The Only Program That Will Get You out of Student Loan Debt
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- Опубликовано: 13 сен 2024
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I’ve been debt free for a bit now but I instantly click on these videos cause I love angry/sassy Dave.
Some days Dave is just over it and you can tell. I mean the guys said "I consider myself debt free because I don't count my mortgage and student loans".
I’ve never really had any debt to speak of but I listen to Dave because I love his energy and mindset
This guy is the greatest example of “Dave-ish”
Paid off $50,173 in 461 days. No shortcuts. No taxpayer subsidies. Just living on the basics and throwing all my extra at the debt.
Kinda hard for people who only make 30-50 in a year
@@RustyShacklefarddI wasn't making a heck of a lot more than that at the time, either. But I did work on the side to push the goal up.
I believe the problem with most it’s hard for them to sacrifice for becoming debt free. I believe if ppl would just give up all things the eye sees and wants and stick to the plan ppl would not have debt. I fight hard to stay outta debt by only buying what I can afford and making every dollar count. I only buy things I need when they go on sale and hardly buy anything unless it’s in the budget. It takes commitment but the peace you can gain for not being stressed out about money is worth the sacrifice.
I got out of student loan debt by joining the military. I didn't vote for my college tuition. I earned it.
Same with public service.
Both are paid by the taxpayers though lol. One just puts you on the front lines (you pay with your life).
Paid to protect people like you… keyboard warriors.
@@joysilas4724 There are people that can do military things remotely, while being in the military. Would you consider them drone warriors?
How did you do it man did you do a like forgiveness program
I also find it hard to believe you have a college education and don't understand debt
You spend all your college years specializing on something. You would be lucky enough to also add time for a finance minor. Seems like it would be worth it though.
Some people go to college to become a communist dog walker that knows 72 genders !
Lol !
They don't bother teaching finance in college unless you specifically major in Finance or s similar field. I would say the majority of Americans, including college graduates, have no idea how to manage money.
Education =/ Intelligence
Tell it to the politicians who've racked up our multi-trillion-dollar National Debt.
There are lots of college degrees among them.
Paid my loans today. 10k in 3 months. The Mrs is next. Feels good.
So grateful to have mine paid off. Will not let my son make the same mistake. No student loans. Ever. Again.
In 1980, My first job was $100K/yr,
I have the finest education that money CAN'T buy.
It was Free, an alumnus offered to pay.
My mother told All us kids,
America is the greatest country because,
Anyone who wants a college education can get one for Free.
All the Kids have FREE college educations.
@@aolvaar8792damn 100k in 1980. What profession were you in
So you'll have enough money to pay for your son's education? Good!
@@Vazcov1609 we have a college fund started for him, yes. I am not sure if it will be enough to cover everything though, which is why he will work summer jobs (and possibly after school jobs) throughout high school, make good grades for scholarship purposes, fill out any and all scholarships available to him, and work through university to pay for whatever the difference may be. He can also live with us to avoid dorm room costs, etc. I will do whatever necessary to make sure he succeeds in life, and part of that includes no debt.
@@Vazcov1609 we will pay what we can. We do have a college fund. He will also need to work in high school and work hard to earn scholarships. Setting him up for success means setting him up to work through school with no debt.
Wait, If you want to get ahead in life, pay more then the minimums, make some hard choices in your life.
I make about $72,000 per year and I put $22k-23k on my mortgage yearly.
I could be mean since Brian will be reading these comments, BUT. Sir, pay your debt. Carrying around that burden for 19 years😂
Who are u to laugh at anyone ? Life happens
@@1snakemanvrod The caller had the ability to pay back the loan many times over. He makes 90k a year, and was wanting the government to forgive the loan.
@@1snakemanvrodhe makes what both me and my wife make per year I put away 1,400 a month so no at all
Let Brian keep talking and eventually he would have brought up a motorcycle loan, gambling budget, etc. Lol
Good luck to him. He has the shovel size to fix this quickly.
Im debt free beside my student loan and my mortgage, admittance is the first step toward recovery
1:20 that was not the program he was expecting lol😂
Ken is like….For Lunch I’m getting a Subway Footlong…😂😂
Motivation is relative. It's amazing what you can do with simple math, a plan and time...and being an adult.
