I'm $1,000,000 In Student Loan Debt!!

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Күн бұрын

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@TheRamseyShow 4 жыл бұрын

Get life-changing financial advice anytime, anywhere. Subscribe today: kzfaq.info

@user-ov8po1zt5x 4 жыл бұрын

How is your kids, or grandchildren doing?

@rethsen8146 4 жыл бұрын

Wow Mr. Ramsey I am baffled. You only cared that your tax money insured his debt not the systems that allowed him to go in a million dollar debt and that he cant even file bankruptcy for all that debt if he ever got under water? Wow

@tradingedge6371 3 жыл бұрын

Hello Dave I have questions I’m in $11,000 bet and 20,000 car payment loan what should I do to relive those problems?

@marcusjohnson2720 3 жыл бұрын

I’mI’m has always happen every

@woswasdenni1914 3 жыл бұрын

bad advice in this special case, he has a lot of potential because of the high flow of money. the only way togo would be pay the minimum use as much as he can to invest. quickly he gonna turn the 1mil student loan into 1 mil investment loan that then could be furter investet with higher rates of payback. that would also secure him a bit better since most of his income comes from a job he could loose at any moment. any momeny payback then is just lost and the debt is crushing him anyway. better have assets that ensure payback

@KishoreG2396 4 жыл бұрын

So this guy is practically a millionaire except in the negative direction.

@tonywasikhongo7510 4 жыл бұрын

Bruh

@bryanmartinez6600 4 жыл бұрын

There's a silver lining to everything. They say if you dance with the devil might as well lead.

@otallono 4 жыл бұрын

It doesn't take that long to make your millionth dollar.. difference between being a millionaire and having made a million. He will pay more than that, though because of the interest.

@manictiger 4 жыл бұрын

He just has to turn the galactic currency from a 1 to a -1.

@realdream7583 4 жыл бұрын

He is a -millionaire

@greentoolsnyc3985 4 жыл бұрын

I literally have $0 im 1 million richer than him.

@bigpicturethinking5620 4 жыл бұрын

I wanted to write this response so that I had time to let your comment sink in. This is an amazingly stark contrast.

@edgehodl4832 3 жыл бұрын

🤣🤣🤣🤣

@enricopallazzo3244 3 жыл бұрын

Hahaha

@mr.tennisballs955 3 жыл бұрын

Lol

@Jeremy-fy1sz 3 жыл бұрын

This man has a $1,000,000 investment in his career that he leveraged with no assets yielding 100% return in less than 10 years.

@christianbolt5761 Жыл бұрын

Our university system needs to be looked at. There should be no way that this could happen

@jp-is1is Жыл бұрын

fr this is horrible

@playedon78 Жыл бұрын

Dead right about that...becoming the same in Australia with some stud. Debts up over 700k. Crazy world!

@fglend73 Жыл бұрын

While I agree with you, this is his fault 100%. You can't blame it on the university.

@ullcringe2895 Жыл бұрын

@@fglend73 You can blame it on both. Both are ridiculous.

@BusArch42 Жыл бұрын

It’s all private schools and private loans. All our medical schools are private

@kevinalmiron8693 9 ай бұрын

I feel overwhelmed with 30k debt. I cant imagine 1 million

@baraclude 4 ай бұрын

He's going to be fine. In 5 to 10 years, his business will grow. Now I know why all dentists I have visited are shady af. They all want to make quick bucks with the worst quality service.

@DixonButts-69 3 ай бұрын

I feel dead having to owe $1000 😂

@diamondly6250 3 ай бұрын

ya but he will start making a ton pretty soon

@vickikendricks1605 3 ай бұрын

Me too have 30,000 in debt and I hate it and want to get rid of it.

@ramsaybolton7464 3 ай бұрын

You can hear it in his voice. He’s defeated

@db2631 3 жыл бұрын

Every kid this guy sees is getting braces for 8 years.

@warwagon 3 жыл бұрын

LOL

@dvelop4975 3 жыл бұрын

Ahaahaha

@BGB17 3 жыл бұрын

It's funny but it's actually a good commentary on the Americans medical system. Certain drugs and treatments are pushed regardless if it's needed

@onemorething100 3 жыл бұрын

You hit the nail on the head and explains the corruption in. all of healthcare. Patient care is based on Money. It's no longer based on patient needs.

@onemorething100 3 жыл бұрын

@dustoff Go work in Healthcare and then get back to me

@rickvangils100 3 жыл бұрын

''my interest is about 5800 dollars a month'. That line send shivers up my spine.

@EatingHotIceCream 3 жыл бұрын

Half of my total amount PER MONTH 😩

@EMYoutube1225 3 жыл бұрын

That’s nearly 3 times my mortgage.

@dantexventa3695 3 жыл бұрын

That’s 5 times my mortgage monthly payment

@Ixions 3 жыл бұрын

$5,800 a month on a million dollar debt is 6.81% average interest. He must have been taking every loan he could get.

@hypothalapotamus5293 3 жыл бұрын

A doctor who is really bad with money will be $650K in the hole when exiting residency, tops... That's assuming this person picks an extremely expensive med school and can't manage a $60K a year lifestyle during residency, borrowing money in expectation of high future income. Apparently, it's normal for an orthodontist to be $1 million in the hole, because they also have to pay for residency... Wow... This is a level of education debt that I wasn't aware existed...

@danielp415 3 ай бұрын

I feel like living with 80-90k with no loans would provide a better quality of life than 250k and $1m in debt. That's insane.

@user-hi4vw9mu5o Ай бұрын

Well duh lol. But it’s relative, obviously having debt 4x your salary is terrible. But once it’s paid off, 250k a year is pretty sick. Imagine being 4x in debt but your salary is 30k, there’s no happy ending in sight there lol.

@epiclight858 Ай бұрын

Especially since this couple have to live like 'poor' people for several years. Debt is quite the humbling experience.

@rishit4897 Ай бұрын

A lot depends on how well his business goes. Obviously he will still be in a lotta debt but after 3 years or so, if the business goes well then they can live a normal lifestyle

@matthewc9806 Ай бұрын

Yes absolutely your 20 year outlook is better with 90k and no debt than 250k and 1m debt

@martinlutherkingjr.5582 22 күн бұрын

In the short term, yes. But he will probably make more than $250k once he’s got 10 years of experience.

@shaunmcinnis566 5 ай бұрын

My dentist told me they usually spend half their career paying of debt and the other half making a living and saving for retirement.

@doctorposting 3 ай бұрын

yup doctors too

@fire12731 3 ай бұрын

How sad

@shaunmcinnis566 3 ай бұрын

Agree. I couldn't image always feeling so far behind. Especially when you are in your prime.@@fire12731

@eliasvonbrille 3 ай бұрын

Us college is though jesus Christ. I always envied your salaries but looking at it from this perspective we make waay more 😅 The high doctors here make like 300k on average while in the US ones make 400k but ours have basically 0 student debt.

@Determination212 3 ай бұрын

I remember seeing somewhere that doctors make as much as teachers. Why bc it takes multiple years of schooling so then you aren't working during those years and loans etc.

@noahbatz6006 4 жыл бұрын

I'm going to become a millionaire *Uno Reverse card

@missyelle2749 4 жыл бұрын

Good one....

@ldelts33 4 жыл бұрын

I didn't mean to bust out laughing. Omg!

