You’re a Broke Person Making $170,000!
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It makes sense this is the type of person telling our government what to do with money.
profile pic checks out LMAO
Quite frankly you're doing a tremendous job
Love the profile pic 😂
His advice to the government: spend like there’s no tomorrow.
Trump 24’!
“I work in politics…consulting…”
Dave’s soul left his body that moment…
Lmfao he was actually fairly nice to him. Almost like if someone that sold timeshares called him.
That says everything about the mess we're in. Biden, Trump... it doesn't matter, they're advised by idiots.
Government consulting is one of the biggest rackets there is
You know how much he loves politicians!
Yeah exactly 😂😂😂
I always love Dave's brutal, honest takes.
His stutter after Dave said "so the whole splitting the rent thing was bullcrap" is so funny.
Yeah, I want to know where she’s getting her half of the rent then! Lol
Only fans
So much respect for Dave’s patience.
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value.
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name BECKY LOU GORDON and everything changed. I started enjoying huge returns from my investment.
Oh that sounds good but how do i reach out to BECKY LOU GORDON
I found her on a CNBC interview where she was featured Afterwards I reached out to her on her webpage. she has since then provided me with entry and exit points in securities I focus on.
Warren Buffett underscores the vital importance of understanding compounding and adopting a long-term perspective for financial success, as leveraging the compounding effect and maintaining a extended investment horizon enable individuals to accumulate substantial wealth through patience and strategic planning.
Navigating the complexities of investing can be challenging for newcomers, but by staying informed through analysis of financial news, market trends, and expert perspectives, I aim to offer valuable guidance and help individuals make well-informed investment decisions, emphasizing the importance of seeking advice from financial professionals and conducting thorough research.
Certainly not, as I've closely tracked the performance of my portfolio, witnessing an impressive surge of $433k in just the last two quarters. This experience has illuminated the reasons behind the substantial gains that seasoned traders often achieve in the seemingly unpredictable market. I must emphasize that embracing this path has been one of the most audacious choices I've made in recent times.
@@hunter-bourke21 Kindly share the details for reaching your advisor. With inflation negatively affecting my funds, I'm in search of a more lucrative investment strategy to optimize their performance.
"Camille Alicia Garcia" is my portfolio-coach, I found her on Bloomberg where she was featured, I googled her name on the internet. Fortunately I came across her website and reached out. You can go verify yourself.
Camille. Has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
"I lack the discipline" at least this guy understands the issue and probably one of the biggest problems facing young men today. Get focused and work on self improvement. Budgeting, exercise, expertise in your chosen field. Start as soon as you can, if you can get to this point in your 20's your 30's will be amazing. You will have great financial freedom, relationship freedom and a sense of peace not easy to obtain for men in the current western culture. Become self sufficient. You can do this, many of us have. Find discipline and buckle down.
Spoken like a Politician. Unaware of their spending cause they all truly believe money really grows on trees
Paper comes from trees. Government prints as much paper money as they want. I suppose money does grow on trees.
LOL, facts
@@Azel247money isn’t made out of paper
@@Monicablackard Are you going to say it's made out of sweat and tears?
@@Azel247 yes
A single guy with a $170k income complaining about some relatively small amount of debt is bewildering.
Waste of everyone’s time, there is nothing to learn here for me
To people talking about how it’s scary that he’s working for the government, it’s really not that scary. It’s much easier to give others advice on how to handle stuff than it is to follow your own advice.
That’s definitely true, but in the world of politics, most consultants aren’t worth anywhere close to what they cost. The machine of consultants is DC is the swamp that takes all of the money out of a funding package to pay for themselves and leave nothing for the actual project to be completed.
Truth. Those who can't do TEACH
You’re diminishing his utter lack of financial responsibility. This is akin a teacher coming to elementary school smoking in the class telling the kids not to smoke. It is never acceptable. If you still don’t agree it’s because you can’t grasp how much is $170k.
Earns 170k and he's in debt. An absolute disgrace.
He’s only been making that 6 months…he was making 20k driving an Uber…prior to that it was 90k…decent but not crazy
Easy to be broke on 20k for a year especially with no no savings
He did not purposely stop working. He is digging himself out of the hole, once he moves beyond his lame excuses.
@@drewdelaney4166
@@WeBeatMedicare6969 that's some lifestyle creep for you lmao
To be fair, he hasn’t earned it yet.
