Living On $26K A Year In Long Beach, CA | Millennial Money

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Tiara Simmons, 39, is a lawyer in Long Beach, California and earns roughly $26,000 a year between her job as a law clerk and her social media marketing side hustle. She lives in a one-bedroom apartment with her husband, 3-year-old and chihuahua. Simmons is a below-the-knee amputee and has been disabled for nearly her entire life, and she wants people to know that those with disabilities are "disabled, not lazy."
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.
Check out Tiara's website here: www.4wheeljd.com/
Produced by: Valentina Duarte
Managing Producer: Beatriz Bajuelos Castillo
Camera: Tristan Pelletier
Editor: Marisa Forziati
Animator: Elham Ataeiazar
Reporter: Kamaron McNair
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Living On $26K A Year In Long Beach, CA | Millennial Money

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16 окт 2024

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Комментарии : 1,3 тыс.

@CNBCMakeIt Год 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/3OxbJ71

@FranceGaulGallia Год назад

Are you sure they are not getting Aid from government 🤔 This money is way too less for the place to survive

@Jazzyjayyy Год назад

Please take this video down or turn off the comments. People don’t know how to act.

@mach1nefan Год назад

@@FranceGaulGallia even if she did it wouldn’t change the context of the video. her partner works too

@saulgoodman2018 Год назад

@@Jazzyjayyy Why turn it off?

@paulstandaert5709 Год назад

My "budget breakdown": Paid for college myself. I worked instead of borrowing money. Got a zero rate of return on the college education. Drove cars crappier than 99% of those reading this. I dumpster dive and shop on Craigslist. Inherited nothing financially. Bought a house at age 21. Never broke the $30,000/year mark until age 30. Don't drink, don't smoke, no tattoos, no piercings, old cellular phones, no streaming services. Paid the house off in 17.5 years. Never more than liability coverage on any car I ever had. I was cheap and bought only what I needed, and not what I wanted. It worked for me. Your mileage may vary. But ya gotta at least try before you say it won't work. Now, I can go to the store and literally get anything that I want and no credit card required.

@harmonizewithme Год назад

I’m pretty upset at the family member who didn’t put her 2.5mill in an investment account just for her to have a safe consistent income. 10% a year would have yielded her 250k salary to live on and she could have been set for life. That family member should be held accountable.

@joea6234 Год назад

she said she was spending it for almost a decade in california 2.5 million wont last forever she was living off that

@joea6234 Год назад

its true tho recently many youtubers where investing in crypto coins because it pays the most for views crypto commercials, so they all had invested money to make content and they all lost it one lost 100k in one day

@hydrogehtab Год назад

@@joea6234 you dont invest in crypto even stocks is gambling... You buy real estate. With 2.5mil you could get a big loan easily and buy an appartment complex, live in it and live an easy life

@SYDAirlineEnthusiast Год назад

She doesn’t have 2.5 million. If she did, then why would she need to work as an underpaid lawyer in the first place?

@SYDAirlineEnthusiast Год назад

@@joea6234 she never had 2.5 mil. She meant to say she spent around that much in total for her family, though with her income, it’s shocking. 2.5 million can still last you for like 20 years if you are not someone who burns money on useless crap.

@lowwastehighmelanin Год назад

Thank you for finally focusing on disabled folks and the cost of living for them. My sister is a disabled adult in California and we talk money often. She's doing a degree in cybersecurity but a lot of employers won't even look at her because she's in a chair...she can work from home.

@tiaralanice8633 Год назад

LWHM that is and was my situation. I look good on paper but, when they see me they question my ability to work...not my skills. Just my disability.

@Sorealj Год назад

Isn’t that against the law to discriminate if it doesn’t affect your job duties

@tiaralanice8633 Год назад

@@Sorealj It is, but there is always away around the law.

@saulgoodman2018 Год назад

That's illegal. She's going to be behind a desk anyway.

@way5718 Год назад

There is no disability persons quota in US? I mean, in many countries, employers have incentives to hire disabled people.

@Arenem88 Год назад

Hold the phone! She entrusted a FAMILY member with 2 million dollars and they just squandered it?? No way I would let that slide. That was probably the most costly mistake she will ever make.

@rickyayy Год назад

Never trust humanity's greed. Even with family. Huge mistake.

@mikep.473 5 месяцев назад

She was a kid like 2 years old the state trusted a family member well guardian with the money she had no control

@rebeccavl97 Год назад

This is the best story I have seen on this channel! She is such a strong, resilient woman who has undergone extreme circumstances. I truly wish her nothing but success and victory in life!

@Duane_514 Год назад

She had success and gave it to a family friend to manage!

@rebeccavl97 Год назад

@@Duane_514 she was scammed, hence why I am hoping she recovers soon!

@Duane_514 Год назад

@@rebeccavl97 she wasn’t scammed whatsoever! She clearly stated she allowed a friend to (who probably had zero financial management experience) to look after her money!

@rebeccavl97 Год назад

@@Duane_514 doesn’t matter really! I just wish her success in life going forward! I am done arguing with you…

@Duane_514 Год назад

@@rebeccavl97 you need to look up the definition of arguing dear then go enjoy your day.

@ill_will1338 Год назад

As a person living in Long Beach her story really hits home. Great effort she puts in.

@ThreeDogsTwoCatsAndAWife Год назад

Right? I’m in Long Beach, too. All the construction to fix the corners for ADA is worth it for her, and only her.

@chaole1000 Год назад

@@ThreeDogsTwoCatsAndAWife Not just for her, but for all all physically impaired users of the road.

@MargaretAnderson-ti1sw 3 месяца назад

How'd the film crew get the homeless off the streets while they made this documentary? I am too afraid to even go to down town Long Beach being confronted by aggressive homeless there.

@christenford3864 Год назад

Thank you for featuring an older millennial. It's nice to see someone closer to my age and what she is focused on. She is an inspiration and amazing.

