Living On $112K A Year In Brookfield, Illinois | Millennial Money

If I see an opportunity, I
never want to miss it. I feel like for me,
there is no limit. My name is Gabriela Ariza, and
I am 27 years old. I live in Brookfield, Illinois,
and I am about nine miles from the
city center of Chicago. Currently, I assist
government, military and police making sure that
their infrastructure is protected through
cybersecurity. I think there’s always ways
to learn more about your money. I don’t think
I’m that great with money, but I feel like
if I keep watching and reading more financial stuff,
I can get better with money. I actually
feel really comfortable with my salary. I think
I don’t really need to work as much as
I do right now. But I have major goals and
I just want to get to them as fast as I can. My mortgage is $1,707 a
month, and that includes property taxes
and interest. I don’t want my
possessions to own me. I actually want to be
able to make my possessions work for me. The way I learned about
money was actually a very unfortunate event. My family, we grew
up pretty well off. My parents invested a
lot in real estate. We were doing really well,
and one day my dad decided to take all
the money and leave. And so my college fund
was also taken from that as well. And my mom
had to file for bankruptcy and we were pretty much
out in the streets. Sorry. I think
seeing that struggle with money that my mom
had to go through, and even trying to get through
college really, put me into her perspective and
realized, “Hey, I don’t want to depend on
other people for money. I want to make sure
that I’m well off.” I decided to do a
two-year program in one year, and I was also
working 60 hour weeks. It just really helped with
my career and just advancing in it. It
was definitely an investment in me. I owe $55,000 in
student loan debt. I think it was worth taking
it on because now I’m looking at myself and I’m
making even more than what I owe in
just a single year. I’m hoping to pay them off
in about 13 years, and that’s pretty much if I
pay like once every six months, like a big
amount of money. Currently with Motorola, I have
a Roth 401(k) and I contribute 15% and then they
match 4 % and then I also have another Roth
IRA, and I contribute about $250/month to
that one. Sometimes it’s harder to
save just because there are home repairs and
home repairs are really expensive. So, Rob will call you back
because he has to look it up. Great, thank you. I appreciate it. Yeah. I’ve
been working at the library for about three and
a half years, and I just can’t seem to leave
it because I love the people I work with and
the work is very enjoyable. It’s definitely different
than my 9 to 5 job. And that’s kind of
what I like because I get to do all
aspects of I.T. I’m really big on
consignment and actually buying used. I like to
buy used furniture. I like to
buy used clothes. Definitely it’s a great
way to find quality pieces. So I usually try to
meal prep, but sometimes it can get really difficult
because I’m always on the go. I’m really fortunate that I
have friends who live all over the world. So what
I usually do is I buy the plane ticket and then
I’m able to stay with them. And it’s kind of
nice because they know either the language, the
culture and the places to go. One of my financial goals is actually
to be able to save enough to purchase
another property. And I think I’m leaning
more towards buying in the city and buying more
of a condo because a house can be a
lot of maintenance. I actually wanted to
create a center of technology to be able to
teach other people how to do cybersecurity and be
able to teach children and teens and be able
to get more people into this type of field, especially
when there is a lot of need
in this field.

100 thoughts on “Living On $112K A Year In Brookfield, Illinois | Millennial Money

  1. Can I rent your garage?…..krispi831…I can help with anything!! Well around person. Holy to the teeth inward not outward!! Big Heart!! Anyone make money!… Krispi707

  2. Am I missing something? She contributes 15% to her 401k and gets an additional 4% match. 19% of $112,000 is $21,280 which is above the limit. Must not be hitting that each month

  3. That story is sad. Brookfield, IL isn’t an expensive area though. I never had a college fund. Been paying my student loans for 15 years and probably have another 15. She’s lucky. And hard working. None of my family had college funds. We all had to take out loans only my parents paid theirs off much much faster because college was much much more affordable before! 😢

  4. 13 years is way too long, It doesn't matter if the interest is low, stop all your investing/saving temporarily and punch that student loan in the face! #daveramsey

  5. So where is the benefit on going to school it was all bs seriously is all in interest you can't get your house and you basically have to be sale out a adults told me that to make in this country and loose your dignity.

