He Gambled Away a $100,000 HELOC!

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  • Опубликовано: 27 авг 2024
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Комментарии • 864

  • @mikeo8890
    @mikeo8890 Месяц назад +530

    He didn't lose the loan, just the money!!!

    • @killsmoky2899
      @killsmoky2899 Месяц назад +16

      This is hilarious 😂

    • @little_thebodyguard3032
      @little_thebodyguard3032 Месяц назад +12

      Wow good comment lol

    • @siva47931
      @siva47931 Месяц назад +13

      He needs to double down

    • @vids4791
      @vids4791 Месяц назад +6

      True. HELOC is a line of credit. You can use it repeatedly...as long as you repay it 😂. Might take this guy a minute.

    • @johngreen6521
      @johngreen6521 Месяц назад

      Them people still want they money

  • @garyb7563
    @garyb7563 Месяц назад +135

    I love how Dave has no facial reaction to gambling away $100,000, he’s heard it all

  • @PersnameLastname
    @PersnameLastname Месяц назад +133

    This is why Dave cannot retire. Raw, unfiltered straight to the point advice.

  • @RJ-cv2uw
    @RJ-cv2uw Месяц назад +101

    I was having a shitty day, after listening to this episode it turns out my day ain't that bad at all, not too bad 😂

  • @hestiaa9354
    @hestiaa9354 Месяц назад +132

    Divorce him and move on. He won’t change. He doesn’t think there’s anything wrong with him.

    • @abark
      @abark Месяц назад +5

      She isn't blameless. She was all in on this bad idea too. And no job.

    • @LiquiProductions
      @LiquiProductions Месяц назад +19

      Why is divorce the best solution? Why not help your partner overcome their vices and struggles to succeed together? Marriage vows mean nothing these days

    • @hestiaa9354
      @hestiaa9354 Месяц назад +7

      @@LiquiProductions If she is being truthful, it doesn’t appear that the spouse is willing to take the necessary steps to deal with his issues. She suggested he seek treatment for his gambling addiction. He refused. He thinks he can just stop-which is rarely the case with addicts. He doesn’t seem to be all that remorseful about what he did-if you believe her version of what’s going on. He’s sinking in quicksand and he’s going to drag her down with him if she doesn’t take action to protect herself and her child(ren). Perhaps if she files, it will give him the impetus to face his addiction and get help.

    • @mikezerker6925
      @mikezerker6925 Месяц назад +2

      Easier said than done… divorce takes money in the form of lawyers fees. After divorce what then? A single mom with no job and a 3 yo child? If you couldn’t trust the hubby while married how could you trust him to pay any alimony or child support after the divorce… she’ll have to get a job to pay for daycare and pay for another home/apartment on top of paying back that HELOC and CC debt… divorce will just make things worse than they already are in her situation.

    • @silvernoob1603
      @silvernoob1603 Месяц назад +2

      she has no income.....

  • @lorieweyrick281
    @lorieweyrick281 Месяц назад +233

    We owned a construction company..One day my husband told me we're BANKRUPT!! He stole all our money. He left me and the 2 kids and left the country for 1.5 years. He hid our money from me.
    I divorced him 2004 and never regretted it. I'm doing fine now.

    • @angryox3102
      @angryox3102 Месяц назад +17

      Why would you regret divorce a man who left you high and dry? Seems like the obvious thing that most people would do.

    • @Lugnut64052
      @Lugnut64052 Месяц назад

      @@angryox3102 ? She said she never regretted it.

    • @NELSONLOPEZ-iy3np
      @NELSONLOPEZ-iy3np Месяц назад +3

      Am happy for you 😊

    • @rbellamy804
      @rbellamy804 Месяц назад

      ​@@angryox3102 she said she never regretted it. What are you talking about?

    • @justinebailey5333
      @justinebailey5333 Месяц назад

      I hope you fought that. See this is why I'll never go into business with a man. I would also never put my financial freedom in no man's hands. Wife's stay getting screwed because they don't want to ask about the books or think they should just let the man lead because he has a penis

  • @beaniemac
    @beaniemac Месяц назад +307

    The first time I went to a casino and lost like $100, was enough to make me never wanna gamble again😂

    • @Lugnut64052
      @Lugnut64052 Месяц назад +10

      Gambling has never been a problem for me, but my wife loves slot machines. We set a limit of 20 bucks, which she burns on penny slots, once in a while. Cheap entertainment, I guess, and she hasn't become an addict.

    • @zombicidalmatt
      @zombicidalmatt Месяц назад

      @@Lugnut64052 That was my wife and I's limit too, just $20, 3 times in the last 5 years, cheap slots to smile at, we would be high on weed and drinking a little bit, the $20 was just for entertainment, although if we went up to $100, we would have stopped and used the cash on a great meal. People watching in a casino while on edibles is far more entertaining than gambling yourself

    • @r.rodriguez4991
      @r.rodriguez4991 Месяц назад

      ​@@Lugnut64052 What kind of entertainment is that? That's wild. Most people do something that's actually fun. Slot players sit in front of a machine putting coins in waiting for the machine to give them back a little dopamine hit to make them think they're having fun.

    • @krugcpa
      @krugcpa Месяц назад +20

      I have never understood why so many feel it is fun to lose money.

    • @kevinerosa
      @kevinerosa Месяц назад +6

      I like the table games, and yes, it's 100% stupid. I set a limit and move on. But I definitely would not recommend it to anyone who has addictive personalities. Like my dad always said, an addict doesn't care about winning small. They care about losing big.

