You Guys Are Seriously Broke (Makes $200,000)

[@davidbrayshaw3529]

"Not caring what people think is a super power". Jade hit the nail on the head with that one.

[@ericmerten687]

“Not caring what people think is a super power” BIG FACTS. Be your own hero!

[@ghostbird92]

This is why when people say that someone can't be broke when they make a lot of money, I bring up situations like these.

[@johndone8045]

They arent broke, the rental has 100k+ equity in it and i suppose the house paying for itself Their problem is the personal and student loan, just reduce the lifestyle a bit they are fine

[@troytruong8246]

It is called rich broke folks.

[@ghostbird92]

@@johndone8045 If they don't change anything at all, then yeah, they're broke.

[@benmyers9030]

Yeah they aren't actually broke. Ramsay pretends mortgages are bad. Anyone who can get in a house should short the federal reserve note. Currency deflation is a mathematical inevitability

[@carpediem6431]

She must be a real looker for his head to be this far up his ass.

[@jackmortimer329]

I heard someone say that you won't care what other people think about you when you realize how seldom they do.

[@GAFB1122]

That's very true. I know when you're angry at someone, that person consumes your thoughts, but most likely, they rarely think of you. It's a good lesson for all.

[@kleindropper]

Do something like walk around with your fly open all day and see how man people notice. I do this all the time, but not on purpose. it seems to be a family trait

[@scratch57]

I love that. Need to remember that one.

[@siefoote]

Not every wife acts like that.

[@kevgret]

My wife and I drive 10 yr old cars. We have a very modest house that is paid off. We are also millionaires..... we dont care what people think of us.

[@johndone8045]

Reverse the words, no one cares about you

[@KathleenMcNe]

I have zero debt, a net worth of $14 million, drive a 2014 Toyota FJ Cruiser, and shop on eBay. I don't care if people think I'm broke.

[@cancel.lgbtq.6892]

@@KathleenMcNe Would you like to be my sugar mommy !?!?

[@kevgret]

@@KathleenMcNe this is the way

[@Maxim.Teleguz]

Remember modern cars will save your life in an accident.

[@PInk77W1]

I make $48k I have no debt. My home is paid off. I’m retired. I have a ton of money in the bank. I eat at home. Life is good.

[@carpediem6431]

Great job! Live your best life.

[@DavidHaworth-y4w]

nice job me too

[@TheTrevelyansway]

Same ballpark 👍

[@rollover36]

I came to say the same thing! We make $120K combined, no kids, no debt, home is paid off, I'm 50 yo. People who live like this are fools and live in a bubble.

[@PIMPJUICE882]

You wouldn’t even qualify to buy a home today lol

[@acd1168]

In Iowa?!!!! It would make sense in California but this is Iowa.

[@Ella-Bella2024]

Good point. Lol.

[@carpediem6431]

Making 200 grand in Iowa, what’s that equal in California of NY…….. like 500 grand…… lol

[@redfox_84]

those are some expensive homes for Des Moines

[@acd1168]

@@redfox_84 In Iowa of all places. Are people fighting to settle in Iowa? 😵‍💫

[@BamMilg]

Beautiful smile.

[@getinthespace7715]

I relate to this guy, my wife has told me "We will always be in debt". She's in a depression after losing her mother to cancer, 2 years later her sister to a car accident and a few months ago her father to a stroke. We are working through it. Very tough. We are on track to be debt free in the next 6 months, about 50% of our debt is from helping support her parents through those tough times. When it happens I'm going to see if we can both take the day off to celebrate, plan a fun day at the beach or something.

[@scottmcgilvery8511]

Keep at it - it will be worth it in every sense. Hope your mrs gets the help she needs

[@pinkyshoes22]

I can totally see why your wife is depressed, with all the loss she has endured. That being said she needs to go to counseling and claw outta the depression so she can fix the finances and not have that pressure on her too. I wish you guys all the best

[@cassietheboss9211]

I wish I would go into debt for someone else. Especially when they can plan just like you guys did...

