I'm 29 Years Old With Nearly $1,000,000 In Debt!

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[@alimajrashi8094]

Ali was

[@Josh-vc8lr]

I like how he almost lost it when she said she works for the government haha

[@dcabral00]

Hi Mr. Ramsey. I feel like I am in the worst situation. I don't have this any debt, but I am 45 Years old, with 29k in savings, making 56k a year, but living in NYC where I can't find an apartment to live by myself, and I desperately want to. Right now, I live with my mother, who is a horrible hoarder, and overall a terrible person. I am dying emotionally, mentally, and spiritually living with her.

[@tjw1861]

D Cabral if you are single you can’t try share accomodation for a while?

[@jaybrown3953]

Stopped watching dave, 15 second commercials I can live without

[@nextari]

The homeless guy on their corner is $1 Million Dollars richer than they are.

[@ItzCharlemagne]

Debt has nothing to do with net worth... a lot of people who work in real estate have a lot of debt but they pay each month and make cash flow on that debt. It’s called leveraging. People make debt seem bad but it’s not as long as you reach the monthly minimum and if you’re paying your mortgages.

[@nextari]

@@ItzCharlemagne did you even watch the video? 800k in non-mortgage debt. insane.

[@ItzCharlemagne]

nextari Ik but I was making a point about leveraging debt I’m not disagreeing with you.

[@quotenfisch1433]

@@ItzCharlemagne Your response still was completely out of context :D

[@ItzCharlemagne]

Quotenfisch it’s not out of context text.. anyone in real estate would complete understand how money really works.

[@sean3533]

Remember, these are the people we look at and say "I wish I had their car, job, house etc". Don't envy before we know the whole story.

[@annonymsurfer3189]

Because there are no rich people that are wise enough to not be in debt?

[@sean3533]

@@annonymsurfer3189 Those exist also. I'm just saying going into debt to match your neighbors apparent level of wealth is silly.

[@annonymsurfer3189]

Agreed.

[@greenAbbot]

Yuan Gan, I don't really know what "most" people do, but it's not exactly a random sampling of people who call into a financial advice talk show for advice. "Hey Dave, I have no debt and $2 mil and I'm trying to decide whether I can buy a sandwich."

[@phoenixcoleman7777]

Oh I love my position over these lecture bums

[@judsonkr]

She hung up and immediately called a Bankruptcy Attorney. There is no chance that she is going to do what needs to be done. No chance.

[@albismejia29]

The easy way will not help. It's changing their mindset.

[@moderndesigncarpentry8055]

They still have the 330k in student loans. Not bankruptable

[@jgyrwa]

Agreed. Since that’s her “ first baby”. She most likely called Dave, because her husband mention letting things go, and she didn’t agree. You will listen to Dave, but not your husband. A women in debt, tells me everything I need to know about her decision making skills. Don’t save her, she don’t want to be saved!!

[@thelastfreshwaterfish]

@@jgyrwa I don't like that I like this comment, but it speaks to me, because I've been living through this exact nightmare. LPT: Don't let your spouse or significant other torpedo your credit score. Sometimes, seemingly normal people never learned financial responsibility and feel a weird compulsion to buy way more things than they can afford. Fine when it's just you ruining your own finances, but add a SO, and a kid or two, and it becomes a real disaster, and even worse divorce. IDK why people have to just buy shit they can't afford on purpose. Insane.

[@dpdip]

I agree with your comment in regards to how the plan Mr. Ramsey laid out in this video will most likely not be followed by this woman and her husband. But as far as I know, unless it's been changed recently, you cannot default on government-funded student loans. So their largest obstacle, the $335,000, which is an insane number for a couple who ended up with government jobs, is unable to be defaulted on. The student loans are one thing, but in my opinion, what really proves your comment right is the six-figure credit card debt because that shows a total lack of self-control. What could they have been spending that money on?

[@earthling1984]

Wow. This call is the example of "buy whatever I want with credit and debt and worry about it later". 1 million by 30ish? Crazy.

[@DTMJR1987]

I did that with $10k in my early 20's and thought the world was ending. Starting at $1mil in high interest debt at 30 is pathetic though; hard to feel any sympathy at all.

[@edkennedy7952]

Suddenly my financial situation is ok.

[@AprilMay.2023]

Same here...

[@kalanix51]

Yup I’m feeling good right now haha

[@ErrorPagenotFound-ig1cy]

Ed Kennedy hahahahahaha

[@infinite_1301]

Right lol!!

[@antdx316]

same, but if we are factor in.... nvm

[@JB-tr2un]

They're negative millionaires.

[@thegolfbois1350]

J B 😂😂😂😂

[@cyndidoll1896]

🤣🤣🤣😭

[@Kado_Tornado]

They’re erianoillims!

[@djoumaydorlean6372]

😫😫😁

[@eddyvideostar]

JB: No they're not: They still have their high degrees, their house, new car, jobs, and a full belly, and lots of time to pay it off in dribs and drabs. At this moment, they are N millionaires, and the N doesn't stand for negative!!

[@jasoncoomer1226]

Caller: We are bad with money Dave: Where do you work? Caller: For the government *Everything now makes sense*

[@awalker8371]

That’s me 😩

[@ashleenicole71]

😂😂😂😂yup

[@JagVentures]

I’m British and I totally agree with this 😂

[@mikepga1]

😂

[@chrisbennett2374]

😂😂😂

[@goldengep]

I'm 29 and I couldn't imagine myself screwing my life up that badly.

