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How This Police Officer in Miami Spends Her $100,000 Income | Glamour - YouTube
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i work as a police officer i'm 31 years
[2]
old live in miami florida
[4]
and i make 75 thousand dollars a year
[8]
it's common here in miami that officers
[10]
will work a lot of overtime due to all
[12]
the special events that come in the city
[14]
usually an officer in a larger
[16]
department can make over a hundred
[18]
thousand dollars a year
[19]
i currently have five thousand dollars
[21]
in savings i have seventy seven thousand
[23]
dollars in a 457b
[25]
account which is a deferred compensation
[27]
account it's a
[28]
secondary retirement plan that's
[30]
optional it's
[31]
available to different government
[33]
employees i have a city sponsored
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pension
[35]
it comes i guess with the job so
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i have about fifty four thousand dollars
[41]
in the pension
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right now i have about 7 500 in stocks
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i kind of move them around a lot but i
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really focus on options right now
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my initial investment was 200 everything
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else of the 7 500
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is just money that i made on the market
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so i have three properties
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they're worth about a combination of
[60]
about a hundred and twenty two thousand
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dollars
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one is fully up-to-date renovated it
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like three years ago
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the other one needs some rehab work and
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the third one is a lot
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like an actual lot you know just of
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grass all three properties are
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completely paid off i don't pay a
[77]
mortgage on any of them i have three
[79]
thousand dollars in their rental
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property savings
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basically when i collect rent from the
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tenant i put money in that savings
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account when i do the next rehab i'll
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take from that savings to fund some of
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the other rehab work i'll do on the
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second property i have twenty thousand
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dollars in another
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savings account that i keep in the box
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after taxes my take home is about five
[97]
thousand dollars a month and we're
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renting a small
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place it's sixteen hundred dollars a
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month my husband pays the rent
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we don't really split money he's
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responsible for certain things i'm
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responsible for other things
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so i bought the last vehicles we
[110]
purchased
[111]
and so now he's paying the rent the
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property taxes are 250
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per month automobile insurance it's
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about 58 dollars a month
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utility is 83 a month well that's
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something my husband pays for as well
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200 dollars that i pay in monthly
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four dollars subscriptions month on my
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phone plan which is straight talk
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wireless
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and that leaves me about forty five
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hundred dollars a month to spend i don't
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have any credit card debt
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um i have a hundred thousand dollars in
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student loans which is currently in
[139]
deferment because i'm in school full
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time
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so i'm getting my masters of divinity in
[144]
the air force reserves as a chaplain
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candidate
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this is one of the requirements to be
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endorsed as an official chaplain
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to you know become like an actual
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minister first i'll walk through my
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monthly base statements
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auto save 200 that's basically any
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deposit in my account that's over a
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thousand dollars 200 goes to savings
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credit card payment 3929.15
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that's the payment for my credit card
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bill from the previous month
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nationwide 56 dollars and seven cents
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nationwide 44.72 cents
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these transactions are for life
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insurance for both myself and my husband
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city of miami direct deposit thousand
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nine hundred and thirty five dollars
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this is my check from work transfer from
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checking
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sixteen hundred dollars this is my
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husband transferring
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rent payment into my account the cost of
[194]
living in michigan is completely
[196]
different from the cost of living in
[197]
florida
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the goal is to be able to buy property
[200]
here but i would like to have passive
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income before i do that so my plan is
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when i can have enough rental income
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that would cover a mortgage here in
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miami
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then i want to buy something in miami
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usaa transferred 300
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this is a transfer that i was putting on
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to robin hood
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you might have heard about the amc and
[218]
gamestop stock market bubble
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on the news for the amc boom i had
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gotten up to 18 000
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once it boomed the app that i was using
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they
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locked the accounts and put a lot of
