Title | : | Paycheck to Paycheck on a Six Figure Salary |
Lasting | : | 7.51 |
Date of publication | : | |
Views | : | 1,6 jt |
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$100-$220 per month thanks bro the things our grandparents worked and wanted for us are being eaten away by the inflationary system stop stealing from the public CB is a thief One day boy one day Comment from : Sean J |
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Quit paying over a thousand dollar car note Comment from : Mark Day |
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Thats why you live paycheck to paycheck You said it in the first few sentences- you dont like to manage/look at your finances Comment from : douglas laschkewitsch |
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Baby sitter?????? Comment from : ewnyMetroExpress |
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Im sure the professor playing basketball makes more than a million dollars with all the YouTube and fans Comment from : TomTomTV |
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This is why people start prop firms If you have absolutely no dignity or integrity like Forex trading you will never worry about money only a RICO charge😂 Comment from : Ge Reinhart |
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You could tweak a lot of stuff to eliminate some of that debt However I think your math is off on what you make per year $9,923 per month equals $119,076 not 129,000 per year 😅 Comment from : Rich C |
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You can do it 🎉 Comment from : C P |
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i dont eat out anymore and i spend 150 on groceries for 2 weeks Comment from : Anthony |
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IMO the biggest sink on the typical person's finances is cars If you're going to change cars every 3-5 years, buy a 3 year old car, otherwise pick something that you're happy to keep at least 10 years Your first car should be the only car you ever finance, ideally not even that Comment from : Steve Py |
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I don't feel sympathy if you cannot manage your finances when making over 100k Comment from : Gumer Zambrano |
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Many older folks don’t realize that $100k/year today does not keep up with inflation brbrGoing forward, I think there will be more people doing side hustles and/or creating their own business (as a craftsman) in order to “go with the flow” of high prices Comment from : alex smith |
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Your wife maybe brings a little bit of income too but I get why you didint put that in the video Thx for your transparency though, I feel like we are all more or less in a similar situation As a first time home owner the cost of life increasing things are looking grim for the future Comment from : Alex Cormier |
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Make about the same My doordash expense is about the same as your eating out expense Comment from : esjihn |
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Oh! Thanks for the video Comment from : Артем Добро |
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Love your honesty Comment from : Law Office Of TJS |
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Your math is off right from the start (if you're trying to do monthly) You're using 2 pay periods, but you're on a every two weeks schedule You get paid 26x per year You gross $10833 per month brbrWe're living paycheck to paycheck because we spend crazy money on things our parents never didbrbra 401k, a home, 2 paid off cars is by no means poor You're doing very well in the grand scheme of things Comment from : JustMe |
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Let’s be real he just doesn’t know how to manage his money and give me a break Comment from : Pet Patrol |
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Thanks for the transparency, Jake It got you this new sub Keep sharing info and increase people's self awareness and keep the conversation open Comment from : Bao Hoang |
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I've made minimum wage at a hard labor construction job since i started working and i'm far from rich, but i own 3 small apartments, no family, 46yo, old shitty car and i never do nothin (travel, dine out, drinking) But I dont care, its all in ur mind anyway, and ive got waht i need and want Comment from : Free Mason |
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Your spending is out of control Comment from : gdgood1000 |
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Bro almost $800 on eating out? I probably spend like maybe 50 a month on eating out lol (except when I travel work but that’s technically per diem) Comment from : metaldemonseanknels |
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This is completely ridiculous how many ppl here make that much money and im here struggling on 48 k between 2 jobs complete BS Comment from : J Hustle908 |
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24 of americans make at least 6 figure salaries? Seems high Comment from : nedbog |
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you are investing in a house and putting money into your 401k this is not living paycheck to paycheck Comment from : Sunil Menon |
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I make 47k my wife makes 42k and our overall expenses is 3400-3600 a month We both save about 1500 a month and we are happy with what we have Comment from : XxRigBarxX |
