Millionaire Reacts: Living On $157K A Year In San Diego | Millennial Money

Today we're reacting to: Living On $157K A Year In San Diego | Millennial Money - CNBC - Enjoy! Add me on Instagram: GPStephan
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[@kietoerapendisa]

Her: I want to be in the car *getting emotional* Graham: At least she's got a good exercise

[@mychaelawilliams]

Lol exactly! Come on Graham! 😂🤣😂

[@wintersonnet]

I mean he's right. I walked 2.5 miles to/from school until I graduated highschool, winters included. It was my time with my thoughts and I loved it, even when it was freezing cold. And I was super fit because of it. Growing up in the US makes you super soft it seems.

[@reganwolf4405]

😅🤣👌🏻

[@beernbooks]

LU!!!! She's fantastic! We served on the same ship together and she truly is a badass. An absolute gem to work with! Super stoked to see the Navy ladies just crushing it!

[@notpopeye]

Amen!

[@a55tech]

do a vid for ur finances too Brittany!

[@jeffie7648]

@@a55tech you are mean

[@edenmolla7177]

@@a55tech

[@privateequityguy]

Confidence is not walking into a room thinking you’re better than everyone, its walking into a room not comparing yourself to anyone at all.

[@geoffreyporter530]

Not comparing yourself because you know there's no comparison when you are better than everyone else. At least that's how I feel when I walk into the room......

[@flawaii-pines6858]

Yea... But we all do it...

[@privateequityguy]

@@geoffreyporter530 Well thanks for bringing it out (Y)

[@mathiaskanuck6759]

I like it!

[@carpelunam]

this is stupid advice because comparisons and perspectives is human behavior if you really think you dont step into a room with people much more successful/smarter than you

[@newbiedebater]

This has to be one of the best paths to wealth I've ever heard of.

[@TheGrahamStephanShow]

TOTALLY!

[@angiem7725]

@@TheGrahamStephanShow I thought about doing this, Im a Navy veteran and got out in 2016, went back to school on the GI bill and Im now in gradschool, p.s the GI bill is paying for it. I just couldn't bare the thought of going through officer candidate school (it sounds hard) and getting stationed in different places all the time. But who knows I still kinda think about it...

[@TheFiveRiver]

The military does have its perks, especially on the commissioned officer side. I'd love to see an episode where they show someone from the enlisted side (like myself), like a young staff sergeant or something. Overall, great video Graham! Keep up the great work

[@TheFiveRiver]

@Brandon Bucher thanks for your support!

[@turbomach1]

We are grossly unprepared when arriving at that first duty station, I bought a brand new truck as an E1 🤦‍♂️. Live and learn.

[@TheFiveRiver]

@@turbomach1 was it 26% APR too?

[@AP-uk4di]

@@turbomach1 thats just stupidity, brah

[@turbomach1]

@@TheFiveRiver probably! Luckily I found USAA and refinanced quickly after purchase.

[@Commentor3000MarkV2]

Her story is really great! She knows how to remain humble despite getting lots of money💰

[@seabasssa1697]

If/when she retires, she can open her own practice. Many officers in the medical field work past their 20 years because they continue to get paid really well when benefits and allowances are factored in plus they don't have to deal with the business aspects of opening up their own practice.

[@jo69817]

She doesn't need to wait 20 years to start or buy a pre existing practice

[@Mr.DISRESPECT]

@@jo69817 Some people don't like to start a business. They just like to work. Totally personal opinion

[@celine_isa_penguin965]

@@jo69817 I think they mean the retirement and health care for life at the 20 year mark.

[@TeslaGirl639]

They will not be paid that well when automation comes into play. The good news is we will have more medical professionals with less studying up front with AI.

[@celine_isa_penguin965]

@@TeslaGirl639 I think you’re overestimating how soon that will happen. Most older people wouldn’t trust it and prefer people to manage their care.

[@UDOKAJANE]

when I see people my age doing so well like this, I ask myself what I have been doing with my life.

