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Living On $515K A Year In Berkeley, California | Millennial Money
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- เผยแพร่เมื่อ 11 ส.ค. 2021
- Sahil Mehta, 25, makes $515,000 a year as a real estate investor and developer for Golden Gate Sotheby's in Berkeley, California. Sahil, along with his brother Suyash, own 5 properties in the area. Sahil, along with his siblings, plans on buying a property for his family later in 2021.
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Living On $515K A Year In Berkeley, California | Millennial Money
Dad is a physician, mom business owner. Older siblings to lead the way. Incredible support system. A pattern with these young successful individuals.
Typical Indian immigrant family in the US. The highest earning demographic ground in the US.
I feel so honored, thank you so much for the opportunity to share my story!! I’ll answer any questions & post more about my journey on my new YT channel!
Watch Graham Stephen and meet Kevin they are like you almost same journey
Your story is amazing! How did you get into real estate?
Great work, bud 💪🏾
Amazing success! I am kind of the opposite, my parents had money but I am making little income but I am ok with it.
this should be a pinned comment!😃
I love seeing families work together to ensure each other’s success. Not everyone has that kind of support!
True! That's exactly why many young people struggle.
@@JoyFay cause boomers ain’t support us like their parents supported them smh
If you do know me then you are sure all the support you need is guaranteed
Tell me about it. I would give anything to have wish my parents had been the better support system and better guidance for me
@@bcasa3376 look at the comment above I let a number to reach me but it's written in text form because of TH-cam rules
Seeing children of immigrants be this successful makes my heart so warm. So glad all of his parent’s sacrifices as well as his hard work paid off.
Republicans want to focus on drug dealers
@@thetruthsayer8347 key word illegal
@@dakshjhamb5514 that’s what they say but the make all forms of immigration difficult.
his dad was a doctor, he was never really broke
Being an immigrant means nothing
those kids who sold candy bars and snacks in their lockers were the backbones of grade school 😂😂
I'm one of them, retired at 25 last year, only work a couple hours a week doing consulting calls
Lincoln Scott Bru help me
Me me me 😂😂😂I made like 500% profit. Lol!
Sometimes the family you need to grow espidentially is not in your homes,you can find those families sometimes in a seminar, conference social and business gatherings
Lol I did that started middle school, happily retired before 30 now. Hustling at a young age made me appreciate the true value of money
This video alone shows why financial literacy is so important
really?
Exactly! Knowledge is power. If you get that knowledge early, more powerful.
Having rich parents helps too. 🙄
@@suchabadkitty1293 it does! But multiplying that wealth from generation to generation involves knowledge of how the system works and the advantages you can get to make it even easier!!!
@Cora Loves Glam It's not just mere financial literacy, it's a mad combination of execution skills, discipline and tenacity which is extremely hard to find. Just sitting there and collecting knowledge will not do anything.
This kid's an absolute grinder. He'd be successfully in any field.
Quite agree!
@@adde-j6q A true model. FTFY
probably on grindr
@@yeaabuddy8929 hahaha I thought the same. Either that or extremely metro
The best part is that he has a very common, un-flashy job (Executive Assistant). Proving that it's everything else that you do besides your job (grinding for the best education, saving super early, etc) that really counts.
I like how they basically spend 15 seconds on the fact that this dude works as a 25 year old secretary to a famous real estate agent and makes $350-$400k doing that. C’mon CNBC like you couldn’t do a deeper dive into that. That’s the real story here, so many unanswered questions
😂 I would agree
@@robwashington-personalfina5674 Agreed. That's the real cruz of the story here. Dude is very nice and smart but clearly a very low key introvert. How did he get the connections to get hired by one of the wealthiest RE Brokers.
NEXT week sh!tshow "How DUMP jr. is a suxsexful realestate manager" ?
@@sidehustletips daddy ?
@@sidehustletips Go to the top public university in the world? I am sure he had plenty of options
Inspired is an understatement. He's grounded, humble, brilliant with a serious work ethic. You can tell his parents put their best in molding such an amazing human
Yup! Not a bit of arrogance in this guy, despite his wealth. Love it!
