What’s your budget breakdown? Share your story with us for a chance to be featured in a future installment. cnb.cx/32TYZ2K

@Ava_sava

4 жыл бұрын

What about Suburbs around Philly, Bucks County Area

@allanchen8496

4 жыл бұрын

How about Chicago?

@abbasmortada6226

4 жыл бұрын

I never knew 45 is a lot thats like rent money

@kreativeforce532

4 жыл бұрын

-$157k

@Mogardie

4 жыл бұрын

I live near Philly and spend $8000 a year on music festivals

I liked this one the most. Relatable and more down to earth compared to “I’m 20 years old and make 200k a year!” 😂

@mustarsic

4 жыл бұрын

I liked that consultant guy. He is the most relatable to me as a 23 year old software engineer who makes over 200k

@kurtoshi38

4 жыл бұрын

He’s not relatable because he makes 2 times more than what my parents make combined a year

@andriod8014

4 жыл бұрын

Libra_bitchy $600 on food?????? My family of 5 only spends 200-300 dollars on food each month.

@mustarsic

4 жыл бұрын

@@kurtoshi38 that's nobody's fault though...

@theendurance

4 жыл бұрын

mustarsic hopefully I can get there too 🙏

Been with this man in elementary school in Lexington, MA. He’s always been kind and just a happy man. Good to see him come so far. Much Love Victor

@misterman6691

4 жыл бұрын

moved to four corners near lexington/woburn and stumbled across this series this month very strange

@jeanp.5929

3 жыл бұрын

I live in Malden. Glad to know people from our area are doing big things.

@TonyMoze

3 жыл бұрын

@@jeanp.5929 i'm loving to see some Boston area people here :)

@TonyMoze

3 жыл бұрын

@@misterman6691 yussssss - i'm from that region. so happy to hear some nearby Boston people :)

@TonyMoze

3 жыл бұрын

omg! so happy to see another Mass (especially near Boston person!) - Lexington!!!!!!

$45K isn’t much in DC at all! He was very blessed with his parents ability to help him buy a home because rent prices there would be almost $2K alone. & also, they need to pay these ppl more for the work he does. stay until 10pm with probably no OT. insanity.

@jacquelinm2662

4 жыл бұрын

Thank God for people like Victor because it couldn’t be me.

@rigomartinez7217

4 жыл бұрын

No OT is bs.. he is a fed employee he gets his OT

@edwink1467

4 жыл бұрын

Jimmy Sivongsay Who says his parents bought him his apartment? They just *helped* with the initial down payment, but he’s responsible for paying $1400+ per month in mortgage. If the parents aren’t selfish idiots and have an extra couple thousand dollars laying around, what’s wrong with helping their own son with a down payment?

@undertaker11ism

4 жыл бұрын

Iris Kea Rent over here is way higher than 2k in most places, especially around NW and NE.

@jaysivv436

4 жыл бұрын

johnnyXXX It’s not that he can’t afford the mortgage, he has a decent job. But if you want happiness, get it on your own. If you wanna look successful, then by all means take advantage of those that want to help you. You carry a difference sense of confidence with self-invested ownership.

Accolades to this man for being a first gen Asian American that is working in the Government sector! That is not common and should be talked about more especially within the Asian American community! Thanks for the representation!!!

@LaidbackLuc9

4 жыл бұрын

Taylor Ma technically second gen, right?

@illiniwu

4 жыл бұрын

@@LaidbackLuc9 his parents are immigrants so that makes him first generation American/Asian-American

@emotionscomeandgo

4 жыл бұрын

@@illiniwu false. He is 2nd gen... His parents are 1st generation American citizens. The video is wrong.

@iriemonmon

4 жыл бұрын

@@emotionscomeandgo No, he's a first generation American. He was the first generation of his family to be born American and grow up here. Second generation Americans are people whose grandparents immigrated here.

