Living On $172K A Year In NYC | Millennial Money

Drake Pooley, 23, lives in New York, NY, and earns $172,000 a year as a consulting associate. He earns a base of $120,000 with an additional $47,250 in compensation from his bonus, profit share and extra 401(k) match.
This is the latest installment of Millennial Money, which profiles people across the U.S. and details how they earn and spend their money.
Read more about Drake's budget breakdown here: cnb.cx/2AHq4Zq
As an associate management consultant for a top New York City-based firm, the 23-year-old spends Monday through Thursday in a different U.S. city - Chicago, Cincinnati and Nashville are all recent destinations - helping organizations come up with solutions for the problems plaguing them.
He frequently finds himself working out of hotel rooms at 11 p.m., but doesn't mind the long days. Working hard, Pooley says, is in his blood. His dad is an entrepreneur who is always coming up with a new business idea to test out. But it's his grandmother, a Lithuanian who came to the U.S. from Venezuela at 14, who Pooley most admires.
"My grandmother was actually a refugee. She was the hardest working person I ever met," he says.
On the side, he coaches Chinese college students on U.S. and Chinese employment processes, helping them navigate the beginnings of their careers in a foreign country. He charges $100 per hour and brings in around $400 per month.
"I've lived in China twice, and I'm very familiar with how Chinese students think and also the cultural differences," he says.
» Subscribe to CNBC Make It.: cnb.cx/2kxl2rf
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates: www.cnbc.com/make-it
Find CNBC Make It. on Facebook: cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
#MillennialMoney
Living On $172K A Year In NYC | Millennial Money

[@CNBCMakeIt]

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

[@nathanswenson1887]

I'm 28, work just outside Philadelphia in investment management, make $400k.

[@pacwinds8221]

please no more NYC. been done to death. why not focus on cities Millennials are flocking to, like Raleigh, Dallas, Phoenix, etc.

[@blank.9301]

I wish I lived in Denver, but I'm Australian 🇦🇺👍🐨, lol.

[@NateOBrien]

I live in Philadelphia... 🙋🏼‍♂️

[@johnanna6047]

I am 24 and I live in manhattan while working as a software developer and make around $290k from my main job and around $80-$90k from other freelance projects and investments.

[@einnorw]

wtf why is he so likeable i wanted to be salty about this

[@Clownconspirator]

duster is the best band of all time

[@rahulkahol]

😂

[@MichaelWaltz]

I agree! I was so ready for a “I make 173k but i’m struggling to pay for all my drugs and women” but I really enjoyed watching and think he’s a great guy!

[@jonathan-rw3mx]

Because he has money.

[@einnorw]

@@jonathan-rw3mx no, that's what I wanted to be salty about lol

[@toyosauce6993]

He's making 6 figures but I'm here, 23 and just sharing memes whole day.

[@bolshevikrasta1027]

he is working 15 hours a day! HEY MA CAN WE GET THE VEGAN MEATLOAF! HEY MOM THE VEGAN MEATLOAF WE WANT IT NOW!!!!!

[@user-ul5gi9yw9t]

Dw bro I'm 24 and earn 60k a year and I thought I was ballin 😔

[@ndhdhdbjendidnd1246]

@@user-ul5gi9yw9t that's still pretty good for 23

[@warrior4958]

Michael Jackson that’s good af. I make 85k sitting at home and I just turned 24

[@ndhdhdbjendidnd1246]

@@warrior4958 I make 450.6 Billion a year! Just be confident

[@14thegr8]

I met him here at Stanford (he attends the Graduate School of Business and I am an undergrad). We chatted for a while at the Arbuckle dining pavilion. He was very gracious and insightful.

[@thinhduong9933]

Jealous

[@DivineAffection]

Stanford GSB holy crap that's a bright future for sure

[@Jessica-li2ib]

He is indeed a nice guy

[@BinaryzeroNYC]

@@Jessica-li2ib lol

[@Jessica-li2ib]

@@BinaryzeroNYC ?

[@mikemach7804]

My dad never made more than $150k a year (only salary the family), but he was at all of our after-school activities, coached little league, ate dinner with family every night, and still saved enough to pay for (modest) vacations and half of our public college tuition. He just visited Europe for the first time and is excited to travel the country in a camper van with my mom during retirement. My MD makes over $2mm a year (in addition to a highly-paid spouse) and stresses about private boarding school tuition, misses family events, takes weekly 6am cross-country flights, and regularly questions if the delayed gratification plan he's had for the last 20 years will be worth it. I spent my childhood years wanting for the life my MD has. Now that I'm on that track, I envy my dad.

[@aeyk781]

Save up like 7 million and you will live like a king in India just of the 5% p.a interest your savings will earn and never have to work again.

[@uvarubi3223]

@Mike Mach What your MD does for a living?

[@uvarubi3223]

What MD means?

[@ezekiellucas4857]

@@uvarubi3223 managing director. It's a leadership role overseeing a few teams at a consulting company or at a financial services company.

[@faheedshafau9028]

@@ezekiellucas4857 Or Doctor of Medicine

[@fasthandsz]

As long as he doesn’t act like the 3 guys in the metro train in joker he’s cool

[@jmartn677]

fasthandsz 💀💀💀

[@burrichjoker5328]

Lmao

[@oDyLaNx]

Don't be salty that you are poor. Be motivated...

[@fasthandsz]

Maurice Hendrix don’t be salty that you’re dumb

[@angellacanfora]

"send in the clowns..."

[@qanh96]

You just called me poor for 6 minutes.

[@tententententententen9191]

5 minutes and 52 seconds Plus ads 6 minutes at 52 seconds :D I know im an ahole

[@dopeschool]

Same.

