Omg I said the same!

He can’t figure it out on his own!! He even considered continuing master degree!!!! Facepalm.

well I don't know.... if he can't get a decent paying job after 48k in loans, he may not have learned any math.

Not everyone who is good at math is also good at teaching math to people he doesn't relate with

​@@jomontanee He would rather be a career student.

For more department?

@@amireallythatgrumpy6508 I think he meant debt

​@@amireallythatgrumpy6508 Username checks out.

Dept as in department store? Lol

We all know people like this, they more into school than actually getting the job and making money

Voting for Biden's handouts...

What do you do for work and how much do you make?

Math is a marketable skill

It’s rough for us SE

or data analytics or actuary... also high paying jobs

He doesn’t need to go learn software or computer science to use his math background TODAY. Math has nearly unlimited application across many different industries he could choose.

Those entry level software engineering positions have been outsourced. He should look into insurance or actuary related subjects

Noice. Live like Noone else so you can live and spend and give like Noone else

So you're saying you messed up in your calculations? 😜 Jokes aside, congrats on getting rid of your debt!

happy to have a wrong calculation this time

🎉

Amazing

Who would have thought ?

the flip side is they have financial problems and the DR team always says make more money... I'm sure most people have considered that.

You'd be surprised about what hearing that from an "expert" can do to a person

Someone call the whaaaambulence

is that really that hard to comprehend???

And his degree was in Applied math

Just because you went to college doesn’t mean you have a high IQ

The type of math that Ramsey and other financial dudes do is basic algebra, it’s more like common sense. The guy studying math is doing problems and handling math who 99% of people will never even touch. The guy is clearly lacking a plan but I hate the amount of finance people that comment on degrees which they don’t know about. This guy needs skills. With a math degree you can get a job in tech

True

Math degree is completely different from financial math obviously.

What about this caller showed you either trait?

AMEN!!

or ignorance.

*education and wisdom. Intelligence is the ability to acquire and apply knowledge, the ability to learn, understand and deal with new things and situations. This guy does not have either of those, all he has is the ability to listen and repeat what he is told is correct. He does not understand it.

Neither of which exist in America.

The fact that he is considering it is very telling. He hasn't come to terms with his problem.

What do you do for work?

@@TRE4RAISEDME Something high paying that I could have gone directly into without bothering to go to college. But I did to to college. Luckily I dont have any debt from it. I dont really want to be more specific than that about what I do.

@@nychris2258 like what? What do you do?

That's how it's done

That is NORMAL

That’s why a masters degree is not in my plans unless I am offered something nice to pay it off within 2 years of graduation. Not adding $60K-$80K of school debts when I have no debts of any kind.

@@mba2ceo it’s not… it’s just become normal for people to drown themselves in debt. But many of these jobs you can work your way up or go to community college.

That's a -50% ROI. It's a win cuz my dude is a professional student.

thats what so many did when i was at a corporate job. to bad i was to dumb to do that, but i did other things that helped my wife get her medical degrees.... there's options out there other than taking out more debt for school

I'm not... she's ruining the whole show she talks way way too much.. I actually stopped watching the show because of her...

@@jamesjazzy8040but here you are watching lol

@@jamesjazzy8040I agree with you. She never gets the whole story first. She just responds to every sentence then just buts in. She’s pretty to look at. But she needs to hush sometimes lol

Yeah if he is getting it for free/ can ta/ga his way out of payments I'd say take it but if he has to pay out of his own pocket nope via loans nope... the one thing I am not so sure about is if he could pay the final offer without loans (I think thay may be tempting imo)

and he can find a job and they pay for it or part of it;

