I'm $500,000 In Credit Card, IRS, Student Loans And Car Debt!
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- เผยแพร่เมื่อ 16 ก.ย. 2024
- I'm $500,000 In Credit Card, IRS, Student Loans And Car Debt!
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I got $3000
They didn’t even ask him how much debt he has in each debt category.... ? They just gave this guy an good peep talk smh ... we need Dave back ASAP
To be honest the guy is in the perfect field to pay it off in no time. It's just the matter of how fast he want to pay it off.
Everyone certainly has their own way of doing things. And I guess we're used to Dave's way.
@@recomiller facts!!! He could get rid of that debt in two years if he really puts his heart into it
He can figure it out with Financial Peace Univ which they gifted him, he’s obviously intelligent enough to learn, he’s a NP
Dave would’ve told him to sell his kid.
"You're drowning. You know that right?"
No I just called to brag about all my debt 🙄
Guys a tool
He’s good for making snarky comments.
This was 100% not a call they should have accepted til Dave gets back.
Yea bc Dr. Delaney is the shrink and Christie is the female-business-startup chick. Good in their fields, but neither one could have analyzed the situation like Dave.
I agree. Lol
This guy did all of his homework before calling except he called on the wrong day. Where's Dave with his wisdom?😔
Counting all the money he scammed from his book and class.
The dude should of done his homework 20 years ago. His exes are lucky.
TH-cam comment section is the next best thing.
@@cincinnatislider sarcasm.
@@cincinnatislider yes, nothing but compassion and empathy.
IRS is priority over others, they will make you homeless if you are not careful, the others can be done later and student loan on forbearance until all other loans paid off.
You can negotiate with them.
With the IRS? Really?? How?
@@Michael-vf2mw "Offer in Compromise", payment plans, etc. All official correspondence is usually through USPS.
IRS has to be addressed first for sure. With his income I wouldn't be so sure they'd accept an offer on the debt, but we don't know how much he owes.
"Yes I am disabled from my time overseas."
John-"Awesome"
lol
It is awesome as should get feee healthcare
@@michaelvan6675 fee healthcare? So he should pay a higher fee?
@@HOLDXSTEEL don’t be silly
Shows you how much they really listen...only want to hear themselves.....
😂
As an advisor,investor and partner,I’m impressed by the thoroughness and professionalism exhibited by all of principals. In particular,their depth of knowledge in diverse disciplines as construction,operations and asset management is highly advantageous.Their focus,integrity and attention to details make us very comfortable doing business with them
He's probably paying 25-50k in interest every year. Yikes
Ain’t no probably about it.
That interest would pay off all of my loans
Omg!!!! Reallly?
@@thedude5040
How do u eat an elephant? One bite at a time
+1
We need Dave's blunt answers ...... Calls are not the same
Dont forget the 'I can hear it in your voice' -reply
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Caller: 'I owe half a million'
Dave: 'Move to Afghanistan'
Lol
Sounds like Dave.
Taliban: We have 85 billion worth of your weapons. We are debt-free!
Move to Cuba
Lol!!
Dave- we really miss you. Your hard truth talk keeps me motivated.
Dave wakes these people up.
Suddenly my situation doesn’t seem so bad...
As much as I like Dr. John and Christy, this call was for Dave. Only Dave could've been able to successfully help this caller.
One has to accept responsibility for their actions. That is a lot of debt.
Yes. Sell the car, sell the house, stop dating attractive women you can't afford. I owe, I owe, it's off to work I go
@@maryrobie4752 notice he blamed the women for it 🙄💩
I just dont understand the student loans when he was entitled to the GI bill after separating from the military. Got my bachelors and masters under the GI bill. No college debt.
The majority of student loan money goes to lifestyle, not tuition.
Party now, pay later.
That women's studies, game beta tester or film evaluation degree will surely lead to a high paying job.
At this point, a new born baby is richer than him.
Also if he has federally backed student loans and he is 100% P&T he can get the loans waived.
