Graham Stephan dude stop pretending you’re this real-estate guru that made it all on your own. You’re not fooling anyone. We can all tell just by looking at you that you’re Tom Cruz’s son
Summary: 1. Student loan debt: Go to community college and transfer to save money. 2. Not investing: Missing out on compound interest - the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it. Compound interest is the most powerful force in the universe - A.Einstein. 3. Buying an expensive car: Girls don't care about cars, buy a used Miata or Subaru BRZ instead. 4. Renting an expensive apartment: Live in a shit hole while you socially can, save and invest. 5. Not budgeting - Track your spending early and you'll be ahead of 99.9% of the population.
@@screamingperson8188 Avocados are healthy, have it on whole wheat toast, health benefits compounded. This leads to compounded life benefits and a higher chance at living longer which means more time to make money and even more time for that money to compound that interest.
rich people who didn’t go to college are always the first to say that going to college isn’t necessary... but my struggling parents who didn’t get to go to college are realizing how different their lives could have been if they did seek higher education...
kaylei brown The thing is, you hear people say that in the US more often than not. Europeans don’t really go on about how university isn’t as great an investment. Personally, I think its because: 1) like Graham said, it gives you a ton of debt 2) The first two years is like high school 2.0. You don’t actually focus on learning anything related to your degree, students can just take random classes for credit requirements I went to university in the UK because a degree is required for my field, and I think it was the best decision for me. I have NO student debt cuz its so much cheaper there. Its even better for people in countries like Germany where uni is free. And there’s a greater focus on actually learning your major of choice so you come out more knowledgeable and more qualified for your career of choice at the end of your three or four years of study.
I'm finishing uni because many, if not all businesses will still pick a guy with a B.S. in computer science over a guy with the same level of skills and no degree.
You're right my mom didn't go to university, so she, my brothers and I always struggled with money cause she couldn't get a better job and we were little kids. Besides my dad died so he couldn't help us
exactly. i mean it really depends on the kind of job you're doing. if you have any stem job then you NEED a degree; otherwise there's no chance you're getting hired
"When you're 20 years old people don't expect you to live the life of luxury." "You are living on your friend's couch paying 200 dollars per month, no one bat's an eye because you're 21 year's old but try that when you're 43." I'd say just stop worrying what other's are thinking and live your own life. Make money but don't do it for the adoration of others.
Keep it up man, thats great to hear. Continue to save when you get a job! If you want to know how you can invest your money while still in high school, I have videos about the best investments for high schoolers and college students. Let me help you out bro!
V3RY P!NK L!FE college lol. Getting my second bachelor's degree. In the past year paid $74,000 out of pocket. So there goes all my savings (was my second bachelor's so didn't get scholarship or financial aid).
Alphauthentic 1. Start a business even a small one 2. Focus on what you really want and not what others want 3. Invest not just in money but in yourself (health) 4. make friends that are older than you (more knowledge) 5. Get outta ur comfort zone
It's anecdotic evidence, but you heard what many young woman pay off their student loans working webcam, stripper or so. But have you heard of any, who became successful for their degree, actual knowledge and thus paid loan?
Glad I did community college first wasn’t smart to start at a university first. But I only own 8k in loans which is not bad unlike people I meet who owe 40K+. I’m glad I made that choice.
I hope one day I can find a guy 1/4 as knowledgeable as you are. I literally broke up with my ex because of telling him to stop eating fast food everyday. I told him to give me money so I can meal prep for him. He spent on average $1,500 on food every month. His take home pay was 2,500. After bills were paid he only had $300 bucks to save. He was 28, and he had been living on his brothers couch for 5 years making 45k. I was so digusted, I broke up with him. I wanted him to save the extra money from wendys, starbucks, burger king, chick fil a, kfc, chipotle and etc so he can afford to buy himself a bed to sleep on. Smh. They sad part is that I work in banking, I see idiots like that everyday who come in our financial center for fraud alerts. They never check their bank accounts, always over drafting and getting mad at the bank for their blatant ignorance. Anyway, that's neither here nor there. I'm going to stop ranting and just thumbs up the video.
Graham Stephan lol no. He eats out 3 times a day. So, think about it as roughly 30-40 bucks for food 7 days a week give or take a few bucks. For example he would eat at chick fila and get an 8 dollar sandwich, a 3 dollar lemonade, and some desert item for another 3 bucks. That's like $15 with tax. Eat like that 3 times a day thats 45 bucks so it can accumulate to 1,260 a month and thats on the low end. Typically when he goes to a steak house on the weekend his meal can be $30+... It's insane. I only spend $150-200 on food every month because I cook my own meals and I snack a lot. If I cut out the avocado spending for homemade guac every week ... i might just save 30 bucks. LOL
Rising sophomore at the second most expensive college in my state. Am paying my way through undergrad without taking any student loans out. Doing well so far. Wish me luck!
Closing in on 28 and my top mistakes have been: - not investing - too much take away & food waste - dating the WRONG people 💀💀💀 (the last one just got me for ~40k in less than a year...so now I'm spending the rest of my 20's digging myself out of debt and STILL not investing :D) Took a few too many years but lesson officially learnt and I'm staying single until I've got my ducks in a row and know who I am and what I want outta life. Yayy free therapy via TH-cam xP
Regarding college: The liberal arts school I went to averaged over $70,000 in tuition a year and I had to pay almost nothing thanks to financial aid. For me, college was a fantastic way to better myself and meet people with whom I've had lasting personal relationships. This is not a brag post, but a PSA to any young people seeing this that college isn't all bad and that schools oftentimes have ways to help you out that don't include putting you into massive amounts of debt!
Budget advice on the iced latte thing as a current Starbucks Shift supervisor soon to be realtor btw (recently passed my RE agent exam!) order a quad iced esspresso in a venti cup and ask for a splash of cream then you can add additional cream from the public use one or just bring a small thermos of milk with you to top it off you’d be getting and extra shot of espresso and saving money it’s a win win :) also thanks gram you inspired me to pursue RE btw lol
Great video! You forgot to mention the "opportunity cost" of going to college. Could potentially be making $20,000 - $40,000 per year during the time you're in school, instead.
I dont think college is always a bad investment, but it depends on where you go and what you study. I am graduating in December, I'll be 23. It took me a little longer to graduate and here's why: I went to school in MT and took a year to get residency (while earning money). Tuition dropped to ~8k a year. I paid for this in full by working all summers fighting forest fires. Now i will have an engineering degree with no debt. It's a high paying job if I choose to do it, no obligations if I choose not to. Might get my real estate license next ;)
It is still extremely expensive, because of rent and Money for food etc. Rent is very high in many German cities. Apologies if I misunderstood Uni costs in America, but a lot of that stuff is included in your Student loans right?
I'm 23 and started budgeting recently after having the habit of swiping my card mindlessly for so long, went from blowing most of my check in the first couple days to actually saying NO to anything I don't truly need and I've already saved tons of money. I still have about 80 percent of my check after the first week. It's amazing how much you save when you're always watching those numbers
I have so many friends that went to college and not even work in the field they went to school for and rack up thoses school loan bills so many people are successful with out. College
Listen to the advice in this video! It is ULTRA true. I knew all that in my 20's but wasn't disciplined. Life today would be very different. Sure living paycheck to paycheck for 30 years is possible. But it is stressful too. .
