"You Know This Is Insane!"

[@High5748]

Imagine having a take home pay of 240K a yr and not being able to get a loan. This is a whole new level of problems that I'll never understand.

[@TheFirstRealChewy]

It's too suspicious. They borrowed $100K from a friend and took our a secondary loan in order to find the money to buy this one house. Seems like a disaster waiting to happen.

[@cjdontthink2]

I think she is lying about their income...

[@cyoohoos]

My family calls this “Rich People Problems”

[@MisterUrbanWorld]

@@cjdontthink2 i know people making 100 to 170k annually with no savings

[@tommycoe2333]

Imagine making 240k a year and needing a loan

[@valeriesuelove]

This woman just said, “I have no debt,” yet she and her husband literally owe the bank, and her friends, six-figures of debt. The level of denial is what got them here💀

[@rachelels]

Denial n stupidity bc maybe she doesn’t know the definition of debt

[@BabyGators]

Brain. She meant she has no brain

[@woodside4life]

No debt… except for the debt

[@goldgeologist5320]

No they have 7 figures of debt for the house alone!

[@john1023va]

And the IRS

[@Executor009]

Imagine having three mortgages on the same house and have the audacity to think you have no debt.

[@millsykooksy4863]

"don't look at your kids as an ROI opportunity." That's actually really awesome wisdom right there.

[@ji-inroh495]

This is why I stopped caring about "the wealth gap." There's a massive gap at my workplace where everyone earns pretty much the same salary. I've seen broke lawyers and broke doctors. They sure do drive nice cars though.

[@proper.role.model.819]

I try to explain to my family (who brag about people they know "doing well" and making good money) that just because you know they make it does not mean they have it. They think Im jealous or something. NO, I HEAR THE CALLS. Most people ARENT good with money especially those who have more of it.

[@MrLalasd]

Yep. It all just people not wanting to hold them self accountable.

[@mocheen4837]

I grew up poor and have no desire to go back to that life. I splurge at times but remain frugal.

[@anthonyfaucy2761]

Nowadays anyone even the 'poor' can have anything if they are willing to be be in debt and be charged insane interest rates

[@Zee06]

I drive a Porsche. But, I paid cash for it, so it’s paid in full. Most other of the other Porsche owners, who make more money than me, have financed their cars. Feels weird to drive a Porsche, being debt free with a middle class income, yet seeing other Porsche and Ferrari owners having debt who have higher incomes than me.

[@lauralane1760]

The $100k loan from family. $2500 x 7 yrs (84 months) = $210k. The loan costing them $110k 🥶

[@john1023va]

Loan shark is what that family member is.

[@fanny2fr3sh]

Right! The interest from a family friend is insane.

[@archeanchaos-s4c]

@@john1023va That's what I thought, they are charging 24% interest.

[@trent797]

"Overspending on kids" is also called "spoiling kids."

[@SDALLE99]

And spoiling kids is called “none of your business”. Don’t be envious just cuz you can’t afford to spoil someone else.

[@STRThermal]

@@SDALLE99 You clearly didn’t listen to the whole video. These people have serious issues with money. They don’t have the money for this. Spoiling their kids is just part of it.

[@jray9661]

@@SDALLE99 how we gonna “mind our business “ when it’s on the internet… it’s everyone’s business now ma’am.

[@tomw485]

Disagree… spoiling is not strictly monetary. It’s more of a mentality. Letting your kids do whatever they want when they want and buying whatever they want is spoiling. You can be middle class or working class and still spoil your kids rotten. Spending a lot of money to put the kids in a bunch of activities isn’t necessarily spoiling. You think the kid wants to spend every single evening after school and in weekends in a bunch of various lessons and sports nonstop so they have zero time to ever just chill and be kids? Because that’s the kind of household this woman seems to be running. That’s not spoiling that’s burning out your kids. The fact it costs money to do all this stuff doesn’t mean it’s spoiling.

[@truebengalsfan]

@@SDALLE99 just can you can afford to blow money don't mean you should

[@luminous6969]

This is why you never loan money to friends and family, they don't even think of it as debt ffs.