@abolisher Год назад

And she found love ❤️

@Lelski Год назад

Millennials are the new Boomers

@mel9662 Год назад

@@Lelski and gen z is straight up looney!! They will be the bringers of the apocalypse!

@Lelski Год назад

@@mel9662 they will be boomers too in 20 years

@monet.t.t Год назад

@@Lelski no they won’t. boomers are specifically for the generation born after ww2, like my father. he will always be a boomer. and millennials will always be millennials because they were born before the new millennium. they won’t turn into boomers?😭

@cris_here Год назад

I'm so glad her loans were forgiven. It's a sticky situation given she's not allowed to make more money, but I am going to stay hopeful for her. She is truly a warrior.

@naomidga Год назад

Yes, the loans should be completely forgiven, period. It's like they want her to stay in poverty. How is that fair?

@leok7193 Год назад

@@naomidga Wha? So she borrowed 400k of someone else's money on an education that makes her nothing because she chooses to work 50 hours / MONTH? I work more than that in a week. Wow, yeah, she dug herself into a hole and it's "they" want her to stay in poverty. I can't summon up sympathy for someone who blew through 2.5 million + 400k in student loans on luxury living.

@tamaramadison7563 Год назад

I know pepole who are Disabled and they ate very Hardworking Pepole

@marksellinger3736 Год назад

@@leok7193 She cannot work more than 50 hours a month. If she does, then she will make more money than is permitted and the loan will be re-instated. Quite a system, huh. Live in poverty...OR ELSE!!!

@rich2583 Год назад

@Mark Sellinger or else pay the money back you willingly took out

@johnjohnson3390 Год назад

Finally a story that doesn't revolve around youtube influencers making millions

@Monkehrawrrr Год назад

This is a beautiful story and this person is an inspiration!

@AlannaMonet Год назад

Wow your so right!

@tommyjacobstein1529 Год назад

She had millions and lost it and racked up 400k in debt she is gaming to avoid paying sad this is what ppl do

@tlraymarketing Год назад

@@tommyjacobstein1529 If you listen closely, she says the FAMILY member lost it in investments. She was taking care of her debt until the FAMILY member screwed up

@saulgoodman2018 Год назад

@@tommyjacobstein1529 Sounds like the family stole the money.

@SophiaChristian-so2of Год назад

Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

@JenniferDrawbridge Год назад

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

@MarkFreeman-xi3rk Год назад

You are right! I’ve diversified my $450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

@cythiahan8455 Год назад

@@MarkFreeman-xi3rk Do you mind sharing info on the adviser who assisted you?

@MarkFreeman-xi3rk Год назад

Margaret Johnson Arndt, my financial advisor, is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field.

@AntonioBianh Год назад

thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply

@JenniferOpal Год назад

It's so messed up. She was robbed of the settlement money, she can't make more than what she's making now otherwise she'll be worse off because the student loans will then be added on. This is so messed up. Loved seeing her share this. It's so important to hear stories from people from all walks of life & their reality.

@ClarisNdoroRealEstate Год назад

I think she also said she used most of her money on the lovely apartment and traveling, and she was not working.

@saulgoodman2018 Год назад

But if she can work more, in the long run, she will be making more money.

@tiaralanice8633 Год назад

@@ClarisNdoroRealEstate No. I said I used SOME of the $ on travel. And trust me, I wasn't staying in 5 star resorts. nooope.

@organizedchaos4559 Год назад

I don’t know how she didn’t use the 2.5 million to pay off loans, that’s just crazy. If she did that she would be in a better spot at least. Also I’m surprised she doesn’t have disability payments like SSI or something.

@jmtoomer21 Год назад

@@tiaralanice8633you can also teach an online class at a school like snhu. They $1500 a 10 week class. It’s mostly just grading papers like 3 hrs a week. So many options u have to pull in extra and work the system so you can get all the things you want.

@BenShutUp Год назад

Thank you Millennial Money. This was so well done. And thank you Tiara for sharing about your life.

@irisxkae Год назад

I clicked so fast wanting to know how to survive on $26K in Cali… She is so resilient. Her story is so sad though - $2.5 million at 1 years old. All they had to do was invest in the SP500 in a trust! She’d be set, her kids and their kids too.

@magic_fruit_bat5003 Год назад

Most individuals don’t have that type of knowledge, and therefore get tangled in the mess that is seen in her story.

@dwaynebrown3463 Год назад

More information please

@organizedchaos4559 Год назад

I know right, 2.5 million dollars, that’s enough to live a modest life for the rest of your life.

@SuperDoctorprofessor Год назад

@@dwaynebrown3463road market investments like the SP500 have historic gains of 7-9% per year. Generally, inflation is around 2%, so 5-7% after inflation. This means if you invest some amount, you can expect to have the value of your investment go up by that amount each year, so you could sell part of the investment at the new higher value. There is something called the 4% Rule, which says you can safely with 4% of your investment per year due to the increased value without minimizing the core amount, theoretically indefinitely. At $2.5million, she could therefore have assumed a safe withdraw of around $100,000 per year of income without any real work.

@msf8297 Год назад

@@dwaynebrown3463 don't do these things on your own. ALWAYS hire a financial/investment advisor and a lawyer.

@poetchic Год назад

So grateful to see a real person. The transparency in her story is incredible and highlights that it shouldn’t be this difficult for people to try to make a difference in the world.

@saulgoodman2018 Год назад

Numbers don't add up.

@Kaygeedagee Год назад

@@saulgoodman2018 exactly. A lot of things she skimmed over.

@saulgoodman2018 Год назад

@@Kaygeedagee Or is it a lot of things CNBC edited out?

