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

@GABRIEL_CRAFT

4 ай бұрын

It would be really great if you all would make some more content of people living on a low income, saving or at least maintaining an emergency fund and thriving. This is an interesting story however, in the present moment the person is eating savings and so this isn't really a sustainable option for a lot of young folks.

@LA-cm9ly

4 ай бұрын

Get someone over 40

@the.magic.catbus9459

2 ай бұрын

You should cover someone who makes $17k a year working a minimum wage job.

Cliff notes: he's living off his savings primarily

@namhoang6569

4 ай бұрын

Yeah, but his expenses is still very low considering NYC, and his savings is only $10k.

@felipefernandes.1

4 ай бұрын

he does not have rent to pay so, for me he spend to much@@namhoang6569

@andremartinez418

4 ай бұрын

​@@namhoang6569his expenses in January were $2,796 and he says his spending habits haven't changed much. Which would come out to about $33.5k a year. Definitely misleading compared to the "living on $17k a year" title

@jensumayer

4 ай бұрын

I can live on $0 income while running down my savings and pursuing my dreams. How does that make me the subject of a documentary?

@Re3iRtH

4 ай бұрын

​@@jensumayerThey are running out of interesting people

If you're using your savings you're not "affording" to live there

@masscantbecreatedordestroy8868

4 ай бұрын

afford definition : “have enough money to live there” he affords it

@SarahRamsingh

4 ай бұрын

You absolutely can afford to live in NYC for 17k a year. You just have to live in a cardboard box and dumpster dive.

@porthospatel1683

3 ай бұрын

everyone uses their savings

@thaanonymous776

2 ай бұрын

That doesn't make sense: a retired person living off a lifetime of accumulated savings couldn't "afford" to live anywhere based on your comment. "Affording" anything only requires the means to pay for it-- it doesn't require recurring income.

If you are planning for retirement Here are some key pointers. Firstly, kick-start your savings early to benefit from compounding. The longer your money has to grow, the better. Secondly, make the most of retirement accounts like 401(k)s and IRAs, especially if your employer offers a matching contribution - it's essentially free money. Thirdly, diversify your investments across different assets to mitigate risk. Think stocks, bonds, and real estate.

@mykreid

2 ай бұрын

Great advice for retirement planning! Starting early and taking advantage of employer-sponsored plans can make a huge difference in the long run. And diversifying investments is crucial for managing risk. Thanks for sharing these valuable tips!

@suziehovic

2 ай бұрын

Spot on! Planning for retirement is crucial, and these pointers are gold. Diversifying investments is a key strategy plus, having an investment expert by your side can really help navigate the complexities and optimize your financial plan.

@GrahamCan

2 ай бұрын

Absolutely! Diversifying investments is crucial for long-term success. Having a fiduciary has been transformative. She navigates market fluctuations, identifies opportunities, and keeps me on track for retirement. Her tailored advice boosts confidence and informed decisions. Trusting her skills brings peace of mind, ensuring my future is secure.

@mateosantiago5795

2 ай бұрын

That's truly remarkable. I hope you don't mind pointing me towards her direction.

@GrahamCan

2 ай бұрын

I don't mind, she's Sophia Elaine. One of the finest portfolio managers in the field.

He is spending his savings, I feel like they click-bated us on this one. He is great but the video title is clickbait

@arex9000

4 ай бұрын

I'll take this over an influencer or someone who makes 500,000

@namhoang6569

4 ай бұрын

@@arex9000 lol, agree

@Re3iRtH

4 ай бұрын

​@@arex9000you act like the person who makes 500k a year stole it 😂

@beatricerights

3 ай бұрын

@@Re3iRtH I guess they can relate more to the person featured than an influencer making 500k.

Misleading headline. He's not living in New York for $17,000 a year. He's living off that and his savings. He spent almost $2800 in January. If he averages that throughout the year, then he's living in NYC for around $33,600 per year. Which is $16,600 over $17,000. Because guess what? You can't live here in NYC for $1700 a year. He makes money as an actor and he maintains luxury cars for the rich and he gets paid $20 an hour. Unbelievable. This is exactly why people can't make a liveable wage.

@kickflipcolin

3 ай бұрын

I make 18k a year and live in Brooklyn, it's very possible if you're frugal. You also have to live with roommates.

@hazelbasil6451

3 ай бұрын

​@@kickflipcolinAre you actually "living" though? Or just barely surviving? I hope things imprive for you?

@milkiways1

3 ай бұрын

He might get tips or have more part-time jobs. In 2010, my roommate's boyfriend made $90k/year from tips at a NYC restaurant.

