Suze Orman Reacts: Living On $80K A Year In L.A. | Millennial Money

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  • Опубліковано 26 вер 2024
  • Personal finance expert Suze Orman wants Wendy Gonzalez to think bigger when it comes to her money goals. The Los Angeles-based millennial earns $80,000 a year working as a logistics supervisor for an auto tech company and eventually wants to make $95,000.
    “Why limit yourself to $95,000 a year?” Orman asks, reacting to CNBC Make It’s Millennial Money episode that features Gonzalez.
    Orman also wishes the millennial hadn’t splurged on a BMW, which sets her back $720 a month. In addition to the car payment, Gonzalez spends about $90 on gas, putting her monthly transportation costs at $810. “What you deserve is a life of financial independence, not some car,” Orman says.
    There is good news: “She’s saving money, she’s working ... and she’s making coffee at home,” says Orman, who thinks that buying coffee is like “peeing $1 million down the drain.” Gonzalez sets aside about $1,000 a month. She saves in a Roth IRA, high-yield savings account and a brokerage account. Gonzalez has around $25,000 saved in a high-yield savings account, which she has earmarked for a down payment one day.
    Watch Orman’s full reaction to Gonzalez’s spending and savings habits.
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    Suze Orman Reacts: Living On $80K A Year In LA | Millennial Money

КОМЕНТАРІ • 1,3 тис.

  • @CNBCMakeIt
    @CNBCMakeIt  4 роки тому +25

    What’s your budget breakdown? Share your story with us for a chance to be featured in a future installment. cnb.cx/32TYZ2K

  • @dynamichunter843
    @dynamichunter843 4 роки тому +2169

    This girl’s student loan IS her car. She kinda negated that effort right there...

    • @valerieh5400
      @valerieh5400 4 роки тому +18

      DynamicHunter Thats what I was thinking ha ha.

    • @consumerdebtchitchat
      @consumerdebtchitchat 4 роки тому +32

      @dynamic hunter - OMG. You just said it totally correctly!! At least she can go bankrupt on the car. She could not on the student loan.

    • @phoenixnmhesq
      @phoenixnmhesq 4 роки тому +32

      Not really. The car is too expensive, but she'll be done paying for that in five years students loans last waaaayyyy longer for most people

    • @xocloudy
      @xocloudy 4 роки тому +7

      pheonixnmhesq yup plus there’s definitely people with student loans AND expensive car loans. And she said learned a lesson from it so.

    • @swicheroo1
      @swicheroo1 4 роки тому +7

      LOL. My sister is recognized as one of the wealthiest women in California. And everybody in our refugee family of 10 are all successful. The Dream Vision car upon graduating was a BMW for her, and quite a few other siblings in my family. And they fulfilled that vision...and moved on to loftier goals that got them into exclusive zip codes. Was a fancy car my Dream Vision? No. But there is some utility in scraping and scrimping and getting.

  • @King_Jab
    @King_Jab 4 роки тому +2109

    She’s basically working the extra job to pay for the car...

    • @conqwiztadore2213
      @conqwiztadore2213 4 роки тому +11

      Worth it

    • @Ursfrndlyneena
      @Ursfrndlyneena 4 роки тому +28

      If she takes really really good care of her car and uses it her whole adult life then its worth it.

    • @isiahgomez6860
      @isiahgomez6860 4 роки тому +83

      T. H. Lol cut the crap. Any car you buy/finance gonna lose value unless it’s a collectible car

    • @effiab4093
      @effiab4093 4 роки тому +1

      😂😂😂

    • @King_Jab
      @King_Jab 4 роки тому +33

      @@Ursfrndlyneena the cost to upkeep the car in good condition and the insurance for it will probably make her end up paying twice the value of the car when she got it.

  • @GrahamStephan
    @GrahamStephan 4 роки тому +4506

    Graham Stephan Reacts to Suze Orman Reacting to Living on $80K A Year in LA

    • @VerStarr
      @VerStarr 4 роки тому +109

      Graham Stephan I knew it... 😂

    • @urihndz
      @urihndz 4 роки тому +45

      YESSS Graham!

    • @mehad9885
      @mehad9885 4 роки тому +30

      Hey Graham nice to see you here🤪

    • @AtoZenLife
      @AtoZenLife 4 роки тому +28

      Watching Graham judge Suze judging Wendy making coffee like 👀 is personal finance inception. Ouroborus eating it’s tail, right here folks!

    • @TheOneAboveAllx
      @TheOneAboveAllx 4 роки тому +11

      I was waiting for you thinking just that!!

  • @trildi
    @trildi 4 роки тому +2604

    ''It's not your salary that makes you rich, it's your spending habits.''

    • @keithearl7879
      @keithearl7879 4 роки тому +20

      Where were you back in 1982 when I graduated from high school lol ... Best comment ever.

    • @candirockstar135
      @candirockstar135 4 роки тому +77

      A decent salary really helps

    • @trildi
      @trildi 4 роки тому +2

      @@keithearl7879 It's in quotes for a reason, I did not come up with this. No idea who said it but it resonated with me when I heard it and it's now written on my financial tracker!

    • @keithearl7879
      @keithearl7879 4 роки тому +2

      @@trildi It hit me at the time, its still something I needed to hear so thank you anyway....

    • @investedfemelle7564
      @investedfemelle7564 4 роки тому +4

      factsssssss on facttttsss on factssssss!

  • @drchtct
    @drchtct 3 роки тому +150

    She wakes up at 3:30am to be tired when driving the BMW lol

  • @Ryanstuff
    @Ryanstuff 3 роки тому +212

    I currently drive a 10-year-old paid off car. Some friends ask why I haven't upgraded to something new and I simply tell them that I am enjoying no car payment more than I would enjoy a new car.

