My Job Puts People Into Debt!

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[@mr.cleanone3900]

Payday loan are the worse . I know I’m getting screwed and I thank them in the end for charging me ridiculous interest

[@Vydio]

He actually doesn't put any of these people in debt, unless he is running the streets dragging people into his office.

[@davidsensing2664]

I don't know that it is his job to mention loan differences to his client. I just went to a fast food place for lunch and got fried chicken nuggets, fries, and sweet tea. The person taking my order didn't try and talk me into grilled nuggets, a fruit bowl, and water. They took my order and made no comments about how my lunch wasn't healthy. I don't hold it against the person that took my order and I am sure she is a nice person. She shouldn't have guilt or feel as though she contributed to my bad health. I agree with Dave's message 100%. At the same time, I know in my job if I don't give the customer what they want...as long as it isn't breaking laws and within company reasonableness I could lose my job. If the caller's conscience is too much then perhaps try working for the company Dave endorses for mortgages.

[@Izael1701]

I'm a mortgage lender, and I teach FPU. In my opinion, as a lender, you can have morals and FPU-oriented goals and still be a lender. Ultimately, the customer is in charge of the final decision (so long as they qualify for their decision), and the bank will want you to execute a decision that yields a closed loan. Lenders are not hired to make decisions for the customer... lenders are hired to make suggestions and recommendations to customers. How a lender makes those recommendations, and what recommendations that lender makes, is up to each individual lender. For example, I am a veteran and a issue a TON of VA home loans. However, my Debt-To-Income ratio is capped at 50% per loan. In most cases, I feel that getting a mortgage loan where half your income is tied up between a home loan and debts is a bad thing. However, there are national VA lenders who will issue VA home loans up to 75% Debt-To-Income ratios and will sleep soundly because they "Helped the customer get a home." It's sickening. What's worse... is this 'United' lender advertises this "accomplishment" when, in most cases, it is rather disgusting.

[@bettysmith4527]

You job isn't to try and push your values onto other people, it's to be in service to them for whatever it is that they desire.

[@DorothyM45]

My goodness, it’s just a job.

[@bcjammer87]

Nothing wrong with selling mortgages because almost nobody can afford to pay cash for a house. But if you work for the IRS you’re a terrible person.

[@towel-ie7554]

Really? The IRS makes someone horrible? They enforce tax law. If you pay your taxes you have nothing to worry about. Now go pay your back taxes.

[@tubenachos]

You're probably a criminal 😂

[@davidsensing2664]

Reality is that if he puts them into a 15 year, the people can't afford the payments and will not buy the house thus realtor not getting a closing.

[@droid2D2C3P0]

Yeah ken and George missed the mark here. If he tries to educate them on the Ramsey way he is losing a customer because very few can afford to do that or want to do it that way. And I'm guessing his parents won't be happy either.

[@davidsensing2664]

@@droid2D2C3P0 yes but then again I can’t see them going on record saying 30 year is ok. I got a 30 but paying it off like it is a 12 year. If times ever get tight, I can only pay required and not extra principal.

[@LioraLand1]

Yes. By the time they’re on the phone with a mortgage lender, it’s too late to talk to them about Ramsey recommendations here

[@anthonykence9954]

Selling money is not a sin for most people borrowing money is neccessary for certain things.

[@cabayern9416]

Try being a librarian in a public school. Should be a wonderful position. Not in the last couple of years.

[@SignorNessuno65]

Come to Chicago! Librarians make six-figure salaries.

[@mahdikashanipour1901]

I love Chicago then.

[@amireallythatgrumpy6508]

There are no wonderful positions in America.

[@cabayern9416]

@@SignorNessuno65 not about the money, though most public school librarians don't earn 6 figures, it is about content they have to encourage.

[@SignorNessuno65]

@@cabayern9416 Chicago is unique in its ability to use corruption to increase the pay of city employees.

[@e1honor7doctorw]

HELOCs and home loans aren't evil by nature. There are smart and dumb ways to go about them. I'm HUD certified, so I'm a huge proponent of educating clients about being realistic and sustainable when approaching these.

