Living On $650K A Year In Los Angeles | Millennial Money

Lauren Simmons, 27, lives in Los Angeles, California and earns $650,000 from a variety of roles from public figure and author to TV and podcast host. At 22, she became the youngest female trader at the New York Stock Exchange, earning just $12,000 per year. Today she is her own boss and is on track to make $1 million in 2022.
This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.
Follow Lauren on Instagram: / lasimmons
Check out Going Public: / goingpublic
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Living On $650K A Year In Los Angeles | Millennial Money

[@CNBCMakeIt]

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/32TYZ2K​

[@trieule7158]

dam.. her dog eat better than i do...rip

[@kiraasuka9943]

Hey don't copy and paste from wikipedia. Wiki states she made 12k as first year trader but the reference link to an interview with business insider saying she made 120K instead. I know Journalism is never about truth in the US but at least leave your reference otherwise it's called plagiarism

[@madiezancanellatl9205]

I'm new to crypto investment, how do I get started with the help of a professional?

[@Michaelanderson1985]

Her Mom got great joy and fulfillment along with peace by "having her as a child and raising her to be a good person" hopefully she learns that the most miserable people on planet earth are women over age 45 who are un-married with no children regardless of their profession and income. Even with her 1Mil per year, her Fame, nice house and her dog she will eventually become miserable if she gets old and has no family. FACTS!!

[@the3rdking747]

If her life goal is to save money.... shes doing a great job, if her goal is to create wealth shes doing a horrible job utilizing her income. but like "her mom" her values are saving saving saving..............saving for what? without a income the money she saved will eventually disappear over time... ' why would you save when you can create income month after month

[@justineleconte]

She really knows what she’s doing, and also what she won’t touch. A sound basis!

[@user-nn3gq7fu2w]

Glad you love the content. Helpline is projected above 🇱🇷 I'll introduce you to something new worth Investing your $$

[@KayDejaVu]

And had a great parent to give her a head start.

[@laurafernandez1205]

Nice seeing you here Justine!

[@philipbond4088]

In the middle of the video I was thinking "she kind of looks like M.Obama and her confidence level are on par with character for her to run for presidency in the future"...and then she says it at the end! If women were heads of states this world would be so much different, sooo much different.

[@mechanicaltypewriteroperat9885]

How is someone with a degree in genetics know exactly what she is trading or the specifics in details? There are so many acronyms, abbreviations, jargons to lingos. But generally speaking you can tell when someone is an expert. I taught she was some overqualified finance major from a prestigious college. For example Janet Yellen, she is overqualified and beyond an expert.

[@FrugalFam1]

I too, have decided that I will only accept job offers *starting at $120k* 😂

[@joylm9108]

Provided you have the skills to make that demand

[@jonathanvillegas7570]

@@joylm9108 Finance doesn't really take skills. It's more about connections. She doesn't even have a degree in finance. Rich people often send their kids to prestigious finance schools just to make connections with other rich families. They don't need the training, they're going to make millions in their family business anyways. She couldn't manage to land a finance job that paid 120k/year. Floor Traders at the NYSE are redundant and obsolete since trades can be made from an app almost instantly. Her income is from making content and brand deals to talk about finance

[@samjordan8800]

Her $650,000 is her "exit deal" and you've described it perfectly.

[@aeriel4972]

Know your worth 👏

[@Martina_E]

right?!

[@blackpinkstannn]

Wish there was more information on how she transitioned from genetics to finance...seems like the video glossed over a huge contribution to how she got to this point.

[@BuMyBeLlY]

This may be one of the most vague episodes I've seen. Seems like the key details were left out.

[@tracy_ragland]

Yeah I agree they always cut out a lot of the interview It’s annoying

[@LOUDMOUTHFLAVORS]

That's because it's all fluff sir... I don't believe a word. They edit these things to perfection I will admit. The desired lie comes across perfectly.

[@dantan1249]

@@BuMyBeLlY seems like it. Youngest trader on Wall Street but she took a 12k a year job to have that title. Then she just magically jumps to making all this money?

[@DianneOsei417]

CNBC had a special on her when she was 22 and it provides more detail. I believe it stated she networked to get the finance job

[@maverick3069]

I'd love to see how she invests 85% of her money, while having only 2k in checking. 12k to 650k is an INSANE growth so kudos to her!

[@alicemuller9386]

@Louise Raphaël That’s a great question to ask here and should get the best answers cause a lot of people also seek answers to the same questions but couldn’t find any answer and they end up making wrong steps which result to financial breakdown to many.

[@alicemuller9386]

Why not reach out a *financial advisor* of a *Wealth Management Firm* who offers guidances and teaches how to grow your finance *yourself* with ease which will make *great returns* for you. I’ve earned almost *500k* with a good one so far. Give this a try if you need financial freedom

[@alicemuller9386]

@Louise Raphaël Run a quick *research* on the INTERNET about this Financial Advisor, where I believe you can *approach* her from, do your check using her full names below

[@alicemuller9386]

*ANNA KRISTINE SERVICES*

[@OliverJanShD]

Yeah her investments must be insane! Definitely very motivational

[@rineilperez1633]

She’s a good example of “it’s not how much you make, it’s how much you can keep!” Kudos to her for being an inspo for millennials like myself. I’m a pharmacist with a good salary but hers is what I’m striving to hit!

[@auracare]

Well when you somehow only spend less than $200/monthly on groceries and less than $50/monthly on utilities somehow in LOS ANGELES.... and CNBC trying to discredit crypto. Wake up people

[@toniwonkanobi]

You want to hit $650K/year ...as a pharmacist?

[@rineilperez1633]

@@toniwonkanobi I don’t think that would be possible. I’m working on other side hustles and building up my investment portfolio. Being a pharmacist does give a decent income tho!

[@hamishphistopholoes6540]

BEWARE: SCAM ALERT. SCAM, SCAM, SCAM, SCAM...

