$700,000 In Debt and Ready To Declare Bankruptcy!
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- Опубликовано: 1 июн 2024
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"We're 700,000 dollars in debt"
"What?!"
"We're farmers"
"Oh"
Makes sense to me 🤷🏾
We are farmers.
Dun da da da dun dun dun
Byron Branch lol
☠️☠️☠️
Man you got a good wife. Treasure her and do right for her.
Absolutely, I feel like a lot of women are not loyal like this anymore and don’t know how to stick it through the tough times. I’ve never been married myself but from what I have seen in past relationships it doesn’t give me a lot of hope of finding a woman like this that’s for sure.
@@gmualum08 when are men loyal? 80% of marriage has infidelity. Stop trying to walk over women
This is so rare now a days, we Men must Cherish these amazing women, we are blessed with... 🙏🏼
She's milliseconds away from divorcing him and going with the next guy who can pull in 6 figures. That's why she is tearing up. That is the true nature of women.
@@KeithsReviews If you have this view of all women, hopefully one doesn't marry you. Real women don't want a nasty attitude like that. Maybe that's why they leave you.
I love seeing the husband and wife standing there together facing the problem TOGETHER. You guys can do it!
Junghwa Love It Too!!!!❤️❤️❤️😇
well said, as a team they can do it
Poker1989 some people laugh to deal with uncomfortable situations and this definitely qualifies as that. I know some people who smile just to keep from crying. Leaving would be easy and she is clearly stronger than that. For better or for worse... Wedding vows that are too easily forgotten in today's world when things get tough.
Great comment. See her looking back and forward and clutching his arm. I really feel for them. Woooo dave
I kinda feel bad for her. Hes dragging her down. If it weren't for the kids I would say she should leave him.
I'm so glad he said to check on the marriage every 2 weeks in the process. That's probably the best advice he's ever given.
Ashley Maloney spot on
Yes!!! That part brought me to tears. I can’t wait to see their debt free video. I believe in them. 🙌
I believe they can do it! We have been in a similar spot. I want to do a debt free scream. Business debt has really brought me down but DR inspires me to push on. Good job for taking the courage to be spot on with the camera rolling. You can do this. May God bless you all.
@@nyladj4510 I got beachfront property in the Sahara...you want it? 1 MILLION cash...since you believe in miracles. lmaofff
I worry about $10,000 in debt. geeeeeeeesh!
Rick M. Right! I'm worried about $6,700... I hope this can figure it out.
i have 68k on my house on a now 38y loan 4bed renting the other 3 my family matching my rent earns even if not no problem small credit loan of about 2k not working on school and im worried about the 2k. i'm 23 from Portugal
You're from Portugal, 2k is about 2 months of hard hard work...
We are praying for you brother, god bless!
Me too I’m 25 and I have about 17k but I feel a little better after watching this. Lol
I hope we see them again and they yell "We're debt free!"
Soon after the time of this recording Caleb was found out in the barn head splattered on the walls. It's unsure why...
Intense stuff. I can see fear and insecurity all over their body language. Thank you two for being vulnerable enough to do this publicly.
I started getting teary-eyed because I made enormously poor financial choices and my wife was burnt-out and exhausted, exactly where this woman is but she chose to leave me. And she left me with four children. It's been hard, very hard.
Don't give up on God or each other, and this guy better wake up daily and spend time prostate before God in utter humility and surrender. You two can do this. Don't give up on each other. Years from now you can have a monumental testimony.
TY
Oh my, I can relate to Molly. I hope they make it. I remember being numb. Like water running through my fingers, numb.
JD Williams Amen!!!!
JD Williams prayers for you and your children. Stay strong.
you got this brother
Most successful young farmers are in it because their family already owns a farm and the equipment. It is very difficult for a new person to start out on their own.
indeed
Maybe already owns the ground, but most farmers lease their equipment and turn it over every year or two. See my comment about the farming mentality of always staying in debt.
Also: there's got to be more to the story of them being sued by the equipment company for $100,000. If the equipment was leased and something broke due to normal wear and tear, I would imagine that repair would have been covered by the equipment company. But it sounds like something broke and the company is blaming him for it, that he was negligent in using the equipment, abusive, etc. Which falls in line with my comment about his ego and pride being partially to blame for their situation.