[@6ohTreez]

Whenever I feel poor I just watch videos like these

[@kidneycarecoaching3766]

seth 603 me too, Wow I feel so smart...

[@ItsJustEric1]

Omg it really does make you feel better 😂

[@JulioCNY]

@@kidneycarecoaching3766 me too

[@JulioCNY]

@@ItsJustEric1 agreed

[@bannerrj41]

seth 603 I couldn’t say it any better

[@rippedreaper7279]

If I ever owed $1 million, I'm booking me a one way flight to Afghanistan and hiding in the caves with the Taliban.

[@reinhart482]

The entire military base will be laughing when they hear this ^ prisoner's story!!! :)

[@carlitot5388]

😂😂😂😂ctfu funny man

[@kdkdk6292]

Come to Ghana instead. You'll live in luxury till you die

[@LiveLaughLove1101]

😂🤣😂🤣🤣

[@thekulture5168]

🤣🤣🤣🤣🤣🤣🤣🤣🤣

[@pkjohnston]

Over $300k in student debt? An expensive lesson that "higher education" is too often a rip-off, not an "investment".

[@coldorange5]

they make $230k. Its not even the student loans at this point

[@kingprone7846]

@@coldorange5 300k in student debt for 230k sounds like a good deal. its not the reason they have so much debt.... the 300k in student debt and resulting education and salary is the reason they are able to pay the rest off without filing for bancruptcy.

[@d3r3kyasmar]

Made me realize my financial situation is actually not a problem at all. I am not a millionaire. I dont earn millions. But I have a decent job and I am thankful of my salary. I also do not have any debt. I dont own a home. I rent an apartment. But i am happy and thankful where i live.

[@StarxPlayz7]

You should,even being healthy is a blessed.stay away from debt,I meet a lot of people live their life like a zombie because of debt.

[@itsmercyylol]

god bless u and all u guys

[@coldflu]

No debt, word up! Having a job is not anyone's life's goal, its your government's. Our role is to invent, to innovate new technologies so we all don't have to work so much. However, we find ourselves today ignoring invented technologies over ridiculous ancient rituals.

[@RubbelisPro]

Living below your means is all that matters. A home is great for building equity but along with it comes maintenance and property taxes. You factor those in, especially if you're a younger person, owning a home makes 0 sense until you can afford it outright. Keep doing you dude, I'm in the same boat only 30k in student loans left, if I play my cards right and make $600 towards it each month, I'll be clean by the time I'm 30. Thinking about moving into a cheaper apartment next so I can allocate more money towards getting out of student loan debt. No credit card, bank is a block away. Life is good.

[@jahzielcedillo1980]

Only debt I have is my work truck. That gets paid by my business. I live very simple. This is my best year financially. I stopped spending money on unnecessary things.

[@arshiyaa5765]

I wish they had a "Where are they now" segment.

[@cristianruano8678]

The world may never know...

[@Omikoshi78]

My money is on bankruptcy followed by a divorce. It requires a ton of discipline to downgrade ones lifestyle. If they obliviously accumulated 1million in debt at 29, they have a problems that transcend finance that they need to work through first. Eg therapy.

[@JK20239]

@@Omikoshi78 they still have 335k in student loans. Cant discharge those in bankruptcy....lol

[@janisianjusino9961]

@@JK20239 I just got my bankruptcy discharged and my student loan got erased

[@clublulu399]

I know. I have a feeling they stuck to it for a while, but tripped and fell into an even deeper sinkhole. 2 mil.

[@TheCheweeRevolutions]

Imagine having to make a million in order to become broke

[@edkennedy7952]

lol, don't get any "smarter" than that!

[@Patchuchan]

More than that the interest on student loans can be worse than what you'd typically see on a home or car loan.

[@NoellaNix]

Thats so sad. . And i thought my 5k debt was horrific

[@rkalla]

LOL well put - that's insane.

[@FirstnameLastname-zh9hd]

@@NoellaNix hahaha I hear that. I'm sitting here thinking my $3k debt is unacceptable 😂

[@Jch833]

She’s got an advance degree…In policy… sooo she makes policies that impact OUR lives. And she’s a million in debt. Absolutely disgusting and infuriating.

[@bethsheba7]

Yep.

[@Whiskerman]

She doesn’t make policies unless she’s in congress.

[@bethantal2149]

She is a symptom of what's wrong with our government and our nation.

[@joe92]

@@Whiskerman Baloney. There are tons of regulating agencies that write policy every day that have no elected officials running them.

[@Melody-285]

Typical government employees

[@maryallen1017]

I watched this again for the second time. This was 4 years ago. I truly hope this couple made it through their marriage while getting out of all that debt. I can't even imagine starting a new marriage life with all that debt. Stressful to the Max! I hope they took your advice Dave. You were very kind to her.

[@dianajimenez3337]

If I had to bet I’d say they filed for bankruptcy. This is a HUGE lifestyle change, I kinda don’t they made it

[@sixteen.candles.4644]

If im ever 1 million in debt.. Im faking my own death.

[@Doriesep6622]

Mine won't be fake.

[@JessicaHicks]

I’d have to have a trillion dollar income

[@EastCoastReefer]

Mine won't be fake either. My wife (and kids) will keep it real.

[@vwalker58]

😂😂

[@dishappywithlife2556]

Lol 😂

[@Lojickz]

We’re all trying to get to $1 million for retirement. Imagine having to accumulate that much just to get back to 0.

[@michellerichardson3090]

For real. I haven't even made a million throughout all the years of me working

[@scottmorgan5419]

Amazing

[@hassu2149]

I'm gonna faint

[@pascalg1656]

Just $1m?

