My saving grace was getting my life in order before raising a family. It's so much easier to focus going to school or get a skill to earn more before having children to provide for. Dave never supports that as 'babies are a blessing.' We had better focus on school and our careers before adding our children to the household.
Single dad here, divorced with one child, 2 paid off cars and make 75k. I was complaining about no shoes and just heard a guy with no feet……sheessshhhh!!!!
I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
I'm a newbie talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 10Ok to test the waters now that large cap stocks are at a discount
This may sound rude to a lot of snowflakes but people need to have kids based on how much they make. How is it that this caller has like 5 kids making 41k thats crazy
Wife working isn't helpful here. He needs to get his income up, and the wife's car needs to go. A $5K minivan will suffice; they don't make enough to be picky. If he can get the truck refinanced, maybe he could hang on to that, if he thinks he wants to pursue a landscaping business. This is a tough situation, for sure.
Beans and rice, rice, and beans, we are selling the cars. You won't see the inside of a restaurant unless you're working there and we are attacking this problem with GAZELLE INTENSITY.
Some ppl do that and still can't make ends meet (for various external reasons). Those are the ones I really feel bad for smh Some ppl can really just fall thru the cracks of the economy
Day care will cost more than her income. Yes, they need to figure it out but I don't think letting someone else raise the kids and go into debt over it too is the answer. Maybe mom can find a side hustle that allows her to say home. Maybe she can bring two more kids into the fold and charge about what a day care would but other parents who need to would and rather have their kids in a home environment.
Make $20k on your side hustle next year and pay off one car, year after pay off the next car and you are now making headway. Find a point where you are starting to turn away customers then it's time to put your two weeks in or cut back at the cemetery and max out the side hustle and if you are serious get wife working either from home or split shift from you if you can get to making $50k and NO DEBTS you can do fine in Mobile,AL
I’ve known women who cleaned houses and took the little ones along. Clean offices at night. No one seems to want to clean. My mother did her lighter cleaning jobs while pregnant with me
Investment is currently the most lucrative business in the world. Both real estate, Stock, and Cryptocurrencies are positively changing people's lives.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times
Elizabeth Regina Nelson has really set the standard for others to follow, we love her here in the Uk 🇬🇧 as she has been really helpful and changed lots of life's.
40 hours a week doesn't cut it. I make 95k at my job, and with 2 kids in Denver I have a second job. I work 60 hours a week and bring my income to around 125k. He is just lazy and needs to get out there and get some money
You sound like a good little slave man. I'm glad you love working so much. When do you realize that time is more important than the money? Get your wife to work.
I’m not sure how old the kids are … but Mom may need to work even if it’s just for a few years. If the children are very young she may need to plan to work in the future. Trade in the cars for 1 car and make a schedule. They need 2 incomes right now.
I just looked up Mobile, Alabama. Median income there is $29,000, which is around the same where I live. I'm guessing cost of living there is fairly low as well, so $40,000 is probably doable where he lives. He just needs to learn how to make a budget and stick to it. Also, those vehicles were horrible deals for him.
$40K is not enough for a family… even in Alabama. They’re not overspending, they are underearning. He needs to step it up like his life depends on it and she needs to make $$$ too.
This! She can work, but he will have to carry some of the household/childcare load if she does. What usually happens is that the wife goes to work (willingly or unwillingly) and then is still expected to do all the stuff she did when she was at home. They will have to change their entire way of living. Traditional gender roles go out the door as soon as both people are working.
@user-xp9ry8yh9z Usually the wife goes to work unwillingly and kibashes the whole thing. The husband will obviously pull some of the load. She won't work much so yes the day to day household work will still be largely on her. Or she can go to work and he can stay home 5 days a week..Men and women are equal right?
Im a stay at home mom with our 2 young kids and my husband brings home around 43,000 annually only debt we have normally is house mortgage, sadly medical bills r the thing that hurts us the most since insurance always fights with newborn cost. Sell all the cars and get a good beater or 2 with no debt.
People are slamming this guy, but he called because he NEEDS financial advice and is seeking it from a very reputable source. These things are not taught in school and for most of us not at home either so lessons are learned personally and they are really really hard lessons… I hope they come out of this - together 🙏🏽
People including me are slamming this guy not for seeking financial advice BUT for the life lessons that HE SHOULD have learned at home and in school. I mean seriously how does he (or you or anyone) not get that life will be hard financially if you have 4 kids and note, he must have had his first as a teenager. I thought this was 2024, NOT 1954! And to be struggling this much and then 7 months ago they did the deed that resulted in their 4th pregnancy. Come on, this is ridiculous. You do NOT need to be a rocket scientist to know how children come into this world and how to prevent it. Me personally, it is shameful to continue to bring children into this world when you cannot adequately provide for the ones you have!!