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This isn't living paycheck to paycheck, this is spending irresponsibly the money you have lol Comment from : Northwest Mariner |
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The fact that you managed to take time off to look at this spreadsheet is 70 of the journey done, well done sir! Comment from : Maggie |
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I think you make 420 dollars a month on youtube 🤔 🌬!! Comment from : Dang Nguyen |
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spending $730 a month on eating out means you're definitely not living paycheck to paycheck what Comment from : Jakob Rose |
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Im my culture eating out is not that popular, only for special ocasions like birthdays or anniversaries you get to eat in a restaurant and I think its bettet thay way and makes you apreciate it more Also fast food is not that big or popular may order pizza or some bbq like twice a month but thats it Comment from : marko barbaric |
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I think you make roughly $971 in ad revenue per month Comment from : Chantz Petrie |
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I wish i made 130k I could survive just fine on that if I'm doing it on 55k Not to invalidate your experience but lets be real you have more breathing room than me and I live in Miami so Add to that my student loans for the degree I was sold a LIE on and I'm doomed when I have to start paying back The distribution of wealth in this country is so bad that there are days I don't even want to be alive Comment from : Bryan Heart |
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eating out is always 100 per week Comment from : Ivan Gracia |
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We are seven at home, my husband and I work, we used to be able to pay all bills and have some left to eat out once a week or for an emergency We saw a drastic difference within a year, A YEAR!! We have no savings anymore, credit cards are maxed (groceries) we have had nothing left every single pay period, we have had to lower our food bill, not go out, save gas as we can, and it's still not enough We are paying the same bills, life is just costier We go on the negative all the time We sat down and looked at all debt and we need and extra $1,200 just to go by and pay regular bills Our expenses, after CUTTING, went up $1,200 Mind blowing and ridiculous Comment from : Idis Brioso |
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I did the same thing with skillshare They're really shitty Comment from : Bryan Vahey |
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Weak Comment from : Mercury Fillings |
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You live in a huge house near the mountains Comment from : RustyBotStudios |
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Jesus man I don’t even spend that much eating out in a year It’s just me but still And how the hell are your health insurance payments so damn cheap? Comment from : RustyBotStudios |
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Jesus christ you ARE a family of four NINE HUNDRED A MONTH FOR GROCERIES? I'm usually under a hundred dollars for just myself Eating out I am still super cautious, probably 40 bucks a month if that Comment from : DONUT |
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100k in 2020 is 65k in 2023 Comment from : Simon Bastin |
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Bro I'm subscribing just because of this video What a sincere video, thank you so much for sharing Comment from : The Xilaman |
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awesome❤ Comment from : Cinta Musik Official |
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Thanks for sharing! Great video! Comment from : Tess G |
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Bro needs to jump on the Dave Ramsey show lol Comment from : MrMini-Moto |
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I love how everyone comes to these videos and just talks about themselves Comment from : Nicholas Novak |
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$400 salary a month, single, no kids, no health insurance, doesn't own a car nor any luxury items 😂 Comment from : ummmjustsayin |
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thanks for making this video its pretty interesting and now I want to see how much I'm spending in little areas I'm guessing you get around $420 a month from YouTube Comment from : Alexander 🎮 gilbster |
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you let that dog put its mouth on yours Comment from : Michael Rogers |
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why not give money back to followers if guess right? or if comment etc, will help you more too lol buti,m guesssing like maybe $5 to $10 k a month lmk bro lol ty Comment from : Manuel Lugo |
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probably too miuch eating out lol less income too lol cool video inspiring and vulnerably honest lovee it ty Comment from : Manuel Lugo |
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130,000 a year is insane Comment from : PyR Apollo |
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What's going on here? I make 115k a year and take home 8,400 per month (this is after tax) but you make 130k and take home 6599+ Holy jeez that is a big difference Are you married? Sounds like you are both filing unmarried and get slammed with state income tax Comment from : Dylan Hughes |