[@MB-uy5kh]

I am so sorry to hear about your wife’s loss. I am where she is. My only son died (allergic reaction), four years later my husband died (cancer) then two years later, my father died (Covid), my brother died (accident) last month, and my mother (dementia) is now in hospice. It’s been a day to day struggle to keep above water. It is very tough. I am in therapy and participate in my church’s grief share program.

[@mohammadwasilliterate8037]

*I never offer support to people that insist on being stupid with money.*

[@jonm.678]

He married the wrong woman. This is a relationship problem- not a financial problem.

[@anndeecosita3586]

He married a woman like himself. Then he changed and she didn’t.

[@johndone8045]

Because his idea sucked, never sell an asset that brings income(the rental) Reduce the lifestyle, the 15k consumer debt can be easily taken care of, student loan might not even be hers, and the cars are border line ok for a 200k income household with prices right now

[@mph5896]

@@johndone8045 Need more details on it, but I bet it breaks even as a rental. Capital gains window, sell it now or get taxed later on when they want to sell it. That's 20-25k in tax saved. I say dump it.

[@BlueDauntless]

@@johndone8045they can also get another asset after they’ve paid off their debt.

[@samengelage3521]

​@anndeecosita3586 that's actually a big reason for disconnect in relationships. One grows, and the other doesn't, and now the two can't relate to each other anymore, because they're not on the same level.

[@Outrageousconduct]

$200k per year and spending like drunken sailors

[@19hundoc47]

Ya probably like you too

[@foundationsbaseball]

That’s not fair, when I was a drunken Marine, I quit when I ran out of money

[@THX5000]

haha

[@chiefaborigine242]

​@19hundoc47 you lame brah get over the trolling

[@PepeToTheMooon]

The wife wants a millionaire lifestyle on her husbands 200k income. And when he wants to downsize the life or asks her to work, she’ll file for divorce and take half of what he’s worth. Lose lose situation.

[@Jolson17929]

She is definitely going to leave him if he scales back.

[@PoyTroy]

Exactly. This is exactly how I read it lol

[@pixigirl999]

He married her. Her personality didn’t just come out of nowhere. He knew exactly who she was when he was dating her but choose to continue with the relationship

[@Jolson17929]

@@pixigirl999sadly these marriages often in end divorces. It happens often.

[@glitterstarbeau]

She'll get half and then he can work on the situation by himself. Stop the bleeding and move on.

[@cjhoward409]

Yep. Livin above their means. My husband and I combined take home around $75,000 a year. We have zero debt. No mortgage either. And we own our own home on 5 acres 😊

[@TCR2025]

40k each on a car? Man these people are the definition of keeping up with the Joneses.

[@mikemcconeghy4658]

And financing both cars. Couldn't just save up and pay cash. Crazy.

[@reese85]

@@mikemcconeghy4658you kno how long it would take to save up $80k grossing $200k?

[@Sizukun1]

$40k on a car isn't that much, anymore. Economy cars are starting at about $35k now.

[@reese85]

@@mikemcconeghy4658 it would take forever to save up $80k while grossing $200k

[@reese85]

@@mikemcconeghy4658 it would take forever to save up $80k while grossing $200k

[@MrJimmy3459]

200k a year and they think you can't live debt free?

[@reese85]

I’m not sure how much the cost of living is where there calling from but $200k a yr with a family any as much money as you guys think it is

[@Ella-Bella2024]

If you can't see it, you can't be it.