[@emotionscomeandgo]

@@toniwonkanobi a ton of pharmacists make that much. It’s called owning your own store.

[@Paul-oh4fe]

Smart kid. Good mom. This is what happens when you're taught budgeting and you practice living within your means at a young age. It follows you through life.

[@mango-5424]

Absolutely!

[@allnewjient7651]

Was she taught how to be a good mother and a wife? i guess thats to much to ask nowadays, but its ok with millions of immigrants coming in.

[@Pythonzzz]

@@allnewjient7651 wow, you managed to display your sexism and your xenophobia in just two sentences. You’re very efficient.

[@Gaddemonka]

I love how down to earth and “normal” she is and that she doesn’t spend all the money she earns but thinks of the future as well and knows the importance of savings. Kudos to this smart woman! 🙌🏼

[@mango-5424]

Absolutely!

[@MK-xn6qx]

Savings in stocks & bonds which can disappear in seconds when market crashes lol? The other billion $ companies have their money invested in Gold, Oil, Real Estate etc.. not in some stocks or bonds. That is not for avg person..

[@greenearthblueskies8556]

@@MK-xn6qx okay ...bye

[@lateishaclement]

This is so inspiring. I love how she keeps $2000 in her bank account. There is such a self-control and discipline that speaks volumes of her mental mindset. She's so connected to her roots and how she grew up. Kudos to her mom as well for the principles instilled at such an early age.

[@LimitedWard]

Keeping such a small amount in your bank account is just savvy investing. Storing your money in a savings account means you're literally burning money.

[@ABa-ve3ul]

@@LimitedWard why? Where exactly do you recommend putting it for someone who is new to all this and doesn’t know much about investing? Thank you so much in advance

[@Sabs2510]

Inflation means that the value of your cash is (very very slowly) decreasing (against the cost of living). You need to be earning interest to keep up with inflation, if you don’t know where to start it’s probably best to check out index funds (or speak to an adviser!)

[@LimitedWard]

@@ABa-ve3ul Sabs2510's response is absolutely correct. Interest rates for savings accounts are so small that inflation is rising much faster than what you're earning. This means the value of your savings account is depreciating over time. To be clear, that doesn't mean you should go ahead and close out your saving account in favor of index funds. You should still keep a small amount in savings in case of emergencies. $2k is admittedly very small (possibly too small). General rule of thumb is to keep at most 6 months worth of expenses in your savings. The rest you should try to invest elsewhere. The best places would be tax advantaged account (e.g. an IRA), but literally any other type of investment account would likely be better than keeping it all in savings.

[@ABa-ve3ul]

@@LimitedWard thank you so much for your response, I truly appreciate it. Could you possibly tell me more about IRA? I’m very new to all this due to previous financial hardships

[@daniellemayber6509]

I liked the part (after she realized the disparity at the NYSE) where she decided she would only accept job salaries over 120K 😊

[@user-nn3gq7fu2w]

Glad you love the content. Helpline is projected above 🇱🇷 I'll introduce you to something new worth Investing your $$

[@ABa-ve3ul]

Most ppl don’t have that type of privilege like her

[@707tich]

When you know better you do better. She was like I Seen it thank you but Im worth more.I value myself and I’m going to be prepared for my new deserving asking price

[@daniellemayber6509]

@@707tich Yes exactly!!

[@mtngrl5859]

Shows the importance of networking and know what others are being paid. Since her background was not in finance, this likely was just her training salary, since they needed to invest in her training. One sees this if one works at an insurance brokerage after one gets their license. Just enough to get by but low enough to motivate one.

[@thomasfreddie9235]

The high rate of cost of living is really affecting a lot of families out there, even those that got no job

[@kimberlycobbs9303]

The cost of living is making people go into different business anyways, but my problem is that the rate at which gets finish is very surprising

[@thomasfreddie9235]

@Michael Clinton How do you do it sir?

[@kimberlycobbs9303]

@@thomasfreddie9235 It's very possible because I make $7800 with my little $1200 weekly

[@williamleonard2242]

@@kimberlycobbs9303 this is the same bitcoin trading I'm presently struggling with and I've run bankrupt

[@rosemarypeterson7442]

@Michael Clinton Should i say not just an expert, Mrs Sarah Ann has the best trading records because of her rate of performance.

[@NicoleBarker-he2vp]

I've been keeping a substantial amount of my savings in cash. It feels safe, but I wonder if it's the right approach for retirement. I want to invest roughly $400K in stocks since I've heard that even in challenging times, investors may turn a profit. I’m not sure where to go from here.

[@RossiPopa]

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

[@RusuSilva]

Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who have been investing for many years.

[@RichardMoore-jg5tl]

This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.

[@RusuSilva]

Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@RichardMoore-jg5tl]

I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.

[@contrive400]

Congrats to her. She is a living proof that majoring in a certain field shouldn't prevent you from exploring other career options.

[@JohnsonKayla12]

I can’t even be rubbed the wrong way at her saying $12k is not that different from $650k because she is 100% correct about spending habits. I’m a somewhat impulsive person and went from $24k to $75k. I did not handle that increase well and increased my cost of living which now has me in a bind that I shouldn’t be in. My goal now is to decrease my cost of living so that I can start saving again and use my money wisely. If you don’t know how to save/spend properky, any amount of money won’t seem like enough.

[@blackcherry6877]

In a country where average rent is $1200, food and gas prices are high, there is a huge difference between making $12,000 and $650,000 a year. If its not then why would she say she will not take a job making less than 120k a year. She is delusional.

[@JohnsonKayla12]

@@blackcherry6877 You’re not wrong at all. I only agree with her point about spending habits and the takeaway for me is that I probably wouldn’t handle $650k properly either until i better educate myself financially so I personally wasn’t offended like I usually would be if someone said something like that.

[@blackcherry6877]

@@JohnsonKayla12 I hear ya. I just don't believe her story. Too many holes in her story, some things are not adding up.

