Living On $615K A Year In Seattle | Millennial Millionaire
ฝัง
- เผยแพร่เมื่อ 5 ต.ค. 2024
- Todd Baldwin is a 27-year-old who lives just outside Seattle, WA and brings in $615,000 a year. His day job is in commercial health insurance and earns him $150,000 per year before commission. He owns 6 rental properties with his wife Angela that net $12,500 per month. Here's where his money philosophy comes from and how he chooses to spend, or not spend it.
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 Todd's budget breakdown here: cnb.cx/38dNlRn
Todd Baldwin has always wanted to make a lot of money. “I was raised by a single mom, and I watched her struggle working four jobs to try to feed three kids,” the 27-year-old self-made millionaire tells CNBC Make It. “She was worried all the time about money. I saw it. I could feel it.”
Baldwin didn’t want to experience the same financial stress when he grew up, so at 12, he started working. His first job was shoveling manure for $3 an hour: “I came home one day, and I counted up six dollars worth of quarters. At the time, it was more money than I had ever seen. Since that moment I was like, I’ve got to make millions of dollars.”
He achieved that goal at 25 when his net worth crossed $1 million, thanks to smart real estate investing with his wife, Angela. Today, he brings in $615,000 annually thanks to a mix of income from rental properties, his day job working in commercial insurance sales and the extra cash he makes as a secret shopper. After real estate expenses, his take-home pay is closer to $305,000. Angela brings in another six figures from her 9-to-5, a paycheck they almost entirely save.
The Baldwins live “very comfortably,” he says. But he still has lofty money goals: By 35, he wants his net worth to hit $10 million.
After dropping out of Western Washington University in 2014, Baldwin landed a sales job in the commercial insurance industry. His starting salary was $50,000, but after several high-performing months, he doubled it to $100,000 in less than a year. Today, his salary from his day job is $150,000.
The bulk of Baldwin’s revenue, though, comes from real estate. He and his wife own six rental properties worth over $4 million and bring in about $460,000 per year in rent, or $38,300 per month. After expenses, including mortgage payments, taxes, insurance and utilities, they keep about $150,000 of that per year, or $12,500 a month.
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Living On $615K A Year In Seattle | Millennial Millionaire
This man was broke and had a fear of ever being broke again and now he’s a millionaire and still live like he’s broke 😂😂
Liam Agreed it takes balance but he’sdoing it to hit a goal
Lol yes! Thats how you stay rich!
Nothing wrong with being frugal- you can spend your money how you choose. I felt a bit uncomfortable watching this episode. I understand living for free...but roommates my guy? I don't know that. I know he is doing most of the speaking but I feel as though his wife controls everything
I could never allow strangers to live in my house. Like seriously LOL. A rubber wedding ring. Driving all over the city and trying to find those random restaurants just for a free meal.
that's how you stay rich! living a expensive life is the fastest way to go broke! I'm sure he sees that! If I'm a millionaire, Id rather live like a broker person, knowing that I already have money to back up just in case something happens..
Update: They moved into the hallway closet so they could rent out the master bedroom for a extra $500.
Brandon Burns 🤣
Lmaoo
Seriously, who makes 600(k) & lives in Burien.
Chief Enumclaw if you are on the sound it’s nice. Two blocks up is another story.
@@adamkrueger4463 true. I guess when I hear Burien I always think of White Center or Sea Tac. Then again a dude with 'Enumclaw' as his handle is in no position to judge the fine hard working folks who live in Burien.
Alright he had me until he said roommates. That’s an expense I would pay to not have.
So many strangers living around 🤦🏽♀️
Duplex
Garage
Plus your 2 extra rooms
And that’s why you’re broke.
@@mazee8604 Assumptions. I'll just say I'm a college student without roommates.
SAME. Rather move back home than live with a roommate.
He’s a liar
Update: they both now sleep at their offices to rent out their room for more income.
🤣😂 You all are funny with these jokes
hhahahahahahaha dead!!!
🤣
Haters gunna hate
🤣🤣🤣 I hollered!
Update: he has 3 kids now and they each pay rent to live in his house
Dead 🤣😂😭
literally laughed out loud.
lmfao.
Hilarious
🤣🤣🤣
Lmfao 🤣🤣🤣
“Money doesn’t bring you happiness” well thats because you not spending it sir 😂😭
Wayne Luciano 😂🤣🤣
Hahaha!
😂😂😂I'm all about saving but this guy is too stingy...this is just too much
lmaoo
One of the best quotes I’ve ever heard🙌🏾
Update : His wife now allows him to sell his blood plasma for extra income
😂😂😂😂😂😂😂😂
Jesus Ortiz 😆😆😆
Lmao..
