Young Parents Still Living With Their Folks - Til Debt Do Us Part 403 - The Bottom Dwellers

New parents Brandon and Tamara moved in with his parents to save money and pay off bills. But living rent-free in a cushy suburban house complete with a pool hasn’t given them much motivation to become financially independent. And while Brandon loves his two part time jobs, they don’t bring in enough money to support a family. Headstrong Brandon is used to getting his own way, and when Gail gives him some tough challenges, fireworks ensue.

[@rebeccaleach2920]

Eating sushi whilst her dad buys nappies and they both smugly smiled. When they knew they could not go bankcrupt

[@denisebarker9288]

He had at least 10 bicycles in the garage. That could have been sold for a big chunk of money to get rid of some debt.

[@spokenwordpoetries]

Agreed. I don't get why Gail didn't tell them to liquidate all but 1 and throw it at the debt. Also, they needed to get rid of the car toy and get a cheap car that runs.

[@Preservestlandry]

Her old dad bringing the diapers to them. Shame on them.

[@worshipthecreator9081]

Absolutely.. I.would never

[@myyt3824]

With rent at only $200, they should be debt free with a pile of money to buy a house. NEVER ENABLE YOUR KIDS WITH LOW OR FREE RENT UNLESS THEY ARE PILING UP MONEY TO MOVE OUT SUCCESSFULLY!!! That’s exactly what I did. I lived with my parents while saving 50% of my net income and bought a house.

[@elizabethallen4353]

Same!

[@maureencrispin307]

Well done😊

[@DeathShiniGama]

My mom lives with me and does the same thing. She never paid rent for 2 years and then started paying 400$. Which is like.. not even half of the mortgage let alone any other Bill's like internet/power etc. Also her name is on the house. 🤷‍♀️ (Both my parents moved out when they divorced and I sort of took over then my mom moved back in 4 years later.)

[@dominikaroszkowska4295]

I wasn't paying any rent and bills for the last two years when living with my mum. I was made by her to save as much as I could, so I did - 65% of every salary. also I was paying by my higene items, medical help, holidays and stuff. in few months I'm moving to my own flat. i'm so grateful that she let me live rent free and so

[@ImOnAnEffinBoat]

did you start out with 70k in debt , a baby, and a 50k combined income lol

[@nascar88gyrl]

I would force him to sell all but one of those bikes.

[@joycef8443]

I wonder if those bikes are financed and cannot be sold without the money going back to the financier.

[@nascar88gyrl]

@@joycef8443 If they're being financed, sell them to get rid of some or all of the debt.

[@lolareh8756]

I agree that he should sell all of those bikes he's collected. Unfortunately this was shot probably 2007 or 2008 it's now 2022, so we will never know. But they did seem like a really nice couple and I hope they've done well. I also hope that she's stayed on birth control cuz they didn't need another baby added to their burdens.

[@lynngonder581]

Ditto!

[@mariayelruh]

$3,000 for a bike 15 years ago was an enormous cost. That wasn't all bike he bought. It was being the first and the prestige of that brand.

[@LisaApril]

This man-child is a father and he’s worried about him not liking his work! This is life buddy, when you have a child it’s about the child and it’s no longer about you and your wants. It’s about your responsibility to your child and their future. The two of them are oblivious, and I do feel sorry for their child to grow up in the basement. There’s only so long your child can be in the room with you before it starts to get weird.

[@matthewbrown6163]

Exactly !!!!!

[@chloecamp8714]

Nope, it's only so long before the grandparents are taking care of the kid & dude is living in the basement with a different chick. They're lucky the student debt will go away with bankruptcy, it doesn't work that way in the US, student debt never goes away. But Gail is correct, it will take them twice as long to buy a house w/out bankruptcy.

[@JehanineMelmoth]

@@chloecamp8714you’re completely wrong! That child has done an update on them further down in the comments.

[@rebeccaleach2920]

These pair are not stupid he wants to live at home doing a job that keeps him so he can play play play

[@leslietrivette91]

He sold a bike! Without being forced to. Good for him!

[@ruthirwin8222]

Just one wow

[@bovnycccoperalover3579]

Loved the fact that they didn't blame the other for their debt. That was huge.

[@phaldaz]

They allow their parents to buy the diapers, I would happily jump off a building before that happens to a child I 'accidentally have that made me move back to the parents house'. These 2 are flipping aggravating!!

[@sandysmith71]

Yes

[@deborahblackvideoediting8697]

One thing that disappointed me is that Gail didn't give them the challenge to find better paying jobs. He even said that he could work at a factory for $30 an hour! Even if he did it for only 5 years, it would get them out of debt and saving for their own home. And she has a degree in kinesiology?! She could be making big bucks working as a physiotherapist or a personal trainer!! But she chose to work in daycare, one of the lowest-paying jobs there is. And you can run a licensed daycare without any type of education. However, on the plus-side, they didn't have to declare bankruptcy and they both seem very excited about their budget and their plans for the future. Hopefully they've done well.

[@spokenwordpoetries]

Yup! Making more money was key for this couple. I wonder why she didn't give them a dollar amount they had to bring in and let them choose how to meet it. She's done that with other people before.

[@jibrilamvs]

Because the debt was too out of control already. Even if they increased their income; the interest payments alone would have eaten up too much of their income regardless.

