How Do We Recover After Bankruptcy?

How Do We Recover After Bankruptcy?
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[@suzannaelsner1858]

I proud of this young gentleman. He's reaching out for advice while working to keep his family together. Congratulations to him!

[@mmp495]

He's being honorable. ❤

[@benreilly595]

Dave: what do you make a year? Him: another kid...

[@inabina2925]

Ben Reilly 😂

[@FlyingMalamute]

God bless these young couples raising kids. Those kids at least have a dad and mom under the same roof. May God bless their efforts to take care of their family.

[@hondah35]

Finally a comment providing light instead of heat

[@user-eu2me4bp7j]

LOL

[@angelinap9997]

Also, has no one considered that they may have had a set of twins? While I agree that future precautions need to be taken, the children are already here!

[@mikeekim007007]

Except that they are broke and she'll eventually leave him for a dude that makes much more money.

[@AaronHernandez-xv4qh]

A cat is fine too... lol you must have got cheated on and hate all women huh

[@SteelRhinoXpress]

45k a year is decent money in a state like ks where the cost of living is moderately low especially in the rural areas. the problem is he's trying to support 3 kids and a wife on that salary. I don't care what state you live in, trying to support you and 3 other people on that salary just simple isn't going to be enough.

[@AaronHernandez-xv4qh]

SteelCity1981 yes! That is for sure, and they are all young so daycare is expensive. She has to work

[@RPisa2416]

Dave thinking EMT’s make 50-60k annually is incredibly hopeful and generous. Maybe someday the narrative and legislation will change where our essential workers are compensated fairly.

[@blaisetelfer8499]

I just looked it up for Kansas, and the median is $35K. Even in CA they're not making 60

[@brendondowdy5651]

@@blaisetelfer8499 Dave is a firm believer in overtime. I support him on that

[@jackjack4412]

OT shifts are very easy as an EMT. They can make 50-60K in almost any state without too much effort, just a good amount of hours.

[@myytchannel6632]

He should file Chapter 7, not Chapter 13. He qualifies for CH7! Raising 3 kids on $45k a year is very tough. Congrats.

[@JakeThornhill]

If you fail to plan you're planning to fail. Love Dave's constant emphasis on a plan!

[@XFizzlepop-Berrytwist]

In preparing for battle I have always found that plans are useless, but planning is indispensable. Dwight D. Eisenhower

[@paranormalwonder544]

The wife needs to go to work.

[@Zoot_of_Anthrax]

3 kids under school age would cost more in daycare than this guy makes. But i agree, someone needs to work nights - either wife or husband.

[@michaelseangarrison2867]

@@Zoot_of_Anthrax She is at home, with kids...she could watch more kids for quite a bit of weekly income. In most states, you can watch up to 4 or 5 kids before you have to be licensed...that could be 300 or more per week extra

[@Zoot_of_Anthrax]

@@michaelseangarrison2867 most states its a TOTAL of X kids. My mom was licensed at one point and it was 2 kids under 2 max, and a total of 6 including kids in the home. For my mother with 2 older kids (myself and sister) and a baby under 2 (brother) that meant 3 additional kids and only one under 2. If you are licensed there are all sorts of rules and the money seems great to someone like me who 14yrs ago was paying 1300/mth but honestly between food and such its not a ton. However its an option - and still counts as work

[@fatfullday]

She has her hands full. He needs a better paying job.

[@daniellecoffey4039]

She needs to go to school while at home with the kids so she can help in the long run. Another $20k or $40k paying job won’t help.

[@NS-pf2zc]

Dave brings a level of compassion and reality that is truly refreshing.

[@GenExDividendInvestor]

No more kids, plan/budget better collaboratively. Good news is it sounds like he is waking up.

[@Dr.C_Stag]

Dave, you are very wrong about EMT’s. “The average EMT salary in the United States is $36,270 as of October 30, 2019, but the range typically falls between $32,740 and $40,610.”

[@cheezybred]

C C criminally underpaid in my opinion.