🤣🤣🤣🤣
lol
This guy is so frugal he doesn't even pay attention.
Frugal is the wrong word he’s straight up a cheapskate
the secret shopping gig is pretty neat, though.
Got the chuckles
😂😂😂😂😂😂😂😂
@jordan George right? That’s literally my only takeaway lol
This would be the couple you would avoid double dating with
Yeah, they could end up eating from your or your date's plate for saving purposes
@@nicolasherreragonzalez8037 or take you to a place they have a punch card for and order coffee for themselves lol
They'd leave you with the bill lol.
@@DaddyYardie Didn't think of that Lol
Annika Tribby right
This dude waits until the ice melts in his cup so he can have “second drink”
cingratta 😂😂😂😂😂
Stoooppppp🤣😂🤣😂🤣😂🤣
cingratta good one 😂😂😭
OMG.....😂I’m dead.
cingratta that’s also me 🤣
There is no damn way I’m living with roommates if have a wife , that’s just being way too frugal, but props to him
Shoaib K props to her as well lmfao
Hopefully, there is a pre-nup....I can see her getting tired of all of this penny pinching and going her separate way
Ghana Mafia by the looks of it, it would be him that would get tired of all that penny pinching - well at least prior to when she does.
That’s why I will always be broke, I don’t want any roommates.
There's no way I'm living with roommates if I'm RICH
This guy is so frugal, he did not let his wife have any speaking time.
Lolol
Lolz
She wouldn’t let him let her speak.
She won’t let him fly first class.
She won’t let him compete.
She won’t let him ...
This is gonna be good!
Graham Stephan love u man
Review it senpai 🥺
Bernie 2020
Come on Graham, you have to admit this guy is actually KILLING it!!!
is that your brother ? :D
For everybody saying he needs therapy you gotta know he won't get therapy sessions unless they give him a punch card for that
Lmfao😂😂😂😂😂 this comment is lit😂😂
Omg 😂😂😂😂
Really r
they could become polygamerus and marry a therapist. lol
@@Trystero_ as long as their new partner's wedding ring is made of brass and after they join some sort of cult where they can marry in a mass wedding so it'd be free
Update: We sent our child to foster house and rented his/her room on Airbnb
Dude stop lmaoooo
😂🤣🤣can actually see him doing that, he will be like hey kids your 10 years old now it’s time to pay rent.😂🤣
His goal by age 45 is to become an apartment
🤣🤣🤣🤣🤣
😂
Lmfa
🤣🤣🤣🤣😂🤣
😂😂😂😂
imagine making $615k a year and living with like 10 strangers renting out your home
Bertha Lovejoy I bet as soon as they have kids those Roomies will disappear.Nobody wants random adults around their kid.
Living with all those people seems a risk for fights or being robbed.
Slumdog millionaire.
@@shellybee9322 Bruh seeing how they act with money, they'd probably charge their kid rent lmfao
Not what I would want, but who cares? They're still in their 20s. People don't get this...but THE PEOPLE WHO HUSTLE AND EARN WHILE STILL LIVING LIKE COLLEGE STUDENTS IN THEIR 20s GET TO CALL THE SHOTS FOR THE REST OF THEIR LIVES. DO YOU THINK THESE FOLKS ARE NOW IN FINANCIAL TROUBLE AS A RESULT OF THE CORONAVIRUS? I DOUBT IT.
I was going to complement his car, but his wife wouldn’t let me
😂 good one
Johnny Estrada 🤣🤣🤣🤣
🤣🤣🤣
🤣🤣🤣🤣🤣🤣🤣🤣🤣
LMAOOO
I somehow can’t connect with this guy. He is TOO frugal and tries to find any and every excuse possible to get money. Life is short and you earn to spend so learn to spend
I agree. If you don't want to enjoy your hard earned money while you're young when do you expect to enjoy it? After 60s?
Are you a millionaire?
Arturo Gómez Tagle no but technically neither is he. . He reaches the million mark because he is frugal
Kazi Ahmed people enjoy money differently. He looked pretty happy from what I saw. Just because s doesn’t like spending doesn’t make him wrong. With his mentality and actions, he’s accrued more wealth than most Americans. He’s married. Has his own property. Still has a job he likes enough to keep even though he could live off rental income. I think most of us could learn a thing or two from this guy. Earning to spend isn’t everyone’s plan. Some earn to invest to earn more and maybe in the future spend, or set up their future generations.