[@tae7x]

@@blackcherry6877 I don't think she meant literally, but just in terms of her mindset. Meaning she didn't let the increase throw off her tendency to save aggressively and control her spending, despite having so much more to work with. I agree with OP in that I am impulsive as well and probably wouldn't handle that kind of increase well as I am right now, because I'm not nearly as disciplined as the woman in the video and seriously need to change that. It's all in the mindset, but she's also speaking about her personal world view, not the literal difference in lifestyle. As for things not adding up, she's a person with multiple streams of income having her story boiled down to less than 10 minutes on KZbin, so you as a viewer most certainly don't have the whole story and there's nothing wrong with that.

[@itskarla4u]

Am I the only person that wants to hear more about how she earns her money rather than whats she spends on. I still don't really know how she makes 650K a year. I know how to save but I could use some ideas on what hustles pay well.

[@santarosahero]

She said it right in the beginning. She's producer, author, a host on a podcast, works on a tv series, investor, and sits on a board of a few financial companies.

[@Naomi-xu4hq]

@@santarosahero no, other videos they break down what they make in what feilds they make it in. Like graham Stephan or the babysitter

[@fields1336]

Yup... This made no sense at all......

[@WillieFungo]

Calling her businesses hustles is the first mistake.

[@KuostA]

"She's basically a social media influencer with a niche in finance. The bulk of her money comes from brand deals." "Exactly. She was never a good trader. Just got recognition from being the first Black female trader. Left the job after only a year to pursue her social media career"

[@astrea79]

Good for her. It sounds like she has a good head on her shoulders and had a terrific foundation for success instilled by her mother. I hope she goes on to do other great things.

[@itsyooboii1464]

she deserves more for her hard work ... too bad those CA taxes ripping everyone off

[@nickhildenbrandt4529]

She claims to make $650k but lives off a budget of someone making high 5 figures? Maybe she is an extreme saver, but something doesn't add up to me. No matter what, cheers to her success.

[@financialtortoise7571]

I wish they explain how she got to that point; they skip a lot of steps to get to 650000. Also when she said making 12000 dollars is not much of a difference between 650000 dollars is laughable. Like she will not be able to have that apartment if she had less money.

[@Mavaros90]

She works in finance, she's an author, producer and host. That's how she got there. No need for an itemised breakdown.

[@mickylord21]

@@Mavaros90 Learning peoples career paths is always interesting and informative

[@0Mynameisearl0]

@@Mavaros90 if there was ever a video that would call for an itemized breakdown it would be a millennial money video

[@MRainy-ot7rc]

Not trying to hate I don't believe her

[@aprilgarrett2596]

@@Mavaros90 Right. People are so miserable. Finance brings in SO much money if you're on Wall Street (which she obviously was.) Also, they said she made an exit strategy and she became an entrepreneur. Yall can hate the game, but don't hate the player!

[@MissMiaAfroGoddess]

GREAT JOB LAUREN!! You’re killing it, saving 85% of your pay is incredibly wise, I bet your parents are so proud

[@leok7193]

How is that wise? If she gets hurt or killed tomorrow, she didn't get to spend any of the money that she puts all the time and effort in. Nothing wise about hoarding. If you want to be wise, realize there are no guarantees in life. Save enough for later and learn to enjoy what you have here and now.

[@MissMiaAfroGoddess]

@@leok7193 what if she has children and grandchildren or lives until she’s 100? if invested wisely, she can obviously use the money she earned in her youth to secure herself and her family generations. What if she wants to start a business in 10 years? She can use the capital she saved. What if she wants to buy a house (or five or an apartment building)? Guess what, she can use her savings and will never need a loan from anyone. What if she gets injured? SHE HAS HER SAVINGS TO FALL BACK ON. If she gets killed? Any debts can be paid, her family can lay her to rest with dignity and maybe inherit. She makes 650 and saves 85%, she takes home 97K per year to spend. As a single young person with no kids, she can do plenty with 97K. It would very short sighted for her to blow it all right now on silly depreciating assets as you’re suggesting, that’s poverty mindset.

[@leok7193]

@@MissMiaAfroGoddess poverty mindset. lol I don't talk to delusional people. If you think real estate is a depreciating asset or that joys of life fall second to the illusion of financial security, you need to reevaluate your life instead of commenting here

[@TOTM]

$165 on food per month?!? What am I doing wrong? 😂🤣 All jokes aside, she is such an inspiration to many. I like how she did not settle for her previous lower paying job but used it as a stepping stone to be where she’s at now. Awesome lady 👍🏾

[@skqq3250]

Well perhaps her tummy is smaller so filling it with healthy food and water is a start and limiting snacking will go a long way. Since she has to also buy dog food and pay vet bills, $165 food bill can be done if you can cook a bit and live on salads. Make your own vinaigrette.

[@frankyohance4625]

Living in LA paying 165 USD a month for food is practically impossible. Must be a lot of free meals eating out on dates. She's talking about buying salmon and shrimp to cook dinner for her and her dog. How do you arrive at 165 a month eating that? Lol

[@noraanabs4099]

@@frankyohance4625 I am surprised too even if you’re eating only salad!! $165 for a month!! I need to know how she does it.

[@frankyohance4625]

@@noraanabs4099 I am almost positive it's not possible. Not at 165 USD per month. It's LA. Mind you, no young woman her age will lock herself up in an apartment either, otherwise it defeats living there. Dinner and going out for food (read: dating) is part of the social environment in a city like that. A night out for dinner for one person alone will run you 50 to 100 USD easy. Nothing fancy either. I live in NY. It's the same environment here. As a man subsidizing women's food by taking them out on dates that lead to nothing is very common, if you're not careful. Not saying that's what she's doing because she actually seems to have substance and a lot to offer, but in my opinion that's the only way you can live in a city like LA spending so little on food. Go for a quick supermarket run to buy some bread and a small piece of cheese, you come out with 40 USD less in your pockets. This is simply the downside of living in a big city like LA.