[@mikeforcerer8537]

Well she doesn't look to happy, If you are happy than you have her beat in my books. She seems like she missing out on most of what life is.

[@UDOKAJANE]

@@mikeforcerer8537 thank you so much for the kind words.

[@JessicaHicks]

@@mikeforcerer8537 Yes. Happiness is wealth.

[@jasonokoro5213]

Probably riding the carousel 🎠

[@a55tech]

and what was the answer?

[@Southeastasiantraveler]

Absolutely the best Millenium Money I have seen, really inspiring to see a young professional person with her head screwed on so well, and fast tracking herself to financial independence at such a young age. Well done Doctor !!!

[@buhja543]

a millennial money a day, keeps financial backruptcy away

[@TheGrahamStephanShow]

yesss

[@hulsecharlie]

"I bet the healthcare is top notch" *Laughs in 13 years of active duty service with many injuries that took years to identify because of the military healthcare system*

[@sohyangworld1544]

Lmaooo

[@Pursuit_Of_A_Homestead]

Lol omg it’s honestly the worst! Such a s*** show 🤦🏽‍♀️ sorry you had to deal with that ! But thank you for your service!

[@lw3269]

At least it's free and you are not paying a crapload of premiums and co-pays like the rest of us. No disrespect to our military but I would trade my plan for free coverage any day.

[@sohyangworld1544]

@@lw3269 …

[@sohyangworld1544]

@@lw3269 You realize people in the military are more like to sustain injuries right?

[@JackDuffley]

Way too responsible. Where's the splurging, three new cars, and credit card debt?😅

[@TheGrahamStephanShow]

I know right?!

[@StephenRothDDS]

Hey Graham! Dentist/dental specialist here- To answer your question: why dont more dental students take military scholarships?: there are very very few made available each year. I attempted to receive one (filled out the paperwork, got the background check, went through the physical) but all the spots were gone by the time my file was put together by the recruiter. The pros are definitely financial (no tuition which can be anywhere between $200k and $400k and even pay during dental school) but the cons include inability to chose where or how you practice or whether or not you can specialize (and some specialties.... not mine lol... pay significantly more than the general dentist) Love your videos!

[@a55tech]

did u try the army, air force etc?

[@StephenRothDDS]

Yep! I tried army, air force, and navy. I even tried again in my specialty residency as the army had positions posted on job websites for my specialty. Twice, I put together "a packet" (application) only to find out the position didn't actually exist and it was an error. I still think it's a great option for those that are able to do it! It just didn't work out for me (but other outlets did, and all is well that ends well- ended up in my dream job!)

[@a55tech]

@@StephenRothDDS the specialty thing sounds like it more than makes up for the difference in tuition/pay early on so congrats on gettin it done! It does not surprise me at all that there were ghost positions lol. Those who did would be lucky if they even get what their recruiter told them. That's gov work for ya.

[@StephenRothDDS]

​@@a55tech Thanks! I actually make about as much as a general dentist would but I love what I do and I am much, much happier now than I was doing dentistry (which to me is more important- if you love what you do, you never work a day in your life!)

[@a55tech]

@@StephenRothDDS happy for u, takes courage to shift gears after a long path to a specialized career

[@thehospitalguy1657]

Awesome episode. This lady is amazing and getting it done. Thoroughly enjoyed listening about her success.

[@Tiff-vi9kx]

This was one of my favorite episodes although her voice was so monotone it took me a while to get through it! 🤣🤣 She’s definitely grinding and doing well. Good for her.

[@shoja7264]

Thank you for sharing her life. This was so inspirational🥺

[@Mister6]

I walked to school in Montreal when I was a kid, you get used to it when it's what you do every day even if it's no fun. Then I moved to Sydney in February and went from walking in -30C to walking in +35C from one week to the next. Can't honestly say which was worse

[@TomassWolf1]

The cold was definitely worse

[@samuel.andermatt]

Here in Switzerland a Phd Student gets 55k to 85k USD equivalent. I think this is the only place where PhDs have decent saleries.