@AdroitBri 4 жыл бұрын

Underrated comment but this is sad and I feel bad for the guy.

@laneshanelloms 4 жыл бұрын

Rick Sanchez Wow!

@jaaxoon 4 жыл бұрын

Lol

@percyastronautstatus.8780 4 жыл бұрын

He sounds ........defeated..I can hear the sadness in his soul......I hope he gets his joy back....I'm praying for him.....

@mylesid 4 жыл бұрын

Percy Sherrod Sir/Ma’am, You are right! If things go down farther, he will be close to suicide! I speak from experience!

@writingonthewall3326 4 жыл бұрын

Yeah, man. Hey, you might like some of my vids

@danielrn133 4 жыл бұрын

he defeated hmiself.

@suzannejones7260 4 жыл бұрын

Suddenly my life at the poverty line after being suddenly widowed in 2019 doesn't seem so bad.

@johannesswillery5146 4 жыл бұрын

@@suzannejones7260 Prayers for you too : )

@DrBeauHightower Жыл бұрын

5800 a month in interest????

@billymabum3514 6 ай бұрын

Land of the free

@muaythaiplaylist 4 ай бұрын

@@billymabum3514the loaners are actually gonna lose money on him. After 25 years the loan is forgiven. So anything he hasn’t paid up until that point goes away. Still messed up but at least it won’t hit his credit

@earl12121 4 ай бұрын

@@billymabum3514Yeah but it kinda evens out with the massive incomes. USA people always seem like they're overpaid, but I understand due to the extremely high college cost 😅

@billymabum3514 4 ай бұрын

@@earl12121 that’s not true at all . That’s why most people struggle to pay off their debt

@Tehui1974 4 ай бұрын

Unfortunately, compounded interest works both ways.

@VenerableBede2510 Жыл бұрын

It’s a crime that the College Industry can bait and switch with predatory overpricing.

@drlisa3 4 ай бұрын

Bingo! 💯

@Jaminn724 2 ай бұрын

Unfortunately we fell victim to this. I was the first one in my family to go to college. My parents didn't know anything about it. I graduated with 200k of debt. I lived at home after graduating for another 6 years but I'm debt free! Better feeling then graduating 🎓.

@jtixtlan Ай бұрын

It just isn’t true. In order to accept the loan, the system makes you watch a demonstration on how interest works and how long it can take and how much more you pay the principal. You have to answer quiz questions correctly demonstrating understanding before you are given the page where you sign. They know going into it and they have magical thinking the someone else with pay it. He was smart enough to graduate from dental school, so he was smart enough to know what $1M is. Fortunately, he’ll make a million in take-home in about 6 years. The worst thing is that his finance is working without income or a retirement savings plan so he has more to put on his debt.

@fortyseventhronin 4 жыл бұрын

To his credit, not only did he go into a well paying field that the world actually needs, but he had the guts to call in, admit his mistake and ask for help.

@annagarcia1527 4 жыл бұрын

Yup, admitting the debt out loud is hard. My credit has always been great but I remember one time it being a littlw low credit score. I knew it dropped but I could never get the guts to look at my score. I finally had the guts to just look at it. And it was not as bad as I thought. But you just have to look at debt in the face and say" I see you. I can conquer this "

@---cr8nw 4 жыл бұрын

There's a lot missing from his story, though. I haven't priced orthodontic schools, but there is no way he racked all of that up in one straight run. He probably went to 4 or 5 schools, tried 2 or 3 majors before settling on orthodontics. He also put living expenses on it. I'm guessing you could get the same degree for under 150,000, probably even less than that.

@annagarcia1527 4 жыл бұрын

@@---cr8nw he also probably took out more just to cover expenses and to eat

@ericschrage9899 4 жыл бұрын

@@---cr8nw no way, not in the us

@deathlarsen7502 4 жыл бұрын

Sorry you don't get credit for that

@SergeantExtreme 4 жыл бұрын

"When a man owes the bank $1,000, he can't sleep at night. When a man owes the bank $1,000,000, the banker can't sleep at night." -Old Proverb

@amunra4015 4 жыл бұрын

I heard it differently. When a man owes the bank $1,000, he has a problem. When a man owes the bank $1,000,000, the bank has a problem.

@MrJaytheking 4 жыл бұрын

Why would the bank have a problem?

@EliteBadFrog 4 жыл бұрын

MrJaytheking because the man probably cant ever pay it back to the bank

@Alex-qn9og 4 жыл бұрын

When you owe the bank $1,000,000, that's your problem. When you owe the bank $100,000,000, that's their problem.

@Ahmadaziz1000 4 жыл бұрын

@@MrJaytheking Because they now have a million dollars to recover and will be afraid of not getting it back.

@iitchovereverything6020 11 ай бұрын

I had an anxiety attack just thinking about a million dollar debt. The world we live in is unforgiving.

@macromaxim2193 Жыл бұрын

Thank god he has a degree in a good field that a job is almost guaranteed

@HMMELD Жыл бұрын

That assumes he will get a job. Any number of things could knock him out of it.

@handsvsfood2781 Жыл бұрын

Thats not how math works. Especially at those numbers… he will die three lifetimes with that debt unless an actual miracle from god happens. Like a literal miracle captured in 4k for the world to see.

@buckeye-pe6df Жыл бұрын

With all the at home orthodontist options now, money and career prospects are going down in his field. Smile Direct Club and others like it are killing his business. He has to offer cheaper options just to compete.

@erinburke9711 4 ай бұрын

He said he has his own office and it's growing.

@sara-os5yz 3 ай бұрын

@@buckeye-pe6dfThis didn’t age well, Smile Direct Club just went out of business

@wessmall7957 3 жыл бұрын

He has enough debt for somebody to retire comfortably off his interest.

@imluvinyourmum 3 жыл бұрын

But now he does get to cruise on a guaranteed $300k+ per year with no risk.

@SamuelMM_Mitosis 3 жыл бұрын

@@imluvinyourmum yeah idk why people are so worried for this guy. Give it 10 years or less and he will be 100x better off than most people in these comments

@imluvinyourmum 3 жыл бұрын

@@SamuelMM_Mitosis I think it's just programming by Dave lol. Apple is billions in debt, it's what the debt is for and the return. If the debt is for an arts degree and u can't even get in the industry because u have no talent and don't put in the effort, that's a bad debt lol. But if you took out a $500k loan to buy your own truck and start your own logistics business that would guarantee you $200k the first year, that's a good debt.

@SamuelMM_Mitosis 3 жыл бұрын

@@imluvinyourmum well said.

@jadinmosley7124 3 жыл бұрын

What The you never thought what if he got fired or never got the job, you gotta realize a degree doesn’t mean you’re gone get or keep the job...... and 1,000,000 is hard asf to get just imagine tryna get out 1,000,000 in the negatives you might as well fine for bankruptcy😭💯

@relaxed_str8891 3 жыл бұрын

Imagine being this guy and winning a million dollars, and you’re net worth is at $0

@goynwa7110 3 жыл бұрын

No he’s income would still be negative because of the taxes lol

@leeham6230 3 жыл бұрын

Still richer than the average American at $0

@abrown4275 3 жыл бұрын

winning a million dollars is a good $600000 - $700000 after tax...so he still in debt

@IwinMahWay 3 жыл бұрын

Needs to yolo on gamestop 🚀🚀

@alexmoreno-ip9990 3 жыл бұрын

@@goynwa7110 what??? You guys pay taxes on lottery winnings? No tax on winnings here in Canada

@matthewseel5961 Жыл бұрын

This is why I don't trust all dentist's when they say you have a cavity.

