Dude was making 230K a year and dead broke. People blame Biden, Trump, or anyone else...this is 100% on this guys horrible decision making. He was already living waaaaay beyond his means.

When the CEO holds an unexpected meeting saying that everything is going to be fine. Start applying to other places

"You can't out earn stupid". What a classic statement. Can't wait to tell my son.

This episode really shows how money is never actually the problem. You can have all the money in the world and have behavior out of control.

Cant even be mad at the guy. He took accountability and seems like he's ready to clean up his mess.

He doesn't even have a family and is in 250k of debt despite making 230k a year. 🤯

It's not about what you make, it's about what you save.

Dude could easily be a multimillionaire by now if he had his 💩 together financially!

As soon as I saw $265K in debt and Atlanta, I knew he was tricking off lots of money on women 🤣🤣🤣

He was spending his money on eating out , liquor and prostitutes.

Very unfortunate. I am always telling my daughter, please save your money. Don’t get into debt. You never know what will happen.

I got laid off this past November, it was a total surprise. I remember being so stressed at the time, for obvious reasons. But I am only 24, single, and thankfully had enough savings to get me by for a while, at least until I found another job. It just makes me realize how right my grandma was saying “it’s never so bad it couldn’t be worse” - if I had been laid off with $250k debt, or a family to provide for on top of things I can’t imagine 😳😳 I am so thankful for my parents, my family, and my upbringing for instilling the value of saving and living below your means among many many other things. I am certainly blessed, and I should take note from my grandma, but I pray that I find someone special to share my life with and a career that is more personally fulfilling to me. In due time I suppose! As my mom says “let go and let God” ❤️

Had a coworker at a food place I use to work at in college: gave me his story of making over $400k a year for his 20-30s, had MULTIPLE properties, went to bars, spent money on multiple girls, trips outside the US, ect. Then ended up going bankrupt and working as a security guard. Was crazy, didn’t beilve him until he showed me his old pictures and yup all true, but wasted away everything in exchange for fun and burning cash.

rolled over negative equity onto a BMW, now he learned about German luxury car depreciation 🤣

230k on strippers, prostitutes, drugs, and alcohol...trust me, he aint give up that life, he just cant afford it right now

"Basically, I would have to pay $30K to get rid of this car" is a horrifying statement

You think the money will never stop, but it can end in an instant.

New title: "$250,000 a year on Restaurants and Women"

Dudes making 250k in a world of stress. I’m making 70k, own a home have, savings, have a family. Minimal stress. Life is good. People chase money when after a certain point the money doesn’t do much more for your quality of life.

You mean to tell me the CEO lied? Color me shocked. 🤨

This is a great example of it doesn't matter what you make. If your bad with money , your bad with money.

Making $225,000 and only have $45,000 in the bank? That's foolishness!!

This is why it's not unethical to work 2 jobs and why Dave's right about debt.

People hating on him in the comments is just not nice. He is taking accountability and he is not making excuses about the position he put himself in. MANY live beyond their means no matter what income amt they earned or used to earn before a job loss. I hope he can find another job & start to handle all of this ❤

Thats corporate America for you, you can't trust anything they say look out for yourself I know from experience

That guy will be fine in no time.. keep ya chin up! He took complete responsibility of his actions good start

This should have been a call for Dave. These two are just too weak sauce on people like this that need a true reality check like only he can give. Guy is single with a $3300/mo mortgate? Sell it!

It’s really hard to feel bad for people like this.

What a shame. He lived up to his ritzy salary, but the ritzy salary just went poof. Think if he had lived like he was making $100K a year instead.

this is so baffling. You have to go out and borrow money because you can't live off of 200k plus income? what is wrong with people?

Just think, someone was paying this guy a quarter million a year and he was actually SURPRISED when they stopped!

Seriously? Making $230K and $265k in debt , BMW is 30k and owe 60k? How?

Insanity. You can make over a quarter mil, no family to support, be at the same job for years and still be broke… with a mountain of debt

It is not about what you earn, it's about what you keep.

This guy proves it is not how much you make but how much you keep in your pocket!

This company and CEO needs to be named and shamed. Telling employees a week before 200 people are laid off that there will be no layoffs is seriously incompetent or fraud.

I think the most important thing we should look at is his mental health. There had to be some type of underlying issue going on for him to be out of control like this. I hope he is seeing a therapist or something. That's the key to almost all our issues in life.

If I had that kind of income for 5 years , I‘d be retired in Thailand 😂

I’m gonna come back and watch this video next time I start feeling sorry for myself. Good lord.

That is a terrible situation. This happened to me in 2017. I got fired from my 6 figure job and I was living it up, buying (financing) new cars, using credit cards, bought a home. I took a 50% pay cut and I still haven’t been able to land another six figure job but I learned not to be a fool with money.

One of the most stressful calls I’ve heard lately.

Yep, people who grossly mismanage their finances tend to do so on the scale of the money that is available to them. Women, whiskey, and song...

It doesn't matter what you make but what you keep

Unfortunately we’re going to get more calls like this. People will be crying in September when student loan payments kick in. What is happening now is part of the plan Jay Powell told us a year ago. Interest rates will go up. Spending will slow. Jobs will be cut. House prices will go down. Inflation will slow. Then we can restart.