    • @aladepollo4833
      @aladepollo4833 3 роки тому +8

      Wayyyy to go ..

    • @ROA1988
      @ROA1988 3 роки тому +1

      Amen!

    • @SurpriseMeJT
      @SurpriseMeJT 3 роки тому +1

      Good job. With the money you would make on payments, you should automatically invest in a good index fund. I did exactly that.

    • @andrewkruzienski770
      @andrewkruzienski770 3 роки тому +2

      Yeah man I'm in the same boat. I really want a new truck though.

    • @jones2277
      @jones2277 3 роки тому

      me too. are you using liability insurance or full coverage?

  • @brittw3582
    @brittw3582 4 роки тому +608

    Suze Orman “dump him sis”

    • @asdfghjkl-oo7lv
      @asdfghjkl-oo7lv 4 роки тому +13

      Lmao at the end it seemed like they broke up 😂 She gave us an update and it's pinned. Yes Wendy 👏

  • @dallasgurl1989
    @dallasgurl1989 4 роки тому +119

    i like how she throws subtle shade with a huge smile 🤣🤣

  • @damondominique
    @damondominique 4 роки тому +368

    I just need to know how much Suze spends to get her teeth that white

    • @helpdesk1467
      @helpdesk1467 4 роки тому +17

      From all the money she earned through her credit card scams and her fraudulent will and trust kit.

    • @nailcandy
      @nailcandy 3 роки тому +1

      😂😂😂

    • @keithearl7879
      @keithearl7879 3 роки тому +2

      After all the damage she has done to the people who believed that she would help them and then stole all those families money, she can actually sit with a smile on her face ...

    • @telgou
      @telgou 3 роки тому +3

      @@keithearl7879 What happened, what did she do ?

    • @telgou
      @telgou 3 роки тому +1

      @@helpdesk1467 What happened, what did she do ?

  • @jessicacruz2012
    @jessicacruz2012 4 роки тому +128

    She was ruthless but a straight to the point!

    • @MultiWhitney14
      @MultiWhitney14 3 роки тому +5

      Loved that she mentioned for her to have her own bank accounts ! Unless you are married you have no business having a joint account with your bf . Even married you should have the joint plus your personal account

  • @nicolesmith9140
    @nicolesmith9140 4 роки тому +719

    I was a little skeptical at first, like “excuse me, this is Graham’s job” 😂🤣, but I actually really enjoyed her reaction.

    • @user-eu2me4bp7j
      @user-eu2me4bp7j 4 роки тому +58

      Suze has been around for a lot longer than Graham lol

    • @DonnaSimo
      @DonnaSimo 4 роки тому +55

      She did this on her TV show years ago. She gets the OG pass.

    • @nicolesmith9140
      @nicolesmith9140 4 роки тому +6

      I’m aware of who she is, I just felt some type of way 🤣

    • @juliabaranpolansky2609
      @juliabaranpolansky2609 4 роки тому +8

      Graham needs to react to this video

    • @melissag8270
      @melissag8270 4 роки тому

      nicole smith I thought the same 😂😂😂

  • @CardenFinancial
    @CardenFinancial 3 роки тому +118

    I see a trend for graduates with no student loans, finance a car after graduation that would be the price of their student loan if they had them. Be financially free, don't let a car own you.

    • @heyaisdabomb
      @heyaisdabomb 3 роки тому +8

      I think the biggest mistake I made was buying a new car after graduation, with a lot of student debt. It's stressful and not needed.

    • @MarcusKiner
      @MarcusKiner 3 роки тому +1

      @@heyaisdabomb when it’s all paid off you will really feel the pressure relief.

    • @haute03
      @haute03 3 роки тому +1

      Me too. It's so strange. I hope the trend ends!

    • @SurpriseMeJT
      @SurpriseMeJT 3 роки тому +1

      People like Wendy bought into the idea that "life is short, enjoy it". I wonder what she will think when she's poor and unable to pay medical bills at 65 and wishes she rode the market instead of riding in a BMW for a few years.

    • @HughMungussss
      @HughMungussss 3 роки тому +1

      I fell into this trap unfortunately. I'm 24 now with two years left on my car loan. Thankfully, I bought a Honda and not a BMW & my income has substantially increased since I originally purchased the car. Still, I consider it a mistake I've learned from. Financial independence is worth way more than a shiny new car will ever be.

  • @moraleslauralucia
    @moraleslauralucia 4 роки тому +597

    I make over $100k in South Carolina and would like to do this show. $100k here in the South is ten times better than $100k in Cali. ✅

    • @neomage2021
      @neomage2021 4 роки тому +250

      Except...you have to live in South Carolina

    • @moraleslauralucia
      @moraleslauralucia 4 роки тому +1

      Tator Nugget same here

    • @moraleslauralucia
      @moraleslauralucia 4 роки тому +8

      Derick Hess have you been lol

    • @geekerrz
      @geekerrz 4 роки тому +1

      so true!!

    • @jjk4891
      @jjk4891 4 роки тому +19

      Tator Nugget Even in Cali 500k is not dirt hut... I know a lot of senior engineers who make below that and are living well with a family. *edit: didn't see house right after 500k lol I thought you were talking about the salary. But still, 500k house ain't that bad.