[@bR-gz5oj]

Medical students are paid too, it’s like the only place on earth where you get paid.. I was shocked when I saw that haha

[@ryanspalding6252]

All of her salary is from the military, not phd

[@a55tech]

not sure about Switzerland but in the US, a Phd student is a student. Graham calling them minimum wage workers is not appropriate. Their tuition is covered (usually), which is worth a lot. They are taking classes first, then still studying under the tutelage of an advisor. Their output goes to the bank of academic knowledge and is not directly used for profit the way research in a company might.

[@samuel.andermatt]

@@a55tech In Switzerland you first get a Masters degree before doing a PhD. You also take some lectures during the PhD but very few. You assist to a certain extent with teaching and you make academic research. I mean there is public funding for academic research and I don't see why a PhD should not get a regular salary for teaching and academic research like the professor gets a salary for teaching and academic research.

[@a55tech]

@@samuel.andermatt In the US there is a position called post-doc for more normal salaries after they graduate. It's kind of like a residency for doctors, a transition period with multiple exit opportunities. That would be more aligned with what you're describing. But while a student in the US, they are students themselves and their tuition is covered or waived by their PhD program. In the end, they are not considered workers because they're still learning the tools of the trade and they need supervision. The total value of the money taken from research funding to have them is usually well above average salary.

[@marcsherman4862]

Food -- she has commissary priviledges- so food/groceries can be very inexpensive. She qualifies for full pension benefits after 20 years and can go into private practice if she wants. She can access numerous military commissaries around the country if she wants as she travels too. I saw her vid when it first came out. Smart and impressive.

[@Kebinnugget]

been waiting for this reaction!

[@ChristianPA]

I don’t think Graham realizes how difficult it is to run a successful medical practice lol

[@4ledki]

I am dentist working in government ( in SA) from 7-3:30pm... I honestly don't want to work in private because I love the work life balance and it's nice feeling to provide free services to the disadvantaged community.

[@jacintatracey1374]

Military scholarships like that (especially for the Navy) are extremely competitive for dentists- great for her! Dental students can also pledge to work for the National Health Service Corp after graduating to have their tuition paid for. I'd love to see a video about if Graham thinks private dental school tuition is worth it. ($90,000+ x4 years in some schools!)

[@TMM9116]

I was waiting for this one!

[@TheGrahamStephanShow]

:)

[@miked7212]

Great video as always!

[@NicksDynasty]

React to Living on 51k in Ohio and Michigan. He had a fun story and mindset

[@NicksDynasty]

@Brandon Bucher Enjoy it!

[@pterpilowski8770]

Health care she gets is top notch! 🤣🤣🤣 Good one Graham.

[@TheGrahamStephanShow]

:P

[@haleym5162]

that part made me LOL

[@sohyangworld1544]

Ha

[@josephhsu3221]

It’s free but it’s definitely not top notch we’re basically government lab rats

[@soccer12336]

Lol I heard that and almost lost it😂. Top notch Tylenol and hydration

[@FinancialFreedomMadeSimple]

Thanks for the great content Graham

[@satv6334]

She definitely has a great plan and military money would still flow in every month in retirement. Also, when are we getting your channels in 4k?

[@UpLighting]

Yeah, I think he should indeed consider a camera upgrade... tbh AF the 1080p we're getting now is not even that sharp!

[@a55tech]

the CNBC footage isn't 4k and also it would just show u Graham's zits.

[@jk8743]

Got a second job (for fun/extra money/why not) and it’s an office job- incredibly slow and boring but they matched my main job’s salary. So it’s easy money. Thank gooooosh Graham posts as much as he does 😂

[@b0dybaggz687]

@The Quiver 🎯

[@krislatoya7556]

I have an office job and would love to find something like this to make extra money 😢

[@jeffrounsville4961]

Thanks again for the great content

[@trrosales]

HAHA love it, highly skilled interns! It describes our cheap labor well!

