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I'm $622,000 In Debt!!
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@ijeomaemenanjo1758 4 жыл бұрын
I can hear the pain in Jamal’s voice. I wish him well😢
@---cr8nw 4 жыл бұрын
Yeah, I'm genuinely concerned for his safety.
@tarawalton6778 4 жыл бұрын
This is HEARTWRENCHING.😢 Praying for his emotional health & personal wellbeing.
@kupka36969 3 жыл бұрын
Yeah I typically enjoy these but this guy is in serious trama.
@ashtheartist2272 3 жыл бұрын
Yes. Prayers for Jamal! 🙌🏼
@jonathangarmuth8975 3 жыл бұрын
I have the feeling his name is not Jamal. Sounds more like a Kinjal
@Aminah6623 4 жыл бұрын
The more ridiculous the debt, the more I'm likely to watch Dave's videos. It's terrible, I know.
@ItsMe-qb6gl 4 жыл бұрын
I understand, it makes me feel better about myself 😂
@vannahveechi 4 жыл бұрын
Literally same
@DrFrankenschtein 4 жыл бұрын
Same! I see the video title and I'm like "HOW???" lol
@gramprodigy 4 жыл бұрын
@@OpiumBride We are in the same situation 😄 Well done my friend.
@lilchicklets 4 жыл бұрын
Me too!!!!
@jaydubya9265 4 жыл бұрын
The divorce part really rubs salt in the wound.
@htimsrecneps 4 жыл бұрын
I would divorce a man dumb enough to get that much debt too.
@joethurman2712 4 жыл бұрын
2picas 1chu stupid. You’re a team. Every choice he made should have been a team choice 50/50. She’s just as liable and she knows it but she’s taking the easy way out
@ahastar1141 4 жыл бұрын
@@joethurman2712 I am thinking she is getting out of this with no debt what so ever.
@Niqquhchris6 4 жыл бұрын
Joe Thurman I would say too but if he kept making these terrible decisions on his own, then it is completely his fault and we don’t know that. That’s why I personally haven’t made an opinion on it.
@marcusvision 4 жыл бұрын
Probably more to the story
@l-train7876 4 жыл бұрын
You can hear the pressure in his voice, he sounds like he can barely breath.
@greenearthblueskies8556 4 жыл бұрын
OMG Yes
@schawnettarobinson8584 4 жыл бұрын
L- Train Yes!!!!
@wako2015 4 жыл бұрын
Yeah bro that's crazy
@thecatnextdoor12 4 жыл бұрын
Remember the lady who had a $500,000 debt and had that cheerful voice?
@greg9662 4 жыл бұрын
I could barely breathe listening to 300K in CC debt
@greenearthblueskies8556 4 жыл бұрын
Debt and divorce sometimes make people suicidal...good he had someone to talk to
@sweetasflip 4 жыл бұрын
I would assumed he is an immigrant who made success at one point here in the US, and one thing i can tell you about immigrants including myself that we are used to hard life and we always make due of what we have and persevere. I had many great memories living with our grand parents along side with my aunts and uncles family under one roof and no matter how difficult things get and a lot of times it gets harder. Our house always has laughter
@dantexventa3695 3 жыл бұрын
Hes probably Pakistani . He can have 4 wives .
@tasneemahmed5821 3 жыл бұрын
The amount is wrongs in one statement is baffling. I don't even know where to start
@luisfernando5998 6 ай бұрын
@@sweetasflipyeah and then u fall for a white chick and loose everything in a divorce
@ThinkMoneyBenny 4 жыл бұрын
This caller is not doing better then he deserves.
@Djunnyy 4 жыл бұрын
Think Money 🤣
@plezilakay1214 4 жыл бұрын
😂😂😂😂😂dude that is hilarious 😂
@rsp1239 4 жыл бұрын
Loool
@vlms5893 4 жыл бұрын
*than
@MariaJimenez-kk9ge 4 жыл бұрын
😭😭😭😂😂😂💀💀💀
@standardstaples5325 4 жыл бұрын
“632,000 in debt??” “No, no, $622,000.” “Phew! ... I thought you were in a REAL mess.”
