Lol! I be saying the same thing

Absolute facts😭

🤣

👍👍👍👍

When I want to be entertained and need a good laugh i watch Dave.

This makes me feel rich. I wasn't going to finish my debt snowball because of the economy but after hearing this, I am determined to do it. I was making up all kinds of hairbrained reasons not to.

My mortgage balance is less than our household income, it's like I'm a financial genius!

Woohoo!

Facts

@Wendy Darling Stop, you're not "only" a nurse!

Exactly! It's not how much money you have, it's how you handle what you have that makes the difference.

Adnan Kashoggi - a billionaire, went broke

Ed McMahon

Thats applicable if one doesnt bother managing their income properly.

D. Davis 😂

Wanna bet they both drive Cadillac’s or Lexus’s or something too?

bruhmoment

That might be a clue, you think! Unbelievable!

Not just any house.....an $800k house with an in-law apartment!!!!!!!! 😒

I’m praying that Bribin can’t get these idiots relieved of their debt!

I agree having been raised there that sucker must be 10000 square feet or something !

Even in Rochester Hills there are 4Bed houses for $300k and it's one of the wealthiest communities in Michigan. Anyways if I was anywhere in Michigan I wouldn't want to invest too much in a house since it's not going up. I'd get just enough house to live until I need to move.

She wants to keep up with the Joneses and she is using the mother-in-law as an excuse.

@@Dwaynea Gross Pointe is a weird area to me being a Texan. I looked up the demographics on Wikipedia. The population has decreased significantly, since the 1970s. And at the same time the percent of population that is African American has decreased from 3% to 1%. Gross Pointe must be doing something to get rid of people especially black people. I'd be scared to live there.

That's like a whole city block in Detroit.

🤣🤣🤣🤣

3/23/20....NO SHE DIDN'T! SHE called the MERCEDES dealer & ordered MATCHING HIS + HERS PAIR OF MB that will be delivered by the weekend!

😂😂😂😂😂

I would love to be that Travel Agent 😂

Vacay to mars probably

Applico Money is a tool for me and has eliminated my money problems.

You can take people out of the slums but cannot take the slum out of the people

Exactly what I was thinking. Making more money doesn't make one "rich," contrary to what the masses believe. I have always said that anything that can be defined in a number, no matter how great that number can be, is still FINITE.

Applico no I agree with you!

Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.

Probably alot of consultatory spending. I mean my mom has rheumatoid arthritis and if I made $300k I could get her a place to live and a full-time caretaker. Especially in Michigan. The problem is this girl needs luxury to feel okay.

This has to be one of the most stupidest callers I’ve ever heard

For $600,000 I’LL take care of her mother!!

@@chrisreynolds6391 she's fallen into the trap that because she's an MD that she has to live a first-class lifestyle and have it all financed.

You're thinking logically, they aren't, probably due to their greed and narcissism

Poor financial decisions

Greg Smith Lol !!! Right

They should have waited 8 years to tackle debt and save some money to make a big initial payment on the house. Their income is great

I wonder how influential this mother figure is. I know someone who pushed her daughter into med school and says that her daughter’s future doctor’s income is her retirement plan.

This reminds me of the call where the mom needed to buy the Suburban Land Boat for $64k. Stay in your house and let mom live upstairs. Mom does NOT need an $800k suite.

Her hubby is the winner making 50k!

Priceless

He said that multiple times !

I agree. You can always hear it in their voices and how they respond. You can tell with some people that his advice is going in one ear and out the other when they continuously reply, "Uh huh", "Yeah". She sounds like one of them.

Watch them go buy a couple of new cars to add to it

Played the female emotional card immediately. Pathetic.

Big Meech weak? She’s making 300k a year. She got this

@@garyodriscoll7988 she's also dug the hole with that $300k/year shovel. Its pretty obvious she does not have it. She's emotionally weak and makes emotional financial decisions.