[@kathryndockrey1477]

This is one of the few times I disagree with Gail, concerning declaring bankruptcy. Sell his "toys", and use their income to pay down their debt. If they are living debt free, they can put 90% of their income on their debt. Funny how when bankruptcy was taken off the table, they made a plan to pay the debt

[@ChantalsBulgingEyebrow]

ive seen some other comments that say that he might not have owned them, they could be financed and a part of the debt. idk if that is true, but if he owes most of the money on the bikes still, then selling wouldn't rly help

[@haute03]

As the previous poster said, I don't think he owns all of those "toys."

[@spaRKLES88604]

That’s what I was thinking too? They are virtually living rent free with only 200 dollars covering rent, hydro, internet, telephone, power, they only had to buy food. They could have used like 60% towards debt repayment and just lived and did small things out

[@laundrygoddess4]

She wouldn't have said that if it wasn't for the student debt. That they can't do anything about and it was too much of a debt load for them to dig out of.

[@Iworkwithnitwits]

I am shocked Gail told them to go bankrupt. That is not taking responsibility for their debt. It is legalized theft.

[@jellybean1252]

The guy is childish , a wimp. He is the first one to breakdown when Gail said they may have to declare bankruptcy. Gail was right - he needs to get over himself .

[@VioletEvans-yt2fd]

And the student loans are still due! 64,000 they can’t declare bankruptcy on AS IT SHOULD BE!

[@susanma4899]

My husband and I were pretty strapped at one point. We both got jobs working in a factory. He suffered from carpal tunnel as a result, and he's an artist--you don't want your hands getting messed up. (And he has a master's degree in fine art and sells paintings, he's not just a dabbler.) Both of us were able to quit and his hand got better after a month or so. I made sure I was making enough for him to be able to quit. You do what you have to do.

[@sandmill93]

💖

[@legzfalloffgirl5148]

That's an amazing story. I'm glad your husband's hands were able to recover and you see like an amazing person for making those sacrifices to prioritize his health ❤ ♥

[@sandysmith71]

Exactly! Great job

[@Bob-yh7ir]

Degree in recreation and leisure studies ??!!!! ROFL !! Coffee went through my nose on that one. That says all you need to know about the mess they are in right there. Yeah, I want to go to school to learn underwater basket weaving so that when the oceans rise I will have something that pays... lolololol.

[@Preservestlandry]

It's to provide therapeutic or occupational therapy in an institutional setting. It's not for HIM to do recreation. Ffs.

[@LL-fd7xn]

What a ignorant comment. I know someone who has the same degree from Bock University and she was a Leisure Manager for a Multi million dollar Hotel chain. And now she is a GM for Wine Cellar Estates. It's all about putting your mind. Also be a people person when finding a JOB.

[@danielasanhueza2448]

@@LL-fd7xn wow, really? tell us more

[@LL-fd7xn]

@@danielasanhueza2448 Well why do we have intro courses to philosophy , classics and history? Also think outside the box!

[@DX-d]

18:11 she’s stunning!

[@annhopkin5079]

disgusting I cheered out loud when I found out they couldn't declare bankruptcy those apples didn't fall very far from the tree.

[@CaraMarie13]

I love that the whole "do what you love and you will never work a day in your life" was as pervasive then as it is now. Like people, do what you like after your day job.

[@purpurina5663]

You can also come to like or appreciate what you do due to a sense of commitment, pride for a job well done, because you learn. It doesn't need to be a dream, it just needs to be reasonable.

[@rebeccaa2433]

If you truly go after what you are passionate about, the money and opportunities will come. You just have to persue it with all you have. My work is hard, but I love it and never regret going back to school at age 40 to become what I was meant to be. God wants us to use our talents, that's why he gives them to us.

[@jenniferwilliams6494]

They don't plan on doing ish when she leaves. They will take advantage of his parents generosity. They were way to happy about not moving.

[@MrsEJV]

I’m 90 seconds in and am in love with that baby!

[@Krash2o9-wp7jc]

Thank you! I’m Kaden (the baby from the video but now 17 years later)

[@rebvanwinkelstein2578]

Did they move out?🙂​@@Krash2o9-wp7jc

[@carolynm9798]

My daughter and her fiancé and daughter moved in with me RENT FREE for 3 years…and then they did not move out. It took legal action to get them to do what I knew they could--buy their own place.

[@jenniferwilliams6494]

Omg, that is horrible!! They took advantage and you.

[@DX-d]

@@jenniferwilliams6494it’s her daughter!!

[@Sheraz_ad]

@@DX-d Yes they're children who take advantage of their parents!!

[@crankyoldlady5433]

I’ve lived in my own since I had a baby as a teenager. He’s 13 now and I went on to have two more. Always supported my children alone and put myself through school providing all 3 of them. This floors me. It’s great to live together if you all work together, and it makes sense. Taking advantage is not ok. Sorry you had to go through that

[@jtidema]

@@DX-d So? A daughter who took advantage of her mother.

[@GIChiyo]

It shocks me at how so many people get a degree without thinking about the job prospects, that's just reckless pending at that point ffs...

[@doonewatts7155]

True but schools pump into you that university is your only option because it was for the teachers

[@anabaratta8171]

He should sell all his bikes just keep 1 😂

[@shaereub4450]

As someone who is single and works at a daycare, I completely understand why she left after having a child. (Because leaving one daycare and going home to another is not great).