@maritesshoy317 Год назад

@@saulgoodman2018 - It’s all there but I rewatched. There’s a lot in this episode. Some stuff is easy to miss too as it’s onscreen text. The ‘transcript’ feature is handy. She’s making the right moves now despite the investment loss setback IMHO. Her attitude/outlook is inspiring. I hope things go better for her once the debt is discharged. Wacky the income limits of that program but she has to do it as $400k debt is no joke. Wish they’d mentioned how long she has to do that for.

@saulgoodman2018 Год назад

@@maritesshoy317 3 years for TDS. She should have started it before she graduated. That is still not a reason to live below poverty.

@aidenw207 Год назад

Trusting a family member with 2.5 million dollars was a huge mistake. You could have easily retired comfortably on that forever.

@cieltheeditor7922 Год назад

Not in California LMFAO

@aidenw207 Год назад

@@cieltheeditor7922 She is living in California off 26,000, 2.5 Million at 4% withdrawal is $100,000. She would have been retired forever. We all make mistakes, but hopefully someone else will read this and learn the lesson sooner.

@maritesshoy317 Год назад

It was likely less than 2.5 with legal fees & taxes but still a good amount left esp. if decently managed. She still had a house to sell, has a great attitude not embittered by the investment loss, & has a plan to get out from under the debt. 👍🏽

@tiffanycurtis4794 Год назад

What ever she did she should have never trusted someone else with 2 million and she living in expensive California by her own choice

@maritesshoy317 Год назад

@Pretty Subliminals - She mentions buying a house at 17. She sold it in 2022. The last bit was onscreen text so easy to miss it.

@lindawang5649 Год назад

Honestly I know she doesn’t want to work in Big Law, but she should just do it for 5 years. She can knock out her student loans so she no longer has to live in poverty, save up a down payment for a house, and set some money aside for her daughter. Then she could be a public defender!

@rsimmons1980 Год назад

Exactly, that is her only chance outside of working for the government for 10 years and having it discharged.

@SAnderson54 Год назад

I agree!

@electrogeek77 Год назад

It still doesn't work like that. Plus, if you're working in a field that you hate, you're never going to last that long anyway.

@kingjames80s Год назад

I was thinking the same thing

@lindawang5649 Год назад

@@electrogeek77 how does it not work like that. I don’t think she would hate her job since she probably has decent interest in law considering she went to law school. I would be willing to do any job that paid me 300k-500k each year if the alternative is living in poverty.

@cbase06 Год назад

This video really made me feel some type of way. How did $2.5 million just disappear? This woman is so motivated, ambitious, and intelligent and she was robbed of her life compensation and now dependent on social welfare. Never should this have ever happened. She really is stuck between a rock and a hard place. Bless her; she seems to be level headed and resilient.

@rich2583 Год назад

Lol she spent it all. She bought a house in NY that she eventually sold. Most likely at a loss.

@Immacu1ate Год назад

She is placing blame on everything else but herself. She bragged about all she could do with her money. She spent it. End of story.

@MargaretAnderson-ti1sw 3 месяца назад

SHE is not dependent on social welfare. The TAXPAYER is. She can work in a good corporate law office but that would re-instate $400,000 of student loan debt that she was given.

@countessstevens63 Год назад

Per usual, this was extremely eye opening. She truly is stuck between a rock and a hard place. Blessings to her and her family on their journey

@leok7193 Год назад

Except she stuck herself in there. Clearly she took out the 400k loan knowing she was never going to repay it and that to not pay it and keep access to other welfare programs, she would have to artificially keep her income low. That's also how she's working 50 hours a MONTH, whereas lawyers early in their careers usually work 60+ in a WEEK. She took a spot in her class that someone else could've had, that would've actually used that education and made it a career to move their life forward, instead of using it as a part-time gig while getting a bunch of other "free money."

@MargaretAnderson-ti1sw 3 месяца назад

SHE'S not stuck, the taxpayer is. Why go get law degrees to have a lucrative career and then not utilize it?

@YourChicGeek Год назад

Thank you for having the courage to share your story! Just blown away by her resilience and perseverance through everything thats happened to her.

@uwone7778 Год назад

"bad investment" aka, your family embezzled from you.

@Mari-rd6yt Год назад

Sounds like her husbands a bum, why is he working part time with a disabled wife and kid🤦🏽‍♂️

@Azeeeezy 4 месяца назад

Hello! Like she may not be lazy but her husband is 🙄

@draynorofscythe Год назад

Inspiring story. These are the kinds of videos that really make you grateful for everything that we've been given in life.

@msf8297 Год назад

What was inspiring?

@draynorofscythe Год назад

@@msf8297She cannot walk and has not let that stop from becoming a lawyer and having a career. She manages to live on $26k a year in CA while having a child. She at one point had 2.5 mil and lost it all and yet continues to work hard and keep a positive outlook. The list goes on....need I say more?

@deprivome938 Год назад

@@msf8297 what are you doing inspiring with your life may I ask?

@beatricerights Год назад

@@msf8297 Her positive outlook is inspiring. Despite all the heartaches and tragedies in her life she has persevered. We have all made bad mistakes and trust those we should not.

@jessehahm3177 Год назад

It's nice to know there are still good people in the world. All the best to her and her family.

@cathyc8461 Год назад

What a kind comment 💞

@singinwithceline Год назад

As a disabled woman, it’s so encouraging to see another disabled woman who’s successfully moved across the country and living in California. I need to move there. The cold weather in Indiana does me in on a regular basis here.

@MargaretAnderson-ti1sw 3 месяца назад

We are inundated with homeless and undocumented people in California and Long Beach. I'd lke to know where they moved them out as they filmed this documentary. California has over 50% of all the undocumented in the country because it is a sanctury state. $24 BILLION of taxpayer money has been slated for the homeless, and the numbers are increasing, not going down. $1,000,000,000 is not even accounted for and is putting an audit into action to find where it went. This woman decided to leave NY to come live in the sun and is now costing the taxpayer, she is not contributing to it even though she has law degrees costing $400,000 that she doesn't want to pay herself.