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When you are in debt but spending $800 going out to eat 🤣 Typical Americans "trying" to get out of debt Comment from : eojj14 |
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Yo jake how can i get your job I want to make 130 thousand dollars Comment from : Darth Sidious |
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Here's my guest that you make $3,000 a month on Youtube Comment from : John Harris |
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I only make 2k a month, my rent is 19k Comment from : Caesar |
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I clicked expecting something totally different You are not living paycheck to paycheck You have over $1500/mo with just the extras
brA person living paycheck/paycheck couldn't go out to eat buy clothes, pay for a sitter or go buy things at disneyworld We should all have your problems THIS IS AN EMBARASSMENT AND A INSULT TO PEOPLE WHO ARE ACTUALLY TRYING TO SURVIVE
brCancel
br
brComment
br@crazycatlady312
br@crazycatlady312
br6 months ago Comment from : gb hinton |
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Get a roommate No? Oh okay, well Comment from : Vanessa B |
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Hi Jake, nice video I can relate to you a lot I also live in Utah, more precisely in Provo and work a remote job I’m also a engineer and I have similar life style and expenses I would love to watch a video on doing freelance and contract work for extra income, something that I couldn’t figure out yet Maybe you can make a video on how you advertise your freelance gig, how you get costumers, how much you charge and how you manage taxes and business expenses, etc Thank you so much for your content Comment from : pedrohenrihc |
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very interesting, thank you for sharing! Comment from : Daniela Maria |
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I'm in the same boat - make over 100k but not much to show for it in the end We tend to eat out way too much too but I work 50 -60 hours a week so sometimes I'm just too tired to cook If I got home at 5:30 instead of 7 pm I'd probably cook more so a never ending cycle Just goes to show you that in today's world the key to making money is MULTIPLE SOURCES OF INCOME Comment from : Go Girl |
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We spend about 160 max maybe a month eating out for a family of 3 BUT thats mostly lunch at work and an occasional diner or soand I'm being generous at 160 Comment from : M Patel |
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I'm sorry but clothing caught me off guard I think I spend that much on clothing yearly if that Eating out is meh just find stuff you enjoy making Instead of cutting back might be worth figuring out how to increase your income Comment from : Nicholas Mettler |
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Tax + morgage/rent are the number 1 reason most people live paycheck to paycheck even if they live below their means Comment from : Nhit C |
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Cut down on your revolving debt and you won’t believe how much more money you will be saving and haven’t changed anything Comment from : Jake McKeown |
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First off thank you for your transparency Sir I want to say making considerably less than you as a single, not even making 2600 a month , I struggle considerably Like paid on Friday broke on Friday Gas , rent ( roommate) Food the basics I am now changing my mindset into becoming an entrepreneur and betting on myself because no one is going to give you what you are worth I have often thought of if having a child would be a far away fantasy or being a homeowner was an impossible feat I just don't see how we can all be this way in a first world country what the hell Comment from : Lee LI |
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Stop buying everything luxury Comment from : reme |
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Sum it up: Inflation is a bitch! Comment from : ABE K |
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bro, you're such a Joker 130,000 a year, and you're struggling?!?! You're horrible at budgeting and lose the dog guarantee a couple of your wants are viewed as needs cut the s*** bro ham, cause it's weighing down Comment from : Alonzo Dassinger |
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Fuck capitalism, eat the rich To watch your money just vanish so fast Is depressing The rich 0001 percent are killing our economies, so we should just eat them all and fix this shit Billionaires aren't people, their just creatures of greed Comment from : Mega_Ferret |
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Easy living out side there means trying to keep up with the Joneses buying crap you don't really need eating out at expensive restaurants bad use of credit cards lot's of ways one lies to ones self about how were to spend/save money Comment from : Charles Russell |
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There’s people in California and other big cities making it on 30k a year They don’t qualify for health care aid or food aid Watching videos like this it comes off like people who make 100k just don’t understand how to budget in their means Comment from : KirbyyyDances |