@x9ii6 Ай бұрын

😂

@jennaarmerding81 Жыл бұрын

Pretty sure this guy was featured on “Borrowed Future” and he definitely took the advice. It shows the apartment he lived in and everything. He had it down to 600k at that point. I feel bad for him this is a hard situation.

@doctorposting 3 ай бұрын

if doctors didn’t borrow for the future, say goodbye to doctors

@bhe8336 3 ай бұрын

@@doctorposting If government didn't guarantee the loans, the colleges would be forced to lower tuition rates.

@ivnehaas 2 ай бұрын

@@bhe8336BOOM

@BlueDauntless 27 күн бұрын

Borrowed Futures is a Ramsey Solutions Documentary. And yes it seems like this guy was definitely on it.

@hayabusasun2514 4 жыл бұрын

This guy owes one million dollars and his fiance still married him, That is true love!

@MiguelHernandez-rw4xu 4 жыл бұрын

No doubt, she is a trooper

@KhanPopPuzzle1982 4 жыл бұрын

She’s a debt digger.

@edgehodl4832 4 жыл бұрын

Probably ignorance, pure ignorance

@princeofopinion2692 4 жыл бұрын

Or insanity.

@dks13827 4 жыл бұрын

Not me !!!

@mecca777 4 жыл бұрын

a million bucks in the red and he STILL has a fiance..... 👏👏👏👍👍👍

@shawnbrown4485 4 жыл бұрын

She's a keeper

@MesseJesse2 4 жыл бұрын

Couldn't be me!

@canadianjatti 4 жыл бұрын

shes thinking of the future income....

@JF32304 4 жыл бұрын

That's exactly what I thought! I can't even get the time of day. Lol

@carina0224 4 жыл бұрын

I heard that True love is real

@MichaelDavis-cj1yj 6 ай бұрын

Dave Ramsey's insights have been a game-changer for me! His practical approach to financial management has empowered me to take control of my money and work towards a debt-free life. The Total Money Makeover is my go-to guide, and I appreciate how he breaks down complex concepts into easy-to-follow steps.

@HotMustang 2 ай бұрын

@TinaMyles bruh

@macroevolve Жыл бұрын

Once in a while I go on a binge on a channel out of the blue, like this one. You listen to one situation and have to hear more.

@mikeymendez5231 3 жыл бұрын

Dave is actually 23 years old. However taking on the stress of his callers’ debts has aged him to a middle aged man.

@AB-se2st 3 жыл бұрын

😹

@riverdaletales8457 3 жыл бұрын

🥴

@waterheaterservices 3 жыл бұрын

At 61 with a 23 year old girlfriend, I needed that story .

@joshmack7170 3 жыл бұрын

@@waterheaterservices sus...

@IceColdProfessional 3 жыл бұрын

@@waterheaterservices Nice!

@skylarnutter2723 4 жыл бұрын

I’m willing to get braces AGAIN to help this man out 😭

@reganwolf4405 4 жыл бұрын

😅

@seansmith4150 4 жыл бұрын

Skylar Nutter 🤣🤣

@annagarcia1527 4 жыл бұрын

I loved my braces. Best 1,000 bucks I ever spent

@senzuu7465 4 жыл бұрын

@@annagarcia1527 I had to spend like 10k for them

@ebonylo. 4 жыл бұрын

Bro I hear ya fly out to him and everything

@annieseaside 5 ай бұрын

I am baffled. $1,000,000 divided by 8 years is $125,000 a year at College. WHERE was he going to school!!?

@bruces2665 2 ай бұрын

dental school is four years

@Heidirdh Ай бұрын

@@bruces26654 years for an undergraduate before they get into dental school, 4 years of dental school, and 2+ years to specialize in something like orthodontics. So he’s been at school at least 10 years. Imagine if dentistry was only a 4 year degree 😂😭

@al3220 Ай бұрын

@@bruces2665 Usually folks do 4 years before dental school.

@vaska1999 Ай бұрын

@@bruces2665 You need a first degree, first. And then, you get to pay those dental school fees, which I just googled. "Over four years, a dental student can expect to pay anywhere from $210,625 (public school) to $353,008 (private school) and up." And up.

@davinasquirrel7672 Ай бұрын

@@bruces2665 Orthodontist, so I guess there were further years on top of regular dental. Like medical specialists.

@w1thjd 5 ай бұрын

I owed 440k after dental school - no residency. My payment was 4500 a month for 25 years. I wasted 3 years trying to”income based” and trying to even mentally process the debt amount. Then I moved to rural area and lived on my husbands 60 k income and put my yearly 180k ( after tax) income all into the debt. And after 2 years i began to breathe a little. I still owe 60k though haha. My body aches from overworking past 7 years and i think i was suicidal every other month but i made it. Nobody understands this kind of debt - student loans go to grave with you and no bankruptcy. DONT GET INTO THIS KINDA DEBT. Being a doctor is not worth it because you will handle doctor level stress with NO gratification whatsoever.

@Trewq79 5 ай бұрын

Glad you're near the end of your loan! I'm a dentist myself; luckily total debt was $220,000. I plan on paying it off myself in the next about 6 months. Let's finish strong!

@w1thjd 5 ай бұрын

@@Trewq79 220k is nothing! Idunno if you are a new grad but can do that in a year or two . Don’t listen to other ppl saying invest in your CE and office and pay off slow while maximizing. Yes, a good running practice will give you wealth but it takes YEARS to get there while ur interest doubles and triples. You can do all that more effectively AFTER you paid off your debt. Anyways I guess this July we shall have something to celebrate about 🍾🍾🍾🍾

@mosesking2923 27 күн бұрын

@@w1thjd With the cost of medical school being roughly 240K along with the cost of living that would include food, housing and amenities, 440K seems totally reasonable. However, the original caller’s 1 Million debt indicates that he went to an undergraduate college that was out of state, 60K a year. Sorry, but that is a financially stupid decision. Nobody should go out of state college for any reason whatsoever.

@dmitri2366 7 күн бұрын

Can almost garantee she will leave her husband when she gets out of debt 😂

@w1thjd 7 күн бұрын

@@dmitri2366 well not everyone thinks like you.. we just had a baby post student debt and our marriage has never been stronger :)

@itsthemoises3175 3 жыл бұрын

Student loan debt is plaguing our country. I'm so determined to get out! Just paid off 60k in 2 years. A little under 10k to go 🎉🎉🎉

@overthinkingintrovert396 3 жыл бұрын

It's because of socialism. 😁

@itsthemoises3175 3 жыл бұрын

@Dumbelldoor thanks!

@justanotheryoutubecomment3558 3 жыл бұрын

So close keep making your money 💕

@394bowser 3 жыл бұрын

@@overthinkingintrovert396 uh, how

@itsmelissa__ 3 жыл бұрын

Awesome! Can you please share how you did it? Second job, etc.?

