Asking Strangers How Much MONEY They Make (Newport Beach)

how much do you make per year what's your biggest tip when it comes to saving money do you have any advice for people that want to become millionaires what's your biggest personal finance hack do you have any tips for people that want to be able to make like a high income like that what is your net worth my net worth i have no idea she's my boss that's awkward honestly i have no idea what my net worth is hey everyone so we're here in newport beach one of the wealthiest areas of the country and today we're gonna be asking people what's your net worth and how much money do you make yeah something i'm always intrigued by is what people do how much money they make what they invest their money into i feel like the world is just not transparent enough it's still a little bit taboo to talk about this type of stuff so we're gonna hopefully get some good answers today because i know it is quite personal to ask people how much money they make and what they're worth so yeah some very vulnerable questions but we'll see who bites let's go [Music] all right so what's your name and how old are you i'm chris i'm 30. what's your net worth about 200 000 how much do you make per year 150 what do you do i'm a consultant for what company bruce island so what's your monthly rent i'm kind of lucky right now i'm renting with a friend so it's only a thousand dollars okay what's your best personal finance hack don't spend too much time figuring out how to save pennies it's more productive to learn how to make more money look for free things on craigslist slick deals do you use that size also yeah but i mean that's one of the traps like don't spend too much time browsing and like trying to find like 50 off just try to make 10 000 more dollars thanks guys thank you thank you yay do you have a second to answer some questions no all right so what's your name kathy hope what is your net worth two million at the height of your career how much were you making 200 000. and what did you do insurance broker do you have any tips for anyone that wants to become an insurance broker don't go into the business they lower the commissions too much what's your biggest expense right now real estate taxes and long-term care what's your biggest tip when it comes to saving money well you have to make a lot of money to save a lot of money cool thanks so much do you have a couple moments to answer some questions about personal finance oh i know i don't do that okay nurse why didn't you spell with me what's your name and what do you do my name's rachel and i am in charge of our customer care department at tubby todd bath company based in carlsbad california natural skincare products for your whole fam what is your net worth my net worth i have no idea [Laughter] she's my boss that is awkward honestly i have no idea what my net worth is how much do you make per year about 65 000 what's your biggest expense right now my child how much does your child cost two grand a month kids cost a lot of money what is your biggest money-saving tip don't impulse shop take a second and think about it because most the time you're just buying it to make yourself feel better and then once you buy it you don't feel better you know the the happiness that you get from buying something is fleeting so give yourself a second thought thanks so much high five good job thank you thank you isaiah real 31 and i'm a certified financial planner what's your network net worth oh gosh 700 000 and how much do you make per year 300 000 do you have any tips for people that want to be able to make like a high income like that don't have debt if you want to start a business just take the risk and what's your biggest personal finance hack for like saving money dollar cost average just invest money and let it do his thing what's your biggest expense right now our wedding what how much is your wedding in the class 45 000. wow okay don't get married you guys that's very expensive thank you so much thank you my name is greg perez i am 34 and i am a budget analyst what is your net worth let's say 120 000 and how much do you make per year 70 000 per year what's currently your biggest expense our mortgage how much is your mortgage about 2 000 a month what's the most expensive thing that you own our car and how much is that 25 000 thanks so much my name is ashley adams i'm 30 years old and i'm a graphic designer and artist what is your net worth i don't know how much money do you make per year 95 thousand do you have any tips for anyone that wants to get into graphic design i would say uh pursue higher education so get your mfa in design and then really network with professionals and try to build up your portfolio what's your biggest personal finance tip for saving money ooh definitely budget and uh save more than you think you need what's your current biggest expense right now i would say either her so emergency vet bills because she's a senior dog and my car payment what's your car payment with insurance is about 500. thank you so much thank you my name is mustafa i'm 38 and i'm a technology ceo for a company in irvine california what's the company called it's called zoom transportation we're like an app that connects trucking companies with shippers on an automated platform what's your biggest personal finance hack diversified like in terms of investments or you always want to diversify you want to put a little bit of your money into precious metals into digital currency into stocks invest in companies and then also invest in real estate and then keep some cash what advice would you have for aspiring entrepreneurs don't wait too long and start chase your dreams and think of the craziest thing you can do and go for it amazing cool thank you so much michael johnson i'm in commercial real estate what is your net worth it's hard to say but over four million maybe how much do you make per year well it depends it all varies every year so usually five to six hundred okay do you have any advice for anyone that wants to get into commercial real estate you just have to work really really hard and make a lot of calls you make calls and it's not as hard if you don't make calls it's very difficult being persistent which is really any job what's your biggest tip for saving money i think you just need to save as much as you can and buy things that you can't spend what is your current biggest expense right now probably the kids education food how much is your rent or mortgage my house is paid off any advice for aspiring entrepreneurs just immerse yourself like you have to work harder than everybody else it's harder to do than you can say but you just have to learn and take advantage and sometimes opportunities will show up because you're working hard awesome thank you so much my name is michael torres i'm 28 and i work in sales for software company what's your biggest personal finance hack live below your means and how do you do that being smart with your money and what you