George Kamel - I Asked People How Much Their Rent Is (New York City)

Episode Date: August 17, 2026

💵 Start your free budget today. Download the EveryDollar app!   I’m here in New York City, where the citywide median rent for a two-bedroom apartment is about $2,500 bucks! So we’re hitting the streets to ask New Yorkers how much they’re paying to live here and how they’re affording it.   Next Steps: • 🎥 Watch my video I Asked People If They’re Rich (Beverly Hills). • 📈 Are you on track with the Baby Steps? Get a free personalized plan.   Connect With Our Sponsors: • Go to Boost Mobile to switch today! • Get 20% off when you join DeleteMe. • Go to FAIRWINDS Credit Union for an exclusive account bundle! • Sign up with Privacy today and receive a $5 credit just for being a George Kamel fan.   Explore More From Ramsey Network: 🎙️ The Ramsey Show 🍸 Smart Money Happy Hour 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 📈 EntreLeadership   Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

I'm here in New York City where everything is notoriously high, the cost of living, the buildings, and sometimes even the people. But today we're going to focus on the cost of living. Everybody's always wondering, how do people afford to live here? What are they paying in rent? Well, instead of just being curious, I'm going to do something about it and ask the people of New York what they're paying for rent and if it's actually worth it. So before we talk high cost of living, let's give a high five to delete me for sponsoring the channel. Let's go. All right, what does rent cost you right now in Williamsburg, Brooklyn?

So I actually have like a fun living setup. We live in the top two floors of our building and it's a really big unit. So there's five of us who live there. Whoa. It's five bed, five bath. This is a huge place. It's a huge place. It's the top two floors.

So it's really big. So it sounds like a lot when I explain it to people and they're like, I don't know if I could live like that. But we two floors, five bedrooms, five bathrooms. Everyone's got their own private bathroom. Terraces. It's a gorgeous place. Yeah. What does it cost?

total? Total. I'm not sure because every room is slightly different depending on the side, but at size, I pay $1,600 for mine. $1,600. How many square feet is that for you? It's a really small room, but it has a really nice bathroom. That's just mine, which is the bathroom's as big as the bedroom pretty much? Honestly, basically, yeah. Wow. Okay, that doesn't feel too bad. Now, 1600, obviously you've got five roommates. Is it like chaotic in there, or does everyone kind of keep to themselves? It's a little of both. I explain it to people as like, it's kind of like the real world, like, the

TV show. You're living with these people who are kind of... How do you find these people? So one of my friends lived there before me, so I moved in then, but I didn't know the other people when I came in there. Oh, wow, but they're all cool. For the most part, yeah, I mean, it's kind of like I feel lucky because I don't really cook, but if I was using the kitchen... Can they cook for you?

No, see, I'm like a takeout or order or, you know, easy, easygoing. If I was cooking every day in there, I feel like it might be different. Oh, like it'd be more chaos. That's the one space that's shared between everyone, the kitchen. What's the ground rules for the sink situation? Who's running the dishwasher? Who's unloading it? That's where the fights come along in the group chat.

That's where the arguments happen. It's who's not cleaning up after themselves in that kitchen. Oh, boy. Okay, what percentage of your take-home pay is this rent right now? Like, is it eating up half your take-home pay? I'd say, like, a slightly less than half, yeah. A little under half. Are you able to save and invest beyond that, or is there not much margin after take-out rent?

Yeah, New York's expensive these days. I'm kind of just like pushing, push and pushing. Hopefully soon they'll be more saving. But right now I'm just like go, go, go, pay the bills. And what's left over, I have fun with, honestly. You're like, that's a problem for future me. Future me, definitely. Turn me wants DoorDash.

Right. I should be thinking more long term, though. Okay. How old are you? I'm 28. Okay. 28 years old. What do you do for a living?

I'm a hair colorist. Oh, nice. Okay. How would you color my hair? I feel like, have you ever been blonde? No. I don't think I would be a good blonde. Why? I think I feel like it could work for me.

I'm pale, I have a reddish beard. There's a lot of things not working for me. I feel like it could be a fun moment. I'd say don't count it out. Are we talking like frosted tips here? Are we going like... Go for the full thing. Go for it. Or we'll have to Photoshop that and post and see where we land on that. So what is your biggest financial stressor right now?

