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
Her product could help a lot of people protect their homes and loved ones from deadly fires.
5 hours ago
A lot of the sharks were unsure about the product due to unfortunate incidents in the past.
7 hours ago
“He seems like a lot of fun as a dad,” Seacrest admired Tony and Mike Nunes' relationship.
9 hours ago
The painting was made by Francois Gilot, the ex-lover of the famous Pablo Picasso.
10 hours ago
However, few fans loved their coordinated moves, "Steve Harvey be sharp all the time!"
11 hours ago
The founder of Chirp scored a creative deal with Lori Greiner after much deliberation.
1 day ago
“Read the room, Ken, not the time to joke when his dream just got crushed,” a viewer slammed.
1 day ago
The guest claimed that her father worked on the film and was gifted the item by the camera crew.
1 day ago
The worst part was that Chum never even called in an expert to take a look at the guitar.
1 day ago
The guest thought that her items were worth $100 but was not expecting them to be in the thousands.
1 day ago
She was stunned by what she saw and the amount of worms that must have been in that bag of nuts.
2 days ago
The company had an innovative product and the sales figures to back up their valuation.
2 days ago
A lot of people gathered to hear the appraisal of the item somewhat related to the notorious killer.
2 days ago
Fans were quick to point out his blunders that cost him the big prize during the round.
2 days ago
The contestant's answer did not make a lot of sense, and Harvey didn't let the opportunity slip by.
2 days ago
Lydon B. Johnson made the piece iconic for being the first ever President to sport a 36mm Day-Date decorated with a silver dial. 
2 days ago
“I don’t understand how people are not paying attention to the last few playings of the game," a fan criticized.
2 days ago
Several consumers have reportedly been affected by the bacteria and 21 have been hospitalized with severe complications.
3 days ago
Mr. Wonderful asked for a ridiculous part of the business at first before changing his offer.
3 days ago
Chum Lee had the cuffs on in front of a customer as Rick Harrison walked out of the store.
3 days ago