@@sami-9233 Water under the bridge; nothing that can be done about it now. And my bet is Dave had "Caller's daughter is a single mom" in his notes from the call screener, so any criticism of her was off limits. (I have edited the post for clarity, as apparently some people don't understand idioms)
@@KS-cl8br If the parents are still this much in debt at their age, it may have been a bad agreement. Although the mom’s student loan is in that debt amount too
The kid who did a debt free scream should help his parents out regardless of the law , help his parents retire with dignity since they helped him get educated
They probably had an agreement. They could have encouraged their kid to go to a more expensive school. The payoff should follow the original agreement.
Thats their JOB, they had him. You want him to go to college, pay for it 🤷🏿♀️ I've never understood why ppl think kids owe their parents when the parents CHOSE to have them (and even if they didnt unfortunately theyre still their responsibility 🤷🏿♀️)
Dave's right, most people try to figure a way around, or just kick the can down the road, when it comes to debt. You have to attack it head on and be done with it.
Printing off Scholarship applications was my parents way of saying your on your own paying for schooling. I sent in a pile of them and ended up getting 12k in aid. There is alot of finacial aid out there you just have to apply.
Guy is 58 and is 228k in debt with a 160k household income... Dave says he can be 100% debt free + have a million dollar networth by 65.. Dave please show me the numbers? I would love to see your math on this one.
does Dave include taxes? when I say taxes I mean what they gross before taxes. if they make 160k how much of a income do a couple or person have actually after taxes taken out all year. I'm not a math person but I'm just curious does dave ramsey take this in consideration.
@@amandadean3948 he is under NO obligation to pay for a adult daughter or any grand kids. If he is able and wants to contribute to their upkeep, totally different story. -Alina
@@alinatamashevich3354 ..well that’s obvious, but listening to him, I’m not under the impression that he has a problem taking care of his family at all.
I see this all the time in educational and medical fields. Lots of people going back to school to get new/higher degrees. If your hobby is going to school, by all means do it. Just don’t think it’s required and please pay for it in cash…
Working for schools they do have a pension. Also. He can just keep working... bottom line is that this is the plight of many men. They pay for everyone else and not for themselves.
@john Smith well then we won’t pay. That’s really not going to happen because people will just stop going to school. There’s already movement happening where people are getting hired without degrees
End of video Dave says your going to have a miserable two years paying off debt. I say No your not you are going to be excited and happy to get it done! you can enjoy this journey I know because we have been doing it and we are getting there!!! You both make enough money you do not need to go out and work more. Just keep at it you will get there pay it off the best you know how and follow Daves teaching on getting it payed.
This guy has paid for everyone around him's education. Love how the wife has a master's and makes half of what he makes, 🤣. Makers and takers. Love how he has to work like a dog to pay off other student loans. Maybe we can move the trillions in us debt onto his plate.
Most people who do masters do it out of ego. I’m a regular nurse and I make more than a lot of people who have advanced nursing degrees compared to me. I have zero debt and these people are walking around with over 100k in debt
@@dialac1 I work in healthcare as well and would tell the doctors I worked with all the money I make goes where I want it to go... Unlike the providers in massive debt...
I try to tell people this. One of the early things iv learned is experience trumps education. Unless of course your field requires a doctorate, waste of time and money going that high.
This guy and his wife need to stop letting people take advantage of them or they will never get their life together. Why are they making their daughters babysitting their problem? Why are they taking on debt for their son? It's all kind of pathetic.
Lol kid did a debt free scream. I think it would be great if they would help with that parent plus loan. I know legally it a no, but still. 🧐. His daughters daycare isn’t his problem. He’s gonna be on dog food while she’s debt free screaming.
@@dontayedaniels5710 They live in Dallas Texas, so they should definitely be making more money. It sounds like husband has been afraid to negotiate on salary for all of his career, left it up to someone else to determine how much he is worth.
@@elliotcoyne7431 Definitely surprised wife isn't making at least $75K considering her age/tenure, which would put her at bottom of middle quintile/"middle class". Bigger problem is the husband's income, he should be making at least $150K on his own. Wondering why they haven't been more aggressive in getting fair compensation.
