29-Year-Old Mailman Is On Track To Make Over $90,000 This Year — Here's His Budget

Nov 11, 2021 by apost team

CNBC’s “Millennial Money” series sheds light on how young Americans are getting by in today’s economy. From a 31-year-old investor who makes $6.1 million a year to a 26-year-old English teacher in South Korea who lives on just $24,000, the videos explore a wide variety of lifestyles from across the income spectrum.

One of “Millennial Money’s” most recent episodes looked at 29-year-old Jordan Myers, who is on track to make more than $90,000 while working as a USPS mail carrier in Memphis, Tennessee.

If that seems high for a mail carrier, that’s because that income includes not only Myers’ base salary of $41,000 but also his overtime and investments. In 2020, he earned around $78,000, though by the end of 2021 he’s nearing six figures at just 29 years old.

Throughout his video, Myers emphasizes that it took a lot of hard work to get where he’s at — a trait he learned from his dad, who ran his own lawn service and raised 12 children.

When he first joined the postal service, for example, Myers walked 25 miles a day. Today, the 29-year-old says that that’s dropped to around 14 miles, though he continues to work 13 hour days, six days a week.

Myers’ commitment to hard work has not only allowed him to buy his first home and a rental property, but he also recently purchased his dream car — a Tesla Model 3. 

“When you see me, it’s like, ‘Hey, that guy is also just working a normal job, day to day. He’s really growing day by day, month by month, year by year.’ I’m hoping I can show people that it’s possible,” Myers told CNBC.

Beyond his long hours and investing skills, Myers also saves around $2,900 a month, which amounts to around half of his monthly spending. The next biggest expense is housing. He spends around $913 on his rental property and $809 on his own home, which includes the mortgage payment, homeowners insurance and other miscellaneous expenses. The final significant expense is his car payment at $534. As for the rest, his wife pays for some of the bills on her own, though because she makes significantly less than Myers, she rarely contributes over $1,000.

“I do bring in more money, but we’re equal because she does have to take care of (our) son more, and if she didn’t, I wouldn’t be able to work the hours I work, so I wouldn’t make the money I make,” Myers told CNBC.

Despite all those hours on the road as a postal worker, Myers explained that he’s found the right balance of work and family time.

“Family time is fairly decent and good,” he said. “I’m just waiting for (my son) to get older so I can destroy him in video games.”

You may recognize Myers from YouTube, where he is a member of Graham Stephan’s investment group. Thanks to Stephan, Myers has earned up to $10,000 a month by trading in options — normally a risky investment — which he reinvests. He also puts $400 into his 401(k) and $2,000 into a brokerage account. All in all, he has around $3,000 saved, $34,000 in investments and a $100,000 rental property, which yields around $378 a month after expenses. 

As for the future, Myers has set the goal of becoming a millionaire in 10 years. 

“I think I’m going to crush it, truthfully,” he told CNBC.

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What do you think of Myers’ story? Do you have any investment or savings advice? Let us know — and be sure to pass this young man’s inspiring story on to others.