Name: How YouTuber Graham Stephan Lives in LA on $1.6M a Year | Glamour
Uploaded: 2020-03-31T02:15:26.000Z
Duration: 12 min 19 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Gerund

I'm a real estate agent investor and YouTube or living in Los Angeles, making 1.6 million per year.

I have $0 in credit card debt, $0 in student loans, 1.8 million and savings and just over $4 million in real estate investments.

I spent $585,000 on this duplex, and then I spent another $80,000 remodeling.

My mortgage is just over $2800 a month, and my utilities are about $110 a month light shows to buy and live in a duplex because I really wanted to save the extra money and at least have some other rental income coming in to subsidize my cost of living.

And this place took me about six months to find.

But when it came on the market, it was a really good deal, and I knew I could rent out the other unit to basically pay for my mortgage and most my property taxes and that way that would allow me to essentially live here completely.

My parents did not have any sort of abundance of money or anything like that, and I definitely saw how hard they worked.

And a lot of times it really was paycheck to paycheck.

So I think seeing that really forced me to go in almost an extreme in terms of saving and investing and really making that a priority.

So I would never have to worry about money.

Even as a young kid, I would always just be obsessed about saving everything I could get.

And even from birthdays and Christmases haven't envelope with just all my like, $20 bills in there, and I get really excited when I would hit like, $100.

I actually got more enjoyment, I think, from saving than I did from spending.

So I became a millionaire by working as a real estate agent, originally had planned to go to college, but when I didn't get into college, I was basically screwed.

I figured I needed to do something and get some work experience for a year before I reapply to colleges, I got my real estate license, ended up really loving the career and Then, after I sold my first house, I was like, I'm never going to college after this.

So I've chosen to focus, really on the luxury high end market here in Los Angeles, I would say my average price points is somewhere between two and $3 million but the most expensive home I've sold is about seven million.

My name is Graham Stephan, and it's mostly about personal finance and investing and how to invest in real estate.

My each of income various month to month that usually it's anywhere between 150,000 month and $250,000.

For the most part, this is really decorative.

If I have any friends over, none of us are really hanging out in this room.

It's mainly meant for just like looking aesthetically kinda nice.

These were the pillows that actually came with the couch.

Looks a little too patriotic, red, white and blue.

So these two chairs I originally found on Wayfair.

But then what I did to save money is they did a reverse image search on Google.

And I found the exact same chairs from another company for half the cost.

So in terms of furnishing my place, I was able to get the majority of it at wholesale cost.

So really only cost me about 30% of what it would if I bought it at retail.

The other thing I found is that you could shop online and usually find the exact same item in products somewhere else for a lot cheaper.

Lot of furniture is sold via drop shipping so that people mark up the cost and they make a lot of profit from it.

But if you just do a reverse image search on Google of the item, you want to get almost always you could find it somewhere else for a significantly cheaper.

If I didn't get it wholesale, this was actually given to me by a subscriber.

Saltman, Your Lamborghini is right there that you ended up sending they do end up getting sent, some things from subscribers will find out my work address and then send me things like a lot of letters or sometimes gift cards to Starbucks is a popular one.

And then, of course, without further ado, you have probably my most prized possession.

This is an autographed picture from Keenan and Count.

I think it's some sort of like replica Ray gun.

Someone's gonna comment down below and tell me what this is a replica from.

But my inner child came out when I saw this, and it's like you got, You got to get this.

So a period, my three YouTube subscriber play buttons.

The gold one is for hitting a 1,000,000 then the two silver ones are for hitting 100,000.

Then I have a candle here and a few people may have seen my video with Molly, who also did the money tourists here on the channel and glamour.

Over here we have our mahogany teak wood candle.

She's been like $30 a week on candles, but I was telling her you can get candles for a few dollars each at Ross.

And I think this was like three bucks, but it looks like it could be a 15 or $20 candle.

This'd something I actually did myself with.

A contractor wanted, like, $600 to go and redo this because Spanish tile is believe it.

Not really expensive, but I found a place that ships directly from Mexico, and this was $2 a tile, so I got it shipped.

Did the whole thing for really under about $160.

This is my dining room, and the dining room table is something that I never actually used for eating.

I mostly just use it for editing videos really late at night.

For some reason, this is my favorite spot just to sit there and edit the chairs or something that I absolutely hate them.

I was looking through a catalog when picking out the furniture, and I thought these were meant to match this set.

It doesn't match these look like grandma chairs, but I hope that nobody notices.

So I just pushed them in and just leave it.

These are things that I bought from Ross.

I like fish, but I didn't buy it specifically for the fish.

I thought it was just too good of a price not to get so over here You have my bar, and this is something I never really used.

This just visually looks kind of cool and fills the space I almost never drink.

You would have no idea that this is not Jack Daniels.

Instead, it's just diet coke and water, and you find the right mixture and it looks exactly like Jack Daniels.

All of this is really just for decoration and want to make it seem like I have a fully stocked bar when, in actuality at the stocked bar full with water down Diet Coke and and water and by the way.

They used to be a big wallop here that I decided to take down, open up.

So now brings in a lot more natural lights.

I got the courts countertops here which are horrible to keep playing.

I thought it would be a really good idea to have white countertops.

And then I realised that anything you put on them is gonna leave a bit of a mark.