Some of us in the military had out GI benefits cut when the Obama administration was in office. I joined for the GI bill, did my service, and they told me I couldnt get any VA or GI benefits even after an honorable discharge. I had to go the student loan route. Not sure when he was in but could be the same deal.
I actually know idiots, that declined contributing towards the GI Bill when I joined 21 years ago. It’s puzzling that some people would actually turn down that great benefit.
They asked how he was and he said “good” Michael you are not good!!
Debt doesn’t really matter you can owe them but it dosent matter after u die
@@archiejr6730 yeah so let me go to the bank and borrow $100 million dollar in debt to fund my lifestyle. If they demand me to payback, i'll just die.
@@hoangle2483 I mean we all die one day question is how can we get access to that 100million
If he's making $85k now, and can make $185 a year from now, he can put $100k toward the debt. If he tightened his budget, he could do it in five years. Gotta. say, that was a helluva motivational speech there at the end.
I absolutely agree! ‼️
Forgot that we pay taxes?
Would have liked to hear Dave's voice in this. I feel like he would have asked about the breakdown of the debt and help him with each debt so he has clear path........ Hope financial peace will help
Yes, I was surprised that they didn’t ask for a specific breakdown of the debt. I think it would have been illuminating to learn how much was Student Debt.
Exactly, they just spit out a scripted response with a useless debt metaphor and didn’t help this guy one bit. Remember Dave is a numbers man. He would of broke everything down.
Half a million. Good lord
I know right
This is what they mean by “it’s cheaper to keep her”
Did he say his job only pays 87k a yr...dude..stop making excuses and just pay your bills. So many people make less and are still doing well in life. Ur view is not right to begin with
The title itself makes me feel overwhelmed.
That was a great analogy.
I always think it's silly when people have trouble picking between benefits at a current job and a new job with 15-20% pay increase.
Always take the pay increase! I don't care how good you think you're current benefits are, they're not gonna be of the same value of an instant 15-20% pay increase
that's my same thinking process
The next time you open your door to the pizza delivery guy, don’t forget to ask how his debt snowball is going.
😆
I'm dead bruh!
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I don’t like how nice these hosts are being back dave!
He collects debt like it's Pokemon
gotta catch em all
No he collects wives
@@zolozek3327 He's blaming other people for his mistakes. Bad mentality even if part of it was from a bad wife. He has IRS debt, auto loans, student loans, two failed marriages. It sounds like he's made massive mistake after massive mistake and needs to take some ownership.
They didn’t even touch on the fact he’s blaming his divorces for his spending problem. Bet he drives a luxury car and never cooks his own dinner. Come on.
First, thank you for your service. BUT
As someone making 108k a year and having an NP job, I'm not sure you get to play the victim card as hard as you're trying to. Time to wise up and be a man. Work hard and start paying back your debts. There are no shortcuts so get to work.
Gov should pay off his student loan because he is very and the gov is going to need the NP! If he is making it in a NP he is hard working man! Give him a break. Live in nothing while greedy CEO corp US burn us all wow!
lets hope no one introduce him to leverage/margin and WSB. Or he already did ?
Depending on his disability rating he should qualify for student loan forgiveness.. so that should solve his student loan issue
@@joleesa4357 No way!! I shouldn't have to pay for his stupidity.
@@jimroscovius you're already paying for his disability pension, his disability related Healthcare, and his current salary at this time off call like all of us.
His debt is well diversified.
😂😂😂
That's a lot of Pizzas to deliver.
... and life on rice and beans.:)
@@stevenporter863 Oh there’s no beans where he’s headed.
@@enricopallazzo3244 True. Lint maybe...
@@stevenporter863 😂 😂
"Debt that has accumulated" = passive voice, the debt "just accumulated".
Denial
well to be fair, with that much debt, it probably is just accumulating on its own - he's probably not paying enough to even make a dent in the principal.
@@soogasooga who's fault is that. Oh that's right....HIS!
