Living On $50K A Year In NYC | Millennial Money

Alicia Kennedy is a freelance writer and editor living comfortably in New York City on $50K a year.
Introducing Millennial Money, our new interview series profiling millennials in different cities and at different income levels on how they make, spend and save their money.
Read more about Alicia's budget breakdown here: cnb.cx/2P0v1BK
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Millennial Money: Living On $50K 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

[@Realisaactorres]

Financial literacy is key to a successful life Don't listen to a word she says Cashing out your 401k is one of the most irresponsible things you can do

[@AndruuEsp]

I'm not American, what is 401k?

[@wazirbrowne2117]

@@AndruuEsp in simple terms it is a privately invested pension plan. Cashing it out early means that you do not get to benefit from the compound interest that you would have gained over a longer period of time; plus there are penalties for cashing it out early.

[@TheCasualCouponer]

It is essentially a savings account where money is automatically deducted from your paycheck each pay period. This money is taken out before the employees paycheck is taxed and the funds are invested at the employee's direction into one or more funds provided in the 401k plan. It is intended to be a retirement fund thus there are significant penalties if you withdrawal the funds before you reach 59 1/2 years of age.

[@jennysolomon3514]

@@AndruuEsp I would assume you have it in your country, and if you do, it might be called Superannuation.

[@illiniwu]

@@monacojones4367 I know this is an old post, but 1k was food for her AND her partner. I think that is a reasonable amount considering she also writes about food and probably writes some of it off.

[@Tamarind525]

If your dad is paying your taxes and you have no retirement savings at 32, you are not “making it”.

[@yacobcastro]

truth

[@wendylynn7605]

Her Dad paid her taxes the first year, then she started paying her own.

[@nczioox1116]

@@wendylynn7605 She said "State" which means he might be paying federal

[@ericshang7744]

Oh.., I didn’t pay attention on her age. I thought she just started...

[@nikkiboucher8972]

There’s more to success in life than money

[@nadirahnaima77]

$1,000 on food for 2 people is really crazy. She can budget herself to $400 a month for for both of them and use that $600 to invest in something that will make her residual income.

[@nczioox1116]

@@MLSNYC88 SP500 Index funds, mutuals funds, REIT, Roth IRA etc etc

[@ellie-tk4jy]

@@nczioox1116 i wish we could save comments on youtube.

[@mfstarr1]

Or he could pay for his own food

[@addisonhouston6649]

@@MLSNYC88 Bitcoin

[@tiffanyliu9841]

She is one good emergency away from not making it. Very scary.

[@thegazetteyt]

Just like over 50% of the country. Shes saving what she can and enjoying her life. What else do people want from her?

[@Bloodclotzzzzzzzzzzz]

Some of us had the emergency before we made it!

[@Robin86]

ApPARENTly not if her dad can pay her $5000 tax bill..

[@Bloodclotzzzzzzzzzzz]

Paying a bill and caring for the disabled are totally different. One is easy, and one is hard.

[@nkwari]

her dad will rescue.

[@MMSGEE]

Cashing out your 401k is a bigger mistake than student loans....

[@goldenxdiva6562]

ahri they’ll penalize you for taking out of your 401k before a certain age, I believe it’s 62.

[@Zach-xm5wc]

She should've got a Roth IRA

[@dudefromlaveenaz]

@Catherine B but when you cash out a 401K you pay a penalty of 10% on top of your tax rate, transferring it to a Roth would just be the normal tax rate.

[@MrAdhiSuryana]

What is cashing out? That number seems so scary too.. I dont want to live forever just to pay debt 😅

[@evileyez504]

she barely had any money in it, student loans is worst because you can never get rid of it besides paying for it, she can always recoup the little money she had the 401k

[@DavidAxelrodP]

$1000 a month on food?!?!?

[@Brandon-305]

Her boyfriend is lucky...😂

[@nitishkannan2919]

That’s crazy you can make dinner for two dollars every night if you really wanted

[@jenh9426]

She needs a good tax accountant...shes a free lancer writing about food....there has to be a deduction that can be used fir part of that cost.

[@Kayjillypoo]

Food is expensive here in nyc. And people also eat out a lot. ALSO...she's a food writer lol.

[@DavidAxelrodP]

@@Kayjillypoo I get that, I live in NYC too. I guess it's just surprising how quickly it can add up. Even so I spend around $300 a month on food for myself including going out. It must be really hard to save when your profession forces you to spend like that.