[@Azel247]

She makes a lot of income but she mistakenly thought that makes her rich. It's not how much you make, it's how much you save.

[@uberboiz]

Yep - classic example of highly educated but financial illiterate individuals.

[@stephenjohnson5562]

And how much you spend! Can’t save if you spend it all.

[@firstbornchannel1525]

Yes how much you save and Invest in an asset like generation income.

[@aarongorman8237]

I would say it does make her rich. However, I think she thought it made her wealthy, which she is not.

[@Liimpy]

@@uberboiz degrees dont make you smart

[@desimo147]

Several of my friends invested heavily in their kids sports activities, even going to different countries with them in travelling leagues. It did pay off in some ways, as several got scholarships for college. However, it also caused multiple surgeries and two of these kids have severe concussion issues that will affect them for the the rest of their lives. One of the kids has gone through major bouts of depression (for several years) because their identity was so wrapped up in their sport, that they couldn't function when they could no longer play due to the concussions. Plus, when these kids get to middle age, they are going to have knee, back and hip problems and will be dealing with a lot of pain for years on end.

[@genglandoh]

Very good point.

[@annetraut8247]

I was one of those sports kids who worked out 3 times a day for years. My sports were volleyball and soccer (even though I hated soccer). I am still close with the girls from my vb team and the general consensus is that even though it was a lot of fun and we loved playing volleyball, our knees, backs, ankles, and shoulders are all permanently messed up. All of us have arthritis in our mid-thirties. All of us have had surgeries and years of PT. It is not worth the lifelong pains that come with taking that sort of repeated beating on your body.

[@Godblessed2]

And all the money spent on the sport and travel just to get a scholarship could have gone in some type of investment account while they were in school to help pay for college.

[@sfc5774]

My thoughts exactly. It would be interesting to see the amount spent on sports/travel compared to the same amount as invested savings.

[@elizabethallen4353]

"Math wasn't ready for this house purchase". 😂😂

[@nic_ccc3366]

Did she say she didn't know the "exact numbers" of what she owes her friends? Oh dear.

[@alrbredwall]

Another example of how earning potential is not directly correlated to intelligence.

[@luminous6969]

I kinda wish I knew what they did for a living cos I'd like to do a job that pays so much and is also so easy that it requires no intelligence whatsoever.

[@tristan2332]

​@@luminous6969Sales

[@ryankiel4895]

There are plenty intelligent, they're just not prudent and spent foolishly with their money.

[@HighCountryRambler]

"We have no debt", then begins listing $8,800 per month in miscellaneous debt...

[@bt2598]

Insane

[@jill9606]

Debt on steroids. It’s amazing.

[@bluestateconservative.4118]

The second one of them loses their job, they are done for. No house is worth that stress.

[@bee12355]

Exactly. Not much room for anything. That’s just crazy. That will cause problems with her family member when she can’t repay the debt

[@JustinCase780]

Why did she even call? She already knows everything. She would make ordering coffee complicated. 20K month net take home. 😂

[@bee12355]

They take home a good salary, but don’t know how to manage their money. They need financial peace university. They are living above their means. They make too much to be this broke.

[@pkdude5334]

this is a classic case of keeping with the Joneses

[@tomw485]

No it’s not.

[@alinatamashevich3354]

@@tomw485 Oh, yes it is! They live in a 1.2M home, all of the kids in that neighborhood have all that and more at their disposal. It comes with the income/status.

[@ensignmjs7058]

They ARE the Joneses.

[@pkdude5334]

@@ensignmjs7058 no. there's always someone with more. it's just a different neighborhood.

[@alinatamashevich3354]

@@ensignmjs7058 Bingo!

[@chedbeckford8067]

I wish Dave was on this call. But Jade and Dr John did a good job getting to the meat of the matter. There are a lot more people living like this, its crazy man

[@gibblespascack1418]

Yes there are a lot of Americans living like this and most of the country believes that this only happens to the middle class. Remember the start of the pandemic and two weeks after the shutdown, there were lines of $40K SUVs, in the line trying to get food because they are out of work and cant buy food? This is half of America living paycheck to paycheck and the amount of income does not matter. It is never enough income for them.