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blocks on the trading so
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i should have made a lot more money but
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by the time i could actually put in a
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trade i had lost a bunch of money
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gerber life insurance 109.54 cents
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this is a life insurance payment for my
[244]
mother
[245]
atm withdrawal sixteen hundred dollars
[247]
this is
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me taking out the money for rent
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transfer from checking
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nine hundred and fifty dollars quick pay
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with zelle
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950 this is me receiving rent from my
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tenant and then
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transferring it into the business
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account
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cash app hbcu drip 50
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cash app hbcu drip 102
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this is a advertisement on an instagram
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page
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for an event that i threw for a
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historically black college and
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university
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usaa 449.62 cents this is a transfer for
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my stock brokerage usaa transfer
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3 000 this is a deposit for the box
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last year i decided that i was going to
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start saving 418 every two weeks
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so at the end of the year i have ten
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thousand dollars i put it into this box
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and in ten years i'll have a hundred
[300]
thousand dollars and i just hope i don't
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forget where i put my box
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i think everybody will come up with some
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excuse for why they need to take money
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out of their savings
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the whole purpose of the box is that you
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can't break into it i'm investing in
[312]
other ways
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but there's just something about cash
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for me it's an accountability thing to
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be able to have the actual cash
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to know that i'm not going to spend it
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to know that it's not making any money
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but it's not losing any money either
[324]
city of miami direct deposit 2782
[327]
dollars
[328]
thd loan services green sky 207 dollars
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and 72 cents
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this is a home depot loan from a rehab
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that i previously did on another
[338]
property
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and that's a payment towards that loan
[340]
we upgraded the entire
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upstairs bathroom it was paid off i
[344]
believe in january
[346]
this was probably one of the last
[347]
payments i have my in-laws in michigan
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and so when i got there and i knew that
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the properties were cheap
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i got into the first property that i
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purchased which
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was in a small little neighborhood in
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detroit i purchased that for five
[360]
thousand dollars down
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and i made a land contract which is
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owner financing
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and it cost 5.55 a month for 36 months
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until it was paid off so i
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when i bought the property i put down 5
[371]
000
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i had a tenant for the first three years
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and the tenant basically paid the
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remainder
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of the 25 000 for the first property
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that property is now worth
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close to sixty thousand and i've owned
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it for the last like five years
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interest payment one cent and my ending
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balance is
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two thousand two hundred and eighty four
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dollars and eighty six cents
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now i move over to my credit card
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statement
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straight talk 34 this is my cell phone
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bill
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what i like most about straight talk is
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that i don't have a contract and there's
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no surprising fees straight talk uses
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the same networks as larger carriers and
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it just doesn't make sense to pay more
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for the same thing
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and i feel like straight talk is a fair
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price for the services that are offered
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some pass a count 10 this is the
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tolls for driving on the interstate here
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in miami
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i spent 90 dollars in tolls for this
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month
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amazon marketplace 49.79
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these are just miscellaneous goods from
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amazon i usually
[433]
order the majority of my things from
[435]
amazon
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as far as like household products or
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just facials things just whatnots
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21.99 17.28 22.80
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40.97 12.99
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i deleted the amazon app like two months
[453]
ago because i feel like i spent too much
[455]
money on amazon
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i've i've tried to tone down the
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purchasing
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on amazon since since this statement in
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total i spent
[463]
about fifteen hundred dollars at amazon
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this month
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my most frequent purchases are amazon