First time I disagree with the advice. She told him to spend his side hustle money. I think it's better to keep reinvesting and saving that money to potentially turn it into his main job. He's still young just have to push through. $18k is a good start for a side hustle
I disagreed with that too. So many people call in and they rack up credit card debt to fund their non profitable/failing business. This guy is better off having that landscaping business neutral. But the bottom line is, ditch the landscaping as it's making no money and get another job instead
@@Pizzageek-jc4xp I don't think it is awful at all. To bring children into this world when you cannot adequately provide for them is shameful in my opinion.
Birth control is a mortal sin. Marriage is for having children. The word “matrimony” literally means “to make a mother.” Yes, prudence is needed, but sometimes everything was going ok and life happens and you’re in a less than desirable place. If we want to avoid all suffering then we should all die.
He is not scared enough of where he is what he is making. He needs to have no more than a $5,000. I can remember when I was starting, I had used everything.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio…
It's really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It's a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Jihan! Imagine i invested $50,000 and received $190,500 after 14 days
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why l'm lucky to have seen someone like mr Jihan Wu.
They can’t say it, but I will. You can’t continue having kids when you don’t have money. What do you mean that you have a two year-old and then a seven month pregnant wife making 40 grand a year?
Bought a truck at 41% interest? He's an idiot. That's the Buy-here/Pay-here lot saying: "You can't afford this, so we'll charge it's value as a down payment and then screw you on interest."
Dude needs a new job and make more money. He needs a job that pays more. Dude says he is "pinching pennies"then is out buying a truck at 21% interest rate.
Man, he doubled and tripled down on bad decision after bad decision. Glad he called in for advice; hope it was a wake up call to turn things around! He has plenty of time on his side to fix his life!
No wonder he combined the numbers together when Jade asked him about the value of the cars and what is owed on them. He sounded like a weasel. Someone who will not face the truth is never going to straighten things out.
The same quality that makes you broke makes you have kids w/o reasonable caution with money. Lack of planning, impulsive, does what feels good in the moment.
@@whitneyw.7919 Hmm. I over-analyze things and I don’t like taking risks. I don’t like doing anything without knowing the outcome. Therefore, I am single with no children. I wanted a husband and children, but I didn’t see guys acting like they were going to step up and be husbands and fathers. I was petrified of the prospect of winding up, divorced with kids and not enough money, so with all of the things I’ve described being the case, here I am single. And when I was in my 20s and 30s, we were told not to let guys know that we wanted to get married, because it was scare them away. Now with social media and the term “define the relationship” out there, it looks like things have really changed. Maybe not, because there are also all of those sicko red pill channels out there. Maybe the extremes have just become more extreme.
I know. The more the caller talked the more I felt the stress. No savings, no retirement, making $40k, married, three kids and one in the oven, stay at home mom, two stupid decisions cars. This almost sounds made up it is so bad, like an example of what not to do. Almost every possible bad move is here. Unless the kids are really gifted in some way, they represent future public burdens.
Good lord, he needs a better job or she just needs to work, to be that old and not even making 40K is pretty sad! I think they both need to get decent careers FIRST and then pay off all the debt, AND then worry about starting a business!! They bought a 9 year old Tahoe for 25K, poor choices are being made!! At his age he should be making at least 70K!
Some places in the U.S. don’t require that much to live a comfortable life. I’m 28 my wife and I combined make 45k a year. We love our jobs and have a ton of flexibility. We have no credit cards, we are working towards paying off our vehicle and we have a little money in savings for emergencies. Once the vehicle is paid off that frees up about 5k a year not including the extra we are throwing at it. It can be done on lower income it just takes the ability to be intentional with your money. living in one of those areas that is not insanely overpriced is a big part of it obviously. Also knowing how to fix things yourself helps.
Move to Iowa or something. There are only two components of the equation: income and expenses. If you can’t get income up, your expenses HAS TO go down.
This might seem too radical, but they should probably move to South America. Living expenses will be a fraction of what they are in the US. Not sure what he'd do for work there, but he could probably find something.
He is financially illiterate as well. Unfortunately, these are the people who had the majority of children in the country, poor people with no education.
4 kids?!?! He’s sunk. There’s no coming back from this. All the talk about cars and extra jobs and side hustles and career changes is dumb when there’s four kids in the picture.
Worse yet he is only 32, if he (husband) or she (wife) or they don't get fixed, there could be even more children, and they can't afford the ones they have!
@@Primitive_Code Do you know what daycare costs? For one child it is not worth putting mom in the work force as the money that would have come from working would be small after you pay for daycare, three kids they would be going into debt to pay for child care because her income would not cover it. They need to figure it out but daycare is not the road to solve that problem. BTW why are you so hateful?