@@FinnishArmy no they don't. Go to destination xxl, the difference is night and day. Being tall and slim is even more expensive. Short people have it easy
You can start saving at any age, it's never too early. Any money you get for your birthday, babysitting etc. can be put in a saving account instead of spending it.
You can have an account setup in your name managed by your parents, then transferred to you when you reach maturing (18 usually). ;) There's loads of great info online (and TH-cam), and if it sounds too good to be true, run miles away. 😅✌️
Depends on your investing goals. There are several options available depending on how much work you want to put into it, and your risk tolerance, as well as how long you plan to have your money invested. Gonna talk about ways on mobile that I've personally had success with, because that's all I know, except p2p lending, but that's a whole other game. If you want the manual approach I'd start with Robinhood or Smores. Both apps are similar, I like Robinhood, have heard good things about Smores, but have no personal experience. You link a bank account (normally checking) and direct withdrawal from there into your Robinhood account. From there you can purchase individual stocks in companies you like (risky, and research heavy with decent profit opportunity.) You can invest in bonds, index funds or mutual funds. Bonds are debt paid back at an agreed upon interval, normally government debt. Index funds track a certain market area and follow it around, and tend to do really well long to mid term, but in the short term aren't exciting to watch. They grow slow, but reliable. Mutual funds are large portfolios normally with pretty decent fees attached. Dead safe, but not a great investment. You can normally outperform them by making a diverse portfolio of well mixed stocks and bonds that you think will do well. Also let's you do Bitcoin and a few other crypto currencies. (Dogecoin is fun cuz you can have like a thousand for 20 bucks or so) all pretty volitile high risk high reward stuff. Fun to play with, but personally beyond me. If you want it on total autopilot you can use a host of autoinvestors. Acorns is a huge one, but costs one to 3 bucks a month. For a buck you get autoinvesting in their portfolio that performs really well. Better than I have managed alone, by 2%(with fees factored in I almost keep up) dead easy to set on autowithdrawl on your bank for like 20-100 bucks a paycheck and forget about to let grow. For an extra buck you get a Roth IRA (tax advantaged retirement account) and an extra buck after that gets you a debit card attached which I'm my opinion is the dumbest thing ever to attach to your investment portfolio. If nothing else the financial education they have on the app is gold to someone just beginning investing. I used to use wisebannon which was free, but didn't seem to perform as well. Not as shiny as acorns, but a lot of the same stuff. If you buy stocks bonds or whatever I love to chase dividends. They are free money for letting that entity hold your money. And some of them are cheap. Perfect "toys" for a beginning investor. When I started, and still I love the little cheap ones that do monthly dividends like PSEC pays like $.06 a month per share for a $6.50ish stock right now or DHY is a bond that pays $.02 a share a month for just under 3 bucks I think. Dividends are nice, because even if the stock is tanking, they'll pay you to watch it fall and come back again. Most funds offer a dividend, and a lot of long established stocks do as well, which tends to be a good sign. If a company pays a dividend, they have normally been around awhile and aren't going anywhere tomorrow. Dividends are little, always, but add up. Warren buffet calls them the get rich slow strategy that nobody wants to use or something like that.
The easiest and simpliest investing are funds. Instead of having your money in your bank account doing absolutely nothing. Select a few funds and invest your money into the funds.
Turned 20 a few days ago.... Decided I want to be somebody in my life and not a low life. Since 4 days ago Got up at 6, worked out, had my coffee and I stick your videos on the TV while I work EVERY morning. You have really inspired me to do something with my life. Love you man
Eoes Reaper he works at McDonald’s for the discount and is trying to pay off his dirt bike payments while living at his friends house, after a week of the grind he realized it’s too much work
Graham has been such a big inspiration to me🙌🏽his videos are the reason I moved to LA and started in real estate. You all need to follow this man. He also inspired me to start making TH-cam videos
Watching this at 26 while my bank account is almost 0, with a ton of student loan debt and didnt keep track of my finances, but at least it made me sign up for Mint.
I'm currently becoming a pilot, dont need a degree. go to a dedicated flight school instead. way cheaper and you get the same license at the end of it all. also look into cadet programs. might get your commercial paid for and get a job when your done. lots of options right now
7:10 Agreed. I've made more money owning my car, then I have spent on it thanks to the fact that it's my channel mascot and brings in revenue and views. If you want an expensive car, get the full use of it. I never got the point of having a brand new Sports Car as a commuter car to brag to coworkers. START Showing up to car meets! Actually network! (not trashy slideshow ones, go to upscale ones that Graham mentions, Cars and Coffee is usually a good start) It can be a major foot in the door if used properly. Car Enthusiasts will actually engage in proper discourse, meanwhile your coworkers will just roll their eyes each time you talk about your Beamer.
I just turned 23 and started investing a week before my birthday and I invested about 900 and it hasn't even been a month. I plan on putting up about 400 a month on investments.
Depends on the person and what qualifications they need to get the job they want, but in my case and for many other students, you pretty much need a bachelor's degree minimum to become an engineer in the US. For example, to get a professional engineering license in my home state, with no college education, you need 12 years of experience in a full-time engineering role (this is different from engineering technology, which you can do in a lot of ways, including trade school. It does not count for the purposes of the license though). For a start, pretty much no one (there may be a few *very rare* exceptions) will hire a high school graduate straight into a full-time engineering position. You would truly have to fight your way up the ladder or change jobs a few times to even get that position. Then work in it for 12 years. More than likely, you are probably nearing 40 at that point, and much of that work was spent in low paying jobs before the engineering one. Alternatively, by attending an ABET accredited school, you get your degree in 4-6 years (many schools have you taking classes for your engineering major the second year, so at best you can take 1 year at a community college, but additionally many have first-year engineering class prerequisites, so CC courses are thrown out of the window), can be hired straight into an engineering role (making easily $60K+ starting), and only need to work in that position for 4 years before you can get your license. At that point, $37K of debt is a drop in the bucket of potential lifetime earnings and investments. Obviously, this is not universal to all jobs, though. Plus given what engineers do for society and how much in-depth technical knowledge is required to do engineering properly (safely), would you really want someone doing engineering work who wasn't college educated? Same thing for doctors, lawyers, teachers, and really any of the "traditional professions." (en.wikipedia.org/wiki/Profession) Food for thought, but I agree with you that many people spend a lot of money to get a sheet of paper that makes other people think they're qualified to earn more money. For quite a few people, it really is a waste of their money and time. It just all depends on what they want out of life.
OR pay your loans while you in school and stop letting loans build up with interest. Also most universities have a payment plan where you pay for your semester monthly while your in school. If you’re in school and work like I do paying semester by semester is the best option
The car thing is probably the biggest one. And it was a huge mistake in my 20s. I bought a 1987 bmw 528e for $400 and loved that car. It completely changed my view and love of cars and I realized that you don't need a $20k or $30k newer car to be happy. I still have a note but it's for an economical car I know will last me 10 years.
