I make good money and somehow ended up $20k in credit card debt due to impulse shopping. If I wanted something I bought it. I was also somewhat of a hoarder so to speak. If 1 of something was good, 10 was better. I finally decided I didn’t want to be a slave to the credit card companies anymore. I created a budget (never had one before) and started living on the bare minimum in order to throw all my money at my debt. I’m currently on track to be paid off by October 2024. I still feel sick thinking about all the interest I paid. I know how daunting it can feel when you just don’t see the progress but just keep chipping away. You can do it!
Susan, you did a great job, believe me without deb. you feel always great. no daily worries about your bills, makes your life meaningfull. My only loan was a mortgage that i paid of at the age of 45. Never used a cr.card. Always buy on my deb.card. Never struggling with my money, not living from paycheck to paycheck is great.
At work and came across your video don’t feel alone I’m 50 and broke started my budget journey out strong January 2024 now May 2024 have depleted all funds currently have a negative checking account have $7 in my wallet used my Walmart credit card for gas until payday Friday. I’m a single parent rent is $1900/month plus other expenses. I’m a positive person and hopeful I will bounce back next month. Thank you for sharing this video.
Girl I’m sending you so much love & positivity! The economy isn’t helping either with rates so high & the cost of everything is up. I pray you’re able to get through this.
It is hard to keep focus, when the pay off seems minimal. Get back on it! Budget every penny, track every penny spent. Maybe its not your spending, but the income that is the problem. Could you pick up something extra on the side? Being a widow and a single mom myself, I understand the struggle. My boys are grown now, but still lives at home.
the expensive cost of living makes modern day slaves of us. Finding a cheap way to live and within our means is vital. All we really need is our daily bread and a place to lay our head at night
I'm 46, single, and I've cleaned houses for myself for over 20 years. I'm broke also. I've been working 6 days a week now for 3 years and I'm so burnt out. Luckily, I'm debt free, but, yeah, I feel for you. It is discouraging.
@@leneeanderson4848 I absolutely that is why I’m sharing my story because I know I’m not alone and I want to try to build a community to encourage other people going through the same or similar thing for all of us to rise from ashes together and be amazing
Okay. take a deep breath. I am a personal finance nerd and I want you to calculate how much your 9-5 makes a year. If you are close to the amount you owe on student loans a year, you are doing damn good. It is the credit cards that are making you feel like you have a ton of bills, then add on living expenses it feels like a pinch. Instead of thinking like this I cannot do this or that, I deserve this thing or that thing. Think of it as I am going to go to work, eat very simple at home, take care of the pup, and enjoy the simple things in life. A cup of coffee made at home with the cheapest coffee you can find. I am going to enjoy my eggs on toast with a side salad for bunch and dinner is going to be some slow cooked chicken with black beans, veggies over rice. You can do this. And even if you have to work at the grocery store on Sundays to earn a bit more YOU CAN DO THIS. The goal is to stop using the credit cards, pay off of the credit cards then deal with the student loans.
There’s no shame in your financial situation, no matter what it is. The fact that you’re taking ownership is the first step. With sacrifice, consistency and a long term goal (one informed by many shorter term goals), you will gain financial security. Good luck Rachel ♥️
@@MrNsoe people making mistakes is absolutely their fault. It’s just not something one should be shamed about. Making financial mistakes in our modern world is extremely common. I have a great job with excellent credit and no debt. The catalyst for my current state however was being broke, having horrible credit and having maxed out credit cards in my 20s. That life sucked and I hated every minute but I am not ashamed of it because it brought me here, to a place where I am financially secure.
I’m sure this was not an easy video for you to do but I want to thank you for being so open and transparent about your situation because this has become a national crisis in terms of the debt situation so just bringing that awareness will go a long way
Thank you so much for being kind wild boy. I absolutely agree that this is becoming an epidemic and so I wanted to share so that way other people that are going through the same thing do not feel alone. For so long, I felt alone and then Covid happened and TikTok really blew up and I found so many people that were going through the same things as me at that time, and really open my eyes and it made me feel so alone and it was just so reassuring that I wasn’t the only one
The only way to get out is cut up the cards, meal plan, ser a budget, and sacrifice. Currently doing that myself and only have my student loan debt left. It's taking some years but is worth it. Going to have to figure out a way to increase income that works for you.
Yep, already been doing that. My credit card debt is from like a couple years ago and I’m just now getting to a point financially work actually pay for it and put like significant amount of money towards it. I haven’t used my credit cards in like two years, I’ve been prepping and budgetingstarting this year, so I suspect it will be gone soon and I’ll only be left with my student loans
That’s strange. I know that my parents didn’t really teach me about money but I spent the money to give me 200,000. I wish they had just taught me about loans and debt and especially student loans and interest rates and what I was gonna do to me long-term. Especially since my mom had student loans, but I was a child, you know
@@TheRachelShow…why do I get the impression that even if your parents DID teach you about debt & interest & loans you would push back and ignore any advice they gave?? 🤔🤔🤔 ….Oh! Yeah! 🧐, at 41 you’re STILL blowing off advice from people who tell how you can turn this problem around but you don’t want to do the work & sacrifice needed to accomplish that goal.
@@boatsie I don’t think so. I think if they had given me a solid foundation, would I make mistake still, yes I’m human but I think it would’ve given us an open path to have conversations with each other where I could run financial decisions, especially big ones I was gonna make with them and I would feel comfortable to not be judged and they are just providing input out of love and respect. But because there was never any conversations had as a parent to a child/teenager. There’s never been an open door or an open path to have these conversations with them so it’s led to me having to make a lot of choices in the moment due to circumstances that I’ve been in because of my divorce because I’m a single mom because I’ve had to figure it out on my own since I’ve been 18. I’m not coming on the Internet, saying I’m perfect because I’m far from perfect. But I do think that it would be nice to have an open line of communication. Unfortunately, my parents have always judged me and made me feel like the black sheep because I’m a teen mom because I had my kids at wedlock and made a lot of stupid decisions which I talked about in my recent video trying to overcome being the black sheep trying to overcome being the outsider of my immediate family. Instead, I should’ve waited until I was mature to make a lot of the financial choices that I made because they would’ve come from a place that I need to do this for me, because I want the approval of people that I’ll probably never get the approval of
@@boatsieyou get that impression because you’re not interested in helping anyone, you just want to point your finger, assign blame, and/or laugh at people. No one should take you seriously. Also, assuming you know what a person would do in a hypothetical situation just screams “I think I’m smarter than everyone.” Get a life dude.
That’s because most people with financial struggles were not raised to have financial discipline by their parents. Almost everything you do as an adult has something to do with the way you were raised After all, it is your parents’ responsibility to teach you all the things you need to survive and thrive in this world. If you had terrible parents (or no parents at all) of course you’re going to struggle most of your life because instead of learning and being guided a mentor, you now have to learn everything the hard way.
Great stuff! You'll do wonderfully well, I'm certain! I was diagnosed with several chronic spinal conditions in my early 30s. I was so thankful that my wife and I had been extremely responsible with money. I didn't think I'd be so sick so soon in life, and now in my mid 30's I'm anticipating retiring in my early 40's (assuming I can in fact physically work that long). Kids will be in school by then, and we SHOULD have enough to get us by. Life goes so fast, and genuinely don't know how many healthy days you've got left. Make them all count! God bless
Lack of credit cards won't protect you from medical debt and unemployment. It's naive to think that people get in debt just because they buy too many things.
❤ Virginia ❤ I dropped out of college 04. One of the BEST decision I've made. Despite all my elders telling me it's the worst move. Back then my intuition 😌 was telling me something was wrong, but I couldn't understand why. Now, getting ready to enter my 40s, I'm in a healthy financial situation. Yes, with a degree I could earn 30k or more but the peace of mind 😌 makes me feel different. So thank you for sharing 💕 ☺️ It made me feel like sharing .
The way we talk to ourselves matters. When we continue to express regrets for decisions we made, it keeps us stuck in cement. No one can move forward by standing in the past. Many of us have a debt story. We know what it takes to get rid of debt and so do you. If you're filming in your apartment, you aren't broke. Your apartment looks specious and well furnished and you're warm and comfortable. However, no matter how comfortable your apartment, debt is stressful. You have debt because you chose to take it on. It no longer matters what you didn't know, or weren't told; your life is "here" now and your future is in front of you. You can retire your debt as quickly as possible, if you choose. You're the boss - how many changes and which you are willing to make to retire your debt is up to you. There are hundreds of videos by people in debt on YT. Some are more serious than others. They tell their story, walk through their monthly budgets and talk about their debt. One I like is "mistakes were made". You might like the budget sheets she uses and how diligent and determined they are. You CAN do it!
Excellent statement. I totally agree. I feel like there’s some victim mentality going on with her. She’s fortunate as compared to many folks. She needs to realize that. Once that triggers, she’ll do whatever it takes to get that debt retired sooner than later. A few years of sacrifice are in order. She was willing to drag out those multiple college degrees and take on that debt, she should have the same gumption to find a part-time gig to speed up these payments. At least she’s in her early 40s, and not 60s or 70s or 80s like many struggling. She has many options, but I think more excuses.
@@Michelle-lc3jy believe me I think God every day for my life. I have worked really hard to get where I’m at, and I definitely don’t take that for granted because I know that a lot of people are not fortunate to have the same opportunities and privileges that I’ve been able to have because I have had such a great support system over the last 14 years of being a single mom. just because I don’t describe every single sacrifice and thing that I am doing there are plenty of things happening behind the scenes that I just don’t share because it’s personal
@@TheRachelShow I can appreciate that I don’t know the full story, but you seem to sharing quite a bit of personal stuff on your channel. You do have to understand that fact alone offers you up for opinions by viewers. As to the degrees, maybe work on getting your SIE to gain knowledge of financial matters when coupled with your existing accounting and finance degrees. That’ll not only improve your job opportunities in this field, but also inform your personal finances and help you educate your audience in the process. Value add to what you’ve worked hard obtaining already and leave the excuses & past at the door. Like the previous viewer said; look ahead!
It is okay to ask around if anyone in neighborhood got extra uncook food that they can give away when you ask. I did this and found that ppl are usually generous to help. And this act alone helped me to paid off 80 percent of my debt. But when I tell my friends who also struggled financially , they said they couldn’t do it because this is shameful. I really think it is not. It is very important not to have debt for a healthy mind.
30 years ago my dad earned $70k as a blue collar worker. I'm a 20 year experienced college grad engineer and I can't find any jobs that pay more than $90k-$100k. Older generations don't realize how bad the pay structure has gotten. No wonder we don't have money for houses, kids, retirement expenses and vacations.
@dachicagoan8185 Most people in the older generations realize it's not the same playing field. Their egos just won't let them admit that to the younger generations. Anyone with compassion and empathy can see it and will admit. I don't need to be punched in the face to know that a punch in the face is going to hurt.