@@fhuber7507 The two oldest are at school, so it's only the 3rd that needs childcare. Even working minimum wage, you'll make more than the cost of childcare for one child. If you use grandparents for some of it or get a job in the evening when their father is home, you can easily make much more than the cost of childcare. The fact that there is another baby on the way in two months is a problem. (Condoms are cheap...) It might make sense to wait until the new baby is six months old before she gets a job. But she's going to need to get a job sooner or later.
He doesn’t know why he doesn’t have money then says he makes $40k, bought a truck for $15k +41% interest and a car for $25k. Gol-LY. I hope they work their way out of this but I worry about the lack of critical thinking.
No doubt the economy is tough right now and even those who try are struggling. But in my 52 years on the planet there are 3 major reasons for poverty. #1 -- substance abuse (alcohol & drugs). #2 -- getting in trouble with the law. And finally, #3 -- having many kids. See humans have an unlimited amount of love to give BUT like it or not, we have a finite amount of time and money! [And that is a fact. You can argue with me all you want but it doesn't change that there is a lot to do and there are only 24 hours in day and unless your last name is Bezos you have limited resources]
The numbers on his truck don't work. $15,000 at 41% interest is $512.50 in interest a month. His monthly payment is less than the interest. That can't be right. I'm guessing that was 41% APR, not 41% interest. There was probably a large up front fee that is being included in the APR. It's a massive rip off whatever it is...
Start profiting from landscaping. That will bring in 20k more annually. Make the wife work part time or work from home job. That’s another 20k at least and boom problem solved
I get it's Alabama, but $40k a year with a stay at home wife and essentially 4 kids is not doable. She either has to go to work or he needs to make more. To be honest she probably be better off divorcing him and having the government be the kids dad
If the mother can work a different shift from husband. That would be great!!! Or start watching maybe 2 or 3 kids a week charge 200 or more each child depending where you live at Could charge more. That is 1600- 2400 a month add. The wife is paying off both vehicles . And the husband build his business up. And pay off the rest of debt. Get a savings together and move forward. And also ask yourself am I’m in the right state the city to make the money for my family.
These people need to start using condoms and other forms of birth controls. They will be a family of 6 soon enough, but they can’t afford to become a family of 7.
Car salesmen who meet a person like this, see their debt load, and still sell them a loan like this are positively diabolical. (Yes he's a grown man but that's insanity on behalf of the car dealership)
Because some things are more important than rockin' a house and a boat. I know a lot of people who live in very low cost areas, make 50k a year and have 5 kids and still make all their ends meet. People who refuse to have children because they think they "can't afford them" are missing the mark.
Yep. Having kids in this day and age on such a low income was not a good idea. Then having the wife stay home with the kids wasn’t a great decision either. She needs to work part time or night time.
@thejakelegion yeah some things are more important... like being able to afford giving your child an at least middle income life. Theres more to having a kid than popping one out. How about some financial planning first?
The kids are not the problem, neither is the stay at home mom. It's the other decisions with money are bad. We have 4 kids, i stay at home he makes 48 a year and we lack for nothing.
At 0:42- Dr. John- "You gotta make more money, brother." Well DUH! Reminds me of a scene on "Big Bang Theory" where Sheldon said basically the same to Penney in his classic clueless fashion! Penney deadpan replies- "Yes, it occurs to me, too!"
Don’t get me wrong this guy is not the example to follow but some people can make it on less than 40k a year. Not everyone wants to be a millionaire by the time they are 40. I personally just want to live a comfortable debt free life and have flexibility in my day to day. I’m putting a little money in a Roth IRA so hopefully everything keeps working like it is and I can retire with enough to live on. That’s the goal that some have in life. To comfortably enjoy life.
The wife needs to get a side hustle, she can do work from home customer service or teach English online. I disagree with John telling she needs to go back to work full time though. Once they get done paying childcare for 4 kids her salary would be gone.
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My saving grace was getting my life in order before raising a family. It's so much easier to focus going to school or get a skill to earn more before having children to provide for. Dave never supports that as 'babies are a blessing.' We had better focus on school and our careers before adding our children to the household.
Exactly! It's very selfish to bring children into the world to struggle.
I mean how much of this is common sense? 41% on anything is ridiculous. You could have put it on a credit card and saved 50% on the rate costs.
Single dad here, divorced with one child, 2 paid off cars and make 75k. I was complaining about no shoes and just heard a guy with no feet……sheessshhhh!!!!
