Living On $48K A Year In Helsinki, Finland | Millennial Money
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- Опубліковано 26 сер 2024
- Maria Ainamo-McDonald, 30, earns the equivalent of $48,000 a year as a marketing specialist at the broadcasting company YLE. She lives in Helsinki, Finland where she’s been able to buy two homes before turning 30. Here’s how Maria earns, spends and saves her money in the happiest country in the world.
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 Maria's budget breakdown here: cnb.cx/33a1Tje
Maria lives comfortably on $48,000, but in an ideal world, would make closer to $75,000. She picked that amount after reading studies that suggest you need about that much to be happy. While it’s a goal in the back of her mind, “I don’t actively work for that to happen,” she adds. “I don’t do my work because of money. I do my work because I enjoy it.”
Ainamo-McDonald spends about $527 per month on groceries, including diapers, for the whole family. She also spends an additional $111 eating out. That’s enough to cover just one night out for the family at a nice restaurant. “In Finland, going out for dinner is super expensive, especially if you want to have alcohol,” she says. She gets lunch at work every day. It costs about $8 and is taken straight out of her paycheck.
Ainamo-McDonald bought her first apartment in Helsinki, Finland, at 26. She recently sold it, came out $21,000* ahead and used the profits to upgrade to a bigger home that she shares with her husband, Duke, and their two-year-old son.
It was a significant purchase: The four-bedroom apartment cost $326,000 all-in. The couple put $78,000 down, financed the rest and split the $932 monthly mortgage payment, which includes interest.
Plus, she plans on staying put for a while. “I was born in Helsinki,” she says. “And I’ve always liked Helsinki.”
You can’t beat the health-care system and parental leave policy, she adds. “In my humble opinion, Finland is the best place to have kids.”
It’s also the happiest country, according to the 2019 World Happiness Report. Aianamo-McDonald agrees with the assessment. “Everything is very good in this country: Everybody has food and shelter and free education, which I think is the key. You have the possibility of being very happy here - then, of course, it’s up to the individual to decide if they want to grab that chance.”
*CNBC Make It converted Euros to USD using the OANDA conversion rate of 1 Euro to 1.10924 USD on October 29, 2019.
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Living On $48K A Year In Helsinki, Finland | Millennial Money
What’s your budget breakdown? Share your story with us for a chance to be featured in a future installment. cnb.cx/32TYZ2K
I really enjoyed this one. Learning the quality of life in another country is really interesting. I would like to see more like this, or even from different cities in the US like Tulsa or Salt Lake City.
Are you also doing episodes in the Netherlands? :)
You should also do some areas of the USA not near big cities. It would be interesting to see. Other countries would also be great!
Do more international this was a great idea! I’d love to see Paris London and also featuring countries in Asia and Australia or New Zealand
Philippines!!!! Please
They need to do more videos on this globally like in England, Canada, Japan, South Korea, Brazil, Australia, New Zealand, France, Italy and Germany. 💵💵💵💵 all over the world 🌍
yes!
@@ykook7000 I know Canada, for example, can be very different depending on what province you live in. Living in Nova Scotia, for example, a two-income family making $40k a year can expect to pay $6k more in taxes and get less in return than the western provinces. :(
Oh that’s what they don’t want because then we will start asking questions.
Spain, and countries in Africa. South Africa would be nice to see.
Canadian here living in Ottawa
Monthly salary after tax is probably around 30K,
Expenses
$800 rent(I help pay the rent at home)
$500(Repayment of family loan to pay off credit card)
$200(groceries)
$120(Bus pass)
$125(just for a few more months for dental)
$100(phone)
I don't pay for doctor's visits but I do have work benefits such as 2k in dental, covered for eye test, glasses. I don't get sick often. I've paid off student loans(I had about 7k from 4 years of College which i already paid off). I took a trip to visit my sisters in Toronto and Montreal this year as im trying to travel more.
I cant wait to see Graham like “372 dollars for childcare? You gotta cut that down, leave the kid in a park with other kids and let them watch each other”
Ha! I can hear him saying that now.
Danny Tamayo you are funny😂😂
Danny Tamayo That’s terrible advice. You take them to the ball pit at IKEA.
Who's Graham? Not born in the US of A
Let them watch each other 😂😂 it’ll be like Lord of the Flies
This is basically an ad for Finland 😂
definitely a propaganda.....it doesn't describe the whole truth
Alkomp75 what’s missing? The only thing I can think of are the winters with 2hrs of sunlight. That’s about it.
if you go there , you will understand
Alkomp75 I’ve been there. What’s missing?