Dave goes right to "muh baybee steps" without asking any pertinent questions you know, like, "where does that $160k income go? Instead of calling into a multi-level marketing firm's radio show, this caller needs to sit down with a competent financial advisor who can map out some realistic options.
@@danjoredd Obviously, I have an interest in financial matters. Since I have been watching Ramsey's show, I have heard Ramsey folks give absolutely horrible financial advice that would cost the caller tens of thousands in unnecessary taxes and hundreds of thousands in opportunity costs. Case in point, this caller needs more than "get another job" and "eat beans and rice for the next two years".
Would be better to get more details...does he have two cars in the driveway he owes $60K on? you could knock out probably $40K by downsizing those. How big is their house payment? etc. They may or may not be able to knock this out quickly. Also are they getting a pension from the school district? that matters alot. If at 65 you combined get $50K in pension plus say $50K from SS if you are debt free life is pretty easy.
Gosh, this younger generation is so ungrateful it's unbelievable.... If my parents took out loans for me, regardless if they were my responsibility I'd help if I had the means to do so. How the heck are you going to do a debt free scream while your parents are in debt up to their ears from your college education..... Gen XYZ or whatever they are now.
I paid for approximately half of my daughter's nursibg education.. She is leaving that area and is requiring additional education to get the new job she wants once. I offered to pay for that totally since I am now in the position to do that. She said "Mom, I'm an adult. I can handle this. You've done enough for us. Take care of yourself". I have an awesome daughter.
My dad paid my student loans off. When I got to the stage where I had disposable income, I sent him a check for $250 with a note. I planned to send monthly checks instead of spending money on extras for myself. He gave it back, saying he didn’t understand. 💕 😢
@@genxx2724 If you're parents are in a position to do so that's great, but this caller is in debt from it with no help from his kid that wants to go on Ramsey and do a debt free scream while his dad's in debt from his college.
I never understand when people say that they’re single parent. Are one of the parent dead or in prison. I hear this I’m a single parent thing very often but it leaves me being confused. It takes two to make a baby
I agree. Single parent used to mean you were the only parent. Now it means you are one of two parents and you happen to not be married. I hate how the meaning got hijacked.
I find it sad that the father is pretty much stuck with the Parent Plus Loan while the Adult Child is debt free. And I don't believe that the debt free Child is the single parent.
At 56 paying off debt will give him a greater return than any investments he can get into. If he wants to invest, he needs to get some side jobs and invest all funds from those gigs.
Please start investing! You're already way behind. Income and how much money you can invest is not the problem, time is. Time is the most important part about investing. At this rate he won't retire within the next 10yrs with a million +.
Uhm what....the kid is debt free, and loudly proclaims it by coming on this radio show, meanwhile allows the father to STILL be in debt in his late 50s with the kid's student loan bills????? How can that kid live with himself.....terrible.
Most failures and loss on Investment usually happens when you invest without proper guidance, assistance and clear analysis of the profit and risk percentage of the Investment.
I don't get why Dave thinks that someone who has an education is smart. Education is not intelligence. I have an advance degree and I went to school with plenty of people that are not as smart as those in the trades.
If a parent can afford to pay for a child’s undergraduate education, then that’s great, but you don’t pretend that you can by taking out a parent plus loan and then live in severe debt so that you can pretend you paid for your kids education.
Their daughters kid is not their problem, that's her problem to figure out. If they can help that's great but it's should stop them from working more if they need to that's ridiculous. Unless the daughter wants to pay them for babysitting.
Why is this dad paying for everything?? His kid is NOT debt-free. The kid ought to be helping. The wife can do some adjunct teaching on the side to make more money too.
Your kid shouldn't be doing a debt free scream if you're paying off a parent plus loan, smh....what are you teaching your kids by not holding them responsible for their debt?!
I wish Dave would go into more detail about the practical explanation of what a "rice and beans" lifestyle is like - no meat in your diet? No avocados because they're a luxury? Since you aren't eating out anymore or going on vacation I would think that you need to get some pleasure out of your home cooked meals or you might as well give up.
Like this guy thought that Dave was going to change his plan to be debt free just for him for this one time, so he could start on his retirement money, instead of getting out of debt? That's almost funny.
Caller better hope the kid really appreciates the parent plus loan and pays it back with interest. Or he and his wife will be spending retirement in a tent.