[@Dr.C_Stag]

mark safronsky As a former EMT, I very much agree with you. 😂

[@andddrewsays]

As a paramedic making 55k I completely agree with you. EMTs where I’m at make $10-12 hourly

[@Medicholmes]

You’re right. I’m a paramedic and will make only at $40,000/year starting out

[@Imafed42069]

Exactly why I got out of EMS. I was making $13 an hour and working 12 hour days. I changed to a sales job and started making 3 times as much with half the amount of hours and a fraction of the stress and liability... it's not worth it to me

[@zeezy17]

Yikes, I feel so bad for this family. I know that’s stressful. Y’all are doing a great job, this economy really sucks. I hope and pray you all can live comfortably and raise your beautiful children (that’s the real goal) ❤

[@bunacat1]

Sometimes EMT is a stepping stone to get into the fire department. Here in the Bay Area and surrounding areas it is very hard to get into the fire department, most become EMT's first. Even if it pays a bit less initially, it might be what he needs to do to reach his goal. Good luck to this young family!

[@jackjack4412]

In my area it takes 2-5 years on average to get with the fire dept. That's EMT and volunteer experience.

[@robertbell525]

Back when I was younger I was taking programming classes at night. Until I came to realize I'd be taking a pay cut to work as a programmer. I had to stop, it was a waste of time. Make sure what you aspire to makes sense financially.

[@tpespos]

Pay cut from what?

[@greenAbbot]

This guy’s life so far is summed up by the fact that he’s considering going to EMT school without knowing what it’s going to pay. He needs to start thinking about all his decisions in terms of how they’re going to affect his family’s life five or ten years down the line. Right now it just seems like he’s doing everything on instinct.

[@limits16]

greenAbbot he needs emt for fire fighting i think that’s why he’s doing it.

[@lesliek7776]

Seems to be doing okay for 25 yo.

[@elmateo77]

@@lesliek7776 meh his main mistake was having 3 kids by age 25. He seems like the type of guy who doesn't do any research or planning before doing something.

[@sinx2200]

Dave missed the point of him needing emt training to be a firefighter and they would pay for it, so the question becomes, how much is a firefighter’s salary?

[@jackjack4412]

@@lesliek7776 what would make you say that? Being nice and kind doesn't change someone's situation.

[@iomis2001]

Dave makes it sound like making 100K a year is easy. He lives in a fantasy world. Where you live can also impact how much you can make.

[@DoubleJVideos]

That's kinda what happens when you're a multimillionaire

[@butterfly9274]

kolop1 maybe he should move to Texas

[@derrekmitchell1012]

It's really not that hard to make a 100k a year if your willing to do the work

[@iomis2001]

@@derrekmitchell1012 If it were easy we'd all be doing it.

[@brandonrides8953]

@@derrekmitchell1012 Doing what and where? Send me the application. I have a Highschool Diploma

[@J30GHS]

You got this bro! May have to sacrifice some time away from the kids to work a side gig a couple days at night but you can do it!

[@lpersley24]

I’m 32 with no kids. I’m still not ready 😂.

[@JK20239]

I'm 30. Same here

[@mrjv750li]

27 wait for me guys !!!

[@notgaybear5544]

well hopefully your wife isn't your age because it will become impossible for her sooner than yourself

[@grilleFire]

You will never be ready untill it's too late.

[@grilleFire]

you better get cracking...

[@bmassche]

get the wife to do a home daycare... she needs to be making money... i had this problem for 8 years... one income is not enough esp if you only make 45k

[@ludielizsilaya7207]

I agree! Or work remote or do some side hustles , only fans , something

[@robertmessing1345]

From my personal experience in rural EMS an EMT would be around 30k. A Paramedic would probably be 50k to 60k.

[@NeoAndersonReloaded]

The budget was two people need to work. This isnt the 50's. 5 ppl on your income is nuts. Inflation will kill you. Its only going to get worst as the FED has watered down our currency.

[@kayleighm7856]

NeoAndersonReloaded It is possible to live on one income, we had 4 kids my husband grossed 48 k a year and then we bought our first home. We had no credit card debt no car loans no cable and no eating out etc. We budgeted our money we had.

[@willh3972]

Its certainly possible but definitely more difficult as the days go on. He may need to work weekends and some nights too for a good while. Not forever but when you have a family you do what is necessary period

[@AdaEstherGJ]

You can do it. Work hard, have goals, work together, and your financial future can be drastically changed.

[@yayyareaa2997]

2 major major problems. #1 25 years old with 3 kids under 4 years old #2 Wife is the only one doing the budgeting and handling the money

[@Deszy23]

He cant slove number 2 YET the children are still babies. That women cant start working yet.

[@vilenationgaming]

Desy W you a lie! She can get a job. She just doesn’t want to

[@michaelweyenberg6238]

@@vilenationgaming the kids are more important. a mother is far more valuable than money.

