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@旮旯北京4 жыл бұрын
How is your kids, or grandchildren doing?
@rethsen81464 жыл бұрын
Wow Mr. Ramsey I am baffled. You only cared that your tax money insured his debt not the systems that allowed him to go in a million dollar debt and that he cant even file bankruptcy for all that debt if he ever got under water? Wow
@tradingedge63714 жыл бұрын
Hello Dave I have questions I’m in $11,000 bet and 20,000 car payment loan what should I do to relive those problems?
@marcusjohnson27204 жыл бұрын
I’mI’m has always happen every
@woswasdenni19144 жыл бұрын
bad advice in this special case, he has a lot of potential because of the high flow of money. the only way togo would be pay the minimum use as much as he can to invest. quickly he gonna turn the 1mil student loan into 1 mil investment loan that then could be furter investet with higher rates of payback. that would also secure him a bit better since most of his income comes from a job he could loose at any moment. any momeny payback then is just lost and the debt is crushing him anyway. better have assets that ensure payback
@KishoreG23964 жыл бұрын
So this guy is practically a millionaire except in the negative direction.
@tonywasikhongo75104 жыл бұрын
Bruh
@bryanmartinez66004 жыл бұрын
There's a silver lining to everything. They say if you dance with the devil might as well lead.
@otallono4 жыл бұрын
It doesn't take that long to make your millionth dollar.. difference between being a millionaire and having made a million. He will pay more than that, though because of the interest.
@manictiger4 жыл бұрын
He just has to turn the galactic currency from a 1 to a -1.
@realdream75834 жыл бұрын
He is a -millionaire
@rickvangils1004 жыл бұрын
''my interest is about 5800 dollars a month'. That line send shivers up my spine.
@EatingHotIceCream3 жыл бұрын
Half of my total amount PER MONTH 😩
@EMYoutube12253 жыл бұрын
That’s nearly 3 times my mortgage.
@dantexventa36953 жыл бұрын
That’s 5 times my mortgage monthly payment
@Ixions3 жыл бұрын
$5,800 a month on a million dollar debt is 6.81% average interest. He must have been taking every loan he could get.
@hypothalapotamus52933 жыл бұрын
A doctor who is really bad with money will be $650K in the hole when exiting residency, tops... That's assuming this person picks an extremely expensive med school and can't manage a $60K a year lifestyle during residency, borrowing money in expectation of high future income. Apparently, it's normal for an orthodontist to be $1 million in the hole, because they also have to pay for residency... Wow... This is a level of education debt that I wasn't aware existed...
@percyastronautstatus.87804 жыл бұрын
He sounds ........defeated..I can hear the sadness in his soul......I hope he gets his joy back....I'm praying for him.....
@mylesid4 жыл бұрын
Percy Sherrod Sir/Ma’am, You are right! If things go down farther, he will be close to suicide! I speak from experience!
@drn133554 жыл бұрын
he defeated hmiself.
@suzannejones72604 жыл бұрын
Suddenly my life at the poverty line after being suddenly widowed in 2019 doesn't seem so bad.
@johannesswillery51464 жыл бұрын
@@suzannejones7260 Prayers for you too : )
@suzannejones72604 жыл бұрын
@@johannesswillery5146 Thank you so much. Together 40 years, I spent my entire adult life with him. I still can't get used to his absence. 🌹
@christianbolt5761 Жыл бұрын
Our university system needs to be looked at. There should be no way that this could happen
@jp-is1is Жыл бұрын
fr this is horrible
@playedon78 Жыл бұрын
Dead right about that...becoming the same in Australia with some stud. Debts up over 700k. Crazy world!
@fglend73 Жыл бұрын
While I agree with you, this is his fault 100%. You can't blame it on the university.
@ullcringe2895 Жыл бұрын
@@fglend73 You can blame it on both. Both are ridiculous.
@BusArch42 Жыл бұрын
It’s all private schools and private loans. All our medical schools are private
@fortyseventhronin5 жыл бұрын
To his credit, not only did he go into a well paying field that the world actually needs, but he had the guts to call in, admit his mistake and ask for help.
@annagarcia15275 жыл бұрын
Yup, admitting the debt out loud is hard. My credit has always been great but I remember one time it being a littlw low credit score. I knew it dropped but I could never get the guts to look at my score. I finally had the guts to just look at it. And it was not as bad as I thought. But you just have to look at debt in the face and say" I see you. I can conquer this "
@---cr8nw5 жыл бұрын
There's a lot missing from his story, though. I haven't priced orthodontic schools, but there is no way he racked all of that up in one straight run. He probably went to 4 or 5 schools, tried 2 or 3 majors before settling on orthodontics. He also put living expenses on it. I'm guessing you could get the same degree for under 150,000, probably even less than that.
@annagarcia15275 жыл бұрын
@@---cr8nw he also probably took out more just to cover expenses and to eat
@ericschrage98995 жыл бұрын
@@---cr8nw no way, not in the us
@deathlarsen75024 жыл бұрын
Sorry you don't get credit for that
@hayabusasun25144 жыл бұрын
This guy owes one million dollars and his fiance still married him, That is true love!
@MiguelHernandez-rw4xu4 жыл бұрын
No doubt, she is a trooper
@KhanPopPuzzle19824 жыл бұрын
She’s a debt digger.
@edgehodl48324 жыл бұрын
Probably ignorance, pure ignorance
@princeofopinion26924 жыл бұрын
Or insanity.
@dks138274 жыл бұрын
Not me !!!
@itsthemoises31754 жыл бұрын
Student loan debt is plaguing our country. I'm so determined to get out! Just paid off 60k in 2 years. A little under 10k to go 🎉🎉🎉
@overthinkingintrovert3964 жыл бұрын
It's because of socialism. 😁
@itsthemoises31754 жыл бұрын
@Dumbelldoor thanks!
@justanotheryoutubecomment35584 жыл бұрын
So close keep making your money 💕
@394bowser4 жыл бұрын
@@overthinkingintrovert396 uh, how
@itsmelissa__4 жыл бұрын
Awesome! Can you please share how you did it? Second job, etc.?
@kevinalmiron8693 Жыл бұрын
I feel overwhelmed with 30k debt. I cant imagine 1 million
@baraclude9 ай бұрын
He's going to be fine. In 5 to 10 years, his business will grow. Now I know why all dentists I have visited are shady af. They all want to make quick bucks with the worst quality service.
@DixonButts-698 ай бұрын
I feel dead having to owe $1000 😂
@diamondly62508 ай бұрын
ya but he will start making a ton pretty soon
@vickikendricks16058 ай бұрын
Me too have 30,000 in debt and I hate it and want to get rid of it.
@ramsaybolton74648 ай бұрын
You can hear it in his voice. He’s defeated
@wessmall79574 жыл бұрын
He has enough debt for somebody to retire comfortably off his interest.
@imluvinyourmum4 жыл бұрын
But now he does get to cruise on a guaranteed $300k+ per year with no risk.
@SamuelMM_Mitosis4 жыл бұрын
@@imluvinyourmum yeah idk why people are so worried for this guy. Give it 10 years or less and he will be 100x better off than most people in these comments
@imluvinyourmum4 жыл бұрын
@@SamuelMM_Mitosis I think it's just programming by Dave lol. Apple is billions in debt, it's what the debt is for and the return. If the debt is for an arts degree and u can't even get in the industry because u have no talent and don't put in the effort, that's a bad debt lol. But if you took out a $500k loan to buy your own truck and start your own logistics business that would guarantee you $200k the first year, that's a good debt.
@SamuelMM_Mitosis4 жыл бұрын
@@imluvinyourmum well said.
@jadinmosley71244 жыл бұрын
What The you never thought what if he got fired or never got the job, you gotta realize a degree doesn’t mean you’re gone get or keep the job...... and 1,000,000 is hard asf to get just imagine tryna get out 1,000,000 in the negatives you might as well fine for bankruptcy😭💯
@mecca7774 жыл бұрын
a million bucks in the red and he STILL has a fiance..... 👏👏👏👍👍👍
@shawnbrown44854 жыл бұрын
She's a keeper
@MesseJesse24 жыл бұрын
Couldn't be me!
@canadianjatti4 жыл бұрын
shes thinking of the future income....
