I'm $60,000 In Credit Card Debt, Is This The Best Way To Get Out?

[@onceuponasavage]

100k before taxes and 100k after taxes is a big difference 🤷🏾‍♂️

[@grantv2313]

I say that every time I watch this show . They pretend like that’s all take home. Income is about 65% of my gross for me and I’ve got bare minimum taxes coming out.

[@Rosinronin]

@@grantv2313that's tough I keep 80% of my paycheck after taxes in Nevada on 80k but there's also no state or local income taxes

[@mad2msu]

I always wonder if that’s their gross or net income when they answer that question.

[@myytchannel6632]

​@@mad2msu They often say their GROSS income. Which is truly different from take home. Her take home may be $70,000 or less.

[@USMC6976]

Unless the person says GROSS, they are asked by the call screener to give their net.

[@mistiinseattle]

She makes $100k a year and with a low house payment there is no reason she can't live very well on this and pay off her debt.

[@BlackBruceLeeTheGreatDekuTree]

I think she has other debt that probably wasn't mentioned like I can almost guarantee she has a car loan over 35k

[@iamme7664]

@@BlackBruceLeeTheGreatDekuTree or an expensive shopping habit..

[@BlackBruceLeeTheGreatDekuTree]

@@iamme7664 That's without a doubt!

[@doomslayerforever2858]

@@BlackBruceLeeTheGreatDekuTree 80k i can tell shes that kinda woman

[@miamielite7773]

@@doomslayerforever2858 Yep, she got an Mercedes-Benz with a 800 car payment for sure.

[@david100483]

Yikes 60k is a lot in cc debt. Totally doable tho! I did it in two years, over $45k in debt and half the income 10 years ago. It felt great tackling the debt and taking full control of my finances, learned a valuable lesson in my 20s…never again will credit card debt own me! ✌️

[@tamiz8895]

That’s a lot of money. And then the interest adds to it especially if she’s only paying the minimum. It would take her decades to pay on cards that she’s not using. If she continues to use them the situation is even more dire. She obviously needs to change her outlook financially to secure a future for herself and her family.

[@marimarsilva4629]

You gave me hope ❤ I only Have 14k in debt and sometimes I feel like I’m doomed I make 60k roughly but in CA it ain’t much

[@david100483]

@@marimarsilva4629 hang in there! Hardest thing is adjusting to a very rigid spending habit, it feels much better once you start seeing a little bit of a cushion build and debt coming down!

[@carlosortega5592]

I’m in this journey right now bro and I recognize it’s all my fault just trying to get out this hole I’ve dug

[@bribri7344]

We are in debt $50,000, and the interest is so high. We are trying to decide if we should try to pay it off or file bankruptcy

[@shrimuyopa8117]

She doesn't realize it yet but she has a GREAT thing going for her. Clean up this debt and life is going to look great for her with the income and home that she owns! I am excited for her.

[@jimroscovius]

IF she follows the plan.

[@clarifyingquestions]

Love this comment!!

[@daebak7370]

Life isn't going to be great for nobody. We are on door step of tribulation period.

[@mmp495]

💯💯💯

[@chrisconsorte7893]

Absolutely, once she clears out her debt, she’ll be fine!

[@dwd1968]

I worked a 2nd job for over a year and used all of that money 💰 to get out of debt

[@Artbynbru]

What did you do as your second job?

[@MsVarie]

I hear about second jobs a lot from the USA, do you guys not get taxed highly for a second job? I worked a second job and by the time the pay came it wasn’t worth it. It was £11 per hour but after tax because it was a second job I had like £5 😢

[@richardoa623]

​@MsVarie No you pretty much get taxed the same...

[@jetski1562]

Gotta do what u gotta do sometimes man but its well worth it

[@diamonddre4626]

Adversity introduced me to the brown rice and black beans diet. Not only did this diet help me get through financial difficulty, I also came out of the situation with big muscle 😃😃

[@KC-dr3cg]

And cut your electric expense, reduce your food budget, dont drive your car except in absolutely needed..