@BurntMarshmallows

4 жыл бұрын

Representation matters. Glad this guy is doing things in DC. Along the lines of politics, Andrew Yang is the only POC in the top 5 dem presidential candidates. He's impressed me with his 150+ policies and intelligence towards solving the nation's problems.

Politicians don’t pay their staff enough....what a surprise

@TheLegendOfNiko

4 жыл бұрын

Angel Ramirez Scientists get paid sh-t too.

@ElinWinblad

4 жыл бұрын

Correction: YOU don’t pay them enough (taxpayer)

@aubreybey

4 жыл бұрын

Elin Winblad shut up

@FaintAura

4 жыл бұрын

@@ElinWinblad I pay enough in taxes, thanks commie.

@ElinWinblad

4 жыл бұрын

FaintAura lol I’m not a commie and I think they shouldn’t get paid more. I just like to remind ppl that WE are the government it’s not some magical money fairy.

Thank you all for the LOVE. Wanted to share my story to encourage more Asian Americans to consider a career in government and to illustrate the low pay that Congressional staffers receive. Trying to do my part in making the world a better place!

@Kelly-mn8fd

2 жыл бұрын

Thank you so much for participating in this! I want to work in DC and was trying to figure out what a budget would look like and the types of salaries I should aim for. Gives me courage to do something I want for lower salary seeing you succeed and sacrifice as a Legislative Assistant

@victorzyang

2 жыл бұрын

@@Kelly-mn8fd Glad that this video was encouraging, hope that you are able to make it out to DC and let me know if I can ever be of help!

@Tr-ey8no

2 жыл бұрын

Good stuff! Glad I stumbled across this video

@khalidalali186

Жыл бұрын

Good luck dude.

@rvelasquez

Жыл бұрын

As a guy, I just have to say that you rocked that red attire!

Finally, a realistic episode of someone not making $100k+

@milliemouse6525

4 жыл бұрын

Oh gee! I thought everybody makes a $100,000 a year 😂😂!

@danm1063

4 жыл бұрын

That said, he owns a house that his parents bought him. So idk how realistic that is

@CHSBulldog59

4 жыл бұрын

@@danm1063 right, that was the gotcha moment.

@dm-jf5uu

4 жыл бұрын

I know

@Brandon-cs8gw

4 жыл бұрын

Making 100k & barely making it just doesn't add up anyway. 100k pays for everything almost, & then be able to save a substantial amount as well

Ok y'all did him wrong though cutting to ice cream snickers right after "I don't usually spend money unless it's an expense I really feel like is necessary 💀😂

@bazli83

4 жыл бұрын

ok but here me out, it's cheaper to eat ice cream snickers than it is to get a scoop outside :D

@nursliman3600

4 жыл бұрын

Snickers ice cream IS a necessity

@Msdufr

3 жыл бұрын

He said food is a necessity.

" Money is a tool. Not something it should be idolized" omg thank you sir!

@CC-si3cr

4 жыл бұрын

What he said @ the end was spot on. DC is really not the place to make money even if you are a lawyer. People move there to make a difference.

@jcmedia8696

4 жыл бұрын

poor people mentality, ive been there and made those excuses

@piadinaaffamata9191

4 жыл бұрын

@AmarNathan seems like a sad life

@piadinaaffamata9191

4 жыл бұрын

@AmarNathan just that there's something more to life than money. It is *very* important, but there's so much more to life than that. The sooner you realize it, the less you'll regret on your death bed

@r56mini

3 жыл бұрын

More tools are better.

"Public transportation because it reduces my carbon footprint." I love this man

@user-td7xf3gz4l

4 жыл бұрын

Actually walking would be better

@juggerswood

4 жыл бұрын

When you calculate your trip in d.c. using metro they tell you how much carbon you are not producing in pounds.

@juggerswood

4 жыл бұрын

@@user-td7xf3gz4l but then he'd be sweaty.

@cee-lopreen6754

4 жыл бұрын

DC also has the 3rd biggest metro in the United States and its very efficient and fast.

