk she is pretty good with money

[@JoshIsOnAMission]

So glad videos like this exist. One of the reasons why I started documenting my debt free journey was this. ✌🏼

[@hellogorgeous101]

This young women is doing life/ money in the best possible way. Good for her!

[@dcocolove808]

Ch. Very heavy on the financial planning!!! Awesome

[@briannajohnson923]

Glamour - Please do how-to videos on saving, investing, etc. I've loved this Money Tours series, but it'd be more helpful if you showed the how-to side. Thanks!

[@kiwiperson]

I miss these. I like how they are anonymous! Excited for more!

[@katherineiverson8064]

This was a crazy cool breakdown of this girls life and salary and overall what she's interested in at the moment in life, I really love these videos please continue to make these. :)

[@goibby1323]

It's more important to be financially literate than to be worrying about higher salaries. Financial literacy is what leads to long term success and just increase in salaries. Most people are financially illiterate and doing the wrong things with their money!

[@willowandluka5302]

I have $9 in my account and maybe $7 or $8 of change in my car and I don’t get paid for a week.

[@blackprints]

Loooove this. Financial literacy is so important, especially for women! I totally agree that the money convo should be less taboo.

[@paceline]

This video was well done. Thank you.

[@josepha133]

I’m 22 and go to uni accumulating debt. Go meee. Not.

[@mukamaslove1986]

Sounds like u should switch to consulting and join the person in this video

[@berrylee5370]

i hope your degree is useful and the job outlook is good. Goodluck

[@arulmuralidharan5609]

What major?

[@josepha133]

Arul Muralidharan English. I know, a brilliant idea.

[@josepha133]

Mukama's Love it does

[@lilyindacity]

woah im early! i love this series

[@arpita8285]

This was actually so helpful and I like that her face wasn't showing.

[@isabellaruiz6885]

Wow she makes a lot of great points. And she also gave a lot of great tips on how to save / invest your money.

[@jaggsta]

$60 for utilities other lady was paying $500 LOL

[@derranlawston4052]

Jaggsta maybe some of it is included with her rent

[@22Kristina23]

I'm confused over this. I live in Europe, and her rent is over the top for me. But her utilities are so low... I pay that much just for electricity.

[@savannahmarie4490]

I live in California and rent is $2200 and utilities being around $300. I always thought NYC was more expensive.

[@1bwash]

Savannah Marie i live in Boston and my utilities are usually less than $40. It has to do with the fact that the apartments are smaller in the northeast (less space to heat/cool) and that water is included in the rent itself.

[@savannahmarie4490]

@@1bwash Ahh I see, it makes sense. I live in a house and in the summer just to run the air will cost me $500 because of the space I need to cool.

[@BEANBUG26]

How TF did she save that much

[@darkchurchhill]

this girl reads personal finance books for fun

[@FomegaDJ]

that’s not that much lol

[@hipnhappenin]

Probably started by her parents when she was younger

[@laurenschrader5129]

@@hipnhappenin or maybe shes a self sufficient woman who did it on her own?

[@ApRiL3706]

She is smart with her money. There's an acromnym called FIRE. Look it up and you may be converted

[@iamwindchakra]

She is very good with money, especially, at her age! That's great.

[@CaraMarie13]

I totally agree on the saving advise. I keep trying to open the conversation with my friends who keeps telling that she doesn't know when she will be able to save for retirement. She has no excuse for the mentality she has towards money because unlike many other people who can't save, she is able to.

[@FumIsChum]

*Cries tears inside my coffee cup and drinks it*

[@rab6121]

That feeling when the crack on the screen you thought was just a hair but actually is a crack.

[@jaywood9415]

I 100% agree that we need to all talk more about how much money we make, and how to grow it.

[@aashleyk78]

This is by far my favorite one! She seems so cool!

[@janethreeganehiarachchi7183]

Do one with a doctor!

[@missthang61606]

entire salary goes to student loans... there's your video

[@jchidi]

@@missthang61606 Wrong. Most doctors pay off their debt within the first couple years after they graduate.

[@biryani6243]

@@jchidi Currently in medical school, can safely say that that is false. After you graduate you have to do residency training for 3-8 years for 50k a year salary, no way you're paying off ~$200k loans (plus interest) with that unfortunately. And even after, most docs don't pay it off in the first few years of having a real job

[@jchidi]

@@biryani6243 I have many close friends and family members that are in the medical field that have paid off their loans within 5 years. Its possible with proper money management. I'll give you the benefit of the doubt though and reword my previous statement, "(Many) doctors pay off their debt within the first couple years.."

