Revealing My ACTUAL Net Worth

What's up you guys, it's Graham here. So I felt like doing something a little bit different today, and instead of the normal investing related content, I'm gonna be using myself as an example and breaking down in detail my net worth for every single year that I began working, going all the way back to high school. This is something I haven't seen anyone do on YouTube before to this extent, so I figured why not? I may as well do it.

And yeah, I know this sounds like one of those super scammy, "I'll teach you how to be rich" webinars, but honestly, there's no ulterior motive here, and there's nothing you need to buy. But oh for real, I've always been the type of person to learn by example. When I was younger—geez, even now today—I'm really interested to learn how people did it and where they started off. In fact, most of the time I’m even more interested in what a person did before the point where you see them today. I just think stuff like that is a lot more relatable, and it's something I wish a lot more people were open to talking about and discussing.

So I may as well just go ahead and start, and I'm going to be covering every single year, beginning at the age of 15 years old, how much money I make, how much money I was worth, and everything I did along the way. Hopefully, it's helpful to see how I was able to do it, and maybe you could implement a few of these things in your own life as well, or at the very least, I hope it's just entertaining.

Of course, if you appreciate this type of openness and transparency, because I don't think I've seen any other YouTuber go into this level of detail before in a video like this, if you wouldn't mind just destroying the like button for the YouTube algorithm, that's it! It takes just two seconds. It's really easy to do, and if you get any amount of value from this at all, just doing that would greatly help me out. I really appreciate it.

Okay, so with that said, I'm going to sit in my chair over here, and we'll start here. All right, so let's get the counter started over here. And by the time I was 17 years old, I had a net worth of maybe $5,000. That might even be pretty generous, and I'm probably rounding it up a little bit higher than it should be because I don't exactly recall how much it was, but give or take about that amount.

Now, that was the result of working four years part-time throughout high school at a marine aquarium wholesaler. My job was to go in and photograph the inventory as it came in. I would help categorize it for their website, among a whole bunch of other random stuff. Now, it sounds like a super random job, and it is, but I absolutely loved it, and I was obsessed with saltwater aquariums back then. Before I got this job, I would spend all my time after school on a website called reefcentral.com, where people would go and share tips and tricks about keeping reef aquariums. It was actually through that website that I was introduced to the local fish community—and that's actually a thing.

From there, I expressed interest to one of the fish store owners about being able to work there part-time because I enjoyed it so much. That's what ended up turning into my part-time job, and I'm super fortunate and lucky to have supportive parents who were really encouraging of me working like this. They would pick me up a few times a week and then drive me into work until I got my driver's license, so I was super lucky.

Now at the time, I didn't really know what to do with my money. I knew I should save it, and that's about it. So all the money I made just went straight into a savings account. Even back then, in high school, I was super frugal with my money, and I would avoid spending it unless I absolutely needed to. But that paid off, and I was able to have a savings of about $5,000 by the time I turned 18 years old.

Now, 18 years old is where things started getting interesting, and now we can update this net worth tracker over here to $30,000. A small consequence of working throughout high school was that it made me realize I did not want to stay in school. I didn't care for tests and homework; I just wanted to go out and make money. Ultimately, that caused my grades to suffer a lot, because once I got my driver's license, I would intentionally go and skip school just so I can work instead. Basically, my grades were so bad, and my test scores were so low that I didn't get into any colleges. That, combined with another short-lived job I absolutely hated, led me to wanting to get my real estate license.

I ended up using my savings throughout high school to go and pay for the licensing requirements in the online school, so I was really thankful I had my money saved away to be able to pay for that. Wanting to be a real estate agent was a bit of a random choice, but my thought process was that I wanted to be my own boss. I wanted to make my own schedule, and most importantly, I wanted to do something that didn't require a college degree. So I thought, well, my real estate license fits into that perfectly.

Of course, I went to Google to figure out how to be a real estate agent. Through that, I started taking all of my classes online. Because I didn't know anybody in the real estate industry, I would go to open houses every single week just to meet with other agents, introduce myself, and then ask for their advice. Of course, I would purposely pick the most expensive open houses I could possibly find in Los Angeles, because I figured if I was gonna go and do this, I may as well start at the top.