[@TB-vb3ov]

@@johnperic6860 Not denying those statistics ,but can you provide a link or show some other concrete proof they're correct

[@marquisjones560]

Don’t forget lazy😂

[@kibskibs498]

John Peric household income, not individual salaries

[@TennaciousF]

right now im struggling with my mental health. Im 22 and living with my parents, but when I get over this im going out there to kick some butt

[@sarina1196]

You got this! Good luck with everything, I hope you achieve all your goals

[@dcflow7859]

I wish you the best! Keep pushing through!

[@daveyjones3016]

Exactly same boat. Currently taking gap years before grad school. You take the time you need. You got this.

[@AtulPandolkar]

Good luck

[@arshpreetkaur9]

Same situation. EXACTLY same. Wish the best for all of us here.

[@caraserena4845]

He is sooo likeable, he is not very stuck up and seems to have such a nice personality

[@jacquelinm2662]

Drake is who I want to be when I grow up... I’m 26.

[@hazelnuts23]

Try reverse aging

[@erjanica25]

Me Too! Exept I'm 37!

[@mathewvanostin7118]

You dont want to be that guy. This guy sacrifice his time. Attention. Energy and effort for money for months. For years! He did say he work 15 hours a day. And sometimes have to totaly adapt his schedule to his customers. Meaning he surely has sometimes to work 7days/a week to be sure to reach customers only avaidable on weekend Society manipulate you that money is hapiness. Cause that boost country economy & give tons of tax revenue to the government. They dont care about your hapiness To me as long as you are able to pay off all your basic needs. Have some money for fun. And comfortable lifestyle..youre good!. Go have fun..go make love with a hot latina. Watch some good movies. Eat a good pizza. Play soccer with some friends. Play your favourite video games. Get drunk with some bacardi alcohol cans. Thats hapiness 😄

[@Kevin-xs1ft]

@@mathewvanostin7118 different people have different world view. You can't really judge others because I think he is living a fulfilling and successful life.

[@Kevin-xs1ft]

@@mathewvanostin7118 I will work hard when I'm still young and not regret the decisions I've made.

[@shhhquietplease6264]

goddammit. why'd he have to have such a big heart. im not even jealous. just inspired

[@Xanther484]

prettycute andexpensive my thoughts exactly

[@felixromano3091]

Yea 15 hours a day that’s impressive

[@samlee6152]

Making $172K but also working 15 hours a day...I don't know if I'd be up for that even if I were offered that kind of money. Props to him for grinding so hard at such a young age.

[@niceboy171]

He is 23. He has worked for his company for 2 years. Therefore, he started working at 21. He said he started working right out of grad school, which means he finished not only undergrad but grad school at 21. He did about 6 years of school in 3, depending on how old he was when he started college. That is insane.

[@patty221]

He had to have either graduated in his early teens and done college or he did college classes in highschool

[@Poutinevillee]

there are also programs that kinda combine under grad and grad school tho. they are intensive but quick to finish so that could be a reason too

[@niceboy171]

@@Poutinevillee very true. I forgot about those

[@AxiomaticUncertainty]

@@patty221 Well, an integrated masters program could be undergrad + 1 year, so it would be doable to manage it all by 21 if you have a summer birthday, for example. If you were to do undergrad in 3 + 1 for grad school, you'd still be finished by 21.

[@FalloutAftermath]

@@AxiomaticUncertainty I know him. He went to college young and graduate early and did a 1 year masters program. So did everything in 4 years.

[@burt792]

"Always negotiate your medical bills!" *laughs in european*

[@BrentHartleyTravel]

Don't think they cover things like Lasik over there?

[@pedrof.5099]

Brent Hartley yes, lasik surgeries are covered at least in my country

[@tessellationarts2971]

Well y'all pay like 60-70% of taxes there so of course..

[@burt792]

@@tessellationarts2971 average income tax in the EU is 38.6%, it's 37% in the US. So got just 1.6% we get free education and much better infrastructure.

[@tessellationarts2971]

@@burt792 Your numbers are all wrong. Your keywords on google are also wrong. Don't put "EU average income tax", but put "How much income tax rate do the average people pay in EU?" In short, your numbers are average by countries, not by people, which is what really matters. In reality you have way way more people on the 60% tax bracket instead of the lower ones, thus subsidizing the rest of the EU. For corporate, that number is even more absurd, closer to 70%. How are you going to stimulate growth this way? Eventually, the money has to come from somewhere. You're (or someone else is) paying for it, just under a different label. If you were to pay for your hospital bills why would you ever wanna have an inefficient middleman (a.k.a the government) is beyond me. Why not just pay for it directly? This way everyone can be responsible for themselves, it forces you to put effort into staying healthy because we can all agree that paying sucks, so this cut off the very unneccessary people with "who cares, someone is paying for me anyway" mentality to be carried of. I supposed your number on US was also wrong, so I went on a little adventure for the real number, and even if accounting for four income-based categories of taxation (Federal, state/local, social security, and Medicare), the number comes at 29.8%. So... half the amount than that of the EU, of course you guys got 'free stuff'.

[@omgsockss]

This guy is clearly a genius. Just based on the fact that he said he tutors Chinese people in his free time and is graduated from grad school at 21 it is clear that he is not ordinary. I would LOVE to learn more about his story.

[@highandmightyqueen79]

He inspired me so much, for the consulting firm to offer him that much means he adds a lot of value.

[@empirestate8791]

Many schools allow 4 year graduations (3 years bachelor + 1 year master), which makes graduation at 21 sound more reasonable. However, his insanely high salary combined with his involvement in side hustles shows this guy is a genius!