I would probably say just like making sure I am all together for all my bills, right? Because you have your rent, but then it's not just that. Like I have a storage unit, because, The apartment's really small. I pay for that. All the other bills that come along, like my credit cards, my phone, like all these little things, my utilities. I just want to make sure I have like everything. So that stresses me out. But then after that, it's kind of like, okay, now I can do my fun things. Yeah. How much debt do you currently have altogether? Really? None. I mean, I have my credit cards, but it's nothing crazy. Yeah, no, I don't have student loans or anything like that. I'm good. I feel solid with my debt situation because I don't really have much. Okay. So overall, you feel pretty financially healthy. Yeah, I mean, it could always be better, right? I'm in an upward swing in my career right now.

So hopefully, like, as within the next couple of years, I'll be making a decent amount more. But for right now, it's, like, doable, right? What would you say for, let's say someone moved to New York and they wanted basically your life? Like, what is the minimum they would need to make to say, yeah, you can live here. You'll be okay.

I would say, like, minimum, and you'd be, like, scraping the barrel a little bit. Maybe, like, $3,000 a month. Like, you could do it for $3,000? Oh, yeah. I mean, if there's a will, there's a way. I lived in Bushwick. I lived in Bushwick, for a time in the past.

And with roommates for like $900 a month, there's definitely a way. So that's like on the low end. And then if you want to have your own place, a studio apartment, what kind of income would that require? Well, so when I moved into this Williamsburg place, I was looking at studios as well, just kind of seeing like the price range. I say you're not finding one for less than like $2,600. And that would be like something small.

And definitely like maybe a not desirable area. Like, yeah. Okay, so have roommates is the financial life hack right now. Have roommates to get here and then work your way up. Work your way out of the roommate situation. Start somewhere. Got it, yeah. I love it.

So what would you say, is living in New York City worth the cost? Definitely. The good outweighs the bad. I just think there's nowhere else like this. So do you rent in New York City? I do, yeah. What area? Up in Murray Hill, Midtown, Lake South area.

What does rent cost you? Me, I have a roommate. We live in a, we live in a two. two bedroom right now. We each pay like just under 2200. Yeah. Talking 4,400 bucks? Yeah, we got a steal. Who got the better room? I did because I found the apartment. Dang, finders keepers. That's the rule. Okay, $2,200 and you're a student? I am, yeah, I'm a law student. How do you afford the rent? Well, I've been taking out some loans and I work during the summers. So currently, you don't have any income. You're using the student loan debt to pay the rent essentially? Yeah, right now.

Yeah. Okay. How much student loan debt do you have total right now? Probably around 200. 200 plus. Yeah, but just like that's for all three years of law school as well. Is that all of it? Three years?

Yeah, for three years. Okay, so you'll graduate with, let's say, $250,000 of debt? Yeah, maybe less. Yeah, probably like around that, maybe less, yeah. Do you have any other debt right now? No. What's your biggest financial stressor as of this moment? Um, definitely, definitely rent for sure. That's number one. Aside from tuition, but the loans like kind of go to that.

So how does this work? Like you got to pay rent next month. And is the money just sitting in a checking account from the student loans? I calculate how much loans I need. They kind of give it to me like with the amount of factored in for rent, for food, for transportation. And then they give me an amount per semester. And then I use that to pay my rent and my other expenses. food, transportation, yeah. I got it all sorted out. What's the game, what's the game plan to pay this off? Big law. Big law. Yeah. Okay. So you're going to work for a big firm? Yeah. What do you expect to make out of law school? The standard rate right now is around like 200. For new grad. Yeah. Are you busting it? Like is it grunt work? Oh yeah. No, it's intense. But I'm willing to do. Like 80 hours a week? I don't actually quite know yet, honestly. But whatever, whatever they, whatever I got to do, like,

I'm going to do it. I mean, I've seen better call soft. So that's most of my knowledge of law right now. That's most of my knowledge of law right now, too. That's frightening. You think I could be a lawyer? Yeah, I think you could. I think anyone could be a lawyer. Anyone could do what they...

That's frightening. Well, you just got to have the work ethic, you got to put in the work. You got to have time management. That's what I'm saying. Like, number one is time management and dedication for sure. Is financial management part of that you think or not really? Absolutely. Yeah.

I mean, it definitely contributes to your overall stress management, too. If you're not, you know, managing your finance. in the right way, then you're not going to be able to be in the right headspace to be able to do well in school, and it's a trickle-down effect. Yeah. How big is your place? Like, do you know the square footage? Yeah, it's around 1,000 square feet.