@JF323044 жыл бұрын
That's exactly what I thought! I can't even get the time of day. Lol
@carina02244 жыл бұрын
I heard that True love is real
@relaxed_str88913 жыл бұрын
Imagine being this guy and winning a million dollars, and you’re net worth is at $0
@goynwa71103 жыл бұрын
No he’s income would still be negative because of the taxes lol
@leeham62303 жыл бұрын
Still richer than the average American at $0
@abrown42753 жыл бұрын
winning a million dollars is a good $600000 - $700000 after tax...so he still in debt
@IwinMahWay3 жыл бұрын
Needs to yolo on gamestop 🚀🚀
@epicking16093 жыл бұрын
@@goynwa7110 what??? You guys pay taxes on lottery winnings? No tax on winnings here in Canada
@shaunmcinnis56610 ай бұрын
My dentist told me they usually spend half their career paying of debt and the other half making a living and saving for retirement.
@doctorposting8 ай бұрын
yup doctors too
@fire127318 ай бұрын
How sad
@shaunmcinnis5668 ай бұрын
Agree. I couldn't image always feeling so far behind. Especially when you are in your prime.@@fire12731
@eliasvonbrille8 ай бұрын
Us college is though jesus Christ. I always envied your salaries but looking at it from this perspective we make waay more 😅 The high doctors here make like 300k on average while in the US ones make 400k but ours have basically 0 student debt.
@Determination2127 ай бұрын
I remember seeing somewhere that doctors make as much as teachers. Why bc it takes multiple years of schooling so then you aren't working during those years and loans etc.
@greentoolsnyc39854 жыл бұрын
I literally have $0 im 1 million richer than him.
@bigpicturethinking56204 жыл бұрын
I wanted to write this response so that I had time to let your comment sink in. This is an amazingly stark contrast.
@edgehodl48324 жыл бұрын
🤣🤣🤣🤣
@enricopallazzo32444 жыл бұрын
Hahaha
@mr.tennisballs9554 жыл бұрын
Lol
@Jeremy-fy1sz4 жыл бұрын
This man has a $1,000,000 investment in his career that he leveraged with no assets yielding 100% return in less than 10 years.
@PracticalBibleStudies5 жыл бұрын
$1 million in non-bankruptable debt.... This hurts my soul.
@Bigshiesty15 жыл бұрын
Practical Bible Studies drive the dagger through my heart
@groofromtheup57195 жыл бұрын
at least he has a degree and a career. Many people go incredibly into debt, and don't have a degree to show for it.
@handleyobusiness5 жыл бұрын
@Orthodoxy or Death It’s true. Only way student loan debt goes away is by payment or death. 😢
@PracticalBibleStudies5 жыл бұрын
Orthodoxy or Death This is America, where we feel pressured to pay a ton of money for things we don’t need. Student loans must be paid back. There’s absolutely no way out other than death or paying it. It’s creating the next economic bubble that could be the end of the American economy.
@PracticalBibleStudies5 жыл бұрын
Mike Brown (Bassist) I agree that bankruptcy isn’t something to just get a free pass. But if someone has a bad enough set of circumstances, there can be grounds for bankruptcy. His situation is certainly manageable right now.
@SergeantExtreme4 жыл бұрын
"When a man owes the bank $1,000, he can't sleep at night. When a man owes the bank $1,000,000, the banker can't sleep at night." -Old Proverb
@amunra40154 жыл бұрын
I heard it differently. When a man owes the bank $1,000, he has a problem. When a man owes the bank $1,000,000, the bank has a problem.
@MrJaytheking4 жыл бұрын
Why would the bank have a problem?
@EliteBadFrog4 жыл бұрын
MrJaytheking because the man probably cant ever pay it back to the bank
@Alex-qn9og4 жыл бұрын
When you owe the bank $1,000,000, that's your problem. When you owe the bank $100,000,000, that's their problem.
@Ahmadaziz10004 жыл бұрын
@@MrJaytheking Because they now have a million dollars to recover and will be afraid of not getting it back.
@mikeymendez52313 жыл бұрын
Dave is actually 23 years old. However taking on the stress of his callers’ debts has aged him to a middle aged man.
@AB-se2st3 жыл бұрын
😹
@riverdaletales84573 жыл бұрын
🥴
@waterheaterservices3 жыл бұрын
At 61 with a 23 year old girlfriend, I needed that story .
@SkinlightJoshi3 жыл бұрын
@@waterheaterservices sus...
@IceColdProfessional3 жыл бұрын
@@waterheaterservices Nice!
@Guard3855 жыл бұрын
this man graduated at the top of his class with an advanced degree in Debt Slavery
@deanpagliaro12524 жыл бұрын
He can be a multimillionaire in a decade or two if his business takes off.
@emperorceejay16554 жыл бұрын
He opened a business I'm hoping in a few years he and his future wife are multimillionaires 👏🏾
@Kevinwatches4 жыл бұрын
@@emperorceejay1655 I'll be his accountant if he does free dental work for me🤣 I just graduated debt free but need 30k in dental work done🤦♂️ *I take that back, I can pay off my student loans and be debt free but still need dental work or get dental work and have student loans
@db26314 жыл бұрын
Every kid this guy sees is getting braces for 8 years.
@warwagon4 жыл бұрын
LOL
@dvelop49754 жыл бұрын
Ahaahaha
@BGB174 жыл бұрын
It's funny but it's actually a good commentary on the Americans medical system. Certain drugs and treatments are pushed regardless if it's needed
@onemorething1004 жыл бұрын
You hit the nail on the head and explains the corruption in. all of healthcare. Patient care is based on Money. It's no longer based on patient needs.
@onemorething1004 жыл бұрын
@dustoff Go work in Healthcare and then get back to me
@danielp4157 ай бұрын
I feel like living with 80-90k with no loans would provide a better quality of life than 250k and $1m in debt. That's insane.
@EAlc-f9t6 ай бұрын
Well duh lol. But it’s relative, obviously having debt 4x your salary is terrible. But once it’s paid off, 250k a year is pretty sick. Imagine being 4x in debt but your salary is 30k, there’s no happy ending in sight there lol.
@Subremedy6 ай бұрын
Especially since this couple have to live like 'poor' people for several years. Debt is quite the humbling experience.
@rishit48976 ай бұрын
A lot depends on how well his business goes. Obviously he will still be in a lotta debt but after 3 years or so, if the business goes well then they can live a normal lifestyle
@matthewc98066 ай бұрын
Yes absolutely your 20 year outlook is better with 90k and no debt than 250k and 1m debt
@martinlutherkingjr.55825 ай бұрын
In the short term, yes. But he will probably make more than $250k once he’s got 10 years of experience.
@noahbatz60065 жыл бұрын
I'm going to become a millionaire *Uno Reverse card
@missyelle27495 жыл бұрын
Good one....
@ldelts335 жыл бұрын
I didn't mean to bust out laughing. Omg!
@AdroitBri5 жыл бұрын
Underrated comment but this is sad and I feel bad for the guy.
@laneshanelloms5 жыл бұрын
Rick Sanchez Wow!
@jaaxoon5 жыл бұрын
Lol
@robertvillafane37538 ай бұрын
I’m a trucker making $100k and when I hear this type of stories I tell you, I’m so happy to be a trucker
@BenState6 ай бұрын
in 10 years he will earn 500K plus and be debt free
@hudsonmilbank3 ай бұрын
Except the Democrats wants truckers to pay for the "forgiveness" of student loans from guys like this.
@crystaliclake2 ай бұрын
Wow that’s great! Is it longhaul? ( my husband is a trucker too and doesn’t make that much but he’s short haul )
@hugohabicht995717 күн бұрын
@@BenStateDoubt that . His liability will take the bulk of it
@latifasaeed25469 күн бұрын
@@BenStateif someone gonna sue them 😂
@vanessalynn40645 жыл бұрын
“It gives me an anxiety attack and it’s not even my debt”. Me too Dave 🤯
@jesusbalderas3295 жыл бұрын
Vanessa's World I saw a millionaire asking for food at the food bank. This is the guy.
@bighands695 жыл бұрын
His situation is not as it appears. He will over the life of his career earn 10 million minimum. And with good wealth creation he can easily obtain a net worth of 20 million. He is the 1% of the 1% in that he has graduated with a fellowship in his specialist field of dentistry. That means he has done dentistry school and then orthodontic training. I would say what he has done is worth it. The one million does seem extreme but in the big picture it is nothing. Now if he graduated architecture or physio with 1 million that would be a different tale.
@daniellestephen13635 жыл бұрын
I can relate! When my friends/family tell me about their debt, I freak out. I have $12K in student loans left to pay and that stresses me out enough. When I hear people say they have 100s of thousands in debt, it affects me emotionally lol
@tacticalheadlampwithstrap31845 жыл бұрын
Yes! I thought the same!