[@ShahidKhan-ly1iq]

I'm enjoying the comments more than the video lmao

[@yacobcastro]

SAME!

[@annjean8709]

Me too!

[@shahanerenuka29]

Always here for the comments 🤟🏻

[@noemidiop8015]

😆🙋🏽‍♀️

[@rosiespinks99]

Health insurance? Transportation? Saving for taxes? seems like there are some pretty big holes in this budget

[@bigdisme5622]

Like she said she don't worry about it, typical young mentality.

[@Bloodclotzzzzzzzzzzz]

I'm going to chime in here, as a disabled individual, and remind EVERYONE that you need healthcare before you are born, and after you die. I know you will probably need healthcare in between there. Deny it all you want, it doesn't matter, the reality is going to slap you across the face.

[@bitameah7745]

@@bigdisme5622 32 is not that young.

[@dudefromlaveenaz]

Yeah... let's not mention that she should pay 21% of her income in federal taxes. She makes 39.5k realistically, but dad pays those taxes for her.

[@trinichick76]

Ding ding ding!

[@hanaj]

What is her boyfriend contributing. She pays $1k for both their food. And pays $1000 rent which way more than 1/3 of the rent for 3 people.

[@emilyc1988]

leech

[@emilia6067]

I was wondering the same thing tbh...

[@Tigerman303]

Yep, he just wants free food. He doesn't care about her. Sad that she doesn't realise it.

[@tshililomugovheli2717]

There are quite a few videos of women doing the very most whilst living with their bf.

[@ellie-tk4jy]

sugar mummy

[@wendydarling5790]

At 29 she thought it was her last chance in life to make a rash decision. I recently quit my job and moved to NYC at 46. If you're single, it's never too late for rash decisions! Lol

[@noemidiop8015]

Lol that’s what I was thinking!

[@ellie-tk4jy]

that's what i wrote too. Last chance??? wtf? i might as well go step into my grave now. i'm 39 and about to make a rash decision myself.

[@anamarte7547]

Thank you for this Wendy. I needed this.

[@Myview246]

haha a lot of women get scared about hitting the big 3-0. No idea why, your 30s are much better than your 20s imo

[@sparklesupreme8170]

@@Myview246 it's kinda sad actually. I also think my mom was gorgeous in her 30s, really glowed up!

[@Andrade_USA]

Setting herself to be working at a fast food chain in her 60s and relying on Social Security. “Don’t like to think about money “ is not a mindset one can afford to have in this generation .

[@Sirelliotfr]

Cristian that is facts

[@princessd3966]

Okay miss Cleo .. thanks for you revelation

[@lifestraight]

Exactly. A very privileged white woman mindset to have.

[@brighteous1208]

This!!!

[@mrdojob]

I noticed this financial illiteracy is only prevalent in millennials with desk jobs in media, the arts, entertainment or journalism. Everyone else has a different mindset.

[@texasgirl5787]

When she sees people miserable in their jobs she feels better about her decision. When I see foolish people like her who cash out their 401k and only save $150 a month, I feel better about my miserable job.

[@carnival30]

texasgirl5787 lol these were my thoughts exactly.

[@emiliobasabe8399]

texasgirl5787 okay but she’s out there living her best life and actually doing what she loves in life

[@kellip2015]

@@emiliobasabe8399 yeah and she'll be working until she dies if she doesn't start getting serious about saving and her financial status

[@dawnbugXXX]

I'm 22 years old making 68k a year with no degree and no debt and a 403b. She made me feel better about my life decisions too 👍🏾

[@BrandonRamirezJ]

Emilio Basabe “living your best life” has become a really redundant and inaccurate quote nowadays.

[@Epy23]

This is not how a normal millenials lives. Most people dont have parents that can pay for them if they fall behind or have to pay out large sums to the IRS. This is not realistic at all. If you have q tigh budget you would never spend $150 for a phone bill all of this sounds incorrect.

[@lifestraight]

Q tigh?

[@jonguyen100]

Why is it supposed to be "realistic?"

[@bubz4196]

I know it's depressing to hear but most millenials in NYC DO have parents that can pay for them if they fall behind or have to pay out large sums to the IRS lmfao

[@amrnabman]

Should change the title to " Poor financial decisions made by a millennial."