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and food
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wendy's twenty two dollars and fifty
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three cents kachita cuban cuisine twenty
[473]
dollars
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porto saga restaurant
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lot of the food charges are at work
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comcast cable
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44.98 38th street valero
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20 prime video 6.78 cents
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geico insurance 60 and 35 cents
[491]
this is for car insurance publix 164.76
[495]
the liquor store 101.18 cents in
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jacksonville florida
[499]
where i had flown to on standby this is
[502]
my best friend's
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birthday weekend that we celebrated the
[505]
dak shack and package
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104.66 cents this is a restaurant that
[510]
was in jacksonville that we all went out
[512]
to eat for her birthday
[513]
this is the second charge from the dak
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shakin package for 119
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this is a lift charge for 28.65 cents
[519]
hulu 2.26 cents
[521]
this is a monthly subscription for
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movies and some of them are discounted
[525]
through
[525]
different credit card perks lyft
[526]
rideshare 11.41 cents
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lyft rideshare 14.31 cents
[532]
this is bt course hero 39.95
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this is a website that i use for school
[537]
jb lock artistry 45
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macy's 58.85 paypal
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174.89 general storage
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360 dollars this is a storage bill i
[549]
paid for my aunt miami hookah had 16
[551]
dollars and three cents
[553]
general storage 240 this is another
[556]
storage fee for my hunt marathon petrol
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five dollars
[560]
this is probably candy or soda from the
[562]
gas station at work
[563]
the ups store three dollars and nine
[565]
cents state farm
[566]
61 dollars and eight cents this is
[569]
insurance
[569]
on the property square hardware 104.86
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this is a device that takes payment that
[578]
i purchased for an event that i was
[579]
having
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mama jenny's restaurant fifteen hundred
[582]
dollars
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this is an expense for renting the event
[586]
space
[586]
so the event was a historically black
[589]
college and university
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social gathering there was covet 19
[593]
restrictions in place where we did
[595]
temperature checks and
[597]
people wore masks the venue was all
[599]
outdoors you know like a
[600]
day party it was music and drink served
[604]
the event was to raise money
[606]
i was hoping to have enough money to do
[608]
some type of small scholarship to
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give to a student in need i spent about
[612]
three thousand dollars on the event
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that was in part the venue food
[617]
alcohol and decoration for the event
[621]
etsy 26 dollars and seven cents universe
[624]
incorporated 224 dollars and 30 cents
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this is an editing website so when i
[628]
write large papers i usually send it
[629]
into this website so that they can edit
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it because
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what i don't usually have is a bunch of
[633]
time if you know i've already written a
[635]
paper so
[635]
they'll make all the corrections and
[637]
make sure that it's ready to be
[638]
submitted this paper was just a large
[639]
paper 12-5 is right before the end of
[641]
semester so this is probably my final
[643]
saks fifth avenue 703.53
[646]
these are some shoes i bought that i
[647]
ended up returning hulu 12
[650]
and six cents reversal american express
[652]
airline fee
[653]
three dollars and eight cents three
[655]
dollars and eight cents six dollars and
[656]
sixteen cents
[657]
three dollars and eight cents six
[659]
dollars and sixteen cents this is
[661]
basically
[661]
um when you cancel a trip through amex
[663]
travel these are fees that get
[664]
reimbursed
[665]
pandora radio five dollars and
[667]
sixty-five cents vital source
[668]
technologies seventy eight dollars and
[670]
thirty four cents this is a textbook
[672]
that uh
[672]
ebook that was online marathon petrol
[674]
2.28 cents this is like a soda or snack
[677]
at work
[678]
publix 124 dollars and 52 cents this is
[681]
groceries
[682]
walgreens 33 dollars and 20 cents plug
[684]
in karaoke
[686]
30 and 12 cents this is an outing at a
[688]
karaoke place here in miami
[690]
baptist health 20 this is a payment for
[693]
a
[694]
copay pine crest body contouring 125
[697]
this is a doctor visit dollar tree 40.66
[700]
cents
[701]
walgreens 68.98 walgreens
[704]
5.46 cents probably another fee for
[707]
medicine because that's both on the same
[708]
day
[709]
after the doctor's visit dollar tree
[711]
11.77 cents
[713]
public 69.45 marathon petrol thirty one
[716]
dollars and nine cents
[717]
dollar tree eighty dollars and twenty
[719]
five cents amazon music
[721]
four dollars and fifty two cents this is
[722]
a subscription walgreens fifty one
[724]
dollars and ninety nine cents
[726]
american airlines thirty one dollars and
[728]
fourteen cents this is likely a standby
[730]
fee
[731]
because i fly standby a lot through my
[733]
husband's job
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we get flight perks so we're able to fly
[737]
standby
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at a discounted rate american airlines
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31 dollars and 14 cents
[742]
american airlines dollars and 14 cents
[744]
these are
[745]
additional flights to texas because we
[747]
decided to go to texas for
[749]
new year's united airlines 113 dollars
[753]
and 10 cents
[754]
spirit airlines 58.38
[757]
both of these are flights that i ended
[760]
up
[761]
purchasing and i didn't fly standby
[763]
because they were so cheap
[765]
my most unusual expenses for this
[768]
statement
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were the frequency of the trips i
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commonly will travel
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about once a month but usually i don't
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travel three times a month
[776]
the total is eight thousand nine hundred
[778]
and seventy dollars and thirty seven
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cents and that's my monthly money
[782]
breakdown
[783]
i was raised with this concept that like
[786]
credit was like the devil and you know
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it was a very bad thing
[791]
i never knew about credit i didn't know
[794]
anything but it was bad that's the only
[795]
thing i had heard
[796]
my parents were regular middle class
[800]
people they worked and saved for the
[802]
things that they wanted
[803]
and i never really understood the
[806]
concept of
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like making your money work for you and
[809]
so i guess because it was such a mystery
[811]
to me it kind of like led me to
[813]
research more and kind of learn more for
[814]
myself but i didn't really have any more
[817]
exposure than i guess
[818]
the average person has i think financial
[821]
freedom
[822]
gives you a lot of opportunities you
[824]
know mostly just time
[825]
which is you can't buy and i just wanted
[827]
that for my family one day i wanted to
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have time i didn't want to
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spend my life at work all day and that's
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what i'm trying to structure
[835]
you know my finances to be able to do
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one day to just be able to have
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some time
[842]
you
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