What's your budget breakdown? We're looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money: cnb.cx/3OxbJ71
knowing how much money people make doesn't make you know how wealthy they are. For this you also need to know their living cost. For example in Canada right now a bunch of people make over 2000$ a month, thats sounds better then most Russians right? And yet, most Canadians with that salary are not only living a life drown in debts but a lot of them are homeless despite earning over 2000$ a month. Why? Because just the average rent is 2000$ per month. Thats not counting food, electric bills, gas and so on. And thats just average. In Vancouver a single empty room is able 4000$ per month.... They make 6 times more money then the Russian farmer and yet the Russian farmer that makes 330$ a month owns 100 times more assets then those Canadians.
Solar panels are not only expensive but they really aren't all that good. Instead buy a electric turbine generator or buy a gas generator and dismantle it to get the turbine. Its way cheaper. Then get some plombery pipes and it shaped like a Christmas cane. Get a large container like 2 by 2 meters or so. Half fill it with water. Fix the turbine above the water. Fill the cane like pipe of water and then lift it will blocking each end so water dont escape. Place the long end near the bottom of the container: at least 2 inch above the bottom and the shorter end on top of the turbine's water wheel. Open the longer end of the cane like pipe first (the one submerged in water) then open the shorter end and simply watch as the power of gravity makes water flow up the pipe and down on the turbine's water wheel generating endless energy. Just make sure to periodically refill the water container to compensate with evaporation because the water the lower part of the pipe isnt submerged anymore, the gravity water generator will stop working.. Advantage of this is you can have it anywhere, you don't need sunlight, wind, water stream nor fuel to make it work and its more efficient then wind and solar generators. And its cleaner for the environment. And the water used for it doesn't need to be clean either, it can be sea water or even waste water.
This entire video is flawed. If the individual makes 115K, his take home salary is 6,400$ per MONTH after state taxes. He spends 5K? and saves 3k? I understand this does not depict his AVERAGE spending each month and he clearly mentions that. This video does not accurately represent anything. What point are you trying to make in this video????????
I went to high school with Jae, he was an extremely nice guy, really humble and charismatic. I remember he was kind of in the popular "jock" group in high school and we had a class together, he was very nice to me even though I was that weird, quiet art girl that people often bullied. People like him are great teachers because they have such a warm heart.
Warm heart is priceless attribute. Bullies create such damage in the long run. I have overcome many and moved on to a free life. 🎈🎈🎈. It is nice to hear more about a kind person. Sounds like he is great match for teacher and coach.
I am loving the stories lately! So much more relevant and realistic. So many of us are taking care of parents financially and choosing to move back home to save. Well done Jae!
I love seeing Fullerton on the map and those involved within the community! Good for you Jae! I went to FUHS and I love seeing those better the city. Forget the noise, you’re saving so much.
I love this. I’m 30 and live at home. I’m not married yet so why not. In western culture this is frowned upon but this is so normal in other countries. I’m saving so much money and I’m helping my parents. We just needed a new HVAC system and it felt so good that I was able to help them. Life is expensive
Great plan young man! I like your aggressiveness in saving and the fact that you’re helping out your parents. You’re definitely on track to have a great future. I’m also Korean and quite older than you and had a similar plan when I was your age. The problem with a lot people is that they don’t know how to sacrifice at a young age and spot looking for quick financial gains. I wasn’t the smartest but I was always driven and got my work ethic from my Mother. My wife and I were able to retire before we turned 55 years old. You’re on track to do the same at the rate you are going. Thank you for sharing your story.
Honestly I’m living with my parents parents until I get married. It allows me to cash flow and save up for big life goals. He’s smart and should ignore the naysayers because they probably aren’t as smart with money as he is.
HS teacher here in NorCal since 2015 with an MA and I'm also "blown away" by the salary😅. Although my city's cost of living is higher than OC (according to trusty google), my salary is only 90k this year. According to our expired contract, I will have to teach 8 more years before reaching that sweet 102k. Definitely, living with supportive parents is the only way to continue doing what we love; teaching. My spouse and our two months old also love living with my parents so that's working well for us 😀
He is living the life he wants. I am happy for him. This is our society now. Moving back with parents after college. The delay on marriage, having kids, and buying home are all social economic realities now. This a trend that we are living in due to the wage not catching up with the cost.
Don't be delusional. I'm pretty sure he wants a family and place of his own. Society judges men for living with their parents, and by society I meant western women.
Why worry or even be concerned about what others think. If living with his parents offers him a chance to save aggressively while also providing more time with family and friends, who cares about other people’s opinions. It’s seems he has made some very pragmatic decisions that are smart. Saw a video about a 30 something infectious disease specialist doctor who makes over $300k a year who was on a YT channel for debt help because she decided she wanted to enjoy her success and live like a “baller”. She wanted to impress her friends 🙄🙄🙄🙄🙄
Yes I also don't see any wrong thing about it. You can save money , and also help with bill and med cost . Not mention you take care of the parent. It's normal , its call familie ;)
For those who aren't familiar with Orange county, CA it's quite expensive to live there. The average house price in the OC is $800K, gas price averages $5.75, but currently as of OCt. 6th it's $6.25. If you are renting an apartment in a decent area, you're looking at about well over $2K per month for a 2-bedroom apartment & that's not including utilities yet. Making $100K per year in OC area will barley give you a comfortable life. You still have to budget your spending & still drive a Civic or Camry.
…nothing wrong with driving either Camry or Civic w/ $100+K/yr salary. My last ‘98 Camry had over 385K miles on-the-clock until I decided to transition into a brand new BMW 5 series.
I make $200k, home and rentals all paid off in the SF Bay area. I have never ever bought a car over $50k until 6 months ago when I bought my wife a new car at $52k, in cash. I don’t see anything wrong with driving Camrys or Civics.
I found appts for only 1500 for one bedroom and also some cheaper rental homes. I think you just have to look hard and make sure it is worth it. He may be able to find something affordable, but he most likely would have to drive a lot.