How to solve the student loan crisis:
1. You take out a loan
2. You pay it back
Or work for a nonprofit and have them pay it off
you missed 1a: get indoctrinated, and modify 2: have someone else pay it
is that not the democratic way now?
Yep, plain and simple!
@@onmywayup94 Then you are chained to a lower paid position for 10 years
@@onmywayup94 ...if the nonprofit pays as well as private sector.
I like how Dave said it's not Joe Biden, not him (Dave), but Brian.
If you pay more than the minimum, the balance will shrink. The interest rate is far from being 'predatory'. He won't follow through. Keeps making excuses.
assuming your not on an income program. those are the predatory part. they set your payment bellow the charged interest addition.
Making everyone have an interest rate determined by congress is absolutely predatory!
@@HospitalLocksmith The current program does not let the balance increase even on an income based repayment, ie loan balance does not go up.
@@HospitalLocksmith SAVE program doesn't accrue interest beyond minimum payment
they set the min far below what interest is so even if you would pay more then the min you will still accure more interest then is compunded so yes its in fact predatory
He ain't gonna pay his student loans. He's deathly afraid of the possibility that the debt will be forgiven the day after he makes his last payment
The fear is real lol
Brian still hasn't come to realize he borrowed money to go to college several years ago and it is a debt he should pay. He doesn't seem to make the connection that at least some of the reason he is making $90,000 a year is because he attended college on borrowed money. It happened so long ago that now he has forgotten what he received (an education) and is pissed he has to pay the money back. That's why he is not "motivated." Brian, don't be a deadbeat and expect some guy (a taxpayer) who didn't go to college to bail you out of your student loan debt. You, not he, got the benefit of attending college. And let's be clear that Joe Biden isn't going to pull any money out of his pocket to pay your loan. Man up and get this knocked out by 2025.
And then, he will suddenly have all this extra money in his bank account each month! Funny how things work.
Caller: O.k. sounds like a plan thanks
Next day: Sweetie let's hit Park City this weekend
“Let’s put the side by side on the trailer and pull it behind the 2500 on down to moab”
I miss this Dave. Savage LOL
I have $11k In student loans at age 42. I hope to wipe it out this year.
Paid mine completely off.
Dave was kind to this guy even though he fell off the Dave wagon. Unlike the other caller he tore into.
Didn't really pay attention to Dave Ramsey until about a year ago, but at that point I had already paid off all my student loans, credit cards, vehicles and only have my mortgage remaining, which should be paid off next year. Took me years, but this advice is exactly on point. If you want your debt gone, you have to live like you want your debt gone, instead of being comfortable and friendly with having debt that sticks around like a bad roommate that won't move out.
Exactly. People just need a Clu
Honest question to people in the comments. If you were to go back and take on student loans, how many years would be the cutoff to pay on student years before you would say college is not worth it? Brian here has been paying for 19 years. At what point is college not worth it.
I’ve been paying mine for 9 years. If I could go back, I would either drop out, or work 3 jobs to pay it as I went.
I worked 2 jobs throughout college, and never paid for a semester unless I could do it upfront. I never had student loan debt...it was hard for several years, and I graduated a year later than others, but it put me much farther ahead of my peers once I did graduate. If it takes you more than 5 years to pay them off with Gazelle intensity, then they aren't worth it.
In general, I've think about 4-5 years of living very small, working hard, and paying off aggressively.
I wouldn't have gone for my doctorate- would of stopped at my masters, because the little extra I get is not worth the time (5-6 years) or the investment/loan (50,000).
Dang this is what I needed to hear even though I don’t want to hear it 😭
$20,000 in student loan debt and says he's been paying for 19 years?? Unless he has been paying in cowrie shells
What kind of idiot can't pay off $20k on a $90k salary?
I'm sick of people that think like this guy. The only program is for you to pay the debt that you're responsible for. Quit trying to put it on everyone else. I, as a tax payer, should NOT have to pay off your damn debts. Be and adult and take care of your responsibilities.
Interesting. I think the same thing with business owners who declare bankruptcy and want to pay pennies on the dollar or nothing.
If I had my way I would make business bankruptcy much, much harder. There would be no LLCs. In fact when a business owner uses the government and courts to get our of paying their debt, you don't even want to know the dark thoughts I have to deal with that person!