[@CrushingReality]

@@frankyohance4625 Additionally though, since she has a lot of brand deals and so forth, I bet she gets invited to lots of exclusive events with catering, so companies are always providing her meals.

[@rotienoxoxo]

Wow - this is one of my favorites. She's so humble and down to earth. I also like that the things and habits she mentioned are things anyone can do. Saving 85% of income though!! That's pretty impressive. Very happy for her!

[@aresinnet]

try some LED light bulbs.🙂

[@ashleyh8352]

too bad in Vancouver (CA), most people spend over 50% of their income on rent :/

[@danielmedina4953]

Many people venture into crypto to be wealthy, meanwhile I just want to be debt free.

[@andreajueal8243]

Your business will make you rich but your investment will make you wealthy. We all deserve to be rich and have financial freedom. I pray everyone reading this becomes extremely successful.

[@haydencraig7149]

When you invest in crypto you are buying days you don't need to work

[@lindapoplin7150]

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

[@johnchris7085]

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.

[@stevewilliams760]

Investing in crypto is the most profitable investment due to its current rise, huge profits and future benefits.

[@boa7284]

I am so in awe of her drive and confidence, it is inspiring!!!

[@beyluv2]

She's basically a social media influencer with a niche in finance. The bulk of her money comes from brand deals.

[@lukebradley7879]

Exactly. She was never a good trader. Just got recognition from being the first Black female trader. Left the job after only a year to pursue her social media career

[@KuostA]

@@lukebradley7879 factssssssssssssssssssssssssss

[@brittanysymone813]

@@lukebradley7879 haterrrr

[@TeKeyaKrystal]

see , i wish she would've said that from the jump instead of beating around the bush with her answer to "what do i do?"

[@deidremuphy9735]

😬But Facts

[@jackdvision]

3:26 In the budget there is no allocation to groceries and only $165/month for food. You’re telling me some clearing half a million dollars doesn’t spend more than $5.50 a day on food? In Los Angeles $165 will get you 10 take out meals at best. At a grocery store you’ll spend $165 in two hauls (in only 1 if you shop at whole foods/erewhon). The budget in this video is off and unrealistic. Also lmk where you get $100/month health insurance 😂

[@nayjavu]

The whole thing is ridiculous and missing huge chunks of info. I'm also skeptical she makes that every year. I think they took a number after totaling all her endeavors one year and put this video out.

[@auracare]

Omg right?! Thank you for not being stupid, who spends $3800 for a single person when you're trying to save 85%? The mentality doesn't make sense. Talking down on crypto off CNBC scripting and team coming in and directing all this. There are real people who earn this much but this fake news isnt it. Cant ever trust mainstream news look into who profits from CNBC... The US economy has been screwed over by event201 (look it up if you don't know, ain't no shame in learning) and now they're like look at these people and how they only live off $5/day for food with 6figures LMAO

[@jackdvision]

@@nayjavu In my opinion this video was poorly produced and important details were glossed over. It’s clear that CNBC is solely concerned with generating quantity over quality with this video series in order to maximize profits and stay relevant rather than focusing on producing quality content that leaves viewers with a lesson learned.

[@jackdvision]

@@auracare A video like this is meant to be picked apart by the viewers and the fact there has been so many flaws in this story goes to show CNBC isn’t too concerned with quality of content, they’re more focused on quantity and algorithms so they pump out these videos with little review and without the viewers best interest in mind all so that they can stay in-line with their revenue model.

[@KuostA]

@@jackdvision spot on

[@truthefish9715]

I CLAIM 650,000 FORWARD IN JESUS NAME AMEN

[@bebeswrld937]

Amen!

[@goodluckraphael3344]

Amen

[@iamthanos554]

Amen😭😭😭😭

[@PAYDAYHEDGE]

Claiming doesn't work you can't be working at Macdonald and expect to make that not that I'm saying you are But you have to put yourself in position where it's possible to make that

[@SandraCDavis]

Amen!!!

[@KanoniNaire585]

I remember hearing her story! So proud of her! Congrats!!!

[@zaniah8270]

So inspiring for me as a 20 year old black woman.

[@goodone5590]

Why is it always about race with some black ppl.. very Egoistic

[@joevarga5982]

Don't be fooled. She's in the top tiny fraction of 1%. 99.5% are barely getting by. This is liberal propaganda.

[@donyell6209]

I first saw this inspirational woman on LinkedIn and have been able to watch her blossom over the years. Continue to grow and glow, Lauren.

[@QCMilli]

I'm so proud of you to go from $12k to $650k. Well deserved for sure, people just don't always completely understand the struggle of a young black female in corporate. You inspire!

[@joshpoi886]

Most of her money isn’t from being in corporate, it’s from social media and brand deals

[@Ashe-222]

Love this! Definitely inspiring and motivating.

[@Sweetlady1916]

I remember her original story. Glad to see she is doing well. Wow, her brand deals are amazing😊👍.

[@susieblanco2722]

Yup🙌🏾

[@allthehui]

You are amazing!! Congrats, Lauren. Your story is so inspiring.

[@Chris-dj1wz]

utilities $43? food $165? in LA? something is not adding up here

[@jason4275]

I know seems shady no way a 3 thousands a month rental would have utilities that's not in the hundreds every month.

[@christianen.4666]

@@jason4275 maybe is included

[@candyjamaican]

Man you know these vids are half truths.

[@BurnTheReciept]

@@candyjamaican and full lies lol 😂

[@Ilikefrogs..]

That's per week 🤣

[@LaTishaDStyles]

Good for you! KSU grad here as well. And if no one else says it then I will. Congratulations on the first of many millions!

[@ItsBryan301]

I’m from Marietta as well and i live and work close to KSU so this is so inspiring

[@FromDailywebEARN]

oh lovely instant profit All the advice you give pertaining to being a self-made business woman/man, is so VALUABLE. Truly, ty for everything you're doing to help motivate and inspire the rest of us. You have a heart of gold girl and I appreciate you! Just subbed!