I think people are too focused on the cars. I live in the OC and the issue is here is the overall high cost of living and how 100K feels like minimum wage here when even condo's approach the 7 figure mark. And I drive a 12 year old Scion xB BTW 😂
@@aramesh428 This is false, most teacher don't get paid well, specially not based on how much education they need. Look at the salary schedules, most teachers in most places around the US make around 50K, with no annual raises. Even where he lives top pay is a bit over 100k after a PhD, he does not have a PhD. He must be hired through a sports program, because coaches in certain leagues can make millions of dollars. NYC tends to be one of the best places where teachers get paid and they reach 100k after 8 years of teaching and 8 years of school (BS. MS. PhD).
@@colombiantom It completely depends upon where you live. Every state is different, every local school district offers different compensation. I’m a retired teacher and have many teachers among my friends and family. All are making well over 50,000 a year in the middle US states, but yes, most have taken advantage of opportunities to get at least a masters degree or certification in something like becoming a Reading Specialist. Many of them do something after school &/or in the summer for extra income in the years when they want it, just like this young man. There are many opportunities for tutoring, coaching, giving lessons on nearly everything from tennis to piano or violin. Some of my friends and relatives pursue other activities in the summer, many of which bring additional income. Some do something through the year, such as working on crafts they enjoy making, then selling them at summer festivals or fall holiday fairs, or being a cake decorator for special occasions, or a baker who sells at a Saturday farmers market etc. So it is completely up to where you choose to live, where you choose to work, and what type of lifestyle you choose. Several of my friends work in cities with good teacher pay, but live 5 - 20 miles outside the city in a less expensive area. If you choose to not go into debt, and to live within your budget so that you can save up money, teachers can really do quite well!
@@colombiantom The teachers that don't get paid well and have to take second jobs as bartenders and Uber drivers live in states where there's no union presence. Here in CA, all public school districts are unionized which means better pay and better benefits. Our public school teachers are paid a decent salary because they have union representation.
Not really. That should be the bare minimum in California for a mid career teacher. LAUSD maxes out at 119,000. If anyone thinks that is a good salary for giving 30 years of your life needs to come see how expensive it is to live in California especially LA county. 🙄
There is no shame in living with your parents. I make about 120K/year in Orange County and i had to live with my parents for 5 years to save a sizable down payment for a home in the OC.
Great story! ❤ awesome and inspiring to hear about someone who is truly passionate about teaching and coaching. Those students will remember you forever 😊
There is nothing wrong living at home in your 30s as long you’re not freeloading and you are making progress leveling yourself up to one day move out and be self sufficient. I done it. Leveled up my IT certs, provided more value at work which resulted into large pay increases and promotions. Saved money, paid off old debt and was able to pay for a wedding and buy a house.
I agreed with the strategy of moving back home or getting a roommate for financial purposes. Especially, in this economy currently, and in ATL where 12,000 people are getting evicted from their homes. Why go in alone right now when you could have support, build and save then take on the world.
Here in Atlanta for sure because the rent prices are so much higher but salaries haven’t moved much. A wave of people coming down here from more expensive areas willing to pay more have impacted the market significantly. They think “that’s not bad or it’s cheap” to them.
I’m an Asian American man and I also teach high school. After 13 years of teaching with an M. Ed right off the bat, I now make $103,000/ year. Extra income includes teaching 2 summer school sessions which brings in $4,800 (after tax) and coaching soccer which brings in another $2500 (stipend). Life is great as a teacher and I live in one of the most affordable BLUE states in the midwest. Also, can’t complain about a year salary being paid into 10 months (21 paychecks), for only 9 months worth of work 🤓.
He's not living with his parents like the american stereotype, they are all living together respectfully. You can tell they have love for each other and they all contribute to the household. This is the norm in other countries, the US is way behind on this practical and family-oriented structure.
May not be a multimillionaire any more without a career in finance. But he will earn 100k from now on, totally stable, and retire with a 80-100k pension every year, and unlike the Wall st bros. Will be happy with life.
This! I'm a 7th year teacher also, but am just under 70k in expensive ol Nashville. It takes discipline, but the best part is extensive traveling over breaks while still being able to save money. However, things would look a lot different were a husband and children to be in the picture, which I hope to have one day.
That’s a crazy salary. When I was a teacher less than 10 years ago I was making $30,000 a year. Maybe the school system should not be funded based on real estates taxes. Because it’s structured so teachers have a financial incentive to leave impoverished areas to go to more lucrative cities.
@@baldeagle4710 What you said is completely false. Out of the large school districts in CA, the highest wages are paid in Riverside and Long Beach with lower property values and income.
everyone's lives are so unique and different that one must figure out what works best for one's self and be contend with that choice. sounds like he did and we can all learn something from it.
I was making this amount 20 years ago (at age 31) but had my own 4 bedroom home, two cars and ample money for travels. And yes that was in California too. Fast forward to today, the earning amount is the same but how much can you purchase with it? He’s still saving and most likely will save for the next several years to get a home. This is a combination of high interest rates, excessive tax (sales, income and federal) and couple with a weak economy…keep voting for the same politicians and you’ll make $200k and still live in a rental.
Investing and trading are more than just having TA skills.there is a big component of discipline and emotional maturity,that one has to work on! Time in the market vs timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path
I think it’s brilliant to use brokerage advisor for investing! Prior to speaking with an advisor I was actually suffering an investing nightmare during the economic crash in March 2020. In summary, with the help of my advisor, I have so far grown my initial $120k investment to over $550k
I’d recommend investing in good projects after DYOR and DCA rather than going all in at once to ensure a good average. I don’t buy /trade just for the sake of it ,instead I sought the advice of a fiduciary financial advisor, Jessica Katherine Ellis who guides me through the process, I made £70,000 profits in my portfolio in Q2 2022
Honestly, I think the best way to scale up as a teacher is to create a really good course about what you know. It’s how my brother and his wife started making some Good money
Played ball against this guy in hs. He was a problem. If it weren’t for his injuries (think he had a couple surgeries), he’d be college bound for ball no doubt.
It is completely normal in Asian culture to live with parents until we are married. Because we value family and we value taking care of our parents. Unless American culture, where parents can’t wait to kick their children out of the house at 18 and their kids can’t wait to put their parents in nursing homes. Though there are some good Americans who value family as well. Some.