make decisions with it so what do you invest your money in spiritual health my family how i spend my time thank you so much thank you thank you cheers my name is paul i'm going to be 80 years old and i'm in real estate investments first of all you look fantastic for being 80. thank you do you have any advice for anyone that wants to get into real estate investing yeah get into real estate investments is it the best thing you've ever done yeah you know real estate is the ideal investment i d e a l i is for income d is for depreciation e is for equity build up a is for appreciation and l is for leverage there's no other investment that offers all of those do you depreciate your properties yes accelerated depreciation yeah what's your philosophy on giving back in charity first of all i believe that god owns everything and we're just stewards and so our family believes in giving while we're living so we're knowing where it's going and we only accumulate wealth in order to give it away and so hopefully by the time god takes me home we've given it all away that's that's amazing the goal and actually giving is more fulfilling than accumulation most schools teach people how to accumulate wealth but not how they deploy it for good and for high impact thank you so much thank you [Music] i'm matt i'm 38 and i work in the tech industry what's something that you like to splurge money on i guess my daughter does money equal happiness i don't think so no what has been the best investments you've made to date i think traveling spending time with with friends and family do you have any advice for younger people that want to get into tech maybe don't be afraid to like reach out to people for help sometimes that can be kind of like intimidating or scary thank you so much yeah [Music] my name is justin i'm 26 and i'm a medical student being a medical student what is your net worth negative 250 000 do you want to get to medicine for yourself or because of your parents for myself i can't see myself doing anything else do you have any advice for people that want to get into medicine just make sure you do your research and you know what you're getting into it's a little bit heartbreaking being in school at 26 and seeing everyone else make money but just know that it's worth it and if you really love medicine and can't see yourself doing anything else then it is the right choice and uh i no regrets at all so being a student what's your biggest expense besides tuition rent obviously i mean and how much do you spend right around thousand eleven hundred a month yeah what's something that you like to splurge your money on expensive food sushi especially like you know those hundred dollar dinners but only for celebration you know okay yeah and then what's your biggest tip for saving money setting a budget i guess in med school if you do run out of money you can always just take more loan money out i guess that's a problem for future justin so i guess it's a little different in my scenario but definitely setting a budget is good thank you so much thank you daniel 27 i do software engineering what do you like to spend your money on going to the spa getting massage going in a restaurant once in a while how often do you get massages not not too much maybe like once or twice a month or something do you have any tips for saving money get a roommate i'm actually looking to do that especially in california the rent is crazy and i guess the other one is don't eat out too much which i'm kind of guilty of what's the piece of advice you give someone that wants to get to software engineering you can go to school for it or if you want to learn it on your own there's like boot camp programs for it that you could do at your own pace online did you go to college yeah i actually went to uc irvine i did it that way but some of my friends took some boot camp courses and they're doing pretty well they work at like the big tech companies thanks so much my first name is frank and i'm 76 and i'm retired what is your net worth over a million do you have any advice for people that want to become millionaires manage your money and know what you're doing and be smart what's your biggest expense right now my gorgeous girlfriend what is the best thing you've bought in the last five years probably my jeep grand cherokee any tips for saving money no use your head and you know and think twice and act once thanks so much thank you thank you richard inouye i'm 70. i'm retired what is your net worth two million what did you do before i was a cfo for multiple companies in the entertainment business do you have any advice for younger people that want to get into the entertainment business keep your priorities straight your family is most important work is way down in the priority list if you keep that priority then if you're happy at home happy with your family and stuff like that work will come i love that and what do you like to splurge your money on food yeah do you have any tips for saving money to invest wisely to not put all your money into one basket i like real estate especially in california because it can't you know it always goes up no matter what it always goes up and diversify your funds as much as you can what has been the best investment you've ever made real estate is it like a certain property or no just homes single family cool thanks so much okay appreciate the time so as you guys probably heard i talk to people of all different you know net worths and stuff but one thing that stood out to me is that a lot of people really were big on budgeting and a lot of like the more high net worth people were really into real estate so that's why i'm such a big believer on real estate as an asset class you can make a lot of money doing that so there you have it guys asking people what their net worth and you know all these personal finance questions here in newport beach california i'm gonna be honest it was a little bit nerve-wracking to ask people that especially strangers on the street i've never done anything like this before but like i always say you have to get out of your comfort zone if you want to move ahead in life so that's what i'm doing right now and we're gonna be doing more videos just like this where i go to you know different cities and ask people what they do how much money they make and what their net worth is so if you want to see videos like that make sure to hit that like button if you enjoyed the video and then subscribe if you want to get notified when we drop videos like this i'll see you guys in the next video peace [Music]

Channel: Charlie Chang

Views: 597,482

Keywords: asking rich people what they do for a living, street interviews, street interview, newport beach, california, ca, talking to rich people, net worth, asking incomes, asking strangers how much they make, how much money do strangers make, newport beach california, newport beach ca, orange county, people interviews

Id: RihmMUajus4

Length: 11min 55sec (715 seconds)

Published: Tue Jul 12 2022