Dad Church appreciates both Monica and Shelby's generosity. So many times they have picked up tabs after eating out or purchased thoughtful gifts. thank you
Love the honesty about what you're spending and earning. I'm completely blown away cause I just can't even imagine! But you clearly have worked hard to get here with building your TH-cam for years and working hard to get into real estate. You go girl!
@@bingaling5 That's a bit unfair! She has had her channel for years - still uploading videos after years and years is not something everyone could keep up with. She has spent a lot of time and definitely worked hard to get to where she's today and that's amazing. She's also working on real estate now.
*me, a broke 26 year old who is still in school living with her parents, living vicariously through you* lol! love your honesty, can’t wait for this to be my life style in a few years!
I was a grad student until 32. Started my academic job at 33. Bought my first car at 33. Joined my pension at 34. And still rent now at 37. Everyone moves along at their own pace and your success will look different than mine. Don’t be discouraged! You’ll get there. ❤️
So let me do the math. Monica made $460,000 a year. She spent 92k a year, which is totally fine with that income. She doesn't have to worry about spending more than her budget because she is conscious about what and how she is spending on each category. That's the goal.
@@cesarlopez1497 So you are wrong on the taxes because there are tax write offs when you’re a real estate agent that vehicle that she is using including the gas and the insurance is a business expense going out to dinner with clients that is neither a tax write off you need to be more educated and do your research before you make a comment like that have a good one
I really hope this will be the decade where we stop shaming women for earning a lot of money, and start applauding them, the way we are used to doing it with successful men. So, well done, Monica, your success is inspiring!!!
This is the most transparent money video I've seen from any lifestyle creator I follow and I loved it! It's great to see a creator talk about their finances without being weird or embarrassed about it. Do you make and spend a lot more than I do? Yeah, but good for you for having that kind of freedom. Isn't that what we all want anyway. I pray one day I'll get to the point where I make enough to not worry about money and just have fun!
Loved the way you broke everything down!! Also, can I just say, your videos are the only finance videos I don’t pick my phone up during! The amount of high quality brolls and shots you have in your videos makes it so entertaining, and really gets me to not take my eyes off the screen!
So proud of you Monica. You worked really hard to get a large following on yt and it afforded you time to pursue a passion for real estate (a promising lucrative career). Thank you for being so inspiring and open about this. I love how you don't deprive yourself and you spend so freely on fun things. You literally earned it!
I am sooo proud she is as happy and succesful as she got and is. I seen her from waaaay back then like 2009 and let me tell you they had ALOT OF struggles and scraping by but stayed resilient. Anyone and everyone can make over six figures , just keep planning, diversify, build growth, risk a bit, keep learning , keep striving for improvements, word hard, work hard, work efficient and dont give up. Luv them
It would be cool next year to see a video on what percent of your 2022 income was from youtube vs from real estate. I think a lot of people would be interested in that.
Did that mental math and she made $460k last year, but Monica definitely worked hard AF for every single dollar!! And the fact alone that she saved 80% of that is inspiring cause she lives a relatable lifestyle compared to other TH-camrs and shares her mistakes and tips with us. So you go Monica!! 👏🏽👏🏽
Hi Monica. I have been a Shelby fan for years but this is the first video of yours I have watched. Budgeting at a young age is a brilliant move on your part. Most people, young and old alike, have little clue why they are always out of money. Knowing where the money goes is the key to growing your wealth. Bravo! And yes I am now a subscriber too.
Idk why but i watched this video then your sister’s one on the airbnb profit and now im crying, i think young women being extremely successful and having good well being pulls at my heart strings 😭
I would just like to say how proud I am of you that you are doing so good for yourself! It is so cool that you have been so successful at not only your you tube channel but also your real estate job! Congratulations Monica for being successful and good luck with your bright future!
As a Dutch person I was shocked by the low car payment. Then I looked up the prices of the Macan GTS in the US vs NL, it's crazy. $82,900 vs €147,400. Gotta love those Dutch taxes. That car is literally made next door to us, with no import/export tariffs in the EU and we still pay almost twice, of what an American pays, absolutely ridiculous. Not to mention Dutch salaries are much lower, than in the states and gas price sits at around $8/gallon. It's clear, I'm jealous! Very very jealous!