I am a speech-language pathologist and employed in a full-time permanent capacity as such. I completed a masters of health science (in speech-language pathology) after my undergrad degree. I can tell you that getting into this masters program was extremely competitive and that starting off in community college for two years instead of directly beginning undergrad would absolutely NOT have worked. There IS value in completing higher education. /rant
I’m 19 and I work odd jobs and I spent 3 months pay on a car 💪. My old car broke down and wasn’t worth fixing so I spent my only 3k and bought a used 2010 Sonata
Fruit Loops such a smart decision I’m 22 and am paying off a car that I still owe 8,000 on and didn’t even have 60,000 miles on having to get the engine rebuilt which ended up costing me $3500 and on top of that you have to have full coverage when you’re paying out so my insurance is like $120 a month and my payment for the car I can’t even drive right now is $250 😳
Currently 24, I don't have much in the way of debt but what little I have is eating @ my paycheck tremendously! I've had one failed business, I started at the age of 19, so now i'm just trying to get back to that zero marker so I can start investing again, this time with a lot of more experience and knowledge! I love your videos, and I am getting so much out of them.
Honestly most people could apply for bog waiver and community college is like basically free to get in, the text books would be the more expensive costs haha
My bachelor's in cybersecurity cost around $100,000 but that's about what I make yearly a year past graduation. It's still way too expensive but if there's a good ROI it still makes sense, it would have taken years and years to get the experience to do the same work I am now without the degree.
I bought an AWD 5.7L Charger. I love it! I got a good deal on it but I'll never sell it. It was for sale for $9400 and I got it for less (negotiate) and they fixed the issues. I love it, I sit in it, I clean it (detail it myself) and just love it in general. It was my dream car when I was like 13 and I got it :D
You gota do your own research, every one wants to be told what to do, but he's not a financial advisor. I personally invest in crypto and have seen some 🔥 returns but its personaly preference and what you know better.
These are extremely crucial mistakes that a lot of 20 year olds make. I've made several of them but have learned to overcome them through research, hustle, and determination to achieve financial success! Thanks for another great video Graham.
Dear Mr. Stephan I am 16 years old student that lives in Lucerne, Switzerland. I really love programming, espacially Machine Learning. I have a small plea and I can guarantee you that you will make me very happy by helping one of your TH-camViewer: For school I need to execute a volunteer service and I‘d like to help in some project by analizing some data. Do you need some help for a project that is dued to the public or do you know someone that would be very happy by getting a young programmer for 2 weeks totally for free? For additional information, just ask. Yours sincerely: Marco Furrer
I'm a little late to the party, but online college is good too. -It costs the same amount to do 2 classes more than full class load as just room and board would if I lived on/near campus. -I worked full time and did classwork/homework 4-6 hours a day, but I could do it whenever I wanted in that day. -I took on 4 classes for 2 summers so I graduated about 1 year faster, and I graduated with no student debt. -I graduated with 2+ years technical and sales experience so i was already desirable for jobs the day I graduated. -I'm debt free before 30 (stupid car...) and my degree looks identical to people's who went on campus and spent $30K+ MORE than me and are still in debt, even though some of them have better paying jobs.
That fake-cry-face thumbnail so click bait man I couldn’t resist. I need to up my thumbnail game to fake tears. That’s when you know you’ve elevated. Hahah. I might steal that graham crying for a little frugal graham video :P joking - id always run it by you hahah. Good tips. Sharing the good word with people! :)
@@GrahamStephan interesting. I'll give it a shot. I used that face on my Early Retirement Extreme Jacob Lund Fisker interview and I got a few thousand views, so you might be on to something there!
Index ETFs should do the trick. I get a little creative with my trades but in the long run, accumulation of shares in index ETF's is simpler. I must say trading on technicals makes me fell all warm n' fuzzy inside :P
Another option for student debts could be to apply to colleges that are either totally need-blind, or need-aware, or offer significant scholarships. These are also often the best institutions in the country and ones that care more about educating you than taking your money. So if you're really going to college just for the learning experience, it's a good thing to look into.
bascoaful I'm French & went to uni in Denmark- dk grants a monthly allowance to EU citizens to assist with expenses. So on top of "free college," I got paid to get a degree 😎 now living in the US making 6-figures in my field with no debt
@@Max-hj6nq meh i am fine with high taxes, although sure there are many things unfair, but in general, my taxes are being used to build roads, finance education, help the not so fortunate so I am fine with it
I am 28 and I still have no understanding of the avocado toast obsession. I don't know anyone who actually eats avocados, let alone smeared all over bread. I always here it as a joke and as being a millennial thing, but seriously...... ? People do this??
The easiest way to avoid student loans is studying abroad. The tuition of university in the UK is around 15k Wick is much less than in the US. Other options are Germany or Spain or the Netherlands. They are around 10k which is 50 percent than the average university price in the US. Not only are universities cheaper, but also cost of living is much cheaper.
i always watch people say invest your money but on what? 🤷🏻♀️ lol can you help us understand about investing. On your second advise, my question is what could we invest on with 100/mo that gives us 8% back in return ? Please help us understand 😭 lol
He has several videos about this. For a novice investor, he (and I) recommend index funds from Vanguard. Your bank can help you set that up and get started. Its very easy and well worth the time. Good luck
in australia, we have what is called a HECS loan. essentially, the government will pay all of your university fees. you dont have to start paying off this debt until your income reaches AUD$51,957 annually. the best part? zero interest whatsoever. this allows ANYONE who is an australian citizen to go to university (granted they get the grades) no matter what financial background they come from. i think this is an amazing incentive and makes me so appreciative to live in AUS.
Idk for the US but in Germany we get investment company’s which got certain special traits like „flossbach von Storch“ you pay them monthly and the invest accordingly to the market in everything from company’s to gold or stocks. Until now I got about 10% gain on my investments every year (high risk) so maybe check them out if they work wherever you life.
The renting a cheap apartment is good advice for me, because part of me really wants to spend more money once i graduate and get my own place. And it's true about it being socially acceptable still.
I was watching this vid at night and I started tryna blow a lil black spec off my phone… Turns out it was his microphone. Great video by the way. Awesome advice!
This is the struggle from a real/current college student: If you go to a community college for two years and then transfer to a higher/more expensive university (so that you can get a degree that will actually get you a job), that higher university will not grant you much (or any) scholarships or financial aid whatsoever. So all of the money you saved in community college now is being drained into a university. Many of my friends ended up in this situation and it really sucks.
Pac Man real estate naturally compounds. Prices go up both in value of your property and amount you rent it for. Reinvest that money into stocks until you have enough for another house and then buy another rental property. You’ll compound at 10-15% or higher if you play the game smart but it requires much more effort than something passive like an index fund.
Take as many classes at community college as possible and if you are still in high school don’t do Ap classes do dual enrollment to, my friends graduated with an a.a. And some with half their a.a finished.