  • @AStanton1966
    @AStanton1966 Месяц назад +7

    New motto: The house always wins while you lose your house.

  • @MaryAnnCarlo
    @MaryAnnCarlo Месяц назад +134

    What was the necessity for the whole risk of 100k on a slot machine another what’s the whole heloc thing about I’m curious

    • @bpcchuks3421
      @bpcchuks3421 Месяц назад +21

      A home equity line of credit (HELOC) is a loan that allows you to borrow, spend, and repay as you go, using your home as collateral.

    • @bpcchuks3421
      @bpcchuks3421 Месяц назад +17

      And it works perfectly because I'm still in shock how I was able to raise so much money from my house and still owned my house I guess many are yet to discover this I think Ramsey should make a current video about this kind of updates that's my little opinion actually.

    • @HailiangGow
      @HailiangGow Месяц назад +4

      How's that even possible lol l'm confused right now because you already said much money from your house and still owned the house didn't you sell it for the money?

    • @oscarshabo1686
      @oscarshabo1686 Месяц назад

      @@HailiangGow exactly my thoughts lol isn't that some kind of magic lol

    • @bpcchuks3421
      @bpcchuks3421 Месяц назад +4

      Yes it's 100% possible and currently working for the US citizens I'm from California and I tell you it's actively working you just have to know the right ways to go about it. Information is power my dear.

  • @mominthe209
    @mominthe209 Месяц назад +37

    You can’t help an addict that refuses to admit he/she is an addict. It is not your fault, it is theirs. An addict will drain you of every penny and leave you feeling that it as your fault. You know in your heart if it’s time to move on. My ex is laying in the ICU dying of liver disease. It’s been three decades since our divorce. I cried for the life he threw away and that it’s just too late in this lifetime.

    • @babytexan3038
      @babytexan3038 Месяц назад +3

      I'm so sorry. 😞

    • @brendalabranche365
      @brendalabranche365 13 часов назад

      But she knew he was addicted to drugs & gambling.. and gave him full access to 100,000. - of course he blew it. How is this not HER fault for allowing someone to abuse her own child ( ie put them into debt and likely poverty). 100% her fault for along this man to do this

  • @brendaclark3234
    @brendaclark3234 Месяц назад +34

    You didn't HAVE to tolerate it. You just DID.

    • @ewidontlikeyou
      @ewidontlikeyou Месяц назад +4

      yeah, women need not to be so desperate to not be single...

    • @mikezerker6925
      @mikezerker6925 Месяц назад

      @@ewidontlikeyouthey choose poorly

  • @firegirljen
    @firegirljen Месяц назад +44

    Sober person here talking. Been sober going on 15 years. People often transfer their addictions. You may stop drinking and pick up something else which sounds like happened here. My heart goes out to this woman.

    • @MountainsArePretty1234
      @MountainsArePretty1234 Месяц назад +3

      Congratulations. That's incredible. I am only on day 34 of sobriety lol. However I do appreciate it very much 🙌🙏

    • @firegirljen
      @firegirljen Месяц назад

      @@MountainsArePretty1234 that’s great! The journey of 1000 miles starts with a single step. It was hard for the first year and definitely. I had some false starts, but now I don’t even think about it.❤

    • @MountainsArePretty1234
      @MountainsArePretty1234 Месяц назад

      @@firegirljen Thats awesome. Congrats.

    • @MountainsArePretty1234
      @MountainsArePretty1234 Месяц назад

      @@firegirljen I once did over 2 years of sobriety. Then idk what the crap happened but it got ruined 😥

    • @firegirljen
      @firegirljen Месяц назад

      @@MountainsArePretty1234 same, same. It’s ok tho!

  • @KathleenMcNe
    @KathleenMcNe Месяц назад +84

    I miss the days when people would call radio shows on a clear landline instead of a crappy cellphone.

    • @John3.36
      @John3.36 Месяц назад +5

      25 years ago?

    • @gardenofe12
      @gardenofe12 Месяц назад +1

      I know she sounds terrible and not clear.

    • @SLOBeachboy
      @SLOBeachboy Месяц назад +2

      Actually we have no way of knowing whether or not she is taking on a cellphone and the truth is that cell phone call quality these days is pretty much identical to landline calls 99% of the time. It's not like the old days in the late 90’s and early 2000's when dropped calls or bad call quality was just an accepted fact of life when using a cell phone. Furthermore, pretty much all “landlines” these days go through the internet so if you are having trouble with your internet connection it can also cause you to drop the call or have bad call quality. And another downside to this set up is that if the electricity goes out your “landline” phone also goes out. In the old days with conventional landlines your phone still worked when the power went out but not today. And lastly, let's not forget that pretty much every person with a landline still uses a cordless phone to access that landline and the wireless signal from the handset to the base unit can also cause problems sometimes. The point is, there are a whole lot of things that could have led to the poor call quality of that call.

    • @1stTnetix
      @1stTnetix Месяц назад

      @@SLOBeachboybro….. she didn’t even come and read this you played yourself man, so smart you ended up dumb🫤

    • @matusala8322
      @matusala8322 Месяц назад

      The landline phone don’t have high traffic. Cellphone towers get jammed that’s why they drop calls even this days.
      The landline phone in your house with wireless handset can’t drop calls because it’s not sharing signal with anyone.

  • @PepeToTheMooon
    @PepeToTheMooon Месяц назад +254

    He didn’t lose it. He threw it away. She needs a divorce asap!

    • @siva47931
      @siva47931 Месяц назад +5

      Did you lose or throw away the money you put into crypto?