@ginnayyyy

4 жыл бұрын

@@cee-lopreen6754 I don't know about either of these two looool

I’m rooting for him. He’s going to be someone very important one day.

@MihadAlzayat

4 жыл бұрын

YANG GANG

@EmersonWen

4 жыл бұрын

@@MihadAlzayat lol I got Yanged!

@adgg8250

4 жыл бұрын

Agreed

@Angel-cs7bt

4 жыл бұрын

Alexandra Kirk R

@adeyosola414

Жыл бұрын

For some reason, he reminds me of Obama

He got that politician smile down!

@chicnoir29

4 жыл бұрын

🤣🤣🤣

@emotionscomeandgo

4 жыл бұрын

He's as fake as any politician. He reminds me of an Asian Adam Schiff. You can see the fakeness coming out of him.

@DezNutzBich

4 жыл бұрын

@@emotionscomeandgo you should see Trump's 🤣🤣

@emotionscomeandgo

4 жыл бұрын

@@DezNutzBich Trump isn't a politician. That's his problem.... Trump is Trump. He's too transparent.

@salifusadat3002

4 жыл бұрын

emotionscomeandgo you mean Trumsparent

Crap he’s so proper and well adjusted like just everything is correct

@dopegod987

4 жыл бұрын

It means something is very incorrect!

@worldonawrist

4 жыл бұрын

Welcome to D.C.

@aphenr281

4 жыл бұрын

sv 93 yeah just hope nothing happens to him or else everything is going to come crashing down pretty quickly. Money wise he explains things pretty good.

@jmusmc85

4 жыл бұрын

Dante Alighieri LoL. Exactly! Such a dork. Does he have any edge to him? Sounds like he’s at a job interview.

@adamd6648

4 жыл бұрын

Dope God like what he has to be a drug attic or smoke and drink all the time like literally almost everyone?

"My parents helped me buy my house because they thought that it was important to be financially stable ..." Generational wealth - still the number one determinant.

@chicnoir29

4 жыл бұрын

Always and forever.

@senoracheapee1864

4 жыл бұрын

A R facts

@user-td7xf3gz4l

4 жыл бұрын

No doubt. Become the legacy changer for your family

@dexter131

4 жыл бұрын

I think it has more to do with generational intelligence. Sure his parents gave him a hand up - but he ran with it instead of squandering on Starbucks and a liberal arts degree. Most of America is terrible with money to the point they can't give their kid any advantage. Unfortunately for those kids, even when they do receive a golden ticket - they waste it. Why do you think most lottery winners and athletes are broke once the money stops rolling in.. It's your responsibility to change your life for the better, don't be like your parents who couldn't help even if they wanted to.

@bobgrime6983

4 жыл бұрын

@@dexter131 Exactly. This is truth. Stupid does breed Stupid but it will take the sacrifice of one within the generation to turn it around for the better.

I love his perspective on money and how eloquently he speaks about his neighborhood and his job! Such a positive guy with nothing but a good attitude on his lifestyle. Go Victor!

that shoerack got hella screentime

@Breakable7

4 жыл бұрын

😂😂😂😂

@thelifeofnicx

4 жыл бұрын

lmao

@sidersproductions941

4 жыл бұрын

Lol!

@yolkthosenuts

4 жыл бұрын

Gotta flex

@morningsunshine0216

4 жыл бұрын

V random it really did 😂😂

My favorite so far, people like victor have the right priorities. Service to country and not forgetting where you and your family come from.

2020 Andrew Yang 2040 Victor Yang

@junhaozhu

4 жыл бұрын

Yang gang is real lol

I'm also in DC and I make a about 48k. it is not that easy. Props to him for making it work.

That’s a LOW ammount of money for living in a big city

@diamcole

4 жыл бұрын

johnnie g It’s definitely not the most comfortable haha especially not in DC!

