How a 29-year-old YouTube millionaire making up to $220,000 a month spends his money. (via CNBCMakeIt)
, has over 1 million subscribers and focuses on his experiences in the real estate industry. It's earned him, on average, $81,428 a month in 2019, though the most he's made in one month from the channel is $136,330., in May 2019. It has over 200,000 subscribers, covers a variety of money and business topics and has brought in, on average, $9,256 per month in 2019, though he's currently earning closer to $24,000 per month from this channel.
Three of the properties are paid off, and he is paying down mortgages on the other three. Although Stephan brings in $15,105 from his tenants, after factoring in expenses, which include mortgages, property taxes and insurance, he earns about $5,000 a month in profit. Even after he started seeing success, he lived with his dad to save money. After five years of living at home and saving all of his commission money, he had enough in the bank to buy his first property, which he still owns and rents out today.
There's a reason he decided to finance the car rather than pay for it in cash: "It makes financial sense to keep the loan: It's for six years at 3.75% interest — and I know I would make more money by not paying down that loan and, instead, investing in real estate and getting a higher return somewhere else."Stephan spends about $200 a month on groceries.
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