I found that the most inspirational. Most agents that I met just completely brushed me off as some annoying kid who went up and would just talk their ear off, but after doing that for a while, one agent was really encouraging of me getting in the business. We ended up talking that day for probably an hour or two, and at the end of that conversation, he ended up offering me a spot on his team where basically I would go and somewhat work for free, and then whatever business I would bring in, we would split it 50/50.

That's the point where I began working about 8 to 12 hours a day, seven days a week, and I just had so much fun doing it. I really felt like I had found my calling because it was fun. I started off by photographing his lease listings and then putting those pictures up on Craigslist. Then prospective tenants would call me, and I would show them the place for rent. If they rented it, he and I would split whatever commission I made 50/50.

Then I remember there was a point where he didn't have any more lease listings for me to post on Craigslist. I wanted to continue posting more lease listings, so what I did is go to other agents in my office who had leases and I offered to take free photography of their listing in exchange for them allowing me to post it on Craigslist and potentially represent a tenant if they called me. If they ended up renting it out on their own, then I didn't get anything, but they got free photography. And if I ended up renting it, well, they still got free photography, and I got to represent the tenant. That ended up working really well for me, and I was gaining some momentum and actually starting to make some money.

Typically, those commissions were anywhere from a few hundred to a few thousand dollars, depending on the price and term of the lease, and I was able to do a few of those every other week because at the time we were in a housing crash, and a lot of people were not buying houses but instead they were renting. I would say in the first nine months of me doing that, I made about $38,000. That was from me working about 9:00 a.m. to 9:00 p.m. almost every single day. For me, $38,000 at 18 years old, that was a lot of money.

Now I didn't have any idea of what to do with that money, so all I did is I just threw it into a savings account—that was it. It was also at this time that I needed a better car to show clients around in because I was driving a 1997 Ford Explorer with about 150,000 miles on the clock. The seats were kind of tearing up a little bit, the bumpers were all dinged up and scratched, and there were like paint scuffs everywhere. So I went and spent about $7,000 to buy a used 2006 Toyota Prius. At the very least, I could be a bit more presentable when I was showing clients around or pulling up in front of a listing.

Within a year though, things began really picking up, and by 19 years old, I had a net worth of about $80,000. Some of this may have been a bit of luck, but I really believe the more you put yourself out there, the more opportunity can come your way, and this was no exception. Here's what happened: I would hold open houses as a real estate agent every single Sunday without fail. Typically in the summer, it would be from 2 to 5 p.m., and in the winter it would be from 1 to 4 p.m. But after a few weeks of doing that, I thought to myself, "Wait a second, all the open houses are during the exact same time!"

So if I wanted to get more people on my houses, what I would do is just start an hour early and then end an hour later. That's what I did. And after about eight months of holding extended open houses every single Sunday, eventually a buyer came in looking for a three million dollar home. Now keep in mind, this price point was about average for the area I was holding open houses in, and I never grew up in an area like that. By the way, I would drive 45 minutes every single day just to get into Beverly Hills because that's where I wanted to work and that's where my office was.

But anyway, after months of holding open houses, this buyer came in and I ended up closing that buyer on a $3.65 million home. Shortly afterwards, after all commission splits and everything, it worked out to be about a $40,000 commission to me, which was insane! Like that was more money than I had ever seen in my entire life.

Now going and closing on that deal actually gave me a lot of confidence as a real estate agent that I actually had what it takes to sell a home. Just two months after that, I ended up closing another home for $1.2 million from someone who I met from Craigslist who was originally looking to rent a house but then later decided to buy something instead. At the same time, I was still leasing places by posting them up on Craigslist, so a lot of my work was beginning to pay off.

I wish I could tell you guys that I saved all the money, but honestly, I spent about $33,000 buying a used 2006 chrome orange Lotus Elise, which was my dream car. Maybe that wasn't the smartest purchase for me to have made at the time, especially because I didn't really have anything invested and I just went and bought a car. But that car ended up getting me into the car community, where I met some of my best friends and clients even to this day. Plus, in hindsight, the car didn't end up losing any value whatsoever by the time I sold it, so it actually turned out to be a relatively good purchase.

Now, when I was 20 years old, I had a net worth of about $150,000. This I would say was the peak of my workaholism, and I was just in a really weird spot in life. I had very few friends, and besides meeting up with people in the car community for the Sunday morning drives, I just felt really out of place. Everybody I worked with was at least like 40 or 50 years old and in a totally different place in life, and I could not relate to them socially.