She didn't need, she wanted 🤣🤣

She just wants daddy to tell her it will be ok

she lived off a total of 300k for 4-8 years but can't pay that back when she makes that every year??? wtf

Keep in mind she said she paid her way through college but that doesn’t mean that she herself actually paid and it doesn’t factor that she may have had very strong scholarships that covered a lot of it. She didn’t borrow $297K that’s what the balance is as of now because of the interest and fees that accumulate onto the balance. She borrowed $200K but with graduate school loans interest begins adding on from day 1 so outside of Covid interest years there was interest compounding on the balance for probably 5 or so years which can add up super quick when it’s calculating off such a high dollar amount. She lived off of it during medical school and residency. I think one thing being missed is that she says she’s been out of school for five years but residency is at least three years and they don’t make a lot of money during residency. I think part of why this seems so insane is that people are thinking she’s made $300K for five years but actually she would’ve made more around $50-60K for the first three at least and then started making the big money. And that doesn’t absolve her because clearly she doesn’t grasp it but it’s also not like she spent 5 years banking a fortune and never doing anything at all. Lucky for her she makes so much that this should be easy

@@Matt-cr4vv I will give her credit where credit is due, shes w a man making far less than her

I give credit to the man...way to go dude. 😂

Edge HODL yeah pretty much.

Ha, I’m wondering how much hubby had to do with it. Blowing school loans and “Wanting” this insane house!! Wow.

Yes, she did. She simply used them as an excuse to do that. And I wonder about the husband as well. It wouldn't surprise me one bit if he thought it was a great idea as well.

She could've done that for less than half of that. It wouldn't have been elaborate but that doesn't mean it isn't possible. Furthermore, you have no business building an elaborate home if you're $500k in debt with your house and student loans.

The dad passing away, coupled with taking care of her mom gave her an emotional pads to build a overpriced house. She needs to cancel the house. Or sell it.

So you can see the mentality here: no sense of gratitude to the taxpayer who funded these loans. I mean, our situation in the UK is far from great, but it sounds like the student loan system in the US is an absolute racket!

Your colleagues are Dicks.

Aswell as thieves

Congratulations!

I know doctors and they are almost universally horrible with money and don't have the net worths they should have. Not just the late start and massive loans, but living high off the hog on a salary that will still only go so far.

😂😂😂😂😂😂

Trust me. You can get through med school with memorization and little thinking. Doctor does not always mean smart.

Exactly she’s not very smart !

Years of med school zapped out her common sense brain cells, lol.

Dave says it all the time, many doctors are some of the least responsible people with their money.

We're All Thieves hopefully With all the uncertainty out there, this is the wrong time to be responsible for a house you 200k on and be building an 800k house. She may not even be able to sale her current house for a while. You never know. Good luck to her.

A $300k house in Michigan probably has plenty of room for 3 adults.

I agree 100%. Or she could sell it and buy another 300K house that has more land to extend the mother suite project. She’s going to hate her mom, except that it was her decision.

It’s usually not good for a man psychologically to earn that much less than his wife. He no longer wears the pants in the family.

​@MrBean For real. I'd have the house spotless and dinner on the table every night.

😂

Lol😂

I thought so too. But she is the bread winner, he can’t disagree with her or so no. Hence why she’s in the mess she’s in lol

Change doesn't happen overnight. Sometimes it takes lots of interactions like this for someone to start to make the changes. In other words, either way, this was helpful for her.

@intimacy Exactly, can’t expect a person fix a lifetime of bad habits overnight.

She doesn’t seem motivated

@@charleneWL she’s gonna buy a car cause she earned it

@David Watson Coronavirus madness I think hes refering to. I work at Walmart... no cereal, canned goods, pasta, pasta sauce, etc etc to speak of

😂😂😂😂

I wish there were pop tarts without frosting

Lol funny

@@burntblonde2925 they make those

Exacta

It's easy to borrow money - it's hard to pay it back because she feels like she earned those money and don't wanna give it away to pay off the money she borrowed. With her income, couple years of sacrifice will get her out of this mess and in much better situation

She's a flashy spender

einstein110 I agree

I find this is so many that take out debt, they don't feel they need to pay it back

Very irritating to listen to her.

Abuda J. Now, now.. She may be a great doctor. But a horrible accountant!

Abuda J. Her husband needs to explain himself.

An not a. Please proofread 🤦🏼‍♂️

Just wait till she wants to stay home with the kids.

From dream to nightmare just like that! Long term nightmare, too.

Lilli D it’s called “Doctoritis”

Lilli D as an MD it’s easy to fall into that hole when your receiving 26 checks a year and every check you look at is $12,000-$15,000 check. Your mind is irrational

Keeping Up With The Joneses.

