I'm 25 with 4 Kids and $130,000 in Debt!
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This is better than therapy, i immediately feel less in trouble
You and me both!! 😂
Crypto trading is a very lucrative way of making money online now.
No kidding!!
look at the collection of the crypto bots)) sure, people who watch Dave will drop everything and buy some crypto)
Lost $1000 trading with an unprofessional trader but I was introduced to Mrs Anastasia to help me recover and make some profit.
Anytime I get depressed I'm not dating or getting laid I remember these people who have kids, are in debt, and see years of struggle and then I smile that I'm single, no debt, and no kids
Yeah, sometimes we fear that we are missing out in life for not going out and having several relationships, but the good side is that we are also avoiding headaches that people like this caller get through because he married and started making babies too early in life.
@@eliezeretecap your smart and bad choices would transfer into your relationships though, if you are quite responsible and good with money as. Single bloke, then that will cause you to marry someone with the same values and have kids, very unlikely you would face this guy's issues if you were never like that, I can bet if this guy's was single his life would be out of balance in some other way
Trust me friend, you are Not missing out! Enjoy your me time, work on yourself, simply BE what you want to be. Just behave the way you imagine your best self and work on your own financial situation and when it's time to go fishing they'll be jumping in your boat.
@@eliezeretecap yeah, everything has a price. I can't imagine having a family when this pandemic happened. A wife, a kid, and a mortgage? I can't even imagine that stress
These people that make you feel better have made very poor choices, not always. A lot of people take the thought of their family and pull themselves up and achieve greatness. It's a personal choice of how you are going to handle your life. Do you.
He literally sounds like he’s under water. How fitting.
You win.
Dude is probably hiding from his wife. Sounds like he is not in control.
Underwater, and probably cannot afford a Speedo.
Actually, if he had a Speedo, he might not have had all those kids!
Best comment!
I just listened to a 25 year old who has no debt and earning $70,000 a year with a 12-month security blanket. The contrast between these two is just mind-blowing.
God put us in debt. That’s a new one
😂😂😂
Ahh to be young!!!
Giggles Chuckles Giggles
They must be hyper Calvinists - ascribe everything to the sovereignty of God and in all things give thanks 😂
Did anyone catch what he was saying? It sounded muffled. God put us here something something something so why get out of debt. Fill me in
4 kids at age 25 with $130k in debt? Good lawd. I feel better.
😂
Not just that. Maybe I misheard but I think $178k house added to debt
@@jasonfoster8871 they have $178k left in their mortgage.Thats their mortgage through so I dont see anything wrong with that.
makes me feel great about my only debt of a silly £200 overdraft
130k plus a mortgage
"Sell so much stuff the kids think they're next" needs to be given serious thought here....
Might even sell a couple of the kids, 4 kids at 25 is insane.
I will buy a couple of her kids lol can’t have babies but I want 2 or 3.
@@Dbzman-69
Nathan Arizona has entered the chat :)
@@Dbzman-69 That would be Human Trafficking which is ILLEGAL
@@jillroberts609 it's only illegal if you get caught, people pay a pretty penny in europe for kid organs
I was 25 yrs old w 15k in debt and no kids. now I'm 29 yrs old and debt free and still no kids.
You doin it right. Just don't co-habitate, enter a long term relationship, or get married.!
Kids are expensive.....be assured of that....but hey, you're off to a good start.
The answer to most of these questions:
1. Take accountability
2. Make a plan
3. Stop (or postpone) having kids
These are the Evangelicals that don't believe in birth control. God will provide.
@@pic376 In that case I guess abstinence is the answer then.
Stop having kids?! These 2 are just getting started, they will breed until god stops them, only way to beat the libs.....:MERICA!!
@@machintelligence In their case, since contraceptive is out of the picture, why don't use the rythm method.
@@pic376 There is a term for folks who use the rhythm method for contraception -- the word is "parents."
Kids are important
*Planning for them financially is probably more important* 🙌🙌🙌
At least they are Married!
@@sami-9233 Probably first got pregnant on the honeymoon!
🙌🏽💕
For sure!!!
🙌🙌🙌
"The shortest distance to a real high quality life is to be clear of debt so you can build wealth and can be great moms and dads." - Great Dave quote
He also said parents pay for their kids college!