[@s.flanders]

@@empirestate8791 Top kids from good schools regularly go into consulting and get these sorts of offers. But it's very competitive and you have to take your time in college very seriously. You don't have to be a genius, however.

[@JohnLee-fr6pi]

@@empirestate8791 Name one school that does 3+1. It's usually 4+1.

[@isaacjfung]

John Lee A ton of kids come into college with enough credits to graduate in 3 years. It’s really not that hard.

[@Martin_Logan]

Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I recently began investing in stocks and it was the best choice I've ever made. If you genuinely want to be financially secure, disregard everything the media is suggesting. The market offers a lot of chances. Maximize your use of it

[@GabrielWyatt-yj3bq]

What opportunities are there in the market and how do I profit from it?

[@Martin_Logan]

​@@GabrielWyatt-yj3bqYou can make a lot of money from the market regardless of what occurs, whether it strengthens or crashes. The key is to be well positioned, and that's what matters most.

[@GabrielWyatt-yj3bq]

​@@Martin_Logan I will really like to know how this things actually work

[@Martin_Logan]

​@@GabrielWyatt-yj3bqAll you need to ensure success is a solid capital base and the expertise of an expert.

[@GabrielWyatt-yj3bq]

​@@Martin_LoganDo you have an idea of any good pro I can start with?

[@wlkngmachine]

“I moved to Williamsburg where it’s cheaper”....lol Williamsburg is one of the most expensive neighborhoods in the city

[@LoneWolf-yg1mr]

RedPillRevival 😂😂😂😂

[@OreziOmokiti]

RedPillRevival it’s cheaper in relation to where he initially wanted

[@eatingcereal5646]

Probably the "cheapest" neighborhood were he won't get mugged.

[@Makasituation]

still cheaper certain neighborhoods in manhattan

[@milesbarksdale2446]

@@eatingcereal5646 most of Brooklyn is very nice

[@frusciantesplectrum7980]

15 hours a day is two shifts so essentially he is working two jobs .

[@godfatherNYC]

Gargi Das A DAY. Learn to read.

[@hybridEP3]

godfatherNYC ...what?

[@voicification]

You are right. Essentially, he is...ATK and other management consulting firms have gruelling hours which actually translate into lower pay / hr if you were to work at two separate jobs . Still this kid has a bright future in front of him.

[@comichacker]

Rich Stubbings watch it again. It says 15 hours a day during a work week(Not a bad thing) . Inferring, that he doesn't have a 9to5 routine, and makes his living by simply getting stuff done when it is required by his clients.

[@suprememax4948]

Shoaib Rumi that’s not how it works mit MBB. They arrive at around 8am at their client‘s office every single day from Monday to Thursday and don’t leave before 10 pm earliest. Only Friday they get off a little earlier

[@MK-it7wk]

Guy works 70+ hours a week. I’d say he deserves it.

[@aaryas6821]

That's like $50 an hour.

[@manojregmi4441]

$50 hr is like $95k. Mark Kelly is right bout $70+

[@aaryas6821]

@@manojregmi4441 No, Mark Kelly said 70 HOURS a week. If you do the math, the kid is making a little under $50/hr with a 70 hour work week. Out of curiosity, type the math you did to get $70/hr on a 70, not 40, hour work week.....

[@manojregmi4441]

@Aarya S, oopsie, I misread that sentence lol, thought it was calculated for 40 hrs with $70 hourly. College work is burned me out 😴😴😴

[@aaryas6821]

@@manojregmi4441 lol no worries I understand

[@peternguyen1911]

I wanted to dislike this guy for being young and making a lot of money but he is simply a much better human being than I am

[@gryu325]

if you really think about it. 150k / 12 hrs work a day and in New York? that's really not much at all. he's working hard that's all it matters.

[@colette9495]

I wish I had watched these kinds of videos when I was in my 20s. This would totally have inspired and influenced me to be wiser with my time and finances.. But oh well, it's never too late 😊

[@itstatilol4392]

23, got a graduate degree and has been working at his firm for two years? I suddenly feel very behind

[@arandomperson3516]

I have no idea how he’s able to get all of that this early.

[@tihamitahmid9269]

@@arandomperson3516 cause he works 15 hours a day, thats a 75 hour work week, he works twice as much.

[@kunalpatil442]

Me too bro

[@socksamazingchannel]

Maybe he didn't have to work during college. Lot of people have to pay for housing/college themselves and that slows down their graduation date.

[@dan5956]

I'm turning 30 and make 70k, with just an undergrad. FML

[@camerons3097]

I’m 23. I’m also eating a chocolate chip cookie on my bed about to play call of duty in my parents house...

[@arandomtopic]

He is privliged

[@kadricmartinez8543]

Arandomtopic please shut up

[@aman68931]

Everyone has their own time of achieving success...some get it sooner..some get it much later..provided u work deligently and be persistent

[@0530628416]

I am 26 , similar situation

[@danielm17]

@@arandomtopic No ur just stupid

[@dralfred2400]

You can retire at a young age if you invest wisely on time, Most times it amaze me greatly the way I moved from an average lifestyle to earning over $63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities are bound in the financial markets, The only thing is to know where to focus.

[@markconley3877]

I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or crypto and stocks.

[@susanhaynes679]

I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.

[@dralfred2400]

@@susanhaynes679 That won't bother you if you trade with a professional like Mr Tony Alin berker my coach, you may have come across him on interviews relating to bitcoin. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.

[@susanhaynes679]

@@dralfred2400 You allow people to trade for you ? that's interesting , how safe is it ?

[@macherie9554]

Wow I can't believe you guys are discussing about Mr Tony Alin berker, I once met him at a conference in California 2019, just before the pandemic. I can testify that is very good in trading..Highly recommended.

