Millionaire Reacts: Living On $100k A Year In Atlanta | Millennial Money

We are reacting to a new episode of Millennial Money from CNBC Make It today! - Enjoy! Add me on Instagram: Gpstephan
LIMITED TIME: Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): act.webull.com...
Podcast: / @theicedcoffeehour
Graham Stephan Discord: / discord
NEW: JOIN THE WEEKLY MENTORSHIP - the-real-estat...
The KZbin Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on KZbin, rank videos on the front page of searches, grow your following, and turn that into another income source: bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
www.amazon.com...
Want to be on The Graham Stephan Show?
Here are the details:
1. Must be based in the USA or Canada
2. Must give a detailed email on your specific questions, your background, and your current financial situation.
3. The more info the better
4. Your questions must be specific!
5. Please include any applicable social media (Instagram, Linkedin, etc) in the email
6. Must be ok being featured on KZbin (obviously)
7. Be willing to provide proof or verification of any claims, if needed - any fake situations or questions will not be allowed.
If you have emailed previously, please do not email again - every single email is carefully reviewed and only a few people can be picked at a time. All emails are on file that can be chosen from in the future, so once you email - you’re in the database.
Email [e-mail]

[@itsAsian513]

Lol her bf provides her food, clothes, and transportation... and her message is to not let $230k debt be more of a priority. What a message

[@bethanywashington1243]

The crazy part is that he is driving her everywhere for the most part, yet she still has an expensive car with high payments.

[@ReadThisOnly]

lmao it's her sugar daddy

[@TheNspresentsfame]

@@ReadThisOnly I said this on their original video, and I "friend" of the woman came at me. It's not just me, something is fishy about that situation.

[@SeanK1684]

My same sentiment 🤦🏾‍♂️🤦🏾‍♂️🤦🏾‍♂️

[@evangeliamintzai6302]

Her message should be, get a sugar daddy! Which is sad because she is a successful doctor. Oh well.

[@asiamay4087]

Could you imagine Little Grahams running around doing chores and then crying when Big Graham takes out taxes from their Little Graham allowances

[@99niaalice]

Asia May AHAHAHAHAHAHA THIS

[@AllAboutPurple]

Lmao 😂😂💀💀

[@umairahmad4711]

💀💰💰

[@benmartinez2226]

Can’t wait to see it all on KZbin lol

[@MarvelousProductions]

😂😂😂

[@CD-vu8hh]

Crazy how clinical doctorate degrees are becoming the entry requirement into therapy fields. Physical therapy was the first, then occupational therapy, and now some are pushing for speech therapy to require a doctoral degree. As an therapist myself, I can confirm that therapists DO NOT get paid enough to warrant a lengthy and expensive clinical doctorate.

[@DobberOT]

They barely justify a master's LOL. Thank God OT put that on freeze for now

[@yeaana]

Agreed!!! It makes me sick. I work with a lot of PT, OT and speech therapists and they all have a ton of debt from grad school. I only have my ADN and I make more than them.

[@Aevykin]

@@yeaana You have to consider that most prospective nurses are not getting an ADN anymore as job requirements have largely shifted to BSN. In the current year, BSN students are also coming out with debt, obviously likely not as high as DPT/OTD/MOT, but nevertheless, you can't pick up an ADN now for 10 grand and expect a six figure salary. This could have happened 20 years ago, but not anymore. Furthermore, looking at BLS statistics nationwide, PT's make on average 13k higher than RNs. I would venture to guess that you've been in the field for a while and earned your RN back when a BSN wasn't as mainstream as it is now.

[@TheMichelex20]

I work with PTs in the hospital. Only the young ones have doctorates. The older ones tell me it’s completely unnecessary and “experience counts for everything”. That’s a direct quote from a hiring therapy manager.

[@Aevykin]

@@TheMichelex20 Well, what can new therapists do? They don't have a choice but to get a DPT now.

[@555noelle1]

Investing in her friends art, clothes etc is crazy when she’s so in debt.

