Living On $32K A Year In Spokane, Washington | Millennial Money
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- Опубліковано 22 тра 2024
- Graham Zickefoose, 26, lives in Spokane, Washington and earns $32,000 a year as a graduate student at Eastern Washington University. Graham is pursuing a master's degree in urban and regional planning and is expected to graduate in the spring of 2023. He has a part time job as a city planning assistant at the city hall offices in Spokane. This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.
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Living On $32,000 A Year In Spokane, Washington | Millennial Money
What's your budget breakdown? We're looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money: cnb.cx/32TYZ2K
A degree, a car, supportive parents, a loving girlfriend, this guys living the dream..god bless him 💯👏
Very well-done video! This is a realistic story on living on $32k a year. I get so sick of the videos showing people saving thousands a month and it turns out they get money from their rich parents all the time.
It was nice to see someone with a budget similar to mine
Yep. I see these so called easy life videos, where people work very little. I guarantee they have daddy's money/grandma trust fund supporting them.
Thanks for this opportunity, CNBC Make It! Really enjoyed being featured!
Graham, are you excited for Graham to watch this? 😅
@@EconomicCockroach Lol I figure there's a good chance he might
Thanks~~~~
you got bright future ahead of you young man!!!
Very good inspirational story. Best to you! Spokane is awesome here, but I've found it difficult to get ahead here. It can be done though.
Finally someone that has a relatable income.
But not relatable expenses
I love seeing more "regular" income earners, the making 750k types are interesting and all but I want to see what normal Americans are doing with their money
I COMPLETELY AGREE
For sure. When you get a car passed down to you, I think that qualifies as being normal because of the costs of living being what they are, every bit can help. I do not think it is fair when people ask how much you paid for a car as a way of trying to decipher what your income is also.
yeah because none of you aim to go back 60k if even in the country. you guys are comfortable in borderline poverty under this inflation.
@@yourfavpersuasion9385 and your solution is...🧐
These are the relatable ones
Love the variety of doing a student whose motivated and responsible with money.
26 years old. Youngest of the millennials. Time flies
25 here, Oldest of the gen Z. I don't know about you but I get along better with guys younger then me , older ones give me the impression they always busy and don't want to talk about their struggles, younger ones do - always wonder if it has to do with being gen z or millennial .
@@sebastiancorrales yep gen z definitely likes to cry about everything
Idk man , I respect both but IMO gen Z has more potential because they into Investing, mental health, life purpose, self care and they younger-they got more room to F up and recover. Lots of millennials are deep in det gave up on self improvement. In the end gen doesn't define you.
@@sebastiancorrales 24 y/o Gen Z here, 1000% agree! I've had many similar experiences.
Still waiting for the extended version where I get my personal shoutout as a great roommate…
Either way good looks Graham! Y’all in the comments be nice to the guy I share a basement with🤣
Tell your roomy LOVED HIS EPISODE! & I love that he tithes, haven’t come across an episode that includes this in their budgeting. Ive been tithing for years & have reaped the benefits of it, wholeheartedly. This is how EVERYONE needs to do their budgeting, hats off to your boy! 👏🏼👏🏼👏🏼👏🏼
@@MellyC1207 yes, love throwing away money to religion, the ultimate grift
@@awb19892 I laughed so hard when I read “reaped the benefits of it”. Yeah ok…🤣
This young man has his stuff together. His future is bright.
City planners represent! I’m from Bay Area. It’s such a fulfilling line of work that will always be needed. Also glad you show example of tithing.
Finally a regular person that most can identify with, not some exceptional high earner
Omg I hope most CANNOT identify with making 32K, that is nothing!!!😰
@@lorrainea.285 most can actually 😢
“19 year old living off 150k in Nashville” lmao
@@lorrainea.285 Yeah - I hate to say it but 32k/yr is low-income territory. This guy gets a pass since he's in school still, but a self-sufficient adult should ideally be earning vastly higher.
Most constrction workers earn much more than that and with smart money managing could easliy be wealthy
I’m from Spokane , and 32-35 is normal here or “average” also really good jobs . I’m a mail man and making around 65 k this year bottom of the pay scale .
Well done buddy! 32k while being a student is amazing! We shall watch your career with great interest!
Good for you, brother! All the best. Sending positive vibes
What an amazing story. Humble , motivated , and not afraid to share what he believes in. I would wish you luck but you don’t need it when you have your drive.
