Why You Can't Blame Your Way to a Better Life
HTML-код
- Опубликовано: 13 сен 2024
- 💵 Create Your Free Budget! Sign up for EveryDollar ⮕ ter.li/6h2c45
📱Download the Ramsey Network App ⮕ ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
💰 George Kamel ⮕ ter.li/1elws8
💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
📈 EntreLeadership ⮕ ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolu...
![MISSING: SLIM SHADY [Expanded Mourner’s Edition Trailer]](http://i.ytimg.com/vi/xh8qgHrOO1g/mqdefault.jpg)
It’s completely fair to pay back loans that you took out. I am a current college student and for the first two years of college I worked over 40 hours a week between my two part time jobs. I knew what I was getting into with college. I commute to an in state school. It’s not fun. It’s not a party. It’s school. People need to grow up.
Yep, my community college was like $12k a year with no scholarships. University was about $16k not counting housing. Morons go into debt $40k per year for school.
college is nothing but a business
Most people go to college thinking you need college to make good money, but that's furthest from the truth. Now, if you are going to college for a specific thing that requires you to go to college, that's one thing. But if you are going to college, because you think that's the only way to make good money in life, then you were badly misled.
Exactly. People think that someone is coming to save them.
SteelRhino, they were deliberately misled. Government wants them to go to college to be propgandized into a left.
The one thing I did right during the pandemic was not changing anything on my student loans. Kept paying and it got done. So happy I did.
My son-in-law did the same & feels the same as you do. He has the integrity to pay what he promised
As Judge Judy said, "You ate the steak, now you pay for it!". Same goes for student loans; if you borrow money, you pay it back!
Should have told Dave that before he filed for bankruptcy
student loans are not discharged in bankruptcy. You borrowed, you need to pay. @@siva47931
@@siva47931 student loans aren’t included in a bankruptcy. You still have to pay them back.
That’s why there is bankrupt court,,, You Can’t force anyone to pay bills let alone student Loans,,, good luck collecting,,,, that’s why judge Judy is on TV,, for over 20 years,,, If very one pays a bad debt,,,, there is No judge Judy,,,
@@siva47931 there are legitimate reasons for bankruptcy Einstein.
The government got involved in student loans and now they are not bankruptable.
I worked my a$$ off for 6 years to complete a 4 year degree while going to school part time and worked full time. I paid for it as I went. Took longer but I’m debt free.
This is the way
Thats the way.
That’s exactly what I did as well. Took me 5 1/2 years, but I finished and owed no one a dime.
Just paid off $2,500 of my loans yesterday.
👏🏾👏🏾👏🏾
I know a friend who lied on his Taxes 10 years ago. He owed them at the time of 5 thousand dollars. I recently saw him, and he has not paid them yet. He received a letter saying that he is now owing 50 thousand. From 5 thousand to 50 thousand. You people with student loans who have not paid, you better wake up. He asked me if he can borrow, and I said sorry you are on your own.
That sorry, but not sorry situation 😄
He should be in prison for fraud by now
@@ykook7000how is that fraud?
You destroy your credit and livelihood and they still get their money. They can garnish your paycheck, social security……..any income you receive
You used the money ,you sign the contract YOU PAY FOOLS.
I am 24 and graduated university in 2021, right after I graduated I paid off all of my school loans of $25k through my part-time work . Everyone PAY OFF YOUR DEBTS
Many gen z and millennials think that the tax payers should pay off their student loan debt, not them.
Seniors in High School should have to take a course teaching basic finance because most are not learning from home and it’s very important to have some financial literacy before going to college and taking on student loans.
7th and 8th grade. Many are wondering why they're learning abstract math, and quite a few won't make it to grade 12. Same with the constitution.
I like that we got to hear Jade sing for a second.
I completely agree with them on this. Life isn’t fair, and all this time people spend sitting around complaining about debt they agreed to they can be getting their money up to pay it off! The government is not going to bail out every student loan borrower when student loan interest is their biggest income line item right now. It’s truly wishful thinking and I hate to see people ruin their lives over something that will not happen. Pay your debts people!
This is one of the realest segments i have ever seen on this show. Great content.
"Hell hath no fury like a woman scorned." Is that the phrase you and Ken were looking for, Jade?