Your first comment of student loan debt and going to a community college first is what I have done. I am working while going to community college and by the time I go to a four-year university, I will have already saved enough to pay for the next two years in order to obtain my bachelor's degree. The only student loan I will have to obtain is for my master's degree and if I plan it outsmart, I will only have to pay that back in one to five years. Also, I'm only 19 :)
Ok but for those of us already deep in college and debt, how should we prepare for when we’re graduating with a crap ton of loan? Would love a video on that
Try to pay it right awyz with you parents help. You would rather owe your parents 500 dollars a month for years than the bank because you wont be paying interest
Who else clicked because of the thumbnail? ;)
Graham Stephan yupppp Lol
Graham Stephan dude stop pretending you’re this real-estate guru that made it all on your own. You’re not fooling anyone. We can all tell just by looking at you that you’re Tom Cruz’s son
U
Graham Stephan lol jk you put out great helpful content thanks for all the advice 👍🏾
Ezekiel Valdez haha
Just stopped eating avocado toast today and now I have enough to invest in my first property. WOW thank you Graham!
See, it's that easy!!
What if I was to buy an avocado tree to get free avocados 🤔
@@JourneyToTheCage I'll bring the toast.
@@JourneyToTheCage good plan but warning avocado plants are surprisingly fickle.
bruh hahahhaha
Summary:
1. Student loan debt: Go to community college and transfer to save money.
2. Not investing: Missing out on compound interest - the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it. Compound interest is the most powerful force in the universe - A.Einstein.
3. Buying an expensive car: Girls don't care about cars, buy a used Miata or Subaru BRZ instead.
4. Renting an expensive apartment: Live in a shit hole while you socially can, save and invest.
5. Not budgeting - Track your spending early and you'll be ahead of 99.9% of the population.
And avocado toast
Thanks becus I was not about to watch a 13 min video
@@screamingperson8188 Avocados are healthy, have it on whole wheat toast, health benefits compounded. This leads to compounded life benefits and a higher chance at living longer which means more time to make money and even more time for that money to compound that interest.
I agree exept for the part about owning a miata or subaru I agree drive a cheap used car but I dont like the idea of driving a little rice burner...
@CIA is an audi a4 a luxury car
rich people who didn’t go to college are always the first to say that going to college isn’t necessary...
but my struggling parents who didn’t get to go to college are realizing how different their lives could have been if they did seek higher education...
kaylei brown The thing is, you hear people say that in the US more often than not. Europeans don’t really go on about how university isn’t as great an investment.
Personally, I think its because:
1) like Graham said, it gives you a ton of debt
2) The first two years is like high school 2.0. You don’t actually focus on learning anything related to your degree, students can just take random classes for credit requirements
I went to university in the UK because a degree is required for my field, and I think it was the best decision for me. I have NO student debt cuz its so much cheaper there. Its even better for people in countries like Germany where uni is free. And there’s a greater focus on actually learning your major of choice so you come out more knowledgeable and more qualified for your career of choice at the end of your three or four years of study.
I'm finishing uni because many, if not all businesses will still pick a guy with a B.S. in computer science over a guy with the same level of skills and no degree.
You're right my mom didn't go to university, so she, my brothers and I always struggled with money cause she couldn't get a better job and we were little kids. Besides my dad died so he couldn't help us
exactly. i mean it really depends on the kind of job you're doing. if you have any stem job then you NEED a degree; otherwise there's no chance you're getting hired
@@Warriorette12 That's why I love schools like RIT in the US, where you pick your major ahead of time and jump right into the curriculum
"When you're 20 years old people don't expect you to live the life of luxury." "You are living on your friend's couch paying 200 dollars per month, no one bat's an eye because you're 21 year's old but try that when you're 43." I'd say just stop worrying what other's are thinking and live your own life. Make money but don't do it for the adoration of others.
Revolution Uprise is this your life he was mentioning lmfao? If the shoe fits, wear it.
Revolution Uprise yessssssssss exactly what I was saying
Bruh I’m only 15 years old and I have saved over $1000, so proud🤗
Keep it up man, thats great to hear. Continue to save when you get a job! If you want to know how you can invest your money while still in high school, I have videos about the best investments for high schoolers and college students. Let me help you out bro!
I had 10,000 when I was 14. Now I am 25 and have $2000😂😂
Jaison Joykutty lol what happened?
V3RY P!NK L!FE college lol. Getting my second bachelor's degree. In the past year paid $74,000 out of pocket. So there goes all my savings (was my second bachelor's so didn't get scholarship or financial aid).
Well done! Keep it up, and you are in your way to a great life
The good news: I only made 1 mistake
The bad news: it’s a $90,000 mistake
SAME.
What happened???
lmao college happened
now do the 5 BEST things to do in your 20's
Alphauthentic 1. Start a business even a small one 2. Focus on what you really want and not what others want 3. Invest not just in money but in yourself (health) 4. make friends that are older than you (more knowledge) 5. Get outta ur comfort zone
@@UnKissPaTii You forgot about the most important one.... buying avocado toast.
lifehack: never start drinking coffee
Liv A Jajajajaja! Just invest in a goof coffee machine and then you are set..
Or eating avocado toast
i dont like coffee hehe
Coffee taste like Liquid cigarette ashes.
Feels good to be Mormon sometimes.
“The average college grad has $30k in debt...that’s INSANE.” *me sits here crying with $100k in student debt.*
Goddamn you at ivy League or sumn?
I know right, I'm here in 54k in debt
Dang, RIP your wallet.
It's anecdotic evidence, but you heard what many young woman pay off their student loans working webcam, stripper or so.
But have you heard of any, who became successful for their degree, actual knowledge and thus paid loan?
Glad I did community college first wasn’t smart to start at a university first. But I only own 8k in loans which is not bad unlike people I meet who owe 40K+. I’m glad I made that choice.
I was stripping while in college and paid off my loans in five years!
Stephany Gutierrez Hey Gardi S
We need prove
Yea. Obviously you made on the backs of other broke 20 somethings. Good job👍🏼
Have fun staying single since real mean don't date strippers. LMAO
Real men don’t feel emasculated by a woman doing whatever it takes to succeed. You go girl!
Who in their right mind would ever buy something as basic as AVOCADO TOAST at a resturaunt????? When you can make it for like 50 cents at home omg
90*
Carly W an avocado where I live is $4 though😪
Stephanie Martinez do you use 1 avocado per avocado toast?
Lol
@Death Omen They're only 50 cents at walmart. Unless you're buying those fancy organic avocado, it's not really expensive.
"What you measure improves" looks down at pants
"Hear that little buddy?!"
GET OVER HERE!
I hope one day I can find a guy 1/4 as knowledgeable as you are. I literally broke up with my ex because of telling him to stop eating fast food everyday. I told him to give me money so I can meal prep for him. He spent on average $1,500 on food every month. His take home pay was 2,500. After bills were paid he only had $300 bucks to save. He was 28, and he had been living on his brothers couch for 5 years making 45k. I was so digusted, I broke up with him. I wanted him to save the extra money from wendys, starbucks, burger king, chick fil a, kfc, chipotle and etc so he can afford to buy himself a bed to sleep on. Smh. They sad part is that I work in banking, I see idiots like that everyday who come in our financial center for fraud alerts. They never check their bank accounts, always over drafting and getting mad at the bank for their blatant ignorance. Anyway, that's neither here nor there. I'm going to stop ranting and just thumbs up the video.