He chopped his own feet off. 🪓
He is living beyond his means period
This is way way past that even. 😂
He has no means
I came across your channel through this video-
case studies are incredibly valuable, and I'm eager
to see more in the future! Building wealth involves
establishing routines, like consistently setting aside
funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is
to spread out your investments. By putting
your money into different asset classes like
bonds, real estate, and stocks from other
countries, you can lower the risk if one part of
the market goes bad.
That sounds like a good plan. In the past two
years, working closely with a financial market
specialist, I've built a six-figure diversified
stock portfolio. Now, I aim to diversify even
more this year.
I'm a newbie talking about a financial market specialist, do
you consider anyone worthy of
recommendations? I have about 10Ok to test
the waters now that large cap stocks are at a
discount
Mrs Martha Ann Hammerton was my hope during the
'bear summer last year . I did so many
mistakes but also learned so much from it
This may sound rude to a lot of snowflakes but people need to have kids based on how much they make. How is it that this caller has like 5 kids making 41k thats crazy
…..people don’t NEED to have kids…… If you can’t afford to….DON’T.
@@tchilds1077we waited. My husband owed three years net income in student loans. We paid all that off before starting to have kids.
Wife working isn't helpful here. He needs to get his income up, and the wife's car needs to go. A $5K minivan will suffice; they don't make enough to be picky. If he can get the truck refinanced, maybe he could hang on to that, if he thinks he wants to pursue a landscaping business. This is a tough situation, for sure.
Beans and rice, rice, and beans, we are selling the cars. You won't see the inside of a restaurant unless you're working there and we are attacking this problem with GAZELLE INTENSITY.
Some ppl do that and still can't make ends meet (for various external reasons). Those are the ones I really feel bad for smh Some ppl can really just fall thru the cracks of the economy
@@NeeNee_B.Absolutely!
I can't afford both. It's either rice or beans. 😂
They have way deeper problems than what that advice can fix
41% INTEREST!!!! WHAT WERE YOU THINKING? At that point, I'd walk!
His wife needs to get a job and he needs to get a better paying job. A lot of men can’t afford a stay at home wife. Act your wage.
And get a vasectomy. No more kids!
Day care will cost more than her income. Yes, they need to figure it out but I don't think letting someone else raise the kids and go into debt over it too is the answer. Maybe mom can find a side hustle that allows her to say home. Maybe she can bring two more kids into the fold and charge about what a day care would but other parents who need to would and rather have their kids in a home environment.
You do know sahms can work and the kids will never touch daycare?
Make $20k on your side hustle next year and pay off one car, year after pay off the next car and you are now making headway. Find a point where you are starting to turn away customers then it's time to put your two weeks in or cut back at the cemetery and max out the side hustle and if you are serious get wife working either from home or split shift from you if you can get to making $50k and NO DEBTS you can do fine in Mobile,AL
They need 1 mini van worth 2000 bucks and she needs to take him to and from work. Somethings gotta change at 40k with 100 people in the house
She can work a different shift, evenings, weekends. Do work from home. I know a stay at home mom who did insurance billing when kids were napping.
I’ve known women who cleaned houses and took the little ones along. Clean offices at night. No one seems to want to clean. My mother did her lighter cleaning jobs while pregnant with me
@kendrapratt2098 Yes, one of my friends cleaned in a nursing home. Absolutely. 🙂
She said to stfu. She's exhausted. He needs to make more $.
In todays economy both spouses need to work , he doesn’t make enough to support a stay at home wife and kids
I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love
My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.
Investment is currently the most lucrative business in the world. Both real estate, Stock, and Cryptocurrencies are positively changing people's lives.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times
Elizabeth Regina Nelson has really set the standard for others to follow, we love her here in the Uk 🇬🇧 as she has been really helpful and changed lots of life's.
40 hours a week doesn't cut it. I make 95k at my job, and with 2 kids in Denver I have a second job. I work 60 hours a week and bring my income to around 125k. He is just lazy and needs to get out there and get some money
I work 40 hours a week, make $60k, and don't need a second job. Maybe I'm being lazy too. 😂
You sound like a good little slave man. I'm glad you love working so much. When do you realize that time is more important than the money? Get your wife to work.
@BREEZYM6015 I doubt you're lazy. Everyone's situation is different. Guy not pulling down even 40k with 4 kids is just straight up laziness though
I’m not sure how old the kids are … but Mom may need to work even if it’s just for a few years. If the children are very young she may need to plan to work in the future. Trade in the cars for 1 car and make a schedule.
They need 2 incomes right now.
I just looked up Mobile, Alabama. Median income there is $29,000, which is around the same where I live. I'm guessing cost of living there is fairly low as well, so $40,000 is probably doable where he lives. He just needs to learn how to make a budget and stick to it. Also, those vehicles were horrible deals for him.