If they are working in education, they should both already have retirement plans. Also, do they have a house? If so, it must be paid off since he didn't list it as a debt. I would have asked a few more questions before giving advice.
They don't make much money for all that education!! My son works in IT with no college education and he make twice that and his wife works for insurance and she makes probably by herself what they make together!
Kid doing a debt free scream while the dad holds the student loan is hilarious
I thought I was mishearing but I guess he did say that 🤣
😂😂😂 nope you heard right
So amazed Dave did not react in any way whatsoever
@@sami-9233 Water under the bridge; nothing that can be done about it now. And my bet is Dave had "Caller's daughter is a single mom" in his notes from the call screener, so any criticism of her was off limits. (I have edited the post for clarity, as apparently some people don't understand idioms)
I know. Kinda makes you sick, doesn't it?
So the kid did a debt free scream because dad is paying the bills?! Dad was stupid.
Seems illegitimate
they may have had an agreement that each parent and student pay half.
@@KS-cl8br If the parents are still this much in debt at their age, it may have been a bad agreement. Although the mom’s student loan is in that debt amount too
The kid who did a debt free scream should help his parents out regardless of the law , help his parents retire with dignity since they helped him get educated
They probably had an agreement. They could have encouraged their kid to go to a more expensive school. The payoff should follow the original agreement.
We know who the takers are when they disagree with this 🤦♀️
@@JanInks It isn't about takers it is about honoring previously made agreements. Clearly you are jealous that he has parents who helped him.
Thats their JOB, they had him. You want him to go to college, pay for it 🤷🏿♀️ I've never understood why ppl think kids owe their parents when the parents CHOSE to have them (and even if they didnt unfortunately theyre still their responsibility 🤷🏿♀️)
@@NeeNee_B. Yes absolutely
Dave's right, most people try to figure a way around, or just kick the can down the road, when it comes to debt. You have to attack it head on and be done with it.
I’d rather pay the debt while I can work than be making payments whilst retired. Sad but it has to be done
"Well if I was that smart, I wouldn't BE in this situation..." favorite part of this call!
Printing off Scholarship applications was my parents way of saying your on your own paying for schooling. I sent in a pile of them and ended up getting 12k in aid. There is alot of finacial aid out there you just have to apply.
Dude is humble and probably very generous to spend money for others and never thought about debt elimination.
You're confusing humility with stupidity
He sounds and an awesome person and father!
I wish Dave would have asked him,
“How much do you owe on your mortgage at
This age?”
Maybe the "debt free screaming son of 2018" will listen to this and consider paying down part of Dad's student loan load. TEAM UP!
Calls like this are why I’m subscribed.
Guy is 58 and is 228k in debt with a 160k household income... Dave says he can be 100% debt free + have a million dollar networth by 65.. Dave please show me the numbers? I would love to see your math on this one.
They have pensions.
Ramsay’s math skills have always been off
Probably have to sell a couple nice cars and sell a house and downgrade, would love to see the actual math on it. No vacations and no restaurants.
does Dave include taxes? when I say taxes I mean what they gross before taxes. if they make 160k how much of a income do a couple or person have actually after taxes taken out all year. I'm not a math person but I'm just curious does dave ramsey take this in consideration.
@@ptulip and then they die right as soon as the debt is paid off. Oops
Honestly this guy is going to do it I think. That was pretty inspirational.
This is just sad. This man does not deserve this. He's a utility to these women.
Another Simp
“these women“? Do you mean his wife, daughter and grand baby?
@@amandadean3948 he is under NO obligation to pay for a adult daughter or any grand kids. If he is able and wants to contribute to their upkeep, totally different story. -Alina
@@alinatamashevich3354 ..well that’s obvious, but listening to him, I’m not under the impression that he has a problem taking care of his family at all.
Doubt he had a gun put to his head. Everyone needs to learn how to say no
I see this all the time in educational and medical fields. Lots of people going back to school to get new/higher degrees. If your hobby is going to school, by all means do it. Just don’t think it’s required and please pay for it in cash…
no, take a loan if needed.
Working for schools they do have a pension. Also. He can just keep working... bottom line is that this is the plight of many men. They pay for everyone else and not for themselves.
