What an interesting idea you had to do this! I really enjoyed it. I don’t personally know the NYC area well enough to suggest the next location. Maybe Bryant Park?
I enjoyed this format. Especially the investment banker. He was honest about luck playing a major factor in his success. I liked that he was also sincere about his children and how precious time is I appreciated that. Keep going girl !!!
I love that Charles, the retired investment banker, was very clear that his first job was luck! So many folks just say "hard work" without acknowledging that it's hard work in the context of luck or generational wealth/connections
@@jones2277 haha but ONLY if you live in a place like NYC or SF? (It worked for dude in the Pursuit of Happyness too.) Hustle + LOCATION makes a big difference.
@@BearingMySeoul right. i will tell the goons hanging on the corner to just hang out and wait for their luck to strike while doing what they love the most (selling dope).
@@jones2277 Everyone can do whatever they want of course, but I never said anything about doing what you love. I haven't "loved" any of my recent jobs but I've begun to love these paychecks! It's 2023, everybody has the internet. Figure out something you're good at, find out what part of that makes the most money, and google how to get into it. Or do it old school and ask people face to face. It took me a lot of humility to retrain from a teacher to working in tech in my 30s but thank God I made it. ☮
What the lady said about generational wealth was very important. Its so much harder when you don’t have that kind of help and have to struggle alone. It’s not impossible it just may take a little longer to get where you want to be. The fact that she has support but loves what she does making minimum wage is very interesting.
@@Bukola1 That was so real. I liked how she pointed that out and yes there’s no shame in that! I definitely wish that was my situation. I’d probably be able to do what I love more too! ❤️
Agreed. My generation was at a tipping point, but you can clearly see the differences now my friends have all turned 40. The haves and the have nots. Those who are well of generally have generational wealth or a partner with a good job as well. Those who aren’t well off come from lower class. I hate that word actually
I like this format but I like the topic even more. We're always bombarded with Wall Street and billionaires living in NYC. We need to know how does the average New Yorker who does not make over $1 million live in the City.
That first white man said alot about thinking we have to spend money. I was about to order from kung fu tea and drive 20 mins each way to pick it up. But i have food at home so thank you sir
Yeah but that’s only for people who have the extra income to NOT spend. Most people are living paycheck to paycheck. So what he said doesn’t even apply to the masses.
I think it can in some aspects. Often, people who live paycheck to paycheck, have and use credit cards, which gives the feeling of having “extra money”; then end up buying things they feel they need or to “treat” themselves, like Starbucks etc.
Ended up ordering my Kung Fu Tea. Uber was offering free delivery and 60% off my order if i rejoined the app. So i rejoined LOL Atleast saved 40 minutes worth of my gas, and motor risk-free
@Tanisha i can empathize. Ive been paycheck to paycheck many times before. Also im on unemployment right now. Nevertheless, each person only has the power to apply the advice to their life.
You know the banker is a smart guy just because his interview was so natural and captivating. If you can tell good stories and connect with people immediately, you generally do well in life financially.
Omg love this! So many interesting people! The first two were hilarious! loved the man on the bench and the classically trained ballerina going to college in her thirties. And loved that the last two people admitted how much generational wealth has helped them. Well done on getting out there Bukola and thanks for the video 🙌🏾
Pretty sure she is going to B-school, not college. Her shirt says Booth School of Business. But yeah, it's still challenging to go back to school in your 30s.
But that would have been in the 80's or 90's where one Bachelor's degree allowed you to make enough money to sustain all your needs. That's simply not the case now, especially in NY
I understand that, but there are certain professions where you do need to go to school. So to make a blanket statement of “don’t go to school” isn’t useful or productive. Good luck trying to become an investment banker, lawyer, or doctor by following his advice of “not going to school”
I cringe a little when people advise that going to school is a waste of time. Right now there is a HUGE shortage of doctors (especially psychiatrist), nurses, therapist and healthcare professionals in general. I’m pretty sure when you are on the brink of death you wouldnt hope for someone with a only a high school diploma or lack there of to perform surgery on you! Not all degrees are a waste of time! Just encourage people to choose wisely on what degree to pursue and to make good grades that will qualify them for scholarships!
last time i checked, it took years to be a doctor and also required a substantial amount of money unless you got scholarships (super rare and limited in quantity and you gotta sacrifice life to get those), its not as straight as you think it is, a far better choice is getting in the tech industry.