    • @schawnettarobinson8584
      @schawnettarobinson8584 Месяц назад

      No

    • @amydoran9987
      @amydoran9987 Месяц назад +3

      Irresponsible

    • @flashgordon6510
      @flashgordon6510 Месяц назад

      @@siva47931 I hope you're not comparing crypto to gambling. The house also wins. I've never invested in crypto, but I can see the difference between those things.

    • @miketheyunggod2534
      @miketheyunggod2534 Месяц назад

      🙄.

  • @mynamemeanssweet
    @mynamemeanssweet Месяц назад +34

    $1000.00 mortgage payment to $3200.00 😡

    • @mattheauperry8358
      @mattheauperry8358 25 дней назад +3

      People are always looking to make the most amount of money they can :/ even at the expense of someone else just being able to afford a place to live.

    • @geralddrolet1
      @geralddrolet1 3 дня назад +1

      People like her wanting to rent her $1000 a month house for more than double that is greed and fueling the housing inflation problem.

  • @KingStixGaming
    @KingStixGaming Месяц назад +26

    gambling is a cancer

    • @GAFB1122
      @GAFB1122 Месяц назад +4

      No gambling is an addiction that weak people succumb to.

    • @jmorris023
      @jmorris023 7 дней назад

      Tell that to a cancer patient.

  • @carterwgtx
    @carterwgtx Месяц назад +70

    Addiction is a terrible thing. I hope this is her husbands rock bottom and he begins to heal. He already devastated his family’s finances, and he is about to lose that too. Sad situation.

    • @Azel247
      @Azel247 Месяц назад +13

      He said he doesn't have a problem. Based on that denial, he hasn't hit rock bottom yet.

  • @danielrn133
    @danielrn133 Месяц назад +128

    Anyone who says "I am going to keep it short" means it will be a long call.

  • @dphunk87
    @dphunk87 Месяц назад +64

    As someone who has been sober as a judge and in recovery for almost 12 years, I agree totally with Dave.

    • @robira1313
      @robira1313 Месяц назад +3

      I'm drunk and I still agree with him.

    • @xlerb2286
      @xlerb2286 Месяц назад +2

      12 years, that's an achievement. More power to you.

    • @jeraldbottcher1588
      @jeraldbottcher1588 Месяц назад +1

      I've been sober for over 35 years. The only time I (we- my wife and I ) go to a casino is to see a show. When we do that we will bring a couple hundred dollars to blow at the slots or blackjack. Usually lose it , but we only bring what we are comfortable losing and do not bring debit or credit cards with us. And I also agree with Dave

    • @nychris2258
      @nychris2258 Месяц назад

      What makes you think judges are sober?

  • @navigator72
    @navigator72 Месяц назад +135

    Addicts will trade one addiction for another. This dude needs professional help.

    • @ToOpen6seven
      @ToOpen6seven Месяц назад +4

      He needs Jesus Christ!

    • @notnoah154
      @notnoah154 Месяц назад

      ​@@ToOpen6sevenNot the case for a large percentage of addict's.

    • @sheneathahollowell2750
      @sheneathahollowell2750 Месяц назад +2

      Exactly. He has to resolve the underline issue to get past it

  • @blackspiderman1887
    @blackspiderman1887 Месяц назад +103

    I didn't realize a 3 year old took up that much space. If you want a bigger house that's fine but don't use one child as an excuse

    • @llcross04
      @llcross04 Месяц назад +10

      A 3 year does need their own room if they are sharing with the parents. Or if the next older sibling is opposite gender

    • @reese85
      @reese85 Месяц назад +7

      That’s not an excuse? Kids take up a lot of space

    • @jonathanmott7434
      @jonathanmott7434 Месяц назад +2

      Reasons I don't have them, I'm rich!!! Lol

    • @thezeddy
      @thezeddy Месяц назад +3

      Kids grow up lol

    • @blackspiderman1887
      @blackspiderman1887 Месяц назад +6

      @@llcross04 she only has one child. And they already live in a house which I'm sure already have more than one bedroom.

  • @flashgordon6510
    @flashgordon6510 Месяц назад +13

    Dave is completely right about this. I've been in this woman's position. Her husband MUST get into a step program and whatever other therapy is out there, and he must accept that working on addiction is a lifelong, every day project. He's in denial. Putting the burden of being his keeper on her is completely unfair. She'll be walking on eggshells and living in fear for the rest of her life if she stays with him, while he doesn't have to face what he's done and how he's hurt her and their child. The only lesson he's learning is to be sneakier about hiding his addictions and that if that doesn't work he knows she'll bail him out and fix his messes for him.

  • @stephenshivery2531
    @stephenshivery2531 Месяц назад +3

    Only thing I’ve heard wrong out of Dave’s mouth is “not be an addict anymore” no matter how long you’ve been recovering you are always an addict and it’s not something that is permanently healed without continued work. This guy needs a fellowship and God. Sober 3.5 years personally and the way he implied there is a permanent fix to addiction bugged me a bit. I love Dave and follow his plan, he has helped me rebuild my life but this one touched home.

  • @allisonautrey2136
    @allisonautrey2136 Месяц назад +43

    Omg. She needs to divorce that guy. I feel so bad for her.

    • @carpediem6431
      @carpediem6431 Месяц назад +3

      I just cringed when he said “how much does he make?” Answer: 80 grand “how much do you make?” Answer: pause. Pause, pause…. Well I’m a stay at home mom (no idea of finances, husbands stolen a 100k, husband lies, takes out multiple credit cards, mortgage from $1000/month to $3200/month because her husband doesn’t give a s$%t about her or their child) And she’s phoning a talk shoe for advice on what she should do and how she can “save her marriage.” Get the f-- out. Save yourself. Sadly she has no job, will have no house etc. number one reason why so many women stay in terrible situations. Hopefully she has a strong family.

