I'm In More Debt Than I Ever Thought I'd Be In!
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- Опубликовано: 14 окт 2024
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They went to school and now make less than someone who didn’t. Makes no sense
This was profound 👍🏽 you’re exactly right 🤦🏽♂️
That makes a lot of sense these days.
But they got a degree. degrees are everything according to society now of days. You aren't a somebody if you dont have a degree. lol
This my friend is what you call the matrix. Most people are programmed to get their degrees not really thinking about how they will pay their student loans back or how the interest accrued will make paying the loan over 10 years a tough task. People are more concerned with having a salary job that requires a degree than having an hourly position (CDL driver HVAC, etc)with overtime. Also colleges/universities teach you about everything but financial literacy. Its sad that the only college students that will learn anything about money are finance majors.
Children are taught by people with degrees to get degrees.
Not complicated
You don't need to be out of debt to start a family but it sure does help! So many callers are in debt with 2+ kids. Makes life much more difficult paying off debt while raising dependants!
We had kids when we were financially secure. We had some debt left, but very little.
Student loan debt. The destroyer of dreams.
Guarantee it was HER student loan debt, too...
$84K combined. That's they're fault.
And farting. They must be farting a lot
They took out the student loans. Not much sympathy for someone who consumed something on borrowed money, then doesn't want to pay it back. I waited to buy a house, car, start a family until the student loans got paid off.
@@tracygaluszynski1868 *their. Can't Americans speak English?
Yikes only 27 but already 200k in debt!!! Two people making only 84 k. Who is going to look after the baby or is one of them going to stay home.
Giving the go ahead to have kids when they are a financial mess 😂😂😂😂😂😂😂😂😂
Yea I was a little confused about that part. They need to clean up everything else and maybe start a family when they’re working on the student loan because that one is definitely gonna take awhile
Dave is an evangelical Christian he believes having kids is the most important part of life, he thinks you should have them no matter what
@@reesercliff ah I see
27, they may not be able to wait that much longer.
Things that are beneficial when having kids: No debt, owning a home, owning your car. Money DOES make a difference in your child's life whether people like to admit it or not.
Law enforcement and medical field jobs.. we are getting endless overtime !!!!!! Maxing out 80-120 hours a month in Los Angeles. I’m 28 and single parent. This is doable. Hustle. Stay motivated. Keep your head down .
But Los Angeles is expensive
@@PInk77W1 yes.. but I’m saying if we are able to sustain here, save, be financially free… anybody in any state can.
Maybe he or she can find a second job as a remote job with based out of LA with those LA wages
@@jbthedon9233 true
Horrible idea to start a family with that much debt. It's only going to make your life and your childs life difficult
I think these guys need a bit more Dave in them. It was good to support this caller emotionally, but Dave seems to get to the figures and timescales. And he gets there quick. So he gives hope through the numbers, and emotional support. These wo should have understand better the callers outgoings and then given him a number of months when he'd be debt free. Those are the things I like about this channel.
Totally agree. You have two opposing goals in this situation.
I also agree. Dave cuts right to the chase. Where has he been lately?
$84K combined? On $175K student loan debt? What's up with that? They should be making close to $200K with those loans.
Not if you go to school out of state for a poor ROI degree.
Guarantee his wife went to an expensive school for a garbage humanities degree so she can work an hourly retail job.
Yea, assuming the debt is equal down the line to half of that amount per person and the income as well, that means they paid almost 90K each in student loans to make 40K a year each which is asinine
One of them has a Masters in Lesbian Dance Theory . Very useful in these times.
Lol maybe gender studies.
Adding that baby ain’t gonna help with the financial stress I hear in your voice my man. Hours worked have to go down to raise a child.
Didn’t you used to be KC Burns investing?
And this is a “financial” show 🤡😂 without Dave this show is not the same at all
Their advice to start a family now is the worst advice I’ve ever heard.