[@Ph.40Lowks]

Yes

[@M4tchStickGirl]

😮 she’s considered a millennial? I’m over 10 years younger and a lot more strict on my budget

[@nettaleanne]

M4tchStickGirl you’re in gen z I believe. We’re known to be a little more frugal because of what we were exposed to around the recession

[@M4tchStickGirl]

Melissa Louis AH I see thanks for explaining that to me. I was a child, but the few years before the market crash, my parent made bad financial decisions before leaving. The pressure of going to bed hungry when I should have been growing still haunts me. I really can’t relate to older millennials then

[@ivanmontalco5082]

Should change title to how old fucks screwed the new generation.

[@LovingIris2]

She has terrible money logic. Jeez. She will be working forever.

[@hotinmybags]

Iris Kearney just like 90% of the population expect she’s found a way to be happy with her life and her choices

[@LovingIris2]

Good for her. Couldn't be me.

[@MilitanT07]

She is a woman, she can just get married.

[@teenguitar1]

MilitanT07 Don’t sell yourself short. You can find you a sugar mama too !

[@nntflow7058]

Most People work forever. Only entitled few don't.

[@olg06]

PLEASE DO MORE OF THESE MILLENIAL MONEY vdos I'm addicted to these. I like to see where I stand in comparison.

[@trinichick76]

Okay, some things are not adding up. Three people live in the apartment. Rent is $2300, yet her share is $1000. Plus she buys all the food. What is her partner contributing?

[@Andrade_USA]

trinichick76 some bomb Vitamin D is my guess lol

[@ten10zinG]

gross

[@godkimseokjin6429]

Maybe her partner makes less money than her

[@emilyc1988]

Nothing

[@cartermahoney7349]

She probably has the bigger bedroom hence a bigger portion of the rent

[@AJ-vj8uu]

She's going to be in for a rude awakening when she hits 40.

[@lombremic4840]

She’ll hit the wall at 40 though

[@lombremic4840]

@A F But I have had more sexual partners than you.

[@zarakareem4716]

ok, so stop with the mindset of working until 65, look around you, how many 65 yearolds do you see working? not many, try your best to be able to retire by 50/55/60, because if you lose your job at 55, it may be hard to get another one. most employers like youngsters who are able to work harder, for less pay.

[@ellie-tk4jy]

@@zarakareem4716 lots of people work way after 65. They're working either in menial jobs or the arts. poor people don't retire because they were never able to save.

[@zarakareem4716]

@@ellie-tk4jy sure, but its very hard to get hired anywhere after 60+, best to keep this in mind.

[@RocknRollDina]

if you work from home you dont need to live in NYC

[@ABCdawggg]

Imagine relying on your dad to pay your taxes at the age of 32.

[@michiganstate6947]

Ok her dad paid her taxes , how is she living comfortably?

[@MK-de2wo]

the dad did the taxes, but she payed them

[@michiganstate6947]

MichaelApps she clearly states "my Dad paid my taxes"

[@AmandaLovesOldFords]

I would live comfortably too if my daddy paid for my expenses 🤷🏻

[@SciFiGirl007]

Alex Wilson this woman is living comfortably cause Dad is supporting her immature choices.

[@michiganstate6947]

@Luís Andrade common for who? common for privileged people. In reality if that’s common for you then you live in a totally different world than more than half of the world’s population.

[@ladyj8629]

I get following your dreams, I really do, but the money choices in this video are so bad its making my eyeball twitch.

[@RuthCuadrado]

LADY J I felt extreme anxiety

[@lucaslevon8466]

$1,000/month for food. Looks like $750 of that is booze.

[@nntflow7058]

For 2 people and in the most expensive city on earth. She also work as food editor, soo.....

[@donaldtrump6750]

Hahahahaha

[@notafanboy250]

lol I don't know if you're speaking from experience but I know I am haha

[@jarvisaddison8560]

LMFAO

[@cateyes97]

Lucas Levon What I remember hearing is she pays $1,000 a month for food and her partner. What does he contribute to feeding himself?

[@ashlee120386]

She’s already paying a lot in rent...Why the hell is SHE paying for food, so expensive at that???? I don’t understand why the phone bill is so high????

[@clair3kee432]

ash rob I think she financed her iPhone plus her monthly phone bill too.

[@raney150]

That's not necessarily bad for an apartment in NYC.