As someone who paid off my student loans I completely understand why people are annoyed they have them. They were saddled with the loans often because of the ignorance of their parents and the societal myth that if you go to college you will get a good job and have a better life. People are pissed cuz they got scammed when they were young and they're paying for that their whole life.
GO KEN!!! I paid off my student loans years ago. It wasn't easy at all, but I just kept going. It can be done! Also, I worked in the income tax field for years, and I want to second what you said about IRS. They can and will take your assets away from you if you are a tax "protester," owe taxes, and refuse to pay. I know a couple whose home was sold out from under them by IRS because they were not paying. Get rid of these debts as soon as possible!
These 'protestors' who think life's rules don't apply to them because they got a raw deal need to wake up and pay their loans like everybody else ( or they will find out the hard way when their salaries get garnished ). This administration has got them by the short hairs and they don't even realize they are bought and paid for Their passports can be invaded too so they can't even leave the country.
These 'protestors' who think life's rules don't apply to them because they got a raw deal need to wake up and pay their loans like everybody else ( or they will find out the hard way when their salaries get garnished ). This administration has got them by the short hairs and they don't even realize the empty promises are designed just to get their votes for nothing but lip service - which they successfully are doing. Their passports can be invalidated too so they can't even leave the country.
These 'protestors' who think life's rules don't apply to them because they got a raw deal need to wake up and pay their loans like everybody else ( or they will find out the hard way when their salaries get garnished ). This administration has got them by the short hairs and they don't realize the empty promises and lip service are designed to get their votes - which they have done successfully so far. Their passports can be invalidated too so they can't even leave the country.
EXACTLY ... Life isn't fair an you SHOULD have to deal with your decisions.
If the college debt is unpaid, take back the degree and/or college credits. Delete them from all records that could be searched by employers. Only restore them when the debt is paid-in-full.
Garnishment of wages.
Doenst matter, they already have the job and proven they are worthy
Tax payers will end up paying
@@camiec7383
No, taxpayers have already Paid.
Taxpayers don't get reimbursement
@@camiec7383 Yup. We paid for all the nonsense that gets pumped into younger generations heads. Gotta love it.
Have fun with your garnishment
It's 15% of your SSA check
Fair is the event that comes to my county once a year. Rant on!!!
Perhaps People should have been putting the payments aside during the pandemic period instead of believing that the Government will stick to what We all thought would happen. I for one never believed that the Student Loans would ever be forgiven, therefore the payments were made and paid off. We weren't going to wait and see what happened.
Na I’m good
They did. And once the economy opened back up they went on vacation.
I knew someone who had 100k student loan debt and left the country and never plans on paying it back. I just hope the country they are living in will be their permanent home, because if they ever decide to move back they are in a world of financial hurt.
They prob can't get a visa to come back lol
that's so bad.
@@VyNguyen-qm5hmdon't need a visa to visit the country you hold a passport in.
@NotKimiRaikkonen how do you know they have a passport? Lots of people live in the US that are not citizens
@@VyNguyen-qm5hm said he had 100k student loans. Cant get that here if you're not a citizen.
"Hell hath no fury like a Coleman scorned."
😂😂😂😂
My nephew qualifies for student loan forgiveness (paid for by under served area)by signing a contract to work for a specified period of time for lower pay as a Dr
That's a win-win if he's a good doctor! People need good medical care regardless of where they live.
My daughter went to school which cost $130K. She was working and paying. Every time I offered to help she would answer "If I get short of money, I will let you know". I ended up paying only about 30K, and she paid the rest without any loans. These lazy and financially uneducated kids must learn their lesson.
I am on older person. City schools were practically free in my city. At 17, I had a choice to make. I could go to a prestigious school on a half scholarship but would have to pay 28K after graduation or a city school on a small regents scholarship that would pay for everything. I chose the city college and never regretted. I know things are tougher now and "halls of higher learning" are predatory - probably always have been. Despite the situation, try to choose wisely - not with high school guidance counselors. I wish you all well and a happy life..
Hey man if corporations can get bail-outs why not college kids? Fair is fair yeah?
I blame the government. A few years ago I applied for a mortgage. It took the bank three months to approve. They kept asking for more and more proofs that I will be able to repay, even it was obvious from my high income and credit scores, and assets that exceeded asking money several times that I wouldn't have any problem repaying. Moreover, I put 40% as a down payment. At the same time these young people, who have never worked, have no income, have no financial education, don't understand the value of money, get whatever amount they need just by putting their signature on the paper?