@@pamt3915 it will save in IVF payments , add to motivation. I think they should do it
@@pamt3915Agreed!! 😳
I feel like both these ladies were too soft on this guy. If Dave were on, he would tell this guy his hair is on fire and IT IS! Dave would set reality in for this couple. That’s ALOT of debt for a small income.
Dave is too soft on women who make mistakes and these ladies are soft on this guy, guess it comes full circle? lol
@@dogedude9537 truth
If they are talking to “sacrifice” for a season until the storm clouds clear, what’s wrong with being real and say “wait to start a family”? Bringing a baby into this would be a bad decision.
Exactly.
That goes against their Christian beliefs
Kids make you work harder .
It’s annoying that they tell ppl it’s okay to birth burdens while drowning.
170k student loan… 42k salary each… how sway
What's their major? Dental assistant?
Student debt has been a wild and growing burden for young people for over a decade now at least. Crazy that 18 year olds keep jumping so blindly into such massive debt to start their financial adulthood. Best of luck to Jacob and his SO. Also - apologies for not knowing this new Ramsey host's name off hand yet, but I really enjoy her knowledge/energy/approach!
Her name is Jade Warshaw.
18 year olds jump into it because they are told having massive debt is normal. So depressing. I have heard some educators say that all education is worth the debt. So not true.
18 year olds are taking on massive debt without a plan to pay it off. Can you imagine paying $100k to become a teacher and only making $35k. Schools do that to some students all the time.
Although I don't want to say zero debt at all costs, because the world today is expensive. Maybe only take what you know for certain can be paid off.
But, $175k? That is insane!
They’re told they need to go to the most prestigious university to be successful in life. And those schools cost a whole lot of money
@@TopVillain exactly. You can get an excellent education from a local university but you are considered "uncool" or "low experience" without going to a high end school, far away.
I keep mentioning far away because out of state tuition is heart stopping.
It's remarkable how much people will run up student loan debt. At some point you have to be able to determine if the loan to value ratio is going to be worth it.
can't believe she said to just go ahead and have kids. wow! that's so irresponsible. kids are expensive. kids need parents to be available and not working all the time. that's bad advice.
Might light a fire under his arse
People need hope to solve their problems and that is what I like about the Ramsey people.
Many people are idiots though, Solvej ( and I mean that in the best possible way)
@@HenrJensen
Dave has been using the word stupid for years.
@@HenrJensen Dave has said he paid the stupid tax and that is why there is a Ramsey show.
Nah people need money to solve their problems. A wise man once said "a problem isn't a problem if it can be solved with money."
You signed for the loans, you took the money, you own the debt! Lesson learned, unless you are going for a STEM related degree, college is a total waste of time and money!
Shutup! 🤫. It’s not like he’s not owning the debt. He clearly is. He’s just looking for some guidance and direction with how to attack it, it’s not like he’s burying his head in the sand. For Christ sake, show some compassion 🙄
They were barely out of childhood when they signed up for what they did. Still wet behind the ears. Young people are being exploited by educational institutions that sign them up for useless courses. Financial institutions who lend them money that they might not be able to pay back due to the course that they are doing are equally guilty of exploiting them, too.
Jacob, if your reading this, Saginaw is just down the road for me. You can do this. I believe in you and your family. I am starting this journey like you are. Let’s get intense
Love the positivity! Good luck!!!
So much student loans and they're all still stupid.
It’s gonna take them 20 plus years to pay it off.
At least, unless they double their income soon.
Probably six or seven. I paid off $105k on a slightly smaller income in three years and that was as a single dad.
@@Astro95Media
80K income is doable if you are single
80K for two people is a different story
They didn’t even ask why his income was so low given his high amount in student loans. One would hope he’s underemployed and could increase his income significantly with a job change.
I would STRONGLY encourage waiting to have kids till you are out of debt. Renting too is incredibly insecure so avoid it at all costs. Remember, your family can be uprooted at the will of the home owner quite easily (their right as the owner), but that means trying to find the same rent in this day... Good luck. I have heard so many stories.