As a college student going into finance, I love these videos! It’s so inspiring to see women being successful and I’ve learned so much from your videos about your life and real estate! Thank you for sharing your life with us :)
I thought your weekly expenditures are through the roof, until you told us your pulling in 450k+ a year... 😬 You definitely inspired me to be much more mindful of my expenditures!
460k a year is insane. Like, I can’t believe you can live that lavishly and still only spend 20% of your income so she is technically being frugal even though she spends a lot of money. That’s crazy. Why did I not do TH-cam ten years ago instead of engineering school??? Life is not fair lol
Yeah. I was blown away by the amount of money spent a year, hoping that there were some savings.... but BLOWN away at 80% saved. Mind boggling. Monica, if you're reading this - thank you! for being humble even with making nearly half a million a year.
Yeah.. it’s crazy. I agree! I will always try to stay as down to earth as possible. Not worrying so much about if I can pay my bills is an extreme luxury I try not to take for granted.
@@MonicaChurch oh my gosh you replied! I’m a huge fan Monica! I live near the Seattle area so I’m not that far away lol. If you ever need to make a video on real estate south of Seattle in the Tacoma/Puyallup/Bonney Lake area, let me know and I’ll give you a tour of the best places I know!
@@lauraelisee still taking home over 1/4 of a million a year, and saving roughly 65-70% net. I’m super impressed, I knew TH-cam was a good source of income but she spent some months off of it so that’s where I’m awed.
no state income tax in WA but of course she has Federal of about 25% or so - say 72 -90k fed taxes depending on her AGI +SDI +medicare = self-employed pay the full amount of Social Security whereas if you are employed your employer would pay 50%
I would rename this video cause I thought this was another one of the videos where you track your spending in a week, but this was actually much more interesting seeing the actual numbers!
Monica, maybe you should do a video on what’s the percentage you make per your different income streams - what %age through YT, through real estate agent, through Airbnb business et el
I'm curious as to what your goals are if you're pulling in ~$460k/yr and saving 80% at 26? At what point do you want to retire or stop doing TH-cam videos/sponsorships? What are you saving for? What kinds of businesses do you want to start? Some people just make money to spend money, but given you're so good about saving so young, just curious!
This was such a transparent look into your yearly expenses! From the title of the video, I thought it would be similar to your other "What I Spend In a Week as a X Year Old in Seattle" videos, but it was definitely not! It's more of a "What I Spent (and Made) in a Year as a 26 Year Old in Seattle" video! :)
Your honesty about what you spend/earn is so refreshing! And honestly, as beautiful as your life is I'd say you are on the more humble side of what many TH-camrs/influencers purport their lifestyles to be...which often gives unrealistic expectations to people watching because, let's face it, many are living beyond their means! Keep crushing it lady!
I don’t who, but someone actually needs to hear this, you've got to stop saving all your money. Venture into investing some, if you really want financial stability.
Good talk I tell that to my friends everyday. Saving is good investing is much better, I used to think saving would save me but NO, Investing is the real secret of making money.
@@janetmartinez1063 Yeah, that’s true and I will really wish to recommend Ms Delia Luna,I heard about her through Bloomberg podcast and started investing for 4 months ago and been able to buy out my own house with profits she made for me.
This was very interesting to watch! 2021 was my first year making over six figures, and I've been very surprised to find the money doesn't go quite as far as I thought it would. Love the idea of two different CCs for two different types of expenses!
@@tiffanys221122 @Amara M it’s opportunity cost. If I buy a $100K car cash, then I’m saving the 2 or 3% interest that I would have paid. If I invest that same $100K and finance the car, then I’m earning the market average (which is 8-10%) minus the interest paid. So it makes more sense to finance and earn 5-8% than pay cash and save 2-3%. But that ONLY works if you invest the money that you otherwise would have spent.
Love the transparency. With all the different streams of income; I assumed you made much more. But making welllllll over your comfortable spending; is definitely a dream.
I aspire to be in that financial position - to have the freedom to spend without having to worry about it breaking the bank! Thank you for this transparency, and great job on earning that level of income!
I really love the transparency in your finance videos. It is so important to keep working to break the stigma around money, so thank you for making this video!
This video was so motivating for me! I want to be financially dependent, live an unrestricted life too, you inspire me so much. On bad days, just know you keep others going!
I love seeing this!! I have been following you since your high school days (doing diving & gymnastic videos). I have seen some videos of you where I can tell you were not the happiest. I'm happy to see you made it so far and is truly happy! Super proud of you and who you came to be!! Exciting to see continue to thrive!