@Jhon Krasnovskiy a visit of 2-3 days can be misguiding.The thing is if you go and work , it's not always easy to leave , especially if your job is a specialty
This was definitely a great look into the quality of life in another country!
Thanks Ciara, glad you enjoyed it!
Just be prepared to pay a lot more taxes! Income tax is 35% and sales tax is over 24%. The US wants things but then complains when taxes goes up.
Corey L. I’d gladly pay more taxes for more benefits. Especially those she mentioned. I think it become a gripe when you feel like you’re not benefiting from paying so much in taxes.
@@ultrainstinct8392 Men also get free healthcare and free schools + university (post grad included)
AC Milan Blog 1899 Channel definitely learning the language now lol (for work)
This will throw Graham off. Even he doesn’t know the normal or cheap costs of anything in finland
Lol why do you say "*even* he doesn't know"😂
Yes. 😆
CNBC straight trollin Graham now
That's why they have gone international
I think the watched the Money Heist and the channel of Graham Stephan.
I'm Finnish and never took a student loan. I worked like 5 days a month and got a monthly student grant and living aid. I have my master's and zero debt.
0Flow0 that’s amazing. I’ll love to visit your country one day!
Student loan is free money.
I didn't actually need the loan for living expenses but I maxed it out anyway and invested it all. The investments made me a lot more than the interest rate on the loan and since I graduated on time the government paid off a good chunk of that loan. Taking out the loan is the best financial decision you can make.
I think it’s reckless to give money to people that don’t work
Jewell Smith of course you do when you don’t know any better
And suddenly, even the best Millenial videos in the US don't seem so great anymore.
K Dilli she has no money.
@@lukepancoe6463 And has no debt and owns her own home. Free healthcare, free education.... A savings will come soon enough.
She does have savings. In fact, she's living very comfortably and happy too where she can be generous with her monthly donations to charities at $81 while her monthly student loans are only at $67.
This is wild compared to the US, my student loan monthly interest alone were close to $100 (and that's little compared to some folks out there).
That's the economy in nordic socialist countries - everybody earns enough to enjoy life and the wealth disparity aren't as much as US - plus your tax are heavily reinvested to public services. No astronomical student debt, mortgage interest rate and insane healthcare bills. Pretty good if you ask me.
@@lukepancoe6463 but that's also because her husband doesn't have a stable job, if he also made 48k a year they'd be really comfortable
She just put all the US millenial moneys to shame. She's living the "American dream" in Finland on $48k a year WTF.
How'd she put us to shame by growing up in the best country in the world in comparison to the shittiest banana republic where were told you have freedom in an oligopoly and about 16 companies control or an interest in about everything.
That's a little extreme. Of course we're basically an oligarchy at this point but the quality of life in the US is pretty good as well. And I say this as someone who was born at the bottom of the barrel.
In Helsinki no less
Justin Quinn wow man you are so woke
Im finnish
48k a year doesn’t sound like that much but she is having a great lifestyle
Thats what life is like when your government cares about its citizens
For a European country like Scandinavia, 48K a year isn't bad at all. Consider social security, cheaper food, virtually no expensive student loans, less stressful life, great educational system and what not.
Here in Serbia, many people work for $350 *a month* ! We here see Scandinavian countries as a future place to live in, since we know how extremely hard it is to live in Serbia, despite knowing that people here are warm, positive and the mentality is all around different (the Balkans in a nutshell). :)
Ask anyone here who lives/has lived in Serbia to tell his/her story about what life was like in that small country.
Eternal Battle14 Scandinavia is not really a country but I get the point, and I myself have been to Serbia and have Serbian friends (I also have friends from other countries in the balkans) so I know what it you’re taking about. Though I’m not so sure my Slovenian friends would say that they have it as hard as the Serbians.
Eternal Battle14 Food is anything but cheap in Finland.
@@eternalbattle1438 Just clarifying, but Finland isn't a Scandinavian country, culturally or geographically. Maybe you meant to say Nordic?
Do a video about millenials living in Lagos, Nigeria or Accra, Ghana! So many people have misconceptions about Africa but I have friends and family who are making great livings and they have large metropolitan areas that never get shown on TV/internet.
No one wants to live there so they don’t show that
@@faysmith1724
Nobody? Seems like the media is brain washing is working. Many African countries are thriving economies. I work in Africa half of the year and I have invested business there, I bet I earn way more than you.
Get it through your head that in this global era, boarders mean nothing and apportunities are endless everywhere.
