Kevin O'Leary Reacts: Living On $6 Million A Year In Ventura, CA | Millennial Money
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- เผยแพร่เมื่อ 5 พ.ค. 2021
- What will “Shark Tank” investor @kevinoleary think of how this power couple handles their money? Join us at 12PM on Thursday, May 6th and find out.
Kevin and Lauren Paffrath bring in over $6 million a year through Kevin’s TH-cam channel @MeetKevin, his affiliate programs and their real estate business. In 2020, the couple earned over $1 million in just one month.
What’s your budget breakdown? Share your story with us for a chance to be featured in a future installment. cnb.cx/32TYZ2K
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Kevin O’Leary, chairman of O’Shares ETFs and judge on ABC’s “Shark Tank,” knows what it’s like to be a millionaire. And 28-year-old Kevin Paffrath is a bona fide millennial millionaire.
Watching the episode of CNBC’s Millennial Money featuring Kevin and his wife, Lauren, O’Leary guesses right away that the couple earn at least part of their income from real estate. “That’s how you make $5 million a year,” O’Leary says.
He’s right. Lauren takes a $245,000 annual salary from the couple’s real estate business, The Paffrath Organization, where she’s the property manager. Kevin takes a $100,000 salary, plus commissions on homes he buys.
However, the bulk of their income doesn’t come from real estate transactions or rental income. The couple makes money through Kevin’s TH-cam channel, Meet Kevin, which he started posting to regularly in 2018, as well as numerous affiliate programs. They earned $721,474 from TH-cam in September 2020 and were on track to earn more than $6 million in 2020, as of the time of filming.
In addition to their real estate holdings, Kevin and Lauren have a healthy amount invested: about $7.4 million across four brokerage accounts. However, O’Leary would like to see them use a portion of that to pay off all of their outstanding real estate debt.
“Why isn’t that being used to pay off the mortgages? That’s what I would be doing. I wouldn’t be sitting on it in the market, because there’s always risks of market downturns,” O’Leary says.
O’Leary is impressed with how they handle money as a couple though. One tool they use is a shared spreadsheet where they track all of their purchases. The sheet automatically updates when one of them adds to it, so they’re each able to see where money is going.
“Very smart,” O’Leary says. “You’re tracking your historic spending and you can look at each month to see if anything is going awry.”
O’Leary also applauds Kevin getting into TH-cam as well as real estate because it gives the couple multiple streams of income.
“With Kevin, I think it’s in his nature to always work and he kind of gets a high from making money,” Lauren says.
As an entrepreneur himself, O’Leary understands. “He ain’t gonna stop, it doesn’t work that way,” he says. “You can’t stop. When you’re an entrepreneur and you’re successful and it’s working - you don’t stop.”
Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank.”
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Kevin O’Leary Reacts: Living On $6 Million A Year In Ventura, CA | Millennial Money
Meet Kevin reacts to Graham Stephan Reacts To Kevin O'Leary Reacting To MeetKevin Making $6 Million
infinite monetization loop lol
Meet Kevin is a fraud
lmao
@@annajones9701 This comment is a fraud
🤯
Graham Stephan Reacts To Kevin O'Leary Reacting To MeetKevin Making $6 Million
This is the infinite monetization loop I'm here for. 😎
Meet Kevin suggested watching this.
I react to this
Graham is a fraud..will end bad..
@@annajones9701 What's the fraud? This is news to me lol
the lesson here is.. you dont make the BIG money from real estates. You make them from selling courses on how to make money on real estate.. Its crazy how much you make on selling those courses.. "During the gold rush, the only people making money were the men selling shovels."
Nice
The world needs ditch diggers to Johnny.
Exactly 💯
@@Stanley-px3bt nice! We have a pool, but we have a pond too. Pond might be better for you.
ANd he said he teaches people to make money. He doenst care about if they make money and he may not make money but his course is for him to make that much money.
I love how Kevin O'leary laughs at Kevin getting charged for trespassing and disorderly conduct
Hey Kevin… Just wanted to drop a line and let you know that I’ve enjoyed watching you build your platform where you can connect with your audience. It seems like you’re really enjoying it as well! There’s just something really fun about watching successful people who recognize and appreciate their success while passing on advice to others. Keep up the good work, bro!