[@DewTime]

“Investing” is the funny part

[@dernman523]

Agreed. Art and designer clothes are for people who aren't 230k in debt

[@DG-mk7kd]

Physical therapists max out at like 120k, unless she gets a couple more guys to cover her spending she will never pay off that loan.

[@Ravie1]

If she actually hunkered down and put a bit over half of her post tax income towards debt she could free herself by the end of the decade.

[@MissMBA]

A couple more guys. Damn! 🤣🤣🤣

[@cindylong624]

Buy a cheaper car, cheaper apartment, learn to cook, hit the thrift stores/ebay for clothes, household items. Go ahead a create several sources of passive income,YT channel ,etc and get that debt paid off!

[@jonharlowfan]

You made my day

[@zylo999]

@@cindylong624 You don't need several sources of income, you don't need to work work stuggle stuggle. Just be smart. One or two side hustles are fine but she can also just live off half her income and use the rest to pay off the debt within 5-6 years. She can be debt free by 40 just like that.

[@victor-vw8oz]

😂 how he just contradicts her is so funny “Nooo let it consume you”

[@MaryRalladi]

lol i died at that part too!

[@chocolatelover9109]

I live in Atlanta with a six figure household income. I’m curious to see how she lives because the cost of living is low depending on the area (low overall compared to LA). Edit: With that amount of debt, she needs to be throwing all her extra income towards it. Instead of vacationing every month, how about every other month or once every quarter. I don’t see how she’s so carefree about it. I wouldn’t go Dave Ramsey extreme because life is short and you should enjoy life but you should also be financially responsible.

[@ajh.4131]

Agreed. The low cost of living and the fact that her bf is covering a good chunk of her expenses, I'd be putting a lot of it towards debt. And here I am, thinking my 10K student debt is a lot HAHAHA

[@ItsVincentAgain]

Given her overall attitude about her finances... I'd assume her ability to FLEX (within every aspect of her life) is more important than living in a more affordable matter. 🤷‍♂️

[@blackestknight1.0]

She needs to be throwing the bulk of that disposable income towards her debt given that she's fortunate to have an SRP (SIMP Relief Package).

[@happyyourehere]

@@ajh.4131 Girl! Good for you! 10k is like the cost of a used car. Nice

[@josh-cb4ng]

She gonna be 65 working full time but each to their own

[@davidsdinero]

I saw millenial money posted this a few days ago and I just knew Graham would make a video on it so I waited on purpose to watch it because Graham's reactions are always priceless😂

[@TheGrahamStephanShow]

Enjoy!! :)

[@xaviersfinance2664]

I also made a reaction video

[@xaviersfinance2664]

The day before

[@davidsdinero]

@@xaviersfinance2664 Just checked out your video it was cool bro. Just can improve on the audio but definitely keep grinding (:

[@davidsdinero]

@@xaviersfinance2664 I subbed by the way!

[@ray199510]

Food: $50. That sounds like me when Im budgeting and don't want to acknowledge the hundreds I actually spend on food a month😂

[@jillleturgey1001]

This woman reminds me of my roommate who ignored her student loans like she does all her debts and it went from $18,000 to over $100,000 in the last 10 years. Good luck lady

[@Rillien]

Dave Ramsey would go nuts hearing her and seeing what car she got😛

[@TartarianTopG]

Yep

[@foreverbrit97]

its not like its a luxury vehicle. her car payments are high because she probably has terrible credit

[@autisticchoppa3589]

foreverbrit97 Should have just bought the car in full. Should have gotten a reliable $5k-$10k car used in full.

[@foreverbrit97]

Grahm Stephans Step Son I agree. But the OP said "seeing what car she got" and all im saying is the car isnt all that to begin with. Its clear she put down a low (or no) down payment on the car and/or have high interest due to her credit score. There is no good reason why she is paying almost $500 dollars for a 20K car. Her car note should have been less than $200. There was another millenial money video where the girl was debt free from college but was paying like, $600+ a month for her BMW. Now THAT i can see being an issue...but Mazdas arent expensive at all. She could have bought a pre-owned Mazda instead for wayyy cheaper. But i understand that she should have just bought a used car outright so she doesnt have to worry about the monthly payments. All in all, she's terrible with her money.