We often hear that teaching doesn't pay well, but this is a breath of fresh air. I'm happy that he's passionate on what he does. Teachers play a vital role so they need to be properly compensated
Don’t be fooled. This is Orange County-wealthy area. At 31, I made half this with a Master’s Degree in Chicago. Happy for him, but I with the country would level the playing field.
He’s only able to live like this because housing is taken care of, add inflation and cost of living, this really like 70k. Don’t be fooled by propaganda
@@wikim00 look of course it’s expensive to live in Orange County but you need to look at the fax that is still a very good income. Additionally, you need to realize most private employers, even in Orange County don’t pay anything close to that even with a bachelors degree doesn’t matter so he’s getting paid very well. Additionally, taken to consideration that he’s only working about 7 to 8 months a year. He has summers off he has weeks off during Christmas he has like six days off during Thanksgiving. He has a spring break off not to mention he gets to leave school and be off at 2:30 in the afternoon. What other job has that flexibility zero not to mention he gets a full pension, what other job gives out in the private sector about one percent of jobs most of them only give you a 401(k), however he’ll get a pension which is guaranteed monthly income for life
As the economy crisis keep rising, one needs to have different streams of income, as well as secure a profitable investment future. detailed diversified investment portfolio in the financial markets is needed to survive
It’s great how your driven, ambitious in your field and personal life. I also teach in Southern California. I’m a special education aid. My husband and I have rental properties. My plan is for my parents to be closer to us. If I weren’t married, I would so live with them. It could be concerning when men live with parents and aren’t driven to fulfill more or take care of their personal health. What’s visible amongst your other endeavors is that you have your career, have a social life, and a fit built. So you stand out. So keep up your great work ethic, ambitious mindset of saving and enjoying your parents company. The right lady that understands your vision will come along. Great story!
Dude under paid for Cali. I live in a town of 20 thousand in the Midwest, nearly all of the High school teachers are clearing 100k.. the majority of them are making 125k+ and the senior teachers make 150k+. Add to it they get 21 days of sick time on a 180 workday schedule. Come teach in Illinois, your money will go further and you’ll make more.
I love this. I don't frown on the fact that he is living with his parents. I think it's smart, and especially given the cost of living where they live. It also shows how close they are, and I love the fact that he wants to take care of his parents when they retire. Every situation differs but this is the way family should be if you are able. Kudod to him for living with his parents because I love going back home to visit but i don't think I could.
What an amazing man!! I knew he was a Christian by some of the phrases he used and by God’s Light shining through him✨ The woman he marries is blessed👏🏽
Wow $105k teaching 8 months a year OMG….that’s better than most all private employer jobs. Good luck finding a $105k job with just a bachelor degree and get off from work at 230
That maybe fine in America's richest County but it is not emblematic of teacher salaries throughout the country which start at less than a quarter of that.
This guy has one full time job and 2-3 part time jobs. Just because they’re always in the school system does not negate the fact that he has part time jobs to make the salary he makes. People seem to negate that fact even teachers themselves. 😡😡😡
You are so lucky your district pays well. In Hawaii, also with a high cost of living, NO ONE makes $110,000 as a regular teacher . . . even at age of retirement!
Im 29, earn $120k, no debt, single no kids. I do live in san diego and i got a "good" rent for 2.2k. sad. I put 13% of my income direct into 401k/roth. I still save each month. I cant live with parents since they are poor and far away. Ive been on my own since 17, poor first gen American. My dream is to have a small house here in San Diego and have a granny flat so if/when my parents need a place to stay they have a somewhat separate home and ill cover all the expenses. Im blessed for where i am at and like the little things of life. Could i splurge and go crazy, yes, but i dont. Mostly eat at home and drive a used 2016 Altima i bought cash.
Not a bad life at all. Dont listen to the haters who scorn you for living with your parents. Its so beneficial in more ways than just financial savings sometimes (aka, spending time with them while you still can)
It's not about hating him, it's about CNBC pushing a story about someone taking advantage of his privilege. What's the point? Most of us don't have his options.
He must be maxed out on units on his salary schedule because 6 figures as a teacher with only 7 years teaching experience is very rare even in Southern California... I'm a coach as well and we put in way more hours than the hourly rate of the stipend so it comes out to be less than $1 per hour for coaching an entire season. But we do it because we're dedicated to the sport.
guy really understands money. Was wondering what subject he teaches and he says it's math (after planning to teach English but the school changed his job, as I understand it...)
Impressive all he is doing. Good to see him tithe, save and invest and still do nice things for himself. and absolutely nothing with living with the parents if you are a responsible adult.
I live here in O.C. For anyone living in another part of the US thinking this is a nice salary, here it's just getting by. Your partner is going to have to work too, most likely. Rent for a decent 2 bdr is fast approaching $3K. 87 octane is at $5.50@ gal.
What’s sad is I graduated from this exact same high school in 2002 and my Econ teacher then Mr Schwartz (real nice guy and super cool dude) told us he made about 120k a year teaching and coaching water polo and teaching summer school. This was sunny hills high school the same school this guy is teaching at but this was 20 freaking years ago! They’ve haven’t given a raise in 20 years let that settle in
It depends on relationships, training, what examples they see in your community growing up, and on cultural values. In my primarily Anglo mid-US farming community, it’s quite common for young adults to live at home after they start working so they can save up money in order to purchase a house without going into debt when they get married. But of course most of them do start working and earning money as a young teenager, with their eyes on the future already. They have good financial literacy from a young age by being included in financial decisions regarding the family business, farm, budget planning etc. In my church community it is also common to see young adults helping to pay some of the expenses of their older parents if that is needed, like this good son is doing. So what your children learn depends on what they experience as you raise them. What culture is your family immersed in? We are a multigenerational faith community of Brethren who have always enjoyed doing things with all the generations together, most of the time. Sure, the young people sometimes have their own camping or canoeing trip, or participate in their own service projects such as helping to go clean up or rebuild after natural disasters. But it is very common for us to all get together for work projects to help each other or our neighbors, or go to a park as a church group, have a cookout, a singing and play games together with all ages. Certainly most of the older ones are not playing volleyball or the more rough sports anymore, but we can still enjoy watching! We are happy to support our young people until they are well able to support themselves. We do not want to see them isolated, stressed, unhealthy and overwhelmed by debt- so we gladly do our best to help them avoid that. Most of our young people do choose to live at home while attending college or technical school, and do some type of work at the same time in order to save up as much money as possible. Some of our young people have started up businesses as teenagers instead of going to university, and they have been very successful! More than half of the members of my church are self-employed and have their own businesses, many of the others work for those businesses. There is a deep lack and great need of skilled trades in the United States right now, and several of our young people are learning these trades rather than white-collar jobs. People are always going to need a plumber, an electrician, a master mechanic to fix your car etc. You might be amazed how much some of these guys make!
