Asking New Yorkers How They Afford Living In NYC | NYC Street Interviews
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- Опубліковано 5 чер 2024
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Welcome Back! New York City has the highest cost of living in the world, how do New Yorkers save and invest their money? In this video, we find out how New Yorkers manage their money.
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► Timestamps
0:00 - Intro
0:45 - Fatima & Fritz
3:21 - Taya
4:38 - Charles
6:53 - Sponsorship
7:37 - Tenzen
8:46 - Brittany
10:10 - Delia
BUSINESS INQUIRIES
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THIS VIDEO IS SPONSORED
#nyc #personalfinance #financialfreedom
This was my first time trying this format! Let me know if you liked it and where I should go next to ask these questions?
What an interesting idea you had to do this! I really enjoyed it. I don’t personally know the NYC area well enough to suggest the next location. Maybe Bryant Park?
Lol. The lady in the polka dots....😅
I enjoyed this format. Especially the investment banker. He was honest about luck playing a major factor in his success. I liked that he was also sincere about his children and how precious time is I appreciated that. Keep going girl !!!
I really enjoyed this format, and I am pretty sure others will like it as well!
Make it a weekly thing.
I love that Charles, the retired investment banker, was very clear that his first job was luck! So many folks just say "hard work" without acknowledging that it's hard work in the context of luck or generational wealth/connections
Luck is the biggest factor! But of course hard work can improve your luck :)
so don't invest in your education, count on luck. it worked for him.
@@jones2277 haha but ONLY if you live in a place like NYC or SF? (It worked for dude in the Pursuit of Happyness too.) Hustle + LOCATION makes a big difference.
@@BearingMySeoul right. i will tell the goons hanging on the corner to just hang out and wait for their luck to strike while doing what they love the most (selling dope).
@@jones2277 Everyone can do whatever they want of course, but I never said anything about doing what you love. I haven't "loved" any of my recent jobs but I've begun to love these paychecks! It's 2023, everybody has the internet. Figure out something you're good at, find out what part of that makes the most money, and google how to get into it. Or do it old school and ask people face to face. It took me a lot of humility to retrain from a teacher to working in tech in my 30s but thank God I made it. ☮
I notice he says “don’t go to school” (school being college) and then goes on to say that he went to school to get his job at Investment Banking lol
But that would have been in the 80's or 90's where one Bachelor's degree allowed you to make enough money to sustain all your needs.
That's simply not the case now, especially in NY
I understand that, but there are certain professions where you do need to go to school. So to make a blanket statement of “don’t go to school” isn’t useful or productive.
Good luck trying to become an investment banker, lawyer, or doctor by following his advice of “not going to school”
@@zucchinigreen The issue is that many places want someone with a degree even if it's not necessary
Yeah exactly a lot of careers still expect you to have a degree so that advice is a bit pointless
Only go to school for a STEM degree.
That first white man said alot about thinking we have to spend money. I was about to order from kung fu tea and drive 20 mins each way to pick it up. But i have food at home so thank you sir
lol but kung fu tea is so good! Jk, definitely worth it to save the money :)
Yeah but that’s only for people who have the extra income to NOT spend. Most people are living paycheck to paycheck. So what he said doesn’t even apply to the masses.
I think it can in some aspects. Often, people who live paycheck to paycheck, have and use credit cards, which gives the feeling of having “extra money”; then end up buying things they feel they need or to “treat” themselves, like Starbucks etc.
Ended up ordering my Kung Fu Tea. Uber was offering free delivery and 60% off my order if i rejoined the app. So i rejoined LOL
Atleast saved 40 minutes worth of my gas, and motor risk-free
@Tanisha i can empathize. Ive been paycheck to paycheck many times before. Also im on unemployment right now.
Nevertheless, each person only has the power to apply the advice to their life.
“Don’t waste your money on school!”
“So how’d you get started in your career and obtain success”
“Oh I did really well in school”
His advise is still relevant though. Times have changed since he was young.
This 👆🏿
I'm guessing back when he went to college, tuition cost was actually affordable for the average family.
Back then college and uni were almost for free. You also only needed a basic degree as long as you could prove you had the thinking capacity or certain skills you’d get somewhere and they would hire you. The rest would come during on the job training.