  • @gomezbollina1004
    @gomezbollina1004 2 роки тому +34

    *Great video. We all strive towards financial stability and a better life. It is easy to achieve this through the right investment, by living frugally and budgeting. I’m glad I learnt early in life to work hard for financial freedom*

    • @sonlee8066
      @sonlee8066 2 роки тому

      @@gomezbollina1004 I’m truly inspired by your words. I’m very interested in investing and I’ve a good sum of money which I’m ready put in with the right information. My fear is losing my money in a wrong investment. For this reason, I’m willing to listen to your suggestions and ideas on how to invest wisely.

    • @gomezbollina1004
      @gomezbollina1004 2 роки тому

      @@sonlee8066 I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made *$200,000* working with *Donald Nathan Scott* a licensed *financial adviser* . It’s been a promising experience so far with him.

    • @faithrussel9384
      @faithrussel9384 2 роки тому

      Everyone should know that operating a business will pay off under certain conditions and that a job requires certain requirements to earn more than others. But with the right investment information, you can build, inherit, and store money for future spending. I always tell anyone who wants to listen to me that looking for investment ideas and having friends who help you spend less and build your finances are essential for a financially independent and healthy life.

    • @myfavoriteplanet3247
      @myfavoriteplanet3247 2 місяці тому

      Sucker

  • @starzzzy22
    @starzzzy22 3 роки тому +51

    She should sell the car and get something that actually fits her lifestyle AND won't cost a ton in repairs down the road.

    • @edwardalvarez107
      @edwardalvarez107 2 роки тому +5

      It’s the LA culture. Broke people driving nice cars. Wait until you see the Taco Bell workers dropping $60K on a modded mustang. 💀

    • @IL_Bgentyl
      @IL_Bgentyl 2 роки тому +1

      Whats odd because the rich dress homeless and the poor dress rich. Impressive how dull people are.

  • @the_bush_family
    @the_bush_family 4 роки тому +301

    Graham reacts to Suze reacting to Wendy reacting to Grahams reaction of Suze reacting to Wendy on Millennial Money.

    • @VerStarr
      @VerStarr 4 роки тому +1

      Living Tiny with the Bushes as long as we like and subscribe, WE WILL BE THERE!!!

    • @ActNormalKid
      @ActNormalKid 4 роки тому +1

      Lmao I love yall

    • @TheNewSchoolGamer
      @TheNewSchoolGamer 4 роки тому +1

      This needs to happen lol

    • @theodoremcintosh6373
      @theodoremcintosh6373 4 роки тому +1

      Invested Millennial that’s awesome that you’re in the chat. Good on you!

  • @eleazarr1638
    @eleazarr1638 4 роки тому +60

    I'm still driving the Altima that I drove in college. Graduated debt free and feeling blessed.

    • @rafayz9033
      @rafayz9033 3 роки тому

      Underrated comment here

  • @aland3r05
    @aland3r05 4 роки тому +38

    I’ve never met this lady but I like her attitude!

  • @maestroadam
    @maestroadam 4 роки тому +247

    80k a year in LA isn't much. It's like 35k a year where I live haha.

    • @jjayguy23
      @jjayguy23 4 роки тому +27

      Yea, the poverty line is like 80K in LA.

    • @bluestonemetallic7
      @bluestonemetallic7 4 роки тому +11

      .....so, what about the folks making close/near minimum wage in the LA areas??? Basically, that equates to few dollars an hour, or close to charity work??

    • @kibskibs498
      @kibskibs498 4 роки тому +10

      Adam Bernard dude it’s not that much of a downgrade. It’s like 50k in the midwest

    • @maestroadam
      @maestroadam 4 роки тому +4

      @Al Roker agreed. I live in a place with 5% tax. It's wonderfully low.

    • @jasi7313
      @jasi7313 4 роки тому +3

      @@jjayguy23 lmao no it's not

  • @patthetrucker5670
    @patthetrucker5670 4 роки тому +136

    I wish suzie would come back. I used to watch her every saturday with a big plate of food.

    • @patthetrucker5670
      @patthetrucker5670 4 роки тому +1

      @Ne Ws I like him too.

    • @asianspec
      @asianspec 4 роки тому +1

      dave ramsey is also good too.

    • @lakenbanks9426
      @lakenbanks9426 4 роки тому +2

      SUZE was my mentor. Now I have my own channel!

    • @michaelb.8953
      @michaelb.8953 4 роки тому +1

      Then eat rice and beans for the rest of the week?

  • @SAMMY1970ish
    @SAMMY1970ish 4 роки тому +311

    She needs good associations, whenever she talks expenses her boyfriend is involved. Something tells me he doesn't have a stable job

    • @magicworld3242
      @magicworld3242 4 роки тому +33

      Something tells me her boyfriend doesn't have a job at all. I think she's paying for the both of them.

    • @blessed1002
      @blessed1002 4 роки тому +7

      In the original video, she mentioned they both work at the same company

    • @heyaisdabomb
      @heyaisdabomb 3 роки тому +1

      I think this is shame though to breakup with someone for that though. There have been times where I was in school, and my GF made good money. And vice versa. And now, we're both making good money finally. Such is life. It's just important to make sure that it's not a long term trend, as in, your not supporting your partner for 10 years and they have no good plan to achieve financial independence. Having each other to fall back on is a benefit of relationships, don't let it be a negative.

    • @SAMMY1970ish
      @SAMMY1970ish 3 роки тому +2

      @@heyaisdabomb sounds like you have a healthy relationship that's good

    • @goharmartirosyan15
      @goharmartirosyan15 3 роки тому +4

      @@heyaisdabomb in her case the bf has a different mindset about money which doesn’t work in the long run. If one is a spender the other a saver he will spend, she gets mad, he calls her boring or stuck up. Supporting in general isnt bad

  • @user-ur2wd8du4z
    @user-ur2wd8du4z 4 роки тому +71

    I need Kristen Wiig doing an impression of her 😂

    • @melissag8270
      @melissag8270 4 роки тому

      J. G.I yes

    • @thirteenwolfies
      @thirteenwolfies 4 роки тому

      Hahaha

    • @AnandMagic9
      @AnandMagic9 4 роки тому +2

      blackrose8790 You don't have to imagine. She did an impression of her. Look it up.