So, you’re basically saying everyone will get married and buy a home after working a few years while living at their parents home. He’s 31 and making enough to live on his own, bout he chooses to live with his parents and adult siblings. It’s fine, but I’m pretty sure he will move out and who knows if he will choose to get married? That’s not the normal way of thinking for most folks in their 30’s. I know from experience. And also you can get married without having kids. A majority of my friends who are married chose to not have children. That’s okay, it might not fit into your old-fashioned mindset, but it’s reality.
@fishercourt you must not be Asian. Multigeneration family households are normal. That's why you'll rarely (if ever) see elderly Asians in a nursing home
Good for him! Don’t forget that California teachers have higher salaries because they are unionized. Everywhere is crazy. In Alabama and Mississippi, you can make $40k with a masters?!
@@arex9000 That’s right! There is a teacher shortage almost everywhere right now, so teachers can choose where to live and what lifestyle & income they want. But not every state has a good teacher benefits system, nor good pension. (For example, the teacher retirement system in California has really been dishonest with and not provided my elderly aunt what they said they would, after she taught there 35 years.) When you are young you might want to move around and try living in a few different places; but in most states you need to live there and work in the same state quite a long time (like 30 or more years in many states!) before you can retire at a pension level that will support you and offer full benefits after retirement.
@@noahremnek3615 Not all states allow teachers to unionize. Honestly, I wouldn’t want to be a teacher. Who wants to get shot and vilified by someone’s brat. Your kids are not special. At the end of the day, it’s a job.
@@DiamondFlame45 Every state has teacher’s unions. Maybe some unions are weaker than others but that is besides the point. Banning employees from joining a union is illegal because you have a right to assemble and organize.
What's your budget breakdown? We're looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money: cnb.cx/3OxbJ71
knowing how much money people make doesn't make you know how wealthy they are. For this you also need to know their living cost. For example in Canada right now a bunch of people make over 2000$ a month, thats sounds better then most Russians right? And yet, most Canadians with that salary are not only living a life drown in debts but a lot of them are homeless despite earning over 2000$ a month. Why? Because just the average rent is 2000$ per month. Thats not counting food, electric bills, gas and so on. And thats just average. In Vancouver a single empty room is able 4000$ per month.... They make 6 times more money then the Russian farmer and yet the Russian farmer that makes 330$ a month owns 100 times more assets then those Canadians.
Solar panels are not only expensive but they really aren't all that good. Instead buy a electric turbine generator or buy a gas generator and dismantle it to get the turbine. Its way cheaper. Then get some plombery pipes and it shaped like a Christmas cane. Get a large container like 2 by 2 meters or so. Half fill it with water. Fix the turbine above the water. Fill the cane like pipe of water and then lift it will blocking each end so water dont escape. Place the long end near the bottom of the container: at least 2 inch above the bottom and the shorter end on top of the turbine's water wheel. Open the longer end of the cane like pipe first (the one submerged in water) then open the shorter end and simply watch as the power of gravity makes water flow up the pipe and down on the turbine's water wheel generating endless energy. Just make sure to periodically refill the water container to compensate with evaporation because the water the lower part of the pipe isnt submerged anymore, the gravity water generator will stop working.. Advantage of this is you can have it anywhere, you don't need sunlight, wind, water stream nor fuel to make it work and its more efficient then wind and solar generators. And its cleaner for the environment. And the water used for it doesn't need to be clean either, it can be sea water or even waste water.
This entire video is flawed. If the individual makes 115K, his take home salary is 6,400$ per MONTH after state taxes. He spends 5K? and saves 3k? I understand this does not depict his AVERAGE spending each month and he clearly mentions that. This video does not accurately represent anything. What point are you trying to make in this video????????
I went to high school with Jae, he was an extremely nice guy, really humble and charismatic. I remember he was kind of in the popular "jock" group in high school and we had a class together, he was very nice to me even though I was that weird, quiet art girl that people often bullied. People like him are great teachers because they have such a warm heart.
Warm heart is priceless attribute. Bullies create such damage in the long run. I have overcome many and moved on to a free life. 🎈🎈🎈. It is nice to hear more about a kind person. Sounds like he is great match for teacher and coach.
Did you go to Sunny Hills and graduate in 2010?
I went to high school with Jae. He was always into basketball. Unlike the popular "jocks", he was always down to earth and chill.
I went to high school with this guy! He hit so many game winners on the varsity squad. Great guy still doing great things in our hometown.
Solid man, solid plan. Very respectful - his values towards his parents, and how he spends his money and time.
I am loving the stories lately! So much more relevant and realistic. So many of us are taking care of parents financially and choosing to move back home to save. Well done Jae!
This is amazing! Huge props to Jae
I love seeing Fullerton on the map and those involved within the community! Good for you Jae! I went to FUHS and I love seeing those better the city. Forget the noise, you’re saving so much.
@@VictorGuerrero-th9rf clearly you do enough to take the time to respond to my comment 😂
Played against Jae back during my intramural basketball days. Such a winner on the court and off. Mad props to Jae!
nothing wrong with living with your parents. it makes financial sense to save money when/wherever you can. especially in california
Won't be dating him. lol
@@y.r.9401that’s fine, his values wouldn’t align with someone who doesn’t understand
you are obviously a person who doesn't understand@@y.r.9401
@@y.r.9401 women are a money drain so he probably doesn't caare.
