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

  • Published on Nov 21, 2019
  • 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 TheXvid 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 TheXvid videos.
    Stephan, who was born and raised in Los Angeles, never dreamed he’d make his living as a TheXvidr. He was earning good money as a realtor, a career he started at 18 after he didn’t get into college. He’d watched TheXvid 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.
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    Living On $1.6 Million A Year In Los Angeles | Millennial Money

Comments • 5 908

  • CNBC Make It.
    CNBC Make It.  14 days ago +4204

    Today’s episode of Millennial Money features… wait for it… Graham Stephan. Subscribe to our channel, set a reminder, and come back at 12pm ET to watch.

    • Nutts Crackerz
      Nutts Crackerz 18 hours ago

      He's not a millennial he is generation z the last birth year for a millennial is 1990...

    • White Collar Mom
      White Collar Mom 10 days ago


    • coco marineblu
      coco marineblu 11 days ago

      This was a business move for this CNBC channel the views here are so much higher

    • Millennial Music Money
      Millennial Music Money 12 days ago

      @torny Maybe this is why you don't make his level of money...he had to save up to buy the properties, and making decisions like the coffee, but applied across his whole lifestyle allowed him to buy his first few properties...

  • Rune de Beer
    Rune de Beer 3 hours ago

    Is he still a millennial cause being 29 makes you in 2019 being born in 1990.

  • Tonythetiger86
    Tonythetiger86 4 hours ago
    You are mentioned in south Korea for your frugality!

  • Phorn Pharath
    Phorn Pharath 6 hours ago

    This guy really inspiration

  • Olivia Jayden
    Olivia Jayden 6 hours ago

    Thank you so much wilson for helping me and my wife improve our credit scores so we can now finally look for a house with some land, this has been a dream of ours for many years. Now the time is finally here.My scores are above 750 and my wife's 800 right now and we couldn't have done it without your help, wilson. Your professional assistance for the purpose of helping our scores and us qualifying for a loan which i'm so glad was achieved - all of this we could not have done by ourselves and we thank you very much. if you have any issue at all with your credit do not hesitate to contact him, can also text him on +1(508) 731-4125

  • ItsNiclas
    ItsNiclas 10 hours ago

    How to create a diagram like this at 5:00 ?

  • Trinh Bui
    Trinh Bui 10 hours ago

    I got so excited. I squealed.

  • Christopher Lancaster
    Christopher Lancaster 12 hours ago

    Full time real estate agent. Lol this dude has 3 Zillow reviews. Just another fraud. If you make a million in real estate you wouldn't quit to do TheXvid

  • MsAsianNinja
    MsAsianNinja 16 hours ago

    I saw the breakdown of what he earns, but where is the monthly spending breakdown?

  • Maleick Fleming
    Maleick Fleming Day ago

    hustler spirit 😃

  • ryan bax
    ryan bax Day ago

    all that money scamming people and still cannot buy a hairline...karma

  • Nova Calisthenics

    You guys should watch his video, he spends less than 10% of his profit because he starts small. and that is the reason why he is rich. He is super sensitive about his money rather than his gf

  • The Cursing Photographer

    honestly seems like a cool dude.

  • Neil Wood
    Neil Wood Day ago

    Good on him. No debt from going to college. Goes to show you can make it if you try

  • Chris Cabral
    Chris Cabral Day ago

    I wish I could hate this guy. But mate, you’re killing it. I also love the fact he has no six-figure student debt to cripple his net. Well done:)

  • Latisha Faucette

    I absolutely love this video!!! so Inspiring! This is easily one of my top 5 fave Millennial Money episodes!!!!!!

  • Vela4331
    Vela4331 2 days ago

    Love this guy!

  • Eva
    Eva 2 days ago

    Jesus Christ, he's gone full circle, awesome

  • Apple Green Tech
    Apple Green Tech 2 days ago

    Rich people that are cheap. Not cool.

  • FFSteve
    FFSteve 2 days ago

    That shot with the CNBC mug was priceless.... nobody was happier for a free mug than the guy making $1.6M a year.