This is all true and yet I still don't find him relatable. When we walk down the street together to grab a bite to eat, the world he's experiencing is completely different from the one I'm experiencing.
Taking care of your parents when they're old, qualities that Asian people should be proud of.
As someone who is Westerner travelled all continent I can tell you most are the same except in the West we have different belive system.
Literally the whole world besides the west lol it's not an Asian thing
@@d.jmamba7237 exactly and I can't fathom it. It's corrupt
And his parents aren't even old, which makes it even more commendable.
If only white people were like that, kid's leave their parents when they're 18
i don't think i've ever respected anybody's hustle more for somebody my age. he definitely had more things accessible to him than i did growing up, but i know had i had the same opportunities as him, i wouldn't have thought to do nearly half of what he's done. man is a monster, mad respects
"Really glad you see the brighter picture,text me when you can,I think I got something you might want to look into"
He's crushing it at such young age, he already accomplished more then a lot of people in their lifetime. Not to mention he's a good human being giving back to his parents.
americans give out loans to their parents and send them out to nursing homes. lol. it's sad to see that. many other cultures give out "sponsorships" and "grants" to their parents and buy their parents a home or it's a multi-generational home where their parents live with them.
LOL @ giving back to his parents. His dad's a freaking doctor. This guy and his bro are hardly self-made.
@@LoganAllec umm.. okay Logan
@@riskbusin3ss LOL believe fairy tales if you want. You can do anything with family wealth or, at the very least, a parent with 1) a multiple-six-figure salary who can cosign on a mortgage or 2) a network of rich doctors. And spare me the 2000 and 2008 sob story. That affected everybody. Even if his dad lost everything (which I guarantee he didn't), he was still a doctor making a doctor's salary after 2000 and after 2008. Y'all crazy if you think this guy and his brother amassed a portfolio of five properties in the BAY AREA FOR CRYING OUT LOUD in their teens / 20s from absolutely nothing. There's a common thread in these financial wunderkind stories...
@@LoganAllec fair point.
The biggest chunk of his income comes from an executive assistant role. (around 300k). And this topic is almost not discussed in the video. Why? It's an exciting topic.
I agree. I didn't know executive assistants could make that much!
That's what I was thinking. I wish they would have talked about that because that income is the gateway to his real estate investing. Loved his story and personality.
Executive assistants usually have to maintain discretion and confidentiality. If it's not featured, it's probably because he's was prevented from doing so.
@@thuythuy88 They make that much because they are at the 24/7 endless whim of the executive they're working under. This is displayed well in Devil Wears Prada and in Succession.
When I was an executive assistant, the highest salary I earned was $80K a year. I wish I thought to go into real estate. Had no idea you could get commissions as an EA.
Parents raised him right, The dude is future Billionaire
if his parents raised him right he wouldn’t become on e
@@arjunshankar6966 Huh?
😲it's u big fan yo
look at the statistics, noone becomes a billionaire its a fantasy, you have better luck becoming an astronaut
I don’t think you understand what 1 billion is. He’d have to become a major real estate tycoon to reach that. More like a multi millionaire which is still awesome, congrats to him.
“When you have your reason and a really grounded mission, the sky is the limit” congrats brother ! I look up to you
I went to college with his brother, the referee, such a nice guy. Very cool success story and love the family closeness!
What did his brother study?
He's cute too
In fact do you know what he studied?
@@TNexpert no he isn’t his Money is cute to you
@@alp.9672 okay there’s nothing wrong with it
Video is omitting some significant details. He’s not self made. It says after he graduated and he bought his first rental property. Someone is bankrolling him cause no way he made that much capitol on his own to buy a property right after graduating college
His parents paid the down payment on the property. I know a few wealthy south asians who I graduated with, have the same done for them by their parents.
Dude's dad is a doctor and who knows how much his mom makes at the business. Much easier to take big risks when you have seed money and a safety net like that. Good for him nonetheless if his story is legit. I find a lot of these "make it" segments to be a bit embellished and/or missing key details.
Nobody is truly self made. Nobody.