I do not have any degrees but work two jobs 26 yrs at one retail store and 5 yrs at a grocery store on the weekends there are no vacations and just work all the time just trying to make it and I am grateful for being able to work and make an income never been promoted in my whole life 💃🏻💵💵 just an American living the Dream 🇺🇸
I am so glad for you. But why does working ourselves to death have to be the “American Dream”. I rebuke that. Don’t give me wrong. I have had my period in life where I’ve worked 80 hours a week at two jobs and had no life and barely got any sleep and wasn’t taking care of myself because I was working so many hours and stressed out about all that. And I rebuke that life, there’s gotta be another way and I’m cracking the code
This is the realty for millions of men and women. But then there's the 19 year old girls that go on Onlyfools and make more money in a year than both her immigrant parents did over their whole carrer. College is a scam but if you're not handy and can go into trades you're next to required to go into debt to get a piece of toilet paper certifying you for a job.
Some of these comments really disgust me. I’m sorry you’re experiencing this, but one thing is for sure, you can through this. Persistence is the key. As long as you actually want to solve the problem, you will solve it. It’s inevitable. It’s just going to take some time. I’m praying for you.
You are not alone. We make decisions when we are younger and it just snowballs. Keep doing this channel, search for sponsors, your channel is growing. You already have a full time job, no need to go outside for another job. Maybe an online job. You are fully aware of the situation. Whatever grants or help available..take it. It’s helping people that refuse to work. There’s no shame in letting it help you if available. Maybe add a tip jar to your channel? A buy me a coffee link or tip jar, I’m not exactly sure how that works, but I see them on other channels. You got this ❤️
Thank you so much for being so kind. I am hoping to make some money with this channel. I’m putting in a lot of work and learning editing and getting better and growing as a creator and I really love doing this and I can see longevity in this as additional income. I do work outside of the home office so getting a second job just isn’t really realistic with me having a dog, but if I am able to go remote at the end of this year, which is hopefully the planwith this job that I have right now then possibly I can get like a second online job where I work both jobs simultaneously and continue and hopefully that will get me somewhere in life
@@TheRachelShow I have the same situation as you. I read that comment about putting your babies up for adoption and I had to take a step back before I lost my religion. It makes no sense to leave mean comments. You are a great mom And me too. We had bad marriages. That’s not our fault. I agree with you, no second full time job. Keep doing what you do, coupon clip. Shop sales, and pay what you can. Right now there are student loan programs available. I hope you look into those. I wish we lived closer! Same state just different areas.
@@piecesofbella the bad marriage might’ve been my fault. In the sense that I picked the wrong partner. But before my frontal lobe had developed, and I had life experience and been around the sun a few more times I was totally unprepared and in the big sense of denial that I had ever picked the wrong partner, but now that I’m you know in my 40s I have definitely woken up to the fact that my marriage filling is awesome. My fault for the part that I picked the wrong partner for me. I had nothing to do with him cheating that’s on him now. 😂
You got this girl. Just getting started is the hardest part. Don’t be too tough on yourself for things you could’ve done different. You did the best you could at that time in your life.❤
@@bridgetmitchell2925 thank you so much for your words of encouragement and your positivity. It’s definitely hard to start and it’s also hard to be this vulnerable sharing this on the Internet, but I’m hoping that you know it makes at least one person feel like they’re not alone.
This is an very relatable story, I got in to debt at a very young age and just recently just got out of debt. It was a long journey for sure. It took a long time for me to get around the mindset that I was broke, and had to work a lot and put a lot towards my debt. I wasn't taught my parents finance, but I learned some things in my journey that helped. I keep a journal and read as much as I could budget books for free. You can do it it just takes lots of discipline and I had to stop school so I could pay back what I had. After you get out , your mindset changes and I am never going into debt. Everyone got my money and I was so upset, I could have done so much with what I have had and made, but lesson learned. I am 40 myself and finally learned my lesson. But I hope all works out for you and your journey. Good luck 👍 Dave Ramsey is a good financial guy to listen to.
@@jenniferwebb677 congrats on getting out of debt. It’s definitely a mindset shift. I’m going through this now. Shedding my old self to make room for my new self
Appreciate your honestly and candor. Your situation is like most people. Don't beat yourself up. The key is to look at your situation, know you want to change and make small steps. You're student loans will take some time but interest is not crazy on those. You want to attack the credit cards. Once you get those paid off you'll free up tons of income so you can save and not get back into CC debt.
I'm 56 years old and finally can live on one paycheck (62k gross / teacher). Add my 110k student loan had not been forgiven in 2022, I would have retired with the debt and the balance would just keep growing. I held it for 16 years. More people are in debt than we can even imagine - Including those who live in fancy houses and drive nice cars. They're typically doing it with massive debt. People such as myself and you who tell our story to the public help the masses. It makes people not feel so alone. You should be proud for telling your story. You don't know what life you're saving. Liked. Subscribed❤
Thank you so much for leaving this very nice and kind comment. I totally agree. There’s so many people that are in debt. Specially, the ones in the fancy houses driving their fancy cars sometimes they are barely surviving to cause they’re living above their means.
Why not move your discover balance to the truist card - STOP using the discover card, focus on paying off/down the truist card, and let your children (and others) know no birthday or Christmas purchases for a while - if you are 41 they are old enough (early 20s?) to understand. It’s a slog, but, once you start and KEEP focusing on paying it down, it gets easier. Good luck. Once paid off, switch back to the discover card, pay it off IN FULL each month and use the card to your benefit - the cash back builds effortlessly as long as you ALWAYS pay in full each month. Discipline is the key.
@@TheFatesLieutenant I haven’t used my credit cards in a couple of years now. And since this video I moved my Discover balance to a 21 month 0% credit card. 🫶🏻
Our educational system and parents have neglected to teach any of us financial health. We have taught our kids how to be financially sound. At 21, 19 & 17 they all have emergency funds to be able to buy a car. It took us a very long time ourselves to become financially literate. It’s all behavioral shifts from a spending mindset to a savings mindset.
@@TheRachelShow 100%! Ours did not either. We were on the rollercoaster for 20+ years, took till our 40s to figure it out. We are trying to instill in our kids financial health is just as important as your physical & mental health. The stress of finances impact all other aspects of our health.
Thank you for sharing. It’s tough to be vulnerable. I’m sure your channel will be very encouraging to folks in similar positions. Good luck, you got this!
You look like a very sweet and kind person, and I wish you all the best, I really do. Unfortunately, many of the choices we make in life have consequences and this is one of them. It's just that taking 2 bachelor's degrees in almost the same subject, getting multiple loans... as an accounting student, I think you should have known better.
Wow. I'm so sorry about the University of Phoenix. I remember looking on line for a degree when things were first starting they were one of the only ones offering them. So glad now I didn't pursue that!! How old are your kids? Your report about the c/c is why Dave Ramsey uses the snowball method - as that interest will kill you! I guess the first couple of questions - do you have a budget and know where your money goes? Also...you can do this! Lots of people have! Listen to Caleb Hammer, Dave Ramsey and Under the Median. These will help your mindset. Under the Median is about helping people who live with less than the normal amount Americans have.
@@LadyOneKC yeah I wish I had gone to the trades but I felt like I would have more paycheck security if I went to corporate route. I’ve been laid off twice in the last 7 years.
OK. I do not care about your history. The only thing I will need to know is how are your finances now, how much are you bringing in now, today and that means everything? The thing is you can combine all your debt's into a one payment plan. I have calculated that over ten years you can pay, each month, only around $810.53 a month. You will have to work your backside off, but, you will get there. Cut your credit card up while you are in the bank to sort out your finances. Only take out cash or pay with a debt card. You have to be accountable for your finances. Go to your bank NOW to sort out your finances, NOW!
@@TheRachelShowBut you have a degree in Accounting & Finance. You should’ve learned the fundamentals at this point. Maybe your parents failed you in teaching you the basics, but you have had the time & resources to teach yourself.
@@Michelle-lc3jy I wish I had the time see I’ve been a single mom for the last 14 years and when I was going to school, I had four classes two part-time jobs and two kids to take care of so no I haven’t really had a time I’ve been living in fight or flight until probably 2024, so my mind really hasn’t been on teaching myself this even though I know it is a basic life skill, but I just have been so overwhelmed and overloaded and mentally and emotionally not to mention being divorced from a narcissist that you have to share kids with comes with so much trauma and abuse that I have had to endure
@@Michelle-lc3jyYou’d be surprised at how little college actually teaches you to apply the material and skills you’ve learned to the real world. Having the degree in and of itself doesn’t guarantee shit. Especially when you factor in things like…oh idk…being a fallible being? (Human)
What kind of jobs were you offered w a new accounting degree? Was the work & pay what you expected? How has your work changed over the years? Did you get to enjoy pay raises as you gained more experience? Was it worth it?
@2:40, right after you said "...but I do have credit cards", I got an American Express ad lol. I was lucky in that I've always been debt averse and did pretty much anything I could to avoid it, so much so that I worked 60 hours a week while going to school full time so that I could pay most of my tuition up front. I did end up with a small amount in loans, but it was under 10k and I paid it off as quick as I could. Also, having no wife and kids helped me out alot I'm sure (I hear they're expensive haha). If the student loans have a low interest rate you might be able to just pay the minimums and then invest the extra money or use it to pay down the other debt. But the credit card part is tough. They come with a high interest rate so it's difficult to make a dent if your balance gets too high. And to make things worse, if you miss payments, you pay fees, your interest rates go up and you owe them even more. The system is set-up to keep people in debt and it's terrible. I hope everything works out for you - it's a difficult situation to be in.
@@kebas239 i’m not gonna lie. I’ve done a lot over the years. There were several years where I worked 80 hours a week, but unfortunately because I had to pay almost $900 a month in child support on top of trying to survive and feed myself and my dog, I was never able to use any of that extra money to go towards my debt because it had to go towards just normal every day living expenses because I was still a new grad and my regular 9 to 5 job still only paid me, maybe $35,000 a year. But the ad and that placement is wild. 🤣
God wasn't telling you to go to that university. Society marketed that idea to you much like algorithms are doing today with younger generations. Strangely enough your frontal lobe was much more adapted to be a mother than it was to go into debt slavery. Being a parent comes naturally. Learning the nuance of how student loans, interest, compounding and the racket universities and banks have been playing with one another on the public does not come naturally. Even really well educated people get completely blind sided by this and somehow become convinced that having children is more problematic and expensive than burying themselves into the many types of debts being marketed to us at all times. Think of it this way. There are people consistently trying to sell you something. You are your dollars are an asset to them and a liability for your self.
Don’t get discouraged just live on beans and rice and pay off that credit card and student debt. Pay everything as you go and never interest except for a home. Definitely harder with 2 kids and a single mom but can be done! Should be able to make over 100k with accounting
Hi Rachel : ) Dont worry be happy everything will be alright in time just have faith ...If there is life there is hope and be greatfull for the life you have and for the people who love you : ) I'm also 42 years old single and broke but I always try to stay positive in my life even when people around me try to bring me down, coz I know in time I will be on top...