On the other hand, everyone my own age just felt super immature in comparison, and I was in this weird in-between spot where I was just really lonely because of that. I just poured myself into work, and that gave me really good motivation to take on as much as I could because it just kept me going. I just hated being alone and not doing anything because it made me realize that I had no friends to go and hang out with.

But on the bright side, I ended up making way more money because I took on all the business that no one else wanted. I had all the time in the world to do it. I would work with the really difficult clients that no one wanted to deal with. I would work with the small deals that weren't worth anyone else's time. I would work with deals that didn't even lead to a sale because I just wanted the practice.

But that wound up working in my favor because some of that business ended up leading to more sales and more business to me as an agent. It was that year that I was able to cross a hundred thousand dollars in income. Almost all of that was from a few sales and rather large lease commissions, but it made me feel as though I was working towards something, and it felt really good to start seeing all my hard work and efforts beginning to pay off.

By 21 years old, things really began accelerating a lot, and I was able to build up my net worth to about $260,000. This is also the year where I ended up selling one of my largest homes ever at $5.5 million, and that buyer is actually someone who reached out to me in the very beginning from one of my Craigslist lease postings. By the time this company IPO’d, he ended up using me to represent him on the home he purchased, and that commission is really what I ended up using to go and buy my first property.

See, at the time, I was really stressed out with the inconsistencies of real estate commissions. The way it works is that I found myself working nonstop for months on end without earning a single penny, and then randomly a few months later I'll have a few deals all closing in one week. I really didn't want to have to constantly rely on the next deal to bring in my income with no idea when or how much that's going to be. So that’s really the point where I started taking a very active role in investing and trying to get my money to work for me.

I ended up using all my savings and even selling my Lotus Elise to use all of that money to go and buy real estate in San Bernardino that would eventually end up making me about $3,000 a month. The first property was bought for $59,500, the second one for $72,000, and the third one for $125,000. Each of those properties were lightly fixed up, and by the time I turned 22, they were all rented out.

At that point, I literally had no cash in the bank. I was completely broke—I would be lucky to have a few hundred dollars sitting in a checking account, and that’s it. I'll never forget how motivating that was to me to know that I had nothing to fall back on now with my bank account, and that just served as more fuel to go and close more real estate deals.

By 22 years old, those properties were beginning to go up in value and my income was increasing as a real estate agent, and that's what led to me having a $320,000 net worth. I would say this was the age where I began getting really interested in investing, and I spent a lot of my time browsing the internet learning about investing in real estate, how to increase my credit score, learning about how to open up a Roth IRA, learning about what a 401k is, learning about how to increase my credit score—you name it.

I think really once I saw my money firsthand working for me, it was all I could think about. It was also at this age where I discovered what's known as the FIRE community, or financially independent, retire early. It was this whole community that believed exactly as I did. They prioritized saving money, investing consistently, and then living frugally so you have more time left over to focus on what you enjoy the most.

That also really shifted my mindset away from how much money do I make every year to instead how much money does my money make me every single year. Then I counted that as my income. For example, if I made $100,000 a year after taxes, I would not see that as $100,000 a year. Instead, I would see that as $800 a month from a rental property every single month that I would not have to worry about. With a $100,000 investment, if I could just do that every single year over ten years, then that would mean eventually I would have $8,000 a month coming in from rental income, and I would never have to worry about money ever again.

That gave me more of a purpose and an end goal to work towards rather than just aimlessly saving money to save money. At least this gave me the option to then not have to stress about whether or not I make a sale that month or if I wanted to do something else I could, or if I wanted to travel, I could without money being a factor in that decision.

I’m really thankful to have learned that at 22 years old, all thanks to Reddit and the financial independence community. But in terms of my work here, my income as a real estate agent steadily began increasing. I think that year I did about $120,000 in commissions. My past lease clients were beginning to buy homes at this point, so I was a lot more busy working on home sales rather than leases, and that of course helped me make more money.

Now for the time that I was working by 23 years old, I had my property values going up and my income increasing, and that led to a net worth of about $440,000. A lot of this was due to the property values going up. I was still working the same hours as a real estate agent, and that income was increasing a little bit to about $120,000 a year, and I was investing in an S&P 500 index fund.