@@Scott-got-caught never said it wasn't his fault, just that his debt probably has a life of its own by now
@@soogasooga and im saying he cultivated it! Aka HIS FAULT! Yes or yes?
This was very entertaining, thank you for this *pro cyber flip*
I've paid interest on one car that I bought for 17k before and that drove me nuts to do. This dude is paying that per year in interest on his loans I bet.
You want map how to get to Jamaica ? .. Believe me living in America is over rated .... I and my wife looking for exit too no luck yet !
Even making 150k a year it will most likely take 10+ years to pay off his debt, because he's probably losing 30-40% of his income in child support and alimony. The more he makes the more he has to pay. This is about as bad as it can get.
Yep no way out of this , the guy is a bankrupt
Yea, and plus intrests on 500 k each year
@@Sammy-uv1kl There is a way out. He needs to invest his money in assets that do not pay interest or dividends. For an example, if he brought $50k worth of ETH in 2019 it will be worth $1.7M at the peak of 2021.
@@Sammy-uv1kl There is a way out. He needs to invest his money in assets that do not pay interest or dividends. For an example, if he brought $50k worth of ETH in 2019 it will be worth $1.7M at the peak of 2021.
He can’t file bankruptcy on his student loans right ??
So they need to know how much debt he has in each category and go from there.
He can’t do it on the IRS or Student Loans. The others, perhaps.
That’s correct - good points.
student loans debt can not be discharged if someone declared chapter 7 bankruptcy.
Pay your Fxxxing taxes! I shout that at the radio every time I hear one of those ads for a lawyer you can pay to get you out of your tax bill. How foolish can you be to think you're going to game the IRS?
I think these substitutes for Dave need more training. Break down the debt. Get income. Ask questions. They are letting these callers ramble too much.
Right!!! The breakdown is one of the main questions to ask, Dave would of got all up in his business lol
Yeah. I’ve no idea what christy’s background is. But John is a therapist, not a finance guy. Dave knows bankruptcy law like the back of his hand
They don’t have the knowledge.
What do you call a guy who's always in debt?
Owen or Bill.
NOT FUNNY at all
@@shaleknight62 I am sorry, it’s not my intentions to make to make fun of anyone in debt, I was just trying to Cheer-up someone.
That joke makes no sense
@@shaleknight62 lighten up Francis
Good one. What about a woman? Brooke?
I’d sign up for the squid game tbh
For real, he's got Squid Game levels of debt 🤣
Where did 500k come from !!!!!
How much did he pay for school?
Time period of when he joined military and when he became a student for RN? Did military help with tuition?
Did he just go to the most expensive school there is or did he just accumulate debt out of thin air overseas?
Ah, sir, you're in complete DEBT.
when looking for a spouse - you need to know debt to income ratio of that person .
Ain't that the truth?
Bankruptcy 😞
That is a deep hole he done digged for himself
Might aswell fake his death
Yup. Now hes crying! Whaaaaaah! Call the wham-bulance lol
@@closingdealz I rather have 500k debt then no debt at all
@@archiejr6730 what?
Might be medical Bills
Sure miss Dave on this one !!!!
As an np, 170 is an over reach unless you do contract work ...that type of work is going away ... Stay with the Va , use a va school loan repayment program to repay all of your loans .do the 10 year plan ...they write the rest off ...find away to pay your other debts ..make consistent micro payments everyweek..put money in you savings thrift/ 401, live cheaply , retire at 57 You can do it !!!!!
He needs bankruptcy. He may have the worst debt situation I’ve heard for his age/income.
Yeah. I am literally the same age and income he mentioned and carry a lot of regret about things I have done wrong only to have 60k in cash saved up (not including retirement).
With his income to debt it would be similar in scale to someone making minimum wage and paying off 60k in debt.
How many people are in that situation?
@@Cookieboy70 Cookieboy looks like a nice pup! @Captain...hopefully not too many people are in that situation :(
I've heard worst. Much, much worst. But you're wright, he does need chapter 13.
Do they ever recommend filing bankruptcy on this show?