The interest on credit cards these days are ridiculous.Basically 30%. Most people don't realize how much interest they are paying. I purchased a $2k TV on a Best Buy credit card. The deal was no interest for the first 24 months. If I didn't pay off the $2k in 24 months the lump sum interest would be $700. I think it's a good deal as long as you pay it off on time. Seeing the interest as a lump sum can motivate you to pay it off faster.
@@TheMoneyMakingMentor I agree! After this video I moved some of my higher interest credit card debt over to a 0% card for the next 21 months and I’ve already paid $1,200 off on that card so far.
We are in the top 3-5% of earners in US. Our 1 TV was bought 10 years ago. We pay our credit cards off monthly. We have a $950 mortgage. Business pays our truck payment. We don’t eat out much… I would never buy a $2k tv, wtf..
Everyone is broke because everyone is living outside of their means. Its simple math, dont spend more than you make. Hopefully you figure it out and at least have something saved for when you retire.
Oh boy. That is overwhelming. Deep breath! I would definitely go bare bones for a while, to get the momentum going on paying down the debt. Could you switch job, for a better paying one? Or pick up door dash or something, where you can bring your dog? Do you have anything you could sell?
@@TheRachelShow Your story is literally my life. Broke Single Mom had a little cry session in the car. I just got a book that is helping me do a mind shift it's called Living Debt-Free: The No-Shame, No-Blame Guide to Getting Rid of Your Debt Book by Shannon Lee Simmons. It's very realistic and really giving me new hope. It's like 5.99 used on amazon.
@@Lifeissorich. hey how are you? You must be new because I’m definitely been keeping my community my people on my journey and I’ve already did a balance transfer to a 0% card.
When we are young we make mistakes that affect the rest of our lives. Luckily for me i got a free auto tech course for low income students. I became an auto tech with no school debt. Now we get young kids straight out of the college version for auto techs, they are in debt at least 30k and most of them quit within 2 years. They leave the automotive field and are stuck with that debt.
Nobody knew about loans and stuff you are not the only one. Its your responsibility to read what your signing up for. I dont feel bad for myself going into 6k of student debt. That was my fault
I never remember even looking at any paperwork. I’m sure I did because I got alone, but also I felt trapped because I felt like I needed this loan in order to get this education that I felt like everyone was telling me I needed.
You can't be that broke if you have a roof over your head! I live in my SUV (by choice) because I am paying off my student loans. My education got me to where I am today with a job that pays me well over 6-figures (combined $200k), but I am in debt and currently paying that off. I am single and don't have any credit card debts, other than my car payments and student loans. You are probably thinking if I make $200K per annum, why I am living in my SUV? Well, as a travel nurse, I bounce from place to place, so having a permanent residence wouldn't make sense in my case. My student loan is like the sword of Damocles hanging over my head, and if I don't keep up with my payments, my credit may be at risk. I didn't qualify for the student loan forgiveness, but then again, I don't care --- I only have $50k remaining and I make $5k payments a month. I have a bachelor's and master's degrees from Boston Univ and MCPHS. I work as a travel nurse and have busted my butt to get where I am today, and all you can do is make a video and complain about drowning in debt! Colleges/Universities like University of Phoenix is a school for profit, and not sure if those types of "online" school can really help a student get far, in terms of a career path. First rule of holes: if you are in one, stop digging. Secondly, get to work! Get 3 jobs if you have to. I currently work 2 jobs as a nurse and I pick up as much OT as I can. Sorry for sounding mean, but our country is so broken and if Tangerine gets back into the white house, it will be a disaster. I hope you figure things out on your end! Good luck!
@@TheRachelShow I understand the challenges that many of us face today. With corrupt politicians and laws becoming more strict from finance to healthcare. I am not sure what the bankruptcy laws are now a days but that can set a person in even more problems. Perhaps try to look for a job that offers public service loan forgiveness after x amount of years? State and federal jobs are a good place to start with. Secure positions with excellent benefits. Today's politicians are corrupt and they only make laws that benefit themselves to become richer, giving the wealthy huge tax breaks, and we, the working class have to suffer. I hope you get yourself out of debt, and I hope you can qualify for the public service loan forgiveness. Even though I didn't get it, I am glad to see other people get it, as it can really lift people out of poverty. BEST WISHES, and GOOD LUCK!
@@TheRachelShowI understand the challenges that many of us face today. With corrupt politicians and laws becoming more strict from finance to healthcare. I am not sure what the bankruptcy laws are now a days but that can set a person in even more problems. Perhaps try to look for a job that offers public service loan forgiveness after x amount of years of service and making minimum payments? State and federal jobs are a good place to start with. Secure positions with excellent benefits. I know a few people who have 10+ years of public service w/ the feds and state, and may minimum payments towards their federal student loans, and have been forgiven via PSLF. Today's politicians are corrupt and they only make laws that benefit themselves to become richer, giving the wealthy huge tax breaks, and we, the working class have to suffer. I hope you get yourself out of debt, and I hope you can qualify for the public service loan forgiveness someday. Even though I didn't get it, I am glad to see other people get it, as it can really lift people out of poverty. BEST WISHES, and GOOD LUCK!
You're only 41/42. You've got time to change your financial path. I think it would be a good idea to stop using credit cards and only buy with cash. Set up an emergency fund and then evaluate how you can increase your income substantially so you can start paying off that incredible debt.
Such great suggestions I haven’t used my credit card in probably two years and I already have 1000 saved it into an emergency fund. I would like a few thousand more like 3 to 4 more brand in there just so that way I can prepare myself better in case of emergency.
Everyone shouts Dave Ramsey but I read Mary Hunts debt proof living before I ever heard of him. Being your an accountant of sorts I think you’ll love her. The book is pretty cheap on eBay.
See if you can get a personal loan to pay off your credit cards. I was the same and had £9,000 on my credit cards and it was costing me crazy interest so now I know that I will be paying £250 a month for four years but it’s so much more manageable and I know it will be paid off in four years unlike the blooming credit cards. I’m sending you so much love and I know it’s not right but if you’re mentally suffering maybe bankruptcy might be your safest option sweetheart. ❤
Good thing that in 2024 that any young person can basically get themselves the education equal to a degree for like a thousand bucks online, the only thing missing would be a piece of paper from a college. You dont need college anymore, its not worth the debt you will get yourself into.
I subscribed for the cleaning shorts - I was not expecting good sit down videos too. Such a great topic to be transparent with, thank you for sharing. I am excited to see your journey! Sending you all the good vibes, much love
There is nothing wrong with having kids young….having children is a gift and my wife and I wouldn’t trade our kid for any corp job if we had to turn back time. You can’t buy time back.
@@ujayet or maybe they were broke single moms that were also paying child support and trying to support their own house on $50,000 a year. Sometimes there are scenarios that are not black-and-white and don’t fit into the little box that people like for everyone to fit in
I'm sorry you're in this situation but not sure it's your parent's fault. You're in the money business and should know about money, bills, and debt. I wish you luck going forward.
@@Westcoastguy I never said it was my parents fault. I do think that if I have been taught financial literacy and how to be financially sound and more about loans and interest rates and how predatory loan practices can be. I think I would’ve been up a little bit more financially, and I wouldn’t have to have fallen into some of the pit balls I fallen into over my earsbecause I would’ve had that foundation.
97,000 is chicken feed, I could pay that off working night jobs and weekends in a few years and I am a high school drop out I was making over 150,000 a year mowing lawns on the side of my job at a factory doing blue collar work, saved and retired at 49 years old and I am debt free today ,it might be time for you to put those degrees in a safe place get yourself a lawnmower and a beat up truck and start making some real money. burger flippers are making 20 dollars a hour work night jobs and flip burgers on the weekends i have a home paid for, 3 kids doing great and money in the bank and I got it all from hard work. 42 years old with all those degrees and 100,000 in debt with no money in the savings is madness ,you must be a very lazy person or you were just spending like mad hoping some nice guy would come along and pay your way. either way what you have going on is all bad and the only way out is going to be hard work and long hours but I don't think you have that in you. wishing you the best.
Nothing to be ashamed of, it happens to lots of people, it's like with AA, the major step is admitting that you have a problem. So just from watching your video, I have some suggestions: turn off the lamp in the background. That is is costing you electricity. In fact, why don't you sell the lamp? Do you need it? Same for the lava lamp, and the candlesticks. Make ebay into a hobby (selling, not buying). Sell anything you can that you don't need (and that means, really, really need - your doggy needs food, shelter and veterinary care, she doesn't need fancy toys or anything like that, she'll be just as happy with love and play from you, and those things are free). Good luck.
Pay attention ladies...this is the fate of most "strong, independent" women. It took her until 42 yrs old to take any responsibility for the wrong choices she has made in her life.
@@norrisheckwine7439 😂😂 I went through a horrible divorce and was abused for about 10 years post my divorce so this is the first full year I’ve NOT lived in survival mode and am able to actually take control of my life. I’ve known about my poor choices but I couldn’t do much of anything about it because I was just simply trying to survive each and everyday. Waking up with dread and doom is not a life that I want for anyone.
I'm 44 and independent and doing quite well financially and otherwise. Using one person's misfortunes as an indicator for a giant demographic is just ridiculous.
This is a great cautionary tale for all men to avoid them at all costs. They want to be strongs and independents, well give them that. Good luck on your journey. Own up to it and pay for it, I shouldn't have to.
@@kivie13 yeah and I’m trying to avoid men that will just text you after eight years of marriage and want to divorce and tell you that they never loved you in the middle of the night and while you’re taking care of sick kids I’m trying to avoid those people as well as the men will thatbring nothing but chaos and porn addiction to your life
@@TheRachelShow Hey, you have two degrees right? Question for you, if you are so super duper smart and hyper educated how did you end up in the predicament you are in? I never went to college, never married cause I wasn't "good enough" yet I retired at the grand old age of 48. I also own my home outright and have no debt. According to your kind I am dumber than a box of rocks. Weird, no? Good luck in your journey out of debt slavery, and I truly mean that.
@@TheRachelShow Were you the grasshopper or the ant? There's an old saying: A smart man learns from his mistakes, a wise man learns from others mistakes. Are you going to teach your children to be grasshoppers or ants? The past is the past and there is nothing you can do to change it. Learn from it. I suffered from multiple divorces in my life that affected me greatly yet I never married. Now go back and read what I originally wrote and see if you can read it with different eyes and think about it in different terms. Good luck, I hope and pray your kids end up okay in life.