YES. WORK! Grandma won't be around and then he will be paying rent. I put husband through 3 degrees as a CNA/CHHA. Worked 6 and 7 days a week the first years, he didn't take out loans right away. He had support to get his advanced degree. He can go back in two years when he's debt free or maybe 3 with a used paid off four year old car! Friend, live at Grandmas, contribute to chores around the house and yard. Live like you have less than when in school. Tell her every pay day how much you have paid off and you couldn't do it without her! She'll be gone in a blink so instead of spending money, spend time with her! When husband finished his thesis we were unemployed for four months. Learned even more! He got a job and he's been there 19 years. We moved from out of state into a 410 sq ft apartment with utilities included and no lease. Put stuff in storage. We spent a couple of years paying down debt. We haven't had a car payment since 2005, when we paid off our 4 year old car. I said I never want to have a car payment again. That car is 21.5 years old! We bought a house on bus lines to his work. Then started putting enough in to get the 401k match for 17 years. We were a one car family for 14+ years. We could afford two or nicer cars but I'd rather have money. We bought the next car with cash 21 months ago after him taking the bus or biking for years. We have got the 401k employer match for almost 17 years. We've had perfect credit scores. Get lower insurance rates. We only carry mortgage debt. With escrow it is less than renting half the space. No it wasn't exciting but we have is peace of mind! My Grandma died two months after we married. I was 23.5. Two weeks after we married we went to visit her, she passed away weeks later. He's lucky! I'd love to spend my time with her again. We're celebrating our Silver Anniversary in 11 days. I've had health challenges. I couldn't walk! I had major surgery, still recovering. I can't imagine having debt. Or paying more to rent from not paying debt down, buying and saving consistently. 17 years ago I read don't wake up in your late 40s with little saved! Best advice I ever took! I'm late 40s and health challenged! You dont know when you won't be able to work. Pay off the debt and then go back to school. Don't envy debt slaves in fancy or nicer cars. They are not an investment and envious looks won't comfort you when your health is poor, have kids! Save for retirement and don't take it out. Work now while you can, buy yourself peace of mind!

Yeah, I purposely only got an associates degree in software engineering knowing, once I was in the door, I'd be good. I have no need to get a higher degree and I learn everything I need for free from Google and KZfaq. Degrees can put you in the hole real quick.

Ramsey has become so anti-education that he can't be bothered to know about or care about the way assistantships work in advanced degree programs. I'll give him a pass on that part but it's very strange that they didn't suggest that the caller seek a job fitting his degree rather than adding gigs into the current job. Contacting the undergrad institution for help with job placement would be a start. The kid has the chops to have scored a slot in at least one master's program, so I'm guessing that he'd have success in the job market if he had some direction.

They say the truth hurts. But better to tell them the truth then lie.

Yes!😊

Except graduate school is expensive inordinately, kid. And the guy has little savings and very little cash flow. You're asking a guy to dig a deeper hole to get himself out of a hole. That's a contradiction. All of that is before compounding of interest of debt kicks in. You're full of nonsens, kid.

Dave is good friends with Mike Rowe (dirty jobs) :)

Yup!

I'm a highschool drop out, looking to finish schooling now, and go to college to get a cfa. In my 20's making 40k a year at 1 of my jobs and 10-12k a year at my 2nd job... in the next 10 years I want to finish school. Be making 60k a year and still have my 2nd job.. I am native thankfully and they will pay for all of my school

​​@@jacksonbilly9979 It's free money wise...but it costs you the most valuable resource: time. Teach yourself to code or another high value skill. Much faster...

Most pure sciences require an advanced degree before you can start making any real money. A physics or biology major can only make about 40k max working in that field with a bachelor's degree. Same with math and chemistry. Engineering is more of an applied science than pure science, so most engineering degrees can come out making nearly 6 figures if not more after just a bachelor's. That's why it's really dumb to spend money in an ivy league school for undergrad in a degree that will still require an advanced degree.

With a bachelors in math he could easily get a job that pays better than 30k… assuming he actually learned math well while in school.

Everyone told me to stay to MSC another 20 grand. I went to work instead and had virtually no student loans when I graduated. 10k while some class mates owed 80 to 100k paying for living and such. I felt so blessed but really it was seeking out advice. People told me to apply for scholarships bursaries live cheaply and I listened.

I went back at 36 and saved a thousand each semester and paid cash.

@@Whiskey_Jane Nice!

He's a kid. They lied to him and said he needed that piece of paper and his life would be complete

It's 80% behavior 20% knowledge

Just like the builder who never finishes renovating his house ....or the cleaner who lives in a pig sty same same

My dad is good at math, made a lot of money and still went bankrupt. If you're a massive pussy married to a dumb woman who doesn't work and spends money that will happen. Math skills, or any skills, are meaningless if you don't have a backbone.

Apples and Oranges

Nah. He's like most people that get their master's degree. Graduated and didn't have an amazing job yet so status quo says go get more school. If he said "I really want to use this applied math program to be this and do that and give me opportunity for the other", then sure. We have an epidemic of people taking the easy option which is 'take out loans to get more school because I was accepted and I'm sure it'll be better in the long run'. Get out and DO

He can get masters in 2 years with no debt.

@@Gibb591yeah, unless the program you’re admitted to is high end, pausing your income in order to attend is foolish. And for the most part, a guy making what appears to be roughly $40k a year was probably not admitted to a prestigious university. There’s a reason why these STEM masters programs are full of foreign students. It’s because the chase for US immigration is the main benefit of enrolling in these programs

Great job!