[@thekaerichtexas]

22 earning 172k ain't bad. He's living his best life. Way to go dude

[@jackxiao9702]

What about his business card? Can he get a reservation at Dorsia?

[@MrMultisurfacewindex]

Jack Xiao this wins

[@antoniolewis]

😄

[@suleimansedeghi8258]

Jack Xiao I love you hahahahaha #americanpsycho

[@andrewt3417]

Love it! 🤣

[@clementine9187]

great sea urchin ceviche

[@omegabeta3305]

Key point: NOT married or in a long term relationship.

[@thomashogan1985]

Disagree, easier when you have two incomes.

[@DapperHesher]

He's still got a roommate. No way you do $1575/mo. in Manhattan without one. I pay that much in Tampa.

[@Kevinschart]

no time for a relationship....dude works 15 hours a week, tutors, maintains a blog, and had a side business with his family. Why have your own place at 23 if all you do is work and sleep?

[@seeyouagain911]

@@DapperHesher You an find apartments for that price in Midtown West. Particularly Hells Kitchen

[@Beekeeper8011]

@@DapperHesher he lives in Williamsburg which is in Brooklyn.

[@walteruwe9771]

The stock market is still a fantastic tool for building wealth, however, so it's wise to consider investing even if you don't have much money to spare

[@bartoszdobroslaw9774]

Money is a tool that can help you to achieve your goals. It can provide comfort and stability for your family, make it easier to plan for the future, and allow you to save towards important milestones. But to achieve these things, you need to know how to make your money work for you by investing with the right signal.

[@bartoszdobroslaw9774]

@Fred Howard I’ll recommend Tamara Diane Hagan for you, her strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy

[@bartoszdobroslaw9774]

@Fred Howard Look up with her name online for her web page and you will find her contact there.

[@marcyt2003]

So lame with the bots

[@msovaz77]

Not anymore

[@themystery125]

Hes 23 and he went to grad school and has been working there for 2 years?? He a genius

[@samwalker4913]

I was fully prepared to hate this guy from the montage in the very beginning but he turned out to be the nicest sweetest guy and I now want to marry him haha

[@aim-for-greatn3z947]

Woow hate him just based on his presentation of himself 🤣 Not surprised human after all.

[@sawsawerongpalaka]

You can marry him that is if you're a guy also.

[@chrysostomospapademetriou2814]

hahahahaha me too but the only difference is that I like women

[@tdbrown03]

@GUUD KELLY, Of course, the black guy wanted it to be about race

[@hopemartinez6932]

Yeah, same. But he actually worked hard for it. And you can tell he's smart

[@KiddKoalaz]

I think this guy takes that one drug from the movie Limitless lol

[@chrislanejones]

That drug exist, it is called ampthemines!

[@giantslug6969]

Nah just had a wealthy family headstart in life. Things are easy breezy when you know that even if you fail, you win.

[@gaving9463]

@@giantslug6969 Lol! He came from a family of like 12, no way! Let me guess, you're a bernie supporter?

[@rhdtv2002]

@@gaving9463 there are plenty of big families well off .at the end good for him no matter what..I come from 9 and my wife is from a family of 10

[@eddiewiggles9398]

@@gaving9463 sometimes a family of 12 means Wealthy, as in they could afford 12 kids. He said he has medical debt though so most likely he isn't a rich kid who doesn't really need to work

[@ninjakiller9810]

Awesome for giving back! Keep up the good work.

[@evanescence9041]

In Iraq u can make his salary in one corrupted deal

[@brent9359]

Thats gamer

[@tmoney3864]

Big bruh

[@solabonafide]

Lol sad but hilarious

[@NoahLim15]

I like how he actually considers charity work as well.

[@MrUnder30seconds]

yes, hes clearly lost his mind.

[@reuterlu]

So considering charity work is already a good thing?

[@cmac2295]

In conclusion, Drake doesn't sleep. Wow, he is on his grind!

[@emiliamazur5039]

@Xx BigBoss xX So you say thousands of scientists and psychologist are wrong because you say so?

[@packetattack7437]

You guys go sleep, us Wall Street kids in our 20s put the time in when the body can sustain it. In our 40s now we can't do that, but we made our money when young and invested it.

[@packetattack7437]

@@zaneberry And we do sleep, just not typical hours of other people. There is also lots of research on people that can get more done and perform with less sleep.

[@packetattack7437]

@@zaneberry I believe that as I've gotten older, I stick to a straight 7.5 hours a night and can feel it the next day if I don't get enough rest.

[@jpgdallas]

172k is over 14k a month. With a budget of 6500 he’s paying over half his salary in taxes? I’ll just keep being a tourist there.

[@michellepaul8514]

Yeah you will keep being that.

[@dso1986]

Michelle Paul how is he paying 7500 in taxes on 14k a month?

[@saptab1344]

no his take home is 9275 avg monthly its just that he gets a 30k bonus all at one in the end of the year

[@hukumbra]

Welcome to NEW YORK. Thats why I love Texas.

[@saptab1344]

@@hukumbra LMAOO yeah Texas has good deals on houses but being born and raised in nyc I can’t leave😭

[@johnchu9460]

I am very impressed with this young man's maturity. He seems to know what he wants at such a young age (relatively speaking) and is working hard to achieve it. Looking back on myself, I didn't know what I wanted until I was in my 30s when I always felt that it was too late. I now have two young kids, and I am trying to teach them the pearls of wisdom about life as early as possible and hope that they don't make the same mistakes as I did.

[@turtleboy35]

I’m a 26 year old elevator mechanic making $160,000 annually and I live in manhattan. Why aren’t you making a video about me?

[@pernellvspnut25]

turtleboy35 how did you become an elevator mechanic?