@briank86975 жыл бұрын
Student loan debt is for suckers
@user-kf6xz4eg7h3 жыл бұрын
I’m so glad I went to a community college first and then transferred to a cheap university after that. I graduated debt free. Glory to God 🙏
@jdn_41633 жыл бұрын
If you don’t mind me asking what job do you have and how much do you make?
@ghrvjdev3 жыл бұрын
Amen
@ECUCHRIS9043 жыл бұрын
It's all about credentials.
@christinay82563 жыл бұрын
Amen
@b.s.m97323 жыл бұрын
Your smart.
@VenerableBede2510 Жыл бұрын
It’s a crime that the College Industry can bait and switch with predatory overpricing.
@drlisa39 ай бұрын
Bingo! 💯
@Jaminn7247 ай бұрын
Unfortunately we fell victim to this. I was the first one in my family to go to college. My parents didn't know anything about it. I graduated with 200k of debt. I lived at home after graduating for another 6 years but I'm debt free! Better feeling then graduating 🎓.
@jtixtlan6 ай бұрын
It just isn’t true. In order to accept the loan, the system makes you watch a demonstration on how interest works and how long it can take and how much more you pay the principal. You have to answer quiz questions correctly demonstrating understanding before you are given the page where you sign. They know going into it and they have magical thinking the someone else with pay it. He was smart enough to graduate from dental school, so he was smart enough to know what $1M is. Fortunately, he’ll make a million in take-home in about 6 years. The worst thing is that his finance is working without income or a retirement savings plan so he has more to put on his debt.
@wa2k993 ай бұрын
Idiotic post
@wa2k993 ай бұрын
@@drlisa3yep you don't know have a clue what you're talking about
@avantiiresha66873 жыл бұрын
Am I the only one who thinks his fiancé is the best thing happened to him ? She is on board with him, accepted his gigantic debt, helps him in office and doesn’t even take money for her work ... dude you are so lucky
@Mak2Grim3 жыл бұрын
she is such a soul man
@wmurray0033 жыл бұрын
This is VERY true. So many times women try to take from you. She is giving this man life.
@jagofjokester11273 жыл бұрын
She's probably just a stupid as he is
@SummeRain7833 жыл бұрын
“She doesn’t take any income out of the office” meaning she doesn’t get salary anywhere else. She gets paid through his practice. Many people do that as it serves a tax advantage. I am not saying she is less supportive by doing that. Just correcting the facts
@avantiiresha66873 жыл бұрын
@@SummeRain783 thank you for the info I appreciate it and yes I agree doesn’t make her any less supportive but good to know this tax advantage arrangement appreciated
@TheGearShots5 жыл бұрын
I told a coworker yesterday that I’m gonna save up $200,000 so I can buy a house straight cash and he told me that’s impossible. Time to prove this boy wrong.
@michaelb.89535 жыл бұрын
Save up enough to buy a house for $100,000 cash or less then you're living rent and mortgage free and then you only have to save up another $100,000 or so as it should be far easier with your increased cash flow. Sell the present house to go towards your new forever home added together with you $100,000+ savings and you got this. Definitely doable as it should only take you 4 to 5 years maybe less. Good luck and continue being a leader.
@boxfox12395 жыл бұрын
Very possible. If you earn 70k a year save 40k. Live wayy below your means
@happydays96135 жыл бұрын
Your Co-worker jealous. Anyone that tells me I cannot do something. I make a sure point of doing it. Who are they? No one important. Go change that dream into reality.
@ChrisMFlorida5 жыл бұрын
Yes!! Do it man!!
@chrisludwig97835 жыл бұрын
Not impossible at all. You can do it
@rosebflowin3 жыл бұрын
Jeez.... he opened his office right before quarantine.... let's hope this man is still alive....
@stevensoffer75683 жыл бұрын
In Florida though. Interest also stopped accruing. Corona could’ve actually saved him!
@waterheaterservices3 жыл бұрын
We are all going to die!
@reefym26273 жыл бұрын
@@waterheaterservices we better
@riverdaletales84573 жыл бұрын
@@reefym2627 suicidal?...
@axlenr18603 жыл бұрын
@@riverdaletales8457 Realistic
@johncarton30233 ай бұрын
Dude, mad respect to this guy for looking to solve his situation and asking for advice.
@ashleyp023 жыл бұрын
when I heard him say that the interest is $5800 A MONTH, my heart dropped
@aroncampos57203 жыл бұрын
Same omg. That's more than the vast majority of Americans make period.
@thatsassyrepublican3 жыл бұрын
Same 🥸
@TomikaKelly3 жыл бұрын
Right. That's my rent, health and car insurance, car note, food, gas, groceries, water, and light bill with some international travel money left over. 😳😳😳
@jdstep973 жыл бұрын
Actually, if he will be earning $250K per year, he should be able to live on only $100K, he and his wife. Other folks can live comfortably with that. With that, he should be able to pay about $10K per month on the loan. Just set up direct deposit and forget about it. Just say his income is $100K per year and forget it. Let the autopayment take over.
@jeffinmathew78573 жыл бұрын
Ikr!!! Wth!
@nightcoreloverify4 жыл бұрын
Well I'm done complaining about my S13,000 Student loan
@ZFKATNBADGER403 жыл бұрын
Yea, that’s really nothing
@coolboone30993 жыл бұрын
lol, and Im done complaining about my 18,000 student loan debt
@a464753 жыл бұрын
You mean bragging about ...
@tpespos3 жыл бұрын
Naa imma still complain about my $93,000
@datboii27563 жыл бұрын
@@tpespos I can help pay let me know !
@skylarnutter27235 жыл бұрын
I’m willing to get braces AGAIN to help this man out 😭
@reganwolf44055 жыл бұрын
😅
@seansmith41505 жыл бұрын
Skylar Nutter 🤣🤣
@annagarcia15275 жыл бұрын
I loved my braces. Best 1,000 bucks I ever spent
@senzuu74655 жыл бұрын
@@annagarcia1527 I had to spend like 10k for them
@ebonylo.5 жыл бұрын
Bro I hear ya fly out to him and everything
@jennaarmerding81 Жыл бұрын
Pretty sure this guy was featured on “Borrowed Future” and he definitely took the advice. It shows the apartment he lived in and everything. He had it down to 600k at that point. I feel bad for him this is a hard situation.
@doctorposting8 ай бұрын
if doctors didn’t borrow for the future, say goodbye to doctors
@bhe83367 ай бұрын
@@doctorposting If government didn't guarantee the loans, the colleges would be forced to lower tuition rates.
@ivnehaas7 ай бұрын
@@bhe8336BOOM
@BlueDauntless5 ай бұрын
Borrowed Futures is a Ramsey Solutions Documentary. And yes it seems like this guy was definitely on it.
@3of115 жыл бұрын
Don’t own. Don’t even rent. Live in that friggin office. Set up a couple cots and get a microwave and a one burner stove.
@deej6285 жыл бұрын
Lol there goes his fiancé.
@DubRighteous5 жыл бұрын
If she won't live through the storm with him she doesn't deserve the nice weather later.
@AFTone1445 жыл бұрын
@@DubRighteous None ever do because discipline is strictly a male trait. Females cannot see past tomorrow.
@sashmp38695 жыл бұрын
@@DubRighteous you sound bitter who hurt you 😂
@TheBanjoShowOfficial5 жыл бұрын
@@sashmp3869 how does that sound bitter in the faintest sense? This literally sounds like projection
@naamgill48394 жыл бұрын
I will share this clip with my parents who kicked me out for not going to school. I make 50k no debt what so ever. Not even a penny I owe.
@brownhippiex4964 жыл бұрын
Naam Gill proud of you
@Heyjayy-k4q4 жыл бұрын
Some people make 50,000 annually and have spent 100,000+ to do so.. Your not doing bad at all! Lol.
@mattbush37354 жыл бұрын
You're better off than this guy.
@texasrebel77544 жыл бұрын
Good for you.
@itsmamawolf4 жыл бұрын
What’s your job?
@makeapennycry5 жыл бұрын
I don’t think even Dave was confident about this one today.
@pgoeds74205 жыл бұрын
Put some teeth under his mutual fund pillow at 12%.
@stephensantiago6035 жыл бұрын
The 1 million dollars threw him off so much it looked like he forgot the question for a second.
@2cents1865 жыл бұрын
Yeah it’s one of those you’ll be okay lines.