That’s it
They have more kids than a lot of married couples in their early 30s
Very sad
Yea im 35, been together 12 years and I have one.
I’m 23 and have been with my husband for 6.5 years (married for 6 months). I have a copper IUD and have always been extra careful not to bring children to the world without being fully prepared for parenthood. 4 kids by 25? I would cry every day lol
i think I’ll be getting married around my 30’s & maybe have a fam around there too cuz I’m working on myself rn in my mid 20’s y’know. already wasted a few years with a couple women so just enjoying the single life while i can 🤣
@@angelica437 So why don't you get an operation to prevent the kids? Or do you go to an "old Gyne" office with baby pictures on all the walls?
I’d sell the kids then attack the debt with snowball mentality 😂😂😂😂😂
eBay has 50% off on kids this month
Sell your babies on the black market label them as exotic babies so you can mark up the price
@@PInk77W1 I know you are just joking, but there are some weird people out there that would try to sell their kids. Has happened before
christ1313 my family had 8 kids
Vasectomies are stupid.
You condone child trafficking A team of armed individuals will be at your door!
25 yrs old, $308,000 in total debt including mortgage, 4 kids, they got a long road ahead of them.
Makes me feel better about being 25 single with only 6k debt left 😂
I’m 40 & married w/ no kids. Sure, it’s unconventional but it was the right choice for us!
Agreeeeeeeeeed!
I hear what you're saying, but comparing yourself is not necessarily the best thing to do in order to feel relief for your situation.
@@hansonallie you are a girl tho. You have the system at the palm of your hands unlike us man. Not the same thing.
Keep pushing, you're in a far, far better position then the caller was!
“God says to sell your cars” hahaha 😂
That was the best (and least surprising) line 😅
Finally Dave is by himself 😩 I don’t like when he has company on the show 😁🤣
But the doctor guy is hot
Love Dave n Chris together
Dave, Chris and Dr John are my favourites to listen to
@Julius Chinn Chicken I also drifted away when the constant cohosts became a thing. Rachel is just high pitched Dave, during segments Chris is a low-pitched Dave and I don't need therapy sessions with the doctor. Just Dave please. Chris can still do retirement segments, but we don't need parroting of what Dave would say.
@@alicelaybourne1620 I dont mind it. I think it's great that he promotes his friends who can give good financial advice as well.
So many bad choices were made here. But don't worry, "God will just fix everything for us."
At the same time God help those who help themselves. Manna will not come heaven just like that.
I was once listening to a televangelist show (my mom was watching). A listener gave $350 to this church, asking the church to “pray for financial peace for their family.”
Absolutely ridiculous. I’m in no position to tell anyone what to do and how to live their life, but, people! Get a grip!
Right?! I just love it when God slides into my DMs w/ money orders.
DON'T MAKE COME DOWN THERE! -- God (from a series of billboards seen several years ago)
You people laugh at this but I hear this a lot. A LOT.
Pray on it...its in gods hands... blah blah.
It's very unfair to the children to make them grow up in poverty. Why so many kids with all that pre-existing debt? It's not like they didn't know the student loan and credit card debt was already there and yet they just kept on with the new cars and new house.
Because their parents can't afford to give them those things or even bother to educate them about debt. Kids want to feel "wow", they want to be recognized that they can have the same stuffs that their friends have. Talk about student loan, if their parents save for them in 529 fund each month then they wouldn't need to borrow student loan. Parents receive child tax credit every year, did they bother to put in college fund for the kids? "Nope, I'm too poor" excuse and lazy excuse over and over again. I do feel sorry for people with reasonable student loan.
Our parents couldn't give us much for college bc they started out very poor. But college didn't cost as much. We could work part time and pay half as we went. College is no longer a good idea for some people. There are tech and vocational careers that don't require it and lead to good jobs.
Vasectomy a grand
I'm 24 still feeling like i'm 19 how can ppl have kids
Dave is PREACHING. This was a whole sermon, I love it🙏🏾 believers need to have more conversations like these and especially when it comes to money, reaping and sowing.
Poor choices. 4 kids at age 25. You can get birth control for free.
Exactly!
