“I Have A Lot Of Debt And No Money”

[@kay22100]

It’s refreshing that he is trying to consider his sister. Some people will just use their family until they die. Glad he’s learning this at 21 and not 41!!

[@PeaceToAll-sl1db]

go vote for Trump today

[@analyticalchick3064]

You missed the part where actually his sister is kicking him out.

[@Aarrenrhonda3]

We are debt slaves. We are paying debts from borrowing done in our names, without our consent for the most part. But rather than get a bill in the mail, the interest is built into every good and service we buy. We are the embodiment of debt because the cost is paid by the very lifeblood of the consumer, earned over a strictly limited time called a life. We live on a prison planet.

[@Olsontim21]

The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. Meanwhile, foreign nations continue to desire the U.S. dollar, despite their own economies facing significant challenges, some even worse than that of the U.S. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.

[@Dantursi1]

@@Olsontim21 Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@Rachadrian]

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

[@michaelwiebeck3]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation

[@Rachadrian]

“Annette Christine Conte ” is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@littlebylittle1686]

our guy might only be 21 but he'll be good. His heart is in the right place. Good luck lad 💪

[@DiscoFang]

Jade's hair has it's own credit score. It's the most powerful Ramsey personality.

[@DorathyJoy]

It's a bit annoying and unfortunate. When i was born, the national debt was $2,150 per person. Now it's over $100,000 per person. And I'm not even that old. It's truly alarming and best advice get out of debt, make regular investments and be debt free and financially stable.

[@sharonwinson-m8g]

Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@RaymondKeen.]

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

[@SandraDave.]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation

[@RaymondKeen.]

My CFA Melissa Terri Swayne’, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@BellamyGriffin19]

she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing

[@Aisha_babii]

I drove past a dealership yesterday and saw two young guys walking in and I screamed to myself “NOOOO DONT DO IIITTTT!” 😅

[@BREEZYM6015]

I would buy you lunch.

[@deeb2056]

😅😅😂😂😂

[@ramon1327]

And then they paid cash 😂

[@ufchighlights1]

Did you just assume their financial situation??

[@austintomkewitz3981]

​@@ufchighlights1 did you just assume that the commenter assumed their financial situation? 🧐

[@Ryan_DeWitt]

It is shameful that the banks will give that kind of loan to an 18 year old.

[@davidbrayshaw3529]

"Here you go, son. Here's $50+k. Go spend it on a rapidly depreciating product and just give us $700 p.m. for the next six years" "But just remember, you're not responsible enough to drink a can of beer".

[@hbarudi]

@@davidbrayshaw3529 Our laws... Banks have control of government and continuously pass laws in their favor...

[@suen5006]

Probably the dealer ship - I bet he has a super high interest rate.

[@richardgreene9220]

Yep. Legalized theft.

[@14elvira14]

Jade just casually looking gorgeous 🥰

[@rsimmons1980]

LOL, stop it. With that Beyonce hair.

[@Edgar_Allan_Poe_50]

Yeah she's fine

[@KathleenMcNe]

She could be a model.

[@siva47931]

What's on her head? Cause it ain't her hair

[@BREEZYM6015]

​@@siva47931How do you know it's not her real hair?

[@christinal3041]

Jade hair is insane! So gorgeous !

[@topsykretts2264]

Jades hair 🔥

[@KathleenMcNe]

Jade is gorgeous.

[@alananderson7903]

You realize it's a wig, right?

[@tiannadeshon]

@@alananderson7903so!

[@rcathegreat4358]

So when Jade puts on hair that makes her more ,"white" people love it lmao

[@Jessica-kt1jw]

@@alananderson7903so

[@PepeToTheMooon]

Bro needs to focus himself on an actual job. These random side jobs aren’t really cutting it. Or sell the truck and get a beater.

[@jimmymcgill6778]

A beater will not work. He most likely driving a lot. You do not want a beater, and have to keep fixing it.

[@droid2D2C3P0]

​@@jimmymcgill6778not every old car needs a ton of work. Not to mention it really does not matter. He can't afford the truck. Math is math.

[@thomasdalton1508]

He needs to do both.

[@BREEZYM6015]

​@@jimmymcgill6778I have a 1979 GMC Caballero that gets me to work and back. Unless he's driving from state to state then a used car would be fine.