[@amireallythatgrumpy6508]

HELOCS aren't evil, just stupid.

[@matthewplummer488]

Facts.. I wouldnt consider home improvement bad debt (depending on the interest/ term), but increasing the value of your greatest asset really doesn’t sound bad.

[@I_like_turtles_67]

​@matthewplummer488 going into debt to increase the value? Are you taking out the money to prep the home for putting on the market? A lot of people believe their adding value. When some studd adds very little value to the home.

[@charlesg7926]

Nothing wrong with earning a living, and obvs you need to convince people to buy your product. That’s part of being a salesperson. But you don’t need to sugarcoat it to all of *us*

[@e1honor7doctorw]

HUD counselors are paid by the government, not per client or commissions. There's no incentive to "sell" anything.

[@Matt-cr4vv]

I had this when I did loans. I would recommend the best option to do the least harm becsuse the reality was they were going to borrow whether I refused to do it or not. But it is hard if you believe it’s wrong and I don’t work in that line anymore. But I always found I got through it by making sure they were fully informed of whatever they chose because in the end that wasn’t my choice to make for them. But that’s still hard to do if you genuinely think it’d wrong.

[@robertbell525]

Agree with others here, it's far from unethical to help with mortgages and HELOCs. The borrower is an adult and can make their own decisions. Just guide them and keep it reasonable. Very few of us have the cash to pay for a house until we're old. Nothing wrong with a 30 year either you can always pay it off early. Personal responsibility is part of adulting. I would also have zero qualms about selling cars. I'd guide the buyer to what they can reasonably afford. But if they are hell bent on that gargantuan dually at $1K/mo/84 mos at 23% then hey whatever helps you make up for your size Buddy.

[@brett4932]

Seems pretty simple to me - the caller doesn’t feel comfortable putting people into mortgages or assisting them with HELOCs. We can debate if he’s right or wrong on that front separately. But for the caller, it would appear they would feel better about a career in financial planning or consulting from a Ramsey-esc perspective. So I’d suggest the caller work to get licensed as a planner and then look for a firm that aligns with their values for the end game. In the meantime, continue with the current business and just inform your clients that using HELOCs to fund jet ski purchases isn’t a great idea.

[@23billd]

it's called "cognitive dissonance" The answer is to find another way to make a living.

[@musicpro7278]

If he's making good money just do it

[@RealHomeRecording]

​@jamerokva2159Good for you. You feel happy and healthy. Not me...if you ever cared to.ask. Good for you, you're doing Great out there without me, baby. God, I wish I could do that!

[@scoutandscooter]

They really need to wire the caller mute to a location under the desk or to a foot switch.

[@johnsantiago4810]

Why?

[@scoutandscooter]

@@johnsantiago4810 Seems so obvious when the cut off the caller.

[@KufLMAO]

That ain’t no mute, that’s disconnecting them. They ain’t pickin it back up for some more chit chat when they go to break 😂

[@KufLMAO]

@@scoutandscooterwhy is that necessarily a bad thing

[@johnsantiago4810]

@KufLMAO that's a mute button, I called them once and when they press that button, they can't hear you anymore but you can still hear them.

[@martinlazar9420]

HELOCs, Mortgages and Home Equity Loans are not necessarily evil. The way people use them can be bad for them. And yes it doesn’t fit the Ramsey model. But it can be a tool for getting out of Debt. I worked with someone who helped with a Home equity loan and told me straight out pay off the cards, cut them up, pay in cash and then pay down the loan as fast as you can. It cut the interest way down. But if I didn’t change my spending habits this would be useless. My wife and I now only use cash or debit. I feel Bono’s that we are paying everything in cash and not racking up more debt.

[@tduck828]

I work in credit cards and don't feel bad. I get paid and actions have consequences.

[@angel-ij4xv]

stay away from credit cards

[@tduck828]

@angel-ij4xv ehh just like anything else. They are a tool and some don't know how to use them.

[@johndone8045]

Job is a job, what u believe doesnt matter

[@jimroscovius]

Easy - do your job or find a different one.