This year for me was really just a lot more of the same. I began getting a little bit more comfortable as a real estate agent. I started taking on a little bit more business, and more clients were using me to represent them on their home purchase. This is also the point where I began spending a lot of my free time on Reddit, reading up on the financial independence subreddit, reading up about investing your money, and tracking everything on mint.com. I really just made it a priority to save as much money as I possibly could. I would try to build up my credit score, and then when I had enough money, I would use that to go and invest back into buying another property.

By 24 years old, through all of that work, my net worth was able to pass $560,000. My business was becoming a lot more consistent as a real estate agent, and a lot of my past clients were then referring me more business, which meant I could kind of scale back on some of the lease listings on Craigslist. Even though I really didn’t have much of a life outside work, I was still really happy with the way everything was going.

However, I did start to feel like around this time I was plateauing in terms of what I was able to do as a real estate agent. I just started to feel like no matter what I did or how hard I worked, my income was not going up as much as I expected it to. I just felt like I would see every other agent in my office surpassing me, selling these mega mansions for these huge commissions. And especially as the market was going up, everything was flying off the shelves, and I really just didn't understand why I was working harder than them and doing more than them and working more hours than all of these other agents, and I was not getting a similar result.

So it was really around this time that I began to re-evaluate my business and take a very close look at who I was working with and what I was doing to try to figure out either how I could improve or what I was doing wrong. Now at the same time as that, the rental properties were continuing to go up in value. I think for several years in a row, San Bernardino was one of the areas that had seen the most appreciation year over year in California, which was just a bit lucky. The rents didn't really change much because they never raised them, but at least the property values were going up, and that helped me out.

Then at 25 years old, there were a lot of changes, but by the end of that year, I had a net worth of about $750,000. This is the time where I ended up making the switch to join the Oppenheim Group, which is a real estate brokerage here in Hollywood. Just that mental shift alone really opened up so many doors for me, and that was the first time ever where I grossed about $250,000 in commission. A lot of that shift, I really owe to re-reading the book "The Four-Hour Work Week," where I got to the point about the Pareto 80/20 principle, which suggests that 80% of your income comes from 20% of your clients.

I gotta say, that was a big wake-up call for me to re-evaluate my entire business. I realized that I was spending so much of my time chasing these really tiny deals that made up such a small percentage of my income. Whereas instead if I just focused on the highest yielding clients and tried to get more of those, I could make more money while having more free time to focus on other things. I decided to cut out most of my business. I would only focus on the high end, and I would only focus on what works the best, which for me at the time was leases on Craigslist.

Over $8,000 a month, I really started to become a lot more diligent and strict about where I spent my time, and that's what finally broke me past that plateau. And then of course in addition to all of that, the rental properties kept going up in value, so that helped out this number as well.

But then at 26 years old, I had an amazing year in terms of commissions and then buying a property that I fixed up, and that took my net worth to $1,150,000. I'll never forget what it felt like to cross that one million dollar net worth mark. I've always diligently tracked everything on mint.com, so I would go and check it every single week and just see the numbers go up and up and up.

Then I remember as soon as it crossed over one million dollars, I called up my friends and I asked if they would be interested in going to happy hour sushi that night. So that's what we did. I went to happy hour sushi and I treated myself to a sushi roll or two, and that's how I celebrate these things. Even now today, anytime I cross a big milestone or anything like this, it's usually rewarded with happy hour sushi, so not much has changed.

Anyway, I think my total gross commissions for that year as an agent was about $320,000, and then I used those commissions to go and buy a property in West LA for $800,000 that I then fixed up. Now, that was a really significant one for me, and that home purchase meant so much more to me than just going and buying a home. It was in such a good area in the middle of Los Angeles, just not too far away from Silicon Beach, which those property values had skyrocketed by then.

Being able to buy a home like that at 26 years old was something I never thought I would ever be able to do, and then here I was doing it, and something like that to me was just such a big accomplishment. Of course, as usual, as you would expect, I celebrated closing that one with more happy hour sushi. At the same time as all of that though, the other rental properties were going up in value a lot. The market was really on fire at this point, and everything was going well. This was really the point for me as a real estate agent where I started to feel a lot more competent in myself and just being able to represent clients.