    • @mplslawnguy3389
      @mplslawnguy3389 Месяц назад +1

      @@carpediem6431 Well, considering he made all the money, was it really stealing?

    • @MUCKFOOT⁶⁶⁶
      @MUCKFOOT⁶⁶⁶ Месяц назад

      ​@mplslawnguy3389 yeah, no one wants to work,

    • @mikezerker6925
      @mikezerker6925 Месяц назад

      @@carpediem6431yup… she’s screwed either way… if she stays she can try to make him change his ways but only realistically has a 10% chance of success, and if he doesn’t change he will lose everything.
      If she divorces, she becomes a single mom with no job and likely a deadbeat ex who’s not going to pay any alimony or child support since he likely gambles it all away, plus she’ll have to pay for housing, daycare and pay back that HELOC and CC debt if any of it has her name on it!
      Terrible situation!

  • @MablePauls
    @MablePauls Месяц назад +319

    I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
    ..

    • @SirBenjamin-oq1wd
      @SirBenjamin-oq1wd Месяц назад

      Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.

    • @Manselus-mn1mn
      @Manselus-mn1mn Месяц назад

      Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.

    • @Cinthia-gk3ip
      @Cinthia-gk3ip Месяц назад

      Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

    • @Manselus-mn1mn
      @Manselus-mn1mn Месяц назад

      Angela Lynn Shilling is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @Cinthia-gk3ip
      @Cinthia-gk3ip Месяц назад

      I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

  • @rickenbacker472
    @rickenbacker472 Месяц назад +3

    The longer you gamble, the more you lose. A very simple message to teach your kids.

    • @Naturefan354
      @Naturefan354 Месяц назад

      Exactly unless you're a professional poker player or something, it really isn't a gamble because the odds are in the houses favor and you will lose majority of the time!

  • @stephengamber6233
    @stephengamber6233 Месяц назад +19

    David calm and understanding. Wise.

    • @robira1313
      @robira1313 Месяц назад +1

      You'd be calm and understanding too if you were worth $200 million.

  • @lloydlagera6621
    @lloydlagera6621 Месяц назад +15

    I feel so bad for this woman and will be praying for her. People don't deserve this.

    • @robertblaney5033
      @robertblaney5033 Месяц назад +3

      Why pray for her ? God doesn’t fix gambling debts

    • @iloveamerica3917
      @iloveamerica3917 Месяц назад +1

      People deserve the results of their choices. Both the husband made his choices and she made hers.

    • @MUCKFOOT⁶⁶⁶
      @MUCKFOOT⁶⁶⁶ Месяц назад

      she doesn't work, she wants free money. you feel sorry, wtf.
      you are trash

    • @jmorris023
      @jmorris023 7 дней назад

      Prayer is proven to work at that exact same percentage as chance, meaning it has no effect at all.

  • @laurenh906
    @laurenh906 Месяц назад +56

    Slow down girl, you're not getting a new house. There are bigger issues here that need to be addressed.

    • @MUCKFOOT⁶⁶⁶
      @MUCKFOOT⁶⁶⁶ Месяц назад +1

      yeah like getting a job

    • @GoKU-xx2vg
      @GoKU-xx2vg 25 дней назад +2

      She said that was the plan before all this came out. Try to keep up ok.

  • @TugbaDeniz-i7u
    @TugbaDeniz-i7u Месяц назад +337

    Norman Vitalii turned my small investments into a solid financial base. I’ve expanded my gym and added new classes. Fun fact: I’m now training for a triathlon!

    • @nrqed
      @nrqed Месяц назад +5

      Seems like that Vitali scammer paid for bots to give him false publicity

    • @EsiriE
      @EsiriE Месяц назад +1

      @@nrqedright! These comments are soo annoying. Just report them all as spam.

  • @TRC19999
    @TRC19999 Месяц назад +43

    Divorce him today!

    • @TonyCox1351
      @TonyCox1351 Месяц назад +4

      I thought it couldn’t get any worse, then we hear he already went to rehab in 2018, and they’ve got a 3 year old together…couldn’t get any more bleak

  • @MrMustangrick
    @MrMustangrick Месяц назад +52

    “He does slot machines”. LMAO

    • @chnsx7
      @chnsx7 Месяц назад

      I just smh 🤦🏻‍♂️

    • @Josh-lp2ng
      @Josh-lp2ng Месяц назад +9

      Habitual gamblers are all losers. A poker player or someone who bets on sports isn’t any better than someone who plays slots.

    • @Drkbardockssj
      @Drkbardockssj Месяц назад

      @@Josh-lp2ngyeah slot players are idiots. The others are stupid lol

    • @micker9830
      @micker9830 Месяц назад

      Couldn't be a more sucker, old lady way to lose your money lol.

    • @javaskull88
      @javaskull88 Месяц назад

      Endorphin junkie getting high over the exciting sounds and lights of a machine. This is so awful.

  • @mojojojo8213
    @mojojojo8213 Месяц назад +32

    She needs to get a job and leave this man. This is y his first addiction that has affected his family.

    • @etiennedegaulle3817
      @etiennedegaulle3817 Месяц назад

      She's probably addicted to sitting on the couch at home. This didn't happen over night.