Get out of working fir the VA, make more money and join the reserves to get that affordable healthcare.
He has free Healthcare at the VA
@@hellosunshine5 only while he works there and they pay less than the private sector
@@webfreakz He said he gets paid by the VA for a disability so its likely that he is rated high enough to have free healthcare through the va as long as his rating stays the same.
@@hellosunshine5 No, he gets paid 1750 to add to his 87k income with the VA. Still Nurse Practitioners can make 160k and up working for a private company.
It would be totally ignorant to stay with the VA along term, especially with his debt, sheesh.
@@alphagenisis1 I'm not suggesting he work there.. Part of VA disability is Healthcare provided at free or little cost at the VA. I'm not taking about his employment at all
Notice the hosts look like cyberman. Who wears a headset on a show in 2021 😂
His debt makes the 33K left on my mortgage look like chump change. Ouch. Poor guy.
I wonder if DR and the team have ever just hung up on someone bc they’re beyond help
I would lol. Just act like the call accidentally disconnected
He has muted plenty of people
Enroll them in fpu and hang up
@@nczioox1116 exactly lol
Nope.
He has said one case I remember needed to declare bankruptcy.
Just way too much debt and no shovel.
Come on, Miguel!!!!!! YOU GOT THIS!!!
My BF works at Yale and is an RN and makes 100k w OT. You can make way more than that as an APRN in the new haven area.
He might have limited hours while collecting disability
VA disability unless determined to be unemployable you can work as much as you want.
He makes more money than 80% of the guys in this comments section.
So Inorder to get to $500k debt, what did he do? He must have bought some assets or developed skills to get into that debt. He needed to stay in the job and work extra agency shifts on his days off. Sounds like he was trying to impress women flash cars and houses he/they couldn't afford. Then when she got pregnant she couldn't work. Notice he didn't take any responsibility. He said they got him into the mess.
That's going to be very painful to pay back, life can be ruthless
You should deffo lease a mercedes and go on holiday. Itll sort itself out in the end
“Only” 87000
Beans and rice never been so fitting
100K+ a year eat noodles and live in a garage sounds like he isn’t changing his lifestyle but still expecting everything to workout
at that point dude gonna have health problem from eating that much instant noodle b4 paying off the debts. Nah, let him yolos in some SPY puts for some tendies.
This guy is stronger mentally than am. Good thing he has a great job with great prosperity
You are a nurse sir take some travel contracts and make 5000-8000k a week and pay it off quick
Where's Dave?
My exact thought!
Dave is one in a billion. He needs to start doing these shows again. He could do shorter shows. I’m sure he is tired of it, but no one can hold a candle to him.
@@CroisMoi facts
I thought the title would never end
Those women destroyed him financially!
I was only able to go to college and then law school because I was offered such generous scholarships. If you have to take out hundreds of thousands of dollars for college, maybe college isn’t for you and that’s okay
How is he working and claiming disability? Is that legal? I know a man who got in big trouble because he mowed his yard - even used a riding mower. And as far as I know, student loans and taxes are unable to be filed for bankruptcy. My debt is less that 1000 - I can't imagine the stress he has. Good luck. He can move to a less expensive house to help. If he owns the house, he can rent it to make the payments while increasing wealth and living cheaper.
VA disability. It’s legal. It’s completely different than Social Security/Workers Comp disability. I am a 100% rated disabled veteran, and can still work. To explain how this works would take too long on TH-cam. There’s a wealth of information out there. Essentially, you enter military service 100% whole. Any injuries caused from your service, no longer makes you “whole.” The VA compensates you for any injuries, or anything that aggravated an existing symptom. You lose an arm, you are compensated. You were sexually assaulted, causing trauma, you are compensated. You lose your hearing, you are compensated. I think you get the point.
@@JBrown-go8ru - Thanks for the explanation. It helps a lot.
I wish they did a break down on his debt to give us more insight. He's blaming the two separations but we really need more to go on.