[@carieyounginsurance]

That man needs to get two/three jobs and they both need to sell everything except the baby! Children enabled by parents to be irresponsible. Sad

[@christinebutler7630]

Give the baby for adoption to responsible people!

[@Liimpy]

2 sheltered kids who never had to work for anything

[@JehanineMelmoth]

You know they have jobs, right?

[@ruthirwin8222]

Yep they earn about what i earned in a shop 50 years ago

[@gkhwpgmom]

The life coach was too easy in them. With that amount of debt they both need jobs on an assembly line making $30 and hour.

[@Iworkwithnitwits]

Assembly line jobs don't make that much unless you are assembling cars but those detroit jobs are gone.

[@davidsensing2664]

Brandon is the type of "man" that makes me mad. When you have a wife/kid you have got to provide for your family. Yeah, if it takes working at a job you hate to provide for them then you do it. Hobbies are fun, when you can do them. I see SO MANY "men" that neglect their responsibilities to play. Kids are great but expensive. Take measures to prevent their arrival until you are ready. It won't be long before their child is the most mature one in the house at this rate. How selfish do you have to be to buy a $3,000 bike but then have to ask your parents for money to provide diapers for you kid?

[@terraalbritton6405]

She came to the bankruptcy meeting wearing pigtails. They are children. He started crying about the potential bankruptcy and she comforted him. Usually it's the other way around.

[@droid2D2C3P0]

You say that like there's something wrong with a wife comforting her husband showing emotions?

[@juditharsenault2131]

And what's wrong with pigtails? I like them!!

[@SignedOff402]

@@juditharsenault2131 are you 12?

[@joesmith3590]

@@droid2D2C3P0 their is something wrong with the woman being stronger then the man. That is how you end up being a man like this.

[@roxys744]

@@droid2D2C3P0 I would hate too see him in a crisis! He would be standing BEHIND his wife and child while they fought! That’s the problem. He is a weak, little boy. Not a man.

[@RobertHurleyJr]

In the US you can't get rid of student loans with personal bankruptcy.

[@Iworkwithnitwits]

Very true.

[@Frissdas1207]

8$ an hour with a degree...? Wtf? I have a high school diploma and make more than both of them combined.

[@jenjones90]

This was filmed in the mid-2000s.

[@TheDingobat]

​@jenjones90 it was filmed in 2008 the year I graduated highschool. I worked on a paper assembly line making 26 bucks an hour, 12 hour days. I made more than both of them combined after high-school. There's no excuse for there super low income. Especially back in 2008 everyone was hiring lol I hated my job but the sacrifice allowed me to buy a house and pay for uni.

[@jilliansherrard2152]

This was the way it was in 2007

[@jvick953]

Canadian $s must be worth way less then this crap down south. I'm thinking 30 to 40% less. That's scary becuase our $s are worth crap now a days

[@1tylerose]

With a degree in kinesiology it would not take much more money or time to get a degree as a physical therapy assistant and have a much better income

[@samsamcupcakes6476]

Maybe he's not that good at it... He took 2 extra years...

[@agatanakonieczny2213]

@@samsamcupcakes6476 It was her.

[@samsamcupcakes6476]

@@agatanakonieczny2213 Oops... That's true. But none of them seemed to use their education...

[@NellyMacharia]

She could also have gone into an LPN, Nursing or Personal support worker any healthcare field 🤔. Dude would have gone to a trade school for truck driving even 🤔

[@jreinel1966]

The lady said,you 2 are very smart?..nooooo,i don't think so..!

[@camaya9065]

The second piece of advice they needed was making more money!!!

[@solidstate9451]

50k a year with a 200 dollar rent a month is luxurious!

[@camaya9065]

@@solidstate9451 right! That little housing burden these days is the land of make believe 🌈

[@ZillasCoop]

1) I would take bets they are still in the basement in 5yrs time. 2) who let them sign up for all that debt without making sure they will be getting a degree that will net them a job to pay it off? 3) that 4k check should be directly paid to the accounts that their parents cosigned so they can get unchained from that asap.

[@daschundloverable]

good point

[@MrsEJV]

This is where I go on my rant about a half year course in high school about credit cards, student loans, credit scores, budgeting, co-signing. Someone replied “you can’t teach a sixteen year old about mortgages, investments and saving’. Did I say mortgages and investments? No. Savings? Sixteen isn’t too young - it’s too late! My grandchildren get $10.00 a week all in $1 bills. It registers more. Some is to save, some is to share and some is to spend. One just turned nine and the other seven last week. And I use jars! Periodically, they buy gifts for the animal shelter or other charities they hear about. Once a month I take them to the movies and McDonalds. They each get $7 or $8 (never the same amount each month). This is not part of the jars; it’s being a grandmother. They budget their money which is why I change up the amounts. Last week they both wanted large fries with their sandwich but then compromised and had ice water. Perfectly happy and quite proud. Their money, their choice. I’ll never be an enabler.

[@joshuasummers7440]

@@MrsEJV my hat's off to you for teaching your grandchildren about money.

[@agatanakonieczny2213]

He studied 5 years instead of 3, she 5 years for 4 year degree. They enjoy living while abusing others. Many allowed them to do that.

[@marinashear3818]

@@MrsEJV You are a wise, compassionate, nurturing grandmother, and your grandchildren will reap the rewards of having someone in their lives who cared enough to teach them the value of money when they are in their adult years and living on their own.