The immigrant in me cannot comprehend these choices…

@chatbass2468

4 ай бұрын

lol, I feel ya...but if he's young and single, go for it...but put an end time

@JF-vw9lv

4 ай бұрын

The american born to immigrant parents cannot comprehend these choices either

@azrrrrrrrr

4 ай бұрын

why? you are forced to work to support parents or?@@JF-vw9lv

@crishnaholmes7730

3 ай бұрын

@@JF-vw9lvwhat do you mean

@crishnaholmes7730

3 ай бұрын

What do you mean

Technically Max is using savings to sustain his life, BUT I still love this episode. He had the opportunity to do the 9 to 5, it wasn't for him and he took the risk of doing something else. I say KUDOS and wish him well. Personally, I didn't have anyone else to fall back on, so stability was more of a priority when selecting a career.

@janayr1920

4 ай бұрын

I really liked this one too

He embodies an entire NYC sub-population: the hopeless creative, sustaining themselves through a finite savings account (or parents), trying not to let the dream of "making it in NYC" die. Hope he's one of the lucky ones.

@hakuchu

4 ай бұрын

thank you for saving me 9 minutes of my life

@danielp415

4 ай бұрын

@@hakuchu pay it forward brother

@Dakid015

3 ай бұрын

Also in LA

Analyzing his scenario, if he likes acting, why not be a youtuber? He could easily be a car review guy because of his knowledge with working with cars. Start small and expand your team. KZread/Tiktok has been a new frontier for people to make money in front of the screen.

I hope his dreams of being a successful actor comes true.

@maxwellgallo

4 ай бұрын

Me too

@martinkrukenberg4590

3 ай бұрын

it wont happen. as in case of 99% of actors

@bluckamey

3 ай бұрын

@@martinkrukenberg4590 well, I hope he proves you wrong

@martinkrukenberg4590

3 ай бұрын

@@bluckamey dream on

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

@Justinmeyer1000

3 ай бұрын

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

@Pamela.jess.245

3 ай бұрын

How can I reach this person?

@Justinmeyer1000

3 ай бұрын

'Aileen Gertrude Tippy’ maintains an online presence. Just make a simple search for her name online.

@Pamela.jess.245

3 ай бұрын

I checked Gertrude up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.

It feels like a promo vid for the actor

Relying solely on social security isn't advisable. I've learned that the most efficient path to wealth, both in acquiring a million and sustaining billionaire status, is through wise investment strategies.

@MichaelDavis-cj1yj

3 ай бұрын

I couldn't agree more. Working with a financial advisor can provide invaluable guidance for navigating investment strategies effectively.

@MichaelDavis-cj1yj

3 ай бұрын

“Angela Lynn Schilling” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment,.

People shouldn't criticize. He is a starving artist by choice. I'm sure if he runs low on funds he will have to adapt with a different strategy. It's great that CNBC is featuring people at different economic levels of living.

@babyfreezer

26 күн бұрын

poor but not starving, he should not be spendign 480 on subscriptions and 680 on food...

Bro isn’t affording to live. He’s dipping in to his savings which is down to $10k. His average monthly spend is $2,796. He’s only got about 3.5 months with that, and even if he has an average of $17k or $25k in his bank account, it won’t be enough for a whole year. Unstable gigs and part time jobs can only sustain him for a few months. The cycle will just repeat itself. Video shows he looks upbeat and energized, but inside I think this dude is struggling. I hope CNBC compensated him a decent amount to make this video.

@maxwellgallo

4 ай бұрын

I’m prioritizing happiness, I work one day a week. I can easily meet my expenses with another $15k a year working anywhere. I wanted this to inspire to others to follow their dreams. No one says you have to do it to the degree I am

@leechrec

4 ай бұрын

@@maxwellgalloYou go brotha. If you can make it work, then onwards to achieving the dream!

@dib327

4 ай бұрын

@@maxwellgalloSpending all your savings to pursue acting is wild.

I want to wish the best of luck to Max, it's extremely hard to chase your dreams, but it's worth it!

Here when the title read $17,00

@monica4158

4 ай бұрын

Same!

@TheNoerdy

4 ай бұрын

But he actually did make $17,000… it’s not a typo

@TravelerSanna

4 ай бұрын

*And the close captioning text read $117,000.* 😏😏

@queencooljewel2433

4 ай бұрын

Won’t be like that for long!

@TheNoerdy

4 ай бұрын

@@TravelerSanna Closed captioning is auto-generated.

