Living On $110K A Year In Tampa, Florida | Millennial Money
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- เผยแพร่เมื่อ 2 มิ.ย. 2024
- Hemant Saria earns $110,000 a year as a pilot based in Tampa, Florida. The 33-year-old is a first officer on a Boeing 747 cargo airplane and is currently paying off $32,000 in student loans while saving to buy a house with his fiancee. Here's how Hermant makes and spends his money.
This is the latest installment of Millennial Money, which profiles people across the U.S. and details how they earn and spend their money.
Read more about Hemant's budget breakdown here: cnb.cx/2m4GzdZ
Saria originally began flying as a pilot so he could save enough money to buy a motorcycle, but he quickly fell in love with flying. He now flies for roughly 15 to 16 consecutive days each month before having two weeks off. As a cargo pilot he earns $110 per hour, plus more for overtime. He's guaranteed 64 hours per month, but can hit over 100 during busy periods.
His guaranteed base salary is $85,000 a year, plus an additional $13,000 in overtime. He also receives between $10,000 and $12,000 to cover daily expenses while he's flying.
Saria's company offers plenty of opportunity for growth: He expects his base salary to increase 10% to 15% annually over the next five years, and once he becomes a captain his earnings will almost double. "You can expect to make at least $200,000 to $250,000 a year," he says.
Although Saria's income is irregular, he and his fiancee base their monthly budget on a set amount. Each month, they expect to have $5,000 to work with after salary deductions for taxes, health insurance and retirement savings, even if he actually brings in more.
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Living On $110K A Year In Tampa, Florida | Millennial Money
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Hey CNBC, you are lucky to have Graham
Do someone in Louisville KY
GRAHAMMMMMMMM
Do you guys watch Graham's show?
It’s like these adults get better and better.
This channel must be tired of Graham’s shade
Nia C savage, also why are there no other responses to this yet?
Who is this “ Graham”
@@Pcarnevaaa Graham Stephan a finance you tuber
PMoose Traven the latest guy in the show🤣
The avocado toast
We now get a real breakdown of the saving section. That's a great addition, thanks CNBC.
Good for him! He seems like a really good guy! His immigrant perspective comes through when you see his gratitude towards life in the USA
Such a humble guy! I can relate with him about taking care of your family as they grow older! I am doing that with my mom now even though I am in my 20s. It is something that Americans find odd but it is just in some cultures, it is engrained to take care of our parents because they sacrificed so much to take care of us.
diamondflame45 Humble to the tune of a $20,000 destination wedding and a box of Rolexes. GMAFB.
@@drewconway7135 is 20k a lot? I thought the average cost of weddings in the U.S. was way more than that
Jacqueline Le Yes, $20k is a lot, and very pretentious.
@@drewconway7135 not when you factor in the cost of flying his close relatives to the wedding destination
Isak Levy It’s a gluttonous indulgence.
As someone from Nepal trying to make a living here in the US, this gives me so much hope
You'll do way better in the US than in Nepal
Get some high degree then only US will allow
hope it's going well for you buddy
Don’t come to the US and borrow a bunch of money for school and motorcycles though
Graham will NOT have a good time with this one. It's not a train wreck
TheGamble17 It kind of is. They didn’t say how much his student loan is, or the note on his bike. He’s also buying all of the food for him and his fiancée. Either way, buying fancy watches and spending $20k on a destination wedding when you have debt is not a good idea. Yes, it’s good that he’s saving money. But he’s also making some irresponsible choices and is shouldering more than his fair share of the burden in the relationship. Yes, we’ve seen worse, but this is not a shining example.
Of course this is a train wreck! They dude owes a bunch of cash and is already planning a 20k wedding what more do you want?
If he can purge his watches he should free up a lot of cash. Looks like he has a Rolex: Batman, Pepsi and Daytona. They are worth quite a bit
I think his food and transportation bill is to high, and gold doesn’t really produce anything. The wedding can be an issue for Graham and that he saves more than a 1000$ per month in cash but has only 18K in liquid savings but a nice Rolex watch collection
TheNorthernAviator or you can join airforce, and get paid for taking flying lessons.
The last time I was this early, Graham was still single
who's he dating?
a va check out his vid. Lots of vids are about his gf in his Channel
dead lolllllll
Malanee Wheeler I think Graham will not get marry neither like to have any kid... cuz that gonna cost him lot of money and kids can't eat avocado toast..lol... Graham must be thinking in his crappy garage sitting in same used chair and table
Who's this Graham??