Sometimes i wanna be on this show just to see what people would say
CNBC there's a mistake, this guy isn't making $320,000 a year!
Lol I wish
@@grahamzickefoose8524 Don’t we all? 😊
@@grahamzickefoose8524 🤣🤣🤣
This channel is lying
Ahhh when I learned math, years ago mind you.
The K in 32 k, means thousand.
Is this the New Math ?
Cool video and appreciate the gorgeous shots of Spokane. As a Spokane transplant, I appreciate the city planners and all that makes this city so gorgeous
I LOVE seeing someone tithe. It’s very rarely mentioned on UA-cam. It shows his foundation which is awesome
The 2004 car is fully paid off. Phew, you'd hope so!
His dad gave him car for free
So impressed! Even more impressive he gives tithe to his local church 🙏 That's rare among youth. God bless and increase your wealth because of your kind heart! 💛
Great work!! Always important to understand and plan for all expenses while saving and investing in the future!
I love your $32k a year videos, very realistic and matter of fact, thank you. What a kind young man, great role model 🙌😎🥰😇❤
Well done young man, keep grinding!
We live very similar lives financially speaking. Only difference is direction. I feel like I need a more solid direction. Keep up the good work and God bless you!
When you invest you're buying a day you don't have to work
Many thinks bitcoin investment is only profitable when the market price is going up but from my knowledge and experience I can boldly say to you that investing in bitcoin is profitable both in bulls and in bears all you need is the right information
What actually the idea behind this bitcoin investment,I have been watching some videos and I was thinking about investing in bitcoin , but still don't know where to start from
@@velentevictor9435 Same here ,It's strange how people talk about all the profits, they've been making through investing in bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
@@madeleinedee4395 Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that bitcoin investment is one of the profitable money exchange services that elevates investors and their financial status.
@@stephenpalmer8982 That's true most people today have been having a lot of failures in bitcoin because of poor orientation or bad experts
Graham, great story and passion. If you haven't already I recommend you looking into 8-80 Cities, which is based out of Toronto, ONT. They are a global facing organization that is right up your ally I think. Best to you!
Seems like a really sensible nice, young man. Keep it up!
This guy is definitely going places! I love that one of his majors was Spanish (it was one of mine also) and that he believes in tithing. He seems to have found a great girl to stand by his side which is an added plus. I might consider reducing my food budget by $150 and allocating it toward savings, however. Here's to hoping he will be able to use his Spanish skills throughout life also. Blessings!
CNBC interviewed a different Graham 😱
I'm in Spokane Washington and for most of my life I've made less than 40k. Most years much less... My total monthly outflow is about $1000 a month. Medical insurance, gas and food make up the majority of my expenditures. My number is so low because I'm a tightwad and saved my money hard. What money that I have spent has been to set myself up for low monthly expenses. I retired in late 2019 at 44 years old. My retirement savings are minimal and in spite of the market crashing and suffering massive losses I'm still able to stay retired because I make sacrifices that few do. Hopefully my retirement savings will get back to a comfortable level in the next few years.
I assume you locked in housing before the real estate bubble, yea?
@@SnowbirdSteeze Yes, In 2017 I put a large down payment on a mobile on its own land and moved out of an RV park because I saw prices moving up. I owe 80k on the mobile and it's worth 280k now. But... A person that didn't get in housing when I did could still live in the RV park that I did and realize a very low cost of living.
Yep, average rent in the spokane area is about $1400 a month, so he's definitely getting a good deal. If you want a good area, you will pay much more per month in rent. Cost of living is very good here, but rent is a big factor here. It's a good area if you like the outdoors and outdoor activities. There are a lot of higher educated people working in lower paying jobs here as well, as education, construction and medicine are the main industries. There are plenty of service jobs, tho. Have a great day!
You mean, it WAS good here... 3+ years ago it was high but now it is over the top.
@@randyx007 u got kids
*his tuition was paid for, that's why he can live off of 32k. I have $60k of student debt and I make $40k/year but I won't be able to start saving money till I'm about 40 years old. Half my life wasted just to pay for 1 years worth of education
Out of curiosity was college something that was pushed on you or did you do it for a job career you were wanting to go in? Hearing this sort of stuff breaks my heart cause no career no matter what should you have to have paid $60k for a year of education.
I didn't go to school, but of my ex had a similar situation.
She paid off the $60k in 2.5 years.
