We have a young lady here explaining to us how she got to owe 100 thousand dollars but buy a very expensive car and paying for her studies. Video Credit = cheese847213 on TT
Theres four answers: 1. Sell the damn car. 2.Move back in with family 3. Get second job (assume you have a first one). 4. Dont spend money on anything but essentials for a year, it will suck.
Come on buddy, she got this. Remember she’s a strong independent boss chick who doesn’t wanna live with her parents. Probably she’s a product of a SINGLE MOTHER HOUSEHOLD. Her actions says a lot about her not having a father figure in her life.
- Your name, sir? - Bady, Maxim Bady - Your occupation? - I'm a comedian - Oh, how interesting! What kind of comedy? Stand-up? Parodies? - I mock videos of people doing stupid and embarrassing things on TikTok. - Oh my, you must be incredibly overloaded with work then! -
Upon graduation we offered to gift our son a 6 year old car with low mileage. I asked him if it was ok with him or if he wanted to but a new car. He had the money from his side hustle. He was good with the used car. He's 24 and i hope he avoids any girl spending 55k on a car. 3:40
Right? It's so easy to get a cheap used car that works. I got a old car that looks nice and works well for 4 grand. No reason to be paying so much for a car
Spending money on a new car is the easiest way to waste money. I keep being astonished why people do this. 3, 5, even 6 years old cars in practice drive like new while costing just a fraction. I think the only reason people do this is to impress others, which is ridiculous, because I've never seen anyone impressed by that.
@@JarnsmidrAt this low a price you also usually run the risk of having big repairs to do pretty quickly IMO (at least here in France). I thunk you're better off going for a used recent cars for around 8-12k. Much pricier but also much less risks of big repairs and first repairs will usually only happen after many years if you grab it with a low enough mileage. For a first car 2-4k with that risk is definitely worth though, but the slight upgrade is quickly worth it within like 5-7 years.
@@devilblackdeath eh, the guy who sold it to me sold it cheaper cause he knew there'd be repairs, and on top of that I know him and he had always taken good care of his cars. It's had a few problems but other than that it runs fine
As delulu as she is, this is a perfect example of why the economy crashes. She is in no position to be approved for a 50k loan. This sort of stuff happened pre 2008 and it didn't end well.
for people like her in my country you won't get a single 500 euros loan without work contract, i've been paying my whole life no problem with my goverment pay, now i have to rely on my parents, i never failed my payments.
@@reallymakesyouthink No 22 year old is ever getting a loan that big without someone co-signing. Hell getting a 8k loan was hard enough for me and required me to be in full time employment. A 22 year old getting a 50k loan without a co-sign? Not a chance that's happening.
@@WarlordEnthusiast People get mortgages without income verification so getting a loan isn't that hard. The people providing the loan sell that debt to someone else and it ends up being part of a bond.
I hate this society, a mid looking girl with no brain at all, can have everything she wants, tomorrow she can start an OF, be an escort or whatever, you don't even have to be pretty to do a decent money. Meanwhile i'm a smart guy with 130iq, i have valors that my mum tought me, i'm above average looking (not very pretty but stil) i exceel in many areas, and i can't even live my life or have a job cause i have autism and depression, here you need contact to work if u don't have experience, be my guest what contact would a autistic guy have LOL, i only know my mom dad uncle and my wife who isn't even with me right now cause i need work for her to come to my country, meanwhile i have to spend everything i have just to visit her, and can't even have anything material, for me a 500 dollars scooter have to be paid in 1 o 2 years, and at some point i have to sell it anyway to afford the plane ticket, so back to 0 xd Yeah i know, nobody asked nobody cares, but still i don't care, i just spit it out XD, opioids are my friend to fight depression
In France, I asked 200€ to the bank to pay the University Fees(that's the price in France), they said NO, I had to sell my computer to pay for it. And in the US, they let a student geting a 100k$ debt. Both countries are so wrong but in differents ways.
It’s worse than that, a lot of loans here aren’t through the bank, they are through the government. Have you tried going to your president for the 200? 😂
@@agm65ccip I think that'sone of the main reasons University is so expensive. They charge extremely high amounts knowing tax dollars are being used for the loans so they get payed regardless of the crushing debt on the people. Then top it off with over payed professor's.
@@joshg7949 Agree, I'm 100% against student loan forgiveness plans and while I understand why the gov being involved started as a well intentioned idea, I don't think they should be in the student loan business
@@joshg7949Most of the cost increase of universities in the us comes from the government (state and federal) decreasing significantly the amount of funding they give to the university per student. They asked university to raise tuition in an effort to get universities to compete with each others as a business would. This all started in the 90s. This has led university to think of tuition has a value to optimize for cash flow. And has led universities to spend ungodly amount on customer acquisition. That's why you see universities blowing money on sports programs, multiple fancy gyms with swimming pool and all the bang. With bunch of new fresh buildings With perfect greenery. Or on fancier dinning hall. These are all there to attract more applicants to the universities. And this all happened because the government (both federal and state) has turned the universities from a public service into a public company. The student loans came as a way toale their system work. Realistically, students shouldn't pay much for the education and that should mostly be governments funded.
@ShaferHart agree .. but at least if she makes payments, then the amount won't increase. now, she would be lucky if she could pay the late fines alone, not to mention the original loan .
