They make $400K. Live like you make $100K and pay off the debt. Simple as. Amazing how some people are unwilling to live on less than they make, even when they make such a high income. And this joker wants to go into more debt to make an extra $37K a year?

I know a Doc who did it all via Dave Ramsey’s plan & she & her husband own their own practice & are debt free! To this day she still drives the car she drove 13 years ago in Med school that needs a paint job, but she’s debt free!!

Ah yes, the American Dream....they will be house poor soon enough to impress their friends and increase their debt...the slide begins

Husband makes 330k and they can't figure out how to pay off 500k debt.

Just paid off my student loans. Now on to car payment... just watching videos have kept me on track.. definitely not following the exact baby steps, but it seems to work

As you read this, that guy is buying the practice

500 thousand is pretty typical for a doctor couple. If Dave Ramsey only counseled physicians, he'd have a heart attack

Even without the debt, it is not worth the risk to open up your own practice for only 37k more per year.

I hate when people just don't answer the question. Dave: "What do you think you are gonna make this year?" Lady: "Well I'm bringing in 2000 to 5000 a month and maybe 500 more off my bake sell cookies, OH and there is 390 dollars a month off my Lyft driving.."

As a tax CPA, the dentists are also the ones that always end up with the most ridiculous court cases coming out. Every time I read a brief that has some stupid tax "strategy" IT'S A FREAKING DENTIST

They are golden without buying into the practice. Nothing says "fun" while running a business and just making a little more

"That amount of debt is beyond optimism it's fantasy land" 🤣

I don’t know how anyone can sleep at night with that much debt….

“I drink your Kool-Aid“, she doesn’t understand the concept of Kool-Aid drinking, I don’t trust her judgment.

One time I went to a dental appointment and got there a little before the office opened. Th secretary pulled up in a new Mercedes and the young dentist pulled up in a 20-year-old minivan.

Who feels sorry for them? No one!

I owe $15k on my house and I can’t wait to pay it off!! Imagine $500k😳😳🤦‍♂️🤦‍♂️

Y'all are chilling, you have a big shovel for this. Just cut your lifestyle way back, don't keep up with the Jones and you see this vanish in a few years

Work together guys!! Don’t let him do it!! And you can attack this debt eventually!! Beans and rice!!

Since when does a dentist make $330k? My buddy makes $180k as a general dentist, I'm guessing he's an orthodonist or something like that.

Dude they could be SO wealthy.

Dave didn't tell them to deliver pizzas. 😅😅

Bet the have nice cars and go on very nice vacations. Guaranteed.

$400k+ a year income ........ Hang the phone up! They're gonna be fine.

I'm worried about this matter. This could be a lesson for everyone, thanks to this channel.

The other dentist wants a partner cause he wants to get himself out of debt by making you pay for his stupid

Dentist, Chiropractors and Physical Therapist beware! Do your research and don't fall for the debt trap. 🙏🙏🙏

I did not hear in the call what the breakdown of the $500k student loan debt between him and her. She's only bringing in $2-4k per month currently, so that's not $100-150k annually yet. Maybe it will be in a year or two, but not in 2022.

I did a few things differently- no regrets. Lived very modestly during med school. Started paying off the loans during residency- not easy for a family of four however we managed. My colleagues were driving new cars, buying houses. I kept my 16 year old truck. First " real" doctor job- maintained same modest lifestyle. Rented a house, kept the older vehicles. Put every possible dollar towards those student loans. The original $120K balance upon med school graduation was down to $75K when I finished residency. Within a year I paid off ALL student debt. We purchased a decent house ( NOT the typical " doctor house" ). Kept the older vehicles as they still ran perfectly. I later found out some physicians actually COMPLAINED about my " ugly truck" parked in staff parking. HA! Within 3 years I still had that old truck and a paid off mortgage. No regrets.

LOL..she keeps asking Dave if hes ready like its his debt. LOL

Never clicked so fast in my entire life!

My friend went to dental school and the cost seems higher because they have more lab and hands on learning, tool kits, surgical training and stuff to advance through each year. Idk about medical but it seemed substantial

The majority of dentist I’ve seen are scammers. Now I know what motivates them to be that way.

She paid off all the other debts, but never paid the student loan. Well, I guess it’s time to pay off that student loan. 😂

This is exactly why some dentists push more sales and services, look for more ways to increase income and feel like they need to charge excessive rates. When you strap yourself with high debt then you feel temptation to do things that are not in the best interests of others.

In debt up to their eyeballs .

I'll wish I could struggle by on 100k a year lol

She better get a restaurant job because that’s the only time she will see the inside of one.

I've done a lot of stupid sh!t in my past but the best thing I have ever done is when I got a really well paying job I did not change my spending habits. I was saving about 2/3rds of my income and I was still earning less than a lot of my colleagues who were to their ears in debt.

Let the co-host talk Dave

You two will be fine. Be disciplined then continue to use your huge shovel to pay off your house after your debt is gone . You will have a ton of money in several years🥰

W'hat are you going to make? I take a percentage. How much are you going to make? We pay 2700 for our house mortgage. How much are you going to make, About 100K. So with $430K per year you can pay this down really fast.

I find it selfish that he helped her pay to open her practice and now that he wants to buy in to a practice she discovers Dave and tattled on him. Lol I don’t agree with him opening his own practice due to the debt but I can see the double standard and why he feels salty.