Warren Buffett once said "if you don't find a way to make money while you sleep, you
will work until you die'.
That was deep! hardcore fan of Warren Buffett. I got to start investing in mutual funds because of him and I haven't regretted it.
I wish this was taught in college, and I am
just trying to research, learn how to trade stocks and options.
Financial educauon should be taught in
every level of education but because of the misplaced priorities we have in the system,
the ignorant man is suffering it.
Exactly! it's never too late to start. that's why I'm watching how to trade option and equity.
I'm a beginner who is seeking for advice, I want to start trading in this 2021.
1:22.... "I am a full time mother"....Kevin sceptically looks at the camera....LMAO!!!
Not me reacting to Meet Kevin’s reaction of Graham Stephan’s reaction of Kevin O’Leary reacting to Meet Kevin making $6 milllion
*Keep the infinite monetization loop going*
Who dafook is this guy?
Act your age old man, you’re like 30+ years old and saying Gen Z phrases like “NoT mE”.
We are all gonna get rich
Still better than KUWTK
Haha go for it Irv! Love your channel dude
I love how O'Leary says, "I know Grant Cardone!" in a chappy voice, then says nothing more with a slight shake of the head. That was hilarious.
@@cheerslite The Jordan Belfort interview exposed him big time
"I got fish"
He thought of something else to say but immediately decided against it lol
@@etisoppo what happened?
Random Verified Dude reacts to meet Kevin reacts to Graham Stephen reacts to Kevin O'Leary reacting to MeetKevin making $6 Million
😀😃😄😁😆😅🤣😂🙂🙃😉😊😇🥰😍🤩😘😗☺😚😙🥲😋😛😜🤪😝🤑🤗🤭🤔🤐🤨😐😑😶😏😒🙄
😂😂😂😂
😆🤣😂
Random guy reacting to random verified dude reacting to Meet Kevin reacting to Graham Stepham reacting to Kevin O leary reacting to Meet Kevin making $6 million a year
Making $1 million a month😩,that's quite huge....These dudes need to make vides on how to make 6 figures monthly,I have read about investors making up to $650,000 from $150,000 in 2months and I would really want to know how to outperform the market,one like that makes a significant figure..
It’s pretty amazing to see locals in my town do so well for themselves! Congrats!
"I'm not chasing money, I'm chasing the freedom that comes with money!"
Same exact thing... This is equivalent to saying that you aren't trying to get food, you're just trying to get rid of the hunger feeling.
Mr. Wonderful getting in on the infinite monetization loop.
Let’s go!!! Love your comments
Wow!! This was really down to earth advice...marriage down falls, failures, having a plan all really practical ideas and issues..love it !
“That’s gunna make about 20 grand a month, that’s pretty good.” 😂😂😂😂 DEAD💀
Missed a bit of the audio at the end :O, great video!
Casharinooo..... cashatola..... lmao 😂 I’m dead 💀
Kevin O Leary got the numbers wrong on Meet Kevins TH-cam Ad revenue lol. He didnt look at the revenue breakdown carefully enough
Kevin exaggerate his numbers
@@LivingtheDRdream how do you know that? Do you have access into his books?
@@buddydellatorre8394 I can see thru his personality. He is an annoying copy cat of graham Stephen. He wants to be graham Stephen so bad. There is no way he make more money then graham Stephen
@@LivingtheDRdream he makes 6x the content of graham stephan. He’s making way more than him
@@LivingtheDRdream you just jealous
Kevin vs. Kevin needs to be a Netflics mini series. I love both these guys!
Meet Kevin is nuts! And we love him for it.
Who else know that Kevin is already making a reaction video for this right now?
In this video Kevin O'Leary is slowly realizing that Meet Kevin is the GOAT.
The start with the husband and wife not knowing how much each other makes is great! Hahaha!!!
I guess we are all gonna be reacting to the reactions of the reaction from the reaction of that reaction reacting to the reaction of all reactions... whew!!!! haha
Kevin: I can smell real estate
Husband: I work at real estate....
Good for them. They're winning and it's awesome to see
I live fine on $40k a year with a large house paid for and driving old cars. I’m 58 and been retired for 3 years btw. How much money do people really need to live and be happy?