[@derrickng4017]

Mistake #1, an iphone

[@alicen2610]

1. $1k for a room in NYC is normal. It's nearly impossible to find anything for less than $800/month that isn't really far from Manhattan or doesn't have some sort of bug/mice/rat infestation. Some okay places exist at those prices but the competition for them is high whenever they become available. 2. She is most likely on an unlimited plan and paying for the phone per month, rather than having paid for it upfront. But yeah, iPhones are pricey, she could have saved money getting a cheaper phone. 3. It says she is paying for both her and her bf's food (not sure why), so that is around $500/month each, which isn't that crazy for NYC ($16.50/day, when food is like 50%-200% as expensive as in smaller US cities, even in the grocery stores). They could save money eating instant ramen and spaghetti every meal but no one wants to live like that after college if they don't absolutely have to.

[@lifestraight]

@@alicen2610 $500 a month is enough to feed two people let alone each of them requiring $500.

[@NoScopeNinja]

$80 a month in side hustle. LOL.

[@FriendlyUnicornNinja]

I literally make this in TWO DAYS from my side hustle which still isn't amazing, but good lord...

[@jesusarrieta5618]

blackcatenthusiast what’s your side hustle ?

[@FriendlyUnicornNinja]

doordash. I understand someone in a very condense city might have a little bit of trouble with getting a lot of deliveries in, but it still is such easy money and you can do it when you want..@@jesusarrieta5618

[@Sooners0561]

Come on! she is trying, its better than nothing

[@maddimartinez7894]

It’s more like making some pocket change on a hobby and, honestly, that’s totally fine! What’s not fine are a lot of her other financial decisions. $1000 a month on food? For her AND her partner? And also seems to be paying quite a bit for her partners rent? $30 on mushrooms.... cashing out on her 401k. Oi.

[@stephaniesandoval3868]

How is a 30 some year old still relying on parents to pay off their own dues, IRRESPONSIBLE smh

[@stephaniesandoval3868]

Oh K well she looks like she’s living life according to this video🤷🏻‍♀️

[@fixieroy]

Stephanie Sandoval She needed a break to get a fresh start- i think its great her parents invested 7k in her because now it looks like shes going farther than she had before. Which also means thats 7k her parents can always get back and then some... 🙄

[@rezaf2391]

i would be so ashamed of my self if i do that,

[@derrickng4017]

@Oh K not with that spending habit. She spends like she makes 100k. Excuse me, wtf

[@toladep]

You can tell her parents are well off and support her in other ways too This is a reality for a lot of ppl in this city

[@taelee1113]

I know this is crazy to New Yorker, but you can write and make podcasts anywhere. Just move to any cities in midwest, then your life will be so much better.

[@FriendlyUnicornNinja]

right? $50k in the midwest would set you pretty in middle class. I love New York as much as the next guy, but cheese and rice people... the midwest is where it's at.

[@laceyrein3223]

blackcatenthusiast or closer like New Jersey, upstate, ct

[@buffycatnip]

exactly! 50k is considered lot of money if you live in the midwest and i would live sooo much more comfortably with that kind of cash in my pocket

[@KellyKels23]

I live in Indiana & would live comfortably on that. Honestly, I'd live comfortably on what I make now if I never wracked up credit card debt after getting laid off but I also lived in KY before moving here in may & $50k would have you living comfortably there as well but I'll just speak for me as a single person with no kids.

[@slickawesome7807]

But then it sucks because there's nothing to do and people are married by 30

[@joeybelltko]

One small little thing these hipsters who invaded the nyc leave out of there great life traveling stories is that there family’s usually are absolutely rich. And they are trust fund baby’s. Hmmm... 50,000 a year, ok! But an emergency fund of 3 million dollars just in case. I think I’m going to be a baker and an author myself 😂

[@louis84100]

Your totally right. Mommy and daddy's got their back😁

[@fixieroy]

Did u even watch the interview? She only had $7k to fall back on which was her retirement savings...

[@ASAManifesto]

@@fixieroy yes but her parents are not on her balance sheet.

[@MileyCyrious]

Fritzroy Woods or when she admitted her parents pay her federal taxes for her which is 75% of taxes.

[@ASAManifesto]

@@MileyCyrious for active employees.... I bet she is a 1099 thus reducing her federal taxes even more unless she does pay fica.

[@laboheme125]

Main takeaway points from this video: -If you have a 401K, leave it alone. -$1,000 on food a month? Really? -Don't donate money when you yourself have none. -Life motto to NEVER live by: " I care more about my quality of life than the quality of my bank account" ***I hope CNBC, can do an update video in her in 20 years.

[@MissMBA]

There are things she is doing that she could be doing better. For example, saving. However, she seems super happy and relaxed. Not many can say the same. I hope she keeps earning more to allow her to save more. Emergency fund, taxes fund and a retirement fund.