Arturo Gómez Tagle are you a millionaire? Let’s throw back the question at you
Graham : Im the cheapest millionaire ever. I only drink 20 cents coffee
This guy : Hold my free coffee
Lollll
@@lintaocui6282 how did he do that if I may ask
Really
This is one of the greatest comments I’ve ever read 🤣
🤣
They are so frugal that they might just foster kids so they can get pay while playing parents.
😂
That's the ONLY way they'll see a ROI on kids.
Mon Dieu ! lol! honnetement je n y avais pas pensé mdr !
😂😂😂 I'm so done!! 😂😂😂
Julio-Pierre Fuertes 😂😂😂😂😂
"We're not cheap"
His wedding ring is made out of rubber.
Honestly I would get and wear a rubber or glass or wooden ring. It's the marriage I want to last forever, not the journey
It's just a material object.
tbh the ring is really the least of anyone's concern -true it is cheap of him but is a millionaire who's a secret shopper
I thought u were joking
the second option was an onion ring
Update: He is actually making money from this video
LMAO,
Probably every person featured on here benefits from the personal brand.
40% commission on commercial health insurance? that's how messed up the system is.
Yeah, that jumped out for me! Yikes
How much should he make? 🙄
I'll admit I haven't watched the video, but typically it's 40% of the premium, not the benefit, and it's only a one-time payment, not every year.
Facts don't matter when people try so hard to be jealous and blame the system for their failures
You got it totally wrong. Commission on commercial health insurance is around 5% of the total premium. His agency will get that 5% and he share 40% of that 5%. The more you sell, the more percentage the agency will split with you.
Okay. I want to see someone who’s a complete mess now.
Zues Del Rey I think it would be great to see what NOT to do
Zues Del Rey EXACTLY
HAHAHAHA
Look up Hiding in my Room
hey, you said you wanted to see me?
lmao the comments in here worth more than his money
🤣😂🤣💯
👌🏽👌🏽👌🏽🤣🤣🤣🤣🤣😂
💀💀💀💀💀
lmao i am dead so true
Facts!
I have never seen such a serious video that has these many funny comments.
The man said, “because it’s the fastest car in the world”😂😂like you still gotta follow the speed limit💀
He really said "I have no time to waste" like he still don't have to drive there anyways
Exactly, it is not like you are permitted to go above the speed limit
Acceleration thou
Money can’t by love but it can buy erotic women that are impressed by an expensive car
I think this is hilarious because if you think of it the other way around "the slowest car ever, but the speed limit is nonexistent." 😂🤣😂
He saved two months to take his wife on a date. Your MCM won’t even call you back.
MCM?
mcm?
@@sherwinpinugu "Male-Crush Monday"
😂😂😂😂😂😂
Maw Fah Uk ting
They probably eat their roommates food too. You know... to save money.
haaan lol I know I was thinking the same thing 😂
haaan 😂😂😂💀💀💀
Haha hahahahahaha hah you made my night
haaan kkkk
they go to Costco and Sam's club for their meals
Update: He’s sold all 3 kidneys
LMAOOOOOO stop
He learned how to grow another kidney so he can sell it 😂
Omg I’m cracking up!
Are you saying that his third kidney is his head !!! ruuuuude
lol
He's talking about having money for his kids college but will probably send them to community college to "Save Money"
Literally makes no difference 😂
College is gonna become irrelevant soon enough
@@bryanfeliciano4102 not when you need to become a Doctor.
@@ONpopularTopics (dr,lawyer,and some engineers I can see it but everything else no)
@@bryanfeliciano4102 you are actually right..all you need to do is transfer the community college credits..
@@Bigbnfgv you still end up wasting time in community college. you have to redo some classes when you enter a University
His wife is so frugal she didn’t want to be interviewed. This felt like a cry for help
She's calculating how much money she'll get in the divorce in 5 years! 😂😂
How do you rent rooms in your part of the house. That's too much. There comes a point where your doing too much
@@rowson88 😂😂😂😂😂
Imagine making $615,000 a year and living with roommates.
@Liam how dare you disrespect our lord and saviour like that?
0 point to have 1 million dollars to just sit in the bank, can’t take it with you when u die. A safety net that big isn’t necessary. But if he is fine with living with roommates and having what he has, by all means u good
@@bigpoppa4094 you know he could be passing down all that wealth to generations right? Because if I had millions just "sitting" there it would be passed down to my kids and their kids and to my close family as well
Liam How dare you?
In Seattle it's almost necessary. Once they grow up and hit their 30s they won't be doing that.
"We're not cheap" -millionaires that have roommates
@Kaven Gilbert they are, their net worth is over $1M
Matheus Rodrigues this is why People like u will never make it in life lol
lmfaoooo
Imagine paying a millionaire rent and he's your roommate
Imagine him and his wife being your roommates!