Total. Yeah. You get 500 apiece. Yeah, no, it's big. Split the kitchen. Is there a living room? It's a nice big living room. It's a nice big living room.

Okay. Yeah. Spacious. This is a nice place, I imagine, for $4,400 bucks. Yeah, yeah, it's great. It'll get you a lot in New York City. Oh, yeah. It's rent stabilized, too.

So it's definitely, it's worth around, like, I think 7,500 free market, but yeah, we got it. We got it nice. That is insane. So you would not rent here if it was $7,500. Oh no. Oh, no, no, no, no. What's the max you would pay for rent to New York City?

Honestly, like, since I got this option to pay $2,200 in rent for a two bedroom, like, that's kind of my floor. But honestly, before I found this, I was willing to pay around $2,500. Yeah. Okay, so is it worth it to live in New York City? Absolutely 100% move here. now. For anybody that is thinking about it. For anybody. This is where it dreams. What if you can't afford it? What if you can't afford it? Then yeah, definitely you got to be smart. Obviously, like factors

considering you got to be responsible. You got to make sure that you can do it. I mean, on a technical level, you can't afford it right now. Right. Right. Technically. But I'm setting myself up in the future to be able to afford it. It's all, it's our part of the point. You're setting yourself up to be able to pay back the rent money that was due for a couple years. Exactly. Yeah, you got to spend money to make money, right? Dang. So everybody's making money. The landlord's making money. The student loan company's making money. Except for you. They got you broke. It's a symbiotic relationship, but I'll get mine one day. And you'll pay some New York City taxes when you become a big time lawyer? Some of those, yeah. Are you going to represent me one day, you think? Sure, let's do it.

What kind of law are we talking? Real estate law, ideally right now. Okay, so I'd have to be in some real estate trouble. Right. Real estate trouble, yeah. Or just like, you know, if you're trying to acquire a building, like trying to get a, you know, get a loan lender side financing, buyer side financing. Listen, if I'm ever trying to acquire a building in New York City, something very good has happened to my life. Yeah, great. Well, let me know.

I'll be right here. Appreciate it. I'll give you a call. Yeah. Don't call me. I'll call you. Okay, yeah, call me. What do you pay for rent?

I pay $2,600, fortunately. Okay, is that a studio, one bedroom, two bedroom? What do we talk? Actually, a four bedroom. Four bedroom? Co-budys from SMU at school. Okay, so $2,600 for four bedrooms? Is that just your share?

That's my share. My share of the four-bedroom. So we're talking, what, 10,400 all in for this place? You do the math, that's exactly what it is. That's just, I don't know if I did it right, but that's my best guess. Yeah, you did the math right. Wow. Okay.

How much of your take home pay is that at 2,600? Like, is that over half, under half? Where are we at? Per month, I'd say it's under half, under half. Okay. Like if 5,200 landed in your bank, half is going back out to rent. Yes, exactly. Under half of that is rent.

So you still have some money left over to live your life? life and enjoy it? If you do the math, yeah. If you do it, if you do it well. I don't know your bills. You know, do you have any debt right now? No, no debt. Luckily, school paid for and so...

Wow. Like scholarship or what? You saved up? Scholarship, blessed parents, cannot complain. That's impressive. What are you studying? I'm not in school anymore. I graduated in May.

What are you doing? Working in finance, so... Hey, yeah. Okay. What kind of work in finance? Like, do you think I could do it? Because I also work in finance, but I'm a YouTube. It's derivative trading, and so a bit more technical than like your best in banking.

I hurt my brain when you said derivative trading. If you had to explain in layman's terms to a guy with my IQ, how would you explain? Like grandma's like, what's derivatives trading? How do you explain it to her? So I'd have to like break it down to like what a derivative is. Essentially derivatives track underlying assets. So I'll give you that much. But it's going to be, for a grandma's going to be a longer conversation to stay five to

I'm in a spiel. I'm not even going to, it's too much. It's too much. We have a whole master class you could give us on this. You got a couple roommates. What's it like living with roommates? A lot of people don't want that life. They go, I'd rather have my own place.

Roommates are terrible. You know, when you have a good group of friends from school, living with roommates isn't as bad as it might seem. Now, it's like a random roommate situation. That might be a show. However, I was lucky to have friends with my fraternity. And no, Craigslist roommate. These are your bugs.