Dudes living in lala land

@maxwellgallo

4 ай бұрын

And loving it

@stewiiiee

4 ай бұрын

@@maxwellgallo Wishing the best Max, keep on dreaming. It's easy to be cynical while being miserable

@simonerenea

4 ай бұрын

He has literally lost touch with reality.. acting for $17,000 a year

@td69

4 ай бұрын

@@stewiiieeI’m wishing him the best too. I hope all his wildest dreams come true. Doesn’t myself and a majority of this comment section can’t create an opinion with the info we see. Not at all miserable lol

@DeanBKK

4 ай бұрын

​@simonerenea it's not an ideal situation but the best "success stories" I've ever seen/read are usually people who took a crazy risk to follow their dreams.

It makes me stressed how not stressed he is about his financial situation. That being said- love how he’s living his life the way he wants!! Good for you baby boy

Turns out the way you afford living in NYC is by paying for things (with your savings). What a secret!

I wanted to pursue acting, but the idea of being broke and always looking for the next gig was not a lifestyle I wanted to live . Actors have a 99% unemployment rate. 0.04 actually make it. But I wish him luck , hope he makes it

Good story but clickbait title He's using his savings too

@anoukc6928

3 ай бұрын

Yes but titles are decided by CNBC

2 cars making $17,000, how much is insurance by itself,

@maxwellgallo

4 ай бұрын

I have collector insurance on the bmw and it’s only $40 month! The civic is on my parents umbrella policy and only costs $35 a month

@Re3iRtH

4 ай бұрын

​@@maxwellgalloWhat year is the BMW?

I like Max (what a cool guy) - I can tell he's not money motivated which is so refreshing to see. Go Max!!!

@bryantkobe23

4 ай бұрын

its easy to be Not motivated when you are not making any,

@maxwellgallo

4 ай бұрын

Thank you!

@jcabslovesu2

4 ай бұрын

It is a bit irresponsible to not be investing for your future at his age. He’s young and active right now which is the best time to work hard and save save save. When he’s older and can no longer work to save up for his retirement, he will regret it.

@p1exotics87

4 ай бұрын

Max is the best. We’ve loved working with him! A true stand up guy.

Plus, he has the privilege of having supportive parents, friends, and family members. Not everyone is blessed to have those things.

The title is NOT clickbait. He indeed makes $17k a year. If they were to add all the details about his savings, that'd be a very long title.

@beatricerights

3 ай бұрын

They did click bait. What if I billionaire who is living a lavish lifesyle but, lives on their investments with a title I live on zero dollars.

So the title of this video is a lie to get clickbait: "How I Afford NYC Living On $17K A Year." He earned $17,000 acting in 2023, in which his income was reduced by the actors' strike. He did have other income, savings and other jobs to meet his expenses. That is not living on $17K a year in New York City. CNBC has now lost all credibility with me.

i’d hire this guy in a second. loved this, super real, super relatable for a lot of people in the creative or entrepreneurial field

Way to go bro! mindset is half of the game and you're nailing it! I'm sure it's just a matter of time before even greater opportunities open up for you in life and love and creativity ::)

your right. you don't have any debt. but the cost of living is getting so expensive---especially in New York City. Just seeing someone making no money gets me overwhelmed

At last a CNBC Make It that makes me feel better about myself

I understand Max.. he’s a passionate guy… I hope he finds a career field that he loves and that meshes with his personality type.

How can you afford 2 cars? Also the insurance per/vehicle and also gas ⛽️

Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject! Thanks to Mylah Evander the lady you recommended...

@Marthaglime

4 ай бұрын

Could you be kind enough to share the info of the investment advisor guilding you?

@GeorgeKent-oi6qz

4 ай бұрын

Mylah Evander totally changed my life for good. I have come across individuals but none is as honest as she is. So surprised you know her too.

@DinmaAbwooli

4 ай бұрын

Everyone needs a different stream of income, such as where one can invest some parts of his or her monthly income.

@MegynVarsha

4 ай бұрын

That woman has changed my life for good. I attended Mylah's class a couple of weeks ago and she's awesome when it comes to guidance...

@FloridaAnderson-go4yw

4 ай бұрын

Is there anywhere I can get across this woman for a startup???

i make about 30k? and my rent is 1700 a month, lol i dont even know how i survived thus far. Good thing is i work in hotel F&B, so i get to eat the leftovers all the time, so that really saves me money. But oh man, 30k is really not gonna work for long term

The financial hack here is to live with your parents for an extended period. Additionally, ask those richer parents for money to sustain your lifestyle. It's genius.

naw 17k in nyc is CRAZY

Thank you for posting a realistic experience for someone living in NYC!

