By request, here’s a breakdown of how much I spend every month on my personal expenses, and what I spend my money on - enjoy! Add me on Instagram: GPStephan
Second Channel: https://www.youtube.com/channel/UCa-ckhlKL98F8YXKQ-BALiw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
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My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Expenses:
Car insurance: $125 per month
Gym Membership: $200 per month
Health Insurance: $215 per month
Phone Bill: $83 per month
Internet: $80 per month
Utilities: $120 per month
Groceries: $200 per month
Misc Spending: $400 per month
Housing: $3500 Gross, $0 Net
*House Hacking Information:
https://youtu.be/PobcKgC2QFg
https://youtu.be/m6tSUsB12QM
https://youtu.be/mmusZ66uH7A
Tesla Model 3 Payment: $630 Gross, $78 Net
https://youtu.be/kWvs5H32Oyc
https://youtu.be/IU89AryuY3A
And besides that…that’s all I spend money on!
So if you want the actual personal CASHFLOW coming out of my account every month, without counting mortgage equity, car equity, or write offs…this is just the gross amount leaving my account, including rental income on the other unit, then I spend:
$3,353 every single month on everything in terms of CASHFLOW.
However, when you look at my NET cost every month - this is when you account for mortgage and car equity, write offs, depreciation, money I get back at the end of the year, and so on, I spend on average of:
$1501 per month NET on my personal expenses, cost of living, food, utilities, gym, phone, etc.
My business expenses, on the other hand, are expenses that I KNOW will make me more money. What I spend here really varies and for the most part, it’s entirely discretionary.
That’s how I like to run things…I don’t like having high overhead, and the less financial obligation I have, the better.
I just like not NEEDING to spend money every month just to keep things running, and that in turn, means less stress for me, which means I can produce content much easier, I’m more “Free” to talk about whatever, and that benefits YOU because I’m not some huge company just motivated to stay afloat on expenses. Which oddly enough, usually just means I’ll end up making more money because of that…so it’s a weird cycle. The less you need money, the more you make because you aren’t doing things just for the money…and the more creative you tend to be.
Thanks for watching!
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com

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32 thoughts on “How i spend my $163,800 per month income”
  1. Avataaar/Circle Created with python_avatars Aisha Abdinur says:

    Random Question – would it be an investment if I spent 1/4 of my income on personal training/dance classes? not for a specific goal as of today but might be in 5-10 yrs.

  2. Avataaar/Circle Created with python_avatars Rrr says:

    Also do you pay taxes?

  3. Avataaar/Circle Created with python_avatars Rrr says:

    What???? You only spend $120 for ALL utilities???? Like water? Garbage? You pee outside?

  4. Avataaar/Circle Created with python_avatars Midnight Budgets says:

    Graham – though you may never see these words – you have inspired me to really care about my money and financial picture. I am indebted to you for this. So, thank you! and cheers!

  5. Avataaar/Circle Created with python_avatars Eduardo Zanchi Official Channel says:

    I’m really happy that I got to the point where I too can decide that I wanna go to Vegas any time.

    I live in Las Vegas.

  6. Avataaar/Circle Created with python_avatars Sosan Rahimi says:

    If you make $168K a year, you can afford to buy more sustainably than H&M…..

  7. Avataaar/Circle Created with python_avatars Oscar says:

    I am a bit curious about something. Yes, the Tesla may have been free. However, is not the car insurance for a Tesla as well as maintenance costs more expensive that a regular vehicle. I am just saying. =)

  8. Avataaar/Circle Created with python_avatars Alina13 says:

    Who you saving for tho? Early retirement?

  9. Avataaar/Circle Created with python_avatars Steve Wittenberg says:

    Nicely done!

  10. Avataaar/Circle Created with python_avatars Thaijler says:

    The more videos I watch of yours, the more I notice you look like a young Elon Musk; and I can't un-see it.