  6. Gabriela is so humble, this is the best one yet, so grateful for people like her that can speak on real life and how to manage money.

  7. Come on, really? 13 years for a $55,000 loan??? Why don't you just pay it off with your savings so you don't accumulate interest? I don't get the logic behind deferring a debt when you are saving more on interest by paying faster?! I understand the importance of retirement, but come on, who knows what will happen when you get old.

  8. I work in Cybersecurity in Minnesota and make 145k per year with a 2-year degree from a community college. I don't really think a Masters degree is required to do most IT Specialist roles.

  9. I see a lot of comments about "what kind of father would do that to their child" and unfortunately I had a similar situation where my dad left my home in my last year of high school and stopped speaking to me for no reason at all, and didn't want to give me a dime for anything when I went off to college. BLESSED to say I will getting my bachelors in May from a top 15 school and paid for it all on my own by working the entire time….it is possible. It is an unfortunate world we live in and we cannot trust anyone, even our own parents.

  10. Yes she is bright and intelligent and definitely that has lot to do with where she stands now. She will also be more conscious about picking her partner after what her mom had been through.

  11. It actually amazes me that someone can be smart enough to finish a masters in IT, but doesn't realize they can easily pay off 55k in less than 2 years… to think that she thinks it will take 13 years is absolutely mind boggling!!

  12. When you are poor, you will work and work to become wealthier. It is a huge climb upward. Also, buying a home and having a family must be postponed. The woman in this video cannot turn to anyone but herself and she is thrifty.

  13. So we not gonna talk about how she took her bunny for a walk. I mean okay, I just wanted to be on the same page as everyone

  14. This is wonderful and great for her. But, 13 years to pay off that student loan debt? I mean. I’m no mathematicians but, something doesn’t sound right.

  15. 112k a year is good money, there’s no struggling when your bringing in 112k a year. With 2 incomes in my house we don’t even make 112k a year. Your doing good girl keep up the good work!

  16. She’s worked at my local library for the last 3 years?!?! I literally just got home from that library. I need to go back and find her lol

  17. That is my reason for wanting to learn programming languages, to eventually teach it to children and teens in low income communities! Keep up the amazing work!

  18. My wife and I make ~$115,000 combined. I do chores for my apartment building so they give me my unit of $1300/ month for free. Due to this and paying off our $109,000 in student loans in 2 years we are well on our way to buying our home in cash! Thanks Dave Ramsey!!

  19. I'm living on 16.800€ a year… I just realized how little money that is… although I'll probably never have to touch that money because I make double with tips. Still…

  20. This video just makes me highly aware that I will not be able to afford a house in Brookfield any time soon because I am nowhere near this savvy with money. Also, it's Irish Times! Yum!

  21. I think, it’s great to be responsible , save money, invest, blablabla , but you never know what’s next , you need balance, enjoy day by day , you sacrifice too much, about future, you know how to make money you need to learn how to enjoyed, it just me

  22. I like how she owns a used car and I don't know what year the mustang is but looks like it's in the 90's. And even though she can afford a new car. Gabriela knows any car new or use will get you from point A to B. Smart! 🙂 a car is a bad investment for most people.

  23. Being 25 and seeing these successful individuals only confirms to me that if I have not become anything by now then it will never happen. By the way Ive made less than 30k since my first job at 18yrs old. 30k earned in my 25yrs of life, and nothing to show for it. No possesions at all

  24. Wow! I'm absolutely Amazed by this woman! She's a true inspiration! It's Soo random because I just opened up Pink Caviar Nail Boutique in Brookfield, IL. It's so nice to know there are people like you in the neighborhood 😊 please come by Gabriela and get your nails done. Would love to chat with you and get some insight. Hope to see you soon.

  25. What kind of man would abandon his own family like that? Smh This story is so inspiring and happy to see she came out stronger!

  26. She works two jobs when she could live with working just one? Shes taking bread from someone else's mouth. That's greedy right there.

  27. Migtow… she blew past years to have children…pair bond with a husband ..owes debt and end up single mother with cats living off government but she strong independent women right lol…lol

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