[@samijan1374]

Cryptocurrency is volatile. Diversifying your portfolio is a sensible strategy. For example, I have deposits on Binance where I engage in trading, also staking on Kraken, investing in companies like Cannafarm Ltd, and I also participate in liquidity pools

[@jackstar254]

It's just like being a real estate agent. You stfu and help your client get what they want. Its not your job to tell them if they can afford it or not.

[@jg-xx8oh]

Lol funny

[@tstanley01]

Two words...Informed Consent...If they know the deal and they decide to move forward that is their deal...It is pretty arrogant to think that you know how they should live their financial lives better than they do...more than a hand full of people have done great things for their future using HELOCs...a little humility is a great thing dude...

[@amireallythatgrumpy6508]

Almost as many as screwed up their future using HELOCs

[@towel-ie7554]

A MLO with financial common sense probably does know more than the average person sitting on the other side of the desk.

[@rollingacresfarmstead206]

Im a hitman on the side. I rid people of their debts and make a chunk of change.

[@toddseales8222]

There’s another guy who rids people of debt. Don’t need to pay Him.

[@rollingacresfarmstead206]

@@toddseales8222 technically they dont pay me either

[@stolensilver5811]

And my name is donald duck

[@John3.36]

Was your last hit "Never Gonna Give You Up" ?

[@rhaltunen]

It’s no different than owning a bar when you know alcohol destroys lives…

[@lukeharris2622]

✝️🙏

[@John3.36]

"You are not doing anything morally and ethically wrong." That is the worst thing I have heard from a Ramsey personality. The dude is literally *going against his conscious* to sell these things that he does not agree with. He is knowingly placing people into bondage against his own desires to do so. It is like working for the beer industry and being opposed to drinking. It is like working for a drug pusher, and not believing in drugs. It is like working for the sex industry and being opposed to porn. Quit the job, and go sell the type that you are okay with. Your conscience is more important than a job.

[@johndone8045]

Dont put your own emotion in your job

[@andrewc693]

The caller clearly has no backbone and will have moral issues at any job he would work.

[@Vydio]

If his conscience is bothering him I think he should try to find another job.

[@sambal8015]

This certainly sounds good too, but I think its still worth considering more reliable options like traditional businesses such as cannafarm ltd, for example.

[@faisalwani2340]

Cool video! Id like to add that there are other investment options in businesses like cannafarm ltd as well.

[@Venezuela305]

I have a possible Win-Win situation idea for him. Explain to them all the detaile on the loan. And then, for a VERY DISCOUNTED price sell financial advise. Like, sell them the loan, and then offer them a basic $15 month budget app that includes 1hr/mo consult with an expert. They might not need the advise after the 3rd month, so they cancel. You made $45, and now they have knowledge for the rest of their life. Once the debt is paid, they can continue the service for $100/mo. Don't rip them off on the loan either. Just fair value for their needs. And if they dont need it, then sell them the financial advise only. Win-win. If they had the cash, they wouldnt be asking for a loan. You are just making sure they dont overextend themselves, and offer them affordable coaching for as long as they need to figure out their finances.

[@Venezuela305]

Btw, I'm aware this already exists. But he can undercut everyone because is morally better in the long run. He doesnt have to turn them down. He just needs to offer a fair value, which is what they wanted in the first place. Heck, they might do so well after your advise, that when the 2nd home comes in, they will call him first. The relationship might be worth it, if he offers honest enough work.

[@midlifecrisis7888]

If people are dumb f it. It’s not my business.

[@jimmymcgill6778]

THat would be illegal in the company eyes., to sell other products that is not the company.

[@wbae1340]

Holy crap Ken, you were wrong on nearly everything you said lol

[@dleohx]

I honestly dont understand why youre discussing these dubious schemes. There are plenty of options like Cannafarm Ltd and similar ones that are fast and profitable.

[@trebmaster]

Go against your conscience and you will hurt yourself. Make a job out of it and you will rot your soul.