[@lucymartin881]

The amount of time we spend believing we can't is more than enough time to learn how you can. - my Brain

[@lucusjames9892]

That's deep

[@darnellbeck5653]

am definitely stealing this, you are genuine 💯

[@sarahmorgan6931]

you are 💯% right

[@sapilomentor9308]

Am opportunity that was once a fear is now my full-time career

[@nicolascamila503]

Stocks are good but crypto is better

[@mattvangelder874]

Is a budget breakdown of someone making 650k a year (gross $54k/month) really helping anyone? The interesting part of this story is how she scaled her income from $12k to $650k, let's get more details there!

[@DaringDanielletravels]

Yeah, something about this piece seems very incomplete. I’d certainly much rather learn about how much she has made as an author since I’ve never come across any of her writing, how much she earns running a production company since I’ve never come across any of her media, how much she earns sitting on the finance boards and what she earns as an influencer. 650k annual salary is literally just the threshold to be ranked as the 1% in Los Angeles

[@frieda8956]

How about 100$ a month on food? In California? I find it hard to believe

[@flyingcolumn16]

So she has a Tesla, internet, and an apartment and only spends $43 a month on utilities? $100 on food? Something doesn’t add up here like how she went from a genetics degree to an equity trader in a year.

[@Halo4beatsB02]

That doesn't make sense maybe she has someone mentoring her

[@rsr_s239]

her degree was genetics with a minor in statistics. She's said in interviews before that she placed more emphasis on the statistics aspect of her degree, and in some cases lied and stated that she was a stats major

[@abelcanalesjr5715]

9 That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. 10

[@jones2277]

So proud of you, Lauren! keep up the good work.

[@bessycorrales6405]

Wow, she’s a breath of fresh air in these times. Congrats on her success.

[@mmesomaeboh161]

She just motivated my whole life. I love her.

[@theplacesigo4169]

She is killing it! Great episode. I wish her continued success

[@delle3955]

Congratulations Lauren Simmons! You are indeed inspiring! I love to see it!

[@FromDailywebEARN]

Ty for sharing stuff like this! You really give me hope so I don’t have to live in my car anymore. i also wanna Thank instant profit for trying to help others in tough situations 💕 you ARE appreciated! Blessings to you and your whole family gorg!

[@ventureplus5903]

Debt free & making $650K/year? She’s doing AMAZING for a 27-year old!

[@SuSoSassy]

She eats salmon, steak, etc for her and her dog and shops at Whole Foods. That costs $165 a month? 🧢🧢🧢

[@thinkforyourself9334]

🤣🤣🤣

[@disapphire]

Definitely cap!

[@stephanieawuah]

❤ love her calm confidence. Inspiring moves!

[@jeclipse129]

Her mom helped her build credit, already she’s at a huge advantage versus others. That’s wonderful she worked her way up though.

[@iStorm-my5fp]

Yeah, not everybody has good parents.

[@TeKeyaKrystal]

right . i appreciate her giving credit to the head start her mother gave her on finances

[@ninagrace-lee8323]

Yeah that’s definitely a good head start lol. Her mom helped her build credit and she had somewhere to live while she made $12k a year (and made history)

[@drewconway7135]

I don’t get why some people would be unwilling to congratulate her on her success just because she’s a girl. But those people aren’t worth worrying about. She is doing fantastic for herself, which I think is great. I hope she inspires many more girls to chase their ambitions

[@heatherfeather9951]

Only dusty Kevin Scamuels fans would have a problem with her success.

[@AccentBwoy]

@@heatherfeather9951 kevin hit ur nerves

[@alp.9672]

What is this fake narrative? Nobody is even being disrespectful in the comments.

[@drewconway7135]

@@alp.9672 It’s not a “fake narrative” (whatever tf that is). She says herself at 7:08 that she feels women don’t get the kudos when they are successful. I’m saying I don’t get why people wouldn’t. I’m a guy and I admire her success and all of the things she’s been able to do.

[@alp.9672]

@@drewconway7135 I’m talking about in the comments of this video!

[@michellepascual1679]

I loved that video from you years ago!! Thank you for innovating. Best of luck!

[@Allinmyworld]

Absolutely love this! Lauren even though i'm older than you, you inspire me! Do your thang

[@lilkimster5510]

wait - how is she paying only $100/month in health insurance? I'm over here making $25K a year and I pay $130/month... also, her electricity is only $43/month?! I pay anywhere from $75-$130 for my one bedroom.

[@lillygordon9121]

Because she is misrepresenting herself. I read an article in which she pays $165 for her monthly food bill at Whole Foods. Really? I can spend the same amount anywhere from a week to a day shopping at WF. The truth will be revealed at a later date.

[@Cinnamon535]

Because she's female if you check the box for female in your insurance you automatically get a discount it's called women privilege

[@lilkimster5510]

@@Cinnamon535 that's inaccurate. I am currently a PREGNANT female and still pay $130/month.

[@SharDavisXo]

I love to see this! I've been following her on instagram for a while now, a true class act and inspiration!

[@user-nn3gq7fu2w]

Glad you love the content. Helpline is projected above 🇱🇷 I'll introduce you to something new worth Investing your $$

[@jmana923]

Kudos to her for killing it. But this video left me with more questions than answers… - how is she spending only $165 on food while eating shrimp & salmon? IN LA! - how are utilities only $45/month?! Again, in California…some of the highest utility rates in the country I felt the video was pretty secretive? Maybe she didn’t wanna give away her advice for free, which I get. Lol but if the traders aren’t putting $ in the market…where are they putting it? Art? Real estate? Throw us a bone lol.

[@changetocome100]

Iknow so many questions, hate when they leave us spinning!!!