@@y.r.9401enjoy your cats.
I love this. I’m 30 and live at home. I’m not married yet so why not. In western culture this is frowned upon but this is so normal in other countries. I’m saving so much money and I’m helping my parents. We just needed a new HVAC system and it felt so good that I was able to help them. Life is expensive
I think it’s admirable how Asian families live. This son has so much respect for his parents.
Great plan young man! I like your aggressiveness in saving and the fact that you’re helping out your parents. You’re definitely on track to have a great future. I’m also Korean and quite older than you and had a similar plan when I was your age. The problem with a lot people is that they don’t know how to sacrifice at a young age and spot looking for quick financial gains. I wasn’t the smartest but I was always driven and got my work ethic from my Mother. My wife and I were able to retire before we turned 55 years old. You’re on track to do the same at the rate you are going. Thank you for sharing your story.
I went to HS with this dude. He was always hardworking and a nice dude. I’m glad he’s doing well in life.
Honestly I’m living with my parents parents until I get married. It allows me to cash flow and save up for big life goals. He’s smart and should ignore the naysayers because they probably aren’t as smart with money as he is.
HS teacher here in NorCal since 2015 with an MA and I'm also "blown away" by the salary😅. Although my city's cost of living is higher than OC (according to trusty google), my salary is only 90k this year. According to our expired contract, I will have to teach 8 more years before reaching that sweet 102k.
Definitely, living with supportive parents is the only way to continue doing what we love; teaching. My spouse and our two months old also love living with my parents so that's working well for us 😀
He's my friend!! im the guy stuffing his face with the fries! SUPER PROUD JAE!
He is living the life he wants. I am happy for him.
This is our society now. Moving back with parents after college. The delay on marriage, having kids, and buying home are all social economic realities now. This a trend that we are living in due to the wage not catching up with the cost.
Don't be delusional. I'm pretty sure he wants a family and place of his own. Society judges men for living with their parents, and by society I meant western women.
Lack of productivity is the cause. Need huge advancements in making the costs of building cheaper.
@BlowitAllUp since when were westerners intelligent at all
They don't even know what they talking about
So happy for you!👏🏼Well deserved he works hard as a teacher and such an admirable thing to be there for his parents in multiple ways.
You are a responsible adult spending extra time with your lovely parents and spending wisely.....keep doing you!!
okay somebody husband this guy up!! Solid finances, dedicated to parents, church-going, meaningful job that he loves, what's not to like??
nah, if he's smart, he avoids marriage. leave the paperwork and lawyers out of it.
He doesnt have his own house and he lives with his parents still.
Crazy, but that's why
Does every nice guy need to be married ? What if that is not in his life goals? 😢
@@a.humanrightsactivist B/C a lot of not so great & terrible guys are!
I really don't understand this thing, why do you assume that everyone is religious and likes religion? 😂
Jae seems like such a nice guy! He shows so much love and respect for his parents. Wishing him all the best! :)
Why worry or even be concerned about what others think. If living with his parents offers him a chance to save aggressively while also providing more time with family and friends, who cares about other people’s opinions. It’s seems he has made some very pragmatic decisions that are smart. Saw a video about a 30 something infectious disease specialist doctor who makes over $300k a year who was on a YT channel for debt help because she decided she wanted to enjoy her success and live like a “baller”. She wanted to impress her friends 🙄🙄🙄🙄🙄
I am Asian and most Asian children do live with their parents until they get married. If he works close by I don’t see any issue.
Yes I also don't see any wrong thing about it. You can save money , and also help with bill and med cost . Not mention you take care of the parent. It's normal , its call familie ;)
@@justynaq1254 exactly. But it seems like in Western culture it is a shame to live with parents?
@@jml9550 Unfortunately yes. To such an extent that sometimes older people do not have anything to eat because children are not interested in them.
@@justynaq1254 that’s unfortunate and somewhat sad to hear.
I’m married to an Asian man and we live with his mom she doesn’t want us to move out because she would rather us save up money and travel
44k for solar panels is the only crazy thing
yeah, he overpaid for those but did everything else right
For those who aren't familiar with Orange county, CA it's quite expensive to live there. The average house price in the OC is $800K, gas price averages $5.75, but currently as of OCt. 6th it's $6.25. If you are renting an apartment in a decent area, you're looking at about well over $2K per month for a 2-bedroom apartment & that's not including utilities yet. Making $100K per year in OC area will barley give you a comfortable life. You still have to budget your spending & still drive a Civic or Camry.
…nothing wrong with driving either Camry or Civic w/ $100+K/yr salary. My last ‘98 Camry had over 385K miles on-the-clock until I decided to transition into a brand new BMW 5 series.
I couldn’t imagine how the classified staff survive.
I make $200k, home and rentals all paid off in the SF Bay area. I have never ever bought a car over $50k until 6 months ago when I bought my wife a new car at $52k, in cash. I don’t see anything wrong with driving Camrys or Civics.
I found appts for only 1500 for one bedroom and also some cheaper rental homes. I think you just have to look hard and make sure it is worth it. He may be able to find something affordable, but he most likely would have to drive a lot.
I think people are too focused on the cars.
I live in the OC and the issue is here is the overall high cost of living and how 100K feels like minimum wage here when even condo's approach the 7 figure mark.
And I drive a 12 year old Scion xB BTW 😂
115k as a teacher. That is great .
Most teachers I know are well paid. It's a myth that gets perpetuated that teaching isn't a well-paid profession.
@@aramesh428 This is false, most teacher don't get paid well, specially not based on how much education they need. Look at the salary schedules, most teachers in most places around the US make around 50K, with no annual raises. Even where he lives top pay is a bit over 100k after a PhD, he does not have a PhD. He must be hired through a sports program, because coaches in certain leagues can make millions of dollars. NYC tends to be one of the best places where teachers get paid and they reach 100k after 8 years of teaching and 8 years of school (BS. MS. PhD).
