Here’s a breakdown of EXACTLY how much I spend every month, my philosophies on saving money, and how my spending has changed in 2020 – Enjoy! Add me on Instagram: GPStephan
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BREAKDOWN:
Car Insurance: $125 per month
Gym Membership: $0 Per Month (Temporarily)
Health Insurance: $230 Per Month
Phone Bill: $70 Per Month
Internet: $75 Per Month
Utilities: $260 Per Month
Gardener: $150 Per Month
Food / Dining Out: $400 Per Month
Other: $200 Per Month
Housing: $7700 per month (Not including rents, equity, tax write offs, etc)
Tesla Model 3 Car Payment: $630 (Not including equity, tax write offs, etc)
Business Expenses:
Teachable: $99 per month
Insurance: $150 per month
S Corp / LLC Filing Gees: $150 per month
Tax Filing Fees: $200 per month
Zoom, Storage, etc: $100 per month
Credit Card Annual Fees: $130 Per Month
Full Time Help / Jack: $7500 Per Month
So, when it comes to everything…these are two big main takeaways that I have learned throughout all of my experiences saving and investing, it just comes down to this:
First, I only view my income as not how much I make, but instead – how much that money makes ME.
For example, if I earn $10,000…I don’t see that as $10,000…instead, I’d see that as $50 per month in passive income when I invest that money into buying a rental property at a 6% return. By that logic, if I’m able to invest $50,000…that’ll cover the basic grocery bill for pretty much the rest of my life. If I can get $350,000 invested in a rental property…that’s enough passive income to cover a 1 bedroom apartment in Los Angeles in a good area. And at $1 million invested…that’ll replace the average annual salary from most full time employees. I challenge you to start thinking the same way, as well…this will make the aspects of saving and investing so much easier, and over time – you can replace all of your expenses by having your money do all the work for you.
Second, beyond the essentials…I only try to buy things that I can put to work that will make more money, or can be seen as an investment.
For example, I consider the computer that I’m editing on right now to be a good use of money, that helps expedite the work I do. Or, buying an extra camera to film on so I could get a second angle for The Graham Stephan Show…or, paying extra to create a brick veneer for the background of my videos so they’re more visually appealing…or, even something like this house that I bought, I find it much more relaxing to work outside and come up with new content – and when I feel more at ease, I tend to produce better quality. If you can find a way to coordinate your expenses around things that will help INCREASE your productivity or income, it can be absolutely worth it.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
7k a month, that’s insane. Most people make around 3k
7000 dollars a month is the income of my countries presiden(Dominican Republic)
Girl Friend + Spending both are just….
My mom needed new work pants so I took her to H&M this weekend. I was actually so stunned at how many people were there the line was longer than around Christmas time!
Can you do a day in your life video
Wow Graham is spending money??
When you say “investment income” are you referring to when you sell or just the money you’re making by holding?
Another great video my friend! I am very proud of you and all that you do!
Sounds like my ex 1:18
Bruh I don’t even know half of what he is saying but I subscribed and watched the ads all the way through
Im trying to get my 10k subscribers to start showing you how to spend a lot of money, do you wanna see?
In the first video i will do a giveway of 10k and is just the start!
See you around 😉
I love how they can afford a gardener but not to replace the scrappy couch :p (next to the beanbag)
Graham you should reach out to me and I’ll look at your phone account and see where you could save cuz you probably could…. I work with cell phone connections😅
Graham, could you consider doing a video with how you do your accounting, if you do that yourself?
I appreciate your content!
I’d love to be a Jack. LOL. That’s awesome to get that as an income. Happy for you and Jack for getting further in your investments.
Sponserd segment for the like-button
I’m paying $30 per month for the no-longer-available Walmart T-Mobile prepaid plan with virtually unlimited data (as long as it’s video or audio that is optimized according to T-Mobile’s specifications (YouTube, Netflix, Spotify, etc.) The biggest catch is that it only comes with 100 minutes of talk time, but who talks on the phone anymore these days anyways?