[@jar7636]

You can't retire on $1M

[@metaltera86]

This is basically the most popular Ramsey video and caller. I would love to hear a follow up on this call. I truly hope this couple followed Dave’s advice

[@Trev_Swen]

And I thought my credit card of 3,500.00 was hard to pay off. Good luck to these young couple. Hope you two are able to come on top 🙏

[@Already100]

Right me too😂🎉😅

[@michaelcarlson1208]

Did you pay off your 3,500.00 credit card debt?

[@quinnettsooreal3169]

Same😫whew!

[@lucrichard3662]

The worst part is it is... I'm living no lifestyle making decent pay and I've only paid 3200, about 1/4 of the way there.

[@abigailloar956]

Right? I was mad mine got up to$800

[@corygall2340]

I only have 5 $ dollars to my name and am still richer

[@investmentfuturefinances5527]

😯

[@pamelacarney4595]

😎

[@MoneyMan28]

you don't make $230k per year

[@TheKillLeader]

Money guy ironic that your name is ‘Money Guy’.

[@hillary96renteria82]

Money guy I doesn’t matter. They owe MORE that their entire yearly income

[@nio731]

Lesson for everyone; education is not the same as intelligence

[@dr.bradshaw]

You don’t even need to be intelligent to know their decisions were completely insane.

[@MarionetteMuse]

Amen!

[@LeadMunitions]

Well said!

[@nathanmusic5657]

Lesson is degrees don’t mean anything

[@MikaelMikaelMikael]

No, you have it wrong. Intelligence and managing your money are two completely separate things.

[@d00ks]

I’m 42 and 55 K in debt. She makes me feel I’m doing pretty good lol

[@SawyersLight]

We need an update now in 2023!

[@rob879]

An MBA that walks around with $100k credit card debt. These are the same types of people who say anyone who doesn't have a college education is an idiot.

[@ExperiencedGhost]

true... very true.

[@thecastle09]

and they hate the potus,.....lol

[@Chelle-kd1po]

Thank you! I was thinking the same thing. She loved saying, "We both have ADVANCED DEGREES..."

[@night2102]

I have an MBA and don't act as they do. I also do not have any debt.

[@mrgallbladder]

They also make our policy, which is the scariest part.

[@amandav8112]

This is the scariest show I have ever seen in my life

[@georgeross6304]

scariest? Really?If you are in Washington DC circle, you will know a lot of people like this.

[@dondressel4802]

Yes but it always makes you feel better about your own situation

[@shazz286]

This is my financial Jerry Springer

[@52andattitude48]

shazz286 Well put!

[@pkal244]

@@georgeross6304 agreed. DC is a fairly small city surrounded by vanilla suburban sprawl. It's small enough where there's a "keep up with the Jones'" mentality, more than you would think compared to bigger cities. I tried living there for a year and a half early in my career and met tons of people like the couple above. Nice enough locals but I was bored out of my mind.

[@CianMcsweeney]

anyone else watch these to feel better about their own finances? Really makes you appreciate having zero debt

[@Jo_240]

I’m poor but owe nothing to anyone

[@Polarskates]

Sounds rich to me

[@billjones4986]

Borrow money enjoy life!

[@sebd9690]

Same! Hard to accumulate savings, but 0$ in debts since January of this year and just entering my 30s

[@eyobbaissa6759]

I only have $9 in my bank account, I never felt richer😂

[@Ade_A]

😂😅

[@itsrocketscience7693]

A million and 9 bucks richer than that couple

[@marimarkfrugaltips]

😂😂😂

[@packratswhatif.3990]

Yeah, why is being rich so important to all of us? Being neutral in wealth is not such a bad way to live. If I won 1 million, I think I would give most of it way to make me feel better about myself.

[@thepassingpawn]

once you go rich you won't go back

[@cr7neymar908]

funny how society will see them as educated because of their degrees yet they are dumb enough to have 100k+ credit card debt

[@MikeJones-vm2hn]

Or they have never learnt/been taught how to manage money?

[@WorldFunCA]

@@MikeJones-vm2hn well with an MBA he definitely knows how to manage finances on a corporate level.. so it's not a knowledge problem it's a failure to transfer theoretical knowledge into a practical use

[@Caliboyt21]

People aren’t perfect. We all make mistakes.

[@MikeJones-vm2hn]

WorldFunCA Or his MBA could have specialised in marketing, technology management, operations? Not all MBA qualifications specialise in finance. In fact the majority don’t.

[@cr7neymar908]

@@MikeJones-vm2hn you don't need a degree that specializes in finance to prevent going 100k in credit card debt

[@jennlowetherapy]

Remember when we used to watch Hoarders, and afterward we looked around our house and thought. HEY, this place isn't so bad. Yeah, this call is kinda like that.

[@CallMeCoachWalker]

Thank you, Channing for calling in. Your debt situation gave me hope for mine 😮‍💨

[@johnsnowwww]

My $20k student debt seems like a blessing now

[@cocomarineblu993]

Same

[@yekaneast]

My 30k in student loan debt sounds like a slightly worse blessing, but still a blessing.

[@quelquun2018]

@@yekaneast what did you major in?

[@yekaneast]

@@quelquun2018 Business, like an idiot. Currently self learning to program.

[@tiktokbbyy3825]

Glitch Modulator ouches

[@rickvangils100]

Imagine having a MBA and not even being able to get your own household finances under control.

[@haute03]

As someone who has an MBA I agree. This is baffling.

