CNBC Make It. Come to UTAH

Is the 80k before or after taxes? The 6200ish a month adds up to about 75k a year, and I'm sure she pays more than 5k a year in taxes?

How about an episode of an "elder" millenial with kids? You know not all of us are 20 something anymore....🤷‍♀️

@CNBC Make it This is why you don't take financial advice from TV networks. Shame on CNBC for posting something that doesn't add up financially. Numbers don't add up. At 80k a year, she would not be bringing home 75k. I have made a little over 59k so far this year and have already paid paid over $4500 in just FICA and medicare. Also, other numbers do not add up either. Has 1k in savings but she says she saves 1200 a month. Unless she just started this budget 3 weeks ago, she should have more then 1k in savings

Love love her! Congratulations on your new job!! And let’s get that savings up!! 🤗🤗

She's very adorable too. I think many people want to be her friends.

Agent_WestCoast A I agree!!

I mean 1 and 2 blew my mind just enough. I like her!!

I don’t think she’s in a relationship for 5+ years for savings lol

@@cdai216Lol... I'm sure he has paid for some dinners, but yeah I agree.

Were you aware of the program she was speaking of?

saturncrush so I did a quick search and it’s called HPAP

Open Ranks Check out the channel “Invisible People”. It will give you a different perspective of how fortunate many of us are to own a home; to simply have a roof over our heads, somewhere to take a shower. An illness, bad decision-making, or a series of unfortunate events could easily change that. Stop being so pompous and arrogant.

Open Ranks you better be thankful.

78 Vette exactly, very fortunate!

Right! Not a transplant.

@@FaithDow Are most D.C. residents transplants?

@@slickrick2420 The population of Native Washingtonians has greatly decreased in the past decade.

Right

Facts, especially in DC where the market will appreciate like crazy. I'm proud of her. Wish I could do the same in NYC.

She’s doing damn well. Much props to that sister.

yep, you don't need to live on the whims of a landlord who may increase rent

How can you build equity?

@@sussiecue3804 through real estate

not scary if you have savings.

@@bryanshealy1260 being unemployed is scary with or without savings. Your equity can only go down if you just rely on savings

false statement. You're equity can indeed go up. Cut costs increase revenues on assets.

Not really, you can always Airbnb or get a permanent roomer.

I did it at 23 years old and no savings to speak of. My full time job became looking for a job. Found one a week later making 25% more than my old job. Loosing your job isn't always a bad thing.

Yes your taxes are paying for it moron.

Tell me about it.

Yea but to qualify you need to only make a certain amount at the time you are looking . Most ppl I know in this area make way more than the median income required to qualify unfortunately

If you move , you have to pay the money back

@@Tagg25 Which is why she's Not moving anytime Soon.

FinanceFaucet it wasn’t a good deal, it was a government handout. They gave her a $64,000 down payment.

@@OmahaTonyG You're under the assumption that's bad. She got a free $64,000 if she lives in that house for 15 years and if not the loan is at 0% interest, sounds pretty smart to me. You could argue that she's playing the system or that taking handouts is low, but if I qualified for that when it comes the time that I'm purchasing a house you better believe I'd be doing that lol, no shame here.

@@financefaucet817 do you know what that program is called? Also, would she be able to sell it if she ever wants to? There are programs like that in Alexandria, VA but if you decide to sell, you have to sell it to the city. I think🤔

Tony Gayden So too for many many individuals who look nothing like her. Qualifying for a salary based incentive is not a handout in technical terms.

@@OmahaTonyG it makes sense for the government point of view. Its people like her choosing to live in DC and raise their kids there that will help the city grow.

Mos definitely!! Up & coming!!!

Yes, I live in SE. That home will be worth over a $1 million soon.

I don't understand why because Shaw is a ghetto.

Exactly, this is empowerment, not that crap she ra says about i bring nothing to the table lol.

@Open Ranks owning your house at 27 put u way ahead of the average, just saying..

@@qundraygray2746 thats very true, still it put u above, she can rent it, sell it etc, own land is the best thing u can do in america, every realtor would tell u that, bcuz of inflation it just going up, think about it.

@shyvixx100 no It's true, It's normal....... Its need to go.

@shyvixx100 the race card need to go

Lol #word

Because it’s hard to find black people making this kind of money and being responsible with it compared to white people.

Dew Time is it really?

They were too busy profiling people making more than 6 figures

TLM they didn’t start that way though if you look at their first couple of videos. And there are more than enough Black in this bracket for a web series

But no man

LiftWeigh she has a 7 yr long term bf and will probably be married soon. What a hater!