[@artistportal7744]

A doctor here myself. And what you're saying is simply untrue. Not sure what medical professionals you know, but for those of us who arent spoonfed with nepotism, the reality is grimmer.

[@tylarrrr11]

Me and my debt watching this makes my anxiety go to the MOON.

[@trolliwermz6524]

Proud to be 21 years old with a bachelors degree and no debt, currently making 70k a year and super happy being a nurse. These videos teach me to manage money better though because I'm still over the place with spending. This inspires me. 😎

[@aerohk]

This young lady has a bright future ahead of her.

[@so-ej6jb]

Assuming she graduated college at 22 years old, she was able to save 110 K in 4 years!!! Thats crazy!! She probably had no student debt. I just finished paying mine off, so I'm excited to begin the saving process!!

[@tplayne85]

somto ofoma congrats to you for finishing off the loans. I’ve been paying 10 years and still probably have another 10 years in school loans 😞

[@keonmorris3167]

no student loan debt..likely parents paid for it..they may have funded the first couple years of her post grad life as well making it easier to save. she talks about her family talking about money growing up so its no doubt they have money and instilled good discipline in her.

[@pedrovvale]

I came here thinking she was making $110 per month and was really confused 😂

[@BlackNight603]

Please more more more I love this

[@jjayjewel]

I really liked he solid piece of advice of saving money then when it reached 10K start investing the rest so it’s not sitting there. She’s smart

[@mrpokiesmeister6525]

Super smart millenial. Super impressed with this girl

[@matthewluck9077]

$2500?! A month?! On expenses?! I’ve never even had that much in my bank account

[@Shannon920]

This was a very good one!

[@leahthomas2980]

Love this girl

[@caylabrown5550]

What a life!

[@TheAbleeblee]

Very interesting to watch! Although, I don't necessarily agree that money should be talked about more in friend groups - you feel comfortable doing it because you have a lot of it, other people earning less might not.

[@SnapshotsByLexi]

It’s an interesting thing. I felt comfortable talking about how broke I was in college to people because they gave me more advice on how to manage it and get to a “secure place” but some people do get embarrassed. It’s a hard line

[@reganmyers8160]

They have these for all different types of salaries

[@sarahappy3204]

Lexi Scott and there is a huge difference between being broke and actually being poor. If you are just broke it might not bother you that much as it would be if you were poor.

[@NoorAnomaly]

I agree about talking about money. I show my kids how much we have and when they go: WOAH, that's a LOT, I show them my monthly budget, so they know I can't just go spend it on anything and everything. Doesn't mean we don't have funmoney. Having set a budget though is something that's giving me a lot of financial security. For the first time in 12+ years I have savings and we're not living paycheck to paycheck, like I was when I was married.

[@jackiw7]

Wow, this one actually sounds honest

[@jenny72089]

She’s the closest to how I save, spend, and salary. The one thing I can learn is to study more on how to invest

[@phuntsokbill]

I'm finding it really difficult to comprehend how she's saved up so much at only 26. Even with a salary of $110K per year, saving that much is stupendously impressive. This means she's been getting paid close to that amount for at least 4 years and has been saving quite aggressively.

[@jonahum92]

If you max out your 401k and IRA you are saving 23-25k a year. Adding to that that many companies do some kind of match of your 401k contributions, you could be adding an additional 5-10k a year. Seeing that her net salary is about half of her gross, I am assuming that is what she is currently doing. 3 years of doing that already puts about a 100k in your savings. This is also all pre-tax money so in reality is like you had saved 70k.

[@pagieshay1]

Inheritance exists

[@Jakeylicious7891]

When I was promoted to Chief Program Officer at the CDC in Washington before moving to NYC, I was earning around 150k+ a year. You think you get to spend what you're earning when you don't realise you're on-call 24/7 and constantly travelling. The maximum sleep I've gotten is at least 4 hours and I've already mastered the art of intermittent sleep. The only R&R I've gotten is my 1 hr morning gym and 1 hr nightly runs. I'd probably enjoy my salary by the time I retire.

[@alexisrenteria1148]

I love her personality

[@hollygalvan3536]

I wish she would share what books she purchased. I am trying to improve my relationship with money and am very open to book suggestions!

[@thestorykeeper6818]

Start with "Your Money or Your Life" by Vicki Robin and "The Money Book for the Young, Fabulous & Broke " by Suze Orman

[@nannibunni]

The financial diet. I can recommend that one

[@benetthomasjohn9855]

Rich Dad Poor Dad

[@pixpusha]

The Richest Man in Babylon

[@pranshuanand4560]

@@nannibunni yeah that book is really good.......But frankly speaking books won't help you that much (I used to read a lot). They can provide you a general direction but they won't give you any kind of road map as everyone has different kinds of needs.