I am 23 years old and from Germany and here none of my friends have really a credit card. I have 3 because i travel a lot and i find it also a bit shocking how talking about money is more a tabu topic here in Germany. Such a good video. I really love you content!
Regardless of what you spend, I commend you on knowing where your money is going and being conscious of how you spend. So many people have no clue where their money goes. This makes it really hard to decide when and if you want to cut back or prioritize.
($92000 x 100) / 20 = ~$460,000 per year, think my math might still be wrong on this one 🤔, but it doesn’t really matter how much she makes cause Monica works hard for her money and deserves all the luxuries she could ever want 💕
My dad gave taught me something I find helpful which is the rule of thirds - your rent/mortgage should be no more than 1/3 of your wages, then you can spend 1/3 each week and try to save 1/3. If you can work what 1/3 of your wages are, try to make sure that's left in your savings account each week.
This was super interesting! I discovered yours and Shelby’s videos in 2020 and really enjoy your content. Super weird but as an newly empty nester I feel so very proud of you! I need to get my mothering under control… :) Great job Monica!
Very impressive, almost a half of a million dollars. Also being self employed or if you created an LLC for your TH-cam, I can imagine you have huge write offs. I actually just hit my first 7 figure year with my business (however, I am 40 yo). To make 500k at 26 years old is very impressive. Congratulations to you. I hope to see you keep up the amazing work.
Absolutely love videos about money, especially yours, money is not a taboo topic, thank you for sharing ☺️ It’s all relative at the end of the day & I sensed early on that although the numbers were adding up, when it came to a % of your income it wasn’t going to be extravagant! However did not expect that amount to equate to only 20% & 80% saved, amazing 😍
"sorry graham stephan" hahaha deceased. Good for you - so deserved for the work you have put into your life. Thank you so much for sharing + motivating!
Omg... I was viewing all of this in the context of what I make and could not believe you were spending the money on what you were, until I learned that it was 20% of your total income.... go off sis. Drive your porsche and get your coffee, love that for you.
Great video, Monica - I moved to Seattle from LA a few years ago and thought I'd save "TONS" of money but I felt like my spending habits didn't change much... your end of year calculation of save vs earn is a helpful frame of reference. I've increased my income but kept my spending stable, so ... yeah - I guess I save a "TON" more! ;)
when you say you save 80% of your income before taxes... I mean for a lot of people taxes are nearly half of your income. I would be more interested in how much you save of your income *after* taxes. I guess you probably think about it a bit differently since as a self-employed person, your taxes are paid all at once in a big lump sum (I assume) whereas for those who are employed, taxes are just automatically deducted and you never really see that money.
Considering that she’s in the top 1% of US earners, she also passes the annual threshold for topping out SS contribution as well. I find it a little odd that she doesn’t touch either of these points. Everyone watching this video should keep in mind that she makes nine times the median salary for all American workers, which is about $50k annually! I’m happy for her success. It’s also important to remember that just because someone works very hard and is successful enough to be in the top 1% of earners, doesn’t mean that someone earning the median income hasn’t worked hard.
Dad Church appreciates both Monica and Shelby's generosity. So many times they have picked up tabs after eating out or purchased thoughtful gifts. thank you
Aw love you dad!
Love the honesty about what you're spending and earning. I'm completely blown away cause I just can't even imagine! But you clearly have worked hard to get here with building your TH-cam for years and working hard to get into real estate. You go girl!
She got lucky with TH-cam, she barely uploads now lol she isn’t working hard on her YT at all
@@bingaling5 That's a bit unfair! She has had her channel for years - still uploading videos after years and years is not something everyone could keep up with. She has spent a lot of time and definitely worked hard to get to where she's today and that's amazing. She's also working on real estate now.
@@bingaling5 she works in real estate now, that’s why.
*me, a broke 26 year old who is still in school living with her parents, living vicariously through you* lol! love your honesty, can’t wait for this to be my life style in a few years!