@avantiiresha6687 3 жыл бұрын

Am I the only one who thinks his fiancé is the best thing happened to him ? She is on board with him, accepted his gigantic debt, helps him in office and doesn’t even take money for her work ... dude you are so lucky

@Mak2Grim 3 жыл бұрын

she is such a soul man

@wmurray003 3 жыл бұрын

This is VERY true. So many times women try to take from you. She is giving this man life.

@jagofjokester1127 3 жыл бұрын

She's probably just a stupid as he is

@SummeRain783 3 жыл бұрын

“She doesn’t take any income out of the office” meaning she doesn’t get salary anywhere else. She gets paid through his practice. Many people do that as it serves a tax advantage. I am not saying she is less supportive by doing that. Just correcting the facts

@avantiiresha6687 3 жыл бұрын

@@SummeRain783 thank you for the info I appreciate it and yes I agree doesn’t make her any less supportive but good to know this tax advantage arrangement appreciated

@Mskyraelise 5 ай бұрын

This is tough. I feel so sorry for him. A lot of advice us students are given is to just get the degree and worry about paying it off later and then we're told not to work and just focus on school and this is the result unfortunately.

@chloerodgers692 2 ай бұрын

funny how he goes to school (as a career) but not smart enough to figure out his finances. I do not feel sorry for him

@Mskyraelise 2 ай бұрын

@@chloerodgers692 school does not teach finances very well and what they do teach is usually not the best advice anyways. I have never learned anything about finances until actively choosing to myself at 24. There are many people in this same position.

@martinlutherkingjr.5582 22 күн бұрын

@@chloerodgers692It’s not really a big deal as long as he doesn’t become disabled. He’ll make tens of millions in his career.

@nightcoreloverify 3 жыл бұрын

Well I'm done complaining about my S13,000 Student loan

@ZFKATNBADGER40 3 жыл бұрын

Yea, that’s really nothing

@Nonameagain80 3 жыл бұрын

Lol

@coolboone3099 3 жыл бұрын

lol, and Im done complaining about my 18,000 student loan debt

@a46475 3 жыл бұрын

You mean bragging about ...

@tpespos 3 жыл бұрын

Naa imma still complain about my $93,000

@MrShootDat 3 жыл бұрын

He better start an onlyfans as a side job

@xxxBradTxxx 3 жыл бұрын

his fiancee would make more money 😅

@saranwright7113 3 жыл бұрын

😂😂😂😂😂

@ElaineLoyd 3 жыл бұрын

Does he sound 🔥

@RandomGuy-ct7ns 3 жыл бұрын

Teeth fetish

@Speedpunk650 3 жыл бұрын

If he were female, good looking, and had a PC this debt wouldnt be an issue

@roberthuster1503 Жыл бұрын

Dudes going to make it. Big mess but he's organized and has a big shovel. I'm pulling for him and his family

@ookookook 2 жыл бұрын

I love Dave's reaction @4:10 - we're all Dave at that moment.

@macumbeiro_xx 4 жыл бұрын

Business idea to become rich: open up an orthodontist university, I just need one student and I'm set for life.

@shutupandeatasmr4498 4 жыл бұрын

😂💰

@user-vz5du9db2b 4 жыл бұрын

Word

@macumbeiro_xx 4 жыл бұрын

Thanos: everything

@johannesswillery5146 4 жыл бұрын

Brilliant!

@napa2981 4 жыл бұрын

😂

@doubletrouble2910 4 жыл бұрын

This is why braces are so expensive. We’re paying off the dentist student loan debt.

@naomitorres1829 3 жыл бұрын

🤣

@imluvinyourmum 3 жыл бұрын

I never feel sorry for the dentist. If I could give bills like that for working that amount of time I'd be walking around with a Mr Monopoly man hat.

@kawa1755 3 жыл бұрын

500 dollars in mexico just adjust them in the states.

@Vita-a-stelle-e-strisce 3 жыл бұрын

That’s USA. So sad.

@imluvinyourmum 3 жыл бұрын

@@Vita-a-stelle-e-strisce U have to get loans in most places, Australia, the UK for example. The quality plummets when it's all community college, no university in the top 100 is free.

@Madlyn55 3 ай бұрын

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>

@Annis-co7vu 3 ай бұрын

I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,

@AudraZapoticky55 3 ай бұрын

how do I get in touch with this consultant that assist??>>>>

@Annis-co7vu 3 ай бұрын

STEPHANIE KOPP MEEKS, that's whom i work with look her

@AudraZapoticky55 3 ай бұрын

Thanks for these recommendations.....,,,

@robertbell525 5 ай бұрын

This is an oldie but a good one. A lesson for students: be prudent about what you are borrowing, and pay the interest along the way to keep the balances from growing. My kids have loans and are still in school. I pay just the interest, and more when i can. We've already paid a few off. Your loan servicer shows you how much interest has accumulated and you can calculate it each month. At least pay that. Hopefully this guy made some progress during the COVID pause.

@PracticalBibleStudies 4 жыл бұрын

$1 million in non-bankruptable debt.... This hurts my soul.

@Bigshiesty1 4 жыл бұрын

Practical Bible Studies drive the dagger through my heart

@groofromtheup5719 4 жыл бұрын

at least he has a degree and a career. Many people go incredibly into debt, and don't have a degree to show for it.

@handleyobusiness 4 жыл бұрын

@Orthodoxy or Death It’s true. Only way student loan debt goes away is by payment or death. 😢

@PracticalBibleStudies 4 жыл бұрын

Orthodoxy or Death This is America, where we feel pressured to pay a ton of money for things we don’t need. Student loans must be paid back. There’s absolutely no way out other than death or paying it. It’s creating the next economic bubble that could be the end of the American economy.

@PracticalBibleStudies 4 жыл бұрын

Mike Brown (Bassist) I agree that bankruptcy isn’t something to just get a free pass. But if someone has a bad enough set of circumstances, there can be grounds for bankruptcy. His situation is certainly manageable right now.

@robertvillafane3753 3 ай бұрын

I’m a trucker making $100k and when I hear this type of stories I tell you, I’m so happy to be a trucker

@BenState Ай бұрын

in 10 years he will earn 500K plus and be debt free

@ashleyp02 3 жыл бұрын

when I heard him say that the interest is $5800 A MONTH, my heart dropped

@aroncampos5720 3 жыл бұрын

Same omg. That's more than the vast majority of Americans make period.

@apoliticallevi 3 жыл бұрын

Same 🥸

@TomikaKelly 3 жыл бұрын

Right. That's my rent, health and car insurance, car note, food, gas, groceries, water, and light bill with some international travel money left over. 😳😳😳

@jdstep97 3 жыл бұрын

Actually, if he will be earning $250K per year, he should be able to live on only $100K, he and his wife. Other folks can live comfortably with that. With that, he should be able to pay about $10K per month on the loan. Just set up direct deposit and forget about it. Just say his income is $100K per year and forget it. Let the autopayment take over.

@jeffinmathew7857 3 жыл бұрын

Ikr!!! Wth!

@MrFunknation Жыл бұрын

He has the title and the debt. I've met a couple of Dr's in the same position. Stay strong.

@awilliams382 2 жыл бұрын

I literally got sick to the stomach when I read the title!!! I couldn’t imagine!! This has to be so stressful!! Please help him Dave!!!😲

@Guard385 4 жыл бұрын

this man graduated at the top of his class with an advanced degree in Debt Slavery

@deanpagliaro1252 4 жыл бұрын

He can be a multimillionaire in a decade or two if his business takes off.