@@mihir9608 You Americans think "self-made" means going from being homeless to a millionaire in the span of 5 years. Parents kicking their children out, and children abandoning their parents, is a part of your culture. Every kid has parents who had jobs or some investments/savings. But Americans think it's a good idea to destroy the nuclear family
@@___________2204 calm down soldier, im not even american
This guy is amazing, he knows the value of money and seems so respectful. He doesn’t seem arrogant and loves his family. He has his head on his shoulders. What an inspiration!
This goes to show how IMPORTANT a strong, healthy family environment can be. I came from a toxic, dramatic abusive household. BUT if you surround yourself with positive, good people & fight to make your life better it will change to how you want it. BE the change you want to see in the world :)
Well said
same here man , same here :(
same here bud.
Not sure if he's changing the world, he didn't mention that but I agree with the rest.
ugh, it's important to have Doctor dad and Business Owner mom to help with CASH to invest for free. Positivity and goodness didn't give him the money to invest, it's easy....
He is so humble and genuine! His parents raised him and his siblings so well. He never gave up during adversity and is seeing the many fruits of his determination and tenacity. Wishing him all the best with much success!!
“I don’t pay rent right now I live in a building that I own”
Goals
gangsta
That was such a flex
Probably pays a lot of property tax tho.
This guy is gold! kudos to his parents for raising such a smart and humble person.
Quite agree!
Why do I feel like there is a huge part of a backstory and a lot of holes that is not being told? Like how did he find an exec asst job paying $515K a year, that alone seems like a suspicious or at least a tremendous outlier in the market. Where did he acquire the initial capital at his age to begin investing in real estate in one of the most expensive markets in the world. This whole story does not add up. It seems like there is a primary investor in the background because at his age he not even be able to qualify for a loan to get this project off the ground. Suspicious
Let say the first property he got was around 800K in 2017. You need at least 40k (5%) for downpayment and he was still in college that time. How did he acquire those fund? Nevertheless, he invested well with his money though so props to that.
He got a fake salary hired by family property business to qualify for mortgages and then family have him deposits and other family members to buy the properties
Just like many success stories. These kids were born into rich and educated families and were sent to private schools then met with richer people. Same effects repeat over and over then get hooked to high paying jobs. That’s how life works.
@@annajones9701 same Indians, Iranians in the US do that. They are huge families with 10+ family members
@@hh0686 all they do is pay themself a fake salary to qualify
The video is nonsense. What does he do? How does he earn money? They have 9.4 million invested with his brother, and most of the properties were bought during one year? How is that possible, did they win a lottery? Did he earn any money to invest or the video actually should be about his brother? He plans to earn 350-400k as an administrative assistant in 2021, which is totally impossible. 35-40k may be, but not 10 times more. And at some point he says he can wipe out entirely what he made in a month, which makes much more sense to me than the beautiful picture of a smart "investor-developer", which CNBC tries to make of him for some reason. Nonsense.
You know nothing, John Snow,
Bro he just hustled harder than everyone else
@@akalion213 This is what the video wants you to believe in. But they do not explain anything about what he is actually doing and how he earns money (beyond $35k as an administrative assistant). Look like a totally made up story.
@@kdn1982 In the article it says he bought his first property when he graduated because he saved up money somehow. Yeah sounds legit.
I love his humility! One of the best episodes with one of the highest earnings so far. I want to be like this guy when I grow up. Well done!!! 👍👍👍
This kid graduated high school and entered Berkeley as a junior? This dude is mad smart and driven
FYI: Most students who graduate high school and get into elite colleges have enough AP credits to enter as juniors.
@@swicheroo1 not correct. Most people with APs can maybe get a semester's worth of credits through their APs. Coming in as a Junior is insane.
For him to come in as a junior means he was already taking college courses while he was in HS lol
@@robertgilmore9617 it is super odd imo. My school had a max on AP credits at 1 semwster and I was far above it/had to not take some. It is weird that Berkley even allows you to use that much unless he just took community college courses while in high school
@@gregorysefian4275 thought the same thing! My school did the same.
I like how he has such a cool head on his shoulders. You deserve the success you have and yet to achieve!