Unless you got millions
You can make $100000 a year farming if you start with 200000
Allaiya it’s very difficult for any person to start out on their own for anything
Even though these people have made bad financial decisions, I have to give them props for going on video and admitting they have a ton of debt. They could have hid behind a phone and used a fake name and fake location.
That is real talk Phil. That is a real man and woman. She is by his side.
Great points. 9/10 women(or men too for that matter) would have been outta there a long time ago. Good for them sticking together through this awful situation.
Jim Palace It is because they have children lol
That wouldn't stop a lot of people.
Seeing them stand there in the studio in person shows that they are serious about trying to solve the situation they're in. It's a shame they couldn't make it farming.
I feel for the guy when he’s listing the debts - like he feels like a failure. I wanna give him a hug and tell him that there is hope. I suppose that’s what Dave does, only verbally.
If he can sell the equipment for $450,000 then that leaves $250,000. If he can in fact settle the vendor costs for a quarter on the dollar then that’s $50,000 plus $50,000 that he owes his dad so that’s $100,000 total debt left. That’s doable, stay together you two and lean on God through it all!
it makes me cry. money is so hard, and he is embarrassed to even say what everything is that he owes. he can hardly say it!! I'm emotional lol YOU CAN DO IT, YOU TWO!!
He definitely doesn't strike me as the brightest light bulb. I feel bad for his kids and wife. She should leave. He doesn't seem to be taking it very serious. I would not be laughing if I was that far in debt.
I think he was also just nervous/camera shy. He’s a farmer, probably not used to being on Camera with 1000’s watching.
@@Poker-is8dt I think he took this VERY seriously. He almost cried, his lips were quivering. Stop it and his beautiful wife was right there holding her man up. They made a mistake, a hefty one-- but let's not act like we're perfect.
@@Poker-is8dt Laughing doesn't mean a person doesn't take it seriously, it's just how some people outwardly express anxiety/nervousness when talking about certain things.
Money is the cause for so many emotions! We're so glad to see them push through it!
9:01 you see the way she tugs at his arm when Dave says "She'll stick with you"? That's dedication and love right there, in that little movement. I hope these two got things sorted.
Sounds like they need get out of the farm business
They need to grow corn and soy and get a guaranteed paycheck from Uncle Sam!
Well, that would depend on where that farmland they were leasing is? Might not be suitable for growing those crops.
Briar Hood I wish it was that easy. $10 an acre isn’t going to cover much
sounds like they should have BEEN out of the farm business.
Hands down one of Dave's best moments. What a brave couple!
I thought the guy seemed like a schmuck. I feel bad for his wife. You can tell she actually cares about fixing the problem whereas he smirks/laughs about being 700k in the hole.
I think it was just his reaction to not being comfortable and embarrassed with the situation
William, that's exactly what it was
I agree William. Judging from their body language, she was desperately seeking validation and he was absolutely cringing in shame. They need marriage counseling first. Once they establish boundaries between going all out to provide for their family and throwing the other "under the bus" when things don't pan out, then they can address the money problems. When she quits emasculating him, takes responsibility for her role and starts treating him like the hardworking stud he is they will be incredibly successful. She was giddy when Dave insulted him and almost in tears when Dave praised her. I did not see commitment in her eyes. I did not see confidence in his. I hope there is a positive follow-up to their story.
@@Poker-is8dt maybe hes an optimist and not a schmuck. Life lessons are often in the moment. Glass houses and what not.
I love how even tho they're there for all the money mistakes, she's still grabbing his arm like he's all she's got.
Can't tell if the guy was mad or scared there half way through. I get that way when i'm $1,000 in the hole, can't imagine being $700K in the hole.
It seemed like he was nervous, about being in his financial situation and also being on camera when 1000’s are watching.
@@ChrisM-bn5vr also, he was probably embarrassed too.
dude has probably been so depressed and stressed look at how his wife holds him and looks at him
Awwww Molly you're so strong! Stand by your husband girl!
Fifth generation farmer here. The problem with farming is if you want to make money you have to bury your pride and look like a Podunk operation. Cheap used equipment, manageable amount of land (for any given region), lowest inputs possible (grow dirty grain). Farmers are notoriously bad at math.
Smullet90 it's because their pride and identity is wrapped up in it.
This couple is very brave to be recorded being this vulnerable praying for them.
She still loves him, just scared. Plus, she has three kids to think about. They can do this, but they need a plan and he has to work it.
why cant she work it as well?