@@colombiantom It completely depends upon where you live. Every state is different, every local school district offers different compensation. I’m a retired teacher and have many teachers among my friends and family. All are making well over 50,000 a year in the middle US states, but yes, most have taken advantage of opportunities to get at least a masters degree or certification in something like becoming a Reading Specialist. Many of them do something after school &/or in the summer for extra income in the years when they want it, just like this young man. There are many opportunities for tutoring, coaching, giving lessons on nearly everything from tennis to piano or violin. Some of my friends and relatives pursue other activities in the summer, many of which bring additional income. Some do something through the year, such as working on crafts they enjoy making, then selling them at summer festivals or fall holiday fairs, or being a cake decorator for special occasions, or a baker who sells at a Saturday farmers market etc.
So it is completely up to where you choose to live, where you choose to work, and what type of lifestyle you choose. Several of my friends work in cities with good teacher pay, but live 5 - 20 miles outside the city in a less expensive area. If you choose to not go into debt, and to live within your budget so that you can save up money, teachers can really do quite well!
@@colombiantom The teachers that don't get paid well and have to take second jobs as bartenders and Uber drivers live in states where there's no union presence. Here in CA, all public school districts are unionized which means better pay and better benefits. Our public school teachers are paid a decent salary because they have union representation.
Not really. That should be the bare minimum in California for a mid career teacher. LAUSD maxes out at 119,000. If anyone thinks that is a good salary for giving 30 years of your life needs to come see how expensive it is to live in California especially LA county. 🙄
It’s encouraging to see a local Fullerton resident being showcased on a national scale.
There is no shame in living with your parents. I make about 120K/year in Orange County and i had to live with my parents for 5 years to save a sizable down payment for a home in the OC.
Great story! ❤ awesome and inspiring to hear about someone who is truly passionate about teaching and coaching. Those students will remember you forever 😊
Yea my starting teaching salary in south carolina was 39k... my county had the highest start salary.
Glad someone makes it work
There is nothing wrong living at home in your 30s as long you’re not freeloading and you are making progress leveling yourself up to one day move out and be self sufficient. I done it. Leveled up my IT certs, provided more value at work which resulted into large pay increases and promotions. Saved money, paid off old debt and was able to pay for a wedding and buy a house.
Beautiful Jae! Yes, block out the noise and keep going! ❤
The guy loves and takes care of his family. Take notice: this is the guy you want to date and marry.
coaches don't get paid enough. i hope the kids don't take him for granted.
indeed! and after a full day of teaching, coaching is pretty tiring.
Teachers in any us state need to make 75k or higher
Much higher
@@inthevault9603How about million a year? Teaching is not rocket science. This is a good income already. That call greed
That's after a few years. I knew he had parent help to live. I am so glad he has a home, utilities and a car.
This young man has a great budgeting mantra and is very goal set. Wish him the best.
ZOT ZOT! UCI representing. Respectable man giving back to his community and his family.
We need more male teachers to provide a great role model.
I agreed with the strategy of moving back home or getting a roommate for financial purposes. Especially, in this economy currently, and in ATL where 12,000 people are getting evicted from their homes. Why go in alone right now when you could have support, build and save then take on the world.
Here in Atlanta for sure because the rent prices are so much higher but salaries haven’t moved much. A wave of people coming down here from more expensive areas willing to pay more have impacted the market significantly. They think “that’s not bad or it’s cheap” to them.
I’m an Asian American man and I also teach high school. After 13 years of teaching with an M. Ed right off the bat, I now make $103,000/ year. Extra income includes teaching 2 summer school sessions which brings in $4,800 (after tax) and coaching soccer which brings in another $2500 (stipend). Life is great as a teacher and I live in one of the most affordable BLUE states in the midwest. Also, can’t complain about a year salary being paid into 10 months (21 paychecks), for only 9 months worth of work 🤓.
He's not living with his parents like the american stereotype, they are all living together respectfully. You can tell they have love for each other and they all contribute to the household. This is the norm in other countries, the US is way behind on this practical and family-oriented structure.
May not be a multimillionaire any more without a career in finance. But he will earn 100k from now on, totally stable, and retire with a 80-100k pension every year, and unlike the Wall st bros. Will be happy with life.
My old high school. Love it 🎉
What an amazing guy. Awesome story.
He’s saving well because he’s not dating a girl in OC. That’ll drain the savings real quick
Brodie is humble 👍🏽
This! I'm a 7th year teacher also, but am just under 70k in expensive ol Nashville. It takes discipline, but the best part is extensive traveling over breaks while still being able to save money. However, things would look a lot different were a husband and children to be in the picture, which I hope to have one day.
Thank you for your Service. May God bless you.
it's tough but the only way we will make it today in this world is by working togather as in unity.
He works for one of the highest paying districts. Most teachers with similar experience as him make 10k to 20k less in the same area.
Love the energy this guy gives!
That’s a crazy salary. When I was a teacher less than 10 years ago I was making $30,000 a year.
Maybe the school system should not be funded based on real estates taxes. Because it’s structured so teachers have a financial incentive to leave impoverished areas to go to more lucrative cities.
Where did you live
@@shayslay3416 inland empire california
That's not the case in California. There's equalization funding. Teacher salary is higher in poorer areas compared to rich areas.
@@gamesguy that's completely false. wealthier neighborhoods have higher salaries. why do you think LAUSD pay is so low?
@@baldeagle4710 What you said is completely false. Out of the large school districts in CA, the highest wages are paid in Riverside and Long Beach with lower property values and income.
everyone's lives are so unique and different that one must figure out what works best for one's self and be contend with that choice. sounds like he did and we can all learn something from it.
I was making this amount 20 years ago (at age 31) but had my own 4 bedroom home, two cars and ample money for travels. And yes that was in California too. Fast forward to today, the earning amount is the same but how much can you purchase with it? He’s still saving and most likely will save for the next several years to get a home. This is a combination of high interest rates, excessive tax (sales, income and federal) and couple with a weak economy…keep voting for the same politicians and you’ll make $200k and still live in a rental.
Crypto user could top 1B by the end of 2023 as nations continue to adopt Bitcoin Buy the dip, and HODLfor the long term .Bitcoin Always comes back.
Investing and trading are more than just having TA skills.there is a big component of discipline and emotional maturity,that one has to work on! Time in the market vs timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path
How come someone who is just starting out navigate the crypto space ? I don’t have the heart to see the bulk of my portfolio go from green to red.
