By request, here’s a breakdown of how much I spend every month on my personal expenses, and what I spend my money on – enjoy! Add me on Instagram: GPStephan
Second Channel: https://www.youtube.com/channel/UCa-ckhlKL98F8YXKQ-BALiw
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My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Expenses:
Car insurance: $125 per month
Gym Membership: $200 per month
Health Insurance: $215 per month
Phone Bill: $83 per month
Internet: $80 per month
Utilities: $120 per month
Groceries: $200 per month
Misc Spending: $400 per month
Housing: $3500 Gross, $0 Net
*House Hacking Information:
Tesla Model 3 Payment: $630 Gross, $78 Net
And besides that…that’s all I spend money on!
So if you want the actual personal CASHFLOW coming out of my account every month, without counting mortgage equity, car equity, or write offs…this is just the gross amount leaving my account, including rental income on the other unit, then I spend:
$3,353 every single month on everything in terms of CASHFLOW.
However, when you look at my NET cost every month – this is when you account for mortgage and car equity, write offs, depreciation, money I get back at the end of the year, and so on, I spend on average of:
$1501 per month NET on my personal expenses, cost of living, food, utilities, gym, phone, etc.
My business expenses, on the other hand, are expenses that I KNOW will make me more money. What I spend here really varies and for the most part, it’s entirely discretionary.
That’s how I like to run things…I don’t like having high overhead, and the less financial obligation I have, the better.
I just like not NEEDING to spend money every month just to keep things running, and that in turn, means less stress for me, which means I can produce content much easier, I’m more “Free” to talk about whatever, and that benefits YOU because I’m not some huge company just motivated to stay afloat on expenses. Which oddly enough, usually just means I’ll end up making more money because of that…so it’s a weird cycle. The less you need money, the more you make because you aren’t doing things just for the money…and the more creative you tend to be.
Thanks for watching!
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
In all seriousness you do an excellent job with your videos
Graham I am currently looking for catastrophic health insurance. Who do you recommend? Thank you for all you do!
Try the christian healthcare ministries. I pay $280 for catastrophe insurance for my wife and I. There are few out there but I went with Samaritan Ministries.
I’m not sure how packed the Gyms are in LA, but 200 for a gym sounds ungodly, when planet fitness has hydro massages, fitness trainers, free bring a guess passes, abunch of equiptment, and alot of parking all for 23$ a month.
You’re overspending and have a poor budget.
JK lol you make enough that it makes up for it easily.
but seriously, how the hell do you pay $80 for internet and $120 for utilities.
that internet fee sounds like you just got the first 12 month discount price. and the utilities are like 30 under mine and I live in an apartment. You got some good deals.
Keep up the great work, Graham! 😊
❤️❤️❤️
https://youtu.be/7ZedbecroYA
Amazing video thank you!
omelettes and oatmeal<3 Graham you know what's up!
Graham doesn’t like spending cuz he is a capricorn and capricorns dont like to spend money
8 ads in a video, no wonder he is rich
I get unlimited internet for 20e
Making a video on monthly expenses, which at the end of each month will cover his monthly expenses.
Flex but ok
Hey guys, I am trying to get a blog off the ground. It’s called Billy’s Memes. I make a new top five meme list every day. So far I have posts about WWIII memes, Thomas the Tank Engine, and my all time favorite memes. Please go check it out. Here is a link: @t Sorry if this comment is unwanted, but I am 15 years old with no social media and no money, so I don’t know how else to spread awareness. Please like this comment so others can see.
Why do I want to buy him sushi?? Come to West Linn, Oregon Graham!
What books are on your desk where you film your Videos? Love your videos by the way. Wish I had kept up with my frugal ways but two spendthrift husbands sabotaged my efforts. Sold a house I inherited and plan to invest the money the way I want to. Any Suggestions? Thx.
Hi Graham, do you spend any money on gifts for family/friends?
6:20 that dot at point 5!!!
You’re crazy, I spend more than 15k dollars a year on vacation in Cancun, Europe or USA, Since 1998, and they were totally worth them.
You should replace your gym membership with a squat rack in you home.
you could save on your groceries with potatoes, rice, beans, tomatoes. and grow your own herbs.
You are a Smart! Wise Guy^^ Thanks for the motivations!
I want to know you better and more, tell us more about your childhood story and your parents.