[@pernellvspnut25]

I’m 26 too

[@michaelykwon]

27yo ups driver here make 100k now but in 3 years at top pay 150k+ pension (5k-6k+) 401k free health care for u and fam (100k/year value) so 250k+ a year from ups and then my first duplex (guaranteed with my new income) add 5-6k (bay area) make 300k+ add another after 1-2 years maybe a 4 unit this time make 10k off that so 420k off just 2 properties.... and i still get my 2 days off weekends and up to 8 weeks of paid vacation (double time if i choose to work on my vacay) and 16 days of sick pay and 2 days for birthday and anniversary day.

[@sburnswensel]

Michael Y Kwon nah

[@sabrinaaa417]

Michael Y Kwon that’s mega cap

[@latoyalewis]

I love how down to earth and realistic he is ❤️

[@jamieco7330]

I love how he always thinks of ways to give back in whatever small ways he can. Your parents raised you right.

[@chachingfm]

Smash the like button and comment down below if you want more videos like these!!!

[@liuyuMPH]

it is not just being smart and genius; he's so organized and consistent to make this level - also his family pre-educated him a lot.

[@2jcward]

I’m very jealous

[@gianni_4]

He’s white

[@johniewalker4356]

@@gianni_4 and?

[@phosho862]

@@gianni_4 LOL. I'm white, educated, mature, etc. and it took me until my 30's to figure things out, and even then, I have all sorts of trauma-related issues that have hampered me significantly. This person's work ethic derived from his family is a massive factor, coupled with the fact that he is obviously very smart and mature. But being a natural workaholic, bolstered by his upbringing, coupled with his intelligence and maturity is a crazy combo. Good for him.

[@alunaling2745]

He is so inspirational. It motivated me to work more on my side hustle.

[@mishidex]

I really like seeing how Drake thoughtfully spends his money in the city. And he seems like a very good hearted person, so that is inspiring too. I want to believe people with a lot of money can do good with it.

[@khalidalali186]

Most do actually. Just look around you. They don’t have to give anything away, and yet, many do just that.

[@irisxkae]

I knew he was in consulting as soon as I saw the intro.

[@ktlktl0913]

Either that or investment banking 😂

[@irisxkae]

Kim Le yep I was like he’s in finance or consulting 😂😂😂 typical when it opens up like that.

[@Kingmayster]

Lmao same, the moment I saw that chair too I was like is that Bain 🤔

[@simbamasanganise4235]

His whole demeanor gave it away instantly 😂😂😂

[@superduperjoi6800]

I knew when I saw the thumbnail

[@aviveros887]

He’s very smart and mature. He has multiple incomes, lives on a budget and his priorities are on point. I wish more young people can think this way

[@jeremysanders9336]

If every young person did think that way, he’d be making minimum wage for all the work he does. That’s the nature of a market predicated on competition. Regardless, it’s pretty clear that he had a privileged upbringing and had luck in the genetic department, too.

[@thundergoat3646]

@@jeremysanders9336 if everyone worked like this the economy would be exploding and currency would have insane value. Everyone would be incredibly wealthy, mutually benefitting from the each other's hardwork

[@lozcast7924]

@@thundergoat3646 you are either 12 years old or a trump supporter.

[@thundergoat3646]

@@lozcast7924 I am neither of those things actually. What I said is literally how an economy works. Money only has value because people work for each other, giving currency it's good faith exchange value.

[@brent9359]

thundergoat yes i also think its very stupid that poor people exist goverment should just print more money !!! Problem solved ! Dum govermenetn

[@hunter21331]

This gave a motivation to do more stuff with my life.

[@allyshimmer]

He’s such a high output individual! I’m in awe

[@letmelick]

First time seeing someone that's named Drake that isn't Drake🤔

[@PaperRaines]

Draco Malfoy doesn't count? 😂😂😂

[@awesomeweasel]

Drakes name is Aubrey🤦‍♂️

[@volarb9613]

Drake bell from drake and josh

[@mkwke215]

Nathan Drake

[@sssssssss111]

@@awesomeweasel Aubrey DRAKE Graham* so Drake's middle name is Drake.

[@MrRaymos23]

Thought I was going to see a douchy type kid but can’t be mad at him he’s working hard and giving back and humble from what I see in the video

[@michaelkasili]

Am jealous of this guy, making good money, living in a NYC, planing for his future...Keep on hustling bro!

[@aomumoo]

I’d love to see how he’s doing now and how he navigated the pandemic. This was enjoyable to watch because he felt very genuine.

[@msellars178]

Stanford MBA

[@gryffith1378]

He has a TikTok

[@Hashterix]

Does this guy not sleep? The amount of stuff he does is just ridiculous

[@dinuw4581]

Hashterix I’m guessing he’s good at not wasting time which is incredibly hard for normal ppl. Like literally we’re watching this instead of using our time efficiently

[@Hashterix]

@@dinuw4581 It would be so exhausting to live like that, I guess some people just naturally have bundles of energy

[@abhim9221]

Hashterix in the field he works in I’m pretty sure people work hard first 2-3 years then move to higher management positions were the work normal hours

[@kellyanderson6245]

@@abhim9221 exactly. My hubby did consulting for a few years to boost him self up then moved on. Just like this guy though worked insane hours and racked up a lot of points to travel.

[@ronaldo19832]

Ya impressive, I am guessing he is sleeping only 6 hours per night and not wasting time on KZbin and social media like us 😂

[@GrahamStephan]

Did someone say Graham?

[@matchasketch8224]

Graham Stephan YES!

[@pitnit]

Can’t wait for your reaction to this one, Graham!

[@Wilsonthernsby]

Please respond to this I’ll give you a cookie

[@lilh953]

Graham, can you help answer how he contributes to roth ira if he is over income limit?