Used to have that plan. One day I needed to call a company that was keeping me on hold for more than an hour and with my previous minutes eaten up over the month — I hit my limit. In that moment I called TMobile and said put me on the unlimited everything plan so I could finish the call and then switched to AT&T. Great Walmart plan but when you need the minutes it’s gonna burn!
@Cheenar Gupte Ya, sometimes it’s inconvenient. That’s when I use my Google Voice number and call through wifi with unlimited minutes for free.
That’s awesome only $20000 expenses when you make $250000-$300000 a month .honestly treat yourself from time to time bud. Love your content 👍
No iced coffee?
These videos are very interesting. I’m living like this since much time but many don’t realize they’re spending money for things they don’t need and will never need. And even only call the phone company or television company, might take you to some discounts that are absolutelly making you save money !
“phase one sounds more official”… *doctors diagnosing stage one cancer*
👁👄👁
I’m absolutely shocked:O
like button has been destroyed
I’m JUST saying, he got a girlfriend and now changed his life time ideals to spend money. All and only all love
I came to the same conclusion, that girlfriend is expensive. Hope he doesn’t get married….
Just say it you have a girlfriend Now. Lol
150/months for gardener!!! I cant imagine paying anything for gardener here in Quebec, I guess the weather make a huge difference
This man spending more per month than I made combined in high school and college
Love the authenticity and honesty !!
Another editor named Jack? 😂
Stocks are good crypto is better
I wanna Invest too, how can I get to Mrs Georgette Wong?
Her availability is on What’s app
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Thanks.
Believe me she’s the best when it comes to Cryptocurrency trading, your profit is assured.
Use the palm fruits to make preserves. We us them on the coast
Trading Bitcoin now will be very wise but trading without a professional is not
I lost £1200 carelessly trading on a platform then I was referred to Mrs Jennifer then she recovered the loss and made an extra profit of
£4600
I tried trading on my own but it only left chasing shadows
I tried trading on my own but it only left chasing shadows
Trading without a professional like Expert Jennifer is like gambling with your money
Trading Bitcoin without a professional like Expert Jennifer is gambling with your money
You don’t need a gym just buy you weights or get resistance bands
yes
why I’m spending money now….because now I have a hot girlfriend duh
I always wondered why someone making big bucks on youtube would do thier own editing. the time you take editing could be time used making content. and when your that popular the content is worth way more than editing cost
the person who said money can’t buy happiness must have never been poor
Osea eres culo pa gastar
Really loved the photo from the house, tesla, scooters and Garten!
i like all the plants and trees around your house
$400 a month on food, you must eat like a bird
You can reduce your phone bill by getting an unlocked phone and a plan from Mint Mobile. Their unlimited plan is $30 a month you pay for the whole year. you don;t need a gardener just a lawn guy. Unless you are trying to impress people with perfectly shaped trees and such.
Very nice!! Be sure to keep enjoying yourself though! Youre expenses are looking really nice & may as well have some fun! 🙂
That’s a pricy phone bill
in other words he started spending more money because he now has a girlfriend
Graham spending money???!!
Well it’s 2020 , I think anything can happen🤔🤔🧐🧐
Spend a couple of bucks on a quality razor, bro.
Actually trading has not been easy for me.lost a lot of money through+500,FBS,also lost a lot of money to trading assistants and copy traders, almost gave up on Forex/ Bitcoin trading.but friend of mine introduced me to a good broker,at first i thought it was another way to waste my hard earned savings.but my greatest suprise was my investment of $3000 came out with $6580 in 10 days trading…You just have to be patient with them till your trades are completed..to be honest I didn’t just recovered all my previous losses,l made much more than my past expenses. Actually he charges about 15% which won’t affect you in any way since his trading efficiency comes in multiples of investment l personally recommend Expert Mrs Linda trading services for best copy trading always trade with them and stop loosing your money .. reach out to them and Believe me a here’s his contact details
+1 (602) 661-3144
WhatsApp….. They’re reliable 💯
It’s so weird hearing how expensive phones are in America. In Austria (not Australia) an all In contract is between 18 and 40 € (exkl. Any rates for that’s brand new phone u paying of over 3 years). To get over 60 € a month you need to have the absolute most espensiv contract + the newest IPhone or Samsung.