You can be happy with 40k if thats your attitude towards life. Kudos to you man! Not many people,even the ones making millions, have the quality of life you have.
Keep in mind they live in Cali where 40k can buy you a sandwich
That is a number you have to determine. Some people are fine with 40k like you, some people are so hungry for money that their hunger will probably never be satiated
@@slurpenater if you owned everything, where could you keep it safely. LOL !! Seriously, Millionaires constantly worry about holding on to their money. I know a few and that truly is the case.
@@kristopherdetar4346 That is true, the more you have the more you worry about things. I don't want to own everything or a lot of material possessions. I just want a lot of money in my bank account to have financial freedom, and do what I want to do. As well as follow my passion. 1 million at least is my target net worth
Really nice breakdown of this video 🙌🏽🙌🏽🙌🏽
I decided to do the same thing! I hope everyone is finding happiness by focusing on achieving their dreams. This is truly great!
Having rich parents helps too.
Some people thrive on stress, risk, and love confrontation -- if you're not one of them, get to know people in the business before jumping in. I made good money from the business, but it's definitely not for everyone.
@@Duke_of_Prunes sz XL s
Kevin is awesome! His story and vids have helped my wife and I get our feet under us financially!
“Love is fantastic but so is cash flow... and love with cash flow, you will really go, go, go!” 😆
In 2020 alone, Kevin turned 400k into 21million (rough numbers) investing in stocks! He bought the dip hard in March 2020. I tip my hat to you governor!!
Smaller finance youtuber reacting to random verified dude reacting to meet kevin reacting to graham stephen reacting to kevin o'leary reacting to meetkevin
5:31 - 5:38 can we just get a video of @Kevin O'Leary saying 'Cash' in various ways?
Couldn't agree more.... I don't want this this. I NEED this!!!!
@@justpops & Victoria - LOVE the energy here. If we get enough traction and likes, I could see it happen! Lolol
Who's with me?!
Been waiting for this one ♥️
1:25 bro that look took me the f out😂😂😂
Can’t wait for the meet Kevin reacts to the Kevin reacting to meet Kevin
#meetkevinforGovernor
Sorry he is Canadian !!
@@mdte5421 lol meet Kevin for governor
Language enthusiast reacting to... **realizing the react chain is now 13+ layers deep** 😨😰😱
Infinite Monetization Loop!
We need more videos on Kevin’s watches
Liked 👍🏽 Mr. Wonderful’s reaction to the trespassing issue. (And he chuckles)
I laughed so hard when he said Kevin's YT channels will make about 20k per month. Haahaha. It's waaaaay more.
Same lol
Ikr?!?
I don't think he was accounting for how many videos per day he was doing. Not that O'Leary really cares. They just hand him the iPad he reacts and that's it. No indepth analysis.
@@NatashaEstrada facts
@@coleb9410 No, he wasn’t right. YT is directly paying Kevin 200k+/mo which is a little over 10x more.
The hustle in Meet Kevin and his wife is incredible
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Yeah it seems like it. He for sure joined a different societies or associations and has investors in the background we dont know about. Maybe a rich dad too. I'm sure he would still be fairly rich like 500k a year but not 5 million a year without help. But I get it it definitely is impressive and motivates one
Yes can’t wait. Quite the friendship developing here
Sub me
Starting a TH-cam channel is the best thing since sliced bread 🍞
Yes dear. Go do it. My son keeps pushing me to do the same.
Lol
Thanks for watching my video
Guess you’re making progress.
The Kevin Compounding Effect
1:23 Kevin’s face when she says: I’m a full time mother ‘ 😂😂 lmao
Most times, it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks.
I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.
@@garnier3295 That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my coach, you may have come across him on interviews relating to bitcoin. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
@@nyreggie You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe?
@@bjoe631 This is the Fourth time I'm seeing someone talking about Mr Gary as there are lot of testimonies about him, do you know him ? if yes , did you invest with him ?
Love your sense of humour. Very inspirational couple.
The $100k legal fees were just from being sued by Grant, that's not including real estate costs.