I think it’s brilliant to use brokerage advisor for investing! Prior to speaking with an advisor I was actually suffering an investing nightmare during the economic crash in March 2020. In summary, with the help of my advisor, I have so far grown my initial $120k investment to over $550k
Impressive can you share more info?
I’d recommend investing in good projects after DYOR and DCA rather than going all in at once to ensure a good average. I don’t buy /trade just for the sake of it ,instead I sought the advice of a fiduciary financial advisor, Jessica Katherine Ellis who guides me through the process, I made £70,000 profits in my portfolio in Q2 2022
Honestly, I think the best way to scale up as a teacher is to create a really good course about what you know. It’s how my brother and his wife started making some
Good money
If you’re interested I can direct you to how he did it though
What did they teach exactly
@@skyhappy computer science
@@onweze1781 what part of it exactly and where did they sell kt
Played ball against this guy in hs. He was a problem.
If it weren’t for his injuries (think he had a couple surgeries), he’d be college bound for ball no doubt.
It is completely normal in Asian culture to live with parents until we are married. Because we value family and we value taking care of our parents.
Unless American culture, where parents can’t wait to kick their children out of the house at 18 and their kids can’t wait to put their parents in nursing homes.
Though there are some good Americans who value family as well. Some.
Mexican-American culture is the same way. Super family-oriented.
By living with his parents, this guy is saving over $10k a year in rent alone. Not a bad idea if you're not married!
As a Californian more like $30,000 a year 😭😭😭
We often hear that teaching doesn't pay well, but this is a breath of fresh air. I'm happy that he's passionate on what he does. Teachers play a vital role so they need to be properly compensated
Agree !! 👍🏻
Don’t be fooled. This is Orange County-wealthy area. At 31, I made half this with a Master’s Degree in Chicago. Happy for him, but I with the country would level the playing field.
He’s only able to live like this because housing is taken care of, add inflation and cost of living, this really like 70k. Don’t be fooled by propaganda
It’s very expensive to live in oc
@@wikim00 look of course it’s expensive to live in Orange County but you need to look at the fax that is still a very good income. Additionally, you need to realize most private employers, even in Orange County don’t pay anything close to that even with a bachelors degree doesn’t matter so he’s getting paid very well. Additionally, taken to consideration that he’s only working about 7 to 8 months a year. He has summers off he has weeks off during Christmas he has like six days off during Thanksgiving. He has a spring break off not to mention he gets to leave school and be off at 2:30 in the afternoon. What other job has that flexibility zero not to mention he gets a full pension, what other job gives out in the private sector about one percent of jobs most of them only give you a 401(k), however he’ll get a pension which is guaranteed monthly income for life
As the economy crisis keep rising, one needs to have different streams of income, as well as secure a profitable investment future. detailed diversified investment portfolio in the financial markets is needed to survive
Same here, I earn $13,000 a week. GOD bless Mrs Letton Deb she has been a blessing to
my family
Her trading income stream is mind blowing, I also trade with her. I've made $26,500 so far trading with her guidance/advice
Oh 🥹 how can someone get to speak with Mrs Letton Deb?
It’s great how your driven, ambitious in your field and personal life. I also teach in Southern California. I’m a special education aid. My husband and I have rental properties. My plan is for my parents to be closer to us. If I weren’t married, I would so live with them.
It could be concerning when men live with parents and aren’t driven to fulfill more or take care of their personal health. What’s visible amongst your other endeavors is that you have your career, have a social life, and a fit built. So you stand out. So keep up your great work ethic, ambitious mindset of saving and enjoying your parents company. The right lady that understands your vision will come along. Great story!
If your living in California. Its okay to live with your parents. Its super expensive. Specially if your single!
Do you live with your parents in California
Living at home is a gamechanger.
Dude under paid for Cali. I live in a town of 20 thousand in the Midwest, nearly all of the High school teachers are clearing 100k.. the majority of them are making 125k+ and the senior teachers make 150k+. Add to it they get 21 days of sick time on a 180 workday schedule. Come teach in Illinois, your money will go further and you’ll make more.
I love this. I don't frown on the fact that he is living with his parents. I think it's smart, and especially given the cost of living where they live. It also shows how close they are, and I love the fact that he wants to take care of his parents when they retire. Every situation differs but this is the way family should be if you are able. Kudod to him for living with his parents because I love going back home to visit but i don't think I could.
Shut out the noise and distractions! Love the hustle.
What an amazing man!! I knew he was a Christian by some of the phrases he used and by God’s Light shining through him✨ The woman he marries is blessed👏🏽
Good morals. Good values. Great job, parents for raising a good dude 🤙🏽
Wow $105k teaching 8 months a year OMG….that’s better than most all private employer jobs. Good luck finding a $105k job with just a bachelor degree and get off from work at 230
That maybe fine in America's richest County but it is not emblematic of teacher salaries throughout the country which start at less than a quarter of that.
Lol name one place where teacher salary starts at 30k.
He's making the California average for teachers.
@@gamesguymany teachers in Tulsa OK starting salary is $35,000.
@@deino4753 False. $44.7k is the absolute lowest starting salary for Tulsa Public school district teachers.
@@gamesguy false, emergency certified teachers are only paid $35000.
Also emergency certified teachers make up 7% of all teachers in Tulsa Public Schools, so a sizable portion of teachers in Tulsa make only $35,000.
In every culture but Western it is common for children to live at home for longer than what’s seen as acceptable. It pays off in the end!
Congrats to him! And I think he would make for a GREAT administrator. 😊 Tfs
Wow this kid lives with his parents. How is this a real conversation. Talk to ppl really doing it.
You are POWERFUL
YOU are a good person - impressed.
Fullerton in da house! Goh Wye Mun would be proud.
This is awesome!
This guy has one full time job and 2-3 part time jobs. Just because they’re always in the school system does not negate the fact that he has part time jobs to make the salary he makes. People seem to negate that fact even teachers themselves. 😡😡😡
You are so lucky your district pays well. In Hawaii, also with a high cost of living, NO ONE makes $110,000 as a regular teacher . . . even at age of retirement!