This guy was on the KZread show "Updating".

I hope his dreams come true because at this rate he is bound to go broke. I absolutely love that he is happy and not willing to compromise his happiness though, that’s extremely admirable!

Misleading title. He’s living off savings.

17k/year is impressive for NYC....Following your dreams is worth it!!!

@maxwellgallo

4 ай бұрын

🙏🏼

He also has no children, so no other responsibilities

Why would he stay in nyc on his savings? The place is a dump.

I think he’s awesome! Hold on to those dreams young man. I want you to win… and you will! The people without that level of passion will always criticize. Not everyone is cut out for the traditional 9-5 path. Even if you only do it for a year or two or ten… you did it! Enjoy acting. Enjoy NYC. Enjoy life and chasing your dreams.

More clickbait

Better be clickbait🤣

@kimcham9949

4 ай бұрын

It is. Using savings.

@maxwellgallo

4 ай бұрын

@@kimcham9949it’s a buffer, I’m lucky to have it

HEY its the UPDATING guy!!!

I like that that this is a real person. Earning a little bit in New York. Putting things into perspective on frugality

this lifestyle will stress me out, but respect it

Wearing wool socks to bed will give you the best sleep you've experienced 😴

Guys doing what he can to follow the dream, this was a great video - all the best bro - never quit on your dreams

I live my life similarly and I will agree it is a much happier life, however, I’m getting to an age we’re I have to worry about long-term/ retirement family etc. So I gotta work my bum off now in order to make up for the time lost/money. I don’t regret it, yet at least.

I wish him the best. I had a similar journey. Still do. Struggling through life shooting your shot isn’t the worst thing. The worst is not knowing what could’ve happened if you never tried. Not everyone can understand and that’s ok. It’s not your life.

Many people stay at jobs that hate and never do anything fulfilling. I’m so proud of you for having the courage to live the life you want and especially for chasing your dreams 👏🏽👏🏽❤️

It's very difficult to do but still possible if you live a disciplined and minimal life. I share with room mates and pay $785, $17for phone, $135 for unlimited metro, $300 food including take out. $100 for toiletries etc . Even went out weekly for $80 Of course I actually have a higher income but lived this way for a few years to save for a home.

Enjoyed watching this! It’s great to live in the now and allow for things to work itself out in the future!

As a fellow actor with similar goals, I wish you all the best bud. I do have a regular 9-5 that eliminates the desperation factor, so I'm glad you're considering it. My advice would be to get on that before you're out of savings, otherwise you may be in for a cruel reality check not too far in the future. All the best my guy

I really like this guy. I am moving to NY in a few weeks to pursue music and I relate a lot

My guy killed it on updating

680 month on food?!?!

@maxwellgallo

4 ай бұрын

Restaurants in the city not just groceries

@nvdg867

4 ай бұрын

@@maxwellgallo thats still a lot for even that

@Betweoxwitegan

4 ай бұрын

​@@maxwellgalloFor one person you can easily get it as low as €100

@abbyc.4215

4 ай бұрын

Dates maybe??

@Dakid015

3 ай бұрын

@@maxwellgallo cost saving opp

He geniunely seems happy on this pursuit. Good for him

This is inspiring. Best of luck bro

I hope he makes it. I really do. But he seriously needs a heart-to-heart talk with Dave Ramsey.

i would love this story if the headline were true. he is not living on 17k, he spends at least 21k. BUT i can see your point. living minimally and trying to achieve your dreams. i vibe with this one

Hope you make it!

While the title is misleading because of not factoring in savings in that number, this episode is really wholesome and inspiring. Not everyone can afford to live out their dreams and this episode is an example of the trade off we often make in life: work to live or live to work. Personally, I’m pursuing a competitive masters degree program and am working at a job that is physically and mentally taxing and doesn’t pay well. BUT, it gives me the experience I need to succeed in my future master’s program. In the meantime, I’m trying to have experiences that offset how hard my job can be day to day such as a weekly pottery class and traveling. But I’m basically living paycheck to paycheck this way in addition to meeting some of my basics needs/bills. Also looking to balance out what makes me happy, what experiences I’m looking for/need, and what can realistically pay the bills even if it’s kinda soul sucking

I wish him well. At 38 I rebooted my career and while I was lucky to land on my feet, it’s not easy. It’s not certain, and you are always battling remorse for the choices you didn’t make and especially the ones you did make. But if it works out, like it has thus far for me, it’s the greatest feeling and I would wish it on every human being.