That's hilarious. "You can't let work consume you..." The lad is walking on a treadmill, while working. These are rich people problems. #RPP 😎😩🤭🤓
th-cam.com/video/JguRUEEMA30/w-d-xo.html
no, they're poor peoples problems, but he solved them
@@La_sagne Actually UR right. LOL! 🤪
Walking desks are actually really useful, if you can set them up and make them work for you; a few folks in my office have them. They don't get you a fantastic workout, but they do allow you to get the "brisk walk that breaks up the workday" kind of exercise for an hour or so a day, once you figure out how to type.
His laugh about the trespassing LMAOOOO
The more I watch these the more I realize why I’m never leaving the middle class 🤣
Is it because you don't make TH-cam videos teaching people how to leave the middle class? The more I watch these, the more I realize that. I need to start a finance channel.
@@Mehwhatevr i agree lol
@@Mehwhatevr Exactly, when you see that most of their income comes from TEACHING about their CORE/DAY JOB than the CORE/DAY JOB itself then you realize that TEACHING in the digital era is the best way to become millionaire.
That's really it, as long as you start teaching without knowing anything special, you'll be rich
@ yea. you watch guys like graham and you think wow he did great in real estate. and then you find out later that he did ok in real estate, he did great on youtube.
even before the digital age this was true. all the self-help books out there, and get rich quick books.
Wow ! Congrats To Kevin!!!!!!!
Definitely inspiring to see this
Hi Ricky
How are you
one day i’m gonna be making 7 figures and Kevin will be reacting to my monthly spending
Kevin made his own personal financial video just for Kevin O'Leary to review 😂
I didn’t notice the green screen until you mentioned it. Now I can’t unsee the pixels around your shoulder and the green reflection in your face.
Assume this was filmed before O'Leary appeared on Kevin's show? LOL
Hi mama loves
How are you
Lol it’s all interesting
Cali will finally Meet Kevin
th-cam.com/video/JguRUEEMA30/w-d-xo.html
Could anyone tell me the name of the song he sang out @5:08 ? I think it’s Italian.
I subscribe to Kevin's channel...very good info on multiple subjects.
"Pay down the mortgages!" meanwhile Meet Kevin just bought 3.7 million in stock options lol
Is he buying on margin? I think he’s just against debt
The mortgages are deductible on Kevin's taxes -- I would NOT pay them off if my net income were sufficient afterwards. I took ten full years to pay off my apartment building and rental house, and only paid the remainder to avoid refinancing costs.
@@Duke_of_Prunes No, the mortgages are not deductible. Property taxes and repairs are.
@@RealSerie26 you're incorrect, mortgage interest is absolutely deductible. Property taxes are only deductible if you itemize, which many ppl don't do bc the standard deduction is much higher.
This is my relationship with my husband we just not millionaires yet lol
This must've been filmed months ago because Kevin now has 1.58+M subs and they have both since done an interview with each other.
So it's just A and B traded an asset back and forth with a higher and higher price, and the incentive is that higher valuation enables easier access to capitals and lower interest rate, using the new gained advantage, both A and B will then expand their influence into other assets, rinse and repeat.
I feel like the real estate aspect of the income/investing seems very small or not important at all as they primarily make their money through TH-cam.
Love this take on Meet Kevin for Governor of California.
5:53 Because, Kevin, Kevin loves leverage. He used to use margin for leverage in his brokerage accounts but now he uses options instead to avoid liquidation, and wants to keep his real estate leveraged through his mortgage debt.
Love + Cash Flow and you really Go Go Go!!! Lol 😂
Kevin Junior is gonna be worth 100x what O'Leary is at the same age. Just sayin.
$400M is a massive number. It can be done certainly, but they’d have to make their current net worth (as a couple) each year for 35 ish more years to reach that mark. Craziness!
kevin is worth 400 million so I highly doubt it.
@@kylenichols8944 Kevin's already there
@@janehoe. meet Kevin obviously doesn’t currently have a net worth of $400M today...
@@janehoe. LOL
Kevin O'Leary gave Graham an 8.234 Rating and Kevin an 8.743 Rating :O
Kevin Rating - 11:18
Graham Rating - 12:38 (on the millennial money on Graham)
Hasn’t Kevin O’Leary been on Meet Kevin’s TH-cam channel? Or was that Graham’s channel?
