How I bought an apartment in Paris at age 24 (the price + my income – Ep. 03) | Summary and Q&A

TL;DR

YouTuber details financial journey from low income to buying an apartment, sharing income, savings, and mistakes.

Key Insights

• ❓ Transition from minimal YouTube income to purchasing an apartment required strategic saving habits and financial planning.
• 🥺 Overestimating down payments and underestimating additional costs can lead to financial stress during real estate purchases.
• 🫵 Financial transparency on platforms like YouTube can provide valuable insights and learnings for viewers.
• 🫒 Frugal living and prioritizing savings can create financial stability and opportunity for investments.
• ⚖️ Balancing lifestyle desires with financial responsibility is crucial to avoid overleveraging and financial strain.
• 🇨🇷 Profound learnings from financial mistakes, such as underestimating costs and impulsive decision-making during property purchases.
• 📼 Importance of investments in assets like real estate for future financial growth and stability.

Transcript

when i started this series i said i wanted to take you along the whole journey okay and one very big piece of that journey that i haven't really spoken about is the financial side of things i'm going to put timestamps to everything so you can just skip to whatever part you're most interested in if you just want to know like one particular piece of ... Read More

Questions & Answers

Q: What was the cost of the apartment and how was it financed?

The full-priced offer for the apartment was 925,000 euros, with a down payment and bank loan covering the purchase.

Q: How did the YouTuber's income evolve over the years leading up to the apartment purchase?

The YouTuber's income increased steadily over the years through various roles in the film industry and YouTube, reaching hundreds of thousands annually.

Q: What saving habits did the YouTuber employ to afford the apartment?

The YouTuber lived frugally, saved diligently since the age of 13, and focused on maintaining a high savings rate relative to income.

Q: What mistakes were made during the apartment purchasing process?

The YouTuber underestimated the total cost, over-leveraged financially, and faced unexpected expenses during the renovation process.

Summary & Key Takeaways

• YouTuber discusses the financial journey from starting with low YouTube income to buying an apartment in Paris.

• Details the cost of the apartment, income sources, and saving habits that led to the purchase.

• Reveals mistakes made during the process and the rationale behind the investment.