[@Maya-ln1os]

The parents made it too comfortable. I wouldn't dare remodel a basement for them to live there for only $200/mo!! They'd have to live at floor level...cramped with everyone else AND with a time limit on their temporary stay. If you make things to comfy for folks...why would they put in any effort? Hell, I wouldn't if someone made my life that comfortable!

[@wolfhound1452]

Basement dwellers for life.

[@SignedOff402]

I know several people who are Waiting for the parents to die and the inheritance (or house) arrives.

[@sinkintostillness]

I actually don't think this is a bad idea. Multi-generational living has been lost in western countries. They could stay there but pull their weight, buy out the space from the parents and renovate so they have a small self contained space to live properly in.

[@bovnycccoperalover3579]

I believe that will be the future. It was norm before the post war boom and talk of the "nuclear family".

[@robinh7267]

Why didn’t she make him sell those bikes? They have a lot of things to sell. That would help pay back some debt.

[@peggypeggy4137]

This was a good episode but I think Gail should have given them the challenge of fixing up the basement apartment. Clear out the garage. If they would have gotten rid of whatever they could, painted, organized, simplified, it would have been a half decent space. Also get rid of most of those bikes. Clear up the clutter and pay off that debt.

[@rebvanwinkelstein2578]

Maybe the parents didn t want that 💁🏻‍♀️

[@MrsEJV]

I know this show is Canadian. In the US student loan is not discharged by bankruptcy. That’s a huge chunk of their debt. They also can’t rent an apartment with a BK on their credit report.

[@ManyMannyMan]

Was about to say the same thing

[@MrsEJV]

@@ManyMannyMan ahh! All great minds.

[@sparkdorable]

Hi. Why in US/Canada student Loan is a common thing?in Indonesia, we just go to the university we can afford. So we dont carry the fee after graduate. Lets say you dont have enough money. You can go to public university , if you have some more you can go to private university ( also has different range fee) .if you are lucky. So many scholarship available

[@MrsEJV]

@@sparkdorable Well, it isn’t that easy in the US or Canada. What we consider a “state school” has two tuition brackets, in state and out of state. Where I live in Delaware, a Delaware resident might pay $15,000 a year where as someone outside of Delaware might be $25,000 (I’m strictly estimating figures for the sake of an example). There are many schools more expensive then we top out with the elite and Ivy League schools that average around $84,000 a year. Schools have scholarships but only rare situations it covers everything. There are no free schools although there are community colleges and trade schools that are far more reasonable but have the down side (to many) of not having dorms or status so it’s a big compromise.

[@sparkdorable]

@@MrsEJV thanks for explanation.. 🥰 OMG so expensive..😭😭

[@lulu-iz7bv]

As parents, we are enablers. Lots of us grew up with almost nothing and with too many domestic responsibilities. Way too many "chores." So, we wanted our kids to have a different childhood. Guess what? We have kids who have never even cleaned a toilet or cleaned a house, or washed clothes. We give allowances so our kids don't have to toil for pocket money. We have helped them get college degrees--worthless degrees--like Women's Studies; Anthropology; Art History; etc... Yes, there are some jobs in those fields--but not enough to employ even 1/10 of the "qualified" people. They move back home. Any job they get, they just use that money like they always used allowance. They spend it all. We pay their living expenses. They make babies and then move their partners and babies into our homes. They rack up debt. We keep taking care of them, and we even plan it so they will inherit our homes and money when we die. And you know what "Fresh Start" means? It means that they dump the debt. We, as a society/tax payers/consumers, will end up paying the fallout of the dumped debt. Dave Ramsey. I don't particularly like his personality; but he knows what he is talking about.

[@jtidema]

My parents gave me an allowance - and to get it I had to do chores like cleaning the house or washing clothes or making dinner. There were other chores that were simply expected, like keeping my room clean or putting away my own clothes, that were not for the allowance. My parents paid for my college, I paid for my car / insurance / books / lab fees by working part time at night. They made sure it was a 'solid' degree and I got good jobs because of it. My work paid for my MBA, and gave me a raise immediately after I got it. They helped me find my first apartment, and my father taught me how to change the oil / change a tire and understand basic maintenance on my crappy cars. They HELPED and TAUGHT and ACTED LIKE PARENTS. Not enablers.

[@sandysmith71]

😢 you have said exactly what I think. Amazing! Well said !

[@Handbagqueen23]

He could sell his bikes that would raise some money

[@amandab8433]

THIS! We've told are three that yes "living your passion" is all good, but it most likely won't put a roof over your head or food on the table. We went through this with our youngest as she approached university. She wanted to take Art/Design. So we had her research the cost of school, apartment, food, and job prospects. Then when acceptance letters started coming in, we had her research job and salaries for graduates from the schools. For instance she wanted to go to UC Davis, and was accepted there and to UC Berkeley. Historically across the board the salaries from UCD was about $30,000+ less for graduates from there than from UCB. So Berkeley she went. Also to lessen the cost of school we had her take classes at the local community College that would be transferable to UCB. It made it so her first year she went in during summer session as a Freshman, became a Sophomore that January, and started her Junior year this Fall. She'll then be applying to a Masters program as soon as she is able. Thousands of school dollars saved by doing that.

[@joesmith3590]

Teach your kids that their passion is their family and home. Only a small percent of the world has a good job they like that provide for them. Your job is work. If you want to have a passion use the money from your job.