  • @PInk77W1
    @PInk77W1 Месяц назад +32

    The moment he said u can’t know about the finances is when u should’ve divorced him

  • @TurkerMehmet-e1x
    @TurkerMehmet-e1x Месяц назад +344

    Great, I lost over $48k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $90k profits weekly.Thanks so much *Norman Vitalii*

  • @maoak5470
    @maoak5470 Месяц назад +15

    @0.23 "...kept me in the dark about finances, won't allow access to any of the accounts..." 😮 Big red flag. Especially hearing later in the call that he has a long history of addiction.

    • @jeep19
      @jeep19 Месяц назад +1

      Yeah, the biggest losers are spouses who tolerate letting this happen.

  • @justinecorrington4106
    @justinecorrington4106 Месяц назад +10

    Her husband kept her from finances to hide his addiction. And now because they are so broke and in debt; he is trying to dump all the finances on her now.

  • @veeshoo2880
    @veeshoo2880 Месяц назад +27

    She doesn't realize her marriage is over. He refuses to get help and clearly can't handle addiction on his own and is eventually going to make them lose everything including their home. She doesn't work and there's a kid. It's over. It can be over now or it can be over after he's lost them everything, might as well walk now

  • @royh2618
    @royh2618 Месяц назад +34

    "pulled out money". Ma'am, you took a loan against your house. Use the correct terminology.

    • @catherinewilke5583
      @catherinewilke5583 Месяц назад

      @@curiouscat3384she would have had to sign for the Heloc also, jf she is on the title. So she did this too.

  • @reese85
    @reese85 Месяц назад +70

    They got bigger issues now. They can’t afford that 3k mortgage on just his 90k income

    • @thomasdalton1508
      @thomasdalton1508 Месяц назад +23

      Indeed. Being a stay at home parent is a luxury and they can't afford luxuries any more. She's going to have to get a job whether she stays with him or not.

    • @gregorypeterson9
      @gregorypeterson9 Месяц назад +10

      Divorce, bankruptcy and start over.

    • @justanoman6497
      @justanoman6497 Месяц назад

      @@gregorypeterson9 I don't know if bankruptcy is appropriate here.
      HELOC, afaik, are only given when you have net equity such that HELOC plus mortgage is less than value of the house, thus meaning there still should be net equity. Those are secured loans against the house. This means for ch7 the home and the loans are a package deal, you either keep both(the house and the loan) or lose both. Now, a ch 13 would restructure debt and potentially reduce monthly payment, but that tend to be marginal when it comes to secured loans like this and carry its own risk--you must make the payment plan promised, or it fails and can proceed with repo(for secured loans). And.... well.. I don't trust the husband not causing a missed payment somehow down the line.
      So it would depend on whether they have any other significant debt. They did mention a 7k credit card, but if that's all there is to it, it's not worth going through bankruptcy. They might be better off voluntarily liquidating the house and rent instead.

    • @Josh-lp2ng
      @Josh-lp2ng Месяц назад +5

      @@gregorypeterson9she may not be bankrupt, there may be enough equity in the house to pay their debts and move on with her life. In any case, she’s going back to work and things aren’t going to be the way they were.

  • @shawncho5217
    @shawncho5217 Месяц назад +34

    This is so sad. We all know how this ends

  • @Themoomabides
    @Themoomabides Месяц назад +25

    Marriage sounds amazing.

  • @djpuplex
    @djpuplex Месяц назад +111

    Slots are the worst kind of gambling No way you are gonna win.

    • @Lonovavir
      @Lonovavir Месяц назад +12

      If you're going to gamble it's best to just go to the roulette table and put all your money on red. If you lose walk away, if you win cash out and walk away.

    • @signedbookcollector3408
      @signedbookcollector3408 Месяц назад +3

      One armed bandits

    • @UpYourArsenal
      @UpYourArsenal Месяц назад

      ​@@Lonovavir"Ten thousand dollars! 31... black..."

    • @zixinnie9796
      @zixinnie9796 Месяц назад +2

      In Chinese slot machines are called tiger machines, because they eat all your money

    • @Primitive_Code
      @Primitive_Code Месяц назад

      They're better than tables especially roulette. But only higher denom slots.

  • @VolkanAyse-j5z
    @VolkanAyse-j5z Месяц назад +237

    Norman Vitalii’s guidance has been invaluable in managing my startup’s finances. I never thought I’d be able to double my investments in just a year!

  • @MustafaCumhur
    @MustafaCumhur Месяц назад +237

    Balancing work and kids is tough, but Norman Vitalii made investing simple and effective for me. My daughter and I are planning a trip to Disney World next year!

    • @AStanton1966
      @AStanton1966 Месяц назад

      CD's are now paying 5%; that's a no brainer.

  • @blas8866
    @blas8866 Месяц назад +42

    Remember, Dave always says being a landlord is a rich man’s game. You could not afford to play that game.

    • @reese85
      @reese85 Месяц назад +3

      It’s not a rich man’s game! Just gotta be smart with it

    • @macneoh7418
      @macneoh7418 Месяц назад +5

      Is that the main point you took away from this call.? Your comment was the most pointless thing I've read in a long time.

    • @Jake-pf4kv
      @Jake-pf4kv Месяц назад +1

      That was the first mistake😂

    • @hellothereyouall
      @hellothereyouall Месяц назад +7

      Taking out a heloc, to a 3k a month mortgage, to buy a new house with a mortgage, to rent the house for 2300. Expenses to fix on two houses…. Math makes no sense. He just wanted the money to gamble. He never intended to buy a new house and be a landlord

  • @davinasquirrel7672
    @davinasquirrel7672 Месяц назад +2

    That poor woman, my heart goes out to her. Nothing will improve until he acknowledges he has a problem, and he does not think he has. And she is calling from Vegas, with a gambling addict husband - that is like putting a drunk in charge of a brewery! She needs to get out now, before he ruins her even more.