“Hi Dave and Tom” Then the way they look at each other at 0:09.
I bet they have both been kicking this down the road for decades.
Never Parent Plus Loan. Never do that. That's free money for the people up top.
So the son really didn't pay off everything bc his Dad owns the bill 😅
@john Smith Why should parents pay for their children's college education?
@@runningdebate2670 I don't think parents should pay.
@john Smith I think the cost will actually go down in the future, people aren't going to keep playing this game.
@john Smith well then we won’t pay. That’s really not going to happen because people will just stop going to school. There’s already movement happening where people are getting hired without degrees
Sorry Dave. But there’s no chance they will be millionaires by 65.
Thats ok I think. At least no debt will be better.
End of video Dave says your going to have a miserable two years paying off debt. I say No your not you are going to be excited and happy to get it done! you can enjoy this journey I know because we have been doing it and we are getting there!!! You both make enough money you do not need to go out and work more. Just keep at it you will get there pay it off the best you know how and follow Daves teaching on getting it payed.
With an income of 160k, he could be quickly debt free.
Yeah if they just sold the cars, lived frugal they will be fine
@@leadnsteel1428 they won’t do it, they want to impress others, cause their educated lol.
Americans have become too comfortable being in debt
This guy has paid for everyone around him's education. Love how the wife has a master's and makes half of what he makes, 🤣. Makers and takers. Love how he has to work like a dog to pay off other student loans. Maybe we can move the trillions in us debt onto his plate.
simps carry big weight on their shoulders. we need them to do the dirty work or our society will not survive
Most people who do masters do it out of ego. I’m a regular nurse and I make more than a lot of people who have advanced nursing degrees compared to me. I have zero debt and these people are walking around with over 100k in debt
@@dialac1 I work in healthcare as well and would tell the doctors I worked with all the money I make goes where I want it to go... Unlike the providers in massive debt...
I know right, I make more with my GED and been saving for 20 years.
I try to tell people this. One of the early things iv learned is experience trumps education. Unless of course your field requires a doctorate, waste of time and money going that high.
Your son should be ashamed he did a debt free scream.
Y? Parents made the choice to do that. It’s consequences of choices.
This man is a saint to his family
Dave handled this one soooo well.
The only problem he has with this plan is his whole family.
This guy and his wife need to stop letting people take advantage of them or they will never get their life together. Why are they making their daughters babysitting their problem? Why are they taking on debt for their son? It's all kind of pathetic.
Than you for the confirmation😉I was just thinking about picking up another job . Looking now
Lol kid did a debt free scream. I think it would be great if they would help with that parent plus loan. I know legally it a no, but still. 🧐. His daughters daycare isn’t his problem. He’s gonna be on dog food while she’s debt free screaming.
160K, not that much for two people with masters degrees.. just saying!
We know you're..." Just saying" that was already implied private obvious.
Depends where they live.
@@dontayedaniels5710 They live in Dallas Texas, so they should definitely be making more money. It sounds like husband has been afraid to negotiate on salary for all of his career, left it up to someone else to determine how much he is worth.
Don’t become a teacher
@@elliotcoyne7431 Definitely surprised wife isn't making at least $75K considering her age/tenure, which would put her at bottom of middle quintile/"middle class". Bigger problem is the husband's income, he should be making at least $150K on his own. Wondering why they haven't been more aggressive in getting fair compensation.
Imagine being 56 with over a quarter million in debt. They put a huge value on education, and it shows.
This is ridiculous, he's the plow horse that will continue to pay for his debt and everyone else's debt in his family.
Dave goes right to "muh baybee steps" without asking any pertinent questions you know, like, "where does that $160k income go? Instead of calling into a multi-level marketing firm's radio show, this caller needs to sit down with a competent financial advisor who can map out some realistic options.
@@danjoredd Obviously, I have an interest in financial matters. Since I have been watching Ramsey's show, I have heard Ramsey folks give absolutely horrible financial advice that would cost the caller tens of thousands in unnecessary taxes and hundreds of thousands in opportunity costs. Case in point, this caller needs more than "get another job" and "eat beans and rice for the next two years".
@@lkj0822g Why don't you file a lawsuit and get Dave taken off social media then.