He's probably been flying back and forth, renting cars, eating out every day, going to the gym, and drinking with buddies. He's so proud of his newfound "big money", but so foolish about how he's living. Like the politicians he's working for, he's learned to just "kick the can down the road".
Going to the gym? Is that seriously something to frown upon when 60% of Americans are over weight? The roi on exercise is high, use a different example. I agree with everything else you said
@@np494609When he’s $28,000 in debt? Yes. Go for a run. Stop eating crap. You don’t need a gym membership for that. Besides, it’s temporary. He can have a gym membership when he has zero debt and money in the bank. Until then, HE CANNOT AFFORD IT! This is what people don’t get, but they do it anyway because they “deserve” it. Deserve what? Debt?
@@np494609but most people spend ridiculous amounts on a membership to a fancy club and instead you could invest in some equipment for home.
No idea what the caller is doing, but it is an expense to watch out for if your money is flying out the door
Going to the gym shouldn't be something he gives up. You can get a Planet Fitness membership for $20 a month. If he has a membership at an expensive gym, then he should cancel it.
@@benjaminatterberry1843 No. A gym membership is a luxury until he’s out of debt. He should do NOTHING but work, sleep and eat at home until his debt is paid off. People who think like you will always be poor or will always have debt.
This caller won’t change… he NEEDED everything. Lord please
😂😂
😊😊😊
We found the guy who writes the budget for congress.
Too funny
Toooooo funnnyyy
😂😂😂
Lol 😂
I hate when people make great money and still in debt. It's literally a slap in the face to God. As soon as I got any decent money I immediately paid off ALL of my debts.
It kind pisses me off too when people out there busting there a$$ and making minimum wage have a better financial knowledge
@@elchapojr6219 Yep I have been the latter most of my life.
I wish medical tech workers paid better. My pay is nothing compare to this guys pay. Why people in politics paid so well?
@@elchapojr6219 It shouldn't piss you off, everyone has strengths and weaknesses. Those people you're referring to busting their ass making minimum wage might know how to work hard, but they don't know how to work smart. Acquire some skills and become valuable so that your time isn't only worth $10 an hour. They don't understand how to think outside the box, like this guy has to make 170k/year. On the flip side he has bad financial knowledge. The people who know how to work smart and have good financial knowledge are the ones who become rich, if you only have one of those qualities it's hard to do much.
I have 5 kids and we live off of my husbands income of about 63k a year no outside help and live in a pretty big city and we do pretty well. How in the world can you live paycheck to paycheck on 170k, that blows my mind.
Young and bad parenting I’m assuming it’s easy spending 14k a month especially if you live in New York
Me 62 retired single. I make $49k.
House paid off. No debt at all. Never done drugs. Travel the world. Life is good
Seriously. We have 6 kids, one income and our house is paid off.
@@mycupoverflows7811 awesome !!!
These stories are really encouraging to me. It's not hard to live on "less." Life can be pretty good. Thank you all for sharing!
It’s not about being smart or stupid. It’s about controlling your urges and being discipline
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks, ETFs, and bonds
Pls who is this coach that guides you? I’m in dire need of one
NICOLE DESIREE SIMON is the Consultant that oversees my portfolio. She's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Him: I ean 170 000$ a year and cant get out of 28k in debt
Me: Who the hell hires people like this without any discipline?
Him: Im working for the goverment
Me: Now i understand
😂
I laughed so hard when he said that 😂
Hey did you know the $ goes before the number. It’s $170K not 170$
Lol
Now we know why our country is ~32T in debt.
I am always glad to see one more person with ZERO financial responsibility and accountability get into politics.🤑
Pretty sure it is a prerequisite for getting the job.
So much for the 1800’s Pendleton Act.
@MichaelJones-rn2pq you said it better than anyone else could.
This is why our government spending is ruthless. Makes sense.
Instead of buying a lavish apartment/condo, why didn’t he just buy a 3-level townhome, rent out the top 2 floors, and he could stay in the basement when he’s in town?
Crazy part is he’s consulting for out Government, ain’t this some shit. 😂
We're doooomed! 🤣
This caller is a joke lol
He works for Florida
Sounds about right!😂😂
How does one "forget" their credit card debt? Is this a learned skill?
