Living On $130K A Year In Philadelphia, PA | Millennial Money

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Lenerson Pyrrhus, 26, lives in Philadelphia, Pennsylvania and earns $130,000 a year as an infrastructure developer for JPMorgan Chase. He was inspired by CNBC Make It's RU-vid channel to improve his budgeting and investing. He's pursuing a master's degree in applied data science and hopes to cut half his debt by next year. This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.
Nearly 20 years ago, most of Lenny Pyrrhus’ immediate family fled Haiti after his uncle, a popular musician known as Ti Pierre, was killed during a political protest against a repressive military-led government in 1991.
“All of my grandmother’s kids, one by one, got their citizenship and brought their families to the [U.S.],” the 26-year-old tells CNBC Make It. “That’s how we established ourselves here in America.”
Pyrrhus’ aunt and grandparents were already settled in New Jersey when he arrived with his father in 2000, when Pyrrhus was four. His sister followed in 2003, when she was three. However, in the post-9/11 world, immigration restrictions meant that Pyrrhus was unable to see his mother for another 10 years.
“My family went through so much suffering before I was even born, and then for me to have gotten that kind of opportunity in America, I tried to figure out how to make the best of it,” he says.
For Pyrrhus, that meant taking advantage of the educational opportunities found in the U.S., where his talent for math has led to a successful career. Today, he makes $130,000 as an infrastructure developer for JP Morgan Chase in Philadelphia.
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Living On $130K A Year In Philadelphia, Pennsylvania | Millennial Money

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28 сен 2024

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Комментарии : 1 тыс.

@CNBCMakeIt 2 года назад

What's your budget breakdown? We're looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money: cnb.cx/32TYZ2K

@MikoWorldwide 2 года назад

Feature me

@shakerboi6992 2 года назад

Is this a free feature do the subjects get paid?

@davidsiaffa1709 8 месяцев назад

I don't have a job I'm a student

@tb11212 2 года назад

I hope this guy takes some of these comments constructively even if they are a bit harsh. I want to acknowledge that it takes courage to share your finances with the internet. It seems like he’s suffering from lifestyle creep. As a single person, you can definitely eat out a ton and cook at home on $800. He could take the extra $2k and divide it between his student loans, his car, and savings. With that kind of income and the right discipline, he could be debt free in less than two years while still having a life. I’m sure he works hard so I just don’t want him to look back in 5 or 10 years and realize he didn’t save enough and spent too much on “in the moment” and not enough on saving for the future during his best earning years…best of luck to him.

@shinji1264 2 года назад

You shouldn't drop information this good on the internet for free, people pay life advisors big money for a lot less, let em crash and burn.

@mike-yk4yk Год назад

@@shinji1264 not everyones a dickhead

@aisha3517 Год назад

@@shinji1264 this is such a sad take, not everything has to be done for monetary gain you can just share useful information that could benefit someone and that good karma will come back to you in some way shape or form

@nicolebond3992 Год назад

You are spot on in your analysis. Wise words indeed.

@Arin9626 Год назад

Most PhD students in America get around 30K, even those in STEM field. And they have to manage all their expenses in that. Sacrificing few years financially for a long term payoff

@erickn7985 2 года назад

The most scary part was that he only saved $292 but spent $2 9k on food💀💀

@utinsutiwi 2 года назад

I make 1/4 of what he makes and save over $200 each month. I live in Philadelphia, my rent is the same as his too.

@prettygirlus9008 2 года назад

I spend $100/week on food.

@kwazzik5453 2 года назад

It's crazy to me

@brianwilliams8568 2 года назад

That’s where his budget come from by eating

@jones2277 2 года назад

what? he's a growing boy.

@HiDean 2 года назад

This man better pray he doesn't get laid off. Because he'll regret spending all that money on food and not for the future

@quaithom3138 2 года назад

He has the skills to land another high paying job.

@Tunechi65 2 года назад

@@quaithom3138 yeah as a fellow engineer although jobs are never guaranteed, the good thing about engineering is you can find another job quickly. Hopefully he has savings

@ForEverMeTori 2 года назад

@Quai Thom yeah but who wants to work for the rest of their lives. That is why you make smart decisions with your money while you're working. And with $130k you can get there faster. But he is flushing it down the toilet every month on eating out. God forbid his health is comprised and can't work. I hope he has enough savings to afford the care. Just sad to watch. 😩

@ad2094 2 года назад

@@ForEverMeTori most people will work the rest of their lives. After the age of retirement, many still find odd jobs to do. I think most people want increased flexibility to work when they choose, as opposed to not wanting to work at all. That might actually be dreadful.

@duboisrenee13 2 года назад

As a Haitian-American myself, I CANNOT agree with spending almost $3000 per month on food/dining out!! I know your parents don't agree with that. I can afford it, but why. I'm disappointed with that part. That money can be used for your student loans and credit card debt.

@Zoey24 2 года назад

Completely agree with this! Immigrant parents always tell you “there’s food at the house” for a reason. For a single person to spend that much money on food for themselves, they’re definitely not interested in investing in their financial future.