@SonceraeLong

4 жыл бұрын

I make a little more than him and I'm struggling here in DC. I'm so amazed that he's able to make it work

@SonceraeLong

4 жыл бұрын

​@Evral Tatum-Mcfield I've lived in DC my whole life. But any other person looking to move here making only $45K with no help wouldn't be able to purchase a home let alone afford a one bedroom apartment for over $2000 a month plus other bills. I live on Capitol Hill as well, so tell me more about being able to afford new outfits every week cause I'd like to be able to lol

@sbond7510

4 жыл бұрын

I moved to the DC area 15 years ago making about $45k. It was pretty hard and I would never recommend it to anyone at that salary without help.

@Somelikeitthrift

4 жыл бұрын

Especially in Washington, D.C.

$45k/YR IN DC!! Wow! Congrats my man on the ability to live a minimalist life style to be able to save and live like that. Great video! Thx for sharing!

@susanmiron5002

4 жыл бұрын

Yeah right, Minimalist lifestyle! He spends $600 of the month on food

@edwink1467

4 жыл бұрын

Susan Miron since when is eating food not minimalist?

@RunetotheScape223

4 жыл бұрын

$20 per day on food? That’s pretty reasonable, and I don’t think part of minimalism is not spending much money on food.

@bighou2359

4 жыл бұрын

Come on now, it's not that hard when your Parents boost you $150k on the downpayment. He ain't slick.

@user-td7xf3gz4l

4 жыл бұрын

@@susanmiron5002 such bs lol you're correct

Ladies and Gentlemen....Your President of the united states in 2044

@buggaba

4 жыл бұрын

He can run in 9 years in 2028 when he's 35

@iPhoneAppReviewer

4 жыл бұрын

Jian-Lin Li Unlike Donald Trump he only received a small loan of $150,000 for the down payment of his apartment.

@MsDesiree39

4 жыл бұрын

Ha! How many Asians voted for Obana? Just wanting bragging rights that's all. It's not an Asian country and they dint have to vote for you

@x000s2

4 жыл бұрын

Who knows!

@laparisienne9520

4 жыл бұрын

May be he doest not want to be President! It is not for everyone.... And not everyone who is working in the capitol wants to become the next President!!

He’s planning to run for office

@ChandanBhuran

4 жыл бұрын

This whole video sounds like free election ad!

@hanbone05

4 жыл бұрын

I’ll vote for him 😂

@cocobutterchin6768

4 жыл бұрын

Run for office in China after the pandemic

@SAnderson54

4 жыл бұрын

yuuup!

My brain is screaming "why is he not renting his other bedroom!" Even the most basic room rental goes for $800 in DC!

@octaviakf

4 жыл бұрын

Solar T. Tauri maybe he doesn’t want strangers in his home thinking about safety 😬🤷🏽‍♀️

Favorite video. So relatable in many ways. He’s also very intelligent and humble!

I honestly adore Victor! His priorities are in order. Yes, this may not be a lot of money right now but I’m sure this is a stepping stone position. We all have to start somewhere!

I loved this video. I completely agree that most people who go to DC don't do it for money.

@SinSeared

4 жыл бұрын

Lol yes the hell they do. Why in the world else would you live in DC? The crappy whether? The worst traffic? The high cost of living?

@carsnob

4 жыл бұрын

@@SinSeared They wanna work in the nations capital maybe?

@kristinrodriguezrealtordmv3434

4 жыл бұрын

We absolutely do! The job market is solid in DC, MD and Northern VA. WE come for the money honey! Hehe!

@carsnob

4 жыл бұрын

@@kristinrodriguezrealtordmv3434 😂🤣😄

@LadyK007

4 жыл бұрын

Krittie In the City facts!!!! DC is here for the money, but maybe Capitol Hill staffers are not. A lot of the Capitol Hill staffers don’t get paid much at all,but often find lucrative positions once they leave the Hill.

So down to earth, such a positive attitude on life and on money, and so handsome. Love this guy!

Luckily he has his parents to help because you're not gone live that comfortable off 45k in DC! This video made it seem easy!

