Kid doing a debt free scream while the dad holds the student loan is hilarious

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

So the kid did a debt free scream because dad is paying the bills?! Dad was stupid.

"Well if I was that smart, I wouldn't BE in this situation..." favorite part of this call!

I wish Dave would have asked him, “How much do you owe on your mortgage at This age?”

He sounds and an awesome person and father!

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!

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.

Dude is humble and probably very generous to spend money for others and never thought about debt elimination.

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.

I bet they have both been kicking this down the road for decades.

“Hi Dave and Tom” Then the way they look at each other at 0:09.

Calls like this are why I’m subscribed.

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.

Never Parent Plus Loan. Never do that. That's free money for the people up top.

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.

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…

Than you for the confirmation😉I was just thinking about picking up another job . Looking now

Sorry Dave. But there’s no chance they will be millionaires by 65.

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.

So the son really didn't pay off everything bc his Dad owns the bill 😅

Dave handled this one soooo well.

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.

Americans have become too comfortable being in debt

Great advice.

With an income of 160k, he could be quickly debt free.

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.

This man is a saint to his family

Your son should be ashamed he did a debt free scream.

The only problem he has with this plan is his whole family.

Hi Dave and Tom

Good work Dave

160K, not that much for two people with masters degrees.. just saying!

This is ridiculous, he's the plow horse that will continue to pay for his debt and everyone else's debt in his family.

TOM Delony 🤣

Paying undergrad loans at 56 OMG

Their kids need to grow up. Geeze.

Taking on goals together is very good for relationships. While eating rice and beans have a plan for what you will focus on.

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.

Ahh Dave and Tom make a good team!

Imagine being 56 with over a quarter million in debt. They put a huge value on education, and it shows.

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.

Oh my God the guy sitting next to Dave said oh go get a gun that's terrible that he said that😳😳😳

John's new name is Tom now.

Crazy

2:39 "You're not going on vacation" -- And that means no bluegrass festivals this year!

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

this is smart

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.

I believe they would have pretty good pensions so they do have retirement.

People don't understand interest. That's why he wants them to do it in two years. I wonder if he will do it.

Did this guy mention any home mortgage?

Daves face when he realizes that kid fooled him 😄 "debt free"

Daughter on rice and beans too.

They could also not pay off the loan and let the kids deal with it when they receive their inheritance.

It’s going to be a good time to buy the dip on stocks during the upcoming recession

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 +.

SELL THE TRUCK!

That way you can have a Life now as in reality life span is about 74 and then leaves your kids some money

ZERO chance this guys debt is gone in two years.

All these people making bank and have debt. I can’t afford to be in debt so that keeps me from chasing shiny objects.

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.

You can always turn to a life of crime.

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.

Who's Tom? 😂 /s

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.

No way I’m paying this for my kids. I will help but they got to go out there and earn it

Where is this kids father?

They need to go back to school and get their PhD in D.U.M.B

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.

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

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.

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.

I don’t think he will attack that debt. He probably drives a Mercedes and his wife has a Tesla.

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.

Wait and see. Until then minimal pmts

Deloney is dramatic. Oops Dr. Delony.

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.

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

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.

So....dave didn't ask about his Car !

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?!

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.

I sure hope they have some money in investment for retirement

If my dad paid for my education, you bet your a$$ I’d pay him back.

Sounds awful, I’m never getting married 👰

For the love of all that is holy, can the producer please knock the pen out of John's hand???

Do what the govt does. Run it up and go bk

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.

He said “I make extra income from August to JanuaryISH”. There should be no ISH in his vocabulary

WOW... I completely disagree with Dave. My philosophy is the very first thing you need to do when you get a job is put 15% in retirement funds. After that you live below your means and invest your savings wisely, you can also pay off your debts with this money but never... NEVER EVER, stop investing in your retirement. Investing in your retirement is more important then owning a home or paying off student debt. The problem is people like to spend and they get loans for everything... this is the problem. So... no car loans, no computer loans, stay away from apple and embrace Chromebooks or PCs, shop for insurance using insurance brokers, cut your cable bill (only pay for internet). Like Dave says, live like no other and work on your student loans but again, never... NEVER EVER stop investing in your retirement and invest a minimum of 15%.

My advice to this gentleman and his wife is save as much money as possible and then pay what you can toward those debts. At 56, time is wasting. They need to save at least 40% of their income. If he and his wife were younger, then they could probably afford to put a little less, but right now is crunch time, baby. Good luck!!!

We early millennials are listening.millennial men- “We will fix this pops”.

102k in Dallas? He should be getting almost 200k/year.

I'm amazed at how little Dave considers is a good salary.