From 20k to 90k & to 170k that’s a big jump no wonder he’s outta control
It was 90k first then 20k. I bet he’s making up for purchases he couldn’t do during his $20k salary during Covid
THIS is why we need to teach financial literacy in school. He is finally making a little bit of money and he suddenly feels entitled to live like Elon Musk. The reality is that $170K is decent but is not close to being "rich," especially if he has to pay NY city/state income tax. I hope that he can at least claim FL as his primary residence so that he can get out of paying state/city income tax; that would save him at least $1K per month.
Until then, teach it at home as it appears this will never be done.
They will never teach what Ramsey teaches in school, the higher education industrial complex would never allow it.....
People keep saying teach it in school ...it won't help anyone teenagers and young adults don't care until they get to an age where they do care
Every generation is the same some good with money some not....starts at home with parents example anyway
@@ykook7000 I agree with you especially the statement that they will need to care. My point was that all education does not have to come from schools. It's as if the educational system is the only education source in our informative years.
Even if he's a FL resident, he is likely going to have to pay NY taxes as a nonresident. It depends on which state his pay comes from.
It’s nothing to do with what you make it is what you spend it on. I have never made more than 45k in my life but at 51 years old have a paid off house and two paid off cars
He is a perfect material for politics.
It's not about how much you make, it's all about how much you save and invest! Keep your fixed expense low, pay off all the debt and then start investing the savings!
100000% agree!
Hah people who make a lot of money don’t do that. They like to ball out. I would to kind of making that kind of money after not having anything for years. Plus it gets boring saving. Saved enough and now I’m ready to have fun in my life and made plenty of sacrifices.
Thanks Jeffrey!@@jeffreywhitaker5154
@@Queen-jc8fd who makes 4 an hour in this country? You can go wait tables or work at a golf course and make minimum wage
@@wadeharris348your way of thinking is why most Americans are still in debt by the time they are retirement age with no savings for emergencies smh
He started making a lil money and became his girlfriends sugar daddy lol. Not good
yup someone needs to tell this guy he needs to make twice that amount in yearly income before he gets himself a sugar baby...
Maybe she let's him spit in her mouth
@@dungeonmaster6292good lord 😅
Indeee
How can you have two credit cards cancelled on a 170,000 salary?
I'm a huge fan of Dave and he's the reason I'm out of debt, but this call is another reason why I prefer Caleb Hammer's format. You can't effectively help this man in 7 minutes.
It’s not like Dave doesn’t have any books on how to get out of debt. Or a program the guy can follow. I mean, his information is out there.
man probably wouldn't get help with 70 hours
What a crazy deal making that kind of money and spending it all, but not everyone is the same lol. Thanks for the great content Dave and John!! God bless to James hopefully he’s doing better!!!
Dave you changed my life
I give Dave credit for holding out as long as he did before flipping out...this caller is absolutely infuriating to listen to. I paused it 4 min into the call, and I can see he is a scatter brain. Dancing around questions, instead of answering with 2-3 words which is all it takes. I am surprised he has such a good job, especially in consulting because he isnt very articulate with his words. Phew, this is exhausting to listen to.
“Stupid people don’t make $170k a year.”
You’re right Dave, they make $170k a month on TH-cam and TikTok
Yeah, I've met a lot of really well off morons.
Lots of dumb rich social media
Society loves making stupid people famous
There's not too many dumb rich people anywhere. Perhaps you're the dummy if you really believe that.
Well said 😂
I wonder what percentage of callers actually follows thru dave’s advice.
Very small probably.
THIS is the reason our government can't balance the budget and is in so much debt. My personal feeling is that every single politician that has any input in spending taxpayer money should have to make their FICO score and their income to debt ratio public. If you can't be responsible with your own money, you aren't going to be responsible with other people's money.
Amen! Now can we get Trumps tax returns
Trump and all the other elites
He's in politics....there goes the "stupid people don't get hired and make $170,000", argument. 😂😂
From the getgo Dave seemed ready to attack the stupidity of such callers 😂. Dave just presses the right button at the right time & cuts it in simple short. Amazing as always.
As soon as he said he is political career we knew he’s spending like congress 😂😂
This guy has a bright future as a politician.
“Chick, you need to get a job or you need to move out”🤣🤣🤣🤣
He’s supporting her, so that’s where his money is going.