@Michael-vf2mw 4 жыл бұрын
Hey man, 10 grand aint nothing to sneaze at.
@alicia_shaun 4 жыл бұрын
Omg 🤣🤣🤣
@Celwood 4 жыл бұрын
Yeah, I thought he was in a real mess there for a second...
@ajbluebird7741 4 жыл бұрын
😂😂😂😂
@sagm706 4 жыл бұрын
Who gives people this much money? My bank gave me $6k tops to start my business.
@lillycham 4 жыл бұрын
I'm having a panic attack listening to this omg 😩
@stephenkillin9730 4 жыл бұрын
Lol, same!
@coffeeandgrind 4 жыл бұрын
Lilly Cham 😂
@fartcannon 3 жыл бұрын
because you're in debt. Sell the panic.
@Platinum_Tugboat 4 жыл бұрын
The caller is getting some great advice, imagine being in his position. He's literally getting a lifeline, allowing him to keep his business and to keep his head out of water. Always amazed Dave.
@blackworldtraveler3711 4 жыл бұрын
The Platinum Tugboat He can get all the lifeline he wants. He still has the ex wife boat anchor.
@lordtark6736 4 жыл бұрын
@@blackworldtraveler3711 exactly
@Je.rone_ 4 жыл бұрын
*THIS is the danger of using debt in a business, managing it can be rather risky*
@RusskiCommieBot 4 жыл бұрын
Many large companies took on a lot of debt to buy back their own stock. Already 16% of companies in America are zombies. In the next downturn that is going to rise substantially.
@raymondreddington134 4 жыл бұрын
Black Vito - Moneyology Life is a risk. He just got caught up in trying to do more than what he could.
@Je.rone_ 4 жыл бұрын
@@raymondreddington134 this is true
@UnblockedOne2 4 жыл бұрын
@@Je.rone_ I know this guy that financed his business. He was always just barely making it. One day he totaled his truck. He went & financed a new Silverado. Within 3 months him & his wife filed for bankruptcy. Then, his wife filed for divorce. Now, he's also paying child support on 2 kids. & he didn't keep up with his bankruptcy agreements so he's being sued buy his lenders all over again.
@aeromedical6750 4 жыл бұрын
@Dis1chick -- first of all, there is no such thing as “good debt.” That is a fallacy. There are acceptable forms of debt, but none of them are good. Debt makes you hostage to the lender - PERIOD! Don’t believe it - try not paying them for whatever reason. Would it be nice to never have to borrow money - sure it would. People like Susie Ormond try to convince you that debt such as school loans is “good debt” because it should have a payoff. Go talk to people who strangling under student loan payments and ask them if they think it’s good debt. I am completely debt free and feel a level of freedom you can’t imagine.
@froggore52 4 жыл бұрын
If this guy isn't an ideal candidate for bankruptcy I don't know who is.
@Reb32573 4 жыл бұрын
Literally my exact thoughts. I see now why we have bankruptcy.
@williamnettleton3413 4 жыл бұрын
I think business bankruptcy is different and is even worse for those involved.
@deanalbertson7203 4 жыл бұрын
Yes, that's what I was thinking also.
@deanalbertson7203 4 жыл бұрын
@@williamnettleton3413 In 2019, there were 22,780 cases of business bankruptcy filed nationwide in the United States.
@Sara_The_Feral_Housewife 3 жыл бұрын
Except he has great potential for upping his income. Why would he file bankruptcy and destroy his life and credit if he can fix it without that? $622k isn't as bad if you can make $200k per year.
@Antjhart 4 жыл бұрын
Hearing stories like this is an eye opener. Makes you not want to complain about anything again.