[@webfreakz]

I'd be saving mountains of money with that income wow 😅

[@brysonmalpass3823]

@@reese85only my father works full time in my family and makes 65-70K a year and comfortably provides for all 7 of us with a almost paid off house, and paid of cars and no debt of any kind. Don’t be ignorant

[@reese85]

@@brysonmalpass3823 smh idk where you live, and with 7 of yall im sure there’s a bunch of things you guys go without. So stop all that bs talk your doin right now please

[@flygirl2447]

Not caring what other people think is a life skill that is a sign of maturity. And it’s not just about money. It’s about all of your life choices and values. When you take on a mindset that what other people think of you is none of your business, your life improves dramatically.

[@spikescarberry7041]

The Ramsey show always knows how to make me feel better about my own financial situation. I never think I’m doing well enough but I’m not in this awful situation…

[@reese85]

Dave made this situation sound worse than what it was

[@Hectrrod]

Both things can be true. It's bad but with a few moves they can be dept free in 3 months. Will they do those moves? No, and thats why Dave went hard on him and make it sound worse that it is.

[@Mr.Boring_Man]

I agree his wife enjoys the lifestyle, and she's basically using him as her work mull. I also believe they are likely similar in spending habits. He didn't marry the woman that would say "we don't need that" or "that's too expensive". He married the woman that enjoys the expensive things because he does. Both people usually egg each other so he can try to blame her all he wants, he was/is complicit in all these decisions and likely told her "we have it". Well, now you might just lose it.

[@dudeorduuude5211]

Yikes. Owing that much would make me cry.

[@bovnycccoperalover3579]

Sell the "primary home" and move back into the old house.

[@beaniemac]

Why doesn't the wife work and feel entitled to a celebrity lifestyle?

[@wendytravis6427]

She’s a stay at home mom. She is working, but her spending is out of control.

[@dm96177]

Exactly. My husband and I both work and make great money and we have equal say in our money conversations. IMO… if you’re not working and just spending like crazy…. You don’t get a say 😬

[@bigpicturethinking5620]

Because she is a queen? She is special and a real catch who deserves.

[@jdorville]

​@@wendytravis6427this is your problem with the modern woman, having a child is not work is a responsibility, so your mother considered yourself a work? Think what you wrote, that's bad...

[@rentedduckliing]

@@bigpicturethinking5620no she’s just lazy

[@andrewmiller9044]

There is a bigger problem here. Des Moines Iowa realistically you can get about anywhere in 20 minutes.

[@TC-hc8gp]

If the wife cares so much about the house next to the brother, sell the new house and they just removed 450k worth of debt. 😂

[@Cheeseburge40718]

Awesome job, Jade, you nailed it on that call and got in good with the boss, I know the feeling.

[@arh1234]

Awesome insight by Jade, and great job Dave for congratulating her!

[@maryfrey]

👍👍👍👍👍

[@marcenelj]

This is heading towards divorce if this man tells his wife they should sell this rental property and both cars.. She won't agree to any of this.

[@williamho7393]

"Honey, you're broke!" - Dave Ramsey

[@kimmcalister3594]

These folks will never be able to retire if they don’t follow Dave’s advice. I cannot begin to tell you the wonderful feeling of being free from debt and having the freedom it brings! It takes making some hard choices and having discipline. I surely hope this couple will listen.

[@brandonplaysdrum]

I earn 1/4 what this guy makes and I'm debt free and play drums for a living lol

[@bigbubba4314]

How many drums do you play?

[@brandonplaysdrum]

@@bigbubba4314 whatever the job requires 👍🏻

[@businessacc179]

🤣 good for you!

[@duck85123]

​@@bigbubba4314 ALL of them

[@ScottsGuitar]

@@bigbubba4314😂

[@ugabuga1361]

stay at home wife with no kids is telling you how to spend the money.... telling him to house another family while they are broke... i bet this girl doesnt even cook.

[@anndeecosita3586]

That’s HIS side of the family. I have a hard time believing he wasn’t heavily involved in the decision to buy another house and move them into the old one. They were all raised with a certain attitude about money and now he’s had an awakening the rest of the family hasn’t. That sucks. I learned the hard way not to mix money and family after I sold a truck to my uncle. Never again.