@@danjoredd Crickets, another internet know it all who won't show up in Brentwood, TN and prove Dave wrong. AKA, Saul's daddy.
Their kids need to grow up. Geeze.
Paying undergrad loans at 56 OMG
Would be better to get more details...does he have two cars in the driveway he owes $60K on? you could knock out probably $40K by downsizing those. How big is their house payment? etc. They may or may not be able to knock this out quickly. Also are they getting a pension from the school district? that matters alot. If at 65 you combined get $50K in pension plus say $50K from SS if you are debt free life is pretty easy.
Pension SMH wouldn't that be nice
Gosh, this younger generation is so ungrateful it's unbelievable.... If my parents took out loans for me, regardless if they were my responsibility I'd help if I had the means to do so. How the heck are you going to do a debt free scream while your parents are in debt up to their ears from your college education..... Gen XYZ or whatever they are now.
I paid for approximately half of my daughter's nursibg education.. She is leaving that area and is requiring additional education to get the new job she wants once. I offered to pay for that totally since I am now in the position to do that. She said "Mom, I'm an adult. I can handle this. You've done enough for us. Take care of yourself". I have an awesome daughter.
Maybe the kids want to help but the parents are too proud to accept help
My dad paid my student loans off. When I got to the stage where I had disposable income, I sent him a check for $250 with a note. I planned to send monthly checks instead of spending money on extras for myself. He gave it back, saying he didn’t understand. 💕 😢
@@genxx2724 If you're parents are in a position to do so that's great, but this caller is in debt from it with no help from his kid that wants to go on Ramsey and do a debt free scream while his dad's in debt from his college.
@@runningdebate2670 That is completely outrageous, and shows poor upbringing in my opinion. My dad sacrificed.
TOM Delony 🤣
I never understand when people say that they’re single parent. Are one of the parent dead or in prison. I hear this I’m a single parent thing very often but it leaves me being confused. It takes two to make a baby
I agree. Single parent used to mean you were the only parent. Now it means you are one of two parents and you happen to not be married. I hate how the meaning got hijacked.
Ahh Dave and Tom make a good team!
People don't understand interest. That's why he wants them to do it in two years. I wonder if he will do it.
Bingo, it is outright theft.
ZERO chance this guys debt is gone in two years.
Hi Dave and Tom
I find it sad that the father is pretty much stuck with the Parent Plus Loan while the Adult Child is debt free. And I don't believe that the debt free Child is the single parent.
Taking on goals together is very good for relationships. While eating rice and beans have a plan for what you will focus on.
At 56 paying off debt will give him a greater return than any investments he can get into. If he wants to invest, he needs to get some side jobs and invest all funds from those gigs.
I don’t think he will attack that debt. He probably drives a Mercedes and his wife has a Tesla.
Great advice.
Daves face when he realizes that kid fooled him 😄 "debt free"
They could also not pay off the loan and let the kids deal with it when they receive their inheritance.
Did this guy mention any home mortgage?
Please start investing! You're already way behind. Income and how much money you can invest is not the problem, time is. Time is the most important part about investing. At this rate he won't retire within the next 10yrs with a million +.
Uhm what....the kid is debt free, and loudly proclaims it by coming on this radio show, meanwhile allows the father to STILL be in debt in his late 50s with the kid's student loan bills????? How can that kid live with himself.....terrible.
That way you can have a Life now as in reality life span is about 74 and then leaves your kids some money
And then they buy a Ferrari
Most failures and loss on Investment usually happens when you invest without proper guidance, assistance and clear analysis of the profit and risk percentage of the Investment.
@@calvinsixtus6236 So how do you get your proper guidance and the analysis you mentioned? Because have incurred huge losses while investing by myself
Sorry, skip leaving his kids an inheritance, because they are already bleeding him dry financially.
No way I’m paying this for my kids. I will help but they got to go out there and earn it
I don't get why Dave thinks that someone who has an education is smart. Education is not intelligence. I have an advance degree and I went to school with plenty of people that are not as smart as those in the trades.
Most are educated beyond their intelligence level. Zero common sense.
2:39 "You're not going on vacation" -- And that means no bluegrass festivals this year!
They need to go back to school and get their PhD in D.U.M.B
All these people making bank and have debt. I can’t afford to be in debt so that keeps me from chasing shiny objects.