@emperorceejay1655 4 жыл бұрын

He opened a business I'm hoping in a few years he and his future wife are multimillionaires 👏🏾

@Kevinwatches 4 жыл бұрын

@@emperorceejay1655 I'll be his accountant if he does free dental work for me🤣 I just graduated debt free but need 30k in dental work done🤦‍♂️ *I take that back, I can pay off my student loans and be debt free but still need dental work or get dental work and have student loans

@bigd3721 4 жыл бұрын

A homeless man is more rich than him

@darkman35 4 жыл бұрын

Yes/no

@kabulbolan 4 жыл бұрын

Homeless man makes $0. He makes $250k. I’m sure he can pay that off in about 5 yrs or even less

@bighands69 4 жыл бұрын

@@kabulbolan That guy will have a career lifetime earnings of about $10 million. How is a homeless person worth more than that? At some point down the line he will end up with a beautiful florida home with a nice big house and no mortgage. That million will be a distant dream.

@jared6361 4 жыл бұрын

@@kabulbolan no way in 5 years. 10 minimum

@gsaleen5644 4 жыл бұрын

probably happier !

@stephaniemanchester-chermo3840 Жыл бұрын

Student loan debt is the worst mistake that most young people make. I’m glad I dropped out of school in the 10th grade and got to work actually making money instead of partying and dreaming in school.

@drelezar7745 Жыл бұрын

Yeah… you had me until you said you dropped out of 10th grade. I’ve always believed College should depend on the person, but EVERYONE should get a highschool degree at the minimum. You’re lucky someone was willing to hire someone without even a highschool diploma

@krissifadwa Жыл бұрын

Sometimes, I cannot watch this channel. It's too painful. I don't know how Ramsey does this. More power to him 👍

@jakeschneider2113 4 жыл бұрын

”I’m doing well” *next sentence* “I’m about 1,000,000 in student loan debt”

@jacobsnyder6591 3 жыл бұрын

Lol

@imluvinyourmum 3 жыл бұрын

He's earning $200k working 3 days a week though lol, that's some juicy figures.

@hugolizardi1479 3 жыл бұрын

that's a great oxymoron lol

@hugolizardi1479 3 жыл бұрын

@@imluvinyourmum firefighters in CA make that too with substantially less schooling

@newchangeunlisted_viewer5594 3 жыл бұрын

@@hugolizardi1479 that's cap bro no wayy I wanna be a firefighter

@Oldnoname 4 жыл бұрын

The fact this is even possible is what's wrong with america

@Sniffmesexy 4 жыл бұрын

no name exactly

@LouisMihai 4 жыл бұрын

This is what happens when the government gets involved with student loans

@gibble1176 4 жыл бұрын

We have to get the government out

@Calamity_Leo 4 жыл бұрын

Yep

@kayw1771 4 жыл бұрын

Ok guys, get the government out of it...so that would take care of the federal student loans but what about the private loan companies? Lol

@christinaconner6154 10 ай бұрын

This shouldn’t happen. We need orthodontists, doctors, medical professionals. Why do we punish people with A MILLION dollars of debt and interest for pursuing these fields? This is horrible. It’s not like the guy went a million into debt for a nothing degree. We wonder why people don’t want to have kids, why we have a shortage of medical professionals, etc. absolutely criminal that universities and student loan companies are allowed to do this to people. It terrifies me that the problem will only get worse with time. Pretty soon no one will be able to see a doctor because there won’t be any, because we have allowed this to happen. Why would anyone in their right mind saddle themselves with this much debt? Few will I’ll bet, and we will be in trouble when we can’t see a doctor. As for your last comment Dave - that’s a bad take. I’d understand if he got an art degree, but this man is going into the medical field to help others. We ALL need doctors and setting people up for failure with that much debt will have consequences for decades.

@auemmjee 7 ай бұрын

Same reason we pay a shit ton for health insurance or for services out of pocket..... because they make hundreds of thousands of dollars a year once they are working

@cesaravegah3787 6 ай бұрын

You dont, this guy chosed that path

@Kaiyats 6 ай бұрын

One word control debt is how the system controls these professionals

@Election-sv6ok 6 ай бұрын

@@auemmjeeThe money is not really on the clinicians. The money makers are the insurance companies. If you look at their profit, you will say that what clinicians make is not really that big

@TheNotimprezed 2 ай бұрын

He chose to rack up $1 million, likely spent years in private college, borrowing the max and having $250,000 in debt before even starting orthodontist school. I met several people like that - racked up 6 figure debt over 5-6 years and then commit to professional school for another $250k. And all those loans accrue interest while your in school. Even borrowing 100% of tuition and living expenses he could have graduated with about $250k in debt - the other $750k is a choice.

@fernandosilvera3669 9 ай бұрын

Dave was speechless for a moment because he didn’t want to be to tough with the guy … extreme cases… I would say God bless you and hang up because it is overwhelming to even think about it 😅

@calidreams5379 4 жыл бұрын

Who were the idiots giving 1 million in students loans to one person!

@tdgdbs1 4 жыл бұрын

He is a dentist and just finished his residency for orthodontic; good income is guaranteed. Low risk loan in my book.

@jackdonnelly427 4 жыл бұрын

Rootless Tool lender is insured by the government though. They have no risk, therein lies the problem.

@RagnarLothbrok2222 4 жыл бұрын

Rootless Tool the lender is you, that’s the problem. The federal government guarantees them and we will all be stuck with the bill when this blows up while the 3rd party lenders and schools get unimaginably rich

@amsears60441 4 жыл бұрын

Rootless Tool HAHAHA NO

@amsears60441 4 жыл бұрын

Cali Dreams I would

@TheGearShots 4 жыл бұрын

I told a coworker yesterday that I’m gonna save up $200,000 so I can buy a house straight cash and he told me that’s impossible. Time to prove this boy wrong.

@michaelb.8953 4 жыл бұрын

Save up enough to buy a house for $100,000 cash or less then you're living rent and mortgage free and then you only have to save up another $100,000 or so as it should be far easier with your increased cash flow. Sell the present house to go towards your new forever home added together with you $100,000+ savings and you got this. Definitely doable as it should only take you 4 to 5 years maybe less. Good luck and continue being a leader.

@boxfox1239 4 жыл бұрын

Very possible. If you earn 70k a year save 40k. Live wayy below your means

@happydays9613 4 жыл бұрын

Your Co-worker jealous. Anyone that tells me I cannot do something. I make a sure point of doing it. Who are they? No one important. Go change that dream into reality.

@ChrisMFlorida 4 жыл бұрын

Yes!! Do it man!!

@chrisludwig9783 4 жыл бұрын

Not impossible at all. You can do it

@matthewjensen524 10 ай бұрын

I remember graduating with $105k student loan as a Pharm.D back 10 years ago… oh boy the excitement of getting your schooling done quickly replaced by the anxiety of paying this 105k loan. At least I got it paid off in 1.5 years working 50 hours a week earning 180k-200k a year. A million student loan debt ? Oh my god I would have died.

@NataliaDiazJackson Жыл бұрын

God bless this man. God bless his courage and his hope. god bless him. Must be so scary. x

@rosebflowin 3 жыл бұрын

Jeez.... he opened his office right before quarantine.... let's hope this man is still alive....