@@TheRachelShow Absolutely!! It helped us get out of debt. He has several books, and lots of info on his website. There are also lots of RUclips videos. He is very aggressive about it though, and will definitely give out the tough love, but it's so worth it. It's how we got out of debt. Just google Dave Ramsey.
tough story, I could not imagine having kids young im 21 years old and was never cool with girls in school so i probably never had a shot lmao Im glad I did not go down the route of going to college but rather the trades where they basically trained me on the job and i been there since 18 Similar to how you are enlightening people on ur situation imma soon make my own networth video, currently its positive $50k Not to put you down but my goal would be to encourage people about the alternatives in life cause college aint for everyone but like you said in the video "Everyone went to college so i went"
It’s definitely a hard field to swallow and it’s made who I am today. I’m very sick and tough as nails and I don’t give up easily so all that trauma has at least gotten me somewhere.
If she can get a 0% card (usually for 9-12 mo), even if she pays a balance xfer fee, the payments will go entirely to principal. Pro tip--you have to make aggressive payments.
Honestly, this is the smartest way to go and I wish I had been more Fightful as a youth and thought about this. I do hope that some of it gets forgiven. I’m thinking about also looking into bankruptcy to see if I can get it extinguished. it’s nearly 20 years old, it’s about 17 years old right now and I’ve been paying on it. It’s not like I haven’t. It’s just that you know the interest is so high so none of my payments make a difference.
Holy cow do some math. 6500 at 3% transfer over is like $200. Then imagine not having to spend 125 per month on interest assuming the transfer is to a 0% interest card. Why on earth would you NOT do that???????????
@@TheRachelShow good you realized that is the move. I respect you for sharing your story. I hope others can learn that instant gratification is not worth it (going out to eat, new clothes). I’m 31 and make about 250k and couldn’t tell you the last time I paid for a sit down meal. It’s absurd nowadays and if we eat out we just get something fast causal. I’m sacrificing the now to have more later. I hope you teach your kids this so they don’t follow your poor mistakes.
Student loans should not exceed 1/3 of what the prospective average salary of what you went to school for actually pays. While I do believe that those who take out student loans should should pay them back. They are extremely predatory. I've never had a student loan. I was a high school drop out. I didn't even get my GED until I was 32( I turn 40 this September) between my husband and I we make almost 180-ish thousand a year. We went to trade careers. I am a Cnc machinist. and my husband is an electrician. mine was on the job training. his was pretty much a paid apprenticeship. While this wont help you and these jobs may not be glamorous. the aging gap in the work force is leaving plenty of room to learn the skills to make great money with out going into soul crushing debt.
Ms.Rachel : I am not stupid but how can you be broke and still look like you are living like your on the Show " Lifestyles of the rich & famous?? I live in the hood in a run down rat infested town house in the inner city and dont have two nickels to rub together living in my mother's basement. Now I am really more broke than you plus I am a soul brother who has been out of work for a year.
"Goin to mexico for my dental" I am curious how safe is that? You hear about alot of people doing body mods in forign contries and getting screwed So how do you know whoever you go to is safe? And i do know i am making assumptions based on what the media says
If you were a man I would tell you to get into the trades, bunch of Overtime and good paying jobs ! Getting into nursing and working 12 hour shifts will get you back on track ! I’m working a lot right now trying to get ahead because I know good times don’t last forever !
@@TheRachelShow we all make mistakes and we learn .. you will find help so don’t worry and spoil your health .. holding 2 degrees is something you should be proud of 😊 Enjoy cuddling your little ones as it is free and helps you destress .. tc .. light at the end of the tunnel
I haven’t thought about it because the main thing that I need bankruptcy for is my student loans and I don’t think you’re allowed to claim bankruptcy for student loans like I can handle the credit card debt, but the student loan debt has a whole Nother situation that I am quite scared of if they don’t forgivethe 60,000 from university of Phoenix
Bankruptcy doesn’t change behavior. Because of that, many people who declare just find themselves right back in debt again. Bankruptcy also does not get rid of student loans. They’ll follow you til your death. The law has gotten tougher on declaring also. They’re likely to put you on a payment plan for your debts (Ch 13 I believe) if you make any money at all. She can do that herself.
@@flygirl2447 I thought bankrupcy would be the solution also for @TheRachelShow, didnt know about student loans. But you are so right. I remember watching Dr. Phil a long time ago, he said something that I never forget, and is so true: "You cant fix money problems with money"! You need to change the behaviour first.
College is trash now a days. I have a BS in Information Technology, but it provides me nothing. My Cyber Security and IT certifications are far more valuable and provide skills training verses that theory crap college gives you.
@@russellallen5088 I honestly think that with most jobs you don’t really need a degree you’re either going to be trained once you get the job each company has their own way of doing things and they’re gonna want you to do it their way. The only thing my degree is really good for is leveraging some salary negotiation, along with my experience as well, of course
I'm from some nordic country.....just tell me Americans obsessions with credit cards? Non of us in Europe get it. We use it only when really really need it...very few times a year. Not for every good deal popping up several times daily.
@@EricB07 sure happy to fill you in. Every American is different and also it’s so dependent on your life and how much you earn and how much debt you have. So many different factors play into this. Some Americans use credit cards to earn the reward points to use them on physical items or travel for vacation. Some American must use their cards for daily necessities like gas and food due to the high cost of living and wages in certain industries not keeping up with that or because someone is living above their means or has a ton of debt or might be a single parent. And some Americans don’t understand how predatory credit cards are and use it to buy dumb things like clothing shopping sprees and don’t realize how much interest racks up. There are plenty more examples but there are so many variations of factors that play into this so there isn’t one straight answer I can give you and I’ll spare you a novel. Hopefully that helps
Thank you I am so glad I’m not alone. For so long I suffered in silence but I feel like it’s 2024. We need to normalize this stuff and we need to talk about it so we can build community and help each other.
@@BlockchainFiananceandvalue clearly you know nothing about my life to make this bold statement. This wide sweeping statement should go watch some of my other content to learn a little bit more about me and how dumb the statement is.
I make good money and somehow ended up $20k in credit card debt due to impulse shopping. If I wanted something I bought it. I was also somewhat of a hoarder so to speak. If 1 of something was good, 10 was better. I finally decided I didn’t want to be a slave to the credit card companies anymore. I created a budget (never had one before) and started living on the bare minimum in order to throw all my money at my debt. I’m currently on track to be paid off by October 2024. I still feel sick thinking about all the interest I paid. I know how daunting it can feel when you just don’t see the progress but just keep chipping away. You can do it!
@@susanb7594 thank you so much Susan! ☺️
You just have no self control.
Susan, you did a great job, believe me without deb. you feel always great. no daily worries about your bills, makes your life meaningfull. My only loan was a mortgage that i paid of at the age of 45. Never used a cr.card. Always buy on my deb.card. Never struggling with my money, not living from paycheck to paycheck is great.
At work and came across your video don’t feel alone I’m 50 and broke started my budget journey out strong January 2024 now May 2024 have depleted all funds currently have a negative checking account have $7 in my wallet used my Walmart credit card for gas until payday Friday. I’m a single parent rent is $1900/month plus other expenses. I’m a positive person and hopeful I will bounce back next month. Thank you for sharing this video.
Girl I’m sending you so much love & positivity! The economy isn’t helping either with rates so high & the cost of everything is up. I pray you’re able to get through this.
It is hard to keep focus, when the pay off seems minimal. Get back on it! Budget every penny, track every penny spent. Maybe its not your spending, but the income that is the problem. Could you pick up something extra on the side? Being a widow and a single mom myself, I understand the struggle. My boys are grown now, but still lives at home.
the expensive cost of living makes modern day slaves of us. Finding a cheap way to live and within our means is vital. All we really need is our daily bread and a place to lay our head at night
Ha you guys think that’s bad I still sleep with a baby blanket every night at 35 in my parents home
Your rent is eating you alive. Sell unused items and move to a cheaper place.
I'm 46, single, and I've cleaned houses for myself for over 20 years. I'm broke also. I've been working 6 days a week now for 3 years and I'm so burnt out. Luckily, I'm debt free, but, yeah, I feel for you. It is discouraging.
I’m so sorry Lenee it’s not supposed to be this way. There has to be a solution.
@@TheRachelShow just know you're not the only one out there feeling that way or in this situation.
@@leneeanderson4848 I absolutely that is why I’m sharing my story because I know I’m not alone and I want to try to build a community to encourage other people going through the same or similar thing for all of us to rise from ashes together and be amazing
It’s not luck that you’re debt free. It’s your accomplishment.
Okay. take a deep breath. I am a personal finance nerd and I want you to calculate how much your 9-5 makes a year. If you are close to the amount you owe on student loans a year, you are doing damn good. It is the credit cards that are making you feel like you have a ton of bills, then add on living expenses it feels like a pinch. Instead of thinking like this I cannot do this or that, I deserve this thing or that thing. Think of it as I am going to go to work, eat very simple at home, take care of the pup, and enjoy the simple things in life. A cup of coffee made at home with the cheapest coffee you can find. I am going to enjoy my eggs on toast with a side salad for bunch and dinner is going to be some slow cooked chicken with black beans, veggies over rice. You can do this. And even if you have to work at the grocery store on Sundays to earn a bit more YOU CAN DO THIS. The goal is to stop using the credit cards, pay off of the credit cards then deal with the student loans.
Thank you so much for this advice. Hope you have a wonderful day.
@@TheRachelShownaw, file bankruptcy! Get a fresh start!
@@kamallamccain2699 I’m definitely considering that I need to save up for a lawyer
…she CAN do those things, she just doesn’t WANT to do those things.
@@boatsie I’m actually currently saving up for this.
There’s no shame in your financial situation, no matter what it is. The fact that you’re taking ownership is the first step. With sacrifice, consistency and a long term goal (one informed by many shorter term goals), you will gain financial security. Good luck Rachel ♥️
Thank you for your optimism Eric 😄
Oh buddy, there should be a shame on how bad you handled money, unless you love debt so much.
@@MrNsoe company’s literally spend billions manipulating us in order to buy things. Making a mistake in that environment is nothing to be shamed for.
@@ericHHII you are not a kid to be easily manipulated. Grow up. Its not your fault but others?
@@MrNsoe people making mistakes is absolutely their fault. It’s just not something one should be shamed about. Making financial mistakes in our modern world is extremely common. I have a great job with excellent credit and no debt. The catalyst for my current state however was being broke, having horrible credit and having maxed out credit cards in my 20s. That life sucked and I hated every minute but I am not ashamed of it because it brought me here, to a place where I am financially secure.
I’m sure this was not an easy video for you to do but I want to thank you for being so open and transparent about your situation because this has become a national crisis in terms of the debt situation so just bringing that awareness will go a long way
Thank you so much for being kind wild boy. I absolutely agree that this is becoming an epidemic and so I wanted to share so that way other people that are going through the same thing do not feel alone. For so long, I felt alone and then Covid happened and TikTok really blew up and I found so many people that were going through the same things as me at that time, and really open my eyes and it made me feel so alone and it was just so reassuring that I wasn’t the only one
The only way to get out is cut up the cards, meal plan, ser a budget, and sacrifice. Currently doing that myself and only have my student loan debt left. It's taking some years but is worth it. Going to have to figure out a way to increase income that works for you.