Fay Smith are you in the right state of mind I live in Nigeria and I live extremely comfortably I’m probably more comfortable than most people living here but my family can afford anything we want. FYI Nigeria has over 200 million so your statement is simply ignorant what a fool
AYO JOY Why would I not be in the right state of mind? I’m simply pointing out how other people in the West are brainwashed. They’re not shown the niceties that you can experience living in Africa. I’ve met people in my job who live there. I didn’t say I didn’t want to live there, I said that PEOPLE in general aren’t shown that there could be a good quality of life. You’re ignorant for misinterpreting what I said. You immediately got defensive for no reason LOL
@@shoobadoo123 That's an ignorant thing to say but ok.
As an American, I loved learning about how great quality of life in Finland is. I’m jealous now!
Want more if these international videos, especially Europe!
.. I just made one about all the candy I brought back. I know that's not what you were talking about but I thought it was great!. :)
What's the point of being jealous, when you can create the same in your own country? Overturning the corporate mafia would be a favour for the entire world.
As an American living in Sweden, I can’t wait to see Graham’s reaction to life in a Nordic country.
Hi Stefan, do you think it's worth moving to Finland and leave the us?
Love how she donates and understands how fortunate she is when it comes to her lifestyle. Beautiful soul 🌸
Kilo Byte & she herself is also a taxpayer so what’s your point
@Kilo Byte the interest on student loans is smaller than the inflation rate. The slower you pay the loan, the less you pay in real money. Especially when people usually earn more when they advance on their career. Banks are happy to provide these loans, since they're backed by the government. People also rarely leave their students loan unpaid, thanks to the lenient payback plans, bonuses if you graduate on time and the fact that it's much better to owe money to a bank than the government.
Very true . I love that she cares about others that don’t have anything 🔥🙌👏👌🏿🙏🏿
Next video: I'm making 200K in San Francisco and I'm BROKE!
Hahaha!
Lol dwl
I believe you.
ⵉⵜⵔⵓⵏⴰⵓⵜ you need to cut back on expenses if your actually broke... I know several people who live there, make less, and are certainly not broke
Why would I see that happening lmao
I guess we’re all moving to Finland
You need to hurry up, already Iraqis, Syrians and Afghans have moved to Finland.
Foreal wow I'll be an I'm immigrant in that country.
@AC Milan Blog 1899 Channel but yea, unlike most Arabs who are refugees and live off the welfare state, we Indians positively contribute to the culture and economy of the country we move to, also we don't try to impose our culture on the host countries
@AC Milan Blog 1899 Channel you tend to confuse "*most*" with "*all*", you didn't move to another country for a better career ??, Well you are an exception and not the norm
@AC Milan Blog 1899 Channel indians are backward ???, Yes
But the level of backwardness cannot be compared
That’s unheard of in America taking students loans to get your first apartment.... Finland looking better right now. 👀🤔
This guy in London Elijah Oyefeso took he’s student loan and invested it in stocks. Made a fortune.
AC Milan Blog 1899 Channel I might someday. I’m American but I live in Australia (work visa) right now and I stayed in Frankfurt, Germany where my aunt and cousin used to live and also visited Amsterdam, Netherlands and for the whole summer when I was 6 years old back in 2000. But Finland will be on my top destinations to travel to. Mostly more of Europe. ✈️ 🌎 🌍 🌏
universal man I like Europe but I’m a very open minded globally enriched person. I’ll travel anywhere that’s unique and has good food ha
I live in Finland and the tax is so high ur paying for car worth 10k in states here 25k so yeah look it up first
Emil Kemppainen how much tax are you gonna pay on a 48k income?
Americans will be like:
"BUT, BUT, America is the best place in the world!!!
* Cries in student loans, high rent and no social security * "
@NCT illichi Yes, and paid nothing for her education nor for her health. *Keep America great* !!
@@dsolis7532 Well, if she didn't pay, someone else did and they wouldn't be happy about it.
@@RBD1797 no... Is a social system... Everybody pays for education and health. Also the government has way more negotiation power with health suppliers. Imagine a Hospital in the US buying needles, they can try to negotiate the price but it has a limit, the seller can go somewhere else. But when the whole country in the same system the government can make the seller charge less because there is no other option with such a big market. Then it is paid with the taxes if everybody. In my country we also have a social security and I pay $170 in taxes for free health. I have been attended by the best cardiologist of my country... My grand ma has doctors coming to her home because of the social system... With my taxes I'm also paying for that.
@@dsolis7532 I agree with all that. But the government can regulate and maintain only two of cost, quantity and quality. The quality is clearly sacrificed. Why is it that so many Europeans go to the States for medical treatment? If they're getting the same quality in Europe, why would they pay more?