@84transport35

4 жыл бұрын

jlovetjat A lot of folks, missed that part. His house was 350k, and his mortgage is 1,450 per month. They said his parents helped him. His parents gave him 200k for his house.

@jlovetjat

4 жыл бұрын

Exactly!!!!

@emartinez2809

4 жыл бұрын

84 TRANSPORT my house is 315k I’m paying over 2000 a month

@juggerswood

4 жыл бұрын

@@emartinez2809 I pray for your soul. 🙍

@shavonboone87

4 жыл бұрын

He's not living comfortable one of his whole check go to his mortgage. I'm sure he need the second check for assistance.. 45k is not a lot money to live on and be comfortable.. you needs some overtime

Keep making more videos like this! It's nice to see someone that is actually relatable!

He’s a 26 year old government employee. His income is reasonable. And he could earn more on the side. But I reside in the DMV area. $189,700/yr is required to enter the top 10% of income earners. $117,000/yr is average!

@Dallas3212

3 жыл бұрын

And you make which? ;)

he is so calm and generate positive vibes. i wish i can be like him one day and stop worrying too much about money!

I really enjoyed this episode. It was relatable and he's only one year younger than me.

This was an informative and relatable perspective. I hope other publications doing videos about people earning $100k+ are taking notes.

I really enjoyed this one! Please continue to show more people with relatable salaries. Kudos to you Victor, you are an exceptional young man.

As an Asian American who’s is 24 this is one of my favorite Millennial Money videos. Not only was it more realistic to what I make, it was inspiring to see someone I can relate to. Also, Victor did an amazing job at giving perspective on salaries for our government workers as well as a general idea of what it’s like and why he does his job.

So handsome and disciplined guy 😍

@senoracheapee1864

4 жыл бұрын

Habon Hajira he’s adorable

@bighou2359

4 жыл бұрын

Thank his Parents for the $150k boost on his home downpayment.

@paulaaquino5847

4 жыл бұрын

he's asian, his parents are 1st gen immigrants. So it's high likely they're intensely frugal and hardworking-that 150k dp didn't came from nothing 😉

@oops541

4 жыл бұрын

@@bighou2359 - Most Asians come to the U.S. with nothing. But they very work hard , save money for rainy day and be frugal. They don't go around buying stupid material things!

@Sarahtlopez

4 жыл бұрын

Was waiting to see if someone noticed he was very handsome

I make $65k a year and can’t afford to buy a house here

@jonbeck19

4 жыл бұрын

XO Bimmer he said his parents helped him buy a house

@ChristopherInTexas

4 жыл бұрын

www.nerdwallet.com/blog/mortgages/washington-dc-first-time-home-buyer-programs/ up to $80 k in down payment assistance and possibly lower interest loans.

@ChristopherInTexas

4 жыл бұрын

dhcd.dc.gov/sites/default/files/dc/sites/dhcd/publication/attachments/HPAP%20Home%20Buyer%20Assistance%20Table%20as%207.1.2019%20final.pdf According to this you could get 80-40K in down payment assistance Depending on your family size and household income.

@DankCornbread

4 жыл бұрын

Christopher Tx preciate the links!

@coreyjordan2745

4 жыл бұрын

He was lying. He parents helped him buy that. He can't even the food on that income. The math doesn't add up.

This is definitely one of the best I have seen.

Proud of this guy! My only comments: get a roomate, that will help with mortgage costs and put some extra money in your pocket. Also maybe get a fun second job on the side for extra spending money: tutor, write, etc. Also, funny how he bought Apt 4. It sounds like death in the language - its a superstitious culture. Lucky your parents supported you with the down payment. I wish my parents did that for me.

@user-td7xf3gz4l

4 жыл бұрын

Why didn't they?

@DouglasLee9

4 жыл бұрын

@@user-td7xf3gz4l no money. Also, limited thinking. But coming from 100 percent responsibility. My parents and the world do not owe me squat.