@stevensoffer7568 3 жыл бұрын

In Florida though. Interest also stopped accruing. Corona could’ve actually saved him!

@waterheaterservices 3 жыл бұрын

We are all going to die!

@reefym2627 3 жыл бұрын

@@waterheaterservices we better

@riverdaletales8457 3 жыл бұрын

@@reefym2627 suicidal?...

@axlenr1860 3 жыл бұрын

@@riverdaletales8457 Realistic

@user-kf6xz4eg7h 3 жыл бұрын

I’m so glad I went to a community college first and then transferred to a cheap university after that. I graduated debt free. Glory to God 🙏

@jdn_4163 3 жыл бұрын

If you don’t mind me asking what job do you have and how much do you make?

@ghrvjdev 3 жыл бұрын

Amen

@ECUCHRIS904 3 жыл бұрын

It's all about credentials.

@christinay8256 3 жыл бұрын

Amen

@b.s.m9732 3 жыл бұрын

Your smart.

@mehmeterdogdu7814 11 ай бұрын

continuously helped me like you have. I thank God for your presence in my life. Thanks a lot!!!

@Jordan-vr3os Жыл бұрын

I saw this guy’s story in Borrowed Future. Really heartbreaking

@minuit6305 3 жыл бұрын

1M in student debt?? I didn't even know that was possible!!

@MadOrange644 3 жыл бұрын

How did that happen

@mjwahba 3 жыл бұрын

he’ll be making 500k+/ year in no time. If he works for 30 years, 15M is worth the 1M of debt. There’s a reason why dental schools feel like they can charge that much

@MadOrange644 3 жыл бұрын

@@mjwahba Assuming he keeps his job for 30 years.

@gamerincorporated154 3 жыл бұрын

Especially for an orthodontist

@mjwahba 3 жыл бұрын

@@MadOrange644 he’s self employed .... has his own clinic, you think he’ll fire himself?

@vanessalynn4064 4 жыл бұрын

“It gives me an anxiety attack and it’s not even my debt”. Me too Dave 🤯

@jesusbalderas329 4 жыл бұрын

Vanessa's World I saw a millionaire asking for food at the food bank. This is the guy.

@bighands69 4 жыл бұрын

His situation is not as it appears. He will over the life of his career earn 10 million minimum. And with good wealth creation he can easily obtain a net worth of 20 million. He is the 1% of the 1% in that he has graduated with a fellowship in his specialist field of dentistry. That means he has done dentistry school and then orthodontic training. I would say what he has done is worth it. The one million does seem extreme but in the big picture it is nothing. Now if he graduated architecture or physio with 1 million that would be a different tale.

@daniellestephen1363 4 жыл бұрын

I can relate! When my friends/family tell me about their debt, I freak out. I have $12K in student loans left to pay and that stresses me out enough. When I hear people say they have 100s of thousands in debt, it affects me emotionally lol

@tacticalheadlampwithstrap3184 4 жыл бұрын

Yes! I thought the same!

@briank8697 4 жыл бұрын

Student loan debt is for suckers

@milkwad Жыл бұрын

probably the best short line of text I've ever witnessed.

@darkpoetik5375 Жыл бұрын

Hearing this man's troubles makes me feel better about my own life...

@andrewgrant2948 3 жыл бұрын

Imagine still having a fiance after they find out you are $1M in debt...

@Emma_madison 3 жыл бұрын

Isn't it love

@kasiwilliams5927 3 жыл бұрын

They must be in love I’ll run opposite direction if I was her.

@iamnottheone3020 3 жыл бұрын

I would not marry him just yet😉

@ddw-ge1ss 3 жыл бұрын

Probably misheard him saying one million and thought he had that lol

@re9024 3 жыл бұрын

first thing I thought

@joshkrolicki9631 4 жыл бұрын

At least he has a high income skill, he's attacking the issue not complaining about it, gotta respect that

@baldkat82 4 жыл бұрын

that is true, but I can't believe school should cost anyone that much. My wife is a lawyer and her student debt is 1/4 of that. That's a doctorate too.

@crimansizers5840 4 жыл бұрын

@@baldkat82 The lawyer makes 120K and the ortho dentist makes 230K according to bls. Also this dude probably went to a private school. At a public he would have about 400K + residency.

@baldkat82 4 жыл бұрын

@@crimansizers5840 my wife makes 250k, not even as a practicing attorney but as compliance director, and went to private school for undergrad and grad. She passed the bar too. His college costs just don't make sense.

@crimansizers5840 4 жыл бұрын

@@baldkat82 I agree, it should be 400K if he was smart(er). That being said I was citing averages. I know an ortho dude that makes ~ 375K and owns his practice.

@alexandrar.4900 4 жыл бұрын

Christopher Homer Dental school can cost up to half a million dollars in tuition, plus living expenses. Also need to take into consideration undergraduate and a possible master’s tuition and living expenses. All that interest could be accruing while in dental school I think? Also not sure if the dental residences have fees. It does make sense when you consider all of this because dental schools are not cheap in the slightest. They cost more than medical schools and if you only get into one dental school and it happens to be one of the highest in tuition, you have to go there. It looks really bad to apply to dental school a second time if you got in somewhere else but turned them down, you could jeopardize your chances of getting into a school and then would have all that debt with not a high enough salary to repay it.

@NipItInTheBud100 5 ай бұрын

$1,000,000 in debt and he makes $250,000 a year? No big deal. No wonder going to the dentist costs so damn much!!!

@prantikdutta5095 3 ай бұрын

pre tax, out of those 250k around 40% will go on tax. Above that they have to live, so basic needs will cost around 30-40k per year (depending on their lifestyle). So yeah it is a big deal.

@naamgill4839 4 жыл бұрын

I will share this clip with my parents who kicked me out for not going to school. I make 50k no debt what so ever. Not even a penny I owe.

@brownhippiex496 4 жыл бұрын

Naam Gill proud of you

@jayyjean638 4 жыл бұрын

Some people make 50,000 annually and have spent 100,000+ to do so.. Your not doing bad at all! Lol.

@mattbush3735 4 жыл бұрын

You're better off than this guy.

@texasrebel7754 4 жыл бұрын

Good for you.

@itsmamawolf 4 жыл бұрын

What’s your job?

@3of11 4 жыл бұрын

Don’t own. Don’t even rent. Live in that friggin office. Set up a couple cots and get a microwave and a one burner stove.

@deej628 4 жыл бұрын

Lol there goes his fiancé.

@DubRighteous 4 жыл бұрын

If she won't live through the storm with him she doesn't deserve the nice weather later.

@AFTone144 4 жыл бұрын

@@DubRighteous None ever do because discipline is strictly a male trait. Females cannot see past tomorrow.

@sashmp3869 4 жыл бұрын

@@DubRighteous you sound bitter who hurt you 😂

@TheBanjoShowOfficial 4 жыл бұрын

@@sashmp3869 how does that sound bitter in the faintest sense? This literally sounds like projection

@MontgomeryMall 4 ай бұрын

The orthodontist calling in to Dave Ramsey is Justin McDaniel DMD of Jacksonville, Florida Though he graduated with his bachelor degree debt-free, McDaniel finished dental school with “somewhere around $400,000” in loans that grew to around $600,000 by the time he went to school for orthodontia at a cost of $95,000 per year.