[@SneakyGenius]

I love this show. Its helping me get out of my mess.

[@musicpro7278]

You shouldn't have got in that mess to begin with

[@SneakyGenius]

@@musicpro7278 I'm a human being we all make mistakes, I'm sure you have regrets too.

[@joshuaswanson4789]

@@musicpro7278 thanks captain obvious. You’ve never made less than ideal choices?

[@musicpro7278]

@@joshuaswanson4789 yes but not once I can't control like when it comes to money

[@markmark123412341]

@@musicpro7278 Well TEACH US how to get out of debt then since you so good at it, since you know HOW to stay out of debt buck! Lol

[@mr.boostang2064]

$60k sheesh I was panicking on a $600 card 😅

[@laneesha1000]

😂😂😂this video calmed me down😂

[@matthewlangley3524]

Stay motivated. Just because someone else has more debt, doesn't make it easy on you.

[@EarlyBirdCraft]

600$ cc debt is still pretty high

[@mr.boostang2064]

@@EarlyBirdCraft it is, paid it off yesterday in full 🙌

[@Gheuns3251]

$600 can easily run up 6,000 in a few months if you let it get out of hand .

[@canadianjatti]

I can't relate to people with incomes like like and debt this relatively low not being able to see the way out....it is actually not that bad of a situation....

[@CarolinagirlSSS]

Thanks for sharing this . Right on time for me! Good for you Courtney! We can do it !

[@Jay-pf2cn]

I’ll bet all of that 60k in CC debt is a bunch of silly stuff.

[@fragile00]

A silly debt made out of silly spending. Who would have thought.

[@melifter8897]

Definitely. Clothing out the max, cruise ship vacations, restaurants, etc.

[@cjhoward409]

Expensive makeup, nails, spa, fancy $10 coffees. 😂

[@jd4064]

99% of time its all silly

[@mmccown1]

How do these people who can't manage their finances get such high paying jobs? Baffles me.

[@JoannaSelvan]

Stress, poor mental health, bad coping mechanisms like shopping addiction, lifestyle inflation, feeling the need to fit in.

[@davijerr]

😆😆😆 exactly.

[@bt2598]

Lifestyle creep. We are in a society that tells you get the good paying job and buy the house and the car and the nice clothes and go out to eat and show everyone youre doing it so they can do it too. Without realizing a lot of people don’t save or manage their money. They live on what they earn, paycheck to paycheck

[@mohammadwasilliterate8037]

Stupidity, 🤣😂🤣

[@stevenporter863]

Someone else said ' lifestyle creep ' and also being good at a job doesn't mean being good at managing your life. Example Dave always gives is doctors.

[@yasinnabi]

thanks for sharing. one of the best videos I have watched today.

[@MaxMonsterGaming]

Pretty obvious the guy wanted to divorce.

[@yoshit9819]

I don't know who she was married but from the sounds of it the guy is better off

[@matthewwilliams9200]

Lol shes insane taking 60k unsecured debt and attaching that to your home is insanity

[@Albert12893]

Wouldn’t be able to sleep

[@HEC892]

I don’t think they are considering the child and how much she pays a month for child care….

[@hiteshadhikari]

U think she pays? Lol

[@mannyjeanpierre4062]

Ex husband dodged a bullet!!!!

[@ruthlessreid9172]

Another government employee...shocker.

[@alqoshgirl]

I’m confused why she won’t be able to pay off her debt. She makes a lot of money, and has a low house debt and even her 60k is not a lot. Where is she spending all her money on?

[@FloridaMark1611]

It's been 2 years, hopefully she won the battle.

[@catlady2795]

I am really confused by this call, wish there were more information. Her house is affordable, her income is good, not sure why she can't get out of the hole or how she got into it in the first place.

[@misa5941]

She spends too much. Fairly simple really.