Wait….
That is very difficult to comprehend
If so much was in your favor, why would the bank give you guys such a hard time approving the mortgage🤔❓
Something does not add up.
I am in a similar situation as you. I have half of the deposit and I called the bank to see if I could take a mortgage out for the rest. They didn’t hesitate. They immediately sent over the information for me to review etc
I’ve decided to save the money over the next two years and pay full cash.
Just surprised you had such a hard time with the bank.
@@unbothered6357 Because I was 57 at that time. Age discrimination.
They are right - the gov can garnish your paycheck and take your tax return once the loan is in default. Be an adult and pay back your loan!
My student loan was almost paid off. I was prepared to pay it off, but it was forgiven last summer. Debt free!!!
Fair is a place to eat cotton candy and carnival rides, not a condition of life - Jay Gibson.
People always want to knock student loan forgiveness.
How about business bankruptcy and LLCs, etc. I have very dark depraved thoughts of what I think should happen to business owners who declare bankruptcy to get out of their business debt while they keep and maintain their personal assets all because of special provisions in the law such as LLCs.
I am speaking to YOU now. If you own a business and if you use the law and stiff others by paying them pennies on the dollar while you maintain your personal assets and your lifestyle, I think you and your loved ones should never walk right again!!
Technically the entire point of corporations is a personal liability shield. But yes it's hard to get excited about individuals defaulting when it's completely common for corporations to default on their debts. The last (and probably next) president is a prime example.
@alanj9978 Your last sentence is spot on. Why should those in charge get a person liability pass when they act recklessly, irresponsibly, etc.
I'll tell you why, too many in this country care only about the owners, management, executives, etc.
@alanj9978 See I don't know about you but I know for me, I am disgusted when I see executives run businesses poorly which harms the employees, creditors, other stake holders and at some point they walk away, take another job or if/when the business goes under, all their personal assets are protected. I want those in charge to PAY when they make poor decisions.
The moment the country personally shielded those in charge from the consequences of their actions and decisions is the moment they lost all credibility to speak on personal responsibility.
I think you need Jesus.
@Mavryck_Tha_Myghty Thanks, but no thanks!
$167,000 in student loans
Paid in full May 10, 2024
Now focus turns to the mortgage
Single female here with zero help
It can be done
This is what happens when everyone gets a trophy.
Yeah and when parents are too lazy to educate their children in real life about real life
Yes. Expecting everything to be freely given without adult responsibilities.
You choose the school, don't blame the government for how much it cost. That's like buying a Mercedes then complaining about the price tag. U knew it was expensive, but u did it anyway. We bought a old Toyota. It cost $500 because our friend... didn't have time to register the vehicle, and he purchased a new car costing $800 month payment, and he didn't have room in his house for the old Toyota. Nothing is wrong with the vehicle.
I blame you
Kinda like all those folks who had the eviction hiatus so they stopped paying their rent (yet I knew of a number that went out getting cell phones, new TVs, cars, etc,etc) . . But the landlords still had to meet their bills/taxes/etc! sad!
I’m normally not a fan of Jade/Ken segments bc it can be chaotic. But this one was fantastic.
If you signed for a loan, you pay it back. If you don't, I will find you. And, there will be consequences.
Paid off my student loans last july and warned people that if they could, they should do the same by october. Those that didnt are in a rough spot now.
My ex sister in law took a 25,000 student loan out for dumb thing. Now they are taking half her paycheck and all of her tax return to pay for the loan because she did not pay on it. Now all she does is complain about that not being far and how it suck. I told her you could have made the payments and not have that going on right now and she said paying for it was the last thing on her mind.
Of course, they did not protest when they were given loan. Loan is not a free money
I know that student loan debt will never be forgiven in mass. I know people who had their six figure or less student loans forgiven after paying consistently for 10 years. The PSLF Forgiveness is real & does work if you meet the qualifications & the 10 years of payments.
I loved Ken's comment.
I'm going to protest the IRS and not pay my taxes. 😂 😅😂
Accountability is like kryptonite.
if loans are forgiven then they need to forfeit the degrees
Disagreed. It's predatory lending.
It’s only fair
@@markekins4769is it really predatory if every news outlet in the world has been warning people about student loans for over a decade?
@@markekins4769they signed up for that hay ride.