This was also the same year, at the very end of December in 2016, where I posted my very first YouTube video that changed everything. YouTube was always something I had wanted to do. I was watching YouTube since like 2010, and for me, YouTube was my form of television because I never watched TV, but I would watch YouTube. So I've always wanted to go and make YouTube videos since back then, but I always felt in the back of my mind like, "Who would watch me on YouTube? I'm just going to make a fool of myself. I have no idea what I'm doing. It's not worth it; no one's going to watch me, so I may as well just not try."

But after years of telling myself that I am not cut out for YouTube and that no one would want to watch me, I just thought, "Screw it! Let me make a video. I'm going to post it to YouTube, sharing my experience about how I got started in real estate and real estate investing, and then I'm going to post it because if I don't do it now, I'm never going to do it."

So of course, I ended up filming something, and then I didn't know how to edit it, so I looked up iMovie tutorials on YouTube to figure out what I was doing, and then I posted the video. I swear, something immediately clicked for me once I posted the video. I'm like, "This is it! I had so much fun; I'm going to keep doing this."

Now by the time I was 27 years old, things really began to pick up quick, and my net worth accelerated to $1,750,000. Now this was the best year I've ever had in real estate. In 2017, I did just over $22 million worth of sales as a real estate agent, mostly from clients who started off as lease clients who ended up referring me more business. That just ended up compounding to a really good year, and I think I did about $500,000 in commissions.

I also bought a duplex that year and fixed it up, which I documented here on the channel, but I picked it up for $585,000. By the time I was done with it, I got it appraised and cash-out refinanced at $850,000, leaving me with a $200,000 profit tax-free. At the same time, almost every single night after work, I would get home and work on YouTube videos from 7 p.m. until about 1 a.m. I just had so much fun with everything that I was doing that I was almost disappointed to go to bed because I just wanted it to be the next day already so I can go and get back to work.

My schedule was pretty much waking up at 8 o'clock in the morning, showing homes until 5 p.m., then going to the gym, eating dinner, and then working on YouTube videos sometimes until about 2 o'clock in the morning. It wasn't about the money either. I think my entire year of 2017 on YouTube, I made $26,000, which was the equivalent of working a part-time minimum wage job compared to what I was doing as a real estate agent. But I just had so much fun making YouTube videos that I just made it a priority to never miss an upload and always post three times a week.

By 28 years old, things really began to accelerate, and I was able to build up a net worth of $2.5 million. 2018 was the time where I started taking YouTube a lot more seriously because my views were picking up, and I just realized, "Wait a second! Maybe I'm onto something here." So I doubled down on YouTube, even though at the time that was making me significantly less than I was earning as a real estate agent. I still worked the exact same hours, so I was ending up about one to two o'clock in the morning almost every single night. So, it was a really long day to be able to get everything done, but everything I was doing was just fun, and it never felt like work to me, if that makes sense. I just enjoyed it so much, and there was nothing else I would rather do.

I was also able to go and buy another duplex that year, which is again something I documented here on the channel, and during all of that, all of the property values were still going up significantly. I think all in all that year I made about $260,000 from YouTube and then about the same as a real estate agent. That combined with appreciating property and investment values brought me to about $2.5 million.

By 29 years old, YouTube just went crazy, and my net worth boosted up to about $4 million. 2019 was really the year I started taking YouTube very seriously, and I started getting more views than I ever thought was imaginable. I realized I had a rare window of opportunity that I was not sure I would ever get again in my entire life, so now was my chance to make it happen.

So, instead of spending 80% of my time in real estate and then 20% of the time on YouTube, I just switched that. I started spending 80% of my time on YouTube and then the remaining 20% on real estate sales. I think people could tell the difference because once I made that shift, the video quality ended up going up dramatically. I had time to create the second channel, I ended up making two programs, and I started to run this channel more efficiently.

Now at this point, by the end of 2019, YouTube was consistently earning anywhere from $150,000 to $300,000 a month through ad revenue, sponsorships, affiliate program sales—you name it! I have a whole video breaking down all those details, by the way, in another video. So if you want that, the link is down below in the description if you want to check that out. But of course, as usual, I tried my best to save as much of that as I possibly could.

I also used this time to refinance my mortgages because property values went up, interest rates went down. I was able to get more money out of them, save more money on my mortgage, and have more money in the bank to invest with. The combination of a really high income combined with appreciating property values led to a pretty significant increase in net worth.