Kudos to his parents for upbringing such a wonderful kid.
Yes they did good
Making the right investments with the little you have is a step forward to earning passive income, only if people knew how to.
I would love to invest in real estate. Any suggestions on related investments?
@Graham Stephan ✓ hi Graham, I need help finding the right investments and a profitable one also.
Wow, hello Graham Stephan and kevin. You guys are amazing. I would love your guidance on the right investments to make
“I know it looks that way but I do try and go to the gym” I feel ya bud lol
He looks 15 and 25 at the same time!!😂😂😂
😆😂... cause he is tall, wish i was 😅... his face is youngish looking but his frame is of a 25 yr old... if he was 5’-7” he would def look 15
This young man is so wonderful. He and his family. And may I say the houses' interiors they showed were beautiful. I wish him and his loved ones so much success. I liked this profile so much.
Desi and physician dad. You were already set dude.
Did you not watch the video? His dad is disabled. He takes care of him now.
Whats Desi?
@@johngerring2505 and they aren't retired. His dad is still working and going on holidays with him. So when he was working as an executive who paid for his expenses because he saved 99% for Berkely.
Was surprised that his Dad was a physician and his son is financially supporting him.
@@RAJohnson713 desi means one country/land refers to people of Indian, Pakistan, or Bangladesh descent since they were country.
"I don't pay any rent right now, I live in a building I own"
I'm on the budget version of that...rent hacking instead of house hacking.
Haha same. It’s called my wife
Explain
@@jaredtheboss Roommates
What about his mortgage?
@@jaredtheboss made a vid about it but essentially I cover all rent, bills and make a profit putting the other rooms on Airbnb etc
Sold my house in 2004 after the value of my house doubled, I mean it was unprecedented that the value of my house doubled in 8 years. And the buyers of my house were given a loan of 105% of the purchase price, Then I read that people had taken out balloon mortgages. Then, I was offered a "no doc" loan to purchase a condo. I mean the red flags were HUGE. there were signs of impending crash and it happened in 2008. I bought dip, made so much gains.
I’m happy for you ma’am. I need some guidance please. Lately I've been considering buying dividends stocks for retirement, I have set asides $400k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing.
@@cristinabaker5292 Get a money manager my sincere advice tho because you’ve saved a good bucks.
@@kucheranraina9201 How could I get hold of a reliable coach considering the presence of scams in our social media space today?
Wow - he is doing big things at such a young age. I couldn't even fathom making half a million at 25!
It also said him & his brother have over 9 million in investments
Be careful what you wish for. :))
Start 'fathoming' already..
I was still living in my childhood bedroom at 25 y/o.
everybody on their own path. it’s a marathon- not a race
Financial literacy, something American school Refuses to provide. As parents, we must educate our kids on this topic.
So basically he’s employed in the family business? Nothing wrong with that but kind of misleading to say the least.
I agree fully. I clicked off once I realized very quickly that’s the path he was going
Yeah it's cool he gets to do that, but I'd prefer to see content that isn't really nepotism.
I thought he was self made until I saw this comment lol.
Sotheby’s is not a family business, I live in Marin county and most of Sotheby’s real estate listings are 5m+ they’re the upper echelon of luxury real estate listings. Commission on a single piece of real estate sold for them can be 150k+ and just at a 3% commission rate, some agents get more
@@Fierag comment is not about Sotheby’s.
He is quite humble and thinks about potential success while being a very careful observer. Much respect.
secretary claims to make $515k but only earns $15k/month post tax (suggests annual income closer to $350k). saves "99%" of his income since he graduated from college 3 years ago to buy properties. even at 500k annual income, $1.5m is the down payment on one house in berkeley, never mind buying one outright. but he claims to own several. revenue from rental properties also doesn't add up to his total after going 50-50 with his brother. something doesn't add up to the tune of several million dollars. surprised this passed most of the comment section's sniff test
Right I call bs
As the child of Asian immigrants, this story speaks to me!! Congratulations on being able to buy your parents a house, allow them to retire, and making them so proud!