[@MusicBoxAlsoWater]

SELL IT AND BUY A BEATER! BEANS AND RICE, RICE AND BEANS!

[@orangeboy97]

I don't think she knows what "paying yourself first" means

[@chrishewittpiano]

"Buying their [my friends'] body products"... I LEGIT thought she said "Buying their body parts" and I was thinking "Whoa... crazy, but everyone's got their kinks!"

[@Firewalker9090]

Anyone: Mentions back pain. Everyone: Fixes their posture.

[@MsSuiite]

Honestly!! So exited that you have a real budget to critic, I saw the original video and thought she’s crazy!

[@MsSuiite]

Excited*

[@lilmisshell7]

You should react to Ashton Kutcher's Going from broke. Its similar to millennial money!

[@properconciete14]

The car paymt omg I died. When I bought my 2016 Honda Civic, I owed $13k on that loan but my payments were as low as $214/month on a 6.5year plan. I was determined to pay that off asap and I did so in 3 years. It was the most important to pay off because that was one less payment to anything that I had to make and $200 I can put away faster

[@rachelfrombefore]

Her car payment is what I spend on my half of rent. You already know she’s got a BMW, Audi, or Mercedes 🥴

[@rachelfrombefore]

ILubBL yep I saw it right after I posted my comment😫 I have a coworker who was spending $800 a month on an Infiniti his insurance is $300. Toyota me allll day lol!

[@vespervictrola]

@@ILubBLOfficial It's actually a Mazda CX-5, but it just goes to show how much money you can waste buying brand new cars, even non-luxury ones. Totally unnecessary when you can get one that's 3 to 4 years old for half price that's just as reliable 🙄

[@wadesloan]

$800 a month on an Infiniti?!!!! Wow@@rachelfrombefore

[@Ravie1]

@@rachelfrombefore I have roomates and got a good deal on an apt, her car payment is *smaller* than my rent. I don't live in Arkansas or something, I live in a pretty average cost city (not in Cali or somewhere with crazy rent).

[@xaviersfinance2664]

Yeah that was my reaction when I heard the $230,000

[@TheGrahamStephanShow]

Yikes

[@IreneZGoodman]

She's a doctor. It's VERY difficult to come out with a low loan. My cousin was lucky enough to get an MD for free because her parents paid for it

[@VeggieBob7]

Irene Z Goodman she’s not an MD. I’m pretty sure she has a PhD, so she won’t make as much as and MD would

[@DOUBLETAPM4A1]

love your videos graham! just moved out from my parent's place and have been putting so many of your videos to use since and they really help me manage my money in a smarter way. I know you seem to not like them very much, but im an options trader myself and have been doing well. Love the vids keep it up!

[@TheGrahamStephanShow]

Well done!! 🙌🏼

[@chrissyu6528]

Getting your hair braided or kept up is super expensive for black women. I can understand why she’s paying around $210 for hair, getting it braided can cost $170 if you’re lucky, not including the packs of hair itself. That’s why during covid I’ve been learning how to do it myself 👍🏾👍🏾. Good video review Graham!

[@savagemedic30]

Our hair is not as expensive as yours, but when I worked in Cali earlier, my hair cuts was $45...that prompted me to learn how to cut my own hair, which I do now...saves so much by doing your own hair and you can stay looking good when you want and it be convenient and not on someone else’s time lol

[@ADR99971]

She can pay for them student loans a lot faster, it’s not like she’s paying for everything 🙄

[@ItsVincentAgain]

Being enabled by the BF only allows her to spend even more. Good Luck if/when the breakup comes along. 🙄

[@ADR99971]

Vincent she seems to be pretty level headed outside of the 230k student loan. If they breakup I’m sure and I hope she can handle it.