[@PepeToTheMooon]

@@droid2D2C3P0 exactly. Get yourself a 2010-2015 vehicle. Anything Japanese made should last a while.

[@RobertAnthonyD2]

Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

[@JosephEricx2y]

The deeper your investment roots, the stronger your financial security will be in the future.

[@MargaretOlivia2u]

I would love an introduction to an adviser who can help me strengthen my financial roots.

[@MargaretOlivia2u]

Thank you for this amazing tip. I just looked the name up and wrote her.

[@nathanielmorgan3592]

A financial institution will not give him an unsecured loan for half his income with bad credit. He's stuck like Chuck until he earns enough to cover the difference.

[@BREEZYM6015]

I make $28 an hour and drive a 1979 GMC Caballero. I'd rather look poor and not live paycheck to paycheck than have a fancy car that doesn't impress anyone. 😂

[@jimroscovius]

Why would ANYONE want to pay a $600 car payment?? Wouldn't you look at that and say NO WAY? I sure would!!

[@bonniehall578]

I didn't buy my first house until my forties and I now have my second house and looking at getting it paid for this month. Buy as you can afford not as wanted.

[@reese85]

How old are you and how much did the houses cost?

[@jimroscovius]

​@reese85 The amount he paid doesn't really matter. He probably made less than what people make today. Our first house cost about $77,000. But that was about 35 years ago and we made a LOT less.

[@reese85]

@ @jimroscovius it does matter! As I mentioned to u b4, money back then went a lot further than it does now. Regardless if ppl are making slightly more

[@jeretso]

New truck again . Get a beater car next time haha

[@barnabusdoyle4930]

Next time yes, but at this point, it may be better to focus on pounding out that truck payment than selling the truck and getting a lesser vehicle. Doing the math, he owes $30k on the truck, might be able to sell it for $15k then spend $5k getting a beater car, he’s not that much better off than just keeping the truck. Depending on the potential issues with the beater compared to the truck, keeping the truck could quickly make more sense.

[@BREEZYM6015]

​@@barnabusdoyle4930The payments on that car are too high too keep paying for it.

[@jeretso]

@@barnabusdoyle4930 Beater builds up his resume and he installs car audio so he is handy with handy friends. His truck is $679 plus insurance is higher on a nice truck. I bought a $1000 beater, cheap insurance and fix as I go. Heck he can get 2 beaters like mine if you worried about reliability.

[@JoeyNYSDnomad]

He needs a stable job, the gig is not paying the bills. No more borrowing.

[@LinusK500]

Banks are not going to want to give him a loan, with no collateral, bad credit and limited income. Even if they did, he's better off with a reliable truck, than a beater that may leave him stranded. He should focus on increasing his income, and paying off the debt he already has.

[@nickstark8479]

Getting a beater truck is better for his position because he can't afford the payments... Even if the car breaks down and he needs to pay for repairs, it's unlikely that the repairs would cost 700/month or 8400/year.

[@LinusK500]

@@nickstark8479 I mean, when you break down in traffic, and then you have to get it towed, and then the mechanic takes advantage, because he knows you're desperate, and you're about to lose your job, because you can't get there without a car, it adds up. Especially if you actually wind up losing your job.

[@nickstark8479]

@LinusK500 Sounds to me like he doesn't have an employer, so no worries there... and even if he misses out on a job (if thats the type of work he does), it doesn't seem like it would cover the $8400 per year loss if he's only bringing in $600 working 40-50hrs weekly. Also, he said he doesn't use the truck for work, so he likely doesn't need a truck to begin with. A cheap, reliable, used sedan should be more than fine.

[@haloimplant7678]

I got a credit card at 19 and never carried a balance. Some parents teach that they are a payment method not a debt instrument

[@bigcahuna42366]

One of the primary reasons why people are underwater in their vehicles is because they buy a rapid depreciating newer model, put little to no money down on it, and work hard with the dealership to get their monthly payments as low as possible. DUH, it's basic and simple math.

[@kendrapratt2098]

21 and worried he’s running out of time to buy a house?!

[@bettysmith4527]

I know, right!! He is in for a rude awakening when he realizes he probably won't be able to afford a house for another ten years or more!

[@alananderson7903]

I never want to own a house. Don't see the point.

[@bettysmith4527]

@@alananderson7903 Who cares?