Work 6 days a week for now. Please consult a CPA and tax attorney to get yourself set up to make the most of your income and lessen liability and taxes.

Stop repeating the question before you answer it. Just answer it. My wife and I make the same amount of money as this couple and we have zero student loan debt. You don’t need a medical degree to make over 300k as a household.

Serious question. I’m a D3 at USC and I agree with Dave student loans are awful and should be avoided at all cost. But the dental school tuition is a little over $500K. Unless you receive a highly competitive military scholarship, how can someone avoid these student loans? Without taking out these loans there’d be a 85-90% decrease in the amount of graduating dentist/physicians.

The Dude should have joined the Army! The military will forgive a portion of the student loan !!!

Hes definitely gonna buy into the practice

$100K in Portland is impossible. Living 30 minutes away from it though... that's achievable

Is it true that if you have no debt and you marry a person with high student debt and there’s a divorce, the default is that you walk away with 50% of their student debt? Does a pre-nup protect from this? Otherwise, what would prevent someone from marrying someone for a year just to hand off half of their student debt?

It just boggles my mind how people can make so much money but still have a house payment? You literally have enough money to pay cash for a home after one year. Why do you need a house the size of Manhattan?

I would live at my practice and in my van, get out of the house, sell everything in it, buy a paid off van, and live off of ramen, veggies, rice, beans, water and pay off those student loan asap.

The way my dentist bills my insurance, and then bills me, I'm suspicious if he's 500k in debt! Lol

Great advice!!!!!

I'm just gonna finish community college. Lol.

A stressed out dentist pulling out your tooth. Ouch.

Can Dave please let his co-hosts talk and get a word in? Sometimes I wonder why he has them around. I like his advice but wish he'd let his co-host get more than half a sentence in or just be solo.

What a waste of education.

Him going into practice does not mean he will have other dentists working for him. But why is he complaining about him wanting to go into practice. But didn't say anything when she opened her own business?

Wish we had her problems we wouldn't be calling the show just use common sense

The good news is we get to paid off our student dental loans. The bad news is you need a crown.

"First world problems" lol. That summed up nicely this segment

Why are the dentists so numb with borrowing? The issue is with the dental school forces people to borrow irresponsibly and not make a sound financial advice.

Need to live like your earning bare minimum - attack that debt.

So many educated broke people.

What in the world, 500k in debt!!!! It's true, mo money mo problems.

Could she talk any faster lol

nice advise ; pretty spot on, hope they heed to the advise ;

$500k student loans? LOL. WOW Yeah no thanks

Who is the personality with Dave in this video?

I thought she was going to say "divorce."

They took out the loans, pay it back. No bail outs.

With that huge income, don't get it. Why couldn't they reduce expenses and live cheap to pay it off?

Hi, Dave - I have been a big fan of your work for over a decade, and I really appreciate the fact that you share your wisdom with us on a daily basis. I must ask, though, that you stop taking God's name in vain. Please be more mindful of your speech. It is evident that you have a real and genuine love for God, so please be more reverent in regards to His Holy Name. May God bless you, good sir! Blessed be the Name of the Lord. Blessed be God. Blessed be His Holy Name.

That’s why dentist are so expensive, people like this!

After eleven years, debt free dentist here😊

And people want taxpayers to pay off their massive student loan debt.

Nurse Practitioners have their own practices??? In what?? I guess in Portland Oregan you can convince the wackos that an NP is an MD.

It’s not so easy just to say go buy another practice. The dental employment contracts prevent you from taking your patients with you to another practice and also prevent you from practicing in a certain radius. So you built up your clientele/reputation in one practice and can’t transfer it, you’re starting at nothing again.

lol poor doctors gotta love it

Nothing urks me more than someone that can't directly answer a question.

And they better not have any kids until the debt is paid off

my cousin is 150,000 in student loan debt and they think the government is going to judge forgive it

Interesting. Very interesting. Great video!

I wish I was making 100k a year...these people are struggling for nothing.

It will take a over a decade to buy a house in cash

Only debt is his wife whos calling in

but why did she get to open up her practice?

I made 95K as a paramedic and staff nurse... She needs to figure out how to bring in more money as an NP!

That why the babycsteps are there. First pay off debt! Then save up! And then invest!

it's a bunch of BS. It's big business. the monster of Student loans is about the movement of money, not about the higher education. it's ridiculous and Sad.

i smell divorce. you called dave for this question? what a joke.

Student loans interest just went up a few days ago. So sad. 😞

wow!! that's a lot of debt for student loans. I mean you make good money and pay them down first.

It's interesting how she needed Dave Ramsey to tell her that her husband shouldn't buy into his practice when they have that debt. Surely that was commonsense?

Yes, good advice!!

Her range of expected income is unpredictable ($2K - $5K). He's been carrying everything financially ($330K). Though I don't agree with his suggestion, I understand his resentment. He's paying off her loans as she flaunts around her lackluster practice and doesn't want to be her work horse for the next 40 years. She'll be fake busy while he's real busy. Why men marry women like this is insane. His mistake.

This woman is insufferable. Thinks that she talks, and everyone must listen.

Dentist disease 🤣😂

300k yes i rounded down. Plain simple live like your poor for 5 years . You will have it payed off. You don't need a fancy house and cars. Pay off your debt , then move up. Sorry tired of hearing people cry that make over a 6 k figure a year.😅