Well the trick to that my friend is you just ignore it for 5 to 7 years eventually it gets charged off usually within a couple years and then secondary creditors may buy that debt and attempt to collect on it but a lot of those particularly the ones that will call you up on the phone they may not even have a license to conduct their business in your state meaning at that point you are under no legal obligation to pay them dog shit it's totally on them that they fucked up and bought the debt. You see that's how debt collection works so basically if you avoid that for 7 years at the minimum a lot of it basically just goes away some of it may still show up on the credit report but it may not also have much of an effect so by the time you get about 11 years out most of that's gone it's disappeared it's not even a problem anymore don't worry about it. Now if it's federal debt such as something like a Sallie Mae loan or a Freddie Mac loan yeah they're going to come after you if you file any tax refunds they very well could take it that could end up being a problem and of course no they will not stop charging of interest just because it got charged off and then if you go to take certain jobs specifically as a government contractor depending upon what it is because you defaulted on a government loan you may not be able to work there because you cannot work for the federal government so especially if you're in the medical field you even as a nurse wouldn't be able to see certain patients particularly those on Medicaid or Medicare because you were loan default is in direct conflict with the rules of engagement for those paying with government funds because that's where your paycheck would come from by seeing that patient. So yes it can definitely screw with you and of course the government loans are always the worst but everything else charges off and goes away it's just a waiting game if you don't have money to declare bankruptcy which it's my advice if you can come up with 3,500 to $4,500 to afford a bankruptcy attorney and go the nine yards you had might as well call the creditors and offer them a settlement because if you can raise $3,500 to $4,500 you don't have a problem yet. but on the other hand the large amounts of debt that she is in it would probably actually pay her to declare bankruptcy particularly on the credit cards My question is simply how in the fuck did she get that kind of a credit limit even with a cosigner because that implies at one point she made money and was able to pay the bills to build that line of credit so it sounds to me that she's probably more so not with her own independent credit card account she's probably more so hitched to the back of her parents' credit card in other words her parents is credit card is in stupid amounts of debt she really isn't.
I hated my other brothers for this, not as bad the woman in the video, but they kinda did the exact same thing, our families first vehicle didnt even cost 350 cad when we first move here, but lo and behold my 2 brothers bought a freakin new cars yrs later, and one of them could barely save any because he had school debt, while the other struggles to save because economy fluck bad in 2015, I kept warning them and telling them GET A FREAKIN USED CAR.
only in america, someone with no or low income (student) with massive expense (tuition fee) can get a 50k loan. that's how you get bubble economy. america is f'ked on so many levels.
And trust me, females like her will immediately call hardworking guys BROKE because they are working a 9 - 5 jobs. When literally they are the most BROKE ones out here.
@TheKnightofAwesomeness At 22 the only cars that need to be bought are Toyotas and Hondas. They're known for being such great beginner cars. When I'm on base those are the only cars I see young soldiers drive.
Looked at her tiktok and she’s as serious about paying off her debt as you’d expect someone on that platform to be lol. Unfortunately positivity and delusion doesn’t pay the bills.
She also claims that it’s her ex’s fault as he would manipulate her into getting stuff for him, but signs are pointing that it’s mostly her fault and that she’s unwilling to take any personal responsibility.
That is someone who broke my first rule. Never take dealer financing. She walked on to a car lot, looking for her "dream car" and they sold it to her, at a huge mark up with astronomical interest rate, knowing that when they repoed it they would still be ahead.
I find it hard to understand how salespeople are okay selling to people who can't afford the product. I genuinely would feel sick and horrible for ripping someone off. I would feel guilt and pain. How is this a normal thing...
@@y04ait’s simple, money. Those commissions probably hit nice. I imagine they got mouths to feed so I doubt they are worrying about other peoples income when selling it. IMO, it’s the buyers responsibility to determine whether they can afford it or not. If you are stupid enough to buy something you cannot afford at all, ya deserve whats coming for ya.
498 is an exceptionally bad credit score. Put in perspective, the "poor" cedit score tier starts at 579 which doesn't allow you to qualify for almost any loan. 700 is the average and even then you will get a higher than wanted interested rate.
I would be so utterly ashamed of myself if there was no good reason for said debt. I rent an apartment and have no car, so I can get by without having accumulated any debt yet at 30. I am not getting a car until I can afford it.
Do you use public transport to get to work? I’m thinking of how I would move out of my parents house after college and not sure what renting an apartment and having a full time job looks like without a car
@@BarcaFan1899 I used to work from home, before quiting that job. Meaning the need for a car was completely inexistent until I was 27. Since then I have used public transport or my bike to get where I needed to go. 😄
If you live in a City with decent Transportation you don’t need a vehicle. It’s a HUGE expense that Depreciates in Value the moment you drive it off the lot after signing it. If you live in small crap hole Canada/USA then yea I could see you Needing a Vehicle.
I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
I'm a newbie talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 10Ok to test the waters now that large cap stocks are at a discount
Yeah, watching car culture content I often see/hear "low credit score" going along with "room temperature IQ" and low CS is usually along 320 were 300 is absolute minimum.
I never went to college and have made less than most people i know at 34 and i have NO DEBT. Happy just fishing, working and camping with no extra stresses.
@@javiersayshi Same here. Worked all through college. Summers had at least 2 jobs. Worked holidays and weekends. Drove a 20 yr old car. Earned a Masters with zero debt.
@@javiersayshi nice. I personally don't understand how people can "have fun" when they know for a fact that their really gonna suffer for it later. But then again I don't live in the west.
@@mobiusraptor7 I don't remember which video it was, but someone was saying "you'll see, Trump will ruin the economy and make it bad for all of us, but at least us democrats will be alright because we have degrees" 😂
th-cam.com/video/VMvraSQEW5w/w-d-xo.html I pay my mutha'uckin' rent fortnightly Mutha'uckas at the bank trying to play me An amount from my account goes out on A/P (on A/P!) Yeah, you know me Mutha'ucka charge a two buck transaction fee Makes my payment short, my rent comes back to me Minus a twenty-five dollar penalty So you fee'd me cause of your mutha'uckin' fee! Read the word on my ATM slip Said, "We're all mutha'uckas And we're 'uckin' with your shi'," come on!