Lol that's hella weird
Am wondering why they have roomates in the first place
Smile:)
Lol props to this guy on his success but he and his wife are so cringe
This sounds like he's not in control of his fear of being broke.
April Harris check me out! I’m a black violinist
Agree
who is not afraid of being broke ahah
How so?
@I can see clearly Now how you gonna speak for me? Lol
I feel sorry for this guy, he needs to learn how to relax and just enjoy his life.
Ryan Borchers he’s 27 so he has plenty of time, hopefully. If he has children and is lucky to live until retirement he will be able to enjoy his sacrifices forever
He will make his kids pay rent at age 13. And he will home school them instead of wasting gas money driving them to and from school.
“Live like no one else now so you can live like no one else later.”
Mommy Earth How do you know he has plenty of time? He could die tomorrow. No one knows when is their last day.
That dude was exactly me growing up trust me he's never been more relaxed.
Graham squealed like a school girl when they said they live in a duplex and rent out the other half🤣🤣🤣
Ctfu
Bananas he commented
is it such a good idea tell people how much you made wide insureance keep deny their cailm.... hence the overpaid salary.....
I’m so dead at 5:31 his wife thought he was pulling out the chair for her but he sat down instead. Boy is clueless😭😭😭😭
hahahaha
He's actually married to the money
@@Ayplus lmao yea i mean can't have everything i guess
Only $12 dollars on his wedding ring(and he's proud of being so cheap) but he wants a Tesla? I'm not understanding the rational. Also you are sharing a car with your wife maybe see if she wants her own vehicle before spending so much on your dream car. Just a thought.
Wow I didn't notice the chair thing. Guy seems to be more focused on money than his wife it's sad.
25 for food per month? They just eat each other’s toenails? Am I missing something orrr...
Hahaha fr
ya you missed the part of the video where they are secret shoppers and get paid to eat out so basically free food
but they don't eat out every day right? surely they still cook at home but 25 for groceries is too little.
Lmao @ eating each other's toenails
😅😂🤣🤣😅
This shouldn’t be here it should be on extreme cheapskates
xD
Geekster it’s an extreme sport! 😂😂
🤣🤣🤣 this made me laugh and I'm having one of the worst mornings ever, thank you.
Agree!
Yes
He needs therapy to address all that childhood trauma he still hasn't processed.
True
Love to watch this dude train. Lay off the sugar/ bread first,man.....
Look kinda sweet.
lol. that’s trauma?
There may be some truth in that but then again Therapy is always healthy 😇...
This is the kind of guy to talk you down $5 while wearing a rolex
He’s the kind of guy to lend you a dollar and ask for you to pay it back later
Hey he earned that Rolex! 😂
A rubber Rolex like his wedding ring 😂🤯
A $20 Rolex from Wish
He will not buy a rolex lol.
He pretty much makes $615K and lives in a hostel
hamza4real oh well at least he doesn’t have to come out of pocket for his mortgage. Who’s really the smart one. This is why he is in the 1%.
@@vickgoldsman8634 i rather enjoy life than hoard a bunch of a money for no reason... u can't take it to the grave
hamza4real Still doing better than you EVER will!!!
@@rtp1968 at least I'm not 50 making less than 60K.
hamza4real I’m making over six figures, so I don’t know who you’re directing your comment to.
He's spending $130 on gym memberships.
Could've just run around the block and lift 2-5 gallon of water bottle for weight lifting.
Dont give him anymore cheap money saving ideas 😫🤣🤣🤣
😂😂😂😂
Stop giving him ideas you dunmy
Add a used punching bag and some jump rope lol.
Doesn't look like he's actually uses gym members with those flappy arms
What’s the point of having all that money if you don’t enjoy it. Life is too short
He does but not in expensive ways!
Exactly
Kudos on your discipline. However, you have surpassed your goals, 3 years ahead of schedule. If you keep moving the goal post, you will never be satisfied. Now, please, start living! Don't let fear of being broke keep you from actually living lives. Blessings!
exactly. i think he has more of a fear or being broke and poor than actually having financial stability and security
Enjoy ‼Tomorrow isn't promised ‼
I don't get why people are criticising their disciplined spending habits? Their expenses are the polar opposite of broke millennials and their wealth is way off the charts; when the time comes to raise a family they will be in a much better position than others. IOW, this couple are utilising their "Right to Freedom" on their finances rather intelligently.