The bmw sales mngr saw this dude coming

I’m glad he didn’t have a $1,000 emergency fund 😅

This just proves that success with money has nothing to do with how much you earn. It’s your behavior that will make or break you.

People don't think that they will grow old. There will be a cap on earnings and a cap on savings at some point. Most important thing is to live well below one's means when you are earning well.

It was perfectly said that it takes one domino to bring it all down. Also, at times we're in our own bubble and forget that others are doing this too. To know that he's upside down $60K is rough. Sometimes we come to a realization too late, but atleast he is now, sucks it took him getting laid off to do so.

credit cards and 2 cars... am I the only one who is happy with a 20 year old Lexus and spent responsibly even with a 80K annual income ?????

Not sure why people are bashing the guy. We all made stupid mistakes. Some people learn after hitting rock bottom. Hope you get a job soon and clean up the mess 💪!!

I think we have all made bad decisions in our lives. Sometimes it takes a failures to wake up

This show should be part of every middle school curriculum - start early and teach financial literacy - fight the pattern of society

This is heartbreaking. I feel so bad

It is not surprising that the current market sentiment is extremely pessimistic. I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made a fortune from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?

this is why being in the medical field is such a stable job. i dont regret being a nurse.

I've been watching these videos and this video is heartbreaking! Although I could spend money at the cleaners I am ironing clothes so I don't have to spend the money. I am so scared for that last caller.

This is thebkind of call, we need Dave to say, borrower is a slave to the lender? Timr for rice and beans tacos!!

Can’t feel bad for someone when they’re making $230k

He is a fool basically. He partied hard, spent like a drunken sailor, and has nothing to show for it. He is like the prodigal son in the Bible. Now he wakes up broke one day. Finally he wakes up. It is a hard road to redemption. Hopefully he wakes up spiritually and makes peace with God first.

That is really sad and wild!!!

I make 1/4 of this dudes income and I have a greater net worth . Damn!!!😮

He needs some roommates immediately and a job

He was making like 270k a year before, he definitely enjoyed his life

how this dude made $220k is beyond me.

imagine if Daniel only had $1,000 and not $45,000

I am very skeptical of him having 45K in his savings. That takes some discipline to do. But yet he is 265K in debt. There is something wrong with that picture. He may have 45K in an employer retirement account.

Is lived this too. Now at 39 trying to make my turn around. Stupid mistakes spending money, giving money, being too nice, and getting caught into relationships that all they did was pull money out of me. Now, I am also not working because I left my job due to not wanting to be part of some shady, immoral stuff the company was doing. So I am pretty much where this guy is.

This guy needs to file for bankruptcy.

He make around 300k a year but spend it all on restaurant and women 😂

Hard lessons of life sometimes come when you at your lowest. If smarter going forward he will look back 10 years from now and reflect on all this and be a better person.

Omg. This one makes me so mad. He was making bank. And has no money! None! So gross.

All of us should be happy when we wake up in the morning and we're not this person.

The American dream 😂😂😂😂😂😂😂😂

Jade has nice hair

And these people always say, if you do a good job, you won't get fired?

My father has a friend who is Amish but never had Vehicle Debt always paying in cash and living on less than you make

Lol, these videos just make me feel good about myself. I'm early 30s, make a few dollars under 200k and drive a lovely $4,000 car. 😆😆 Debt free, baby!

Damn shame. People need to follow daves principles. The partys over for this guy.

Living large will take its toll.

Thanks!

My older brother was living large when he made good money and when he got lay off ten years, most of his money went cars and his house and dont know if he save some money for raining days like being lay off. He had downgraded his house and sell a few of his cars. I think this is what we all will do at the moment when we have a taste of money then we spend, spend and spend until the company says we have to lay a few people off. We dont save enough till it’s too late.

Doubt he will find the same paying gig. Lots of people were making over-inflated salaries from the artificial demand and growth in 2021 & 2022. Now we are seeing layoffs and a reset in the market. He was probably in tech and that next job will take him 3 to 6 months to land and will pay him $150k instead of $220k.

learn to weld

There's is a lot of people in tbe job market right now. It will talk some time to replace that income

😳😳 this call makes me so happy i have a nice family, modest income, a budget and am financially literate. Life is good. This dudue, sheesh...world of pain.

im down 6 figures on my stocks but listening to this made me feel so much better about myself

Let's go Daniel. You can do it.

😮😮😮 Wow, hard pill to take, this is a life lesson of stress, stupid things all together.

Jade looked uncomfortable the first 15 seconds.😂

This isn’t just bad decisions, it’s a void he’s trying to fill with junk. People trying to look a certain way, people trying to furfill emptiness, this’s the result of zero mentorship & limited self control

This just shows you don't need to be intelligent to make good money.

This is very sad.....life lesson for all of us.

All those expensive drinks on chicks

250k dude🥴 women and restaurants😂😂😂😂😂

Why didn't they ask what his career is? That's a very high income and I would be interested in what skill set he has to offer as he looks for his next opportunity. (certain jobs, one is engineer, are easier to get than others because having a P.E. is difficult to get)

Dave would say, "I told you so!!!"

Thank you for sharing. I wish you the very best!

😂 Daaaaamn Daniel!

Can we please have an update on Daniel's situation today? Thanks.