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

  • Published on Nov 21, 2019
  • 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 RU-clip 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 RU-clip videos.
    Stephan, who was born and raised in Los Angeles, never dreamed he’d make his living as a RU-clipr. He was earning good money as a realtor, a career he started at 18 after he didn’t get into college. He’d watched RU-clip 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

Comments • 6 003

  • CNBC Make It.
    CNBC Make It.  24 days ago +4316

    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.

    • White Collar Mom
      White Collar Mom 19 days ago


    • coco marineblu
      coco marineblu 21 day ago

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

    • Millennial Music Money
      Millennial Music Money 21 day ago

      @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...

    • Ashley Amrine
      Ashley Amrine 22 days ago

      Living for this!

  • Andrew Zavala
    Andrew Zavala 2 hours ago +1

    This guys girl is bad😳

  • Paul Ho
    Paul Ho 22 hours ago

    Although he seems chill, some of it seems removed from reality. I don't think everyone can qualify for those tax credits for the Tesla to pay for itself. Many variables of real estate aren't attainable for most people. It's cool to see him retain most of his money in high interest checking and savings accounts, but break down the stocks and investments!

  • Dan Neutron
    Dan Neutron 23 hours ago

    Im sorry did this guy inherit his money? Im not familar with this guy. Where did he get all the access to resources and networks to start out st 21?

    • May Show
      May Show 11 hours ago +1

      No he worked hard from it, he had a low GPA, never went to college and his parents were low to middle class. He is a self starter. It's really inspiring. You should watch his RU-clip channel, he talks about it there.

  • Mary ann E
    Mary ann E 23 hours ago

    Haha Graham why you always showing up somewhere on youtube lol😆😄

  • Dr Incognito
    Dr Incognito Day ago +1

    Shows that academic “smart” is way worse than street smarts. A street smart person will always make it happen.

  • vickikendricks
    vickikendricks Day ago

    Does anyone knows the name of Stephen Graham You Tube Channel the one with a million subs? I cant find it.

  • maynstagram
    maynstagram Day ago

    What a legend

  • Cee_Jay Live
    Cee_Jay Live Day ago +1

    Wow Wow Wow 💥💥💥

  • Charles Norm
    Charles Norm Day ago +1

    Glad he found a girlfriend who’s as frugal as he is

  • treezy
    treezy Day ago

    Id like the see Graham criticize this episode. 20. cent. iced. coffee. lol kidding

  • li z
    li z 2 days ago

    The king of millennial money has arrived

  • NatashaCine
    NatashaCine 2 days ago

    I love thissssssssss.

  • greenapple233
    greenapple233 2 days ago

    Feel like he’s just hoarding wealth don’t see the point in living like this if you have so much money. He only spend money.. to make more money?

    • kabascoolr
      kabascoolr 9 hours ago

      @greenapple233 ^ Well, that's why he makes millions of dollars and year, and you don't.

    • greenapple233
      greenapple233 Day ago

      Mike Cowin I feel like when someone gets to a certain level of wealth they have a responsibility and by treating the money the way he is, he is being selfish

    • Mike Cowin
      Mike Cowin Day ago +1

      greenapple233 who cares if he’s happy? How different does he live than you?
      “Hoarding wealth” is a term that should be reserved for billionaires, not people who are frugal and save / invest.

  • Mr Watto
    Mr Watto 2 days ago

    Boring, seems to be rich parents, Jewish style of scrimping

    • May Show
      May Show 11 hours ago +1

      His parents are low to middle class, he is a self starter. Stop spreading misinformation.

  • Sweetness Overload
    Sweetness Overload 2 days ago

    Wow I am shock this man is a millionaire and will not eat out much.

  • gabriela dominguez
    gabriela dominguez 2 days ago


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    Nicole Alexandra 2 days ago

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  • c carville
    c carville 3 days ago +2

    How to get rich: Pretend to be rich and make clickbait youtube videos

  • Donato Travels
    Donato Travels 3 days ago

    I'm sorry, but if 85% of your monthly income comes from one particular source, that's your primary career. You're a RU-clipr. There's no shame in saying that as opposed to saying you're a real estate agent. Except for the fact that it doesn't fit your brand to tell your subscribers that. If 85% of your sandwich is ham, and 15% is lettuce and tomato, you didn't eat a vegetarian sandwich.