Now these two girls know whats up ! Handling business as it should be handled. Very good job ladies.
Gosh this makes me happy that I got my CDL and make over 100k a year
Likewise! 😁
This is very relatable thank you for sharing this!
The United States of America NEEDS to be on the Dave Ramsey Plan in order to get out of debt. Debt is killing this Constitutional Republic.
The debt is in the Trillion range! It robs ones future....today!
AMEN!
175k student loan for 80k annual income? Something is out of proportion here.
They studied abroad.
I am so thankful my grandparents set aside a trust fund for my college. It was private and I paid 250k for a useless degree (sociology) but I didn’t take out student loans. The most debt I ever had was 5k in CC and 8k in a car loan but I own my car now and have no CC debt.
Dave would asked which one of them was the doctor or attorney.
They changed the original intro and now they are also giving emotion support instead of problem solving. Tsk tsk.
@@Maestroxxx1 SWAT team, social worker and therapist!
I feel like they didnt address the concerns of why the student debt is so high and why the income is so low. For that much debt, youd think the income would be a bit higher. And thinking about ways to increase income.
The only way it makes sense is if only one of them is working.
There is no point kicking a dead horse and they did tell him to increase income.
I think if they waited to have kids before they’re debt free, then both of them can “work like crazy” instead of just the husband. Better to be dealing with the middle of the night feedings when they could both relax after being debt free. Now’s the time for both of them to “work like crazy”. Oops, just heard Jade say that, not exactly like I did.
I disagree with Jenna and Rachel about telling the color to start a family. They should have advised him to wait at least a year before planning a family. Because you never know how the woman's pregnancy is going to be.. she could have a very difficult pregnancy where she's not going to be able to work. And may need him to help her more reducing his hours of being able to work. Also you never know the child could be born premature and that will take away from hours of being able to work. And since they're in the processes of wanting to pay down their debt. Having a baby is very expensive and will add to their debt.
Hey Saginaw!👊🏻 We're tough, get it done Jacob!!
Young couples with no debt and no kids who wait until their 30s to have kids don't realize the opportunity they had. This guy and his wife have the tough job weighing how fast they can pay debt vs having a family...
200k debts is a lot just to make 80k a year
Students loans debts is like a trap to keep people stuck
You can make a living without college degree
$145K for a Petroleum Engineering degree>> $155K/yr overseas
in some GOD forsaken hellhole.
I don’t get how they say just go have the kids don’t worry about the hospital bills, child care costs etc
I’d like to have a child but we can’t afford $1400 for child care and $150 for healthcare a month
With that student loan debt I thought they would be making 200k at least but 85 ouch that’s a hard one
Imagine going $175K in student debt to live in Saginaw.
200 grand in student loans only make 85 grand together and they want to have a baby where is there parents why didn't they tell the kids get a degree that's makes you money not a degree that's makes you no money do not bring a kid in this until they get a better job
The student loan debt is the worst. I would hit that hard. But paying off the other debt first would ease up a lot of stress.
Yep, I just got financial peace and can't wait to start. They're right. You can do it.
While many people start families while being in debt and eventually get things cleared up, this is a bit different. Realistically its not a great situation to start a family in if one values getting out of debt sooner. There would have to be huge jumps in income to make traction this way. Both parents would be pretty stressed trying to pay down debt while starting a new family, which adds its own responsibilities and stressors. I feel like this is a situation where either your goals and values to start a family is honored, or paying off debt is what you value more for this time. Very hard to have both and be successful when they have that much debt. 50K of debt?! Sure no problem, but this is a different animal. I feel like this situation would have been better handled by the hosts by having a frank conversation of what the caller really is wanting right now...get serious about debt or have the mindset of staying in debt a lot longer to have a family earlier. It seems like pie in the sky to have both mindsets work in this situation.