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Dude I spend between 900-1k eating out We always say we will limit the eating out but it’s hard Lol Comment from : Mussolini |
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I'm in the same boat as you There is no chance that this can maintain itself Either the average american salary goes up to supplement the abhorrent increase in prices (from the grocery store to household items to anything inbetween) or the economy just says "YOLO" and even the moderate wage earners go into massive debt leaving only the incredibly well off to sustain bill paymentsI get where credit card companies offer 25 apr which should be disgustingly illegal but it's to recoup on delinquent payments; however, that doesn't help the people trying to get out of the hole, it makes the hole deeper trying to solve other peoples problems not paying the bills Not sure what the next steps will be, but it might take a miracle to save the new middle class Best of luck Comment from : Samuel Kunz |
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It wasn't this bad under Trump Just sayin! Careful who you vote for! Comment from : 610 Moto |
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I love how absolutely stupid people are with money I make $20 an hour and live more than comfortably because I'm not an idiot Not hard to live a very simple, cheap life while being happy Comment from : Colin Schenck |
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Because you have 2 popular videos (16 M views) you probably get around 600$/month from YouTube Tell us! :) Comment from : Ju Lie |
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The minute you said wife, two kids, dog ,two cars and house I immedietly understood 6 figures is not enought to sustain that or its like right there Comment from : Jason Hooker-Pomare |
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I make 6 figures Thankfully, my grandfather was cool enough to let me buy one of his houses off of him for 15k Only bills i have are power, internet and car insurance which all adds up to be less than $500 a month Comment from : Empty |
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And as Graham Stephan's video showed, paycheck to paycheck means you have nothing to save Bro you are loading your retirement accounts and spending mad money you don't need to spend Out of touch You are NOT check to check Comment from : LoLo |
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This video is a bunch of excuses I'm doing fine and I make $70k and live on my own with my own mortgage I just bought a boat By myself No paycheck to paycheck You waste an unbelievable amount of money Comment from : LoLo |
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Just shut up if you don't live in or around a big city 35,000-40,000 a year is average unless a doctor or lawyer or something Those ones actually hurting that is most of us Tell us your hurting when you have to choose between food or rent like most of us looking at Comment from : Reverence |
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I have a similar income but in Canadian dollars and it’s not cutting it either!! It’s terrible The only thing that’s different is where you eat out I spend that on a very large car payment So if you had a car payment the eating out wouldn’t be high Thank you for being vulnerable 🙌🏾 Comment from : Tennika Samuels |
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Stellar video! I lived in Orem/Provo for a couple of years It was fun to see all these places that I know haha Mama Chus!! Comment from : Taylor Anderson |
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living above your means is no ones fault but your own Comment from : Beanzo79 |
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So, you spend 10 grand a month Comment from : Ignacio Godoy |
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spending almost 2,000$ on food a month you guys should be embarrassed Comment from : R L |
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Honestly your family should be embarrassed Comment from : R L |
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as your income increase, your lifestyle will follows It's the lifestyle creep or the lifestyle inflation It's about the habit trust me I'm one of them If you don't change the habit, doesn't matter how much you're making, you're still fall to the same old paycheck to paycheck - you just live more lavishly Comment from : Andy Sok |
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360 dollars revenue stream per month If I get it correct, instead of the month revenue, I would elect that you pay taxes on it and divide into 2 and put to your kids educational funds Comment from : G Willi |
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A difficult part to talk about is generational differences Just because one grew up going to Disneyland, does not mean that now one can afford to take the kids to Disneyland just as your parents have done I am lucky as a Gen X, if I had done nothing different but been born 10 years later, I would not have had the same economic opportunities, which have grappled the millennials My home would have been unaffordable, my student loans would have been much higher It is part of the great valuation bubble, ZIRP, and generational burden that the Boomers would rather pass to the younger generations for their entitlements Comment from : G Willi |
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