[@jasonleatherwood2172]

People think me and wife is broke she drives a 24 year old honda prelude with no clear coat i drive a 26 year old tacoma with 2 lincoln town cars as backup cars net worth pushing 800k at 38

[@IrisP989]

Do you have any debt? a mortgage?

[@aolvaar8792]

My wife and I have Fully survivorable Government Pensions and Free lifetime family Heathcare. This allowed us to retire young. We sit at the table and decide where to spend the extra money, every month.

[@jasonleatherwood2172]

@@IrisP989 no debt paid for house which is 60% of my net worth we dont make alot of money either 115k a year last year higheat we ever made we just live cheap

[@jasonleatherwood2172]

@@IrisP989 i am a mechanic and can whole heartedly say cars are the devil see so many people struggling yo make ends meed driving very expensive vehicles that cost a ton to fix compares to 90’s cars

[@IrisP989]

@@jasonleatherwood2172 That's great! We live in a high cost of living area with kids so when we passed $1M, it was with debt (we are not rushing to pay off our low interest rates).

[@britneyog9537]

We have a simile income. The best and most freeing feeling is knowing "I can afford to buy it, but I'm not going to". That's how you become a millionaire. And, we have.

[@timotheus2003]

SPENDING LIKE YOU'RE IN CONGRESS

[@jonajacket]

Makes me chuckle every time

[@markburnham7512]

There are generations that only focus on affordability in terms of payments, not total debt.

[@barnabusdoyle4930]

I don’t agree with this advice. If they sell the rental and use that money to pay off everything except the primary mortgage, they will have a ton of extra cash flow and start spending it on ridiculous things and going into more debt. It’s not that much different than a debt consolidation where you run up credit cards afterwards. If the rental is turning a decent positive cash flow, then they should hold onto it. What they need to do is budget and control their spending. If they tighten their belts for a year, they could easily knock off a large chunk of that consumer debt. That will also get them in the routine of budgeting, which they desperately need. I think mainly the wife needs to feel the burn and restricted spending for a while to be ready to move forward. Selling the rental won’t fix their mindset.

[@travispierre-louis9359]

I’ll pay off 204.5k in debt this November!

[@reese85]

Congrats

[@marygraceolu]

Jade and Dave combo wins again🤝

[@tonytoni1150]

They always give it to them straight. No chaser! 🥃

[@linuxsurfer2002]

The dream team!

[@ericeven4090]

He is in a situation like myself. It's called fundamental differences. Neither will change so they are stuck pulling in different directions.

[@kikirodriguez8293]

Caller was trying really hard not to blame his wife, but let’s face it, it’s because she doesn’t want to do it.

[@Sincerely_SweetAesthete]

Yea hes a wuss, she rules the house

[@omarilindo968]

Whats crazy is a stay at home wife saying stay in debt while the man at work bussin his ass smh

[@colleenduffy1139]

daycare would probably be more than her salary.

[@mikezerker6925]

@@colleenduffy1139yeah maybe, but they don’t have to spend what they don’t have!

[@renelara1925]

In this country there's a lot of high earning low net people.

[@bigpicturethinking5620]

I’d guess the highest concentration of them in the world.

[@sheilaoneal8205]

Looks like Dave has a stylist now...I like the jacket 👌

[@salbass7567]

No way he’s picking that jacket out himself.

[@PoyTroy]

Right lol

[@Shortballa11]

I love when they start yelling at the person calling in for help rather than the issue person who is not on the call

[@tongl274]

The moment this guy gives that talk to his wife, she's going to divorce him, take the kids, make him pay for child support, and alimony.

[@itguru2037]

And he knows it. Poor fella

[@Ojisan642]

When Dave pushes the “I’ve heard enough” button 😂

[@cutehumor]

I can't stop laughing at this caller. They are broke as a joke!! 🤣🤣🤣

[@fire12731]

People call in & being stupid & acting like it’s no big deals

[@valeriewoods6882]

Why does the SAHM with no income get to control the finances? She has a 50% say, not total control.