[@WhatIsThis-zq4hk]

I worked 84 hours last week. And my situation isn't nearly as desperate as his. He needs to pick up some more jobs. He's 21, his knees don't hurt yet. Go work more.

[@carpediem6431]

Especially as a carpenter.

[@VoiceOfReason919]

Try seven days a week 12 hour shifts for 3 months straight, thatll take away your soul

[@VoiceOfReason919]

This is my first weekend in months

[@ineesmachado]

@@VoiceOfReason919I’ve been doing 7 days a week, 75h for the past 2 years

[@Rashaadthegr8]

My auntie told me before I went to college while I was in HS. They going be on college campus trying to sign you up for a cc. Don't you sign up you don't have no money. As today is Tuesday Truist bank was right there with their wheel of forutne you could spin if you signed up. On the wheel of fortune was free pizza, tshirt, etc. I did a about face and never sign up. But I did get one for like 3 months at my local bank. I lost it. Then had to pay the minimum balance. Then also was another learning lesson. Either way I learned that CCs are a terrible tool to build wealth.

[@AnneCaulder]

After my son drove off to college, the card offers started filling the mailbox. I threw them in the fire pit. He didn’t want them and waited until he was 24 for his first and only card. His credit score is better than mine. 😂

[@jimz_rules4957]

Please STOP telling people to “go to their credit union and get an unsecured loan.” The credit unions are not in the business of getting high risk unsecured loans. I can guarantee that the loan officer will laugh at this guy’s request for a loan.

[@bryan0359]

I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏

[@giselastefan2180]

I am from Miami United State🇺🇸, The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.

[@carlosalberto54754]

I'm from Brazil 🇧🇷 I and two other of my friends tried her immediately we testified her performing wonders.

[@jordanmorris9663]

Thanks to my co_worker who suggested Mr Lucy Mary Liam to me

[@kenrobin8736]

Please how ?

[@kenrobin8736]

I want to stop my pet time job.

[@carlaritchie331]

He needs to get a full time job. Get in the game and start utilizing his potential. Use his current side hustles above and beyond a real job.

[@BrianW211]

Working 40 to 60 hours per week and earning $600 per week. Do the math, that's $10 to $15 per hour, and you can bet he's not even counting his business expenses. This guy lives in Florida where minimum wage is $13.

[@Timothy-y7e]

The title of this video could be the title of 99% of these videos 😂

[@amanda.c.ice.]

🤣🤣🤣

[@BREEZYM6015]

"I don't know what to do with all of my money". 😂

[@alluringbliss4165]

Truck is almost 50k. That’s a lot.

[@jvolstad]

My credit union is refinancing vehicles all the time in order to lower monthly payments.

[@yellowroses8736]

We also cut up our credit cards, then the credit card company sent us new cards. So Ironic. Like this guy, we thought we could be responsible this go around. We were better, but the fact is, it takes time to change habits and it's so easy to slip back into those bad habits that were normal for us for so long. We are debt free now, but credit cards are not a part of the picture at all. I do believe we could be more responsible with them now, but I don't even want to have any part in it anymore. We are better off without them.

[@mega408]

Why do poor people like new expensive cars? When I was poor, I bought a 20 year old car.

[@bettymiller1308]

And I still have a 20 year old car!

[@Bushidough]

My little cousin who is 21 just bought a brand new Honda civic last month and my little brother who is 19 literally just bought a 2016 Camaro last weekend… told them not to but they wouldn’t listen. 😂

[@Baiyoubai]

I work at a pretty large company and I noticed the younger folks who just started their careers tend to drive newer and fancier vehicles, whereas people like me who are in their 40's and 50's and on much higher salary levels tend to drive more modest vehicles and even beaters.

[@Bushidough]

@ i believe it’s the mindset. I’m 29 and i remember being at that age and thinking… i need to look cool and I’ll get hot chicks. Reality no one really cares.

[@Twotonetonyy]

I understand the logic behind getting a loan to pay off the difference of the car however a lot of banks and credit unions won't give you that loan. I know it's elementary stuff but they check your credit income how much debt you have 99% they won't give you that loan, speaking as someone who works in the financial institution industry for 10+ plus years

[@josezavala3317]

If you financed a 50k truck at 18 you deserve everything that’s coming to you.