Wow!! $1500/month on food?? He could eating steak and lobster every day for that price 😂
Graham Stephan lol no. He eats out 3 times a day. So, think about it as roughly 30-40 bucks for food 7 days a week give or take a few bucks. For example he would eat at chick fila and get an 8 dollar sandwich, a 3 dollar lemonade, and some desert item for another 3 bucks. That's like $15 with tax. Eat like that 3 times a day thats 45 bucks so it can accumulate to 1,260 a month and thats on the low end. Typically when he goes to a steak house on the weekend his meal can be $30+... It's insane. I only spend $150-200 on food every month because I cook my own meals and I snack a lot. If I cut out the avocado spending for homemade guac every week ... i might just save 30 bucks. LOL
@@GlamDollyyy you could've made food with ur own money greedy ass
I'm a ramen noodle guy 😎
Dam! That’s crazy, glad you left him, no future with that guy
I watched this now that I'm 25 😭 but oh well, never too late to start investing!
Same
How is the investing going? I'm also 25, but still feel motivated!
Same. 26, and literally just started
Don't feel bad, I started investing at 30. Now I'm 32
Leandra Fernandez where do you invest, sorry im new to this but like it is just saving accounts with your bank?
Rising sophomore at the second most expensive college in my state. Am paying my way through undergrad without taking any student loans out. Doing well so far. Wish me luck!
Good luck!
Bubbly Water thanks!
Good luck! You're doing it the right way.
TH-cam Comments Suck thank you! I’m trying :)
And I bet the experience you gained in college is invaluable to your growth. People out here really underestimate what it means to earn a degree.
Closing in on 28 and my top mistakes have been:
- not investing
- too much take away & food waste
- dating the WRONG people 💀💀💀 (the last one just got me for ~40k in less than a year...so now I'm spending the rest of my 20's digging myself out of debt and STILL not investing :D)
Took a few too many years but lesson officially learnt and I'm staying single until I've got my ducks in a row and know who I am and what I want outta life. Yayy free therapy via TH-cam xP
how did your last relationship get you 40k in debt?!?! whattt
souplover94 Trickin.
@✪Hidden how did she get access to your savings?
Graham had a girlfriend with a Starbuck and avocado test addiction and it killed his pockets
Regarding college:
The liberal arts school I went to averaged over $70,000 in tuition a year and I had to pay almost nothing thanks to financial aid. For me, college was a fantastic way to better myself and meet people with whom I've had lasting personal relationships.
This is not a brag post, but a PSA to any young people seeing this that college isn't all bad and that schools oftentimes have ways to help you out that don't include putting you into massive amounts of debt!
Liberal arts school lol delete this comment please lmao
SosaDa'Vinci It’s one of the nation’s top research universities for STEM too, get off your high horse about liberal arts schools lol
Budget advice on the iced latte thing as a current Starbucks Shift supervisor soon to be realtor btw (recently passed my RE agent exam!) order a quad iced esspresso in a venti cup and ask for a splash of cream then you can add additional cream from the public use one or just bring a small thermos of milk with you to top it off you’d be getting and extra shot of espresso and saving money it’s a win win :) also thanks gram you inspired me to pursue RE btw lol
Great video! You forgot to mention the "opportunity cost" of going to college. Could potentially be making $20,000 - $40,000 per year during the time you're in school, instead.
Very very true!!
Exactly! I was a full time student and was still able to make $1,000 per WEEK! Too bad I live in chicago and my rent is so high. Saving is hard
I dont think college is always a bad investment, but it depends on where you go and what you study. I am graduating in December, I'll be 23. It took me a little longer to graduate and here's why: I went to school in MT and took a year to get residency (while earning money). Tuition dropped to ~8k a year. I paid for this in full by working all summers fighting forest fires. Now i will have an engineering degree with no debt. It's a high paying job if I choose to do it, no obligations if I choose not to. Might get my real estate license next ;)
@@jakerust1565 u busted ass took some of the hardest classes there are to not do it?? Weird......
Come study in Germany it's way cheaper
Living here in Europe being like "what student loan tho?"...
A lot of countries in Europe actually do have student loans either because they charge tuition or for living expenses while studying
Some countries here have student loans but they're not as exaggerated as the US
It is still extremely expensive, because of rent and Money for food etc. Rent is very high in many German cities.
Apologies if I misunderstood Uni costs in America, but a lot of that stuff is included in your Student loans right?
In Denmark you get Paid for going to collage
@@sersimovi come to South Africa. 99.9% of student literally cant afford university fees.
Money mistake one:
Burning a $20 bill
Always burn $10 bills or less
That thumbnail is me every time I look at like my bank account
I'm 23 and started budgeting recently after having the habit of swiping my card mindlessly for so long, went from blowing most of my check in the first couple days to actually saying NO to anything I don't truly need and I've already saved tons of money. I still have about 80 percent of my check after the first week. It's amazing how much you save when you're always watching those numbers
I have so many friends that went to college and not even work in the field they went to school for and rack up thoses school loan bills so many people are successful with out. College
So true. I think it's such an out dated system at this point.
Or some of them went to college only to land a job that makes them 40k to 60k which isn't bad but some job with education pay same or more.
@@GrahamStephan Depends, if you want to be a doctor...
@@GrahamStephan well even though taxes are super high here in Sweden atleast universities and colleges are free :)
That only applies to people who didn’t do engineering or medicine.
Listen to the advice in this video!
It is ULTRA true. I knew all that in my 20's but wasn't disciplined. Life today would be very different. Sure living paycheck to paycheck for 30 years is possible. But it is stressful too. .
Avocado toast is no laughing matter
It's avocontrol...
@@GrahamStephan I like this guy ^
It’s not fair. You get to save money by buying medium sized clothes.
😂
Graham Stephan sorry..I just could resist 😜
YouGoPro Medium and XXL sizes both cost the same amount...
Something Warren Buffet would say
@@FinnishArmy no they don't. Go to destination xxl, the difference is night and day. Being tall and slim is even more expensive. Short people have it easy
Ohk am 14 I need to start investing..lol
I'm 13 and i wish i could start investing too😂
You can start saving at any age, it's never too early. Any money you get for your birthday, babysitting etc. can be put in a saving account instead of spending it.
My mother helped me start my bank account and I have enough money to pay for a year of uni by now
You can have an account setup in your name managed by your parents, then transferred to you when you reach maturing (18 usually). ;) There's loads of great info online (and TH-cam), and if it sounds too good to be true, run miles away. 😅✌️
@@danakirsh what if you dont get money
I understand the importance of investing in step number two, but how do I actually do it? What to invest in & how? Help!!
me too!
Industry Superfund Superannuation - Pool all into Property, Ez money ez life.
Etothes you rock bro! Thanks
Depends on your investing goals. There are several options available depending on how much work you want to put into it, and your risk tolerance, as well as how long you plan to have your money invested.
Gonna talk about ways on mobile that I've personally had success with, because that's all I know, except p2p lending, but that's a whole other game.
