Living On $58K A Year In Dallas | Millennial Money

17-Dek, 2020
316 438 Ko‘rishlar soni

Lani Huang, 25, earns $58,400 as a public middle school math teacher in Dallas, Texas. She made an additional $1,212 from teaching virtual summer school and making instructional math videos for her school district. She recently bought a home for $155,000.
This is the latest installment of CNBC Make It's Millennial Money, which profiles people around the world and details how they earn, spend and save their money.
Read more about about Lani's budget breakdown here:
Lani Huang has never had a “normal” year as a teacher.
She began her career in 2017 teaching in Tulsa, Oklahoma, and took part in the 2018 teacher walkouts at the end of her first year. In the fall of 2019, she relocated to a new school in Dallas and ended the term in the spring of 2020 like millions of other teachers and students around the world - interacting with her class virtually as her school district shut down because of the coronavirus pandemic.
Now, the 25-year-old is back in the classroom teaching middle school math to students spaced six feet apart, shielded by face masks with Plexiglas separating their desks, while also instructing a group of students who remain at home through Zoom.
This year, Huang will earn $58,400 as a public middle school math teacher. She made an additional $1,212 from teaching virtual summer school and making instructional math videos for her school district to air on the local PBS channel. She also received a $250 stipend for serving as a mentor to two new teachers on her team and $128 for covering a class for a colleague in December.
Despite the many challenges over the past few years, Huang has achieved some major milestones: She paid off her student loans, moved to a new state, bought her first house and moved in with her boyfriend.
Huang felt it was important to share her journey to financial independence as a second-generation American raised by a single mother. She hopes to encourage young people from similar backgrounds that they can achieve similar goals.
Here’s how Huang manages her money.
Money lessons from childhood
Huang’s mom, Jan, is one of 10 kids and the only one to leave Thailand for the U.S. She arrived in Chicago when she was 25 with a plan to work and go to college. She gave birth to her only daughter when she was in her 40s.
Huang says her mom - who worked long hours for the Chicago Public School district and as a nursing assistant and stretched the household budget on a single income in an expensive city - is the biggest influence in how she perceives money today.
First and foremost, Huang learned from her the importance of saving from an early age, and she now tries to stash away $1,000 per month. She learned that material possessions lose value and prefers to spend on experiences, like travel and concerts, over things.
Perhaps most importantly, Huang’s mom taught her to not rely on anyone else while working toward her goals. “My mom always told me to not wait for a man to get what I wanted or what I needed,” she says. “I think that’s what made me work so hard. If I want something, I know that I have to find a way to do it.”
Paying off debt and becoming a homeowner
Huang studied psychology and Mandarin Chinese at her mom’s alma mater, DePaul University, while working food-service and hospitality jobs. She graduated with about $16,000 in student debt.
During her senior year, she was recruited by Teach for America to become a certified educator and teach at a school that serves low-income students in Tulsa. She taught there for two years and used her demanding schedule, low cost of living and limited social activities to her advantage to save as much money as possible - usually a few hundred dollars each month.
Through its partnership with AmeriCorp, Teach for America covered roughly $12,000 of Huang’s student loans in exchange for her teaching service. And on August 2, 2019 - the day before her 24th birthday - Huang paid off the remaining $4,000 principal in one lump sum as a gift to herself.
Once she was debt-free, she set her sights on another goal on her list: buying a home.
After growing up in rented apartments, “it’s always been a dream of mine to own my own home,” Huang says.
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Living On $58K A Year In Dallas | Millennial Money

  • What's your budget breakdown? We're looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money:

    CNBC Make ItCNBC Make It2 oy oldin
    • عبد الحكيم الدببي من سؤريا مقيم حارم محافظطة ادلب حارم +٩٩٤٤٠٤٥٦١٣١٧ابو احمد طلال

      مركز حلب مطفا اغاه الله يصلحك ويسمحكمركز حلب مطفا اغاه الله يصلحك ويسمحك16 kun oldin
    • Hi I'm tson

      Tyson MitchellTyson Mitchell18 kun oldin
    • @Conner Broeker Not only that, but 4 months of vacation per year (if you include winter and spring!) rather than 2 weeks of vacation like everyone else!