@---cr8nw5 жыл бұрын
@Johnny Five, he knows exactly what to say: stop guaranteeing loans and start underwriting them again. The "crisis" is that we're allowing it to continue getting worse.
@Kimun8885 жыл бұрын
how much is his interest, 5800 or 50800???
@iitchovereverything6020 Жыл бұрын
I had an anxiety attack just thinking about a million dollar debt. The world we live in is unforgiving.
@johnrisko1856Ай бұрын
He chose this lol
@adr3naline23Ай бұрын
Just move to Mexico somewhere close to the border in California for 10 years change your name to Juan and your good
@LastnameabdiАй бұрын
Nah fr a million in debt is fucking insane he’s still probably paying it off to this day
@relaxedway55 жыл бұрын
At least he has a high income skill, he's attacking the issue not complaining about it, gotta respect that
@baldkat825 жыл бұрын
that is true, but I can't believe school should cost anyone that much. My wife is a lawyer and her student debt is 1/4 of that. That's a doctorate too.
@crimansizers58405 жыл бұрын
@@baldkat82 The lawyer makes 120K and the ortho dentist makes 230K according to bls. Also this dude probably went to a private school. At a public he would have about 400K + residency.
@baldkat825 жыл бұрын
@@crimansizers5840 my wife makes 250k, not even as a practicing attorney but as compliance director, and went to private school for undergrad and grad. She passed the bar too. His college costs just don't make sense.
@crimansizers58405 жыл бұрын
@@baldkat82 I agree, it should be 400K if he was smart(er). That being said I was citing averages. I know an ortho dude that makes ~ 375K and owns his practice.
@alexandrar.49005 жыл бұрын
Christopher Homer Dental school can cost up to half a million dollars in tuition, plus living expenses. Also need to take into consideration undergraduate and a possible master’s tuition and living expenses. All that interest could be accruing while in dental school I think? Also not sure if the dental residences have fees. It does make sense when you consider all of this because dental schools are not cheap in the slightest. They cost more than medical schools and if you only get into one dental school and it happens to be one of the highest in tuition, you have to go there. It looks really bad to apply to dental school a second time if you got in somewhere else but turned them down, you could jeopardize your chances of getting into a school and then would have all that debt with not a high enough salary to repay it.
@macumbeiro_xx4 жыл бұрын
Business idea to become rich: open up an orthodontist university, I just need one student and I'm set for life.
@shutupandeatasmr44984 жыл бұрын
😂💰
@user-vz5du9db2b4 жыл бұрын
Word
@macumbeiro_xx4 жыл бұрын
Thanos: everything
@johannesswillery51464 жыл бұрын
Brilliant!
@napa29814 жыл бұрын
😂
@philfalgout15 жыл бұрын
Almost $6000 a month in interest!! Ouch!
@minimalmiranda4715 жыл бұрын
That makes me saaaaad
@JK202395 жыл бұрын
His income is 180 after taxes. Putting 120k is the most... Dave is nuts...
@warwagon5 жыл бұрын
That makes me sick
@Cody_Ramer5 жыл бұрын
Josh if his income is 180k after taxes he should live on 30-35k and put 145-150k on debt.
@sunshinelawfan76935 жыл бұрын
Two people can live in Florida on less than $120k/yr, net.
@macromaxim2193 Жыл бұрын
Thank god he has a degree in a good field that a job is almost guaranteed
@HMMELD Жыл бұрын
That assumes he will get a job. Any number of things could knock him out of it.
@handsvsfood2781 Жыл бұрын
Thats not how math works. Especially at those numbers… he will die three lifetimes with that debt unless an actual miracle from god happens. Like a literal miracle captured in 4k for the world to see.
@buckeye-pe6df Жыл бұрын
With all the at home orthodontist options now, money and career prospects are going down in his field. Smile Direct Club and others like it are killing his business. He has to offer cheaper options just to compete.
@erinburke97118 ай бұрын
He said he has his own office and it's growing.
@sara-os5yz8 ай бұрын
@@buckeye-pe6dfThis didn’t age well, Smile Direct Club just went out of business
@AN-bq3ow3 жыл бұрын
He sounds so defeated after working so hard to get where he is. Heartbreaking. Wishing this couple well.
@spankynater4242 Жыл бұрын
He didn't sound defeated at all, he even chuckled in appropriate places a few times. I think you're projecting.
@bands3633 Жыл бұрын
he just needs 3 years dude
@toohda11 ай бұрын
@@bands3633lol 3 years? What math are you doing?
@Cathie304 жыл бұрын
It’s a lot, but you’ve got this. He has the right attitude and he’s seeking help. It won’t be easy, but I believe in him!
@TonTreyMarc3 жыл бұрын
I agree
@mikepawlikguitar3 жыл бұрын
You're so kind.
@williamwaugh63 жыл бұрын
He's already married, but nice try.
@clownunchained58723 жыл бұрын
Yes and he makes 250 k a year. Should not be a problem
@kpesq13 жыл бұрын
Love the positivity. I agree. He can get it done.
@AB-jq6gk4 жыл бұрын
I hate the fact that when he will become a millionaire , he won’t become a millionaire
@wellthen41284 жыл бұрын
He'll be like us. One of us! One of us! A normie.
@mujjuman4 жыл бұрын
his loan will be forgiven in a few years and then he will just start racking up the money while we the tax payers pay off his debt.
@andygarcia94774 жыл бұрын
mujjuman as you should as education cost for dentists is high bc anyone can get loans & not finish college which is 40%+ (;
@madarchermoto49554 жыл бұрын
That sucks lol
@0doublezero04 жыл бұрын
@@mujjuman Only if you are on PSLF and working as an employee at a public hospital is all debt forgiven (this takes 10 years not a "few" brah...). Not true at all for REPAYE or PAYE, where even if the debt is forgiven in 20 years you still have the tax bomb for all the unpaid debt. This dude will still be paying at least $300k in debt BARE MINIMUM the REPAYE/PAYE route!
@Mskyraelise10 ай бұрын
This is tough. I feel so sorry for him. A lot of advice us students are given is to just get the degree and worry about paying it off later and then we're told not to work and just focus on school and this is the result unfortunately.
@chloerodgers6927 ай бұрын
funny how he goes to school (as a career) but not smart enough to figure out his finances. I do not feel sorry for him
@Mskyraelise7 ай бұрын
@@chloerodgers692 school does not teach finances very well and what they do teach is usually not the best advice anyways. I have never learned anything about finances until actively choosing to myself at 24. There are many people in this same position.
@martinlutherkingjr.55825 ай бұрын
@@chloerodgers692It’s not really a big deal as long as he doesn’t become disabled. He’ll make tens of millions in his career.
@lilyann1685 жыл бұрын
Did he say he pays $5800.00 a month in interest? That makes me want to pass out.
@Svendar4 жыл бұрын
Kris 😂😂😂
@stephaniealvarez12604 жыл бұрын
I know I got sick
@brianturner39554 жыл бұрын
Me too!!
@calidreams53795 жыл бұрын
Who were the idiots giving 1 million in students loans to one person!
@tdgdbs15 жыл бұрын
He is a dentist and just finished his residency for orthodontic; good income is guaranteed. Low risk loan in my book.
@jackdonnelly4275 жыл бұрын
Rootless Tool lender is insured by the government though. They have no risk, therein lies the problem.
@RagnarLothbrok22225 жыл бұрын
Rootless Tool the lender is you, that’s the problem. The federal government guarantees them and we will all be stuck with the bill when this blows up while the 3rd party lenders and schools get unimaginably rich
@amsears604415 жыл бұрын
Rootless Tool HAHAHA NO
@amsears604415 жыл бұрын
Cali Dreams I would
@MrShootDat4 жыл бұрын
He better start an onlyfans as a side job
@xxxBradTxxx3 жыл бұрын
his fiancee would make more money 😅
@saranwright71133 жыл бұрын
😂😂😂😂😂
@ElaineLoyd3 жыл бұрын
Does he sound 🔥
@RandomGuy-ct7ns3 жыл бұрын
Teeth fetish
@Speedpunk6503 жыл бұрын
If he were female, good looking, and had a PC this debt wouldnt be an issue
@roberthuster1503 Жыл бұрын
Dudes going to make it. Big mess but he's organized and has a big shovel. I'm pulling for him and his family
@LastnameabdiАй бұрын
Yea man I wish the best for him and his family
@brianmiddleton10025 жыл бұрын
Beans and rice...rice and beans And I'm not talking name brand...I am talking about Great Value brand...