[@katyedwards3935]

He'd just scream at them. These two are much friendlier than that. He should stay behind the scenes and not do the show anymore.

[@elizabethallen4353]

I'm Dave's generation, so all this "investing" in kids isn't really relatable. John and Jade did a great job connecting with her and gave her sound advice.

[@katyedwards3935]

@@elizabethallen4353 He probably listens to the show in his office and calls in behind the scenes to give advice to the others using a filter so they don't know it's really him.

[@elizabethallen4353]

@@katyedwards3935 🤣

[@fjorge4014]

Never, never, never borrow money from friends or family.

[@poeticprincee9750]

I knew this rule even in elementary! There is no way!!

[@britneythao]

The other way is more important: Never ever let your friends and family members borrow your money. You will loose them and your money.

[@AllynHin]

This caller's situation is insane. They already can't afford the extravagant house, which they need to sell right now, and she's talking about overspending on her kids. Overspending with what? She *says* they have no other debt, but I'll betcha if you asked her if they have car loans, she would have said yes. If anyone needs FPU, it's this caller and her husband.

[@angel-ij4xv]

no kids for me

[@robnelson6545]

It’s probably not extravagant, just not n an expensive location

[@AllynHin]

@@robnelson6545 Extravagant: adj, lacking restraint in spending money or using resources. If they spent more on the house than they can afford, it's an extravagance regardless of whether or not the location is why it's so expensive.

[@jaymepechan2115]

I don’t agree that they should sell the house. Real estate fees will kill you. They need to wipe out their other debt as quickly as possible… then clear their second. With one mortgage and no other debt, they would be fine.

[@AllynHin]

​@@jaymepechan2115 How do you propose they "wipe out their other debt" when they're already strapped to the max? Yeah, they might get hit with costs in selling the house, but it's the lesser of the evils when trying to get out of that hole. I personally don't think they'll do it. They're of the mindset that they feel like they have to live above their means. Keeping up the appearance of a lifestyle you can't afford will ruin you.

[@ADAWGSLIFE]

Thank you for answering this question about kids activities… I send my son to all kinds of summer camps every summer but as things are getting more expensive and he’s not always thrilled about camp enrollment, we’ve decided to pull back this summer and just spend quality time together at home… I was feeling guilty! I’m sweating 😓 listening to this mortgage situation this person is in… 😮

[@genxx2724]

Kids like to watch movies with a bowl of popcorn and camp in the back yard.

[@LDM805]

​@@genxx2724 Seriously, my best memories are of doing free things.

[@reese85]

@@genxx2724depends on the kid

[@SevenHunnid]

I do food reviews while I’m high on my KZbin channel, first mexican to hop on the tube & do This 🙇‍♂️

[@davidbrayshaw3529]

Kids have got to learn how to be bored, too. You're raising them to be self sufficient. And ask yourself the question: "Am I sending my kid away to summer camp for him, or me"?

[@marygassman-baltierra3530]

Jade, preach!!! The first step to change is admitting you have a problem.

[@anthonyamato6367]

It’s amazing how bad some people are with money. Mind boggling actually.

[@ryankiel4895]

Agreed. This could be a classic case study of how a physician ends up practically broke at the end of his life.

[@jamesgrassl6121]

240k a year and a $1.5 million home in California isn’t outrageous. The way they financed the home is.

[@stuffykong]

The overly complicated way she explained what they owe (and to whom) felt like she was dissembling, like there was guilt in it.

[@Soldier4life-H5]

240k a year CANNOT afford 1.5 million house lol... not even close

[@MrBacon-ou1kw]

@@Soldier4life-H5 that's 240k take-home. It's probably a little over 400k a year gross. Definitely not outrageous. They just financed it horribly.

[@pawelek7]

Borrowed $100000 from friends for 7years. 84 payments of $2500 that equals to $210000. Hmm. Good friends I guess.

[@robloxvids2233]

Smart friends. Probably from a red state, not Commiefornia.

[@ItsMe-co4bj]

Exactly what I thought ! I can’t believe they didn’t bring this up with her and discuss this further. UNBELIEVABLE !!!