Yep, already been doing that. My credit card debt is from like a couple years ago and I’m just now getting to a point financially work actually pay for it and put like significant amount of money towards it. I haven’t used my credit cards in like two years, I’ve been prepping and budgetingstarting this year, so I suspect it will be gone soon and I’ll only be left with my student loans
Every person I've ever met in debt blames their parents, like they had absolutely no agency in their own demise.
That’s strange. I know that my parents didn’t really teach me about money but I spent the money to give me 200,000. I wish they had just taught me about loans and debt and especially student loans and interest rates and what I was gonna do to me long-term. Especially since my mom had student loans, but I was a child, you know
@@TheRachelShow…why do I get the impression that even if your parents DID teach you about debt & interest & loans you would push back and ignore any advice they gave?? 🤔🤔🤔 ….Oh! Yeah! 🧐, at 41 you’re STILL blowing off advice from people who tell how you can turn this problem around but you don’t want to do the work & sacrifice needed to accomplish that goal.
@@boatsie I don’t think so. I think if they had given me a solid foundation, would I make mistake still, yes I’m human but I think it would’ve given us an open path to have conversations with each other where I could run financial decisions, especially big ones I was gonna make with them and I would feel comfortable to not be judged and they are just providing input out of love and respect. But because there was never any conversations had as a parent to a child/teenager. There’s never been an open door or an open path to have these conversations with them so it’s led to me having to make a lot of choices in the moment due to circumstances that I’ve been in because of my divorce because I’m a single mom because I’ve had to figure it out on my own since I’ve been 18. I’m not coming on the Internet, saying I’m perfect because I’m far from perfect. But I do think that it would be nice to have an open line of communication. Unfortunately, my parents have always judged me and made me feel like the black sheep because I’m a teen mom because I had my kids at wedlock and made a lot of stupid decisions which I talked about in my recent video trying to overcome being the black sheep trying to overcome being the outsider of my immediate family. Instead, I should’ve waited until I was mature to make a lot of the financial choices that I made because they would’ve come from a place that I need to do this for me, because I want the approval of people that I’ll probably never get the approval of
@@boatsieyou get that impression because you’re not interested in helping anyone, you just want to point your finger, assign blame, and/or laugh at people. No one should take you seriously.
Also, assuming you know what a person would do in a hypothetical situation just screams “I think I’m smarter than everyone.”
Get a life dude.
That’s because most people with financial struggles were not raised to have financial discipline by their parents. Almost everything you do as an adult has something to do with the way you were raised
After all, it is your parents’ responsibility to teach you all the things you need to survive and thrive in this world. If you had terrible parents (or no parents at all) of course you’re going to struggle most of your life because instead of learning and being guided a mentor, you now have to learn everything the hard way.
Great stuff! You'll do wonderfully well, I'm certain!
I was diagnosed with several chronic spinal conditions in my early 30s. I was so thankful that my wife and I had been extremely responsible with money. I didn't think I'd be so sick so soon in life, and now in my mid 30's I'm anticipating retiring in my early 40's (assuming I can in fact physically work that long). Kids will be in school by then, and we SHOULD have enough to get us by. Life goes so fast, and genuinely don't know how many healthy days you've got left. Make them all count!
God bless
@@iambryguy4 omg you have such a powerful testimony
Never get a credit card. No. I don't care what reason you have. Live within your means. Can't afford giving a dog a good life? Don't get a dog.
Absolutely I wish I never needed a credit card I wouldn’t had ever gotten one
Lack of credit cards won't protect you from medical debt and unemployment. It's naive to think that people get in debt just because they buy too many things.
@@CheerupA1 lol wow like no duh
Credit cards are great if you use it right. Very linear way of thinking.
@@Brandon-tz5pn There is no way to use them right
❤ Virginia ❤ I dropped out of college 04. One of the BEST decision I've made. Despite all my elders telling me it's the worst move. Back then my intuition 😌 was telling me something was wrong, but I couldn't understand why. Now, getting ready to enter my 40s, I'm in a healthy financial situation. Yes, with a degree I could earn 30k or more but the peace of mind 😌 makes me feel different.
So thank you for sharing 💕 ☺️
It made me feel like sharing .
@@cutthechicken194 that is so awesome. I am truly happy for you.
The way we talk to ourselves matters. When we continue to express regrets for decisions we made, it keeps us stuck in cement. No one can move forward by standing in the past.
Many of us have a debt story. We know what it takes to get rid of debt and so do you.
If you're filming in your apartment, you aren't broke. Your apartment looks specious and well furnished and you're warm and comfortable. However, no matter how comfortable your apartment, debt is stressful.
You have debt because you chose to take it on. It no longer matters what you didn't know, or weren't told; your life is "here" now and your future is in front of you. You can retire your debt as quickly as possible, if you choose. You're the boss - how many changes and which you are willing to make to retire your debt is up to you.
There are hundreds of videos by people in debt on YT. Some are more serious than others. They tell their story, walk through their monthly budgets and talk about their debt. One I like is "mistakes were made". You might like the budget sheets she uses and how diligent and determined they are.
You CAN do it!
Couldn’t agree more
Excellent statement. I totally agree. I feel like there’s some victim mentality going on with her. She’s fortunate as compared to many folks. She needs to realize that. Once that triggers, she’ll do whatever it takes to get that debt retired sooner than later. A few years of sacrifice are in order. She was willing to drag out those multiple college degrees and take on that debt, she should have the same gumption to find a part-time gig to speed up these payments. At least she’s in her early 40s, and not 60s or 70s or 80s like many struggling. She has many options, but I think more excuses.
@@Michelle-lc3jy believe me I think God every day for my life. I have worked really hard to get where I’m at, and I definitely don’t take that for granted because I know that a lot of people are not fortunate to have the same opportunities and privileges that I’ve been able to have because I have had such a great support system over the last 14 years of being a single mom. just because I don’t describe every single sacrifice and thing that I am doing there are plenty of things happening behind the scenes that I just don’t share because it’s personal
@@TheRachelShow I can appreciate that I don’t know the full story, but you seem to sharing quite a bit of personal stuff on your channel. You do have to understand that fact alone offers you up for opinions by viewers.
As to the degrees, maybe work on getting your SIE to gain knowledge of financial matters when coupled with your existing accounting and finance degrees. That’ll not only improve your job opportunities in this field, but also inform your personal finances and help you educate your audience in the process. Value add to what you’ve worked hard obtaining already and leave the excuses & past at the door. Like the previous viewer said; look ahead!
Your video popped up and here I am. I actually watched! New subscribers!😊
@@ms.v3307 welcome Ms. V ☺️
It is okay to ask around if anyone in neighborhood got extra uncook food that they can give away when you ask. I did this and found that ppl are usually generous to help. And this act alone helped me to paid off 80 percent of my debt. But when I tell my friends who also struggled financially , they said they couldn’t do it because this is shameful. I really think it is not. It is very important not to have debt for a healthy mind.
@@BeigeBrownClip-jd2pv ain’t no shame my game I used to get food stamps for a years handouts is to go to food pantries
30 years ago my dad earned $70k as a blue collar worker. I'm a 20 year experienced college grad engineer and I can't find any jobs that pay more than $90k-$100k. Older generations don't realize how bad the pay structure has gotten. No wonder we don't have money for houses, kids, retirement expenses and vacations.
It’s a shame what we are going through these days in our country. So sad and terrible
What, specifically, did your dad do? Did he work a lot of OT? How old was he when he made 70K?
@dachicagoan8185 Most people in the older generations realize it's not the same playing field. Their egos just won't let them admit that to the younger generations. Anyone with compassion and empathy can see it and will admit. I don't need to be punched in the face to know that a punch in the face is going to hurt.
I do not have any degrees but work two jobs 26 yrs at one retail store and 5 yrs at a grocery store on the weekends there are no vacations and just work all the time just trying to make it and I am grateful for being able to work and make an income never been promoted in my whole life 💃🏻💵💵 just an American living the Dream 🇺🇸
I am so glad for you. But why does working ourselves to death have to be the “American Dream”. I rebuke that. Don’t give me wrong. I have had my period in life where I’ve worked 80 hours a week at two jobs and had no life and barely got any sleep and wasn’t taking care of myself because I was working so many hours and stressed out about all that. And I rebuke that life, there’s gotta be another way and I’m cracking the code
This is the realty for millions of men and women.
But then there's the 19 year old girls that go on Onlyfools and make more money in a year than both her immigrant parents did over their whole carrer.
College is a scam but if you're not handy and can go into trades you're next to required to go into debt to get a piece of toilet paper certifying you for a job.
You mean the American nightmare darling
I am a certified Ramsey Financial Coach and can help you.
yeah my morals would never let me do OF. But pop off queens.
Some of these comments really disgust me. I’m sorry you’re experiencing this, but one thing is for sure, you can through this. Persistence is the key.
As long as you actually want to solve the problem, you will solve it. It’s inevitable. It’s just going to take some time.
I’m praying for you.
You are not alone. We make decisions when we are younger and it just snowballs. Keep doing this channel, search for sponsors, your channel is growing. You already have a full time job, no need to go outside for another job. Maybe an online job. You are fully aware of the situation. Whatever grants or help available..take it. It’s helping people that refuse to work. There’s no shame in letting it help you if available. Maybe add a tip jar to your channel? A buy me a coffee link or tip jar, I’m not exactly sure how that works, but I see them on other channels. You got this ❤️
Thank you so much for being so kind. I am hoping to make some money with this channel. I’m putting in a lot of work and learning editing and getting better and growing as a creator and I really love doing this and I can see longevity in this as additional income. I do work outside of the home office so getting a second job just isn’t really realistic with me having a dog, but if I am able to go remote at the end of this year, which is hopefully the planwith this job that I have right now then possibly I can get like a second online job where I work both jobs simultaneously and continue and hopefully that will get me somewhere in life
@@TheRachelShow I have the same situation as you. I read that comment about putting your babies up for adoption and I had to take a step back before I lost my religion. It makes no sense to leave mean comments. You are a great mom
And me too. We had bad marriages. That’s not our fault. I agree with you, no second full time job. Keep doing what you do, coupon clip. Shop sales, and pay what you can. Right now there are student loan programs available. I hope you look into those. I wish we lived closer! Same state just different areas.
@@piecesofbella the bad marriage might’ve been my fault. In the sense that I picked the wrong partner. But before my frontal lobe had developed, and I had life experience and been around the sun a few more times I was totally unprepared and in the big sense of denial that I had ever picked the wrong partner, but now that I’m you know in my 40s I have definitely woken up to the fact that my marriage filling is awesome. My fault for the part that I picked the wrong partner for me. I had nothing to do with him cheating that’s on him now. 😂
@@TheRachelShow I was 19 too , so silly on my part. Oh well live and learn
You got this girl. Just getting started is the hardest part. Don’t be too tough on yourself for things you could’ve done different. You did the best you could at that time in your life.❤
@@bridgetmitchell2925 thank you so much for your words of encouragement and your positivity. It’s definitely hard to start and it’s also hard to be this vulnerable sharing this on the Internet, but I’m hoping that you know it makes at least one person feel like they’re not alone.