Wow. I had no idea you are so cheap. I get it, you want to save and retire early. But when you’re making $2 million plus a year… and you’re still cheap… that’s just crazy and maybe you’re suffering from a mild form of ocd.
I don’t get why the finance for the tesla is a business investment and how he doesn’t want to pay it down and actually prefers to pay the interest. Can somebody explain it to me? Thank you!
install a drop by drop watering system. yes it’s gonna sound pricy to begin with but you can get decent ones to return very fast in water bill
love this mind set! also glad to see GS loosing up on the reins!
Dang, Jack is well compensated!
Bitcoin and Forex trading it’s a trading platform were you invest with a minimum capital, you predict the outcome of foreign currency if they will either fall or increase, it’s like you are placing a bet, but the good thing is that you are knowing the outcome before you predict, that’s why profits returns are always on the high, but by doing this, you need an experienced account manager who can help you with the basics and trades for you. Invest $300 to withdraw $3,300 Invest $500 to withdraw $5,500 Invest $800 to withdraw $8,800 Invest $1100 to withdraw $11,000 Invest $2000 to withdraw $14,000. You can contact Mr Robert Wilson on What’sapp: +14156887266
You are finally spendind money, you got a girlfriend LoL
We all need a Jack 🙂
Actually trading has not been easy for me.lost a lot of money through+500,FBS,also lost a lot of money to trading assistants and copy traders, almost gave up on Forex/ Bitcoin trading.but friend of mine introduced me to a good broker,at first i thought it was another way to waste my hard earned savings.but my greatest suprise was my investment of $3000 came out with $6580 in 10 days trading…You just have to be patient with them till your trades are completed..to be honest I didn’t just recovered all my previous losses,l made much more than my past expenses. Actually he charges about 15% which won’t affect you in any way since his trading efficiency comes in multiples of investment l personally recommend Expert Mrs Linda trading services for best copy trading always trade with them and stop loosing your money .. reach out to them and Believe me a here’s his contact details
+1 (443) 712-6224
WhatsApp….. They’re reliable 💯
if everyone spent as much as you did as a % of income the us would have the GDP per capita of Vietnam
your girls takin advantage of you bro dont be a beta
You were born to make a YouTube finance channel
Need to get me one of those Jacks.
Just a quick word of caution worth considering from my personal experience – I didn’t opt in on phone insurance for years but I ended up smashing my phone and not for the youtube algorithm. It was very expensive and could have negated all the cost had I only opted for the insurance. I’m not one to drop my phone often but it happened again 2 years later, this time with insurance and my “new” phone was $10. I know it adds up but it’s still many times cheaper than purchasing another phone or was in my case.
The cryptocurrency market has made a lot of people very wealthy over the past decade. However, due to the volatile nature of the prices of digital currencies, it is understandable that many people, especially new traders, are hesitant to trade cryptocurrencies. The good news is that now, there are many trading tools, such as trading signals, automated trading software and more, that enable traders to trade Bitcoin and other cryptos profitably. i have been trading with Robert Wilson, a pro trader who has helped me accumulate over 4.5 BTC for the past 3 weeks with just my starting 0.7BTC can equally help you achieve that. If you are a trader or a newcomer to the cryptocurrency space, this is the right time for you to hold more bitcoin now, and with the help of Robert Wilson, you won’t regret your actions, You can reach him on Whatsapp + 1 4 1 5 6 8 8 7 2 6 6
Wow symbolism. 🤮 Then stop saying is all your effort….you are one of them too…wow its all of them…🤮🤮🤮🤮👎
just helping the youtbe algorithm : )
You know you a boss when you make how much you spend a mth in a day 😭 excluding cars and house
Money can’t buy you happiness but it can buy you 74° 😆🤣
“Very easy to smash” like my ex
70$ a month for the phone bill! man the US is an expensive place to own a phone. it will take 6-8 family members to get to that amount on the bill around most of Europe
let’s give the real answer: he has a girlfriend now
I love watching your videos !
