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

  • Published: 21 November 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 YouTube 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 YouTube videos.

    Stephan, who was born and raised in Los Angeles, never dreamed he’d make his living as a YouTuber. He was earning good money as a realtor, a career he started at 18 after he didn’t get into college. He’d watched YouTube 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 • 5 914

  • CNBC Make It.
    CNBC Make It.   2 weeks back

    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.

    • Nutts Crackerz
      Nutts Crackerz  1 days back

      He's not a millennial he is generation z the last birth year for a millennial is 1990...

    • White Collar Mom
      White Collar Mom  2 weeks back


    • coco marineblu
      coco marineblu  2 weeks back

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

    • Millennial Music Money
      Millennial Music Money  2 weeks back

      @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...

  • Bruh Mmnt
    Bruh Mmnt  4 hours back

    he is the biggest cheapskate as a millionaire

    • k. rich
      k. rich  5 hours back

      Govt takes 40%

      • Rune de Beer
        Rune de Beer  12 hours back

        Is he still a millennial cause being 29 makes you in 2019 being born in 1990.

        • Tonythetiger86
          Tonythetiger86  13 hours back

          You are mentioned in south Korea for your frugality!

          • Phorn Pharath
            Phorn Pharath  16 hours back

            This guy really inspiration <3

            • Olivia Jayden
              Olivia Jayden  16 hours back

              Thank you so much wilson for helping me and my wife improve our credit scores so we can now finally look for a house with some land, this has been a dream of ours for many years. Now the time is finally here.My scores are above 750 and my wife's 800 right now and we couldn't have done it without your help, wilson. Your professional assistance for the purpose of helping our scores and us qualifying for a loan which i'm so glad was achieved – all of this we could not have done by ourselves and we thank you very much. if you have any issue at all with your credit do not hesitate to contact him, can also text him on +1(508) 731-4125

              • ItsNiclas
                ItsNiclas  19 hours back

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

                • Trinh Bui
                  Trinh Bui  20 hours back

                  I got so excited. I squealed.

                  • Christopher Lancaster
                    Christopher Lancaster  22 hours back

                    Full time real estate agent. Lol this dude has 3 Zillow reviews. Just another fraud. If you make a million in real estate you wouldn't quit to do YouTube

                    • MsAsianNinja
                      MsAsianNinja  1 days back

                      I saw the breakdown of what he earns, but where is the monthly spending breakdown?

                      • Maleick Fleming
                        Maleick Fleming  2 days back

                        hustler spirit 😃

                        • ryan bax
                          ryan bax  2 days back

                          all that money scamming people and still cannot buy a hairline...karma

                          • Nova Calisthenics
                            Nova Calisthenics  2 days back

                            You guys should watch his video, he spends less than 10% of his profit because he starts small. and that is the reason why he is rich. He is super sensitive about his money rather than his gf

                            • The Cursing Photographer

                              honestly seems like a cool dude.

                              • Neil Wood
                                Neil Wood  2 days back

                                Good on him. No debt from going to college. Goes to show you can make it if you try

                                • Chris Cabral
                                  Chris Cabral  2 days back

                                  I wish I could hate this guy. But mate, you’re killing it. I also love the fact he has no six-figure student debt to cripple his net. Well done:)

                                  • Latisha Faucette
                                    Latisha Faucette  2 days back

                                    I absolutely love this video!!! so Inspiring! This is easily one of my top 5 fave Millennial Money episodes!!!!!!

                                    • Vela4331
                                      Vela4331  2 days back

                                      Love this guy!

                                      • Eva
                                        Eva  3 days back

                                        Jesus Christ, he's gone full circle, awesome

                                        • Apple Green Tech
                                          Apple Green Tech  3 days back

                                          Rich people that are cheap. Not cool.

                                          • FFSteve
                                            FFSteve  3 days back

                                            That shot with the CNBC mug was priceless.... nobody was happier for a free mug than the guy making $1.6M a year.

                                            • Mauricio Paladines
                                              Mauricio Paladines  3 days back

                                              Dude is inspirational

                                              • Einl Einl
                                                Einl Einl  3 days back

                                                He’s doing well but his gym is too expensive. 🥴

                                                • Celadon Jade
                                                  Celadon Jade  3 days back

                                                  you and your girlfriend are such a great match!!!

                                                  • Dee G
                                                    Dee G  3 days back

                                                    Does he give back, that is the question. When people make it they soon forget Helping others. ME, ME, ME.🤔

                                                    • Vansh Rai
                                                      Vansh Rai  22 hours back

                                                      Dee G Not giving back doesn’t make a you a bad person, it’s his money. He can do whatever he wants

                                                  • Federico Grosso
                                                    Federico Grosso  3 days back

                                                    Have you ever heard of colander bro?

                                                    • Cherisna Properties
                                                      Cherisna Properties  3 days back

                                                      I love watching him on YouTube smart guy

                                                      • LaloRacer1
                                                        LaloRacer1  3 days back

                                                        Amazing! Truly an inspiration!

                                                        • joel franco
                                                          joel franco  3 days back

                                                          I love a frugal woman

                                                          • Social_Commenter
                                                            Social_Commenter  3 days back

                                                            So he makes 85% of his money from YouTube by talking about how he makes the other 15%. What a time to be alive.

