Googler Living On $194K In Orange County, CA | Gen Z Money

By my calculations: he needed $185k to buy things. Lost $80k int crypto,
so we’re up to $265k in “losses.” Then bought two homes. In those locations, he’s likely to have spent (3%) approximately $50k in down payments—very conservative.so we’re up to $315k expenses and have yet to add in taxes on $194k which, including 401ks, and other benefits, should be reduced by 35% to $126k or $252k. Lol. I’m calling bullshite.

He's only worked 2 years! Let's say he made $194k day 1 straight outta college which is suss but whatever.

So in 2 years he made $388k and since he lives in California he likely only got to keep around $200k if not less.

After that he spent at least $50k on the Tesla and a charger.

That leaves $150k.

Then he put aside $115k, which leaves $35k.

Then he lost $80k in crypto, so he's already at a deficit of 45k.

Then he says he takes 4 vacations a year where they showed him in foreign countries. That's 8 vacations, at $20k minimum total. Down to negative $65k.

On top of that he managed to get down payments on a 3 bed, 2 bath house in the OC as well as another home in Florida.

On top of that he pays HOA fees.

On top of that buys his own food. Pays insurance. Pays utilities, supplies, etc.

Come on man, how is this even taken seriously?

I am not watching the video right now, but are they saying this kid, who likely just got out of college, is making $194k and living in OC,CA and he already had two homes and has $115k invested?

And that's all from what he has earned since working for google?

I am not going to say its bullshite because, like I said, I am not watching the video right now, but a friend of mine has a nephew who works for LinkedIn. He started there right out of college, 4 or 5 years ago. He started off making over $150k. Him and someone else shared the rent on a place and even splitting the rent the cost was insane.

Long term is where its at with a lot of these jobs. There might be some that you get paid a lot short term but there isn't much opportunity long term, I really don't know, but if they are saying a 22 year old making $194 living in OC,CA already owns 2 two homes and has over $115k invested sounds like utter bullshite.

Owns two homes? As in, they are both paid for? Were they left to him by a dead family member?

probably lost $80k worth of crypto?

financed the tesla?

credit cards for vacations?

no idea how he has the credit or debt to income for two house mortgages?

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probably lost $80k worth of crypto?

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In order to lose $80k in crypto he would have had to spend well over $80k on crypto in the first place. The meat of anyone's crypto portfolio (BTC, Eth, Doge, etc) are still worth something.

He started working in August 2021, and even thought that was the peak, it is unlikely that Google gave him a cash advance on his salary and even if they did that he blew it all on Crypto before it tanked. You know because he was also buying houses, Teslas, and putting $115k into financial institutions.

Good for this guy. He doesn’t represent the other trash of Cali. Looks like he comes from a good solid family background. Regardless of the media hype, more 22 year olds should be like him!

ETA: it’s pretty obvious some of you didn’t watch the video.

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It's amazing the subtile bullshite media can get away with today without much critical thought and it'll still get shared/reposted by people it seeks to harm.

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Because many people that make less than 194k just imagine that's rich money.

Watching the video, most of it is fairly easily explainable.

He lived with his parents for two years while working at Google.

He started investing at the age of 13 so he rode the crash and probably reinvested a bunch in 2020 and rode it back up. the 115k is easy at that rate. The 80k loss in crypto is the tougher unless he considers it going up and then losing it back. He mentions the altcoins so he probably rode Shiba and when it jumped, losing 80k wouldn't be hard from the peak.

His parents paid for his undergrad and he worked at Google and they paid for his Masters and still paid him more.

His Florida property is an investment that he bought for like 225k, which must be an absolute shithole, but could be making him money back.

Then he bought his primary residence for 675k or so paying about 4800 a month for it. That means he didn't put shite down on it and has a pretty sizable mortgage rate.

The guy is smart for sure, but all of this isn't lumped into just the two years of google salary.