  • @MustafaErgun-m1y
    @MustafaErgun-m1y Месяц назад +136

    Even as someone in the finance sector, I was blown away by the insights from Norman Vitalii,, I recently adopted a puppy with my extra earnings!

  • @kingmemf4002
    @kingmemf4002 Месяц назад +33

    When Dave hits you with the how can I help you today" mid conversation you on the clock because he's highly annoyed 😂😂

    • @thomasdalton1508
      @thomasdalton1508 Месяц назад +8

      @@kingmemf4002 It was a fair question. Other than offering sympathy, it wasn't clear what advice they could offer.

    • @user-lf2lf6wy4z
      @user-lf2lf6wy4z Месяц назад

      Which is rather insensitive, in my opinion, and just adds to her trauma. This - coming from a "Christian"

    • @thomasdalton1508
      @thomasdalton1508 Месяц назад +12

      @@user-lf2lf6wy4z It's an advice show. She wasn't asking for advice and was just sharing her story. At some point, he has to bring it to a conclusion.

    • @AnthonyMcNeil
      @AnthonyMcNeil Месяц назад +1

      ​@@user-lf2lf6wy4z Again, what advice did she want?

    • @kingmemf4002
      @kingmemf4002 Месяц назад

      @@AnthonyMcNeil she called a show to tell her if she should divorce her husband or not 🤣 these people dumber than farm animals but it's so entertaining

  • @stephengamber6233
    @stephengamber6233 Месяц назад +24

    Gambled away $100,000 but "doesn't have a problem". Sounds like someone who definitely is in denial.

    • @corey407woc
      @corey407woc Месяц назад +1

      He’s due, he’s bound to hit soon though I would keep gambling

    • @jmiyagi12345
      @jmiyagi12345 Месяц назад +2

      “I don’t have a gambling problem, I have a money problem.”

    • @larryo6874
      @larryo6874 Месяц назад +2

      Just like people who drink a bottle of whisky and day and say they don’t have a drinking problem.

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 Месяц назад +1

      @@corey407woc The logic of a failed human being.

    • @corey407woc
      @corey407woc Месяц назад

      @@amireallythatgrumpy6508 you sound like you never hit it big

  • @dougkoontz1752
    @dougkoontz1752 Месяц назад +3

    I guess there has to be people in this world that make the rest of us look better.

  • @queen.kristal8395
    @queen.kristal8395 Месяц назад +18

    file for divorce and force the sale of the house to get out of the loan. get a full or part time job, get full custody and take care of your child.

    • @alexiscook607
      @alexiscook607 Месяц назад

      That’s not the always the answer.

    • @queen.kristal8395
      @queen.kristal8395 Месяц назад +2

      @@alexiscook607 yes it is the answer I learned from family members it’s not worth staying in a bad marriage and I certainly would not buy another house 🏠 with him.its better to start over

    • @thomasdalton1508
      @thomasdalton1508 Месяц назад +3

      That may be the best option she has, but it isn't going to be easy. Hopefully there is enough equity left in the house to pay off the credit cards as well, but she'll still be starting from absolute zero financially. If he's making $90k, child support will only be about $1k a month. That won't go very far. She'll probably need a full time job if she wants more than a very basic standard of living for her and her child.

    • @queen.kristal8395
      @queen.kristal8395 Месяц назад

      @@thomasdalton1508 I agree

    • @rickm6076
      @rickm6076 Месяц назад +3

      Divorce is an answer for addiction because addiction is ultimately a choice. He did not find out that he has a rare blastoma due to genetic bad luck. Addicts have to choose to change, that's the first step. It's a choice. He gets to choose if she's more important or his preferred addiction. He has made the choice

  • @relaxingwithnature2201
    @relaxingwithnature2201 Месяц назад +1

    Dave is absolutely right. Every addict that I saw at the hospital was 💯 what Dave described.

  • @BigMoney23223
    @BigMoney23223 Месяц назад +2

    I listened to a podcast recently, the guest brought up something I never thought about. Ever notice there are no balconies on 99% of hotels in Las Vegas? I think there’s like 1/2 hotels left that actually have a balcony, but give it time it’ll be every hotel. Hotels don’t want to bad press of gamblers ending their misery after a bad weekend at the casino. It’s so fricken sad what casinos do to people, the hire the smartest people in the world to engineer their risk in their favor.

  • @jallen61897
    @jallen61897 Месяц назад +5

    Gambling addiction living in Las Vegas…oh the irony

  • @jxecho1192
    @jxecho1192 8 дней назад +1

    They have the math skills of a 5 year old. They took out a heloc to rent out their house at $2300 and the heloc brought their monthly payment up to $3200. So their brilliant plan was to lose $900 a month.

  • @cespool
    @cespool Месяц назад +40

    That's the cold hard facts of living life with an addict

  • @ljohnson4619
    @ljohnson4619 Месяц назад +16

    People with addiction issues usually have more than one addiction. They will steal, lie, cheat, manipulate, and abuse to protect the addiction. My ex blew through $200,000 from the sale of a home in ONE year. His ideal of getting help was to talk to a pastor once. He really didn't want help or even intended to get help. He continues in the same behaviors to this day.

  • @BunkMasterFlex77
    @BunkMasterFlex77 Месяц назад +3

    Husband sounds like he would be a great fit for congress.