[@supermodelatlanta1354]

Smf 🙄🙄🙄

[@kevmoful]

Exactly my first thought

[@paulfroelich1024]

On the other hand, the contractor's house is always the worst kept on the block.

[@brandiphillips5775]

I'd move to another country. 😂 Nightmare. She is gonna stay broke

[@solomon5376]

" Don't go to restaurant unless you work there!"

[@Patriciacraig599]

These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.

[@BenjaminMcLeod815]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

[@Robertgriffinne]

true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from 275k to approx. 850k so far.

[@sheltonPston]

Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.

[@Robertgriffinne]

Cant reveal much info, KATHRYN ALETHE HALL is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.

[@sheltonPston]

I just checked her out and I have sent her an email. I hope she gets back to me soon.

[@johnnyle648]

Her voice just sounds expensive lol

[@tmoney444]

😂😂😂 facts

[@familypc8348]

😂😂😂

[@constantravens4800]

Lol well said

[@ZammyJ]

🤣🤣🤣

[@hockeyj1374]

😂😂😂😂 your right

[@Romanellochw]

If you are 32 with an MBA and 1m in debt you should be required to disclose that to potential clients. Thats frightening.

[@yemialemu9902]

🤣🤣🤣I agree!🤭🤭

[@Milo19970]

That's why people should learn everything about a service they need themselves as much as possible. In every profession you have people setting you up for failure. I would even go as far to when you need to go to the doctor make sure you know how the body works we are told that doctors know everything. My passion is health and optimization so I didn't mind learning but there have been a few times where I had to tell the doctor that so and so was wrong and or I needed a different test. If I didn't knew better I probably would've gone back and forth between different doctors to try and find an issue wich means perhaps hundreds of dollars thrown away.

[@nextari]

whatever "disbarred" is in the business world is more appropriate. Imagine trusting such a person to "help" you...frightening.

[@bimbop7693]

That's why she's desperate to not file for bankruptcy. If you're an accountant and file for bankruptcy, good luck ever finding work again.

[@MarionetteMuse]

@@dougnardecchia7701 So true. Inflated grades from nonsense "universities" that put morons in grad school to rack up hundreds of thousands of dollars in debt. So stupid. I have an "advanced degree" and have zero student loans because I got scholarships!

[@kiphenrie2291]

We have been following his plan for over 15 years. Never looked back. Thanks Dave.

[@user-wj4oc9bw7g]

Hats off to these people for actually calling in

[@MATHEW94061]

This couple is Perfect for each other! Imagine if they had married somebody else and destroyed that persons life

[@alex73217]

Yes. I fully agree.

[@JB-kx9bx]

I'm very lucky I married an engineer with no debt.

[@etchosts8162]

😂😂😂😂

[@bellaw.8630]

😂😂😂😂😂

[@sarahszss]

How do you end up with 100k+ of credit card debt....... I pay it off every month!!!

[@hj-mh1ge]

Omgggg how do you sleep at night knowing your 1,000,000 dollars in debt at 29 years old???? I can’t breathe

[@candicewilson2703]

Right!!? 😳😱 This is honestly one of the saddest things I have ever heard! We are a family of 5 living off $35,000. The only "debt" we have is our mortgage which we are actively working on paying off.

[@haroldmccarthy8382]

hahahah!

[@stevenlee5146]

You Americans have it easy.

[@stevenlee5146]

I’m saying that because in Australia especially Sydney/Melbourne having near $1m I’m debt just on mortgage repayments is quite normal. America real estate prices are dirt cheap.

[@chitraray6337]

@@candicewilson2703 find a rich guy lol

[@hejira11]

Love, love, love Dave Ramsey and his advice!!!

[@sulutimmy]

One of Dave’s best vids.

[@mohnjayer]

My dude has an MBA and $136,000 in credit card debt. Where did he get that MBA from? Clown college?

[@bill1682]

Commenter McCommentFace 😂

[@sandyxloredo]

Comment of the year 😂😂

[@Jj-uw3ck]

That’s what happens when u just don’t care now he’s married and reality is setting in. They need to follow his advice. ASAP

[@Kells7928]

😂😂😂😂

[@antoniorenteria2896]

clowns arent this financially irresponsible

[@tb11212]

I have $900 in credit card debt and that stresses me out...

[@maizeni7817]

Lol, that's nothing. 😂

[@zanezaffino6636]

tb11212 I have 200$ in credit card debt and that stresses me out

[@roxaneadams6723]

I have 2600 and I feel the same. 😓

[@MSupreme7]

4k in debt, about to graduate in Business administration. Il pay it off in no time

[@cesarchavez507]

Victor Jasso esos todo mi victor

[@dlew5654]

Employed in public policy…. Think about that.

[@adamchaifetz5876]

I love the way Mr. Ramsey is so courteous when telling people how stupid they are. Seriously, how do people buy things without any money? Why would anyone want that kind of stress?

[@corybuffaloe5713]

I'm 28, make $40k a year, live in a one bedroom apartment, and drive a 15 year old acura. I'm also debt free and have been investing for four years. I'll be honest, this made me feel a lot better about my less than glamorous life.

[@jigsaw2253]

Cory Buffaloe what did you sturdy or what is your occupation

[@xhorizon1976]

@JJoe If you become a scientist, you won't have to worry about those problems.

[@Aperez78]

Im in the same situation. 24 Years Old, 68k Salary as a Software Developer, renting a bedroom and driving my 06 Suzuki Forenza that i work on and upkeep myself with no Debt and B.S. in Computer Science. Always lived in a Poor to Low mid-income family and i'm use to having nothing glamorous which leave rooms to save and generate a higher income with more experience as my goal.