[@Snakebloke]

Why. Do people. Keep. Financing. Cars. WHY?>!?! It's so bloody frustrating. I spent $3500 CASH, on a Honda Civic Diesel. I ran it for three years, I loved that car like a child. Stop trying to _keep up with the Joneses!_

[@lechatel]

Preach. We spent less than £2k on a Honda Civic. It was 18 years old. It is brilliant. We've had it 4 years. We'll run it till it falls apart. Then we'll buy another one of a similar type. Cheap motoring with no debt. Bliss.

[@nickstark8479]

Financed a new car 6 years ago. Didn't mind since it was at 0% interest. Personally, I'm glad I didn't pay all cash up front. But I will admit, it feels good that my last payment is at the end of this month. 😅

[@Feonalilly]

Because I'd rather give the bank 1k in interest after 60 months rather than drop 40k cash on my car

[@JC-gy4xs]

The sister needs to bring him to the local mil recruiting office.

[@angelr4429]

The problem with getting a beater...you are literally one major issue away from eating up any money you might have saved.

[@brittanyb5942]

Yes!

[@jimroscovius]

Not if you save fast. I've driven beaters and they were fine.

[@suen5006]

Not really if you research and buy an older but historically reliable car. My husband has a 1999 Subaru Legacy. Get an older Honda or Toyota.

[@angelr4429]

@@suen5006 did the research…cars in the last 15 years don’t last as long as they used to due to electronics systems. Plus, it’s more complicated and expensive to service them.

[@seeyourselfclear3518]

Although I hated to do it, after my car caught fire on a freeway with my kids, I purchased a new vehicle. It’s 12% of my income, and was $60 grand. I attempted to trade it recently but thought about the cost of buying used with more miles and paying the same for used 4x4, in comparison to what’s left, $30 something now. I don’t think anyone want debt like this, but after situations happen, you tend to make your best decision from that. Wanted 4x4 so when our road washes out. Couldn’t afford to buy a beater 4x4 when mechanics in Cali charge an arm and a leg if something happened.

[@daver7929]

"I am trying to improve myself." Oh really hahah

[@AlexT2048]

if he sells the truck and gets into the credit union debt then how is he going to make $600 to $700 in income without a reliable vehicle.

[@richardgomez5008]

Your first major purchase should be a house. An old car should be your transportation till you can afford an up grade. ❤🇺🇸❤

[@JustinCase780]

Holy Truck!

[@Desertbiker617]

Always!😂

[@Eightball2516]

If he owes that kind of money a credit union will not give him a loan especially if he is tapped out I have tried or your interest rate is really high

[@enigmathegrayman2953]

I don’t make a lot of money, however I don’t have debt.

[@jasonbornne7767]

Dude probably doesn’t even pay taxes on his income 😂

[@TWLogik]

And it should have never been approved. Folks need to start showing pay stubs and tax returns to buy cars. Salesman will lie abt anything to get a sale.

[@whothou]

@@Lelalu84 uhh, that's not how it works lol Especially since he's self employed. To be fair though if he's only accepting payments in cash that's his only way to avoid taxes

[@Homelander_EJ]

@@whothouF the government they ain’t getting my money. I work under on the table.

[@alinatamashevich3354]

Put the payments on your CC and use the cash back to pay it off in a year.

[@stud6414]

What? How does that work. Serious question

[@TonyCox1351]

Is this comment for real? The ‘cash back’ is 2% at best lol

[@AmukaAkuma]

Yeah, because this time he will definitely not mess up, and dig himself deeper into a hole. ffs.

[@TonyCox1351]

@@stud6414it doesn’t work. Most dealerships won’t even let you make payments on your credit card, some that do will charge you a ~3% processing fee thus nullifying any cash back, and in the rare instance it works it will only give you 1-2% cash back which is inconsequential. Not to mention the added risk of missing your CC payment which has much higher interest. This advice makes zero sense in most situations.

[@DiscoFang]

Brain dead comment.

[@UnknownUser-1776]

Should have purchased a Tacoma bro! They maintain their value.

[@tonysilke]

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.

[@Nernst96]

Diversify your holdings across several asset types to reduce risk rather than putting all of your eggs in one basket. If you don't know a lot about finances, speak with a financial expert.

[@PatrickLloyd-]

Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.

