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 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.
@helenooft9664 using a credit card that you pay off right away is far safer. If you should be a victim of identity theft you are covered. Don't have your bank account drained. Even if you are reimbursed it takes time.
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
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
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.
First of all, take responsibility for your own actions. You need to get on a budget. There are lots of resources out there to teach you how to do that. If I were you, I would get $3000 as fast as you can in a high yield savings account for emergencies. Then I would start with the credit cards and get them paid off, but you need to cut them up so you never use them again. Then I would work on your student loans. Your situation is not impossible to get out of. You need to stop making excuses to why you’re in the situation you’re in and do something about getting out of it.
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
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.
❤ 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!
Hate when people play victim. I can tell you that you’d be a better mom if you taught your kids that “joy” doesn’t require blowing a budget. The best gift you can give your kids is to teach them how to manage money so they aren’t in your position when they’re your age.
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. 😂
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.
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.
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
I see videos like this and thank my younger self who was smart enough at 18 to realize he didn't know what the f he was doing in life and joined the Army. I was lazy and did terrible in school, and didn't see the food industry I was working in as a future. I retired a few years ago and with my degree I acquired from WGU and I am currently making six figures and have a pension. Never in my wildest dreams as kid who grew up in a family that was barely getting did I imagine I would have a near seven figure net worth. She could have joined the Army after divorce, had a lot of Soldiers who did this, and she would be nearing retirement now with little student loans as the military would paid most of them and getting ready to live her best life. I feel her pain about UofP, I made the mistake of attending AMU for six months in early 2000s and realized early it was not going to be worth anything near what I was paying for it.
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.
I was in debt ($106k) with a mortgage on a condo (paid $71k in 1996), a car loan and credit card balances when I was 38 years old (in 2005). I forced myself onto a strict budget and did overtime whenever it was offered using all the OT pay to pay off debts. I was debt-free, owned my condo and car outright just before my 50th birthdate and never carried a credit card balance again.
I really don't think student loans should ever be forgiven. I think it is fair to get the interest on the loan forgiven, but the principle should never be forgiven. If you borrow money you have to pay it back. There are no freebies in life. It is not fair to expect tax payers to pay off your loan. Also, there are so many people who have already paid off their student loan through taking on multiple jobs and hard work. It is not fair to them either..
I will never understand why ppl are against student loan forgiveness knowing good and well that public figures and politicians get loan forgiveness and get off the hook all the time. I guess people are okay when it comes to the wealthy getting forgiveness but not the average citizen
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!
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.
@@TheRachelShow either way. A simple amortization calendar will tell you your expected payoff amount and dates. I ran the numbers in 1999 as a senior in high school and swore I’d graduate with not one dime more than 25k in debt. Which I did and paid off many years early.
The last 2 years for me have absolutely sucked financially. At the end of 2021 I had a pretty decent amount in checking & savings, well in 2022 I took a job offer in another state that turned out to be fraudulent costing me to lose thousands & thousands of dollars from moving expenses & car repairs that came about because of the move, I still have yet to recover from it. I tried to sue the company involved with no luck, I was lucky on one hand because I was able to go back to my old job, what sucks about that though is that my old job is in Southern California where the cost of living is pretty much you need to make at least $250k annually to live comfortably. America is a place right now that just seems to be forcing everyone into deep debt like your being thrown into the deep part of the pacific ocean with no life jacket...
OMG what a heart wrenching story. I’m so glad you were able to go back to your old job. Yes I totally agree to live in most any major city you have to be making a pretty penny. It’s despicable.
University of Phoenix is great: my husband completed his BS in International marketing. Years later, he is finishing his PhD in Psychology in another University. But Phoenix is a great option for someone who's working.
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?
@@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.
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.
@@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)
I was once - but not broke. I am very self motivated to not get myself in debt. I watched my parents misuse credit & arguing over money. I never wanted that for my life.
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..
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...
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.
@@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.
Look, all that's done is done, teaching your kids exactly what not to do and why is your main purpose. I teach my girls that if they can't pay for their own rent, lights , car note, insurance, maintenance and your own grocery bill do not open them legs to someone that can't take care of themselves plus you don't know who this boy is going to become. Your college, set up a payment plan and forget about it? Pay your other bills down and get married for partnership, love and two income's? Budget your money for the rest of your life and pay into retirement if you can.
Honestly, I think she was scammed by the University of Phoenix, because this person got a degree in accounting and a minor in finance, and she says she knows NOTHING... and it seems to be true. They should forgive his credit and withdraw his titles because he was clearly the victim of a fraudulent scheme and those titles have no validity.