[@kaim1810]

Kudos to you.

[@dylon537]

Same! I'm 24 and have close to 50k in the bank, and just bought my first Condo. I really don't care if I drive a car that's from 2005, I don't care if I don't have the latest model of phone, I don't care if I don't have the best of the best of anything. But at least I can put my head on the pillow at night and fall right to sleep without the feeling of shame and guilt on myself from being in debt.

[@a.h.2667]

They probably paid thousands for their wedding too.

[@justin15157]

Probably. I'd have a max range of $5k-$6k in my opinion

[@livinglifecustom4558]

I think the same.... i would have scrapped the entire wedding/ push it back to a later date / got married without the huge costs (few witnesses).. but sad part is, society would make everyone believe you need a fairy-tale wedding or else its not a proper marriage : (

[@interceptingfist5682]

@@justin15157 just go to the court. What's the point in spending thousands

[@justin15157]

@@interceptingfist5682 because it's still a wedding and worth celebrating. And I'm a faithful catholic, we don't do courthouses

[@fhuber7507]

Their wedding is probably the CC debt.

[@captainz454]

I WANT TO KNOW HOW THE F&@CK DID THEY GET APPROVED FOR A LOAN FOR A HOUSE?!!!

[@jamiemckendry8035]

Holy Faaaack!!!! I remember going bankrupt at 34 and saying to myself if I ever get out of this situation ill never allow this to happen again.. The next day I got SERIOUS and learned to SACRIFICE.... Im now 45 years old and ive saved $500,000, own my own house and have zero financial worries.... I promised myself id NEVER go down that path again... Lesson learned... Live with what you need, not what you want.... Reward yourself every now and then but dont do stupid shit.

[@harrisonwintergreen1147]

advanced degree in government policy and spending far more than they earn. How fitting.

[@Answers721]

She should run for Congress.

[@mickyunit]

I hope they don't wiggle into political positions 😒

[@poodlegirl55]

They found the right career lol!!

[@mr.richard3109]

comment of the year 😂😂

[@bigdogboos1]

i'm surprised he didn't say something about that irony haha

[@stevespeed2000]

"Well he's 32" - Dave's Face is priceless.

[@byanymeans214]

💀😂

[@MilkPudding]

I laughed so hard

[@randyrawdingii5135]

I rewound that part 3x. HAHAHA

[@BishezicespiceFAN]

😅😅😅

[@user-hd8ej8yx9p]

1:57

[@demonslayer5613]

100k in credit card debt is outrageous wtf are you buying

[@heatherlukhard9505]

"You're going to have basic internet & no streaming services. You're going to be getting a library card & reading eBook loans from your library in spare time. That means no Spotify, Apple Music, Amazon Prime deliveries, etc. And you're going to be learning to coupon & cook meals, dinners, lunches. And you're gonna need a burner phone." She's 29 & that's not a detox her generation can do. Us Gen X kids had no cable & no cellphone.

[@nultymusic7758]

Finance degrees and $1,000,000 of debt. Anyone else see the irony?

[@MsSmashone]

NultyMusic pretty stupid I’d say but fits right in to working with the government

[@mikeyellen362]

2:15 Face palm

[@JJ38255]

So they got a finance degree for what? Not to apply it to real life finances, obviously. Lol

[@thegirlwhoatepearls]

She said “advanced” degrees.

[@nultymusic7758]

@@thegirlwhoatepearls that makes it worth the money

[@I_am_milan]

She's pretty calm & cheerful for someone who's 1 million in the hole.

[@biggamer8655]

She has no idea how serious her problem is, when her looks fade as she ages and she has this mountain of debt, and possibly have kids in the mix she's going to be smacked with a huge dose of reality.

[@michellerichardson3090]

She doesn't realize how bad it is

[@nextari]

it's called total denial, her personality reeks of it, it's the only way to get into this situation.

[@Okshake]

Probably all the Adderall she popped before the phone call

[@sammyjr6989]

She has a simp.

[@scottymaczayda9531]

Sad how human happines and health revolve around a currency.

[@annebella8851]

Many people venture into businesses and |nvestment to be wealthy, meanwhile I just want to be debt free.

[@kelvinmcdonald5113]

I'm enjoying working under a platform that brings good returns in my life and I've been making my weekly returns without stress all in crypt0

[@stevewilliams760]

Crypt currency will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my investment

[@leonnoble8164]

Investments are stepping stones to success, investing is is what create wealth.

[@haydencraig7149]

I'm shocked someone mentioned Anna Wilson of UCLA Anderson financial institute.

[@markaustin5229]

She is obviously the best when it comes to bitco!n tradinq

[@howtosaveabillion9362]

The homeless down the street is richer than them lol.

[@daevid21]

I have 900$ in richer than them

[@Ethiodawg]

Ha ha

[@clarissamcpigeon7857]

Fact is they have this massive debt at what could or should be the best and most carefree time in their married lives. Young, no children or pets (none were mentioned at least), no serious responsibilities outside of work... and absolutely NO money to enjoy life with. They have more debt than your average person will earn in a working lifetime. They basically have to become millionaires to just break even and not be broke. That is truly tragic. They should be enjoying life with travel and freedom etc., then perhaps having children a bit later on. I don't think any of that will ever happen and it's just an empty bleak existence - this isn't "living".

[@tarawalton6778]

Sad, but true......

[@grandmastergyorogyoro532]

Atleast IRS won't knock on homelessan

[@ShreeNation]

Something tells me she's not gonna take this advice.