[@FitforFiftyish]

What about how much is she spending on health and beauty. Her hair alone costs a fortune in LA I’m sure.

[@simsations1]

Also, she said she didn’t invest in the stick market til 2020. So has she been keeping 85% of her income in a savings account getting eaten by inflation? Hard to believe someone who’s worked in wall street would do that.

[@OracleofDelphiTarot]

How did she get into finance/trading when her degree is in genetics, doesn't make any sense

[@lovingmividaloca54]

Thank you! I was thinking the same thing!! I’ve lived in California my whole life and she’s definitely downplayed the numbers. Did you see those strawberries?? lol $165 a month is $5.50 a day…There is no way!!!! The $265 on transportation in LA got me too yet she’s driving a luxury car, what about gas , car insurance and parking. Also she left out her beauty budget…She’s gorgeous but I see lashes and hair that are not cheap.

[@biancawilliams9716]

Go Lauren!!!! Super proud of you!!! Congratulations!!!

[@Mpb11414]

What a great story and thank you for sharing.

[@NathalieLazo]

She’s so ambitious, has her head in the game very well while also being super outgoing, very loving and humble it seems like. Congratulations to her! 🙌🏼😃

[@lSomeRandomGuyl]

That’s a lot of judgments based on a 5 minute video

[@Brvnda]

@@lSomeRandomGuyl why are you hating on someone spreading positivty to others? LOL

[@JordansTutorials7577]

Charismatic

[@Cindy54504]

She is very bright, I hope she is successful in all her endeavors. So far, she is doing an amazing job.

[@meech7520]

I don't know you Lauren....but I'm proud of you sis. Keep growing, keep building, keep leading by example.

[@patriciahercules6852]

She should move in silence.Don't tell the world how much money you make.

[@kucheranraina9201]

My method is to buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct. also ignore the forecasts and market views which are at best entertaining but completely useless. thanks to having an adviser, ever grateful to Michelle Ann Schlosser

[@basconevinnie647]

❤️❤️I keep buying my targeted stocks on low days. I'm pretty sure the market will recover soon and continue the climb.

[@rianosherry860]

>>Impressive. also I did read about Michelle Ann Schlosser on the web., quite a great resume she has.

[@cristinabaker5292]

With inflation worries growing, and the Federal Reserve taking a more hawkish approach to interest rates and bond purchase tapering, i feel a correction underway.

[@paigeharris3728]

Found her webpage, and left a mail after going through her credentials. I'm willing to make consultations to improve my portfolio..

[@cocoa_pacific]

She’s amazing! So proud of her 🎉

[@antizzleness]

If you base it on her degree, a significant amount of people working in finance and wall St don't even have business academic backgrounds but simply highly quantitative backgrounds to become quants for data analytics like mathematics, statistics, computer science, engineering, physics, etc. She had a minor in statistics, which has a lot of overlap genetics, which is one of the most quantitative biological fields of study. That seemed to have got her a foot in the door to work as business analyst for a corporate retailer, which is a common job generally out of college for anyone who has skills in data analytics, something im sure she did plenty of in college. from there, she made her way to the nyse, and clearly she had to grind to make her way up from $12000. But if you set and uphold your own standards, youd be surprised how quickly you can move up the latter when you only take opportunities that pay you what you know you should be worthed based on researched business norms. Once you get your foot in the door, being able to network, and sell and market your skills goes a long way. Also goes to show how far having a strong math background can take you. sis really earned that 👏👏

[@brownlatinaa46]

People who dont live with their parents are sooooo selfish, living with parents soo much benefit save money, your learn adjustment, compromise, having everything you want all the time leads to detriment remeember that

[@antizzleness]

@@brownlatinaa46 i believe this is the wrong comment reply

[@KuostA]

"She's basically a social media influencer with a niche in finance. The bulk of her money comes from brand deals." "Exactly. She was never a good trader. Just got recognition from being the first Black female trader. Left the job after only a year to pursue her social media career"

[@princessadora]

she said she went straight from 12 to 120.

[@Cinnamon535]

The fact that she's a women's and she's black also opens all these doors for her

[@bigron1946]

She has the beauty and the brains,glad she’s doing well

[@alp.9672]

Yea she literally the total package. I’m sure she doesn’t talk to men her age or earn less than her.

[@butterflymoon6368]

@@alp.9672 Uhm, she would definitely talk to men her age. Most women date younger now. The young girl-old guy thing is a no no.

[@Flash363]

@@butterflymoon6368 you have no idea what you're saying lol

[@skywalker6648]

@@alp.9672 Of course not, would you?

[@mtngrl5859]

@@butterflymoon6368 She's only 28, she likely dates age appropriate which is likely 26-40.

[@adanstudios4310]

I love this so much! You go girl.

[@jalyassin]

Talk about the whole package! Beauty, brains, values, ambition, WOW girl I'm so impressed and inspired... Well done 👏💪👍😍

[@MarilynChidera]

This was such an excellent video to show that all it takes is time. You may not be where you want to be today, but you never know your future, so keep going.

[@DrivingAway1]

at some points, this vid seemed more like a dating profile than a financial report

[@jmilansjourney]

Soooo inspiring ! Love her story!

[@atiyadwyer4281]

More stories like these, please! Love it..

[@MissG517]

So first off congrats to her on her success. The question that came up for me when she said that 12k is not different from 650k (and she said we’d think that was wild.. and I did). I know she meant that if you handle money well it won’t be that different. I know many people say that it’s not how much you make it’s how you manage it. She said she has always saved 85%, but my thing is mmm it doesn’t sound realistic to live off of 15% of a $12,000 a year salary. Wouldn’t that mean she was saving $850 a month and living off of $150? Am I getting that right? Only way I see that working is when you still live at home with parents and just have a few personal bills, and lucky are those who have that opportunity. Is this how others understood it though?

[@LM33333]

She was not living on her own obviously. No one can survive on that in NY even ,with roommates. No one.