[@MaryBethMcCoy]

I think the caller said she borrowed the money from a family member, not a friend.

[@pawelek7]

@@MaryBethMcCoy even better

[@BearsBeetsBattlestarGalactica1]

i was gonna show this math too. i get charging interest but that is crazy.

[@ColleenJoudrey]

I dont mind my kids trying on all the hats they want to but never all at once. Besides, many kids need downtime to learn and sometimes heal from overtraining. Like adults, kids can also get burned out from being over-scheduled. My kids do one or two extracurricular activities at a time and their secondary choice is free/low cost.

[@shachede6828]

I can’t even judge, I have done done stupid and I’m undoing my stupid slowly

[@ryankiel4895]

No, if an action is stupid or foolish, we can judge it to be such. How else do judges and juries pass sentences on criminals who break the law? We might not be able to judge a person's heart or what motivates him, but we can judge a person's actions, if it is objectively wrong or foolish.

[@BohemianDollhouse]

She needs to sign her children up for personal finance courses.

[@josephsantangelo2801]

Dave would have lost his mind on this call. Lol

[@britneythao]

He would cream out of his lungs😂.

[@mfbikle]

“I had to buy $1 million dollar home” said NO ONE

[@earthquake1011]

But you realize in CA and parts of northwest to get your kids into good schools sometimes you have to, you can’t go by 25% take home should be your mortgage, in Boston average people would have to make 188k gross to afford 450k home, that gets you bare bones in a good school strict

[@landon7283]

Yeah in the PNW (Portland and Seattle) you will spend min 800k to get a good house in a decent neighborhood with good schools. Bay Area you will spend 1m for a average home.

[@leelahasan3988]

I mean if you work in LA and want to live there, then kind of yeah

[@BabyGators]

@@landon7283 exactly. It’s a good reason not to live in those places.

[@scottsanders2474]

The caller was right. A million-dollar home in LA is usually a shiite shack. That is just the way it is out there. That's one of the many reasons my wife and I left CA 20 years ago. Anyone who hasn't experienced the CA real estate market has no idea how crazy it is to live in the metropolitan areas (LA, SD, Bay Area) in CA. We sold a townhouse and netted $225K after paying off the mortgage in 2003, moved to western NC and bought a ranch house for cash and have lived there ever since without having a mortgage. We plan to stay until we're 10 toes up. If we had stayed in CA, we would still have another 5 years left on the mortgage on the townhouse.

[@Sam1628]

Imagine having that much income and being that broke at the same time. I’d be curious to know what percentage of that income is going towards investing

[@reese85]

It’s not as much as you think especially living in la

[@jwlsngold5026]

None, at this point they can't afford any other out flow from that monstrous take home. Geeez

[@Westcoastguy]

They probably aren't investing anything due to their financial situation. I know. Crazy with how much money they make.

[@untouchable360x]

@@reese85 I made as little as $45k/yr in LA and I was doing way better than them.

[@kenyattaknox5163]

WELCOME TO LA

[@ruthirwin8222]

My daughter told me one day when she was playing the piano in church she got very emotional when she thought about all the money and time i had put into it, i told her that thought had never even crossed my mind

[@nickvasquez85]

I don't understand how these high income earners don't understand basic finance and budgeting 🤦🏽‍♂️

[@Makalon102]

I would imagine they have always had a previleged upbringing so they take everything for granted

[@JasonGroom]

​@@Makalon102 Or just as likely, they were raised with nothing and now they think they can have everything

[@arianagomez1875]

They get to the point where they think their money is infinite , they believe they are already millionaire or they think they work so hard that they deserve everything

[@MrBacon-ou1kw]

@@Makalon102 almost certainly the other way around actually. Rich families teach their kids how to handle money, that's how they stay rich. Poor families don't teach their kids how to handle money, so when they get their hands on significant amounts of money, a lot of them end up in these types of situations. It's the same reason why the majority of professional athletes go broke within a few years after retiring. Also why lottery winners go broke within a few years. The vast majority of those people come from poor backgrounds.