[@deborahblackvideoediting8697]

So smart of you to have her do that research. And taking some classes at the local college, and then transferring school was brilliant! I was floored when the student they spoke with had no clue what her earnings might be after school.

[@LSantiago65]

Is this a Canadian show? I love it!

[@esmeraldaparker2137]

Yes

[@deliarodriquez7129]

Am surprised that Gayle didnt took him to sale his bikes.

[@JehanineMelmoth]

He probably doesn’t own them. They may well be part of the debt.

[@SilverGirlAu]

Wonder why there was no challenge to earn more $$ given they have degrees? Get a better job or a side gig?

[@agatanakonieczny2213]

What's his degree? Do you remember?

[@katiebellejohnson2688]

@@agatanakonieczny2213 “Recreation and leisure” I think.

[@deborahblackvideoediting8697]

I commented about that too. With her degree, she could be making really good money as a physiotherapist or personal trainer.

[@RH-jf9ty]

They are both completely clueless and far removed from reality. They're simply children.

[@ginnyberg9271]

I’m surprised she didn’t sale half of those bikes.

[@christinebutler7630]

Sell

[@kara2162]

Why did they bring a baby into this mess? And they want another one.

[@marinashear3818]

If they are so in the hole, why are they buying Starbucks coffees?

[@ksf9729]

And piercings

[@AndyinMTL]

cause Starbucks is the best!

[@frankperino4215]

@@AndyinMTL …it’s not! It’s disgusting 🤮 and expensive. Make coffee ☕️ at home!

[@samsamcupcakes6476]

@@frankperino4215 I agree 👍 But I do like their signature comfy rooms...and the atmosphere is usually nice... I totally disapprove their prices though... They are way to expensive.

[@cchaffincc]

@@frankperino4215 I agree! I have never understood the frenzy over Starbucks. Bitter, nasty stuff.

[@joesmith3590]

In debt to make 51k combined. Guy needs to go work construction he would make that by himself.

[@matthewbrown6163]

So glad my parents told me that they would never pay for my university cost I went at night & worked full time. Took me a year longer but I was debt free when I graduated. After graduation my salary doubled but I still lived a simple life - but more comfortable. No Gourmet coffees or brand new car. I went on to complete my Masters & doubled my salary after I was debt free again. I could never imagine being haunted by $200K - $300K debts. I sacrificed my time in my 20's & the benefits came later to me. You must live within your means & limit "your stuff". When you want a future with a spouse ? Stop wasting thousands on crap you don't need. Smoking, Gambling. Online Shopping, Convenience Living are all sucking $$$$$ from your wallet in hidden ways. Look at those who claim to be broke but wasted money on pure crap !!!!!

[@chloecamp8714]

The way people spend $ on convenience is a really interesting social thing to me. It's gotta be the most common luxury people spend on when they can't actually afford it. I know people who don't consider themselves broke with almost no savings, making payments on 50k credit cards & spending like they actually make their income & don't have debt.

[@matthewbrown6163]

@@chloecamp8714 Yes our fuel stops (petrol stations) provide a mini mart for expensive groceries. Apart from milk, bread & fuel, I rarely stop to buy things unless I am caught short. Some people live in these places & I grew up with a corner shop. Again only for shortages as the prices were triple of grocery stores. I like to cook weeks in advance & bring meals out to defrost in the fridge whilst I am at work. I guess I was raised differently & working whilst going to university at night $$$$$ counted to live on a budget but pay my way too.

[@matthewbrown6163]

@@chloecamp8714I returned to work back in our CBD after 15 years away. Whilst I was on superb $$$$ as a consultant I refused to spend $12 on a gourmet coffee. I had to buy an expensive coffee to start my day & then looked for a place to buy a jar of my usual. I paid a CBD price premium but the next 3 coffees were free as I bought milk & sugar too. Now 3 x $12 = $36 + $25 for lunch = $51 a day. x 5 = $255 on food / drinks. It all soon adds up & people cry poor ....................... but MUST have the latest gadgets to look good. Call me old fashioned but free lunches & $150.00 more in my wallet & I win.

[@matthewbrown6163]

@@clevertaghere3297 So glad university here in Australia is 3 years full time & about $35KUSD in all. They will even give you a living allowance & wait until you hit a decent wage before you MUST repay your student loan (it will be deducted from ANY tax refunds). My employer paid for both my degree & post grad studies but the days of getting a degree to earn 6 figures has lost the lustre as trade schools churn out "Tradies" you might call them Contractors on $100KUSD + wages at 23.

[@matthewbrown6163]

@@clevertaghere3297 Nothing wrong with trade school. I started in Accounting at a Technical College before I graduated & moved to university. I think this made me stronger as I went to night classes (pre internet) whilst I worked full-time. If I stopped at that 1st level I was an Assistant Accountant level, I added 2 more years & had my full degree then did my MBA before leaving that company debt free. Yes I was on low wages needing to feed myself 5 nights a week away from home but I made it. This only made me stronger as I saw the results at 23 & 25.

[@JPKnapp-ro6xm]

I don't think these two are terribly extravagant, they just have a ton of student debt that did not result in high-paying jobs.

[@Coastpsych_fi99]

Having a child young for most people will screw you financially. Reduces earning potential and the options for housing

[@nancycozier4018]

I really don't understand this... Did they think all that debt was going to disappear?!?