With 4 kids and one on the way and car loans?
$40,000/year for a family of 6... doesn't really matter where in the US they live, they're living on a razor's edge
Median household where I live is about $138k, so it's hard to imagine raising family with $29k or even $40k
He needs more income period.
At least he is calling, but come on. This is a truckload of utter stupidity.
Two truckloads, actually.
If she baby sits for someone elses kids she could make a little money. Possibly tax free.
They don't have the luxury of being a SAHM with that income
He needs 6 more jobs
Maybe his wife could get at least one?
He needs a job for each kid
If he cant make 40k stretch in AL, he's hopeless. There arent much cheaper places in the US than AL. He needs a higher income, period.
$40K is not enough for a family… even in Alabama. They’re not overspending, they are underearning. He needs to step it up like his life depends on it and she needs to make $$$ too.
He needs a vasectomy, for starters.
@@whitneyw.7919exactly he could clear 55 easily with a side job then they would be scraping then she gets a side job while the kids are at school
I have no sympathy for these people that keep having children. He needs to be working several more jobs.
I know it's like there is low cost birth control out there.
Several more jobs? There's only 24 hours in a day. 😂
@@BREEZYM6015 right? That’s hilarious 😂
@@carolsmith2699 Why? They horny. It's all
good.
These guy has no direction. He needs to sell the cars and eat rice and beans…this call should have been taken by Dave
SAHM can work on side as well. Its important has her keep skin in the financial game he'll have tome with the kids on/off parenting.
This! She can work, but he will have to carry some of the household/childcare load if she does. What usually happens is that the wife goes to work (willingly or unwillingly) and then is still expected to do all the stuff she did when she was at home. They will have to change their entire way of living. Traditional gender roles go out the door as soon as both people are working.
@user-xp9ry8yh9z Usually the wife goes to work unwillingly and kibashes the whole thing. The husband will obviously pull some of the load. She won't work much so yes the day to day household work will still be largely on her. Or she can go to work and he can stay home 5 days a week..Men and women are equal right?
Im a stay at home mom with our 2 young kids and my husband brings home around 43,000 annually only debt we have normally is house mortgage, sadly medical bills r the thing that hurts us the most since insurance always fights with newborn cost. Sell all the cars and get a good beater or 2 with no debt.
How the guy can’t answer basic questions when asked… good indicator of what’s going on here.
People are slamming this guy, but he called because he NEEDS financial advice and is seeking it from a very reputable source. These things are not taught in school and for most of us not at home either so lessons are learned personally and they are really really hard lessons… I hope they come out of this - together 🙏🏽
People including me are slamming this guy not for seeking financial advice BUT for the life lessons that HE SHOULD have learned at home and in school. I mean seriously how does he (or you or anyone) not get that life will be hard financially if you have 4 kids and note, he must have had his first as a teenager. I thought this was 2024, NOT 1954!
And to be struggling this much and then 7 months ago they did the deed that resulted in their 4th pregnancy. Come on, this is ridiculous. You do NOT need to be a rocket scientist to know how children come into this world and how to prevent it. Me personally, it is shameful to continue to bring children into this world when you cannot adequately provide for the ones you have!!
Amen
Yew but you went out and bought a truck and you make 40k per year? You need to eat some criticism
Yet, conservative theology is robbing women of their reproductive rights and bodily autonomy.
It's not taught in school but its all over the Internet
First time I disagree with the advice. She told him to spend his side hustle money. I think it's better to keep reinvesting and saving that money to potentially turn it into his main job. He's still young just have to push through. $18k is a good start for a side hustle
I disagreed with that too. So many people call in and they rack up credit card debt to fund their non profitable/failing business. This guy is better off having that landscaping business neutral. But the bottom line is, ditch the landscaping as it's making no money and get another job instead
@@bevanhartley4090 Hopefully, he has help filing his taxes too so he can claim his business expenses.
3 kids and 1 on the way. Ridiculous!!
Sometimes you just can't help people and this may be one of those times. Birth control is cheap!
that's awful to say. Maybe they're a really happy family. I would hate it if someone told me i shouldn't have had my kids.
@@Pizzageek-jc4xp I don't think it is awful at all. To bring children into this world when you cannot adequately provide for them is shameful in my opinion.
Be realistic. They can't afford 4 kids. Hell, they really can't afford any kids with his income and wife not working. @@Pizzageek-jc4xp
Birth control is a mortal sin. Marriage is for having children. The word “matrimony” literally means “to make a mother.” Yes, prudence is needed, but sometimes everything was going ok and life happens and you’re in a less than desirable place. If we want to avoid all suffering then we should all die.
Go away
He is not scared enough of where he is what he is making.