Same girl same
I was a grad student until 32. Started my academic job at 33. Bought my first car at 33. Joined my pension at 34. And still rent now at 37. Everyone moves along at their own pace and your success will look different than mine. Don’t be discouraged! You’ll get there. ❤️
Friend, you’re definitely not alone there. I too am 26, studying my masters, living with my parents and living vicariously through TH-camrs
Exact same. Remember when we thought turning 18 was going to change our lives? Maybe 30 is the new 18 lol
O hey gang of 26 year olds still in school and living at home 😂. Glad there’s a few of us
So let me do the math. Monica made $460,000 a year. She spent 92k a year, which is totally fine with that income. She doesn't have to worry about spending more than her budget because she is conscious about what and how she is spending on each category. That's the goal.
yeah but like 145k goes to taxes so she keeps about 230k which is alot! good for her she needs to diversify her income tho
@@cesarlopez1497 she’s on TH-cam, is a realtor and owns real estate. Can’t imagine telling someone like that they need to diversify further lol
@@baileybee ohhh investing tho index funds stocks elon musk lol
@@cesarlopez1497 So you are wrong on the taxes because there are tax write offs when you’re a real estate agent that vehicle that she is using including the gas and the insurance is a business expense going out to dinner with clients that is neither a tax write off you need to be more educated and do your research before you make a comment like that have a good one
I really hope this will be the decade where we stop shaming women for earning a lot of money, and start applauding them, the way we are used to doing it with successful men. So, well done, Monica, your success is inspiring!!!
Thank you Julia!
Definitely! Love this! ❤
Just no leftist feminists red pill men around
How is earning a lot of money a bad thing? Isn’t that the goal for all sexes?
@@jibrilrobinson1587 agreed
This is the most transparent money video I've seen from any lifestyle creator I follow and I loved it! It's great to see a creator talk about their finances without being weird or embarrassed about it.
Do you make and spend a lot more than I do? Yeah, but good for you for having that kind of freedom. Isn't that what we all want anyway. I pray one day I'll get to the point where I make enough to not worry about money and just have fun!
Loved the way you broke everything down!! Also, can I just say, your videos are the only finance videos I don’t pick my phone up during! The amount of high quality brolls and shots you have in your videos makes it so entertaining, and really gets me to not take my eyes off the screen!
Thank you!
So proud of you Monica. You worked really hard to get a large following on yt and it afforded you time to pursue a passion for real estate (a promising lucrative career). Thank you for being so inspiring and open about this. I love how you don't deprive yourself and you spend so freely on fun things. You literally earned it!
I am sooo proud she is as happy and succesful as she got and is. I seen her from waaaay back then like 2009 and let me tell you they had ALOT OF struggles and scraping by but stayed resilient. Anyone and everyone can make over six figures , just keep planning, diversify, build growth, risk a bit, keep learning , keep striving for improvements, word hard, work hard, work efficient and dont give up. Luv them
It would be cool next year to see a video on what percent of your 2022 income was from youtube vs from real estate. I think a lot of people would be interested in that.
I totally would be! I want to know how successful she is as a broker
totally agree!
I’ve been here since I was in middle school watching hairodynamic videos. 10 years later and Monica still inspires me every time I watch her videos.
You’re a ray of sunshine in a dull world. So is your sister!
Did that mental math and she made $460k last year, but Monica definitely worked hard AF for every single dollar!! And the fact alone that she saved 80% of that is inspiring cause she lives a relatable lifestyle compared to other TH-camrs and shares her mistakes and tips with us. So you go Monica!! 👏🏽👏🏽
Thank you for doing the math! In my 22 years math has never been a strong suit for me
EARN THAT MONEY AND SPEND IT TOO!! love seeing financially strong women. its an amazing thing for any young people to see too!!
Hi Monica. I have been a Shelby fan for years but this is the first video of yours I have watched. Budgeting at a young age is a brilliant move on your part. Most people, young and old alike, have little clue why they are always out of money. Knowing where the money goes is the key to growing your wealth. Bravo! And yes I am now a subscriber too.
460k for those who are curious. Proud of you girl! Live that life!
Idk why but i watched this video then your sister’s one on the airbnb profit and now im crying, i think young women being extremely successful and having good well being pulls at my heart strings 😭
I would just like to say how proud I am of you that you are doing so good for yourself! It is so cool that you have been so successful at not only your you tube channel but also your real estate job! Congratulations Monica for being successful and good luck with your bright future!
Thank you very much!
The first video I ever watched of yours was about financial transparency. You are the OG for this- pls keep it up!
As a Dutch person I was shocked by the low car payment. Then I looked up the prices of the Macan GTS in the US vs NL, it's crazy.