[@NiggaTigga94]

Our lord and savior has arrived

[@samraatkadam6827]

I love this guy, always starting some new project and working hard. I aspire to be like this.

[@mr.honoraryboomer]

excellent work ethic. I'm inspired.

[@suhiish]

At 23 I was figuring out life and now that I'm 27 I'm still figuring out life!

[@kazzilla99]

Not alone

[@gotchabud3047]

Same here also 27 ,just remember as long as you don't have kids you will always have time to try something new and starting all over with less risks.

[@flyingaviator8158]

Don't think that he have figured out his life. He just makes a lot of money. Everyone have there own timing.

[@deanahmad3367]

me too..im 27 years old

[@hriler]

🤣🤣🤣🤣

[@cyand]

This is awesome, he was clearly doing a lot in college and couldn't stay away from all the projects and side hustles. I can't wait

[@jerrypie]

I took a peepsie at his LinkedIn and saw he just started an MBA program at Stanford in August 2020. :O

[@emiliaarcher896]

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

[@SamiSami-cv3em]

Investing in stocks is a good idea, a good trading system would put you through many days of success.

[@luisparker6644]

I'm thinking of investing in the crypto market, but I'm taking my time to understand how it really works

[@thomasjefferson7620]

It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.

[@gabrieladam5185]

It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.

[@worfganbitterlich3825]

Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.

[@zyrrre]

"not be another warm body in the room" this made me feel so useless

[@malaventurados8201]

Not gonna lie the intro made him look douchey but I’m so glad I stuck around he’s a great person. Good luck on going back to school!

[@chelseymichelle9115]

inspiring, thank you!

[@vivi378]

This is so inspiring. I wanna be like that when I'm done with college

[@lenividivici9123]

He‘s not living like that to be rich or boast he‘s living like that because he likes it, that‘s what makes the difference to 99.9% of other rich people (probably including me... IF I WAS RICH).

[@vivi378]

@@lenividivici9123 i didn't say I wanted to be rich I said I want to be like that

[@anmnou]

He should just get himself cloned, and rent out his clones to run other people's lives...

[@ernestloh3683]

tell that to Henry Brogan

[@StevenLesh]

A G LOL thank you for making me laugh 😂

[@tyleryuen9214]

Watch “living with yourself” on Netflix lol ,similar story plot

[@StrawberryAppleCream]

He works 15hrs a day and still has time for all the other stuff?! Jeez

[@bluehorseshoe444]

He might work 15 hour days... but he's not working 15 hours a day as a consultant. When I was on Wall St, we worked 95 to 100 hours a week, 51 weeks a year... no way you had time for anything else.

[@Jkub101]

@@bluehorseshoe444 cocaine is a helluva drug

[@henri6595]

@@bluehorseshoe444 Most of these people burnout in a very short amount of time. I went to school with people currently working in NYC firms. They look like zombies right now .

[@bluehorseshoe444]

@@henri6595 True... I remember when I used to go out with my friends, I would literally be falling asleep wherever we went... this guy doesn't work like that though... still, I can't see how any 23 year old can generate enough value to justify paying $170k+ a year for... this is why law associates aren't getting paid what they used to

[@henri6595]

@@bluehorseshoe444 It's not very hard for him to generate X2 or whatever he is paid. You sell a service for X (10K-20K about the economics of _____) multipled by howmany times you can run that same model. I have friends at PWC who do that all the time. You don't really get much true value from those reports. You also only get paid what you can generate.

[@sierras3681]

Wow! What a cool and big hearted guy! His family must be so proud!

[@kayc.8283]

He seems so sweet, chill and humble. I was expecting Sebastian from cruel intentions.

[@HovitoBaby]

😂😂😂

[@dextermorgan2117]

Humble because he can barely afford to live in NYC while living with roommates. I make 800k and I'm not even close to Sebastian, though I'd like to be 😂

[@MKMK-bj2sk]

Next Week: *Graham Stephen does a video about him*

[@dannyrand4678]

"12 Million in Assets?? Ok, mayyybe, mayyybe you could afford a night out. If you dont pay for anyone elses drinks" - Golden Graham

[@mariavalente6304]

I was going to say exacly that

[@Tonyknowspeople]

Ya im waiting

[@thezlifestyle5987]

Not much to talk about with this one. Didnt give any breakdowns..

[@Antilleslucayan]

Tomorrow lol

[@tyler0506]

172,000/52 weeks= 3,307 a week /75 hours= $44.10 an hour as a perspective

[@carnival30]

Tyler Hart wow

[@wesleynice3823]

Not bad, sometimes I make that amount in 1 hour just doing food deliveries

[@0CrazyTurk3]

@@wesleynice3823 CAP

[@gmatali11]

Also having some of the highest state taxes in the country and being in the highest federal tax bracket. It’s not how much you make but how much you keep! Just to add more perspective!

[@dextermorgan2117]

@@gmatali11 That's not even close to the highest federal tax bracket 😂😂😂

[@findingpurpose1572]

Humble, down to earth, helps others... Top bloke!

[@dcflow7859]

Incredible financial habits!! So happy for this guy!! Keep up the great work

[@---gi4sr]

I like him because he seems realistic and not spending his money on a mansion with trampoline floors eating pizzas with gold flakes on top

[@HiddenWen]

That's cuz you can't do that only earning 172k for a few years.

[@JesticeBrown]

Aha you just described Jake Paul’s house

[@keithryan5924]

mizzmolly yet he says he pays $1500 for housing. I’m calling dudes bluff real quick. You can’t sleep on a toilet in nyc for that.