@@justinwilliamson6355 That is all it is.

@@chrisjaxon7052 wow with 300k income after tax here in Canada, the bi weekly pay is around 6k only. If I get what you are saying is that in the US it would be around 12k bi weekly? We are so over taxed here in Canada

Yeah, no sympathy for people like this. 350k income lol. The absolute most our household has ever made is 80k and our net worth is higher. Craziness

@@stephensantiago603 Well done. Frugality matters, not how much you appear to make. Wish I had followed this advice earlier.

If I was spending that kind of money my house would be full of gold or diamonds. What else did they all purchase for a good 700k net income?? Wth.

No, she would have been a resident for 3-5 years prior to making this salary, making about $50k a year

​@@saraho3606she said she was an MD for 5. Idk if that's considered a full doctor

lol I'm sure she'll get right on that.

He doesn't literally mean for someone to eat rice and beans every day but rather live a frugal lifestyle that frees up some capital to pay down debt.

Same idea I had.

Yes and get a home that does not have a mother in law. What's wrong with just giving her a room and calling it a day lol.

TampaTony86 what is a mother in law suite? I never heard it before did she buy two houses?

@@wowso4 Basically a mini studio apartment on the property that's not connected to the home.

TampaTony86 wow that’s nice I hope I can afford one day I always wanted my mother to live with me one day when I get married.

Yeah, but then she can’t be on “MTV Cribs”.

Good point. More and more jobs are accommodating people with various issues.

C W Yup.

So true!

This is very unkind and untrue. Listen more carefully-she was crying because her father just pasted away.

that's feminazi 101! when things don't go your way cry & play the victim

Listen to the call again dipshit. She started crying when she was talking about her dead father.

leadnsteel If they have kids, I’ll bet that she wants to be a stay at home mom. Yes, these people are THAT stupid!!!

Jeremy Brown These folks could easily have a stressless life. They want to keep saying, “Oh poor us. How can we get out of this mess!?”

Holly B, maybe but she can’t. She makes like 6 to 8 times more than her husband.

Well you don’t get to keep 350k. They probably bring home around 200k after taxes. Take off of this probably very inflated expenses. It’s not as much as it seems if you don’t watch how you’re spending it.

She’s probably pregnant now ! 😅

.......and a cottage and a boat ect.

And a dually to tow the boat and make the low earning husband feel like a man.

@@matthewgardner2144 plus a lift kit because of his height.

No she drives a mercedes suv, and he drives a 100k pickup... i can tell by her voice

@@ruthlessreid9172 😂

Wow. Events like divorce and mental illnesses like depression really show why being debt-free is important. I bet getting out of debt helped with the depression.

Lol right 😂

Facts an especially u can see its affecting her

@@nchinth I asked my doctor if he was financially stable and he said yes, and then wanted to know why I asked.

Not a fair assessment. She can be an amazing doctor but horrible with money. Maybe she’s okay for you doctor but definitely not your financial advisor

This not true? Take home pay very low

@@mabelw7 no, you have to pay a lot in taxes when you make that much plus doctors to have to pay for malpractice insurance so 240 is probably correct. It actually could be Ben be a little bit less

Right???

3/23/20. PROB owes the IRS as well!

definetly drives a range rover and wears a canada goose jacket so everyone can see how successful she is

Eliza Gold, she spent money like she was rich while in med school. Then she graduated and decided she didn’t want to spend her money paying off her debt.

I think the reason is a lil more nuanced. Being an MD elevates your status / class in this society. Her facade has to project her status and class. she will spend the money for the material representations of status whether she has the money now or will get it later.

Extraction Attraction , so to impress people at stop lights that you’ll never see again? Isn’t there someone here that talks about that... I wonder?

While I agree she is making bad decisions, I also know that doctors are educated in science, not finance. Young doctors are easy targets for predatory lenders who fall over themselves to loan money. Hopefully she will quickly catch on that having a high income requires great responsibility. She should have hammered her student loans down before building a castle. Now she is committed to this crazy plan.

@@DriverDude100 👏👏👏

There are different kinds of intelligence.

She sounds like a young airhead. How did she ever get into med school?

OzoneEditions So you need a 4 year degree in finance to know not to spend exuberant amounts of money when your in debt? Handling your finances for the most part is just common sense. Your painting this woman as a victim when she makes 300k a year...