Agree. I think everything they have done so far is great, but it seems like they're never going to enjoy their life just because they want to save money. At this point, what is the "point" of being a millionaire if you are not even going to give yourself a business class flight? I mean YOLO!!!
I'm sure they are "living life"... as can be seen by how happy they are. They don't have to "live life" according to your definition.
They aren’t living, they should probably seek therapy for their fears
@Tyrel Tolliver that's basically being cheap.
By saving money and only spending a little here and a little there.
Its kinda mindboggling.
Like I spend over 2 racks a month on Bs and Im NOT rich , but theres rich people who spend half that or less and are making millions a year.
Again it's that poor mentality mind set that prevents them from living life and spending via self gratification
@Tyrel Tolliver is that greed or ambition? He's only 27. Lots of time to party. He has a plan for his life. What's yours?
@Tyrel Tolliver that is his personal choice and I think as long as he's happy about it, let him be
They are not losing out on anything. They have a very decent lifestyle. They live in a nice house, drive a decent car, go to the movies and eat in nice places occasionally like any normal middle class person. The exception is they never ever have to worry about money
I am cracking up laughing reading all these comments 😭 I’ve never seen a person this rich acting this broke
That's why he is rich.
Cesar Torres It's somewhat of a fallacy though. You don't need to be THIS frugal in relation to what their income is. It's honestly pointless and not impressive either. It's like billionaires saying they still drive the same car or live in the same house. For sentimental reasons sure, but it's literally pennies to buy a new one compared to what they make, being that frugal just doesn't make sense.
LMFAO MARIAM THE COMMENTS ARE HILARIOUS OMGGGGGGGGGG jajajajajajajajajaa
Yooo these comments are epic
Watch extreme cheapskates
I HAD to comment. They are borderline cheapskates. Calling themselves frugal is an understatement...
🤣💯
mleangc def cheastake
mleangc check me out! I’m a black violinist
A rubber wedding band 🙄🤦♂️
Yeah but they're happy so that's what matters
He’s obsessed with money, and uses his childhood to justify the obsession. I’m sure he and his wife both wake up and go to sleep thinking about money.
not a good life to live. the reason i want to make this amount of money is to NOT think about money. if i had this amount of money and never had to worry about not being able to pay my bills or not getting what I want, I would be fine
@@quentinm.williams9 - I agree. Life is to be enjoyed.
Yeah they try so hard to not spend money but also make it. It’s weird
Right 🤔. They must be Capricorns
@@NiniBonita i thought the same!
"Wife won't let us fly first class... Wife won't let me box" 😒😒
William Tran LOL I was looking for this type of comment. I died a little inside when he said that 🤣😂
yep their literally just hoarding wealth
Money doesn't buy you happiness? I can tell it won't buy fights with your partner.
He sound like a Simp
Wife won’t let me get the box
Husband: “It doesn’t make sense to be the richest man in the graveyard”
Wife: “Honey, you’re getting cremated”
Semon Agata hands down the best comment 🙌🏾🙌🏾
he is traumatized from childhood i love their success but he needs a good therapist
Came to comment just this
It's ironic, he would have to SPEND to see a therapist for his problem of NOT SPENDING. His mom would have to force him.
It seems like the wife is the one that is extra frugal. He did mention that he has tried to get her something nice but she isn't interested. I think if he had married someone else, he'd enjoy a bit of his hard earned money. They work hard man and should be allowed to spoil themselves. Did you see them sharing a can of soda in their own home😒😭?
Update: They are living on the streets and renting out their duplex
LMAOOO
🤣🤣🤣🤣🤣
This is the best one
Accurate Seattle comment
I will forever pay to avoid ever having to go back to having roommates again lol
Lol dont we all
When you have good roommates, you can develop a life long friendship with them.
@@dvdgalutube life isn't an episode of Friends
@@dvdgalutube 99.99% of the time it doesnt work that way
@@unimpressedsquidward3059 Hi i am going to have roommates. why should this be bad as described here in comments? Thanks a lot.
"$615K A Year?" Uhhh, not exactly. Nice clickbait and hyperbole.
yeah, they said after his real estate expenses its $305k which still seems high especially compared to their net worth.
Jim Dandy that’s how taxes work they take half and are left with 300,000 not clickbait
@@hookedmediacarstech1419 If you are having even close to half of your income going to the payment of income taxes in the U.S. then you need a new CPA.
Yea it's an oversimplification as it assumes that people will always be positive with real estate investments.
In reality, real estate prices can fluctuate and make you look like you are losing money depending on the market value in relation to your loan interest, rental expenses, property taxes, legal fees, and rental revenue. And I am sure the 615k a year is probably a raw number that doesn't account for taxes and expenses...but clickbait makes money.