@the5thdim763 3 жыл бұрын
what’s your phone # 😂
@kimsmith6360 2 жыл бұрын
Amen
@marioeduardoferreiraruiz Жыл бұрын
No kidding, feeling pretty great right now. 😶
@warpshield 2 жыл бұрын
God Bless Dave Ramsey. He's like a pastor, teacher, and finance guru all in one.
@KrystalToddCPA 4 жыл бұрын
Wow so even if he sold both stores he would only get $140k tops?? Sounds like he was better off just storing the stuff in his house and investing all his energy into the online store.
@JK20239 4 жыл бұрын
Bankruptcy 101
@NYSTyl 4 жыл бұрын
The Cash Compass just subscribed
@KrystalToddCPA 4 жыл бұрын
@@NYSTyl Thank you so much!
@KrystalToddCPA 4 жыл бұрын
@@JK20239 Right! He is beyond insolvent lol
@Ban00 3 жыл бұрын
Hindsight's always 20/20 and is finally 2020
@Maxdouble07 3 жыл бұрын
I wish him the best. At least he’s trying and called Dave. He has hope.
@Sultanrx 4 жыл бұрын
This is scary man, before you know it one day, life just turns around. Debt is a very scary thing, be careful!
@blackworldtraveler3711 4 жыл бұрын
Sultan’s Financial Journey And divorce.
@truckerman9112 4 жыл бұрын
@@roserevancroix2308 what so you mean don't get involved with a woman?
@The1TopGamer 4 жыл бұрын
Truckerman he has a point
@truckerman9112 4 жыл бұрын
@@The1TopGamer ok so what about having a family, all women aren't the same.
@truckerman9112 4 жыл бұрын
@@harorider96 it's been over 12 years bro, and she's been with me when I didn't have two pennies to rub together. If we ever broke she does deserve her fair share of what we've built together
@poetnumbrr8 4 жыл бұрын
The divorce part is really what made me feel pain for this guy. Going through these things at the same time is just... i dont know where to even begin. I hope he finds his way.
@hollyb6885 4 жыл бұрын
I could cry for this guy.
@Erika2 4 жыл бұрын
My expression the entire time: 😰 A debt that high is definitely no joke! I feel bad for him... To end up with a huge debt while in the middle of a divorce, terrible. With that aside, Dave's advice about tackling the most "legally" aggressive debts first is a good start for Jamal to get back up and tackle this situation. I do hope it works out for him at the end!
@roserevancroix2308 4 жыл бұрын
That's not an expression - you just repeated the episode.
@Erika2 4 жыл бұрын
RoseRevanCroix Hahahaha! I totally agree with that!
@Michelle-po9xy 4 жыл бұрын
Erika Kullberg: Lawyer's Finance Tips divorce means you split the debt?
@Erika2 4 жыл бұрын
@@Michelle-po9xy Hard question to answer. Depends on a lot of factors and varies by state and your circumstances.
@jonsmith9728 2 жыл бұрын
Wow erica on a ramsey vid lol… say you should do a colab with him sometime… that would definitely bring the views
@billyrayband 4 жыл бұрын
He says : I;m doing good dave...pause...I am in a huge mess...
@barbarar.22 4 жыл бұрын
I laughed harder than I should have at this comment
@c.williamsparalegalservices 4 жыл бұрын
@@barbarar.22 I laughed super hard too 🤣
@flylogan2954 4 ай бұрын
@@barbarar.22Same 4 years later
@rschmidt9495 4 жыл бұрын
He sounds like a nice fellow. Hope he gets it all straightened out.
@allisonwaters716 4 жыл бұрын
He sounds impulsive
@185chargers 4 жыл бұрын
Poor guy, hope everything works out for him.
@monicarenee7949 2 жыл бұрын
I’m impressed by how good of a business man Dave is. He has to be in order to be worth what he is. He usually gives really sound advice.