You pay the gardner 150 and he comes every week?????
Is that $70 / month phone bill just for the phone service or also for the phone? If it’s just for the service it sounds pretty expensive.
You should bundle your home, car, and business insurance. And do a balloon policy over everything you own. Its considered part of your tangible net worth if its insured. Also money should always make you more money. So if your investment streams will overcome your monthly bills in the end you are ahead there. The 1200 1400 a month for everything but the house is right on key. The 5500 and 630 is another 6130 and 14 is 7530. Yearly that 120,000.00 so you need to making right around 300,000 from everything to break even in 20 years with investments and salary. If not you need to start some more money generating.
If you want to maintain that lifestyle through retirement
The “hi graham from the future” wave got me
i taught the big change was we are having a baby 🤰 got that wrong
I have been smashing the like button for like 6 months but I just realised now that I’m not even subscribed😳
Of course it’s changed a little with a girlfriend. That’s life. If he kept it the same it would be so unattainable. My husband owns a business and we have 3 children. When I watched his older videos and saw the $200 food budget I thought this guy can do that because he is single with no children. It’s gone up now that he’s in a relationship and it’ll go up more once/if he has kids. His part of the food bill is $400 but she buys the groceries which is probably another $300ish so around $700 in food and that’s more normal in a relationship especially if your eating healthy delicious food. I’m excited to see his expenses as his life goes on. We make a really good living and live on about the same as him a month personal wise. Our business has totally different expenses that cost more. After taxes saving investing and giving we live on about 30% of our income and we live in ca too. We have 0 debt besides our personal mortgage and that frees up so much cash to use on other things while still living a very comfortable life with a great standard of living. I dislike cheap millionaires our goals are to be frugal and not cheap. The difference is we look for great deals but we are also very generous. Cheap people look for great deals free hand outs and still aren’t generous. I STRONGLY dislike those kind of people.
I pay 25euros for gym and for the most things half the money you spend. i can’t belive is so expensive in US
So Jack makes a good living 🙂
I never realized how much money I could save on food. I used to spend over 300 dollars a month on food but now I only spend about 40 dollars a month. And that’s without sacrificing calories or nutrients. Whole plant foods is the way to go. The cheapest oats, potatoes, beans, pastas, rice etc costs nothing! Especially when you buy them in bulk and on sale.
The frugal way of living only works for people who really enjoy it. And in that case, there are only a few. One might acquire that sense through not being an active social being and not knowing the funs in life. Some of it might be innate which is the more likely option. Wherein I don’t really get why such people exist. I guess it’s because of the circumstances and the things that they’ve gone through but one of the biggest factors should be their choices. The friends they choose, the things they consider fun, and their choice of mentality. Nevertheless, as long as they enjoy their lives, it’s fine. Though I still don’t get it.
If you want to combine those first three, you’ll need to shave your head… 😂
Finally found someone who prefers saving over spending. Just like me
My thumb hurts from smashing the love button
At one point in the video I thought you said my phone number
at the point you are i would never work again. your investments makes you enough money to live and enjoy life.
Is health insurance really worth it before 45?
Graham: Why I’m Finally Spending Money
*youtube related: Why I don’t spend money.
Entrepreneur at heart, thanks for educating!
Thank you for teaching me
7:45 where you can really see that he has a cat.
Been there… Love them anyway! 🙂
Phew, Jack doesn’t come cheap!
People, the most valuable resource is time. Graham has earned enough that know he can hire an expensive assistant, and use his time in better and more rewarding ways. That’s the point of this video.
Nice strategy I must say. I didn’t earn as
Much as this video claim but I earn about 3250USD every week and I don’t do that using video
How do I get a professional broke? I have been wasting my time trading on my own blowing up my account
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“Hi gram from the future” and then the little wave. Honestly adorable.
i also enjoy savings but people around me all tell me I am cheap 🙁
Sadly at 14 I enjoyee spending money from my job