@FayAlexGG Sorry! There are predatory banks out there, and they don't mention these 'hidden' fees upfront. For peace of mind, i suggest switching to a bank that doesn't charge overdraft fees, or any fees at all for that matter (e.g., charles schwab in the states, eq bank in canada!)
@@muragedan6304every bank has to have a table of fees (at least here, but I won't believe it's any different in the US). If you don't bother to even have a look there before you take a 1k loan, that's on you.
Careful. If you are debt-free in America all the credit agencies get mad at you. I have to give myself secured loans just so they think something is going on.
You can pay off the debt with 3 minimum wage jobs. 2 full time and other part time. 104hrs a week. In 2 years... I paid off 90k while paying my bills i have 1 kid. Its not for everyone. I am healthy physically and mentally. When I was doing this. It was heavy on my body and mental health. But I grew up with a Mexican father from Michoacan.... if you don't know let's just say they are the sprit of machismo. It's like a state full of David Goggins 😂. Paid off my wifes car and master degree. So we can start living a good life. Don't spend money you don't have people
That is an incredible story! Congratulations on being able to do that! I realize that's not a sustainable pace for many people but your willingness to go to any length is admirable.
Surprisingly this is still better than my mother’s schedule. I remember when I used to live with her and my dad (who was more staying at home or going to movies than working for his specialization) that the hospital had her working from 8 AM to 1 AM the entire week. She already had bad mental issues and that schedule made her worse.
If you pay enough attention she was hinting you guys how she’s gonna pay off her debt and join her in her journey part. She literally was throwing out the message of her doing OF. The join her on her journey and her movement was indicating for you to join her OF…..
Very nice job covering the basics. I am sharing this not to brag but to show what’s possible. I’m retired and I have 2 separate portfolios. One is a long term growth dividend portfolio of stocks where i sell covered calls strategically and my 2nd portfolio is the Crypto trading strategy where its all about income. This year I am on pace to make $120K in realized options profits and around $869K in crypto profit... What is great is that my long-term portfolio is still up significantly as well. As such, it’s possible to generate excellent income but still have a total return perspective. ...Amidst this, the insights of a knowledgeable guide like that of Expert Shellane Maxwell can be crucial. Her expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends.
How would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
She's exactly two friends of mine. They'd get a new car even though they're crazy in debt. But it's their fault that they're in debt. We're from Europe and I have zero debts 🤷🏼♀️
It’s sort of their fault. I mean yes ultimately it is their fault, but you need good financial education to avoid the pitfalls of debt. The system is set up to hook people in, paying for things in instalments has become the norm for the masses. I hear even from finance bros how they started life in debt and then found out the mistakes they made. It’s down to her ignorance but the lenders are waiting to capitalise on her ignorance. It’s like having a devil on one shoulder and no angel on the other.
@@rhinoboy6603I mean pleading ignorance can only go so far. Like sure if take out a few thousand and get slapped, that’s fair. But if u work at the equivalent of McDonald’s and u buy a $50k+ car. That’s beyond ignorance, there’s no financial education that would have prevented that. It’s like if a kid were in front of a 10,000 ft deep hole and jumped into it without a thought, that’s not ignorance, it’s something else man.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this lady you just mentioned. Evelyn Infurna Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Evelyn Infurna has demonstrated expertise in investment strategies n has been involved in managing portfolios and providing guidance to clients.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
Well the name is 'Evelyn Infurna Services. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Haha! Girlie sure has her priorities straight! Like gurl, if you are trying to convince us that you are in a mountain of debt, at least look the part! With those nails, even the rats would scoff at you.😂
@mitsuhh, if you do it on your own, then yes it's not expensive, I'm no nail expert, but those nails look professionally done, depending on the place, they can charge you from 30 up to 200 dollars. Another reason why she must be drowning in debt.😂
At 22 i was driving my grandfather's 92 s10 pickup and loved it. I was so grateful for it. These spoiled kids thinking they need brand new cars to show off is out of control.
That's insane debt for a 22 year old. The sad thing is how some western women end up passing the responsibility in some sneaky way to their husband if they end up getting married 🤷♂️ There's always some simp out there who might just rescue her annoyingly 🤦♂️🤦♂️🤦♂️
I said it 1000 times, I'll say it again. The government should be ashamed for profiting off of young people's education. Government student loans should have zero interest and private student loans shouldn't exist.
Most of the ones that have debt are not financially responsible and also don’t work either. Also a lot of people are not willing to go to cheaper schools or even go to a community college. I went to a community college no debt got my associates transferred my credits only have 54 more credits until I graduate and I work as well so plan on paying fees after financial aid so Im never in debt. I am currently 23 yrs olds as well
When she said ‘we’re in this together’, I immediately said out loud, ‘don’t involve me! I do not wish to be included, I DO NOT VOLUNTEER!’! Yikes
The "we are all in this together" types are often those that don't even WANT to pull their own weight. They want a free ride.
But modern women expect men to bail then out. SHES THE TABLE!!!
Feminism in a nutshell
Theres four answers:
1. Sell the damn car.
2.Move back in with family
3. Get second job (assume you have a first one).
4. Dont spend money on anything but essentials for a year, it will suck.
That’s what I was thinking, sell the car… that will make up for more than half the debt.
Come on buddy, she got this. Remember she’s a strong independent boss chick who doesn’t wanna live with her parents. Probably she’s a product of a SINGLE MOTHER HOUSEHOLD.
Her actions says a lot about her not having a father figure in her life.
You are really thinking that SHE has any job?
Come on...
5. Only Fans
Her plan is more like: How I find myself a hubby willing to pay off my debts?
- Your name, sir?
- Bady, Maxim Bady
- Your occupation?