3 kids is the work man
@@lux1469 have relatives baby sit, daycare, public school. She doesn't need to be full time, few hours a day.
I'd say kids' upbringing comes before debt... if they aren't going to see Dad for a long time they need a present Mum
No she doesn't. She's co-signed on all this debt and doesn't want to have to deal with it all by herself.
Molly looks flat out frightened, bless her. I really, really hope things workout for them.
Ren Alexis She married a buffoon instead of a doctor. No sympathy
Caleb, brother, you’ve got yourself an amazing woman in Molly. I’m glad I have a woman who looks at me the way she looks at you. Time to make a drastic change to dig yourself out of this mess. Your legacy depends on it! Oh, and ignore all the loser negative commenters on here.
Jason Burns
I agree completely.
buy a brainless mannequin and point her head at you. there you go.
would be amazing if she had a job
Maybe if he'd LISTENED to some negative comments he wouldn't be in this mess.
they seem like good people. Wish them the best. Everyone deserves a second chance
Bankruptcy and then drive a truck for a regional company. Make 70k a year and home every night.
Johnny I had that in mind too but nothing guarantees that he can get the Job.
agreed!
Dude, he can get the job. I drive trucks, i could quit tomorrow and be in a truck again within 3 days. It's a high demand career
@Clawbytes unfortunately that is true. The ones that would hire you wouldn't be ones you want to work for. There are other jobs with very high demand and the job security is great
I know that sounds good but it is hard to give up and go and work someone else.
These two exhibit better temperament and communication skills under high stress than almost everyone in my extended family. Bravo!
You could see she was relieved at what Dave was saying! Like “finally he can hear this from somebody besides me”. I wish them Gods very best! That was very very brave of them
They looks so happy with $700,000 debt, lucky it’s not students loan because they know bankruptcy is a option
Rooting for these two. It's been two years since this was posted. Would love an update if they've improved things and how. Hope they have.
My total debt of 12k which I have been stressing over doesn’t seem too bad after watching this. I can take a breather now.
I am sure they took a breather when it was 12k: Until it got to 100k, then 200k, then 700k.
Wish this couple the best.
The business killer was the farming equipments.
He should sell them and keep the truck.
The truck is worth 30k and bring in 150k per season.. That's where the money is at !
And this is why I hate the advice to just own your own business - some can make it but most will beyond fail at it whether they try or not.
It's worth trying in my opinion. I quit my job earlier this year and I am quite successful in having my own business.
There's a difference in starting a cookie business and a farming business though, huge overhead difference.
I feel sorry for Caleb i really do, just a honest hard working guy who is in so much debt that he sold his soul to the banks while bankers are collecting huge amount of interest for 40 years than they miss 3-4 payments and than there goes the farm that was in the family for 100 years. I pray you guys find a way.
The amount of money a bank makes on a 30 year fix mortgage at 200k dollars 3% interest is insane.
Great woman to stand by him... Wow
Such a rare breed of being.
Lucky Man
Total respect for this couple for trying and being so good about it.
Caleb and Molly you can do this! Hang on to each other, it’s only money. Trust Dave, and work the plan.
work the plan*
I can't even breathe, when I hear what they owe. Terrifying! They are so brave to actually go into the studio and put it out there. I wish for wonderful things for them shortly, once they get out of this mess. They seem like a lovely, smart couple. I have the impression she's got her hands looped through his arms less to keep herself afloat her, and more to lend him strength. Speaks to a strong couple who rely on each other.
i am proud of them for coming on here and not being ashamed to say they need help in figuring it out
What a woman!!! She trusted him while he got them in that mess and you can see she’s going to trust him to get them out, because even though he made those mistakes, you can tell he’s a good man! And a hard worker!! And hard working people don’t stay in mess for too long. You guys got this ❤️
These two will make it. Don't give up this woman Caleb!!!!!!
Joey Harder He would be a fool to. She's absolutely beautiful, aside from being loyal.
Exactly. Beautiful inside and out. And loyal too. The definition of a keeper.
Joey Harder
How do you know she is loyal , she could be banging the pizza guy while the husband is driving a truck . At least the pizza guy is paying down his debt as per Ramsey rules !
*This is why I love Dave!! He gives such good serious advice!!*
He is being insincere about his driving truck. As an owner operator you pay for everything. Fuel,repairs, all of it. That just dropped his net income in half.