She worked full-time and contributed roughly $25k/year. Mind you she basically lived like she had no life. We had time every now and again, it's definitely possible.
I wish you god speed. Good luck
@@slowboiracer1611 I was pressured into it mostly by family but also by counselors and teachers in highschool. To make it even more pointless it was an art school and most of the stuff they taught me I'd already taught myself.
@@japhalpha if I saved every penny I could it would still take me about 6 years to pay off. Most of my monthly income has to go towards rent, food, and medication.
As someone that lives here with 45k a year soon to increase to 60k a year, I have to work 60 hours a week and live in a rented room to live reasonably comfortable. This is just another spoiled rich kid.
Love to see a fellow UI alum! Go Vandals!
Love his advice from his last sentence
Not first just happy that I am here alive and well.
Great story! Well done, graham 👍
Such a wholesome guy
I really enjoyed this man’s story. I especially love the fact that He tithes- joy unspeakable and there’s so many blessings in tithing! He’s also humble and wise❤🙏🏾
Thanks~~~~
Can definitely relate to this
Moved from Boise to Spokane, he's smart enough for me!
Solid foundation with this guy! Didn't get sucked into the "credit card black hole" during the early college years lol. Smart move!!
Finally, something I can actually relate to. I have a credit card and use it specifically just to build credit. Always pay off my debts on time. Yep, you have to do the room mate situation, only way to survive if you want to save money and afford everyday living expenses. My current land lord is planning on tearing down the old house we live in order to build a 33 unit apartment. I was contemplating on using this an opportunity to spread my wings and maybe get my first apartment, but I am dreading the cost. So, I might just go back into a room mate situation as long as its affordable and safe. I noticed some room mate situations now are asking upwards of what it would cost to rent an apartment. I am not going to pay nobodies mortgage.
He's on the right track for sure
First time I see a budget with tithing in the mix. I LOVE THIS. God wakes us up everyday & makes sure we have what we need. BEST way to honor Him & say TY is by giving HIM His 10%. Since I’ve put this into practice, (I’ve even tithed when I was on Unemployment for a while) I can happily say I’m completely debt free, was able to pay our wedding cash, so no debt there absolutely ZERO dollars in credit cards, My car is paid in FULL, & managed to save enough to take myself bk to school & try to pay it as I go, ONLY taking out minimal loans IF I HAVE TO. God is soooo good!
God’s timing is always perfect!
No health insurance coverage costs? the $59 listed has to be car ins because it's not listed under Transportation.
We are experiencing homelessness in Spokane because companies come and buy up large amounts of property, driving up prices the last 3 years. Even the last 10 years it has more then doubled here due to growth. Now we have people from Seattle and California flooding in because it was affordable for us. Now it is affordable for people who sell their homes for millions and move here for half the price or less.
Sounds like the perfect part-time job for his field! Also a fellow left-hander!
I like the more average income millenial money videos
HS diploma only makes $32k, this is not avg
Love City Beautiful. More of an No Just Bikes fan though😅. Overall, this young man sound promising to achieve his dreams. And hope he does. Wishing him all the best with future endeavors. Good for him. And wish him a lot of luck with And great video .
Good job, young man!
How can I get featured on this segment? I started my own dog sitting business and live in Washington.
Very pleasant story!! Nice to see a young man around my age doing so well.
Thanks~~~~
Love how he find out he wanted to go into city planning
Very nice video
Stupendous advice on crypto! But note If you're giving your all to someone, and it's not enough, you're giving it to the wrong person.
Please I need someone to help me on how I can create a successful ideals that can be of Good step to be financially free thinking
@Paula S JonesPoint of correction friend... It's not only that but high rate of unscrupulous in the market...
I do see it that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
@Diana Gladysthat's true, it's really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with videos here on UA-cam
Without reasonable doubt it's has been the most profitable online, if only you could find an helpful guide with orientation and signals. that we work you through the process needed.
I wish the background music was a little bit higher, so that I didn't have hear what he says, but simply listen to the music alone.
His food budget is quite high-- room for improvement there!
Definitely is! I really value getting food with friends, and have a hard time saying no when asked to come out to eat or grab coffee, since I can *technically* afford it. Definitely could save more of that money though!
His rent is $400 though. When you live with roommates, you spend less time in your apt cooking and more time eating out. 4 people share a kitchen doesn't really work if everyone cook every meal.