I thought he was going to say he was playing “a real life game of………monopoly”…but “chess” makes a lot more sense!
Why not enjoy yourself a little?? You never know what’s going to happen forward..
please become my money coach
you have netflix? you didn’t mention that in your expenses!
when is it enough to enjoy the money youve made( ex annual income to buy a nice car that depreciates/vacations)
Mad respect to you Graham, for the transparency and doing what makes you happy.
Thanks for sharing.You are amazing Graham! What is the health insurance you use?thanks
You should definitely travel more with this money hehehe
So question…. do you like sushi?
Right now i want to jump off the roof because of $1500 troubles I accidentally bumped in. I have no idea why am i watching videos like this one right now but i find it oddly satisfying. Gotta give away my beloved tabby cat before i commit suicide, it deserves better life :3
p.s:
if YOU want to help me to get over it – i’d highly appreciate any donation to my Paypal – stuffkee@gmail.com
p.p.s: PM me!
Funny, Geico for me is less than half the price of anyone else.
Algo boost
Man, you don’t make 163,800 dollars a month.
As important as frugality is, what’s just as important is enjoying life. What are you even saving up for? Retiring early? What if you dont make it tell then? Yes its good to have a budget and have a safety net but once you are financially secure you can afford to kick back a little. You only get one life, it’s your duty to live it to the fullest & not just save for a future you might not have..
Truth is he doesn’t
Graham could probably buy Gucci n do youtube Gucci haul …it will generate enough revenue to pay for all of those products and even more . What sets him apart from other youtubers is that even if he knows he can generate enough revenue from one purchase he still makes a purchase which has utility ( like the car ) n not a Gucci shirt
He starts at 4:05
GS: “I don’t spend money on stupid things!” wears a $20 grand watch in the video*
Could you make a video where you give the snapshot in the percentage of what you should allocate your money at on a monthly basis? i.e. 30% max to rent, 20% max to expenses, 50% saving/investment. Thanks, man you got my like!!
Change your phone-plan to visible.com with party-pay. 25usd per month including hotspot
I only buy $0 T-shirts. End the fed
I started putting some of my money in ETFs and stocks. Was on Webull and saw info about Pi Network.
I’ve been “minining” it on they’re app. Super easy to do, app based, doesn’t drain your battery, use any data or anything, totally passive. Will probably be worth money when it fully launches. Get it!
Use this link https://minepi.com/JimFin and use my username (JimFin) as your invitation code
Dude I think with that income you guy buy clothes with nice fabric, lol.
It’s really important that people with your income, donate 10% to those in need.
great content dude. keep it up
I like your rationalization of your gym membership. It’s waaaay too expensive. Planet fitness is 15.00 a month buddy. Lol. Just messing with ya. Love your channel. It’s helping this 40 year old get his finances together
You need to make your food quality match your premium gym service. You look fantastic and are in great shape. Don’t be frugal with your health when you’re in the position to take full advantage of quality food. You’re not that bad because I only cringe when other MULTI MULTI millionaires refuse to use their resources on themselves. Increase your brain and body function. That effects the amount of output you can get from yourself. Then you have the long term health risks that cost a tremendous amount alone.
So, you could match the diet quality with your gym, increase your energy and brain function. That means more work can be done. Decrease health issues. Saving you money there too. Increase longevity.
It sounds like you eat zero vegetables or fruits. Doesn’t seem very healthy.
Hey papa graham graham
His diet is the exact same as mine
i’m going to live in Mexico so i don’t have to pay taxes. Also, 1 dollar is 20 pesos in Mexico. I don’t have to pay for water nor taxes.
My mother only pay $29.99 a month for the internet. It from spectrum. We found a cheaper way to spend less money on the internet. Mexicans parent always tries to find away to spend less money.
Omg u inspire me
Yo Graham. In the next analytics video can you show how fast your subs are growing, please!!! It’s insane. Every day there are 10k more than the previous one. Apart from this, I respect you even if you could spend a little more on small things. Peace ✌️
Saying not spending his money on anything unnecessary.
Owning a giant T-rex head in his garage…xd
SMASHED THAT LIKE BUTTON
thank you Graham, your content is so valuable. Im grateful to find your channel in my 20’s, love from Indonesia.
How the f are your utilities $120 lol
Geico was fine for me
Are you Jewish?
graham you need to call the cops because you been robbed with that gym membership lol
I thought he said “escort” fee.