  • @madisonbrown3296
    @madisonbrown3296 4 роки тому +46

    Always buy a used car. I paid for my amazing car in full.

    • @simonecookie809
      @simonecookie809 3 роки тому +1

      And if you get a brand new car the year or a year after it is released there is a big chance the car will have lots of issues and be unreliable (depends of brand too)

    • @ianelle7095
      @ianelle7095 3 роки тому +1

      @@simonecookie809 a cars value decreases over time

  • @norman8823
    @norman8823 4 роки тому +107

    She needs to sell the car. I would not be comfortable with that payment at her income level.

    • @NarasimhaDiyasena
      @NarasimhaDiyasena 4 роки тому +5

      Facts. Replace it with a $294/mo Toyota and use the $456 remaining in acquiring assets that generate cashflow

    • @nolimitsouldier09
      @nolimitsouldier09 3 роки тому +4

      I don’t understand why people are trying to tell her how to spend her money. If she sacrifices going out or vacations to drive a nice car, that’s fine. The problem here is she’s trying to professionally advise people on investing.

    • @symonelopez-mondy8946
      @symonelopez-mondy8946 3 роки тому +7

      @@nolimitsouldier09 $700/mo is not worth a car.

    • @Duke_of_Prunes
      @Duke_of_Prunes 3 роки тому

      It's a BMW. If she tried selling that thing, she'd owe more than she could sell it for. Looks like an expensive life lesson -- and those are often the lessons that stick with you the best.

  • @dasiasanders8708
    @dasiasanders8708 4 роки тому +383

    That car doesn’t look worth the price... looks like a Honda lowkey

    • @FrenchSaladMac
      @FrenchSaladMac 4 роки тому +12

      Dasia Sanders Bruh ya feel me!!!

    • @Brandon-nz7pd
      @Brandon-nz7pd 4 роки тому +12

      I didn't want to hate but 🤣🤣 you right

    • @dasiasanders8708
      @dasiasanders8708 4 роки тому +2

      Pablo yes!!

    • @dasiasanders8708
      @dasiasanders8708 4 роки тому +7

      Brandon Mann 😂😂😂 I said the same but dang! I would of rather a up to date Honda Civic

    • @cynthiamatthews2168
      @cynthiamatthews2168 4 роки тому +1

      that's exactly what I was thinking

  • @frankdriscoll2695
    @frankdriscoll2695 4 роки тому +60

    I wouldn’t think Suze Orman would be such a big Taco Bell fan.

    • @xv9dl
      @xv9dl 4 роки тому +1

      IF you saw the lower half of Suze, you would see how big, Big is

    • @chelseagirl278
      @chelseagirl278 4 роки тому +4

      Chuc Mung who cares?

    • @evanm9026
      @evanm9026 3 роки тому

      She’s likes it cuz the owns it.

    • @uncleshrek32
      @uncleshrek32 3 роки тому

      Crunchy Tacos go hard...

  • @jakp8777
    @jakp8777 4 роки тому +400

    Uh oh, Graham has some stiff competition now.

    • @owenbeharry8478
      @owenbeharry8478 4 роки тому +1

      jak p competition?

    • @---gi4sr
      @---gi4sr 4 роки тому +2

      lmao I'm young and I know who she is

    • @myrandomchannel7305
      @myrandomchannel7305 4 роки тому +1

      I was just about to say this.

    • @kpstl26
      @kpstl26 4 роки тому +13

      Umm what?? Suze Orman is the OG I started watching her show on MSNBC when I was in HS and that was 17 years ago. You could call or email in, list your expenses, debt, investments, etc and she would give you a plan for your personal finances.

    • @lisaharris1492
      @lisaharris1492 4 роки тому +2

      This women has been around forever

  • @christopherdickson2269
    @christopherdickson2269 4 роки тому +14

    I so miss my Saturday nights with Suze! Loved the can I afford it segment. Learned a lot watching and reading her books. Thanks Suze for all your awesome content!

  • @technole
    @technole 4 роки тому +8

    Suze wins this argument easily. When I was making $80k, buzz sawing whatever debt was left was priority #1. You gotta be able to stash the money for that house downpayment, like yesterday. That car payment of hers has mirrors that are making her dreams further than they appear.

  • @MS-rv9tq
    @MS-rv9tq 4 роки тому +33

    Can we have more Suze Orman videos?? I love her and watched her shows since my college days! Would love to see more

    • @chelseagirl278
      @chelseagirl278 4 роки тому +2

      Mae C Silveira agreed. Love her 💕💕💕

  • @franceselizabeth7601
    @franceselizabeth7601 4 роки тому +335

    I like Suze she’s a shady lady 😆😆

    • @BriannaSam1
      @BriannaSam1 4 роки тому +2

      Frances Elizabeth 😂

    • @jjayguy23
      @jjayguy23 4 роки тому +6

      Her faces, and the dead stares! Take note people! Don't make these mistakes!

  • @VerStarr
    @VerStarr 4 роки тому +42

    Whoa!!! Two surprises two days in a row?! CNBC breaking into the react market!

  • @JohnnyD5
    @JohnnyD5 3 роки тому +22

    My wife and I are debt free and have our monthly expenses so low that we live completely off of one of our incomes and the other goes strictly to investments. Suze Orman is right, it's not about how much you make but how much you save and invest.