[@wbae1340]

Completely disagree with first part, it is ethically and morally wrong

[@christopher7725]

Lol if this guy tells people they need cash only, or a 15 year am based on payments less than 20% of monthly income or whatever, his parents business and his own will tank

[@carmenross1077]

Apply there in Ramsey show,yeah

[@ginoturano6821]

15 year mortgage and no more than 1/4 of your salary what state are we talking about or trailer park

[@jimmymcgill6778]

30 year.

[@amireallythatgrumpy6508]

If you cannot afford that you cannot afford a home AT ALL.

[@chicamie]

@@amireallythatgrumpy6508 Rent is more expensive in some cases

[@sharonfleshman6961]

A trailer park? In my state, lot rent is $700 a month usually. That is almost a quarter of my salary right there.

[@ginoturano6821]

@@sharonfleshman6961 what state

[@zimmermanlandscape9287]

Don’t put that on yourself…People put themselves into debt.

[@eatpigsnot]

not entirely. there is plenty of blame to go around

[@savvageorge]

He's right to be asking questions. The debt industry is the modern equivalent of the slave trade.

[@FreeAgent797]

Easy. Just get another job.

[@screwdriver_bandit]

It’s called stop being a wussy and make your money.

[@danigirl103]

I wonder where he works bc depending on where it is, like a bank, he’s already doing something unethical by getting the “kickbacks” (incentive bonuses) all the business from his realtor parents and as far as educating ppl, he’s likely not allowed to say ANYTHING that would dissuade them from applying. I wonder if that’s why he’s feeling so conflicted abt it.

[@13nirmaan_43]

I dont know, dudes. I think crypto and all these ICOs are just a bubble. Well, crypto is good for transfers and so on, but I dont engage in trading and staking either. Its too risky. My friend recently lost $5000 there. I invest crypto in real business

[@poulfriis4103]

If I was in his shoes I would look for another job. Once I knew I could get another job I would ask My current boss for a conversation. Tell that I would like to stay (if I would) but I want him to know what I Think about (some of) the products we sell. And that I need to be able to advice our costumers according with My convictions. If we can work that out I stay. If he sees no way to make this work I accept to leave the job.

[@americansupertramp]

The Answer Is You Can't.

[@davidloughrey4841]

You aren't putting people into debt....they are putting THEMSELVES INTO DEBT!!!

[@ryancraig4811]

Caller just needs more experience and knowledge to realize that Ramsey is not the end all of financial literacy. 2/3 of US households own houses, and people buy those houses with a loan 75% of the time. Only about 2% of purchases are done with a 15 year loan - mostly because the 15yr payment is about 1.5x that of the 30yr - not because the borrower is immorally manipulated by the lender.

[@michaelcarter266]

He should educate his customers about the benefits and drawbacks of the product and let them think about it and make the decision on their own. Don’t push people to quickly buy the product. I personally would do a 30 mortgage vs a 15 year since during good times I could pay the 30 as a 15 and during bad times pay it was a 30. That is a decision I made on my own.

[@OTOWN2STOCKTOWN]

Being a Christian aligned enterprise, many of these comments are outrageous Some people have stricter ethical codes than others which means this person might just "feel" differently than many of you about the job Which is perfectly fine

[@jmorris023]

There’s nothing inherently ethical about Christians or Christianity.

[@maxxedout2020]

Money is the only real god. Ramsey worships that and himself.

[@robloxvids2233]

Get a face tattoo that says "Caveat Emptor" then you're covered.

[@jundeng3776]

Mortgage or HLOC, these financial vehicles are not bad. The bad part is how people use these products responsibly.

[@carmenross1077]

When you’re at work fon work you’re getting recorded yup

[@armchaireconomist8648]

Your audience is not 15 year home loan material.

[@jimmymcgill6778]

What's wrong with given out mortgages?

[@vivr662]

There is nothing wrong with selling mortgages if the person can afford it. What this young man is required to do is sell mortgages for houses people cannot afford and finance products that are not good for the client. He is doing this not even for the finance company but for his parents. That makes it even more difficult.

[@jimmymcgill6778]

@@vivr662If they can't afford it, he can always turn them down.

[@JoseLopez-kc4ow]

But mortgages are good debt

[@BenBrrown]

Really?