You must have some vices? Like I definitely save more than most people I know, but feel like buying nice random things. Like would a shower sponge for 20 bucks seem extravagant to you? I think I save about 55% of my monthly income.
i could pay off my house with a month of his income
Guy makes 1.6 million and lives off of 18k a year
What a humble person 😄😊
What area of West LA??? I live in Azusa and I’m looking to buy a house soon!
What’s the point of having money if you can’t spend it
The tax evasion that owning a business allows you should be illegal.
Pre-covid I used my vehicle ~98% (I did the math) for going to and from work but I can write that off but you can as a business owner. There are also other things that I pay for for use during my job that I am required to provide yet I can not write them off but you can. The way I see it this is legal tax evasion and is not right.
This is a bit of bull s— he never broke down his 7 home mortgage expensiveness….that will kind of eat up your 170,000 a month
What about these expenses here? I’m not a real estate expert, but if anyone is, I would really like to know what you do about the following expenses
Landlord Insurance?
Home & Contents Insurance?
Car registration?
Car maintenance?
Property Tax?
Property Management?
And lastly I’m guessing you didn’t have any other Monthly Subscriptions for things like Netflix, Cable, etc? (I guess you said you didn’t really watch tv and use youtube like TV so that makes sense I guess)..
Gram so should I take the shorter term of 2.9 60 months or the longer term 84 months 3.6% on a car refinance. With the lower payment. I know you talk about the stock market and investing what are your thoughts.
If the 7,000 is just thr deductible for your health insurance… ask then how much the out of pocket max is.. thats the real deductible.
Me when I realize my rent costs more than a Graham spends per month 🙁
are you saving money to spend it in the afterlife or something?
Can you do a whole week grocery haul? I would love to see how you eat and for what price
I got help from expeditetools,com financially .They helped with a transfer of $29,000 to my bank account .
All you can eat sushi is life.
99$ a month here for MMA gym membership🤙🏽
Thanks Graham I have learned a lot from you – Also, so true happiness does not come from spending more
What exactly are you saving for? Like I get that it’s great to be frugal and all but when will you stop being like you are now? Is there a specific goal or something?
skip to 3:34 for the meat
Just a thought. Would be nice if you bought clothes made by people which earn an actual living wage. So avoiding H&M would be a great start! I’m sure there are really interesting local designers in LA that would love working with you.
Grahams mentality will get him to a billion
11:03-You really fooled Jubilee peoples with this.
What a great message about happiness at the end. I am simple like that too xx
bro. just the delivery charge for gas is 75 dollars(which means if you use no gas what so ever in a month, youll still pay 75 bucks) deliver for hydro is 36/month so works same way as gas, water deliver is 60 dollars every 2 months. my total utilities/month is around 600 bucks, 100-180 for gas (depending on time of year) around 250 every 2 months for water, 200-250/month for electricity.
edit: and you wanna know whats stupid, even if you own a property that is vacant with the water turned off and electricity turned off, its illigal in my city to NOT HAVE WATER and HYDRO services which mean even if you wanted to close the acc for a few months while you reno or w/e you cant…..
It’s great making $160K a month probably closer to $200K now nearly 17 months later but if you keep your spending the same, your reinvesting everything else to make more money which you’ll reinvest to make even more money and so on. Your only 30 and worth $10 Million so when your 64 retiring you could be worth up to $30 – $50 Million or more but still spend the exact same amount just because you want to make even more. What’s the point of making all this money if your not enjoying spending it? You’ll be the richest man in the graveyard.
this dude has 168k a month, invests and saves about 165k of that…ow that is a lot
Where do you get health insurance from?
Graham: I dont like to spend money
Also Graham: Decorates his studio with a T-Rex skull
Dude! Your haircut is more expensive than your rent! 💸
Commenting for the algorithm
What is your opinion on life insurance? Would love to hear your opinion on this.
U mustn’t have a social life… I am all for the living within means.. but I’m also into living!
@grahamstephan I’m wondering if you would ever make a video on a person that works as a hair stylist/barber making barely over $26,000 a year in Texas. Originally from Cali and have worked for the same company w/ higher wages, yet I couldn’t ever reach $24000 a year living in CA. Of course this is due to Cali’s expensive taxes and inflation. Might be interesting to see what can be done to stretch a significantly smaller yearly gross for people in this bracket.
It’s all about saving until you get married ring alone lol