Beans and Rice, Rice and Beans. There fixed it!!!
I don’t want hear about new clothes wear the once’s you got, shut up! You’re getting out of debt!! 😅 oh that feels much better
And sell her car and get a clunker but reliable $2000 car for cash. And don't forget to carry the brick to the backyard.
I really like what Jade brings to the table. She’s a great addition!
That really is such a problematic situation to be involved with.
I'm so glad that she doesn't say "better than I deserve".
I wish someone had the stones to tell someone that your finances should be factored in before having kids. Everyone is afraid. It's certainly not the only thing to consider, but to pretend finances don't matter is just being obtuse.
Watch the movie on student loans: Borrowed Future. Everyone in college or headed to college needs to watch it.
If you're in college it's probably too late
Maybe get your financial order before you have kids. They are money pits.
Most debt you’ve ever been in… so far 😉
Lol makes my debt look puny and a privilege to have 😅.
Amen. I gasped when I heard the amount of debt. 🤣🤣🤣
Yep. They owe more than twice what I owe for my mortgage.
LOL!!! I'm making $15K more than these poor souls with no student loan debt!!!😂😂😂
That's what happens to anyone that went for a Degree in College these days.
people stop buying new suv but you cannot afford
Folks, I think the reason they avoid implying someone should hold off on having kids is because it may come off a certain way to viewers personally, rather than financially. There’s a difference between giving advice of dont buy that house, pay off that car, or tell your in-laws to stay out of it. Telling someone, don’t have kids yet is beyond the scope of financial advise and more personal than, cut off your freeloading relative. Trust me, I thought the same thing, but it’s actually wise how they answer, and at the end they did gently imply that it’s easier now to work more without a baby.
Correct me if I’m wrong, but I don’t recall seeing any videos where Dave even said, “Don’t have kids, you’re too broke! Get out of debt first!” (Although that is the wiser approach)
175k in student loans with an annual combined income of 84k talk about a terrible return/investment. Sometimes school isn't always the answer.
Only 84K combined gross? Almost 200K in student loans. I just hope they get some actual ROI on this loans and education. Wish them the best.
Why are student loans a surprise? Assuming they're making, let's say, 10% more than they'd be otherwise, they're even better off for them.
They said to get pregnant despite the debt, they didn’t offer much help. I’m not saying you have to be debt free to have a child. A better answer may have been find out what kind of work do they do, can they pick up part time work on weekends or evenings. Encourage to both work extra, knock out atleast the $25K in non student loan debt within a year and get started on the student loan. Once they have started that in 12-18 months then they would be a better situation to have a child. Once the wife is pregnant she won’t be able to do much extra work. So the goal should be to knock out a significant portion atleast 75K before having a child.
Student loans are the worst type of
debt. Having kids and starting a family will only add to his financial problems and create more stress.
It amazes how people get themselves in these stupid financial decisions 🤦♂️🤦♂️🤦♂️
But happy that they finally are ready to start changing
Does anyone know where Dave Ramsey is? He has been gone for a while now…
Probably on another cruise.
That elitist can't be bothered by commoners.
@@tracygaluszynski1868 yeah, he’s only been doing this for decades. Hilarious to see the trademark resentment from “commoners” who will always be poor and blame others.
You obviously didn't watch the 'building wealth' show.
Retirement countdown.
love this team
Let me start off by saying that I love the Dave's Podcast and I am in full support. However as a grown adult man, it is our responsibility to primarily provide and protect our family. With that being said we think differently In the sense of having kids without a plan isn't a smart logical decision for anyone. Now before you jump on me let me explain. Kids are Angels but they come with a lot of responsibility mostly being food and shelter and having children while trying to get out of a massives amounts of debt isn't smart to me. It is another thing if you already have them but adding to your strees is not the way to go. I believe we should be delaying kids until we are in a healthy financial place. Am I the only one who thinks this way?