  • ভাইসাব Bros

    Dude make 80k a month from youtube 😱

  • Swarthy One
    Swarthy One 3 days ago +2

    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!!

  • NaturallyNerdeeNicol
    NaturallyNerdeeNicol 4 days ago +1

    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...

  • jazzip
    jazzip 4 days ago +1

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

  • Andrés Medina
    Andrés Medina 4 days ago +2

    he's really smart but like hella cheap too idk

  • Dead Zone Gaming
    Dead Zone Gaming 4 days ago +1

    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

    • oh snap itz joy
      oh snap itz joy 2 days ago

      Dead Zone Gaming seriously he lives like he’s in a Third world country and is rationing for tomorrow . b good to save and be mindful about your money but I can’t imagine living like that .

  • Sarah Kozak
    Sarah Kozak 4 days ago +7

    I'm curious about what his girlfriend does for work, her net worth, and how their financial values crossover.

  • Andy
    Andy 4 days ago

    Real Estate, got it!

  • Jose Perez
    Jose Perez 4 days ago +2

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

  • Berenice Munoz
    Berenice Munoz 4 days ago

    Wow, awesome!!!❤️

  • Monica
    Monica 4 days ago +1

    Aww the cheeseburger thing is so endearing.

  • Meco
    Meco 5 days ago +1

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

  • It is Fiya
    It is Fiya 5 days ago +8

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

  • Midnight at Burnie's Drive-Up

    I love you Graham!!

  • AS
    AS 5 days ago +3

    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

    • Vibe
      Vibe 5 days ago +1

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

  • The Tipsy Cookery
    The Tipsy Cookery 5 days ago

    Amazing! Hard working and have excellent values!!

  • SkylineToTheSeaAndMe

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

    • Vibe
      Vibe 5 days ago +2

      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.

  • Chandan Pothuri
    Chandan Pothuri 5 days ago +2

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

  • Brittany Jones
    Brittany Jones 5 days ago

    This is hilarious

  • Vepa Ashyrov
    Vepa Ashyrov 5 days ago

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

  • Hussle Simmons
    Hussle Simmons 5 days ago

    How can you afford to live in LA on that ?

  • aldralee
    aldralee 5 days ago

    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.

  • Ynashah J
    Ynashah J 5 days ago


  • Kerry Fitzgibbon
    Kerry Fitzgibbon 6 days ago +1

    For Graham, I watched the ads

  • Benedict Chabu
    Benedict Chabu 6 days ago

    Smart Guy #100

  • dazzafication
    dazzafication 6 days ago

    this is the best one yet, go graham!!

  • Dulce Sueños
    Dulce Sueños 6 days ago

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

  • Lillian
    Lillian 6 days ago

    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.

  • Luigi Player 14
    Luigi Player 14 6 days ago +1

    The ultimate crossover.

  • ballerknallerful
    ballerknallerful 6 days ago

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

  • Bullets Are Flying
    Bullets Are Flying 6 days ago

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

  • Yamilet Tumse
    Yamilet Tumse 7 days ago

    Extreme cheapskates millionaire edition ....

  • tommy d u b b s
    tommy d u b b s 7 days ago

    Bought it in cash? Like 200k? Daddy money

    • Vibe
      Vibe 5 days ago +1

      @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.

    • tommy d u b b s
      tommy d u b b s 5 days ago

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

    • Vibe
      Vibe 5 days ago

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

  • tommy d u b b s
    tommy d u b b s 7 days ago +49

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

  • lmarck
    lmarck 7 days ago

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

  • tommy d u b b s
    tommy d u b b s 7 days ago +1

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

  • giraffe
    giraffe 7 days ago +7

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

  • Jesse Veal III
    Jesse Veal III 7 days ago

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

    • Vibe
      Vibe 5 days ago

      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

    XRARRIX XSTYLEZX 7 days ago

    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...

  • Michelle Gousios
    Michelle Gousios 7 days ago

    I loved watching this video I think it's inspirational and I forwarded it to my daughter. I wish I would've been that frugal when I was younger and meaning tons of money.