Living On $133K In NYC At Age 22 | Millennial Money

Gabriella Carter, 22, lives debt-free in New York City after winning $2 million in scholarships to go to Princeton. Carter is the founder of Growing with Gabby, a business that helps students secure scholarships for college. Last year, she made just over $87,000 from her business. Coupled with $45,000 from her corporate job and around $1,000 in earned interest, her earnings totaled about $133,000 for 2022. Carter plans to expand Growing with Gabby and create more content about money at large.
Check out Gabby's website here: gabriellacarter.com
And Gabby's social media profiles:
_growingwit...
/ growingwithgabby
www.youtube.com/@GabriellaCar...
This is a Gen Z episode of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.
What's your budget breakdown? We're looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money: cnb.cx/3OxbJ71
Produced and shot by: Valentina Duarte
Managing Producer: Beatriz Bajuelos
Additional camera: Tasia Jensen
Editor: Marisa Forziati
Animator: Elham Ataeiazar
Additional Footage: Gabby Carter
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This 22-Year-Old Princeton Grad Earned $2 Million In Scholarships | Millennial Money

[@AntonioBianh]

INSPIRING!! Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@SophiaChristian-so2of]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.

[@MarkFreeman-xi3rk]

Given the prevailing market conditions and the potential risks associated with the current economy, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold. Alternatively, seeking advice from a financial advisor could provide valuable guidance in this matter.

[@cythiahan8455]

@@MarkFreeman-xi3rk Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.

[@MarkFreeman-xi3rk]

Cant reveal much info, Margaret Johnson Arndt is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.

[@JenniferDrawbridge]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing..

[@AmberTyseti]

She is the definition of “when there is a will, there is a way” good for her and the future

[@an67481]

She is the definition of affirmative action and equity clauses, actually.

[@fa11234]

​@@an67481 Oh, by the way, all these programs such as the GI bill, HUD, FHA, free colleges tuition which gave rise to the middle class, especially the white middle-class all came from Affrimative Action programs. So, according to you we should all get rid of them. Well, thanks to some racist white people, they already got rid of some, where there is no longer a middle-class anymore in the U.S.

[@career5690]

@@an67481🤦🏾‍♀️

[@achnix3167]

@@an67481 yeah like if theres a will theres a way ...IF youre black and want A Scholarship lol...studying your "ancestors" blabla

[@TheModernInvestor]

$8300 a MONTH in savings... she has no idea how wealthy she's going to be by the time shes 35 years old

[@lenaprice6239]

Exactly!

[@ShenitaMoore]

I’m twice her age and she’s taught me so much in less than 10 minutes! Kudos to this bright young woman! 🎉🥰

[@ProphetRay]

That's wrong because she's misusing the funds Takng away opportunities from orher people to go to college and using for own selfish reasons

[@aldralee]

22 years old and absolutely killing it. So impressive.

[@z_ed]

Gen z

[@potato1084]

@@z_ed Yeah most of us are out here trying to make it

[@chantalsmissingselfawarene7655]

She's a TOTAL WINNER! You go girl! I know you are making your parents so proud!

[@portalomus]

So refreshing to see someone who works really hard and is smart with their money. She's earning a lot so young, but she's saving and investing it for the future. Such an intelligent person!

[@mattiaslp9645]

onlyfans is in her future. trust me.

[@justinlucas1228]

@@mattiaslp9645 you're a sick hater

[@kayahardin1640]

@@mattiaslp9645 Why so?

[@career5690]

@@mattiaslp9645 That’s negative to say.

[@ChiLe-bw1vv]

@@mattiaslp9645 what is your problem? It’s probably hard for you to see other people succeed and thrive

[@4.carmeljwn]

She is so blessed! Ivy league degree..free ride! Graduating from college 🎓👩🏿‍🎓debt free puts your life in a wonderful place of freedom.

[@daniella8400]

Yes, you’re right but she worked hard for that and there are many ways to obtaining degrees without debt. I went to college on a full ride band scholarship, then joined the military free masters. IT’s opportunities out here but you have to be focused and hardworking.

[@meks194]

Ivy League for a 45k job. 😬

[@daniella8400]

@@meks194 she graduated one year ago. That’s a decent salary for someone with little experience.