@rocknjock872 11 ай бұрын

3 years later, I'm watching this. I am curious how this guy is doing. Hopefully he is making good progress. I often feel overwhelmed with $175,000.

@K.E.A.9.4. 9 ай бұрын

It’s a fake call

@johnallen3497 9 ай бұрын

@@K.E.A.9.4. He was featured in Dave’s money, “Borrowed Future”. It’s a legit call

@christianespino2422 7 ай бұрын

@@K.E.A.9.4.haha how do you know?

@LegDayLas 6 ай бұрын

@@christianespino2422 Maybe because their is not a single school out there that over 8 years charges there students 1m? The most expensive school in America is Harvard at like 75k a year (for out of state, in state is way cheaper). That's 600k in debt. Yes, there is no definitive proof that it is fake, but all you need is common sense to put 2 and 2 together that the chances this was an honest caller are astronomically low.

@AB-jq6gk 4 жыл бұрын

I hate the fact that when he will become a millionaire , he won’t become a millionaire

@wellthen4128 4 жыл бұрын

He'll be like us. One of us! One of us! A normie.

@mujjuman 4 жыл бұрын

his loan will be forgiven in a few years and then he will just start racking up the money while we the tax payers pay off his debt.

@andygarcia9477 4 жыл бұрын

mujjuman as you should as education cost for dentists is high bc anyone can get loans & not finish college which is 40%+ (;

@madarchermoto4955 3 жыл бұрын

That sucks lol

@0doublezero0 3 жыл бұрын

@@mujjuman Only if you are on PSLF and working as an employee at a public hospital is all debt forgiven (this takes 10 years not a "few" brah...). Not true at all for REPAYE or PAYE, where even if the debt is forgiven in 20 years you still have the tax bomb for all the unpaid debt. This dude will still be paying at least $300k in debt BARE MINIMUM the REPAYE/PAYE route!

@fsmoura 4 жыл бұрын

Caller: _"I have a million dollars in debt"_ Dave: *_*breathes with difficulty*_*

@lovethemflowers 4 жыл бұрын

@ fsmoura - while several listeners have to lie down with their feet elevated higher than their heads . . .

@HomeGrownPyro1 4 жыл бұрын

Lol yea I think Dave had to pop a nitro tab under his tongue for the chest pains he had after this call

@geoffreysserwanga7996 4 жыл бұрын

Dyspnea... haha

@georgesotiriou7051 4 жыл бұрын

It would be funny if Dave calmly said: ''OK how much do you owe on your car?"

@CAsaidit 4 жыл бұрын

I have to click out of these videos sometimes because it’s gives me too much second hand anxiety.

@wmedinaful Жыл бұрын

I wouldnt marry someone with that much debt, its so much stress. Money problems are a huge reason why relationships dont work.

@stevennguyen4993 5 ай бұрын

$250k salary? He'll be alright so long as he learns to live off of a $60k salary. His struggle would be making that lifestyle adjustment.

@gamesofcontent 4 жыл бұрын

me: *graduates with $25,000 in debt and an engineering degree* "I AM NEVER GOING TO FINANCIALLY RECOVER FROM THIS!" *see's this guy* "OH THANK GOD! At least I am not him." I have since paid the debt off. Since this video was posted, but I come back and watch this when ever I want to buy something I would have to finance.

@fortart6547 4 жыл бұрын

Bro juts invest in stocks and crpyto and real estate you don’t need a degree to be successful sooooo life choice baby

@joshuas3897 4 жыл бұрын

@@fortart6547 If it was that easy everyone would do it lol

@autumn_breeze616 4 жыл бұрын

Compsci major looking at a prospective 40k of debt in a couple of years. This is some good perspective lol.

@bobobobobobobobobo9393 4 жыл бұрын

Joshua S it is that easy but people just go to college because of peer pressure

@church6457 4 жыл бұрын

@i Bee Amazin I think most of us feel better about our student loans after hearing this one--makes most 5 digit student loan debt amount seem like a cake walk in comparison.

@makeapennycry 4 жыл бұрын

I don’t think even Dave was confident about this one today.

@pgoeds7420 4 жыл бұрын

Put some teeth under his mutual fund pillow at 12%.

@stephensantiago603 4 жыл бұрын

The 1 million dollars threw him off so much it looked like he forgot the question for a second.

@2cents186 4 жыл бұрын

Yeah it’s one of those you’ll be okay lines.

@---cr8nw 4 жыл бұрын

@Johnny Five, he knows exactly what to say: stop guaranteeing loans and start underwriting them again. The "crisis" is that we're allowing it to continue getting worse.

@Kimun888 4 жыл бұрын

how much is his interest, 5800 or 50800???

@xpeterson 5 ай бұрын

It’s crazy that student loan debt isn’t tax deductible, it’s the epitome of a thing you need to purchase before you can make money in your trade. 401k can come out of your paycheck before taxes so you can save for retirement, but we’re gonna tax the shit out of the money you need to pay off before you can start your retirement. I don’t even have student loans, this is just absurd.

@Jamaal225 4 жыл бұрын

Imagine going $1 million in student loan debt.. Caller: Hold My Degree

@Bae_mackx 4 жыл бұрын

I can’t even believe like Dave said that this was an option- that there weren’t more checks and balances in place to prevent this. I guess our future children’s teeth will be in good hands ?

@Bae_mackx 4 жыл бұрын

Trust the_process I thought I don’t care how much i love the dude. I would run!!!

@bighands69 4 жыл бұрын

@@trustthe_process4371 That guy through his own practice will have a lifetime career earnings about of about $10 million. And that does not include wealth creation.

@bighands69 4 жыл бұрын

+theron12 That guy is going to earn some money throughout his career. The million looks like a large number but his life time career earnings around going to be around 10 million and with wealth building he could easily be hitting 20 million in wealth valuations.

@michaelwatson2167 4 жыл бұрын

@@Bae_mackx I have exactly the same thought. I agree with your comment!

@michtig 3 жыл бұрын

this is why dentists want to take every one's wisdom teeth out at age 14

@beastmode4ever502 3 жыл бұрын

🤣🤣🤣🤣🤣🤣🤣🤣

@siiiriously3226 3 жыл бұрын

yeah, really gives you a ton of trust that your dentist has your best interest at heart, right? :D hail capitalism.

@jjjackson5183 3 жыл бұрын

And fill teeth and then cap the same tooth later.

@Siouxthenation 3 жыл бұрын

They wanted to take mine and said there was no room. They've grown in fine

@violettippet5246 3 жыл бұрын

@brandon I was 30.

@denverdoyle184 2 жыл бұрын

His fiancé must really love him to marry him with that amount of debt. That’s insane. 5800 dollars of INTEREST PER MONTH?!?! My heart rate is going through the roof With that.

@stevebutler812 Жыл бұрын

Only thing I could think to add to that interesting discussion, was he should probably have some sort of income protection plan/insurance in place in case anything happens to him.

@lindseydickey9282 3 жыл бұрын

"Gives me an anxiety attack and it isn't even my debt" LOL same, Dave

@ericshang7744 3 жыл бұрын

actually this guy is not in the worst situation because he has a very large income. he probably need 8-10 years before he can pay it back, then enjoys the big income after that.