[@bovnycccoperalover3579]

They didn't think.

[@liveyourlife7367]

They will be ok :) Cute couple and baby!

[@purpurina5663]

What immaturity. "Getting on a bike is my biggest release" when you're a well rounded individual, except in hard circumstances, you're able to balance your stress and find "release" in yourself, the arts, family, and yes, sports. People nowadays need toys well into adulthood because they can't be with themselves.

[@NYCisland]

It's easy to watch these stories in disbelief, but personal finance isn't taught and most parents never talk to their kids about money. And their degrees are in ??? - useless subjects to earn a living. They likely chose them because it was fun. They aren't adults but think the are. They think they shouldn't do jobs they don't like! OMG, most people don't love their jobs, but that's reality, that's what pays the bills so *maybe* they can afford to do the things they like to do. I hope the wife is on double birth control, and that his parents didn't use their retirement funds to build that apartment.

[@elainehunt5339]

Sell the expensive bikes

[@chibivampiregirl]

that baby is too damn cute. big chubby cheeks.

[@Krash2o9-wp7jc]

Hey this is the baby from the video, thank you lol (I’m 17 now all grown up, but I still have the chubby cheeks)

[@esthermarcen7587]

but the studies loan did not really put them in debt if they were working in the areas that they did study because they would be getting paid more, is that they are working in jobs under-qualified, he is not in his field because he prefers to work in a bike shop. He thinks that his area is boring for him, and I think she is not working.

[@jtidema]

Exactly.

[@ddchomeschool]

Are student loans dischargeable by Bankruptcy in Canada?

[@TheDingobat]

They are. My cousin wiped his students loans filing bankruptcy.

[@jingerjar1365]

Please be careful those rds are narrow windy scary with cars galore in some places. Somoma

[@ccjdis]

I can't watch this. 'Declare bankruptcy'? Pay the piper.

[@elizabethallen4353]

Does declaring bk wipe out student debt in Canada? In the US it’s not bankruptable

[@nataliefontane]

Yeah, it does. In the US until the '90s, you could do the same. Gail only told them not to go through with it because it was going to fuck up their parents' credit. Thing is, though, is that if the parents could afford it, they never would have been approved for the loans, so if I were their parents, I'd just pay that off myself to protect my credit.

[@stepheniedomingo9089]

No

[@camillegauthier621]

Only if you have been out of school for 7 years

[@annieno6848]

Seeing that they (or at least he) comes from money I think the issues is he grew up upper middle class and very comfortable and doesn’t understand that he is working class and can’t spend like his parents did.

[@aslamiyamohamed2526]

Wow I’ve never heard anyone declare bankruptcy on these shows

[@moewilson4605]

What? As adults they did not know that when you have a co-signer, that person is ultimately on the hook for the debt? They are emotionally immature and should have waited before having a child, albeit a beautiful baby.

[@botflyguy7814]

Like many people in the comments im also a white canadian who grew up in a culture of 'move out at 18 or start paying rent' (I actually moved out at 16 and started working at 14) but tbh im quite against that culture now, esspecially in the current economy. I think what's more important than these hard 'trial by fire' lessons is to actually TEACH your children how to budget and save. Instead of sending them out with no knowledge where they're doomed to accumulate a bunch of credit card debt cause they don't know how interest works, teach them about loans, investments, the value of a dollar, and the nessecity of saving money while giving them an OPPORTUNITY to save by letting them stay at home. It is a better start to adulthood imo. I'm thankful I was a smart enough teen to save when I moved out but 90% of my friends my age (late twenties) have no savings or any knowledge on personal finance at all :(

[@americandevo]

I left home at 18 and knew to stay away from credit cards and to live within my means. That was in the early 1980's and people didn't have the same "needs" they seem to have today. I had used hand me down furniture, no designer labels on anything, no television, car or phone and I cooked everything I ate. People today think they "need" fancy cars, designed clothes shoes and purses, big screen TVs, cable, game systems, lap tops, expensive cell phones and many nights of dining out.

[@botflyguy7814]

@@americandevo Kindly, I don't agree. It's not what I see among others my age (classmates colleagues friends acquaintances) but statistically millenials are buying less cars in general compared to our parents generation and those vehicles tend to be 5 year old used cars, not even new let alone 'fancy'. We also do not give a rats ass about 'big screens and cable'. We stream our shows and get our big screens free off craigslist. Second hand furniture is also standard among us. Brand name clothes aren't a problem actually buying cheap clothes that break immediately is what this generation has to do. Thrifting and second hand is also way more standard. The amount of toys we do buy isn't worse than previous generations in previous decades. Most of the big expenses us 90s-born kids make are traveling costs. For me, visiting my grandparents in calgary is my bi-yearly big expense and I fly flair or get a ride when I can. 90s kids arent broke because we eat too much take out. When you moved out in the 80s the general cost of living was a lot less. Tuition was less too. When I said my friends have no savings or knowledge of personal finance, I don't mean they're living lavish life styles and only buying high end furniture, I mean they don't know how to accomodate for the lower value their dollar has and don't have plans to pay off debt or save for retirement. Thing is, the reason why most millenials and gen z don't know shit about finances is because our parents don't know shit about finances... so we didnt have those teachers. but our ignorance on the subject affects us more than it did our parents. I was shocked recently to learn my mom doesn't have a TFSA or any investments just because she doesnt know about that stuff, but she's nearly ready to retire and will do just fine. If I didn't start saving and investing when I did I probably wouldn't be able to retire at all. This is why I'm worried about my friends who aren't investing or saving. It's more important for us to be financially literate then it was for our parents. Thankfully, personal finance is now taught as part of math 11 courses (at least here in BC) so teens are learning about all this in school which is amazing!