Now with 30 years old, all of that work and income has compounded into a $6.5 million net worth. This was due to a combination of factors like I completed a renovation on one of my units; I ended up buying another property; the property values of the other six places ended up continuing to go up in value; I did a cash-out refinance to lower some of my mortgage rates to save even more money, and YouTube income has continued to grow beyond my wildest imagination. I'll go over my income breakdown at some point of how much money I make with 2 million subscribers on YouTube so I can give you all the details, but it's consistently been over $250,000 to $350,000 a month, which is crazy!

I know it sounds really hard to believe; I wouldn't believe it either, but I'll go over all the details in a future video. So if you're not already subscribed, now is a good point where you should probably subscribe, and then when I post that video, you're gonna see it.

Now at this point, I really think it's no surprise that YouTube is my largest source of income just because of how massive it is, and even with six rental properties, three of them being owned outright in a stock market portfolio, I mean YouTube is just so substantial at this point that everything else pales in comparison. I'd never tried to hide that, and I have no idea how long this is going to last for, but I have no intention of stopping, and I'm in it for the long run.

This is really one of those opportunities that came along where I knew I had to make the most of it while I could. It's always been a dream of mine to be able to do this and talk about the topics I'm really just genuinely interested in talking about. I get to nerd out about credit cards, personal finance, saving money, and investing, and I get to feel like I'm making a positive impact and helping people just make personal finance and saving money interesting.

So it's really unreal to help grow awareness around those topics and just talk with other people who are as interested in it as I am. But lately, everything has grown way more than I originally anticipated, and I'm just doing my best to navigate it as best as I can.

So for that, I want to thank each and every one of you for watching my videos and supporting the channel, because at this point, it's way more than just me. It's each and every one of you that makes this channel what it is and all of this possible. I'm always going to be as open as I can about topics like this and do my best to try to simplify complex financial topics or anything out there investment related that could hopefully make and save you more money.

Hopefully that gives you as much value as you give me by watching my videos and smashing the like button for the YouTube algorithm. And if I've learned anything over these last 15 years, it's the importance of saving money, investing consistently, and then whenever you find something that works, stick with it.

And also, always operate from a place of integrity. I think people really respect that, and even though it might be slower in the short term, it's going to work out much better in the long run. And also most importantly, I think it's so important that you enjoy what you do.

Just trust me when I say this: there's no way that I would have been able to work so many grueling hours if I didn't thoroughly enjoy it. The fact is, me working these crazy hours was because I enjoyed it. It would be the equivalent of someone going on a three-week vacation in Hawaii and being like, “Oh, where did all the time go? That felt like it went by in a matter of days.” That's how it feels like for me with work. I could work like 12 hours straight, and in my mind, I'm just in the zone, and it feels like two or three hours went by.

I really believe when that happens and you're in a zone like that, that's when you do the best work. Also, practically when it comes to making more money, it's essential that you could do something where you could leverage your time. For example, here on YouTube, it takes me the same amount of time to make a video to reach one person as it does one million people. Same with working as a real estate agent.

Looking back, what I should have done is hire someone else underneath me to take on more business, and then I get a percentage of what they make—kind of like how I first started out where I was splitting my commissions with another agent. That's something that never really clicked with me until I started doing this, and that's how I was able to increase my income to some very mind-boggling numbers right now.

But anyway, I digress. I really hope something like this is helpful and you're able to get some value from it. I never mean for these videos to come off as braggy or anything like that, because I get it; some of these videos could be really cringy to watch. But it's also hard to convey some of the details of these things without going over the specifics and the numbers, so I hope I did an okay job at that, and maybe this could help you on your way to achieving something similar.

And of course, I have to say it: smashing the like button for the YouTube algorithm. So with that said, you guys, thank you so much for watching. I really appreciate it. Make sure to also subscribe and hit the notification bell. Also, feel free to add me on Instagram; I post it pretty much daily. So if you want to be a part of it there, feel free to add me there as well. My second channel, The Graham Stephan Show, I post there every single day I'm not posting here. So if you want to see a brand new video from me every single day, make sure to add yourself to that.

And lastly, if you guys want two free stocks, use the link down below in the description. Webull is going to be giving you two free stocks when you deposit $100 on the platform, with one of those stocks potentially valued all the way up to $400. So if you want your two free stocks, use that link down below. Thank you so much for watching, and until next time!