@@dsolis7532 also, if you're paying 170 a month, it's not really free...
Millennial money gets international! That’s amazing! Please cover all countries!
As an american, this makes me extremely depressed lmao
You have one K away from full finnish name. You can blend in here :)
holymacarena fin ayee nice. Well I’m half black so that might change things lol, but nonetheless, I’mma head over😂
@@jesse8488 Jesse is typical common name and Karhu (bear). I wish. Im pale as whitewalker and glow in dark. Winter is coming.
@@jesse8488 Nahh bruh you'll be fine in Finland. I'm half black too and I was born here, there are plenty of Black people and mixed race people here, especially in Helsinki 🙂
i live in the uk
This video is needed because your average Alabama college graduate thinks that USA is the best country ever and rest of the world is starving.
Meanwhile in Finland: you can be a cleaning lady, construction worker or a cashier. And have a nice apartment, travel every year, long paid vacations. All Finland wants from you is that you try your best and thats enough.
Usa could get all the same happiness but unfortunately the billionaires can't let that happen because they need you working two jobs without vacays.
Henkka you are enough to me, honey. You are enough...
@@marcuswijaya2569 I will work for you Marcus just give me those vacays
@frostbite0995 yes it is
HyggeMaster MB KB NV buhj
Do americans really think that? I have heard that there are a lot of poor people compared to rich in america, so I doubt they think their country is the best..
"I think it's really important that I help others." I love that
Creates dating profile, requirements “Finnish citizenship” 😂
LOL! You don't need to marry a local to get citizenship here. Just get a job. There's almost no difference in benefits if you're a citizen or an immigrant. :)
@@jaquilinreston1727 aren't the language requirements a little strict though? and is your comment aimed towards EU citizens?
@@CeruleanAnthracite you need to pass the standardised test and be able to do the interview in Finnish/Swedish. That's about as strict as admission to universities.
@@jaquilinreston1727 i don't think they like migrants.
@@CeruleanAnthracite No, it is not aimed towards eu citizens.
she is a legit human being
Really? I thought she might have been part giraffe.
dude what does that even mean?
I feel what you’re saying
"Legit human being" interesting. How about just a "legit person or individual" until the other "life forms" come through lol!
I really think it is a blessing living in Finland. I live in the countryside of Finland. I work as a practical nurse and on a side I have my own forest farm witch makes me some extra money. As a practical nurse I make about 30K euros yearly (before taxes) and I live nicely in my own house and over 30ha property. On the contrary living on a rural part of Finland means I have to have my own car, distanses are long and shops etc far away. I was 24 when buing my first house/property (without loan, using only savings), witch cost about 70K, so living outside of Helsinki is much cheaper on a way. Now I am 26 years old having two farms, two jobs (practical nurse and entrepreneur) with fiance and a lot of pets. No need for loans, I can save around 500€-2000€ every month. I usually make around 1500€-2500€ after taxes monthly. I really think living in Finland is a blessing, no need to worry about money.
I used to live in Finland for 5 years and it was one of the best times I ever had. I didn’t had much money but I was never struggling or felt like I need that much more because the way Finlands system works was so good. I’m now living in Berlin, earn more money but feel like the city is just taking my energy while in Finland the beautiful nature there helped so much if I was stressed out.
Did you end up leaving? If so, if you don’t mind answering, why? It sounds like an amazing place to live
@@bookkeeper8092 taxes
@@bookkeeper8092 Considering she went Berlin, it's safe to say it's either romance, work or just sense of adventure. Germany is doing really well financially under EU, so there lot's of jobs. Also, it's super easy to move from one EU country to another, so a lot of people end up moving for just about any reason.
@@B1gLupu i think she want to explore different places.
So this is the socialist apolcyptic nation that conservatives keep telling us about...alr then
Edit: I know it isn’t actually socialist that’s just what the right calls it even though it’s more social-dem then socialist
Yup and the tax rates are similar to taxes in the USA. Some lower, some higher but more or less, you'll pay the same. The difference is that they spend their tax money on social programs. The USA spends large sums on government bureaucracy and military.
@AC Milan Blog 1899 Channel Italy is nothing like Finland, so you can't say Europe as a whole is not that bright.
AC Milan Blog 1899 Channel have you ever lived in America?
Nordic countries are quite different to the rest of Europe.
Samuel Shao You have it much better off trust me. If you make over 100K per year you’re already paying 60% tax here. This is not a good country if you want to travel and be financially independent.
This video shows that there is something wrong with United States system. Even if you make 200k(tech hub cities) you can barely keep up with rising prices.