[@ItsVincentAgain]

@@ADR99971 Let's hope so.

[@ADR99971]

Antoine Carey I wouldn’t say that but there is a fine line with responsibly helping your significant other and paying for everything just for the hell of it while enabling their bad financial habits.

[@ADR99971]

Antoine Carey lol no. I am a whole Str8 male. Like I said if it’s done responsibly I don’t see nothing wrong with paying for his girl/wife/finance things, sex has nothing to do with making sure your significant is secure in their relationship. But too assume I was a woman thinking like that is ignorant.

[@Mrcool179]

"you can live the life that you want even if you have a large amount of student loan debt" *is literally only living comfortably because her man pays for everything that makes her life comfortable*

[@bernardofrancisco4997]

“ He buys all my groceries, drinks and clothes etc” how can she say that like it’s a normal thing? 🤔 and graham acted like that is normal aswell.. weird

[@wyattpotter2103]

Hey Graham I used to work at a SKLD nursing home myself. It's horrible I worked in there in the kitchen. SKLD is so crupt. I would never recmond letting anyone you know ever work there or even stay there. I would't want anyone I know to go stay in a place like that. SKLD is a horrable experince.

[@dustinclark6078]

So she's going to pay a minimum payment of maybe $1000 for 25 years. Then PAY TAXES on the 370k that it grows into (180k 3% interest estimated)?!? So the taxes are between 10 and 37%... meaning she'll pay 37-100k-ish in taxes to avoid paying 180????

[@andyw6288]

New grad PT here... This is fairly common. Went to a state school and then a private school for my DPT for a total of 190K... Average interest rate is close to 7%. However, when I looked at my finances, doing income based repayment is cheaper than paying the standard 10 year repayment plan.

[@CPTZK11]

Love how Graham stopped himself from calling him a simp into "she got a really good deal". I heard that in a good deal one is a fool and other is lucky

[@jordanfahey8527]

Graham! Not sure if you’ve seen those laptop risers that go on top of your desk. They will raise to laptop so your view is straight on the screen. No more looking down at your screen-will help back pain/improve your posture!

[@tavaresfurtado6610]

" She got a good bargain on that one" lol

[@SoFLaZ06]

The problem is she's black, lives in Atlanta, and has "Dr" in her title. There's a competitive flex being forced to live up to, being in that circle.

[@TrevForPresident]

Lenders love people who don’t take debt seriously.

[@TooOverrated]

I yelled YES so loud seeing this on my recommended. Def wanted to see this one

[@stepheniegonzalez4507]

I paid off 20k in 3 years. I worked two jobs and literally just paid my bills and rest went to my student loans. I left school dec 2016 made my last payment feb 2020.

[@jin394]

Another piece of advice, see if your Highschool has a program where you can take College Classes (APs, but also if there’s a nearby community college you may be able to take actual college classes. I know a few ppl who graduated with their associates in high school)

[@19erickpana]

Subscribed bro! When you said "oh man, I would let that consume my life" 🤣🤣

[@supermariodrums]

Went to school to be a physical therapist. Decided to get the degree to be a PT assistant. Went to continue my education and crunched the numbers. It was going to take me close to 30 years to break even over degrees. Glad I chose to be a PTA over PT. I get more direct patient care which I wanted to do and the PTs are nothing but the paper pushers. 10 years into my career I have no regrets over my decisions.

[@AnanyaAtri]

Great video graham!

[@gabrielaaaaa76]

I’m a community college advocate/graduate. I’m currently completing my RN nursing school through a state community college program as well. Trying to have $0 debt by the time I graduate.

[@daysy409]

Omg the way I was waiting for your reaction ever since I saw the CNBC video. What a doozy!

[@xMontorix]

I live on 100K in Atlanta but I decided to live out of my work truck. People love being in debt in that city for some reason 😅. All trying to compete with the image of the Atlanta luxury life I suppose.