[@PhilipDunk]

@@PatrickLloyd- Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@PatrickLloyd-]

Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@PhilipDunk]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@saladboy1465]

oh i thought this was the other I can't Breath thing

[@Blittsplitt5]

Don't listen to George. 3600 gross a month at 21 is not terrible. IDK why they make our salaries sound poor when we're out here trying our best to make a living. At least we have a job lol

[@amireallythatgrumpy6508]

Still can be better and should aim for better.

[@Fred2-123]

His problem is not the income. His problem is that he owes so much money.

[@cscorona1]

There isn’t a car payment someone can say where the hosts won’t go “yeee…”.

[@carolr7823]

How did they him finance that amount with his wages?

[@TonySmooth678]

I was looking at Jade ….What was this caller talking about?

[@yourfavoritelashboo3479]

I’m teaching my daughter right now at the age of 15 that credit card debt is not good

[@bettysmith4527]

I want to know what Jade's hair budget is monthly!

[@Chinunit22]

I don't take anyone below 25 seriously. Especially ones it comes to finances.

[@ROCKETS2965]

Nothing like “building your credit” by opening new credit accounts that DROP the average age of your credit, thus dropping your score…

[@jimmylegs06]

"Fool me once, shame on me. Fool me twice, strike three"

[@allpraisetothemosthigh7770]

Fool me once, shame on you. Fool me.. you can’t fool me again! Look up the George Bush Jr gaffe, it’s hilarious.

[@analyticalchick3064]

Caller starts describing doing work that should pay at 16 an hour or more, but the breakdown is that he makes less than 15 an hour? Sounds like he's lying about how much he works. Sister is giving him the boot because he's lazy and whiny and refuses to **GRIND**.

[@misspiscesdreamz]

Welcome to the club!

[@cryptolounge]

Listen, that truck payment wasn't bad at all, but he is under water... He definitely needs to be more conscientious about his spending habits.

[@DesertDreaming24]

4:13 unless he has BAD or NO credit!!

[@deeb2056]

Sell it numpty!!!

[@DeAnneRidge]

Lol

[@debragiovine9797]

Dude ... the answer move back to Mom and Dad.. 31k income is nothing"" live with the parents pay off the Debt and save money....and once your Debt free and money save "" than move out"" this 2 Jay & George Don't know anything"" about your situations ...""

[@BrianW211]

It's funny how Ramsey show hosts all say that credit scores don't matter, but they also tell people to sell a vehicle and get a loan to pay off the upside down balance. I would love to hear back from people with poor credit that tried that route.

[@TheDjcarter1966]

Well if he had really poor credit he couldn't have got that truck. When will America understand for most people their financial freedom, savings, kids college fund and retirement fund is literally sitting in their driveway!!!!!

[@BrianW211]

@@TheDjcarter1966 He got the truck and two credit cards 3 years ago, when he was 18, and apparently, he missed credit card payments since then, although that's not clear because they interrupted him before he could fully explain it. But, yeah, he bought an expensive truck when he was 18 and not making good money. Automobile marketing works really well.

[@Fred2-123]

You won't hear from people with poor credit who went the route of getting a loan to pay off the upside down balance on their truck/car. Nobody would get a loan because no bank or CU would make them a loan.

[@troytruong8246]

He is in better shape than i am at 40yoa! I have $80k in bad debts, renting, bad credit, make make $8k/month for 3 years, no kids, no wife, have a gf, monthly outings and entertainments $2,000. I'm living paycheck the paycheck. I can't pay off any debts,!!!!!!!

[@VaibhavKatoria]

Will you spend 500 USD on 1 on 1 financial learning sessions (20-25) sessions in total, is it a good offer or not as per your opinion

[@hopeful876]

The only thing that gets me is no one talks about dental. Health insurance isn't that important too? They only talk about basic stuff like credit cards. Dental, eye and health insurance isn't that important too?

[@balancingfamilyhealthcaret8144]

Dental and vision insurance can make sense to get if you are employed and the employer pays a good chunk of the premiums. For self employed folks what you can get is usually a wash for dental as the max amount of payout is only 1 to 2 k and you have to pay the full amount for the premium. Vision usually isn't worth it either. I ran the numbers and even with free exams, plus the cost of VSP premiums, plus the insured price for glasses and lenses, and my family is better off paying out of pocket for exams and purchasing glasses online through Zenni. (Delta Dental and VSP are the dental and vision insurances I found to be recommended by many folks who are self employed, but the numbers don't make sense for my family to sign up.) Now health insurance, catastrophic insurance, or being a member of a reliable healthshare is definitely best to have in order to protect against owing thousands or hundreds of thousands of dollars should one need surgery or more than a few days of a hospital stay. I wouldn't go without one of those options.