@vernonscloset Год назад

My advice would be to pay the minimum on those loans so you can maximize your income potential. The thought process of staying at or below the poverty line, just to avoid paying student loans, in my opinion, is crazy!

@ExNihilo634 Год назад

It’s not forever. She said there’s a time period which her income needs to be below a certain amount. She is an intelligent woman, she’s worked out that this is the most strategic way to go in order to have the loans forgiven and have a blank slate in a few years time.

@debbiemarlow4027 Год назад

I agree crazy. Stay in poverty so you don’t pay loans

@FinancialShinanigan Год назад

Big yikes, reminds me of "I will never gonna financially recover from this" from Tiger King 1. Loses $2.5 million settlement on a bad investment 2. Spends $250 a month on Uber because they can't buy a car 3. Spending $800 a month on food 4. Has $400,000 in student loans that will be forgiven but needs to be at or below poverty line 5. Want to be a lawyer but can't up her salary due to point #4

@EllaBelle18 Год назад

not to mention why is husband working part time, why does she work 50 hours a month, and where did the money from the house sale go

@MoistHoleSenpai Год назад

@@EllaBelle18 If she isn't below the poverty line until her financial investigation or whatever is over she's not qualified to have her loan forgiven

@smellybut33 Год назад

He probably works part time to take care of their child, while she is at work. And I mean if he works in place that bus doesn't have good hours then that's what he has to do

@wallaceferre6198 Год назад

exactly shes playing the system just to get her 400k loans forgiven, sad but common with these types

@tlraymarketing Год назад

@@EllaBelle18 Child care. The interview clearly answers that questions. Child care. I am also guessing the 50hrs a month has a lot to do with...disability.

@itsnotaboutyou Год назад

I loved her message in the end! Sending her and her family all the positive vibes. Wow, I’m also totally inspired after thinking about how far she had come from when she was an infant and being a ward of the court.

@ARS757 Год назад

$806 on food every month and you are getting SNAP too. I think that expense could be cut in half and then your husband can save to get a car.

@AmethystSnow Год назад

Disabled not lazy! As someone with MS, i truly appreciate that.

@calibby85 Год назад

Thank you for sharing her story. I love seeing how different people live, especially those who aren't rich and don't engage in hustle culture. Also refreshing to see someone who is disabled and seehow they navigate life in a world that isn't designed for them. Most ppl have no idea that disabled ppl must remain below a certain income to receive crucial benefits.

@MsMaureen1975 Год назад

I had a legally blind co-worker who went from part-time to full-time and lost most of her disability related benefits, even though she still had a relatively low salary. She tried to better herself and ended up losing. It's a bad system.

@ggoodvibes23 Год назад

Marrying a broke man and having a child made her situation even worse...

@Sandra8675SecondLife Год назад

What happened to the house Tiara said she purchased with the settlement money? And what exactly happened to that money from the house? Why did Tiara start living in a 'luxury apartment' if she had a house she purchased? Who was in charge of the settlement money? What bad investment? Who was the bad investment with, for how much and with whose authority? These things were skipped over in a video that seems to be trying to focus on Tiaras financial status. Yet what happened to the 2.5 million details is being swept to the side.

@cherishisgrace Год назад

I’m so confused as well, I guess I’m trying to figure where was the settlement the family won kept for all those years before she found out about it

@Sandra8675SecondLife Год назад

@@cherishisgrace Right... At first I thought the video was insinuating the family blew the money. Yet it seems Tiara did get it. I feel this may be one of the many videos based on little fact and its more about pumping out content as quickly as possible while leaving major details out so no one can say there were any 'lies' about the information provided. Shows where we are when it comes to 'journalism' these days. Sad

@budasfeet Год назад

6:41 says sold in 2022, probably increased a lot of values

@danielle6470 Год назад

I agree, she isn't telling The Whole Truth & Nothing but The Truth...

@adc2327 Год назад

Why can't her husband work full time? The money they spent on Ubers could have purchased a car. I guess she wants to live poor to keep from paying back student loans.

@normalgirlcvco Год назад

I didn't understand certain things. She had 2 millions and bought an apartment in a fancy building but at the same time she paid rent two months in advance? Also, she had a house in New York that she sold but couldnt buy a house in California yet?

@Erin-rg3dw Год назад

I think the timeline got a little messed up - I think she bought the house in NY at 17, and then moved to CA where she rented the nice apartment. Then it was there that she found out about the money disappearing. After the money was gone, they sold the NY last house last year.

@FaithandNova Год назад

@@Erin-rg3dwso where's the house money? That part of the story isn't adding up

@Erin-rg3dw Год назад

@@FaithandNova Not sure. I'd presume she would have made money in the sale, but it's possible she lost money or just broke even after fees, taxes, etc.

@ogo316 Год назад

This makes no sense what happened to the revenue from the house she sold?

@davidcantor293 Год назад

Well, in 2012-2014 homes were at their lowest. It may have been a loss depending on when she sold it.

@BeautifullyZen Год назад

I believe the video said she sold it in 2022

@saulgoodman2018 Год назад

@@davidcantor293 It was still NY.

@simitometi6219 Год назад

Well, that’s what I didn’t understand as well. She mentioned paying rent when she was talking about her house, not a mortgage

@aped Год назад

Crazy that she was able to get $400k in student loans. Sorry I thought this would be inspiring, but the more this went on I got angrier.

@NicksDynasty Год назад

But now she is stuck in poverty or the loans will come back. That's wild

@puddincup9879 Год назад

So you’re mad a woman with no legs got her loans discharged? Tf is wrong with you?