@llllll-ux2lz5 жыл бұрын
brian middleton still cost too much
@elmagnificodep5 жыл бұрын
He needs to buy dry beans and rice in bulk.
@Andjun51745 жыл бұрын
He needs to buy them by the pallet and no not at costco somewhere even cheaper shoot maybe by the trailer load
@vitiligogirl10375 жыл бұрын
I like great value..they actually are better than some of the name brand.. j/s
@maxinef66545 жыл бұрын
lol 😂
@dorapierres4 жыл бұрын
I'm here cuz I wanna feel better about my situation.
@TheKnellBelle4 жыл бұрын
Haha you picked the right segment...
@americanmade36merica994 жыл бұрын
Lol, I'm here for the same reason. I also love listening to Dave's opinion and advice, on people's financial problems
@nczioox11164 жыл бұрын
He can actually dig his way out in 6-7 years if he follows Dave's advice. And then he'll be making $500k / year
@nczioox11164 жыл бұрын
@Thelondonbadger yeah true that. People will waste money on cars and restaurants, not realizing they are throwing away millions in lost future investing potential
@jerlinerodriguez80644 жыл бұрын
Preach girl!!!
@watanabi234 жыл бұрын
I'm a dentist and was 1.4 million in debt two years ago. I'm in a better place now, obviously still in 6 figure debt, but I used to wake up in the middle of the night panicking. I dont own any vehicles over 30K and rent a 3 bdrm home as I have two little ones. The cost of the profession is immense and I didnt have help like many of my colleagues who had parents paying for their schooling, etc. I feel his pain but he needs to make more sacrifices and be smarter with his money. Those loan interest rates are ridiculous. I havent paid myself out of my practice for 2 years to pay down debt and am working on the side so as to provide for my family. We all make mistakes but we need to take responsibility and fix them.
@nhgriff14 жыл бұрын
The math is simple. If you can't afford the debt, choose another career!
@TheJeffdabomb4 жыл бұрын
Holy moly dude. I wish you best of luck on this huge task, and I admire your willingness to take responsibility for this. You can do this!
@chick-n-tatermelt62034 жыл бұрын
that’s tough my guy. keep your head up don’t give up. there are many more w the same story
@NegativeAccelerate4 жыл бұрын
Izzysmom no just get a free degree in Europe in a country with a super high minimum wage to rent ratio like Germany, Belgium Sweden Finland etc. European university’s are often taught in English so you wouldn’t wed to worry about that. I’m lucky that I live in Europe and I’d have to pay very little for university. Might move to the UK where salaries take into account student loan debt after my degree. In Germany you’d have to work 3 hours a week to pay for accommodation and the degree is free. You also do a work placement that can pay €50,000 a year with rent @3600 that counts as your degree. It’s very similar in other European countries.
@TB-rx1ue4 жыл бұрын
My heart goes out to you! You got this though. You are temporarily behind, but you’ll outpace the rest of us if you keep your head down :)
@MontgomeryMall9 ай бұрын
The orthodontist calling in to Dave Ramsey is Justin McDaniel DMD of Jacksonville, Florida Though he graduated with his bachelor degree debt-free, McDaniel finished dental school with “somewhere around $400,000” in loans that grew to around $600,000 by the time he went to school for orthodontia at a cost of $95,000 per year.
@jakeschneider21134 жыл бұрын
”I’m doing well” *next sentence* “I’m about 1,000,000 in student loan debt”
@jacobsnyder65914 жыл бұрын
Lol
@imluvinyourmum4 жыл бұрын
He's earning $200k working 3 days a week though lol, that's some juicy figures.
@hugolizardi14794 жыл бұрын
that's a great oxymoron lol
@hugolizardi14794 жыл бұрын
@@imluvinyourmum firefighters in CA make that too with substantially less schooling
@newchangeunlisted_viewer55944 жыл бұрын
@@hugolizardi1479 that's cap bro no wayy I wanna be a firefighter
@gamesofcontent4 жыл бұрын
me: *graduates with $25,000 in debt and an engineering degree* "I AM NEVER GOING TO FINANCIALLY RECOVER FROM THIS!" *see's this guy* "OH THANK GOD! At least I am not him." I have since paid the debt off. Since this video was posted, but I come back and watch this when ever I want to buy something I would have to finance.
@fortart65474 жыл бұрын
Bro juts invest in stocks and crpyto and real estate you don’t need a degree to be successful sooooo life choice baby
@joshuas38974 жыл бұрын
@@fortart6547 If it was that easy everyone would do it lol
@autumn_breeze6164 жыл бұрын
Compsci major looking at a prospective 40k of debt in a couple of years. This is some good perspective lol.
@bobobobobobobobobo93934 жыл бұрын
Joshua S it is that easy but people just go to college because of peer pressure
@church64574 жыл бұрын
@i Bee Amazin I think most of us feel better about our student loans after hearing this one--makes most 5 digit student loan debt amount seem like a cake walk in comparison.
@williamdemaray81035 жыл бұрын
When did it cost a million dollars to become a dentist
@roughsharkangular20345 жыл бұрын
WILLIAM DEMARAY As long as the option to get loans exists... Universities/colleges major income comes from these loans. If student loans ceased to exist then they would have to charge less for tuition otherwise everyone would stop applying for degrees. Thats what i think at least.
@insomthegreat5 жыл бұрын
Would have cost "him" twice as much to become a M.D.
@rybobuno5 жыл бұрын
WILLIAM DEMARAY it’s pretty insane but if he had undergraduate debt, then went to a private dental school (higher cost), and then went even further with a specialty it’s not really far fetched. I do wonder how much more debt he may be in because he said he just opened an office. Maybe he is counting the business loan in this million or maybe not.
@williamdemaray81035 жыл бұрын
I don't think he's telling the whole story
@harrisonwintergreen11475 жыл бұрын
lots of medical industries in the USA are basically cartels. schools and professional licensing agencies artificially restrict the supply to drive up salaries.
@mianaomipost988528 күн бұрын
This guys has officially motivated me to pay off every debt I have immediately‼️ He can’t even file bankruptcy like the rich who borrow and just don’t want to pay! 😰
@zachtaylor80824 жыл бұрын
Imagine if he paid all of that off and then the government did student loan forgiveness right after
@cutthechicken1943 жыл бұрын
😵😵😵😵😵
@Yugiboii3 жыл бұрын
Oof
@KG-ud9ki3 жыл бұрын
I would cry myself to sleep
@henleyl81023 жыл бұрын
😂😂😂😂
@swai983 жыл бұрын
Lol
@minuit63054 жыл бұрын
1M in student debt?? I didn't even know that was possible!!
@MadOrange6443 жыл бұрын
How did that happen
@mjwahba3 жыл бұрын
he’ll be making 500k+/ year in no time. If he works for 30 years, 15M is worth the 1M of debt. There’s a reason why dental schools feel like they can charge that much
@MadOrange6443 жыл бұрын
@@mjwahba Assuming he keeps his job for 30 years.
@gamerincorporated1543 жыл бұрын
Especially for an orthodontist
@mjwahba3 жыл бұрын
@@MadOrange644 he’s self employed .... has his own clinic, you think he’ll fire himself?
@DrBeauHightower2 жыл бұрын
5800 a month in interest????
@billymabum351410 ай бұрын
Land of the free
@muaythaiplaylist9 ай бұрын
@@billymabum3514the loaners are actually gonna lose money on him. After 25 years the loan is forgiven. So anything he hasn’t paid up until that point goes away. Still messed up but at least it won’t hit his credit
@earl121219 ай бұрын
@@billymabum3514Yeah but it kinda evens out with the massive incomes. USA people always seem like they're overpaid, but I understand due to the extremely high college cost 😅
@billymabum35149 ай бұрын
@@earl12121 that’s not true at all . That’s why most people struggle to pay off their debt
@Tehui19748 ай бұрын
Unfortunately, compounded interest works both ways.
@flaviogalasso12 күн бұрын
Ramsay lands it perfectly. You fasten your belt for a time, you live like a student, you rent like a student, you don't travel and nothing. No glamour, no glitter, just swallow it down until that debt stops being a behemoth.
@sarahpetersen65764 жыл бұрын
I wonder how this guy fared during the pandemic closures. I really hope he's doing ok.
@genwunner67834 жыл бұрын
No student loan interest for a few months so that's a plus
@f.-j.j.57384 жыл бұрын
And people still need healthcare
@student72594 жыл бұрын
News has come that he committed suicide
@whatevergoesforme51294 жыл бұрын
I have the same thoughts. The lockdowns are hurting almost every business.