He needs to have no more than a $5,000. I can remember when I was starting, I had used everything.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.
Everyone should have BTC in their portfolio…
It's really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It's a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Jihan! Imagine i invested $50,000 and received $190,500 after 14 days
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
His guidance allowed me to restructure my retirement plan, resulting in an estimated $700,000 more by the time I retire.
Some persons think inves'tin is all about buying stocks;
I think going into the stock market without a good experience is a big risk, that's why l'm lucky to have seen someone like mr Jihan Wu.
He has to continue working and do Uber also, work at minimum 65 hours a week
WIDOW MAKER
Too much family too little money
They can’t say it, but I will. You can’t continue having kids when you don’t have money. What do you mean that you have a two year-old and then a seven month pregnant wife making 40 grand a year?
Birth control is cheaper than kids but I bet he won't do that
Right i still don’t understand why they are so afraid to admit that
Go away
Well the kids are here so there's no going back on that. So telling them to not have them is ridiculous. This is an income issue.
That don't make any sense at all. Seems like they doing u know what more than working and making money
Why is the wife not working? And why did they have kids that they can't afford? Having 4 kids is utterly ridiculous for what he's earning.
Poverty works better than honey packs and viagra combined.
4 kids with $40k income.... That's $6,600 a year for each member of the family. Yea, condoms should be forced upon some people 😂🤣
But but but.... that's FAAAAAAAAAAASCISUUUUUUUUUMMMMM! *sarcasm*
Bought a truck at 41% interest? He's an idiot. That's the Buy-here/Pay-here lot saying: "You can't afford this, so we'll charge it's value as a down payment and then screw you on interest."
He digs his current gig.
It seems he wants to know how he can keep doing the same things but get a different result 😆
Digging a grave is his fave.👻
Dude needs a new job and make more money. He needs a job that pays more. Dude says he is "pinching pennies"then is out buying a truck at 21% interest rate.
She can get a job in the evening after he comes home at night. At least enough to cover groceries.
He needs his truck for landscaping. He needs to refinance out of that higher rate and keep it to grow the landscaping business.
I make $60k as a single guy in Las Vegas. The emphasis being on "single".
I'm sure you're celibate 🙄
Very glad to have found your channel! Your videos are an example of how to make quality content. Keep it up 🏹🤗🧸
Thats why you are living paycheck to paycheck. Making under 40k in 2024, married, stay at home wife, three kids, two bonehead cars. What you expect?
Man, he doubled and tripled down on bad decision after bad decision. Glad he called in for advice; hope it was a wake up call to turn things around! He has plenty of time on his side to fix his life!
8% interest loan on a used car is pretty good?!! This poor guy is out of touch.
No money, make kids. FFS🎉
41% interest rate? Wow I didn’t know that go up that high.
No wonder he combined the numbers together when Jade asked him about the value of the cars and what is owed on them. He sounded like a weasel. Someone who will not face the truth is never going to straighten things out.
@@genxx2724not a weasel 😂😂😂
There's a sucker born every minute.
I originally misheard and thought he said 21% which I already thought was awful. 41% is just insane
I wonder if that is legal
I feel like the brokest people have the most kids!
The same quality that makes you broke makes you have kids w/o reasonable caution with money. Lack of planning, impulsive, does what feels good in the moment.
The movie made called Idiocracy is fitting here
@@whitneyw.7919 Hmm. I over-analyze things and I don’t like taking risks. I don’t like doing anything without knowing the outcome. Therefore, I am single with no children. I wanted a husband and children, but I didn’t see guys acting like they were going to step up and be husbands and fathers. I was petrified of the prospect of winding up, divorced with kids and not enough money, so with all of the things I’ve described being the case, here I am single. And when I was in my 20s and 30s, we were told not to let guys know that we wanted to get married, because it was scare them away. Now with social media and the term “define the relationship” out there, it looks like things have really changed. Maybe not, because there are also all of those sicko red pill channels out there. Maybe the extremes have just become more extreme.
It’s the only entertainment they can afford
I know. The more the caller talked the more I felt the stress. No savings, no retirement, making $40k, married, three kids and one in the oven, stay at home mom, two stupid decisions cars. This almost sounds made up it is so bad, like an example of what not to do. Almost every possible bad move is here. Unless the kids are really gifted in some way, they represent future public burdens.
Good lord, he needs a better job or she just needs to work, to be that old and not even making 40K is pretty sad! I think they both need to get decent careers FIRST and then pay off all the debt, AND then worry about starting a business!! They bought a 9 year old Tahoe for 25K, poor choices are being made!! At his age he should be making at least 70K!