@ginnayyyy

4 жыл бұрын

Yeah that no4 apartment was surprising. Also surprised for him to find a place that doesn't seem to have high HoA costs that comes with living in DC (looking at mortgage)

This guy used to go to church with me, and we're family friends, although he is much much older than me. I can't believe he is on youtube!

Hey thanks for sharing this!

This video honestly needs to be shown at colleges and highschools. I appreciate you explaining that money is a tool, keeping a positive and optimistic attitude towards life and you're career aspirations and speaking in a way that you're additional efforts outside of normal working hours will pay dividends. Hope you're able to get that GS-9, 11, 12 and eventually a SES. Good luck man! I've been in your shoes before as a GS-07 even during sequestration and it hurt...but kept that same mentality as you and things have changed significantly for me.

Great profile of a wise & wonderful young man who is a proud civil servant! Definitely need more CNBC profiles like this featuring incomes closer to the $40K-$80K range to balance things out. Best wishes in your journey.

This is one of your most relatable income stories. Now try to get a person making 32k- which is around the average pay of an American.

The best CNBC Millennial Money episode by far.

Thank you. I loved watching your video and learning from you. You are such a great guy! 👍🏾

Great Channel, $45k a year is not enough in DC. I also live in Washington, Seattle and I do earn $12k weekly and I still feel it’s not enough, that’s why I always try to increase my investing power in other to generate as much income as possible.

@vegard5935

4 жыл бұрын

Wow! $12k weekly how do you earn so much ?

@kevinbrocklesby74

4 жыл бұрын

Vegard I do earn that off my stock investment. I invest in stock with the help of a financial executive expert. Mr Wilson McEntee. He handles all my investment on my behalf generating high profits.

@icospeaksinc3924

4 жыл бұрын

Kevin Brocklesby, How can I connect to Mr Wilson McEntee, I have been seeing few recommendations about him! I want to start investing myself.

@kevinbrocklesby74

4 жыл бұрын

Ok, ICO SPEAKS, you can communicate to Mr Wilson through his e-mail at📌 Wilsonmcentee@gmail•com

@livehealthyvlogs3840

4 жыл бұрын

I actually once met him at a conference meeting I went to few weeks ago. His speech and knowledge about the market will give you insights that he had great knowledge about the market.

He seems like such a down to earth guy.

By far the most relatable episode so far.

I have watched every make it I can get my hands on and this guys makes me smile. The city he lives in is so expensive and for this man to be so grounded just amazes me. Good luck to you Sir.

Wow i didn’t m kw people like him still exist. What a good soul

@henkkaa88

4 жыл бұрын

He is exactly like anyone from Scandinavia or Finland :D

The free food comment made me laugh because my cousin who lives in the DC area does the same thing. She goes to events to eat. Lol.

CNBC Make It, You Rock! 🔥Huge Fan of Your Channel 🔥Looking Forward to Watching Your Next Video

Hey! I worked for a Boston Chinatown nonprofit too! So glad to hear about your story. Best of luck in D.C.!

He is truly blessed but he has no student loans and is one of very few that can find a reasonably priced home in the city

Them voting against the cost of living adjustment is trash.

@ocimak

4 жыл бұрын

king_Jab27 the Congress members make $$$ other ways so they don’t care. So many are already millionaires or do so while on the hill

@user-td7xf3gz4l

4 жыл бұрын

Wrong.... i want lower taxes king...

great story, enjoying the Channel!

This man is so humble, involved with the community & uses his money wisely. Amazing!

Without his parents’ help, there is no way he could have lived like that with that salary in DC, where a 1B +1B costs $2000/a month or more

Real take away lesson: We should learn to be parents like Victor's. Instead of blowing all of our savings for leisure, we should use it to help our children buying a house.

Good job buddy. Keep up the good work

Definitely one of my favorite episodes so far. Inspired with the amount of money he makes and his lifestyle. Hope he has a great future within the government.

Next video, "Living on $150k A Year In Dallas Texas | Millennial Money " (;

@HEC892

3 жыл бұрын

Are u from Dallas?

