Click close to watch

Living On $1.6 Million A Year In Los Angeles | Millennial Money

If this video violated? Please submit request complaints or delete it right now..
Submit request or Delete this video

#Tags: Living On $1.6 Million A Year In Los Angeles   Millennial Money   CNBC Make It   Make It   CNBC   How To Make It   Entrepreneurs   Starting A Small Business   Business Success   Small Businesses   Finance Tips   Career Tips   Work Hacks   Lifehacks   Money Management   Career Management   Managing Business   graham stephan   the graham stephan show   living on 50k a year   living on 100k a year   money diaries   r29 money diaries   millennial money   cnbc millennial money  

Video description
Graham Stephan, 29, earns $1.6 million a year and lives in Los Angeles. A millionaire by 26, Graham’s income fluctuates between $60,000 and $221,000 per month depending on how much he earns from real estate commissions and YouTube related-revenue. He also owns several rental properties in the Los Angeles area. Between his high income and budget-conscious nature (and 20 cent iced coffee), Graham saves nearly 99% of his income.

This is the latest installment of Millennial Money, which profiles people across the U.S. and details how they earn and spend their money.

Read more about Graham's budget breakdown here:

Graham Stephan pulls up to a high-end Hollywood Hills property in his matte black Tesla Model 3. It’s a four-bed, 2,300-square-foot home listed for $2.169 million by The Oppenheim Group, where Stephan has worked as a realtor since 2015.

He’s sold multiple properties like it — and every time he closes a deal, he collects a nice commission check.

As of September 2019, Stephan has earned $77,152 in real estate commissions on the five properties he’s sold so far this year. But that represents just a fraction of his income. While the 29-year-old millionaire got his start in real estate, he now earns most of his money making YouTube videos.

Stephan, who was born and raised in Los Angeles, never dreamed he’d make his living as a YouTuber. He was earning good money as a realtor, a career he started at 18 after he didn’t get into college. He’d watched YouTube videos for years — “it was my version of TV,” he tells CNBC Make It — but didn’t think he had the personality to be a creator himself. “It looked like such a fun thing to do and I’d always wanted to do it, but I also felt like, Who would want to watch me?”

About three years ago, he decided to film and upload a video. It was an explainer on how to be a successful real estate agent that he shot “selfie-style” on his iPhone.

“I remember that video getting nine or 10 views,” says Stephan, “and thinking, Oh my God, nine people somewhere have seen this video! So I started making more videos. Once I started doing about two videos a week, the growth really just exploded.”

Today, Stephan has close to 1.5 million subscribers across two channels. He earns an average of $90,684 a month on the platform and will bring in well over $1 million for 2019. His videos cover a range of topics, from how to build wealth as a teen to buying a Tesla “for free.” And he regularly posts reaction videos to CNBC Make It’s Millennial Money series, offering commentary on how the subjects could improve their finances.

This year will be the first time he’s earned seven figures in a calendar year, a milestone he’s been striving for since 2017. “Two years ago, I made a goal challenge video,” says Stephan. “My goal was to make $1 million in 2018.” He didn’t quite achieve it, but he surprised even himself by hitting it just a year later.

» Subscribe to CNBC Make It.:

About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.

Connect with CNBC Make It. Online
Get the latest updates:
Find CNBC Make It. on Facebook:
Find CNBC Make It. on Twitter:
Find CNBC Make It. on Instagram:


Living On $1.6 Million A Year In Los Angeles | Millennial Money
How Andrew Carnegie Became The Richest Man In The World

Sign-up for Acorns! 👉 Upon registration, Acorns will deposit $5 in your account (free money to help you start investing!) Andr...

How Kanye West Built Yeezy

Kanye West grabbed the fashion world’s attention when he debuted sneakers designed in collaboration with Nike in 2009. Retailing at over $200, the sho...

Millionaire Reacts: Living On $45K A Year In Washington, D.C. | Millennial Money

Today we're watching and reacting to - Living on $45k A Year In Washing, D.C. - Millennial Money. Enjoy! Add me on Instagram: GPStephan The YouTub...

Living On $45K A Year In Washington, D.C. | Millennial Money

Victor Yang, 26, earns $45,000 a year and lives in Washington, D.C. As a congressional staffer with over three years experience Yang typically works m...

How Blue Bottle Went From A Coffee Cart To A $700MM Valuation

Blue Bottle Coffee offers drip coffee that costs roughly $5 per cup at more than 75 cafe locations around the world. The company touts its high-qualit...

Millionaire Reacts: Living on $280k A Year In Detroit | Millennial Money

I recently saw a video by CNBC Make it - Living on $280k A Year In Detroit | Millennial Money - and I review his finances, spending, and investments. ...

Are Hermes Birkin Bags Worth $10K+?

In 2019, a diamond-encrusted crocodile Birkin bag sold for $500,000. The Birkin bag, made by French luxury brand Hermes, is named after actress Jane B...

Millionaires vs Minimum Wage: Did You Earn Your Money?

SUBSCRIBE for more! 👉 👈 Have Middle Ground come to you! Follow us on INSTAGRAM: https://ww...

Living On $172K A Year In NYC | Millennial Money

Drake Pooley, 23, lives in New York, NY, and earns $172,000 a year as a consulting associate. He earns a base of $120,000 with an additional $47,250 i...

How to Make a Million Dollars a Year

There are two crucial areas to making a Million Dollar Income. Patrick Bet-David covers them in this video. Don’t forget to subscribe to Valuetainment...

How Square Makes Money

Square began in 2010 after the invention of a small credit card reader that plugged into iPhones. About 10 years later, the company has grown into a $...

Living On $60K A Year In NYC | Millennial Money

Fallon Schwurack moved to New York City from Salt Lake City, Utah to pursue her dream of being a musical theatre dancer. To make ends meet, she works ...

Millionaire Reacts: Living On $80K A Year In San Diego | Millennial Money

A new came up by CNBC Make it - Living On $80K A Year In San Diego | Millennial Money - Here are my thoughts while I review his finances, spending hab...