I want to add that doing a 9-5 corporate job is not a bad thing. Work by nature is not fun, thats why people are paid to work. If you enjoyed it, you would be paying to do the work. Being able to afford basic necessities is incredibly valuable. If you don't think so try for a week to live like the homeless, you will hate it. For me being able to afford the basic necessities, take a couple trips a year, afford a good gym membership etc. is extremely great. I also do live in NYC. Use a boring office job to fund the things you do want to do, thats how I see it.

Love this episode

"Unemployment benefits". So in other words, half his income is from UE.Where does he park the cars? Parking is expensive in NYC.

What about being a server or a bartender? Also, how about going out to LA?

I appreciate the realism and wish more survival tips or how "Regular/Normal" ppl get by

Keep going Max!

WTF is up with the tumbnail. He looks 2 feet tall.

I hope your dreams become reality 🙏🏽

As someone who lives in NYC $680 for groceries is ... actually too much for a single person. I also like to cook and spend about $40-50 a week on groceries so about $200 -300 a month. And I am a vegetarian. Even factoring take out I still wouldn't spend up to $680 a month. I'm having a hard time wrapping my head around the $2000 discount for the apartment and how the company is saving money by letting him live there. Unless he is only occupying it temporarily until they can get a market rate tenant?

@MattSezer

3 ай бұрын

You’re literally spending less than what food stamps gives. I’m not saying that it’s not possible, but that’s extreme.

@jojoco9840

2 ай бұрын

Some of use enjoy hitting our nutritional intake goals

@the.magic.catbus9459

2 ай бұрын

@@MattSezer SNAP benefits in NYC is $195-$281 a month. So I spend about the same. I don’t know where he shops but I know in my neighborhood I know I spend $40-$50 a week and I cook!

@the.magic.catbus9459

2 ай бұрын

@@jojoco9840 I am very healthy and hit my nutrition intake goals. I work out 5 days a week. I still spend $40-$50 a week on groceries in NYC because I can get affordable produce in my neighborhood. $680 on groceries means he buys overpriced food, even in NYC.

Title got me-but he’s cute and well-built so kept watching lol

He has a Tobey Maguire vibe. Wanted to see his workout routine, first thing I noticed was that bubble butt, how fit he looked and then those couple shirtless pics. He seems to be making it work though, but I have substantially way more saved though/invested and I feel like I'm struggling. This is top of living with room mates and paying less than he does in rent. Maybe its just a mental state.

You know what, he might be using his savings, but he is doing to to follow his dreams. I like the guy and I hope he lives his dream.

Why did not mention expenditure on cars monthly ? Such as gasoline , insurances ?

CNBC should have titled this, living off of savings while making 17K a year. I get he wants to pursue acting, wouldn’t it be more prudent to work a job that pays for your living expenses, build emergency fund, savings, contribute to your retirement, and pay for acting classes. Then set a window in your day to focus on just acting related things so not only you take of your bills but your hobbies. I just don’t get how you’re happy blowing through your savings that took you years to save, living above your annual income, and about to be broke with no emergency fund. I guess I’m more risk adverse, I feel bad for your roommate who probably doesn’t know you’re about not be able to afford rent.

3:47 LinkedIn has a subscription?!?

Sounds like he living his best life. Based on his January budget, his yearly expenses are ~34k, but that doesn't include funding an emergency fund or health insurance. That's probably how it goes for struggling actors. I wish him the best in the future.

Is this the same guy who appeared on the live dating show UpDating?

Team Max. Wishing you all the best

Unfortunately not only is this guy living off of his savings, but its clear he came from money. This is the American dream today: wealth from parents opens doors or allows you to stay long enough for the door to open.

Lives in Brooklyn,BMW has New Jersey plates. 😂

@dontleaveamessage

Ай бұрын

cheaper insurance

Is that a typo. The closed caption says he's lying. It said $117,000.

he doesn't strike me as a delusional entitled artist that refuses to grow up. He's simply a dude going after his dreams. 👌🏾👌🏾

Who else saw this guy in UpDating?

This guy is a nightmare for Immigrant parents

@derk420x

21 күн бұрын

immigrant parents need to be put in check

Woo I thought this said $170,000 initially

Uber Commission: 25% of the fare from the driver Lyft Commission: 20% of the fare from the driver 66 Super App Commission: 7% of the fare from the driver

Cool guy! Hopefully his acting career goes well! Tho i have to wonder how big is NYC acting scene compared to LA?

Best wishes on pursuing your dreams Max!

The longer i watch this video, the more delusional this guy is getting

$680 for food? I only spend like $400.

Best wishes for him