[@vilenationgaming]

@@michaelweyenberg6238 Yeah. Let me call and pay these bills with her. "Hello, power company, I would like to see if I can pay my outstanding bill with a mothers love? NO... You dont take that as a form of payment?? Dang"..

[@misstbikini]

maybe getting assistance and limited on working outside the home, hopefully they will take the risk with your help and clases

[@dragonofparadise]

I prefer to use the nominal median income for my data ($31,786 in 2017). Both are facts that are indisputable, but both paint a different picture. The average can be skewed by ultra high income earners who make in excess of $1,000,000 per year. It was a simple lesson in elementary school that averages are skewed by outlier data points.

[@G.Farr4]

Validusy Agree. Not sure why Dave insists on using an average vs. median.

[@Mag1c4lyfe]

@5:10 Dave: "When you goin' to school?" Troy: "Umm. It's uhh, it's uhh, a tech school.."

[@taiiib2252]

So people are just going to school to do what they feel like without checking to see what the career they chose will bring in lord help these people!

[@JohnJohn-fq5bl]

Can you please talk about consumer proposal. Is there other option to get out of 100000 in debt.

[@offgridjack5779]

With 3 kids at his young age the wife needs to sit and binge watch some of those EXTREME COUPONING episodes and get to couponing!! She could actually make money at it.

[@brucelee8926]

Unfortunately in today economy, most people need 2 or 3 jobs just to scrap by.

[@ChrisMFlorida]

Live on less than you make and don't have 3 kids without the income to support them.

[@brucelee8926]

@John Lester robots doing the jobs for humans is good for GDP. Suicide, depression, and Income inequality are at an all time high. Main stream media are lying about the economy. Millions and millions of people are being push to the side with the current system.

[@mikeekim007007]

Lol Yang gang checking in with the bad take. People that want to be doing well, are doing well.

[@ZacharyLaid]

6:38 "if you're like me, your wife is smarter than you are" lol

[@notgaybear5544]

WEAK

[@DaPoopIsInDaPudding]

Zachary Laid Finding Freedom pussywhipped

[@danboone5672]

I feel sorry for all these lost people in the comments worshipping money. Raising children in a committed relationship is the most fulfilling thing you will ever do in your life.

[@ExactAeration]

If the guy wants to become a paid Fire Fighter he needs to shoot for paramedic ASAP. Problem with being a volunteer Fire Fighter is most department want more... and more ....and more free time at the expense of income, relationships and income. It can be a cut throat political tail chase yet if you want to land a paid FF/Emt slot...often required. Super competitive career chase....

[@wolfofdubai]

“When something is important enough, you do it even if the odds are not in your favor.” *ELON MUSK*

[@AaronHernandez-xv4qh]

Hmmm, increase your income or wife has to get a job but daycare for 3 kids can add up. I’m roughly the same age so I feel you brother! Cut cut cut

[@ARCGRAPHIX2011]

Never answered the question on how to recover after banky

[@elmateo77]

The average salary for an EMT where I live is 32k which is right about the US national average (just looked it up on glassdoor, Christ that's disgusting they deserve to be better paid than that).

[@brendondowdy5651]

Glass door is so wrong. My job pays 120k a year and glassdoor says it's closer to 35k lol that's absurdly wrong

[@elmateo77]

@@brendondowdy5651 Hmm that's weird. I just looked up EMT on the US Bureau of Labor Statistics website though and they say the average income is $37k, which is a bit better but still pretty low for someone with their training and responsibility.

[@brendondowdy5651]

@@elmateo77 just to clarify I'm not an emt. I was just saying my job pays about 120k and thats the same for everyone with my job but glassdoor says average pay is under 40k a year lol

[@donaldrichey3318]

He has the right idea but he needs to have the drive to carry it out.

[@opsecclassified6469]

Dave...EMTs here in Michigan make anywhere from 12-15 an hr. I can't imagine his area making 9-10 an hr, Based off his area he lives.

[@user-eu2me4bp7j]

This guy didn't think of how much the jobs actually PAY before he goes into it?

[@IamtheGL]

Onward and onward

[@Insufficient202]

Dave: “you gotta pull out on time..” Caller: “pull out? I usually go in deeper..”