  • @Pops1020
    @Pops1020 Месяц назад +7

    99% of gamblers quit right before they hit it big

  • @janhatcher6991
    @janhatcher6991 Месяц назад +8

    if he does not want help, then you need to divorce him and sell the house and move on.

  • @schawnettarobinson8584
    @schawnettarobinson8584 Месяц назад +43

    She can’t divorce him. She doesn’t have any money.

    • @sblijheid
      @sblijheid Месяц назад +9

      This is America. Any judge will order him to give her money.

    • @flashgordon6510
      @flashgordon6510 Месяц назад +19

      @@sblijheid He won't have it to give. Can't get blood from a turnip. She needs to get to work right away and start planning to be on her own.

    • @steve.2784
      @steve.2784 Месяц назад +2

      The judge will order him to pay her attorney fees and give her money.

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 Месяц назад

      @@sblijheid Any judge would keep the money. You do realise that the court KEEPS that money.

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 Месяц назад

      @@steve.2784 The court keeps the money, Steve.

  • @HedgeFundAnalyst
    @HedgeFundAnalyst Месяц назад +1

    100% of addicts DO NOT end up broke, much less dead. There are a lot of things you can be addicted to, some of which are actually quite healthy.

    • @bpcchuks3421
      @bpcchuks3421 Месяц назад

      Follow the above instructions if you’re a longtime subscriber!

  • @TheSerenation
    @TheSerenation Месяц назад +1

    If you dont understand the odds in the games you play then you will lose 100% of the time. Addicts never think about the math, just the emotions.

  • @mjj8560
    @mjj8560 Месяц назад +4

    Divorce or not the debt is still in her name as well

  • @lizr5287
    @lizr5287 Месяц назад +16

    Leave this guy

  • @nrqed
    @nrqed Месяц назад +2

    If the caller had been the man in a couple, Dave would have blamed him for not keeping track of the money and letting his 'poor' spouse handle all the money

    • @davinasquirrel7672
      @davinasquirrel7672 Месяц назад

      Rubbish. His advice to everyone, male or female, when married is shared and fully transparent finances and decisions. Unless, one party has an issue (gambling, spending) and that person gets restricted. That same advice is given regardless of which one is doing it. Stop projecting your own personal biases, makes you look stupid.

  • @JPerez-xm8yh
    @JPerez-xm8yh Месяц назад +7

    I feel for her. I was in a 3 year relationship and later found that my bf at the time was an addict and went on an addiction binge. With my money! He took my bank card w/o my permission. I loved him but I knew I couldn't compete with a ghost. So I left. Cried for a time and healed. You will heal too

    • @zvmZvm0102
      @zvmZvm0102 Месяц назад

      You're responsible for your actions. You got exactly the man you deserved. You choose him lady.

    • @user-yf6cd9bb8t
      @user-yf6cd9bb8t Месяц назад

      Did you take him to court and put him in jail? That is the best thing you can do for yourself and him.

  • @joejohn.
    @joejohn. Месяц назад +3

    Location: Las Vegas

  • @tvelis513
    @tvelis513 Месяц назад +6

    So the plan was to use a HELOC as a down payment on a second home so they could use the first property as a rental which doesn’t cover the first mortgage and HELOC?!?

    • @megalodon1726
      @megalodon1726 Месяц назад +4

      They weren't accounting for the HELOC expense. They just thought "the mortgage is only $1000 a month!"

    • @logdon17
      @logdon17 19 дней назад

      Clearly the husband got the HELOC as a piggy bank to gamble and lied to the wife about getting a bigger house.

  • @dalethompson6952
    @dalethompson6952 Месяц назад +3

    You can’t even afford a divorce.

  • @percivalgooglyeyes6178
    @percivalgooglyeyes6178 Месяц назад +7

    He's a Vegas gambling man - that's what attracted Jill to him in the first place. A drinker and gambler is what he is.

  • @DebtFreeDad
    @DebtFreeDad Месяц назад +2

    Him gambling is a problem but willful blindness is a problem too.

  • @texdevildog9174
    @texdevildog9174 5 дней назад

    First step to any addiction, Admit that you have a problem that you cannot solve on your own. He is not there yet.

  • @janeoleary8454
    @janeoleary8454 Месяц назад +1

    I know something who bought a home in 1970 for $50,000. She still owes over $200,000 because her husband did this. He's dead now

    • @marklefkowitz4385
      @marklefkowitz4385 Месяц назад

      You know something, or you know someone, genius?

  • @scoobie8amg
    @scoobie8amg Месяц назад +2

    Last time I went to the casino I lost $6 and made $0.52. That was enough for me.

  • @smcg1938
    @smcg1938 Месяц назад +13

    Slots and lottery tickets are the worse.

    • @sblijheid
      @sblijheid Месяц назад +2

      Yup. My father does both and he's always broke.

    • @robira1313
      @robira1313 Месяц назад +2

      Yeah, at least play blackjack where you have half a chance!

    • @weirdo1060
      @weirdo1060 Месяц назад

      @@robira1313 Blackjack is getting worse. 6:5 payout is making the game as bad as slots.

    • @geralddrolet1
      @geralddrolet1 3 дня назад

      I know people who are addicted to lottery tickets and when they get paid they go crazy on the tickets but when bills come due every time without fail they beg me and other people to bail them out of their self created mess. They get very pissy when I give a loan and explain it’s a loan and then look for every way to burn me and not pay me back. They give every excuse in the book to fuel their addictions. They will guilt trip you and abuse you and make it out to others that you are a bad person and they will even threaten you with violence and stuff. It’s just not worth dealing with people with those kinds of addictions.

