Living On $80K A Year In Washington, D.C. | Millennial Money

preview_player
Показать описание
Angel Thompson, 28 lives in Washington, D.C. and earns $80,000 a year as a project manager of cultural resources at the National Park Foundation. She helps lead the foundation’s efforts to digitally preserve and share African American history, culture and community stories through America’s national parks.

This is the latest installment of Millennial Money, which profiles people across the U.S. and details how they earn and spend their money.

Thompson earns $80,000 a year as a project manager of cultural resources at the National Park Foundation.The position combines Thompson’s passion for African American history and culture with her interest in improving the visitor experience at museums. Plus, she gets to travel all over the country to visit the sites of the projects she works on, including the Martin Luther King, Jr. National Historical Park in Atlanta and the Harriet Tubman National Historical Park in Auburn, New York.

his is still a relatively new gig for Thompson: She was unemployed for six months after losing her previous job during the federal government shutdown earlier this year.

But her new role came with a big salary bump. “Prior to being at the National Park Foundation, I was earning $45,000 a year working for the federal government,” she says.

Thompson purchased her house in 2017 with the help of D.C.’s Home Purchase Assistance Program (HPAP), which helps residents with low-to-moderate incomes afford homes in the city. Thompson was making $45,000 at the time, which qualified her for the program.

She received a $64,000 loan from HPAP, and if she lives in the home for at least 15 years, she doesn’t have to pay the money back, she says.

That’s just fine with Thompson — she never wants to leave D.C. “I’m a native Washingtonian,” she says. “I don’t see myself living anywhere else.”

About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.

Connect with CNBC Make It. Online

#CNBC
#CNBCMakeIt
#MillennialMoney

Living On $80K A Year In Washington, DC | Millennial Money
Рекомендации по теме
Комментарии
Автор

This lady is very smart.


1) Got into housing program to solidify home ownership at a low cost; which keeps her costs stable.
2) She joined a program to pay off her student loans in 10 years in her desired field of study.
3) A devoted saver.
4) Works out at the gym to stay as healthy as possible. Lowering her healthcare costs long term.
5) Has a stable relationship to help lower some expenses and for companionship.


This is an excellent blue print for millennial success. They should do a follow-up story in 7 years.

akin
Автор

Ok this just gave me so much hope. Being a DMV native I know how hard and how expensive owning a home in DC is and she did it at 28 go ahead sis!!

fabriannnaa
Автор

Man, y’all don’t know how big this is! She is a NATIVE WASHINGTONIAN. So inspired! Praying for your continued blessings, sis. 🙏🏽

Wouldntuwannaknow
Автор

I'd say overall she's doing very well for herself. Owning your home can really put you ahead financially if you stick around and build equity. Go head girl!!!

kdilli
Автор

She is extremely mature for 28, already owns her own home and hosts events with friends to cut the costs of going out. Mad respect for her! Favorite episode so far!

toni
Автор

Good for her, she's got a job she loves and a nice salary. Also, the house she purchased was a very good deal, great job Angel!

financefaucet
Автор

Now that’s a smart black woman ! I love to see my ppl doing good !

erynd.
Автор

That's scary being unemployed and owning a house. Glad to see she found a job before things got bad.

desultorilypanacea
Автор

She is absolutely set with that house in Shaw..

runtodaddy
Автор

Holy crap that homebuying program is great

devchatterjee
Автор

omg, the day I've been hoping for has come. CNBC FINALLY posts their first millenial money video....with a black person. WTF took so long?

Ndasuunye
Автор

She has the job, Degree and salary I've always wanted. I'm here for her!!!

Nomii.era
Автор

Love seeing women winning especially black women 👍🏽. Why does she need 2 gym membership?

relaxwithnature
Автор

I love everything about her. Her home, her salary and the fact that she hosts at her home - that's community right there!

choogaeva
Автор

I’m a native Washingtonian as well..and this is so inspirational to see. I’m currently going through the HPAP program and to me, if you are currently reside in DC and plan to stay a for a while or even if you want to move later on. Using this program to buy is the best thing to do.

Locdpisces
Автор

Living on $80K a year in New York as a single mother can be tough, but working with a financial advisor can make all the difference. A trusted advisor can help you make the most of your income, create a solid budget, and develop a long-term plan for savings and investments. They can guide you through smart financial choices, ensuring you're on track to secure your future while managing the present. A little expert help can go a long way when balancing family life and finances.

trace-
Автор

I don’t know her but I’m proud of her. Keep rising to the top.

catali
Автор

D.C. gave her 64, 000.00 that has no interest and she won't have to pay back if she lives there for 15 years. Plus, her home is worth 750, 000.00 and she had a mortgage rough 165, 000.00. She is winning on the real estate side.
She needs to make sure that public forgiveness is concrete. I was told by Navient that all I needed to do was pay the ten year worth of payments and I was good. I deferred my to get my master's to save money and I thought because I was on the forgiveness plan that interest incurred wouldn't really matter because i would make all of my payments. I was at 59/120 months before going back to school. After, I finished my master's degree I contacted Navient to make sure everything was good with the forgiveness plan program that i though I was in because I work for the State. I had to submit some paperwork and a few weeks later received a letter indicated that my requested had been denied because I didn't have the right loan. So paid almost all of my loan off after that because basically I incurred interest and that loan amount increased a couple grand from me doing deferment. I will have them off my books by May 2020.

Jrrucker
Автор

That housing purchase in DC was a stroke of genius. That decision alone coupled with reasonable financial decisions should catapult her to everyday millionaire status in less than 10 years. Well done.

robertdais
Автор

She was such a kind employee at NMAAHC. Glad to see her winning!

sonyacharie
welcome to shbcf.ru