Caleb is so brave for coming on the show. I could tell that he was a little embarrassed, hang in there Caleb there's light at the end of the tunnel. May God continue to bless 🙏 Molly is a fantastic wife!
We have friends in the same boat and I feel as bad for this couple as I do my friends. They ended up selling all the equipment and settling debts. It is hard and it can be done. The trouble is farming runs through your veins. He should hire himself out for wages at harvest and seeding time and drive truck the rest of the year. Still keep your feet wet on the land and get your farming fix while also making money for the family. I would sell the rig and work for a company driving truck. Too many risks with repairs. My husband drives truck and I love that he doesn’t own it. We make fantastic coin without the headache. He comes home and he can be home without thinking about work.
Such courage to share their story. God bless them!
I love so much how Dave treats both sides equally. He calls out bs from either one and fairly points out good criticism. Good guy Dave
I am open to have a lady like Molly. Such a strong hearted lady.
I would love to know the outcome of this one.
I'd like to see a follow up on how they are doing, I smell a wonderful turning point for this couple.....hey can I say I am debt free!!!!! We feel wonderful you guys thumbs up if your debt free!
Amazing Couple. Sticking with each other in the good and the bad.
Props to Molly for being a stand by your man woman, Caleb should be very proud of manning up and taking responsibility. Good luck to you both and I hope this works out for you both.
The look in her eyes when she is not talking. Looks like she's at her wits end.
What a cute and loving couple! I hope their financial issues will be solved!
Brave couples. Thank you, Dave for your straight forward advice.
It’s heartbreaking seeing them struggling to talk about it. They may have made bad decisions but it was at least for the right reasons of trying to start a business. Dude looked like he was ready to cry a few times. They still seem strong together though hanging in it as a team. I hope they figure it out.
"I Declare Bankruptcy!"--Michael Scott
My heart goes out to this couple! Would love an update... Stay strong!
Bless their hearts!! Praying for them!! It takes courage to admit this!!
So intense! I couldn’t stop tearing up. Kudos to you guys for being brave and facing your debt. Stay encouraged and stay connected.
Hearing some of the debt that these callers have makes me feel so much better. Ive been paying mine off who knows what they will do
I love how you handle this... with such resonating confidence like it's nothing. People are hopeless and giving up and here you come to them like its no big deal like it can be solved. Now I know why my real estate teacher recommended you. Will be subscribing for sure.
Sounds like really great advice for a couple in yuge (huge) financial trouble. God bless you, Dave! Keep it up!
So tough!
Best of luck to you two!
I have teary eyes listening to this.
And I worry about 3k student loan
This guy reminds me of someone in my past. That guy in the past lost his wife and kids. He declared bankruptcy. We had to write off his debt from our business. He tried to be a farmer and it failed. I saw him one day and wished him luck on what he was going to do. It seems that he done well for himself since then.
I really appreciate them coming on the show in person as a United couple and telling about how deep in that they are it really is encouraging to see them standing there after all that that's weighing them down and everything and leave with a plan and I hope and courage God bless both of them
That was such good advice. Dave is so intuitive by being able to understand the dynamics and underlying issues when he talks to people. He covers all the bases.
The best video I’ve seen so far. I love how he said to make a detailed plan, promise to not go into big debt again. And most especially to meet every two weeks with minister for counselling/accountability. Also the first video where both spouses were on together, to hear both sides, and see them support each other.
This is a good woman! God Bless you brother, hope you pull through.
Hats off to this brave couple, may God bless you and your family and you get out of this problem very soon.
I could feel the pain... tears coming. Hope you guys are doing Ok now.
Bravo for this couple to seek advise. Wishing them the best!
WOW!! I LOVE THIS ONE!! SO RELATABLE🙌🙌 IM PRAYING THEY GET IT DONE ASAP
Us too!
You can see the pain in her eyes, makes me sad for her. I’m on a money journey too trying to pay off debt doing something that I don’t love and it’s very hard sometimes to stay in the game but I listen to Dave and see people’s journeys and how they get out of a bad situation and it gives me hope.
My prayers and thoughts are with y’all!!
Almost 2 years since this video. I truly hope they're doing better. They're a sweet couple and hard-working citizens. I wish them the best.
You guys are definitely relationship goals.
God bless you Caleb. Stood up there like a man and got some great advice.