  • Mauricio Paladines
    Mauricio Paladines 2 days ago

    Dude is inspirational

  • Einl Einl
    Einl Einl 2 days ago

    He’s doing well but his gym is too expensive. 🥴

  • Celadon Jade
    Celadon Jade 2 days ago

    you and your girlfriend are such a great match!!!

  • Dee G
    Dee G 2 days ago

    Does he give back, that is the question. When people make it they soon forget Helping others. ME, ME, ME.🤔

    • Vansh Rai
      Vansh Rai 12 hours ago

      Dee G Not giving back doesn’t make a you a bad person, it’s his money. He can do whatever he wants

  • Federico Grosso
    Federico Grosso 2 days ago

    Have you ever heard of colander bro?

  • Cherisna Properties
    Cherisna Properties 2 days ago

    I love watching him on TheXvid smart guy

  • LaloRacer1
    LaloRacer1 2 days ago

    Amazing! Truly an inspiration!

  • joel franco
    joel franco 2 days ago

    I love a frugal woman

  • Social_Commenter
    Social_Commenter 2 days ago

    So he makes 85% of his money from TheXvid by talking about how he makes the other 15%. What a time to be alive.

  • William C
    William C 2 days ago

    Step 1. Go to Google
    Step 2. Search this keyword: 123moviestoday
    Step 3. Enjoy!
    Living On $1.6 Million A Year In Los Angeles | Millennial Money
    going. Tough situations build strong people in the end.” “Success is not how high you have climbed, but how you make a positive difference to the world.” “Learn to light a candle in the darkest moments of someone’s life. Be the light that helps others see; it is what gives life its deepest significance.” “Do not let the memories of your past limit the potential of your future. There are no limits to what you can achieve on your journey through life, except in your mind.” “No

  • pie man
    pie man 3 days ago +7

    I thought this was a joke when I read the title. I thought this series hated him. WTF

    • george fra
      george fra Hour ago

      He doesnt roast the series itself more like the people on it, and he doesnt actually roasts them, but more like giving them financial advice

    • Vanessa Lindsley
      Vanessa Lindsley 4 hours ago

      pie man why would they hate him? Probably a lot of the viewers of his channel go to this channel after his reviews... or maybe they skip since you see most of the video on his? Idk

  • Gustavo Razo
    Gustavo Razo 3 days ago

    1.6 million a year is broke

  • Simon Cheung
    Simon Cheung 3 days ago

    Finally CNBC interviewed someone that I respect :) unlike most of the talking heads on tv, thank you CNBC

  • BrechtXT
    BrechtXT 3 days ago

    He couldn’t even splurge on a Model S?

  • Ian Hernandez
    Ian Hernandez 3 days ago +1

    I don't understand how having millions in debt but having millions in assets qualifies you as a millionaire. There are countless stories of people in similar circumstances during the great recession with the same conditions who lost everything. Sorry I'm just not buying it.

  • rosa rivera
    rosa rivera 3 days ago

    how do you like to buy a 1982 Toyota running excellent

  • Daniel Fly
    Daniel Fly 3 days ago

    That gym membership tho

  • Mumble
    Mumble 3 days ago +6

    Graham: let’s make pasta at home
    Broke people: Olive Garden? They have free garlic bread

  • Rodolfo Suarez
    Rodolfo Suarez 3 days ago +14

    The real question tho, is he really short, or is his girlfriend really tall?

  • S CP
    S CP 3 days ago

    That’s just what Warren Buffet does

  • Vince W
    Vince W 3 days ago +1

    9:30 How about donate it to a good cause? I didn't hear anything about giving back to the community. I guess that's not high on his millennial list, just living in his comfortable bubble. Sad really.

  • Joshua Leigh
    Joshua Leigh 4 days ago

    For those of us who want to make some extra money for Christmas, but don't have any money to get going, Multi Level Marketing is a good way to start.
    Click this link, and I make money. Set up a free account, I make money and you get your own account where you make money! No start up costs, no hassle. Simple, free, easy Christmas money.