I thought it was bad when he said he is a govt consultant. Then he said his girlfriend is unemployed and that explains everything
It’s fascinating how many call Dave saying I make $xxx and I have no idea where my money goes every month. Get a grip
Got a huge pay increase and then started blowing it.
I have seen with with family. We would have weekly meetings and he would keep all his receipts and justify everything over a certain amount. He just needs some accountability and not wanting to disappoint someone. He needs to choose wisely on who does this for him. My family member is back on the straight and narrow thankfully.
"I work in politics." That answered every question.
170k is not even a lot of money if you have to travel to and stay in New York all the time
This guy will be Speaker of the House before he knows it!
How can you forget about a credit card?
A NYC apartment for $2000 a month is a great deal he got.
$2K in NYC today is impossible unless he is living with a roommate far uptown or is living alone in the Bronx.
😂 he should Air B and B
Sounds like he’s trying to keep up with his colleagues who are probably also making poor decisions. He could’ve easily cleared this debt within the 6 months of him having this job.
Nope, he's a procrastinator who does not take charge of his life. Yet he is a consultant to politicians. Now we know why this country is in such a bad shape.
This was good the only thing that would’ve made this better is if they helped him figure out how to get out with advice about going through the numbers to get an affordable car and some options around his bad spending
Who to say he doesn't? I'm almost sure he has a team that helps.
This was a classic case of trying to keep up with the Jones’!
The Jones' what?
I love how Dave lights em up on their lies
Discipline is a must. Live like you still make $90,000!!! After a $1000 savings, pay only housing, utilities, eat food prepared at home (no eating out) so pack lunches. There are plenty of TH-cam videos with tips on minimizing meal expenses. Use public transportation. Put cash in envelopes for each month's budget category and that is all you have until next month's budget. All remaining surplus goes only to paying debts. Act like an adult. Stop making excuses. Stop letting your girlfriend live off your income. Make your dates cooking together to meal prep for each week. No snacks, drink water. Budget only for necessities (needs only, no wants). Only way to get ahead quickly. You've dug yourself a big enough hole, time to work your way out of it with intense commitment.
“So the whole thing about splitting the rent was bullcrap” 😂
Dude starting making some money finally and spending like crazy. What’s he expect?
The more you make the more you spend.
@@vxptc1yep. Lifestyle creep is insane. When my wife and I got pregnant, I learned to scale back. Reduced mandatory spending by $1K a month and $400 in discretionary spending. In the last 3 months I pulled back another $1200 in mandatory spending. We make a lot of money but we are pulling are lifestyle back from a $200K lifestyle to a $60K one. Our stress has been melting away
Dang I make $15 an hour,
No debt, I feel like I have more money than him and I don’t have much. Raising kids as well
Yikes. You have a job. You need a career. Good luck brother
@@hanschitzlinger3676the man is raising his kids debt free. He doesnt need luck. I get what your saying but being debt free means more than having a career in 2023
🎉🎉 Wow! Congrats! That’s something to be proud of!👍🏾💪🏾🙏🏾
$15/hr doesn't pay rent
@@dungeonmaster6292
$600
3bd/1bath home.
Rural Oklahoma water/trash paid.
I cover electric and propane.
Propane is around $250/$300 every 2 years,
Main source of heat-wood stove.
Hunt most meat/ growing a garden.
Just saying, country life is fabulous, it’s not all about the money. We are NOT poor.
Never pay for anybody bills that are not your spouse or kids. And their age limit for the kids
Daddy dave giving fatherly advice!
"I work in politics."
**pauses video and opens comment section**
He should said, “you’ve been spending like you’re in freaking congress… oh wait…”
So to give him the benefit of the doubt, traveling makes it harder to budget and spend wisely. He might be doing something like five days in NY and then 5 in Orlando, back and forth but with no consistency. That makes it very hard to grocery shop. So then he has to eat out a couple times a day. And he is renting snd furnishing two apartments. Plus flights, transportation, etc. he would likely be able to save and invest more making $90k staying in Orlando only. Just saving on Ny rent and taxes. He might be saying his gross business income and he is a contractor so can deduct business expenses like flights, hotels, rent in NY, restaurants, Uber, etc and after all deductions his taxable income might be $110k a year then after the IRS and NY and NYC he had more like $7k a month, not $14k. Then an expensive car lease, eating out all the time, gym membership, nice clothes, expensive haircuts, etc eat up the rest but he “needs” to look New York professional.