[@fatimamanneh9432]

Another example of the more money a person makes the more they waste

[@naxariisstudio65]

When it comes to money, it ain’t about how much money comes into your pocket. Rather it’s about how you manage it and that’s what determines the level of insanity one may have!

[@Riceblox2000]

How can they not pay cask for everything making $20k a month!!!!!!!

[@dec1slh]

Lifestyle creep

[@JosPlays]

I know right...... If I had 20k per month I would retire in like 10 years already 😂

[@123lexlex123]

If I can make a monthly payment I can afford it mentality. It leads to unnecessary financial stress in people lives.

[@kagnewcobra5228]

How much we make doesn't matter. It's how much we spend. Basic economics learned in high school.

[@amireallythatgrumpy6508]

@@kagnewcobra5228 Basic economics says it's BOTH in combination.

[@iomis2001]

Taking a loan as a down payment is insanity.

[@stephennutt3058]

This lady needs to do some simple math that friend just doubled their money by giving that loan...

[@GeneG-wk2mz]

Yes indeed 240k a year and you by 1.5 million dollars home don’t make sense should’ve brought 200k house and done condos and rented term outta then save up and go fir the big house. Common sense

[@tenderwarrior68]

Glad I'm not the only one who noticed they're paying almost 53% interest. Math mustn't be taught anymore.

[@mkwyche]

Great deal for their friend that gave the loan.

[@kelvinpang438]

​@@GeneG-wk2mzI dont think you can get a house for 200k in Los Angeles, lol, good joke.

[@asnmdnss]

​@@GeneG-wk2mz $200k in CA is a mobile home bruh...if even that lol

[@senorbautista6143]

Kids see you overspend/invest in them… they will expect that the rest of their lives.

[@audreywy1743]

These are the same people that "have to" have name brand everything. Every family member has the latest phones, computers, tech, unnecessary travel, shopping, eating out constantly, etc. Stop. you're your own worst enemy.

[@zoraster3749]

People have a bad habit of complicating their lives and justifying why. More questions: how old are they, how old are the kids, what are their careers and where are they in them, is there an opportunity to grow their income or are they at the top…

[@mr.kilanski4254]

We need Dave for this house. these two are too nice 😂😂😂

[@jenniferhao8902]

This is wild, I can’t wrap my head around how they got this house and then trying to keep up a lifestyle, it’s overwhelming. I hope they make necessary changes to get out of this mess, if they want to of course.

[@dc76384]

She's from California..that explains the mindset.

[@genxx2724]

So am I. I have an austerity mindset and have achieved financial independence.

[@harjimbaugh4234]

@@genxx2724 cmon dont bullchit me

[@genxx2724]

@@harjimbaugh4234 🌶

[@yeseniarebollar6070]

Leslie from CA, I'm praying for y'all 🙏

[@Phantom-darkness]

The cemetery was my only fun as a kid. They had a large pile of dirt in the back we could climb. Then on the far side of the cemetery there was a 25 foot drop onto railroad tracks we would ride without protection down and usually crash at the tracks. Well it was the early 80’s. For real fun we would climb the tres in the graveyard or find the oldest crypts and climb on them.

[@genxx2724]

How very respectful. I’m sure the family members of the folks buried there were so comforted when they saw you.

[@youngblood23rb]

We had a 15 foot tall levee, slide down on cardboard or roll down, hide and go seek, tag, all free, didnt play organized sports until 8th grade, now days the status symbol of choice is organized sports

[@katemiller7874]

Disrespectful.

[@genxx2724]

@@youngblood23rb Kids need to entertain themselves and learn how to solve the problems they get themselves into. Kids nowadays are hothouse flowers.

[@americafirst9144]

How did you turn out?

[@Jack-kj1zu]

Confusing how she said they were ready to buy a home when in fact they were not ready to buy a home 😂

[@QueenRissa_34]

Exactly….not ready at all!!!

[@Kim-bv3xn]

nah, they WANTED too.. not needed too

[@RandomAmerican23]

That family member is a savage LOL.... making $110k in profit off the loan.