Some places in the U.S. don’t require that much to live a comfortable life. I’m 28 my wife and I combined make 45k a year. We love our jobs and have a ton of flexibility. We have no credit cards, we are working towards paying off our vehicle and we have a little money in savings for emergencies. Once the vehicle is paid off that frees up about 5k a year not including the extra we are throwing at it. It can be done on lower income it just takes the ability to be intentional with your money. living in one of those areas that is not insanely overpriced is a big part of it obviously. Also knowing how to fix things yourself helps.
Move to Iowa or something. There are only two components of the equation: income and expenses. If you can’t get income up, your expenses HAS TO go down.
Surely Mobile isn’t that expensive, though? They might live beyond their means wherever they’re at
Iowa is a lot more expensive than Alabama.
@ is it though?
@@kendrapratt2098 true
This might seem too radical, but they should probably move to South America. Living expenses will be a fraction of what they are in the US. Not sure what he'd do for work there, but he could probably find something.
Why are they having so many kids? They can't afford to have more kids! Stop having kids!
Poor people always tend to have a lot of kids
I get the feeling that the two older ones aren't hers.
He is financially illiterate as well. Unfortunately, these are the people who had the majority of children in the country, poor people with no education.
@@user-xp9ry8yh9z She stole them .
Couples with kids on one income 40k a year, impossible to stay afloat in today's economy.
Well the wife chose not to work. That's the biggest issue IMHO. She could at least babysit other kids at home.
Yes 3 kids and one on the way is not a smart move but I'm sure he loves tax time . Earned income credits I'm sure he sees $10,000 plus
OF has brought so many women - married, mothers, etc from poverty. From home!
4 kids?!?! He’s sunk. There’s no coming back from this. All the talk about cars and extra jobs and side hustles and career changes is dumb when there’s four kids in the picture.
I wonder if the older two kids are hers.
41% interest rate!!!!?? I didn't realize people are this 🤪🤡🤡🤡
Why are people having kids making 40 thousand? Thats Crazy
Profound self-centeredness
@@healthwithmarcusnah just lack of IQ
Who the hell buys a vehicle with 41% interest 🤷🏽♂️? And once your wife have the baby? Make it the last one?
Poor people with bad credit.
Meanwhile a good friend of mine went from $21 to $38 an hour in a year by job hopping. Im trying to do the same
You would be smart to ask your friend for advice
Dave would say, Amputate the Tahoe!
Worse yet he is only 32, if he (husband) or she (wife) or they don't get fixed, there could be even more children, and they can't afford the ones they have!
Why the 4th kids for 🤣😂🤦♂️
Wife needs something else to do😢
🤦🏻♂️
cant afford to eat, lets have another baby
I like how John just cut right to the chase🤣
At the break Jade told him to shut his trap.
@@JustinCase780😂
@@otrebla8944 She obviously likes Ken better.
A 41% car loan? Is that even legal? When I worked in the sub-prime personal loan and mortgage business, the highest we could go was around 29%.
Finally, they tell someone that the SAHM needs to get a job!
Yup on/off parenting
Not if she's married to this simp.
@@Primitive_Code Do you know what daycare costs? For one child it is not worth putting mom in the work force as the money that would have come from working would be small after you pay for daycare, three kids they would be going into debt to pay for child care because her income would not cover it. They need to figure it out but daycare is not the road to solve that problem. BTW why are you so hateful?
child care can cost more than what she'll make...
@@fhuber7507 The two oldest are at school, so it's only the 3rd that needs childcare. Even working minimum wage, you'll make more than the cost of childcare for one child. If you use grandparents for some of it or get a job in the evening when their father is home, you can easily make much more than the cost of childcare.
The fact that there is another baby on the way in two months is a problem. (Condoms are cheap...) It might make sense to wait until the new baby is six months old before she gets a job. But she's going to need to get a job sooner or later.
He doesn’t know why he doesn’t have money then says he makes $40k, bought a truck for $15k +41% interest and a car for $25k. Gol-LY. I hope they work their way out of this but I worry about the lack of critical thinking.
No doubt the economy is tough right now and even those who try are struggling. But in my 52 years on the planet there are 3 major reasons for poverty.
#1 -- substance abuse (alcohol & drugs).
#2 -- getting in trouble with the law.
And finally, #3 -- having many kids. See humans have an unlimited amount of love to give BUT like it or not, we have a finite amount of time and money! [And that is a fact. You can argue with me all you want but it doesn't change that there is a lot to do and there are only 24 hours in day and unless your last name is Bezos you have limited resources]
The numbers on his truck don't work. $15,000 at 41% interest is $512.50 in interest a month. His monthly payment is less than the interest. That can't be right. I'm guessing that was 41% APR, not 41% interest. There was probably a large up front fee that is being included in the APR. It's a massive rip off whatever it is...