[@daniella8400]

@@draedon_ right it depends on the degree you can make more but she’s definitely make more the the average amount for a recent college grad!

[@neuchaos]

@@meks194 the job was $90k as she stated later in the video and that was just entry-level straight out of college. The $45k was them reporting the income for half of the year.

[@TheAlfredPlatform]

Applying to scholarships is 2x more strenuous than applying to jobs. Congrats to her.

[@veliciawilliams3776]

It really is , but you have to decide that your future has so much more value to get busy with applications.

[@AeroDepartment]

Nah, I used GPT-3/GPT-4 and got a handful of scholarships with little to no effort.

[@AeroDepartment]

I stopped at 40k though cause it felt a little too unfair

[@TheAlfredPlatform]

@AeroDepartment I went to college from 2009 to 2013 so technology as we know it today wasn't available.

[@murk959]

​@@AeroDepartmentdid you actually get them though?

[@SAnderson54]

Why am I proud of her like I know her!?! Shout out to Gabby. She's on a great path. Nothing but peace and blessings to her!!

[@veronica.baker1]

Impressive video. I started a bit late (graduated from my doctorate program at age 30 in 2014 with 170k in school loan debt). Managed to pay off my debt by 2019 and currently have a house and 250k total in investments (combo of profit share, 401k and a brokerage account). I'm not very knowledgeable in investing, so I just have my investing currently in index funds mainly Too but have been putting a lot into Schd the past few months. I don’t know if that's the optimal strategy, but psychologically it is very set it and forget it, and prevents me from obsessing over individual stock performance.

[@james.atkins88]

I’m thinking of doing the same but not sure if I should use different brokerage accounts? Just curious. Pros and cons?

[@edward.abraham]

@@james.atkins88 Instead of using different brokerage accounts to purchase index funds or individual stock, compare your age(s) and how much time you have estimated till retirement, you can also opt to consulting/working with a fund manager/advisor for an “optimal strategy” to outperform the bear market.

[@rebecca_burns14]

@@edward.abrahamPlease tell me how I can think I have such skills. My funds are being murdered by inflation, therefore I'm looking for a more profitable investing strategy to put them to work.

[@edward.abraham]

@@rebecca_burns14She runs her firm under her name "Julia Ann Finnicum. You can find her contact page if you research her. Do your due diligence you'd find all you need to know.

[@hunter-bourke21]

@@edward.abraham Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call. She looks experienced, I hope she doesn't ignore me.

[@girlabouttown9294]

Very switched on, she's going places. Her family must be amazingly proud of her, especially coming from humble beginnings

[@armanithompson1029]

Big up yuhself gabby, not many Jamaicans might be watching these but we are here and we are very proud. 1 movement we say

[@tahsinhossain1389]

This is literally my favorite video. I love seeing women of color succeed. Shes so amazing gives me so much hope and inspiration.

[@bluebellbeatnik4945]

same

[@HomersIlliad]

The youngest Millennial is around 27 - they should start calling this something like "Gen Z Money."

[@kaydod3190]

Doesn’t matter.

[@jordanasberry8729]

They did. The video just used that title in the opening

[@fuosdi64]

Yeah the youngest millennials are 26 turning 27 this year. This is firmly Gen Z territory if she's 22...

[@H20fanatic20]

Did you watch the video? The opening it said was Gen Z money

[@HomersIlliad]

@@H20fanatic20 This episode is called "Gen Z Money", whereas the series is still called "Millennial Money."

[@BarbellFinancial]

This woman is amazing!

[@hannahmuellenmeister]

AGREED.

[@stephane1623]

Good for her! I have a similar story but earned about 45K in scholarships.

[@alexanderfinlay9639]

Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less than $150k per year, but nothing to show for it yet

[@manylinkz.lining]

The fact that you’re watching videos like these at 27 years old means you have a pretty good future in front of you 👊. You should have a good financial advisor on your team

[@alexanderfinlay9639]

@John Tipton-butler Thanks for your contribution. Having a guru determine and coordinate your overall financial strategy sounds like a good plan. I just have one questions, what worked for you, how you got an Advisor and how's it going so far?