Victor: 0:56 "I don't usually spend money unless it's an expense that I feel is necessary" Camera: Pans to the freezer with Snickers and drumsticks. Amen brotha...when you've got to treat yourself, you do it right. Impressive how you manage your expenses, hope many learn from you

We need more of this CNBC, more realistically than other episodes

This is so relatable. I can see great success in his future

600 per month on food is crazy. I’m spending about 160 CAD a month on food

@fromLAWRENCEKANSAS

4 жыл бұрын

Dc food prices are expensive

@JusticeDK

4 жыл бұрын

@Hugh 2:25 he said it himself that his parent help him bought his house, soooo???? Is he paying the mortgage or is it payoff?

@MEvans-tt1ri

4 жыл бұрын

@@fromLAWRENCEKANSAS yea if you dont cook! Food ain that expensive here in DC....I spend 200 a month on groceries and meal prep!

@kevintyson2937

4 жыл бұрын

@@MEvans-tt1ri exactly, I narrow my food bill down to 120 here in DC...

@HairTransplantNetwork

4 жыл бұрын

L C 160 a month!!! What do you eat beans and rice

Very intelligent and humble guy, I became a home owner at 24, 26 now. 100% recommend it if you can do it!

@watchmesave4912

4 жыл бұрын

I'm strongly considering this. Thanks

@blixx87

4 жыл бұрын

When ur parents have money it’s easy as getting a house when ur 18

@ElinWinblad

4 жыл бұрын

edit name I got my house a lil later (30) but I was earning 34k and bought a house.

@anlai1467

4 жыл бұрын

Most houses here are $700-800k on average in my province. Should I buy a $200,000 condo if my take home is $3100 monthly? I am a minimalist. I am trying to save up on a 20% downpayment atm. I don't drive or eat out much. I am also single... and prefer it that way.

@philipwong5066

4 жыл бұрын

@@blixx87 I doubt his parents have that much. Most Asian families usually help their kids get a house/ condo. If his parents had money his house would be at least a million.

I appreciate this man. Especially his reassuring energy

i like that he puts himself out there in his community

where tf did this guy buy a house in DC on 45k/year

@fnfn9199

4 жыл бұрын

Parents maybe?

@haox2659

4 жыл бұрын

if you actually watch and listen to the video, he mentioned that his parents helped him out.

@michaelrodriguez3376

4 жыл бұрын

$45,000 isn’t a lot of money to live in D.C..

@WendyInTheCity

4 жыл бұрын

@@rodrigomelo6691 his parents. DC also has programs for first time homebuyers its just a very lengthy process

@doomtomb3

4 жыл бұрын

His parents bro. Asian parents actually help their kids out unlike American “families”

Yes, finally someone with a realistic normal income.

Very Relatable. Great segment

Kudos !! This mindset will prove invaluable. Good on you, kid!

I learned he has a good head on his shoulders and a 150k down payments on his condo from his parents. If he had to save the kind of down payment on his salary he would buy a house when he’s about 55

I struggle with barely 24k a year. Shoot I don’t think I even make that anymore. Teachers are so under appreciated. Teachers who are actually about their work should be paid doubled than what we earn, because we play multiple roles for children’s development every day. Also, we play essentially replicate the duties of other professions such as being a counselor, nurse, parent, mentor, etc for children. I’m also a young student seeking for my bachelors and and eventually masters... hopefully my JD, too. . . stressful. Kudos to you my man Victor! 👏♥️

Very insightful!

Thank you for posting this interview. Great to see this man talk about being Asian American and having a career in politics. :) And his work suit is nicely tailored and a pretty color burgundy purple.

Monthly income is $3140 and his housing is 1600/month (0:50). housing is more than 50% of his income.... he's living well beyond his means

@kbthegoat824

3 жыл бұрын

He doesn't pay anything for transportation.

Respect to this man. He doesn't let money define or control him. He has what he needs to get by and seems very hard-working.