[@MonsterhunterFTWWTF]

@@keithryan5924 he says he has roommates in the video graph

[@nicolecardinale9556]

When you’re 26 years old, nearly done with a Master’s degree, and earning $30/day at an internship🙃🙃🙃

[@MsIsis101]

Girl. 💀💀

[@nicolecardinale9556]

Nakisis Mays Fml😭😭

[@yannickbongo1420]

That’s just where you are right now, Nicole. That isnt ur future nor ur life. As long as you are taking the steps to better yourself, you will find constant improvement

[@Zyrock]

True for all we know this guy was probably at an internship $40 a day when he was 21-22

[@michael20450]

master's degree in ambiguous studies. not all master degrees are the same tier hence your low pay

[@nhdarling2]

His parents influence made him a success. Need more parent/children relationship like this.

[@fr0stmourn3]

Wow. What a kind soul!

[@ActNormalKid]

I'm sure Graham would get a kick out of meeting this guy...

[@danielsich3362]

For sure

[@Kloutkulture]

20 cent coffee time

[@wtvs1]

This guy is doing pretty well, so Graham won’t like this one lol

[@hectoravila1998]

Who’s graham I’m kinda lost

[@Kloutkulture]

hector avila Graham is Graham

[@LaurenOrion]

He works hard and is very smart, I’d say he deserves it

[@bolshevikrasta1027]

he is being exploited to the gills, he works 15 hours a day, wtf?!? shouldn't he deserve more?

[@vadaski5038]

@@bolshevikrasta1027 actually seems fair to me honestly... I mean so young 6figures.

[@Commievn]

@@bolshevikrasta1027 That's fair he makes 172k a year. Now imagine how much would he be able to make if he was living in China.

[@bolshevikrasta1027]

@@Commievn how many young people you think make this kind of money in china? i bet more than in the usa, just on the fact that there is more people in china.

[@karkevicius]

It’s the Lithuanian roots

[@ElectricksoundzMiadLabMi-ny1ep]

thank you for sharing

[@thefinster]

He is super mature and articulate for any age. An impressive work ethic too, though hope he is having fun beyond working.

[@limabean6869]

Graham won't like this one. He actually saves his money.

[@twincherry4958]

He maxes out his 401k and Roth...

[@mohamedmihoubi8945]

15 hours a day for 170k idk edit: after watching the vid gotta say respect the hustle

[@pttthhh]

I guess broken down hourly, I make a little more than this guy.. I'd rather work 40 hours a week and make 95k.

[@michaelykwon]

@@pttthhh ur losing out to opportunity costs tho. Hes making 70k+ min a year on you (likely to drastically increase overtime as hes only been their 2 years and more side hustles/investments) so in 10 years ur already behind 1mm+.... everyone's preference but some like to work hard now while healthy and young and relax later some like to just work till 60-67(current retirement age.... went up 10% longer)

[@michaelykwon]

@@pttthhh 6 figure income is good but nowadays it's becoming the norm with inflation and rising costs. 95k after tax is only like 65k then after living expensive u prob only end up with 10-20k if not less so you would only have saved 1-200k in 10 years the same time the other guy working 30+ hours more making 1-2mm (about 10-15 times yours)

[@pttthhh]

@@michaelykwon I'd rather enjoy myself now.. you might not get old. Work too hard when you're young and you might not age well either. To each his own.

[@michaelykwon]

@@pttthhh exactly. I'm sacrificing my time and youth for freedom but others like to find balance and just work throughout their entire life... that's the biggest part for me... working for someone else nonstop (till 60s itll feel like that) so I'm starting my financial freedom path now. Good luck mane and u can always change it up ppl change all the time

[@josevigil6950]

Made first million in New York by the age of 21. Immediately left and planted my roots somewhere else. Still have to appreciate the hustle.

[@arinsanagustin]

Im proud of him, inspired by him, jealous of him, and in awe.

[@suttonlea8366]

I'll be 24 in a few months and still live with my dad barely making $30k. Prayers, y'all.

[@karenjanet9710]

Same.

[@perc3136]

Same

[@suttonlea8366]

Update, I'm 25 and make about $50k a year...have a nice apartment. Being an adult still sucks tho lol

[@imlkr_]

@@suttonlea8366 Went from 30k to 50k in a year! That's awesome man Looks like you've been hustling

[@milesbarksdale2446]

@@suttonlea8366 U r an inspiration. What do u do?

[@davesingh4099]

Sounds like Gabe from the office

[@aarshmalek1302]

Oh shut up skeleton man

[@MattsMindx]

jared dunn, you mean

[@davesingh4099]

@@MattsMindx aka gabe

[@2014Corvette]

I was wondering how long I would have to scroll to find this comment! (I think it’s hilarious and I also respect the guy a lot)

[@mingazzini]

Dave Singh YES

[@DivideThenSquareRoot]

23 years old, 18 years of school, 2 years of consulting experience? Something isn’t adding up.

[@Machozz]

Lucknotskill Probably he’s about to turn 24, and he went to school when he was 5?

[@tchit8792]

Yeah and he said he completed his master's too so I was really confused

[@NicoleAminov]

Hi! I mean it’s rare but definitely feasible , eg- I graduated one year early with my bachelors and then for my masters I’m doing a one year accelerated program (MBA) so my masters and bachelors took 4 years total and I am 22, I also got left back when I was one the 1st grade (repeated here when I finished in my home country so I was a year older than everyone in my grade) IF I didn’t get left back and did the same college career I would have graduated with my masters at 21 because right now I am 22, graduating in august. I don’t know if he did exactly the same thing but it’s possible

[@laylaphilavanhhh]

You can skip grades if u meet the school requirements and pass tests!

