Meet Kevin is an American YouTuber. His main profession is as a real estate agent and investor. Since he has got immense popularity due to his YouTube channel he is mostly known for his YouTubing career. Today we are going to look at Meet Kevin Net worth in 2021. Not just that, but we are also looking at his earnings, his motivations as well as much other information.
Meet Kevin Early Life
Kevin Paffrath (born 1992) is a German-American Real Estate Investor, educational YouTuber, Realtor, and Podcaster who is best known for his YouTube channel Meet Kevin which was created on September 21, 2010. Paffrath
Meet Kevin was just 16 years old when he started buying the Apple stock. He saved money to buy stocks from the $7,000 he made per year working at Jamba Juice.
Frustrated by the 10 cents raise, he moved to Red Robin making around $9,500 a year.
Shortly thereafter, he got into real estate sales. In his first year, his gross commissions were $35,000. Although the first 8 months went by without generating a single penny, the reward was worth the wait. Besides, it was almost 4 times the money he made working at the restaurant.
A year after that, Kevin earned $65,000. Then the following year there was this time when his professor at UCLA asked him if he made more money than an associate professor, a question that went unanswered, but that year Kevin made $145,000.
Quick Facts About Meet Kevin:
- Meet Kevin was born in the year 1992. His age in the year 2020 is 28.
- Meet Kevin’s real name is Kevin Paffrath. However, he is known as Meet Kevin due to his youtube channel.
- Kevin has various income sources. The main money comes from his work as an agent in real estate while youtube and investments are his side income. His net worth amounts to $3.5 million(approx).
- He is married happily to his wife Meet Lauran who also owns a youtube channel. They have been blessed with a baby boy.
- Meet Kevin studied at Buena High School in California. Later, he chose political science as his subject at the University of California in Los Angeles, California.
- Kevin has been working as a real estate agent since the year 2009 while he started his youtube channel in the year 2010.
- There is not much information about his lifestyle or details about his physical attributes.
- Kevin Paffrath has his own company providing services to clients. His company is Meet Kevin Corporation.
- Meet Kevin is about to hit a million on his youtube channel meanwhile he has 947k subscribers.
- Kevin has 65.2k followers on his Instagram page.
Meet Kevin Earning from YouTube
The channel has over 1 million subscribers as of 2020 and has accumulated over 300 million views so far. It is able to get an average of 500,000 views per day from different sources.
This should generate an estimated revenue of $5,000 per day ($1.8 million a year) from the ads that appear on the videos. His
YouTubers get paid $2 – $7 per 1000 monetized views after YouTube takes its cut. Monetized views range from 40% – 80% of the total views. All these are influenced by several factors like the device played on, time of the year, the location of the viewer, ad inventory, how many ads there are on a video, how many people skip the ads, type of advertisement, ad engagement, type of content, etc.
The cost of an ad view is based on an auction between advertisers based on views. Advertisers have to bid a minimum of $0.01 per view.
There is also a program known as Google Preferred where deep-pocketed companies can target ads on the top 5% of most popular content.
The ad rates here are higher than normal. Apart from ads, YouTubers also generate extra from YouTube Red viewers who pay a monthly fee to view premium content on YouTube plus watch videos without ads.
Here they get paid based on watch time on their videos. The longer the viewers watch their videos, the more money they earn.
Kevin makes most of his income through his real estate business where he owns over 22 properties. He also has a real estate course that he sells to people wanting to learn more about real estate & renovations.
He has a $4 million investment in the stock market and $20 million in real estate. He does have a substantial debt amount of approximately $10 million. We should expect Meet Kevin Net Worth to be huge with all such youtube success, but let’s read to see it just below!
Earnings from Real Estate
Kevin didn’t grow up in a wealthy family. His parents moved to the U.S. from Germany when he was 18 months old and divorced when he was six.
Kevin remembers finances always being tight: As a kid, he once asked his dad for a $20 bill in the bank drive-through. His dad declined. “I only have 11 of these left,” he said.
Today, Kevin owns 22 properties in Southern California: 20 rentals, one in escrow, and the home he lives in with his wife. Nine are currently being renovated.