- I'm a comedian
- Oh, how interesting! What kind of comedy? Stand-up? Parodies?
- I mock videos of people doing stupid and embarrassing things on TikTok.
- Oh my, you must be incredibly overloaded with work then!
-
I'm almost burnt out😢😢😢. The Delulu is unlimited
@@MaximBady Nothing can beat the unlimited power of chicken nuggets.Stay strong,brother!
So true!
@@MaximBady Jesus Christ on a motorbike!
I look forward to these videos everyday
Upon graduation we offered to gift our son a 6 year old car with low mileage. I asked him if it was ok with him or if he wanted to but a new car. He had the money from his side hustle. He was good with the used car. He's 24 and i hope he avoids any girl spending 55k on a car. 3:40
Right? It's so easy to get a cheap used car that works. I got a old car that looks nice and works well for 4 grand. No reason to be paying so much for a car
Spending money on a new car is the easiest way to waste money. I keep being astonished why people do this. 3, 5, even 6 years old cars in practice drive like new while costing just a fraction. I think the only reason people do this is to impress others, which is ridiculous, because I've never seen anyone impressed by that.
Your son is Alexander Supertramp ?
@@JarnsmidrAt this low a price you also usually run the risk of having big repairs to do pretty quickly IMO (at least here in France).
I thunk you're better off going for a used recent cars for around 8-12k. Much pricier but also much less risks of big repairs and first repairs will usually only happen after many years if you grab it with a low enough mileage.
For a first car 2-4k with that risk is definitely worth though, but the slight upgrade is quickly worth it within like 5-7 years.
@@devilblackdeath eh, the guy who sold it to me sold it cheaper cause he knew there'd be repairs, and on top of that I know him and he had always taken good care of his cars. It's had a few problems but other than that it runs fine
"You have less money than a person with $1".
Than a mexican... dog. Who ows 0
She has less money than someone with $0 😂
She has less money than someone with $-1.
She has less money than someone with $-2!
She has less money than someone with $-3 - $-99,999!
As delulu as she is, this is a perfect example of why the economy crashes.
She is in no position to be approved for a 50k loan. This sort of stuff happened pre 2008 and it didn't end well.
for people like her in my country you won't get a single 500 euros loan without work contract, i've been paying my whole life no problem with my goverment pay, now i have to rely on my parents, i never failed my payments.
She probably had a co-signer (parents).
@Cybersawz she probably didn't
@@reallymakesyouthink No 22 year old is ever getting a loan that big without someone co-signing. Hell getting a 8k loan was hard enough for me and required me to be in full time employment. A 22 year old getting a 50k loan without a co-sign? Not a chance that's happening.
@@WarlordEnthusiast People get mortgages without income verification so getting a loan isn't that hard.
The people providing the loan sell that debt to someone else and it ends up being part of a bond.
She's going into OF 100%
but she will be low
rank in OF...OF right now is extremely competitive lol
Damn, cant even catch a break selling yourself out lol.
i mean maybe a few guys pay her but, girls looking like that dont get all to much demand tattoed like that and all
Notice what she says and what she does at 02:47!
I wouldn't be surprised if she is in OF already!
I was honestly expecting; So...I have 100k in debs, so I took out a 150k loan to pay said debts off. Now I have 150k debt but no longer a 100k debt
👍
“Is like asking advice from a chicken nugget on how to stay alive as a chicken”
Maxim, you’re a genius
Great analogy!
I hate this society, a mid looking girl with no brain at all, can have everything she wants, tomorrow she can start an OF, be an escort or whatever, you don't even have to be pretty to do a decent money.
Meanwhile i'm a smart guy with 130iq, i have valors that my mum tought me, i'm above average looking (not very pretty but stil) i exceel in many areas, and i can't even live my life or have a job cause i have autism and depression, here you need contact to work if u don't have experience, be my guest what contact would a autistic guy have LOL, i only know my mom dad uncle and my wife who isn't even with me right now cause i need work for her to come to my country, meanwhile i have to spend everything i have just to visit her, and can't even have anything material, for me a 500 dollars scooter have to be paid in 1 o 2 years, and at some point i have to sell it anyway to afford the plane ticket, so back to 0 xd
Yeah i know, nobody asked nobody cares, but still i don't care, i just spit it out XD, opioids are my friend to fight depression
In France, I asked 200€ to the bank to pay the University Fees(that's the price in France), they said NO, I had to sell my computer to pay for it.
And in the US, they let a student geting a 100k$ debt.
Both countries are so wrong but in differents ways.
It’s worse than that, a lot of loans here aren’t through the bank, they are through the government.
Have you tried going to your president for the 200? 😂
@@agm65ccip Go to the President, you're a genius🤣🤣🤣🤣🤣
@@agm65ccip I think that'sone of the main reasons University is so expensive. They charge extremely high amounts knowing tax dollars are being used for the loans so they get payed regardless of the crushing debt on the people. Then top it off with over payed professor's.
@@joshg7949 Agree, I'm 100% against student loan forgiveness plans and while I understand why the gov being involved started as a well intentioned idea, I don't think they should be in the student loan business
@@joshg7949Most of the cost increase of universities in the us comes from the government (state and federal) decreasing significantly the amount of funding they give to the university per student. They asked university to raise tuition in an effort to get universities to compete with each others as a business would. This all started in the 90s.
This has led university to think of tuition has a value to optimize for cash flow. And has led universities to spend ungodly amount on customer acquisition. That's why you see universities blowing money on sports programs, multiple fancy gyms with swimming pool and all the bang. With bunch of new fresh buildings With perfect greenery. Or on fancier dinning hall. These are all there to attract more applicants to the universities. And this all happened because the government (both federal and state) has turned the universities from a public service into a public company.