      Scholarly AnalystScholarly AnalystOy oldin
    • @Conner Broeker okkk! WTH?? She need a reality check

      AtlienAtlien2 oy oldin
    • She's complaining about making 58k as a teacher?!??!? Right across the border in Oklahoma teaches make 40k

      Conner BroekerConner Broeker2 oy oldin
  • I’m 25 and have stable income...willing to move to Dallas and defiantly help you with house bills. Man that guy is taking things for granted, I would of really cherish her. If you are ever single again I would like to have a shot. My insta @KelvinNi1995

    Kelvin LeeKelvin LeeKun oldin
  • This is amazing for her salary and cost of living. The fact that she owns real estate sets her up well! This is great!

    ConcertJunkie27ConcertJunkie27Kun oldin
  • did she remove all her wisdom teeth cause one should cost about $300.

    Tenzin SangmoTenzin Sangmo2 kun oldin
  • You’re dating a bum

    brownwalrus100brownwalrus1002 kun oldin
  • What a Loser BF. She could do so much better.

    De KDe K3 kun oldin
  • The careful mercury utrastructurally camp because fang uniquely jam plus a misty soy. absorbed, bloody softdrink

    Laura KoesterLaura Koester3 kun oldin
  • His belly

    KaitlynKaitlyn3 kun oldin
  • The healthy dinghy proximately ignore because test presumably dry amidst a obeisant jelly. willing, standing john

    Abby AlderAbby Alder3 kun oldin
  • The scattered fahrenheit aesthetically borrow because farm microregionally excite outside a truculent israel. cautious, pumped surprise

    Tabitha BaileyTabitha Bailey4 kun oldin
  • skilled labor should be paid more than any college degree career. It seems every thing is re- balancing. a plumber should make more than any teacher or doctor. i have a GED and make $100k as an aircraft mechanic, the way it should be.

    Fuk Ni88ersFuk Ni88ers5 kun oldin
  • I’m essential i been working all year baby wya lol

    Tray SmithTray Smith9 kun oldin
  • The teacher to a student: Conjugate the verb “to walk” in simple present. The student: I walk. You walk …. The teacher interrupts him: Quicker please.The student: I run. You run …

    Kamil Lekcje Easy EnglishKamil Lekcje Easy English9 kun oldin
  • I’ll easily pay half , that boy tripping!!

    kicks withteekicks withtee10 kun oldin
  • Andrew's parents while watching this video:

    TomTom12 kun oldin
  • Smart move, she increased her income and lower her expenses. Definitely needs a better partner to help out. She also needs to focus on investing, having a house is a big liability

    Simple FinancialSimple Financial13 kun oldin
  • The quiet interactive basally trust because tenor timely invent after a next cupcake. accurate, homeless dinosaur

    chris ghostchris ghost13 kun oldin
  • what's bf doing now??

    Diarmuid HayesDiarmuid Hayes16 kun oldin
  • Baby come

    Tyson MitchellTyson Mitchell18 kun oldin
  • I like u

    Tyson MitchellTyson Mitchell18 kun oldin
  • y’all pay $1,850 for removing your wisdom tooth? here in mumbai i just paid $69 (₹5,000) to a specialist for that lmao.

    shubhshubh18 kun oldin
  • The thin carriage quickly contain because clerk scilly irritate toward a ten bathtub. plant, deserted black

    Juan HernandezJuan Hernandez18 kun oldin
  • RIP Andrew

    Isaac Daniel ReynaIsaac Daniel Reyna20 kun oldin
  • So her boyfriend is a hobosexual (person who gets in or maintains a relationship just to have shelter/live cheap). She needs to dump him

    Alexandra4realAlexandra4real22 kun oldin
  • I make 75k and I live at home rent free but she doing much better lmaoo

    e re r23 kun oldin
  • Before tax

    e re r23 kun oldin
  • Gotta love the shade thrown in the video... but yeah, I mean, guy should be ashamed of himself. Can't put in more than $450 a month? What a loser... working at MCDs would give you more to contribute than that.

    Jeremy AertsJeremy Aerts25 kun oldin
  • A more accurate title is "Living on $58K A Year in Dallas as an Indoctrination Peddler."

    Austen StokesAusten Stokes26 kun oldin
    • @Austen Stokes Are Q?

      BigBlackBootyDaddyBigBlackBootyDaddy12 kun oldin
    • @BigBlackBootyDaddy Are you having a stroke?

      Austen StokesAusten Stokes12 kun oldin
    • @Austen Stokes Why dont Q-you tell me?

      BigBlackBootyDaddyBigBlackBootyDaddy12 kun oldin
    • @BigBlackBootyDaddy What's a kraken?

      Austen StokesAusten Stokes12 kun oldin
    • Hush Quack Where's the kraken?

      BigBlackBootyDaddyBigBlackBootyDaddy12 kun oldin
  • Tech people are moving to Texas.

