Living On $1.6 Million A Year In Los Angeles | Millennial Money

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Graham Stephan, 29, earns $1.6 million a year and lives in Los Angeles. A millionaire by 26, Graham’s income fluctuates between $60,000 and $221,000 per month depending on how much he earns from real estate commissions and ISpulse related-revenue. He also owns several rental properties in the Los Angeles area. Between his high income and budget-conscious nature (and 20 cent iced coffee), Graham saves nearly 99% of his income.
This is the latest installment of Millennial Money, which profiles people across the U.S. and details how they earn and spend their money.
Read more about Graham's budget breakdown here:
Graham Stephan pulls up to a high-end Hollywood Hills property in his matte black Tesla Model 3. It’s a four-bed, 2,300-square-foot home listed for $2.169 million by The Oppenheim Group, where Stephan has worked as a realtor since 2015.
He’s sold multiple properties like it - and every time he closes a deal, he collects a nice commission check.
As of September 2019, Stephan has earned $77,152 in real estate commissions on the five properties he’s sold so far this year. But that represents just a fraction of his income. While the 29-year-old millionaire got his start in real estate, he now earns most of his money making ISpulse videos.
Stephan, who was born and raised in Los Angeles, never dreamed he’d make his living as a ISpulser. He was earning good money as a realtor, a career he started at 18 after he didn’t get into college. He’d watched ISpulse videos for years - “it was my version of TV,” he tells CNBC Make It - but didn’t think he had the personality to be a creator himself. “It looked like such a fun thing to do and I’d always wanted to do it, but I also felt like, Who would want to watch me?”
About three years ago, he decided to film and upload a video. It was an explainer on how to be a successful real estate agent that he shot “selfie-style” on his iPhone.
“I remember that video getting nine or 10 views,” says Stephan, “and thinking, Oh my God, nine people somewhere have seen this video! So I started making more videos. Once I started doing about two videos a week, the growth really just exploded.”
Today, Stephan has close to 1.5 million subscribers across two channels. He earns an average of $90,684 a month on the platform and will bring in well over $1 million for 2019. His videos cover a range of topics, from how to build wealth as a teen to buying a Tesla “for free.” And he regularly posts reaction videos to CNBC Make It’s Millennial Money series, offering commentary on how the subjects could improve their finances.
This year will be the first time he’s earned seven figures in a calendar year, a milestone he’s been striving for since 2017. “Two years ago, I made a goal challenge video,” says Stephan. “My goal was to make $1 million in 2018.” He didn’t quite achieve it, but he surprised even himself by hitting it just a year later.
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Living On $1.6 Million A Year In Los Angeles | Millennial Money


  1. CNBC Make It.
    CNBC Make It.
    20 dögum síðan

    Today’s episode of Millennial Money features… wait for it… Graham Stephan. Subscribe to our channel, set a reminder, and come back at 12pm ET to watch.

    1. White Collar Mom
      White Collar Mom
      16 dögum síðan


    2. coco marineblu
      coco marineblu
      17 dögum síðan

      This was a business move for this CNBC channel the views here are so much higher

    3. Millennial Music Money
      Millennial Music Money
      18 dögum síðan

      @torny Maybe this is why you don't make his level of money...he had to save up to buy the properties, and making decisions like the coffee, but applied across his whole lifestyle allowed him to buy his first few properties...

    4. Ashley Amrine
      Ashley Amrine
      18 dögum síðan

      Living for this!

  2. ভাইসাব Bros
    ভাইসাব Bros
    8 klukkustundum síðan

    Dude make 80k a month from youtube 😱

  3. Swarthy One
    Swarthy One
    10 klukkustundum síðan

    Young hustler!! Please don't get married and save a woman from herself. Also don't give a woman a life jacket via getting her pregnant!!

  4. NaturallyNerdeeNicol
    15 klukkustundum síðan

    Yooo...I looked and said, man that guy looks like Graham. 😂😂😂😂 Then I looked to see if he was doing a parody of one of their segments...

  5. jazzip
    19 klukkustundum síðan

    Bwaha I swear he made a video cussing this channel and the people they had on. 😂😂😂

  6. Andrés Medina
    Andrés Medina
    Degi Síðan síðan

    he's really smart but like hella cheap too idk

  7. Dead Zone Gaming
    Dead Zone Gaming
    Degi Síðan síðan

    I'm rich, I make almost 2 million a year. Ope, gotta save every penny I don't have enough money to live. Gosh rich people frustrate me sometimes

  8. Sarah Kozak
    Sarah Kozak
    Degi Síðan síðan

    I'm curious about what his girlfriend does for work and her net worth.

  9. Andy
    Degi Síðan síðan

    Real Estate, got it!

  10. Jose Perez
    Jose Perez
    Degi Síðan síðan

    I could’ve followed his strategy but I thought it was boring ... I made my first million literally a year after him

  11. Berenice Munoz
    Berenice Munoz
    Degi Síðan síðan

    Wow, awesome!!!❤️

  12. Monica
    Degi Síðan síðan

    Aww the cheeseburger thing is so endearing.