@PCGonline4 жыл бұрын
@@student7259 thats the best way out. 60% of the time it works every time
@matthewlee48343 жыл бұрын
Major respect to all these callers for having the guts to be so vulnerable on-air. Hope this guy is doing better now, best of luck to him and everyone else in debt right now!
@BruceBaby052220083 жыл бұрын
They are hanging on by a thread! This is all they have left!
@PeakFilmClipz2 жыл бұрын
He definitely still in debt lol
@jomontanee2 жыл бұрын
I guess they have been through the stage of acceptance and despair so they decided to call.
@K20a3RSX Жыл бұрын
Dave ended up featuring him in a documentary on the student loan crisis. Seems like he’s chipping along.
@nrg1123 Жыл бұрын
I'd love to hear back from him now!
@JoseGonzalas4 жыл бұрын
That is straight up terrifying, I would be living in a van and eating rice, for real
@dekirkbride4 жыл бұрын
Nope... I’d just be living in a van down by the river.
@snowboard4244 жыл бұрын
@@dekirkbride I just want to let you know I appreciate your comment
@cbowser33 жыл бұрын
I would purchase a one way ticket to some African nation 😂
@adepejuful3 жыл бұрын
@@cbowser3 Welcome Home
@NickAndTech9 ай бұрын
Every call like this makes me that much happier that my $20k student loan debt led to a job where I made $55k-70k + benefits. I paid off the student loan in about 18 months.
@puppetmaster74798 ай бұрын
I have no college degree and I make 400 racks a year till I die
@wolfofdubai5 жыл бұрын
That is the biggest student loan debt I have ever seen. But there is always a way out - good luck!
@Alongebaby5 жыл бұрын
It just sucks....
@jerseynurse68785 жыл бұрын
Alongebaby - nah, it’s just stupid. No way getting that type of education should cost that much.
@wolfofdubai5 жыл бұрын
Alongebaby hundred percent!
@wolfofdubai5 жыл бұрын
Jersey nurse this is just crazy and usually only possible in US
@eppsislike5 жыл бұрын
Within a lifetime?
@Amandafromappalachia5 жыл бұрын
I cried when I paid off my $10k in student loans!!! I can't imagine the relief this guy will feel If he pays his off....
@pseudorealityisreal5 жыл бұрын
Hopes he is still alive by then
@FlamingoVlogs5 жыл бұрын
Chook P. Not to mention I do all my dental work in Mexico 🇲🇽 taking a flight ✈️ and getting in done in Mexico is cheaper than the US
@jesusbalderas3295 жыл бұрын
I cried when I completed my pension paperwork at 38. I'm free for life, greatest feeling in my life. My daughter is 13. she can have my 2 million in pension payments. God bless America.
@DiscoFang5 жыл бұрын
This guy will be earning $1m per year in less than 10 years.
@stereomaster42315 жыл бұрын
But he'll own a $750,000 house, be taking $10,000 vacations, have a boat, a vacation house. He'll be broke because he "deserves" all that good stuff
@Kiwikick2384 жыл бұрын
$5800 a month in interest ... where do you even start with paying your loan off
@jhoncena11114 жыл бұрын
If he can dump 15-20k/ month on his loan, he will eventually get somewhere.
@tasneemahmed58214 жыл бұрын
And that's why my religion prohibits interest.
@hmidouchboetekees53204 жыл бұрын
@@tasneemahmed5821 la ilaha illa allah
@onemore71084 жыл бұрын
@@tasneemahmed5821 very ironic that banks in Islamic countries replace the word "interest" with the word investment
@user-mj1fu8fe3m4 жыл бұрын
I can't breathe
@matthewseel5961 Жыл бұрын
This is why I don't trust all dentist's when they say you have a cavity.
@x9ii66 ай бұрын
😂
@curiouscat33844 ай бұрын
Oh this is nothing new! in 1973 I was told I had 5 cavities. I got a second opinion and had 1 cavity!
@Injeragumbo4 ай бұрын
They definitely lie to run up the bill and pay off their debt & machinery costs.
@P106344 ай бұрын
It’s a giant rigged system. Xrays you don’t need every 6 months, 5-10 cancer causing fillings at a time…Deep cleanings and on and on
@latifasaeed25469 күн бұрын
😂😂😂😂
@andrewgrant29483 жыл бұрын
Imagine still having a fiance after they find out you are $1M in debt...
@kasiwilliams59273 жыл бұрын
They must be in love I’ll run opposite direction if I was her.
@iamnottheone30203 жыл бұрын
I would not marry him just yet😉
@ddw-ge1ss3 жыл бұрын
Probably misheard him saying one million and thought he had that lol
@re90243 жыл бұрын
first thing I thought
@warikplaya3 жыл бұрын
It’s a huge loan, but the salary is solid, too. In 10 years, the loan will be gone and the salary will be like 400k+.
@robertwalker96795 жыл бұрын
These calls make me feel better about my situation.
@kotk055 жыл бұрын
I felt some relief when he said Orthodontist, some relief. Can you imagine if he said his major was "Undecided"
@ZeroBaller05 жыл бұрын
*Breathing heavily* D:
@canadianswordfight46095 жыл бұрын
He has his own office practice so his income could fluctuate which is even worse
@prateeksinha11765 жыл бұрын
Or anything with the term social or drama
@benjaminmendezz5 жыл бұрын
Left handed puppetry 😂
@canadianswordfight46095 жыл бұрын
Plus when he’s old and retired he won’t have a normal pension.
@lindanorton208811 ай бұрын
My dad in law was a perpetual student and took out 300,000 and lived off of disability and food stamps. His wife was allowed to finish her degree and get a teaching job. I don’t know how, they are not required to pay the loan back. For our government to allow that makes me angry.
@jellygurl274 жыл бұрын
When this makes your $50,000 student loan seem so small.
@micheline39544 жыл бұрын
I will not be complaining about my $16k student loan anymore
@mandystop10774 жыл бұрын
@@nunyabusiness1317 if your salary is 66k then why didn't u paid student loans?
@TienTran-qf9nu4 жыл бұрын
I'm sitting here at 0k cuz i never went to college.
@Wooperplus4 жыл бұрын
And this makes my $5000 student loan look like a microagression
@SS-ub9eg4 жыл бұрын
@@TienTran-qf9nu I’m thankful because my high school had an agreement with the community college to give students 2 years completely free!
@Oldnoname5 жыл бұрын
The fact this is even possible is what's wrong with america
@Sniffmesexy5 жыл бұрын
no name exactly
@LouisMihai5 жыл бұрын
This is what happens when the government gets involved with student loans
@gibble11765 жыл бұрын
We have to get the government out
@Calamity_Leo5 жыл бұрын
Yep
@kayw17715 жыл бұрын
Ok guys, get the government out of it...so that would take care of the federal student loans but what about the private loan companies? Lol
@Columbus11524 жыл бұрын
A friend of ours daughter went to school and got a four year arts degree, didn't do anything with that. Then she decided she wanted to be a lawyer, started law school and a few years later lost her enthusiasm for it and downgraded for a legal assistant. Didn't really like that and decided to become a physician's assistant, now she's losing enthusiasm for that and supposedly settling for an degree in nursing. I have no idea how much debt she's piled up, but before you buy that shiny new degree, be sure to know what it is you want to do or else you become a professional student and that pays nothing and costs you everything.
@MalloryMay4 жыл бұрын
Columbus1152 TRUTH.
@Ale5027034 жыл бұрын
Columbus1152 I still regret taking ONE class while in a business degree that is not useful for the current degree im working on. I cant imagine changing majors that many times... and i pay out of pocket, so no debt.
@hotman7184 жыл бұрын
What she's doing sounds incredibly dumb. That's great advice though, when you pursue a degree make sure you are certain you are making the right choice. Don't flip flop on what you want to do because education is very expensive.
@Columbus11524 жыл бұрын
@@hotman718 -Well educated but dumb
@farzana66764 жыл бұрын
@@Columbus1152 Imagine if education was free paid by government, what a burden professional students like her will be on society.
@AmandaHugenkiss291510 ай бұрын
This is an oldie but a good one. A lesson for students: be prudent about what you are borrowing, and pay the interest along the way to keep the balances from growing. My kids have loans and are still in school. I pay just the interest, and more when i can. We've already paid a few off. Your loan servicer shows you how much interest has accumulated and you can calculate it each month. At least pay that. Hopefully this guy made some progress during the COVID pause.
