Two BFFs Talk About Making $75K In Philadelphia vs. $150K In NYC

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Welcome back to The Money Conversation, where real-life friends, family members, and loved ones share their money challenges, workplace wins, financial secrets, and everything in between.
In this episode, best friends Naia and Casey share the differences in their costs of living in NYC vs. Philly, insight on how they got their current roles and negotiated their salaries, and more!
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[@KhanJoltrane]

1600 for a 3 br townhome! Philly is underrated as a city

[@CaraMarie13]

Lol about 13 years ago, you could get a two bedroom in Brooklyn for that price. Philly better hope people with higher income don't take a look in that direction or 1600 per bedroom with two roommates will probably be cheap.

[@sha2596]

Depending on where she’s living, Philly is under gunfire in daylight in some neighborhoods! I know this because my grandmother still lives there and I grew up there.😬

[@freshfreshfreshfresh]

Wow really cheap. I’m getting ripped off where I am

[@lshardy1up]

She got a REAL deal. Pre-pandemic my studio there was 825 (low comparable were starting at 750) in university city, so if she's in a 3bdrm row home for that price she must know the owner or lucked out

[@rachell3544]

That rent is extremely low unless she lives in a really bad neighborhood. My friends who have studios in Philly pay more than that.

[@HONEYxBEE100]

Because a puppy was mentioned: I'm planning on getting a dog, and would love to see the TFD cover the cost and financial side of pet ownership. Maybe Chelsea, since she has Mona, can speak on this? I'd love to see it and I'm sure more subscribers have pets or are interested in this!

[@xcavation123]

These girls are awesome So inspiring wholesome smart and thoughtful More of this!

[@Dizzeeyout]

More of this content please

[@urbanflight820]

This was such a wholesome discussion, and particularly Casey's take on the question of professional envy. I loved it.

[@timtamtums]

Y'all are killing it. When I was 26 I just started my job in the environmental industry with a salary of $54k (CAD).

[@simonpusateri3527]

Casey I feel you - I'm in my Masters for Structural Engineering right now and probably 75% of my close friends are in computer science

[@DiamondFlame45]

Because tech jobs pay and are more remote friendly than site specific fields like construction and mechanical engineering

[@thescarecrow2710]

What happened? Did they pivot and changed career path from engineering or did they just find an entry level job in comp sci? Sorry if I sound nosy!

[@simonpusateri3527]

@@thescarecrow2710 No its just who I became friends with through roommates and campus jobs.

[@DiamondFlame45]

You dodged a bullet by not pursuing teaching Naia! Literally!

[@hc5648]

Lovely comment. The US needs teachers.

[@DiamondFlame45]

@@hc5648 But the US needs to give people a. Reason to become teachers. Doing it for the sake of the kids doesn’t cut it anymore when that can lead you to get shot

[@afreaknamedallie1707]

I really liked her comments about purposeful mentorship, especially as I'm personally hitting a wall at a point in my career where I should be further head on the more major information but where being *too* good at what I do and not being in a position to job hop for a few years has left me frustrated and looking to the disparities between my career and some of my old bosses' careers at my stage of experience. Literally half the years experience in the 90s (in a relatively new industry) and a boss of mine got moved up into a position that I know would almost be too easy for me with my previous managerial experience even though it is from a different industry. The whole thing has me reflecting on what my next major steps look like over the next 5 to 10 years, and what I want to change once I'm the one with more sway, and the lack of purposeful and dedicated mentorship in my industry is definitely one of them. A colleague of mine has at least 5 years more experience than I do and because they were in the same boat of being "too good to train out" of a position, they're also feeling frustrated and behind.

[@stephalafond9838]

I'm nearly 40, so quite a bit older but this is refreshing. I'm so glad to see the younger generation talking about these topics. I also recently bought a house in East Flatbush and yes there are homes in BK in that price range. As others mentioned its further out and heavy on the suburb vibes. Depends on what you want!

[@milikoshki]

This is my favorite one yet (probably because I'm in IT). Overall I love this series!

[@adelarodrigo6788]

Love this conversation!

[@ksanela]

This was wonderful ❤ so informative

[@nomblelee5702]

Loved this! Great discussion

[@artofnia]

I'm loving this conversation please make more content like this 👍🏽

[@andreawc88]

Really enjoy this type of content. 👏🏼👏🏼

[@TheVincentKyle]

Ssssshhhh don't tell anyone, my neighborhood is already an overflow lot for Brooklyn as it is!!!!

[@noovernightguests]

This came right on time! I just got a job offer in Philly. I am from Virginia and my relatives told me the exact same line to encourage me to buy property. That in general my mortgage payment would be less than my rental rate, always. 😬 Not accurate.