Beautifully handled Dave, wisdom and humanity.
Why'd she wait till they were $700,000 in the hole to put her foot down. Yikes! I get being a housewife and trusting your husband to know what he's doing and supporting him. But dont let yourself be blindsided like this!! 😫
I hope this guy steps up. He seems kind of cavalier being in such heavy debt! His wife looks terrified and he does not.
You can do this, guys! This is the first step. I wish you both the best.
I hope things are working out for you two! You can do this!
The good thing is they are still young, the bad thing is they are still young! 😐😐
Marcus, why is it bad that they’re still young?
lovethemflowers
The good thing meaning they can still recover from this mistake being so young. The bad thing meaning they have a lot of financial immaturity being so young. 😂🤣😂
I don't understand your comment I mean I'm not being mean I just I want to understand it can you explain that for me
@@enigmathegrayman2953 lol he still has plentyyyy of fuckups left in his veins lol
Exactly what I thought. For the people that don't get it "They're young so they can still work on a recovery but the bad thing is that they're too young to know what will work and what not "
I hope these two work things out and stay together. If they can do this, they can do anything. God bless their family. This (or a variation) can happen to anyone. It’s called life, also known by other names (serious illness, job loss, divorce, death of a spouse and yes, poor decision making). I hope their little family stays together. Wish them the very best.
That's a very special lady he has there.. to be willing to STAND next to him during all this wow!! I'd love to hear an update..
They are brave....my heart breaks watching this.....i pray they get a break through
Poor girl! I cant imagine what she is going through! The dude needs to understand he sucks at farming!!!
I agree
Im from Holland and not suprisingly we have tons of farming in flatland. Making money farming over here is stressfull to say the least. The amount of government regulation is just off the hook and investments are so huge it makes you wanna cry. God bless all those farmers, we need them. But the only way I see a farm grow weath is by economies of scale; you got to be enourmous in order to make it over a long period of time.
Even more so in Montana. It is a dry climate and easily need 5,000 hectares to get economies of scale. Yes I do mean three zeros behind the 5.
It's the same in Guatemala 🇬🇹, my uncle its a farmer and it's a very hard work
Yes, it is definitely a big farm game now. When my mother was a girl, small farmers could make enough to have a decent living for their families; not wealthy, but all their basic needs met. You have to be a corporation or big-time individual farmer to make it now.
Lol poor guy sounds so broken he can barely speak 😂😭 you guys will get through it! No one is going to die. You will be ok
You guys are so brave, you are good people!!
They are young! File and move on.
Listen to dave
She's gorgeous, I love that woman
This is so sad I could cry. They will figure it out and thankfully they have time on their side.
Awesome! Hope this becomes a new segment on the show
This is what bankruptcy was created for and there is no reason to feel guilty about it. My 76 year old mom just claimed bankruptcy.
He can drive truck and they will be back on their feet in no time. Best of luck to them whatever they do.
Skeet Fletcher i agree
Skeet Fletcher he'd lose the truck in bankruptcy, since it's an asset of significant worth that can be liquidated. Plus if it's on a lease (which I think they said that), then the bankruptcy filed effects that loan too. Car loans aren't blocked from being pardoned like student loans are. The wife said something about the bank not guaranteeing something, so if hw files bankruptcy I doubt he'd keep the truck. I could be wrong but I got the impression of a) lose almost all, keep truck, truck full time (husband's idea) vs b) lose everything, including truck, scramble for job (wife's idea). Dave is right, bankruptct is too extreme to not exhaust everything possible first, so husband's plan wins, oddly considering he 'caused this.
tpamel then he can go work for a trucking company
That is the problem... Nobody feels guilty about screwing over people they agreed to pay back. Bankcruptcy is to easy for people to file imo. I do not agree with the huge free handouts (bankruptcies) unless it was because of medical costs.
Skeet Fletcher that is NOT what bankruptcy is for. Shut up
My total debt is $4,500 and I panic!? 🙄
J ROTHCHILD yea i have 2,000 and i do too
You should panic... you have 4500 in debt??
That’s nothing worth panicking over.
ladylyricist06 yeah you’re probably in debt with that mindset 😂😂😂
Mark Anthony Guzman Yes, I am. I’m on baby step too! Panicking accomplishes nothing. 😊
Couple standing together here is going to stand together for ever,luv u guys
This is always so powerful! Congrats guys!