This 27-year-old making $80,000 wants to triple his income in a year. Here's how he spends his money. (via CNBCMakeIt)
series, which profiles people across the U.S. and details how they earn, spend and give away their money.
His long-term goal is to work on Throwlights full-time, but he's less concerned about the company's profits right now. "I'm really focused on excelling in my sales career and in growing as an artist in gloving," he says. Zhao still pays the full $1,710, but he and his girlfriend rent out her apartment on Airbnb and split the profits, which ends up being about $2,000 a month, or $1,000 each. He also brings in an extra $200 a month by renting out his parking space.
"I recently got into eating truffles — the mushroom kind of truffles — so I will buy those on Amazon," he adds. He also pitches in about $50 a month for gas for his girlfriend's car, which they use for weekend trips or any longer distances that they can't cover on an electric scooter.Zhao is on an unlimited-data family plan and pays his mom $100 a month. He's able to expense half of that through work, which cuts his phone bill to $50.Zhao has four credit cards.
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