[@RisingPhoenixAKH]

Bruh who’s getting allowances for doing chores? I was allowed to live in the house for doing chores 😭

[@kelseypoland7037]

State school isn’t always the best option! I’m a student physical therapist and a private university. It’s cheaper than the state school program, and it’s a year shorter!

[@chelseybazzle8668]

Graham's kids are going to be those kids you see on the news launch their own businesses in elementary school and their set for life! When the news anchor asks what they're going to do with their money he's going to expect like candy or something but no..... they're going to give them a rundown on how to properly invest and just shock everyone.

[@myaparker]

lol iced coffee where's the bagel??!!

[@sistermadrigalmorning233]

The Kenzo's bag may have been a gift

[@issecret1]

Ugh, that "investing" in friends thing is a terrible idea

[@AnnaGraceplansandbudgets]

I was waiting for this reaction!!!! So excited to hear Graham’s roast 🤣

[@Gamertivity]

Why are phone bills so expensive in the US? I pay around $25 here in Denmark. And that’s for 15 gb data and unlimited calls and texts

[@theodoreklein2748]

Here for Dr.Grahams video😉

[@jorgecrespo9004]

He is sooo sneaky with the webull ad

[@nicdes5540]

Saw the title and had to click to see Graham malding over some crazy amount of debt !

[@christopherscott1342]

Many of the top need-blind colleges/universities also "meet full demonstrated need" - so that, if you and your parents fall within their prescribed limits of income, you pay much less than a full-pay student. For many of these universities, such as Princeton, Duke, Brown, and Columbia, the price is reduced so that graduates leave with no actual loans. Many in the next tier also meet mere "demonstrated need" - so the graduates leave with perhaps $10,000 per year total cost. How can going to Brown for four years - being surrounded by the best and the brightest - compare to going to an amorphous 'state school' with none of the same intangibles? Being able to guarantee X or Y income after graduation shouldn't be, and truly isn't, the goal of all those seeking more than simply pedestrian education. Having an education can be an end, in and of itself.

[@financejay8461]

This man said a Trader Joe’s bag 😂 This is why I got his notifications on.

[@yeaana]

Community college! Especially if you’re thinking about nursing. Got my ADN graduated with no debt. Making the same as nurses with BSN. Makes me not want to go back to school. lol

[@flawaii-pines6858]

Yes!!! Cant wait for the alter ego Graham... What?? None?? Graham?? Im unsmashing and repairing the like button.

[@joshuaviola6865]

Need to watch movie hook line and sinkers with jerry Lewis 🤣

[@amandamoffitt4272]

This is one of my favorite videos from Graham lol idky. I just like this one.

[@20somethinglawyer]

When the guy leaves, she's going to be living on a perpetual deficit. He's a crutch that's preventing her from managing her money in a rational way.

[@allyk5990]

Lmaooo at the TJs bag for 10 cents 😂

[@TheChrissieTee]

I laughed when Graham compared the Kenzo bag to a 10 cent Trader Joe's paper bag - I thought that he would at least mention the cotton reusable ones, but nope!

[@akin242002]

I know some women, especially in Atlanta, want to show off to other women in fashion. Thus you see them buying cloths and shoes they don't need, especially when deep in debt. However if she went frugal for 2 years, all that debt could be wiped out. There is also ways for her to travel with credit card spending on needs. With her salary and connections this could easily get turned around.

[@creativeconsultant.artist]

Thank you for your guidance and knowledge. Appreciate what you do! I agree with you about paying your student loan debt first it teaches you responsibly about money, interest, and responsibility. I paid mine off at 25. It's do-able if you make it a priority!

[@maheshnaik5137]

Graham u look like a kid going to Kindergarten cutiee in the intro part of the vedio 😂😂😂😂😘

[@TylerTolaLao]

I smashed that Like button even during the ads before the actual video.

[@ATasteOfBeauty]

Graham, Poshmark! We sell stuff for 90% off plus here.