Right 👍
I think it was 21 that he said initially, then Jade heard 41 and asked if she was right, he must have misheard and confirmed
@jjukjkjiok7782 It sounds like 41% to me. I can't hear the initial consonant, but I can hear "...orty one".
2:43 johns face
Start profiting from landscaping. That will bring in 20k more annually. Make the wife work part time or work from home job. That’s another 20k at least and boom problem solved
I get it's Alabama, but $40k a year with a stay at home wife and essentially 4 kids is not doable. She either has to go to work or he needs to make more. To be honest she probably be better off divorcing him and having the government be the kids dad
Sadly you are probably right.m, but shhhh...don't say that too loud the poor struggling red hat supporters will have a fit😂
Then those kids are fooked.
How do you make only 40k in this world….. this makes zero sense
Mobile is well Mobile lol. Go work on a rig or at the port probably make lot more.
Stop having kids.
Somebody does.
If the mother can work a different shift from husband. That would be great!!! Or start watching maybe 2 or 3 kids a week charge 200 or more each child depending where you live at Could charge more. That is 1600- 2400 a month add. The wife is paying off both vehicles . And the husband build his business up. And pay off the rest of debt. Get a savings together and move forward. And also ask yourself am I’m in the right state the city to make the money for my family.
Being a stay at home Mom these days, is like expecting to pay $1.05 a gallon for gas.
The rest of his life will be working 2 full-time jobs with no life.
Another child coming? I will withhold comment
He's in Alabama, If they believe in abortion she couldn't get one there.
Why? I think more people need to call out these bad behaviors!
They are choosing to bring children into this world to suffer!
@@YahsLoveisEnoughthey probably don’t even believe in abortion or contraception. They are just irresponsible and having kids they can’t afford.
@@YahsLoveisEnough GOOD, abortion is MURDER!
These people need to start using condoms and other forms of birth controls. They will be a family of 6 soon enough, but they can’t afford to become a family of 7.
You have to make money to be a SAHP. 41% interest??? SMH
How old is he?
He says 32
I find it absurd you have to make x3 you rent for an appartment but there is no requirement of income to raise a human. Let that sink in.
41% interest rate should be illegal under usury laws, not sure if that is even allowed
I make 30k to 35k on average a year...But im loaded because im cheap and dont have kids
Car salesmen who meet a person like this, see their debt load, and still sell them a loan like this are positively diabolical. (Yes he's a grown man but that's insanity on behalf of the car dealership)
If youre only making 40k, what in the actual hell made you think it was a good idea to have kids?
“Oops”
Because some things are more important than rockin' a house and a boat. I know a lot of people who live in very low cost areas, make 50k a year and have 5 kids and still make all their ends meet. People who refuse to have children because they think they "can't afford them" are missing the mark.
Yep. Having kids in this day and age on such a low income was not a good idea. Then having the wife stay home with the kids wasn’t a great decision either. She needs to work part time or night time.
@thejakelegion yeah some things are more important... like being able to afford giving your child an at least middle income life. Theres more to having a kid than popping one out. How about some financial planning first?
Children are gifts from God and the future of our country.
I’m 25 and trying to save for a car. Know what I won’t do? Have a damn child 😭
Or take out a loan at 41% interest. 😂
Smart!
Go away
Maintance Manager 😂 They give him such a title so he will feel a special and accept the low pay
The kids are not the problem, neither is the stay at home mom. It's the other decisions with money are bad. We have 4 kids, i stay at home he makes 48 a year and we lack for nothing.
These people are breeding?
These folks earn 1/3 of what I do while having a better car than me 🤦🏿♂️
At 0:42- Dr. John- "You gotta make more money, brother." Well DUH! Reminds me of a scene on "Big Bang Theory" where Sheldon said basically the same to Penney in his classic clueless fashion! Penney deadpan replies- "Yes, it occurs to me, too!"
Don’t get me wrong this guy is not the example to follow but some people can make it on less than 40k a year. Not everyone wants to be a millionaire by the time they are 40. I personally just want to live a comfortable debt free life and have flexibility in my day to day. I’m putting a little money in a Roth IRA so hopefully everything keeps working like it is and I can retire with enough to live on. That’s the goal that some have in life. To comfortably enjoy life.
The wife needs to get a side hustle, she can do work from home customer service or teach English online. I disagree with John telling she needs to go back to work full time though. Once they get done paying childcare for 4 kids her salary would be gone.
Is 41% actually legal???
Stop spending money and stop having kids
Amp-u-tate the TAHOE!
It's actually hard to make only $40k working full time in 2024....but working 40 hours? Why? I hardly ever do this in my 50s. Work more.