If you want the manual approach I'd start with Robinhood or Smores. Both apps are similar, I like Robinhood, have heard good things about Smores, but have no personal experience. You link a bank account (normally checking) and direct withdrawal from there into your Robinhood account. From there you can purchase individual stocks in companies you like (risky, and research heavy with decent profit opportunity.) You can invest in bonds, index funds or mutual funds. Bonds are debt paid back at an agreed upon interval, normally government debt. Index funds track a certain market area and follow it around, and tend to do really well long to mid term, but in the short term aren't exciting to watch. They grow slow, but reliable. Mutual funds are large portfolios normally with pretty decent fees attached. Dead safe, but not a great investment. You can normally outperform them by making a diverse portfolio of well mixed stocks and bonds that you think will do well. Also let's you do Bitcoin and a few other crypto currencies. (Dogecoin is fun cuz you can have like a thousand for 20 bucks or so) all pretty volitile high risk high reward stuff. Fun to play with, but personally beyond me.
If you want it on total autopilot you can use a host of autoinvestors. Acorns is a huge one, but costs one to 3 bucks a month. For a buck you get autoinvesting in their portfolio that performs really well. Better than I have managed alone, by 2%(with fees factored in I almost keep up) dead easy to set on autowithdrawl on your bank for like 20-100 bucks a paycheck and forget about to let grow. For an extra buck you get a Roth IRA (tax advantaged retirement account) and an extra buck after that gets you a debit card attached which I'm my opinion is the dumbest thing ever to attach to your investment portfolio. If nothing else the financial education they have on the app is gold to someone just beginning investing.
I used to use wisebannon which was free, but didn't seem to perform as well. Not as shiny as acorns, but a lot of the same stuff.
If you buy stocks bonds or whatever I love to chase dividends. They are free money for letting that entity hold your money. And some of them are cheap. Perfect "toys" for a beginning investor. When I started, and still I love the little cheap ones that do monthly dividends like PSEC pays like $.06 a month per share for a $6.50ish stock right now or DHY is a bond that pays $.02 a share a month for just under 3 bucks I think. Dividends are nice, because even if the stock is tanking, they'll pay you to watch it fall and come back again. Most funds offer a dividend, and a lot of long established stocks do as well, which tends to be a good sign. If a company pays a dividend, they have normally been around awhile and aren't going anywhere tomorrow. Dividends are little, always, but add up. Warren buffet calls them the get rich slow strategy that nobody wants to use or something like that.
The easiest and simpliest investing are funds. Instead of having your money in your bank account doing absolutely nothing. Select a few funds and invest your money into the funds.
Welp, I’m allergic to avocado! I’ll be starting my 20s off right 👍🏼
I am 20 and I have literally no expenses aside from public transportation. No, I can't go by bike. My commute already takes 1 hour.
Nowadays, most college graduates are indentured servants. They might as well write Indentured Servant Certification on your diploma.
:O
@1234
Just like there brains ;)
Turned 20 a few days ago.... Decided I want to be somebody in my life and not a low life.
Since 4 days ago
Got up at 6, worked out, had my coffee and I stick your videos on the TV while I work EVERY morning.
You have really inspired me to do something with my life.
Love you man
And now?
Eoes Reaper he works at McDonald’s for the discount and is trying to pay off his dirt bike payments while living at his friends house, after a week of the grind he realized it’s too much work
How are u nowadays?
How are you doing?
wishing you the best bro
This dude bought a 35k car when he was 19 and here I am trying to find an old Honda for 1300.
Thndr_ bro theres a reason why he said it was one of his mistakes
Corollas are cheaper then civics.
Graham has been such a big inspiration to me🙌🏽his videos are the reason I moved to LA and started in real estate. You all need to follow this man. He also inspired me to start making TH-cam videos
AriesBoyJB 🙌🏽
AriesBoyJB how long have you been in LA
Meg Altwood since august
Boss moves ✊🏽
Ah thanks so much to hear! What are in LA did you move to?
Watching this at 26 while my bank account is almost 0, with a ton of student loan debt and didnt keep track of my finances, but at least it made me sign up for Mint.
Jacob L. Never too late man, keep it up and budgets are an awesome start. Sending you good thoughts!
I’m thankful that my parents had enough money to pay for my university education.
To many kids are going for liberal arts degrees, while racking up debt. The school you go to, does not really matter either.
:(
I unfortunately need to go to college to become a pilot. I’m also going to a community college which is a lot cheaper than my local Pac 12 university.
You don’t have to go to college to be a pilot, it’s cheaper without a college degree
Cole Frahm you don’t but I wanted to have a back up plan. Now I want to drop out and do flight school full time
PushAventón I wanted to be a pilot growing up, but I’m scared of flying so decided to do finance 😂
I'm currently becoming a pilot, dont need a degree. go to a dedicated flight school instead. way cheaper and you get the same license at the end of it all. also look into cadet programs. might get your commercial paid for and get a job when your done. lots of options right now
Edward P thanks for advice, looking into it right now!
7:10 Agreed. I've made more money owning my car, then I have spent on it thanks to the fact that it's my channel mascot and brings in revenue and views. If you want an expensive car, get the full use of it. I never got the point of having a brand new Sports Car as a commuter car to brag to coworkers. START Showing up to car meets! Actually network! (not trashy slideshow ones, go to upscale ones that Graham mentions, Cars and Coffee is usually a good start) It can be a major foot in the door if used properly. Car Enthusiasts will actually engage in proper discourse, meanwhile your coworkers will just roll their eyes each time you talk about your Beamer.
Yo bladed get the weebvette more exposure!!
I just turned 23 and started investing a week before my birthday and I invested about 900 and it hasn't even been a month. I plan on putting up about 400 a month on investments.
Depends on the person and what qualifications they need to get the job they want, but in my case and for many other students, you pretty much need a bachelor's degree minimum to become an engineer in the US. For example, to get a professional engineering license in my home state, with no college education, you need 12 years of experience in a full-time engineering role (this is different from engineering technology, which you can do in a lot of ways, including trade school. It does not count for the purposes of the license though). For a start, pretty much no one (there may be a few *very rare* exceptions) will hire a high school graduate straight into a full-time engineering position. You would truly have to fight your way up the ladder or change jobs a few times to even get that position. Then work in it for 12 years. More than likely, you are probably nearing 40 at that point, and much of that work was spent in low paying jobs before the engineering one. Alternatively, by attending an ABET accredited school, you get your degree in 4-6 years (many schools have you taking classes for your engineering major the second year, so at best you can take 1 year at a community college, but additionally many have first-year engineering class prerequisites, so CC courses are thrown out of the window), can be hired straight into an engineering role (making easily $60K+ starting), and only need to work in that position for 4 years before you can get your license. At that point, $37K of debt is a drop in the bucket of potential lifetime earnings and investments. Obviously, this is not universal to all jobs, though. Plus given what engineers do for society and how much in-depth technical knowledge is required to do engineering properly (safely), would you really want someone doing engineering work who wasn't college educated? Same thing for doctors, lawyers, teachers, and really any of the "traditional professions." (en.wikipedia.org/wiki/Profession) Food for thought, but I agree with you that many people spend a lot of money to get a sheet of paper that makes other people think they're qualified to earn more money. For quite a few people, it really is a waste of their money and time. It just all depends on what they want out of life.