[@IshanAli]

*cries in poor*

[@eamcbmsc]

Ishan Ali you really are everywhere!

[@kevinhoang4222]

I know! I see this dude EVERYWHERE!

[@anisafarooq1426]

WTF YOURE EVSRYWHWT

[@humadapumaa]

Why are you on all the videos I watch????

[@ZombieAmi]

I love theses videos

[@chandlerpatterson698]

Why is this oddly satisfying to watch

[@aileens488]

Wait She makes 110k a year and after taxes that’s 4.2k a month. If you multiply that by twelve it’s only 50.4k. Half her salary goes to taxes?

[@victoriak5236]

Yup, that's NYC for you

[@weiwu474]

401k and ira

[@alreadylost6587]

I'm so jealous right know just lost my 40k a year job 😭

[@n8eyn8]

I LOVE THIS WOMAN SHE IS AMAZING :)

[@scravistott7730]

This is really interesting and impressive. A lot of young people don’t know how to manage money as well as her

[@oiuytr100]

I’m 25 with no debt and the military pays me to go to school

[@MarcPhillips817]

I liked seeing my favorite Upper East Side restaurants and destinations on her statement. I wonder if she's my neighbor!

[@issywelsby6698]

I involuntarily clutched my chest when she said she has $110,000 in savings

[@rocklesson86]

You make me want live in NYC even more.

[@MakaylaDawn]

“Whenever my chequing account gets over $10,000...” Can’t relate

[@Spilululily]

I think it would be more interesting to know how she grew up and what her parents did that made going to college and getting a great job this easy

[@crimdus5041]

Inpuza money makes money lmao

[@Spilululily]

Inpuza shut up 🙄

[@Spilululily]

crimdus exactly that’s why the poor stay poor and the rich get richer

[@handsomelok]

I love how she can still have a life while saving money for the future.

[@joseboy1993]

Lol I love this girl!

[@destiny6261]

How do I apply to do this? I’m a college student on my own making less than 20k... I would love to do this!

[@radharman]

Destiny Manns Look into studying computer science or business with a focus on computer science. Being able to code also makes a huge difference. If you have time start learning python now even if your major is something else.

[@SnapshotsByLexi]

Know data. Data jobs are where the money is. (source: I’m a senior consultant and make about what this person does)

[@JK20239]

@@SnapshotsByLexi talk about long hours and stress. She probably works for 1 of the big 4. 110k doesnt come easy

[@thesethirties7722]

You can do it @Destiny Manns !!! Major in something very practical (tech, finance, accounting), connect with your career office at your college and intern as much as you can. Although not possible for everyone, limiting the amount of college related borrowings or going to a more affordable city or state college would help as well. Good luck!

[@SalubriousIntoxication]

Yall dumb she’s talking about the video. How to apply to be in a vid like this.

[@jackiechua8938]

Confused about the 4.2k monthly takeaway. Is the tax around 2-3k? (not sure what % goes to retirement plan). Since 110k annual should be 9k~ pre-tax

[@matts2466]

Videos like this are so great! Financial literacy is CRUCIAL

[@InvestingBookSummaries]

I like finance things, this is cool to see

[@jadondrew1445]

$110k a year in NYC is like making $60k a year in Texas 😂

[@goaliedude32]

only 9% of the country makes $100k + per year Edit: I was wrong, 9% of individuals make 100k+ per year. My original number was households with more than 1 earner.

[@kaycee376]

lol that's like well over 50 million people. that's tons of people.

[@dragstar8127]

ONLY LMAO, In germany, which is considered a rich country, 4% make 100k or more a year

[@goaliedude32]

@@kaycee376 there's 7 billion people on the planet

[@PetitChouPumpkin]

“I think more people should talk about money more.” Well it’s easy to when you’re making that much LOL

[@waste_of_grace]

Currently crying into my ramen while watching this

[@puppykittypuppy]

help im confused. she says she makes $110,000 a year but $4,200 a month after taxes... which equals $50,400. seriously??? taxes take out over half?!

[@beatricerights]

I make about the same. Taxes plus maximum 401k contribution takes half your pay.

[@annonnie]

Yup, that's correct.

[@toastoneggs7356]

And no healthcare Lolol just paying tax to bomb the middle east

[@mukamaslove1986]

@@beatricerights that's so sad 😔

[@berrylee5370]

no taxes didn't take out half, it's her Roth IRA contribution.......retirement fund, also people out of the U.S don't realize that America has State and Federal income tax. Some states don't have state income tax, but the majority do.

[@deborahl3083]

110K in savings?!