[@ineverchangemyplayericon3016]

Graham I've been contacted by the Navy recruiters for similar programs that she is in, to be in Medical/Engineering. The reason I personally declined is that the salary from the Navy is normally the states average or a little bellow it, which is way to low for me. Looking back I made the right decision as I am being paid 2x than I would have through the Navy.

[@my2sats260]

New sub to your channel. Not sure why your show is so good… …but it’s so good🏆

[@rontalksmusic]

Awesome video Graham!

[@TheGrahamStephanShow]

Thanks!

[@GBBangin]

GO NAVY!!! LOL the WallStreetBets plug! Let's GO!!!!

[@lionelh7217]

Great video 👍🏾

[@AmusingPlayer]

this lady made me happy on how smart she is. Also, in the past in your videos all these people had bad finances and blamed it on something, but she had a hard life and choose decisions over tolerance which is very smart. It looks to be she thought this throughout her adventure of retirement as she was going through the military. Very smart lady and hopefully she can fufill her dreams on retiring at 42 while opening her own clinic for future endeavors . 👍👍

[@SirDelow]

Love this video

[@noahwade]

Graham, are any of the credit cards mentioned in your main channel video available in Européen countries? Thx

[@katemichelle]

As a med student, I’ve heard you can actually end up behind if you do the Army/Navy route since they cap your salary after med/dental school at something much less than what you would get from elsewhere (depends on what specialty you want to go into since for Family Medicine/Pediatrics, it would be about the same salary). I would look up Antonio Webb’s videos about his debt!

[@haleym5162]

yes you are right about active duty getting the annual fee waived on AMEX. I have that and the CSR as active duty and don't have to pay the fee

[@TheGrahamStephanShow]

yeah!

[@gabbymiles5655]

Great video!!!

[@TheGrahamStephanShow]

Thank you!!

[@MariaNunez-rx2kw]

Seriously addicted to your video

[@Imtje_]

I don’t know why I enjoy these videos so much

[@lukeholland8083]

Graham you should interview (shorter compared to your podcast) people and make your own Millennial Money episodes, perhaps even react to your own videos 👀

[@TheGrahamStephanShow]

That would be fun! Shelby Church did something similar

[@flicky167]

Yes Graham!! I finally binged the new season of Dexter and I loved it! Hoping we get a Harrison spinoff with Dexter as the ghost teaching him! (like Harry and Deb were)

[@sunispretty]

A lot of friends and classmates I knew went into some type of military and they definitely get lots of benefits but it’s not easy for everyone. Navy has a hardcore boot camp to go through before they’re in and a lot of people would drop out

[@Sammich88]

I had a friend who compliments that I was very strong and my immediate thought and reply to her was… I don’t think I’m that strong, I just think most people in America is weak. If everyone in America practices fitness 3-4 times a week, I’d be pretty average but unfortunately they will never do so. People who can’t survive boot camp are people with very little discipline. They are also the ones who are much more likely to drop out of anything that requires a good level of dedication.

[@jesalcasid1601]

subbed

[@angiem7725]

@@Sammich88 For real, Im a Navy veteran and people used to tell me that I was very brqave and thought I was superin shape. Being in the Navy was not that hard, it was like a regular office job to me

[@karrenb.6663]

I literally felt so happy when you said you watched Dexter!!!!

[@agentx3]

I'm shocked, this is a new type of episode. Nice

[@israelmills7442]

Damn! Such an inspiring story! I really felt her pain about not having money When she started tearing up I did as well You can tell those memories still cut deep for her Bless her! I wish her much more success!

[@musicalityadventures8544]

My dad walked to school uphill both ways. 😂😂😂

[@musicalityadventures8544]

@Whatsapp➕⓵⓼⓹⓻⓶⓸⓪⓻⓺⓪⓽ You're probably the worst scammer I've ever encountered. Screw you! Remove that comment or I'll report you.