  • Lilli R
    Lilli R 4 days ago

    Graham makes an exponential amount each month, yet hardly or occasional splurges by saving 99% of his income. A good trait to have however, I find him very boring as all he does is make and make and then splits the bill with his Girlfriend!! whatever mate.
    Both are boring! neither one or the other shouts each other from time to time. He simply is so proud of his frugal achievement to the extent, he may as well go work for $20 per hour and forget TheXvid. He has no desire to make millions or billions but he'll be happy to make 10 million ffs 😀.
    Graham loves his money to much that's why he's frugal. Lossen up a little, it won't hurt if your making more than 220,000 a month. If the entire world did what he does, the economy won't spin. Stop being so tight the more you make the more you should be spending, supporting your communities etc without putting a hole in your budget cause basically that's what you have, a budget. You can't be to tight and selfish with money it needs to circulate. Did you think about that? and stop saying it's my money, it's not your money its other people's money too. 👋

  • victor toombs
    victor toombs 4 days ago

    Graham Stephan's channel is a total waste of time. He doesn't dispense any info you can't get out of a book or on the internet for free. Smh.

  • Bekah's Beauty
    Bekah's Beauty 4 days ago


  • Bekah's Beauty
    Bekah's Beauty 4 days ago +1

    He needs to hang out with Ned from try guys I feel like they’d get along

  • aRcTiCbLu3
    aRcTiCbLu3 4 days ago

    Became a Millionaire at

  • Dani Does
    Dani Does 4 days ago

    I'd love the snarkiness of him doing a reaction to this. .. PLEASE DO IT GRAHAM!

  • Sergio Arroyo
    Sergio Arroyo 4 days ago +3

    "Ok, I know it sounds weird too, but I do end up rewarding myself every now and then .. at McDonald's from the dollar meñu"

  • Will Armentrout
    Will Armentrout 5 days ago

    if anybody would become a billionaire tho it would be graham

  • Mmathulo Sejake
    Mmathulo Sejake 5 days ago

    To think that I discovered CNBC Millennial Money by watching The Graham Stephan Show

  • Tricia Leftwich
    Tricia Leftwich 5 days ago

    This is amazing. Period. Thank you

  • Steve Arce
    Steve Arce 5 days ago +1

    A LOT of High Interest Bearing Savings Accounts? In This Age of Negative Interest Rates?!

    • doskgod
      doskgod 2 days ago +1

      Steve Arce he probably means 2% interest accounts. Also I think savings account is really just a vault for him to stack cash as down payment for more real estate properties so it’s going to be used very soon

  • Steve Arce
    Steve Arce 5 days ago +1


  • Adrianna C.
    Adrianna C. 5 days ago

    I’m 23 and have a LARGE chunk of money saved up. I’m very similar - I’m super frugal and save most of my money. I would love to invest in real estate but it’s a little scary! I have worked long and hard for that money... idk lol he is making me want to just do it

  • Anton Shemarin
    Anton Shemarin 5 days ago

    I cannot believe he spends $220 on a freakin’ gym membership! I used to pay £20 but ended up cancelling due to finding a better value. Heck it’s such a disappointment.

  • Money and Life TV
    Money and Life TV 5 days ago

    Way to go Graham! So happy for this guy.

  • Max Wayne
    Max Wayne 6 days ago

    We need smart people who can bring their creativity into this world and help us maintain this beautiful planet and make smarter and brighter future for us and our next generations! TheXvid is full of these big title attention gathering videos which makes people think everything is about money and being rich is the highest goal one can achieve !! (Which are also made to bring views and money).

  • chrishewittpiano
    chrishewittpiano 6 days ago

    Awesome video! Graham rocks!

  • Beraud
    Beraud 6 days ago

    Yikes, this guy is bragging about supporting companies like h&m which basically has slaves making their products in awful working conditions and about ripping off his tenants by charging them market value when he himself pays under market value for the two units. This guy is a sociopath. I’m super surprised he has a girlfriend, and wait staff must hate him constantly ordering one meal for two people so their tip is less. There is a difference between being smart with your money and being downright exploitive.