@winnersmakenoexcuses2360 2 года назад

Give the man a break. He's 26 and makes $130K. That's a big achievement. At least in my book. Could he be cooking more at home? Yes. But maybe that would make him a less happy and productive employee. Don't look so narrow.

@saulgoodman2018 2 года назад

@@winnersmakenoexcuses2360 But he is living paycheck to paycheck.

@garyish 2 года назад

@@winnersmakenoexcuses2360 I think he should curtail his ridiculous going-out budget for like a year.. that itself will pay off his student loans. And then he can resume his lifestyle. Short term pain for long term gain. Not a permanent lifestyle adjustment

@dynamichunter843 2 года назад

@@Zoey24 bro every parent says that lol

@marlenetapilang3584 2 года назад

If this guy exchange his food budget to his savings or his investment, he’d be debt free faster and maybe can “definitely change his trajectory and definitely, you know, get some type of financial, you know, freedom”.

@lorrainea.285 2 года назад

I spend $240 a month on food living in upper Bergen County!!! His food bill is RIDICULOUS!!!!!!!🤯🤯🤯😱🤯🤯🤯🤯

@marlenetapilang3584 2 года назад

@@lorrainea.285 truly ridiculous and yet he’s talking about financial freedom. I wonder if he will ever achieve it. They should feature someone who is inspiring

@donnaledbetter1571 2 года назад

THREE cartons of eggs in the fridge.

@Charlie2timez 2 года назад

Or..you could mind your business bc it’s not your money. Take the lessons you want and leave the ones you don’t.

@sunshinexoxo6107 2 года назад

Under $300 in savings per month while earning over $7400 per month? You've done the hard work and are earning a great salary, take the time organize your finances and put yourself first. Even the boring 50/30/20 rule could work as a start. Savings and investments give peace of mind. Best part is you can still enjoy restaurants, concerts, sports events. Just organize

@mackeejack6731 2 года назад

Fr he could be a millionaire in 10 years easily

@Audreylin29 2 года назад

Yeah! Glad for your comment :) not gonna watch this video now

@MikoWorldwide 2 года назад

$7400 per month is a great salary? Whoa,our definitions are way off.

@Tunechi65 2 года назад

@@MikoWorldwide that's like top 20 percent in the country. Yes it's a great salary. More than the average HOUSEHOLD income

@zacharyporter3637 2 года назад

Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

@brendaalmeida2068 2 года назад

@Ethan James I totally agree with you, the crypto currency market is the most profitable venture I ever invested in, I reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading

@paolosalvi467 2 года назад

Speaking of investing

@paolosalvi467 2 года назад

@@brendaalmeida2068 I know I am blessed because if not I wouldn’t have met someone who is as spectacular as expert Mrs Grayson Amelia

@helenwallace5983 2 года назад

@@paolosalvi467 wow!! you know her too?

@helenwallace5983 2 года назад

I even thought I’m the only one she has helped walk through the fears and falls of forex trading.....

@Yardie_in_Tampa 2 года назад

This is painful to watch. I left Philly 2 years ago, making over 100k per year and single, he should be living virtually debt free (except for maybe student loan and a mortgage). Philly is one of the more affordable cities to live. Atleast when I use to live there.

@CC-cv3xk 2 года назад

Affordable for who? Philly is expensive. Especially SP!

@deebrown7160 2 года назад

Im looking to buy whats a good zip code to buy in, I dont mind fixer uppers. Thanks

@ICgay4 2 года назад

yeah not the same anymore, prices and cost of living is not as cheap but now everyone raised their rent

@essflem 2 года назад

It’s still one of the more affordable cities in comparison to others but everyone’s been hit with crazy rent prices due to developers and also the recession is nuts. Very expensive, but since this is happening everywhere, by comparison still more affordable. I have no idea how this man is spending this way in this city.

@Haruzak1 2 года назад

@@CC-cv3xk I live in SP, a homeowner here. Philly is affordable city if you can manage your money. You can live good here with minimum wages compared to NYC or West Coast.

@pg9566 2 года назад

Bruh this is one of those rare cases where he should follow Dave Ramsey's approach

@alp.9672 2 года назад

lol

@stevenedwards891 2 года назад

Ayo Dave Ramsey… Come get the Dude!!

@612osiris 2 года назад

🤣

@HSSwu-b2u Месяц назад

Rice and beans baby!!

@dabookwriter 2 года назад

$2300/mo on food? He’s a very hungry man lol

@deebell1638 Год назад

I'm sure that amount includes alcohol.

@NTUser1 2 года назад

Graham Stephan is going to have a field day with this guy

@mrallenwing 2 года назад

Came here to say this !!!!

@mrallenwing 2 года назад

All he has to do is cook his meals at home and only go out once a week and he would be debt free in a matter of months

@Styles9292 2 года назад

I was thinking the same thing

@AF-pw8il 2 года назад

Lol

@ShervierJ 2 года назад

Or a heart attack

@td69 2 года назад

“I used to have terrible financial habits” 😂😂 Dudes food budget is 10x his monthly savings. “I had to get a Mercedes’ because my Grandma had the same name” 🤣 there’s still time to take down this episode CNBC, this has gotta be a joke. My man is saying all the right things yet does the opposite. He’s completely broke…. Respectfully.