$82,900 vs €147,400. Gotta love those Dutch taxes.
That car is literally made next door to us, with no import/export tariffs in the EU and we still pay almost twice, of what an American pays, absolutely ridiculous.
Not to mention Dutch salaries are much lower, than in the states and gas price sits at around $8/gallon.
It's clear, I'm jealous! Very very jealous!
As a college student going into finance, I love these videos! It’s so inspiring to see women being successful and I’ve learned so much from your videos about your life and real estate! Thank you for sharing your life with us :)
I thought your weekly expenditures are through the roof, until you told us your pulling in 450k+ a year... 😬 You definitely inspired me to be much more mindful of my expenditures!
460k a year is insane. Like, I can’t believe you can live that lavishly and still only spend 20% of your income so she is technically being frugal even though she spends a lot of money. That’s crazy. Why did I not do TH-cam ten years ago instead of engineering school??? Life is not fair lol
Yeah. I was blown away by the amount of money spent a year, hoping that there were some savings.... but BLOWN away at 80% saved. Mind boggling. Monica, if you're reading this - thank you! for being humble even with making nearly half a million a year.
460k before taxes though since it’s gross income
Yeah.. it’s crazy. I agree! I will always try to stay as down to earth as possible. Not worrying so much about if I can pay my bills is an extreme luxury I try not to take for granted.
@@MonicaChurch oh my gosh you replied! I’m a huge fan Monica! I live near the Seattle area so I’m not that far away lol. If you ever need to make a video on real estate south of Seattle in the Tacoma/Puyallup/Bonney Lake area, let me know and I’ll give you a tour of the best places I know!
@@lauraelisee still taking home over 1/4 of a million a year, and saving roughly 65-70% net. I’m super impressed, I knew TH-cam was a good source of income but she spent some months off of it so that’s where I’m awed.
You girl are amazing and humble. I love people who share their success and are honest. Good job girl! i cant wait to get my porsche and make 500k too!
Income 460k, expenses 92k, taxes (for WA state, approx) 150k
Savings 218k
no state income tax in WA but of course she has Federal of about 25% or so - say 72 -90k fed taxes depending on her AGI +SDI +medicare = self-employed pay the full amount of Social Security whereas if you are employed your employer would pay 50%
@@sterlingmarshel6299 her fed taxes would be about 150k. That's what I mentioned
Honestly good for you Monica! Goals! The fact you get the live the life you want to and still save 80% is incredible :)
Now that I’m at college I’ve been so cautious about money and job searching. These videos are so insightful ty!
I love that you did this after a year... when its just a week its never a representative week
I find this video to be really helpful, thanks for being transparent and honest
I would rename this video cause I thought this was another one of the videos where you track your spending in a week, but this was actually much more interesting seeing the actual numbers!
What would you suggest I rename it? Definitley open to better ideas!
@@MonicaChurch hmm maybe something like “Breakdown of My Average Weekly Spend in 2021” but you know keywords of TH-cam much better than me!
@@LindseyDrennan i agree with this idea!! wouldve clicked even faster LOL
you’re racking up almost half a mil yearly??? IM TRYNNA BE LIKE YOU 😭 love these videos and your honesty.
Monica, maybe you should do a video on what’s the percentage you make per your different income streams - what %age through YT, through real estate agent, through Airbnb business et el
$460,000 income per year
image having 92,000 to spend
I'm curious as to what your goals are if you're pulling in ~$460k/yr and saving 80% at 26? At what point do you want to retire or stop doing TH-cam videos/sponsorships? What are you saving for? What kinds of businesses do you want to start? Some people just make money to spend money, but given you're so good about saving so young, just curious!
This was such a transparent look into your yearly expenses! From the title of the video, I thought it would be similar to your other "What I Spend In a Week as a X Year Old in Seattle" videos, but it was definitely not! It's more of a "What I Spent (and Made) in a Year as a 26 Year Old in Seattle" video! :)
Ohhh I love that title idea! Changing it! Thank you!
I enjoy these videos as well as the transparency! Thanks for sharing, Monica!
Your honesty about what you spend/earn is so refreshing! And honestly, as beautiful as your life is I'd say you are on the more humble side of what many TH-camrs/influencers purport their lifestyles to be...which often gives unrealistic expectations to people watching because, let's face it, many are living beyond their means! Keep crushing it lady!