[@NorryaParsa]

I pray this girl doesn't get a critical illness. She's one bad experience away from bankruptcy.... Disclaimer: Do not try this at home!

[@nntflow7058]

90% of Americans would go bankrupt is they get into critical illness. They have NO UNIVERSAL HEALTHCARE.

[@user-st6ui7oy1p]

Unless you live in a civilised country with healthcare.

[@andreakae4211]

Norrya Parsa it sounds like her parents would just take care of it. You never have to worry about much when you know someone will bail you out.

[@bonsaikiss]

Her daddy will pay for it

[@gcg8187]

@@nntflow7058 that's ok

[@birdplanelane7274]

“living on 50k in NYC” spoiler alert, ya cant

[@ricardoallende2434]

If money could give wisdom.

[@quietlionwhp2609]

For real!!

[@RaghunandanReddyC]

You can. But need to cut too many corners.

[@Laalaalaa10]

Yess

[@javiruiz4405]

Ummm yes you can!!!

[@aim-for-greatn3z947]

Wooow at least she had the courage to talk about money. For some reason people cant even do that but if shes happy that's all that matters. Interesting how I'm 31 make about 30k and been able to flip 4 homes to pay off all my student debt. This story only shows it really dont matter how much you make it's all about HOW you spend your money. 150 phone bill that's insane!! I have a note 8 and the se watch and my phone bill is 58.00 a month

[@SciFiGirl007]

Jeiby Vizcaino she had no courage. If she had courage, she would have faced her deep seeded issues with a less reactive solution. She simply made decisions that made her feel better for the short term. Those poor decisions ended up in her not being able to pay her own taxes. Dad should have said, “sorry.” “Set up a payment plan with the IRS.”

[@TanyaKatherine]

I wish there was a way to learn how to flip homes like you mentioned. Your comment was inspiring.

[@ohmags]

Aim-for-greatn3z 👏🏽👏🏽

[@Don-hc4gk]

Yeah, why is the I phone $150/month that's high as idk what

[@aim-for-greatn3z947]

@@TanyaKatherine there is... the internet to start researching at least

[@pipameka4274]

That's why you don't become a freelance writer

[@Sussy__baka]

Bullshit .. if that's what she wants ... go for it ... Would you rather her do something she doesn't want to? The only people that bitch about people having "real jobs" are people that have "real jobs"... no one wan'ts a "real job" but misery loves company

[@Anne_one]

Boundless Yeah, because wanting to be responsible and setting yourself up for a stable future makes one a miserable bitch.

[@dawnbugXXX]

thats why you freelance part time until its sustainable

[@NorryaParsa]

Being one full time is gutsy. As a side hustle, it's smart!

[@mrdojob]

@@Sussy__baka It;s not about doing what you want but adapting to the job market. People like her are prepositioned to forcing themselves into "jobs" in areas were there is simply a massive over demand while ignoring opportunities that open up in other fields of work that pay much better. All that following your dreams will do is leave you rigidly inflexible, stubborn and unable to see opportunity if it smacked you in the face. It also makes you financially illiterate because you assume that you can "make" a job and as a result money when in reality you can't. This woman has pinned her hopes on it all working out in the future when it's unlikely that it will. I was offered a job as a labourer in an engineering workshop, it;s not by any means what I wanted to do but I went for it anyway because the money was good. Fast forward 6 years and I;m in the process of buying my third house and I'm not even 30. In another 6 years I think I'll be financially made for life with all the rent money coming in.

[@godkimseokjin6429]

"No one told me" like as in "im not responsible for my decisions"

[@DELLRS2012]

I dont think $250 is that high of a loan payment to be honest. I do not understand why that was "the biggest mistake of her life." $250 is reasonable even if she was on an income based repayment plan.

[@slickawesome7807]

Why should she be responsible when her partner and father bails her out?

[@dianabrown2258]

Ok phew, I was having a mini financial meltdown today, just watched this, I'm younger than her and have way more money knowledge, I feel better now lol I was like "how come I'm only making $xx" *video of girl with way less* put me in my place

[@steventeoh260]

So the partner not working?

[@westskincare]

Thank you. Love to see someone living and loving their life

[@mwilliams82684]

You guys are harsh hahaha 😂 love reading the comment section on these.

[@Somelikeitthrift]

“My dad paid my taxes. HAHAHHAHHHAHAHA” smh

[@goalingkungfu]

... learned that I care more about my quality of life than the quality of my bank account..... Hmm... I cringed a bit.