Guys if u don’t stop watching his videos I won’t get any sleep. I’m learning so much!!!!
OR pay your loans while you in school and stop letting loans build up with interest. Also most universities have a payment plan where you pay for your semester monthly while your in school. If you’re in school and work like I do paying semester by semester is the best option
The car thing is probably the biggest one. And it was a huge mistake in my 20s.
I bought a 1987 bmw 528e for $400 and loved that car. It completely changed my view and love of cars and I realized that you don't need a $20k or $30k newer car to be happy. I still have a note but it's for an economical car I know will last me 10 years.
6: Avoid adding guacamole and bacon onto your daily subway sandwich. ;)
Ouch that's a good one
Avoid going to subway to begin with. Their bread dough ingredients contains plastic. You'll be paying for that plastic with your healthcare
Yep, same shit yoga matts are made of
@@e.v.6389 😭😭😭😭😱
I am a speech-language pathologist and employed in a full-time permanent capacity as such. I completed a masters of health science (in speech-language pathology) after my undergrad degree. I can tell you that getting into this masters program was extremely competitive and that starting off in community college for two years instead of directly beginning undergrad would absolutely NOT have worked. There IS value in completing higher education. /rant
I’m 19 and I work odd jobs and I spent 3 months pay on a car 💪. My old car broke down and wasn’t worth fixing so I spent my only 3k and bought a used 2010 Sonata
Fruit Loops such a smart decision I’m 22 and am paying off a car that I still owe 8,000 on and didn’t even have 60,000 miles on having to get the engine rebuilt which ended up costing me $3500 and on top of that you have to have full coverage when you’re paying out so my insurance is like $120 a month and my payment for the car I can’t even drive right now is $250 😳
I have a similar situation! I’ve been saving up a couple months and just bought a $3500 used car cash:D
No one:
Graham Stephan : avocado toast
Currently 24, I don't have much in the way of debt but what little I have is eating @ my paycheck tremendously! I've had one failed business, I started at the age of 19, so now i'm just trying to get back to that zero marker so I can start investing again, this time with a lot of more experience and knowledge! I love your videos, and I am getting so much out of them.
Best personal finance TH-camr out right now and its not even close
Thanks so much!!
Honestly most people could apply for bog waiver and community college is like basically free to get in, the text books would be the more expensive costs haha
🙌🏼
And you could theoretically find most of your books in the form of PDFs. Saving you even more money.
BeTh3 Hamm3r 👏👏👏
My bachelor's in cybersecurity cost around $100,000 but that's about what I make yearly a year past graduation. It's still way too expensive but if there's a good ROI it still makes sense, it would have taken years and years to get the experience to do the same work I am now without the degree.
Hey Graham can you make a video on financial independence?
Absolutely will!
@@GrahamStephan 🙂👍
I'm still in 25k for only 2 semesters of college at TTU. It's stupid. Glad I left, and it's been 3 years since I have
I bought an AWD 5.7L Charger. I love it! I got a good deal on it but I'll never sell it. It was for sale for $9400 and I got it for less (negotiate) and they fixed the issues. I love it, I sit in it, I clean it (detail it myself) and just love it in general. It was my dream car when I was like 13 and I got it :D
BRO, INVEST IN WHAT?
STONKS.
You gota do your own research, every one wants to be told what to do, but he's not a financial advisor. I personally invest in crypto and have seen some 🔥 returns but its personaly preference and what you know better.
In yourself
He has videos on this
th-cam.com/video/zBNpqSMiffY/w-d-xo.html
"LOOK! I'm sick and tired of playing wet nurse for you. Will you do your own homework Marv?"
These are extremely crucial mistakes that a lot of 20 year olds make. I've made several of them but have learned to overcome them through research, hustle, and determination to achieve financial success! Thanks for another great video Graham.
Graham my car was a saleen mustang supercharged with nos it for six years sold it what I paid for it
That's awesome!! That's the way to go!
Still 6 years where the money you spend where not being invested.
- However it's a nice outcome
I'm not even sure where to start with investing.
Luckily I haven't blown my money on cars and students loans at least.
“Don’t spend money on expensive car. Best money ever spent btw.” Love you Graham lmao
Dear Mr. Stephan
I am 16 years old student that lives in Lucerne, Switzerland. I really love programming, espacially Machine Learning.
I have a small plea and I can guarantee you that you will make me very happy by helping one of your TH-camViewer:
For school I need to execute a volunteer service and I‘d like to help in some project by analizing some data.
Do you need some help for a project that is dued to the public or do you know someone that would be very happy by getting a young programmer for 2 weeks totally for free?
For additional information, just ask.
Yours sincerely:
Marco Furrer
I recommend sending a PM if you want contact
@@TheSystemaSystem That is fine
I'm a little late to the party, but online college is good too.
-It costs the same amount to do 2 classes more than full class load as just room and board would if I lived on/near campus.
-I worked full time and did classwork/homework 4-6 hours a day, but I could do it whenever I wanted in that day.
-I took on 4 classes for 2 summers so I graduated about 1 year faster, and I graduated with no student debt.
-I graduated with 2+ years technical and sales experience so i was already desirable for jobs the day I graduated.
-I'm debt free before 30 (stupid car...) and my degree looks identical to people's who went on campus and spent $30K+ MORE than me and are still in debt, even though some of them have better paying jobs.
Which online business did u go.....can u give some info..
@@mussieabraham1182 not online business, online college. It just gave me the availability to work full time at the same time.
@@Thelordshanguar and what is the name of hat college....so i can see if i can start there
@@mussieabraham1182 almost all colleges have online programs now, but I graduated from Regent University.
@@Thelordshanguar thank you my friend .
1. Student Loan debt
2. Waiting to invest
3. Buying an expensive car
4. Renting an expensive apartment
5. Not budgeting
Brozzi where are my avocado toast
That fake-cry-face thumbnail so click bait man I couldn’t resist. I need to up my thumbnail game to fake tears. That’s when you know you’ve elevated. Hahah.
I might steal that graham crying for a little frugal graham video :P joking - id always run it by you hahah.
Good tips. Sharing the good word with people! :)
Haha had to! I've noticed that the shocked face really works for a high click through rate...there's a reason people do it. Go for it!
@@GrahamStephan interesting. I'll give it a shot. I used that face on my Early Retirement Extreme Jacob Lund Fisker interview and I got a few thousand views, so you might be on to something there!
Why don't you have more subscribers? Your videos look like 100k value at least.
isaac martz I really appreciate that. I guess just lack of exposure and I’ve just started getting my videos on point.
isaac martz thankyou for making my day. This comment just got highlighted in my stories to all my followings on Instagram @mikerosehart :)
Lmfao you totally had me going with the avocado toast. “This has to be a joke.. this has to be a joke... oh thank god it was a joke”
Haha thanks for watching ;)
“Yet.. that I know of” is such a perfect way of not committing to a statement lol I need to start using it.
How do you properly budget when you don't have consistent income?