@CheJoffre 2 года назад

Haha, no, CNBC needs to highlight this one in a "what not to do" series, SMH

@SeeWonderHaveLive 2 года назад

LOL! It is called learning from big a$$ mistakes, why would they take it down? 😮

@AlexSchwartzATV 2 года назад

It is pretty shocking to see $900/mo rent and $130k salary and $7000 CC debt.

@phillyant58 2 года назад

@@AlexSchwartzATV when they said he has 7k credit card debt with the amount he makes and the rent he pays I was blown away. How? He's not financially mature yet

@icetrip2417 Год назад

@@AlexSchwartzATV its wild

@AsToldByDesiree 2 года назад

This was really rough he needs some financial advisory . With that salary he can easily have no debt and still do the things he enjoys

@holdupnow2326 2 года назад

I'm seeing a lot of young adults are spending more money on their social life eating out, festivals, etcetera. Especially when they grew up poor once they have the income to splurge on materialistic items. Yet they are still paying off student loans or willing not to repay the loans.

@sab-vl4jg Год назад

HUGE reason why student loan forgiveness is and always will be such a stupid idea that I find it hard to believe it's actually a thing now!!

@BlueStreak706 2 года назад

Dave Ramsey would tear him up! $2,500 on food? Wow! While he’s hauling credit card debt, student loans and car notes? Wow!!

@oshkoshbegone 2 года назад

If this guy goes frugal for 1 year he could pay down 50k in debts, that's all his credit cards, his car and half his student loans... its mind boggling that people pay the minimum repayment on credit cards. that's over 20% interest.

@R_A_3000 2 года назад

That's what I'm doing now and I make less than 100k. He's eating out way too much and he can save to own a home instead of paying $1000 a month in rent and bills.

@oshkoshbegone 2 года назад

@@R_A_3000 they should change the title to living broke on 130k a year

@SeeWonderHaveLive 2 года назад

It seems like he has to use no more than 300 a month on restaurants with his debts. Someone who says they don't want to get too emotionally involved as they spend is sort of dodging accountability from that equation! I have lunch dates for business on zoom. I don't pay for parking, food or tip. There are some ways to socialize without over indulging at a restaurant too.

@noahpassmore6452 2 года назад

he could pay off the car in a year if he fixed his food payments lol

@TritoneTrickster 2 года назад

Interesting. He talks about “paying himself first” but he only saves $300 and spends almost $3k on food on a $7.4K budget. I earn half what he does and manage to put away triple what he does. I reckon he can get his food to match his rent and still have a good time, putting the rest away into savings and investments. He’s got quite a lot to learn still but his head is in the right place looking ahead, so hopefully he can cut down and save/invest up ASAP.

@emmanuelharbor2350 2 года назад

Quite agree

@ennvee1989 2 года назад

He needs to get rid of the Mercedes and get a cheaper car.

@pkal244 2 года назад

$300 savings a month lol!! With a Mercedes with 0 down and other debt on top of that. This is a lesson on what not to do with a six figure salary. We make 3x what he does and pay exponentially more into investments with zero debt. He'll be paying for his bad choices for at least a decade, assuming he changes them!

@saulgoodman2018 2 года назад

@@ennvee1989 For his income, his car is not that expensive.

@ennvee1989 2 года назад

@@saulgoodman2018 He can also start preparing food at home to save even more.

@kellyhou9594 2 года назад

He should be doing the opposite to spend $888 on food, and $2861 to pay his debit. Average American income is around 35K so with his income, he should be able to pay all his debt very quickly. Merced are great cars, but expensive for maintain. Get a $5000 cash bought car, and your can use your car payment toward investing or save for home.

@teephillips468 2 года назад

I just made my 12 year old son, who is STEM leaning, watch this as a lesson on how not to squander a 6 figure salary. This man could be debt free within 24 months, and investing huge sums of money. Someone please introduce him to the FIRE movement.

@mackeejack6731 2 года назад

Your son will be a millionaire

@djwoosie98 2 года назад

He is free to do whatever he wants it's not that bad.

@lenaprice6239 2 года назад

Yup, Lenny needs to learn about FIRE. He's young and should start investing ASAP!

@Tunechi65 2 года назад

Aerospace engineer here and I agree

@abbyoneill4473 2 года назад

I totally understand wanting to have fun while you’re young but I really wish I could tell my younger self to sock away more money and invest more in my 20s. You never know what life will throw at you and you have to be ready. Medical and dental bills, having children, major home repairs, being priced out of your apartment rental and having to pay more or move, losing your job, God forbid getting into an accident or getting hurt and you can’t work. Please everyone expect the best but prepare for the worst 🙏🏻❤️

@iankamau222 2 года назад

He says: “I used to have terrible financial habits” and “I would like to describe my financial habits as balanced” but his massive food budget is 10x his savings.. he put $0 down on a Benz bc his granny had the same name (more debt and more big interest).. and he’s basically maxed out his credit cards and is only paying just over 10% on that consumer debt that is most likely 20-24% or more in interest monthly. He’s saying the right things but behaving totally different.