This is an very relatable story, I got in to debt at a very young age and just recently just got out of debt. It was a long journey for sure. It took a long time for me to get around the mindset that I was broke, and had to work a lot and put a lot towards my debt. I wasn't taught my parents finance, but I learned some things in my journey that helped. I keep a journal and read as much as I could budget books for free. You can do it it just takes lots of discipline and I had to stop school so I could pay back what I had. After you get out , your mindset changes and I am never going into debt. Everyone got my money and I was so upset, I could have done so much with what I have had and made, but lesson learned. I am 40 myself and finally learned my lesson. But I hope all works out for you and your journey. Good luck 👍 Dave Ramsey is a good financial guy to listen to.
@@jenniferwebb677 congrats on getting out of debt. It’s definitely a mindset shift. I’m going through this now. Shedding my old self to make room for my new self
Appreciate your honestly and candor. Your situation is like most people. Don't beat yourself up. The key is to look at your situation, know you want to change and make small steps. You're student loans will take some time but interest is not crazy on those. You want to attack the credit cards. Once you get those paid off you'll free up tons of income so you can save and not get back into CC debt.
Thank you Jon for being so kind 😁 I’m getting a plan together
I'm 56 years old and finally can live on one paycheck (62k gross / teacher). Add my 110k student loan had not been forgiven in 2022, I would have retired with the debt and the balance would just keep growing. I held it for 16 years.
More people are in debt than we can even imagine - Including those who live in fancy houses and drive nice cars. They're typically doing it with massive debt.
People such as myself and you who tell our story to the public help the masses. It makes people not feel so alone.
You should be proud for telling your story. You don't know what life you're saving. Liked. Subscribed❤
Thank you so much for leaving this very nice and kind comment. I totally agree. There’s so many people that are in debt. Specially, the ones in the fancy houses driving their fancy cars sometimes they are barely surviving to cause they’re living above their means.
@@TheRachelShow exactly Rachel!!!
Thank you for sharing! You are definitely NOT alone.
Thank you for being so positive in the comments. It’s hard to be this vulnerable. When I know I’m gonna get hate text in the comments.
Why not move your discover balance to the truist card - STOP using the discover card, focus on paying off/down the truist card, and let your children (and others) know no birthday or Christmas purchases for a while - if you are 41 they are old enough (early 20s?) to understand. It’s a slog, but, once you start and KEEP focusing on paying it down, it gets easier. Good luck. Once paid off, switch back to the discover card, pay it off IN FULL each month and use the card to your benefit - the cash back builds effortlessly as long as you ALWAYS pay in full each month. Discipline is the key.
@@TheFatesLieutenant I haven’t used my credit cards in a couple of years now. And since this video I moved my Discover balance to a 21 month 0% credit card. 🫶🏻
Our educational system and parents have neglected to teach any of us financial health. We have taught our kids how to be financially sound. At 21, 19 & 17 they all have emergency funds to be able to buy a car. It took us a very long time ourselves to become financially literate. It’s all behavioral shifts from a spending mindset to a savings mindset.
Yes totally my parent never taught me how to be financially literal and what things I should be doing to set my future self up for success
@@TheRachelShow 100%! Ours did not either. We were on the rollercoaster for 20+ years, took till our 40s to figure it out. We are trying to instill in our kids financial health is just as important as your physical & mental health. The stress of finances impact all other aspects of our health.
@@OurRetireEarlyJourney I’m so glad you’re doing right by your kids
Thank you for sharing. It’s tough to be vulnerable. I’m sure your channel will be very encouraging to folks in similar positions.
Good luck, you got this!
That is my goal! 🫶🏼 thank you
You look like a very sweet and kind person, and I wish you all the best, I really do. Unfortunately, many of the choices we make in life have consequences and this is one of them. It's just that taking 2 bachelor's degrees in almost the same subject, getting multiple loans... as an accounting student, I think you should have known better.
@@LT-dr9rp yes totally!
Wow. I'm so sorry about the University of Phoenix. I remember looking on line for a degree when things were first starting they were one of the only ones offering them. So glad now I didn't pursue that!! How old are your kids? Your report about the c/c is why Dave Ramsey uses the snowball method - as that interest will kill you! I guess the first couple of questions - do you have a budget and know where your money goes? Also...you can do this! Lots of people have! Listen to Caleb Hammer, Dave Ramsey and Under the Median. These will help your mindset. Under the Median is about helping people who live with less than the normal amount Americans have.
@@beckypetersen2680 my kids are 22 and 19
Awesome editing ! Really brought the video to life. First time ever seeing your stuff.
Thank you so much, Jonas. I work really hard at figuring out RUclips and social media. It ain’t easy but it is fulfilling.
I need to report you to DAVE RAMSEY!!! This is a behavior problem on your part. Kids “joy” can wait until you’re not BROKE!!
Yeah, I guess I’m a terrible mom
@@TheRachelShowno you’re not. You’re just living and learning like everyone else in this God Forsaken planet. Don’t beat yourself up.
I feel so bad for women that fall for the college scam. Poor lady.
@@LadyOneKC yeah I wish I had gone to the trades but I felt like I would have more paycheck security if I went to corporate route. I’ve been laid off twice in the last 7 years.
OK. I do not care about your history. The only thing I will need to know is how are your finances now, how much are you bringing in now, today and that means everything? The thing is you can combine all your debt's into a one payment plan. I have calculated that over ten years you can pay, each month, only around $810.53 a month. You will have to work your backside off, but, you will get there. Cut your credit card up while you are in the bank to sort out your finances. Only take out cash or pay with a debt card. You have to be accountable for your finances. Go to your bank NOW to sort out your finances, NOW!
Wow such great advice. Thank you! ☺️
You don’t want a second job because you want to spend time with your dog? I’m so confused
Seems like you got the point though
She’s lazy
@@andrephillips7764totes always 😂
@@andrephillips7764Laziness doesn’t exist.
One thing most our parents taught us, is how to let credit card companies take advantage of us.
My parents taught me nothing about money or finances
@@TheRachelShowBut you have a degree in Accounting & Finance. You should’ve learned the fundamentals at this point. Maybe your parents failed you in teaching you the basics, but you have had the time & resources to teach yourself.
@@Michelle-lc3jy I wish I had the time see I’ve been a single mom for the last 14 years and when I was going to school, I had four classes two part-time jobs and two kids to take care of so no I haven’t really had a time I’ve been living in fight or flight until probably 2024, so my mind really hasn’t been on teaching myself this even though I know it is a basic life skill, but I just have been so overwhelmed and overloaded and mentally and emotionally not to mention being divorced from a narcissist that you have to share kids with comes with so much trauma and abuse that I have had to endure
@@Michelle-lc3jyYou’d be surprised at how little college actually teaches you to apply the material and skills you’ve learned to the real world.
Having the degree in and of itself doesn’t guarantee shit. Especially when you factor in things like…oh idk…being a fallible being? (Human)
Also trying to pay off my credit cards! Hang in there! You got this❤
Thank you so much LS! You can do this! 💪🏻☺️
What kind of jobs were you offered w a new accounting degree? Was the work & pay what you expected? How has your work changed over the years? Did you get to enjoy pay raises as you gained more experience? Was it worth it?
I was able to finally get into commercial banking on the corporate side after going back for my second bachelors degree
@2:40, right after you said "...but I do have credit cards", I got an American Express ad lol.
I was lucky in that I've always been debt averse and did pretty much anything I could to avoid it, so much so that I worked 60 hours a week while going to school full time so that I could pay most of my tuition up front. I did end up with a small amount in loans, but it was under 10k and I paid it off as quick as I could. Also, having no wife and kids helped me out alot I'm sure (I hear they're expensive haha).
If the student loans have a low interest rate you might be able to just pay the minimums and then invest the extra money or use it to pay down the other debt. But the credit card part is tough. They come with a high interest rate so it's difficult to make a dent if your balance gets too high. And to make things worse, if you miss payments, you pay fees, your interest rates go up and you owe them even more. The system is set-up to keep people in debt and it's terrible. I hope everything works out for you - it's a difficult situation to be in.
@@kebas239 i’m not gonna lie. I’ve done a lot over the years. There were several years where I worked 80 hours a week, but unfortunately because I had to pay almost $900 a month in child support on top of trying to survive and feed myself and my dog, I was never able to use any of that extra money to go towards my debt because it had to go towards just normal every day living expenses because I was still a new grad and my regular 9 to 5 job still only paid me, maybe $35,000 a year. But the ad and that placement is wild. 🤣
God wasn't telling you to go to that university. Society marketed that idea to you much like algorithms are doing today with younger generations. Strangely enough your frontal lobe was much more adapted to be a mother than it was to go into debt slavery. Being a parent comes naturally. Learning the nuance of how student loans, interest, compounding and the racket universities and banks have been playing with one another on the public does not come naturally. Even really well educated people get completely blind sided by this and somehow become convinced that having children is more problematic and expensive than burying themselves into the many types of debts being marketed to us at all times. Think of it this way. There are people consistently trying to sell you something. You are your dollars are an asset to them and a liability for your self.
@@lorenmerluzzo thanks for stopping by
Don’t get discouraged just live on beans and rice and pay off that credit card and student debt. Pay everything as you go and never interest except for a home. Definitely harder with 2 kids and a single mom but can be done! Should be able to make over 100k with accounting
But one shouldn’t have to live off of beans and rice in order to make it in this worldJ
❤❤ . Good to talk about this
It’s been so freeing to put it all out there on the internet
Hi Rachel : ) Dont worry be happy everything will be alright in time just have faith ...If there is life there is hope and be greatfull for the life you have and for the people who love you : ) I'm also 42 years old single and broke but I always try to stay positive in my life even when people around me try to bring me down, coz I know in time I will be on top...
Thank you so much Jeanmarc! I totally agree it just takes time and sometimes I am impatient and want to be debt free right now
Be VERY leary of any dental or medical care in Mexico...unless it's an emergency, I would strongly recommend that put off that trip or cancel it.
Why do you say this?
The interest on credit cards these days are ridiculous.Basically 30%. Most people don't realize how much interest they are paying. I purchased a $2k TV on a Best Buy credit card. The deal was no interest for the first 24 months. If I didn't pay off the $2k in 24 months the lump sum interest would be $700. I think it's a good deal as long as you pay it off on time. Seeing the interest as a lump sum can motivate you to pay it off faster.
@@TheMoneyMakingMentor I agree! After this video I moved some of my higher interest credit card debt over to a 0% card for the next 21 months and I’ve already paid $1,200 off on that card so far.