[@kbanghart]

@@misa5941 and with a kid involved, and the ex, lots of times parents get into a war after they split as to who can be the "fun parent" which can really kill a budget, especially if the x is out there showering money on the kid and looking good while you're looking like you're scraping by. That really should have been mentioned in this video, but it's understandable that Dave can't cover all the aspects. My wife and I went through that for a while.

[@CurlyStruggles]

I feel uncomfortable when I’m not in debt. I’ve gotten out so many times and jump right back in because life feels off when I’m out of it. I need therapy

[@margie909]

Maybe it feels unnatural to be a success? I know someone who was constantly told while they grew up that they were going to not amount to much in life. So, for a long while they lived up to that expectation, didn't try very hard in life. When they DID start to turn things around, set goals and reach them, it felt unnatural, undeserved. They would then self sabotage to feel "normal" again. Sad.

[@superblump87]

You need a hobby.

[@regularity2556]

Watch some videos on self sabotage. That's what you are doing, it's because deep down you dont feel worthy of a good life so you subconsciously do things to destroy your own success.

[@lynnebucher6537]

I agree that you are sabotaging yourself, likely because you deep down feel you don't deserve to be free of debt and stress. Fix that.

[@xiomaragomez6649]

Sounds like you need fully founded emergency fund.

[@ChinoEEE]

with that income she can do it 👍

[@vijayvarghese1652]

Beans and rice. Rice and beans

[@kbanghart]

Dave doesn't mention the family dynamic here. With a kid involved, and the ex, lots of times parents get into a war after they split as to who can be the "fun parent" which can really kill a budget, especially if the ex is out there showering money on the kid and looking good while you're looking like you're scraping by. That really should have been mentioned in this video, but it's understandable that Dave can't cover all the aspects. My wife and I went through that for a while. Single folks wouldn't really understand. Since the kid is only three now, this lady has years of this to deal with.

[@marnarenteria4203]

I think after all these years of giving advice, he knows that possibility, but she has to overcome that. It doesn't take thousands of dollars a month to be a fun parent to a 3-year-old. Experiences and time spent count, too.

[@kbanghart]

@@marnarenteria4203 that's true, but that takes a long time for some people to understand when there is jealousy or anger involved, etc.

[@Carmen88888]

So true! I have a friend who was raising her son with very little support from her ex because he worked under the table as much as possible. He became the fun dad with UTVs and big televisions, and the kid went to live with him. Once the dad got xoustody you bet your behind he went for all the support he could- and got it since legally it looked like he was low income. He became “Disneyland Dad”. And does he help with the grandkids? Not a bit, while she has throttled back her business to help babysit them

[@mikedoyle5901]

Wonder if this spending had something to do with this divorce. ?

[@JustinCase780]

Nothing to do with the call and who cares.

[@barbieblue3336]

I think she had that before the marriage & child

[@zachingram7522]

I don’t understand how people call into this show and not have a real good idea what the answer will be.

[@eugenegutierrez5106]

I’d be worried if I don’t have a stable career job with this credit card debt.

[@MrDmoney1984]

I started to listen to these shows for a few weeks now, man how do these callers have 6 figure jobs and in debt…I don’t need fancy clothes, 6 bedroom house on the hills, or a brand new car every 2 years.. I can’t bring a car into the movies or into a restaurant to have dinner with

[@Plutoboy85]

How did she walk away with the house? 50/50 split. Curious.

[@Rashaadthegr8]

Never get into debt and if u do don't date until you debt free.

[@c.d.willis4278]

The kid is 3; child support will provide you with a 15 year annuity. 500 to 750 per month should take care of it .

[@ericjohnson2475]

I can see why she's divorced... Just saying..

[@SSS-wo2hn]

Sbe’s financially immature and financially undisciplined. More debt is in her future🤦🏽‍♂️

[@isaacl6402]

It’s always funny when this question comes up. What do you do? You pay your debt. You pay back the money you spent. And then stop spending money that isn’t yours. How hard is that

[@countrylivin8634]

She's definitely not going to do it Dave. That lady was completely clueless.