Me reacting to Meet Kevin reacting to Graham Stephan reacting to Kevin O'Leary reacting to Meet Kevin: 😮😮😮
Meet Kevin seems like he never gets mad at his wife.He stays happy
And vice versa! Teamwork makes the dream work💪❤️💪
You don't know what happens behind closed doors. If you check out Lauren's TH-cam channel you can see some burdens she has to carry.
He beats her every so often but she handles it like a Champ.
Reason why everyone should have a profitable investment.people need money
You're right Investment is the key to surviving during times like this when the government decided to mess with people.
Bitcoin investment is the best when you're on a profit based platform especially with the current rise.
Investing in cryptocurrency and gold which is better?
I must say I haven't seen a relatable investment, my wife pushed me to start looking into stock and crypto some time before the pandemic because we were looking for other sources of income
@@angelinajoseph7167 Yes that is true, you need an expert trader to trade for you especially as a beginner so you don't make losses.
Now I really have to know: Did Kevin O'Leary record this video before appearing on Meet Kevin's channel, or did he forget he did that, or did CNBC forbid him from mentioning it? Because I was waiting for the "ah ha" moment all video and didn't get it.
=(
Found your channel from Meet Kevin
Kevin is a smart and hardworking guy. I am sure he is also a good husband and father.
And governor
@@cheerslite I don't agree with you. Her wife played an important role in his career. As far as I know, her dad is the one who supported Kevin buying his first property at first.
Knowing Kevin and his number games and taxes... I am sure he wont file for divorce no matter what lmao
@@cheerslite Yeah sure but that initial boost helps a lot. I have 60M+ as a 29y old my mom gave me 35k to invest when I was 14y old. If she hadn't I would have 1M now at most.
This isnt an actor married to an actress and one is way more successful. Who says she want attention or fame?
Being on a treadmill and writing stuff at the same time is gonna destroy your eyes really quickly!!!
Just make 45 min workouts and that's actually enough!!
I love his Runescape Gold shirt though...
Y'all got me... This is an old video but y'all re uploaded or something for it to say "3 days ago".
Now it's probably more like 6 million a month
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MEET KEVIN PAFFRATH FOR CA GOVERNOR 🇺🇸🇺🇲🇺🇲
Kevin O’Leary never ceases to amaze me with the amount of times per video he misunderstands what’s being said...
I agree with Mr. Wonderful- money should have been discussed before even tying the knot but I guess lucky for her that it was a fantastic amount of money they were bringing in! 😂 3:04 - Mr. Wonderful, thank you for saying that! It is really hard to work with your husband/wife, raise little kids, and build a business. We are not near Meet Kevin yet, so I can't imagine the craziness, but even for us small fishes it is really tough to juggle all the things!
Great video, and they are awesome!
TH-cam millionaires always try to tell you that they make millions from other stuff
yep. I need to make a youtube channel. How do you become a millionaire? By teaching people how to become millionaires
This is going to be good!
Get lost Todd
@@annajones9701 ?
@@ToddBaldwin just a joke..cnbc millennial money crew all out
@@annajones9701 Lol right on. I was like man did I do something wrong to Anna?!
@@annajones9701 ...
Meet Kevin and Mr Wonderful Kevin both are amaizing
meetkevin finds a way to put Grant Cardone in the video somewhere 😂😂😂
Lord..... here we go again.
I just applied for millennial money as there needs to be more representation in Europe! I am based in Dublin, Ireland. Fingers crossed I get accepted.
Excellent review!
TH-cam viewer who had this in their recommended reacts to video comments reacting to similar video comments commenting about reacting to other comments (while reacting)
Kevin is the definition of an entrepreneur! I just hope he doesn't learn the hard way by piling more debt.
my boy!
wasn't this video already released?
Here we go/come on, push it/Vote for Kevin/Vote for Kevin
The average salary is not 56k. That's the average household income. Huge difference.
It's the per capita income of USA
@@kaushikyamineni494 Nope. Just Google it. Per capita income is 34k. Median household income is 63k.
@@LlamasAreBest Well, we are talking about California here. The average postal carrier makes 56k a year here.
Random guy reacting to random verified dude reacting to Meet Kevin reacting to Graham Stepham reacting to Kevin O leary reacting to Meet Kevin making $6 million a year
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0:11 basically Graham in 30 years lol
LOL 😂 Kevin’s reaction