    Love LearningLove LearningOy oldin
  • GURL. Drop Andrew.

    Yanski McTallYanski McTallOy oldin
  • Sum ting wong wif te boyfriend.

    Carl KpspluckyCarl KpspluckyOy oldin
    • yeah he maybe a mooch. but she can't expect him to pay half the living expenses when she owns the house.

      Phantom WarriorPhantom WarriorOy oldin
  • I get that maybe her options were limited in Tulsa, but there are options in Dallas. There are guys with jobs in Dallas; you can do better than Andrew. 😬

    coconut gelatococonut gelatoOy oldin
  • Y’all roasting the boyfriend at least he rubs her hair. 😂

    Charming GoddessCharming GoddessOy oldin
  • Andrew is NOT bothered NOR embarrassed. Andrew is living the good life. 😂

    Heavy on the ChaiHeavy on the ChaiOy oldin
  • I live and dallas and the houses I've seen for 155k for all run down.

    Jose Luis BarajasJose Luis BarajasOy oldin
  • My question is where in Dallas did she find a 3 bed 2.5 bathroom house for 155K??? I live here and that isn’t in Dallas

    H PH POy oldin
  • Ups and downs in life. You're doing great. It's unfortunate your bf was unemployed but it happens. Great positive outlook living the life of many Americans. Keep progressing. Cheers

    tommyjjtommyjjOy oldin
    • Exactly, life is a rollercoaster ride. Thanks for understanding and for being supportive. I feel very fortunate to have been employed during 2020 but I understand that the roles can easily get reversed and I’ll have to adapt to my situation then. 2020 definitely made things clearer and I’m happy to say that Andrew & I came out stronger. Wishing you all the best!

      Learning with LaniLearning with Lani13 kun oldin
  • Her monthly budget is $5,018? She would need to be making over $60,000 take home per year, not $58,000 gross.

    Seethi CSeethi COy oldin
  • Andrew needs to go. Sheesh

    Sergio FloresSergio FloresOy oldin
  • WTF are houses in dallas that cheap?

    Qi WQi WOy oldin
  • 155k? And she put 10k down???? *Cries in Los Angeles*

    Clare HigginsClare HigginsOy oldin
    • she must have bought it years ago. the real estate market is only going up.

      Phantom WarriorPhantom WarriorOy oldin
  • is this 58k net or gross?

    seppyseppyOy oldin
  • This is a grand way of breaking up. Television, Budget, School, Insurance and alll!! I don't even know how to describe this video...huh?!

    Avea IlliumAvea IlliumOy oldin
  • I’m an full time assistant teacher with a $16000 a year salary in Fort Worth Tx. 3 kids , go figure!

    Cocinando en spanglishCocinando en spanglishOy oldin
  • TMI but congratulations

    Sharon ElaineSharon ElaineOy oldin
  • I don’t think her take home money from a $58k grand is $5k. Taxes are definitely going to cut her monthly salary. She’s probably getting roughly $3500 - $3700 depending on how much she’s contributing to her HSA And 401K

    Lutong MybahayLutong MybahayOy oldin
  • Where did she buy her home? That’s really cheap and it makes me wonder if the area is bad.

    The Popular BrunnetteThe Popular BrunnetteOy oldin
  • Living in Dallas with low income 25-30k 😔 Wish you all the bests with your boyfriend 😀

    SaifullahSaifullahOy oldin
  • I 💜 her saving habits! I feel bad for Andrew😩

    Nurse Neke’s Coconut CakesNurse Neke’s Coconut CakesOy oldin
  • These women get boyfriends and they look like a joke every time

    Johnnye BrownJohnnye BrownOy oldin
  • If you have to call somebody out like that, then you don't need to be in a relationship with them.

    sassyasme 123sassyasme 123Oy oldin
  • Made 32k in Oklahoma so she moved to Texas. She gained a good 10 to 15k in salary. But the title says she makes 58k per year. Something isn’t adding up, and I’m not the math teacher in this equation.

    The DudeThe DudeOy oldin
  • She's a cute girl. What she sees in that lazy man i dont get it. A real man is supposed to be a provider not scared to go outside because he might catch a germ.

    bluebird5100bluebird5100Oy oldin
  • Andrew is reading the comments crying lol maybe he’ll pitch in more now

    Bailey GallowayBailey GallowayOy oldin
  • I hate math

    Live LifeLive LifeOy oldin
  • Her boyfriend is a pathetic loser. He wouldn't be living in my house and not paying a dime... he seem like a bum, pre pandemic and they're not married so why does he need to live there, he should get his own place.