[@manylinkz.lining]

@@alexanderfinlay9639 I found my adviser during one of my routine researches a while back, during the covid period. Luckily, you don't have to do that again. There're a handful of them now but I only trust Kathleen Carole Yanelli

[@manylinkz.lining]

You can look her up and expect a lucky start

[@Tashas_Travels]

I’m a 26 year old low income earner, I managed to save up my first ever $1000 emergency fund. So save even the little you can space it grows . I am now on my way to saving 6-12 months worth of my living expenses and learning a new skill (as a nail tech) so that I can be able to bring in an extra $300 a month part time for now that I’ll put in unit trusts. From little things, big things grow. Don’t give up.

[@Edna825]

The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?

[@Justinmeyer1000]

Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.

[@carssimplified2195]

@@tudorrwilson That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@carssimplified2195]

@@tudorrwilson Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@arunog1934]

Been watching this series since the beginning. One of my favourites on KZbin!

[@mdavis3262]

Love seeing other Jamaicans doing well 🇯🇲 🇯🇲🇯🇲

[@helena3631]

Me as well

[@Brucelee89896]

immigrants know the real struggle unlike americans some

[@erinm.andrews8941]

What an inspiring story! I’m so proud of Gabby. 🎉

[@vee9043]

I wish I was this smart when I was 22. Loved her story and the series.

[@DMAE464]

As a young Jamaican immigrant watching this, I just wanna say Thank you!. I am In my last semester of nursing school and I am struggling to pay my tuition without getting into student in debt. This was very inspiring, I am going to go check out some scholarships now..

[@Peckz1949]

Anywhere we go, we succeed!! 🇯🇲🇯🇲🇯🇲

[@candyjamaican]

Mi seh ano lie!! Mi proud a her till it buck

[@4evahodlingdoge226]

Immigrant mentality make people succeed, a lot of these people born into these 1st world countries are too comfortable.

[@abbygalerowe1254]

🇯🇲🇯🇲🇯🇲🇯🇲🇯🇲

[@helena3631]

Periodt🙏🙏🙏

[@kemi1486]

Same suh! We have audacity (the best kind), confidence and determination like no other. Gosh I love us 💕

[@jminor318]

TRULY Appreciate this information!!

[@young_wells5945]

Much respect, love her story!!!!!

[@KeniaClaus]

Brava, Gabby👏🏾I’m so proud of you! She said something so important and I never thought of, after getting rejected 30 times she got discouraged but she got the first one and she still had the writing skills from practice and perfected the skill. Big up yourself Gabby!

[@MsMockingbird06]

My favorite Gen Z money episode so far! She’s doing an amazing job!

[@lindapoplin7150]

You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in crypto from just few months ago and now they are multimillionaires..

[@johnchris7085]

Unfortunately The majority of individuals seem unaware of and careless when it comes to investing, despite the fact that it should be the best thing a person can do for himself. My gains from stocks and cryptocurrencies are still having a significant impact on my fortune. So I have no inclination to rely entirely on my pay or to wait for the market to go up.

[@andreajueal8243]

My regret is that I depended on the government for my retirement, my financial security, for everything and got screwed. I will advice you invest.

[@lincolnjack3198]

@@DavidLopez-nw3kr real estate is good but crypto is better

[@kelvinmcdonald5113]

Now is the best time to purchase and invest in bitcoin, stop procastinating

[@stevewilliams760]

I diversified my $25K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $450k in net profit across high dividend yield crypto in few weeks or months.

[@cookiejoanna]

Love seeing a fellow Caribbean woman on here ❤❤ definitely gives me some motivation. Big up yuhself !

[@cameronmanning8606]

I remember seeing her on campus. She's definitely seemed like a cool person. Super happy for her

[@carmellabrown3335]

Love, Love, Love it! Wishing her nothing but the best and more success!!!!!!!

[@las1129356]

omgg, I remember watching her college acceptance video. I had DM,d her about a scholarship program and she was so nice and helpful.

[@godlovesyoumorethanyoucane4239]

GO GIRL!!! Wow wow wow. You are truly inspiring ❤

[@BlackManTravels]

Inspiration to many... keep up the amazing work

[@karltonsullivan2564]

I'm going to show my daughters this video. What an inspiration. This young lady is very admirable and special. An over achiever to say the least.