[@cheezybred]

The kids are killing him, i heard you can sell anything on ebay tho 👍

[@BuckI2Bdad]

Get a part-time job and double up the payment at a minimum

[@nala3038]

I'll take seven years of shame and bad credit for $500, Alex.

[@DisabilityExams]

Wife needs to do some online work at home.

[@GabrielMartinez-sd8pc]

"idk what I did wrong" You had three kids, making $42k/year, wife doesn't work and have massive debt.

[@insideoutsideupsidedown2218]

people on here complaining kids are a burden/ they cost too much money/ you have too many, blah, blah, blah. Shame on you. Do you have kids? If so, do you treat them as though they are a burden? Guess what? What goes around comes around. I can't control my urges, so I need clipped. "I didn't know doin that caused children" DUH--What a bunch of numb-nuts

[@mattyounis5636]

Can't feed em don't breed em

[@daniellecoffey4039]

EMTs don’t make good money at all, he’s better of putting in the work to become a RN and making $80k depending on where he lives and working in the ER since he wants to deal with trauma and emergencies.

[@susansauls8902]

Dave asks "When?" Caller answers with 'what.'

[@nicolcacola]

He should sell the house and use the equity to buy a cheaper house with cash.

[@chrislopez5287]

A vasectomy has the highest ROI of any investment. I have 3368 days until I’m kid free. Not sure I can do the same thing another 3300 times.

[@jmf1976jmf]

Best 30th bday present I could give myself 👍

[@yoshisatoshi3206]

Your ancestors are looking down at you with disgust. What a shame.

[@David-wo9un]

If the average household income is $59,000, why are so many on the system? That number seems high to me.

[@johnnymichael1804]

Household income counts everyone that can work. Divide that in half and THAT'S what most people are making outside the big cities.

[@XFizzlepop-Berrytwist]

Also not everyone makes that. XD

[@dragonofparadise]

He used the average, which is artificially inflated by the ultra high income earners. It is a common way to skew statistics to support a point. I prefer the nominal Median Income which is around $40,000 per year, which would make this caller perfectly average income wise.

[@LadyAmandaReneeMerry]

He did it right in my eyes. It's harder for women to get pregnant after 30. We will experience a population collapse in 10 years if we don't support young adults having children. For those of you who erroneously believe this is a good thing, who will care for you when you are old? Children are a blessing worth fighting for

[@julesflores8137]

Yea he needs to ditch being an EMT or firefighter if he needs to make good money. They are both underpaid

[@linkbelt111]

It’s simple, income too low for 3 kids and a non-working spouse.

[@patrickaustin8528]

How about a side hustle for extra cash?

[@DarknessFalls29]

It was painful for me to listen to Dave questioning this dude who couldn't fully answer the questions. He and his wife to use bc until they can get ahead financially.

[@aig5429]

It's because getting kids is financially a burden. I make 35k a year and no kids my lifestyle is great

[@lmbarnes3]

He made the mistake of not planning kids. If you make little money you should not have so many kids. Family planning. I chose to be very careful because I did not have money.

[@Judi4Him4Ever]

I mean this kindly, but if it’s not against your beliefs, it might be a good line item on your budget to buy contraceptives. Three kids under four?! Yikes!

[@tortoisehead30]

People file bankruptcy on $22K?

[@MrsGalvanize636]

That’s what I was thinking

[@Andrey-xi5hc]

This dude does not want to be an EMT. That market is too over saturated which drives the pay low and the competitiveness of getting into a FD makes it risky. Don't know much about law enforcement.

[@kimberlyjaxson3478]

True, and it sounds like he may have some health issues as well.

[@iluvworldofwarcraft]

Doesn't take a math genius to figure out the issue: $45k, 25 years old, 3 kids. What does the caller think the problem is???

[@stevelee7781]

This guy will never be on the millionaire theme hour

[@kylejones4858]

M4A!

[@francescakray233]

Thank you. 😐

[@bilbobaggins8819]

Don't EMT's make $15-$20 per hour?

[@DisabilityExams]

No

[@bilbobaggins8819]

@@DisabilityExams what do they make?

[@justheather4144]

Yes & no. It depends on what type of "EMT." Do they have their paramedic license? Do they do flight emt? What city do they live in. I've seen $12-30 in 5 cities. It just depends.