[@kittyreincat]

I live in Philly. It’s a great city. Hope you love it too!. And I also work in home mortgage. There are lots of first time homebuyer programs that you may qualify for.

[@noovernightguests]

@@kittyreincat Ahh! Thank you!

[@abbyc.4215]

These ladies are truly crushing it. Kudos to them!

[@TheGenflute]

Love these two! I wish I'd had even an ounce of their knowledge when I was their age!

[@noorsmoments4208]

Love this content ! So realistic 😊

[@gyamfua21]

More more more of this . Smart girls

[@SunflowerVibe329]

As somebody who grew up in Philadelphia financially it's not the best place for natives. Right now I currently live in Arizona and I am considering moving back east but Philadelphia is not one of those places I'm even considering. the minimum wage is entirely too low, the crime is entirely too high and the school system is underfunded. It looks nice from the outside but when you know people who live there it's a very bad choice

[@Yentiiiii]

This video was great. I was looking for more about the price of groceries , eating out, going out and hangouts and other differences in life expenses besides rent. Still a great video though

[@davisamills597]

This video is great! I recently relocated from NYC (Hells Kitchen, Manhattan) to the Philadelphia suburbs and the $$$ over here definitely goes much further in terms of housing & cost of living.

[@ashley_z]

I love this series! How do you pick the guests?

[@thefinancialdiet]

we've put out some calls and would love to hear from lots of perspectives, email [e-mail] and she can give you details!

[@watermelonmpls]

Is Naia the only one paying for that mortgage or did the boyfriend also sign on?

[@daviddaviedavidson]

They will pay off their house in 12 years 🫣 wow.

[@micheledevilliers3474]

[@Zenzele.]

Yesss NSBE!! 🖤☝🏾🔥

[@CaraMarie13]

Girl, you did get that pandemic deal.

[@cyd6548]

Please stay in NY. Y’all are making the prices go up

[@freshfreshfreshfresh]

Sad misplaced hysteria. The 26 year old girl in this video isn’t the reason why you can’t afford stuff.

[@essflem]

@@freshfreshfreshfresh As someone that lives in Philly, OP has a point. People from NYC are moving here and changing the way we rent by using competitive tactics people in Philly don't typically use. Lots of them have maintained their NYC jobs and that significant pay difference has allowed them to do this. It's making enough change that real estate agents are chattering about it. You saying that to OP is like saying that gentrifiers moving into your neighborhood isn't the reason why you can't afford to live here anymore, so even with the hubbub that is the economy, your comment is entirely inaccurate.

[@hotshot619]

Does anybody else have a high pitch noise in the audio of this video

[@bloodmusthaveblood]

No, just you

[@pbthefirst630]

Yes I hear it too

[@pbthefirst630]

@@bloodmusthaveblood why are you speaking for everyone else 😂 “just you”

[@bloodmusthaveblood]

@@pbthefirst630 why do you hear noises that don't exist?? Feels like that's the bigger concern here hun

[@middlet4961]

Go NSBE!

[@K-wx6ki]

what does it mean you paid off interest if there is still a loan outstanding?

[@rita4456]

You can pay off the interest every month so that it doesn’t continue to accrue overtime. You still have to pay off the loan. If you don’t pay off the interest your interest can eventually be more than the loan over time and you wind up paying way more than you ever wanted to

[@K-wx6ki]

​@@rita4456that's like paying late fees on a credit card vs. the outstanding balance. it doesnt do anything to actually decrease your loan...so saying "i have a loan but no interest" isnt really true

[@Pomagranite167]

I was thinking the same thing, so long as u have a balance, u have an interest.

[@thatjillgirl]

@@Pomagranite167 Not necessarily. The federal loans that have been in forebearance for the pandemic weren't accruing interest during the payment pause, and people who continued to pay on them were able to pay down the interest and start paying off just principal.

[@K-wx6ki]

@@thatjillgirl but youre still in debt, which is the ultimate issue

[@nanimaonovi2528]

You don't have to be a guidance counselor to be a mentor it sounds like you're already there!

[@kaitomalley3728]

I’m a software engineer with a masters and it was useless. I got it because my company paid for it and said it counts towards your years of experience so I got it to get promoted faster. Then my manager said it doesn’t really count after I got it. Totally agree you don’t need one in our field.

[@transitionsnc]

Your master's degree may be helpful in the future. It's great your company paid for it. I realize working FT and going to school is challenging so congrats on making it through.

[@kaitomalley3728]

@@transitionsnc thanks! That’s a good way to think about it. Moreso meant for those looking into the field that a masters isn’t required like it would be for a lot of other fields.

[@transitionsnc]

@@kaitomalley3728 Got it. Thanks for the clarification. All the best to you.

[@Chi_di]

I mean it’s helpful for your own personal enrichment and experience in your field

[@nicolek804]

You can buy a house in NY for $645,000??? I had no idea.