  • @MartVale1
    @MartVale1 4 роки тому +27

    I agree with Orman about having separate accounts. Dude could get all the money and run off with it.

    • @numbernine3436
      @numbernine3436 3 роки тому +1

      Everyone should have their own money. My daughter is in school while her bf works, he let's her spend spend spend. I'm constantly saying you don't need another amazon package. You need a savings acct... if things don't work out you always have the finances to leave.

  • @GREENLALI
    @GREENLALI 4 роки тому +16

    Never have a Joint bank account. I very seen so many stories of relationships going to court for stealing

  • @tonishataylor9065
    @tonishataylor9065 4 роки тому +13

    "Make the car payment and then you can really GO somewhere." As someone as dreams of traveling this really spoke to me. Bout to double these car payments so I can pay it off!

    • @Mac-pluto
      @Mac-pluto 4 роки тому

      Tonisha Taylor more like “make sure your care payment is 10% or less than your take home and you can go somewhere”

  • @happylife7542
    @happylife7542 4 роки тому +17

    CNBC, more Suze plz. We all miss her. She was the one who lead us onto a wonderful financial path.

  • @P1995.
    @P1995. 4 роки тому +4

    The minute Suze saw that car, she was already nodding her head LOL 😂 shoot even if I had lots of money I would NEVER EVER spend that kind of money on a car, it’s just outrageous

  • @ladhkay
    @ladhkay 4 роки тому +96

    I said the same thing on her video!! For someone so smart wendy sure is stupid. She wouldn't have to sacrifice her sleep everyday for $500/month extra if she had bought a simple 10 grand car like me and paid it off. My car got power windows, sun roof, power seats etc. and runs great! You could make 120 grand in the bay area and still be dirt poor cuz of all the expenses etc. It's how much you save that and make do with what you have that matters

    • @misshoneynevercame4832
      @misshoneynevercame4832 4 роки тому +14

      A car is (almost) never an investment. A car will be never worth more than when you first bought it. Most important thing is that you have safe car to drive.
      Smart move of you.

    • @isiahgomez6860
      @isiahgomez6860 4 роки тому +7

      She bought what SHE like lmao. You drive a pos congratulations

    • @cohenfromdiscord2551
      @cohenfromdiscord2551 4 роки тому +4

      lol I agree with you but I get why people do it. I am car guy but I drive a RAV4. And ideally in the future would love to own a Hurucan. So made a savings/income plan over the next 4-5 years to save up for it. But dealers can be pretty predatory at times and convince persons they can afford things they cannot.

    • @holdenmuganda97
      @holdenmuganda97 4 роки тому +3

      She’s still making smart financial choices on other things. People will splurge on things they like when they have extra income. What’s important is that she otherwise doesn’t have too much debt and has saved plenty.

    • @willc5023
      @willc5023 4 роки тому

      @@misshoneynevercame4832 yup the only time a car is a investment is when they are rare collectors cars and u have to be a millionaire to own those

  • @TheCreoleSon89
    @TheCreoleSon89 4 роки тому +13

    This was life for me. I loved every second of it.

  • @LoveStarsWorld
    @LoveStarsWorld 3 роки тому +3

    Wendy: I'm sacrificing sleep
    Suze: I LOVE THIS WOMAN!

  • @Lak3rsfolife66
    @Lak3rsfolife66 4 роки тому +8

    LoL Suze Orman is savage, love her no holds barred approach

  • @princessawarrior3181
    @princessawarrior3181 4 роки тому +8

    This is insane ! I am 30 ! And not even close to that salary ! In NY a single mom! Struggling. With like a few jobs ! Drowning in student loan debts! F.... my life

    • @jussjess2829
      @jussjess2829 3 роки тому +2

      Don’t worry princess you can make it out.. I did! Im 33 live in ny. I had serious credit card debt at one time but I worked through it. Pay it off slowly and build your credit back up. I do uber eats and door dash for extra money. It comes in handy to help me pay for stuff. Don’t worry about the student loans. Thats the governments debt!

  • @alexvega7893
    @alexvega7893 3 роки тому +4

    I had the same car payment on my bmw (which I still own after 12 years btw) making nearly half of what she’s making there at the time for me. My other monthly expenses were around $1600 including food/rent. Paid off the car in 4 years, no problem.

  • @metric152
    @metric152 4 роки тому +16

    I love suze orman. She tells people what they need to hear when it comes to money.

  • @ReVerseMe100
    @ReVerseMe100 3 роки тому +4

    That is so true about the relationship financial goals issue. Separate accounts unless you get on the same page. Trust me!

  • @정윤걸-b3g
    @정윤걸-b3g 4 роки тому +25

    "You only live twice" says Bond, James Bond, lol!

    • @dev1lm4n63
      @dev1lm4n63 4 роки тому

      Didn't Nancy Sinatra say that?

  • @kdeloris2225
    @kdeloris2225 4 роки тому +18

    $720 a month for a car lady are you crazy and that card appreciate it as soon as you drove it off the lot. You wanted a symbol of status it's going to hurt paying for it🤣🤣🤣

  • @thegreenplantern3033
    @thegreenplantern3033 3 роки тому +3

    As a now 28 year old millennial, i liked the way she did her video reaction. It was short straight to the point

  • @magicworld3242
    @magicworld3242 4 роки тому +123

    Her boyfriend is way to involved with how she spends her money. He seems like a freeloading BUM.