[@mr_c7vette]

Yooo I was just doing the math on this.. That's insane

[@JakeStewart1343]

They deserve it cause the bank wasn't dumb enough to do the deal 😂

[@DebtFreeDad]

They have no budget 20k a month and you borrowing from family

[@alanj9978]

They wanted their first house to be their dream home.

[@DebtFreeDad]

@@alanj9978 right, no such thing

[@reese85]

@@alanj9978they don’t make enough money to afford a dream home in la

[@robloxvids2233]

Embarrassing childlike behavior.

[@daystar73]

An 8600 a month mortgage is insane!

[@h.m.536]

Yeah that lady hung up and thought “well, that was a waste of my time. They want me to fix my thinking, and all I wanted was help finding more money to spend.”

[@striperkid]

I don't know where to begin with this. She's living way beyond her means. They need to sell this house yesterday and walk into a $500k house. After that, they need money management lessons. Good grief !!!

[@JettingChen]

“B-A-N-A-N-A-S” 😂😂😂

[@probuilder961]

They signed up for over quintuple their annual salary on a house? Ouch!

[@commonsenseisntcommon1776]

I cant see how people can afford houses in Commiefornia!

[@troyspears6470]

Thats pretty standard. The mortgage would not have been an issue if they didnt borrow for the down payment🤦‍♂️

[@peteranon8455]

@@troyspears6470 Honestly, if you wanted to buy a house in orange county for a million dollars, you'd have to make 200K just to have un undersized income.

[@tomw485]

Welcome to CA

[@Fishouta]

They're in LA. Yeah, a million dollar house is not much of a house there.

[@linuxsurfer2002]

Dr John at 3:42 sums up this call perfectly.

[@annetraut8247]

$2,500 a month for 7 years works out to be $210,000. Girl, your kid activities are not the problem. It's time to slash your spending all around to get that knocked out in the next year.

[@shall6702]

They’re spending 42 percent of take home on the house. Makes me wonder if they have other debt she didn’t disclose as with no cars nor other debt they could get by, maybe.

[@christophermartin972]

$2500 month loan payment for 7 years is $210k on a $100k loan. They must be really great friends to screw you over like that.

[@Afrinaturality]

The borrower is slave to the lender...

[@moontakeen]

20 thousands a month 😂

[@shadowofanubis6669]

20k a month take home and In all sorts of debt. Can you imagine if they got that taken care of AND learned about proper spending? Sheesh.

[@throughmyshadow]

Is it legal to take out a loan for your down payment? That’s not mortgage fraud?

[@hollyb6885]

I thought you had to show the mortgage company that you really HAD the down payment money. When my sister and her husband bought a house a few years ago, they had to prove that much of their down payment came from the money they got as wedding gifts. What a nightmare that was.

[@dec1slh]

​@Holly B you can get 1st lien, second lien, use gifts, and have down payment as long as everything is documented properly. Or maybe the got the second lien after the 1st closed.

[@probuilder961]

Some travel sports can eat you alive, financially. Don't get me started on equestrian sports!

[@youngjedi5599]

Lol! 😂😂

[@lot2196]

Yes, same with any type of motorsporrs.

[@cgasucks]

Watch an early episode of The Simpsons when Lisa gets a horse and the expenses for it were so high, Homer had to work at the Kwick E Mart to pay for it. He worked at he Nuclear Plant during the day and the convenience store at night. Cracks me up how little sleep he had in that episode.

[@genxx2724]

It takes over the whole family’s life. I don’t agree with that. Then at some point the kid never does the activity again.

[@zoraster3749]

Not to mention the time investment

[@aaronsacks470]

"You can't get anything for a million." That's a real quote from this caller.

[@maryl.2787]

If she's paying $2500 a month for six or seven years (she says both) to her friend, she actually borrowed between $180,000 and $210,000...?....! How can you be off by so much?

[@Ostro1980]

I swear some people just call in to flex on how much they make.

[@spiritualcosmeticss]

But It doesn’t matter if they made a million dollars per month if your spending half of it on housing like they are! It’s not about how much money you make it’s about how much you keep and they aren’t keeping much!