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.
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!
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.
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.
You 'think' your degree is in accounting. Does anyone else find that a little strange. I can 100% tell you what my undergraduate and graduate degrees are in....Just my 2 cents
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.
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.
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.
All complaints about poor me, “no one explained to me”, “I’m a poor single mom”. That was ALL YOUR CHOICE! Now you want a bailout from taxpayers after spending your credit card on frivolous things…YOUR WORDS. YOU NEED TO STOP MAKING EXCUSES AND TAKE RESPONSIBILITY FOR YOUR OWN ACTIONS.
@@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
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.
"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
@@TheRachelShow well at least you know it was a dumb move to do the single mom piss money away and be delusional. Some people never figure that out and live there entire life that way and are stressed out for there entire life. At least you have a chance to turn everything around. iving below your means paying off debt and building up emergency savings will take a major load off.
Never had a kid outta wedloc or divorced but I did mess up a bit with student loans. Thankfully was only a bit over 25k and I paid all but 10k off. I had to shift my thinking on money and start paying attention to my networth instead of income. Once you build a basic structure of saving paying debt and living below means it becomes easier
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.
@@TheRachelShow If you don’t already have the AI apps Perplexity and Microsoft Co-Pilot on your phone (they are free), you should get them. These apps will give you ideas you wouldn’t think of on your own.
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.
Plus, today's cost of living is not financially bearable on a single income. You literally need to stable income's, growing career's, retirement investments a strong budget regimen with loyalty to one another, outside things and people need to be separated and only indulged sparingly at times. A serious buckle down purposed livelihood is the only way until the economy gets better, if ever. Or Ask Everyone watching your video to send you a couple dollars? People ask without any embarrassing feelings today.
@@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
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.
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 !
I literally live and maybe 700 ft.² apartment that I rent filled with furniture that I got on Facebook marketplace on the low. Don’t hate me because I have a good eye for style.
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
@@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.
Sorry about your financial situation but all of the unnecessary edits make this video damn near unwatchable. Your audience are most likely adults so why not just speak normally without this trendy ADHD inducing effects on ur video
When making this comment you hadn’t even stopped to think what if I have ADHD. Guess not. If you don’t like someone you can simply skip and move on without commenting something rude. Hope you have a great day
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.
![State of Play | September 24, 2024 [ENGLISH]](http://i.ytimg.com/vi/fVs0suPHAX8/mqdefault.jpg)
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 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.
@helenooft9664 using a credit card that you pay off right away is far safer. If you should be a victim of identity theft you are covered. Don't have your bank account drained. Even if you are reimbursed it takes time.
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.
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
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.
First of all, take responsibility for your own actions. You need to get on a budget. There are lots of resources out there to teach you how to do that. If I were you, I would get $3000 as fast as you can in a high yield savings account for emergencies. Then I would start with the credit cards and get them paid off, but you need to cut them up so you never use them again. Then I would work on your student loans. Your situation is not impossible to get out of. You need to stop making excuses to why you’re in the situation you’re in and do something about getting out of it.
@@Tammy-e8c first of all is wild 😂😂
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
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.
Indeed 🎉
Are you serious? The majority of the country earn less than half these numbers, wake up!
❤ 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!
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.
Hate when people play victim. I can tell you that you’d be a better mom if you taught your kids that “joy” doesn’t require blowing a budget. The best gift you can give your kids is to teach them how to manage money so they aren’t in your position when they’re your age.
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
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
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.
Studying accountancy and finance while getting in horrendous debt. Its like seeing a mechanic broken down on the roadside, or a skinny baker.
It’s literally patriotic
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
I see videos like this and thank my younger self who was smart enough at 18 to realize he didn't know what the f he was doing in life and joined the Army. I was lazy and did terrible in school, and didn't see the food industry I was working in as a future. I retired a few years ago and with my degree I acquired from WGU and I am currently making six figures and have a pension. Never in my wildest dreams as kid who grew up in a family that was barely getting did I imagine I would have a near seven figure net worth. She could have joined the Army after divorce, had a lot of Soldiers who did this, and she would be nearing retirement now with little student loans as the military would paid most of them and getting ready to live her best life. I feel her pain about UofP, I made the mistake of attending AMU for six months in early 2000s and realized early it was not going to be worth anything near what I was paying for it.
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!
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.