These millenial money episodes are going the way of social media flexing. These episodes are all about assets and zero mention of liabilities (his debt). Makes it look like he's a millionaire but his net worth is probably negative.
Get back to the old, well-rounded and transparent formula that made Millenial Money so great in the first place.
This. What is his net worth? Is that top line or net of expenses? Parents are doctors and business owners and nepotism played a big part here. Still a great story, but I’m not impressed by well-connected people who succeed. I’d be more impressed if he messed it up. Having grown up in poverty, graduated yale, and now working on wall street with two side hustles clearing $400k, this is 🤷♂️ to me.
It crazy that he’s doing all of this at 25! Buying investment properties in one of the most expensive regions in the Country is awesome! Best of luck to him!
Hes doing it becuase hes got money from his family
@@AmanSingh-wb5tp so what??
@@Diamond-xl1vs so it's not a good display of a standard 25 yr old.
His mindset and maturity is way ahead of his actual age.
Age is irrelevant of maturity
At 25, he inspires me…WOW😀, It only goes up from here☝🏽☝🏽☝🏽. Keep pushing🙌🏽🙏🏽
I too!
Same here
I like your last name I think African names are awesome
@@citizenm9590 I think they are too. Thank you 😊
Executive assistant salaries don’t buy you properties in the bay area; Family help, which is fine, but it’s good to be a bit more transparent and upfront to viewers.
Exactly
He probably is a executive assistant contractor where he can help multiple owners/companies.
he works for Hermann Chan who prob pulls in 5M a year, so he can def make 400-500K for him and buy real estate
Just say you 😡.
Let it be clear, not trying to knock the kid. Think he has a tremendous work ethic and I’m happy for him, in fact, it’s inspiring to see.
Work hard, everyone. You’ll get where you need to be!
Honestly if he left California he wouldn't make the same amount of money as an executive assistant unless it was a billionaire he was working for. This is the one time I'd say not moving to Texas or Florida wouldn't be advantageous.
Lol, for most people California is worth the extra money, It's the most expensive state for a reason. It's full of great places.
If you’re moving to take advantage of the top-tier industry connections, California and NYC are worth it. If you’re just moving for a paycheck, might as well move to Texas or Florida.
@@JC-rl6ln If you dont mind living in.... Texas or Florida. Which both are pretty large downgrades from California.
only right wing nuts think moving to tx, or fl, from ca are upgrades.
It is a bizzare salary for an executive assistant even in CA
515k a year. Very relatable....
For being an executive assistant!? Bruh
This man is very very lucky and definitely overpaid.
No way this man is self made. His parents must be connected.
What are this man's skills? Shows that you only need connection and money in capitalism to keep getting richer. Frustrating to see someone who has it so easy while we struggle.
You took the words out of my mouth. I don’t know why I didn’t focus on a career like this.
@@tsmith2858 it wouldn't matter. You need to be connect and lucky.
@@johnjohnson3390 Knowing how to spell usually helps too.
@@johnjohnson3390 connected? fam you do realise that most of that "income" goes back into the mortgages rite? and yeah luxury real-estate pays big time DUH. Sothebys isn't your corner shop that connections would get you a position.ITS A FRIKIN MEGA LUXURY CORPORATION with hundreds of billions in holdings.
@@snterp there are no spelling mistakes in my comment. Open your eyes and learn how to read.
His sister Jess is also KILLING it!!!!!!! ❤️💕❤️ SO happy for the entire Mehta family 🥳🥳🥳🎉🎉🎉
I’m class of 2017 from Berkeley as well! Glad to see another golden bear making it! Super admirable!
This guy has taken advantage of every opportunity and resource given to him. Respect. And shout out to everyone in the comment section complaining. Lmaoo
😋
wish I had wealthy parents to take advantage of for free
@@saibamoe yes you wish
I am in my 20s. Jobless for many years. When I see these videos, I feel little sad that I couldn’t make it to their level but these videos give me the motivation to work hard, think positively , succeed in my life and not waste valuable time.
Unless you have wealth parents like this guy it's impossible
Don't compare yourself with others. You are running your own race. Tomorrow you might be richer than him. Focus on your own achievement my dear.