@leklekjasmine416 Год назад

Im so sorry but a whole abled bodied man who cant get a car??? She has such a hustlers spirit!!! Why not him

@MargaretAnderson-ti1sw 3 месяца назад

They don't want to make very much tmoney to stay below the income she would have to repay the $400,000 student loans which were taxpayer forgiven. I'm sure she realizes that a public defender in Long Beach starts at $79,999 annually.

@dragonlover2085 Год назад

Tiara is a strong, intelligent and very beautiful young woman. She never let distruct herself and this leads her to success. She is a role model in my opinion.

@LA-cm9ly Год назад

What a lovely person. I do hope she makes it big. God bless her.

@cjo4210 Год назад

Her ABLE BODIED husband works part-time? He cant get a full time job? Smh

@Gabriela.H Год назад

My heart goes out to this woman but I wish she would get a mentor or financial advisor. She has made some terrible decisions and the first one was moving from one expensive city to another. Secondly, she has 4 college degrees and chooses to remain poor due to a loan she could easily just pay the minimum on for 10 years and then get it dismissed? She could be making bank as a lawyer right now. Not to mention trusting the family member with 2.5 mil. Rule #1 about finances, do not trust family or friends with handling large amounts of money like that (unless they are a financial professional) but even then, just no. Seek counsel from a credible financial professional and store your money away. This is what happens when people are not financially literate or leverage their potential. Sis if you’re reading this, please do not raise your child in poverty when you dont need to! Break the cycle! Get you a nice paying job, move to a cheaper city with no state taxes, and when that loan hits, just pay the monthly minimum. Use some of the rest of your income to invest. Seek out a mentor and teach your son valuable money lessons and break that generational curse of poverty. ❤

@Jazzyjayyy Год назад

Oh shut up becky….

@Gabriela.H Год назад

@@Jazzyjayyy becky? 😂 girl Im DOMINICAN. Please go somewhere else with your ignorance. My mother was an immigrant single mother who didnt even speak English and I grew up in poverty myself. So YES, when I see another person of color staying in the poverty mindset, I will ALWAYS encourage them to do better. Your mentality is a prime example as to why people remain stuck instead of growing.

@jynaemiller1170 Год назад

#GoodAdvice👏👏👏

@rickyayy Год назад

Amen

@yvonnea2915 Год назад

Very good points ! Move to NY to California? Not smart at all smh. It seems like she's comfortable being stuck. So many excuses. No hussle at all. Then she marries a man without no ambition to want to be better not for just them but their child.

@anyhootyepo654 Год назад

It does bother me that her money was taken! I wish that there were ways to seek justice for what was prematurely taken from her. I wish you and your family the very best! God bless in your endeavors to become a public defender. Your honesty is above board.

@Prosperity85 Год назад

Considering she a lawyer I thought she would have gotten justice for that situation.

@17napps38 Год назад

$806 on food? And they're talking about budgeting? Get outta here lol

@MarcelandrieW Год назад

Wow this was so inspiring. I love how passionate she is about serving her community and I feel like she's going to make a huge impact on her client's lives in the future.

@mike48084 Год назад

Not really. How is being financially irresponsible inspiring?

@guyfawkes9252 Год назад

Corrigan id hate for you or any of your family to receive the fate and endure the same adversities. When you speak negatively of others it comes back to bite.

@mike48084 Год назад

@@guyfawkes9252 not speaking negatively of her. I just don’t find anything she is doing inspiring at least from a financial sense, which is the whole point of these videos

@MichaelRosenzweig-cr6xr Год назад

CNBC has really been making excellent mini documentaries lately, from all kinds of topics, and this is a really wonderful video as well. I wish her the very best for her and her family. Long Beach really is an excellent place to live as well.

@MargaretAnderson-ti1sw 3 месяца назад

If you dodge the homeless in the downtown area. She keeps her family in 'poverty' on food stamps with savings so she doesn't have to pay her $400,000 student loan debt, but LOng Beach is opening whole buildings renovated for the homeless at a cost of $600,000 per unit that taxpayers need to pay for. Therefore, she doesn't pay for herself, and she doesn't need to pay for THEM.

@thearaitjusticeshow6303 Год назад

I appreciate her resiliency but... What happened to the money she got from selling her house in New York? Also why not just rent the house out? In New York she could have had tenants in there paying 4K-7K a month during her college years. I hate the situation that she is in but it seems like it was avoidable.

@clairesweet1 Год назад

Honestly, nothing makes sense in this video. Renting is a great idea and if not, selling her house in New York she could have paid off all or most of her student loan debt and be able to get out of HAVING to live under the poverty line.

@biscaynesupercars Год назад

I really want to know if that money was gone due to bad investments or was it straight up stolen or squandered by her family member

@lucerocastaneda9497 Год назад

I mean, it kinda sounds like she did spend 400k on her degree

@ClarisNdoroRealEstate Год назад

She spends $400k on the degree that she doesn't use. 😯

@rashidamichelle Год назад

@@ClarisNdoroRealEstate sounds like you need to re-watch the video. She didn't say that

@biscaynesupercars Год назад

@@ClarisNdoroRealEstate doubt she spent that much and even if she did I believe she said it was 2.5 million so there would still be over 2 million left

@rsimmons1980 Год назад

A family member probably squandered. She seems bad with money. You don't just lose $2.5 million and not know how you lost it. Then she racks up $400,000 in educational debt. I have a law degree and it did not come close to $400k even taking undergraduate loans in consideration.

@carlosdeleon6472 Год назад

Her story is so admirable! It’s makes no scenes how her students loans were forgiven under the conditions of her staying in poverty, while trying to better her life. She’s pretty much being forced into poverty despite her disabilities and trying to better her life.

@javianjohnson8746 Год назад

Very transparent and real story from this woman. Hope the best for her and her family

@jewelsjkm Год назад

She seems like such a sweet person. Praying she gets her success and financial stability. ❤

@puddincup9879 Год назад

She’s amazing. I wish her husband matched her energy. Sorry, I had to call it.