@@coppercoloredlifestyle9498 7 year bf? Lol man wth. If a man doesn't want to lock you form after that long.. There's issues.. Unless ofc they both don't believe in marriage in the Americanized sense

@@LiftWeigh That's a lie. I was with my guy for 10 years before we got married. We married 5 years ago and just purchased a home in NYC. We both wanted to focus on our careers before getting married. I am a finance lawyer and he is a professor. It's called family planning, dummy!

@@LiftWeigh Shut up. Stop being jealous of a woman who has her life together.

D Staff I’m not a sexist I love to see men winning, but men have always won. Therefore when I see woman winning especially a black woman I gotta 👍🏽. Bye troll.

Tamara D 🙌🙌

I think the one membership is just your basic gym and the other membership offers classes and stuff so you get pretty different things

Right! So glad she's a home owner and in an affluent area too.

I have more than one gym membership all the time. Different gyms provide different services.

Jamal Brown everyone keeps saying how well this girl is doing, but only $1000 in savings while spending so much on self care and $9000 in CC debt is NIT GOOD

@@elainabauer4531 I think beyond the credit card debt, she's in an ideal position for her age. I think the fact that she owns her own home puts her at an extreme advantage. I do agree, perhaps the debt is pretty high, however for her to share that much information with the public is admirable and I'm sure she has a plan to reduce the debt on her CC.

Elaina Bauer she was unemployed 6months she probably got that debt from not working . 🤦🏾‍♀️

Rommie Abdelnour I really want to see his reaction to, wait for it, Millennial Money

gwimmer98 Lol I know I can’t wait and you should smash that like button for the KZfaq algorithm

Bichr Salhi, Lol seems like someone woke up on the wrong side of the bed today maybe make your self a 20 cent iced coffee and stop being so cranky

Lol, I was thinking that throughout the entire video! He's gonna tell her to eat out less, drop one of the gyms, and pay off her student loans ASAP!

@@bsca1956 Sounds like you need some Avocado Toast ;)

being scammed is nothing to be proud of.

@@distorta who's being scammed here? Are you talking about DC being scammed? Because this incentive program literally makes the city money over 15 years at least double, more like 3-4 times its initial investment. I can cut and paste another one of my comments explaining how to this idiot that doesn't understand the difference between welfare and incentive programs.

Ab13 I’ll bite. Go ahead and explain it. How does giving someone $64,000 and a no interest loan make money? Why don’t all cities do it if it’s such a money maker?

Symbiotic Flux But she will have to pay taxes on the down payment (as income) and if the loans are forgiven (99% rejection rate for student loan forgiveness program) she will also have to pay taxes on the total amount of the loan, including interest. That will be a LOT of money!

@@OmahaTonyG Why it's so hard for people commenting to do basic analysis and math is beyond me. You do know a city's financials has to do with a lot more than just one program right? To get this out of the way first, let's say she doesn't stick out the 15 years. She has to pay back the 64k so the city is made whole right there. Also every year she stayed in DC she pays around 5300 in income tax. So let's say she stays 3 years and leaves the city still made about 15k in profit it wouldn't have is she lived in VA or MD, which alot of people working in DC do. That's the whole reason these are incentive programs. It pushes people to live in DC which provides the city with more revenue. Now this is actually the worst case scenario. A better and more likely one I'll describe below. Now, as she plans to stay in DC let's assume she stays the 15 in that house. Let's take a look at how this plays out fiscally for DC in the second worst case scenario. The second worst case here is that she stays for 15, but the house value doesn't increase from the current 750k stated in the video, which is very unlikely, housing pretty much always increases in value over a 15 year time frame, and her pay doesnt go up at all from 80k. Again very unlikely, but let's play devil's advocate to keep it simple for you guys. At 750k she'll pay a total of about 64k dollars (look up a DC property tax calculator if you dont believe me). So again in the WORST case the city comes out even. But wait that doesn't even include income tax. Again assuming the worst, she gets no raises or promotions over the next 15 years, she will still pay 80k in city income tax to DC. Those taxes would not go to DC if she didnt live in the city like this program incentivises people too. Not even counting sales tax and other things, the city has already more than doubled its money in second worst case. Also, you do not have to pay income taxes everywhere, which might draw here to other places. So, not only does this cost nothing it actually makes money. This would not be the case if she were to move to Virginia or Maryland. Realistically, with rising home values and promotions, this program will probably make the city 3-4 its initial investment if not more. That profit right there is why cities and states offer these incentive programs. They are a net benefit, even from a purely fiscal analysis. As for your question why doesn't everywhere do this? I don't know some states have no income tax so no benefit in loaning people to move there. Others might just be run by idiotic republicans, so even if programs like this make money and are fiscally responsible, they just go on their FEELINGS that giving out money is ICKY, and won't do it. You already see a bunch of idiots in here calling it welfare when it's not even close.