I don't think food budget should ever be more than rent unless you're living in a free home.
To this guy, do not quit your pilot job to sell dumplings, your doing really well even with the stressful job of being a pilot.
They retire early...like firemen and police officers. He needs to think about a new career path.
Spunkymunky not true. Most pilots fly up to the mandatory retirement age of 65, unless for some reason the airline offers an early retirement package.
Pilots! What an awesome job! I’m really appreciating your channel’s broad representation on many different fields :) Keep up the good work.
Thank you for posting this interview. I am used to seeing pilots in their 40s or older. How cool to see a pilot around my age (I am age 35).
CNBC: Doing their best to show positive examples for Millennials.
Graham: THIS IS NOT THE MILLENIAL MONEY THAT I KNOW
you know graham is gonna be making a video on this today. I bet he’s sitting in his garage with his 20cent Iced coffee with a big smirk on his face. But this guy is doing pretty good with his finances tho.
Who's graham?
Really? I think he could have more in savings than $18k at 33.
I'm certain the amount spent on groceries will definitely irk Graham
@@reyalexandro Graham Stephan on YT--he is huge on personal finance --please check out his YT channels!
Gabriel Peterson Not really. Student debt and auto loan debt, but he’s buying Rolexes and spending $20k on a wedding. It’s not how much you make; it’s how much you keep.
Holy cow, $110,000 in Tampa is a lot of money
Is it, really?
@@twincherry4958 I would say so, I live in Sarasota and I earn around $75,000 a year working as a mechanical engineer, $110,000 is definitely a very high salary for Florida
@@omarcarrera8229 is 5k a month comfortable? Can one max out their Roth and 401k on this and still live comfortably?
twin cherry I am married and have 1 dog, I am the only source of income and I am able to save like $1,500 a month living on a nice apartment and spending like $600 a month on groceries, I am kind of frugal so you can max the roth IRA but I don’t know about the 401(K) but you could at least put extra $12,000 on the 401(k) while maxing a roth IRA as well, the tax rate I get is very low as I my wife does not work so that helps as well
I agree! I live in Tampa, FL and $110k/yr. Is a ton. Average household income in Tampa Bay is $50k/yr. For a family of 4!!
Every time u learn something from watching these video.
Today, I learn there is a brand called Rolex.
Ro what?
Jesus Ortiz lex , Rolex my friend. It’s a watch brand.
hahahahaha i was so confused when he said that
Did you live under a rock the last 40 years?
I live in the Tampa area and both cost of living and population has gone up the last 7 years. Traffic is getting worse as well. Which is why I plan on leaving Florida within 5 years.
Any Nepalese watching this?🇳🇵
YA
I'm looking for a filter to weed out comments with the word "Graham".
Haha, I feel you, brother 😆
But the travel the world for free thing is like legit goals👌🏻
Not really as he is a pilot and so has limited time
@@Alex-om1be but still free time, holidays..?
His fiance is from Poland, naturally the wedding will be in Europe. Duh
@@catt_ganda82 I didn't mean the wedding. If you watch the video it says that he could travel the world for free and doesn't need to pay for plane tickets
@Lukas Gröndahl A lot of other people have jobs too. Practically none offer free plan tickets especially to wherever you wany
wow 110k..
I make 60k a year no debt no loans cars paid of married have a big 6bd home. In Texas... 110k I would be rolling in the dough.😀
How old are you if you dont mind me saying?. Also for your house loan to be paid off was it just yourself or with the mrs? Congrats btw. Alwasy nice seeing someone succeed and be happy.
What’s your occupation?
I make 60k, wife makes 60k.
Goals.
Alvin Geroy what do you guys do?
@@cerealis_5432 used to drive taxi
As someone moving to Tampa with a similar salary and a bit younger, thanks for this video for giving me a decent guide on what is doable
Finally a fellow airline worker love it!
I live a minimal lifestyle. My wife and son understand we all have the same goal. This is not the life anyone would desires to live.
A fast food dumbling chain seems exciting. Lol
he seems very humble i like his attitude good video
I love this series!!
Me too
Graham is gonna love picking apart the watches
Hemant nice to see the video and know about ur life in general :)
I saw on the schematic of income he helps his family. Good for him.
Another example of how good Nepalese can be if they get an opportunity. Proud and happy for you big bro!