You can thank our commodified education system for that. College is so expensive now that it's actually deterring people from going to school. People advise you don't go because it's so expensive that the debt is not worth it. Especially if you're never able to secure a job in your field.
i disagree - college opens many doors esp for first generation. he says dont go to college but without a degree you cant get a job in investment banking. apply for merit and financial scholarships, do paid internships that boost your resume and teach you something, and choose your degree wisely
This was very helpful! As someone who works in assurance, specifically in Employee Benefit Plans, our generation tends to avoid talk about retirement or money in general. Start early and match your employers match if you can. What people don’t realize is that you can take a loan out on these retirement plans as well for different reasons (i.e., purchasing a residential property, hardships, etc.). You really won’t remember that money is there. Your 60-70 year old self will thank yourself that you did. Love this kind of content! Keep it up Bukola!
You are right. I should have begun employer matching early but I did eventually. Good thing too. I had to take a severance 5 yrs ago and after reviewing, realized it was a blessing in disguise because I was able to retire early. 😊
About the College Topic, it is an investment and your DEGREE is going to be the differentiating factor. Getting a degree in arts, social studies is a big no vs a STEM degree can provide a good ROI.
I live in nyc and am telling you. only live in an expensive place if you the money you save is more than otherwhere else, I calculated that before moving here, than you can truly have a great time
Back then college and uni were almost for free. You also only needed a basic degree as long as you could prove you had the thinking capacity or certain skills you’d get somewhere and they would hire you. The rest would come during on the job training. Nowadays it’ll cost you a fortune, it will endenture you for life and there really isn’t a guarantee to get a job that pays the bills. Let alone your debt
Mad respect to that investor for admitting straight up that although he worked hard, a nontrivial part is luck. Best investment was his kids. What a grounded humble dude.
Gosh, if only parents didn't over hype degrees to millennials. I paid under 15k for a bachelor degree in Canada. I still feel like it was a waste of time and money based on where I am now. Expensive lessons learned.
To be fair, 15k for a college degree in Canada is a steal compared to the US because 15k tends to be the price for one college school year at a public university
That was a great video. I will be moving to NYC in a couple weeks from North Carolina. Just an idea you should do a video specifically on money saving tips & tricks for daily living. I would be interested to learn how native New Yorkers handle daily expenses like groceries, laundry, metro expenses, utilities, etc. Especially with the rising cost of rent. Thanks!! Love your channel!! 😊
That was fun to watch you should do more of these voxpop videos! On a side note, you should never let your guests hold your mic, you could potentially lose control of the interview. Holding the mic lets u be in charge, dont give your power away. Learned this from Wendy Williams ;) keep up the good work!
This was a really great (and honest) cross-section of people! It literally shows what I love best about NYC: The variety of people and the exchange of information and ideas that flows so freely there.
The retired financial broker is my favorite out of them all. He spoke some serious truths about college degrees that we’re unfortunately seeing the result of presently. There are new ways to be successful without a degree and I love that he promotes thinking outside of the box when it comes to the standard a lot of us have been taught which is the college route to success.
I promise you every single one of his children when to a great university. We have to be honest people are not choosing the right majors. We need to Major in STEM fields, Engineering, Computer Science, Nursing, actual fields that have a high demand. A lot of people are majoring in communications, liberal arts, history, literature, fashion, etc.
Loved this! The two at the end who spoke on generational wealth really bring up a topic that does make most people with generational wealth, uncomfortable.
This was great! Love hearing from the different perspectives from people at different stages in life. Also really appreciate the transparency from the young guy and girl who owned up to their generational wealth privileges, that was great. And while I don't agree with all the answers, everybody shared something useful and worth pondering. Now to figure out how to get my 40 year old body to jump the turnstile 😅. Kidding! There's actually a great movie about that and how immigrants can't really get away with that. It's called "The Visitor".
I was honestly shocked to see someone with such a thrifty mindset going to such an overpriced institution for their degree. I hope they have grants/scholarships.
Maybe my observation is wrong, but I've noticed that elite universities/colleges open doors irrespective of major. A person can major in egg painting, yet get jobs in technical *sounding* roles like that young lady.
this is so timely!! I've been watching your channel since you appeared on CNBC and now heading to NYC to intern for a tech company. I'm a bit scared about the cost of living in NYC since it's so expensive but what better time to experience NY for the first time than an internship!!!!😄 Great work!
When I lived in nyc my partner and I afforded living in the city by having family friends that rented out their attic to us in queens. $1000 rent 🙌. It definitely was a privilege to know someone who had this space available when we were looking to move to a new city. #southozonepark #queens
Went to college. Majored in IT. Came out with 19k in student loans (CC & University). Make well over six figures a year. Folks should really stop with the whole "college isn't worth it" shit. BLS website has been around since I was in high school in the mid-late 2000s. Do your research, folks.