Kevin makes most of his income through his real estate business. He also has a real estate course that he sells to people wanting to learn more about real estate & renovations.
He has a $4 million investment in the stock market and $20 million in real estate. He does have a substantial debt amount of approximately $10 million. How badly can such debt affect Meet Kevin Net worth? Let’s go there now!!!
Meet Kevin Net Worth
Kevin has a combination of income sources pretty much similar to Graham Stephan. It’s hard to tell their exact net worth because their exact mortgage amount is unknown.
But, we’ve tried our best to calculate their net worth as accurately as possible and according to our estimates, the net worth of Kevin Paffrath aka Meet Kevin is about $32 Million.
This includes about 20.5 Million worth of Stocks minus a margin of ~ $450,000 on his stocks and his real estate portfolio worth about $10 Million.
Not to mention at this level you’d expect a person to typically sit on cash worth about $1-2 Million. Obviously, Meet Kevin Net Worth isn’t as bad as I think, what about you? let’s know in the comment section!
How They Spend Their Money
Kevin and Lauren’s monthly expenses usually add up to just a fraction of their income. Here’s a look at their spending in September 2020.
Housing: $2,956 (includes principal, interest, property taxes, homeowners insurance, and HOA fees)
Insurance: $2,353 (includes health insurance for the entire family, dental insurance for the kids, life insurance for both Kevin and Lauren, and an umbrella policy; Kevin pays for dental work out of pocket)
Food: $2,100 (The couple spends around $1,750 on grocery delivery, plus $350 on alcohol and a wine subscription service. They haven’t been going out to eat during the pandemic.)
Kids’ school tuition: $1,357 (Jack attends school virtually because of the pandemic, but Max is not attending right now.)
Entertainment: $1,275 (includes kids’ toys, video games, books, new activities for Kevin and Lauren, and $250 each to use as a “personal budget” on whatever they wish)
Loan to Kevin’s dad: $1,225
Household expenses: $1,121 (includes school supplies, home maintenance and organization, Lauren’s beauty products, a car wash service, gifts, credit card annual fees, and Kevin’s dental expenses)
Utilities: $756 (includes cable, Wi-Fi, water, electricity, gas, and trash)
Subscriptions: $128 (includes Peloton, Netflix, Apple Music, Disney+, YouTube Premium, paid YouTube memberships, Xbox Live and Amazon Prime)
Gas for Lauren’s car: $20
An unusual monthly expense is a loan they pay to Kevin’s dad. When his father retired, Kevin worried that he would blow through all of his money in a short period of time.
He wanted to ensure that he had a steady stream of income in retirement, so he offered to manage his father’s money for him. To do this, Kevin borrowed a lump sum and is paying it back, with interest, on a monthly basis.
They admit that having kids also made a significant impact on their budget. “We definitely spend more money on them than we do ourselves,” Lauren says.
It’s easy for her to pass on new clothes or accessories for herself, but if one of her kids wants something, it’s much harder to say no, she says, especially if it’s educational.
Lessons to Learn from Meet Kevin
1. Sometimes by revisiting the past you can get clues and learn a lesson – Once Kevin got into real estate he was hooked to working hard and making money.
I’m not saying working hard is wrong. But here’s the thing: he worked really hard at the restaurants but didn’t get paid as much.
Why? There was a limit. In sales, there wasn’t a limit. The more he sold the more he earned. Also, People don’t pay as much for the smoothies as they do for real estate.
2. Margins play an important role in the business and profession – After getting hold of real estate as an agent, Kevin decided to start a construction division to make some more money.
It was then that he realized that construction was where people wanted to pay as little as possible to get their job done.
Real estate, on the other hand, was where people were looking to invest in order to generate income. It’s very important because wherever there’s an incentive to generate income by investing, the sellers can charge more money hence improving the margin.
3. You get rewarded for helping people – Now this is a generic phrase I know, but there’s more to it. Kevin was helping people quench their thirst at Jamba Juice and helping more people than in real estate.
But the value of his help was much lower than that in real estate. That’s the point. You get rewarded for helping people, but your reward also depends on the value you’re creating for those people.
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