@TelmaFrege 4 жыл бұрын
I was about to have an anxiety attack half way during this call. I can’t imagine the stress this man has. He sounds so sad :( I hope he can turn this around and call in few years to tell us he’s debt free. It’s a huge mess but there is always a way out! Keep you head high Jamal and keep pushing!
@Bornst3ll3r 7 ай бұрын
You’re a good person for this message
@mrr3ye5 3 жыл бұрын
Praying for you Jamal , you sound like a great person. You got this brotha!
@luisfernando5998 6 ай бұрын
Jamal is in prison now
@araineacutebrownnurse7315 3 жыл бұрын
I feel bad for this guy. It sounds like he is intelligent and had good intentions but made bad decisions. God bless him.
@macneoh7418 4 жыл бұрын
His businesses start to go downhill and his wife decides she wants a divorce......what a surprise.
@milkcowx 4 жыл бұрын
Really sad way to look at a relationship.
@macneoh7418 4 жыл бұрын
@@milkcowx Reality hurts sometimes. What is really sad is how his wife left him after taking sacred vows in front of him, his/her family and the church. Shame on her.
@milkcowx 4 жыл бұрын
@@macneoh7418 if your assuming she left him for financial reasons then sure. Alot if things happen to people when they feel their lives are spinning out of control. Maybe he hit her one too many times, or cheated on her or if stress, or any number of things would have happened. Your assumption that she left him because of financial difficulties, is sad. I'm sorry you've had whatever experiences are making you feel that way.
@jennywinter3025 4 жыл бұрын
Maybe he was cheating
@macneoh7418 4 жыл бұрын
@@milkcowx my assumption is based on the fact that women initiate over 70% of the divorces in the United States. Maybe he hit her, maybe he cheated on her or maybe she didn't want her lifestyle to decline and took the kids and left him with all the bills. Or maybe she just got bored and decided there was something better in life for her. Women can do whatever they want and the family courts will punish the man for it.
@---cr8nw 4 жыл бұрын
I really hope Jamal survives this season of his life. He sounds very much at risk.
@mariahsmom9457 3 жыл бұрын
Yes, he needs a counselor. 🙏❤
@elainex5666 4 жыл бұрын
Bless his heart, I really wish the best for him. This is a terrifying situation.
@dialac1 4 жыл бұрын
His wife bailed when the ship started sinking
@elmateo77 4 жыл бұрын
At this point I can't really blame her. The guy probably refused to accept that his businesses weren't working and just kept doing what he was doing instead of adapting, racking up over $600k in debt.
@ja4120 4 жыл бұрын
Well of course. Sadly, the prevalence of desire for hypergamy in most women isn’t a myth. The whole ‘for richer and for poorer’ part of traditional vows is oftentimes forgotten faster than molé through a Mexican.
@Doors067 4 жыл бұрын
What else is new
@Doors067 4 жыл бұрын
@@ja4120 i still like mole more then woman lol
@cocomarineblu993 4 жыл бұрын
jacob wright for richer or for poorer is an American saying, I married an kurdish guy from Iraq, we didn’t have any of those things when we got married. Indian culture is also very strict for marriage, if there is divorce, it’s probably bad, and there is alot more to the story. You need to take your cultural perspective out of it.
@vivianp5962 4 жыл бұрын
I wouldn't even know how to start working on this. Good Luck. 🍀
@negativesplits06 4 жыл бұрын
Bankruptcy
@PInk77W1 4 жыл бұрын
$3700. Interest on credit card per month Before any principal is paid
@zainabshoka4219 4 жыл бұрын
🙊
@rminitials 4 жыл бұрын
That's almost as much as I make a month... dear God that's horrible
@PInk77W1 4 жыл бұрын
rminitials think before u charge
@mahaonexpress 4 жыл бұрын
Jamal is working hard to make the bank rich
@katrinaumana2127 4 жыл бұрын
Do not go into credit card debt for a business. I think he should file for bankruptcy & sell both businesses. He is getting divorced & alimony is in his future.