This should be call "The Cheapest Millionaire Couple". Married with roommates, and have a $12 wedding ring.
It is so funny to me how Americans care about the price of a wedding ring. It is not our top priority here in Brazil, even if you are doing well.
sooutstanding31 Different priorities
🔥🔥🔥
It's ridiculous isn't it
It's ridiculous isn't it
So this guy makes that much money and he has room mates? Ok I don’t care that’s a bit extreme...
FrUgaL duh!
this is like watching a black version of Graham
The yin and the yang :v
They can meet!
his not black lol
luvtotrade2009 he’s not black, but I get what you mean
@@Brucelee89896 he is black
“We’re not cheap” Yes, you are siiirrr!!!
🤣🤣🤣
yes he is 😂
Absolutely! I don't know why he saves so much.
*spends 25 a month on food*
No cheap is getting low quality things and lifestyle, he is frugal because he still has a high quality lifestyle for low cost.. he eats out and has free vacations lol thats awesome. Honestly i would probably spend more than him but im glad he has a woman who understands its not about showing off. Thats why i will never take a first date somewhere fancy, if she dosen't have a second date with me then i know it was either about the money or she didn't like me but if you spend a bunch of money on the date she may date you for the lifestyle she thinks you will provide.
All i heard was "my wife won't let me do this" "my wife won't let me do that".
smart wife
He’s gotta be firm with the wife and let her know he’s in charge of himself not her. Can’t simp to any girl or they lose respect for you.
U got Selective hearing
Simp
@@veetour was just gonna say. trp advice
Yikes... live a little and enjoy the fruits of your labor. A millionaire but you have room mates that aren't your kids lol cut it out.
Sharing a cup of coffee and donut had me 💀
HAHAHAHAHAHA but for freaking real though
You are so pretty! I’m subscribing to your channel. I love money channels but lifestyle/beauty are my favorites!
@@brittneypine6628 Aw so are you! thank you so much for subscribing Brittney. :)
Wait until she cheats on him with one of the roommates...
Hmmm. He is so afraid of poverty that he is still living like he's impoverished. And his wife seems in control of everything lol
Story Daniels : This guy is a genius! His wife knows what she’s doing!
Reeks of MK Ultra antics.
That’s an amazing wife way better than these gold digging shallow manipulative hollow selfish women of today all after money
@@TylerM633 While that last part is largely true about today's women, I've never heard a man mention his wife so much in anything.
She ever cheats he's killing her and everybody
Story Daniels she looks like a bunny boiler😂
I refuse to eat out with my own money. I want a Tesla roadster.
Smartest thing this guy said was “Your health is your wealth”
Brent nah
s he’s not healthy because he’s not ripped? 😂 not how it works dude
he's overweight...
Yeah, but then he spends $25 on his diet eating out at random places to save money on groceries 😂
You will only hear rich people say that "money doesn't buy you happiness."
yeah here's a fun experiment, let's try stripping a rich person of his money and see if his "happiness" remains. Cause if money didn't buy it, money can't sell it either right?
I just want the chance to see if that saying is true 🤣😂
@@ShunGoukuSatsu1 if you take a rich person's money they'll just make more money- the knowledge to make money always stays
Money is like a logarithmic function. When you have nearly nothing a dollar a day could improve your life heavily, but at some point a dollar won’t add any real value. That’s why people with a lot of money say it won’t make you happy, because the value shifts. In some report I’ve read that around 70000$ a year is this limit, above money doesn’t make you happier anymore (depends a bit on where you live).
@@YTartschool my point wasn't "make rich people poor and see if they get rich again".
My point was "if you forced a rich person to live a poor life, im pretty sure he's going to be a thousand times sadder and, in a sense, money did buy him happiness or contentment"
I get the Airbnb’s but why have roommates?
Exactly ... u are married , make over 600,000 and have roommates?
@@ebonyb6603 yea its weird
I feel like there’s gotta be a limit somewhere... make $650k a year and still have roommates that’s a little ridiculous lol. You aren’t frugal, you’re cheap
Not really. That duplex is too big for 2 people. So it kinda make sense to rent out the other unit.
BrokenStatues7 room mates are only a burden when you can’t afford to get rid of them. Having them by choice, is a whole different ball game.
Saurabh Dalvi I understand renting the other unit.. but sharing your personal unit with roommates (while married) I don’t know haha. I mean clearly they know what they are doing so more power to them.
Unfortunately life is unpredictable I think it would be reasonable to spend a little $ enjoying nicer things especially if you’re a millionaire.
if you need roommates to "Not feel lonely", then you have serious social problems dude.