The student loans came as a way toale their system work. Realistically, students shouldn't pay much for the education and that should mostly be governments funded.
YOU NEED TO CALL A GERMAN PERSON TO HELP YOU SAVE MONEY🗿
as a Spaniard living in Germany, this is the most accurate thing I’ve ever heard
As a German in Switzerland…the Swiss are comparable 😂😂
Diese Almans immer 😂
RIP Peter Zwegat
i would have gone for the dutch, we do love to save money a lot.
As a German living in Germany I concur.
WOW 😲 SHE'S THE REAL DEBT COLLECTOR 😂🤣🤣
Waiting for someone to break the funny number so i can like
@@pajamas720 What is the funny number
Jojo reference
That is jaw dropping. Debt can cripple you if you ain’t careful.
she hasn't paid credit in 6 months . so she is already crippled. interests and late payment fines already racking up by now .
yes especially if you lend from a loanshark
@@Abdokekoeven if she was making her payments that amount of debt is too big to make a dent when you're that broke.
@ShaferHart agree .. but at least if she makes payments, then the amount won't increase. now, she would be lucky if she could pay the late fines alone, not to mention the original loan .
Well the trick to that my friend is you just ignore it for 5 to 7 years eventually it gets charged off usually within a couple years and then secondary creditors may buy that debt and attempt to collect on it but a lot of those particularly the ones that will call you up on the phone they may not even have a license to conduct their business in your state meaning at that point you are under no legal obligation to pay them dog shit it's totally on them that they fucked up and bought the debt.
You see that's how debt collection works so basically if you avoid that for 7 years at the minimum a lot of it basically just goes away some of it may still show up on the credit report but it may not also have much of an effect so by the time you get about 11 years out most of that's gone it's disappeared it's not even a problem anymore don't worry about it.
Now if it's federal debt such as something like a Sallie Mae loan or a Freddie Mac loan yeah they're going to come after you if you file any tax refunds they very well could take it that could end up being a problem and of course no they will not stop charging of interest just because it got charged off and then if you go to take certain jobs specifically as a government contractor depending upon what it is because you defaulted on a government loan you may not be able to work there because you cannot work for the federal government so especially if you're in the medical field you even as a nurse wouldn't be able to see certain patients particularly those on Medicaid or Medicare because you were loan default is in direct conflict with the rules of engagement for those paying with government funds because that's where your paycheck would come from by seeing that patient.
So yes it can definitely screw with you and of course the government loans are always the worst but everything else charges off and goes away it's just a waiting game if you don't have money to declare bankruptcy which it's my advice if you can come up with 3,500 to $4,500 to afford a bankruptcy attorney and go the nine yards you had might as well call the creditors and offer them a settlement because if you can raise $3,500 to $4,500 you don't have a problem yet.
but on the other hand the large amounts of debt that she is in it would probably actually pay her to declare bankruptcy particularly on the credit cards My question is simply how in the fuck did she get that kind of a credit limit even with a cosigner because that implies at one point she made money and was able to pay the bills to build that line of credit so it sounds to me that she's probably more so not with her own independent credit card account she's probably more so hitched to the back of her parents' credit card in other words her parents is credit card is in stupid amounts of debt she really isn't.
"Because she's the one saying it, it can not be good" 👌🏿 You couldn't have said that any better 😅
Yeah, that was the best joke 😂
my first car cost me 900 bucks and I was 22 years old before that I had a bicycle.
As a 35yo car guy I can atest this is the way to go 🤌
I got my car for $1 at 17 it was my grandma’s car
I hated my other brothers for this, not as bad the woman in the video, but they kinda did the exact same thing, our families first vehicle didnt even cost 350 cad when we first move here, but lo and behold my 2 brothers bought a freakin new cars yrs later, and one of them could barely save any because he had school debt, while the other struggles to save because economy fluck bad in 2015, I kept warning them and telling them GET A FREAKIN USED CAR.
Not in this economy unfortunately, I went to about a dozen dealerships, cheapest I could find was $4,000 minivan with over 200,000 miles🙄🔥🤡
Car eats gasoline too fast, I prefer motorcycle
only in america, someone with no or low income (student) with massive expense (tuition fee) can get a 50k loan. that's how you get bubble economy. america is f'ked on so many levels.
Yes
"I'm too good for a beater car but I'll complain I'm broke"
The one and only civil right Americans enjoy, consumption.
And trust me, females like her will immediately call hardworking guys BROKE because they are working a 9 - 5 jobs.
When literally they are the most BROKE ones out here.
In fairness there may have been guarantors or a big up front capital payment. One would hope, otherwise you are right.
Only Americans are that conceited to say “Only in America” when this is an issue all over the developed world.
“Act your wage!!” Dave Ramsey Financial Advisor. 🤣🤣
You beat me to the comment. 😂😂😂
but how will I flex on social media??? 😫😫
@@mrkiky Lie, just like everyone else. No need to buy an expensive car, just rent on for an hour.
@@MegaLokopo or don't try to look rich lol
@@duarteribeiro1520 With the upload of this video, that is something which she has succeeded in...
She has generational debt at age 22 😭
🤣🤣🤣🤣🤣🤣🤣
Who's generation? She made all this on her own on her lifetime, her family had NOTHING to do w/ this
@@bgrego88the debt will be passed from generation to generation
@@kuda1532 that's criminal, why I gotta pay just cuz my mom was broke and stupid
@@kuda1532 how the flip is debt passed on? Debt cannot be inherited
She's a broke 22 year old but just had to have that luxury car 😂
I want to say something. Something. But who at 22 buys a car for 55K$? What car? Such delulu!
My top guesses are a Lexus, BMW, or a Cadillac...
@TheKnightofAwesomeness At 22 the only cars that need to be bought are Toyotas and Hondas. They're known for being such great beginner cars. When I'm on base those are the only cars I see young soldiers drive.