@iankamau222 2 года назад

also… HE WORKS FOR JP MORGAN!!! One of the biggest financial service institutions on the planet….. man.. he still has “terrible financial habits” ..I hope they helped this man and didn’t just film him and leave.

@NPAMike 2 года назад

He said he was inspired to be debt free but apparently his lifestyle meant more.

@darickfoxo7986 Год назад

Not one of it’s the biggest bank. dude is lost

@masterl14 2 года назад

Bro! Youre still young so i'll give some grace but if you're going to spend that much on fun/luxury etc you have to match it in investments which actually compound over time. Maybe match your debt repayment with investing/saving.... you're earning alot so have a good headstart!

@margotk538 2 года назад

Spending almost $100USD per day on food is crazy…even if you eat out at restaurants for all 3 meals that’s a lot…I think a few years later when he finally decides to save money, this is the first place he can cut down…

@evee1233 2 года назад

This is the first realistic “not starving/going out/ not doing anything fun” video I’ve seen on this channel. He’s figuring it out, has no kids, and is young. Not everyone they showcase has to have it “together” by fin-bro standards. Yikes y’all are mad harsh in these comments

@neilt843 2 года назад

There’s a difference between having fun and being irresponsible. He is irresponsible

@lshplayer90 2 года назад

Great point, Ivie.

@jimmyli6594 2 года назад

Wtf is fin-bro standards when it comes to spending below your means? He makes more than enough to do a ton of these, spend a lot, and still make healthy financial habits. Carrying 7k in CC debt on a 130k salary and not being concerned by it is an issue…

@kevinmaghran6933 2 года назад

$2500 a month on booze and eating out is a joke. That's $80 every day doing that. No one is asking him to be a fin bro but spending $80 a day on eating out and booze is ridiculous.

@karakol86 2 года назад

@@jimmyli6594 and what I find most irritating about this is that he made no indication he sought out professional financial advice. This guy is a credit card company's dream. Wonder what his credit score is

@divadiya1 2 года назад

Wow, that food budget is unbelievable! He’s literally crapping his money down the toilet! He needs to see a financial advisor immediately and turn this around

@swabrren 2 года назад

I’m so shook at that food tab vs the monthly savings and minimal investments while working at THEE JP Morgan Chase making over 100k in a very affordable city. They’ve got to have generous 401k matching my god.

@AA-ig9re Год назад

Didn't he just start? No 401k matching until after a year at JPMC.

@madefromstardust2250 2 года назад

I respect his humbleness but this guy needs to get better at financially managing his food expenses

@djzaki 2 года назад

To be honest, everyone's roasting the guy but aside from food and eating out he's doing great. Not many 26 year Olds have a solid career or even have a mere 26k of student loans. I also give him props for buying a luxury car used rather than new. New c class mercedes are closer to 50, So buying used was smart.

@yesthisisvic 2 года назад

Could have bought a used Ford for half as much. When you have a "career" where you can't afford more than $1K/month for savings/investments you don't have the finances for a Mercedes. It's all vanity. It's all, "Look at me! Me! Me! Me!". Those types never make it. They all end up bankrupt.

@djzaki 2 года назад

@@yesthisisvic I agree. I don't think anyone who can't afford an expensive car should buy one. But, certain mercedes are built amazingly and are purpose built like bmw, and Ford. I would never buy a Ford Fiesta, because they build bad cars but I'd buy a Ford truck because they're built amazingly if I needed one for a business. I would never buy a 3 series bmw for the badge vanity, but I'd buy an m3 because they're life changing to drive as a sports car. As for the c class I wouldn't buy one it's an expensive economy car. Would I buy a g wagon, I actually own one! Maintains value like a Toyota land cruiser, built tough enough to drive through the Sahara and is a tax write-off because of its weight. Definitely did not buy new though. But this is a finance video not a car enthusiast video lol so I'm just going on a tangent.

@watermelon1221 2 года назад

meh, all he has is a good paying job, but is terrible with his money. he's not a role model in anything he does or says

@jayklove2259 2 года назад

Buying a 5 Year old Benz isn’t a smart move. In 5 years at the end of the loan it’ll be 10 years old and problematic.

@djzaki 2 года назад

@@jayklove2259 well it's either buying a new mercedes and losing 70% of its value, or buying an older one and dealing with maintenance. I wouldn't recommend buying any old car, but specific ones keep value regardless of age like the g wagon. Other older cars that keep value include say the m3, land cruiser, Porsche 911. At that point they're more of collectibles not dialy drivers! If I had one care to drive every day it wouldn't be a an old mercedes. So I agree with that point

@jamsrandorjbatbayar3652 2 года назад

1. Used mercedes 🚩 2. Spending 2300 on bars 🚩 3. Only saving 300 per month 🚩 4. High credit card usage 🚩

@empirestate8791 2 года назад

This guy should be debt free by now. Maybe even saving up for a condominium. That food budget is absolutely insane. Even if he spends $1000 a month on food (which is a lot for a single guy), it's still more than a thousand a month that can go towards savings and student loan payments. The fact that his outstanding student loan debt is higher than the initial loan amount proves this guy needs to get his act together. Buying the Mercedes with $0 down was also surprising - it's just some more unnecessary interest. He should really get rid of the credit card debt ASAP. Philly is one of the cheapest cities to live in the US, and you don't even need a car in many areas as the buses and trains are pretty good (and much of the city is quite walkable). Hopefully, he reduces his food budget and focuses on savings & debt reduction.