[@OtisFlint]

Why would you sell the rental? It's paying itself off + $20k/yr. They need to cut the budget and attack the consumer debt, then they're fine.

[@gorkyd7912]

They're 700k in debt. What's the interest rate? 8% interest on that is $56k per year. So why would you keep an asset that's only making $20k if that means paying $56k interest?

[@kebas239]

@@gorkyd7912 I think he said it was a 2.5% interest rate.

[@marcosct86]

she is gonna divorce you bro, and that's good. Leave her

[@John3.36]

He married the party girl that blows cash. He is the insecure spineless type.

[@BulentKizilaslan]

Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?

[@wells7147]

As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken

[@wilsonrichard440]

Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 12 grand weekly and this has improved my financial life

[@raphfelimax2713]

YES! that's exactly her name (Stacey Macken) I watched her interview on CNN News and so many people recommended her trading skills, she's an expert and I'm just starting with her....From Brisbane Australia

[@ivar766]

This Woman has really change the life of many people from different countries and am a testimony of her trading platform .

[@FranklyHunt]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super

[@owusuphilipable]

The guy is beta male, too weak to correct his wife 😂, he is married to his mother 😂.

[@Melissa-jp8ps]

In a situation like this, the problem is probably not just one person.

[@Thurgor_Supreme]

Poor guy. The only way she's going to let him downsize their lifestyle is through a divorce and then she gets half his stuff AND alimony

[@maryannsherrick6169]

Why did they move in the first place? Maybe the wife doesn’t want to sell the other house because she didn’t want to move.

[@anndeecosita3586]

I find it interesting that it’s HIS side of the family living in the rental property. I find it hard to believe that arrangement was made for them to buy another house and his brother to move into their old house without him being heavily involved in it.

[@paulabroadway1697]

Some families just continue to push crazy ideas. We actually had a family member (repeatedly) say, "Well, you will *always* have a mortgage and car note, so you had better make them good ones!" Worst. Advice. Ever. @@ Glad we didn't listen to that.

[@potatoesandicarrots]

Jade is such a FANTASTIC host. She had a great personal story and she’s really come into her own on the show next to Dave.

[@steve2474]

Must have shared values for a marriage: Common to similar religious beliefs Common political beliefs Shared views on personal finance ****Any of the three would be a dealbreaker for me

[@rccoachwenger]

I had this issue once.... eventually 1 of us had to go in order to rebuild.

[@cutehumor]

The wife stays at home and does not work. if this was my wife and she doesn't want to sell the rental home, I would make her get an effin JOB!!

[@johndone8045]

Thats dumbtard choice, why the f u selling an asset that paying off itself????

[@cutehumor]

after watching this video, broke people in third world countries punching air right now

[@idasiek]

I have more money earning 1/5 of what they do. Shocking.

[@camperanne8589]

It’s hard to not be affected by what others think. I recently bought a used car, which I really like and paid cash for. I was very happy with my purchase but found that when others asked me about it, they were negative and pointed out things they didn’t like about it. I expected them to be supportive and they weren’t.

[@Nicc1111]

I know it’s hard. But most of these people judging you are broke but keeping up appearances. All my friends own fancy houses and cars. I paid off a lot of money and still drive a beater. Out of debt now and trying to get the emergency fund together but I had to stop worrying about what everyone thinks. Haven’t been on a holiday since 2011 and don’t eat out much etc. people think I’m weird. But I’ve been broke making good money and then lost my job and lost everything. So I don’t care what they think anymore. I just want peace and I’m praying for peace for you too. Let the Jones do the jones and you go get some peace for yourself.

[@privacyplease1556]

$200k is not “own two homes” kind of money

[@reese85]

Why isn’t it , especially if one is paying for itself

[@Kysen10]

The moment he can't work for any reason they are bankrupt.