@@jaleesahevans101at 22 I had a fiat abarth
Maybe she couldnt resist and bought an oldtimer ferrari.
@@wallenrod9017ferarri is a dude's car.. She might have a tesla.. Ffs, why didnt she buy a prius?
Looked at her tiktok and she’s as serious about paying off her debt as you’d expect someone on that platform to be lol. Unfortunately positivity and delusion doesn’t pay the bills.
She also claims that it’s her ex’s fault as he would manipulate her into getting stuff for him, but signs are pointing that it’s mostly her fault and that she’s unwilling to take any personal responsibility.
@@CoolUltraMaster1 If it was the ex's fault the problem would be resolving itself over time naturally, and it sounds like hers isn't.
WHAT IS HER TIK TOK???
That is someone who broke my first rule. Never take dealer financing. She walked on to a car lot, looking for her "dream car" and they sold it to her, at a huge mark up with astronomical interest rate, knowing that when they repoed it they would still be ahead.
I find it hard to understand how salespeople are okay selling to people who can't afford the product. I genuinely would feel sick and horrible for ripping someone off. I would feel guilt and pain. How is this a normal thing...
@@y04ait’s simple, money. Those commissions probably hit nice. I imagine they got mouths to feed so I doubt they are worrying about other peoples income when selling it. IMO, it’s the buyers responsibility to determine whether they can afford it or not. If you are stupid enough to buy something you cannot afford at all, ya deserve whats coming for ya.
@@y04a most of them are Arabs and Indians, they have no problems scamming white people.
Meh, I bought an EV last year with dealership financing (0% APR 36 months), and my credit score is only 700.
@@y04a Have you met a salesperson before? They have no soul, its a requirement for that profession.
498 is an exceptionally bad credit score. Put in perspective, the "poor" cedit score tier starts at 579 which doesn't allow you to qualify for almost any loan. 700 is the average and even then you will get a higher than wanted interested rate.
I would be so utterly ashamed of myself if there was no good reason for said debt.
I rent an apartment and have no car, so I can get by without having accumulated any debt yet at 30.
I am not getting a car until I can afford it.
Do you use public transport to get to work? I’m thinking of how I would move out of my parents house after college and not sure what renting an apartment and having a full time job looks like without a car
@@BarcaFan1899do you live in a major city like nyc LA or Chicago? If you do you don’t need a car
@@BarcaFan1899 I used to work from home, before quiting that job. Meaning the need for a car was completely inexistent until I was 27.
Since then I have used public transport or my bike to get where I needed to go. 😄
I'm so relieved I'm not the only one this age who has never owned a car because I can't afford it.
If you live in a City with decent Transportation you don’t need a vehicle.
It’s a HUGE expense that Depreciates in Value the moment you drive it off the lot after signing it.
If you live in small crap hole Canada/USA then yea I could see you Needing a Vehicle.
"What organ did you use to make that decision?"
🤣 Man, the coffee just went from my mouth to the keyboard.
LOL
Living beyond your means will do it every time.
only in 'merica
3:08 LMAO "you should retire now" was the funniest thing I've heard this year 😂
"You are NOT STRESSED OUT enough!"
-"Thats whys YOU are making decisions like GOVERNMENT"
😂😂
“What organ did you use to make that decision”. Hahaha I’m dead
Remember this when you see someone with a fancy car.... You might be richer than them. 😂😂
I came across your channel through this video-
case studies are incredibly valuable, and I'm eager
to see more in the future! Building wealth involves
establishing routines, like consistently setting aside
funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is
to spread out your investments. By putting
your money into different asset classes like
bonds, real estate, and stocks from other
countries, you can lower the risk if one part of
the market goes bad.
That sounds like a good plan. In the past two
years, working closely with a financial market
specialist, I've built a six-figure diversified
stock portfolio. Now, I aim to diversify even
more this year.
I'm a newbie talking about a financial market specialist, do
you consider anyone worthy of
recommendations? I have about 10Ok to test
the waters now that large cap stocks are at a
discount
Mrs Martha Ann Hammerton was my hope during the
'bear summer last year . I did so many
mistakes but also learned so much from it
I was skeptical at first till I decided to try. Its huge returns is awesome.
And here I am complaining about my 1K credit card debt lol
don't worry. If your 1K in credit card debt, it will soon balloon into 20K. Thats just how usuary works.
Just buckle down and pay it down
@@AliSidTex no it doesnt
Keep playing around and the next video we'll be commenting on in this channel will be yours
@bgrego88 oh I have been and very responsibly too! Will be done in a few months
She pulled our leg. No way she is being truthful at this point.
Credit score translation: 498 = really bloody awful
We do actually have credit scores in the UK btw, it's just not standardised :b
Yeah, watching car culture content I often see/hear "low credit score" going along with "room temperature IQ" and low CS is usually along 320 were 300 is absolute minimum.
2 dollar tattoo is spot on 😂😂😂😂❤
I never went to college and have made less than most people i know at 34 and i have NO DEBT. Happy just fishing, working and camping with no extra stresses.
I feel so smart and accomplished when I hear what Americans my age have been doing
Meanwhile these "educated " college grads insult people like me to went to trade school and got a job in a high demand field with 0 college debt 😂
Do they? Like what?
@@javiersayshi Same here. Worked all through college. Summers had at least 2 jobs. Worked holidays and weekends. Drove a 20 yr old car. Earned a Masters with zero debt.
And they voted for Harris too. Not really Trump fan either but she would be much worse.
@@javiersayshi nice. I personally don't understand how people can "have fun" when they know for a fact that their really gonna suffer for it later. But then again I don't live in the west.