[@dominick6131]

She's gonna be 50 years old with a net worth of $5

[@Javeec]

I think it will be negative to be honest.

[@nathanielhabtegergesa6310]

I was waiting for this one!!

[@EmilianoGonzalez11n6]

Kid: I got $1 Graham: Our money

[@dylanharrison5711]

alright thats gonna be 70c after tax and then a further 7c cut for graham

[@Ross-bc2iz]

he will be a terrible dad

[@kevins8672]

Don't let student loan debt consume your life, just your finances. She said she finished school with $140k is student loan debt and it's now $240k because of interest?! Yeah, that's a problem. She needs to pay that off!

[@eclowe6594]

Ok Graham... I'm a mental health therapist. I went to a state school. I have about 100k in debt but therapists don't get paid much (where I live less than 50k a year starting)... We have to have a masters I didn't have a choice to do what I feel called to do... Should I try to pay down my student loan debt or should I just get to the 20 years doing the minimum payment and let it get forgiven at that time?... It didn't count against my house or my car. I have both and was approved for phenomenal interest rates on my house and car... I still have a great credit score.

[@calvinmiller3044]

Hearing about how her BF takes care of her was pretty depressing. Sis, you have a doctorate and make 100K and your budget is subsidized by a man...WTF!!

[@totallypiggy7434]

Graham will one day run a day care of toddler financial advisors

[@HomebaseLHR]

Pro tip: get a rental car and let the company pay for it. Only works when you’re travelling for work though...

[@DavidGarcia-lu7jj]

I feel bad for Graham’s future kid

[@alohaazzie8462]

You’re assuming he’d waste money on kids lol “This hospital bill is soo expensive!! I could have set up my garage as a delivery room for a fraction of the cost!!”

[@stevenspencer306]

I'm confused by her budget. If she's making $100k, shouldn't her monthly total be higher? At only $100k, her taxes shouldn't be 47% unless Georgia state tax is insane. The listed budget includes saving, investing, and health insurance which are the things I'd most expect to be left out. What am I missing?

[@xray450technologies]

Graham, don't take this the wrong way pls, but you are going SOFT :D keep up with the great content

[@fineway7053]

So wait. She's a doctor who works as a physical therapist? What is going on here?

[@hojaeyun6747]

She just giving her own entitled name. She's just a immature kid who thinks living her life is a priority over her financial stability.

[@hollyrogers8793]

Hi I am a physical therapist too. About 10ish years ago PT transitioned from a masters to a doctorate.

[@cynthiar3013]

The title is misleading. She should refer herself as DPT

[@user-qe8fl7vd6v]

I expected graham to be more pissed off

[@BeingBillyJo]

When you watch the videos you don’t ever blink Graham lol

[@TheGrahamStephanShow]

:P

[@jaqueitch]

Pre-pay that student loan while in school. Geezus. I have a Chemical Engineering degree and worked full time. It's doable

[@esonon5210]

She should have listened to her mom a little more often

[@Zzyyxx22]

“Live comfortably” when someone else is feeding and clothing you.

[@javajav3004]

She saw the interest take her debt of 180k to 230k, and she says 13:45

[@koltinadkins494]

Graham I have $5,000 saved up what is the best thing I can do with it I’m also 15

[@boribori2171]

Talk to your parents and open a Roth IRA and invest those 5k in Total market index funds 👍

[@imdanielrobles]

Bori05 PR keeping some in a high yields savings account would be good too in case he’s working on saving up for a car when he starts working.

[@boribori2171]

@@imdanielrobles true

[@tahalababidi5627]

Gram is hilarious when he stops the video because he's so confused of what she just said 😂😂😂

[@princesslamour1985]

I saw ur name in the comments on original video

[@rebeccaelaine6683]

I was waiting for this one. 😂

[@samXDpm]

Graham "kids should get paid to do chores" Me "others got paid?"

[@wadebarnett2542]

"You'll do the chores if you want to eat and live in the house!"