As in not taking responsibility for his situation. I cringed when I heard him say that. He is 100% responsible for the situation he's in and needs to own it.
I’ve never understood how you can qualify for “disability” while holding a full time job
It is service- connected disability paid by the VA for getting injured. It does not mean he is unable to work. This is not SS disability.
I feel better in my life now.
@Cr****92 basically.
Feeling stressed just listening to this caller....😆😆😆
You can tell Dave was not there. They Never asked how much debt on each category… that’s disappointing.
Find a tall building, at least 10 storey high! 😂
They didn’t break down the debt !!!!where is Dave Ramsey ?
The banks send him a gift on Valentine’s Day. I’m a nurse. If he didn’t become a nurse practitioner and focused on working as a travel nurse plus vet the women you get involved with, he won’t be in this situation. Not trying to point fingers but he really made several mistakes along the way. I am rooting for him. It’s going to be a hard slug but it’s doable even as a nurse.
And I’m out there stressing about 9k in debt
What a waste of the caller and audience’s time. They offered no advice on how to settle the debts and pay them off.
I’m pretty sure he knows he has to work a lot
Soooo no more live shows?
I need motivation to get out of debt!
Free advice. You get what you pay for.
if he wins a lottery, he finally can afford to be broke. having nothing is better than owing anything.
This was bullshit advice. I don’t think he was looking for a pep talk, he was looking for for a strategy to tackle his debt. $100k range income will still have him drowning in debt. I don’t recall the. Mentioning interest rates buts that’s the real killer that keeps people in debt. $500k debt, could be paid off in 10yrs, but interest alone gonna increase it to 15yrs
Why can you live on 30k sell everything and pay 100k a year on debt and be done with it
Horrible advice. You gotta understand why he has so much debt to begin. Hes clearly spending more than hes bringing in. Until you deal with the spending just telling the guy to earn more is not going to get him out of that hole. Plus he gets free healthcare from the VA and the guy has a disability. You want him to leave that situation and start racking up medical bills? Seriously do some real cost bemefit analysis here.
One thing that sucks is his income coming in is being taxed prob at at least 20 percent. And then the debt is being charged interest. So he has taxes and interest working against him when paying this :(
“What is your disability? Are you a veteran?”
“Yes, from my time overseas”
“Awesome”
???????????
Please forgive this guy and thank you for your service. I am cheering for you to turn your life around
Many veterans claim disability even if perfectly healthy.
@@michaelweyenberg6238 🤣🤣🤣 how do you know that?
@@thinkforyourself9334 I know several. Surprised this guy just admitted it on air. Guys who work well paying, manual labor jobs, yet get $1500 a month for "their back problems".
I think the 'awesome' was referring to him being a veteran?
Finally, and actual financial question
sell the car and move to the bronx, rent is cheaper
It’s like the SWAT team is over your shoulder, god bless man
Wow!!!! You guys were really inspiring and motivational. I love what you did for Miguel!
What happened to Anthony O'Neill?
bruh, 87k? there nurse sin Cali with BS degree pumping $180 an hr with $270 OT as a travel nurse. Sure you be paying 100k worth of taxes but the 200k plus worth of money will get him out of this in 3-4 years
Dont leave the VA. It's very rewarding.
Once again, let me make 500k in debt and file bankruptcy. How about not letting yourself get to that point.
Don’t feel bad about not having a budget. I’m 39 and a homeowner and I don’t have one either. I pay my bills on auto pay , and my 401k comes out , and just spend the rest of the month.
That's no way to live!!
He will be out of debt in 10 years and have 20 years to save for retirement - living a beans and rice, non consumer lifestyle. Health is free - eat at home and enjoy your life doing the things that are free.
NPs make $120,000 average... his income is not going to double....
Did anyone else cry when John talked about the why?
How much of his debt is his mortgage? That matters a lot.
Beans Only.
Had to turn this off halfway threw, really needed Dave on this call ,those two didn't even ask questions, this is not a therapist show. It's how to get out of debt show . LAME