@@mobiusraptor7 I don't remember which video it was, but someone was saying "you'll see, Trump will ruin the economy and make it bad for all of us, but at least us democrats will be alright because we have degrees" 😂
2:13 making decisions like a government. equal parts funny and sad
Yep, we're the butt of that joke unfortunately 😢
2:18 "We'll get through this together"
Me: Whoa, dont drag me into all that debt with you!
😂 , too late , she's dragged the Taxpayer into it already . So u are already a part of it .
the debt collector: how would you like to pay your debt
this girl: *with love and positivity*
lmaoooooooo
1:00 Riding on a broom stick is epic
So if you can’t find me ohhh look to the western sky has someone told me lately everyone deserves a chance to fly
- Elphaba singing Defying Gravity
Don’t worry, she has a college education. She’s got nothing to worry about! 🤣😂
I bet it's not an engineering degree.
@@nucleargrizzly1776 maybe its gender studies, that earn her alot forsure
At 18 I over drafted my regular bank card and ended up owing $1000, that's when I decided I don't want anything to do with the bank.
th-cam.com/video/VMvraSQEW5w/w-d-xo.html
I pay my mutha'uckin' rent fortnightly
Mutha'uckas at the bank trying to play me
An amount from my account goes out on A/P (on A/P!)
Yeah, you know me
Mutha'ucka charge a two buck transaction fee
Makes my payment short, my rent comes back to me
Minus a twenty-five dollar penalty
So you fee'd me cause of your mutha'uckin' fee!
Read the word on my ATM slip
Said, "We're all mutha'uckas
And we're 'uckin' with your shi'," come on!
Blaming your bank for your own mistakes is next level delulu.
@FayAlexGG Sorry! There are predatory banks out there, and they don't mention these 'hidden' fees upfront. For peace of mind, i suggest switching to a bank that doesn't charge overdraft fees, or any fees at all for that matter (e.g., charles schwab in the states, eq bank in canada!)
Put your money in a Credit Union, not a bank.
@@muragedan6304every bank has to have a table of fees (at least here, but I won't believe it's any different in the US). If you don't bother to even have a look there before you take a 1k loan, that's on you.
BADY NOT EVEN JOKING.HE GIVING TRUE ADVISE!
I’ve been paying my debt off on instalments. In 3 months I will be debt free! 😁
All the best!
Careful. If you are debt-free in America all the credit agencies get mad at you. I have to give myself secured loans just so they think something is going on.
@@Mereologistwhy? does them being mad at you really change anything?
@@ArabicLover101 Thank You! All the best to you too!
@@Mereologist I’ll be careful not to line their pockets with high interest rates ever again.
You can pay off the debt with 3 minimum wage jobs. 2 full time and other part time. 104hrs a week. In 2 years... I paid off 90k while paying my bills i have 1 kid. Its not for everyone. I am healthy physically and mentally. When I was doing this. It was heavy on my body and mental health. But I grew up with a Mexican father from Michoacan.... if you don't know let's just say they are the sprit of machismo. It's like a state full of David Goggins 😂. Paid off my wifes car and master degree. So we can start living a good life. Don't spend money you don't have people
That's mentally and physically impossible for me. I don't even do shit and I have more money than most people in the comments.
That is an incredible story! Congratulations on being able to do that! I realize that's not a sustainable pace for many people but your willingness to go to any length is admirable.
Surprisingly this is still better than my mother’s schedule. I remember when I used to live with her and my dad (who was more staying at home or going to movies than working for his specialization) that the hospital had her working from 8 AM to 1 AM the entire week. She already had bad mental issues and that schedule made her worse.
So for 2 years your kid never even saw you, as if you were jailed. You think it was worth it? Spirit of machismo for sure.
The Debt has tackled you😂😂😂😂😂
Not the vegan water 🤣🤣😂
Financial advice: OF will easily erase that debt not tiktok. 😂
she not bad tho... like 6/10 at best
If you pay enough attention she was hinting you guys how she’s gonna pay off her debt and join her in her journey part. She literally was throwing out the message of her doing OF. The join her on her journey and her movement was indicating for you to join her OF…..
😂😂😂 she might make about $3.99 a month on of.
The vast majority of OF girls make very little money. I don't think a lot of guys would pay to see her naked.
@@nitroustommy tbf with all the attention she's getting recently she could be making some serious money tho
EMOTIONAL DAMAGE!!! (Insert Asian accent)😂
0:18 2 dollars tatoo 😂😂
"you have less money than a person with 1$" 🤣🤣🤣🤣🤣🤣
Caleb Hammer would be so stressed with this one lol
I like her positivity, she ll get thru this
How?
@chrisantoniou4366 myself i dunno, but i sure am with her in support hopin she ll figure it out soon
Other commenters mention that she's doing OF
@@wongjimmy3189 Another great life decision...
Damn, I love this guy's content
Vegan water sounds like legit startup idea 😂😂
She HAS to be joking
like bro $100,000 in debt is CRAZYYY 💀💀
I’ve seen worse, lol
I know some people that went on to graduate school and are close to $200K in just student loan debt
By the time I get out of my 3 years of college, I'll be in 100k of debt
Lol this one is great. Been a fan for years Maxim!
0:55 "not your brain"💀
0:27 how to drown in debt before you hit puberty ☠️
I’d have a heart attack if I discovered that I had this debt
When I was 22 I had about $100 in my bank. She makes me feel SO much better about how I was.
Good luck, you will need it!
Getting lesson from a Chicken Nugget LOL
Very nice job covering the basics. I am sharing this not to brag but to show what’s possible. I’m retired and I have 2 separate portfolios. One is a long term growth dividend portfolio of stocks where i sell covered calls strategically and my 2nd portfolio is the Crypto trading strategy where its all about income. This year I am on pace to make $120K in realized options profits and around $869K in crypto profit... What is great is that my long-term portfolio is still up significantly as well. As such, it’s possible to generate excellent income but still have a total return perspective. ...Amidst this, the insights of a knowledgeable guide like that of Expert Shellane Maxwell can be crucial. Her expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends.