[@i6or634]

@wadebarnett bruh its like i wasn't asked to be born

[@gamingwithblaise3822]

@@wadebarnett2542 That doesn't teach responsibility. It teaches you to do something for food and shelter. Similar to slavery. I do wonder if the OP had to do farm work without being paid though.

[@Cvshmere]

My dad used to call me a slave. Ya’ll called it chores?

[@gamingwithblaise3822]

@@Cvshmere Nope :D

[@thatssjess9533]

She needs to stop investing and "enjoying life" and attack those loans. They grew by 50k in 2 yrs

[@Nwakaego_]

You’re so right. She needs to live like she makes $40K and get rid of those loans ASAP. Those student loans will be at 600K in less than 10 years if she doesn’t get serious about eliminating them. No thanks.

[@TartarianTopG]

Yes this makes me sick

[@suttsd]

@Lovely_Day I thought she comtributes 400+ and then they employer matches that amount

[@suttsd]

@Lovely_Day actually i just watched it and I was correct. She puts 221 in a 401k and 221 in a Roth 401k. Take a look at 8:57

[@suttsd]

@Lovely_Day yup :)

[@AllegedlyStephanie]

The first step of student loan repayment is getting out of denial 😅

[@ayomide7931]

Damn

[@aja23136]

She uses the term "invest in yourself" to justify buying expensive things.

[@hojaeyun6747]

Yeah still a 10 year old in a 30 year old body. What can we say. Millenials :/

[@crisbrazil]

I will never understand how buying expensive clothes can be considered "investing in yourself"

[@equivalentexchangeisalie5726]

hojae yun Hey 😓

[@brendanpospischil3871]

@@crisbrazil Unless your jobs requires (a very rare case), but in this case, it doesn't.

[@bemymoonlight5484]

there is nothing wrong with buying expensive things, u just have to be smart with it

[@rachelfrombefore]

She has got to get this mess under control ASAP. She’s not going to be able to accrue wealth with this behavior.

[@carolyna.869]

Exactly!! She needs to call into Dave Ramsey! He would have her cleared in 4 years or less.

[@stringzar]

@@carolyna.869 Doubtful. A 100k/year salary means you take home $5k/month after taxes/medical/benefits/etc....then subtract necessary expenses like food, insurance, cell phone, internet, at best she can probably throw $4k/month at her debt. That debt is growing by $1k/month assuming 5.7% interest, so she can reduce debt by about $36k/year....best case scenario she can be debt free in 6years. At that point she'll have $0 net worth, or be about as rich as a homeless person....she'll be in her late 30's by then, in the early stages of menopause, she'll be lucky to ever have kids or if she's lucky she can go into another $100k in debt for fertility treatment and end up with an autistic child. You rarely seem STEM majors with $200k in student debt, because they are good enough at math to realize they are better off committing suicide.

[@birdzonpatrol]

stringzar I enjoyed this comment

[@linusmlgtips2123]

@@stringzar Such bullshit you cant discharge student loan debt in bankruptcy in almost no circumstances. Rigged system.

[@Vasil-of2ki]

@@linusmlgtips2123 well the reason you can't declare bankruptcy on student is because the government can't take away your education the same way a bank can take away your home if you default on a home mortgage. It's not a rigged system if you are smart about it since in the beginning and you are not required to take student loans to have a happy life

[@Dani-mw5gk]

Omg lol 😂 substituting a Kenzie’s for a Trader Joe’s bag

[@rachelfrombefore]

I chuckled so hard!! My $50 fossil tote has taken me so far 😂

[@carolinaviramontes2850]

I have a TJ tote😏😏😏 works fineeeeeeee

[@NHCS24]

Stupid an i bet she owns no stock.

[@zainabomer7511]

🤣🤣🤣

[@prestonlaw]

This lady seems perfectly content being broke. She should live on 50k and put 50k annually towards the debt. 5 years debt free boom

[@callmeosho7792]

30k of that goes to taxes though

[@nicolefashton]

Her advise is to get a boyfriend to pay for all your expensive stuff so you can live your best life.