We are in the top 3-5% of earners in US. Our 1 TV was bought 10 years ago. We pay our credit cards off monthly. We have a $950 mortgage. Business pays our truck payment. We don’t eat out much… I would never buy a $2k tv, wtf..
Unrelated but I used to work in High Point. I am in a ton of debt, so you're definitely not alone. Cheering you on ❤
@@jodyeaster7145 thank you so much. I used to work in Greensboro. We were that far apart from each other.
Everyone is broke because everyone is living outside of their means. Its simple math, dont spend more than you make. Hopefully you figure it out and at least have something saved for when you retire.
Yep that’s why everyone is broke you’re a genius. Maybe you can now solve for world hunger
People go into medical debt because they spend more than they make? L take
Oh boy. That is overwhelming. Deep breath! I would definitely go bare bones for a while, to get the momentum going on paying down the debt. Could you switch job, for a better paying one? Or pick up door dash or something, where you can bring your dog? Do you have anything you could sell?
I have a series going on my page. I’m making payments
This is the most relatable video I've seen on the internet.
@@jamikalewis5618 thank you so much! I’m just trying to be transparent and vulnerable
@@TheRachelShow Your story is literally my life. Broke Single Mom had a little cry session in the car. I just got a book that is helping me do a mind shift it's called Living Debt-Free: The No-Shame, No-Blame Guide to Getting Rid of Your Debt
Book by Shannon Lee Simmons.
It's very realistic and really giving me new hope. It's like 5.99 used on amazon.
Balance transfer is the best option. You pay a 3% fee to have 12-21 months of 0% interest. Look at cards on the market.
@@Lifeissorich. hey how are you? You must be new because I’m definitely been keeping my community my people on my journey and I’ve already did a balance transfer to a 0% card.
@@TheRachelShow I am quite new happened to see this video on my timeline and getting caught up. Apologies.
@@Lifeissorich. no worries. Happy to have you here
When we are young we make mistakes that affect the rest of our lives. Luckily for me i got a free auto tech course for low income students. I became an auto tech with no school debt. Now we get young kids straight out of the college version for auto techs, they are in debt at least 30k and most of them quit within 2 years. They leave the automotive field and are stuck with that debt.
I totally agree!
Nobody knew about loans and stuff you are not the only one. Its your responsibility to read what your signing up for. I dont feel bad for myself going into 6k of student debt. That was my fault
I never remember even looking at any paperwork. I’m sure I did because I got alone, but also I felt trapped because I felt like I needed this loan in order to get this education that I felt like everyone was telling me I needed.
Don’t give up. You’ll get there.
Thank you so much for the motivation 😊🫶🏻
Have you ever watched any of Dave Ramsey’s videos? Maybe his Financial Peace University program could be of help.
Yes I have very aware of his methods
@@TheRachelShowYou don’t have to buy the entire show..just work the plan.
You can't be that broke if you have a roof over your head! I live in my SUV (by choice) because I am paying off my student loans. My education got me to where I am today with a job that pays me well over 6-figures (combined $200k), but I am in debt and currently paying that off. I am single and don't have any credit card debts, other than my car payments and student loans. You are probably thinking if I make $200K per annum, why I am living in my SUV? Well, as a travel nurse, I bounce from place to place, so having a permanent residence wouldn't make sense in my case. My student loan is like the sword of Damocles hanging over my head, and if I don't keep up with my payments, my credit may be at risk. I didn't qualify for the student loan forgiveness, but then again, I don't care --- I only have $50k remaining and I make $5k payments a month. I have a bachelor's and master's degrees from Boston Univ and MCPHS. I work as a travel nurse and have busted my butt to get where I am today, and all you can do is make a video and complain about drowning in debt! Colleges/Universities like University of Phoenix is a school for profit, and not sure if those types of "online" school can really help a student get far, in terms of a career path. First rule of holes: if you are in one, stop digging. Secondly, get to work! Get 3 jobs if you have to. I currently work 2 jobs as a nurse and I pick up as much OT as I can. Sorry for sounding mean, but our country is so broken and if Tangerine gets back into the white house, it will be a disaster. I hope you figure things out on your end! Good luck!
You’re so right!
@@TheRachelShow I understand the challenges that many of us face today. With corrupt politicians and laws becoming more strict from finance to healthcare. I am not sure what the bankruptcy laws are now a days but that can set a person in even more problems. Perhaps try to look for a job that offers public service loan forgiveness after x amount of years? State and federal jobs are a good place to start with. Secure positions with excellent benefits. Today's politicians are corrupt and they only make laws that benefit themselves to become richer, giving the wealthy huge tax breaks, and we, the working class have to suffer. I hope you get yourself out of debt, and I hope you can qualify for the public service loan forgiveness. Even though I didn't get it, I am glad to see other people get it, as it can really lift people out of poverty. BEST WISHES, and GOOD LUCK!
@@TheRachelShowI understand the challenges that many of us face today. With corrupt politicians and laws becoming more strict from finance to healthcare. I am not sure what the bankruptcy laws are now a days but that can set a person in even more problems. Perhaps try to look for a job that offers public service loan forgiveness after x amount of years of service and making minimum payments? State and federal jobs are a good place to start with. Secure positions with excellent benefits. I know a few people who have 10+ years of public service w/ the feds and state, and may minimum payments towards their federal student loans, and have been forgiven via PSLF. Today's politicians are corrupt and they only make laws that benefit themselves to become richer, giving the wealthy huge tax breaks, and we, the working class have to suffer. I hope you get yourself out of debt, and I hope you can qualify for the public service loan forgiveness someday. Even though I didn't get it, I am glad to see other people get it, as it can really lift people out of poverty. BEST WISHES, and GOOD LUCK!
Amen!!
With the rate of inflation since the current administration took office we are all sinking
Don't worry about it just keep Grinding and Save money Aggressively and prayers
Thank you!
You're only 41/42. You've got time to change your financial path. I think it would be a good idea to stop using credit cards and only buy with cash. Set up an emergency fund and then evaluate how you can increase your income substantially so you can start paying off that incredible debt.
Such great suggestions I haven’t used my credit card in probably two years and I already have 1000 saved it into an emergency fund. I would like a few thousand more like 3 to 4 more brand in there just so that way I can prepare myself better in case of emergency.
@@TheRachelShow I think you're doing awesome!!!
Thank you! I'm trying my best. Learning as I go.
Ramsey will love your call on the show
@@francesmelendez1303 naw bro I don’t want that type of smoke 😂
Everyone shouts Dave Ramsey but I read Mary Hunts debt proof living before I ever heard of him. Being your an accountant of sorts I think you’ll love her. The book is pretty cheap on eBay.
I’ve never even heard of Mary. I will definitely check her out.
I’ll check her out. I like the money guys.
Those who understand compound interest earns it those who don't pay it..😮
Absolutely
See if you can get a personal loan to pay off your credit cards. I was the same and had £9,000 on my credit cards and it was costing me crazy interest so now I know that I will be paying £250 a month for four years but it’s so much more manageable and I know it will be paid off in four years unlike the blooming credit cards. I’m sending you so much love and I know it’s not right but if you’re mentally suffering maybe bankruptcy might be your safest option sweetheart. ❤
I’ve refinanced my cards onto a 0% card.
Good thing that in 2024 that any young person can basically get themselves the education equal to a degree for like a thousand bucks online, the only thing missing would be a piece of paper from a college. You dont need college anymore, its not worth the debt you will get yourself into.
@@eliotness107 💯💯
you are going HARD with these edits lmao whilin'!! pretty funny tho.
😂😂 thank you! Made a boring basic video go to the next level
It’s hard to be vulnerable 🫣😬
I subscribed for the cleaning shorts - I was not expecting good sit down videos too. Such a great topic to be transparent with, thank you for sharing. I am excited to see your journey! Sending you all the good vibes, much love
@@ktlynne_01 thank you so much,Katelynne 💕
There is nothing wrong with having kids young….having children is a gift and my wife and I wouldn’t trade our kid for any corp job if we had to turn back time. You can’t buy time back.
Absolutely! I love my girls.
People that use credit cards have no disciplines, I have credit card for almost30 years and rarely any trouble. 🤦♂️
@@ujayet or maybe they were broke single moms that were also paying child support and trying to support their own house on $50,000 a year. Sometimes there are scenarios that are not black-and-white and don’t fit into the little box that people like for everyone to fit in
Wish you the best! Hope it's all cleared up in time ❤️
@@Shacojin thank you so much for being so kind ☺️🫶🏻
Two words. Dave Ramsey. Seek help from him and his team’s advice. You can do this. It’s not going to be easy, but all things are possible. ❤
Thank you Leann!
Better yet, Caleb Hammer!
@@TheVikingblonde who is Caleb? I’ve never heard of him.
@TheRachelShow he's on RUclips, he's young and has a fresher look into debt and finances.
@@TheVikingblonde thank you! I’ll have to look him up
Good luck to you Rachel on the debt pay off. I'd also like tp take a moment to give you your flowers on your editing skills. Great video.
Thank you so much Jay 😁🫶🏼
I'm sorry you're in this situation but not sure it's your parent's fault. You're in the money business and should know about money, bills, and debt. I wish you luck going forward.
@@Westcoastguy I never said it was my parents fault. I do think that if I have been taught financial literacy and how to be financially sound and more about loans and interest rates and how predatory loan practices can be. I think I would’ve been up a little bit more financially, and I wouldn’t have to have fallen into some of the pit balls I fallen into over my earsbecause I would’ve had that foundation.
97,000 is chicken feed, I could pay that off working night jobs and weekends in a few years and I am a high school drop out I was making over 150,000 a year mowing lawns on the side of my job at a factory doing blue collar work, saved and retired at 49 years old and I am debt free today ,it might be time for you to put those degrees in a safe place get yourself a lawnmower and a beat up truck and start making some real money. burger flippers are making 20 dollars a hour work night jobs and flip burgers on the weekends i have a home paid for, 3 kids doing great and money in the bank and I got it all from hard work. 42 years old with all those degrees and 100,000 in debt with no money in the savings is madness ,you must be a very lazy person or you were just spending like mad hoping some nice guy would come along and pay your way. either way what you have going on is all bad and the only way out is going to be hard work and long hours but I don't think you have that in you. wishing you the best.
Great then why don’t you pay my debt off 😂
Nothing to be ashamed of, it happens to lots of people, it's like with AA, the major step is admitting that you have a problem.
So just from watching your video, I have some suggestions: turn off the lamp in the background. That is is costing you electricity. In fact, why don't you sell the lamp? Do you need it? Same for the lava lamp, and the candlesticks. Make ebay into a hobby (selling, not buying). Sell anything you can that you don't need (and that means, really, really need - your doggy needs food, shelter and veterinary care, she doesn't need fancy toys or anything like that, she'll be just as happy with love and play from you, and those things are free). Good luck.
