How I Went From Prison To Making $150K In Orlando | Millennial Money
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- เผยแพร่เมื่อ 3 มิ.ย. 2024
- After being incarcerated and charged with a felony at the age of 16 for nearly two years, Marquis Mckenzie Sr. was hopeless about his future career prospects. The 32-year-old now brings in about $150,000 a year as a business owner and community organizer in Orlando, Florida.
This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.
Produced by: Tasia Jensen
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I can’t wait to hear for you. I submitted a story ❤
09:24 "your past does not define your future" yet so many black people are pointing fingers at white folks for things that occurred centuries ago 🙄
I applied! Hopefully I will have a chance to share my story!!
@Repent and believe in Jesus Christ Praise be!
His Monthly Costs are Way to High for Phone @ $823 per month, that's super too high. And Car per month @ $1,929 way too high, and Housing/Utilities Cost per month @ $3,524 way too high. Plus some Discretionary costs of a whopping $3,076
His cost of living is not property balanced, thus making that $150k annual salary not hit the bank so strongly.
All he has to do is reduce these unnecessary high costs.
And his $77 usd per month savings would be more like $5,000 USD per month savings.
Glad that he turned his life around and helping others in his community. I pray that he gets on a detailed budget and a good financial advisor immediately.
He actually does have a detailed budget. Most of his monies are going towards growing his business and daily living expenses for his family. Also, a lot of his expenses are tax deductible because he is a business owner.
@@DrCareyYazeedTV he actually said I'm the video that he doesn't really have a budget. There is a difference in having a budget and putting money toward your businesses and tax write offs.
Right? If he got a car that was half the price, he would have 1000 right there to save.
@@amonique calm down... Thx
I hope so too. All it takes is 1 unlucky event.
Great story. Hope he hires a financial advisor after this. His car definitely shouldn't be more then where he is staying. But he's still learning. Good job
I'm glad someone said this. I was thinking the same thing. He needs to re-budget ASAP.
This is a good point. We’re all doing the best we can with the knowledge we got.
Hopefully he gets plugged in to a financial advisor who is culturally competent enough to be relatable (The Budgegnista or Ro$$ Mac where y’all at?!) and help steer him on a path to financial stability and wealth.
Agreed
probably bought the car for an ego boost, definitely needs some advice on what to invest in first (like a home!)
He does run a business. He could be “writing off” some of that car and phone debt. Maybe…
I like how Marquis uses the term “returning citizens” instead of the other demeaning labels formerly incarcerated individuals get called. He shows them dignity in a way all individuals should be shown
He is the exception. Some of them did hard time. The past is often a good predictor of the future.
he deserves that label because he is a hard worker and turned his life around. very rare man indeed.
@@environmentalnews6040 people largely reoffend because the the barrier to reentry is high. With good rehabilitation programs, like Norway, you'll greatly reduce recidivism.
Convicted Persons isn't demeaning. Returning citizens just tries to downplay and obscure their past.
It's like a thief saying they want to be called a non-notifying borrower.
@@GameFuMaster lol “non notifying borrower” 😂😂😂
Thank you CNBC Make It for sharing Marquis' story. Please create more stories like his to show the humanism of people who have been incarcerated.
Agree!
Amen❤
You a whole baddie
Yes, these stories will give more people hope and possible decrease the recidivism rate.
I love the term “Returning Citizens”. He is doing so many beautiful things for his community. I hope nothing but blessings for him and his family. 💛💛
This is such an inspiring story! Marquis really turned his life around and his family’s life around. The next step is to get rid of the $2000/month car, the $823/month phone bill, and get a financial advisor ASAP. With his income, he should be investing/saving way more than $77/month. That is the way to long lasting success! Cheers to Marquis!
Agreed, I am literally scratching my head 3k in 401k...1.8k rent..2k auto??? That 2k could go towards a home wow just wow
Same thoughts.
You invest in real estate not vehicles.
why he have it in the first place? He got the newest benz just to pay for it so much?
Same exact thoughts
Please, get this productive, ambitious family man some financial planning advice, so that he and his family can continue to be a success story. His budget currently spells disaster, but it’s totally preventable if someone would help him budget more wisely.
Yea I was going to say the same thing
1000%. He's spending way too much.
I thought the same. Proud of this young man but his budget is out of control. I did some quick math based on the numbers he gave he is negative. It can be fixed but he needs help right away. Sell that car, reduce that discretionary spending to $1K, stop paying rent and move into the house he bought and start saving. Get your family secure first and then move on to helping the community.
Facts!! I make $107k a year and still drive my 2011 Chevy Surburban.. I’m attacking my student loans right now
This dude should be saving $3k a month atleasy instead with net income I think he's negative.