Yes, but let's apply it to everyone, not just people with student loan debt. I, as a taxpayer, should NOT have to pay for anyone's crap life choices. Be and adult and take care of your responsibilities. No more social security! No more Medicare! No more welfare! No more unemployment! You're life, your health, your children, your decisions, your responsibility.
I'm forty-five. I had my student loans for twenty years.
I have 19907.
Going back to Asia.I should have it paid off in three years.
The cost of living is low, and teaching makes good enough money for me.
I make 1500 a month
This guy has.
More money when I can ever imagine
Just pay the loans off.
If I pay five hundred a month , i'm pretty sure I could have it paid off in three years.
I never really thought of it as a burden because I don't have any other debt.
I don't have a mortgage, and I don't need a car.
Most likely.I'll spend four more years in taiwan
That at some point and time I'll go back to school and return to japan.
I'm debt free, except for all those debts 😂
This guy makes 90k a year but is worried about paying off 35k in student loans and car debt.
The understatement of the whole conversation is when the caller says "I haven't been good at budgeting..." (3:03).
The call screener should have hung up on this guy and moved on to someone who's really in debt and needs help.
Do not look for short cuts you have to save your money for investments and don’t give your money away save for retirement save for investments
Happy and thankful i dont have student loans.
I’ve paid my way through undergrad and masters but all this forgiveness stuff makes it feel like a slap in the face. The left needs to quit entertaining all of this.
So exactly what does "debt free" mean to you?
Ken got to speak. Cool.
Ehh.
I mean, PSLF does actually work quite well. You would be a fool to ignore it.
For some, yes. But if this guy doesn't immediately qualify, it isn't worth him getting a job that qualifies him. It's $20k and he's had it for 19 years...
The Biden Administration has been effective in administering the PSLF. If you are committed to public service, it IS an option.
PS I paid every dime of my loan at 9% in the early 90s.
@@emoney1231 I agree. Responding to the video title.
@@silentcoconut Gotcha 👍
I got 140,000 forgiven, it works if you follow the rules.
I consider myself debt-free if I don’t count the debts that I have.
Dear Lord, thank you for me bringing me into life here in Croatia where me and my kids get university education for free (almost). When I listen to these things, I see I am richer than most of the Americans - I don't have much, but my net worth is positive. Dear Americans, please stop paying for university with loans - don't you see the scam? The universities set their own prices that increase each year, and why wouldn't they cause government is funding - and then transferring this burden to youngsters without a clue about their finances.
How do you get 1500 when he said 700
Anyone else tired of hearing callers that want/expect the taxpayer to pay back what they borrowed for an education?
I hate the mentality. Forgiveness should have never been an actual thought in the minds of those running the country. I’m sure there’s now even more people irresponsible people because of it.
I do too, but I still remember 20 years ago how schools encouraged me by making it seem like it was so simple. Take out a loan, then you will get a degree and make so much money, and then just pay it back. I got accepted to a great college, but it was very expensive and I flunked out my first year. That was actually a great thing that happened. My parents set me straight and made me go to a much cheaper, but still accredited community college. I ended up tutoring there and they covered 50% of my costs and when I graduated, my first company only cared that I had a degree. I was able to pay back the loans within 3 years. My best friend graduated from that other college I flunked out of, and he just showed me his loan balance statement of $122K still remaining a few weeks ago. For his sake, I was rooting for him to still get some kind of support, but I realize that meant putting the burden on myself and everyone else who paid off their loans. The system is truly a messed up one.
@@ronnie5151 What's next? People go out and buy a new Tesla and expect their car note to be forgiven?
@@gene_takavic57 exactly my point. The only reason people don’t pay their student loans is because it cannot be repossessed. I know people that went to school for free from fafsa and still took out student loans and bought a car with it. It’s bad politics.
The taxpayers ought to stop handing out these loans like candy if they don't want to eat the losses. On what planet doesn't the lender have risks? Tax funded loans = taxpayer losses, kiddo. Make better choices at the polls if you want to fix the real problem.
Papa Dave hates people who don’t pay their lenders 😅 ouch
Well, when it comes to public student loans, yes. Forgiveness of those falls onto the taxpayer.
