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 sharks did not expect the product to taste as good as it did, considering what it was made from.
5 hours ago
The designer was also commissioned by top brands and worked for the royal family.
6 hours ago
The host had a look of bewilderment on his face which was absolutely hilarious.
7 hours ago
Things did not seem to be going well for the entrepreneur due to her high energy.
10 hours ago
The guest might have had high expectations, but they were quickly brought down to earth.
11 hours ago
The contestant was unable to contain her excitement and hugged the model.
1 day ago
Two of the players got it right, and while the player who lost didn't mind, fans were not satisfied.
1 day ago
Lisa celebrated her birthday in style with a perfect two-card guess to win the big prize.
1 day ago
Rick Harrison did what he could to console the guest who said that he had lost faith in NASCAR.
1 day ago
Both the guest and the expert were fascinated by how well the automaton worked.
2 days ago
One of the entrepreneurs broke down in tears, explaining all the struggles they had to go through.
2 days ago
She couldn’t believe it when her doll was appraised at a five-figure sum, and laughed in disbelief.
2 days ago
Ken Jennings truly has embraced "Jeopardy!" in every way possible at this point.
2 days ago
The comedian was impressed by the simplicity of the product and amused by the pitch.
3 days ago
Harrison usually makes smart deals on the show, but this vintage car buy turned into a costly mistake.
3 days ago
Had she started the game in a better way, she might have won the five-figure prize money.
3 days ago
Barbara Corcoran made the exact same offer, and she wasn't happy about being rejected.
4 days ago
The guest believed that it was worth a modest amount of money, but that was clearly not the case.
4 days ago
With James Holzhauer in the lead, Amy Schneider and Andrew He decided to joke around.
4 days ago
Barbara Corcoran told the founders that she had never seen Greiner so passionate.
4 days ago