Because these people are lying about how much they truly make.
I highly doubt they get asked for their corporate tax return. The only one I believe is Graham. This guy kinda sounds like BS
His net is 305k, but he says he makes 600k? So what is it. 300k or 600k. I swear half these people can't do grade 3 math
The fear of poverty is just like a treadmill.
This guy treats his marriage so seriously that he even got a $12 wedding ring
Lmao imagine how much a wedding cost and a real diamond ring just to get divorced in the future that also cost money he wasn’t willing to take that chance. He’s smarter then he looks but cheap af
Shows he's not focused on material wealth. it's just a ring - the cost has nothing to do with how much you love each other.
Probably should have just interviewed his wife
Right 😂😂
The comment says more about you than him, sweetheart. That's what a devoted and honorable husband looks like and sounds like. Of course, when you conditioned to have a trash mentality all you see is "simp."
Lol
Why?
@@Misterz3r0 he's a simp
His wife looks like a younger version of his mom
THIS!!!! LMAOOO
There is a study that u look in the opposite gender people who are like ur mom/dad.
So if u are male u will try to find a girl who is like ur mom and vice versa
Yikes
Is it because he's a black man married to a white woman and you simply couldn't hold back your racist jealousy?
GraitBritton or maybe that’s what she looks like 😂 I bet u were just waiting to say this 😂😂😂
Tesla "It's the fastest car in the world, and I got a lot of places to be." Mmmm, ok, bro, you still got a speed limit.
that part was so cringe.
dw his wife won't let him get it anyway lmfao
That was just an ad for the car 🙂.
Translation: his wife has him on an ankle monitor and a curfew
Dulce Garcia 😂 it’s like he didn’t want to admit that he wanted the car because it’s a nice car
Tell the dad from Everybody Hates' Chris, we've found his long lost son. Penny pinching better than him.
I am the opposite, after working my butt off, I need to reward myself with a good dinner, drinks, just in case I die tomorrow. Lol
Thats 15c of corn right there, you better eat that.
The craziest thing is, he's rich but will still raise his kids just how he was brought up. Constant talk/concerns about money and how to be as frugal as possible. So what's the point?
True what a golden comment bro 👍
You know I been asking the same thing. What is the point of being rich if you live like poor
And that’s why his family will be rich for generation and not squander it all wiithin 1 generation
@@LucielStarz123 true my grandparents still reuse plastic bags.
@@Cass_Suitor there's something called global warming - reusing plastic helps as they're not biodegradable
Did he just say that he isn’t cheap but said the word frugal like 7 times.
He is definitely cheap
Sorry but your math sucks. He said it over a hundred times!!!!🤣🤣
He pays $130 for gym membership (100 MMA + 30 GYM) this is not cheap. Even for your health, run outside...
Mabeleine Bulan health is wealth
I want to see ACTUAL normal millennials with student debts and normal paying jobs or not job.
So you wanna take advice from someone who is in debt and makes not nearly as much?
@@brettholland7040 right
Jasmine Ali go down to your local college or ask anyone that has a normal job about their life
Watch The Dave Ramsey Show
@@brettholland7040 you can learn from anybody's journey in life. Even the bum standing outside your local gas station.
There's a difference between being frugal and being obsessive
wondering what kind of family vacation hes referring to
camping in the backyard with leftovers?
Allowing them to rent the house in the meantime
why eat leftovers when there's free grass?
Lol
😂😂
I was about to criticize his incline press, but his wife wouldn't let me.
lol
So he's a 27 year old millionaire that lives like a broke college student...with his wife. Okay. I totally get it. Not.
Yes, that's exactly the point. Read the Millionaire Next Door, the whole point is to spend less than you earn. Even if you're earning much less than them you won't accumulate wealthy quickly if you blow it all
John Elkhoury yes, but this WAY too much, roommates when you have a wife and are a millionaire? Even middle class people don’t do that.....
Can we get an update to see how Covid is treating all these rental millionaires?
That is what I said. He spends so much money on renting his properties. I wonder if he has any mortgage payments on his properties. I do not rent out my home to roommates just to make an extra two thousand dollars. I want peace of mind in my house.
@@PainandMotivation exactly me to... and yes i want a update.. these guys are over leveraged
@@NAT-turners-Revenge there actually is an update somewhere on this page a bit after the pandemic hit. He was still doing good lmfao
This guy could be the beginning of a new trend name called a “Rich Cheapskate” 😂
I know, the right.
Weak🤣🤣
Take a shot every time you hear the word “Frugal”.