@biggerthanhiphop7641 Год назад

They didn't interview her husband ..u must be miserable

@saulgoodman2018 Год назад

She's making 22k. So he's only making 4k. So basically he's making no money. It cost almost the same in Uber, as he is making. This guy needs to man up, and get another job.

@xbi4147 Год назад

I guess they will need to pay the 400k debt in that case.🤣Why bother to work if you can make 400k by staying at home and taking care of the family.

@saulgoodman2018 Год назад

@@xbi4147 In the long run, she will make more.

@MovieJustin Год назад

Wonderful piece. I left Long Beach for Dallas in 2018 and its been a great decision. Peace and blessings Tiara. Something tells me things are going to change.

@tysone1254 Год назад

2.5 million could have invested in a fixed income asset and never have to work a day in her life but instead she trusted someone else with the money what a shame.

@msf8297 Год назад

So what do you want her to do with this information?

@tysone1254 Год назад

@@msf8297 with what information?

@xtinabay Год назад

Is this a joke? I was sympathetic until the budget was unveiled. $800+ on food a month and you're still on SNAP? Husband Ubers to a part-time job that probably pays close to min wage? Why can't you find a part-time job closer? $400,000 in student loans discharged, but NEEDS to live below poverty line. Turns her nose up at "Big Law", but can't work because of the loan issue. This woman was dealt a bad hand, but she's also made every bad decision under the sun and tries to rationalize her choices and behavior.

@lorrainea.285 Год назад

Yep!!! EVERY BAD DECISION under the sun, & even that’s an understatement!!! She is a MESS!!!! Both of them!!!’

@constancelequesne601 Год назад

She also owned a house in NY and sold it…

@quaithom3138 Год назад

She is disabled, so she's entitled to SNAP. And i don''t believe she asked for your advice. Don't we all rationalize our choices and behavior? Not all of us are perfect like you, Alexis Le.e.

@mike48084 Год назад

@@quaithom3138 Not all disabled ppl qualify for SNAP.

@mike48084 Год назад

This is exactly what I was thinking and perfectly summarized.

@tracycaldwell1736 Год назад

Loved the transparency of her story. Maybe now some will stop saying those of us on lower incomes aren't managing our money well or that we need to stop drinking Starbucks every day. Starbucks is a rarity for me. It's deeper than just telling folks to save money, when things cost so much.

@ceustis2004 Год назад

Right? Some people will never get it, though. When I was struggling, I didn't drink coffee, never went to movies or on vacation, cooked ALL of my food at home, and trimmed out every cost apart from rent, gas and utilities, and food (sometimes taking instant ramen from the break room at work so I could eat on the weekend). I had barely $25 left over at the end of the month. You can't save when the cost of the basics eats everything. There's no way to cut out avocado toast when you can't afford avocados in the first place.

@CarlosG2288 Год назад

She got 2.5 million dollars AND still racked up $400,000 in student debt. Pretty sure she mismanaged that money or allowed someone else to mismanage it.

@holdupnow2326 Год назад

@@CarlosG2288 she said a family member said the settlement was gone. If I'm being raised by the state I would never trust my family members.

@cmac3764 Год назад

I’m so hurt for her, that a large portion of the settlement wasn’t put in a trust given her age plus disabilities.

@General8675 Год назад

@@CarlosG2288 That is the truth here, She never was taught/learned that she could have a reasonable standard of living and that she needed to control her spending. 2.5 mil seems like a crazy amount of money, but it really isn't if you are trying to make it stretch over a lifetime. You can live a comfortable middle class life, but a really nice one in long beach? while getting every degree under the sun? sorry, it ain't gonna happen.

@dfkgjdflkg Год назад

I am impressed with her attitude and perseverance. An example for all of us

@leok7193 Год назад

I don't need an example on how to get by working 50 hours a month after blowing through almost 3 million of money I never worked for. Pretty easy to figure that out on your own.

@Olav3D Год назад

If she had basic financial education she could easily be living off that $2.5M for the rest of her life using real-estate or an index fund.

@OpinionisnotFact Год назад

...she was scammed. education doesn't save you from bad actors.

@tiaralanice8633 Год назад

Yes, basic financial education as an infant. I really should have thought of that.

@Olav3D Год назад

@@tiaralanice8633 Nah, the money seems to be scammed away in her adulthood, hence how she bought a house

@tiaralanice8633 Год назад

@@Olav3D I am the woman in the video. The $$ was fine untl that specific family member began "managing" it. But yes, in my adulthood. And they weren't "managing" it because I thought they would be great at it, it was more like "Wow, if I don't let them then I might be on my own at barely 21 not knowing how to do ABC. I don't have a choice"

@Olav3D Год назад

@@tiaralanice8633 Yes, and if schools teached basic personal finance this would not happen, I am not blaming you,

@CharmingAthens Год назад

After watching this the title is misleading. She is making 26k a year but also pulling SNAP, disability and had 400k in student debt wiped out and sold a house. She can't use the degrees because she will have to pay back her student loan. In a nutshell she will live off the system the rest of her life.

@enochia Год назад

I'm sorry but this is a bad story, 2 adults and a baby don't need $800 a month for food and the dad working only part time when he has a disabled wife and young child is laughable

@fancyflower3298 Год назад

Something about her story doesn't add up. What happened to the home she sold in NYC? Why owe student debt when you had your settlement money? You're family is struggling but you refuse to take on work that would help them out of poverty? Am I missing something?

@myimperfectdiary890 Год назад

I love her honesty and realness. This more real life for maybe most of us

@Prosecute-fauci Год назад

26K with subsidized housing, food stamps, free medical, subsidized utility bills, is actually pretty easy.

@michaeledwards8609 Год назад

Nice work CNBC Make It for finding a truly inspirational person and making a great video!