@swisstrader 4 жыл бұрын
Katrina Umana easier said than done. Banks no longer lend to small businesses and then your only other 2 options are either going to one of these scumbag usury rate capital loan businesses or use your own credit card
@lookatcurryman2929 4 жыл бұрын
@@Alex-xl3yr as it should be.
@roolyfe 4 жыл бұрын
Funny how women love men when rich but when struggling she gone!
@joshsmith4373 4 жыл бұрын
Perhaps he will be the one getting alimony? I'm sure she will be after her half of the 600k lol
@joeyf6103 3 жыл бұрын
I definitely did this and it's absolutely horrible
@FehadBilgramiChannel1 4 жыл бұрын
Absolutely brilliant on how Dave handled such a high pressure situation
@herbiehusker1889 3 жыл бұрын
$325k on a credit card? That's a lot bigger than my mortgage.
@AlexanderBeenGreat 2 жыл бұрын
Dave really gave some solid advice. I would've jumped off the ship $400,000k ago 😂😂😂
@Bornst3ll3r 7 ай бұрын
On god
@TheDjcarter1966 4 жыл бұрын
And this is basically what bankruptcy is for...
@steffanie6569 4 жыл бұрын
Wow this really makes my $16K in car debt look like nothing 😅
@ErrorPagenotFound-ig1cy 4 жыл бұрын
Steffanie debt is debt
@fernnoli 4 жыл бұрын
@@ErrorPagenotFound-ig1cy Well that's a stupid comment... ask a real estate investor and a kid with a philosophy degree and 100k in student debt the difference.
@tieman3790 4 жыл бұрын
@@fernnoli i have student debt with 0%. Been investing the money. Definition of good debt
@googleuser8660 4 жыл бұрын
If it was my kid and she said she had to pay 16k to pay off her car and she had a job I'd tell her to go after it. If it was my kid and he said he in the process of divorce and he had done some stupid mistakes and owes over 600k...that's a sit down talk
@ErrorPagenotFound-ig1cy 4 жыл бұрын
Fernando Lopez debt is still money you OWE. Bottom line, you are in the negative for $1 or $1,000 , you’re still IN DEBT.
@GenExDividendInvestor 4 жыл бұрын
I wonder why he doesn't find new suppliers and push harder online... Sounds like he is in a tough spot financially.. and a divorce...
@ramblingmillennial1560 4 жыл бұрын
I guess he thought he couldnt sell online anymore so he just abandoned it when in reality he can sell but h just wont get the money.
@Mathis218337 3 жыл бұрын
He should just declare bankruptcy and start over lol
@shifengsherxiong3058 3 жыл бұрын
9 years ago, I was in debt of $500.00 and It was a good lesson for me to learn from. I am debt free now.
@katyedwards3935 Жыл бұрын
Congratulations!!!!!!!!
@mranderson245 3 ай бұрын
Pftt $500 debt? Seriously?
@SicksThirteen 3 жыл бұрын
The idea of being in that much debt is terrifying, but I hope he comes out on top!
@YummyFood454 3 жыл бұрын
Woah he’s going through a lot. I hope things have worked out for him. Hang in there keep pushing
@sumedhdeshpande3420 3 жыл бұрын
It's been almost a year any updates from this guy? I really wish he is doing better now.
@LuisSaulny 4 жыл бұрын
This happened to one of my customers too, 6 years of solid business in the cellphone industry and then the sales started to go down, big cellphone companies started to provide cheap insurance and the repair shops stopped getting business. My customer lost 3 stores and his mobile repair service, this industry is changing and the profits are really low.
@metlguitar02 4 жыл бұрын
Caller: “I’m doing good Dave HBU?” Also caller: “I’m 622k in debt and just got divorced” 😬😳
@linhaton4957 4 жыл бұрын
I think in this case Dave thinks bankruptcy might be best.
@asterginete3812 4 жыл бұрын
I really hope everything goes well for him soon!