Dont give up homie!!! Gotta stay postive and success will come.
An Average Joe where do you live? In CA Oakland Mosque I am going to teach python classes for free! Join us! We are very friendly community!
don't compare to others. everybody has their own unique journey. enjoy and keep working hard.
wtf am I doing with my life. I clearly am not working smart enough. This is amazing!!!! Glad he is taking care of his family.
My daughter sells candy and cup o noodles in her middle school. She has hopes like his. Child of immigrants know the hustle ;-)
Apologies for contact is In letters cause of TH-cam rules:Plus one six four six five nine eight nine three seven five
@W W that's a limited mindset that can't even see beyond your own potential based on yourself imposed limitations.
@@Lifeafter40 what limitations?
Dude, or mam, nobody alone by themselves at the age of 18-20 can afford to buy buildings. He was being bankrolled by family, someone gave him initial seed money to start investing. Otherwise he couldn't have
Love the satisfaction face he made when he said he was able to retire his parents already
What a great family. Doctor, successful real estate owners, entrepreneur mom, NBA Ref. Crazy
Yes, the immigrant curse/blessing...urgency and carrying others on your back.
Are you an lDl0T? His Dad had a massive heart attack, that has nothing to do with being an immigrant.
@@sidehustletips The user above was using it as a compliment and yes the immigrant curse is real it pushes you to do some amazing things.
@@sidehustletips maybe you didn't do so well in reading comprehension because it seems like you are 1000% committed to misunderstanding me. Unfortunately, that's a YOU issue. Good luck with life.
His dad was a doctor and his mom was a business owner - seems like they were the ones with the immigrant curse/blessing
Who paid for all his real estate endeavors? You think he became a millionaire By 25 without any financial help
I love this guy!!! Noob real estate investor here and he is the definition of the successful path aspire to follow! Aloha from Hawaii bro!
Yeah but how did he get money to start… By the sound of it, they weren’t poor. How did he become a real estate investor? Where did he get the money to invest? How does he have 9.4 million in investments year only earns 515k?
Exactly! Parents funding and support, hence him moving over to Berkeley area and having real estate license by 18.
This isn’t purely humility and luck, but a lot of intentional strategy and pooled family resources involved.
5:15 is the answer…
@@triciacharles8022 there's no 500k salary for a grad working as an assistant unless his Mom hires or family connection hires him or something
@@jackz5846 he literally said he was an assistant working for a big relator and he gets commission on EVERY house sold AND he owns rental property…
He never let his youth stand in the way of his success. He looks much younger than 25.
Let this be a lesson that you can be an Introvert and hustle in an extroverted environment.
Yeah, still sounds like torture. Much rather WFH and get paid that way.
Amen! He has a good personality.
So his rental income is 24K a month, split 50% with brother = 12K/month or 144K/year. Where does the remainder of the 370K come from? Don't think other investment or salary as an executive assistant can get you that high a year?
commission on sales, dividends from investments in stock, maybe he included capital gains on his stocks/real estate in that figure as well.
This guy works hard and dream big but at the same time super grounded and realistic! Love this
Rich kid becomes richer. Let's celebrate.
yea, I think hes the highest paid exec assistant in the country
the vest, the Tesla, and the Berkeley degree tells me all I need to know
What about vest?
@@annajones9701 it’s a canda goose, they’re pretty expensive, that vest is likely around $500?
@@annajones9701 a lot of new money in the Bay Area wear vests like that as a form of class signaling/uniform
@@xohannahbananaa yeah Canada Goose is so expensive
As an executive assistant he’s pulling in that much…. Healthcare was certainly not the right path 😅
Don’t feel bad he’s daddy has physician money with a physician network
It is so nice that he is buying a house for his parents!
No one is going to mention how his brother is a NBA referee?!
Super cool. And those refs make a high annual salary as well.
Refs don't make much 😒😒😒😒
@@sophiaimafidon6469 NBA refs make 250-500k per year on average depending on seniority, etc. Plus I Imagine they have amazing benefits and many expenses paid.