I was in debt ($106k) with a mortgage on a condo (paid $71k in 1996), a car loan and credit card balances when I was 38 years old (in 2005). I forced myself onto a strict budget and did overtime whenever it was offered using all the OT pay to pay off debts. I was debt-free, owned my condo and car outright just before my 50th birthdate and never carried a credit card balance again.
@@Adinkydude 🥇
I really don't think student loans should ever be forgiven. I think it is fair to get the interest on the loan forgiven, but the principle should never be forgiven. If you borrow money you have to pay it back. There are no freebies in life. It is not fair to expect tax payers to pay off your loan. Also, there are so many people who have already paid off their student loan through taking on multiple jobs and hard work. It is not fair to them either..
I will never understand why ppl are against student loan forgiveness knowing good and well that public figures and politicians get loan forgiveness and get off the hook all the time. I guess people are okay when it comes to the wealthy getting forgiveness but not the average citizen
@@TheRachelShow This proves u dont get it,just because they are pathetic ........... finish the sentence if u have any brains at all!
@@TheRachelShowMaybe it’s has something to do with tax payers paying for your mistakes? Why the hell should we have to pay for your stupidity?
Your video popped up and here I am. I actually watched! New subscribers!😊
@@ms.v3307 welcome Ms. V ☺️
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 need to go on Financial Audit
What’s that?
@@TheRachelShow Caleb Hammer, does it on RUclips
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
I was feeling sorry for you until you mentioned dog😊
@@kamaldeepjohal9372 lol
An accountant that can’t do math. Seems legit.
Maybe I never said I was an accountant
@@TheRachelShow either way. A simple amortization calendar will tell you your expected payoff amount and dates. I ran the numbers in 1999 as a senior in high school and swore I’d graduate with not one dime more than 25k in debt. Which I did and paid off many years early.
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.
Also trying to pay off my credit cards! Hang in there! You got this❤
Thank you so much LS! You can do this! 💪🏻☺️
The last 2 years for me have absolutely sucked financially. At the end of 2021 I had a pretty decent amount in checking & savings, well in 2022 I took a job offer in another state that turned out to be fraudulent costing me to lose thousands & thousands of dollars from moving expenses & car repairs that came about because of the move, I still have yet to recover from it. I tried to sue the company involved with no luck, I was lucky on one hand because I was able to go back to my old job, what sucks about that though is that my old job is in Southern California where the cost of living is pretty much you need to make at least $250k annually to live comfortably. America is a place right now that just seems to be forcing everyone into deep debt like your being thrown into the deep part of the pacific ocean with no life jacket...
OMG what a heart wrenching story. I’m so glad you were able to go back to your old job. Yes I totally agree to live in most any major city you have to be making a pretty penny. It’s despicable.
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.
University of Phoenix is great: my husband completed his BS in International marketing. Years later, he is finishing his PhD in Psychology in another University. But Phoenix is a great option for someone who's working.
I’m so glad you had a positive experience unfortunately I didn’t
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
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.
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
I’m 50yrs old, no debt, my $450,000.00 house is paid for and I have a networth of $600,000.00
🍪
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)
Seriously,what an idiot!
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
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.
Grandma I hope you get through it
Thank you! 😊
I have never seen a single mom, who wasn't broke.
Exactly!
I was once - but not broke. I am very self motivated to not get myself in debt. I watched my parents misuse credit & arguing over money. I never wanted that for my life.
Funny,but true.
J K Rowling ?
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..
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?
Don't worry about it just keep Grinding and Save money Aggressively and prayers
Thank you!
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!
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
Ramsey will love your call on the show
@@francesmelendez1303 naw bro I don’t want that type of smoke 😂
file bankruptcy Chapter 7 ! it is insane to have almost 100,000 in Debt.
@@wandasilver3914 I’m definitely thinking about doing that on my student loans
Look, all that's done is done, teaching your kids exactly what not to do and why is your main purpose. I teach my girls that if they can't pay for their own rent, lights , car note, insurance, maintenance and your own grocery bill do not open them legs to someone that can't take care of themselves plus you don't know who this boy is going to become. Your college, set up a payment plan and forget about it? Pay your other bills down and get married for partnership, love and two income's? Budget your money for the rest of your life and pay into retirement if you can.
@@arthursmith5409 thank you so much for your positivity
Honestly, I think she was scammed by the University of Phoenix, because this person got a degree in accounting and a minor in finance, and she says she knows NOTHING... and it seems to be true.
They should forgive his credit and withdraw his titles because he was clearly the victim of a fraudulent scheme and those titles have no validity.