[@danielpicha630]

yeah, but is he safe?

[@kylemccarthy02]

😂

[@machinesnmetal]

What happened to chris hogan?

[@zo_471]

He got caught having an affair and got fired

[@machinesnmetal]

@zo_471 man I miss that guy

[@TexasMade903]

​@zo_471 So, Dave Ramsey fired him for committing adultery? Interesting

[@etuitivemillionaire]

2:05 Sir you sleep 🛌 on your sister's couch. You are not independent

[@austintomkewitz3981]

No he sleeps on your sister's couch

[@BV-Auto]

Get ready to own nothing and be happy.

[@amireallythatgrumpy6508]

Just like 90% of people ever.

[@timmyjay4424]

I support a lot of what this show says, but if you don’t have a decent credit score do they really expect people to be able to buy a house in cash?

[@orangecat5036]

21 worried about time lol. I'm 48 scared to open the front door on days cause the grim reaper migth be waiting for me the other side of the door lol.

[@katarzyna4515]

Seriously, if I were him, I'd probably join the army

[@VaibhavKatoria]

How much would you like to spend on financial education ( one on one) sessions?if u decided to take coaching

[@danieljohnson4418]

"I can't breathe." Dude has been listening to too much Deloney.

[@Jericho9696]

Tell me where he hurt you

[@Tavi-u4x]

I dont know how this kid got a truck In your 20's thats the time to figure out what you want to do with your life His sister is correct She is not stopping her life plans for this kid Period! He does not have a official steady job He will go into debt with credit cards he cannot payoff Truck payments INSANE He cannot afford it!

[@Shortballa11]

Im so confused on the math. Is he making $2,400/month or $3,600/month. Thats a world of difference at 21. Maybe somewhere in between since its not consistent.

[@Cavscout101]

I've never had a car payment more than $350/mo.... people are absolutely crazy

[@raymondkizer1216]

What have you done to keep it so low?

[@ctsvblk]

@@raymondkizer1216don’t buy a brand new car, put a good down payment on it

[@Cavscout101]

@raymondkizer1216 buy cars that give me a payment of $350....

[@alluringbliss4165]

@@raymondkizer1216I assume good credit

[@reese85]

Depending on the person! Ppl would think your absolutely insane for having a $350 month payment 🤷🏽‍♂️

[@MAK11-11]

With your skills you are making $12 an hour. $600 per week / 50 Hours after taxes. Trade schools are making new Millionaires.

[@iamkarmenvolmink]

Omg does Dave know you recommend credit union 😮😅 George!! 😅😅😅

[@IrisP989]

How does a person with a low income get a car loan with a high car payment like that?... Doesn't make sense..

[@alberttang6955]

Dealerships are knowingly giving high interest car loans to lower income people with poor credit. The dealer wants to collect the high interest payments until the buyer is tapped out, then they repossess the vehicle when the buyer defaults on the loan. Once they have the vehicle back on the lot, they sell it someone else.

[@IrisP989]

Thanks for explaining. It sounds like a scam basically.

[@July-qo7jp]

$600-700 a week? Pull your socks up son this isn't 1980

[@ttech4313]

I’m 21 and that’s a great income for someone my age 😂 yes he can make more but it’s not that easy sometimes

[@davidbrayshaw3529]

It's always easier said than done. Not everyone pays minimum wage and if you work a job with a high degree of physicality, there's only so many hours per day that you can do.

[@July-qo7jp]

Wrong. I work in Florida and bid handyman jobs on the side I crush the retail bids and still charge $75-100 an hour on average for painting carpentry etc and a lot more anytime I touch the lathe or welder. I don't know what this kid's skills are but if you can even pretend to be a painter you should make $700 in 2 days I charge that for 1 day and the phone book/google ad companies are double what I charge. ​@@davidbrayshaw3529

[@AoibhegreineGwendolyn]

Do credit unions go by your credit score too?

[@Fred2-123]

Yes.

[@Cookieboy70]

8:04 they said it wrong. It's fool me once shame on you, fool me twice.....you can't get fooled again.