Wow, 26 years?! You must have invested in a lot of places doing your teens to be this successful!
I don’t who, but someone actually needs to hear this, you've got to stop saving all your money. Venture into investing some, if you really want financial stability.
Good talk I tell that to my friends everyday. Saving is good investing is much better, I used to think saving would save me but NO, Investing is the real secret of making money.
@@brandontgreen6742 What if you don’t know how to trade any of these?
There are brokers/ mentors who offer guidances and platforms where you can invest and watch your money multiply in months.
@@janetmartinez1063 Yeah, that’s true and I will really wish to recommend Ms Delia Luna,I heard about her through Bloomberg podcast and started investing for 4 months ago and been able to buy out my own house with profits she made for me.
This was very interesting to watch! 2021 was my first year making over six figures, and I've been very surprised to find the money doesn't go quite as far as I thought it would. Love the idea of two different CCs for two different types of expenses!
Congrats on your first (of many) six figure year!!
@@MonicaChurch with how much you make and save can you explain the reason for financing your car??
@@tiffanys221122 good question lol
@@tiffanys221122 @Amara M it’s opportunity cost. If I buy a $100K car cash, then I’m saving the 2 or 3% interest that I would have paid. If I invest that same $100K and finance the car, then I’m earning the market average (which is 8-10%) minus the interest paid. So it makes more sense to finance and earn 5-8% than pay cash and save 2-3%. But that ONLY works if you invest the money that you otherwise would have spent.
I’m so happy and proud of you. Motivation at its finest.
Love the transparency. With all the different streams of income; I assumed you made much more. But making welllllll over your comfortable spending; is definitely a dream.
I have been watching you since end of middle school (now about to graduate college) so I can attest that you definitely deserve this!!
Super interesting! Really appreciate you being so transparent about all of this.
I aspire to be in that financial position - to have the freedom to spend without having to worry about it breaking the bank! Thank you for this transparency, and great job on earning that level of income!
I really love the transparency in your finance videos. It is so important to keep working to break the stigma around money, so thank you for making this video!
You’re doing so great for yourself and living far below your means, but Graham will still come after you in a reaction video 😭
This video was so motivating for me! I want to be financially dependent, live an unrestricted life too, you inspire me so much. On bad days, just know you keep others going!
7:51 - shout out to the stefamily and bankroll coffee! LOL!!!!!! Now we really need that react video!!!! 😅😅😅😅😅😂😂😂
That's really amazing! You live a life you love and are happy, that's really the dream for most people.
I love seeing this!! I have been following you since your high school days (doing diving & gymnastic videos). I have seen some videos of you where I can tell you were not the happiest. I'm happy to see you made it so far and is truly happy! Super proud of you and who you came to be!! Exciting to see continue to thrive!
sometimes I can't believe I've been here with you in this channel since 2016? maybe even before that. we have grown up together 🥺
I am 23 years old and from Germany and here none of my friends have really a credit card. I have 3 because i travel a lot and i find it also a bit shocking how talking about money is more a tabu topic here in Germany. Such a good video. I really love you content!
Regardless of what you spend, I commend you on knowing where your money is going and being conscious of how you spend. So many people have no clue where their money goes. This makes it really hard to decide when and if you want to cut back or prioritize.
Your car is F&$kn nice, got way more appeal than an agent driving me round in a model 3. Keep up the good work.
Love these vids!!
This is so good, thank you for your candor! Inspiring!
Love it! Would love to see how you break down your savings as well!
for 2022 i want to say "i make good money for myself, i can have a lot of fun" 🥺
We could all hear Graham Stephen's head exploding at the $120/month coffee expense 😀
All I have to say is, yay - you reached that one goal of yours! “Go Little Rock Star”
Love the transparency Monica! Always enjoy your videos.
($92000 x 100) / 20 = ~$460,000 per year,
think my math might still be wrong on this one 🤔, but it doesn’t really matter how much she makes cause Monica works hard for her money and deserves all the luxuries she could ever want 💕
You gotta pay taxes on that buddy. She said gross.
Your math is correct. If 92K is 20% of her income then 5 x 92K is her income. Simple math.
Congrats! I'm a high earner as well so I enjoy these types of videos - I also try to keep my things low while being mostly unrestricted.