VA housing market is 1.2 mil. Good Luck

VA housing market is 1.2 mil. Good Luck

VA housing market is 1.2 mil. Good Luck

That’s what I said... wth

​@Will Black agreed, a woman paying $640 in self care a month is getting taxpayer dollars for a house :/

Millionaire status while paying down $100K in student debt and making $80K/yr?? Are you high??

Roommates are a pain

Maybe the boyfriend will move in and help at some point .

I was thinking the same thing...

Not for dc. She's in the upper median. In fact that's how she was able to get the deal on her house

@@benakin9172 when we say take home pay we are saying the amount she sees after taxes etc...I live in DC make more than she does and see less after taxes etc

@@revans4783 Okay...?

How is she paying less than $5000 a year total in taxes?

Agreed. I make about 15k more than her and my take home is less.

She said she is paying $1500 a month on the credit card bill also, it was probably from when she was unemployed for 6 months. I think she's doing a great job and plus she's only 28

Traci Lewin never said she wasn’t doing great but she’s losing lots on interest.

@@balexandrio7227 why don't you make an anonymous donation so she can pay off the CC at once? I'm sure she would appreciate it!

@@tracilewin4659 Why would Brittany donate to the video lady? It seems like she's doing well. She was just commenting on that it's irrational to pay more on a lower interest larger bill than a high interest bill that's less money.

@@TheKarebear666 why not? You could donate too

Natalia Wojdak Taylor swift look a like

Thank you!

Natalia Wojdak, My exact thoughts. I make $81k and take home less money than her. I live in NYC where the taxes are much higher I get it. However, the numbers don’t add up. Unless she has another job bringing in extra money the numbers are off. Please make this make sense. I love that she is doing her thing. Wish we had a home ownership program like that in NYC. I am proud of her accomplishments. The numbers are just off. 🤷🏽‍♀️

She lives in the land of fraud silly

@arkzo Dude 90K does not cut it for her net income by a longshot lol. Taxes are beasts. Shes likely making around 120k

-bummy loser

He'll need it. Specially at the rate he keeps footing the bill.

@@bigbraz he's just closing the wage gap between men and women by footing the dates.

@@Styl3Associt3 hahaha.... I'm with it.

Why assume he’s not as financially responsible??? Y’all find anything to complain about.

I thought she said she didn't have student loans because she got scholarships. And she landed a job making 80k a year so that's not bad that's pretty good

nordette she has $100K from grad school. Undergrad was $0 from scholarships.

She's in the loan forgiveness program

@@nordette That was for undergrad...

Thank you but she has a good salary I'd love to make that amount. More money in savings and paying off cc she should focus on. Bf is not the long run unless that's all she's after.

Steve L everyone who agrees should like your comment so that CNBC sees it

Yes

Yes!

that wouldn't make sense. One, he would have to contact them. That's -alledgedly- how everyone landed on CNBC. Second, this seems to be for people who are not known, which Graham clearly IS known. Wouldn't make sense. Three, you can't have someone roast themselves on their OWN channel and garner MORE views than the home team. Just bad business.

@@Ndasuunye but it would be good as it is like a glitch in the matrix thing plus it is win win for both channels

THANK YOU

I just want to know where people get these jobs

Jahasia Cooper I don’t call living in debt, dependent on government handouts “killing it”. She needs some basic financial education before she drowns.

@@OmahaTonyG I hate to say it because I love seeing black women doing good. But this wasn't it :/ I was disappointed after watching.

@@OmahaTonyG I meant the fact that she has a plan for her finances, is using the resources around her to be successful, and has a career that she loves. Thanks for the comment though ;)

@Angel Sinclair I said what I said. Thanks for the comment.

UnFamess the credit card debt has to go 👋🏽

Carlos R lol

ThankTheLord she’s using him for meals so it’s cool 😎🤷🏽‍♀️

ThankTheLord Marriage isn’t a destination for every relationship. And if she’s in a better financial position than he is, marrying him could be the worst thing she could do for herself financially.

ThankTheLord Marriage isn't every woman's goal.

If it works for them who are you to judge?

EXCELLENT EVALUATION. EFFICIENCY IS DOING THE MOST AMOUNT OF WORK, WITH THE LEAST AMOUNT OF EFFORT.

Spunkymunky non resident can apply if there moving to the area .