[@reese85]

Not true. Mortgages and car loans can go on deferment

[@candy2325]

@@reese85🤡

[@cassietheboss9211]

​@reese85 that's just dumb. A person that makes 200k a year on deferment 😢

[@rhondahopkins4366]

I never understand people that buy a second house and having paid off the first off.

[@namco10]

This guy is so casual, deserves this 😅

[@Thurgor_Supreme]

It's a rather logical solution, but the wife will put her foot down and threaten divorce. Sell the big stupid house you had no business buying and move back to the one you can actually afford that has low interest. Sell the cars you had no business buying and replace them with junkers. Afterwards, should be able to get out of debt pretty much instantly and then he can crank away on the mortgage. But again... if he does all that, the stay-at-home princess will threaten divorce

[@catherinefrancis5827]

Excellent advice❤ he’s not going to do anything right now to change things. I don’t believe this is all the wife’s doing

[@njabulombuyazi5132]

Making mistakes is one thing, but most people soon realise it and then they take steps to rescue themselves. Denial keeps the rest in debt. Please be honest with yourself

[@MoneyMadeSimpleForFamilies]

the guy was making a 20000 profit in the rental property and instead of selling the cars and drive shitty cars Dave advice to sell the rental?

[@dalefrolander3583]

If you asked most people whether they would rather look rich or be rich, most would say they would rather be rich, but their spending would suggest otherwise.

[@fred22036]

The secondary home carrying 190k mortgage at 2.5% rate, making 20k gross rental income is not a problem. It more than likely has a positive cash flow. I support the wife on not selling. The primary residence of 500k on a 175k W2 is not an issue either. They just need to budget their day to day spending and maybe refrain from big purchases like the two new cars.

[@TheAlorean]

Exactly! The wife is right to not sell the rental

[@aaronalquiza9680]

...of course relatives are involved.

[@troythompson2]

😂 every time

[@miketracy9256]

AS ALWAYS IT IS NIOT THE INCOME SIDE, IT IS ALWAYS THE SPENDING SIDE.

[@jimroscovius]

Relatives are not an excuse not to sell. You don't stay broke because of relatives.

[@Stantep]

If he’s making $20k rental income on that home then he should keep it, that’s a good return. Plus if he’s smart he has that rental under an LLC and is writing off some of his w2 income.

[@bigcahuna42366]

You know, even though I make less than half this guy's income and I'm fully financially independent, I keep my life simple and not so sophisticated. Thanks to that, I enjoy life very much with a pretty small amount of stress and I have a peace that I cherish each day.

[@VolkanUmit]

Been collecting the AWMKPX this cycle as that has the right place in this time

[@JaylenKaushal]

Really good one for 2024 and beyond

[@Dutsenma]

This is how it SHOULD be , mark my words if you are sleeping on this you'll be angry tomorrow

[@ConsuelaPehowic]

I can see why BTC hodlers will consider that

[@SantinoBarreto-oe4ip]

Can I get this without my Amazon acc?

[@MenelaoNoble]

They delivered anything which was part of the vision. Next step moon

[@dawnmorandin541]

We downsized to a duplex 3 bedroom apt, my sister in law had to have a large mansion with a pool to show off, we are debt free, house and all, rental property paid in cash. They are now having health issues and can't work to pay the massive mortgage, they could lose the house and everything at age 66, we have been retired for 8 years and haven't touched the profit from the sale of our house when we downsized. With the high rates of mortgage right now selling for them would be a long haul as no one is buying huge properties in this market with inflation rising, we are in Canada.

[@Ragecake]

He sounds so jovial for being so broke. I love it! I'm losing my mind over it!

[@AllynHin]

I don't understand her reasoning that she wants to hang on to the original house because his brother lives next door to it and she's friends with his wife. They're not living in it now because they moved so why keep it because family lives next door to it?