The fact that this man has a mortgage, purchased his childhood home but has decided to rent and use that home for others instead is more than wholesome and such a selfless act!!! I wish him nothing but the best for him and his family!! The justice system is horrific! Does our people completely wrong and just isn’t there for ppl to make it or come out feeling any better. This was beautiful to watch. He’s working hard! Not only for him family but others who need help! The community. He deserves all the praises! God bless him
Don’t be naive. Him having the connections and opportunity to turn it into a transitional housing is a huge financial gain for him.
Well he does spend too much on car though. And who knows what else is hidden in the discretionary spending? After taxes 150k is like 10k a month. If he is spending 12.5k is negative.
That $2k car payment is killer. It’s crazy to me that many Americans willingly spend more on car debt than housing expenses. Getting voting rights back to felons is important work.
There are no options for transportation transit in USA is terrible
Yeah, this shocked me. There are many cheaper options in cars. Cars are not assets and depreciate quickly. He'd better off with a regular car and a $300-$400 payment and save the or invest the rest.
He took a loan from 401k but pays 2k in car loans….unbelievable
Exactly @@ladydulaney
I am beyond happy at how this man has changed his life. I believe he will do even greater this if he get a financial advisor. It hurt me when I found out he withdrew $1,400 from his 401k for his business but has a $2,000 monthly Mercedes bill.
Grateful he turned his life around. I pray he finds a financial advisor like yesterday.
Everything about this story is inspiring from his past to his goals!!!! But there is absolutely no reason why a person is parking a $2k a month luxury vehicle in an apartment parking lot 🙅🏽♀️
Whether it’s a tax write off or not for sure that’s true put that $2k a month towards a house or something then get a MB after
He has a property that will generate income. Did you only watch half of the video? 🤔
@jaesimone I did thanks for asking that’s a transitional house he’s talking about later down the road he bought the car over a year ago is what I’m referring to
@@daniellemccray7021 Your first property should be a multi unit property to generate income not for living. There are luxury vehicles such as Mercedes that you can write off. That’s why you’ll see business owners with luxury vehicles in the business name.
@jaesamone ma’am I was done speaking I said what I said and I’m not going through a whole dialogue about someone’s else life✌🏽thanks for all you’re investment advice hope he receives it because I’m done listening
Hands down the best episode of Make It! God bless Marquis & his beautiful family.
Amen
How is this the BEST EPISODE?? 🙄🙄 This is the mediocrity and bad financial planning at its best and even I KNOW I need a financial advisor and make more than Double his salary. I am NOT driving a $2k Leased luxury Car 🚗 and living in an apartment. We live in a House 🏡 and have a mortgage. This is perfect example than Black Families need to teach their children about Financial Literacy instead of just temporary Luxury devalued assets. We all know cars 🚗 lose its values once it’s driven off the car lot. Smh 🤦🏾♀️
Financial spending aside, he really is a strong man despite being punished by the legal system, give them a chance to live a life cuz the stigma of having a brand in your name really sucks, instead of pushing convicts away, give them the support they need so they can turn their life around.
I hope we have more people like him who will give back to their communities. More power to him!
Guys we also need to give him some grace with how he is spending his money. We are all not perfect and hopefully he can adjust it for next year. But I am so proud of him
He’s got plenty of time to figure it out
@@pookiesfriendrayray7086 How are you so sure he has “plenty of time” to figure it out? I can appreciate his honesty, but in cases like his, it can sometimes take only one huge medical bill or an unexpected disability to destroy you financially. It can be especially more devastating for someone like him because he has a family and several mouths to feed. Time is NOT his friend right now and he should move quickly if wants a better financial future and less risk. I wish the brother all the best, but financing a new 2021 Benz SUV is such a poor financial decision, I can only hope he won’t continue to move like this 🙏🏾
I'm sure he will watch this vedio or had already watched it and read some of the comments about managing his finances. I also believe he took the comments well.
@Johnathan: agreed. There is no such thing as "plenty of time". One of my siblings had a stroke at age 39....that was 2 years ago, and they are still not able to work. Meanwhile, I spent over 50K on home health care for them so that I could free up my time to go back to work after caregiving for them on my own for 5 months while working remotely. Had I not been living frugally/below my means before that, I would not have had the means to take them in. It wasn't easy, trust me, but having good money habits is a hedge against the unexepected.
I agree, I alot of us took advantage of opportunities that were disallowed to him, yet, are still behind the curve... This man has his own business. Round of applause
CNBC this is one of the best stories yet! Thanks for sharing. Proud of him & all his accomplishments. Excited for his future!!