[@melipooh1986]

Yasssssss Jamaican immigrant 💪🏾💪🏾💪🏾💪🏾❤❤❤🇯🇲🇯🇲🇯🇲🇯🇲

[@laurenraquel]

I applaud Gabby for her dedication to getting as many scholarships as possible for school and finding a way to set herself up for post-grad life. So many students are unaware of the multitude of scholarships available to them, or they are afraid to apply since they don’t believe they are “qualified.” If you’re a collage student, apply to every scholarship; even if you only meet 1 requirement.

[@veliciawilliams3776]

It very good to see Gabby putting money into her retirement accounts while she’s young.

[@dulcemaria22120]

Good for her. She is such an inspiration. I love the younger generations!

[@shaamoraharden2797]

Congrats to her. That was such an inspiring video.

[@rachel6ix]

She is noooo joke! We love to see it. ❤

[@ProphetRay]

is this how all black act? like for reals she's taking away opportunities from other black women to live a life of excess

[@nicford548]

So so proud of Gabby ! I see you live in my neighborhood in Harlem, so I will definitely say hello, should I bump into you. You’ve already achieved so much at such a young age. May you continue in your quest to do more.

[@leelowe1]

I love this! I'm from Jamaica too and it is great to see others come from very little and succeed, not falling into the trap of consumerism. She is a hustler and seems to have a good knowledge of financial literacy. I love that her business is to help others find a way to fund their education without crippling debt.

[@torriemcglory2149]

Congrats Gabby! Many continued blessings! Keep shining star! 😁

[@RoxiieSays]

So proud of her!! Yes girl!

[@itshollyw959]

She is SO AWESOME!!! Love hearing about her journey so much

[@02nupe]

This is extraordinary. Salute to this sister.

[@lenaprice6239]

I can't applaud the young lady enough for starting her own business, at the age of 21/22. Being an entrepreneur is really the best way to achieve financial freedom AND peace of mind. When you become your own boss, the sky is the limit and your salary/income will never be capped. Also, you won't have to worry about getting "fired," or being unemployed or having to placate to office politics or making another person rich. I wish Gabriella Carter continued success with her thriving business, that adds real value.

[@lexm17]

🤖

[@scheenekendrick9009]

I’m so proud of her!!!

[@HallmarkRocks]

Congratulations 🎉

[@gbb82]

Say what you want about America, but it’s still a dynamic, progressive environment to thrive. I was also born in London, lived in the US most of my life, and I am now retired to Jamaica to take care of a parent. In Jamaica there are virtually no opportunities for the many bright young people here, it’s sad to see how stifling this environment is for them.

[@lenaprice6239]

Why aren't there any opportunities in Jamaica?

[@gbb82]

@@lenaprice6239 The Jamaican economy is too small to absorb the thousands of high school and college graduates on a yearly basis. It is not diversified enough. The options for many young Jamaicans are limited to the tourism sector (working at a hotel), bauxite, agriculture and a small business and financial service sector. Fifty percent of the government’s revenue is used to service debt (e.g. the IMF), leaving them with little for infrastructure improvement, which could employ thousands of Jamaicans. For many of them the best option is to migrate to the US, UK or Canada.

[@lenaprice6239]

@@gbb82 Thanks for the info.

[@themonsterwithin4000]

@@lenaprice6239 The real truth is that every country with a trash economic life for its people simply has greedy politicians stealing all the riches for themselves.

[@kemi1486]

@@gbb82 I totally agree and its heartbreaking. Looks like the Jamaican people will have to save ourselves because the government’s focus is extremely limited. I think Jamaican Repats could be start of a solution. Return with education, experiences and finances to start businesses to help our fellow countrymen and women who are so educated but lack quality career and job opportunities there.

[@taradballou]

I love EVERYTHING about this, everything. Excellent job, Gabby!!!!

[@candidlyclaudian]

Gabby is the real deal!!! So brilliant ❤

[@candyjamaican]

I had to addressing these comments that I forgot to congratulate Gabby. Baby girl stay winning. We proud a you Mi Gyal. Proud baddddd

[@owenmurphy2022]

More of these please!

[@TeeRql]

i love this for her! keep shining & keep growing, gabby 🌟

[@roxiechristie8809]

Wonderful video!!! I am so happy and proud of her.

[@ashleyreyna9100]

Amazing I love to see young people thriving 👏🏽

[@Joliejenni]

Inspirational ❤

[@jaybloomfield5082]

Just love the nonstop uptalk.