    • @mm-qf3rr
      @mm-qf3rr 4 роки тому +8

      @@jasonbugznoll9250 dude wth

    • @heyaisdabomb
      @heyaisdabomb 3 роки тому +5

      I think your simplifying relationships too much. My sister for example supports both her and her BF. Is he a bum? I wouldn't say so. He cooks, he cleans, he makes the coffee in the morning, he does the laundry, takes car of the car maintenance, and so on. All she has to do is work, and the rest of her responsibilities, he takes care of. Is he a freeloader? Technically, yes, but it's not like he doesn't put in his share of work. In this story, you don't know her situation. Maybe he's an artist, and he needs some time to break into the industry...

    • @Coolcucumber905
      @Coolcucumber905 3 роки тому +12

      @@heyaisdabomb Sorry to break it to ya... but your sister's boyfriend is indeed a BUM lol
      Women do ALL that plus work and take care of kids... I'm just saying...😕

    • @karinlynn7009
      @karinlynn7009 3 роки тому +5

      @@Coolcucumber905 lol agreed Unless he has disabilities or reasons he can’t work. He could at least work part time or find something from home

    • @joannavelez5179
      @joannavelez5179 3 роки тому +1

      I believe another comment stated she broke up with him.

  • @mattsmillennialmoney39
    @mattsmillennialmoney39 4 роки тому +4

    Loved this video. Her honesty and bluntness are on point 🙌🏼

  • @donovanasmr9546
    @donovanasmr9546 4 роки тому +41

    Me: Can I have Graham Stephan reactions?
    Mom: No, we have Graham Stephan reactions at home.
    Graham Stephan reactions at home:

  • @leonardowilson7709
    @leonardowilson7709 3 роки тому +7

    She's getting robbed. Put 3k down on my 2019 C class and pay $470 a month

    • @dii-N-sd
      @dii-N-sd 3 роки тому +2

      I wouldn't be surprised if she has a high interest car loan due to bad credit. That would def increase her monthly payments.

    • @leonardowilson7709
      @leonardowilson7709 3 роки тому +1

      @@dii-N-sd agreed. By credit is 700+ so I’m guessing that’s a good thing haha

    • @dii-N-sd
      @dii-N-sd 3 роки тому

      @@leonardowilson7709 Yes, you're good! 😆

  • @____darrah____
    @____darrah____ 4 роки тому +4

    Me, feeling guilty for buying a 1k Schwinn indoor bike as a graduation gift. Wendy, buys a 100K car as a graduation gift.

    • @pl9046
      @pl9046 3 роки тому

      Lmaooooo

  • @purplepoppy07
    @purplepoppy07 4 роки тому +73

    Everyone needs to shut up about Graham lol Suze is the OG financial guru

  • @pelckarol
    @pelckarol 4 роки тому +9

    "Forget the travelling, you've got a car! " 😅

  • @IreneSidede
    @IreneSidede 4 роки тому +8

    Suzie we need more reaction videos. This was great!!

  • @royaldestiny
    @royaldestiny 4 роки тому +8

    That car was stressing Suze out. 😂

    • @bitkamp9215
      @bitkamp9215 4 роки тому +1

      B/c she has experience 😂😂In a 2017 CNBC.com story, Orman said:
      “There was a time that I was in a relationship with a very, very wealthy person and I wanted to impress this person and I didn’t have money yet, so I went out and I leased a car. I leased a 750iL BMW, and my lease payments were like eight hundred dollars a month.” Source www.moneytalksnews.com/6-reasons-im-no-fan-of-suze-orman-and-you-shouldnt-be-either/

  • @cw9515
    @cw9515 3 роки тому +3

    They sell used 3 series Beemers with 20 thousand miles for 20 grand if you have to have that car especially on 80k

  • @archived4530
    @archived4530 4 роки тому +6

    Suze was taking shot after shot after shot LMAOOOOO

    • @brightlyart
      @brightlyart 4 роки тому

      Right!! But it's good to hear advice from someone older since we're all just millennials learning from other millennials

  • @driftordie0028
    @driftordie0028 4 роки тому +34

    The older woman is very very smart about money I need some lessons from her

    • @jjayguy23
      @jjayguy23 4 роки тому +4

      Dave Ramsey was better for me. Google him!!

    • @Painandgain943
      @Painandgain943 4 роки тому +4

      Start watching Dave Ramsey’s UA-cam channel

    • @Julie-qr9ow
      @Julie-qr9ow 4 роки тому

      Yeah because finance is her specialty

    • @angelaburress8586
      @angelaburress8586 4 роки тому +2

      Shell have you in more debt than the government she's a a complete con artist, that has conned the middle class out of everything over the last 20years. These are the types of people that Oprah inflicts on her followers 💁🏽‍♀️💁🏽‍♀️🤷🏽‍♀️🤷🏽‍♀️😡😡😡😡🤬🤬🤬🤪🤪🤪🤦🏽‍♀️🤦🏽‍♀️🤦🏽‍♀️🤦🏽‍♀️🤷🏽‍♀️!!!!!!