[@legzfalloffgirl5148]

Has Brandon ever been assessed for ADHD?

[@NovelNovelist]

Honestly I think they need to just stay put in the basement pretty much indefinitely, axe the plans for ever getting a house (unless they some day inherit) and the plans for having a second child, and focus on being great “roommates”/family to the guy’s parents. I simply don’t think supporting themselves and their kids in a house of their own is in the cards for them - but like, that can be okay if they work on being happy and content in their circumstances (which seems WAY more doable for these two). Not everyone needs a “serious life” w the kids and house model.

[@ke6264]

Any update on this couple? They still in the basement?

[@Krash2o9-wp7jc]

Hey it’s Kaden, I’m the baby from the video. It’s about 17 years later as I’m 17 now, going into university this fall and my parents are doing great. They own a house with 5 kids total living a very comfortable life doing what they enjoy while still providing for all of us. My dad owns his own bike company and my mom is a personal trainer and to sum up this video, it shines a very bad light on the best and most caring people I know who do everything in their power for us. They make my parents look dumb when they are very intelligent people. But yeah that’s how we’re doing now :)

[@ke6264]

@@Krash2o9-wp7jc Hey, well I'm glad to know they are doing great and so are you. Good look at University.

[@JehanineMelmoth]

@@Krash2o9-wp7jcthanks Kaden! I think commenters are being very hard on your parents. They seem like lovely people and I’m glad they’re doing well.

[@VirgoAsphyxia]

Let me be completely honest. I declared bankruptcy and student loans cannot be apart of your bankruptcy unless you're seriously disabled to the point that you will never fully work and never make a good living. I don't know what country or state that you live in but declaring bankruptcy isn't always the best idea. LOVE FROM NEW JERSEY ❤️ ❤❤❤

[@deborahblackvideoediting8697]

In Canada (where this show was filmed) you can include student loans when declaring bankruptcy. I agree with you, it's not always the best idea. And it also makes it more difficult for the next generation of kids to get their student loans.

[@nancysmith2874]

Use washable diaper’s

[@justine8387]

They are a pretty big initial outlay. I used them and they saved me money in the long run but yeah, expensive to start.

[@captinzoom]

The comments in these videos are weird. This show is made in 2008 and in Canada. Min wage was 8 dollars and you can get 10 grand with no credit history

[@VioletEvans-yt2fd]

Student loans cannot be wiped out by bankruptcy. They have to pay them.

[@SaintoTube]

Couldn't they have gotten a consolidation Loan in only their own names so that they freed up the loans that had cosigners and then gone bankrupt if needed

[@mastljn]

Must be nice to be able to just declare bankruptcy and not pay student loans. Glad they couldn't get rid of their student loans because parents co-signed. Hope they did not do that later and screw their parents over. Between payments I made plus tax refunds taken the gov't also garnished checks and took nearly three times what I borrowed.

[@camillegauthier621]

Only after 7 years or 5 years if you can prove hardship.

[@barnabusdoyle4930]

2 degrees with a combined income of $50k. They could be making that both working at McDonald’s.

[@amyliss7567]

$3000 FOR BIKE. GET USED CAR. HAVE A BABY OMG WTF

[@ErisstheGoddessofmanhwas]

I love expensive bikes 🏍 but my priorities are first my family , health savings and then in the end only coming the bike .I mean im 37 years old and i after buying home and family car , knowing im not in any debt only then i bought my bike .

[@sarahuber8567]

She has a degree in what???💀

[@jeanp1323]

Can you declare bankrupcy over student loans ??

[@bovnycccoperalover3579]

Not in US but this is Canada where it can be done.

[@rebeccaleach2920]

No plans for the kid either

[@billyoung8118]

Student loan debt is not a bad thing, as long as you are pursuing education that has a financial sustaining possibility. We all know there are many degree programs that just don't. You want to earn those degrees? Awesome! Hope you have fun and learn a lot. But you shouldn't be able to get student loan money to pay for them.

[@JehanineMelmoth]

It’s so sad that you think that.

[@jilliansherrard2152]

So many people are in this predicament….no responsibility is taught or it’s ignored…people….don’t live like this

[@sharonburling2262]

Why didnt they both get extra jobs?

[@stevenmartinez7639]

ridiculous...

[@VioletEvans-yt2fd]

Two college degrees making $41,000 together annually?

[@valeriemartini6315]

I didn’t think you could go bankrupt on student loans?

[@juditharsenault2131]

I got a useless degree in English and Science. My father paid for my college. I had always wanted to be a nurse but he talked me out of it. He was a doctor and wanted me to be a doctor but I didn't have the grades. After 5 years to get my useless degree and couldn't get a job, he agreed to let me go to nursing school. I got an associates degree in nursing and always had a great job in a rural area. I retired 1 year before the pandemic hit. It worked out great because I never would have gotten the jab and would have been fired.

[@landonbarretto4933]

Too many neutered men running around. This guy wants to stay inside and play video games. Wow.