    Multi SassyMulti SassyOy oldin
  • The boyfriend had to listened to the Black Phillip show on repeat for 4 years to pull this off.

    SuzukiswiftlovaSuzukiswiftlovaOy oldin
  • Which area in Dallas can I buy a house for $155k?

    Aldo PerezAldo PerezOy oldin
  • I lived in Dallas and bought a house in Fort Worth and the money budget for my husband and I is $150 for the month on food. How is she spending 400 to 500 on food?!? We do one date night once a month where we try not to go over 60 at a nice restaurant and do 5 dollar Tuesday movies or 1 dollar if your still in Dallas. She's not budgeting right or being frugal enough on food. She can save so much more.

    Kitty BeeKitty BeeOy oldin
  • This story is garbage, along with loser boyfriend. I live on $34k in Dallas, still paying my loans off. GTFO.

    An AnalystAn AnalystOy oldin
  • Why is her 155k house included as an asset? She didn’t pay it off yet...

    SophiaSophiaOy oldin
  • I'm really curious to know what area of Dallas she lives in to pay that for a house. I need a house and this is my rent price!

    Denzell NewsomDenzell NewsomOy oldin
  • "What do you have to offer in this relationship?" nothing but loooovvveeeeee

    Jordan WrightJordan WrightOy oldin
  • Thank you CNBC for giving me an opportunity and platform to speak on how I manage my finances. 💰 It’s easy to form judgements from a short video, so I am thankful for the support that viewers have shown in understanding my situation, especially given how distastefully I spoke about my financial frustrations. 2020 was crazy for everyone on top of life having ups and downs. 🎢 We’re both very fortunate to be employed, healthy, and happy. 🙌🏼🙏🏻 Hope everyone’s 2021 is off to a positive start! 💫

    Learning with LaniLearning with LaniOy oldin
  • Her house isn't an asset until it is paid off

    Selena SepulvedaSelena SepulvedaOy oldin
  • I don’t know the cost of living there, but that’s good in New Mexico

    Cameron SalasCameron SalasOy oldin
  • Did I miss something? How do you have a monthly budget of 5k at 58k a year? No taxes? And 58k/12 is 4.8k gross income.. .

    M DubM DubOy oldin
  • 3:30 he’s hiding his face in shame. Yikes 😳

    Ryan RigsbyRyan RigsbyOy oldin
  • Lmao why is wisdom teeth removal included in her MONTHLY budget? Does she get them removed every month?

    M_ RodM_ RodOy oldin
  • First of all: his only footprint is in the utilities and food. I doubt that number is more than $450. She bought her house by herself so if we’re getting technical she would have to pay that bill with or without him. Secondly, why would you speak in that manner about someone whose supposed to be your partner in an interview. Girl you knew UZworld was gon tear his ass up. The way you use your words matter. Charging him rent is not the same and him contributing to the household yall both live in. You don’t think he’s an equal partner by the way you speak of him anyway, so girl just let that 🥭

    Deanna D. FranklinDeanna D. FranklinOy oldin
  • This video took a big turn 😂 I thought I was watching housing in Dallas not TLC

    Smol CanSmol CanOy oldin
  • Why would he move there to be with you and not have any income? ..and why would she mention it..

    Nunyo BiznassNunyo BiznassOy oldin
  • I have deep respect for her. She worked extremely hard and achieved all this in her on. Strong woman!

    AJ LAJ LOy oldin
  • There is a pandemic and he moved newly here..I get the frustration but what if the roles were reversed I would want my bf to take care of me until I can get on my feet

    Galena AnyanwuGalena AnyanwuOy oldin
  • Lack of being able to evolve and adapt to the environment

    Micheal HyattMicheal HyattOy oldin
  • Charge him rent and utilities!!!!!!!!!!!

    TVTVOy oldin
  • Ugh!!!!! A woman's GREATEST MISTAKE!! letting a DUSTY MAN move in and then ENABLING HIM because he wasn't working? RED ALERT RED ALERT RED ALERT!!!!

    bulcubbulcubOy oldin
  • Her property taxes must be BRUTAL!!! Texas property taxes make California property taxes look like disneyland lol

    bulcubbulcubOy oldin
  • Man her boyfriends looks basic lol. I can just imagine the “excitement” they have with each other 😴

    Arthur MasonArthur MasonOy oldin
  • Everybody should understand that publicly shaming the boyfriend was strategic. She obviously knows what she's doing.