I said the same thing she needs the baby steps

Riiiiight!!!!!!!!!!!!!!!!!!!!!!!!!!!

I think the idea is to inspire others with ideas on how NOT to be a struggling millennial. No one needs advice on how to struggle. I'd say all of us, no matter what age, can accomplish that easily. But seeing how folks are navigating life and finances for the win is so needed.

@@todrapayne but $25-$30k a year is identifiable and representive of what most people's lifestyles are like.

@@jdlc903 I understand and you're right. But I don't want that to remain my reality, so I want to see how others are generating more and how they budget it.

@@todrapayne but she's not budgeting, she has 2 gym memberships and spends $640 a month on self care. She was just fortunate enough to get this massive loan enabling her to buy a home in a desirable neighborhood at a vastly reduced price. Her story is definitely not the norm.

The video explains that she was unemployed for 6 months and is now working on replenishing her emergency fund. She also stated that she was new to her current position.

@@jojolemoncrsh what it doesn't say is WHEN she bought her house. She shouldn't have purchased it with so little in savings even prior to being out of work for that long. She doesn't need 2 gym memberships either. She needs to re-evaluate her spending habits.

RichestYou Factoring in the help she got from the city, she put more than 30% down for the house which allowed her to have a monthly mortgage payment of $880. If you look at the link in the description box, you’ll see she bought the home for $250,000 in 2017 and the value is actually closer to $800,000. Since she put $13k towards the house and still had enough to get her through 6 months of unemployment, I’d say she had a decent amount of savings. It’s not the most impressive savings profile but it’s better than most people her age. A quick google search of the Shaw area shows that rents for a 2 bedroom start at $2,000 a month, which is well over her current mortgage payment. Considering how rapidly DC is gentrifying, it seems like a well thought out decision to own and build equity with the help of the city instead of renting. There’s certainly room for improvement in her budget-I’m not contesting that. From my perspective though, her purchasing the home is one of the better financial decisions she has made.

@@jojolemoncrsh that's actually a good deal overall, but a home is still a liability until she sells it. She still needs to work a little better on her money habits.

@@jojolemoncrsh I don't think the home was valued at that amount, I believe it stated other homes in the neighborhood, and it used Zillow numbers which aren't exactly known for being reliable.

That's what I was asking myself too!

Shannan W I disagree. She is drowning in debt and dependent on government programs to maintain her lifestyle. Her career choice is so limited that if she loses her job she would likely be unable to get the same income anywhere else. She needs to watch some Dave Ramsey and get her self together.

@@OmahaTonyG I was shocked reading these comments on how she's doing so well. 100k in a worthless degree, 9k in credit card debt is not "doing well".

ikr. i wonder if residents of dc pay fewer federal taxes. but that doesn't sound right either. they certainly don't have "state" taxes, though

Taryn yeah my annual salary is 80k and I make about $4500 post tax monthly in NYC... I’m confused by this girls numbers

Actually there is DC “state” income tax. Maybe cuz she’s a government worker or something

@@uechanchung truuue

It’s pretty simple, she spends more than she earns. That is why she has credit card debt.

Yeah that’s alone will take 20 years to pay

She's paying 1500 a month on the balance will be paid off in less than a year probably at this point by like February or March either way the cost would be about the same she's paying off more of the mortgage right now and the house will be paid off sooner and then she still paying way more than the minimum balance of whatever the credit card is well paying minimum on the interest so she's probably only wasted a couple hundred bucks over the next 6 months on the card but if she has multiple credit cards and they all have zero balances by then in her house is almost paid off she's in very very very good Financial shape better than 95% of the country

Yeah a lot of these never add up correctly

Still. If you go by her math, the purchase price was around $250k. Go online at look at the condos in Shaw that cost $250k. MAYBE in a foreclosure you’ll find an absolute shithole at that price, but that’s about it

Drew Conway yea but your health is super important.

@@TheSkatereel But who needs two gym memberships??

Yeah doesn’t add up

the doge I thought she looks younger

Looks pretty spot on 28 to me, keep in mind she's not wearing makeup.

It can be stressful being black in America.

C. Lincoln lmfao.

@@financefaucet817 I was just focusing on her hair root. Looks like she's starting to bald idk.

Eli Lieberman for real. Those numbers make no sense. Also who goes to the movies at least twice a week???!

Same. Where are the taxes? I make $50k and I swear I only take home like $35k 🥴

@@rachelfrombefore I feel you! It's weird because she says she "makes $80,000 a year," but even if you assume that's after tax- 80,000/12 = ~$6,667. Which is not the same as the $6,257 monthly budget from the video! My take home is about 75% of my salary