Hmm, if he wants to get a credit card to build credit, I don't see anything wrong with getting one now. I got my first credit card when I was 18 and have always paid my cards off in full every month. (And I started during a time when I had to write checks every month lol. Can you imagine a 18 year old writing checks today for bills? 😆)
Wages vs fuel vs rent plus groceries very scary to balance out😫
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
You are right.
But I don't know why people remain poor due to ignorance
You're right, Investing in crypto currency now is the best thing to do especially with the current rise in the market
people are really making a lot of money from it...
So investing in it wouldn't be a bad idea 💡
Whoever is reading this, I pray that whatever you’re growing through gets better and whatever you’re battling with makes your situation better as you’re continuing to be a better person each day. I have faith that you’ll turn out great as your circumstances will change. Have a fantastic day! You got this! 🤗💪🏼❤️
Grad student and financially on a good track! Proud millennial 🙂
Thanks~~~~
ive wonder if city planners from smaller areas/rural areas have a realistic understanding of city life?
Spokane City Planners make pretty good money, I hope it works out for him!
It's not s bad as it sounds for where he is in life. But it's not a sustainable income if he wants a family. It's crazy to see how much less expensive life is in other parts of this country. 82k is the poverty line here in San Francisco according to HUD, idk how anyone lives for under 100k. Rent + car + food will set you back $4000 a month or more, even if your frugal. And the federal government thinks your rich when you make 100k, so you have to make $6500 a month to pay that $4000 living costs.
I received my master's in Accounting from the same university.
I’m 69 and have lived in Spokane all my life except college. Graduated from UW but I will never live in Seattle again. Ever!
Oh since I’ve been tithing I find I have all the money I need. Funny how that works.
omg i LOVE city beautiful 😩
Add the stipend and other scholarships to the 32K
im on a nonprofit and we provide scholarships to students and that is the one thing we hate is how students can essentially get the scholarships and make it like a salary/refund from the university to their personal accounts.My personal opinion is the scholarship funds should go to someone who actually needs it for affordable college. If the university is already paying your tuition you don't necessarily need the funds no more.
Welp they let him get funds to his account on scholarships. Must be nice. I thought scholarships can only pay for books and classes not actual checks
You get whatever amount is left over after your tuition and fees directly to you. For me, that rebate money helped keep me afloat throughout the semester. There are more expenses related to going to college besides just tuition and books… especially if you go away from home.
Dave Ramsey must be smiling when he sees this
He should get a credit card yesterday
This is good, but after he graduates?
No explanation for the $500+ per month on food? That's a hefty amount
He said he eats out 1-2x/week
@@jimmyli6594 I do the same and still don't spend over 500. Maybe because I don't use doordash and other delivery service 🤷🏿♂️
He's probably paying for all the meals out with his girlfriend
@@drewclark3497 i only eat out at shawarma places and popeyes (on a tuesday or Thursday only). rarely is my meal more than $8.
@@drewclark3497 he seems to be going to expensive trendy places
Ayy I'm from spokane and also a planning student too. This weird.
If you are not in the financial market space right now, you are making a huge mistake. understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
We are already in the big crash, Inflation is a catastrophe. The CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
@@christianaemilio1
I diversified my portfolio across various market with the aid of an investment advisor, I have been able to generate a good profit across high dividend yield stocks, ETF and bonds during this red season.
@@lordviraj How can I reach this FA of yours to seek a better- investing approach, so I don't make mistakes that are going to cost me a lot?
@@RDavid. you can communicate with him on telegam with the user name below.
@@RDavid. Earnwithkevin.
I am always astonished by how many people study something vague and then don't find a job. I think schools don't do a good enough job to discuss career opportunities with students. There should be a mandatory week or even month where students work full-time on not only what they're good at but also most importantly get taught in what study area careers are possible. It can't be that kids spend thousands of dollars on a program and then don't find any job, it's bad for them and for society.
As a personal note, I myself found city planning very interesting while finishing high school but didn't really find the career options appealing (in Germany, it's very much controlled by law to every detail, I wanted more freedom in my job). I'm now in business and it fits me way better and there are plenty of jobs to take wherever you look. I really hope he finds something great, planning a city in the US sounds like a very interesting task.
I went to the same school as this guy, got my degree in math & physics. took 3 year to find work, school just recommended i go to grad school. The career center is a joke, colleges gotta do better
I’m 50 years old looking to diversify part of my savings say $250k into real estate but I hear it is not a good time to invest in Real estate. Can i get any idea on other options?