[@joshuasummers7440]

Landon Barretto this guy is a man child.

[@SilverGirlAu]

Neutered or just man-child mentality?

[@jtidema]

Yeah I don't see how that is neutered. If he was neutered he wouldn't be producing offspring.

[@justine8387]

The guys main hobbies are mountain bike riding and working on his car... and that is your take away. Hmmm interesting

[@sarahuber8567]

Except he’s making children.

[@jamnbryan1]

little did gail know at the time this was filmed, that a generation of adults living with mommy and daddy (well into their 40s) would become the norm. at every turn, these kids wanted nothing more than to continue to stay living at home because it's cheap. i'm 36 and own my house but know of a ton of people that are still living at home with their parents. there is no longer a stigma about it. i bet they are still living in the basement in 2021.

[@Zoot_of_Anthrax]

My ex is 45 and been sponging off his parents his entire life except the 6yrs he sponged off me. Been there 14+ years now and hasnt worked in well over 4. His 42yr old sister and her kid have been there (and not working) for the last 8yrs or so. The crazy part is the entire family wants to claim im a bad mother and workaholic and gripe about condition of the house etc. Meanwhile as a single mom of 2 for the last 14yrs ive got a large nest egg, fully upgraded and renovated home, spent 100k in legal dealing with ex (and his refusal to pay even pittance of support) while tripling my income without a college degree. Ex and sister both have degrees 🙄

[@SuzanneU]

I know millennials who, through no fault of their own, are forced to move back with their parents because housing is unaffordable. It doesn't mean that they're moochers; they're paying rent and contributing to the household. My husband and I share a house with his mother. We don't pay rent, and the house is paid off. We provide 24/365 care for his mother. We do all the yard work. We pay property taxes, house insurance, maintenance, repairs, etc, etc. We pay all our personal expenses. Multigenerational families are the norm in many parts of the world. It's often very beneficial to all generations.

[@haute03]

I love these delusional comments lol. They completely ignore the absolute horror of the financial situation we're currently in and how people are dealing with it because the person posting owns X thing. I mean yeah, if you ignore crushing student loan debt, economic collapse during and post-pandemic, the skyrocketing cost of living, and the fact that we're stepping into a recession, you can easily say that adults living at home are doing so because there's no longer a stigma around it.

[@deborahblackvideoediting8697]

@@SuzanneU - What you're doing sounds fair and mutually beneficial. There are adult children who move back in with their parents, don't lift a finger to help with anything and don't pay a cent - not even for food! You are paying all of the expenses and taking care of all the yard work and caring for your mother-in-law. That's a lot of work!

[@rebeccaa2433]

My uncle lived in his mom's basement until he was 59 and passed away. She charged him "rent" and put it into a bank account for him. My dad, his brother, mooched off my grandma until she passed away a few years ago and he was in his 70's. He then inherited her house and all her savings. I think the spoiling began with the WWII generation. They grew up in the depression and literally had nothing, so they spoiled their kids to death. It just cycles on and on.

[@sharonbosley6028]

I wish!

[@bovnycccoperalover3579]

I don't understand the prejudice against multi generational families. It was the way a lot a lot of families lived before post-war WW2. The nuclear family is a relatively new concept.

[@sharimason2977]

Nothing wrong with multi generational families pulling their resources under one roof. These 2 don't have enough skin in the game. They'd have more pride and self respect if they got their debt down to 0 and CHOSE to live that way as opposed to having to. It builds character to be able to ( and to insist on) paying your own way.

[@bovnycccoperalover3579]

Good point.

[@kevinstevenson]

Student loans are not allowed in bankruptcy 👨🏿‍⚖️👨🏿‍⚖️👨🏿‍⚖️👨🏿‍⚖️

[@christinebutler7630]

That kid will be in the basement ne c er seeing the light of day till she's grown. Give the kid away to someone who can raise her decently if you're going to screw around your whole life.

[@Krash2o9-wp7jc]

Hey this is the kid from the video, he not she btw. And I’m going into university next year and have seen plenty of the light of day. They’ve been raising me and my siblings amazingly for the last 17 years and no one else would have done it better than them.

[@patty109109]

I’m always shocked of the absolutely horrific incomes these people have. I know these videos are old, but even for the time they just didn’t make anything.

[@amyliss7567]

Bankruptcy LOOSERS UNDER 30 Hahaha POOR BABY

[@nataliefontane]

I wonder how much better off Americans would be if they could declare their student debt in bankruptcy.

[@anniec3438]

I wonder how much better off everyone would be if we didn’t have credit cards and went back to paying with debit or cash. Can’t spend money you don’t have

[@jtidema]

I wonder how much worse off America would be if everyone could declare their student debt in bankruptcy.

[@americandevo]

The problem with "student loans" in America is that people have discovered they can borrow as much as they want and they use the loans to fund their lifestyle. Dining out, going on "spring break" buying cars, motorcycles, renting apartments, buying furniture, designer clothes, shoes, purses, televisions, game systems, computers, paying for cable, cell phones, utilities etc. They borrow 10 times more than they need to pay for tuition and books then WHINE about their student loan debt as they work a part time job at Starbucks because they graduated with a USELESS degree. Many never finish their education and fail to graduate. Nobody's "student loans" should ever be forgiven or written off in bankruptcy.

[@americandevo]

NEVER CO-SIGN FOR ANYONE, EVER!