Expectations in the US are way too high, that's why it feels like that. Hollywood brainwashing is a part of it.
This just shows where a countries values are
Well, why don't you try life on a 100K salary in a non-tech hub City?
Swiss Lady Driver Less jobs and non-hub cities pay more like 50k-80k a year.
Bro - what ate you talking about haha
that part about not talking about money pretty much goes for every nordic/germanic country in europe.
Every country in the world, this show is popular because its the only time people get to share how much they earn and spend
Pretty stupid if you ask me
My mother made less than that most of my childhood but she still owned a house and raised me as a single mother. I didn't really feel poor and I had the same opportunities as anyone else. I'm now in univerity living in one of Finland's biggest cities. I have a decent student apartment in the city centre and I only have to take out my loan on summer breaks to pay for my apartment and haven't gotten paid from my summer job yet.
I'm greatful for being born in Finland, more sun hours wouldn't hurt tho 😅
I really really really liked this episode ! refreshing and interesting
I find it funny how all Americans can't get over the fact that university is free in Finnland. Hope they don't find out that that's the case in whole Europe. They probably couldn't handle that... 😬
David Korn are you dumb? University isn’t free in every European country.
@@pastelpepe in most of them it is.
moonbeeps He said WHOLE EUROPE. Had he said most, I would not have commented.
@@pastelpepe Its a way of speaking, no need to call someone dumb. And I hope you're not american cause that would be hella funny you talking about intelligence xD
moonbeeps It’s funny you act as if you’re Einstein when you have the reading comprehension of a toddler and can’t distinguish between “most” and “whole.” I’m American and proud of it. I’d hate to share the same nationality of someone as stupid as you.
Really shows how much farther money goes in other countries! Wish we could live that comfortable in America on 48k a year.. (Also really wonder what Graham is going to say!)
That income is poverty in NYC
Who is Graham?
@@aasimmukhtar7752 Graham Stephan
Depends where you live
@AC Milan Blog 1899 Channel when was this?
Awesome! My great grandparents emigrated from Finland at the turn of last century. If they could see how great Finland has become I bet they would have moved back.
I know, people here back then were unfortunately poor. You can always come back, you're all welcome.
@31 03 dw guys finland is great with the exception of people like this guy
@@jaquilinreston1727 it's great how u can improve your nation well within a couple of years
Student loan payment : $67, Healthcare : $11! Americans gonna go crazy on this 😅😅
Whats her tax rate?
@@jsebby2284 A little over 40%
@@linwilllogan yikes haha
67% based on the tax calculator offered by Finnish broadcast company. yle.fi/uutiset/3-9843545
I'm American and I pay $0 for my healthcare. lol
Trying to figure out why I still live in America. I need that .33% student loan.
You only get a very small amount of that loan money in Finland, not comparable to what you take as student loan in USA.
if you want to go into nursing or something distinct, there are many universities in europe that are free. i was helping my friend find a college in europe for her daughter. blew me away.
Maximum amount of student loan is $770/month in Finland or $947/month for a Finnish student who studies abroad. In addition they get also housing benefit which is 80% of rent and stipend which is at max $419/month.
Because you'll make more money and pay less taxes
thanks for sponsoring a child from my home country. I was in Finland 2 months ago, lovely country, much like Canada
I am from Pakistan. I came to Finland to attain my Master's education here, worked at McDonald's part time. Now I work in Nokia. BTW, education was free.
Debt, who?? Loan, what?
Free for foreigners?
@@emaan51 Yes, when I studied, it was free of cost. Now they have implemented some tuition fees. However, subsequently scholarship grants are also available for foreign students.
Welcome to Scandinavia folks, where you can live a pretty decent life for under 50k/year.
Karl Karrlander I’m pretty sure there’s a lot of people who don’t work yet get handed everything to them by the government lol
@@diamondsfurez7456 yeah 6-15k a year to rats who dont work. Im from finland and this system sucks. It only works with small country like us and will die in 10years or so cuz it will literally costs way too much money cuz globalist commies want everyone here. One immigrant costs 700k to finland. It is very hard for hard working people here. No wonder why our conservative parties are now with +20% of all votes showing in polls and leftists parties barely with 10% and the party that won election year ago has 14% something. They are corrupt asf
lemme say 50k a year pay here in finland is BIG. Normal workers or blue collar guys make around 20k-36k a year. Not so good coming from a mechanic.
J0lel in what world does it cost $700k to support one person's life? lmao. if youre going to go off on an anti-immigrant tirade, at least make up a believable number.