Working between Orlando and nyc? He’s definitely spending his money on going out.
Question what's the 27k in?
How can you not pay 27k on a 170k ? That’s ridiculous.
I live in Taiwan and spend $250 USD per month for rent. Still have never spent over $500 for rent in my life. RA in college, home for a few years. There's always a way.
It wasnt the income that got me. Ive heard of plenty of broke people making six figures. It was when he tallked about the $27k debt. He should be able to get ahead of it with the right mindset.
He makes roughly 10K salary PER MONTH (after taxes)..27k debt is virtually nothing on that salary. There are school teacher with 80K debt making 45K Gross
There's an old adage in the health industry 'we are what we eat'. Well, here's an adage when it comes to financial behaviour: 'we are what we spend money on'.
This guy is a consultant for politicians ...... and can't manage his own money. Perfection.
Makes sense to me.
Unless it's in gold bars or white envelopes, who can keep up with it?
Probably drives a fancy sportscar to impress his friends. Lives in a luxury house he can’t afford. Goes to fine dining restaurants every night. Spends as much as he makes
I have same problem more I watch I agree it's not how much u make how to u manage your money especially saving money or invest if u can't handle small money how u handle big money
Amazing people can’t figure this out on their on. Like how do these people live
How did he make 20k in a year doing Uber? I made 25k doing Uber just this summer
spending beyond his means makes him a perfect political consultant
170k salary isn’t all that impressive when you need two places to live🤦🏻♂️
He sounds like every salesman ever. Just ADHD having no idea or care where his money goes because "easy come, easy go." Honestly if this guy is in political consulting he's too "type A" to accumulate wealth. He'll never change. There's a reason why engineers and accountants become millionaires. This guy doesn't have the personality. He'll never change; he'll always be burning the candle at both ends. It's the only way he feels alive.
Come on Dave! Your preaching now.
I still can’t believe when I hear people making way more money Than me and they are broke. Incredible
I broke up with someone who made 6 figures because of this same irresponsible behavior with money. He's in debt to the IRS for tens of thousands and not making payments. He has nothing to show for his earnings. That's not my kink, so...
Thx
Dave wears really nice shirts every time it seems...
It almost sounds like a prank call
I really don't know how people are living...Our house hold income is 100k with a paid mortgage and still no extra money left over....
James eats all his money on restaurant meals all day in New York 😂😂😂😂😂
Stupid me I eat most meals out it's expensive to eat and live n NYC
Why don't you and all your consulting buddies split an NYC apartment? That way you're not spending $2k a month on something you're hardly using.
Reminds me of years ago when I had a friend getting 1350 a month and I was getting like 870 and she said "your money goes farther than mine - it's magic " I said "and by magic you mean efficiency " btw, she was running 50% eff and I was doing around 90 .
I bet this guy's solution to his debt is just to raise our taxes
Funny thing is he is mentioning Covid. I got myself in the worse financial state ever during Covid. Not blaming anyone but myself but I think all the time at home and immediately getting my desired items the next day became addicting.
He's not serious about getting out of debt.
How do you make 170k and not being able to own a car!!??
A $2,000 apartment in New York doesn't sound extravagant.
Though renting cars adds up fast.
I'm glad he went to town on him. Anyone who earns 170k a year shouldn't be skint or in debt.
Him working for the government summed it up.
Wonder if his creditors will give him a continuing authorization?
How can you act like you have 27k doctors fee or you die into your life?
This is a beautiful analogy, but getting into that mindset, how?
if i went to the doctor and they said i needed 27k or ill die. Im dying. Or i am going to a county with cheaper healthcare cost and risk it than spend 27k.
We see why the government has a huge deficit 😂
If I can just have $170,000 one time it would set me up in such a good way. No debt, money in savings, and money in my 401k. Some people have it too good 😢
People are so irresponsible. They spend like they’ll always be making good money. They spend assuming they’re going to get a raise next year. You’d think James losing his job during COVID would have woken him up. These are the same people that complain about “the rich” and want “the rich” to pay for their retirement. He could easily be one of “the rich” if he just had an ounce of discipline.
Yes!!
170k is the new 60k
$80k goes to that booger sugar habit Dave, keep up!
Bingo