NO it is NOT!!! Definitely not!!!😂
Really inspiring to see how he turned his life around. It’s not easy getting a job after prison.
I appreciate what he's doing for his community and those who have been put through the criminal justice system. Hopefully he sees these comments and makes a commitment towards improving financial literacy and his family's financial health. $2k monthly on a Benz and taking a 401k loan to pay rent are pretty bad financial decisions.
Yup. Granted financial literacy isn’t taught in school. So unless your family is on top of things; you don’t really learn much which is a shame.
@garyish I know. My dad is the one that tought me, my parents used to make $60-80k a year and still saved lots of money on 20 years in America.
Now this is the way you rehabilitate formerly incarcerated people. There are many who are willing to change their lives. Thank you Marquis! you're an excellent man and a wonderful soul.
Wow 70-80 hours a week! glad to see him turn his life around but the hours and car expenses could be better. Glad to see more realistic people on this series.
Yea I was like 2k for a car payment is high he a better off getting a house payment unless it’s 2 k for multiple cars
@@danieltongaww $2k for that Mercedes is insane. Brotha living like he’s making $500k/year. His heart is in the right place but his wallet.. not so much.
@@garyish yea he better off getting a house get a cheaper Mercedes and build his business to more men and more business and contracts have the men the get out of jail work for him and pay them little more then min wage and start getting contracts
@@garyish im just wondering he works so much for that 3 figure income, i know some 9-5 making the same, he is his own boss tho
@@Brucelee89896 contrary to popular perception, most small businesses don’t do that well and usually have only the owner as the employee or a few people at the most.
Getting the freedom to control your schedule is the only guaranteed benefit of being an owner
"Your past does not define your future".... FACTS! Very inspiring story. Glad I watched
Good for you young man. Proof that someone can turn their life around.
Great attitude, no one would give him an opportunity, so he created one for himself and is now paying it forward. I wish there were more positive people like him in the world!
Dude living way above his needs.
The car is ridiculous compared to their living situation but that’s the hood mentally lol
We should not laugh and shame others. We should teach and educate. I think instead of a car, and he can purchase a house.
@@Rockymarciono731 car phone apple watch paying loads of contracts waste of money
@@thebeast9869 this what im saying thats too much
Not only that his budget is gross income. You can't make budget from gross income, 150k, you get like 9,300 after taxes.
Respect on him turning his life around! Do think it’s unfair that people find it hard to become a productive member of society after they leave prison. Of course there are careers that convicted people cannot do but why make it so hard for people to get a job once they are out? A lot of people who do crimes is money motivated and having a decent job would eliminate this.
100% agree with you!
Even McDonald won’t hire felons. It’s almost every job. They only except is the construction industry.
@@TMartins379 yeah it’s honestly disgusting! Like how are people who have made a previous mistake supposed to regain their lives?
@@rebeccavl97 It’s counterintuitive. It’s like they are expected to return to a life of crime.
I think after a period of a few years it would help if they no longer needed to state that they had a criminal record (obviously not for the most serious crimes).
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Love this story and so impressed with Marquis’ drive and determination! I love how he is helping others who are in the position he was once in!!!
Great story, Very inspiring! His mission and vision are great. The only issue I see is the $2k / month car payment. It’s not necessary at this point of his career. He should get a Camry or something and invest the rest of the money into his 401k or his business.
Yea or he could’ve looked into getting a vehicle that can be used as a tax write off and say he use that to get back and forth to the business and it’s basically them paying you back for the miles it takes to get back and forth, gas and everything i remember someone talking about this. A lot of things can be a tax write off.
@@jaysaiuniverse8628 It could be actually. This tax incentive is for vehicles above 6000 lb. It’s possible that the vehicle weighs that much. But you have to write it off over a couple of years. Over all, his business is still small so personally I would have invested more into the business because it can give higher returns over the same period of time. But also, that Mercedes looks 🔥 so I can’t judge him 😂
And his 3k in discretionary spending!
He has such a great heart, but needs help with managing his finances.
Aint nobody trynna drive a camry though especially if you day dreamed all day for years in prison and are making 150k a year. 2k a month is to much but none the less it ain't very inspiring to wake up to a Toyota every morning.
@@jondoe5305 that's how a broke folk talks about money
Thanks for sharing. This is inspirational to watch how far he come and the impact he is building for the community
He’s amazing. The true definition of an initiator, a hustler, a go getter. I hope people who walked his same path of life sees this and is inspired❤
He took a sin, a bad experience & it created his entire life mission in healing himself & others. This is the definition of learning from a mistake & creating good from a bad situation
Thank you for sharing his story. It’s nice to see someone who is a regular citizen but also someone who managed to turn their life around and is striving for more. Amazing that he is looking our for himself and his community. Please share more stories like this than the 75% that are “TH-camrs”. We see them, know them, and follow their channels. More great stories like this please. 😊
Easily my favorite episode. Congrats to this man on learning from his choices and trying to make the community better. Very proud of this dude.