@benrideaux6097 2 года назад

Bro it's ok , go outside!

@herbertjreid3rd253 2 года назад

Everybody starts somewhere….,hopefully he digs his way out

@TonyGeeII 2 года назад

Got second hand embarrassment from this. Seemed like a “what not to do with your money” episode imo. Lenny, bro hmu if you see this. You got work to do. $10k credit limit but $7k in debt. Saves $300 but spending $2300 on food. Cmon bro, it can’t be just vibes right now. Gotta tighten up

@edb484 2 года назад

Bro he really in on vibes lol and living it up

@TonyGeeII 2 года назад

@@edb484 lol facts. There ain’t nothing wrong with enjoying your money. You earned it but cmon, that’s crazy

@Jame6999 2 года назад

This dude is wreckless. He loses that job and it's all downhill! God I wish I made that kind of bread.

@sdkfz2519 6 месяцев назад

I'm watching this in February 2024. This guy bought a 5 yrs old C300 Benz at the highest used car value at nearly 10% interest (based on his $490 monthly payment). Plus, the rest of his budget is just insane, particularly for an inexpensive city like Philly

@erethaaaron 2 года назад

Buy a house and pay it off in 10 years and build up your savings accounts. Cook your own meals. Your "friends" should understand you want to have a legacy connected to your family name.

@sherryxiao9735 2 года назад

Lenny reminds me of all my poor friends driving around in their Mercedes. Will be paying cash for it at repo auction. Make 3x what Lenny makes and never spent that much ever eating out in a month.

@chicago9458 2 года назад

Dude your food needs to be swapped with your investment in that pie at this stage 🤣

@TheNeighborhoodFinanceGuy 2 года назад

This is a TERRIBLE example of money management. This is Financial literacy violence. He saves and invest almost nothing. He carries an unnecessary amount of consumer debt. He is leveraging his future through indebted vehicles (no not just the car). He overspends on food/drinks which will eventually impact his health. He isn't moving in a manner to purchase a home any time soon. One layoff or recession away from losing it all financially and starting back up. At least he has a quality education and high income field.

@saulgoodman2018 2 года назад

$2,900 on food? Where's in investments? 401k, IRA. And credit cards should be paid off every month.

@patriciagrady3997 2 года назад

Be careful showing your face because there's a lot of evil people that may target you . So happy for all of your accomplishments .

@eleanorolly5752 2 года назад

Most times it amazes me greatly the way I moved from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

@julialucas7349 2 года назад

sounds so interesting, that's more than a mouthful of profits you're making. How do you go about having such huge profits ? You must be a genius in trading.

@zoepayton1540 2 года назад

Huge returns like this comes monthly from a very good and experienced trader that must have gotten years of extensive trading

@irmgardjannike3218 2 года назад

I know people still make good returns coupled with their normal job income if they're working

@matthishaiden4085 2 года назад

I don't think I will have to work for anyone if I do earn such a huge amount from home

@loreleymadde2886 2 года назад

I've heard so much about this Axel Merk, is it that He handles your trades herself then you make withdrawal directly to your bank or wallet?

@jordengonzales-richard9415 2 года назад

Look, he does need to change some things. If you really look at it it’s only a couple of tweaks. In the comments for these videos everyone complains about how the videos aren’t realistic. Well this is real! Remember that he can see all of this.

@benr7101 2 года назад

I dont know if the man in the video reads the comments, but if he does, i would recommend PRG East Falls or Fishtown for climbing. East Falls has much better bouldering though.

@BHS2 2 года назад

His monthly food expenditure is more than double my rent

@4cuttime 2 года назад

Same here lol. I was like wow

@erickn7985 2 года назад

It's my mortgage, bills, savings account, insurance, car costs, and still have about $500

@michellemarie1197 2 года назад

It's more than my mortgage payment

@catishapinnock-osias8736 2 года назад

I'm not really sure what to take away from this episode, because most of what he does is not exemplary behavior to me. He spends wayyyy too much on food and eating out. I'm not sure he needed a Benz just yet, and he has $10,000 in credit, but yet he owes *$7,000 out of it. That's a really high credit utilization. Not sure about this one. They usually tell about how much they save, or invest but I'm not seeing any of that here. SMH. I MAY BE WRONG, BUT I WON'T BE TAKING FINANCIAL ADVICE FROM THIS ONE. SORRY.