My dad gave taught me something I find helpful which is the rule of thirds - your rent/mortgage should be no more than 1/3 of your wages, then you can spend 1/3 each week and try to save 1/3. If you can work what 1/3 of your wages are, try to make sure that's left in your savings account each week.
I loved this video! Thank you for sharing!! You are crushing it on youtube and real estate 🙌🏽
This was a really well done breakdown!
This was super interesting! I discovered yours and Shelby’s videos in 2020 and really enjoy your content. Super weird but as an newly empty nester I feel so very proud of you! I need to get my mothering under control… :) Great job Monica!
Wow! You did get into the nitty gritty. Super interesting to hear different perspectives👍
Wow! $500K income a year is outstanding for being 26. Those real estate sales comissions are working out nicely!
I really appreciate your honesty.
Good for you, Monica! You work very hard and deserve al your success.
So happy to see you so successful Monica, and I love all of your videos as always!
HECK YA sister! I love seeing other people make great money and enjoying themselves! Thanks for sharing!
girl out here making 4 million? congrats 🥲
No it was $460,000 I think
Why are we all thinking that money is "success"? Some people measure success by how much we give back to our community.
I couldn't agree with you more! you hit the nail on the head.
Very impressive, almost a half of a million dollars. Also being self employed or if you created an LLC for your TH-cam, I can imagine you have huge write offs. I actually just hit my first 7 figure year with my business (however, I am 40 yo). To make 500k at 26 years old is very impressive. Congratulations to you. I hope to see you keep up the amazing work.
Thanks so much for sharing this Monica! You're such an inspiration!
Yes Orangetheory! I see those glowing orange lights! I’m a coach at an Orangetheory in nyc, so love to see it!
Really cool to see what you spend a week in Seattle! Gives a nice ideas of what the costs are haha
You go girl!
This was an amazing video 🙌🏽🙌🏽❤️
Dang! $460k a year!! You are killing it!!!
Fascinating! You go girl! Life is short so I’m glad you’re enjoying yourself. 💜
Thank you so much for sharing!
You earn your money and work hard. So nice to see someone enjoying it without being braggy. You must be proud of your hard work well done!! X
Jason, Monica is a keeper, LOL... Congrats Monica, looking forward to Graham having a cow... hahaha....
Absolutely love videos about money, especially yours, money is not a taboo topic, thank you for sharing ☺️
It’s all relative at the end of the day & I sensed early on that although the numbers were adding up, when it came to a % of your income it wasn’t going to be extravagant!
However did not expect that amount to equate to only 20% & 80% saved, amazing 😍
Amazing video Monica! Thanks for sharing. You to girl
Great video!! Your car is bad ass❤️
400k/year is nuts
These videos keep getting better🙌😊
I'm waiting for Graham to cover this video 👍🏼 congratulations Monica on all your success 💐💐
"sorry graham stephan" hahaha deceased. Good for you - so deserved for the work you have put into your life. Thank you so much for sharing + motivating!
These are my favorite videos! I look forward to the transparency each year from you and Shelby 😁
Omg... I was viewing all of this in the context of what I make and could not believe you were spending the money on what you were, until I learned that it was 20% of your total income.... go off sis. Drive your porsche and get your coffee, love that for you.
Great video, Monica - I moved to Seattle from LA a few years ago and thought I'd save "TONS" of money but I felt like my spending habits didn't change much... your end of year calculation of save vs earn is a helpful frame of reference. I've increased my income but kept my spending stable, so ... yeah - I guess I save a "TON" more! ;)
So excited!
Your hair looks great in the video!!
That’s awesome! This video made me feel so empowered
when you say you save 80% of your income before taxes... I mean for a lot of people taxes are nearly half of your income. I would be more interested in how much you save of your income *after* taxes. I guess you probably think about it a bit differently since as a self-employed person, your taxes are paid all at once in a big lump sum (I assume) whereas for those who are employed, taxes are just automatically deducted and you never really see that money.
Considering that she’s in the top 1% of US earners, she also passes the annual threshold for topping out SS contribution as well. I find it a little odd that she doesn’t touch either of these points.
Everyone watching this video should keep in mind that she makes nine times the median salary for all American workers, which is about $50k annually!
I’m happy for her success. It’s also important to remember that just because someone works very hard and is successful enough to be in the top 1% of earners, doesn’t mean that someone earning the median income hasn’t worked hard.
@@MeloniousThunk or that the person making more money is any happier 😊