@@cerebrumexcrement It's believable and has happened alot in my country Sweden too, we are rub by virtue signaling leftist globalists who invite millions of middle eastern and african immigrants to replace us, in one case the government bought a house to a muslim man and his family of 10 or something for like 1 million dollars.
I want to see Millenial Money Cameroon
I am very surprised to see your comment here.
Lmao u live there?
LOL for a second, I thought the first few seconds of the baby clip was from an ad LOL :D
I do think she lives in the paradise,cuz health care is free and education is free
Ken Yup They are defineatly not free. Just paid for in taxes. If you are succsesful you would be much better off paying higher health insurance in the us than paying taxes here.
MrPotato I disagree. Highest tax bracket in Finland is 31%. Even if you have a higher sales tax rate. You probably even out because of the higher individual tax rate in the U.S. Also you are provided healthcare and education as part of your tax structure
@@eamcbmsc there is also municipal tax which is 17%-22.5% depending on town you live in.
MartianPig same in the u.s. Most people have to pay state and city tax and in states like Ny and Ca that can be an additional 10-15% 😀. NYC Alone is like 7% not even counting NY state tax. So it still isn’t much different. Thanks for letting me know though!
@@eamcbmsc nice cherry picking.
NYC is the only city I know of with a city income tax.
And you only chose the two highest state income states of NY and CA.
How about florida or Texas where there is no city or state income tax.
How about colorado where it is more like 5%?
They have higher average taxes if you combing city and general income tax, and let's not forget that high VAT
Do one in the UK, let's see what Graham has to say when he sees how low the salaries are and how expensive real estate is
can i ask why is everone talking about graham, graham stephan i guess? what did he say about finland :hmm:
@@llssneN: Basically he said that he doesn't know enough to comment.
It would be great to see more videos like this. Even abroad in African nations, Asian nations, islands, and Latin America and Europe. It would be very educational to learn about the quality of life available with standard American incomes.
Just looking at the streets they showed us I immediately felt like home. It's just such a European look, you can see the difference between the states and Europe instantly
Its not everywhere like this in Europe. Finnland is a very postive example but go to migrant flooded countrys like Germany or France and you will see the other side of Europe 😅
@@chaddy2409 what about it? Please tell me what's so terrible in say Germany right now
@@chaddy2409 there's also migrants in Finnland
@@redunicorn7760 There's nothing wrong, that person is just trying to hate on Europe. I've been there (im from Belgium) a lot of times and they are absolutely beautiful. All cities are different, so it depends on what you like.
@@sweetlemonade6925 I loved their comment because I am German. K live in one of the five biggest cities so please do tell lmao
As a college student / millenial who lives in North America and works part-time on a partial scholarship, this is the life I actually want (simple, comfortable and full of close relationships). Not being forced to live at home due to crazy real estate prices. Made me question whether I actually want the capitalist corporate life that is glamorized in the media.
I am wayyyyy too excited that Millennial Money and thus the Graham Stephan Show is going international ✈️
Finally cases outside America! I love it!
$11 for health insurance and getting government help for child care. That’s it I’m packing my bags and moving to Finland 🇫🇮 and the generous maternity leave is amazing!!
I love how happy their child is❤️
This is a great example of a sensible and pretty well-planned family with 2 incomes and only 1 kid, in the capital city where services make life more convenient (you can live without a car and plenty of housing options) and there are plenty of jobs available.
However if you're not a native Finn, it would be a totally different story.
The cultural barrier is high. Finland is a small country with a small population. The sense of community is strong, the language is EXTREMELY difficult to learn. You will probably find difficulty in finding a job, or to rent/buy an apartment. Starting next year 2020, people with a passport outside of the EU need to apply for a license to buy house in Finland, for example.
Secondly, the economy is not doing well, and it's a small economy to begin with. Government has been cutting budget in many places and social security has been compromised to a certain degree ever since. Salary is stalled, tax is still high, public health care is slow and definitely sub-bar compared to private (with all the high tax and you still have to go to private clinic).
So just to be clear, I am not bashing Finland but as you all know, there is no such thing as a free lunch, there is always a catch.
Now I understand the study that concluded that the happiest peoples were the peoples of Scandinavia including Finland.
This is useful, CNBC should be doing these in all countries, China, Japan, etc etc.
Graham going international!
Suomi mainittu TORILLE and HI Graham =D
I appreciate that you guys also make videos from other part of the countries.
Brags about maternity leave in Finland with 3 months paid salary! In Estonia we get 18 months with 100% salary!
lower salary.
Yes, but your salary is about 150% lower.