I save about the same monthly as him but i spend like 3000k instead/month. My very first job in the U.S was working in a store and earned $7/hour, Came here 2009. Got a bachelors and then my doctorate and now earns $61/hour. It took almost 10 yrs for this transition.
what did you get your degrees in?
When the uplifting music starts ... I’m “going to “ pay off my debt 😂
CNBC is the only comment not talking about gram ... they should hire him for this series would get more views
Hooking up our boi!
Graham! I can’t wait. Be quick
One of the first comment I love this channel keep it up
The only criticism I can see here from Graham is the gold investing. Graham is not a fan of gold. Also since the couple was mentioned so much it would have been nice to know if the woman works or not and their combined income/budget breakdown
Nuance Bro you predicted it
I don't understand why people worship Graham. He is a self titled real estate guru whose making 95% of his yearly income from TH-cam! Not investing. That is the most shill way of self agrandizement.
@@MRony very true but he’s still very smart
@@marvina8536 that's like saying Logan Paul is smart.
@@MRony at marketing he is everyone good at something
Respect to this guy. Hard worker.
He could have said GMT masster II black and blue but he knew we'd know he likes watches if he said BLNR
He makes $110,000 a year and only puts $350 towards student debt???!!! I’m so bothered! 🤦🏻♀️ he. He can pay it off in two seconds.
Stephanie Figueroa I wonder how is he doing that! Federal student loans make you pay a percentage of your salary a month. That’s on the income driven payment plan. On my income repayment plan, I’m paying $400 a month. I don’t make near what he is making.
Kevin Honig He must just not be on income repayment.
He makes $110,000, doesn't mean he brings home $110,000...and he has other expenses...
KWR 28 Student loan income driven repayment plans are based on gross pay (before taxes), not net pay (take home). It’s usually based at 10% of your gross income. What you can do is clam dependents, like children. That would lower your payment. Students just don’t go off of one person’s income, but the households entire gross income.
Stephanie Figueroa somewhere, Uncle Dave popped a blood vessel. 😂
@0:40 he drops one if most valuable sayings in this entire series.
Props to him for starting so low and grinding to get where he is at. Makes a good living now but his lifestyle hasn't increased too much which allows him to save a lot relative to most people.
However, if he's making about $10.1k a month with OT and per diem, but expenses are only about $7k, where is the rest of this money going?
cust0mx Taxes 🤡
Not only does he fly a plane as his job, mans preferred method of land transportation is a motorcycle.
Got balls of steel brotha. Stone cold Hemant.
Freedom is more important than money.
Everyone here waiting for @ graham stephan video like 🤔
Love these!!
Yes, $110,000 for a 33 year old is totally normal. PLEASE cover more people in the $50-80k range!
Normal!!?
The average 33 year old makes $41k, and 75k in cities like New York
@@huey1153 you missed the sarcasm in my post.
Dont forget to SMASH that like button for the TH-cam algorithm! Pretty awesome episode of wait for it... Millenial Money. I think Graham is going to comment on the investments in gold and the $800 a month food budget. And the 20k wedding. Otherwise awesome and nice they added the breakdown of the savings part.
The brand Rolex? Never heard of it :)
😂
😂😂😂😂😭😂
Best comment
😂😂😂😂😂
Haha.. Must richard mille or hublot
he's only earning $110,000, I understand the Rolex GMT master II but the two tone Daytona is above his pay grade. thats $25,000 in watches
There's a huge secondary market...especially in Asia...where people will often resell watches and luxury goods...
Look at you determining other people’s luxuries.... I’m assuming you make 110k as well to speak on it?
When 7 out of the top 10 comments feature Graham. Hahaha
Well wishes to you and the family.
being a pilot is soo cool but i would be scared 😩
"...especially on a brand called Rolex." Dude, everyone knows what a Rolex is.
bro representing🇳🇵
I came to hear the music Graham muted lol
You should do one on pipeline welders in the west oil fields. 6700 a week for welders
I can't wait until Graham watches this
You guys don’t understand that he showed well over 30k+ on just those two watches
Sell one or 2 watches and pay off all your debt my man, you’re doing so well. You can always buy them back with cash later on.
This guy is chill spends money wisely but still enjoys life
This guy is awesome! Inspiration anybody who can do it!
From a college graduate in the health care field IN the Tampa area, this is FAR FROM the average story.