Nowadays it’ll cost you a fortune, it will endenture you for life and there really isn’t a guarantee to get a job that pays the bills. Let alone your debt
I cringe a little when people advise that going to school is a waste of time. Right now there is a HUGE shortage of doctors (especially psychiatrist), nurses, therapist and healthcare professionals in general. I’m pretty sure when you are on the brink of death you wouldnt hope for someone with a only a high school diploma or lack there of to perform surgery on you! Not all degrees are a waste of time! Just encourage people to choose wisely on what degree to pursue and to make good grades that will qualify them for scholarships!
last time i checked, it took years to be a doctor and also required a substantial amount of money unless you got scholarships (super rare and limited in quantity and you gotta sacrifice life to get those), its not as straight as you think it is, a far better choice is getting in the tech industry.
I like this format but I like the topic even more. We're always bombarded with Wall Street and billionaires living in NYC. We need to know how does the average New Yorker who does not make over $1 million live in the City.
True I wanted to interview as many different types of people as possible
I enjoyed this format Bukola, trying something new is always uncomfortable. But you nailed it! 👌
Thank you!! It was definitely a little nerve wracking to go up to strangers!
What the lady said about generational wealth was very important. Its so much harder when you don’t have that kind of help and have to struggle alone. It’s not impossible it just may take a little longer to get where you want to be. The fact that she has support but loves what she does making minimum wage is very interesting.
She was real for saying that! A lot of people in NYC depend on their parents, there's no shame in that!
@@Bukola1 That was so real. I liked how she pointed that out and yes there’s no shame in that! I definitely wish that was my situation. I’d probably be able to do what I love more too! ❤️
the part of take advantage of people is weird, but definitely generational wealth. i thank God for my parents
Agreed. My generation was at a tipping point, but you can clearly see the differences now my friends have all turned 40.
The haves and the have nots. Those who are well of generally have generational wealth or a partner with a good job as well.
Those who aren’t well off come from lower class. I hate that word actually
Lol omg the first two people u interviewed were so funny. Dont pay for the train, look in the trash for clothing, dont eat lmaooo. 😂😂😂😂😂😂😂
Generational wealth. Got it. Let me be reborn again to a wealthier family. 😂
This is the way
You seem happy and confident making content and being your own boss full-time. I love it!
This gap from work has been really nice! I'm getting to create every video idea I have
i disagree - college opens many doors esp for first generation. he says dont go to college but without a degree you cant get a job in investment banking. apply for merit and financial scholarships, do paid internships that boost your resume and teach you something, and choose your degree wisely
Omg love this! So many interesting people! The first two were hilarious! loved the man on the bench and the classically trained ballerina going to college in her thirties. And loved that the last two people admitted how much generational wealth has helped them. Well done on getting out there Bukola and thanks for the video 🙌🏾
Pretty sure she is going to B-school, not college. Her shirt says Booth School of Business. But yeah, it's still challenging to go back to school in your 30s.
About the College Topic, it is an investment and your DEGREE is going to be the differentiating factor. Getting a degree in arts, social studies is a big no vs a STEM degree can provide a good ROI.
Gosh, if only parents didn't over hype degrees to millennials. I paid under 15k for a bachelor degree in Canada. I still feel like it was a waste of time and money based on where I am now. Expensive lessons learned.
To be fair, 15k for a college degree in Canada is a steal compared to the US because 15k tends to be the price for one college school year at a public university
Same
Shout out to parents that set their kids up for a bright future.
You know the banker is a smart guy just because his interview was so natural and captivating. If you can tell good stories and connect with people immediately, you generally do well in life financially.
I can’t afford the subway but I go to NYU which has a tuition of $56,000 a year.
They might be on scholarship or have students loans! You never know someone’s financial situation
I was honestly shocked to see someone with such a thrifty mindset going to such an overpriced institution for their degree. I hope they have grants/scholarships.
This was very helpful! As someone who works in assurance, specifically in Employee Benefit Plans, our generation tends to avoid talk about retirement or money in general. Start early and match your employers match if you can. What people don’t realize is that you can take a loan out on these retirement plans as well for different reasons (i.e., purchasing a residential property, hardships, etc.). You really won’t remember that money is there. Your 60-70 year old self will thank yourself that you did.
Love this kind of content! Keep it up Bukola!