                                                            • William C
                                                              William C  3 days back

                                                              Step 1. Go to Google
                                                              Step 2. Search this keyword: 123moviestoday
                                                              Step 3. Enjoy!
                                                              Living On $1.6 Million A Year In Los Angeles | Millennial Money
                                                              going. Tough situations build strong people in the end.” “Success is not how high you have climbed, but how you make a positive difference to the world.” “Learn to light a candle in the darkest moments of someone’s life. Be the light that helps others see; it is what gives life its deepest significance.” “Do not let the memories of your past limit the potential of your future. There are no limits to what you can achieve on your journey through life, except in your mind.” “No

                                                              • pie man
                                                                pie man  3 days back

                                                                I thought this was a joke when I read the title. I thought this series hated him. WTF

                                                                • pie man
                                                                  pie man  7 hours back

                                                                  george fra because in one of the episodes he reviewed they changed it up to make it harder for him to review

                                                                • pie man
                                                                  pie man  7 hours back

                                                                  Vanessa Lindsley because in one of the episodes graham reviewed they changed it to make it harder for him to review

                                                                • george fra
                                                                  george fra  11 hours back

                                                                  He doesnt roast the series itself more like the people on it, and he doesnt actually roasts them, but more like giving them financial advice

                                                                • Vanessa Lindsley
                                                                  Vanessa Lindsley  14 hours back

                                                                  pie man why would they hate him? Probably a lot of the viewers of his channel go to this channel after his reviews... or maybe they skip since you see most of the video on his? Idk

                                                              • Gustavo Razo
                                                                Gustavo Razo  3 days back

                                                                1.6 million a year is broke

                                                                • Simon Cheung
                                                                  Simon Cheung  4 days back

                                                                  Finally CNBC interviewed someone that I respect :) unlike most of the talking heads on tv, thank you CNBC

                                                                  • BrechtXT
                                                                    BrechtXT  4 days back

                                                                    He couldn’t even splurge on a Model S?

                                                                    • Ian Hernandez
                                                                      Ian Hernandez  4 days back

                                                                      I don't understand how having millions in debt but having millions in assets qualifies you as a millionaire. There are countless stories of people in similar circumstances during the great recession with the same conditions who lost everything. Sorry I'm just not buying it.

                                                                      • rosa rivera
                                                                        rosa rivera  4 days back

                                                                        how do you like to buy a 1982 Toyota running excellent

                                                                        • Daniel Fly
                                                                          Daniel Fly  4 days back

                                                                          That gym membership tho

                                                                          • Mumble
                                                                            Mumble  4 days back

                                                                            Graham: let’s make pasta at home

                                                                            Broke people: Olive Garden? They have free garlic bread

                                                                            • Rodolfo Suarez
                                                                              Rodolfo Suarez  4 days back

                                                                              The real question tho, is he really short, or is his girlfriend really tall?

                                                                              • S CP
                                                                                S CP  4 days back

                                                                                That’s just what Warren Buffet does

                                                                                • Vince W
                                                                                  Vince W  4 days back

                                                                                  9:30 How about donate it to a good cause? I didn't hear anything about giving back to the community. I guess that's not high on his millennial list, just living in his comfortable bubble. Sad really.

                                                                                • Joshua Leigh
                                                                                  Joshua Leigh  4 days back

                                                                                  For those of us who want to make some extra money for Christmas, but don't have any money to get going, Multi Level Marketing is a good way to start.

                                                                                  Click this link, and I make money. Set up a free account, I make money and you get your own account where you make money! No start up costs, no hassle. Simple, free, easy Christmas money.


                                                                                  • Lilli R
                                                                                    Lilli R  4 days back

                                                                                    Graham makes an exponential amount each month, yet hardly or occasional splurges by saving 99% of his income. A good trait to have however, I find him very boring as all he does is make and make and then splits the bill with his Girlfriend!! whatever mate.
                                                                                    Both are boring! neither one or the other shouts each other from time to time. He simply is so proud of his frugal achievement to the extent, he may as well go work for $20 per hour and forget YouTube. He has no desire to make millions or billions but he'll be happy to make 10 million ffs 😀.

                                                                                    Graham loves his money to much that's why he's frugal. Lossen up a little, it won't hurt if your making more than 220,000 a month. If the entire world did what he does, the economy won't spin. Stop being so tight the more you make the more you should be spending, supporting your communities etc without putting a hole in your budget cause basically that's what you have, a budget. You can't be to tight and selfish with money it needs to circulate. Did you think about that? and stop saying it's my money, it's not your money its other people's money too. 👋

                                                                                    • victor toombs
                                                                                      victor toombs  5 days back

                                                                                      Graham Stephan's channel is a total waste of time. He doesn't dispense any info you can't get out of a book or on the internet for free. Smh.

                                                                                    • Bekah's Beauty
                                                                                      Bekah's Beauty  5 days back

                                                                                      DID GRAHAM EAT AVOCADO TOAST OMG OMG OMG

                                                                                      • Bekah's Beauty
                                                                                        Bekah's Beauty  5 days back

                                                                                        He needs to hang out with Ned from try guys I feel like they’d get along