LOL!!!!!!!!!....same here Amy !!!!

Ryan Breedlove she might be smart, but has zero common sense when it comes to money

She sounded quite slow during the conversation..

Her " intelligence" is limited clearly to the medical field, letters behind your name doesn't automatically mean your intelligent on many subjects

@@nightfangs2910 do you mean the intelligence to understand "spend less than you earn"? A doctor can't grasp that...wow.

@@webfreakz sad but clearly true in her case, the proof is in the pudding

Ps I’m 25

I like it when they say enthusiastically they're doing great and literally a minute later they're crying on national radio

Haaa! Me too! We make over 150k with AA degrees and no debt.

You'd think a doctor would be smarter, so strange

Who's going to rent a $800k house in Michigan? Kid Rock?!

I don't think he had the mental energy for that, LOL!

Well said! There was nothing educated about what she did ! Definitely not a success story once you scratch the surface! I think we are raised to believe certain things about whats considered success like someone saying they are a doctor but financially she is in a mess and might as well be living paycheck to paycheck like someone she is looking down on.

Turns out Wisdom and experience is much more valuable than intelligence. Who knew? 😉

Shots 🔥🔥🔥🔥 very well put

It depends on the subject. I don’t trust you to give me medical advice because you can’t learn that from KZfaq, whereas you obviously can learn personal finance (which is a skill set that must be taught, per Dave’s own books). “If you judge a fish by its ability to climb a tree, it’ll live its whole life believing that it’s stupid.”

hey man, i think you sound pretty smart.

Agreed. This is probably one of the reasons why America has so much debt.

@@Musicienne-DAB1995 well giving to the able bodied poor and trillions to other countries I say is a bigger issue then helping our own

I wonder what cars and other expensives she has.

Maryline Happy All about choices.

Or even common sense

800k in 🏗️ 200k on a🏡 297k on student loan She is a bank

Joshua McGough Residency leaders😂😂😂😂 No excuse. This is her own personal failure. She supposed to already know basic math and how to read from grade school. And some common sense. Could have included any type of personal finance courses on her own with that student loan money. Broke Mega debt Brand new house Mother-in-law suite $1k in savings And now a virus. She hasn’t seen stress yet.

Living on 140,000K isn't broke (assuming she and her husband live off a 3rd of her income and his). Especially in Michigan. That leaves plenty of room for travel and fancy things (and puts 140k after tax on the debt per year). Most doctors aren't 'tired of living like they're broke', they just feel like they should be recognized as having all the money a doctor should have.

Joshua McGough You are correct that her leaders could have helped with scholarships and work at the university to assist her prior to residency. My wife is a physician and we cleaned up her debt together within her residency. That was a number of years ago, and I would assume there are more programs available today to assist those in their selected field

Research Dr. Cory Fawcett, he has a program specifically for doctors to pay off student debt and build a financial future. If you want to hear it from another doctor.

@@Ranger15893bn I'll definitely check that out - I've mostly looked via the Whitecoat Investor (also a Doc). Thanks!

I would not shame someone for making 40k that is 2.7 times minimum wage. That is arrogance. And she said 40 to 50k but you are being dishonest to make your stupid point.

20k a year is a lot of money in other countries. There will always be someone with a lower standard.

@@santiagopicco1397 yes very true in act I think if you make over $30k a year you are in the top 1% of the richest people on the planet...

@Santiago picco you forgot the higher taxes/prices in richer countries as opposed to the poor countries. Although 30k is very high in some countries, but their cost of living is way too low. A better way to judge your income would be to compare yourself to the people of your own country. Even 20k in my country puts you in the top 1% and you could easily afford all the luxuries. But in the US 20k would be like the poverty line. Even though you are earning more money, but your standard of living will be worse than those earning the same in poorer countries.

EXACTLY. If you're making six figures and you have these kind of money problems, you have a VERY serious spending problem that is completely out of control.

You’re forgetting income taxes

Agree

Maybe. If they ever get the debt under control.

and now they want to build a $800K to add his mother.

maybe but long term the guy is miserable being the b*tch in the house.

He thought he did

@@ipromisethatserendipityisa9656 I put on 2 bedrooms, a kitchen and a living room for less this (and paid it off.)