  13. Meco
    Degi Síðan síðan

    I knew the Tesla video did well but I didn’t expect it to make THAT much revenue to cover one

  14. It is Fiya
    It is Fiya
    Degi Síðan síðan

    I'm glad he has good woman that don't use him! She's a keeper and marriage material!

  15. Midnight at Burnie's Drive-Up
    Midnight at Burnie's Drive-Up
    Degi Síðan síðan

    I love you Graham!!

  16. AS
    Degi Síðan síðan

    He sounds like a stingy rich man. Wouldn't be fun to be in a relationship with a man who doesn't value enough to give you at least quality ingredients or your own meal on a datelol

    1. Vibe
      Degi Síðan síðan

      :) Did you watch the video through? His wife also is really frugal.

  17. The Tipsy Cookery
    The Tipsy Cookery
    2 dögum síðan

    Amazing! Hard working and have excellent values!!

  18. SkylineToTheSeaAndMe
    2 dögum síðan

    $5100 a month, is not a "low monthly budget", especially when the mortgage is already paid for. He can do better :)

    1. Vibe
      Degi Síðan síðan

      His mortgage should't be there because its free because the tenants pay it and tax-write offs. But CNBC didnt really get it I guess.

  19. Chandan Pothuri
    Chandan Pothuri
    2 dögum síðan

    It’s a really good lifestyle apart from the sharing of meals

  20. Brittany Jones
    Brittany Jones
    2 dögum síðan

    This is hilarious

  21. Vepa Ashyrov
    Vepa Ashyrov
    2 dögum síðan

    $350 on food what you eating man ??!?

  22. Hussle Simmons
    Hussle Simmons
    2 dögum síðan

    How can you afford to live in LA on that ?

  23. aldralee
    2 dögum síðan

    I’ve not seen his show, but comments on other videos made him sound insufferable. (Graham’s gonna get mad! etc) But he seems like a charming, well-intentioned, smart guy! Gonna go check out his show.

  24. Ynashah J
    Ynashah J
    2 dögum síðan


  25. Kerry Fitzgibbon
    Kerry Fitzgibbon
    2 dögum síðan

    For Graham, I watched the ads

  26. Benedict Chabu
    Benedict Chabu
    2 dögum síðan

    Smart Guy #100

  27. dazzafication
    2 dögum síðan

    this is the best one yet, go graham!!

  28. Dulce Sueños
    Dulce Sueños
    2 dögum síðan

    Your awesome and don't be ashamed for eating some cheese burgers

  29. Lillian
    2 dögum síðan

    I almost didn’t click because I’m jealous. Now I’m glad I watched because I’m inspired. The difference I see from the eps I’ve watched is that he is financially savvy and will be secure should one thing go wrong. Some in the low 6 figure are dependent solely on that one source of income - a job. And we know jobs come and go. Many would be broke if laid off.

  30. Luigi Player 14
    Luigi Player 14
    2 dögum síðan

    The ultimate crossover.

  31. ballerknallerful
    3 dögum síðan

    How to create a diagram like this at 5:00?

  32. Bullets Are Flying
    Bullets Are Flying
    3 dögum síðan

    1 milion? Pfff...probably looking at 400k a year after those crazy liberal income taxes in California😂🤦🏾‍♂️

  33. Yamilet Tumse
    Yamilet Tumse
    3 dögum síðan

    Extreme cheapskates millionaire edition ....

  34. tommy d u b b s
    tommy d u b b s
    3 dögum síðan

    Bought it in cash? Like 200k? Daddy money

    1. Vibe
      Degi Síðan síðan

      @tommy d u b b s True. But his other properties have a loan with them. He saved up that money over the years working as a real estate agent.

    2. tommy d u b b s
      tommy d u b b s
      Degi Síðan síðan

      Vibe guy he said in cash....his money

    3. Vibe
      Degi Síðan síðan

      He had 1.2 gpa i think. Also not daddy money. Its bank money with a down payment.

  35. tommy d u b b s
    tommy d u b b s
    3 dögum síðan

    He doesn't look like someone who would do bad in school

  36. lmarck
    3 dögum síðan

    I love that you got Graham to eat avocado toast it was just too funny haha

  37. tommy d u b b s
    tommy d u b b s
    3 dögum síðan

    I don't think he makes that much...

  38. giraffe
    3 dögum síðan

    me: 20 years old and making -$800 a month

  39. Jesse Veal III
    Jesse Veal III
    3 dögum síðan

    Does he ever mention how he spends the remaining $128,000 of residual income?

    1. Vibe
      Degi Síðan síðan

      He saves it, and if he doesn't find a good property to buy at the end of the year he invests the money in bulk. I think

    3 dögum síðan

    220 dollars a month for gym membership...your getting ripped off buddy...becuz u look bent out of shape....200 dollars for groceries?? became a liar before 26 also...