[@RonnieHouseJr]

Wow! Great job Gabby!!!

[@dangerclose1]

She’s crushing it! Princeton, 22, pulling 133K. Sheesh!!!

[@diane5726]

Keep going young lady. 👏🏽

[@emmanuelharbor2350]

Inspiring contents

[@ms.inspiration385]

Brilliant young lady! May she continue to have much success in her future endeavors ❤

[@brownbbydoll1777]

Wow such a beautiful intelligent nature young lady & she comes from humble beginnings. More blessings to her ❤

[@camelio10]

2 million in scholarships was how much was offered. Not how much she took

[@truthseeker4460]

What a blessed beautiful young lady! She doing a great job!

[@TmFBaBii]

Love it!!!!!! 👏🏾👏🏾👏🏾👏🏾

[@eojuka]

Way to go, Gabby! I will recommend your business to my friends and fam.

[@cassandralamey1990]

Fellow Jamaican here, so proud of you !!!

[@kavitvichhivora7025]

massive respect!

[@lillianzhang_]

very inspirational!

[@JD-je4jf]

This kids a winner. Those are the type of interns we look for in my company. She's got a bright future.

[@MerrilDiniz]

Fantastic story - love the style, the vibe, the vision, and also really using one's one learnings to fill such a gap. More power to Gabby and her business, and upcoming show. Hoping I can watch it from India!

[@shea1219]

I am so proud of her!❤❤❤❤❤

[@leoneranger9348]

Great hustle and vision. Also props to her supportive parents 👌🏾🙌🏾

[@stop08it]

I LOVE her definition of retiring early

[@blackqueentyra4705]

Yasss Gabby!!!!!!!

[@msf8297]

love to see it!!!! i am in the rejection stage so hopefully, I am in similar shoes as her. this is inspiring

[@monica9070]

She is a breath of fresh air!! 💖

[@tiawells7455]

So inspiring!

[@habituallinestepper3927]

Proud of her ! Go Gabby😊

[@myosotismalva]

Congratulations Mrs Carter ❤🎉

[@irmakalember3709]

Wow amazing. Congrats girl. U got it

[@jazzymurray2829]

Now this girl is amazing! Congratulations to her!!

[@Jonteponte71]

$2M in scholarships is more then I have made in total in my carrier. I'm not in the US but I have a masters in Computer Science and have had a 25 year carrier in IT (so far). This is pretty insane.

[@girl2h4u]

I will note she is impressive! But earning $2 million she is adding every scholarship she ever got offered.she can't accept them all because some of them (most) were tied to schools she did not attend. Almost every school will offer you a scholarship once you get accepted!

[@azmrl]

*career

[@D13vest]

The holes in the story in regard to that

[@jones2277]

@@girl2h4u that was what i was thinking. many of them are also need-based, so having all the scholarships can actually count against you for tax purposes.

[@neuchaos]

She received $2 million in scholarship offers from various schools and programs, a common achievement among top students, with several at my high school reaching similar figures. At Princeton, she probably had tens of thousands to hundreds of thousands in scholarships and grants annually, covering not only tuition but also living expenses. Her refund checks were probably several thousand dollars per semester, combined with her work income, enabling her to save over six figures by graduation (4 years). This is remarkable, as most students graduate with debt or minimal income, she was essentially getting paid to go to school. Very insane, Most working adults cannot even save $20k in 4 years let alone 6 figures.

[@LeXx0r]

Congrats on your success, amazing to see! You could make your consultations prepaid only. That way you don't have to worry about getting paid or getting paid on time

[@DJxMIU]

Yes yes this is excellent!!

[@misunderstoodkj]

Yaaaaassss Gabby!!

[@DaintyDaphne1]

Yes sis 🇯🇲 love it 🎉💪🏽

[@saanthiiii]

This is so inspiring

[@prettypuffprincess]

LOVE TO SEE IT❤❤❤❤❤❤

[@TT-jo8pz]

Congratulations Queen ❤️

[@ne0ven0m]

She’s killing it!

[@AmaraAnigbo]

Some of these comments are really sad😢 regardless keep killing it Gabby! You are so strategic and smart. I love seeing black woman win!

[@eventconsultants7010]

Talented, Intelligent and Impressive.

[@mika2885]

I’m so proud of her!!!!!