[@ShreeNation]

@Ace Degenerate All the way here till India lol

[@mikegettinfit607]

Yup

[@chrissalley9468]

You're right. She's not

[@Jack-et4ev]

The problem lies in the communication between them. Not many people understand how to give good advice He was basically saying, do this and that and look at this and that and all she was doing was soaking it up. Thats just meant to fail, if you want to give advice it has to come out of the person who is taking the advice. That way the person who is advised will have a higher chance of pulling through because he really agreed with it

[@bobjoe4581]

Yea I feel like that too

[@BenjaminMcLeod815]

Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

[@Robertgriffinne]

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@PhilipMurray251]

@@Robertgriffinne I agree. Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Kathryn Alethe Hall, I can say with certainty that their skills are excellent.

[@corrySledd]

@@PhilipMurray251 how can i align with her?

[@PhilipMurray251]

@@corrySledd The adviser I'm in touch with is Kathryn Alethe Hall, She works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television.

[@corrySledd]

@@PhilipMurray251

[@codyzimmer9257]

I went to a technical community college paid for with my GI bill. And I have zero school debt and I make 120k per year.

[@stephenshelton4267]

$335,000 in "advanced" degrees IN POLICY! Some university president is laughing her way to the bank!

[@fashionlife5348]

She can make a lot of Money if She is smart ppl.that work for lobbying Companies make millions even fund raising for campaigns

[@InvntdXNEWROMAN]

I mean, she's making 100k a year. That degree is paying for itself but they didn't plan on paying their debt first before living a life of luxury. You could live on 60k comfortably and use the other 40k to put towards student loans for five or six years. Then increase your yearly allowance to 80k a year and continue with paying other debts with 20k and whatever you've earned on top with raises throughout.

[@chingon3461]

Really? Isn't the America in debt for trillions.

[@Sir_Pumpington_Of_Dumpenshire]

​@@InvntdXNEWROMAN You have no clue how taxes work. Your "math" assumes she's taking every penny of that 100k home. Newsflash, buddy, she lives in Washington D.C, the "state" and fed tax combined with her marital status putS her at about a 22% tax rate, which means she's barely taking home 80k from that 100k. That doesn't even take into account her ridiculous lifestyle, she and her husband are doomed.

[@InvntdXNEWROMAN]

@@Sir_Pumpington_Of_Dumpenshire news flash buddy, we don't know if she was referring to net or gross annual income. I don't know about you, but when I'm taking to someone about how to get my finances in order, I don't refer to my gross income. I tell them my net.

[@dropthebassline]

How does one survive with having $1M in debt like this? How do you sleep at night?

[@luciai3897]

I was thinking the same, but if you think that it's their income on 5 years, it doesn't seem that much anymore, but they do have to cut any expenses they can and off course, change they lifestyle on the long run.

[@bigding8977]

I dated a girl like this. She went into debt to attend law school at Georgetown University. And she had an expectation that she would eventually get a high-paying job as a lawyer. She assumed that her future high-paying job would be able to erase all of her student loans and her mounting credit card debt. She took the California bar exam 2-3 times and could never pass. So she never became a lawyer. She worked as a low-paying temp and secretary. And her credit card debt grew. She just compartmentalized it. She didn't think about it, because to confront reality would be too stressful. It's like obesity. When you're obese, you never want to climb onto the scale to see how much you really weigh. And when you're deep in debt, you never want to look at a bank or credit card statement. She never acknowledged how bad her situation was and that she would probably never get the high-paying career she wanted. Over the years she built up an identity as a high-powered, successful career woman. But her financial picture didn't match her identity. Cognitive dissonance.

[@jigsaw2253]

Big Ding depressing story

[@DemetriT1]

@@bigding8977 I hope the girl you dated is doing ok but Did you marry her? Her life is a huge red flag?

[@Chiefthepup]

God and they pulling in 230,000 a year together. It's crazy how money is so relative and seems to never be enough

[@wesjohnson934]

Advance degrees and still making ignorant financial decisions!

[@amandakim2624]

Good luck Dave in getting these spendthrifts to live humbly. I want an update on these two.

[@Tom-vt1jj]

I was too dumb for college. What a blessing.

[@alvojnikovic2171]

Same. Though I eventually decided to attend and currently am at a smaller college. Thank god I didn’t get accepted to a high end over priced university.

[@flaviotahiraj6338]

hahahah yeah

[@ShaferHart]

They take everyone in. If you're writing this comment you're not that dumb. There's a college for everyone lol.

[@write4ever875]

True indeed. A degree doesn't guarantee a job, it guarantee DEBT!

[@kvex7548]

@@write4ever875 just pay for it and don’t take out loans.

[@vitocorleone1462]

"You're not gonna see the inside of a restaurant again unless it's your other job" 😂

[@MrMlbfan6]

Man ended her whole career 😂😂😂

[@memes4life231]

😂😂😂😂😂

[@dichi3163]

Yeah that was good. I miss Dave's Alpo comments 😂😂

[@saltcreekammo]

It's one of Dave's go-to lines... Along with "all you're going to eat is beans and rice and rice and beans", "You're spending money like congress", and my favorite... "You're STUPID!"

[@quickchawles]

Story of my life bro. It teaches you to appreciate your loved ones and break through the hard convos for care and understanding. With her degree she could use that knoweldge to no end

[@karthikm1847]

I Absolutely loved it the way Ramson explained it about the financial situation. It helped me a lot like how to tackle the problem.

[@xlrators5378]

I'm making six figures being self employed without an ADVANCE degree or $100,000s into debt.