Yeah but where do you invest to get the 8% return?
matilda taylor roth 401k
The S&P 500
I have an RRSP and a TFSA in Wealthsimple and I'm getting 8.2% on my investments.
th-cam.com/video/zBNpqSMiffY/w-d-xo.html
He has videos on this
Most funds give that. On average, the funds in Norway give 10-11% annual return
0:55 Latte Factor...... one of the most underestimated concepts in finance.
Did Dave Ramsey sue you too? Damn haha
LOL!!!
I guess you could say he's hit guac bottom.
Dave Ramsey's tip for getting wealthy: Sue all TH-camrs that mention his name.
Tyler Lewis can someone fill me in on the tea for this lol
Good luck on getting a 8% return monthly with $100.
Index ETFs should do the trick. I get a little creative with my trades but in the long run, accumulation of shares in index ETF's is simpler. I must say trading on technicals makes me fell all warm n' fuzzy inside :P
Just bought my first stock the other day! Not much but it’s a start. I’m 21 and realized there’s no time like the present:)
No. 1 Tip have kids in Scotland Free University and duel nationality
And give all your money to the government.
But no avocado toast :(
Another option for student debts could be to apply to colleges that are either totally need-blind, or need-aware, or offer significant scholarships. These are also often the best institutions in the country and ones that care more about educating you than taking your money. So if you're really going to college just for the learning experience, it's a good thing to look into.
When you live in a country with free education
Haaaaa 20cent coffee and 0.00 euro pharmacy degree😎
bascoaful I'm French & went to uni in Denmark- dk grants a monthly allowance to EU citizens to assist with expenses. So on top of "free college," I got paid to get a degree 😎 now living in the US making 6-figures in my field with no debt
Enjoy your ridiculously high income tax lmao
@@Max-hj6nq meh i am fine with high taxes, although sure there are many things unfair, but in general, my taxes are being used to build roads, finance education, help the not so fortunate so I am fine with it
sean Oof paying 5-10% more in income tax> $40,000 student loan debt out of college 🤷♂️🤷♂️🤷♂️
I’m from Germany but go to college in the US fml 😭😂
I am 28 and I still have no understanding of the avocado toast obsession. I don't know anyone who actually eats avocados, let alone smeared all over bread. I always here it as a joke and as being a millennial thing, but seriously...... ? People do this??
Avocados are the fruit of the gods, especially here in San Diego, California
I’m Peruvian, eating avacados with toast for breakfast was a huge norm... plus it’s just an elite fruit. t’s delicious!
Avocado is amazing but on toast is overwhelming
Idk. I live in california and avacados are very common to eat out here.
The easiest way to avoid student loans is studying abroad. The tuition of university in the UK is around 15k Wick is much less than in the US. Other options are Germany or Spain or the Netherlands. They are around 10k which is 50 percent than the average university price in the US. Not only are universities cheaper, but also cost of living is much cheaper.
i always watch people say invest your money but on what? 🤷🏻♀️ lol can you help us understand about investing. On your second advise, my question is what could we invest on with 100/mo that gives us 8% back in return ? Please help us understand 😭 lol
He has several videos about this. For a novice investor, he (and I) recommend index funds from Vanguard. Your bank can help you set that up and get started. Its very easy and well worth the time. Good luck
looks like you were actually crying on your thumbnail 😂😂😂
So much work (and photoshop) went into that
in australia, we have what is called a HECS loan. essentially, the government will pay all of your university fees. you dont have to start paying off this debt until your income reaches AUD$51,957 annually. the best part? zero interest whatsoever. this allows ANYONE who is an australian citizen to go to university (granted they get the grades) no matter what financial background they come from. i think this is an amazing incentive and makes me so appreciative to live in AUS.
In 45 years, inflation = 3.3*45=almost 150 percent...Look now, 500K is around 200K in today's time.
ROTH IRA ROTH IRA ROTH IRA ROTH IRA ROTH IRA ROTH IRA ROTH IRA ROTH IRA
Everyone just consider it.
Great content as always, Graham. 👍
YES YES YES YES YES
But what if i wanted to retire in my 30s
Life Saver! Rainy day fund +
Where will I get the money to put in it with my minimum wage job
38 year olds watching graham thinking, "awhh it's too late to become successful".
where do you reccomend investing the $100 every month? or where specifically to get the 8% return rate?
In my pocket
Idk for the US but in Germany we get investment company’s which got certain special traits like „flossbach von Storch“ you pay them monthly and the invest accordingly to the market in everything from company’s to gold or stocks. Until now I got about 10% gain on my investments every year (high risk) so maybe check them out if they work wherever you life.
Where would you invest $100 each month for about 8% return?
th-cam.com/video/HVKhaRwzI8E/w-d-xo.html
The renting a cheap apartment is good advice for me, because part of me really wants to spend more money once i graduate and get my own place. And it's true about it being socially acceptable still.
"Reconsider going to university, the ludicrous student loans are often not worth it"
_Laughs in European_
...most countries in Europe do have the loans...
Dynestis it’s cause they’re no where near as bad in other countries US College debt is the worst 🗿
I was watching this vid at night and I started tryna blow a lil black spec off my phone…
Turns out it was his microphone. Great video by the way. Awesome advice!
This is the struggle from a real/current college student: If you go to a community college for two years and then transfer to a higher/more expensive university (so that you can get a degree that will actually get you a job), that higher university will not grant you much (or any) scholarships or financial aid whatsoever. So all of the money you saved in community college now is being drained into a university. Many of my friends ended up in this situation and it really sucks.
when you say invest, what are you talking about? most savings accounts don't return 8%.
Vanguard index fund, stocks, real estate, etc...
@@GrahamStephan hey Graham can you make your next video on how to invest for compound interest in Real Estate
Pac Man real estate naturally compounds. Prices go up both in value of your property and amount you rent it for. Reinvest that money into stocks until you have enough for another house and then buy another rental property. You’ll compound at 10-15% or higher if you play the game smart but it requires much more effort than something passive like an index fund.
@@simoncohn-gruenwald8867 can you give me more details about this
Like maybe an example
Savings accounts can’t even keep up with inflation.
best investment to make in your 20's PLEASEE
Yourself!!
@@GrahamStephan wow 🔥🔥
Take as many classes at community college as possible and if you are still in high school don’t do Ap classes do dual enrollment to, my friends graduated with an a.a. And some with half their a.a finished.
your videos are stressing me out xD
But when you say invest $100 a month during your 20s, what app do I use to invest, where do I go, what do I invest in? I seriously need help.
Your first comment of student loan debt and going to a community college first is what I have done. I am working while going to community college and by the time I go to a four-year university, I will have already saved enough to pay for the next two years in order to obtain my bachelor's degree. The only student loan I will have to obtain is for my master's degree and if I plan it outsmart, I will only have to pay that back in one to five years. Also, I'm only 19 :)
Ok but for those of us already deep in college and debt, how should we prepare for when we’re graduating with a crap ton of loan? Would love a video on that
Try to pay it right awyz with you parents help. You would rather owe your parents 500 dollars a month for years than the bank because you wont be paying interest
What kind of fairytale dream world portfolio does give you 8%, without the risk of losing everything?
Serban an index fund such as the S&P 500 (avg 10% return since the 1930s)