[@ccalogero6074]

I understand it this way. Culturally renting is bad, owning is good. Interest on depreciating assets bad, interest on appreciating assets, better. When I was 17, I found a 2/2.5 townhouse; I needed 6K give/take for fees. I was in school and making 12k G/T after taxes. I saved $500.00 each month by giving up practically everything. Didn't eat out, not even $1 menu or a .50 can of pop on base. In a year I had saved the 6K needed to buy my first place. No parents, no help. I saved the 6k by living with roommates (hated it), spent $1.70 daily on trans (loved it, time to study, read), I've always volunteered, ate my major meals there, etc. I'll be 43 this year, "retired" in 2016. Doing pro-bono ever since. No debts, pay all bills on first of the month, barter/trade for the big-ticket tech items I need (I love it). I tried cable TV in my 20's never had it after that. My one indulgence has always been "The Internet". I've always paid for as much speed as I could afford. As soon as Gig speed became available, fell more in love LOL. JMO I believe we can all get more out of whatever income we have if we stopped believing that "wants" are "needs".

[@kevinwang6119]

@@ccalogero6074 Wow that's an amazing story

[@ccalogero6074]

@@kevinwang6119 Thanks but not amazing. Can I assume from your last name that you are Asian? Do you have any financial management rules that are deeply culturally ingrained? I'm Biracial from a Caribbean, European and North African background and this way of living is how we were brought up. I'll be honest, most of my peers do not live like this anymore; I listened to my elders and lived in this way because I knew parental support would not be there for me like my siblings. I am illegitimate, I had to "do" for myself. We were taught that education is key BUT we also need a trade. Education " job" money is taxed by UncleS, Trade money (LOL tis MINE, and MINE alone, MINE!! LMAO). Volunteering to me is key; the Universe has a way of balancing the scales. I love Barter/Trade and living within my budget. Don't get me wrong. I deny myself nothing, love my toys with bells and whistles. I just figure out a different way to have it all. I'm one of those " a lil paranoid" about security folks. I have a mobile, it cost 100PlusDollarsIsh with a "Everything included" plan for about $50 a month. A young relative asked me to pay his mobile bill one month. It was damned near $300 (Every month) I told him I would if he agreed to change plans and behavior to bring his bill to under $100 per month. He b*tched, moaned and eventually refused. He also thought he was entitled as I, his aunt was living among clover. Since he refused, I refused. Him, his siblings and parents stopped speaking to me. So, life is definitely NOT AMAZING, it's just mine.

[@ccalogero6074]

@@kevinwang6119 Also this is not me judging, just me being curious. Yes, LA is expensive, not so expensive that with her income and good credit she cannot purchase a home. I have a play brother that lives out there. He is an MD and was paying off student loans until his 30s. We put our heads together. (Remember the bartering? Paid nothing for my daughter's preventative, even emergency healthcare while she was growing up. Even her glasses were made by another "hook up" for free. One year on vacation I swore my daughter had measles. With a quickly emailed photo, he was able to assure me that it was probably just sea lice or some other irritant from us spending hours daily in/on the sea). I rode roughshod over him when he would fall in love with a property and eventually convinced him to buy a duplex with two identical 3/3.5 units. Cheaper than rent plus the property steadily appreciated and no mortgage, RE taxes or upkeep ever came out of his pocket. The rent on the second unit paid for everything. I've rented, every month I paid rent; felt like I was insulting my ancestors LOL. The young lady may have her reasons for renting, maybe the rent is 100% tax deductible as she blogs etc. from home. Hopefully we get a follow up that answers that question.

[@stanleyjavin4911]

I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off

[@stanleyjavin4911]

@Stacy White I found her on a CNBC market interview, so I looked her up and we begun our awesome partnership

[@stanleyjavin4911]

@Stacy White You can connect with her on what'saap

[@stanleyjavin4911]

+150

[@stanleyjavin4911]

2273

[@stanleyjavin4911]

5657

[@ItsKells]

A run down of her streams of income as an entrepreneur would have grounded this

[@bb-ss2ip]

from one Black woman to another, thank you Lauren! you're a great inspiration and I know you will continue to soar.

[@candyjamaican]

Yasss gurl yasss keep doing your thing. We proud of you. The comments here killing me thou.

[@DeidreDevelops]

This one really inspired me!! Thanks for sharing.

[@elixorvideos]

This video straight up skipped over how she did most things. I'm not interested in what she spends, I'm interested in how she got where she got. If I wanted a random flex I would watch rapper music videos.

[@Ntsmith4]

She literally listed all the ways in which she is earning her income. Telling you how she specifically did it won’t help because no financial formula is the same for any two people. Her story is unique. You need to factor in her opportunities, her experience and education, her financial literacy, and drive and motivation to be able to replicate her same financial outcome. I think she gave just enough to motivate another to be willing enough to figure out what strengths they have so they can create wealth in their life too. Oh and the most important thing to take away is she doesn’t care about “clout” - no need for expensive + excessive dinners/vacations and unnecessary showing off which leads to unnecessary purchases. Either way best of luck on doing it your own UNIQUE way. Annnnd that’s my TedTalk.

[@scoobie8amg]

I dont get it. Normal entry level grads make $12k and she just "decided" she wanted $120k? Like how did she get a company to do that? And she didnt even major in Finance!

[@DaringDanielletravels]

These numbers seem inflated, the home looks like an Airbnb and saving $590k/year seems unrealistic. I’ve never seen any of her books or watched anything she’s produced. I’m not sure how much sitting on various finance boards pay or working as an influencer

[@various_artists]

Diversity and inclusion policies

[@princessadora]

things that don't make sense are usually a lie. there's your answer

[@mtngrl5859]

She had a trainee position at one of the investment firms. Once she connected w others at other firms, she realized once she got some experience she should be making that amount. Then with her next position, that was what she expected to be paid. Once you have your own portfolio of clients, salaries soar from there.