[@richgold3630]

$136,000 just on credit cards? Oh.....My......God.

[@NUCLEARARMAMENT]

A 25% effective tax rate on annual gross income is effectively equivalent to paying a 33% interest rate (APR) on annual net income. I have credit cards that charge significantly less interest than that, in fact I have never seen a credit card with a higher APR than 30%, not to mention I get better perks with them than I do from the government. I can also pay the minimum monthly payment each month and still keep my credit utilization low all while keeping my scores high. I can live better off credit cards and pay less in interest and fees to the banks than if I were working for earned income and paying taxes to the government. To all you savers out there: If you're effectively taxed at 25%, you're paying 33% in interest for every dollar you save throughout a given tax year, plus the annual compounded rate of inflation of 2% to 3%. In other words, you're paying 35% to 36% a year in interest for every dollar you try to save, and that's underestimating it for a lot of people. I'd rather take out a loan or live off my credit cards and credit lines, because it's a lot smarter and I'll pay less interest, fees, to the banks and get better perks for it versus working hard and paying taxes to the government. And for those of you saving into a 401k to offset paying taxes now on it, all you've done is defer the taxation into the future and if you withdraw early you get penalized with it by a tax, which is effectively the state charging you interest to withdraw savings. This just further proves the desperation and hopelessness involved with being an employee.

[@donmichigan8201]

They are nuts. Just dumb as a box of rocks. I never ever charge more than I can afford to pay for cash. I use my credit card for the perks, pay it off in full every month.

[@gottgaame]

Rich Gold They should sell the house then file chapter 7 bankruptcy the pay of their student loans

[@KatieBellino]

Yeah, I don't know how that happens just on cards.

[@TyWerks]

Yea sounds crazy

[@timnaughton5683]

“We have ADVANCED degrees Dave. Very advanced. Probably the most advanced. They’re very very advanced degrees, Dave.”

[@Daniel-mq3nf]

Hope those "advanced" degrees burn well when they're living on the streets 🤣🤣

[@kitsontuli2713]

😂😂😂

[@YPM498]

Daniel so bitter 🙄 spread positivity not negativity

[@Daniel-mq3nf]

@@YPM498 I'm assuming you have an "advanced" degree as well

[@alanr70]

Daniel I’m getting an advanced degree they help a lot but the main problem is they can’t manage money. So what I did was go to community college for my 2 years got my basics out of the way only payed 2k or less a semester then I transferred to a university to get my Bachelors in Petroleum Engineering I am going to be a junior next semester and I decided not to go to the big “D1” University because they’re expensive so I went to a branch of the same school and doing it there for a lot cheaper. In the end I will have the same degree as someone else I just got it a lot cheaper. I’ve payed all my college so far and my degree will be very rewarding starting salaries usually run from 90k-100k+. It’s all about having a plan

[@CareFactor00]

Watching the videos to make my own situation better

[@LTJuni0r]

Suddenly my debt doesn’t feel so bad. Yikes

[@bigroy38]

LTJuni0r no kidding.I thought some of my co-pay debt was bad.Jeez.They need to live off Ramen,& popcorn.

[@andrebrown6654]

@Jose Haro is right. I owe close to 6000 and it feels awful. I stopped carrying my debit cards and only use it for rent and food.

[@jennakuehlwein811]

LTJuni0r haha, right?! I feel like a financial genius!

[@CoCMember]

I saw this and instantly became grateful for my debt. I can pay mine off in 3-5 years. Woooowwwww there's no coming back from this number.

[@Ryan-dc6lj]

For real. I thought mine was bad, coming in around 15k.

[@SuckMyToes304]

Dave: sell the degrees 😂

[@Mrclean431]

How is this not higher rated !!

[@pollyheyy]

🤣🤣🤣 I love this guy!

[@tiktokbbyy3825]

Time stamp? I can’t find it 🤣

[@rmstitanic8607]

Timestamp

[@powerhouse5853]

😂😂😂

[@VIVsVeiws]

No shortage of irony that 2 people working for the us government racked up 1mil in debt before 30 years old

[@jacobhightree2458]

This makes my $2900 cred card debt feel like nothing.

[@WhatTheHe11isTHAT]

Where they are now update: "We are now 2 million dollars in debt."

[@Upracefan]

Big Foot Their credit score has to be destroyed already, if they are using a debt relief agency, those kill your credit.

[@RexyFan]

😂😂😂

[@smithgladys83]

😂😂😂🤣😂😂😂🤣😂 this comment is too funny.

[@consumerdebtchitchat]

@Big Foot Don't forget to add in a baby to all that debt.

[@howlbeast]

@@consumerdebtchitchat it just gets worse not saying its a bad thing... they should not be conceiving... they need to dedicate to that debt

[@DLFfitness1]

So many folks pretending to be something that they are not.

[@Ms.Hildalovesgreen..10]

I agree w you😬😕😏

[@RelaxAndSmokeMeth]

Keeping up with the Joneses.

[@ashcatchum]

DAVID FRANKLIN that’s deep

[@yanaspace5912]

and so many businesses profit on this

[@460enrique]

The truth

[@mumsspaghetti6649]

I work in government yet i cant control my own debt. Wild

[@craighill3886]

Listening to this after 5 years. I'd love to hear an update on this woman and hope she's in a better position. 🙏🏻

[@michaelreither1826]

I drive a 2009 Ford Focus, I’m a millionaire, and I don’t care what others think about what I drive. The great thing is, nobody wants to steal it!