[@emilyc1988]

she prefer to be broke then it's her problem.

[@SURENITY]

Student loans suck!! That is why I am going to one of the best trade schools in the USA, while doing an internship at a tech company in Frisco TX! I made the right choices :)

[@Elusivexox]

i really enjoyed seeing her sector of reality-- sure, not everyone's parent's can bail them out of a tax situation however, there are really deep lessons here about the precarious nature of work for our generation and also the choices she made in lifestyle to make it happen- a roommate, 80/podcast episode-- seems like she found a balance of self and contribution that is inspiring

[@joelcleare]

If your happy with your lifestyle choices then that’s great.

[@Maestroxxx1]

joel cleare exactly! So long as she understands the consequences and accepts it, who cares. Her problems are her problems

[@petepete1830]

Maestroxxx1 until she crashes and mooches off the welfare state aka your tax dollars! As long as there is welfare in this country what you do is not just your business but also the governments and every other tax payers!

[@mainadahlia2292]

She may understand it but not completely...

[@SciFiGirl007]

joel cleare nope. She made decisions but she also has depended on Daddy to pay bills (taxes). That is NOT appropriate. If that’s how she wants to live, fine. I have a problem where she’s not planning appropriately for taxes..... two years in a row. And PS: what’s her plan to pay Daddy back?

[@wesidk5662]

I feel like if I saw her on the street I would know she's a blogger in NYC that has a book about veganism

[@Jaytraveler2]

The title of the video really doesn't fit, it feels vague on so many levels

[@mariasantanasantana262]

Anyone have an update on her? Would love to hear about how she survived 2020

[@animeaddict13]

I looked her up and she moved to Puerto Rico (I’m guessing for the lower cost of living).

[@mdxod728]

You need to upgrade to a wealthier partner

[@6ftNaturalBeauty]

Mape 😂😭😭

[@ominous450]

I agree with this. She’s paying $1000 for her portion of a $2350 rent. She’s paying more than her partner and her friend. She also spends $1000 on food for her and her partner. Her man needs to contribute more.

[@dultimatedav24k90]

True talk!

[@carlkpsplucky5554]

What does she have to offer to that wealthier partner?

[@LadyK007]

Tiny salary in the big city, yet she seems super happy. Good for her!!!

[@lotto5742]

Only $7000 in your 401k after 6 years? Should have invested in growth stocks instead. Would probably had made 10 times more.

[@maicha7284]

You do you. Personally, I would never spend $30 on mushrooms at a farmers market if I know I’m not financially stable. But hey, everyone has different goals and perspectives. You know you’re struggling, but you still give to great causes. That just proves what a big heart you have. Hoping you the best ❤️

[@jdlc903]

How is she not not financially stable.she's on $50k.thats a lot.

[@annavideoediting3180]

I couldn't even watch this because of cringing but spent 30 min in the comments having huge laughs. Can't find more videos like this :( Make it a series (people making below $70k in SF/NY/LA)

[@RickyInDepth]

This is what happens when you think people care ab the things you like as much as you do.

[@dantraficonte8752]

It’s cool and helpful to see ppl piecing it together

[@anjanadevikumar]

Hard to comment on this because as I was exploring my options & went through my savings my Ma helped me A LOT. There are other expenses not noted, entertainment, waxing, nails, hair, insurance, Uber, etc.

[@VikteFausta]

Great video! I loved the part where she said that it might not be the right way how to spend money, but it is how she likes to spend money. We are all different and prefer different things so if spending 30$ on mushrooms makes you happy - go for it! P. S. Just don’t forget to pay your rent before buying those mushrooms! Hahaha

[@cybellejohnson6978]

Well, that 's fine if you can take care of all of your bills yourself. If Daddy has to pay your taxes when you are an adult, it's not fine.

[@PermanentHigh]

That's stupid.

[@VikteFausta]

PermanentHigh why?

[@unknowingreaper6556]

Viktorija Lipeikytė because she’ll never retire and blame rich people for her problems

[@bcasa3376]

It’s cool she followed her dreams I can’t blame her for that at all I always wanted to write and do photography I’m sure as her more writing and book proposal get picked up she will feel like yes it was all worth it!

[@Mom9494]

Ahhh!!! I'd love to listen to the podcast!