@MsCleo-nl6de Год назад

What a story! I love her attitude; truly inspiring!

@monbx90x Год назад

OMG, $2.5 million in the S&P500 for 39 years with a compounded yearly return of 5% & no other deposits would be over $15+ million today.

@rickyayy Год назад

She would have been set for generations

@monbx90x Год назад

Literally generations and it would've kept compounding.

@joyaustin6581 Год назад

A cds would have even been a safe bet. They were paying 5-9% back then

@loveandjoy810 Год назад

Oh no. She bought the lie of being the noble poor. I wouldn’t be satisfied living on the edge like this. I would work for that big firms to get myself comfortable and THEN donate time and energy helping people who couldn’t afford a lawyer. You have to put on your own oxygen mask first. For real.

@goraidersndodgers Год назад

You think she should ruin poor people's lives as a corporate lawyer, then help poor people after? What exactly do you think corporate lawyers do? Nothing wrong with her having morals.

@tiaralanice8633 Год назад

Big Law won't hire me. I tried.

@saulgoodman2018 Год назад

@@tiaralanice8633 Need more experience. Start with little firms first. I would hire you. But they took all my money. And I'm in jail.

@loveandjoy810 Год назад

@@tiaralanice8633 I’m sorry about that. I guess I thought that you hadn’t applied for the big firms. In that case start where you are and do what you can with what you have.

@bernsfindsandmore7636 Год назад

I know I will get a lot of push back on this but as a former Manager and remote work advocate, individuals like her and her husband would be able to get great positions that required few or no visits to an office and still make enough money to survive. I am using this as a great example of why these so called "old mentality" management need to start changing the way businesses operate. Either way, it is great that people like Simmon still hustle and don't have excuses even though more than half her body is gone. Kudos to her and for still pushing it even in the face of adversity. It totally sucks that she lost all that money but I think everything happens for a reason and teaches us a lesson and makes us stronger.

@kimberlymbutler Год назад

Thank you for sharing this story. Best wishes to Tiara and her family, and for her law career goals. That Loans Inspection Period is a tough one. I really appreciated the insights into people's lives that I gained from this video.

@friedrice4015 Год назад

How long is the inspection period?

@lauriedettelback1179 Год назад

I love this story! I am also in a wheelchair and I worked for many years doing estate planning law so I know things can happen! I have faced prejudices in court rooms and in work rooms and everywhere else you can possibly think of when you are employed. I also faced problems every day with stores and other things that are not accessible easily to me but you make do and you push through. Much luck and love to this young lady and build your associations. I live down in Huntington Beach not too far from you and a bunch of us in chairs get together down here playing cards, etc. at my house! We share our stories and it’s great to hear what other people are doing when facing some of the same things I am facing.

@camillecali22 Год назад

Great story. Just to hear " not lazy just disabled" Thank you I didnt become disabled until in my 40's. Eventually my boss fired me because I couldnt work 70 hours a week. Then with my body spasming I look freaky so no one would hire me. I survived until recently I could retire. I am living in $1600 a month. I dont get snap or other benefits but I do get free food from the senior ctr and other food pantries. I didnt turn the heater on this winter nir the ac last summer. I get free stuff from my buy nothing page. I try to spend nothing. I dont go out unless it is for free stuff. I survive

@lunab.1136 Год назад

As a woman of color living with cerebral palsy that also emancipated from the foster care system even though I’m not sure that this person had actually been in foster care versus a group home situation this story really Gives me such a sensation of shared marginality in regards to disability

@LinzyLinz7 Год назад

Girl you have so much potential to change your circumstances!!! Consider this: Use your lawyer degree to get a six figure lawyer job and make bank for a few years so u can: 1. Pay pack the loans. ($400k is scary but is doable on a lawyer salary!) 2. Bring your family out of poverty And then after the loans are paid off, go for the public defender job! Don't let the govt keep u in poverty limbo in California of all places! You can do this and still get your dream job! It may take a little longer but it will be WORTH IT ♥️

@rsimmons1980 Год назад

$400,00 is only doable if she lands a big law job paying $200,000, which she said she does not want to do. Otherwise she would have to work for the government for 10 years and have her loans foregiven.

@LinzyLinz7 Год назад

@@rsimmons1980 I know! That's why I said to consider it. We all have to do things we don't want to do sometimes to dig ourselves out of the hole or mess we're in. She can continue to ride out the 10 years, but if it's an overwhelming burden for her staying in those circumstances she's in for her family than again I would urge her to reconsider her stance. But hey, if she's ok and doesn't feel overwhelmed by it than by all means sure, ride out those 10 years.

@misjuiceefroot Год назад

I am lawyer. I graduated with honors and passed the CA bar on my first try. If you don’t come from a top tier or Ivy League school or have family or friends in high places, you don’t get 6 figure offers. It’s a lot of work and sometimes decades before you actually reap the reward. It’s wonderful that you are encouraging her and offering her advice but those in the legal community know that it’s easier said than done.

@rsimmons1980 Год назад

@@misjuiceefroot This is totally untrue. You might need top grades and top 50 school to land big law or top 10 school to land big law NYC, but you can make $100,000 3 years out of law school. There is insurance defense, government, and other opportunities.

@misjuiceefroot Год назад

@@rsimmons1980 No, it’s not “totally untrue.” I experienced it myself. Top of my class, honored at graduation, full ride scholarship for 2/3 years in school, internships and externships with LADA office, deans fellow, witkin awarded, President of an org on campus, passed the bar on my first try…. it was very hard to find legal employment for me. And even if she does, the cost of living exceeds 100k in CA easily…especially if you have children. To add student loans, which don’t account for living expenses when determining your monthly repayment, is extremely burdensome. So, maybe that wasn’t your experience. Congratulations. But, you can’t discount or deny my experience and the experiences of many other lawyers I know.