[@xGP90]

Michael Reither goals! How did you make a million? If you don’t mind me asking 😄

[@michaelreither1826]

Omar Hendrixx I was a long haul truck driver for 33 years, I never married or had children. I never had a mortgage. I lived on the road 300 days out of the year. When I was home, I would set up my RV in a camp ground for a few days. I put 25 percent of my paycheck into a 401k and had a Charles swab account for investment service. I pay cash for everything and live within my means. I retired at age 55.

[@ThomasPisz]

Well done, sir!

[@skylersilva6135]

@@xGP90 what is your number ,I've always wanted to actually have a one on one talk with a millionaire

[@VtotheKallday]

Good on you buddy

[@xekis]

And these are the type of people who will decide how to spend public money.

[@desteepooful]

My thought exactly

[@shola7987]

Yup

[@whatevergoesforme5129]

That is why they are working for the government. The government does not know how to save and cut spending.

[@ejhc9628]

Yeah I studied economics and government vs private spending are two different things one cares about the return x investment the other doesn't care at all. Usually when the government spends more money in projects it ups the Gdp and it makes the government look good.

[@gregorycarmichael]

Sad world

[@KD-vv1gf]

I need a follow up on this couple!!

[@oclearning]

This caller will NEVER make it!

[@chicodaman2345]

Look on the bright side, with $136,000 in credit card debt, this couple is making a killing in Reward Points!!

[@erichchan3]

Would be nice to cash out the points for cash back and use it to pay down the CC debt but u know they did not. My bet is the couple used the cash back from the credit card points to go on a nice vacation.

[@luchio6675]

🤣😂

[@kingkang6877]

They can fly anywhere!

[@MrRazaali84]

😂🤣 good one

[@meatballnevaeh]

Just look through the rewards catalog. You can get things like a camping flashlight, a $10 Starbucks gift card etc... the options are endless

[@Alyssaj1236]

And I'm sure their wedding was super expensive 🤦🏾🤦🏾

[@sciencewithmrs.santiago6225]

A J that’s exactly what I was thinking!

[@lexilaney9120]

Thought the same thing!

[@Hoffmanpack]

50grand prob ez

[@Alyssaj1236]

@kirkleen95 yes! Good point

[@dang75790]

Wait till the divorce!

[@kylecasey7010]

This is when you fake your death and move to Bulgaria.

[@cryogenictrucker3102]

Exactly

[@mew5395]

Honestly this was such great advice

[@kristinmoore4624]

"You're not going to see the inside of a restaurant unless it's your extra job!" Yessss!! People need to hear this stuff. Brutal but so needed.

[@softangler3040]

I felt that 😭

[@adamchaifetz5876]

Dave had people calling/e-mailing him about how "cruel" that line was to struggling people. Folks, use your brains if you have one.

[@kristianfella-glanville]

Cool name

[@keith-kb1zl]

yep ,I’ve known fools that will think nothing of squandering 200$ on designer restaurants a couple nights a week- these are the people who usually live paycheck to paycheck 😂or just pile huge amounts of money on their credit card.😂

[@luisfernando5998]

But she can make it much faster through only fans

[@abandonedpicnic]

"I owe one billion dollars in student loans" Dave: *Dies*

[@Ken-no5ip]

Next episode: ”I printed a trillion bucks and now its worth a million!”

[@_AYAX_]

Lololo

[@jennayers1]

😂

[@jswiz3097]

Everyone nowadays lol

[@cindy6539]

😂😂😂

[@ByteSizeMoney]

One thing I wish they would have understood is the power of delayed gratification. It's tempting to make impulse purchases, but taking a step back, evaluating needs vs. wants, and saving up for something meaningful can lead to greater satisfaction and financial stability.

[@janawiegel849]

Short term pain for long time gain.

[@EternalCRTN]

my senior forum teacher put the class on David Ramsey. Im graduated and still watch him to this day

[@jakejohnson569]

The goal is to be rich...Not act rich!

[@brianbouf8303]

Thats true, sadly most of us like to pretend to be rich, to fit in certain social labels.

[@marselvitti]

TRUE!!!!!

[@britneyog9537]

Exactly. Being a millionaire doesn't mean you have 1m to spend. 👍🏻

[@HuamiFairy]

Yeah,my soon to be hubbys motto is "we want to be rich not look rich" lol so he doesn't care for "looking" rich in regards to clothing or cars or whatever , but he wants to get into the real estate game and invests, and in the process of getting our first home together. Being with him has been so good for me in all ways but especially financially as he is a saver and frugal , and I just used to live paycheck to paycheck. He introduced me to the baby steps and it's been a life changer! I'm so lucky that I was only 20k in debt when we first met over a year ago, and even that felt draining, now I'm down to 6.5k and soon that will be gone.. I can't even imagine 1mil in debt it's so shocking lol

[@wingberry123]

Or Appear rich! People love to appear rich.

[@mrgallbladder]

This woman works in policy making? That is absolutely terrifying!

[@fireengine77]

MrGallbladder it explain a lot as far as our government goes..

[@KZ-dr3fc]

She also has an advanced degree in policy...

[@Omikoshi78]

Probably working on a policy with Bernie to forgive student loan debt.

[@libafried5840]

@@Omikoshi78 Exactly. These hopeless people are creating policies to benefit themselves.

[@sevdev9844]

Both are working in that field. I laughed hard when she said that.

[@basicbrownbish1002]

Is there any update on this couple? Really curious

[@tonytoni1150]

They should’ve got an “aDvAnCEd DeGReE” in common sense. 😂 🤦