You guys in your mid-20s? Yeah, we're all the same. I'm about the same age. So, yeah, yeah, it's like you're all doing well for yourselves. We all, yeah, yeah, all of us are either in IBE, real estate, or banking, so. What's your biggest financial stressor right now? Just moved here a month ago and trying to figure it out. So no stressors yet. Maybe just making a nest egg for myself. Are you investing right now in your mid-20s? I mean, of course. Yeah, yeah. You got to be if you're in finance. Exactly, right.

Okay, what are you investing in? What's your strategy? I'd probably tell anybody to look at the Vanguard. So Vanguard Index, I track. the S&P. You a V-O-O guy or VTI guy? I'm a V-O guy. Yeah, yeah, through and through. Very low management fees. And, yeah. You could be a VT. Sachs for all I know. You know, there's so many of them. A lot of flavors. Yeah, exactly. Pick what you want and go with that. And you're just like a, you know, dollar cost average guy every month. You just put it, put in the account, don't look at it. Yeah, Roth, IRA, things that nature, just to set yourself for

for retirement, stuff like that. I love it, dude. Way to go. You're crushing it. So, last question is living in New York City worth the cost? A thousand percent, through and through. On my way here, I was like, there's jazz in the background, beautiful day in the city, headed to the gym, and I mean, I really cannot complain. I love this place. You're living on Cloud 9 right now.

I really am. I really am. I'm trying to like bottle this energy and take it home with me back to Tennessee. One thing that's true here in New York City, rent is not cheap, but talk is thanks to Boost Mobile, a sponsor of today's video. It's just 25 bucks a month forever on their limited plan. And unlike your rent,

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$25 forever requires customers to remain active on Boost Mobile Unlimited Plan. Now, your rent may not be something in your control, but you know what you can control? Who you bank with. If you're out there getting hit with fees and charges, the good news is there's a better bank out there. And for me, that's Fairwin's Credit Union, another sponsor of today's video. They've got a no-feet checking account and over 35,000 fee-free ATMs.

And their smart bundle includes a high-yield savings account, that no-feet checking account, and a Ramsey-themed debit card that says debt is normal, be weird. So switch to a bank that helps you take control of your finances instead of tries to screw you over. Go to fairwins.org slash Ramsey. What do you pay for rent? So I live with two other roommates. Our whole entire apartment is 3,300, so I'm paying 1,100. 3,300 total split between three guys.

How'd you find these guys? We actually go to school together. That's convenient. You like them? What's the roommate life? I haven't had roommates in a while. So is it a good vibe? No, I think it's a great vibe.

Like, we're actually like, one of us is a first year, one of us is a second year, and one of us is like a third year. So we're all like in different stages of the program, but we all get along really well. I'm a cinema student, and they're both on the music. side of things. So we kind of contribute. They do like sound mixing and media composing from my films and I kind of like help them like get on sets if they want to do like sound recording and things like that. So we kind of help each other get money, which is. Hey, that's that's a great

brotherhood right there. So are you working right now? How do you afford this rent? Oh, so I work at a camera store actually just over there on 22nd Street called PhotoCare. I've been working there for about two years. Nice. And that's enough to pay the rent and some lifestyle. Enough to get by. Are you in any debt right now? I think right now I'm sitting at about 70,000. Okay, and that's not too crazy for you. Not too crazy. I know people who are way deeper in debt.

So your logic is, well, some people are in worse debt, so I'm doing pretty good. Okay, 70 grand in debt and you're going to continue to go into debt for grad school at this point or what? I got one more year left, so I'm already like almost done. So I'm just going to finish it out and then call that a sunk cost fallacy. Do you ever hear of that? I haven't. What is that? It just means I'm already here.

Might as well keep going. I've already put this much time and effort and money into it. Let me just add to the pile and figure it out later. That's kind of the idea, right? That's exactly where I'm at. That's most students, especially those living in New York. Okay, so what percentage of your take home pay is that $1,000 rent at this point? I'd to guess.

Is it like half? Is it more than half? I'd say it's like a little less than half, maybe like 45%. Yeah, yeah. Of what you're actually taking home in your bank account. What is your biggest financial stressor right now? I guess like rent, definitely. That's like the thing that I'm thinking about the most every month.