Just a bachelors here im at 145k base 16% bonus.. im not doing a masters ever unless its free... and idk if always chasing a dollar is smart. At a certain point in life its better to balance high income and as most FREE TIME as possible. 20k raise aint much after taxes

@@DSNCB919 I had to do Master’s because I wanted to get into the IT field, which was vastly different from Finance and Consumer Banking which I was previously in. And yes I agree, at a certain point you’d want to stop chasing money and settle, but in this current economy, I’d need to be making $200k to have a comfortable life or have my house paid off, whichever comes first.

@@DSNCB919what do you do for work?

Maybe school should be cheaper? Like it used to be in the US and still is almost everywhere else.

@@Riggy931 Agreed. Our parents never had this problem. But, if people are willing to take on infinite debt, then they should expect to be charged accordingly. Basically there needs to be a return to market forces. Cheap easy credit has been at the heart of all bubbles and busts. End federal loans. Reintroduce risk back into lending by legalizing bankruptcy on student loans (still not recommended) and this is just for starters. The way the cycle works in the US is as follows: You have people who are willing to borrow any amount for degrees that don't pay from lenders who are protected from risk in lending to help the borrower pay a school only too willing to offer and charge more in the face of it all. If this isn't broken, expect it to get worse.

@@billmelater6470 Whose parents? My dad graduated with debt in the 70s and when you adjust his debt for inflation it was comparable to the amount I borrowed when I went to school. The idea that education debt wasn't a thing until yesterday is fantasy. You're right on the second part though. Get the federal government out of the business. That's how you probably bring prices down.

​@@BTrain-is8ch I never said that education debt was new but I will say that the scale of debt is unprecedented. What I said was that school was cheaper (i.e., average cost per semester). It's funny how often the government sets out to make things "cheaper" or should I say "more accessible" and then a price spike follows.

It’s all about choices…If you’re short on money, work and go to junior college..Then work and go to college. Skip the spring break and other vacations.

Well to be fair, most people find their career lacking purpose.

@@jmorris023 that's different, they are working and getting paid in return. School is for kids, it's not the real world.

I’m a Dave Stan but jade is my 2nd fav

Not gonna lie, my first thought with her was “diversity hire”, but she seems to be better at actually hosting and handling these questions than others

@@hornetguy9063 Why was that your first thought...

@@heartbrokendraCuz he’s one of them ‘grr woke bad boo’ people. Every time these people see a black person or a woman or god forbid a black woman on screen their eyes shrivel in disgust

@@Drae2212 It sucks for the black women who do earn their accomplishments. Ironically, it's a parallel issue to the idea of white privilege and that every rich white man had it easier than everyone which is obviously also false. I judge each black woman individually just like each white man should be.

Solving differential equations and proving theorems doesn’t really help you with finances

@@thorneto2742 You're right. I'm taking ordinary differential equations this semester and we're focusing on first order ODE's, initial and boundary value problems, Laplace Transforms etc. Finances and arithmetic are not on the list 🤣.

@@front331 yep, when I left university I could find representations of Lie algebras and solve lebesgue integrals but I didn’t know squat about budgeting lol

@@front331 Don't they offer financial mathematics or something like that?

@@chocolateangel8743 They do. Math majors also learn programming. Math majors can be good software engineers. A solid career path.

Exactly! He can work in high finance, banking, logistics, business or public finance… the applications are endless. Pick an industry you like and go to town.

Come on man ! The guy is 23 ! Not 63 . He'll be OK . They gave him solid advice . Don't run cover for the guy !!

I worked 1 full-time time and a part-time job for a year to help me off my student loan in my 20s. It’s tiring but doable.

Ouch

That is not the point. Yes, you can do that but the guy called asking for how best to pay off his debt. The answer they provided is cut off all unnecessary economic activity until the debt is paid off. That is not done while paying for a masters simultaneously.

@@alrbredwall - Your missing the point. Defer the loans to obtain the Master Degree so the caller can increase his income.

@appleforever6664 no I understand the point perfectly. You are the one who had this video go over your head. In the baby steps model there is no deferring until later to get a degree. You pay off the debt by working first and then you cash flow future expenses. The guy called asking for advice and they gave him a baby steps counsel. Your comment about going to grad school andcworking at the same time does not fit into this equation. You missed the mark.

​@@alrbredwall To me it sounded like the guy was trying to say he would get the master's degree for free... but Dave and Jade kept cutting him off. If that is the case, then IMO it is 100% worth it to delay paying off debt for another year or two to get a free master's degree. If the Master's degree is NOT FREE then I agree that he needs to not go in further debt and he should work like crazy to pay off his current debt.