First off, rents in the Bay Area have sky rocketed. Previously, I lived in a so-so area, in a crappy apartment complex to save for my house (which I purchased a year ago now). From 2015 through 2018, the rent went from $750 to $1300. That’s over $500 in 3 years! So having a $1082 rent for a townhome in Tampa, is pretty LUCKY! I’m pretty SURE I know the place where he lives. If that is the case, most of the residences aren’t townhomes. That place has a very, very, very, very long waiting list due to their cheap prices.
Tampa Bay isn’t known for being a place loaded with higher paying jobs. They exist. People do well here. The opportunities for such jobs and rapid advancement aren’t common hear (I rarely met a department director or administrator younger than their 40s). The AVERAGE college educated professional earns between $40-80k. The AVERAGE college professional here has between $25-70k in debt. The average rents for a two bedroom apartment goes anywhere from $1200-2200. Pending on which part of the Bay you are located, home prices average in the $200k in the northern counties (Hernando & Northern Pasco) to $300k and up in Pinellas, Hillsborough, and southern Pasco.
I have nothing against this gentlemen. In fact, I applaud him! I wish him nothing but the best. If you are offering advice for people on how to save their money, I feel it would be better do articles that are more realistic. Try a BSN (a nurse), an IT professional, and EVEN BETTER a teacher. I’m not hating. I just would like to see scenarios be more relatable.
What a difference the Income tax makes. I'm around the same annual salary in Canada and my take home is approx. $5000 a month after tax..
more videos like this! to inspire!
He seems like a very nice guy :)
YOU HAVE A GREAT LIFE RIGHT NOW!!! DON'T START A RESTAURANT! !!!!
Lol
True... I’ve seen people own restaurants and it is no joke
Graham won't be able to say anything that negative about this one. Except the food. And he better be using credit cards to get the points/cash back.
God bless you and your fiancée. Keep the hard work, it’s already starting to pay. Cheers!
Watching from Nepal ♥️
why do you say monthly spending and include saving? there’s a reason spending and saving are different words
Rent, $750 and in Florida. Is this man living a legal life
Great to see that he is supporting his parents but with such amount I would extend the support to more children in education. However Hemant seems great guy.
Has Graham seen this yet? No video yet?
@1:10 I know the neighborhood that its, it a place called Lake Carlton Arms (it it could be the other Carlton Arms place). How does he get $750 rent there????
Can’t wait for graham reaction
This series should be called The Millennial 1 Percent.
Graham, we need you!!!
0:01 makes a bunch of money but can’t afford a mid-end motorbike helmet
That watch collection
Awww i’m so happy for him
Nepali married to a Pole...."Only in America, dreaming in Red, White, and Blue!"
Hemant bro u rock :) lotsa love from all of us in Nepal :)
I like the Graham videos better reaction to the millennial money
The BLNR is my dream watch. I've been waiting over a year for it.
Dumplings sounds great!
My man, Graham, will have a lot of respect for him.
who is Graham?
Join ROTC in college. Graduate with a commission and no debt. Do your time and get flight trained. Become a pilot in private sector Airlines or Another.
Waiting for Grahams video to watch it
I watched Graham’s before I came her ! Please make more f these it helps me as a college student
Dream job flying the 747
Good to see Nepali guy on CNBC, I am pretty sure Graham Stephan must be proud of this guy. Personal suggestion to Hemanta do not sell dumplings. (Mo-mo)
I think you should interview me lol
Started career with 100$ and month in India and now earn 240k a year and wife works too and still can’t afford and house in Bay Area
Move out
Then don’t move there... don’t understand why people want to move to places that have been so over saturated.
I live on $900 a month in Texas.
I miss horror financial stories
$110k a year is not millenial money. Make it about $30k then you've got a story.
@Dr.'sorders ok Tru Tru lol me too. But we aren't getting above 100k
@@th3thrilld3m0n actually plenty of millennials are make 100k plus. All of my friends and myself are. It just depends on what field you go into and where you live. Soon you will get there too!
@@DOOGAART what field do you and your friends work in if I may ask?
@@lordavatar6256 I'm actually an artist. Lol I know most ppl think starving artist, but art actually does really well. 3 of my friends are developers. One is a ux designer. 1 is a loan officer.
Great man take care of his family. Nice
800 on food , 750 on rent Graham should see this 😂😂😂
I believe it's for 2 people.
Saw a video of this series of some other guy who makes 200k+ climbing electric poles or something, and this pilot makes 110k?? wth man? How are salaries decided in the US?
you only need 3 percent down payment on an FHA mortgage. he could buy now.