You are right. I should have begun employer matching early but I did eventually. Good thing too. I had to take a severance 5 yrs ago and after reviewing, realized it was a blessing in disguise because I was able to retire early. 😊
Mad respect to that investor for admitting straight up that although he worked hard, a nontrivial part is luck. Best investment was his kids. What a grounded humble dude.
This was dope Bukola. Do more! We want more! 😂
Yay I want to do more videos like this! But waiting to see how well this video does before making more
The retired financial broker is my favorite out of them all. He spoke some serious truths about college degrees that we’re unfortunately seeing the result of presently. There are new ways to be successful without a degree and I love that he promotes thinking outside of the box when it comes to the standard a lot of us have been taught which is the college route to success.
I promise you every single one of his children when to a great university. We have to be honest people are not choosing the right majors. We need to Major in STEM fields, Engineering, Computer Science, Nursing, actual fields that have a high demand. A lot of people are majoring in communications, liberal arts, history, literature, fashion, etc.
@@heyjude8871 I agree
Agreed
@@heyjude8871 I agree. One advice that helped me back in college was to learn a high-income skill.
Excellent! The older gentleman had a lot of wisdom
Thanks for commenting!
Love this video, Bukola!!! You are natural. I couldn’t tell this is your first time street interviewing people.
That’s so sweet 🥲 Thank you Sundas ❤️❤️
I live in nyc and am telling you. only live in an expensive place if you the money you save is more than otherwhere else, I calculated that before moving here, than you can truly have a great time
Such great advice in this video. Awesome work!
This was a really great (and honest) cross-section of people!
It literally shows what I love best about NYC: The variety of people and the exchange of information and ideas that flows so freely there.
These were great. I love the variety. Nice job 👌🏾
The honesty from New Yorkers in this video is so refreshing!
This was calm, wonderful and so insightful. You took time for the answers and did not rush it. Loved the audio in the background, great editing!
Loveee this kind of content! especially hearing the perspective of different types of people from different walks of life!
Thank you! Yes that was my goal to get a wide range of different types of people
That was a great video. Thank you for doing it!
Maybe my observation is wrong, but I've noticed that elite universities/colleges open doors irrespective of major. A person can major in egg painting, yet get jobs in technical *sounding* roles like that young lady.
This is amazing content, Bukola. Very insightful. Please make more of these. Thanks.
Love this! Do more of it!
Loved the video!
Love these personal finance videos!
Thank you for doing this @Bukola. I’ve learned so much.
Great video, Bukola
This is amazing! You're a great interviewer👏
You produce such great content. Keep up the good work.
Thank you! I work hard on these videos, so I appreciate it :)
This is so good!! Enjoyed every minute!
Awesome! Thanks for watching!
Nice video keep going bukola
Love this video 😊 very interesting and informative
I love this kind of video. Please do more like this!
Awesome! I enjoyed making so if this does well, I’ll make more
Enjoyed the vid. Thank you for doing it.
Do more of these please. Loved it
Well done for trying a new format!! Great video 🎉🎉🎉
Thanks!
Oh! I love this new style of content! I have been seeing it a lot on TikTok! Interviewing people off the street!
Yes it was inspired by street interviews I’ve seen on Tiktok & UA-cam!
Love this video! Another !!!
Always nice when you upload new videos
Aww that makes me happy to hear! thanks for your support
This was great! Thank you for sharing!
This is was insightful, so yes please, do more money interviews 🙌
I’ve been hoping for a video like this! Well done friend 👏🏾
Thanks!!
That was a great video. I will be moving to NYC in a couple weeks from North Carolina. Just an idea you should do a video specifically on money saving tips & tricks for daily living. I would be interested to learn how native New Yorkers handle daily expenses like groceries, laundry, metro expenses, utilities, etc. Especially with the rising cost of rent. Thanks!! Love your channel!! 😊
Loved the video and Charles' advice.
I'm grateful he was ok being in the video!
I loved this. So chill ❤
I love the format! ❤
Thanks 🙏🏿
Great concept for a video! 🎉
Thanks 🙌🏿🙌🏿
Informational guide to the importance of saving video. Love your confidence in the process of interviewing people.
Loved it! Do more, please and thank you!
Awesome if this video does well! I'll do more :)
Bukola! This is amazing. More of this please. The “worst investment/financial mistake” question was heavy!