@Kilo Byte Estonia is actually a pretty nice place, people usually dismiss it because it's in Eastern Europe, but it's almost as advanced as some Nordic countries(Tbf it's also quite north)
Any chance we get one of these done in an African country too? Would be a great comparison.
@Eddie H. Xiao Not really in most African countries middle class income is at about 500$ a month or above
@Eddie H. Xiao I said middle class and ok i'm in Ethiopia now and i'm speaking for my country(The capital city) where its unacceptable if you graduate and earn less than $200/month. It'll be higher for special doctors engineers and businessmen, i'm not fully sure about Nigeria. And even in Nigeria I'm sure Lagos or Abuja cities have higher wealth middle class than the whole country. There is always wealth inequality
@Eddie H. Xiao One more point. You can live very comfortably with a wife and a family and an income of 10000 birr a month around $300 Light water school ...Can you imagine if we paid for rent and utilities like in the USA? that's impossible.
This whole video made me smile. Especially the part where you talk about Mexico 🇲🇽 made my Latina heart happy. I wish the US made it easier for families to live a middle class life.
These videos about Scandinavian or Nordic countries are great but there is one important thing.
The systems is made in a special way where citizens are prioritised. Many people watching videos think that anyone can come here to live.
In reality many foreigners living there face a lot of psychological hardships. So we can only admire the lifestyle and opportunities of Nordic countries, but not everyone can get a good stable life there, only the citizens.
I'm not a citizen yet and have enjoyed all the benefits that any citizen has for 12 years. The only thing I can't do is vote for President.
Her $48,000 is like $80,000+ relative to her cost of living. School is free, childcare is subsidized, medical care is free and the government helps you pay for the house.
I made triple that and my annual expenses exceed double + due to taxes, high medical cost, student loans, mortgage etc.
*Nice to see a mother profiled!*
I can feel Grahams excitement
wow! it's not easy to see a video on UA-cam or any social media channels nowadays that give an honest view of a certain topic! I'm also living in Helsinki, Finland and I can certify her statements! Look forward to seeing more insights from other countries :)
FOR GRAHAM: I study economics and finance for free here in Finland in a university. I'm going to take all student loans that I can get which is over $30 000 and invest them for long term profit. The interest will be around 0.33-0.5% first year so it's basically free money right now. We have to start paying the loans within 3 years of working after university so when I start paying my student loans it's been around 8 years since I took them.
I can't wait to see Graham's reaction. It will be cool to hear his take
48000$ in Kenya you will live like a king
vikali tukos exactly. It’s crazy 😂
And a target
Something important to note is the education in Finland is the best in Europe. Kids grow up being independent, thoughtful, highly intelligent adults. All my Finnish friends enjoy the little things in life and are team players. They’re goal as a society !!
Interest rate 0.33 GEEZUS! Let's all move there ;)
The amount of that loan you can withdraw is very small, wouldn't put my hopes on it
Wow! She is living a great life. That is awesome! 😀
Finland sounds like a dream ❤️. Love how the government takes care of the lower rung of society.
Yes!!! Please do more episodes with people on different countries
Very nice family and Finland looks perfect 👌 abaut helping others it is just owesome, God bless from new youk
Can you do an episode in Seattle Washington?
Momo lol that will be disappointing after seeing this video.
Perhaps the lifestyle of other countries might be a better model to follow. Nice family that Finland helps out a lot. A reason to move
I've watched close to 10 of these, with the majority of CNBC's episodes being in American cities all throughout the United States.
This one made me LMAO.
the average yearly pay for the profession im going to be studying for is around 12k-14k. she is living quite comfortably
Millä alalla tienaa vaan tonnin kuussa? Hesen kassallakin saa enemmän.
@@cadaver6665 hevonpaskaa lappamassa. oon ollut hesen kassalla myöskin ja olihan se kannattavampaa rahallisesti mutta rakkaudesta lajiin ig
A beautiful life.
*cries in American*
If only the entire world could be like Finland and everyone could be like this beautiful lady who even with her own family and expenses takes the time to still donate to a child in Africa What a Wonderful World this would be. I'm speaking for myself as well. I pledge to do better.
I think I might be addicted to these types of videos.
I'm actually jealous. Plus she's speaking in her second language which is super impressive.
English isn't a 2nd language in Finland. Swedish is. English is just an extra 3rd language that is taught at schools.
@@SapphireThunder what? you should see how in US, how us Americans "learn" a 2nd language.. its pretty bad...
@@SapphireThunder She was referring to HER second language, not the country's 2nd language. But yes, English is her third language. She learned French before that. ;)
so this is what a civilized country looks like, where life has value.