Daughter on rice and beans too.
Usually the right decision would be to expunge all the debt via bankruptcy instead of working the rest of your life to pay off the debts
I do not believe student loans are bankruptable. 🤔
If a parent can afford to pay for a child’s undergraduate education, then that’s great, but you don’t pretend that you can by taking out a parent plus loan and then live in severe debt so that you can pretend you paid for your kids education.
You can always turn to a life of crime.
Oh my God the guy sitting next to Dave said oh go get a gun that's terrible that he said that😳😳😳
He said, "go get it done."
Good work Dave
I believe they would have pretty good pensions so they do have retirement.
Their daughters kid is not their problem, that's her problem to figure out. If they can help that's great but it's should stop them from working more if they need to that's ridiculous. Unless the daughter wants to pay them for babysitting.
John's new name is Tom now.
How old is the wife? I’m only a few years older than the caller and I only had 10 years to pay off my student loans.
Yes😊😊😊
Who's Tom? 😂
/s
Where is this kids father?
Why is this dad paying for everything?? His kid is NOT debt-free. The kid ought to be helping. The wife can do some adjunct teaching on the side to make more money too.
If my dad paid for my education, you bet your a$$ I’d pay him back.
It’s going to be a good time to buy the dip on stocks during the upcoming recession
How come Dave never mentions donating plasma as a side gig?
You can currently make over $500 a month going twice a week in CA.
Your kid shouldn't be doing a debt free scream if you're paying off a parent plus loan, smh....what are you teaching your kids by not holding them responsible for their debt?!
I wish Dave would go into more detail about the practical explanation of what a "rice and beans" lifestyle is like - no meat in your diet? No avocados because they're a luxury? Since you aren't eating out anymore or going on vacation I would think that you need to get some pleasure out of your home cooked meals or you might as well give up.
You missed the point.
@@alinatamashevich3354 Gee thanks for enlightening me
@@Sutterjack No problem. Always glad to help.
So....dave didn't ask about his Car !
Small potatoes in the context of his issues and income
Crazy
Why can’t he start fixing computers at his house fix 10 a week that’s 1000$ profit a week gotta think outside the box
Deloney is dramatic. Oops Dr. Delony.
For the love of all that is holy, can the producer please knock the pen out of John's hand???
SELL THE TRUCK!
Like this guy thought that Dave was going to change his plan to be debt free just for him for this one time, so he could start on his retirement money, instead of getting out of debt? That's almost funny.
Daves not in Reality.
Why exactly do you think that?
Sounds like you dont know anything on what you are saying
I'm sincerely asking for intelligent discussion here from you Pat De...legit..Save has his simp moments so I am open for intelligent discussion
@@motoryzen Another Dave troll, sniping comments to raise their self esteem. Nothing to see here
Caller better hope the kid really appreciates the parent plus loan and pays it back with interest.
Or he and his wife will be spending retirement in a tent.
this is smart
Sounds awful, I’m never getting married 👰
Reality is... your Tax money is going to Ukraine. Not to pay off your friends student debt.
Putin rat
Do what the govt does. Run it up and go bk
We early millennials are listening.millennial men- “We will fix this pops”.
If they are working in education, they should both already have retirement plans. Also, do they have a house? If so, it must be paid off since he didn't list it as a debt. I would have asked a few more questions before giving advice.
Why cant the wife get a second job
Nagging is full time work!
Wait and see. Until then minimal pmts
He said “I make extra income from August to JanuaryISH”. There should be no ISH in his vocabulary
Why? It implies when his contract work ends which is sometime aroundish or during January.
They don't make much money for all that education!!
My son works in IT with no college education and he make twice that and his wife works for insurance and she makes probably by herself what they make together!
Can wrap fish with that fancy degree.
The American 🇺🇸 dream is dead 💀 !
I am living it up
@@mph5896 good for you! I have had a tough life! Everything I got I earned! Self made vs Sliver spoon! No one ☝️ has given me any help nor hand 🤚 out
Same here. Started in the gutter. Anything past that is gravy on top
@@roolyfe Sorry to break it to you, but that IS the American dream.
@@roolyfe me too...and?
Life is 25 percent what happens to you but 75 percent how you respond.