@TwiinStar1224 2 года назад

It's Millennial Money, not millennial makes correct financial decisions

@stephanieokolo5101 2 года назад

It’s millennial money lol …it shows their spending

@naturalbeauty_abena1230 2 года назад

The advise is don't be like this guy with finances. He has high credit card balance because he is living from paycheck to paycheck. With all that money on food and eating out a month.

@haveaseatmarj 2 года назад

What rent is under $900?

@LK_EBM 2 года назад

He's got to have roomates

@JoelleB405 2 года назад

@@LK_EBM not necessarily in the Philly market.

@alp.9672 2 года назад

@@JoelleB405 Phlly is not rural USA. You must not know how much Philly cost.

@9770G 2 года назад

@@LK_EBM definitely has roommates. I bet the place he stays at goes for 3k a month or more. Probably has 2-3 roommates.

@albertoharo9523 2 года назад

Graham review this one!!

@HereAndTher3 2 года назад

The budgets are only for what they spent the month of filming. Not what they do on a consistent basis. Probably went out on vacation recently and clubbing. I’m sure it’ll be more sound going forward

@armstrong92k 2 года назад

$3k on food and only $292 on savings? 🤔if he saves 3 months eating out money he can clear his credit cards. If he buckled down he can be debt free in 2 years.

@benbowensphoto 2 года назад

Where is this guy living in Philly and paying $900 rent?! Also, why is he paying over 2k a month on food?!

@alexpress5375 2 года назад

Smh...this is so sad and crazy! Financial literacy is sooooooo important. He is a GREAT example of what not to do and why it's sooooooo important to educate yourself FINANCIALLY. There's just too much information out here to be living like this smh 😩😩😢🤦🤦 I hope he changes his ways soon. He can still recover from these mistakes

@joja2568 11 месяцев назад

Can we get a follow up of Lenny?

@prettygirlus9008 2 года назад

It seems like his food (& going out expense) might be more of a one-off bad month than a regular thing. I spend about $400 in entertainment each month. I'd be more concerned about his $609 discretionary spending (basically, that's just spending on stuff he can't recall what for). His $897 rent is low, must have a roommate; I had one at 26 y/o. $988 transportation, OMG!

@muller_509 2 года назад

My boy Lenny! Congrats bro

@darickfoxo7986 Год назад

You need to have a serious talk with your boi

@DC_daze 2 года назад

When I was 26 I was making $8.25 an hour. Good job!

@shiftautomotive854 2 года назад

how old are you now?

@DC_daze 2 года назад

@@shiftautomotive854 A lot older than 26 😂

@thebritfix 2 года назад

Maybe its me.... but I don't really get the point of this video. There was nothing to gain And im from Philly.. idk where he's eating at cuz food Is not that expensive here lol

@ashleytvisualstv Год назад

Where’s the $897 rent lol? I can’t find those prices anywhere in Philly

@gc377 2 года назад

Graham…. GRAHAM PLS HELP THIS MAN

@jessem7556 Год назад

Great video. Love your story.

@Phlegethon 4 месяца назад

The country needs high income people like him to spend to keep running why are all the comments so negative

@Myeternalperspective 2 года назад

He seems like a good dude with a good head on his shoulder. Much success to him 🙏

@Jonelle3000 2 года назад

Thank you for sharing Lenny’s story’s! This was very inspirational.

@angelofosho 2 года назад

I would have guessed he had a family of 5 with that food budget. He eats all of his money.

@tae7x 2 года назад

I feel like you guys are used to seeing people on here that are basically perfect and don’t make mistakes or inefficient decisions ever and frankly, for the average person, that’s just not realistic. I saw a couple of things I would prob do differently but I make it a point to not be upset at someone else’s situation when they themselves seem fine. His energy is positive and he clearly prioritizes experiences and living the way he genuinely wants to over having the perfect plan. At 26 with no kids or spouse, he’s enjoying his money and his life and I can’t really be mad at that. I’m proud of him and I also think it’s important for people to see that just because you earn a lot of money doesn’t mean you have a perfect set up that never goes out of wack. The blessing here is that he can afford to make those mistakes & recognize them to make changes in the future while still living and enjoying the life he has right NOW instead of in a few years that aren’t even guaranteed. Last, whether you want to admit it or not, his lifestyle is much more common than you think, people just don’t talk about the real state of their finances the way this series allows us to see it.

@FM-dm8xj 2 года назад

I cant wait for mr wonderful to react to this.

@447mason Год назад

$200 towards savings but spends $2k on food? He should rethink his phrase of “pay myself first”

@LolaSemone 2 года назад

Oh, why did you come on this thing? You already know these people are going to eat you up over this lol

@moff_gideon 2 года назад

This video has triggered a lot of people and I’m pretty sure this guy could care less

@gabriellemetott1887 2 года назад

$76,000 just in two weeks Mrs Olivia Renae Marks you are so amazing.

@donaldwest3219 2 года назад

Same here, I started with $12,000 now earning $58,300 bi-weekly profits with her trading program.

@maxwelllogan7003 2 года назад

Count me in! I'm placing my trades with Expert Olivia Renae Marks.