[@dcocolove808]

I never feel bad about my student loans. Without them I would not have the career I have. I grew up poor supposed myself through college working full time. To have a salary is a blessing

[@mikeye9]

She makes millennials look so bad, but sadly I think there's many of us living this way.

[@lRAY1337]

mikeye9 I'm 22 making 85k a year In IT. If you want it you can't get it..

[@eduardogarcia9793]

Wow. I feel so much better by comparison.

[@arb6732]

Wtf 150 for a iPhone I still have my iPhone 6 Plus still look brand new with case only 50 month for the bill , also I’m cook , and I only pay food for 500$ month ,I make my food from scratch. By age 25.

[@christianharbin7979]

I can’t tell you how inspiring this is for me. I’m also a writer, moving to Brooklyn in a few months, and I can’t tell you the amount of resistance I’ve faced from others in the name of supposed logic based on their perception of this decision. I know it’s extremely hard work to get up there (and to stay there), but that doesn’t take away from the fact that this “unconventional” decision is absolutely necessary for me. I’m in my late twenties, and to a large extent, I deeply felt that making such a move would be a bit childish for me in some way. Thank you for your example of courage and taking charge of your life the way you have. It means a lot to me. Thanks CNBC for this inspiring video!

[@shinyjewelsz]

Uh ... I'm a writer and I can tell you that her case in living "comfortably" is an anomaly. And even she isn't doing all that well, TBH.

[@christianharbin7979]

shinyjewelsz my point is she’s doing what makes her happy even if that means going the unconventional route. Her courage is commendable enough, in my opinion. For that, she’s doing better than most. Besides, her life has just begun. She’s got a whole future ahead of her, as do all of us. Things may not be seamlessly working for her, but I think she’s off on a good foot.

[@PermanentHigh]

Don't move to Brooklyn. Move to Queens instead. It's way cheeper and way better than Bk.

[@alfredoalcantar8691]

Plus half of Brooklyn is hood

[@2HootHoot]

Save, save, save, guys! I had to teach myself financial literacy... luckily i'm still young and have plenty of time to save for retirement, but this constant consumer culture is killing us.

[@nczioox1116]

I bought stock in Visa and Mastercard. Might as well gain from this rampant consumerism

[@unknowingreaper6556]

I like how she blames other people for her poor choice of student loans.

[@cardion411]

Lol, I loved the honesty in her.

[@sidneylozano5553]

I was so confused when she said she was living comfortable in NYC on 50K a year, because I live in CA and make 45k a year at 23 and am struggling.. it all makes sense now.

[@jacki4824]

A Real life Carrie Bradshaw. On the the show, Carrie had no savings and can’t buy her 20k apartment. Then figure out she spend 40k on shoes 👠 🤦‍♀️

[@fron645]

I love how she looks and sounds so proud of herself. Congrats!

[@shxfc_]

Great episode on what not to do. Thanks.

[@bwhite964]

1) You don't need an IPhone. A low end smart phone will cost about $140 total with a $50 a month payment. 2) I care more about my quality of life than the quality of my bank account?! That literally makes no sense. If you had a major financial set back that "quality of life" would immediately be lost. Not to mention when you reach retirement age and you have no money because you CASHED IN YOUR 401K!!! 3) I don't like thinking about money... Well that's obvious. 4) Your DAD paid your taxes!!! You are in your 30's. Like I paid my own taxes when I was 17 working part time as a lifeguard.

[@kwr2879]

Love her hair and red lipstick...

[@ilivemotivated6526]

You know it’s not that hard to pick up a personal finance book and read it. You’re only helping yourself.

[@aaronregisford4140]

I found it quite interesting that in the US, it’s a “terrible decision” to take out a student loan and in the UK, you can’t go to university without out

[@sparklesupreme8170]

Her skin is amazing

[@Myview246]

and her eyes are gorgeous!

[@jbar_85]

She needs to find a real job that offers matching 401k, good pay, benefits, and keep the side gig to keep her passion about veganism. That and move out of NYC.

[@kelseyannchorath7663]

Jess Barnett lmao that’s pretty obvious

[@jessicaacosta1726]

While these KZbin "influencers" make 50k per review 🙄

[@oco987]

Her tattoos and style are cool. That's a plus

[@biskit7]

How many people in america would love to make $50k a year and only pay $1k for rent, I hope she knows she is way better off than the average American!

[@jonathand9096]

BISKIT Garcia she also essentially has 2 roommates. So its not like the entire apartment is hers.