[@anitaknight3915]

no they make 10-12$ an hour where I live in Illinois!! very underpaid

[@dmac3927]

22k , could just pay $100 a month, they will take that

[@Josie-nb6go]

Though letting your wife being a housewife is chivalrous, sometimes the reality requires both to get jobs. Even if the wife gets part time job

[@Elizabeth-yg2mg]

Irresponsible to have kids before you can afford them, plus the fact that the world needs fewer people.

[@aig5429]

I feel bad for this guy, thats why i dont want kids myself. I make 50k a year in ohio, 700 rent and live very comfortably

[@littlehouseofthreads5584]

This had nothing to do with his children. They are what he loves and is asking what to do like most responsible people do. You don't put children back or through them away. Med bills can be serious stuff on a parent. I know people who just as well be bankrupt with vet bills. They can't even pay us their rent. This guy at least has the sence to find out what he has to do. BTW kids are a blessing. And if you don't think they are , then what on earth do you think you were when you were a kid. Some one took care of you. Or you wouldn't be here to slap someone else over the head for bringing people into the world as God has designed. Self righteousness stinks a mile away.

[@notgaybear5544]

there are a lot of debt free and barren people in the comments...Trying to justify their unhappy lives....you can always pay off your debt but you can't always make babies

[@notgaybear5544]

@hefe gonzalez LOL!!! I'd rather live and die in debt than not have children of my own. I have 4 sons and I am 34 will be debt free in 20 months...we don't live off beans and rice we just make all our food from scratch everything we buy is organic, pasture raised, and grass fed.

[@tracibarnett2058]

People define their own happiness.

[@shachede6828]

you can by adopting

[@AN-tp4rs]

Maybe you’re struggling because you’re 25 but you already have 3 kids.

[@sbrazenor2]

That's about my feeling on the issue. And they had them while creating a bunch of debt.

[@stalstonestacy4316]

What's he supposed to do? Kick the dirt and say gosh you're right and put em back where they came from? That ship has sailed but I'm glad you finally found someone to feel superior to. Go you!

[@blackworldtraveler3711]

Stacy Stalstone You must be in a single mother mess taking a post that wasn’t about you personally and saying the person is superior because of it. And that ship is just starting to sail with this mess.

[@wspmjw]

As the father of 8 who was debt free aside from the mortgage on an enlisted military salary, I have to state that unless you have walked in their shoes, don't judge. Children are only as expensive as how the parents spend on them. BTW, my salary upon retirement was $33K/year in 1999. It can be done if you budget (which we did).

[@JK20239]

@@wspmjw beans and rice? Not everyone wants to live on beans and rice, especially when we dont have to..

[@nickwiththemoney9141]

dude only makes $3750 a month. cmon thats why he got no money, it aint his budget skills. the problem is there is not enough to budget at all

[@Eric-steele]

I hear a divorce in the works.

[@lana8305]

Why do they have so many kids ready? Especially on one income. Come on now.

[@100thesunking]

you recover by not paying those fn credit card companies

[@Geletin911]

sounds like a 30 year old boomer

[@notgaybear5544]

Is it antisemitic to be debt free?

[@rotarypower84]

He got a income Problem

[@23Fulani]

Come on man. Wife is not in a position to be a house wife!

[@aligncars10000]

This guy loves making stupid choices. Maybe another kid will solve the problems

[@MrTallandrew]

3 mistakes causing you to struggle- 1.getting married 2.having kids 3.having a woman handle your money

[@thomasmorrison3279]

Stop making babies, get a better job or learn a skilled trade and make a better salary, and stop spending any money above minimum necessary expenses.

[@RolandDeAragon]

Making 45k in Kansas with the family in three kids goes a long way. You can even do that in LA. just as long as your housing cost make sense and you have no debt. I would say the issue is you're letting your wife touch the money.

[@rickjohnson6711]

Really? There are tons of jobs that pay 100,000.00 out there for all of us? Sorry this economy blows and I am bitter ! I make 20,000 a year ab=nd am fun debt to my ears and can't find a better job because apparently I ged out at 52! The world is an unfair place. Good luck!

[@JK20239]

There isn't. Trump's economy are low wage minimum wage jobs. Alot of trumpers think economy is booming with low wages lol

[@derrekmitchell1012]

I'm sorry but where I live you can get a job at most factories making 19+ an hour and its ky so the cost of living is cheap. I'm on track to make almost 70k this year with just a little ot

[@DisabilityExams]

Your victim mentality is the main reason for your success

[@peranutshporenius2979]

@@DisabilityExams 50% of the workforce make below 40 K. Fact.