[@zoraster3749]

Sometimes. I don’t get that vibe this time, you can be high income and levered up to where you feel like you’re struggling. The anxiety can actually be higher because you have so much to lose and so far to fall and you feel like you’re dancing on the edge of a knife trying to do what you “feel” you should be doing and should be able to do. The trick of course is using a high income to deleverage by obliterating debt and freeing up income to do other things. That isn’t what these people have done.

[@dc76384]

Exactly

[@reese85]

It’s only a flex if you take it that way

[@ihaveadreamformykids4400]

They live in California. $250k income is like $100k-150k anywhere else

[@christinehopping5040]

Poor rich people

[@nathanielcarreon5634]

Sent kids to private schools all the way thru college but bought a " cheaper" house in los angeles 30 years ago. Kids are now professionals on their own and no regrets.

[@abigaildelgado7846]

Same. I'm in the era of kids in private college but we live within our means. Old home, our first home with low interest, Nissan for cars, and we sacrifice some things for their education. An investment in their future.

[@joshkiefer1315]

As someone who gives tennis lessons at a country club, I greatly appreciate parents like this who just want their kids to try stuff

[@bmwlane8834]

I bet you do! Lol

[@nickvasquez85]

​@@bmwlane8834 $200/hr private lessons 😂

[@woodside4life]

😂😂😂

[@brewsandbass5572]

Seems like they make a lot but not for LA.

[@AwaseMike5137]

“If the bank won’t lend it, you have no business gettin it!” That’s a quote for a mug, t-shirt, email signature. I love it.

[@TonicBlade]

Man... If anything I would try to pay off the family loan as fast as possible. This will catch up with them overtime :(

[@burritogod59]

We could buy like nothing for a million 😂😂😂

[@MrBacon-ou1kw]

to be fair the median house price in la is 1.2mil so they aren't kidding

[@Buggu3]

Having money truly can’t solve stupid😂

[@martinrbookermb]

I love these videos. How do people who earn so much money end up like this? If I borrowed $20 off a friend I'd have to give it back the next day. I hate owing anyone money. Recipe for disaster this one.

[@curiouscat3384]

It wasn't a friend, it was a "family member" - probably their multi-millionaire uncle

[@wickypickyvicky]

How she kept referring to Leslie's family member as friends!😂😂😂

[@Fishouta]

Because Jade has issues with listening.

[@ludovicusclericus]

This woman has no sense of accountability

[@ldtriton]

YES...! Love the "Jade Stance" 😁

[@Dan51320]

Fact of the matter is, is that they didn’t HAVE to get this house. They chose to. They made this choice. They could’ve rented a house for $4k/mo temporarily and still pay half as much monthly as they’re paying now and then she wouldn’t have even had to call the show about her kids’ activities.

[@genxx2724]

They were stupid to buy a house during that run-up. Okay by me. I sold my rental just before things started to cool. Laughing all the way to the bank.

[@tlgmc1908]

@@genxx2724 I made that mistake, but I sold it right now before losing equity and still made a little bit of cash. I would have been in a better position just renting and buying stocks, but lesson learned. What she has to do is own that she made a mistake, which she's not doing

[@johndone8045]

Renting for 4k a month is stupid no matter how u call it They make like 350k before tax, they are fine

[@Dan51320]

@@johndone8045 of course it’s stupid. Frankly, it’s stupid either way I was just using $4k as an example of what they could be saving. And they’re paying $8k/mo for a house payment plus $2k or whatever for kids activities. They’re not fine, no matter how you call it

[@chief5981]

@@johndone8045 who cares about before tax pay.

[@markburnham7512]

There is a powerful force in all of us, and it's name is "I Want". It can create, and it can destroy. The best we can do is know it, and use it carefully.

[@MarkYeung1]

Jade and John did a fantastic job on this call.

[@MarkYeung1]

The caller had bought too much house.

[@MarkYeung1]

@john Smith precisely. She bought so much that she's unable to pay it down. These Americans are out of their minds.