Lol kinda like he did in the 80s 😂
Brian: "I haven't been good at budgeting..."
Everyone: "You don't say."
When Brian said, "I could come up with between $700 and $1000 a month", their response should've been, "Where has that been going, then?"
making 90,000?and complaining? lol
Don't be dumb! Live at home if it's close to work! Dude you'll have an extra 2k to save or spend!
PSLF is legit
Did the caller state that he is in public service?
Caller: I consider myself debt free expect for my mortgage, my student loan and my car loan. smh 😂
It’s almost surreal to sit here and listen to a man making 90k whine and moan about 20k of debt. People have paid off more debt than that, while earning less. You really can’t help these people. His income could double and he would buy a nicer car and bigger house and still whine about the student loan debt.
Bet he wants the payoff after 20 years. Pretty sure he makes too much for that though.
Statute of limitations.
What kind of morality do people have that allows them to take out a loan and hope against hope that all of their neighbors will pay it off for them?
People are not moral because if they were, we would not be living in a Capitalistic society, we would be living in a socialistic one.
The same ones who take out loans, then use bankruptcy laws to get out of paying them back.
Neither is any better than the other.
@@steelcastle5616 I submit its worse. With bankruptcy, the creditors assess the risk and extend credit- sometime they lose, but by and large the taxpayer doesn't take the hit, the creditor does.
@@James_Hough The "creditor" isn't a taxpayer? And the government-backed student loan program has been assessed/risk accepted for the overall program. Thank the US government for accepting on our behalf.
@@steelcastle5616 With bankruptcy, the creditor is usually NOT the taxpayer. In that case, the taxpayer does not pay the loan back to the person that lent their money. The person that that lent the money simply does not get paid back at all. The taxpayer pays nothing.
20k isint that bad if you hit it hard every month.
This guy does know is numbers.
If he did he could have answered the question "how much do you have left at the end of the month?"
Is it smart to get a personal loan to pay off my mortgage and just pay back the loan?
@dberry201 Are you insane? That's not paying off the mortgage, it's just moving the mortgage debt to a personal loan.
Why go through that process just to have the same amount of money on a different loan? Just pay off your mortgage as it is.
@@sdgarrison He probably got that idea from watching some "infinity/velocity banking" videos. Possibly from that Vann woman, she has a bunch of the same nonsensical scheme videos. Those idiots think that shuffling money around between loans somehow creates money out of thin air.
Just pay off the mortgage. It's not rocket science!!
Look at the interest of your mortgage and look at the interest of the personal loan. You are shifting the same amount of money. More interest = more money you have to pay.
Stop the malarkey
*Bro spent money on college.* 💀
Imagine not using grants, low-interest loans, and bursaries...or just studying under a mentor instead.
I started this year with no student loans and I still don't have student loans. Come to think of it I never had student loans because I never went to college. Debt free today making 6 figures at a fortune 500 company, telling engineering firms what to do. Figure THAT shit out.
If this guy had taken initiative instructions of waiting on some government program to bail him out, hed have his student loan paid off already
Holy crap this guy is a bucket of mush 😂
it's not rocket science, folks.
Pay off student loans with a credit card then file for bankruptcy 😂
I would rather have more of dedication than motivation...this is how winners are made ...ROCKY
Get the loan forgiveness. Under the SAVE program, it most likely would be forgiven.
$1700 a month.
Anything with student loans, seems like a fake call.
Please🙄🙄🙄🙄
Fourth!
As usual, Dave hates student loan forgiveness, so I hope this guy actually does get some forgiveness from the government 👍👍
You mean forgiveness from the taxpayer, not the government. HARD NO, you take out a loan YOU pay for the loan.
Grandpa Biden will take care of you, Brian. Don't worry . . .
Yup. He just needs your vote one more time 😂
Remember when Dave said Bitcoin was going to zero.😂😂 thank God I didn't listen to his advice
Bitcoin remains a joke.
Your mom's a joke@@amireallythatgrumpy6508
@@amireallythatgrumpy6508 your m0m's s a joke
I don’t think he said that.
YEAH
i am so ashamed that our society has so many really dumb people.
Pay things in full, or quickly, what is so F'n hard about that?
people want a quick easy give me give me way, is it really that hard???
First