[@anthonymolina7416]

Rent is 500$ in my area

[@6ftNaturalBeauty]

I make 6 figures. My Mortage is $1055. I have 3 bedrooms, 2 full baths, full finished basement, one car garage and a driveway. All in a historic, old city.

[@alidi13]

@xRyalsx Cool story. Still her life not yours. Every life is different.

[@Backiinthegame]

She's going to be on the streets when she hits 50 and will wonder what went wrong. As a millennial myself, I can't blame past generations for mocking us. "In addition to not having much of a salary, I'm also financially illiterate. Instead of becoming financially literate through further education or seeking someone who is, I'm just going to spend all my money ignorantly. These people are corporate America's favorite type of person who will forever stay in a perpetual state of turning the gears at the bottom of the socioeconomic level.

[@alanlee67]

Get a job at ups. I work 60 hrs a week at 36 bucks an hour, have full benefits, a pension, and 401k. I love working and being competitive. I want to be the best driver in the world and I get loads of fulfillment everyday. Only catch is I probably do more work in a half hour than you'll probably do in a month.

[@Backiinthegame]

With all due respect, that mentality is exactly what I'm talking about, you're implying the fact that many older Americans don't have enough savings, why should the younger generation not just axe their future and spend their money to live in the now. Sure there will still be some old timers still working whether it was because of the recession, ill advised financial decisions, or flat-out minimum wage jobs but let's not pretend like they are a majority. Whether one wants to retire or not is completely up to them, but its the fact that they have the choice to retire or not. That to me when I become old, gives me peace and mind that I can stop working whenever I want to.

[@mariesapphire1589]

@@alanlee67 my husband is a driver for UPS and yes the pay is great and benefits are insane. He had to be there 5 years before going FT but even when he was PT we both had health insurance with ZERO deductible/oop. That's unheard of.

[@smallkitten769]

I'm 19 and learned how to budget groceries at 5. I'm the most frugal in the family.

[@alanlee67]

Julia Marie Yup. The work is tough but you get paid for it. It's all about whether you want to sacrifice so you and your family can be secure.

[@BlaznAzyn]

At least make sure your writing off the 30 dollars in mushrooms.

[@nczioox1116]

Probably wouldn't even overtake the standard deduction. Its money down the drain

[@GoodKarma11]

A student loan isn’t a mistake if you’re smart about what school you go to (low tuition) and if you actually go for something that pays in the end like the medical field, engineering or science.

[@taryndooms6427]

That Ina Garten candle! Lol! "How easy is that?" 0:38

[@passthatcouture]

...my dad, did pay my taxes HAHA🤣

[@fatherleo4603]

If I were her, I'd buy a good bicycle and start delivering food for supplemental income.

[@_samuel_david]

0:13 seconds in and I already see a candle with Jesus on it and tarot cards. I can’t be the only one who finds that funny.

[@joemomma7161]

I’m barley surviving in Cali off 300k. I make 150-200k with OT and my wife makes 100k. We are both RNs. I can’t imagine living off 50k

[@harshaansekhon3740]

She needs to to grow up

[@denoosoo]

welp she hasn't updated her podcast since april 2019 lol

[@dylonm9231]

what phone plan is 150$ and what gym membership 15$?

[@chrisjames6323]

And her living situation is exactly what drives up these rent prices

[@GoddessEmeralds]

$150.00 on cell phone.. smh I pay $160.00 for 2 cell phones, METRO PCS IS AWESOME.

[@nitishkannan2919]

It’s possible to live for 200 a month on food stamps

[@Makasituation]

There'd no way she'd be able to maintain her current lifestyle if she weren't splitting half her expenses with someone else. This is not "making it" in the slightest.

[@sadiemay8339]

Cut your grocery bill in half & you can save $6,000 a year. Food may be more expensive in New York but if you learn where to grocery shop vs. where not to shop, you can cut your food bill down. $250 per person is still a generous amount to spend on food even if food is higher in New York.

[@liouting]

M’y mother makes less than that her rent 1400 why complain smh 🤦🏽‍♀️

[@thereIsaidit123]

All your priorities are warped! 1000$ on food ? That means you go out alot ! You cashed out your 401k ? No bueno .... Donate money ? 50,000$ is not much in new york unless you want to have a roomate forever ....

[@StevenYang95]

I’m studying my Securities exams to become a private financial advisor. I love talking about money, savings, retirement and investments and how to investment to grow your profolio. Work smarter for your money, not harder.

[@MrEnergyCzar]

Just getting by.