Millionaire Reacts: Living On $100K A Year In Fairfax, VA | Millennial Money

Today we're reacting to CNBC Make It - Living On $100K A Year In Fairfax, VA | Millennial Money
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[krillansavillan]

She is extraordinarily giving, $670 donations a month (assuming 10% tithe), paying for her sister's college, and helping her parents pay off their house.

[LifeofKairo]

I love how the whole family helps each other out. From cousins to sisters to mothers. It’s lovely to see

[CrushingReality]

I think she is the sweetest person ever. In most of these videos it is about the financial success about one person, here it is about a family working hard together and Kristina showing gratefulness for what they sacrificed for her. If more people were like her family we'd live in a much kinder world.

[brandon-built]

Man she is killin it and STILL helping out her family. That's awesome.

[neutralsandhews]

Graham's face when she talked talked about her credit cards was it for me.

[tovopro]

Here’s the main kicker, I use to live in Northern VA, and the cost of living is no walk in the park. Living off of $85k on your own you’ll still be scraping by. However, the fact that she lives at home rent free making that much definitely gives her and her family so much financial flexibility. More power to that team!

[aishai]

“Favourite days of the day”... okay Graham, easy on the iced coffee

[imCurveee]

Graham, you must have really nice parents because trust me, living at home has MANY cons if your parents suck and are emotional abusive or manipulative. Sometimes paying for your freedom and mental clarity by living on your own is literally priceless in comparison LOL

[Mrslovett]

“She bought a coffee, why did she do that?”

She makes 6 figures and pays next to nothing in rent relax, Graham.

[TheGreenlove]

She is doing amazing for 24. Keep up the good work.

[aprilmayjoon]

i think this was the most real, empathetic, and sympathetic ive seen graham, not that i didnt think he wasn't any of those things, this just affirmed that graham did trully start from humble beginnings. thanks for being real man.

[speakingtruths]

My dad used to work on Capitol Hill several years ago and sometimes I would accompany him as we would stay in the suburbs. 100k in Fairfax, Virginia is nothing. It’s like 35k in any normal mid size city. Everyone makes 100k in that area and they still don’t live well on that salary unless they choose an impossible commute each day. You need to make 350k plus to live comfortably in that area.

[thaoho]

As a local, I can confirm that coffee de clieu is an adorable locally owned coffee shop with good drinks and food lol

[TheAKfactor]

I love how many people’s comments are about how they’re from here, NoVA people are definitely proud of where they’re from including me:)

[c]

Tbh 100k in the DC area is nothing but she’s being very smart 👍

[cryptoflippodcast]

I feel like applying to millennial money


*JUST SO GRAHAM CAN ROAST ME* 😂😂😤

[christophergroton]

One defense for the pre-tax 401k, you do take advantage of the long term capital gains tax on profits made from appreciation of investments. Yes you pay income tax on your contributions when you finally withdraw those initial investments, but if you're retired when you withdraw those funds and are not employed (receiving little to no income in retirement) you very well can pay less income taxes in the future than you would pay now in a higher tax bracket. The appreciation of a $1 pre-tax vs $0.75 (as an example) after tax can be a significant appreciation difference. You can speculate that taxes in general will be higher in the future, but you can also speculate that tax treatments to Roth accounts can very well change in the future as well due to regulations. All things considered, if you think you'll be in a lower tax bracket in retirement, pre-tax contributions (or a mix of pre-tax and after-tax contributions) may work to your advantage in the long-run.

[danielafilipasilvano]

When you've already seen this video, but there's a Graham reaction, so why not?

[mariana]

I’m from Fairfax too, I know exactly where some of the video was shot. So cool !!

[cetriyasArtnComicsChannel]

So basically she had a stable an awesome family. All support each other. This is the biggest difference I've seen for those who have money and don't have money. It's similar to you Graham, and that your first thought of someone living at their house was cool you could pay all your bills and be done with it and there's no cost. But unfortunately there's a lot a lot a lot of people would not the best family life and some not even having a choice with to go back to family or not