[@dwfinds3030]

Now what is the solution when the person isn't always well off. Its always 80-100k person not 40k person.

[@imhim9194]

I see why he DIVORCED HER ‼️‼️

[@BoyGrenade]

You mean he’s broke and couldn’t provide for his family n had to move into her house. Haha such a weak man mindset 😂

[@yarrdayarrdayarrda]

Husband left because of the uncontrolled spending she did?

[@vl6741]

Attack the debt to heal... I like that.

[@young5ive426]

I hope she takes the advice … that cash out refinance is not the answer

[@melbahickox5625]

Stop ✋ credit card

[@blackmantravel6954]

She’s not going to do it. She loves going out

[@everydaydadfixinit4803]

She ain't ready

[@Boosted-truck]

I’m just happen that someone mention using chapters and BAM Dave has chapters!

[@Castellanocreep]

I think it’s just hard for her to control spending. She even said she uses the Cc and they won’t give her more. So they should be asking her what was she spending money on and why is she needing to use the cc or neeed more cc???? Simple . After that then you move forward with the conversation

[@timwalters1885]

Trying to learn from this show how to get out of debt, but he never says how he just says he’s gonna send them the financial peace program.

[@Michael-jo9jb]

This lady might have refinanced her home and then got another credit card. Then within 6 months she would have put another 60 k on it.

[@tthomaselli2]

$60,000?!... Yikes!...

[@thaarealdeal4349]

No lie everything is about the mindset and sacrifice

[@imhim9194]

That divorce don’t have NOTHING to do with your DEBT! blaming everyone but yourself!

[@matthewowen1360]

What is she suppose to do?

[@AquaDiLuisa]

60k cc debt? I can’t wait to pay off my £2178 cc debt. How do you even build up that much cc debt for/on random spending? That better be part of my mortgage 😬 Wish her good luck 🍀 on her debt free journey 😆

[@pickmeisha]

Right my cc is at $510 and I’m like omg. I can’t imagine $60k.

[@Victic005]

Dave would say you can't have a divorce if you're not married. Divorce is a good thing. Hahaha. At least family court is not going after you. Good luck with the bean and rice plan.

[@anthonyquinn5927]

Would love to see what these people look like…

[@kentondragon9263]

Debt is like a clogged sewer line or basin, except you gotta do fix the problem yourself, while the plumber is on speaker phone. Btw, why didn't Dave ask what she spent it on, or what can she sell? 🤔🤷‍♀️🤦

[@Acts-1322]

She was so casual and wont make these simple changes lol. You can hear it in her replies. Too many women "just want to vent"

[@sarahmc8309]

Pay 200 dollars a week off the debt ?! 10k a year a 6 years it’s gone ..live a simple life

[@raphaelszok8561]

After paying debt off put that amount you were paying into savings.

[@nickbourne6091]

i love you dave

[@RollYourRock]

3:32

[@InspireRise300]

Life happens

[@amishadowbanned6264]

The way this lady talks is really annoying. Just the tonality and the way the words are exaggerated... I don't know if it's a regional thing or culture thing or what.

[@fernando3061]

I can tell by her tone, she's not a listener.

[@jeremiahbowman2200]

She can pay this off

[@richthepup]

Y’all we don’t need anymore single mother homes, I’m jus going to say it. That young boy is going to need to be raised in a home with both parents. But all y’all modern so no one is ready for that conversation

[@lynnebucher6537]

We don't know what happened to her marriage. I can say from personal experience as a kid that it's better for the kids if the parents split, when there is really bad stress between parents and/or abuse / addiction issues.

[@revealingthenarcissistofbl2168]

You on a financial channel talking like an incel. Get a life.

[@t3morga]

How do you not stop spending?🤔

[@catherinewilke5583]

DR is ever the chauvinist, assuming she bought the house with her ex. It was hers before they married, still hers. Guess what? I bought my house alone, but the law said that my deadbeat ex was half owner. He didn’t contribute a penny. Did a little demo work for the remodel, that’s it. If this program weren’t so darn sexist, it would go from good to great.