Something doesn't add up here, this is coming from a millennial multimillionaire early retiree. He got some big time help to raise the capital for all those deals.
Yea they left out those crucial details conveniently enough
How did you make so much and retire so young?
@@annajones9701 Investing through a salary
@@tigerak02 were you investing in real estate or stock market?
@@annajones9701 Never have touched real estate outside of the small condo I live in
“Make $350-400k … as an executive assistant”
Wtf, why is there an extra digit? No way that’s the salary from the job.
Seriously that is more than most doctors and lawyers. I was wondering the same thing. Maybe his boss is a bigtime agent and shares a "small" cut of his earnings with Sahil for his work as an assistant. So if business is good for his boss he makes a ton.
@@74501a he said he makes a commission on every property deal so they probably included that
A 25 years old with 515k a year?
hello depression my old friend
and 600k died of covid and still got bills to pay
@@abhi739 if you died you don’t have bills
I love how humble he is.
Wow. Another 25 year old speaking here, he is earning a LOT. I never new EAs earn that much but then again it's Cali. Looks like he has a good work ethic and family that mentors him to be great. Wishing all who read this great success!
I thought cali was much more expensive. Looking at his numbers it is a lot cheaper than i anticipated.
It didnt specify how much of his income comes from his job
@@ye23. Precisely. His success is nonetheless amazing, but a fraction definitely comes from him earning passively like what he said, the rental properties, and then there are investment/indexes and not splurging on minor things which is very smart. I didn't think real estate developers made half a million a year, but then again it's Cali, I work in the Bay Area in the Santa Cruz Mountains and wouldn't be making and saving a range close to what I would be if I were elsewhere.
@@erikasatya5394 not a fraction, the majority comes from his rentals. He doesnt even need the job he could work for himself
I kinda wish the show got into how Sahil got a 500K job? He is very lucky to have a position that isn't very common to get for his age.
Wealthy parents
,@@MrLMD1234 they lost most of their wealth in the 2008 market crush.
@seeraj r. I think having a physician dad in the US means his family be ok.
I still do not understand how he managed to buy with 10m worth of real estate within 5 years while starting from zero.
Just from real estate commissions?
Then all the real estate agents must be millionaires.
His parents helped him
@@youngfinance6319 lol I just watched grahams video u ppl really do be salty u dont know anything about him and are making assumptions based on absolutely nothing
@@tkokflux6322 I didn't say anything wrong or hateful did I? All I said is his parents helped him which is a good thing. It means he has parents who care about him and support him. I also have parents who help me and support me financially so nothing wrong is being said here
I’m disappointed that he didn’t mention that his income is due to his affluent family. At 25 and without a doctorate in real state …I would not even let him sell any of my homes. He is beyond lucky 🍀
There's no doctorate in real estate what are you talking about. Most real estate agents start young at 18 and you need to be a great salesman which is one of the hardest skills. Stop hating
Great Story! You can tell he has great work ethic starting college as a junior! Says a lot when the children are now able to retire parents. One of goals also.
I clicked on this video because I was curious what he does for a living. My assumption was either tech or real estate and I was right. While I respect him and his grind, I downright dislike his profession. Real Estate investors and sellers are literally what's causing the housing crisis in the California and especially the Bay Area. These people flip houses, cause bidding wars and cause working people to live in RVs. I honestly think his job is dishonest and on-par with Wall Street bankers.
The housing crisis is fake. The U.S. have plenty of homes. We just have a lack of affordable housing. When I bought my first investment property in 2016 for $25,000, I put $30,000 in it to remodel and now its worth $250,000. That house was city owned sitting empty for 10 years yet no one bought it. We bought 6 homes so far this year all worth double to triple already and they all sat empty for awhile and again no one wanted them. Obviously this depends where in the U.S. you are but not everyone needs to live in the biggest cities and pay huge amounts for houses when they have a low skill job.
How did he get all that money to invest in one of the most expensive areas in the world at only 25
Feel good “Small Loan of a million dollars” vibes
One sensible comment in a sea of absolute rubbish. Anyone who thinks he can afford that many houses in the bay area aged 25 on an exec assistant salary needs their head looking at.