[@lutendonetshikweta1177]

Wow I loved this

[@emilfilipov169]

You lost me at "I love the latest season of Dexter" 🤣

[@_AValerio]

this girl is freakin killing it!

[@brrberrymerry]

I love it. This is exactly my strategy

[@urahotmess]

Only thing about signing up is you have to serve for the years they pay for your tuition. I wished she talked about how many tours she had to do on the naval ships.

[@deathblade909]

Exactly , people glorify it but you still a slave to the government

[@surfingtothestars]

@@deathblade909 at least she was in the Navy

[@KryptonicHD]

San Diego brewing some amazing people. Glad to be a part of this awesome city. Except for all the homeless ;(

[@ad2094]

A lot of people join the military to get their education paid for. It's really not a secret, Graham 😅

[@gillianyanoc2748]

Nothing makes me check my bank account more than I see a Graham Stephen video up

[@CommentLikeDescribe]

Hey Grammypants. 157k in San Diego almost qualifies for low to moderate income housing.

[@TheGrahamStephanShow]

:/

[@joyandpeacefullaughter5307]

Y'all are getting too comfortable with this man 😂😂

[@christianab429]

Not grammypants 😂😂

[@CommentLikeDescribe]

@@joyandpeacefullaughter5307 Lolz. The dude literally lives off of our attention. He's gonna be OK.

[@lsmith9316]

Uh no. Median income is 109k, and low to moderate income is way lower than that

[@milliondollardream4004]

I just watch KZbin on my TV don’t think anyone watches channels 😂

[@leonnalee2675]

Damn that was better than the original video

[@TheGrahamStephanShow]

ah thanks!

[@akin242002]

She is on WSB 🤣🤣🤣! Technically half the people on WSB don't gamble and invest safely. They go there for the memes and crude jokes. She is smart and seems like she has a silent fun personality.

[@jacobwood8581]

Good for her I need to be more like this.

[@ianfitzsimmons8852]

"But you know what, she was getting good exercise" hahahaha

[@jeffgordon2199]

Dentistry is a wonderful profession. She is already excelling. BTW, Dexter new mini series was great. You look like Dexter’s brother. Do you have a dark passenger?

[@joyandpeacefullaughter5307]

She's such a hardworking lady and so pretty.

[@talhahbhuiyan3760]

This is probably the first Graham Stephan video where he has no critiques

[@adiponaps]

I clicked on the like button before the video even started😁

[@kailynanderson383]

I’m pre-medicine and have been approached by the navy. The military in general has a lot of catches that aren’t very favorable. Sure, financial wise it sounds great upfront, but on the back end is where they get you. I’m, personally, not going to sign my soul away to get money now just to be trapped in the future. But for some people it works! And more power to them (:

[@joshmcgoo]

med student here commenting for the algorithm: in the military, you make MUCH MUCH less as a doctor/dentist. You don't pay for school, but if you make half as much (or less in some specialties), you lose money on the backend during the 4+ years you need to be a military doc. For physicians, you might not be able to match in the specialty you want, either. I'm starting emergency medicine residency in July - I can't imagine what I would do if I had to be a family physician instead!

[@riftech57]

that made be true in the long run for certain specialties but in the short term, you make more money and have zero debt. As for matching it might be true in the Air force and Navy it is mostly primary care, but not the Army. The US Military education program is better than most residency programs out there. Also certain medical specialties you make more in the military verse the private sector.

[@joshmcgoo]

@@riftech57 that's just not true, man. You make less in the military than civilian. In higher earning specialties like ortho/derm/ophtho you make WAY less in the military. Every military branch, army included, may make you do 1-2 years of primary care before residency because the demand for it is so high. It is much harder to match into your specialty of choice in the military.

[@eastsky4378]

Simple & smart, that says it all about this lady.

[@JonWood]

Seeing her investments and net worth just makes me want to keep adding more to my accounts.