@youngfinance6319 3 жыл бұрын
my dad had a friend who was in an even worse situation. He had almost 13 million in debt and his businesses weren't doing too good.
@marioeduardoferreiraruiz Жыл бұрын
This is just unbelievable, I can’t even begin to understand this much debt…WOW! 😶
@pimpballer3 3 жыл бұрын
Divorce, give your wife half the debt
@jdn_4163 3 жыл бұрын
Does it really work like that😭😭
@MP-nj1qy 3 жыл бұрын
Love it🤣😂😂
@srs9973 Ай бұрын
🤣🤣🤣 if that was possible Jamal would have filed the divorce a long time back...
@TheGearShots 4 жыл бұрын
“You’d better drive like no one else” *rides a canoe down the river to work*
@SheBaker 4 жыл бұрын
😂😂😂
@samr9622 4 жыл бұрын
Crying! 😭😭 id do it with zero shame lol
@fredericksharon6908 4 жыл бұрын
Lol
@mrenae6798 4 жыл бұрын
Lolol done!
@julestur9372 4 жыл бұрын
GearShots “rides” a canoe? 😂 I’d love to see that.
@bsolutions525 4 жыл бұрын
when i started my company, no bank would even loan me a cent. now I invest in high interest yield index funds, after I invest most of the profits back into my business. no need for loans, thank you very much
@CaseyBurnsInvesting 4 жыл бұрын
Man, best way to start a business is one that is cheap or free to start. This is awful.
@NeededGR13F 4 жыл бұрын
Chasing cheap and easy was probably what set him on this course in the first place. I wouldn't be surprised if he crossed paths with a drop shipping guru at some point.
@BernardBrunu1 4 жыл бұрын
considering he was making a million a year just online, he sure knows how to run a business. I think his main issue is he was biting more than he can chew, he should have just focused on one buisness
@scottlouis6116 4 жыл бұрын
not necessarily.
@daniel-vn4ql 4 жыл бұрын
@@NeededGR13F yep he has defentely has encounterd a drop shipping guru.
@1CJ6 2 жыл бұрын
Man I don't care what those who bag on Dave nonstop say, Dave truly is a master at his craft. In this case, giving financial and just advice in general. Does he slip sometimes? Yeah, but that makes him human.
@mrcrowleyoz 15 күн бұрын
A real woman sticks with you through good and bad times.
@Cymricus 3 жыл бұрын
best of luck to jamal i think dave really saw himself in this guy from his past experience
@Mr_Magoo_ 4 жыл бұрын
Bankruptcy! Declare it. Then start over. Smart and hard working guy will succeed. Good Luck!
@xxvero90xx 4 жыл бұрын
I listen to these stories to make myself feel better :)
@GamingTaylor 4 жыл бұрын
How do you not declare bankruptcy with $622,000 of non-student loan debt? This is basically a case of "i don't want to lose my $100k/year income, but I have $600,000+ of debt"
@dianajackson4841 3 жыл бұрын
I really wish I knew how Jamal was doing now. This was posted before the pandemic hit. Hearing the pain in his voice is heartbreaking. I'm rooting for him.
@rhondajudson1130 3 жыл бұрын
I was just thinking about how during the pandemic maybe the online sales skyrocketed since people weren’t going places! Maybe so!
@chookchack 3 жыл бұрын
Lots of sleepless nights for this guy. Hope he had recovered.
@marcussimmons2708 3 жыл бұрын
What a mess... My prayers go out to this young man... 🙏🙏🙏...
@marlynsantos9677 4 жыл бұрын
Gulp, this poor man. He sounded dejected. Great advice from uncle Dave. Hopefully he will get out of this mess.
@muhammedtunkara5859 3 жыл бұрын
Marlyn
@dinimakhmudov1674 Жыл бұрын
Bankruptcy can be Jamal’s best friend. No more stress and fresh start.
@triciacharles8022 4 жыл бұрын
Sheesh. Not even a mortgage included.