Wow. This is the best one I've seen by far. Thank you for this. Marquis, you're amazing. Extremely inspiring and brimming with hope and love!
This is such an amazing story. This has got to be one of my favorite stories ❤. The world needs more people like this to help others who have taken the wrong path.
So glad he turned his life around. Well done, keep it up.
I'm rooting for you Marquis!!! Such a heartwarming story
I love your story! Keep doing what you do and helping other! Glad to see another Floridian making it!
Cmoonnn Marquis, this was so good and I’m proud of you and your family ❤
O-TOWN!!! I love that he changed his mindset. I love that he mentions his family repeatedly. I love this video so much that I looked his company up and may use his services in the future!! Congratulations and Merry Christmas 🎀🎄🎀
clapping for you Marquis, you’re doing a great job. I hope you accomplish all your goals
His story almost made me cry! This is inspiring and I’m so proud of him!!!!
This is why we should give people a second chance. This story is the definition of "Dope". Keep up the good work Marquis. God bless you and your family 💯
Great to see CNBC spotlighting people that have been formerly incarcerated. I wish Marquis and his family the best! They deserve it! His comments at the end regarding incarcerated individuals needing transitional housing was so spot on and thoughtful. His actions, I'm sure will help many.
This video is the most interesting one of the series so far. We need more people like him doing good in the community while trying to make a decent living. Great job!
I am proud of Marquis; he didn't let the rejections he faced as an ex-con put him back in prison. It's so hard for many former convicts to stay out of prison because the U.S. is very unforgiving to those who broke the law. It's like you're serving a 2nd sentence when you come out of prison, the only thing is you're no longer literally behind bars. This is why our country has the highest recidivism rate in the world.
Absolutely inspirational. He is going big and making it happen and helping his community at the same time. He is impacting so many people with this narrative! ❤ I am happy I watched this.
$3k in 401k, no savings, 3 kids, and a wife, but somehow he's able to pay 2k for a Benz. Make it make sense.
Whew chile the ghetto
It don't and it won't.... 😂 😂
I shocked that he only saves $77/ month 😲
Bad money move
It makes sense from a ghetto perspective. He should’ve probably gotten a cheaper car but this is a young man doing good. Always can do better. He doing the right things
props! the world needs to share more stories like yours, of overcoming prison young to be a great adult in your community and the world.
I’m so proud of you! Thank you for your inspiring story. ❤
This is a great story! Many many many blessings to turn your mistake into something constructive and helping your community!
You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.
People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.
This must be an investment with Mrs Maureen K carr
I invested in both stock and Cry ptő but I'm doing much better on Cry ptő with the favourable market price
Such a wonderful personality, you’re totally a genius with your work and you have the best options.thank you for your help Ms Maureen
Proud of you bro. I never knew your whole story love how you turned it around!! Big ups
Glad you turned your life around bro 🙏🏽 More blessings to come
Wow! I live in Orlando and it makes me so happy to see guys like this making a difference in the community.
Amazing!
Super proud of this man for turning his life around and making a difference. If I could add one comment it would be to get him a financial adviser fast. He has a lot of great ideas but it may put him in debt soon if the spending isn’t managed properly. The monthly budget desperately needs work. 🙏
Marquis please sell that Mercedes!! $2k a month is craaazzzyyy and I know it's a sense of accomplishment when you have a luxury car. I'm a beema girl myself. But either quickly pay it off or sell it and get a slightly older or more affordable model. That $2k a month could go towards something so much more than a depreciating asset. Your story is amazing though, such an inspiration!!! Keep going!!!! 👏👏👏
Thank you for sharing your story! I am inspired!
This man is amazingly admirable for all his work and his dedication!
Yes. Love your story!! INSPIRED!!!
This episode of Make It! was truly inspiring. Despite facing obstacles and a lack of opportunities, the individual featured had a remarkable attitude and refused to give up. Instead, he created his own opportunity and now paying it forward.
It's a reminder that with a little faith, you can turn your life around at any time. Hands down, one of the best episodes of Make it!
This is the kind of role model so many people need in their lives. Bless him.
Cleaning is a very profitable small business and easy to get into. I salute this him. I started a small residential cleaning biz this yr but really want to get into commercials.
This video is perfect timing
He has a wife and 3 kids, so blessed!!!!