2x gross in student loan debt. No way out of this without getting income way north of $100k asap.
Good luck Jacob!
Student loans. The perfect con game.
I will never get the advice they give that you should have a baby while in this kind of situation. Why is it good to put more economic burden on yourself when desperately getting out of debt?
They’re going for pregnant gazelle intensity.
Excellent video
He could do amazon fba on the weekend at a bare minimum and double that income. Work harder and longer.
Forever in debt to your priceless advice.... Nirvana 1993 heart shaped box
Where is Dave?
FYI host,Yes income will go up so as the debt
Law enforcement and medical field jobs.. we are getting endless overtime !!!!!! Maxing out 80-120 hours a month in Los Angeles
Are you scared?? she sounds like Dr Bologny
I like that one, Dr bologna 🤣😂
Nice people.
It's always crazy to me that Ramsey personalities encourage people to have children whenever they want. Children are SO EXPENSIVE, not to mention it's incredibly selfish to have children when you aren't financially literate or well off. You're setting your kids up for failure and basically saddling them with caring for you when you're old because you didn't plan your finances well.
Your just chasing the good life you cant afford. And giving up having kids to get it. What are you gonna do work and save your whole life so some stranger can watch over you in a resthome. Sounds hopeless to me.
@@jonymanay ......... you're speaking as if kids don't put their parents in nursing homes everyday. Children don't exist to care for you when you age. It's very selfish to reproduce as some sort of security for yourself when you're elderly and, more often than not, it doesn't work out that way.
That's my home city!
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Karen Norton
I'm surprised you know her too. I've been making a lot of profits investing with her for a few months now.
You invest with Mrs Norton too? Wow that woman has been a blessing to me and my family.
@Tara Coldero investwithnorton💯
$175K student loan debt in 2023??? God bless the children!!!🙄
He got off lightly.
I'm from Saginaw too!!
Small world 🌍
Sell the student loans
🤣😂🤣
“You don’t need to be financially secure to start a family”. Yikes
This call is redundant. Go into details what degree calls for a 185k in student loans?
Bro 175k student loans and make 84k combined???? Did I hear that right 😳😳😳😳😳
They should be able to pay more than 1,100 a month towards debt with that income and no kids…
I don’t know why people are still shocked that the Ramsey show encourages having children. They are a Christian-based company (children are blessings belief). Having kids with debt is not the end of the world. And if many people wait until they were out of debt, they would probably miss the window for having children, especially women, depending on how many years it takes.
Ramsey girl started quoting Bible verses, Amen!
They should wait until the debt is paid before the baby can comes so that both parents are spending time with the baby.
Kids are endless money pits!-Scotty Kilmer.
Jade is on!!!🎉
I think I'm her biggest fan! She's amazing! Great energy and knowledge
Great addition to the team!!! 🎉🎉🎉
She is good, but you are a fan most certainly because of racism.
She's compensating her lack of knowledge by being energetic and excited.
I wouldn't be having kids until the debt comes down
Imagine going to a 4 year party. To ruin yourself financially for a 84k income.
Also- do not have children cause a radio host tells you it’s ok.
What was the debt of 175k? I didn’t hear that well though.
Student loans.
student loans
Only making $84K combined? Somethings wrong.
@@tracygaluszynski1868 Yeah but unfortunately, it feels like the "norm." My ex-wife has two masters degrees and over $100k in debt and makes half of what I make with no degree.
@@tracygaluszynski1868 I agree, my 17 yr old and her 16 yr old GF make that.
So crazy of them suggesting to have kids with that much debt on their income. Such a dumb idea
Yeah having kids you cant afford, great advise.
Should have asked what do they do. Willing to bet they are both teachers.
Some comments here don't get it. They are encouraging the couple to step up their game but at the same time live their lives by having kids if they want to.
Yes kids need time and attention but are a blessing. This is biblical. The Ramsey show is based on biblical principles.