[@markbrown5117]

This advice to take out a 15, 000 loan is terrible given the high interest rate.

[@mariovargasgti]

I thought he said 6700 a week???

[@godsdozer]

depreciating assets. :(

[@Evroyal]

Have a lot of money and no debt folks

[@sidehustlevikki1066]

Just here to say that Jade that hair really suits your face well! I love it 😍

[@VaibhavKatoria]

How much would you like to spend on financial education ( one on one) sessions?if u decided to take coaching

[@barnabusdoyle4930]

It’s very unlikely he will find someone to buy that truck for any reasonable amount of money. It might be better to just focus on pounding out that truck as quickly as possible than try to sell the truck for a loss and take on getting a new vehicle.

[@DiscoFang]

It was a 50K truck. I'll buy it for 20.

[@barnabusdoyle4930]

@ $50k when he bought the truck, you know their value drops like a rock. Plus, how many people have cash on hand for a purchase like that?

[@DiscoFang]

Yeah it’s dropped like a stone by 30K in value since he bought it. Tbh I’m not sure if the 50K included the interest on the finance he’s paid. Either way he said he thought it’d be worth about 20K and he still owes 30K. Like I said, I’d happily pay $20K cash for a truck that’s already taken that big of a hit in depreciation. Desperate seller.

[@DiscoFang]

But I do agree, he should keep the truck and by keeping it, I mean 10 years at least. He’s only 21 and once it’s paid off it’s paid off. His focus should be on earning more however little and smashing out that debt.

[@Dre2011]

I like how Jade was like you have a $1000 left, then you got to eat so that leaves $700. Who is only spending $300 a month on food?? lol

[@NatalieStevenson-u3n]

I manage on 40$ a week in Canada. 50$ would be extravagant! (We have expensive food here, so you get creative)

[@Dre2011]

@If you don’t mind sharing. What does a week of groceries look like for you?

[@TimesUp8888]

​@NatalieStevenson-u3n A carton of 12 eggs in the US is like $8, so I'm not sure it's possible here. Staples that once were cheap aren't anymore especially if u care about buying food that doesn't have GMOs or all manner of chemicals that no other country allows in their food.

[@analyticalchick3064]

@@TimesUp8888 I just bought eggs for 2 something.

[@donniemoder1466]

6 to 7 hundred per week is 31.2k to 36.4k annually. What does he expect to pay per month for a rental apartment? Anyway, sounds like he is not established as a carpenter yet but he is still young. Doing everything means you are an expert in nothing, hope he figures his situation out.

[@jreinel1966]

Running out time to buy a house at 21?...I don't think so...!

[@kylemccarthy02]

Social media

[@James_Hough]

Running out of time? I bought my first house when I was 29 and almost 25 years later, I wouldn't have done anything differently. This isn't a race. Make good decisions going forward and whenever you are able to but a house do it.

[@Observer100-cn7gv]

Don't feel sorry for anyone who wants to have a "truck" to feel better about themselves and to try to impress people. Don't know what's wrong with you people and your trucks. "My truck." Oh please. Go sink in debt because you want to appear a certain way. Anyway, this child will be fine if he learns to be humble. You never needed a "truck" in the first place. That's what stupidity tells you to do.

[@alberttang6955]

In certain segments of society, "real men" only drive a big pick-up truck. Sedans are for women and sissies.

[@dannymartial7997]

That “new truck” cliche again 😅 When will America learn? At this point, “new truck” is synonymous with “Nigerian prince”. IT’S A SCAM 😂

[@strangeroamer3219]

But it looks nice. Have you seen the rims? 😂

[@barnabusdoyle4930]

$700 a month for a truck that he doesn’t need for work. Why in the world did he buy this thing? This is the problem with people who buy these trucks, they live their truck but didn’t buy it for any real reason

[@alberttang6955]

For a lot of guys, a big shiny pick-up truck is part of their masculine identity, not just a work vehicle or a means of transportation. I have coworkers and neighbors with this mentality. They would consider it humiliating and emasculating to be seen in sedan like a Toyota Camry or a Honda Accord.

[@MichaelSBowen]

Caller: I’m in serious debt…..Financial Advisor: What’s the problem…..Caller: I bought a new truck………WHAT IS IT WITH ALL THESE TRUCKS?

[@simplybeef8232]

He learned a hard lesson..luckily he learned it early in life...