The video features a review of a Millennial Money video by a host named "Mr. Wonderful." The original video is about a 25-year-old man named Syhael Metta, who makes around $515,000 a year working as an executive assistant for a real estate broker in Berkeley, California.
Syhael's high income comes from commissions on high-end real estate deals. He is also a savvy investor, having invested nearly $10 million in real estate with his brother. He has a strong focus on saving, investing in himself, and managing risk.
The reviewer, Mr. Wonderful, is impressed by Syhael's financial acumen, discipline, and entrepreneurial spirit. He notes that Syhael's success is due to his ability to save over 50% of his income, invest in a diversified portfolio, and take calculated risks.
Mr. Wonderful also praises Syhael's decision to buy properties near the University of California, Berkeley, which he rents out to students. He commends Syhael's ability to balance his work and personal life, including his membership at an upscale gym and his ability to write off expenses on his taxes.
Throughout the video, Mr. Wonderful offers words of wisdom and advice on personal finance, investing, and entrepreneurship, using Syhael's story as a case study. He concludes by giving Syhael a perfect score of 100, which he rarely does, and congratulating him on his financial success.
Here are the key facts extracted from the text:
1. The person being reviewed, Syhael Metta, is 25 years old and makes around $515,000 a year.
2. He lives in Berkeley, California.
3. Syhael works as an executive assistant for Hermann Chan at Golden Gate Sotheby's.
4. He earns a commission on every deal closed and has been successful in the real estate market in the San Francisco Bay area.
5. Syhael contributes $1,500 a month to his self-directed IRA.
6. He and his brother have invested almost $10 million in their own real estate.
7. Syhael was born and raised in Baltimore, Maryland, and his family lost a significant amount of money in the market crashes of 2000 and 2008.
8. He learned the importance of managing money and managing risk at a young age.
9. Syhael bought a Tesla Model X and was able to write off the entire amount due to its weight exceeding a certain threshold.
10. He has a membership at Equinox and tries to go to the gym regularly.
11. Syhael took concurrent enrollment classes for free or at a discounted rate while in high school, which transferred to UC Berkeley.
12. He graduated high school and enrolled in Berkeley as a junior instead of a freshman.
13. Syhael and his brother own five properties near the Berkeley campus, which they bought in part last year.
14. They are probably renting out these properties to multiple students at the same time.
15. Syhael's monthly budget includes $300 for discretionary spending, $460 for travel, and $700 for food.
16. He saves $10,000 a month and puts an additional $1,500 into his IRA.
17. Syhael's goal is to save more than half of what he makes in a month, if possible.
18. He and his brother were able to help their parents retire and are now living close to them.
19. Syhael's most important lesson about money is to be patient and have a grounded mission.