@kayflip2233 2 года назад

If he can come from poverty stricken country like Haiti and live in a poor neighborhood in Philly and still get 2 degrees, gain comp sci and data science skills and get a job at one of the most powerful banks in the world, anybody born and raised in America should be ashamed if they don't at least attempt to do what he did despite all of the odds he was against.

@lenaprice6239 2 года назад

The bigger concern is why so many from Haiti can't survive and thrive in their own homeland.

@kayflip2233 2 года назад

@@lenaprice6239 It's easier said than done when there is so much corruption, no opportunities, natural disasters, high crime, lack of education, civil war etc. A few smart people can't do it themselves. They need external help and decades of slow growth before they can become self sustainable.

@lenaprice6239 2 года назад

@@kayflip2233 I understand, but Haiti is doomed to always be impoverished if there is a constant brain drain of the smartest people from that nation. The reason why the U.S. has vast successful industries is because it not only manages to retain the talents of its citizens (who rarely work abroad), it also attracts the best and brightest from other nations.

@lenaprice6239 2 года назад

@@kayflip2233 Many immigrants come to the U.S. searching for the American dream, without realizing that they are directly contributing to the poverty in their home nation, by not being the thought leaders and innovators in their home nations. America has a population of nearly 350 million people, and only around 8 million are living abroad. The vast majority of Americans believe in fighting within the system to create the nation that they want, not only for themselves, but also for their future children. Haitians need to understand that true change will only come about, when the people in Haiti work together to create the country that they want. It is not always achieved peacefully. The U.S. had the revolutionary war and civil war (as well as many different movements). It wasn't just handed to us on a silver platter.

@kayflip2233 2 года назад

@@lenaprice6239 I agree with you. But people are always going to be drawn to make money, wherever that may be. The US has the highest wages in the world with the best living conditions. Asia is the next frontier. At least China is industrializing Africa at the fastest rate in history. Hopefully more developing nations will follow.

@Y_Canada 2 года назад

Sorry, but the guy has a lot of debt, yet his monthly debt payment budget is $888, all while he spends $2-3k on food? And he got a $26k car instead of a budget car because his grandma's name was Mercedes? All while pursuing a Master's? HUH?

@alp.9672 2 года назад

$26k is considered a budget car what are you talking about? Any car under $30k in this day an age is.

@cinnawhat8797 2 года назад

can’t wait to see the reaction video from garage stephen on this one .

@urbanflight820 2 года назад

He's still young, but I am gagging at the 70% credit utilization and $3,000 per month on food and entertainment. That is three times his rent! I saw a small bucket for investments, but where is the retirement?

@dwiyual 2 года назад

He needs to put more in savings and investing and divert from food and going out. It's funny I make less than 30,000 a year and save as much as he does.

@charlesgreenberg1158 2 года назад

Lenny is a good guy and is spending generously. Good to get the cc debt eliminated; now learn to cook and put all that savings into a nest egg. Plan to make large dishes on the weekend and have 2-3 leftover meals to bring to work. Overall, B+ for learning financial control.

@yasinnabi 2 года назад

Making money is an ART , and controling ones cost is a beautiful art... Yasin Nabi

@britt_taylor 2 года назад

He spends the equivalent of my mortgage on food. He’s making good money, especially for his age, but $1k on transportation and the food budget seems exorbitant.

@BrittanyReadsBooks 2 месяца назад

I would not say this person has "made it". They seem like a hot mess.

@abbyoneill4473 2 года назад

If he has $7k in cc debt and only a $10k total credit line (they said $5k on each of 2 cards), he’s at 70% credit utilization right? 😳 Not good for his credit score. I would prioritize those ASAP especially since his job will pay for his student loans it looks like.

@BLACKAAROW 2 года назад

that must explain why he has such a high car payment for his used car, dude prolly took out a 60 month car note with 12% interest smh

@sarahcommand5830 Год назад

As someone who makes a little more than this per year, I only pay $500 in rent and probably spend $200 in takeout a month. It is possible to live more frugally! You can save TONS on this salary!!

@stockholmpublishings2937 2 года назад

what is this? how to handle your money in the worst way possible? 7,5K budget ber month and still has around 7K in credit card debt with high interest rates? like what? Spends around 160 dollars on "investments" per month and 3000 dollars on food, ok lol.

@MikoWorldwide 2 года назад

Bro your budget says you save less than $300 per month? That cannot be right if you earn close to $8000 per month. Bro I literally save and invest thousands of dollars per month. You prioritize going out with your “friends “? These are not your friends if they’re just letting you only save $300 per month

@XKillerX25 2 года назад

bruh 7k in credit cards, 29k in student loans. he can easily pay that in 2 years with a salary of 100k

@malniehamex5273 2 года назад

Pretty sure 26 is GenZ not a millennial

@0Mynameisearl0 2 года назад

Gen Z starts at birth year ‘97 so he fits the millennial age range

@LolaSemone 2 года назад

Oh wow, sue the channel! What a big deal

@viaaki2247 2 года назад

Good luck Lenny. Your food budget could pay off those debts in a snap.