Best one yet!

This guy is so humble and nice

Very Scandinavian the way he thinks about money. Usa needs politicians like him to raise the living standards of the middle and lower class.

The country just doesn’t want to give back to civil servants.

Finally! Some one more relatable. Thank you for this video.

Such a humble dude, you have a beautiful family! All the best Victor!

I like this one CNBC! very relatable to those of us in public service and not driven by money!

The amount he saves on a 45k salary is absolutely amazing. This guy has no nonsense spending. Just simple expenditures. More people need to be like him.

This one is the best yet.

Good financial progressing steps, good views on the value of money, good use of federal benefit options.

One problem. Parent's helped buy his house. Really adds to that $45k..

@shantricejones5830

4 жыл бұрын

They helped with down payment, he still has a mortgage. He probably barely getting by

He’s lucky to be making 45 after a few years, usually they start legislative aids out at 30. The numbers don’t totally add up because his parents definitely help him out, probably with more than just the house, but that’s often the case with these jobs, which people often get because their wealthy families have an ‘in’ with a politician. Not hating, it’s great that his parents can help him out. But sadly that’s the way it is for many of these staffers

He has great money philosophies. Really liked this video!!

I live in Washington D.C. and it brings me so much joy that he's able to own a home on a modest salary. This city has become incredibly unaffordable for anyone with an average income.

no way he could have afforded that house on a 45k salary, let alone a down payment in DC. He is very lucky to have family gave him the $140k as down payment. Good for him for saving for retirement.

Dude his parents helped him buy his place....cmon now this still isn’t real for most ppl

@sarahjuma7563

4 жыл бұрын

Jay White it’s actually quite common with Asian/south/middle eastern house holds

@cobramanphil

4 жыл бұрын

@@sarahjuma7563 Yes. It is common, but I think what Jay was pointing out is that with a $45K a year salary home ownership in the Washington DC area is nearly impossible. Here is a pull of data for 2019 in the WDC area: The median price for a detached single-family home grew 10.9 percent, to $809,500, while that for a townhouse grew 11.9 percent, to $752,300. The median price for a condo or co-op unit also rose 0.6 percent, to $483,000. Salary needed to buy a median home is about $95K with 20 percent down or $109K with 10 percent down. The math just doesn't even out if you are at $45k gross.

@8000860

4 жыл бұрын

@@cobramanphil Oh, boy... Let me explain what is impossible. A flat in my area in Lviv (the city in Western Ukraine) costs $50000 for a one room apartment (kitchen, one room, WC and bathroom). And an average salary here is $250/mon. Your description above sounds just like a dream for a Ukrainian, like me 🙄

@onfeetnation

4 жыл бұрын

@@cobramanphil I was thinking the same. I live in the DC area and pretty much impossible to find a house at that price. Also when you get a chance, download my app @stowaway app. It's a peer to peer shipping platform and is available on android and ios and would appreciate any feedback

@cobramanphil

4 жыл бұрын

@@8000860 For my direct area median price for a home is $2,628,200 even though it has declined 10.9% in the last year. You can validate through the various online and standard calculator/mortgage apps, but a household income of approximately $400k would be needed assuming a 20% down (pretty much impossible to own a home unless you are making close to half a million a year). What I have observed though and it seems the norm is that there are a few that do make that kind of salary, but many use the resources earned from home sales (1 or 2 homes) to pay outright the single home worth $2.6 million. There are many ways to skin a cat as the term goes, but you cannot buy a home outright in the neighborhood unless you have a couple of homes owned already:). There are not many studios/apartments/flats in the city, but the few existing are in upwards of $550k..

It's expensive here and alot of us transplants definitely live here for the job market and great salaries! I commend him for being able to live comfortably on $45k. It's not easy. I think it's phenomenal that his parents helped him buy a home in DC. Most of our overheard goes towards our rent or mortgage. Very smart of him to buy if he plans on staying in this area.

I really enjoyed this episode mostly because of his outlook in life.