Yeah. If you go bankrupt they take the assets associated with the loans. Only fair.
I work at the IRS as a FEDERAL employee and I don’t sit all day with my feet up, I work very hard!!! Not everyone acts like that
Jade is so cool. I agree with Ken but he sounds like a boomer. Jade gets the message across in a much better way.
Pay your debts
My mom's 200k student loan was forgiven. She works in Education so maybe that's why and she's been paying it off for a long time. I don't know why her total debt was forgiven, but that shit literally changed her life. A huge cloud of debt removed! Insane. So I wouldn't give up hope! But still, pay a little something so if the day does come and you are in line to get forgiven, you won't get turned away because you defaulted.
Yo Ken ATE that last minute
great duo, great clip!!
If you’re ruled disabled you absolutely can get them excused. If not…go ahead and start paying on them now.
I truly understand. We pay soooo much taxes for others to benefit from income-based assistance. The degree we get in the STEM fields are needed but we are not properly compensated. Scientists are paid $80K tops for a PHD and pharmacists are horribly underpaid and overworked. Let’s not talk about teachers, social workers, nurses etc. I’m all for STEM forgiveness and paid education for 2-year degrees.
Let’s not talk about how useless some of these degrees are. I had to have an Accounting degree to qualify for government positions in the area, although I already had a Business degree. Once I got a government accounting position, I realized only a few people had a degree. 🤦🏽♀️🤦🏽♀️🤦🏽♀️🧘🏽♀️
If the government would kindly pay for my mortgage.....that would be great!!!!!!!!!!
For discussion: PSLF (Public Service Loan Forgiveness program) fair or unfair?
I feel like Jade can sing fr
Jade and her husband are musicians if I recall correctly.
She did a music degree
I agree with you and I agree with the student refusing to pay their loans. They borrowed money and they must repay it but I think the federal government should stop charging interest, too.The federal government needs to learn to run the country using the tax payers money not the student's loan payments.Will these student AND the feds grow up? I doubt it.
Loans accrue interest that's life
Learn the hard way
What is the incentive to pay it off if there is no interest? It would just be free money.
My wife had loan forgiveness for $96,000 teacher debt. She paid 145 mouths and they refunded her 25 payments because it was over 120 months. I think people see stories like this and get jealous and want the same.
I wish I had forgiveness for $10,000 of medical debt.
The fairness doctrine comes from people whose mommy and daddy fixed everything for them growing up. They've never had to suffer so they think any suffering is unfair.
Ken was cooking at the end, I didn't know he had it in him 😅
Let Ken Cook!😅😂🔥🔥🔥
Paid off my loans during the pandemic and saved thousands on interests. Never expected any forgiveness, because there’s never such thing as free lunch from the government. Pay your loans and stop complaining!!!
uber eats and instacart really do make a dent in any type of loan as long there is a demand. Bigger cities for sure or areas where people actually tip well like santa cruz
I’ve taken out auto loans in the past which I later regretted. I should have protested my payment and let the taxpayers deal with it!
My parents raised me to own my mistakes and not expect the governments help. I have $11k in student loans with no degree to show for it. This is my burden, not the taxpayer
Thank you for being a responsible person. You should do well in life.
Ken - great point. A great book related to mindset and perspective is The Obstacle is the Way by Ryan Holiday.
I love her take on things.
1,000 people is nothing. That does not account for everyone.
Its easy if you have student loans add a tax to thier paycheck take 100$ a week out of thier check and pay it on thier loan force them to pay it like medicare and social security
Additionally they’re not thinking that if the government were to forgive the loan it still needs to be paid through higher taxes. Now when they start working they are going to to pay as much or more in higher taxes than if they paid the loans they took out and signed to pay back.
You make a good point.
I will never understand the arrogance of people who willingly took out a loan, signed a promissory note, but think somebody else is supposed to pay for it. For that stupidity alone, they should have to pay double the interest. What is even more infuriating is those lazy people who don’t want to pay back their loan just don’t care about what the people who sacrificed to pay back their loan did.
Straight Facts with Jade & Ken!!
There are people that couldn't work for 2 years during pandemic. They had no way to pay the student loans and barely made rent. I feel bad for those people
There are a lot of people that never finish the degree, they lost their homes, they ended up on the street. There is no way they can pay that or the government to take something from them. I know somebody living in the van because he doesn't want to pay taxes on a house and land that he already owns. So it's different stories for different people
Hell hath no fury, like a woman scorned...
