ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Entrepreneur making 6-figure salary brilliantly explains why she’s still living with her parents

"Could I afford LA, maybe, but do I want to pay for that, no!" she says.
PUBLISHED AUG 28, 2024
Cover Image Source: Pexels |  RDNE Stock project
Cover Image Source: Pexels | RDNE Stock project

These are financially challenging times, and people are looking at various ways to make some extra money. More and more people are refraining from moving out of their parents' house to save some money for their future. TikTok creator Grace, @grace_lemire, is in her mid-20s and still living with her parents. 

Image Source: TikTok | @grace_lemire
Image Source: TikTok | @grace_lemire

In a video, she explains the reasons for which she is delaying her move, and this is despite her earning a six-figure salary. Grace, an entrepreneur, says that the number one reason is the fact that her stay is free, and she is saving money on rent. Secondly, she says that the nature of the job is another reason why she chooses to stay back.  

"I am an entrepreneur, so my income changes a lot. Just because I made a lot in the past three months doesn't mean that the next three months are going to look like that, so I'm waiting till I have a bit more buffer," she says in the video.

Image Source: TikTok | @grace_lemire
Image Source: TikTok | @grace_lemire

Thirdly, she says that one of the major reasons she is not moving out is because she wants to make sure that her student loans are paid as soon as possible. Lastly, she says that she currently has no idea where she wants to move. "In my heart, I totally want to live in Los Angeles," she says before adding that the average rent of $3000 is stopping her from making the move.

"Could I afford it, maybe, but do I want to pay that, no!" she says.

TikTok | @grace_lemire
TikTok | @grace_lemire

While Grace is still in the process of understanding what she truly wants, she says how she has a "sinking fund" which she keeps in case something eventually materializes. However, she says that she is currently struggling to understand if that would be the right decision. "I am in this weird stage, it's like, I know that living at home is helping me save money, but I also have FOMO of living in a city where other people in their 20s are living," she says. 

TikTok | @arielramirez020
Image Source: TikTok | @arielramirez020

People in the comment section understood where the creator was coming from. "Sis stay home as LONG as you can. Living alone is 2x more expensive than you anticipate. Even on that salary," writes @jaleelchambers, while @digitalsarahh writes, "Same boat, I’m on track to make $200k+ this year — I travel a lot and I just love my parents and my dog. Time is so limited, I’m glad to be there."

Others recommended places she can move to, in the future, with @sophie503503 writing, "As someone who’s traveled all through CA for six months!! Central Coast area is THE BEST, San Luis Obispo + way cheaper than LA!"

Image Source: TikTok | @breonnachantal
Image Source: TikTok | @breonnachantal

Another comment shed light on the importance of spending time with parents, "You already know how important people are from spending time with your parents. Find your people, wherever they are! That's the right place to live," writes @brightfin.in.

According to a study by Harvard University, people are struggling to pay rent with housing prices quadrupling over a decade in places like Denver. "It’s one of the worst years we’ve ever seen," said Whitney Airgood-Obrycki, a senior research associate at the Harvard center. 

You can follow, Grace (@grace_lemire) on TikTok for more lifestyle content.

MORE ON MARKET REALIST
The guest said that she doesn't even let her children play with the toys to preserve them.
5 hours ago
The item might have been worth more, but no one had any idea of how much it could sell for.
1 day ago
Mr. Wonderful did not hold anything back as he even called the entrepreneurs bad at marketing.
1 day ago
The player couldn't believe that she had aced the "Grand Game" of the show.
1 day ago
Cuban beat offers from Lori Greiner and Kevin O'Leary to add the company to his portfolio.
1 day ago
Rick Harrison wanted to pay less than a thousand bucks at first, but the guest was a tough negotiator.
2 days ago
The contestant had a good start to the game but things did not end all that well.
2 days ago
The guest inherited the jewels from her mother and then found out that they were Cartier products.
2 days ago
The host Pat Sajak was seen standing with a broom while the contestant was celebrating.
3 days ago
The contestant wasn't able to match the excitement with his performance.
3 days ago
The guest said that there was so much more that she hadn't even brought to the show.
3 days ago
This wasn't the first time that an appraisal by an expert worked in favor of the seller.
3 days ago
The contestant seemed to be going through the emotions even before the results were revealed.
3 days ago
As per the guest, even her father had no idea where the piece of jewelry came from.
4 days ago
The contestant was supposed to name a deceased artist who they'd like to see perform as a hologram.
4 days ago
The shoes were apparently the same ones Ali wore in the iconic Thrilla in Manila fight in 1975.
5 days ago
The guest had no idea about the value of what he possessed and was concerned about it being fake.
5 days ago
This was perhaps one of the cruelest Bonus Round puzzles that the show has seen in a while.
5 days ago
The woman also shared her personal opinion about effect of flavorings on the brain.
5 days ago
The 51-year-old will have Hollywood star Matt Damon as partner, and Jimmy Kimmel as host.
6 days ago