@@alrbredwall - 🤡

At $2600 a month, he definitely said MATH

​@@luketarplingood point

Lol😅😂

It's the least he can do. Thank you for your service.

Yeah, I'm also only going to college because of my G.I bill lol. I wouldn't pay out of pocket.

This is what got them in this mess in the first place - they thought an expensive degree was their "golden ticket" to an easy life and high-paying job, and reality comes after they graduate.

People here are all over the place with their opinions about this woman from pure hate to marriage proposals.

Yes. She is the real deal.

why he doesnt want to work as an MD? he can be set for life

The system doesn't learn , lol. The system issue is that college tuition rises at a higher rate than either wages or inflation do.

@@davidharman7245 The 'System' is too 'Compartamentalized'. A 'degree' in Math should also include basic application of mathematics for basic Construction Engineering and Economics. I personally feel that learning How 'Money' and Interest on 'Debt' operate 'Mathamatically' in our Debt Based Gov't. system should be a HIGH SCHOOL requirement.

There is a psychological disconnect between basic math and managing money. It's what has allowed Dave Ramsey to profit 300 million dollars a year in his business Ramsey Soulutions.

Many of us in the math world are too focused on proving theorems, analyzing math concepts and coding sometimes. Many people including myself weren't even required to take financial math because it's a lower level course and you can test out of it. I agree with you though that financial math and math for the trades should be a requirement in high school. Instead, the smart kids take AP Trig or AP calculus.

He probably does understand personal finance, but the reality is a degree in math is pretty hard to market because it's not applied like with an engineering degree; it's more theoretical. His choices are likely academia, which will require a PhD for "reasons", or he can head to Wall St. and get picked up by a hedge fund to run whatever investing fad comes up next.

he already has a job...

@@JUDALATION do NOT use logic and reason with stupid

Love Dave, but this advice for this caller aint smart! Dave's advice is not for the smart people who are wasteful with money..but for the general populace who are typically broke. My brother was in same situation as this guy years ago.....got his Applied Maths masters degree and 1st job out paid him $150k in biostatistics, then 10yrs later he is a VP at one of the big NY investment banking firms. With a BS in Maths, the best he could have got is being a teacher (which he will even need more education to get his teaching credentials - to then make $50k). A 23yr old can sacrifice a little with debt to move up. I would agree with Dave if he was getting an MS degree in music or basket weaving. The other day Daves daughter suggested that a medical student work while in med school to not get debt (dumbest advice ever - I'm a physician - most important thing is med school is education).

​@jamiu22 I thought you're not allowed to work while you're in medical school? I would like to go into a sonography program but it's full time for 16 months and I can only think of working during the evening but I'm very afraid I wouldn't do well in the program with a full time job and no real rest.

@@crazykaitlyn yeah, it is highly discouraged - and some schools will flat out forbid you from working while in med-school. No matter how smart you are, you need to spend approx 80hrs studying outside of class, so making it almost impossible to work if you wanted to. I dabbled in day trading during my 1st yr in med school - did well - but quit that as soon as I realized the added stress to my already stressful educational workload, also realizing that it won't benefit my future patients, spending time away from the focus of the 4yr intense learning. Congrats on sonographer school, it's great education. If you can avoid working for those 16months, it'll be tough - but its part of practicing delayed gratification, which will also serve you well later on in life 😉.

I agree, he sounds lost. Hope he finds his way!

But he seems like he's got the spirit.

I was also able to get funding for grad school, which allowed me to enter the field in a higher paying position. Approaching retirement now, and I'm thankful for that salary jump start.

What masters degree and field are you in?

@@DestinyC1020 mechanical engineering, I got my master of science degree in it as well as my bachelors.

@@jackbrinkley4436 Good for you! 👍🏾

This is what I was also thinking....it sometimes takes money to make money, and nowadays, and it's REALLY hard to find a decent paying job without having a master's degree.

No

Then why are you finishing your BA?

@@AudreyPerry I need it to get a job, unfortunately.

As long as his master's is in a job-relevant area of Math. Same with biology majors - a masters in Biology won't help much. But a master's in Anesthesia Assistant Studies would. His master's should be in: Statistics, Actuarial Science, Financial Engineering, Cryptology, or Bioinformatics. But a general Applied Math master's degree will barely help same as a general Master's in Biology.

​@@joshitheyoshi2533Applied math and general math are different. Applied studies teach you how to APPLY your education to real world problems. I have a MS in applied psychology, where we learned how to apply psychological concepts to workforce management (I/O psych) or human-machine interfaces (HF psych). Our salaries are comparable to clinical psychology.