This kid is awesome. He’s gonna have a beautiful life.
Also his brother is killing it!
This guy worked hard ... helping parents too that was very good
Nice to see an Indian kid who is not an engineer or a doctor but and then the Mehtas have been a busineess community since centuries.
Woh American but yes he's desi origin
uncle graham Stephan would be so proud 😂😂😂😂
How TF is he making $515k as an executive assistant?
By investing in the real estate company as well so he makes commission on every deal they close.
This dude was born into a successful family.
Wouldn't a part of his budget be a mortgage payment? He said he owns the place does this mean he paid it off? The utilities aren't included either
Also not including his portfolio's mortgage breakdown makes this completely unrealistic - or did he pay off the 9.4 million?
It had to be parents' money, no way a 25 year old can have that much in real estate hodlings.
This guy is definitely an outlier when it comes to income. Most 25 year olds don’t make $515k let alone 6 figures.
The pope is catholic.
@@sangwoohan1177 And water is wet kid.
Chocolate tastes of chocolate
@@DiamondFlame45 That's debatable. If we have water made up of entirely neutral particles, it actually wouldn't have the "cling" property that makes water "wet".
Sahil's the hardest worker I've ever met -- we're best friends and I lived with him for a couple years during/after school and he was working 8am to 10pm almost everyday. I'm super happy he could highlight his story here. That said, I think he's being a lil humble... he's more of a realtor and developer than he is an "executive assistant". That's technically his title, sure, but I've seen him sell and buy houses solo. Since his boss (Herman Chan) moves $60M+ a year, you can imagine how much work Sahil has to do on his own.
@Chantel it sure is but I think many missed it
Incredible story & incredible income for his age... would be interested in seeing a follow up in 10 years!
Love his “why”. It’s the same as mine. Family is everything.
The word, why, is now a noun?
Indians are so much more connected to their families than i see in the western kids...you can tell by how he constantly says he wants to take care of his parents..kudos to this young man...
.am living in Incredible India fourth year and love it.
Problem is these families are indifferent to the society around them and take no charge in changing or interacting for good lol....His last name is a high caste Hindu name who have held urban administrative going back to medeival Islamic empires all the while administration used to purge the peasantries for lack of payments lol...you yankees are so r*tarded its beyond help lol
This is my favorite Milennial Money episode! Love his story.
Thats a lot of commission. Those houses must be in the tens of millions
The average house price in Silicon Valley is $2m, so it is possible if he sells several in a year.
YES. Patience is key. It can be hard when those around you are reaching their goals and achieving success.
Keep putting the time and work in and it almost always pays off eventually!
"Patience is key." Hes 25 🤣🤣
This is the first time I’ve watched millennial money and thought--Hey, this guy gets it. Good for you! And shoutout to your wonderful family!!!!
How did he get that executive assistant position so young w/ little experience??
Family business
@@AmanSingh-wb5tp sotheby's is not a family business
@@kushal4956 how do you think his brother has 10 million in property ?
He's a graduate of UC Berkeley with years of real estate experience under his belt already.
his brother kickstarted him because he had all top tier connections. The brother was already doing well and assume the his rest of siblings doing well too. He and his brother are reason that he making $500+ (according to this video). This clickbait title is such a low blow to the average viewer. Word hard, save money, have goals, make smart decisions , & be patience about success!
Family business..... his older brother(s) are probably much older than him and he is the assistant to his brother. So he didn’t not start from scratch.
Also, a practicing physician Dad is not going to struggle to support, by any means. Painting a story about this is far from the facts. Esp, all physicians work hard.
I can’t fathom making $515,000 a year!! Nice work my man!
What a beast.
A true money monster🤑🤑
I know you, you made me rich dude!! Lol
Because of what? Anybody can flip houses lol he is a salesman. Its not like he knows econometrics and works at goldman sachs. Real estate agents are without a doubt the most overhyped workers in society period.
@@gjorgji9339 someone is salty
@@gjorgji9339 Why are you so salty? Jealous? You seem rather hostile for no good reason.