Living On $133K In NYC At Age 22 | Millennial Money - Summary

Summary

Gabriella Carter, a recent graduate of Princeton University, earned over $2 million in scholarships through a combination of full ride offers and outside scholarship opportunities. She hails from Jamaica and London, with parents who emphasized seeking the best opportunities. Gabriella's scholarship journey began with YouTube and Google research, leading to her winning a $20,000 scholarship from the Coca-Cola foundation. She chose Princeton for its prestige and graduated without financial stress.

Gabriella worked multiple campus jobs and saved over six figures by graduation, aiming to use her savings for property acquisition and pursuing her passions. She moved to New York City in 2022, managing expenses such as rent, food, and transportation.

Her financial goals include early retirement, allowing her to focus on passion-driven work. Gabriella transitioned from a corporate job to running her own business, Chrome with Gabby, which offers scholarship advice and monetizes through partnerships. She acknowledges the challenges of entrepreneurship but remains motivated.

Looking ahead, Gabriella plans to expand her business, create content on financial literacy, and collaborate with schools to provide scholarship workshops for students.

Facts

Sure, here are the key facts extracted from the provided text:

1. The speaker, Gabriella Carter, earned over 1.8 million dollars in scholarships before choosing which college to attend.

2. By the time Gabriella graduated from Princeton University, she had earned over two million dollars in scholarships.

3. Gabriella moved to New York City in 2022 and made $133,000 in the previous year.

4. She was born in Jamaica but grew up in London, and her parents emphasized moving for better opportunities.

5. Gabriella is the first person in her family to attend college.

6. She initially struggled with scholarship applications and faced multiple rejections but eventually won a $20,000 scholarship from the Coca-Cola foundation.

7. Gabriella improved her scholarship application skills over time, leading to more success.

8. She chose to attend Princeton University due to its prestige and potential for opening doors.

9. Gabriella saved over six figures in her bank account by the time she graduated from college.

10. She plans to use her savings and investments to acquire property and have financial flexibility for travel and business ventures.

11. Gabriella's rent in New York City is $4,500 a month, and she shares it with two roommates, paying $1,245.

12. She allocates five to ten thousand dollars each month for saving and investing, primarily in a high-yield savings account and a brokerage account.

13. Gabriella aspires to retire early, focusing on work related to her passions rather than making a living.

14. She transitioned from a corporate job earning $90,000 a year to running her own business and is on track to make $200,000 this year.

15. Gabriella provides scholarship advice and monetizes her expertise through social media partnerships.

16. Running her own business comes with challenges, such as clients not paying on time and the constant need for creative ideas.

17. Gabriella plans to expand her brand, provide value in the field of education, create content related to money, and collaborate with schools on scholarship workshops.