I guessed she worked in marketing before I even watched this video. It seems like well over half of all millennials work in marketing or sales!
Dumping those ads on youtube lol
On my way! TO FINLAND
Wauw how amazing! She looks soo happy . They’re system is truly the best. Why cant the US get on this level 😭
Graham Stephan: "Finnish gov't subsidized ice coffee"
14% VAT on that iced coffee.
I studied one semester in Finland and it was awesome. The university was so much better than in my home country and it was for free. Amazing
Milennial Money gone International, keep it coming. I liked how it can give new ideas and perspective to look at money depending on the Government of the country especially for Millennials.
Wow people here in the U.S. are complaining that they cant live off of 48k in a similar place. All I see is much better financial skills than most people in the United States.
People in the U.S.: 48k
Eat outside daily, loves to party, buys a 20k car, rents and has several subscriptions...basically lives above what they can afford.
I don't know is it so well known fact in USA but here in rest of the world it is common knowledge that USA's credit culture is what destroys the lives of the people.
Next please: Live in Russia- 5000$ / year
Or in Portugal. The minimum wage in Portugal is like 600 euros a month.
@@joanaborges9450 at one point in my life i was living off like 500euros month... With rent of 440euros.
Already live here and happy about it🇫🇮😚
@jay cee bruh
Daniela hAHAHAHAHAHAHAHAH
Luka 16102017 okei
Daniela laughed because of that guy..
I'm from Bulgaria . I'm an engineer. I have two children and we survive on $ 10,000 a year.
I think the reporting misreported 4 ROOMS as 4 BEDROOMS. In Finland apartments are listed in total square metres, number of rooms, plus extras such as balcony, sauna, etc. Rooms include living room and bedrooms. So in this case it is much more likely the apartment had 3 bedrooms. I mention it because it makes a big difference to cost.
Christian Jull Nope. The report is accurate. We have four bedrooms PLUS the living room. ;)
@@DukeMcDonald Ok, thanks for clarifying :)
U see americans? a little bit of socialism doesn’t harm people, it helps them. In the netherlands, it’s quite similar. (it’s where i live)
What socialism? This kind of dicotomy of capitalism and socialism is misleading and too simplistic.
RanEncounter Paid through pregnancy plan. Good healthcare. Good education. Good oppertunities if ur not a millionaire. It’s not that hard to figure out that if people get enough chances, it improves the overral wellbeing of a country.
@@DarthOpinion And none of those are socialism. Seriously. Do you even know what socialism is? Finland, Sweden, Norway and Denmark are all capitalist countries. Just because we have a functional social safety network, it does not in any way shape or form mean socialism.
Socialism described by Marx is a society where the means of production are in the hands of the workers. Nordic countries are capitalist economies with social democratic policies. Those policies are the ones you just described eg. Healthcare, education etc
@@RanEncounter According to Americans, any form of gov't intervention is socialism. They are not too far off though. Nordic countries are anything but capitalist. At best, they are hybrid.
Something that surprises me about Americans is their unwillingness to seek better conditions. It is standard in the US to attend the best university that has accepted you which usually involves moving hundreds if not thousands of miles, but when the idea of going overseas for those same studies with fewer costs comes up, young people don't really even consider it. I'm Estonian myself (80 kilometers south of Finland across the gulf) and just started an English-based masters programme for Quantitative Economics where within the last 3 years, our curriculum has had just 1 US student. I'm assuming that when Sanders or Warren wins the election, people won't really have an incentive to go abroad, but for now this "analysis" if we can call it that holds true, atleast in my opinion.
That's because education in the US for many is not an investment in your future. It is simply a consumable product and kids are looking for the most "fun" university that has "brand" recognition in their social circles.
That explains why they choose high cost, financially impractical school options.
@@loveflying4488 exactly, it's about having that "college experience"
I agree. Around $70k is where things changed - responsibilities went way up but I hated my job way less too.
I make only $30k a year but I have no kids and I live alone and personally I think I'm doing pretty well in Finland. I'm even able to save around $350/month because my lifestyle isn't that expensive. I spend money occasionally to video games, car audio and computers and my latest purchase was a 200hp sport(ish) car with 0-100 in 7.5 seconds. I'm living in a small 2-room apartment 3km (1.86 miles) from town centre and my workplace where I fix computers for living.
Can you come to Amsterdam as well? Would love to hear Grahams thoughts on my millennial money @CNBC
4K a month.. that’s pretty good
She earns 48k before taxes. After taxes incomes are something between 36-40k