@bigd37215 жыл бұрын
A homeless man is more rich than him
@darkman355 жыл бұрын
Yes/no
@kabulbolan5 жыл бұрын
Homeless man makes $0. He makes $250k. I’m sure he can pay that off in about 5 yrs or even less
@bighands695 жыл бұрын
@@kabulbolan That guy will have a career lifetime earnings of about $10 million. How is a homeless person worth more than that? At some point down the line he will end up with a beautiful florida home with a nice big house and no mortgage. That million will be a distant dream.
@jared63615 жыл бұрын
@@kabulbolan no way in 5 years. 10 minimum
@gsaleen56445 жыл бұрын
probably happier !
@DJ_Force4 жыл бұрын
If he lives on $50k a year, he can put like $100k towards his loans ever year after taxes. 15 years or so later, he's out of student loans and making >$250k a year. I've heard sadder stories.
@jenniferwright83554 жыл бұрын
True. But that is 15 years of no nice house, no BMW, no keeping up with his colleagues, etc. What a test of will it will be.
@TIPTOESMOOTH4 жыл бұрын
@@jenniferwright8355 Agreed.
@jenniferwright83554 жыл бұрын
@Thelondonbadger Oof, don't tell me, I was the breadwinner and had to pay my ex support and alimony because he quit his job to get a PhD. :) A different story, though!
@kateymateymusic14 жыл бұрын
Yeah, I agree. If they live a minimalist lifestyle, they can do this. Once his own business is up and running properly he could double his income
@BeautyMommysUnite4 жыл бұрын
Not to mention hes probably already in his 30s, so by then he'll be getting towards retirement and will still not have anything in a 401k. He didn't go to school for dentistry only to live on 50k a year
@panhavornchhun19934 жыл бұрын
Just start over in another universe
@M234-g6e4 жыл бұрын
Pa Ct 😂
@nicoleaiken4 жыл бұрын
🤣🤣🤣
@AngelMartinez-xl3oi4 жыл бұрын
Lol it will follow him !!
@jerryrodgers50104 жыл бұрын
He'll have to go on a quest to get the time stone like Thanos did lol. In order to reverse this debt.
@mehdimirzai54054 жыл бұрын
Observer16 18 yes LOL.
@w1thjd10 ай бұрын
I owed 440k after dental school - no residency. My payment was 4500 a month for 25 years. I wasted 3 years trying to”income based” and trying to even mentally process the debt amount. Then I moved to rural area and lived on my husbands 60 k income and put my yearly 180k ( after tax) income all into the debt. And after 2 years i began to breathe a little. I still owe 60k though haha. My body aches from overworking past 7 years and i think i was suicidal every other month but i made it. Nobody understands this kind of debt - student loans go to grave with you and no bankruptcy. DONT GET INTO THIS KINDA DEBT. Being a doctor is not worth it because you will handle doctor level stress with NO gratification whatsoever.
@Trewq799 ай бұрын
Glad you're near the end of your loan! I'm a dentist myself; luckily total debt was $220,000. I plan on paying it off myself in the next about 6 months. Let's finish strong!
@w1thjd9 ай бұрын
@@Trewq79 220k is nothing! Idunno if you are a new grad but can do that in a year or two . Don’t listen to other ppl saying invest in your CE and office and pay off slow while maximizing. Yes, a good running practice will give you wealth but it takes YEARS to get there while ur interest doubles and triples. You can do all that more effectively AFTER you paid off your debt. Anyways I guess this July we shall have something to celebrate about 🍾🍾🍾🍾
@mosesking29235 ай бұрын
@@w1thjd With the cost of medical school being roughly 240K along with the cost of living that would include food, housing and amenities, 440K seems totally reasonable. However, the original caller’s 1 Million debt indicates that he went to an undergraduate college that was out of state, 60K a year. Sorry, but that is a financially stupid decision. Nobody should go out of state college for any reason whatsoever.
@dmitri23665 ай бұрын
Can almost garantee she will leave her husband when she gets out of debt 😂
@w1thjd5 ай бұрын
@@dmitri2366 well not everyone thinks like you.. we just had a baby post student debt and our marriage has never been stronger :)
@doubletrouble29104 жыл бұрын
This is why braces are so expensive. We’re paying off the dentist student loan debt.
@naomitorres18294 жыл бұрын
🤣
@imluvinyourmum4 жыл бұрын
I never feel sorry for the dentist. If I could give bills like that for working that amount of time I'd be walking around with a Mr Monopoly man hat.
@kawa17554 жыл бұрын
500 dollars in mexico just adjust them in the states.
@Vita-a-stelle-e-strisce4 жыл бұрын
That’s USA. So sad.
@imluvinyourmum4 жыл бұрын
@@Vita-a-stelle-e-strisce U have to get loans in most places, Australia, the UK for example. The quality plummets when it's all community college, no university in the top 100 is free.
@yasnyne3 жыл бұрын
And he has a brave fiancée as well. She is BRAVVEEEE
@milkboccle3 жыл бұрын
DONT MARRY INTO THE RESPONSIBILITY OF THE DEBT, INSANE
@SarahR2D23 жыл бұрын
@@milkboccle They don't get your debt
@innocentrage13 жыл бұрын
Stupid not brave. Shouldn't get married cuz his debt will be her debt
@aquacrimefighter23683 жыл бұрын
She sees a doctors salary. That’s all. And as a dental professional of many years, I have NEVER seen a doctors wife work in the office and have things go well.
@HectorLiev3 жыл бұрын
@@Jonathan-do4qb I think he is saying that the woman will make him pay the debt because females have privilege
@deerinheadlights97842 жыл бұрын
My sister went to dental school back on 2006 ish and had $500k debt after graduated. She lived *very* frugally and moved back in with our parents for a few years and drove a car from 1996 til it died to pay off her debt as fast as possible. Gave her so much stress.
@angelachanelhuang16512 жыл бұрын
omg
@markelraya10 Жыл бұрын
I guarantee you she still owes. 500k im 17 years would only knock off 30% of the loan depending on the payments. How is that even possible to have so much.
@hanshuber18758 ай бұрын
Wtf. what do you get for 500k? What did she paid for? Golden teeths for working? How long did she go to school? Im german and this is such a crazy number. No one ever, would give you so much here by us. Not for a degree. No matter what you are studying.
@oooBASTIooo8 ай бұрын
@@markelraya10You know nothing about her loan or her income, yet claim that she only paid 30% of it up to now... that's preposterous 😂 From what we hear, she lead a frugal life after graduating. It's likely paid off in full. Average students loan is at 6% p.a., so about 2,5k/month at the start of the payment period. If we assume she was able to pay 10k/month, it should have taken her about 5-7 years to pay it off!
@RiccardoCastelloАй бұрын
My father overtook my grandfather's company and tied himself to 4 millions of debt at 19 (my grandfather scammed my father essentially), and I was born right after he finished paying it. Growing up in that enviorment, I grew scared of money, I don't spend money on vacations, hobbies, clothes, or anything really even though I could.
@kris-yam75803 жыл бұрын
Brother when you come out of that debt don't ever let that women go she is the kind of sole mate 1 of a million.
@EB-gt1pq2 жыл бұрын
@Christi A No it sounds like he recognizes a good woman
@RepentImmediately Жыл бұрын
Men leave women like this because they secretly hate needing women's help and staying with her will be a constant reminder of this time in his life
@mccdrew70125 жыл бұрын
This is the closest I’ve ever seen Dave to being speechless
@RedTop-yo4ds4 жыл бұрын
You must not have seen the video about the lady with the child support question who had two kids with an abusive illegal guy. He was speachless for about two minutes.
@llamapartyy3 жыл бұрын
the fact that only 50 years ago, schools were relatively free to getting 1M in loans shows u how messed up the system is
@mairedaly49263 жыл бұрын
Indeed, I'm scandalized by this!!! This is the American Third level education system?? Broken... very broken system
@micheleh52693 жыл бұрын
Why do you have to pay for residency?
@kickandblock3 жыл бұрын
@@mairedaly4926 do not get it twisted, this is NOT normal. This dude is an absolute outlier
@BernardoMartinsMateus3 жыл бұрын
@@kickandblock 42.9 million Americans have student loan debt. Student loans are worth 1.57 trillion in the US, a world high... it's sad... that country has so many great things but the bad is so bad that it's just a wasted country imo
@hahalol1473 жыл бұрын
@Leonard Wolf ahh, just like healthcare, right?