[@Jonerod]

Right now I owe 32K lol

[@defaultusername1]

What is it now?

[@connorroyale1875]

Refi it, cut them up & learn from this. 60k at 20% APR will take significantly longer than 18 months on a single 100k pre-tax income with a 3 y/o.

[@thegamergame3851]

It's doable. It is not easy and requires sacrifice and extreme self discipline. Plus 3 y.o. don't really need much and you dont need to spend a lot of money to keep them happy and healthy. She is in a much better situation than a lot of callers.

[@CroisMoi]

I think she will be less likely to do it again if she has to grind it out.

[@luckyb4541]

You wanna get rich, start a religion. Joe Smith

[@davidholland71]

I'm happy for her ex husband! Go find a woman that can control her spending!

[@hiteshadhikari]

She bankrupted him and herself He dodged a bullet

[@Isaak1030]

I make 170k a year and cant seem to pay off my 20k in cc debt

[@defaultusername1]

You can. Do it

[@mr.increediblle7964]

Sir you can pay off your debt in a year. You are just being lazy because you are probably take 9k after taxes. If you use 5k to pay your bills, car, house payment etc. Why cant you put the remaining 4k towards the CC debt ? You will be down paying off in 5 months.

[@Isaak1030]

@@mr.increediblle7964 I did it and imm now CC debt free. now Im saving for a home but interest rates are sky high

[@gdolly166]

60 000 and nothing too show for it amazes me.

[@tyronejoihnson7046]

How about she goes bankrupt and now....she's ahead $60k!

[@robertkugler988]

Honest thoughts ..solution I thought the same .... Cause I'm doing the same only half the debt n 1 / 3rd the income.

[@moneypro85]

I would say she can be done in 2.5 years. Medium hole with big shovel. My figure accounts for taxes and child care.

[@chinocampos4088]

I have 20k

[@queen.kristal8395]

Feel like they got married because of the baby

[@JustinCase780]

Nothing to do with the call and who cares.

[@queen.kristal8395]

@@JustinCase780 it has everything to do with this call.

[@dextermorgan4172]

How the f*** and what the f*** do you spend 60k on??? And she makes 100k.. 😭😂

[@amirhafeez06]

she makes 100k a year. why is she so much in debt lol

[@tongl274]

She sounds like a “strong independent, I don’t need a man” woman on the phone. I don’t think she’s gonna get out of debt 😂

[@superblump87]

Your sentences contradict each other.

[@kbanghart]

@@superblump87 yeah that was weird, I don't understand what that was supposed to mean either.

[@lot2196]

I understand perfectly.

[@macneoh7418]

@@superblump87 Do you know what sarcasm is?

[@darkfoxx87]

I bet her spending was the root cause of the divorce

[@Oreocat._.0ffical]

How she sleeps in night 😮

[@plants4thewin]

She can pay that off. Rice and beans and she can do it. Or sell the three year old.

[@diamonddre4626]

I love rice and beans 😋😋

[@JustinCase780]

@@diamonddre4626 But your girlfriend hates your gas.

[@rnt45t1]

I bet she left him because "he just wouldn't communicate" but fails to see that she's taking absolutely no accountability for spending and her actions. Typical modern woman.

[@djpuplex]

Yup. She probably spent like a lunatic.

[@barbieblue3336]

And you are???

[@diplomatdiplomat2800]

@@barbieblue3336 that person is so judgemental.

[@lot2196]

Agree.

[@kbanghart]

Typical modern Man

[@takingbackprofits1280]

I dont understand... the math just doesn't add up. If she sells the house for 430k that leaves 280k minus the 60k in cc debt is 220k... Sell the freakin house and pay cash for a 200k house and save up money till you can pay for your dream house in cash. She'd have no payments on cc or the house, she should be able to save up easily!