  11. Avataaar/Circle Created with python_avatars feras hamdan says:

    If you want to save more money pork is cheaper the chicken or salmon most of the time

  12. Avataaar/Circle Created with python_avatars Anj A says:

    Could you do a visit on good charities that invest and use dividends? I would like to share the things I have been blessed with. Also, try better quality shirts and jeans. They will last for years and not disintegrate/sag

  13. Avataaar/Circle Created with python_avatars William Perdomo says:

    It's all about saving until you get married ring alone lol

  14. Avataaar/Circle Created with python_avatars Holley Krystle says:

    @grahamstephan I'm wondering if you would ever make a video on a person that works as a hair stylist/barber making barely over $26,000 a year in Texas. Originally from Cali and have worked for the same company w/ higher wages, yet I couldn't ever reach $24000 a year living in CA. Of course this is due to Cali's expensive taxes and inflation. Might be interesting to see what can be done to stretch a significantly smaller yearly gross for people in this bracket.

  15. Avataaar/Circle Created with python_avatars J P says:

    U mustn’t have a social life… I am all for the living within means.. but I’m also into living!

  16. Avataaar/Circle Created with python_avatars Praim Faya says:

    What is your opinion on life insurance? Would love to hear your opinion on this.

  17. Avataaar/Circle Created with python_avatars Cody Miller says:

    Commenting for the algorithm

  18. Avataaar/Circle Created with python_avatars Bryan Kair says:

    Dude! Your haircut is more expensive than your rent! 💸

  19. Avataaar/Circle Created with python_avatars G2 Lee says:

    Graham: I dont like to spend money
    Also Graham: Decorates his studio with a T-Rex skull

  20. Avataaar/Circle Created with python_avatars Rasheed James says:

    Where do you get health insurance from?

  21. Avataaar/Circle Created with python_avatars Stjepan Lendl says:

    this dude has 168k a month, invests and saves about 165k of that…ow that is a lot

  22. Avataaar/Circle Created with python_avatars David Hepworth says:

    It's great making $160K a month probably closer to $200K now nearly 17 months later but if you keep your spending the same, your reinvesting everything else to make more money which you'll reinvest to make even more money and so on. Your only 30 and worth $10 Million so when your 64 retiring you could be worth up to $30 – $50 Million or more but still spend the exact same amount just because you want to make even more. What's the point of making all this money if your not enjoying spending it? You'll be the richest man in the graveyard.

  23. Avataaar/Circle Created with python_avatars 3DDAN says:

    bro. just the delivery charge for gas is 75 dollars(which means if you use no gas what so ever in a month, youll still pay 75 bucks) deliver for hydro is 36/month so works same way as gas, water deliver is 60 dollars every 2 months. my total utilities/month is around 600 bucks, 100-180 for gas (depending on time of year) around 250 every 2 months for water, 200-250/month for electricity.

    edit: and you wanna know whats stupid, even if you own a property that is vacant with the water turned off and electricity turned off, its illigal in my city to NOT HAVE WATER and HYDRO services which mean even if you wanted to close the acc for a few months while you reno or w/e you cant…..

  24. Avataaar/Circle Created with python_avatars Pandorash8 says:

    What a great message about happiness at the end. I am simple like that too xx

  25. Avataaar/Circle Created with python_avatars Bumpy Johnson says:

    Grahams mentality will get him to a billion

  26. Avataaar/Circle Created with python_avatars Leopold Von Die Moote says:

    Just a thought. Would be nice if you bought clothes made by people which earn an actual living wage. So avoiding H&M would be a great start! I'm sure there are really interesting local designers in LA that would love working with you.

  27. Avataaar/Circle Created with python_avatars Jack Gibson says:

    What exactly are you saving for? Like I get that it's great to be frugal and all but when will you stop being like you are now? Is there a specific goal or something?

  28. Avataaar/Circle Created with python_avatars Alexis Liu says:

    Thanks Graham I have learned a lot from you – Also, so true happiness does not come from spending more

  29. Avataaar/Circle Created with python_avatars Hunter smith says:

    99$ a month here for MMA gym membership🤙🏽

  30. Avataaar/Circle Created with python_avatars Raphael Gerard Films says:

    All you can eat sushi is life.

  31. Avataaar/Circle Created with python_avatars Fred Gorman says:

    I got help from expeditetools,com financially .They helped with a transfer of $29,000 to my bank account .

  32. Avataaar/Circle Created with python_avatars Cory E says:

    Can you do a whole week grocery haul? I would love to see how you eat and for what price

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