Day drinking. I like your style. But expenditures on your alcoholism isn't very 'frugal.' ;)
Spunkymunky everyone wants to say they’re “frugal”
2:54 he also always talks about “living completely for free”
Took the challenge. Completely wasted. Must have been seventeen shots. Lost count at seven
Moment of silence anytime he says "but my wife wont let me"
This guy makes money from health insurance and real estate speculation, what a combo. By his 40s he might complete the cycle and become a politician.
Nah you have to level through banker first
😂😂😂😂😂😂😂
Don't forget ambulance chaser
Jealous
Jealousy is something boy
He says "My wife won't let me" a lot... Looks like he's just blaming someone else for his frugal manner
He’s manipulative
He still has a scarcity mindset from growing up poor, hence his “frugalness”.
J Romulus better than a hating mindset or even a lazy observers mindset
J Romulus you took the words out of my mouth. He is stuck despite the money he has made
Thank you so much for having me on the show. The team over at CNBC Make It is a very bright group of people. It was an honor and privilege to work with you!
Todd Baldwin awesome video! Can you recommend any Secret shopping agencies to register with? I’m in NYC if that helps.
I just wanted to ask.. what was that website or firm that you were talking about (secret shopping) which pays you to try new things??
@@harmony323 Thank you! Yes absolutely. For NYC I would recommend Reality Check Secret Shopping and Market Force Secret Shopping. I'll make some tutorials on how to sign up and how to fill out surveys and publish them to TH-cam.
you're so inspiring todd! wishing you and your family good health!
Please become friends with Graham
Love the hustle but there is a fine line between living frugal and living cheap, and this is dangerously close to the cheap side, in my opinion.
650k income and still has a roommate... he's already wayyy over the line of cheap lol
deadass hoarding wealth
"We're not cheap"
Okay
I mean I get the frugality but at least ditch the roommates lmaoooo
The roommates pay for the house plus some. It's free equity
My friend is a college prof married to a college prof. He lived in the dorms for free for 5 years with his wife (meals are free, too). Then, he bought a house in a hipster area of town and got a roommate. Bought it for 800K. Sold it for 1.7 million. Now, he lives in a really nice house on the fancy side of town. Small sacrifices early pay big dividends.
Yeah, I've seen marriages broken up because of things like that
@@rainepanda maybe he should ditch the room mates in his duplex and keep the ones in the other duplex and the garage. That should more than pay the mortgage.
@@arrowmouse I think it's actually the wife pushing for all this
money is the number one thing ruling his life. he's still scared of his past and i don't think he'll learn how to enjoy his future. sad.
Yea like hes sharing a slice of free pizza with his wife.. its sad 😂
Most of like people never change. The fear is consuming. Few did/do but unfortunately late in life wrecking own family.
Rae Bonafide also his wife.. every other sentence was “cause my life won’t let me”
The sad part is getting old being broke; Can't pay for your Meds, struggling to pay bills, dependent on government/children, old crippled and still working.
Millennial millionaire always exaggerating their actual personal income. His personal net income would actually be around $300k after business expenses aka his rental mortgage, insurance, taxes etc.
They are including all business operations revenue as his income. Which is not true.. Should look at his NET personal income. It's 300k.
Bingo I was looking for this comment
Mortgage expense is income if it’s covered by tenants. They’re building equity in their rental properties. That being said, I know a few people who lost it all in 2008 because they could not find tenants to cover the mortgage and were over-leveraged.
@@ImpactAdvertisingInc How over leveraged were they (30 properties?)?
Chris Kim I knew I smelled b.s.!
Chris Kim still a lot
“Money won’t bring you happiness” but then “I wanted to be millionaire by the time I’m 30”
The title of this video needs to be changed to “ how not to spend money with a 615k salary’
He specifically said “we’re not cheap” cuz he knew that’s exactly what we were thinking.
I imagine that in five years there will be headlines like:
Millionaire couple sends a child into adoption, because of its “high expenses”
😂
Kids are pretty expensive though.. costs a million dollars to raise one to 18. I’d rather have a million than to have a million dollar expense.
I love seeing people being great with their money but I also want to see someone ball out so Graham can get upset 😂
I would’ve upgraded his ring to a simple gold band..being frugal is cool but geez what is it to have all that money and not splurge a little 😂. I’ll be buying luxury just not excessively because I’m a minimalist at heart.
He's overly frugal and Im not renting the rooms out in my house just to make money. His wife can't even walk around naked. Like gtfoh
Zo L lol me too i waiting for graham to go crazy
Dont get what u've just said
@@brascoejohnson5464 totally agree!!!!