    InceptaconInceptaconOy oldin
  • BAYDUH MALE!!!!!!

    Nissan NateNissan NateOy oldin
  • I think it should be 50/50. This allows both to have some walk around money and not stress about having to take care of everything. I think this part of the video should have been left out. I think some things should be private. I think 50/50 should be done in %'s and not $ amount. It allows the bill sharing to be a bit more fair and more realistic. Its how all 50/50 should be done. Any sensible person would understand this. I hope they figure it out one way or another.

    DeathDealerHypeDeathDealerHypeOy oldin
  • They remind me of sssniperwolf and her bumass boyfriend

    noush Snoush SOy oldin
  • Y'all who live here in America, who has something to say about crypto currency?😩

    Isla VivianIsla VivianOy oldin
    • Y'all trade with Jessica too? I got my coins yesterday!! I earned $15,000

      Frankie WillFrankie WillOy oldin
    • I was told about Jessica's tradin service in my company and I'm seeing people talk about her here too. She must be a professional broker.

      Anthony JackAnthony JackOy oldin
    • Who's this Jessica? Why's everyone talking about her?

      Brixton AadenBrixton AadenOy oldin
    • @Cora Clara I met Jessica sometime here in CA, that was my best encounter ever! I earned $13,000 in 14 days. I'm not surprised, she has made a good name for herself already.

      David WilliamsDavid WilliamsOy oldin
    • @Micheal Wesson I've heard of this woman before. I'm yet to start tradin with her though but I'm going to start soonest.

      Cora ClaraCora ClaraOy oldin
  • Meanwhile in California..."I make 200K a year and this is how i spend it. I like to spoil myself at times and buy from the dollar store twice a month."

    David EguizabalDavid EguizabalOy oldin
  • That's the standard teaching salary in Dallas. Don't ask how I know. Also, read to your kids, thanks.

    Ash HasAsh HasOy oldin
  • More love to teachers! Lani seems to be doing well for herself with no debt and building her savings. Boyfriend has to go though, he’s just taking up space.

    S MS MOy oldin
  • I live in Dallas and I would like to know where one finds a $155,000.00 home.

    xwarped83xwarped83Oy oldin
  • She seems like a wholesome kind of girl.

    sutatssutatsOy oldin
  • Home loan's interest rate in Cambodia is 12% annually. They're sucking blood out of us. Most people like me can only afford to buy condo units, or a flat in the suburb far from the city. With low wage, some can never own a house at all. I'm paying off almost $30K in an interest free period so I can lower the monthly payment later on, lucky I've been saving since high school. Covid has taken a big toll on me with the pay cut and job insecurity. Life is hard

    kyle009 00kyle009 00Oy oldin
  • She needs to live on her own, she can't and shouldn't support a grown adult.

    Chinny BChinny BOy oldin
  • I don’t support this because it’s people like her that make these companies think this low salary is acceptable for living! It isn’t! If she happy then thumbs up but it’s a no for me

    Your MajestyYour MajestyOy oldin
  • He should be paying more. She better be careful.

    Miss desire IndependanceMiss desire IndependanceOy oldin
  • Just came to see this poor guy get roasted in the comments :)

    David RobertsDavid RobertsOy oldin
  • Do the math and subtract your man lol

    Ali QAli QOy oldin
  • I knew Lani from college! She's always been super honest and friendly, and I'm not at all surprised by her success. Also, I don't think she meant to be "roasting" her boyfriend, she was just being up front about the financial situation. Surprised how everyone is so quick to judge about her relationship after only seeing an EDITED interview clip...

    Elitsa MoskovaElitsa MoskovaOy oldin
    • Hey Ellie, long time no talk. Hope you’re doing well 🤗 Yes exactly, 8 hours of video edited into 8 minutes. Thank you for understanding and for speaking up for me! 🗣 That is all so sweet of you to say!

      Learning with LaniLearning with Lani13 kun oldin
  • So he’s paying $450 a month and her bills are roughly $2500 a month....she’s playing herself! Andrew is getting a free ride

    Taler BK JeffersonTaler BK JeffersonOy oldin
  • well congrats to her. I came here from a video where the lady makes 80,000 a yr with only 1000 dollars in savings.

    EddieEddieOy oldin
  • feel complacent' its 2021 lady its our right 2 be complacent while u bring home the bacon. men having been dieing dwn mine shafts falling off buildings for generations

    mark reynoldsmark reynoldsOy oldin
  • Her bf is a bum lmao

    E RE ROy oldin