[@sophiec3592]

Get it queen! Yasss cheering for you! 😊 & journal and meditation 🧘‍♀️ I love and I’m a Single mom of two gf supporting them financially and physically we doing it out here

[@Babyluv_]

She literally crossed my mind a few weeks ago. Kudos to her!! Great video

[@jihanah7507]

Wow, so refreshing and inspiring. I could go on but this was a great profile with a lot of subtle gems.

[@callmevictoria9511]

*Great video. We all strive towards financial stability and a better life. It is easy to achieve this through the right investment, by living frugally and budgeting. I’m glad I learnt early in life to work hard for financial freedom*

[@callmevictoria9511]

In my opinion, venturing into a good investment, is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting. Nevertheless, investing can be difficult and risky doing it solely. For this reason , I advise on seeking help from professionals(financial advisor). It’s not just watching videos and reading investment book but the challenge is using it well.

[@cathenido1624]

This is just the right information towards financial freedom as well as wealth creation. For so many years I thought working for other people was the only way to live comfortably, but I came to think differently when I started working with *Donald Nathan Scott* (a registered financial adviser residing in United States). Now I gain a lot working with him.

[@cathenido1624]

To be financially free with a passive income source which exceeds your expenses, you need to invest. It’s not just watching videos and reading investment books anymore but for positive results, work with an expert. I used to think that I can make more money investing on my own without any loss, but I had better luck working with a *financial advisor* . I’m glad I chose to work with *Donald Nathan Scott* and I have no regrets with my decision.

[@MariaDeigo8]

@@cathenido1624 Please , how do I connect with your financial planner( Donald Nathan Scott) ?

[@cathenido1624]

@@MariaDeigo8 As to get more details about my coach; *(Donald Nathan Scott)* quickly do a web check where you can connect with him, do your research with his full names mentioned.

[@illuminate4969]

Really love how she thinks abt money and how she uses it wisely

[@Sarahtlopez]

So great to see Lauren’s progression through the industry AND seeing her finally get paid her worth 🙌🏿🙏🏿

[@jamalaw]

Truly an inspiration to all .... this young lady is going places!

[@greggeorge6711]

Most people venture into crypto to be millionaires, meanwhile i just want to be debt free

[@lukeben1596]

That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to getting rich

[@patienceoluchi5134]

Just do the right thing, by trading with an expert, I trust me you will be a millionaire and debt free

[@thomasdooley3702]

When you invest in crypto you are buying days you don't need to work

[@chrispaul3778]

Your businesses will make you rich but your investments will make you wealthy

[@dannysamuel4056]

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

[@kenyastewart22]

Amazing. This is great motivation to keep going and knowing your value.

[@esohe81]

The budget does not add up. No way a Tesla is $200 for charging and insurance in a big city. Where is her car payment? She spends way more than she is advertising or earns less or both. Either way, I like her. But, I think this video is misleading.

[@BoredRandomCraptv]

The fact that Kasper stayed staring at the screen at 3:29 was so cute and hilarious to me hahaha.

[@nobuhlekhumalo6106]

BOSS lady...drop dead gorgeous and seemingly humble... Love it!

[@adjoaaa8431]

But why are people questioning how much she made? She said she made $650k. Period. No analysis needed. Just enjoy the video and move on.

[@alp.9672]

People do that on like all the videos with high income, you’re new here?

[@Kevinschart]

what's to enjoy? this just seems like a vanity piece. there's nothing to learn here. we all spent 5 minutes watching a cute girl brag about being frugal and making a lot of money...congrats to her, i guess...

[@hha8171]

Periodt

[@adjoaaa8431]

@@Kevinschart I agree, this doesn’t go as in-depth as some other videos on this channel but I think the main appeal here is allow those who are interested to catch up on what’s been going on with Lauren and how she has developed professionally and personally since the earlier feature. With that being said, I still found this enjoyable.

[@Kevinschart]

@@adjoaaa8431 fair enough...i'm not familiar with her, so i didn't realize she was a person that people follow.

[@nehemie1255]

I remember hearing about her when she started! So inspirational!

[@lukasgberemaa9305]

I love the way you start it, and you're going somewhere, remain bless

[@user-hr2ij6sl2r]

Woman to woman, I give you all the kudos I can give

[@skywalker6648]

You mean woman to rich woman, lol.

[@msunje9862]

@@skywalker6648rich women are still women

[@KRodCollective]

Get it girl! This is what we love to see!

[@veramonique1724]

Investing in the stock market is the best option to make a passive income. Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio.

[@danieljamal3709]

To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.

[@veramonique1724]

Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.

[@paulharold6721]

who would you endorse ? I've been in the shadows for too long

[@veramonique1724]

Christine Lynn Saitta, she is an expert who does the heavy lifting for me, she makes research on stocks, and adds my portfolio with stocks for monthly and yearly earnings. a friend i referred to her made $26k weekly with her signal

[@paulharold6721]

How do I reach her ,you got any possible means of getting more info on her services?

[@robertflores8789]

Absolutely awesome video. God Bless!

[@sammyp9514]

27 years old?! we will definitely hear about this young lady again in the future

[@ginamallano7608]

Woooo! Impressive young lady👏🏼👏🏼👏🏼 Congratulations on paving such a great life!

[@jeffreycooley3467]

This was a good episode, but that monthly budget was simply fake….. $160 on food and $40 on utilities in LA. 🤔

[@blkOnyx287]

She may be getting free food at work for breakfast or lunch

[@jtt1928]

Yup I agree her rent was realistic but not good and utilities!

[@katelynbendinsky5080]

She may not be single and splitting food and utilities with someone

[@landdcollection]

Yeah totally not realistic budget.

[@trueno1337]

@@blkOnyx287 at work as her own boss? Lol

[@KouzyFox]

It's nice to see someone make money like a human being that works and uses their brains vs ppl who get rich off others hard work

[@ematique4392]

Or just getting naked on only fans looool