[@PiyushBhakat]

@@tchit8792 I checked his LinkedIn, he started college in 2013 and took 3 years to get his Bachelor's degree, and another year for his Master's.

[@Khonnell66]

If ever there were someone who deserves it, it's this guy. He's truly wise beyond his years.

[@kierancaldwell5087]

CNBC: **posts millennial money** Graham: *Its show time*

[@josephjocson1385]

I was about to comment that...

[@problematicshay1118]

😂😂😂

[@superduperjoi6800]

300th like

[@mzcain1521]

I legit thought this was a Graham reacting video! I was a little disappointed that it was the actual millenial money video but the guy was very likeable so it was good :)

[@Fonsoknows33]

Intelligent man, it bothers me so much that he clearly doesn't tailor his suits 😤

[@harshgautam97]

Exactly, that's the one thing I think he should do differently but other than that he seems like a great guy.

[@mscarolynnigro]

4 years ago he was a teenager

[@bobbarrel7271]

Because he's a nice person. Isn't arrogant at all.

[@Fonsoknows33]

@@bobbarrel7271 I'm not implying that, I just think he'll love the way he looks with a tailored suit

[@karenmbbaxter]

My husband earns the same and looks like a bum. Nobody gives a crap about your shirts. It's what U know.........Also he has a inexpensive wife like me so we work well together. He earns the money, I pay the bills and I don't need fancy clothes or credit card debt........Simple life is sweet.

[@mbbconsultinghacks]

As an ex-consultant myself, I never tracked my expenses. Just minimized everything and invested as much as I could. Amazed he had all that time and energy to track everything!

[@TheGreekGodOfWallStreet]

I never track expenses or plan a budget either, just minimize expenses and maximize investments. I guess some people feel more organized when they do it. I always found it limiting. For example, this guy allocates $500 a month to his Roth IRA, so what happens when he has an extra $100 lying around? Usually people stick to the plan; invest $500 and find a way to blow the other $100. But, if expenses are minimized why increase them to stick to your plan? It’s also possible he made the budget just for the video, but he comes off as someone who would have a budget.

[@GraceWickenshire]

The only unfortunate thing about this specific work culture is that they're making extreme amounts of high dollar money for as little real work as possible. It's mostly a face they're putting on to the public for a company. Showing up in a nice suit, having a nice demeanor, open-minded attitude, having unwaveringly loyalty to the brand they're representing, and willing to travel in a moments notice. Then, the money will flow off the backs of hard-working blue collared American's that make pennies on the dollar which line the pockets of people like this.

[@luvtotrade2009]

So he works 15 hours a day for 172k.....I'm in tech and make 120k and I barely work 4 hours a day...I feel better about myself now, thanks CNBC !!

[@AnythingMike]

luvtotrade2009 🤣🤣🤣🤣🤣🤣

[@MattSezer]

Exactly! That's less than $45 an hour.

[@audiepastrana3149]

He works 3 days a week.

[@luvtotrade2009]

@@audiepastrana3149 Where does it mention that?

[@tracyzhang4810]

@@audiepastrana3149 The description says he works Mon-Thurs in a different city. Which means he's probably having to meet with his clients on those days. If we assume he's on an airplane Fridays and Sundays, he's basically working 6 days a week. Also, he's probably traveling back to NY either Thursday nights or Friday mornings because he probably spends at least one day at his NY consulting firm office. I'm just guessing, but he's definitely not working 3 days a week.

[@Ghostone11]

seems like a very smart well put together individual, we need more people like him

[@lgon6663]

This guy is awesome!! May you keep killin the game!!

[@resetyourmind7536]

I LOVED THIS VIDEO !!!

[@CandaceYoung962]

Two things: I loved the shout out to his hard working Lithuanian grandmother. I think too many white people in America forget that they too, are immigrants. Also, I like how he's helping lower income people with their resumes. It plays to his strengths and knowledge. We can never underestimate the importance of a great resume when navigating the working world.

[@sidzi8186]

@Kilo Byte 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

[@RoodJood]

"I think too many white people in America forget that they too, are immigrants. " --- and too many other people forget that consequently they are not responsible for slavery.

[@truthteller488]

@@RoodJood True, and at the same time shouldn't feel the need to undermine black people that have roughly 12 generations of lineage and history in America. You gotta respect the unique history of generational Americans.

[@CyclingMartialartswithMusic]

Uh oh. A lot of white people will be triggered. Nowadays "citizens" get annoyed when they hear the word immigrant.

[@Bayo106]

you're not an imnigrant because your grandma was an immigrant ... learn what an immigrant is

[@kaylavald]

Graham’s gonna be so happy about the points for travelling lol

[@cinderellabridez]

This video is so inspiring!

[@ashleyliu1606]

dude must've skipped a ton of grades if he's completed grad school and been working with his firm for 2 years now :O

[@Bobo-jy5mg]

Not really... I completed 2 bachelors degree and 1 masters degree by the age 22. It be 21 if it wasn’t for the second bachelors

[@Bobo-jy5mg]

Bilal Ibrahim well technically speaking if you do the "normal" track from high school to grad school you’d graduate at 23 (graduate high school at 18, graduate with bachelors at 22, graduate master at 23). I have two factors though helping. First of all, I got enough college credits in high school to basically eliminate one year of class (30 credit hours) so that eliminates one year off that. Then secondly, I have a summer birthday in July so I technically graduated high school at 17. So, to be fair after I got my masters I turned 23 2-3 months after that nevertheless though. I have a friend who finished her bachelors in just a year and a half (with a normal 4 year program). She got 60 credits worth in high school (which is the max allowed) and then she accelerated her schedule during the semester and took as many summer classes as she could. Got her bachelors at the age 19. Tbh, most people I know from my high school all had a similar path to me.