[@lidya5882]

That's not impossible if you religiously set aside some money towards your savings instead of spending all of it.

[@RoseLe]

Also, if she works for a good company, the company will give or match her contribution to the company pension plan. Mine matches 3% of my income.... so I get 6% in retirement savings.

[@deborahl3083]

Lidya Chu that is so impossible. I think it’s like 70% of Americans or something that have less than a THOUSAND dollars in savings??

[@Aeropostale928]

Lidya Chu that’s so impossible, considering most Americans make less than 30k a year and most of that goes towards bills. This girl must have had rich parents who sent this up for her

[@colorfulcodes]

I know...that's insane

[@kar3n35]

I have a way of making chooses in life: what I need, what I want, what is convenient/my best interest. Example if I need a car I need a vehicle. I want a huge truck In my best interest is a small truck. So my want goes out the window and I would choose 3rd option. I always run things like that that way I avoid making decisions based on What I want.

[@NutsyLaRue]

Ugh. "Very generous, I know." *smug chuckle*

[@freakingbambi5918]

I think I would invest in a property if I made 110k by trying for a mortgage instead of paying someone for rent as soon as that was possible. But its super cool to see how she puts such a big chunk of her money into her savings instead of living day to day :)

[@tazwanandurson]

Freaking Bambi even though when you pay for a mortgage not all the money goes to someone else. In a mortgage you pay the interest which like rent is kind of throwing money away.

[@freakingbambi5918]

​@N P I agree, this was just my opinion and all i said was what I would do

[@sfowler1017]

I would assume with $110K in savings she's saving for a down payment on something decent in the City. That would be a huge down payment in most of the country, but in New York....

[@freakingbambi5918]

@@sfowler1017 That's probably what she is doing and hence my comment that I would probably do the same with that kind of salary :)

[@omgsockss]

Oh God, I really hate hearing people repeatedly making this point. When you are paying rent you get something in exchange for the money you spend, you get to live there! in NYC if you buy an apartment you have to pay a maintenance fee in addition to your mortgage. Realistically, even with her income, it would be difficult for her to afford an apartment in a neighborhood that she could more easily afford to rent in.

[@enlightenedlotus336]

I spent half my money on gambling, booze and wild women and the other half i wasted

[@FISHGOMOO4321]

People worry too much about trying to look rich instead of actually becoming rich. I live a relatively simple life style, and I only buy things when I know for certain I want/need them, and it will always be high quality... So I don't own a lot of things. So when the conversation comes up about money, people are genuinelly shocked about what my net worth is. Make sure you pay yourself FIRST when you get your pay cheque and give yourself a budget, and tailor it to your life style. Yes, you may have to make some sacrificies, but if you want to have financial security you have to.

[@elizabethreinicke8556]

Honestly I was expecting luxurious and extravagant purchases. These are just as normal as my own. Except for the cab rides which I don’t have in my town. Completely normal.

[@Lizestechreviews]

The fact that she has $110,000 in savings is the only reason alone I can understand how she makes that much at such a young age. The type of person it takes to even save $110,000 and not spend it on a super car or several Louis Vuitton bags, or vacations has a very above average mindset and an INCREDIBLE amount of persistency and self control. So that alone, makes me understand how she deserves to be making that much a year at such a young age.

[@joesr31]

nah thats just in certain countries. Many people in asian societies have a habit/culture of saving, it is not surprising if they save up to 40% of their income if they could.

[@euenfheiejrj]

That's the nice thing about living in NYC you don't need a car so you save a lot every month by not buying one. And Louis Vuitton bags are ugly

[@makingthestartup3384]

Just forget the money saved.

[@BootzDaMan11]

So putting aside 500 a month for saving and investments yet has well over 200k in savings? That doesnt add up shes only saving 6k a year and at 26 thats nowhere near 200k+ in savings.

[@Chaywatchesvideos]

BootzDaMan11 she has $110k in savings, which only $40k of it is actual saving / investments (excluding retirement funds) it showed the breakdown at the beginning.

[@BootzDaMan11]

I added the bottom totals to the top 110k in savings

[@mackaruchi28]

A good company will also match your contribution to 401k

[@BootzDaMan11]

Ok if it is just the 110k then it is more realistic

[@mochacream3923]

😆Sounds like generational wealth and / or some extremely large bonuses.

[@elliotkemi]

The good thing is she has track of what she spends her money on and why. If you forget that, you may think it doesn't matter and spend more money than you need to. She thinks well of her money and put most of it in to savings. Everyone can make money if they just be smart and learn how to save. Peace ✌

[@dw-oc7uj]

She has $100k in savings at 26 oh my word she's got it together