I heard her strategies are really good, How do I reach your Coach/mentor.
How would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
CAN”T SHARE MUCH HERE SHE’S MOSTLY ON TELEGRAMS WITH HER NAME.
@Shellanemaxwell she's verified
This is helpful, thanks ....gotta message her right away.
"Sell the car and buy a broom stick!!" 😂😂😂😂
She's exactly two friends of mine. They'd get a new car even though they're crazy in debt. But it's their fault that they're in debt. We're from Europe and I have zero debts 🤷🏼♀️
It’s sort of their fault. I mean yes ultimately it is their fault, but you need good financial education to avoid the pitfalls of debt. The system is set up to hook people in, paying for things in instalments has become the norm for the masses. I hear even from finance bros how they started life in debt and then found out the mistakes they made. It’s down to her ignorance but the lenders are waiting to capitalise on her ignorance. It’s like having a devil on one shoulder and no angel on the other.
@@rhinoboy6603I mean pleading ignorance can only go so far. Like sure if take out a few thousand and get slapped, that’s fair. But if u work at the equivalent of McDonald’s and u buy a $50k+ car. That’s beyond ignorance, there’s no financial education that would have prevented that. It’s like if a kid were in front of a 10,000 ft deep hole and jumped into it without a thought, that’s not ignorance, it’s something else man.
You're making decisions like a government killed me 🤣🤣🤣
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this lady you just mentioned. Evelyn Infurna Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Evelyn Infurna has demonstrated expertise in investment strategies n has been involved in managing portfolios and providing guidance to clients.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
This is interesting. I heard a lot about the same person not long ago, please how can I contact her?
Well the name is 'Evelyn Infurna Services. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Spending like a government!!! Hahahahhahaha
Am I the only one who noticed how nice her nails are and she claims she's drowning in debt!?😮
Maybe she did them at home…
Haha! Girlie sure has her priorities straight! Like gurl, if you are trying to convince us that you are in a mountain of debt, at least look the part! With those nails, even the rats would scoff at you.😂
It does not cost a lot of money to do your nails
Source: my gf
@mitsuhh, if you do it on your own, then yes it's not expensive, I'm no nail expert, but those nails look professionally done, depending on the place, they can charge you from 30 up to 200 dollars. Another reason why she must be drowning in debt.😂
"I have $55k in car debt"
Jeeesus doesn't even spend that on a motorbike!
She was voting for Kamala hoping the government would wipe out her debt.
Student loan is only 7k though.
At 22 i was driving my grandfather's 92 s10 pickup and loved it. I was so grateful for it. These spoiled kids thinking they need brand new cars to show off is out of control.
55k on a car, shes probably riding round in a Tesla Model 3
Can get used for sub 30k nowadays
That's Diva mentality there: I don't have money, but I deserve it, guuuuuurl.
my thought before I watched was "she's American and she went to the hospital"
That would have made more sense!
I expected mostly student loans - but the breakdown was _wild_ ☠️
Jesus Christ on the Motorbike never gets old😂👇
I can only see one way out of that mountain of debt, it has something to do with spicy content. 😂
That’s why they need a man that makes a million dollars per year.
The way he said you should be riding on a broomstick is next level
That's insane debt for a 22 year old. The sad thing is how some western women end up passing the responsibility in some sneaky way to their husband if they end up getting married 🤷♂️ There's always some simp out there who might just rescue her annoyingly 🤦♂️🤦♂️🤦♂️
You have less money than a person with 1$ killed me😂
Im mid 30 and have no dept !! 😊 This is just crazy....
Getting advice from chicken nugget of how to stay alive!🤣🤣🤣🤣 You got me crying there!
She's debtmaxxing fr
"You have less money than a person with one dollar" 🤣
The whole country is 33 trillion in debt so any debt i would owe is insignificant compared to that
36 trillion... to be 37 trillion at te end of February.
I died at the chicken nugget bit. I almost had to wipe up a mouthful of coffee.
Me too I’m 23 and I’m $140,000 in Student loan debt
Med school?
Crazy system, 99% of the world enjoy free education, but you guys are destroyed before even starting.
@ lol nope undergrad for public health and being dumb taking private loans and going to a private 4 year institution that wasn’t worth the money
@@randomwildtv2206 Jesus Christ on a motor bike!
I said it 1000 times, I'll say it again.
The government should be ashamed for profiting off of young people's education. Government student loans should have zero interest and private student loans shouldn't exist.
2:12 "You are making decisions like a government" is the smartest advice I've found in a while.
My eldest is 22 and thank God, not like this
So Zeus mind controls your child? And you are thanking him for that?
@@PROVOCATEURSK what?
@@PROVOCATEURSKsure buddy, whatever helps you sleep at night
Lol!!!! I couldn't stop laughing.. amazing content 🤣
I mean, many 22 year old college graduates have more debt than $100,000.
No, at 25 after they have a master's, maybe, but definitely not at 22.
Most of the ones that have debt are not financially responsible and also don’t work either. Also a lot of people are not willing to go to cheaper schools or even go to a community college. I went to a community college no debt got my associates transferred my credits only have 54 more credits until I graduate and I work as well so plan on paying fees after financial aid so Im never in debt. I am currently 23 yrs olds as well
At her age she can file for bankruptcy and by age 30 if she has learned her lesson can easily recover.
2:37 I’m surprised it’s that high.
I just found your channel. You are so funny! I cant stop laughing. Subscribed.❤😂
Sell the car
That chicken nugget analogy was funny 💀