Awesome! I plan to make more of this series does well
This video was such a gem.💞
I really enjoyed this! I deff wanna see this possibly be a series on ur channel 🤓
Me too! But let's see what if other subscribers like this content
This was dope.
This was cool to watch! Definitely do more of these. Perhaps in NJ.
Yay glad you enjoyed it!
Good work Bukola, I'm really enjoying this, it's fascinating to hear other points of views straight from the streets! 😊🧡😊⭐👏💯
Thank you!
I loved this!
🙌🏾🙌🏾🙌🏾
this is so timely!! I've been watching your channel since you appeared on CNBC and now heading to NYC to intern for a tech company. I'm a bit scared about the cost of living in NYC since it's so expensive but what better time to experience NY for the first time than an internship!!!!😄 Great work!
Great video!
I highly enjoy the people you interviewed, it’s more relatable for me.
This is a great video ❤
Love this! My favorite was Charles. He spoke many truths.
Didn't expect this but was refreshing!
Thank you! And I appreciate you commenting
That was fun to watch you should do more of these voxpop videos! On a side note, you should never let your guests hold your mic, you could potentially lose control of the interview. Holding the mic lets u be in charge, dont give your power away. Learned this from Wendy Williams ;) keep up the good work!
Thanks for the tip! You can say many things about Wendy Williams but you can’t say she didn’t know how to give an entertaining interview
So interesting listening to how people spend and save, great channel! new subscriber here! Well done.
Thank you ❤❤❤
This was a really good video
Keep going you did great!
Thanks 🙏🏿
loving the street interview series!! perhaps ask new yorkers one thing they love and hate about the city?
Great video.
Loved this! The two at the end who spoke on generational wealth really bring up a topic that does make most people with generational wealth, uncomfortable.
Bukola, Omo wa. Keep growing ❤
Thank you!
Charles was dropping gems
This was great!
Love hearing from the different perspectives from people at different stages in life.
Also really appreciate the transparency from the young guy and girl who owned up to their generational wealth privileges, that was great.
And while I don't agree with all the answers, everybody shared something useful and worth pondering.
Now to figure out how to get my 40 year old body to jump the turnstile 😅.
Kidding! There's actually a great movie about that and how immigrants can't really get away with that.
It's called "The Visitor".
Where are you? We need more vids like yours and so happy to have found your channel. 🎉
4:26 Only party with people you can make money with . Major Key alert 🔑
Idk if I agree with that part lol
What does making $$ have to do with partying? This generation is so weird.
Loved the lady that said she comes from generational wealth, not the whole generational wealth thing, but the fact that she is honest abt it
I love this new format and looking in the trash girl😂. Well done!
I really liked this video
Thank you!
MOAR!!
this was great. I surprised to didnt have a bunch of random trolls or jerks mess with you guys.
Yeah I’m grateful everyone we interviewed was willing to share their perspective
The first girl, I laughed out loud when you had to put the “the following comments are comedic…” 😭
GOOD JOB 👍
Ya don’t listen to Charles. He is from a different world/era. Also I’m not even gonna mention how race played a factor back then. Yes find something that drives you and then go to school for it.
I still think getting a college degree is worth it! I've interviewed a few people in my Dev Stories series who've been succesful without a degree but I still believe a degree is worth getting
But I think Charles is speaking to the fact that degrees in US right now can be six figures for a Bachelors Degree(4 years)! Which is crazy
@@Bukola1 I guess it all depends on where you are in life because I definitely wouldn’t be making the money I make now without my degree.
i was editing video for my client and now seen same type of video lol 😂.
Best investment we ever made was buying a coffee machine. Cost us 1,000$; but we save ten times that much per year 😂
When I lived in nyc my partner and I afforded living in the city by having family friends that rented out their attic to us in queens. $1000 rent 🙌. It definitely was a privilege to know someone who had this space available when we were looking to move to a new city. #southozonepark #queens
Yes for rakuten am in Jamaica and i use it with my credit card.when am back in the us gonna get a us bank account to use it more😊
Went to college. Majored in IT. Came out with 19k in student loans (CC & University). Make well over six figures a year. Folks should really stop with the whole "college isn't worth it" shit. BLS website has been around since I was in high school in the mid-late 2000s. Do your research, folks.