I get paid biweekly, so I'm always thinking, all right, if I blow this check, I got to make sure I prioritize the second end of the half. I mean, second end of the month check, making sure I'm prioritizing that to make sure that I can actually pay my rent at the beginning of the next month. How do you plan for that right now? Is it in your head, kind of vibing? Mental math is our strategy financially. Shout out elementary school, mental math, definitely. Have you ever tried like a budgeting app to get control of this?

I haven't. If I'm being on this, I haven't. Would you try one if I gave it to you? Yeah. All right. I'm going to hook you up with one called Every Dollar. This is the premium version. So right here, if you just sign up, make an account, you'll list your income, your expenses.

It'll connect your bank account, that whole nine yards. It'll give you personalized recommendations for your situation so that we can get that margin. So margins the gap, right? Between how much you're bringing in and what's going out. And the goal is, let's have some left over. Okay, yeah. Right? To get out of debt, to pay our bills, to invest and save one day. Are you doing any investing or saving right now? Not as much as I probably should be. So this is a good start.

Is it disappearing into just like life and bills? 100%? Even as a student. Like are you guys going out, having a good time? Where does like the majority of your money go outside of your, you know, just rent and utilities? I mean like, you know, food, hanging out with friends, you know, girlfriend, things like that, you know. Oh, girlfriend. That'll cost you. Is living in New York City worth the cost? you. Well, I've only been here two years, so I'm still figuring that part out. I was actually just telling some people on the crew before this that after my last year of grad school, I'm still trying to figure out if I want to stay here or if I want to, you know, leave back home.

Where's home? Maryland, just outside of D.C. This place called Silver Spring, Maryland, if you've ever been. But that's home. I love it there. But I also love New York, you know, opportunities. I'm a film student, so there's a lot of like film opportunities being on sets, things like that. So I love the opportunities that I have out here. And, you know, I don't know if I get that any other place. So, you know, this is a good place to be. I wish you the best. If you ever end up directing some big-time movie, will you cast me, at least as an extra? Can you act? I'm acting like right now. Does this, does this count? Yeah, counts. Yeah, I'm on camera. True, true. I'm pretending to, you know, be cool, right? Am I cool? Yeah, no, I think you're pretty cool.

It's all pretend, baby. That's acting. That was the best acting I've ever seen in my whole life. What do you pay for rent right now? A little over 1900. Okay. Is that, you're Just you? No, I have two roommates. All right, so. It's a three-bedroom? Three-bed, two bath. Who gets their own bathroom?

Well, we share the top floor, so there's a bathroom with a shower there, and then downstairs they have their bathroom with no shower. So you got a couple of roommates, 1900? Yes. How much of your take-home pay is that? Like, are we talking half your take-home pay is going to this place? I would say a little less than half. I would say more around 40%.

That's the going rate so far. Most people have said it's a little under half. Out anywhere else in America, you could probably get away with more of like a quarter, maybe a third. New York City, that's more difficult to do, I imagine. Yes, a lot more difficult, but I know I make the sacrifice to live in the city. It's worth it. I do have to be a little bit more frugal in other areas in my life, but I think it's just, I wanted to live here for so long.

It's worth the price. Yeah. What do you do for a living? I work in tech in customer success. How long have you been in that field? About a little over two years. If your friend was to move to New York City, what would you say is like the minimum income you need to sustain a decent life here? It just depends. I mean, I know some people that can live off 60K and I know some people that are more comfortable at 150K.

It just depends on what you want to spend your money towards. I would say the range that I've seen that's comfortable is a little bit over 110K at least. That's where it starts to get a little bit like cushy. Like you have some margin. I can save money. I can travel. You know, I can do a couple of fancy dinners every now and then. Are you able to save it or invest right now?

Yes, but not as much as I want to. Okay. So I... But anything away in retirement, for example? Yeah, like I have the 401K thinking of Roth IRA, so I have a few of those. Nice. Definitely would hope to, in a few years' time, save a lot more. Ramp it up.