Keep talking your shit
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.
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 😁🫶🏼
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.
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.
Dave Ramsey is an idiot,taking money from other idiots!
Those who understand compound interest earns it those who don't pay it..😮
Absolutely
Exactly!!
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
How can something so adorable be so expensive
Haha 😀
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 🤪
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
Why isn't the accounting degree being used? That’s a high value, high paying degree.
@@JBTeefam it is being used. I’m just not an accountant.
@@TheRachelShow Ahh, got it
you are going HARD with these edits lmao whilin'!! pretty funny tho.
😂😂 thank you! Made a boring basic video go to the next level
All it takes is basic math and little bit of foresight to avoid these problems. This is coming from a C student. 😂
Haha too bad I have narcissistic parents and little support and a terrible exhusband.
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.
You 'think' your degree is in accounting. Does anyone else find that a little strange. I can 100% tell you what my undergraduate and graduate degrees are in....Just my 2 cents
@@mparis58 😂😂😂
‘Counting’ degree 😊
You’re not broke you have a youtube channel with thousands of views.
Haha sometimes people don’t understand I’ve only made like maybe $300 off this channel so far 😂
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
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.
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
All complaints about poor me, “no one explained to me”, “I’m a poor single mom”. That was ALL YOUR CHOICE! Now you want a bailout from taxpayers after spending your credit card on frivolous things…YOUR WORDS.
YOU NEED TO STOP MAKING EXCUSES AND TAKE RESPONSIBILITY FOR YOUR OWN ACTIONS.
It’s my party and I’ll cry if I want to
We live and learn .. don’t worry
@@Hermoine-001 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
Stupid is stupid does.
@@paulsuppes7862 forest gumbo is such a great movie 😊
Soooooooo right!
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!
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.
She is still not really taking responsibility.
"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?
Single mom bad partner pissing tons of money away... Sounds about right for the modern times
Well that’s my life 😅
@@TheRachelShow well at least you know it was a dumb move to do the single mom piss money away and be delusional. Some people never figure that out and live there entire life that way and are stressed out for there entire life. At least you have a chance to turn everything around. iving below your means paying off debt and building up emergency savings will take a major load off.
Never had a kid outta wedloc or divorced but I did mess up a bit with student loans. Thankfully was only a bit over 25k and I paid all but 10k off. I had to shift my thinking on money and start paying attention to my networth instead of income. Once you build a basic structure of saving paying debt and living below means it becomes easier
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
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 golly Miss Molly. 😢
Great balls of fire ☄️
@@TheRachelShow If you don’t already have the AI apps Perplexity and Microsoft Co-Pilot on your phone (they are free), you should get them. These apps will give you ideas you wouldn’t think of on your own.
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.
Plus, today's cost of living is not financially bearable on a single income. You literally need to stable income's, growing career's, retirement investments a strong budget regimen with loyalty to one another, outside things and people need to be separated and only indulged sparingly at times. A serious buckle down purposed livelihood is the only way until the economy gets better, if ever. Or Ask Everyone watching your video to send you a couple dollars? People ask without any embarrassing feelings today.
@@arthursmith5409 amen to that
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
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.
you’re hilarious
@@johnbrown4949 my family has always said I’m the funny one now I have outside confirmation.
Oh ya LOL
The edits of sound effects and everything 😂😂
@@oherroprease207 😂😂😂
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
Rachel try Candle business good demand hope it helps
Thank you so much for the tip
U seem like a sweetheart🎉, you need to get focus and get a plan!
@@kckuc310 thank you!
Hi broke nice too meet you. Im Sean
😂😂😂 Hi Sean
Oh hush
pretty nice house for being broke
I literally live and maybe 700 ft.² apartment that I rent filled with furniture that I got on Facebook marketplace on the low. Don’t hate me because I have a good eye for style.
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
Keep Grinding away 😮😊
@@shelbygreen3404 yesss
Great 👍 👍 👍
@@richardpancham7556 thank you!
No problem. I'm willing to loan you $100 at 100% interest. It's the least I can do. 😳
😂😂😂
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.
Rocket Money 🚀
What’s that??
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.
Sorry about your financial situation but all of the unnecessary edits make this video damn near unwatchable. Your audience are most likely adults so why not just speak normally without this trendy ADHD inducing effects on ur video
When making this comment you hadn’t even stopped to think what if I have ADHD. Guess not. If you don’t like someone you can simply skip and move on without commenting something rude. Hope you have a great day
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.