[@curiouscat3384]

meh

[@Afrinaturality]

These people are living life on the edge! My girl said the bank would give money to a pet. 😅

[@afrothundar]

It is true that if you are in LA and want to live in a nice neighborhood with good schools, you’re going to be knocking on a million. But if you can’t afford it you might need to think about moving.

[@MrBacon-ou1kw]

they make 400k/year gross they can afford to live in la with a 1.5 mil house, the problem is they financed it horribly by taking extra loans for a down payment when they could've just rented for a year or two and saved that up easily. Now they're stuck paying back double the amount they were loaned

[@simplymincy]

This is why we're in a bubble. I bet most of the reasons she spends like that is the circle she's in and wanting to keep up.

[@simplymincy]

They* can't just put it on the wife

[@justinballard7242]

Caller : I have no debt except for the massive debt that I have

[@laurarose6829]

The math on the 100k loan is crazy. She’s paying giant interest on this family loan

[@anthonykence9954]

The costs of things in California is nuts.

[@costco_pizza]

I don’t think the Ramsey hosts understand this. It is just way too expensive the live there. I completely understand why this caller is in the situation she is in.

[@greggpurviance7252]

Grew up CA, all my family still there, NO way they had to buy that house. That is nuts

[@costco_pizza]

@@greggpurviance7252 but that is the only house that was available to them. They had no choice but to buy it. They likely could not find any other option.

[@greggpurviance7252]

@@costco_pizza I assume you are being sarcastic

[@donatelloslappafello1108]

Not the whole state and not even los Angeles is as nuts as this lady made it for herself. I have to work in los Angeles every week and I can't get out of here fast enough. Literally even because its a giant all day traffic jam.

[@tabithapartin3626]

I love listening to Dave Ramsey, he is able to LISTEN and ask the right question. This guy was rude and just annoying to listen to. Can we get Dave back? 😢

[@panzaverde20]

Did she said there is nothing for a million? 6:30

[@Ian_Beale_Eastenders]

I rent a bedsit for £450 a month including utility bills. These numbers give me anxiety

[@eggsinsideme]

Where in LA are you?

[@ryankiel4895]

Dude, that's 450 British pounds! He lives in England.

[@AltaicPride01]

What is bedsit?

[@Ian_Beale_Eastenders]

@@AltaicPride01 google is your friend :)

[@simonthebroken9691]

My monthly expenses all in are about $4,200. This lady is over double just with the house debt. WOW!

[@pkdude5334]

it's all relative

[@meds714]

I'm guessing you also don't make 20k a month.

[@simonthebroken9691]

@@meds714 That's correct. Only 10k.

[@simonthebroken9691]

@P Krott Relative to what? $8,600 is 43% of their monthly income. How does that work? 15% is the target.

[@ryankiel4895]

You just contradicted yourself by saying that everything absolutely is relative.

[@MultiTlp]

we are debt free except our mortgage....and the $100K we owe our friends and the thousands and thousands we borrowed from our family..................omg. Wake up

[@luminous6969]

That's why you never loan money to friends and family, they don't even view it as debt.

[@williamho7393]

Wow, the truth reveal on its own :o

[@jasonsaeger]

I think what honestly blows my mind is the fact that these people are able to earn 10 times the amount of money I make per month yet be so simply stupid with math!

[@9liveslisa]

Kids need love and stability. Invest in your kids by spending more time with them. That means more than you spending a bunch of money on things and stuff. And as for the house, good luck paying the property taxes and upkeep.

[@deb9806]

And what sane friend loans that amount of money. Just so they can have a house they can't afford on their own.

[@reginacameron3011]

That is living above your means

[@coolaunt516]

John's reaction at 3:43 lol.

[@JakeStewart1343]

It must have distracted Jade because later in the call she thought the friend loan was 15k not 100k 😂

[@cariceanderson5995]

😂😂😂

[@oroville12345]

She lives In LA. says it all.

[@michaelhirvela1862]

The lady said they borrowed $100K from a family member, but at $2,500 / month for 84 months, that's $210,000. Huh? Something smells here.

[@Godblessed2]

Two words: House poor

[@RC94332]

Absolutely ridiculous. And these are the people telling the rest of us how to live on til tok. Completely inept and a financial wreck.