I have very little in my apartment. I’m keeping the things that bring me joy. Selling a lamp for $25 maybe isn’t going to solve my problems
Stay strong u gonna get through this sis
@@mikebrown8937 thank you so much!
Pay attention ladies...this is the fate of most "strong, independent" women. It took her until 42 yrs old to take any responsibility for the wrong choices she has made in her life.
@@norrisheckwine7439 😂😂 I went through a horrible divorce and was abused for about 10 years post my divorce so this is the first full year I’ve NOT lived in survival mode and am able to actually take control of my life. I’ve known about my poor choices but I couldn’t do much of anything about it because I was just simply trying to survive each and everyday. Waking up with dread and doom is not a life that I want for anyone.
I'm 44 and independent and doing quite well financially and otherwise. Using one person's misfortunes as an indicator for a giant demographic is just ridiculous.
Girl I’m paying 118 every week to my debt 130 every two ain’t gonna do squat. Plus I put 116 away for tuition
Wow! Get it!
This is a great cautionary tale for all men to avoid them at all costs. They want to be strongs and independents, well give them that.
Good luck on your journey. Own up to it and pay for it, I shouldn't have to.
@@kivie13 yeah and I’m trying to avoid men that will just text you after eight years of marriage and want to divorce and tell you that they never loved you in the middle of the night and while you’re taking care of sick kids I’m trying to avoid those people as well as the men will thatbring nothing but chaos and porn addiction to your life
@@TheRachelShow Hey, you have two degrees right? Question for you, if you are so super duper smart and hyper educated how did you end up in the predicament you are in?
I never went to college, never married cause I wasn't "good enough" yet I retired at the grand old age of 48. I also own my home outright and have no debt. According to your kind I am dumber than a box of rocks.
Weird, no?
Good luck in your journey out of debt slavery, and I truly mean that.
@@TheRachelShow Were you the grasshopper or the ant? There's an old saying: A smart man learns from his mistakes, a wise man learns from others mistakes. Are you going to teach your children to be grasshoppers or ants?
The past is the past and there is nothing you can do to change it. Learn from it. I suffered from multiple divorces in my life that affected me greatly yet I never married.
Now go back and read what I originally wrote and see if you can read it with different eyes and think about it in different terms.
Good luck, I hope and pray your kids end up okay in life.
🙄
@@haute03 🤪
Have you tried the Dave Ramsey plan? Do you get any kind of child support or government assistance for your children or you?
@@tyanneh1 I have not! Should I try it?
@@TheRachelShow Absolutely!! It helped us get out of debt. He has several books, and lots of info on his website. There are also lots of RUclips videos. He is very aggressive about it though, and will definitely give out the tough love, but it's so worth it. It's how we got out of debt. Just google Dave Ramsey.
tough story, I could not imagine having kids young im 21 years old and was never cool with girls in school so i probably never had a shot lmao
Im glad I did not go down the route of going to college but rather the trades where they basically trained me on the job and i been there since 18
Similar to how you are enlightening people on ur situation imma soon make my own networth video, currently its positive $50k
Not to put you down but my goal would be to encourage people about the alternatives in life
cause college aint for everyone but like you said in the video "Everyone went to college so i went"
It’s definitely a hard field to swallow and it’s made who I am today. I’m very sick and tough as nails and I don’t give up easily so all that trauma has at least gotten me somewhere.
The sound effects are hilarious! 😅😅
😂😂
The edits of sound effects and everything 😂😂
@@oherroprease207 😂😂😂
If she can get a 0% card (usually for 9-12 mo), even if she pays a balance xfer fee, the payments will go entirely to principal. Pro tip--you have to make aggressive payments.
That is exactly what I’m doing. I have a 0% credit card for 21 months actually. And I’ve been paying $700 on my credit cards every month.
I did not want debt in college. I paid as I went and still graduated. Took 7 years but I did it. Maybe if debt gets forgiven, I should get a refund?
Honestly, this is the smartest way to go and I wish I had been more Fightful as a youth and thought about this. I do hope that some of it gets forgiven. I’m thinking about also looking into bankruptcy to see if I can get it extinguished. it’s nearly 20 years old, it’s about 17 years old right now and I’ve been paying on it. It’s not like I haven’t. It’s just that you know the interest is so high so none of my payments make a difference.
@@TheRachelShow if it’s a federal student loan you cannot bankrupt it. Maybe private ones as well but not sure
Holy cow do some math. 6500 at 3% transfer over is like $200. Then imagine not having to spend 125 per month on interest assuming the transfer is to a 0% interest card. Why on earth would you NOT do that???????????
@@Tennischamp10 clearly you’re new here. I transferred my balance and now am at 0%
@@TheRachelShow good you realized that is the move. I respect you for sharing your story. I hope others can learn that instant gratification is not worth it (going out to eat, new clothes). I’m 31 and make about 250k and couldn’t tell you the last time I paid for a sit down meal. It’s absurd nowadays and if we eat out we just get something fast causal. I’m sacrificing the now to have more later. I hope you teach your kids this so they don’t follow your poor mistakes.
Student loans should not exceed 1/3 of what the prospective average salary of what you went to school for actually pays. While I do believe that those who take out student loans should should pay them back. They are extremely predatory. I've never had a student loan. I was a high school drop out. I didn't even get my GED until I was 32( I turn 40 this September) between my husband and I we make almost 180-ish thousand a year. We went to trade careers. I am a Cnc machinist. and my husband is an electrician. mine was on the job training. his was pretty much a paid apprenticeship. While this wont help you and these jobs may not be glamorous. the aging gap in the work force is leaving plenty of room to learn the skills to make great money with out going into soul crushing debt.
@@ladyhawk7408 congratulations on your GED and your successful life
Ms.Rachel : I am not stupid but how can you be broke and still look like you are living like your on the Show " Lifestyles of the rich & famous?? I live in the hood in a run down rat infested town house in the inner city and dont have two nickels to rub together living in my mother's basement. Now I am really more broke than you plus I am a soul brother who has been out of work for a year.
🤣🤣
"Goin to mexico for my dental"
I am curious how safe is that?
You hear about alot of people doing body mods in forign contries and getting screwed
So how do you know whoever you go to is safe? And i do know i am making assumptions based on what the media says
I’m done extensive research
@@TheRachelShow Did you check your insurance, maybe at work, if they cover dental?
If you were a man I would tell you to get into the trades, bunch of Overtime and good paying jobs ! Getting into nursing and working 12 hour shifts will get you back on track ! I’m working a lot right now trying to get ahead because I know good times don’t last forever !
Ain’t that the truth good times will come and go
Time to go to work and pay it off so we don't have to!
Excuse me but you aren’t paying my bills lol
@@TheRachelShow Sorry for being mean. Use the debt snowball. It works. You can get out of it!
@@EricMoore790 absolutely
We live and learn .. don’t worry
@@Peter-te6wi thank you I know a lot of people these comments probably made some dumb decisions in their 20s that they regret.
@@TheRachelShow we all make mistakes and we learn .. you will find help so don’t worry and spoil your health ..
holding 2 degrees is something you should be proud of 😊
Enjoy cuddling your little ones as it is free and helps you destress ..
tc .. light at the end of the tunnel
No much partying and buying stuff to look good and not saving smh 🤦♂️.
So true
‘Counting’ degree 😊
Hi Rachel! Just a thought have you thought about claiming bankruptcy? That’s what came to my mind?!?! Love ya! ❤
I haven’t thought about it because the main thing that I need bankruptcy for is my student loans and I don’t think you’re allowed to claim bankruptcy for student loans like I can handle the credit card debt, but the student loan debt has a whole Nother situation that I am quite scared of if they don’t forgivethe 60,000 from university of Phoenix
@@TheRachelShow okay, I totally understand. Ignore the rude hateful comments on here! They’re unhappy trolls!
Bankruptcy doesn’t change behavior. Because of that, many people who declare just find themselves right back in debt again. Bankruptcy also does not get rid of student loans. They’ll follow you til your death. The law has gotten tougher on declaring also. They’re likely to put you on a payment plan for your debts (Ch 13 I believe) if you make any money at all. She can do that herself.
@@flygirl2447 totally agree
@@flygirl2447 I thought bankrupcy would be the solution also for @TheRachelShow, didnt know about student loans. But you are so right. I remember watching Dr. Phil a long time ago, he said something that I never forget, and is so true: "You cant fix money problems with money"! You need to change the behaviour first.
You think you have a degree in accounting? Don't you think it's important to know if you do or dont?
@@fazotakeiteasy I do I have two degrees in accounting
College is trash now a days. I have a BS in Information Technology, but it provides me nothing. My Cyber Security and IT certifications are far more valuable and provide skills training verses that theory crap college gives you.
@@russellallen5088 I honestly think that with most jobs you don’t really need a degree you’re either going to be trained once you get the job each company has their own way of doing things and they’re gonna want you to do it their way. The only thing my degree is really good for is leveraging some salary negotiation, along with my experience as well, of course
When all else fails, start a YT channel.
@@jackfrost99 😂😂
I'm from some nordic country.....just tell me Americans obsessions with credit cards? Non of us in Europe get it. We use it only when really really need it...very few times a year. Not for every good deal popping up several times daily.
@@EricB07 sure happy to fill you in. Every American is different and also it’s so dependent on your life and how much you earn and how much debt you have. So many different factors play into this. Some Americans use credit cards to earn the reward points to use them on physical items or travel for vacation. Some American must use their cards for daily necessities like gas and food due to the high cost of living and wages in certain industries not keeping up with that or because someone is living above their means or has a ton of debt or might be a single parent. And some Americans don’t understand how predatory credit cards are and use it to buy dumb things like clothing shopping sprees and don’t realize how much interest racks up. There are plenty more examples but there are so many variations of factors that play into this so there isn’t one straight answer I can give you and I’ll spare you a novel. Hopefully that helps
Believe me, you are not alone. Maybe try a debt relief program. Just keep at it you will see progress soon.
Thank you I am so glad I’m not alone. For so long I suffered in silence but I feel like it’s 2024. We need to normalize this stuff and we need to talk about it so we can build community and help each other.
Maybe try Chase or Bank of America.
@@nightreader1264 maybe who knows
bankruptcy is your only option
My only option huh
@@TheRachelShow well you havent said anyothers 40 years old. most normal people save 100k by 33 ish you haven't given any senisble options
@@BlockchainFiananceandvalue clearly you know nothing about my life to make this bold statement. This wide sweeping statement should go watch some of my other content to learn a little bit more about me and how dumb the statement is.
Rachel try Candle business good demand hope it helps
Thank you so much for the tip
You poor thing! I hope your loans are forgiven!
Thank you so much devour. My fingers are crossed all 2024 until I get some kind of resolution. Hopefully it’s in my favor.
You’ve got this!
Why didn’t use your husband’s college benefit? Or is that for their children?
@@EstelleCadiz well we’re not together. I’ve been divorced for 14 years I think.