[@pinkyshoes22]

The hosts should’ve asked how old the kids are. If they’re not babies then the “stay at home” mom needs to get a JOB! Both adults are running the marriage and the finances into the ground!

[@sherryd3299]

I like how he's blaming his wife. They both got themselves into this mess by buying as if they are millionaires.

[@matthewtaylor7935]

Sell the rental pays off basically everything else except mortgage. Do that then in 9 or less year pay off mortgage. That's without making any "major" lifestyle changes. Easy call

[@harshavijay3517]

1) except for the 15k credit card debt and the 2 cars, I don’t see anything wrong in holding 2 properties worth 700k and paying mortgages. 2) technically he is in debt but the properties are appreciating assets. 3) yes, height might not be able to pay his mortgage when loses his job then the advise should have been to save more so that he is covered for that situation 4) worst case he can still rent both his properties and downsize 5) human psychology makes people spend more on useless things or make them lazy if they don’t take calculated risks.

[@quixomega]

Did he say "traditional, living on consumer debt"? Living on debt is like paying extra for everything, people back in the day did not do this. This is a recent type of stupid.

[@dannyh9010]

My first thought whenever someone got a significant increase in salary is if only they had kept living like the money didn’t increase for 1 year. Just 1 year. Imagine if they would have done that. In only a year they would have $100,000 in the bank, and a house they can easily afford.

[@JoeBlunt]

Always a red flag when someone calls their car "vehicles" alwys means the dealer beat them over the head

[@shea1219]

Jade hit that one on the head. The wife doesn't want to sell the rental, because she wants to keep up appearances.

[@johnowens5284]

No I disagree with Ramsey here. Keep the rentals but sell the cars and pay off the consumer debt. If they can get their finances under control, those properties will be very valuable to their net worth.

[@candy2325]

Not caring about what people think is definitely a superpower 🦸‍♀️👏 right on Jade. Tune out the noise and focus on your life and what needs to be done.

[@boredoreos]

Jade just got a raise.

[@bryanmarin955]

One thing this guy fails to mention is that he probably makes a lot more than 175k. He mentions a base salary which is the language software engineers use to describe their salary before any of their stock-based compensation. Stock-based compensation is usually about 1/3 of the salary (putting him around 262.5k which is a typical salary for software eng). But another thing is that he says his salary doubled last year. Last year there was a boom in tech stock that cause a lot of engineering salaries to absolutely explode thanks to stock-based compensation agreements. This means his stock is probably at least 1/2 of his salary now putting him at a minimum of 350k but more likely 400+. This is also typical numbers for employees that experienced the boom. Sounds like he’d just rather his wife not know about all of this given their massive misalignment on financial strategy.

[@FortuneSeek3rz]

This guy knows he's either getting divorced or he's giing further into debt.

[@Ostro1980]

It's shocking how many people have a rental property.......just to say they have a rental property

[@19hundoc47]

They owe less than what is worth and they are cash flowing money every month, sounds like you need to go back to school

[@michaelcarter266]

Yeah people just buy rental properties just to brag.

[@amireallythatgrumpy6508]

@@19hundoc47 In school you learn that owning rental properties is one of the dumbest things a person can do.

[@Cristobal8605]

He talks like a corporate executive, i love how Dave is showering him in reality

[@Mr_Fairdale]

His rental property isn't the issue

[@robertmckay621]

Hypergamy kicked in into overdrive when you doubled your money 💰 🤑 💸, Spend , spend, spend, that's what was on her mind

[@RonniewbNC]

Run Forrest run! 🏃‍♂️ 🏃‍♂️ 🏃‍♂️

[@edd06001]

The situation would not be nearly as bad if they didn't have 130k in non mortgage debt. Mortgage debt is effectively leverage and if he has stable income they could work their way through this long term. Not a Ramsey approach but can work long term if you can handle the risk.