[@elkaparedes5469]

🤣🤣🤣🤣🤣 basically get a sugar daddy or momma

[@NoorAnomaly]

Yeah no. I refuse. No more of that BS in my life. I'll pay for it myself, thank you very much! :D

[@nicolegrande6151]

Maybe get two boyfriends and live double your best life 😜

[@nicolefashton]

Nicole Grande I like how you think 🤣🤣

[@jrt2792]

How pathetic.

[@NoorAnomaly]

Community College FTW! I'm a single mom of two and I'm due to graduate in December, with $0 in student debt. Heck, I've even received refund checks from my College for unused Pell Grants. I shop around for the books required, and don't pay the College bookstore price unless they're equal to the lowest price I can find. The refunds have helped me finance certifications that are important to IT professionals, such as my CCNA certification. ($360 to sit for it) I have a job interview next week! :D

[@c-u-next-tuesday]

Congrats! Hope they hire you

[@carolyna.869]

Good luck!!

[@twinsere3226]

My Brother is going to take the CCNA as well in a week. Good luck 👍

[@cinthyasolorio8839]

Nice job. Mama your little ones will be proud of you!

[@russelljconquerslifehawkey]

Dave Ramsey smiles at you

[@kdelete4949]

Annoying that someone is supporting her financial and she isn't even trying to pay down her student loans. Hunker down for 3 years and get the loan under $100k.

[@360.Tapestry]

sadly, having a degree doesn't automatically give people financial savvy... at least, she's "saving." but with 2020, those "high-yield" saving accounts probably aren't keeping up

[@Guy_LastName]

"i wanted to let people know that you can live your life comfortably even though you have a large amount of student loan debt" this is why people stay broke.

[@ajh.4131]

I know lol What exactly is comfortable about living with that much debt? I think people assume since they'll be making way more over the years in that profession, they can take their time to pay it off or something. But at the end of the day, it's money still owed. The interest alone is a nightmare!

[@amde8554]

AJ H. It’s also an opportunity cost - all that money she’s paying into debt could have been invested

[@mariaotto6732]

This is why ppl stay broke but appear to “live a nice life” for fb and IG.... like just stop proving yourself to others already, log off social media and work aggressively on that debt! I would not be near as chilled about it as she is...

[@brimed9594]

She has a great job but she still has a considerable amount of debt. If her boyfriend wasn't spending so much money on her would her life still be comfortable for her?

[@olawunmivera-cruz4879]

AJ H. Eve if she’s not worried right now, what about when she wants to buy property? The bank is gonna look at that debt and be like nope. Unless she plans to live in apartments forever. Maybe her bf will pay the mortgage.

[@Jerrydiehard]

REFINANCE THE LOANS! Interest rates are so low rn. There is no reason she should be getting 50k in interest over 2 years. We need to get her on the show.

[@loganc2380]

Yeah that loan is easily upwards of an 8% interest rate

[@darraghcollins4961]

Assuming it was 189999 3 years ago her interest rate is roughly 5.7% which means she needs to pay around 13k a year to simply stop the debt from growing. Unless she fixes that she is never going to retire.

[@jennylin6806]

refinance can cost a lot too

[@samuelli2002]

Darragh Collins wait, that is calculated quarterly, right?

[@loganc2380]

@@samuelli2002 typically loans are calculated monthly (so annual interest rate/12 is multipled to the total amount)

[@TheNotShot]

I find it very weird she tries to use the "Pay yourself first" philosophy to indulge in self serving purchases cloths travel etc. When the whole idea behind that is to pay yourself first to put it into investments that will make you more money.

[@MissMBA]

I wouldn't be traveling every month with a 230k+ student loan, 2k credit card debt and car note. Treat yourself but not that much with all that debt. GTFOH!

[@evangeliamintzai6302]

I also thought that pay yourself first means enjoy the money first and pay your debt layer. The philosophy doesn't specify how to pay yourself.