The markets have been interestingly crazy I cleared a $350,000 mortgage in 5 months literally from my stocks portfolio. But it's sad that whenever something big goes wrong, a lot of people panic and hold on to money that should be working for them. Having monitored my portfolio performance return huge six figures from the last 2 quarters, I have learned why the market will remain a money den for those who know where to look.
I have my funds well diversified by using trade signals from my investment advisor Karen Marie Emma a US registered CFA who you might have heard about or seen in the CNBC news and tbh it's been a huge relief. Highly diversified portfolio, mind blowing earnings and little to no engagement at all on my part.
@@Gbdnd Interesting.. I'd love to start moderate and maybe advance to aggress!ve.Do you just give her your money or copy manually? I have a full time job. And what does Karen Marie Emma charge for her services?
@@rianosherry860 You don't give out funds here. My account only mirrors her trades in real time that's the ideal for this system. The lady I just recommended is a renowned advisor and knows what the heck she's doing. Check her out and get in touch if you'd need help. Charges 10-5% of profit.
@@Gbdnd My portfolio grew by 100% within 6 months. Couldn’t have put it better myself. Last year a colleague introduced me to a financial consultant Karen Marie Emma who has been helping me find investments that have significant growth potential. She invested my money in reputable companies which their stocks must always rise after any dip.
I live in the greater Seattle area and it’s impossible to live up here with that much money you need at least 100k to have a living, going to Spokane was a good idea, but I feel like it’s so disconnected from everything, most jobs are also in the Seattle area
People in eastern Washington prefer it that way
He's doing well for himself! His food budget could be lower and having roommates helps a lot!
What's up with the insane amount of Crypto Scam bots in the comment section??
I watch city beautiful too
This young man pays his tithes... AMEN!
you do not do that
Wow. I'm glad that pay for graduate assistants have gone up. I finished my doctorate in 2003. Back when I was working toward my doctorate, I got full tuition and my living stipend was $12,500. But I did not have to teach or assist, as I was on full fellowship. My peers, who worked as teaching assistants, made about $18,500. This was in LA, where cost of living was really high. We were all living basically just above the poverty line. Most grad students took second jobs teaching part time for enrichment programs or prep schools or community colleges. Or they relied on full time working spouses. In addition, many had parental help. And quite a few took out up to the allowable maximum of 20K in student loans every year. Since I was on scholarship, I was not allowed to take any loans, which sucked at the time, because my lifestyle really lagged, but in retrospect having that limitation placed upon me was the best thing ever. Or else I would have ended up like my peers, with over 100K in debt.
Right now it is around 30k for graduate students which is okay in some states but very low for California.
With inflation, $18,500 in 2003 is $29,750 in 2022, so almost exactly the same amount!
@@UnderCanvasrox exactly
I make ~$20K with health insurance but I only live comfortably being in bumfuck nowhere with 1 bed apts going for $600/mo. I would be struggling if I stayed in Florida for grad school.
This guy has a decent head on his shoulders.
Agreee
These are typical income I excepted, not $200k a year ppl
Is 32k after taxes or not?
Woohoo! Go Graham!!!
Hey guys! Thanks for watching haha.
Jesus christ I did not know that 400 dollars in rent was a thing in Washington state.
As a graduate student at Eastern Washington university…LOL
Great video, but waiting for Graham to criticize the no credit cards.
EWU! Grads! We are smart people!
💯
If Graham hasn’t watched this….. credit?
Keep Spokane affordable, it’s good little city that has a lot of opportunities.
Legit? I'm 25 and considering moving to spokane because it looks chill and also because washington state has no income tax. But if I may be honest I am a bit skeptical of it there because when I traveled through the state, it felt off like I don't know how to describe it or if you know the feel of what im talking about? but it was just negative energy everywhere in that state. I'd love to get some insight into it though.
@@balls4978 it's super abundant here, this land and water is used to feed and power so many people, it being stolen land is probably why it feel that way 🍒 all the water and land being exploited
@@letkwu Nah I think it's just the all the people there like yourself with your crazy toxic ideas that's filling the atmosphere with your negative energy.
What a joke… This is not the typical millennial. Dude keeps hitting jackpot after jackpot. Lucky guy good for him.
Nice pretty cool
Yes I agree the people that do these videos don't understand the average the average person or the family breakdown is only around $65,000 a year in this country and they do 15,700,250, 000 this is more realistic it seems like these people that shoot these videos don't have a clue