[@aadavanelangovan1630]

I actually LOVE the smell of the dentist and the hospital. Industrial cleaners, formaldehyde, rubbing alcohol is the perfect slurry of smells for me. It's addictive as hell to me. I also love the smell of paint thinners, motor oil, petrol, bleach, chemicals, white outs, sharpies, and paint haha. It's like smelling carcinogens is my jam hahaha.

[@nicholas2090]

I love the idea of saving and investing then I walk out and start my diesel lol bye bye money 😂

[@israelmills7442]

Lmao at learning financial literacy from WallStreetBets of all places though 🤣

[@alan_par8854]

Graham like, don't watch TV, it is a waste of time. Me: watching his video on my TV... lol

[@TkONe22]

Dexter was soooooo good!

[@thedawncourt]

Military discount?🤣 that’s almost nonexistent unless it’s Veterans Day lol

[@KristineHoward16]

YESSS A DEXTER FAN!!

[@ml2539]

Bro read the room. If she had to walk a mile to get to school, always looked at prices, she likely didn’t have the money for a Walkman…

[@relaxwithnature6532]

Love her story.

[@flawaii-pines6858]

I dont believe the money shirt clip is this woman... Maybe its Bieber from MTV Cribs... Check that... 8:01 Huned Dolla Billz and Cats BABY!... LOL LOL!

[@kyotokitsune]

I wanted to join the military. My step dad had other plans. Let's just say that if I would've joined, I would've been homeless until I was able to head off to bootcamp. My two youngest brothers had a similar encounter, but because everyone by that point had moved out, they were able to leave home and have places to crash. My only option was in another state. And yes, I think he would've kicked me out because he had no qualms about doing insane things like that. I was 18, it was my decision. I didn't have to tell him I guess. Just one day go "whelp, I'm outta here. Off to bootcamp, see ya."

[@ggangpae4520]

as a newly minted member of the military (army), military discounts aren't as abundant as one might presume. you have to do research on which companies provide discounts and some companies only have those discounts on certain occasions

[@mayachelsie4072]

I have a friend who is in the Navy Reserves (she enlisted and then went reserves a few years ago) and currently works as an ICU nurse and I am telling ya, she can afford so much. She is now a travel nurse (no benefits, but she has health insurance through the Navy) and makes like...so much more now. She maxed out all her retirement funds via 403B/401K and some other investments that she has no idea what to do with the rest of her money!

[@CEECEE92]

“Arguably the best health benefits in the world”, he Graham.. Scandinavia calling.

[@nullx8]

that is a true success story, most of those are moreless fairytales, but this one is very well sound and pretty much archivable!

[@wildbap28]

Lol military discount is hardly anything any where if they even have it. And the insurance can be good depending on your health needs

[@rusjun5]

A key thing to note is that she is on a higher military pay scale because she is a health provider. Congrats to her she’s doing great.

[@DonesdeMotivacion]

I’m a psychotherapist and I did that route. But my profession pays sh t lol. My only advice is to start planning the way she will have a family or continue a legacy. The steaks, trips and drinks will eventually get boring and so much money accumulated will be worthless

[@mclovin6537]

Sheeeeeeeesh, kids take note (me too), this girl is the real deal.

[@David_Quinn_Photography]

I would love for her to find this video and give us an update.

[@drakeanton2000]

Military is definitely overlooked

[@user-tz5fu9nj1k]

goodness, she is such an inspiration.👩‍🎓

[@alanbabu8465]

Can we get George Janko to The Iced Coffee Hour. Afterall you reacted to the Island Boys video.

[@TheGrahamStephanShow]

That would be fun!

[@chrisc2597]

Smell is probably eugenol. But that doesn't smell like burnt plastic. Maybe it's formo cresol

[@MariaNunez-rx2kw]

Oh wow! Yeah i also don’t have a TV 😂

[@charisginn6932]

Nontaxable BAH is real, and it's a flat rate so if you rent a super cheap apartment you can straight up pocket $1-1.5k per month lol. Unfortunately from what I've seen, most people choose the most expensive apartment possible and use it all up