[@handleyobusiness]

Debt is debt. You still owe someone. Student loans are “good debt.” See how stressful they are on college students these days?

[@stevenporter863]

Mortgages are still debt no matter how it is presented. Someone else holds the title to the house you live in until they get their money from you. That is the definition of debt.

[@joeplem5329]

Not if you put little to no money down on a 300-500k home like most people seem to do. How they get approved for a mortgage is beyond me 🤷

[@insideoutsideupsidedown2218]

@@stevenporter863the only good thing is for the majority of the people who own property/house that has a mortgage on it, those people are in control of it, they can sell it anytime and it keeps gaining value.

[@sandialoser]

Substantial financial success and freedom most often comes from leveraging “good debt” into assets. A good mortgage into a good investment property, whether primary or otherwise, is by far the easiest way for the every man to leverage his income and good credit into long term, generational wealth. Keeping people from understanding and doing this effectively is the mistake, and pushing your personal philosophies regarding money onto people, especially when they’re short sighted and fear based, is a tragedy.

[@midlifecrisis7888]

This is a family scam 😂😂😂

[@jeffdarleneriel5628]

Well let’s shame all Realtors who guide clients into homes that will require a mortgage. Let’s shame all medical staff that performs life saving surgeries on folks that have insufficient funds. Let’s close all universities other than those that enroll bankrolled legacy students. Let’s sanction all sock brokers who allow margin loans. Let’s outlaw bank interest, bonds, cds, treasuries bills.

[@kathurtado13]

Thank you! 👏👏👏

[@toddseales8222]

Damn sock brokers. 😂

[@aaronperkins4175]

Do the sock brokers have alpaca in stock?

[@inthebooks3947]

Them medical staff do be putting people in 100k debt just for a medical procedure

[@eatpigsnot]

@@toddseales8222 ha ha i missed that

[@adamseidel9780]

Dear Christ, Dave Ramsey isn’t God, you don’t have to blindly follow every teaching.

[@roolyfe]

Capitalism is about who you screw or serve!

[@Liam_Maddog]

What the hell are you talking about?

[@gusmueller4413]

it's rare to hear an obviously gay caller. so refreshing not to hear a would-be octomom talking about her "blessings" and adamant desire to avoid the coronavirus vaccine

[@jimmymcgill6778]

Who cares if he is.

[@MB-uy5kh]

What a ridiculous comment @gusmueller4413

[@noordhillon306]

Thx for the info. Its very useful. Last time, I also came across cannafarm ltd, and financially, it has been very helpful for me. So thank you again!

[@dr.raymond8]

I am retiring next yr at 55 with 3 houses paid off worth 4.5 million. One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per mnth through my super which gives me total $140,000 a yr to live comfortably. I have no debts ... Giving credits to *Roch Dungca-Schreiber,* (my fin. adviser) she saw me through the process. *_Look-Her-Up._* Stay Motivated!!!

[@mamba0794]

Thank you for sharing your insights and recommendations. Its great to explore various investment options, especially well-known companies like Cannafarm Ltd that are gaining popularity. Adding different ventures to our portfolio can help reduce risks in

[@urangkampung4629]

Thank you for your research. I find your videos are well done. RIght now Im keeping an eye on Cannafarm ltd

[@kerimefekahraman7898]

I dont know, all of this sounds questionable, with too many potential pitfalls. I believe there are more reliable options out there. I recently found a company called Cannafarm Ltd, and Ive been consistently earning with them. I think its better to foc

[@realjobsalert2728]

You definitely have my sub. This content is next level. For me cannafarm ltd was the turning point. Please keep doing what you do and keep being you, love it.

[@dr.raymond8]

I am retiring next yr at 55 with 3 houses paid off worth 4.5 million. One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per mnth through my super which gives me total $140,000 a yr to live comfortably. I have no debts ... Giving credits to *Roch Dungca-Schreiber,* (my fin. adviser) she saw me through the process. *_Look-Her-Up._* Stay Motivated!!!

[@helpmemyidbanned8060]

I want to say thank you to the guy in the comments who recommended cannafarm ltd to me. Youve been very helpful. Thank you!