@kevinoleary Reacts: Living On $50K A Year In Brooklyn | Millennial Money
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Published 2020-09-03
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It’s smart that she’s already taking advantage of her full company match, O’Leary says: “That is like free money coming out of a helicopter to you.”
He also applauds her for setting savings goals. She puts a certain percentage away as soon as her paycheck hits her account and forces herself to live on what’s left. “If you actually have targets … you can watch it on a weekly basis or every two weeks, since you’re probably getting paid every two weeks,” he says. “The way you end up with massive credit card debt is that you don’t stay within those guidelines.”
Haskins does a good job finding free and low-cost activities throughout the city, such as baking with her neighbors and attending free events, O’Leary says. She doesn’t let New York run her budget dry.
“New York is so freaking expensive,” O’Leary emphasizes. “Of course the city wants to suck every dime they can get out of you. But at the same time, people are hip to it and they’re doing their own things.”
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Kevin O'Leary Reacts: Living On $50K A Year In Brooklyn | Millennial Money
All Comments (21)
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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
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Funny how he kept scoffing at how impossible 50k is in nyc. Wonder how much his lowest paid employee in nyc makes...
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Engineering, engineering, engineering. When Kevin o leary sounds like an Indian parent!
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Is it just me or is she doing impressively well for 23? There are 23-year-olds that are still in school. 50k seems like a great salary.
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He is completely out of touch with the reality of MANY poor people in NYC
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She's very financially disciplined for her age. Props to her.
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Kevin: "$50K in Brooklyn?! That's impossible!" Entry level jobs in NYC: "We beg to differ"
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I'm skeptical when Kevin O'Leary says that you should only go to college for engineering.... THE MAN STUDIED PHOTOGRAPHY then went into BUSINESS to make billions 😂
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I’ve lived on 15k in Manhattan, then 32k in Brooklyn, then 40k, then finally 50k. Because that is what NYC non-profits pay someone with a Bachelors degree in NYC. This guy is out of touch. 16 k in student loans is NOTHING
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16,000 in school loans is absolutely nothing compared to the average 4 year graduate. She seems very disciplined with how she spends her money. If she wasn't in NYC she would be totally fine, and likely will be fine in NYC too.
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As a computer science graduate, It's sad to see that most of these financial experts push people towards STEM fields just to be able to pay back student loans. How about making school more affordable?
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Kevin - $50k? that’s impossible! Meanwhile, she’s putting $880 a month in savings. Who’s the real financial genius here?
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the median HOUSEHOLD income is 54k in brooklyn...
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I get why he said it, but let's be real here: We can't all become engineers. Not everyone can cut it in an engineering major and there are other jobs that need to be filled.
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As an unemployed engineering graduate , i feel personally attacked 🤣
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People don't work during college to pay off loans, people work to afford to live in housing
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Elena: does anything Kevin: smart kid, I do that too
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There are lots of people in Brooklyn making less than even 40k per year. Everyone acting so surprised when the minimum wage is $15. Unless everyone here is of a different demographic 👀
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Come on y’all lighten up, Kevin’s never been 22.
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“Buy a condo” using $75k cash flow towards a mortgage. 🤔 Mr. Kevin O’Leary, I’ve lived in the hood of the hood in Bed-Stuy. The condos are $800k-$1.2 million for a shanty, commonly. 20% down, that’s about $160k. 30 years fixed that would be $3,875/month. What a fun way to be house poor. This city makes you work multiple contracts at the same time only to stay broke. 😂😪