Riddle me this. What's your biggest financial stressor right now? Other than rent? I mean, I do love to travel, so kind of saving up for that. But it's the rent problem. rent and you know food could get expensive here too and going out you go out a lot I do how many meals out versus in you think what's the percentage ratio oh gosh I try to do like 60% at home 40% out okay a lot of my outings with my friends surround food so all right last question is living in

New York City worth the cost a thousand percent a thousand percent and a lot of people I do recommend to save if you can but if that's not possible, take the leap. You'll figure it out. Even if you're broke, like, just show up. You'll figure it out. You will. And I... People have done it with less, I imagine. They've done it with less. And you'll figure it out. Because you got to be willing to sacrifice. Exactly. If you put in the work and the energy, the city rewards you. The city will reward you. I like that energy. Well, I appreciate it. Good luck. Thanks for being here. Nice to meet you. Too. Okay. What does rent cost you in Williamsburg, Brooklyn?

I live in a two bed. The entire unit is 4K. I pay $2,300. Okay, you got the bigger room? I do. Unless you got just the short end of the straw there. No, no, no, no, bigger room. Okay, so you got a roommate, $2,300. Is that a big percentage of your take-home pay? Like, is it over half, under half?

Like, where are we kind of land with that? It's definitely under half, but it's my most significant expense, for sure. What's the next biggest expense living in New York City? Probably some kind of mix of just, like, food, slash going out. Just kind of lifestyle. Right. Yeah. Do you cook a lot?

I cook at least twice a week, and then I have leftovers. I make breakfast every day, but dinner. like half the weekend, half the week out. Okay. What do you do for a living? I work in PR. I'm a consultant. Nice.

That's cool. How long have you been doing that? I didn't move to New York until this past October, but I've been in, so with this company, it's been just under a year, but I've been in the industry for four years now. Nice. And you're enjoying New York City, I imagine? I love New York City. You want to be here long term?

I think so. I mean, this summer was fantastic. The Nix World Cup, a place to be. There's a whole vibe happening right here that I'm really enjoyed. Okay. What's your biggest financial stressor right now? Probably, Brand. We just got to notice that they're going to raise it by a couple hundred for next year. So I think we're going to try to move somewhere else. What's their reasoning?

I'm not the primary lessee despite having the bigger room. So I actually didn't read the letter myself. Okay. They were just like, hey, it's going up. And you're like, all right, what am I going to do about it? Yeah. No, we'll find somewhere else. I mean, there's so much demand that, you know. You think prices are going to go down because of how much supply there is versus demand or what? I don't know. I know that, like, you know, there's the rent freeze that was recently implemented for, like, rent-controlled units, so hopefully that'll help a little bit. I know Mamdami's trying to make some changes, so. Are you able to save or invest any money right now?

I have savings. I suck at finances, so I'm not investing, but I could be, theoretically, I think. Theoretically, there is money to be invested. Yes. Do you have any debt right now? No. I've been fortunate on that front. Hey, you're not doing as terrible as you think with your finances. You're doing better than most of America. Let's go. Congrats. Okay, so is it worth it to live in New York City with the whole cost of living? I mean, financially, if it's feasible, I'd say it's worth it, even if you got to, you know, make some sacrifices or cut some pointers.

It's, I think my quality of life is the best it's ever been, but maybe my finances are not the best, but, you know, that's okay. I love it. Well, thanks for chatting with us, man. I'm going to gift you this. This is our premium budgeting app right here. So you told me you sucked at finances. I don't know how much I believe that, but I'm going to help you get your finances unsucked, okay? We're going to make it better.

This is a budgeting app called Every Dollar. You can plug in your income, your expenses, tie it to your bank, bring in all the transactions, and you'll get personalized recommendations to create more margin, which is what you're wanting right now. More wiggle room to do what you really want, to invest, save, whatever it may be. Hope it helps you. Thank you. It's hard to shock me anymore, but let me tell you, I was shocked by the rent people are paying in New York City to live here. Most of the time, it was upwards of half their take-home pay disappearing immediately.

to rent. Whether it's solo in a studio apartment paying $3,600 or renting with five roommates, people are making it happen because they want to live here at all costs. But here's the deal. If you want to do it right, try to keep your rent, your mortgage to 25% of your after-tax monthly income so that you have margin to invest, to save, to give, to budget for that vacation. That's how you're going to live your best life. So if your rent is $2,000, hopefully you're taking home around eight grand to make that all happen. That's easier said than done. But as you can see, people are out here making great incomes and they're living their best life with no regrets. So if you enjoyed this, if you think these people are rich, wait to see the people I talk to

in Beverly Hills when I ask them one million dollar question, are you rich? That video is coming up next. So click here to watch it or use the link in the description. Thanks for watching. We'll see you next time.