"Heaven has no rage like love to hatred turned, nor Hell a fury like a woman scorned"
I don't understand those non paying leeches, they got a good degree and now earn better than what they would have been able to without the taxpayers money, now they don't even want to pay it back and keep leeching of the taxpayers??? I don't know what else to call them I feel disgusted.
I want the government to cancel my home loan and the bill from Home Depot.
If your education did not lead to any gainful employment, you are under no obligation to pay back the education loan and it will be fully erased after 25 years to boot.
The quote is- "Hell hath no fury like a woman scorned." You're welcome, Jade & Ken!
Interesting when they're talking casually they say destroying your credit will make it hard to buy a house. But when they're preaching dumb rules they act like you don't need credit to do anything lol
Seems to me the problem is lack of awareness and education from the system as well as from the parents. Parents should really do and say more about student loans than to "just sign up" or "that's how it is".
Try it on my taxes this year, made me laugh 😂😂😂
Hell hath no fury like a woman scorned.
You go Ken!
JOHN 14:6😊❤
Jade is the best and most practical with advise whether man or woman. The others are simps
Id love to each personality set up a instacart or uber eata and work one shift i would watch all of them
Dave needs to get all the pizza joint deliveries lol
I have no student loans and I agree people should pay their bills. However, to keep it real; those loans are predatory AF.
Planting loan sharks to sell debt to college kids who have zero financial literacy….. should be illegal.
I have a fix for the student loan problem. Simply stop. No more taxpayer funded loans, period full stop. Imagine what would happen. All those really, really, REALLY smart people (the snark meter is at 11 when I typed that) going to NYU (and doing so from far away, so living at the dorms or whatever) for their double degree in comparative religion and communications will instead....gasp, have to either skip college and get a job, or go to their local community college. (Wah, wah, wahhhhhh....sad trombone). Speaking of such useless degrees - back in the day, those were reserved for those people who could afford to buy such a luxury good - you know, the useless kids of too rich parents. Yes, a college of arts and sciences degree is in fact a luxury good. Really nice to be all well read and the like, but the simple fact is, borrowing money to buy an expensive handbag or a luxury vacation is equally stupid to borrowing money for an economically worthless degree. All those kids with "unfair" student loans will just have to be protected from that unfairness - in your best soup Nz voice, repeat after me: "No loans for YOU!".
There's no such thing as useless degrees, only useless students.
Why aren't they treated like citizens that refuse to pay taxes?
Size of house, and vanity of college got people fooled, it’s all about which areas have environmental regulations so you don’t get disease later in life
I do instacart in Los Angeles. I know guys making $100,000 a year doing it. I'll probably make $70,000 this year doing instacart.
I love Instacart. I’m in Long Beach and always give 5 stars 😊 it’s so convenient and helpful!
Is it hard to get hired?
@@cutehumor Right now it is. There are so many people trying to get in. I got in in early 2021 when they were desperate for drivers. If you don't live in California, it's probably going to be a bad experience. California drivers get benefits, get to work their own hours, and get a minimum hourly rate. I know people who have been waiting for over a year or two to try and get on the app.
"I'm tired of fair" is the conservative mantra in a nutshell. "Life isn't fair. Life sucks" is the rallying cry of the people who made it that way.
These kids today have a rude awakening- wait till they need those official transcripts and because of a balance owed you can’t get your transcript
College "kids" are adults
Screw paying back the government I’ll die before I do that literally. College tuition is out of control and by not paying I’m fighting against them 😂
These idiots giving out these loans are even stupider than the people who took them out.
The process needs to be just as strict as buying a house or car.
That’ll help.
If it was strict 18 year old kids would never get a loan for college. And that is exactly the problem and why the government got involved and now it is still screwed up or worse.
Jade understands. Student loans haven't helped anything. Jobs that would have been entry level are now locked behind a bachelor's degree. Student loans come with that, and so does a reduced buying power of having to pay back loans and losing 4 years of job experience. Not to mention employers today feeling they shouldn't have to train educated employees. Student loans haven't helped anyone, but forgiving them won't help anything. Only scraping the entire program will make a difference, which won't happen in the name of eDuCaTiOn
They can go ahead and forgive it, as long as they cut responsible borrowers a check for what they paid back already
ENTITLEMENT