@mountaindistancestrider6855 3 жыл бұрын

of course he knows this poor fella is going to have to pay it off

@joycesmith5141 3 жыл бұрын

@@ericshang7744 diesel GJuk

@honeybeemonique 3 жыл бұрын

Right i agree anxiety is through the roof

@Gemsofafrica Жыл бұрын

First world country people are always having anxiety attacks.. wonder why that is

@JoseGonzalas 3 жыл бұрын

That is straight up terrifying, I would be living in a van and eating rice, for real

@happytappyslappy 3 жыл бұрын

Nope... I’d just be living in a van down by the river.

@snowboard424 3 жыл бұрын

@@happytappyslappy I just want to let you know I appreciate your comment

@cbowser3 3 жыл бұрын

I would purchase a one way ticket to some African nation 😂

@adepejuful 3 жыл бұрын

@@cbowser3 Welcome Home

@LilWoppo 5 ай бұрын

This makes me feel good about my situation

@AJGreen-cn8kk Жыл бұрын

Every time I watch one of these I get to remind myself how lucky I am. Back in the Viet Nam era , when I got out there was the Illinois Veteran's Scholarship. I got to go to any state supported college for four years for ZERO dollars! Got VA benefits ($460 a month!). My wife worked and we had no car payments. We did OK! I feel so sorry for the young people today. Our supposed leaders have truly screwed them.

@smbleesing3820 3 жыл бұрын

"How are you?" "I'm doing well Dave. Anyway, I'm a million dollars in debt"

@Michelles_Daughter 2 жыл бұрын

😭

@michaelterrell5061 2 жыл бұрын

That’s a good man.

@matt.108 2 жыл бұрын

I wouldn’t know what to say good god.

@The_Keshia_Foundation 2 жыл бұрын

🤣🤣

@pozloadescobar 2 жыл бұрын

Happens a lot on Dave's show lol. First sentence is an upbeat greeting, second sentence is a statement of unbearable financial pain

@philfalgout1 4 жыл бұрын

Almost $6000 a month in interest!! Ouch!

@minimalmiranda471 4 жыл бұрын

That makes me saaaaad

@JK20239 4 жыл бұрын

His income is 180 after taxes. Putting 120k is the most... Dave is nuts...

@warwagon 4 жыл бұрын

That makes me sick

@Cody_Ramer 4 жыл бұрын

Josh if his income is 180k after taxes he should live on 30-35k and put 145-150k on debt.

@sunshinelawfan7693 4 жыл бұрын

Two people can live in Florida on less than $120k/yr, net.

@sewmeonekenobi639 5 ай бұрын

Can you imagine what the debt is now, four years later. Wish we could get an update.

@BitterComments 5 ай бұрын

Go watch the Borrowed Future documentary. He makes an appearance.

@Doriesep6622 Жыл бұрын

I got a few student loans, paid off gradually. I learned there is a big whopping fee Universities charge, kind of like a handling fee. Some careers require prestigious degrees, such as prestigious law firms, or university professorships, but if that if not the case with your career choice, go to community colleges, state universities.

@Jamaal225 4 жыл бұрын

Sally Mae: when can we expect payment Me: you can expect payment whenever you want. Getting it is a whole another Story😂

@samr9622 4 жыл бұрын

I know that’s right 😂😂😂

@Zmurf_N_Turf 4 жыл бұрын

On me bro lol

@juniordunkley5298 4 жыл бұрын

As s foreign to conclusion that the United States is in sever trouble ax s nation the levels of student,autio,medical ,credit card debt is appalling this society is totally bankrupt how this country considers itself a superpower is a joke China has replaced the USA as the premier power what s joke country

@BogusJesus 4 жыл бұрын

@@juniordunkley5298 , the day of reckoning is near.

@pegasus8873 4 жыл бұрын

Sammy Sosa But that’s what you agreed to!

@dorapierres 4 жыл бұрын

I'm here cuz I wanna feel better about my situation.

@TheKnellBelle 4 жыл бұрын

Haha you picked the right segment...

@americanmade36merica99 4 жыл бұрын

Lol, I'm here for the same reason. I also love listening to Dave's opinion and advice, on people's financial problems

@nczioox1116 4 жыл бұрын

He can actually dig his way out in 6-7 years if he follows Dave's advice. And then he'll be making $500k / year

@nczioox1116 4 жыл бұрын

@Thelondonbadger yeah true that. People will waste money on cars and restaurants, not realizing they are throwing away millions in lost future investing potential

@jerlinerodriguez8064 4 жыл бұрын

Preach girl!!!

@skylarsteel91 4 ай бұрын

The fact that the government allows this much money to be borrowed is a joke

@kaylakinker7823 Жыл бұрын

I am in a similar situation as this guy. My husband and I got married and went to medical school together and long residency training programs with a split income as we were not even in the same city plus all the expenses of travel to see one another. Neither of us come from money. We have a mill between the two of us. We have more earning potential though. We are likely to to make about 500k or more a year combined before taxes. I'm still nauseous thinking about it. I still don't understand if it's better to pay off high interest low sum loans first or low interest high sum loans or pay all together.

@chadj6380 Жыл бұрын

Always start with the high interest loans, it will save you more money long term. Good luck, I was in your shoes but in a less extreme situation.

@wty1313 Жыл бұрын

To me it depends on what the differential is. If your high balance loan, combined with the given interest rate is such that you are still paying more real dollars in interest every month, you want to bring that down to the point where you are paying less interest than the low bal/high interest loan. You need to calculate it out - it's not just a matter of interest rate, it's a matter of how much you're losing in interest.

@joziewales1965 Жыл бұрын

should’ve joined the military

@watanabi23 4 жыл бұрын

I'm a dentist and was 1.4 million in debt two years ago. I'm in a better place now, obviously still in 6 figure debt, but I used to wake up in the middle of the night panicking. I dont own any vehicles over 30K and rent a 3 bdrm home as I have two little ones. The cost of the profession is immense and I didnt have help like many of my colleagues who had parents paying for their schooling, etc. I feel his pain but he needs to make more sacrifices and be smarter with his money. Those loan interest rates are ridiculous. I havent paid myself out of my practice for 2 years to pay down debt and am working on the side so as to provide for my family. We all make mistakes but we need to take responsibility and fix them.

@nhgriff1 3 жыл бұрын

The math is simple. If you can't afford the debt, choose another career!

@TheJeffdabomb 3 жыл бұрын

Holy moly dude. I wish you best of luck on this huge task, and I admire your willingness to take responsibility for this. You can do this!

@chick-n-tatermelt6203 3 жыл бұрын

that’s tough my guy. keep your head up don’t give up. there are many more w the same story

@putinsgaytwin4272 3 жыл бұрын

Izzysmom no just get a free degree in Europe in a country with a super high minimum wage to rent ratio like Germany, Belgium Sweden Finland etc. European university’s are often taught in English so you wouldn’t wed to worry about that. I’m lucky that I live in Europe and I’d have to pay very little for university. Might move to the UK where salaries take into account student loan debt after my degree. In Germany you’d have to work 3 hours a week to pay for accommodation and the degree is free. You also do a work placement that can pay €50,000 a year with rent @3600 that counts as your degree. It’s very similar in other European countries.

@TB-rx1ue 3 жыл бұрын

My heart goes out to you! You got this though. You are temporarily behind, but you’ll outpace the rest of us if you keep your head down :)