[@regularity2556]

What house are you getting for 200k? She has a 3 year old and is single, she can't handle a fixer upper, and she doesn't need anymore instability in her life, especially after a divorce

[@lynnebucher6537]

I have no idea how she'd find a house that cheap that was anything decent. She's better off renting a room out .

[@stevenporter863]

$200k move in ready house? What year?

[@takingbackprofits1280]

She doesn't need anything special right now. She makes good money, she can save up a nice down payment in no time, plus the sale of whatever house she gets.

[@Lil-Whiskies]

This isn't a money problem, or a math problem, it's a spending problem, and unless she fixes that she will never save a penny.

[@scootsmcdoots80]

wish the strip club in my town didn't start accepting credit cards for lap dances. so hard not to spend hundreds on these beautiful ladies.

[@ab3040]

I would like to thank her for paying for my vacation

[@everss02]

I up taLK......

[@roolyfe]

If you marry in American woman you must get a prenup agreement! No if ands or buts! No single moms! Just my own opinion! I want peace ☮️ in my life!

[@canadianjatti]

yes, both ways. I already know I'll require a prenup to be signed before I agree to marriage (I'm a woman). I have no debt and a significant net worth that I have worked hard to achieve.

[@Jason-hp6pu]

@@canadianjatti sure 😂

[@patriciaramirez3139]

😂🤣😂🤣 DO A PRENUP WITH ANY PERSON YOU PLAN TO MARRY, FOR EXAMPLE IF YOUR FUTURE HUSBAND OR WIFE HAVE A LOT OF DEBTS, STATE IN THE AGREEMENT THEY ARE RESPONSIBLE TO PAY FOR THEIR PAST DEBT OR ALL DEBTS HAVE TO BE PAID BY THE RESPONSIBLE PARTY BEFORE MARRIAGE, OTHERWISE YOU WILL BE PAYiNG FOR IT.

[@Rob10288]

Spending problem probably why she got dump.

[@countrylivin8634]

I was going to say that but didn't want to sound mean

[@TheMechanicj]

Take 1000$ every Friday and pay it on the debt I do that with my house it’s hard to spend money when you don’t have any on payday but she loves debt and she is a diva so she ain’t gonna do that

[@TheMechanicj]

“She don’t need no man” I’m sure she says it lol

[@lauriep3651]

Both racist.

[@Black_Jesus3005]

Fighting that person in the mirror is probably the hardest part. I’m going through that now lol. You’ve got this Courtney!

[@muradshawar]

I dont feel bad for someone making 100k when the average American makes 30-40 and has the same debt cry me a river

[@l.sanders5921]

@@muradshawar Its not about the money; I know what place Courtney was in emotionally. One thing I realize; the employer does not give you the yearly salary upfront. Those big numbers does a psychology flip in your mind.

[@timothyp9252]

he knows when a caller can handle some tough love and when they cannot. he was very encouraging even though he doesn't truly believe that she will follow his plan.

[@Victic005]

She's going to reach $100k debt.

[@dacianbonta2840]

nah, massa Ram"say just doling out the current gendered double standard (parcel of the WASP attack on family and society) if females hip to the tough life in these streets, wouldn't have dievorce filed by females.80% like this bozo here

[@chiday4947]

Live the free agent lifestyle fellas.

[@laurab4570]

He was so nice to her, he asked if he could be mean… he wasn’t at all. That’s really nice and I hope it helps her. Sometimes people need tough love, but they also deserve compassion. Courtney- if you are reading this, please also look into The Budget Mom as well.

[@joepic85]

60,000 credit cards I can see why he divorced her

[@dagobello]

Dave needs to start asking for after tax and deduction income and not just plugging the 100K into the formula

[@Josh-179]

I've always noticed he does this. He talks as if the gross is all available to tackle the debr being discussed. $100K = maybe $70K once the government gets their hands on it.

[@thelmaleader7743]

I always think the same runny, I made $64,000 but actualized income with deductions is $47,000, that makes a difference