@Jordan-vr3os Жыл бұрын
I saw this guy’s story in Borrowed Future. Really heartbreaking
@TheCookieFranco5 жыл бұрын
And I was over here stressing about paying $2,000 on a credit card!
@sarasarah34045 жыл бұрын
Me 2. My 3k line of credit
@TheCookieFranco5 жыл бұрын
sara Sarah I picked up a part time that I go to after my full-time job because of Dave. I should be done in a month.
@sarasarah34045 жыл бұрын
@@TheCookieFranco with my mortgage, utilities, car payment, insurance etc I will probably be done in 3-4 months. I work 2 jobs too. Its hard to get lots of hrs at second job
@TheCookieFranco5 жыл бұрын
sara Sarah I work at Round1 part-time. They’re open from 10 AM to 2 AM. I’m getting about 30 hours a week from them.
@WoohSteezy5 жыл бұрын
I’m trying to repay $500
@justinc.33853 жыл бұрын
This is the issue with the government backing these loans, no reason for someone to be able to take this amount out before they graduate.
@monicasmith21483 жыл бұрын
Yes! So few people point this out, and want to blame the borrower. Yes, they took out the money, but he is just trying to improve his life. The lenders take advantage of this, and end up making slaves out of us. Can’t get a mortgage for $1,000,000 with his salary, but can definitely buy his way into indentured servitude to the banks and U.S. govt.
@MK_ULTRA4203 жыл бұрын
@@monicasmith2148 That's because debt is how the ruling class intends to re-establish slavery and undo the Magna Carta, the document that outlines western rule of law and human rights. I thought this before hearing about The Great Reset (before it was the Green New Deal and A Just Society) but after hearing about that I'm now sure it's intended to become the new reality.
@SBTrading-c7v3 жыл бұрын
@@MK_ULTRA420 blew it out of proportions.
@maliamalis63893 жыл бұрын
Here in the U.K. they give u based in your home income and it’s really difficult to take out more
@MK_ULTRA4203 жыл бұрын
@@SBTrading-c7v You said all those words to say nothing at all...
@AdamTVi3 жыл бұрын
How can you go 1 mln in student debts? Did he switched studies multiple times or what?
@flightevolution81323 жыл бұрын
No, it's actually remarkably common for orthodontists because they have to pay for residency +.
@Trewq793 жыл бұрын
Professional school is pretty expensive. I went to an in state dental school, and had 220k in debt. I would NEVER go out of state, those are around 400k-600k. So this guy likely went out of state, then went to an ortho residency that charged another few hundred thousand. Add up the interest from his dental school during his 2.5 years residency, and yeah it's 1 million. In his defense, he should be making at least 350k/yr, but that's still a lot of debt that's going to cost him.
@BoodskiBro3 жыл бұрын
@@Trewq79 if he and his partner can knuckle down and live off very little for 5 years, then they'll smash it. Then hopefully that's practise for saving up and building a nest egg
@Trewq793 жыл бұрын
@@QuixoticPenguin True, a million is rough. But assuming it's a 10 yr loan which is common, that's like 140k a year if you take interest into account. With a 350k salary, you still have 210k to spend a year.....not too shabby. Granted, I'd try and pay the debts off faster than 10 years. But tbh, the amount of debt isn't as devastating depending on what you do. Technically, I'm 1 million in debt, but I own a practice and should be able to pay it off and live just fine.
@danreed97873 жыл бұрын
@@Trewq79 I’m assuming that 350k salary is pre tax which depending on that state would cut that salary in half. Not counting deductions.
@haneesha1233 ай бұрын
$1mill for a dentistry degree. 😮 No wonder USA healthcare expenses are crazy. I don’t deny that the care is good. Now people know it’s the education system that’s broken and that snowballs into healthcare bills.
@kenaddoh46935 жыл бұрын
This illustrates the difference between wisdom and intelligence.
@letskeepfighting19865 жыл бұрын
@Joe H Sets back a lot of goals, awhile paying away at the debt..being a homeowner, welcoming a child, and putting more into retirement.
@kenaddoh46935 жыл бұрын
Joe H , yes, he definitely has a big shovel to clear up this mess, however, this massive debt has placed a huge risk on his financial future not to mention his ability to respond to life’s unforeseen problems such as illness and divorce....Dave’s overarching message is the idea of “financial peace”. Unfortunately, this person will not have peace of mind until his debts are paid off.
@AmandaHugenkiss29155 жыл бұрын
He and the wife can buy a little house in an OK neighborhood, drive two older cars, and live on, say, 60-70k income or less, and the rest goes to the debt. Paid off in 10 years max. Could be less as the income increases. Reality will be a huge house, two Benz's in the driveway, and it will never get paid off.
@JF323044 жыл бұрын
But when you have both .. You're lethal!
@rufdymond4 жыл бұрын
I’m confused - coming from the U.K. - was this guy reckless or is that how much it costs to get educated in his field...also your student loans sound like they are structured as proper debt. In the U.K. student loans are structured like a tax - you only begin paying back the loan if you earn more than £25,750 - so if you earned £28,750 you would be eligible to pay back the difference for that year £3,000. The loans over here are also capped - the most you could possibly borrow for 1 academic year in £17,533 or £52,659 for a 3 year degree however £27,750 of that would go directly to the university for tuition fees - the most a U.K. citizen will pay in tuition fees for one year is £9,250 (that amount is also means tested) Also anything not payed off after 30 years is written off. If you guys are paying so much to go to school is it even worth doing some degrees that don’t lead to high paying jobs.
@MrDroid05183 жыл бұрын
Imagine having to become a millionaire just to break even. Edit- Wow i've never gotten this many likes before thanks!
@Flame15003 жыл бұрын
and he needs to make that in a month or else he still doesn’t break even
@WGHpanic3 жыл бұрын
That's Usury for you.
@Tigersfan8293 жыл бұрын
Not quite with interest 😐
@iamnottheone30203 жыл бұрын
I’d be Terrified with that much debt
@wanefelicia87793 жыл бұрын
U got a lot of likes consider yourself a winner in life bro 🤣🤣🤣🤣✊
@Jamaal2255 жыл бұрын
Sally Mae: when can we expect payment Me: you can expect payment whenever you want. Getting it is a whole another Story😂
@samr96225 жыл бұрын
I know that’s right 😂😂😂
@Zmurf_Turf5 жыл бұрын
On me bro lol
@juniordunkley52985 жыл бұрын
As s foreign to conclusion that the United States is in sever trouble ax s nation the levels of student,autio,medical ,credit card debt is appalling this society is totally bankrupt how this country considers itself a superpower is a joke China has replaced the USA as the premier power what s joke country
@BogusJesus5 жыл бұрын
@@juniordunkley5298 , the day of reckoning is near.
@pegasus88735 жыл бұрын
Sammy Sosa But that’s what you agreed to!
@Lebanna212110 ай бұрын
How can becoming an orthodontist cost $1000000?
@ohart56423 жыл бұрын
My mum always said when you're in good health that's happiness and when you have no debt, that's wealth. It will be an uphill battle for him for years.
@dannybutler82923 жыл бұрын
I love that
@mandalahigherplanes90442 жыл бұрын
Very true. Gotta find your “center”. No one’s going to show that to you. Master your mind.
@Vinusarda Жыл бұрын
Its also an Indian philosophy.
@jayslayzz99783 жыл бұрын
I was so stressed for being $30k in debt, but man do I feel better! The good thing is that this gentleman has high income potential! Good luck to him.
@williambenefiel49253 жыл бұрын
Hello Mario, I got in touch with Gina@creditmasterfixllc-com and she helped me
@braskabani80112 жыл бұрын
@Sayin wat This is how humans act. They feel better when others are worst than them.
@nester13702 жыл бұрын
Don’t get prideful… you’re still in debt
@NataliaDiazJackson2 жыл бұрын
ha ha! Totally! so scary
@thedon897 Жыл бұрын
30k is nothing lol
@NitroModelsAndComics4 жыл бұрын
1 Mil to be an Orthodontist? Where did he go to school? The MOON?
@weirdo10604 жыл бұрын
Robert Frias Probably a private school and he may be including his undergraduate student debt
@bernitaldown91364 жыл бұрын
The School of Hardous knocks.
@odettemelendez91644 жыл бұрын
weirdo1060 is
@charitycurtis63364 жыл бұрын
if i had gone to medical school which was the plan i would be in over 600k in student loan debt.
@NitroModelsAndComics4 жыл бұрын
@@charitycurtis6336 WOW! Glad I learned to work on vehicles and not people.