[@Maria-yg3kj]

She didn’t mention specifics. It really could be a studio or a one bedroom, 5-floor walk up condo with no extra amenities etc etc. East Flatbush is also like 35 minutes from Williamsburg, and farther from Manhattan, relatively less density in public transportation I think

[@ladie0079]

Flatbush is pretty deep into Brooklyn and very residential. No one hangs out there. It’s more similar to a suburb than Manhattan.

[@freshfreshfreshfresh]

@@Maria-yg3kj she said “house”. Nobody calls a one bedroom or studio apartment a house afaik

[@blurryinterests]

@@ladie0079 Flatbush is a huge area in the center of Brooklyn, there are multiple neighborhood within it, which one are you talking about?

[@Pomagranite167]

I say "house" and i live in an apartment lol where i live is my house

[@sarahwbs]

Where do you find these people? 🤔

[@bloodmusthaveblood]

They usually find them. You email in. If you watch the whole video you'll literally see it at the very end on the screen

[@Blackjack09721]

You can make 50k in philly and live like a king, lol. Keep in mind, though, that it is definitely one of those cities that is very checkboard and if you go down the wrong block. It gets very.....dirty (I am trying to be nice, but people from philly know what that means). NYC, outside of parts of Manhattan, can be bad, but it never usually gets philly bad in terms of trash.

[@kittyreincat]

Oh yes. And now that summer is coming so will the smell of hot garbage.

[@transitionsnc]

I live in Philly and I love it but yes, everything you are saying is correct.

[@serindaAntonio111]

Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?

[@yerrijill854]

Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong.

[@WillowOsborne.89]

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

[@NiccoloMachiavelli430]

I strongly advise you against self trading, it's really very dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend Mrs Shannon.

[@luarbiasaflynn3421]

Wow I'm just shock you mentioned and recommended Expert Mrs Shannon,I thought I'm the only trading with her.

[@moreenfred7440]

YOU DON'T NEED TO BE SHOCK BECAUSE I'M ALSO A HUGE BENEFICIARY OF expert MRS SHANNON

[@KaMiQa16]

Sorry, question from Europe, is that amount gross or net?

[@bloodmusthaveblood]

Gross I'm sure. I've never heard anyone in North America state their annual income in net terms

[@KaMiQa16]

thanks, here gross means nothing as you don't even see this money as it is taxed so we often refer to netto as it is your real money in the wallet. plus different people can have different tax levels so they don't end up with the amount we think they do

[@jenjones90]

Bought with her bf...that's all I needed to hear in order to switch off.

[@katnap7157]

Really? How come?

[@jenjones90]

@@katnap7157 because I don't find it impressive or something that people in their 20s should aspire towards. I'm in my 30s and currently know several couples with messy home ownership situations due to buying a place by 25 with a partner in order to show off their home ownership status. They barely had any down-payment on the place, paid huge interest rates and two thirds are broken up (in many cases still sharing accommodation) or are breaking up. As the property prices haven't increased much and they have almost no equity, it's pretty much added nothing to their lives, other than holding them back in terms of finding a suitable partner. Obviously this doesn't apply to everyone, but I know so so many people who just stuck it out with whoever they happened to be in a relationship with at 25 just cause they wanted a mortgage. I actually find the woman on 75k to be far more impressive than her friend, even though she's still a renter.

[@lq7729]

This is refreshing (I love young women talking about finances) but totally disconnected from the reality conversation (young women making $75 and $150K right out of the gate). The Philly woman doesn't identify the area she lives in, so I'm wondering in what neighborhood she can find a three-story row for $1600 where it'd be safe and accessible to anything. The NY woman doesn't even live in NYC (she lives in Flatbush) - so while it's awesome that she can own, it's not like she's living steps from CPS. Also, the conversation needs to touch on the impact of these two salaries specific to the cities mentioned. It must be Mercury Retrograde because I occasionally return to this channel only to be disappointed in the content. :(

[@marissabanks6007]

Actually she lives in east flatbush. And yes Flatbush and East Flatbush are located in NYC . They are in Brooklyn. NYC is comprise 5 boroughs which includes Brooklyn. Manhattan is just 1 borough of NYC. There are many things to do in Brooklyn.

[@lq7729]

@@marissabanks6007 I'm a Philly native who lived in NYC for about 15 years. I know my boroughs - but thanks for the tour. My point wasn't to diss Brooklyn - I lived there for several years (Cobble Hill) but to point out that using NYC in the title and convo is like using Kleenex when talking about tissue. Having also lived in Manhattan - shall I name those 3 hoods too for you - I can say that Brooklyn proud folks don't refer to their neighborhoods as NYC. Just keeping it real.