@Lola8165 3 жыл бұрын
Old debt come off your credit in 7 years. I was 53,000 in debt now I’m down to 8,000 and that’s my car that I pay every month.
@Irene-gq4jr 4 жыл бұрын
Wouldn't be surprised if Jamal's marriage has broken down because of the financial strain. I really wish him all the best in digging himself out of this. I tried (and failed) to run a small renovation business with my ex, and even with orders of magnitude less debt the stress of it all is horrible. The only good that came of it was we split up - long overdue.
@yayyareaa2997 4 жыл бұрын
*Spits coffee out
@cryptoworldwanderer 4 жыл бұрын
This was a great episode, solid advices. Dave focused right on to the problem and gave him suggestions fast!!! Jamal will be okay, though under pressure, he is got a clear head it sounds like and with Dave’s kind of help, he will pull through.
@SteelRhinoXpress 4 жыл бұрын
I'm doing good, just 622,000 in debt. how about you?
@hayleymyles6823 4 жыл бұрын
Here's me stressing over 6k debt!!!
@samarztk 4 жыл бұрын
LOL SAME. Gonna pay it off by summer.
@---cr8nw 4 жыл бұрын
Then you're doing it right. This man wouldn't be 622,000 in debt if he had properly stressed over the first 6k.
@InvestAndGrow2020 4 жыл бұрын
Same under 6k dept and plan on getting out in the summer! Cutting card and I don’t ever want to use them again
@hayleymyles6823 4 жыл бұрын
Will be gone by summer x
@regul8or71 3 жыл бұрын
Respectfully, that’s a foolish comparison. Debt is debt. This guy could find someone with $10 million in debt and suddenly feel better about his $622k. Don’t compare your debt. Debt is debt. Get rid of it. Cheers?!
@TheFactsofLife237 4 жыл бұрын
Wow, the pain of getting into debt, very sad! I wish him the best in his money recovery!
@LV-FOURTWENTYSIX 5 ай бұрын
Id really like some follow up "were are they now" episodes.
@jaketalksfinance8034 4 жыл бұрын
$622,000 in debt it’s going to be a struggle but your going to recover we believe
@jaketalksfinance8034 4 жыл бұрын
Valeria Vagapova yeah
@lolaclyde7915 4 жыл бұрын
he should have stayed an IT consultant. I admire folks who have the courage to run their own business. But, it's such a huge risk. People seem to either hit the jackpot or their life is destroyed. I like working for someone and having a steady paycheck, health insurance, etc. I work my 8 hours and come home and forget about it until the next work day. Is getting rich the meaning of life?
@babatundeonabajo 4 жыл бұрын
In ordinary circumstances, you would be right. Problem is, nowadays, stable jobs no longer exist. I don't want to cast aspersions but you sound as if you work in the public sector. In reality, most people are not living like what you describe. They go to work having the fear in the back of their mind they can lose their job at any moment, and in order to get a new job, they will have to send out hundreds of applications for the remote chance of just an interview. *At best*, the paycheque you seem to talk about is just barely keeping with inflation.
@nchen09 Жыл бұрын
I've listened to this call several times and the brokenness in his voice just hurts every time.
@IvonnesCorner 3 жыл бұрын
I am watching this a year after and oh boy this man was in for a ride! wish we all had a crystal ball to see into the future and avoid our mistakes. I feel bad for this man :(
@vilenationgaming 4 жыл бұрын
File Chapter 7 and move on.
@MrRGiller 4 жыл бұрын
I agree. Especially, since he is going through a divorce as well.
@l-train7876 2 жыл бұрын
You can hear this poor man suffocating through the phone.
@becca2806 4 жыл бұрын
Lordddd his tone was depressing.......
@BogusJesus 4 жыл бұрын
wife sees ship sinking so she bails
@tieman3790 4 жыл бұрын
Nice assumption
@PInk77W1 4 жыл бұрын
So she sails
@coconutsfor2963 4 жыл бұрын
Their goes her Beta provider
@ransom182 4 жыл бұрын
TyPIcAl wOMeN! THey OnlY CaRe aBoUt MonEy!!!!!!!