@lowbudgetpokemon 2 года назад

give the guy a break. he's only 26. needs to live a little.

@tasneemahmed5821 2 года назад

This is how people end up working for the rest of their lives. They're only in their twenties they should live a little. They're in their thirties they just started developing a family let them live a little. They're in their forties their kids are getting older they need to spend money on them. They're in their fifties their kids are in college and they have to pay for it. They're in their sixties and they haven't paid off their debts. They're in their seventies and they can't retire. See how it goes?

@Thebreakdownshow1 2 года назад

That is a butt load of money, I should do a video about my life living on a lot less.

@LK_EBM 2 года назад

Do it. I'd watch it haha.

@everythingella4575 2 года назад

Am I the only one who noticed “Got Milktubes?” 😂😂

@kellyjohnally7880 2 года назад

Lenny, we want you to be great, but this path isn't looking too promising. Please sit down with a financial planner. You are clearly intelligent and will hopefully continue to do well professionally - let's get a money plan in place so that you can truly enjoy financial freedom.

@dynamichunter843 2 года назад

He needs to go on Caleb Hammer’s channel for a financial audit, he has the tools but is wasting his opportunities by not paying off the loans and spending way too much

@brotherx6205 2 года назад

gotta quit abusing these credit cards man. they are eating away at you guys

@lancebrooks6632 2 года назад

This is a very realistic millennial money for high earners. Other than choosing the wrong fraternity, this guy is alright. Shoutout to my D9 brother!

@DNMWHOA 2 года назад

Bro. Non-fraternity brother (ie Black) here. This man is saving 6k a year on a 130k salary. That’s not alright

@lancebrooks6632 2 года назад

@@DNMWHOA I hear you. Never said it was alright, but it is very realistic to how high earners spend their money. At least he's saving something. I'm sure his savings will continue to grow over time.

@alexisj7025 2 года назад

Agreed…most folks my age who make six figures or more definitely spend money this way,especially those of us with no children. 🤷🏾‍♀️ Trips/food/restaurant/bars/fun is the major part of the budget. Now that I’m in my mid 30s, I def spend a lot more of that on investments,debts and other things that allow my money to MAKE more money. But at 26!?…psshttt, that just wasn’t as important to me back then, so I get it.

@lyndee13 2 года назад

Problem is there’s no guarantee that his income will last. What if he’s suddenly laid off and doesn’t find another position straight away? Lots of variables that he really needs to think about…

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@sincerelysandi 2 года назад

Lenny has no business having that much debt with the amount of money he makes. His salary is great but his financial mindset needs work. Otherwise I enjoyed this.

@teoborunda469 2 года назад

How did he get $897 a mont for rent in Philly?!

@thinkforyourself9334 2 года назад

Roommates

@AlexAlex-gj4jd 2 года назад

OMG! As a 58 year old who has never made more than 50K in a HCOL area and usually less, it's a ridiculous use of his skills and the money he earns! I worked hard to pay off my house in less than 20 years that is now worth about 1.2 million. But, I have almost no retirement! I go to the food bank for most of my food. It has taken me 11+ years to save 120K for retirement. I have a Masters degree. As someone said below, Lenny needs to get ALL that debt paid off before he spends another cent on anything other than the basics. I finally have a new job making about 90K starting this fall and with my yearly expenses running around 10K, I plan to save most of it. Please Lenny, you are smart and I'm so happy you are getting a free masters through work. Save a lot AFTER you are debt free, get those retirement accounts started and buy yourself a house/condo or some land. Don't mess up your future by buying friends drinks, food, etc! I wish you the best and I know you can do it!! 🌻

@TomNook. 2 года назад

I get your point, but is saving like crazy to the detriment of quality of life, also just as bad? You've spent 60 years just saving, I do hope you have some good life memories and experiences as well.

@alp.9672 2 года назад

@@TomNook. Yea I never understand people like this, all they care about is saving and they remain single with no social life.

@AlexAlex-gj4jd 2 года назад

@@TomNook. That sounds like a horrible existence! My daughter just finished college, moved out and with Covid, there were a lot fewer things to do so I have been saving! I also have people my age who have pensions, spouses and higher paying jobs who are retiring and I don't have anything like that so that's why I'm working so hard at saving since I have had such a late start! Travel is my jam, but my job starts in a few weeks, so that is out other than a few local trips! I was just thinking since Lenny is making so much now, as others have said, get rid of the debt ASAP and then he can do anything he wants!!

@amanifields464 2 года назад

Philly native here!

@omni4733 2 года назад

This was tough to watch. I've never had this much desire to grab someone by the ear and sit them down, sheesh. *colossal facepalm*

@AllAboutPurple 2 года назад

If he’s not going to pay off his student loans aggressively he could at least pay more towards the credit cards. He’s accruing unnecessary interest. I hope he’s investing more. The student payment pause would’ve been his option to pay them off because there is no interest. 😭I wish I was making that much, I would cut my student loans to half in months, while also investing.

@Phlegethon 4 месяца назад

He’s 26 from a no name school making a lot of money just let him spend it how he wants he clearly knows what he’s doing