@vulpixelful Год назад

What an inspiring story! Her best option for getting a house is to be a public defender that can qualify for PSLF, make low payments for 10 years, then get the loans unconditionally discharged.

@chickenfarmer209 Год назад

so she racked up 400k in student loans and now refuses to pay even though she was ALREADY disabled. I don't have any sympathy

@Kay-12345 Год назад

You are a true blessing! I needed to see your story. Wishing you the best for your future in law. Your determination was inspiring to me 🙏❤️

@peni1641 Год назад

LOL, Tiara is running game yet everyone is looking at her like 'oh poor disabled woman'. She moved to Ca from NY for better soical benefits. Because of ther disablity she get disability pay & food stamps & metro card. B/c she chooses to stay at 26,000/yr she also gets Section 8 housing and she get loan forgiviness. She is trying to get ppl to pitty her even after she sold her house in NY. Tiara has the money from this sale to live well, but she'll lose her all of her benefits.

@lavy1513 Год назад

NO NO NO, where is the money!! She needs to investigate and get her funds!! But isn't nice that she has a positive spirit.

@michelewilliams2920 Год назад

So many red flags in this story but I’m just going to keep quiet

@constancelequesne601 Год назад

Right?

@ogo316 Год назад

@@markthorntonsailsthroughli4976 if the system for taking on personal debts for colleges is unfair and rigged by financial institutions, then how is she gaming it? and who are these usual suspects you mention of?

@drewskiv686 Год назад

How is she gaming the system? I don’t see her living in the lap of luxury unless I’m missing something

@markthorntonsailsthroughli4976 Год назад

@@drewskiv686 why does she deserve luxury, she said she has to keep her income below poverty level to erase the 400k student loans

@markthorntonsailsthroughli4976 Год назад

@@ogo316 did she even pass the bar exam

@Are427 Год назад

For a woman in a wheelchair and a 3 year old the husband really needs to step it up

@reddffox Год назад

Rooting for you, Tiara! I had a (much smaller) annuity settlement, too, due to a car crash that caused my mom to go into early labor. It helped me get a public, state-school bachelor's degree all but debt free and covered a $30k down payment for a house in my mid-20s. Now that I've finally found a stable career I enjoy, the last remaining annuity payments I have (it dries up in August when I turn 30) have allowed me to build a 6-month emergency fund. I always say that the best thing that ever happened to me was that I almost died when I was a baby. Honestly, I have no idea where I'd be financially if fate hadn't landed that way. It's wild.

@G00dlife00 Год назад

You can almost feel her positivity and strength through the video. Props to her!

@MrPowerpen Год назад

This didn’t make any sense until she said she is poor on purpose to get 400k for free from the government

@bobbymatousek Год назад

Might be easier if her husband worked a full time job…

@MargaretAnderson-ti1sw 3 месяца назад

That's the last thing they want. Then they would earn too much, and she'd have to repay her $400,000 student loan debt. To them it is better to be on food stamps and have no savings than to pay a debt they incurred like many others.

@lourdesassal6441 Год назад

Bless her. She is so positive with all the difficulties she has. A lesson for us all.

@BlairinBelgrade Год назад

Interesting story. Though I'm curious what does her husband do for work? Why is he only working part time? It appears the burden is on her to support the family....I find it peculiar that her spouse is not going the extra mile to not bring extra income so they don't have to be on SNAP... In addition, it's great she wants to be a public defender but spending a few years working in corporate can give her family the financial means to live a better life, then afterwards return to being a public defender.

@MargaretAnderson-ti1sw 3 месяца назад

She doesn't want to make a big salary since that would re-instate her $400,000 student loan debt which was paid off by the taxpayer .

@alakazam9636 Год назад

Why isn’t her husband helping her out more??? He’s taking advantage of her

@Hedgeflexlfz Год назад

Wtf? This makes no sense

@oco987 Год назад

This is a really important story. Thanks for sharing

@juhiemodi2664 Год назад

I'm 2 minutes in, and this is already one of the most educating videos on Millennial Money I've seen.

@SZJA Год назад

"I wasn't raised to think of myself as disabled" then goes on to say "it's not because we're lazy, it's because we're disabled" lol why be a hypocrite and victimize yourself at the same time. I understand you can't do what able bodied folks can do but the mind is the most powerful thing. It's all an idea and action that's gets anyone through.

@mst-pierrem5729 Год назад

I related so much "disabled not lazy"! Congratulations sister !

@bornaries7213 Год назад

What is her husband disability?! It always seems these males want to only work part time when he has more strength than her to be able to make more money to get them out of debt! If she wasn't tethered to him and a child, she could do more! They will be struggling and making excuses until her husband drive and ambition kicks in!

@dwichiesa Год назад

$2.5 million gone due to bad investment is crazy. Someone gotta be liable for that. Even taking a conservative 4% yield with little to no risk, you would have had a comfortable $100K income per year doing nothing

@Bigiron429 Год назад

Husband needs to step up and get a better job/go to school

@BusinessPhilosopher Год назад

Some people are really lucky to have LOVING PARENTS like Atty. Tiara Simmons who gave her a solid foundation for great self-esteem.

@chayomalive Год назад

She could have went to school to be a journalist etc. The truth is there are not alot of career options for her. However she still willingly made the decision to take out $400k in student loans, knowing that it will be difficult for someone with her disability to pay it off

@TheeEmpressJuicE Год назад

I live on $13k in Bay Area, CA. Being disabled means living in poverty for most, it’s sad. If I didn’t have housing voucher, I’d be homeless. I consider to be very lucky bc it’s hard to come by. I live in 2br house, its nice but not in the greatest neighborhood, but not the worst. Thats one thing i hate about section 8, its hard to find housing in the better neighborhoods. I wish to work, but even if you try they take away your money so if you can’t continue you’re screwed.