    • @mustasheolll2020
      @mustasheolll2020 4 роки тому

      Pulsar1984 I’m better than Ramsey, you need credit, if you are smart with it it can SAVE you money 💴

  • @5pctLowBattery
    @5pctLowBattery 4 роки тому +2

    Authors William Strauss and Neil Howe are widely credited with naming the millennials. They coined the term in 1987, around the time children born in 1982 were entering kindergarten, and the media were first identifying their prospective link to the impending new millennium as the high school graduating class of 2000.
    As of 2019, the breakdown by age looks like this:
    * Baby Boomers: Baby boomers were born between 1944 and 1964. They're current between 55-75 years old (76 million in U.S.)
    * Gen X: Gen X was born between 1965 - 1979 and are currently between 40-54 years old (82 million people in U.S.)
    * Gen Y: Gen Y, or Millennials, were born between 1980 and 1994. They are currently between 25-39 years old.
    * Gen Y.1 = 25-29 years old (31 million people in U.S.)
    * Gen Y.2 = 29-39 (42 million people in U.S.)
    * Gen Z: Gen Z is the newest generation to be named and were born between 1995 and 2015. They are currently between 4-24 years old (nearly 74 million in U.S.)
    The term “Millennial” has become the popular way to reference both segments of Gen Y (more on Y.1 and Y.2 below).
    Realistically, the name Generation Z is a place-holder for the youngest people on the planet. It is likely to morph as they leave childhood and mature into their adolescent and adult identities.

  • @AL3X2011
    @AL3X2011 4 роки тому +73

    If she really regretted that bmw she would return it cause that’s exactly what I would do.

    • @shantricejones5830
      @shantricejones5830 4 роки тому +1

      She probably thinking of her credit score it's important to time selling a car as well to avoid being upside down.

    • @edgarnello9165
      @edgarnello9165 4 роки тому +5

      Exactly! Theres better stuff to spend that money on

    • @Mr0erick0
      @Mr0erick0 4 роки тому +16

      Not how it works LOL

    • @yercabbages
      @yercabbages 4 роки тому +6

      Right? Like maybe returning that crap BMW for a reliable car like a Honda or Toyota.

    • @isiahgomez6860
      @isiahgomez6860 4 роки тому +2

      E 123 Maybe she doesn’t want to drive a boring Toyota or Honda and can care less about maintenance because she got what she likes. She obviously isn’t struggling so why settle for something you see on every corner 😂. Oh and that model she drives is reliable

  • @PiranhaJaw22
    @PiranhaJaw22 9 місяців тому +1

    $104K is now considered low income in California. good luck, lady!

  • @anthonymarquez6493
    @anthonymarquez6493 4 роки тому +25

    My car payment is less than half hers a month

    • @divabonitaa
      @divabonitaa 4 роки тому +1

      Anthony Marquez still a car payment though 🤷‍♀️

    • @anthonymarquez6493
      @anthonymarquez6493 4 роки тому +11

      @@divabonitaa not everyone can afford to buy a car outright

    • @3dRoma3d
      @3dRoma3d 4 роки тому

      @@anthonymarquez6493 if you can't afford to purchase a car outright then you are either purchasing too expensive a car or can't afford to have the privilege of driving. Plenty of reliable car that are $3,000 or less or there. MOST people can't afford a $3k+ car is the truth. But hey do whatever you want it's your money lol

    • @lvbadboy
      @lvbadboy 4 роки тому +1

      Shannon Suber that type of car will break down in commute heavy LA

    • @Mac-pluto
      @Mac-pluto 4 роки тому +1

      Shannon Suber not everyone wants to drive a 3k car. Also if you have a great rate the interest you pay over the time of the loan isn’t a lot of money if your payments are under 10% of your take home pay.

  • @latsnojokelee6434
    @latsnojokelee6434 4 роки тому +1

    Let's see, I graduated in the mid-80s with a masters degree, went into the publishing field, made a whopping $23,000 a year in Los Angeles, lived in a $600 a month apartment that came with roaches, and drove a used $3000 econobox. Not relating to this woman at all .

  • @steve_matin
    @steve_matin 4 роки тому +70

    Should've bought an older BMW. She's gonna be paying more than that car is worth.

    • @RipplesnWaves
      @RipplesnWaves 4 роки тому +8

      Stevie Drums I’m trying to figure out why she needed a bmw, why not a Honda, Toyota or even an infinity if she need luxury soo bad

    • @xoxo_kiyla
      @xoxo_kiyla 4 роки тому +7

      This. I'll never understand why people feel the need to buy brand new cars, especially luxury cars. She could have got the same car, used, for half the price.

    • @turbomaster1
      @turbomaster1 4 роки тому +1

      Don't ever buy a older bmw

    • @kingplutoxiao1
      @kingplutoxiao1 4 роки тому +2

      No that even worse. They're money pits which is why they're so cheap.

    • @kingplutoxiao1
      @kingplutoxiao1 4 роки тому +2

      @@xoxo_kiyla Actually German cars lose value so fast and are cheap used because they're money pits. Its actually better to lease the new so you don't handle repairs.
      But in general they're junk.
      Honda, Toyota, Volvo, Ford (trucks and suvs only), Suburu (if you want all wheel drive), Mazda. That's it. You're welcome.

  • @Mac-pluto
    @Mac-pluto 4 роки тому +2

    Rule of thumb: Don’t finance a car if your payments are more than 10% of your take home pay.
    She takes home around $3,500 (I don’t know how that is, I ran the numbers through the Calculator and making 80K she should be taking home around $4750.00 after taxes... )
    But would’ve been best if her payment was $350.00 or less on $3500.00

  • @jess_a_yo
    @jess_a_yo 4 роки тому +7

    So...you know we need this: Suze react to Graham. Or collaborations once the States are off punishment

  • @nsidemybox5651
    @nsidemybox5651 4 роки тому +2

    THANK YOU, Suze!!! A real one!!!

  • @torch378
    @torch378 4 роки тому +4

    She is not sleeping, I love it!

  • @wigum12
    @wigum12 4 роки тому +5

    i thought the same thing when i saw that steering wheel. 😹

  • @luxurydoll6007
    @luxurydoll6007 4 роки тому +7

    Suze is the best listen to her I read all her books she is amazing 😉 📚 💰💰💰

  • @lc6873
    @lc6873 4 роки тому +2

    This is an updated "Can I Afford It!!" Yes!! OH how I have missed your shows.