People like this always have positive impact on society. I love this story. I love the improvement curve👍
I love your story Marquise, love that you took charge of your own destiny and love that you are doing something positive and impactful that benefits the whole community. You have more than repaid any debt you owed to society. Now it is time to repay yourself, I hope you are able to get a good financial advisor who can help you flex a little less so you can save more for your future.
Glad to see he's able to turn his experiences around and help others in the same situation.
Kudos to him and his tenacity in turning his life around. I found the organisation to help former felons re-enter the community inspirational. He has a good heart. Please seek advice about optimising your financials. That vehicle repayment is excessive and your savings and investments is incredibly woeful. All the best for the future.
You are amazing!!!! May god bless you!!! This is what is needed!!!
Very inspiring. You’re doing awesome Marquise!
I love stories like this!! ❤ He is proof that you can recover from you mistakes!! He could have allowed his felony charge to land him right back in prison due to the lack of opportunities due to his charge!! It’s a mind set y’all!! He made a way out of no way!! Let this be motivation to us all!! Congrats young Man!!
The car payment is more than his rent. The car payment is more than his mortgage. But hey you only live once. Doesn’t mean he’ll have it forever
Wow! What an inspiring and moving story! Best episode ever. Thank you.
Powerful testimony, this situation changed Marquis whole mindset. Keep going😊
This this this
Right here is what giving back looks like, He articulated his endeavors so well, I'm impressed, I pray you heal many people with your legacy
Thank you for this story. I really hope he's able to reduce his expenses so he can save and invest. I really want him to succeed.
Best of luck, Marquis! Keep growing and evolving!
This is really inspirational love from another growing TH-camr 💕
So happy he turned it around, but I definitely agree with the financial advisor! That advice could change his whole situation even more and set his family up as well !
Love, love, love this video! Turning a negative into a positive and helping others in the process! Blessings! Keep up the great work sir! ❤🎉😊
Love this segment. I'm Soo Proud of this brother.
Inspiring story. Good for you pal. God bess you. A lot of people comments on the car but honestly after working so much, taking care of his family, etc. nothing wrong with fulfilling a desire. We shouldn't wait until we are retiring to enjoy all the fruits of our work because we don't know we are going to live long enough to retire.
This brotha has elevated himself tremendously! He does have a lot of financial literacy he needs to learn. Get rid of that car and budget better.
I believe that everyone deserves second chances, especially somebody this young. I am glad to hear such a positive life change and 150k a year is not too shabby either!
You are doing well Sir! Keep up the good work!
Way to go Sir! Taking care of business, Family, and helping others. 👍
"I have no money for savings"
*buys brand new Mercedez benz*
2K a month for a car??? And he lives in an apartment??? 🤦♀️ well, to each their own. I'm glad to see he got back on his feet and doing what he needs to do for his family.
He's still getting rich though so it is what it is. Also he has a mortgage if you can read on it. So it isn't wasting money he will own it.
When you make 150k, thats reasonable. Of course it could be cheaper but im always a fan of buying what you want, especially working that hard. None of us are promised to wake up tomorrow
Yeah that's wild
I love this, he's not not just thinking about himself. I wish him more success.
One of the best ones yet. His focus and positive mental attitude is so strong. Definitely an inspiration. Although he didn't go to school formally it sounds like he has a master's in life.
Great story with some fine tuning on his spending, personal budget, and a better business financial plan he can be on his way to making and saving even more!
I didn’t understand the car purchase/payment a Toyota Highlander or something equivalent would have been a better choice budget wise.
Acting rich: $2,000 a month car payment
Actually rich: $77 in investing a month
God bless this man and his family this piece was a good one!
May God continue to bless this brother
His story shows that we need to outlaw blatant discrimination against people who have committed a felony. People can't change their life if they're always being penalized for a crime they served their time for and can't undo.
❤❤
What is this a civilized country?
It's like a Scarlet Letter follows you round might as well forget bout getting job ...it doesn't matter if u stole a Snickers 15 years ago any joB(most jobs) handle merchandise or process purchases cash or credit card information any retail corporation will never hire a thief cuz that's they numba one concern internal theft ....
Inspiring story. He needs to save and invest more. He’s paying more for the car than his rent. Yeah he should downgrade on the car, save more and buy a primary residence. It’s amazing that he employ others
Cnbc this is one of the best stories. Marquis you're already a winner. Keep on winning brother👏👏👏
Wishing this brother all the success in achieving his goals.
Good job. Doing big things.
$2k for a car payment and $800 for phone is absolutely ridiculous
Yes, totally wow
Very inspiring story! Hope he continues to succeed in life!