Im 29, earn $120k, no debt, single no kids. I do live in san diego and i got a "good" rent for 2.2k. sad. I put 13% of my income direct into 401k/roth. I still save each month. I cant live with parents since they are poor and far away. Ive been on my own since 17, poor first gen American. My dream is to have a small house here in San Diego and have a granny flat so if/when my parents need a place to stay they have a somewhat separate home and ill cover all the expenses. Im blessed for where i am at and like the little things of life. Could i splurge and go crazy, yes, but i dont. Mostly eat at home and drive a used 2016 Altima i bought cash.
all respect to you coach byun
Not a bad life at all. Dont listen to the haters who scorn you for living with your parents. Its so beneficial in more ways than just financial savings sometimes (aka, spending time with them while you still can)
It's not about hating him, it's about CNBC pushing a story about someone taking advantage of his privilege. What's the point? Most of us don't have his options.
He must be maxed out on units on his salary schedule because 6 figures as a teacher with only 7 years teaching experience is very rare even in Southern California... I'm a coach as well and we put in way more hours than the hourly rate of the stipend so it comes out to be less than $1 per hour for coaching an entire season. But we do it because we're dedicated to the sport.
guy really understands money. Was wondering what subject he teaches and he says it's math (after planning to teach English but the school changed his job, as I understand it...)
3:13 boy absolutely shanked it LOL
115 k isn't wealthy in oc California
He must've been the exception bc I have never heard of anyone making 6 figures solely as a teacher, including both of my parents
Impressive all he is doing. Good to see him tithe, save and invest and still do nice things for himself.
and absolutely nothing with living with the parents if you are a responsible adult.
I live here in O.C.
For anyone living in another part of the US thinking this is a nice salary, here it's just getting by. Your partner is going to have to work too, most likely.
Rent for a decent 2 bdr is fast approaching $3K.
87 octane is at $5.50@ gal.
What’s sad is I graduated from this exact same high school in 2002 and my Econ teacher then Mr Schwartz (real nice guy and super cool dude) told us he made about 120k a year teaching and coaching water polo and teaching summer school. This was sunny hills high school the same school this guy is teaching at but this was 20 freaking years ago! They’ve haven’t given a raise in 20 years let that settle in
$115k as a teacher is still doing pretty good in socal.
Nice work Jae!
Great at basketball. Even better human.
what a good son! I hope mine will do that for me….. wishful thinking
It depends on relationships, training, what examples they see in your community growing up, and on cultural values.
In my primarily Anglo mid-US farming community, it’s quite common for young adults to live at home after they start working so they can save up money in order to purchase a house without going into debt when they get married. But of course most of them do start working and earning money as a young teenager, with their eyes on the future already. They have good financial literacy from a young age by being included in financial decisions regarding the family business, farm, budget planning etc.
In my church community it is also common to see young adults helping to pay some of the expenses of their older parents if that is needed, like this good son is doing. So what your children learn depends on what they experience as you raise them. What culture is your family immersed in?
We are a multigenerational faith community of Brethren who have always enjoyed doing things with all the generations together, most of the time. Sure, the young people sometimes have their own camping or canoeing trip, or participate in their own service projects such as helping to go clean up or rebuild after natural disasters. But it is very common for us to all get together for work projects to help each other or our neighbors, or go to a park as a church group, have a cookout, a singing and play games together with all ages. Certainly most of the older ones are not playing volleyball or the more rough sports anymore, but we can still enjoy watching!
We are happy to support our young people until they are well able to support themselves. We do not want to see them isolated, stressed, unhealthy and overwhelmed by debt- so we gladly do our best to help them avoid that. Most of our young people do choose to live at home while attending college or technical school, and do some type of work at the same time in order to save up as much money as possible.
Some of our young people have started up businesses as teenagers instead of going to university, and they have been very successful! More than half of the members of my church are self-employed and have their own businesses, many of the others work for those businesses.
There is a deep lack and great need of skilled trades in the United States right now, and several of our young people are learning these trades rather than white-collar jobs. People are always going to need a plumber, an electrician, a master mechanic to fix your car etc. You might be amazed how much some of these guys make!
So, you’re basically saying everyone will get married and buy a home after working a few years while living at their parents home. He’s 31 and making enough to live on his own, bout he chooses to live with his parents and adult siblings. It’s fine, but I’m pretty sure he will move out and who knows if he will choose to get married? That’s not the normal way of thinking for most folks in their 30’s. I know from experience. And also you can get married without having kids. A majority of my friends who are married chose to not have children. That’s okay, it might not fit into your old-fashioned mindset, but it’s reality.
entitled thinking
@fishercourt you must not be Asian. Multigeneration family households are normal. That's why you'll rarely (if ever) see elderly Asians in a nursing home
It’s a cultural thing.
Wow that is a super high salary for teaching
Good for him! Don’t forget that California teachers have higher salaries because they are unionized. Everywhere is crazy. In Alabama and Mississippi, you can make $40k with a masters?!
also if california was 40k, there would be no teachers at all
@@arex9000 That’s right! There is a teacher shortage almost everywhere right now, so teachers can choose where to live and what lifestyle & income they want. But not every state has a good teacher benefits system, nor good pension. (For example, the teacher retirement system in California has really been dishonest with and not provided my elderly aunt what they said they would, after she taught there 35 years.)
When you are young you might want to move around and try living in a few different places; but in most states you need to live there and work in the same state quite a long time (like 30 or more years in many states!) before you can retire at a pension level that will support you and offer full benefits after retirement.
Teachers are unionized in almost every public school. California has a high GDP per capita.
@@noahremnek3615 Not all states allow teachers to unionize. Honestly, I wouldn’t want to be a teacher. Who wants to get shot and vilified by someone’s brat. Your kids are not special. At the end of the day, it’s a job.
@@DiamondFlame45 Every state has teacher’s unions. Maybe some unions are weaker than others but that is besides the point. Banning employees from joining a union is illegal because you have a right to assemble and organize.
can you guys make a video on someone who is making 15k a year ?
th-cam.com/video/ibeVd7pwKF4/w-d-xo.htmlfeature=shared