    • @smcg1938
      @smcg1938 3 дня назад +1

      @@geralddrolet1 reverse it on them. Tell them you have the itch and need help. Hahaha 🤣

  • @TheSilentStryke
    @TheSilentStryke Месяц назад

    I know someone that bought a house maybe 20-25 or so years ago, with a 100k loan,
    That loan for the same house is now 500k, earns insane money, gambles it all away, it just makes my blood boil when there are genuine people that could use that money sensibly and live a great life when the ones that earn good money just choose to throw it away and work till death.

  • @patienceISavirtue75
    @patienceISavirtue75 27 дней назад

    I used to be married to a gambling addict. Gambling addiction destroys families and their livelihoods. This is not the “worse” in “better for worse” the marriage vows was referring to.

  • @javaskull88
    @javaskull88 Месяц назад +1

    Don’t EVER let another person have this much control over your family finances! Watch out for controlling or secretive behavior before you tie the knot.

  • @D.Wagner2
    @D.Wagner2 Месяц назад +3

    $100k in slot machines!?! Dear lord.

  • @tjmichael8773
    @tjmichael8773 Месяц назад +7

    she likely has codependency issues. she should seek help for herself.

  • @michaelcaligiuri9781
    @michaelcaligiuri9781 Месяц назад +2

    Believe me, im not perfect and made my fair share of financial mistakes but this is bizarre - I have no words.

  • @fdadrtrttewrt
    @fdadrtrttewrt Месяц назад +4

    This is why I dislike gambling. Its a very exploitive activity run by people of low character. I have heard a lot of these stories. You can say its the addicts fault but the casinos know that a certain percentage of people will become addicts and they manipulate them to get every penny. I think there are a lot better ways to make a living.

  • @jasonk446
    @jasonk446 Месяц назад +1

    People love debt. I'm saving up for my next vehicle as my current one won't last. The girlfriend is saying I should just finance it like everyone else. I currently have zero non mortgage debt and would like to keep it that way. It feels great no owing.

  • @scottsmith5623
    @scottsmith5623 Месяц назад +2

    As a person with an addictive personality, (14 1/2 yrs sober, thank you) I was never drawn to the casino, as the wife is a regular, and limits herself to $40 loss then she’s outie… I was actually… scared? to go due to my addictive past… but went with her one day. Well… I found out VERY QUICKLY… that I absolutely, positively HATE losing my very hard earned money..lol. So I feel safe accompanying the wife now, I just wonder around people watching and drinking their shitty free coffee ☕️.

  • @danielrom1216
    @danielrom1216 Месяц назад +1

    “He grambled it away” 😂😂😂

  • @stevenrunyon170
    @stevenrunyon170 Месяц назад +3

    He doesn't have a gambling problem He has a winning problem.

  • @chrismifflin3862
    @chrismifflin3862 Месяц назад

    I have a friend who ruined his life due to various bad choices. Embezzling money from his employers on two different occasions to play VLTs was right on top. This was 20+ years ago. Right now, he is living with his mother and her husband at the age of 56.

  • @norcofreerider604
    @norcofreerider604 Месяц назад +1

    Yup, totally agree with Dave here. IF he doesn't agree to get into counseling and completely turn control of the money over to her, she should leave him.

  • @jh1328
    @jh1328 Месяц назад

    “I’ll try to keep this short.”
    No caller has ever kept it short.

  • @nephetula
    @nephetula Месяц назад +3

    Sooner or later, about 75% of people who go through a treatment plan wind up going right back to old habits. Divorce is the only answer because you can't trust him anymore. Get a job, get out of this bad marriage, and start a new life.

  • @janethartmannjones4781
    @janethartmannjones4781 Месяц назад +1

    So much suffering, when the high is over the guilt and degradation the addict faces is crushing . Recovery requires facing that, not everyone is able to face that kind of pain. For the spouse, find an al-anon meeting to help you, addicts often get better when their loved one detach from the chaos.

  • @JDawgstwothousand
    @JDawgstwothousand Месяц назад +2

    Unfortunately what happens in Vegas is staying in Vegas

  • @xlerb2286
    @xlerb2286 Месяц назад +1

    I am so thankful that while my wife and I are far from perfect (well, I am anyway ;) neither of us has had troubles with addiction. I've seen what it's done to friends. And yes, the phrases "I can quit anytime I want", "I can beat this on my own", "I don't have a problem" are all common and are all false.

  • @OziahPrime
    @OziahPrime 5 дней назад

    This is too simple. She called just to embarrass her husband. She knows this is grounds for divorce. She is looking for public validation. Smh, this is a private matter and its best to keep within the family and legal circle. Not a podcast show.

  • @janmrtns5903
    @janmrtns5903 20 дней назад

    Love how she’s calling from Las Vegas

  • @mistermister124
    @mistermister124 Месяц назад

    It's amazing how people like this have loving wives and girlfriends. There are many decent men without a spouse and out in the real world are smart, loving women who are devoted to junkies, gambling addicts, adulterers, thieves, liars, lazy bums. It's mind-numbing.

  • @mikeabel7577
    @mikeabel7577 27 дней назад

    There's no such thing as "not being an addict anymore". Once you become an addict, you're an addict for the rest of your life. The choice an addict must make is whether or not they're going to live as a recovering addict or not. Recovery is a lifelong process, you're never a recovered addict. One must put in the work, day in and day out.

  • @mikeberardi3985
    @mikeberardi3985 Месяц назад +19

    Sin is expensive !!!!