  • @BenjaminMutuku
    @BenjaminMutuku 4 роки тому +5

    You’re starting out and gotta stay consistent. Get rid of the 33k loan. Get a certified used BMW or Mercedes (if you can afford it comfortably) that’ll save you thousands 💰 💴

    • @btw8775
      @btw8775 4 роки тому +1

      Benjamin Sila Those are not needed. A Toyota or Honda will get you from point A to B the same. Beamers and Mercedes are money pits. Smart money people don’t buy liabilities.

  • @alejandronava7204
    @alejandronava7204 4 роки тому +1

    Two years out of college here, I don’t make as much as her but I saved and paid off my student loans after the first year and coming up on my second year I’m looking to pay a 2017 Honda Accord 90% off upfront.

    • @ianelle7095
      @ianelle7095 3 роки тому

      Smart move! I think imma do the same.. save money and pay off my student loans

  • @thepodlabs
    @thepodlabs 4 роки тому +31

    Millennial money needs to react to graham videos reacting to their videos

  • @nikkitots
    @nikkitots 4 роки тому +1

    She could have not bought the BMW which would allow her to wake up at a decent hour. Her debt free graduation was wasted on a car. Typical LA, always have to floss.
    I am in the points game too. I use my points to pay for flights and hotels. Suze is right, you still have to pay for transportation, food, activities, souvenirs while you’re at your destination.

  • @iamDavidaRose
    @iamDavidaRose 4 роки тому +3

    I love Suze’s reactions.

  • @leonardowilson7709
    @leonardowilson7709 4 роки тому +2

    80k a year in Vegas gives you a royalty lifestyle

  • @JacksonWelch
    @JacksonWelch 4 роки тому +3

    Graham MUST get this girl on his show.

  • @keyontayhumphries1710
    @keyontayhumphries1710 4 роки тому +2

    Love this, love Susie and really appreciate her commentary

  • @RidewithReed
    @RidewithReed 3 роки тому +1

    She opens the video reading LOL

  • @AO-wg3pt
    @AO-wg3pt 4 роки тому +10

    I love how she likes Taco Bell which is like the cheapest place to eat! So relatable

  • @NileshR12
    @NileshR12 4 роки тому +1

    If she wanted a luxury car she should've gotten a Lexus, Genesis, Acura, or Infiniti. They're more reliable than a BMW & they cost less to maintain. They have better lease deals & are less problematic long-term

  • @nichole8609
    @nichole8609 4 роки тому +6

    Has Suzie ever given advice to someone living off of Social Security Disability? I'm being completely honest in my question..

    • @dericanslum1696
      @dericanslum1696 2 роки тому

      ...generally it's too late for people who have already put/found themselves in that situation...

  • @jgway9980
    @jgway9980 4 роки тому +1

    Don’t dog someone for their passion. Let the girl enjoy her BMW if she is a car enthusiast. News flash, we only get one go in this life and you can’t take it with you. Enjoy it while you’re here.
    Most of these financial “gurus” big secret to financial success is advising you to not spend money on anything and live like a poor person while they own multiple houses and live like kings and queens. Thanks but no thanks.

  • @agentcodybanks1
    @agentcodybanks1 4 роки тому +8

    Ahhh good old LA where people get BMWs as a status symbol

  • @DanielGarcia-zz9eg
    @DanielGarcia-zz9eg 4 роки тому +1

    Big mistake buying a BMW right after Graduating.should of waited a few more years to settle in on a new job. See what the pay is and living expenses is.
    Just because you got a Degree after college doesn't mean go stright to the dealer to buy expensive toy and live a rich life. You still have alot to learn after college.
    All that smart went out the door

  • @CariSalgado
    @CariSalgado 3 роки тому +1

    It’s true, don’t ever limits your self in how much you can make a year!!

  • @Post614
    @Post614 4 роки тому +18

    She’s so funny 😂 I love her Haha

  • @kaitlynpleasants
    @kaitlynpleasants 4 роки тому

    All I can think about is how spot on Kristin Wiig's impression of Suze Orman was. Wow.

  • @michellejeanine9074
    @michellejeanine9074 4 роки тому +7

    My mom always said don’t get a joint bank account.

  • @AscendedWarriors
    @AscendedWarriors 4 роки тому +2

    I teach english online too. i get paid $25 an hour and since i live in south america my income goes 3-4 times a far. So i save a lot of money

  • @marcusstrickland2795
    @marcusstrickland2795 4 роки тому +16

    I LOVE THIS!!!! We NEEEEED MORE SUZE!!!

  • @marinamarina6687
    @marinamarina6687 3 роки тому +1

    I love this woman!

  • @PassiveIncomeTom
    @PassiveIncomeTom 4 роки тому +14

    *Not sure I would live in LA with a BMW on $80k a year.* 🤔

    • @Ms.MD7
      @Ms.MD7 4 роки тому +1

      Right, that's really not a lot when you live in LA

  • @AoCabo
    @AoCabo 4 роки тому +2

    Bahaha 80k/yr with that car payment? Just wait until you have to repair the car! Good bye travel!

    • @slysimon8533
      @slysimon8533 4 роки тому +2

      Ddreadster people don’t realize how heavy those repair bills are... BMWs are made to be leased not owned... they don’t last

    • @disneyfan9099
      @disneyfan9099 4 роки тому

      Sly simon Yeah

  • @DanielBMaximoff
    @DanielBMaximoff 4 роки тому +3

    I love her reaction.