@danix454 4 жыл бұрын
For better or for worse means nothing to folks, huh.
@ripwins 4 жыл бұрын
He in so much debt it sounds terrifying! 😳 POVERTY knocking at the door 😳
@mss888 4 ай бұрын
I hope he is alright. I can imagine his stress.
@tonyb9185 4 жыл бұрын
There is a reason people stop buying from you....... And when you get in to debt you know when to call it a day not keep going with credit cards
@lovealwaysjasmine 3 жыл бұрын
Poor guy. Hope he’s doing well. That’s a tough situation
@cumberlandquiltchic1 10 ай бұрын
Can you do a series of “where are they now?”
@JK20239 4 жыл бұрын
Thank God not student loans
@0oPaddyo 4 жыл бұрын
He even could have gotten about two tuba degrees with that much in debt by now
@nealkelly9757 4 жыл бұрын
Student loans have income based repayment and forgiveness options
@JK20239 4 жыл бұрын
@@nealkelly9757 IBR you pay taxes on the forgiveness amount. PSLF has a failure rate of 0.0001%...
@rsp1239 4 жыл бұрын
Joshua pslf??
@---cr8nw 4 жыл бұрын
Neil Kelley, there are repayment options, but that's a ridiculous amount of money. The biggest drawback with student loans is that there is NO consumer protection. There's no underwriting to determine if the degree is viable or if the candidate is disciplined enough. There is no return policy if the degree doesn't work out. And, worst of all, there is no bankruptcy protection if things go really badly. The only real way out is death. If that's not a recipe for disaster, I don't know what is.
@ghostpos 4 жыл бұрын
This is Dave at his best.
@wernesgruder1 3 жыл бұрын
I’m doing good.......then goes on to describe a debt nightmare of epic proportions.
@billbergen9169 4 жыл бұрын
Dave keep it up!!!.
@billbergen9169 4 жыл бұрын
thnx every one for the likes.
@jdm4998 4 жыл бұрын
This came right on time. Was actually thinking about doing velocity banking and doing a personal line of credit to pay off my mortgage. I'm just going to pay extra to the mortgage each month. It's suppose to keep from paying so much interest but it's risky.
@noseefood1943 3 жыл бұрын
Bankruptcy is exactly for guy like him who took the chance
@Zoot_of_Anthrax 3 жыл бұрын
Shame on credit card companies for allowing him to have this much credit.
@qnladybug1891 4 жыл бұрын
Omg. Wish him the best of luck thru this process but I also hope he learned his lesson on his business practices.
@blakeb4583 4 жыл бұрын
I can’t even fathom being in that amount of debt
@NoDebtButLove 4 жыл бұрын
Wow, this places so much in perspective for me.
@alicia_shaun 4 жыл бұрын
This is so sad 😞
@whitneyw.7919 6 ай бұрын
When Dave talks about bankruptcy for you in anything but a negative way you know that you need to file bankruptcy
@arleneaugustahair8393 4 жыл бұрын
Nope! 2020 is starting off all wrong. I’m going back to sleep. Hopefully I will wake up to a better day tomorrow.
@tieman3790 4 жыл бұрын
The markets are taking hits after hits. Iran. Trade wars. Now coronavirus. Soon elections. Gonna be a rough ride
@jeffrichey3623 3 жыл бұрын
How has SNL not done a Dave Ramsey skit yet? Caller: Dave, I'm one billion dollars in debt. I don't know what to do. Can you help me? Dave Ramsey: You're going to have to improve your income. Then, I want you to live on rice and bean and rice and beans. After that, attack that mortgage. I think you will be out of that hole in three years...rice and beans.
@JakeStewart1343 2 жыл бұрын
I'm from the future Jamal. Society is about to get crazy in the next couple months FYI Hang in there 🤞
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