@Omer Shah 💀
One of my favorite pieces of life wisdom has always been, "God helps those who help themselves." Meaning that YOU are an active participant in your own life! I get frustrated every time I hear someone say "God will take care of me". Only if you do your part! Responsibility goes along with free choice. It's a loser's way of absolving themselves of any blame. Failing to plan is planning to fail!
That line is not in any protestant text though?
@@117swordsmen No, but it's good life advice. That's why I remember it. Don't know who said it tho, sorry!
I don’t feel so bad about having 700 dollars in saving and 20k in students loans
Me too! It really puts things in perspective
Wooooow!700??how did you do that,some of us stack with $27🤣🤣🤣🤣
That means you have a head start and don’t get to comfortable with $700...at the end of the year you can be at 3k. 700 is too dangerous for me in this day and age, been there and I never want to be there again.
Markstyle trust me I know the feeling.
I’m getting over a gambling habit.
I haven’t gambled in 2 months it feels so good
Atty. Johnny Sins Personal Finance how is this a peasant comment. You are peasant thinking like you do.
I’m 25 with 50k in the bank and no debt. Jeez I cant imagine this situation.
Listening to Dave’s callers always makes me realize I’m doing better than I think
God isn't a genie that grants your personal wishes lol.
As a believer, 100% accurate. I dislike the “i can just pray for a job” and not do the work mentality.
Yeah I really hate when people either say blindly that God will like what you said give them a job or other things and I also really really can't stand when something happens in life and people start saying that they blame God it's like worse than saying you don't believe in God to me I've had a really hard life my mom did drugs when I was young and my stepdad died at it when I was at a young age and had to work really early and it wasn't easy and a lot of times I wanted to give up but the one thing I never did thankfully I never blamed God or anything like that nowadays I make good money I hardly have debt and I just bought a house this year and I wasn't praying waiting on God but I know he had a hand in it
Shut Up And Eat!! ASMR Yup, I’m a devout Catholic, but God gave us free will, and we have our role in making and acting upon those decisions to better our lives.
Or maybe he could pray for condoms and somehow, God will make sure he gets them.
@@MrNeptunebob hahaha everyone has an opinion on Character or philosophical differences and you come in with that comment hahaha I love it!!!
I had 4 kids when I was 28 and $75k in student loans. Now, 11 years later, I have 10 kids and I make $150k a year, no debt but the house (it's on a 15 year note and were making double payments.) He can do it, just needs to work hard and get rid of the stupid cars. Kids aren't expensive unless you make them expensive.
God I'm so thankful to be 40 and no kids and divorced. I'm not against kids but I made the responsible decision based on past relationships and chose not to have them. The same people who ask why I don't have kids complain about theirs daily.
Lol
What Dave wanted to say: Sell the cars, sell the house, sell the wife, sell the kids,
Beans and rice, rice and beans
Lol
beans & rice. literally what i only ate for years as a kid/teens cuz my Mexican mother made them so good 🤣💀
"You know, short-term leasing your wife to others could have tax advantages while generating income...."
😂😂😂😂😂
We’re 25 and 4 kids. We started young....you think?
Wait til they're 35. They'll have 8 kids by then.
mxer b
That’s insane to have that many kids so young.
I had 5 kids by the time I was 28...we are financially stable and I stay home with the kids. Not fair to judge all families because of this guy's situation just sayin.
Too much pushing not enough pulling.
@@natalielinden I agree. Nothing wrong with being a baby making mama. Babies are precious
Dude Im 26 living at home trying to pay off debt (car accident, no insurance🤓🤦🏾) and i feel .. So much better that i don't have kids rn. I could imagine. I always start to feel down in these times but im blessed and im learning and doing better than i was. Wish my teachings had registered earlier at like 23 but I'm glad im addressing my financial ignorance now.
How old are you now and are you still in the same predicament?
People are stuuuuupid! I love Dave. My DAD taught me to never get married and never have kids!!!!!! Now all my money is “mine!”
I suddenly feel good being single and just recently out of debt...
This is the kind of honest, patient, empathetic, follow-the-rules guy that many women look for in a second husband.
Lol
I'm not religious and don't have much use for the bible, but David's interpretation of the bible supporting a strong work ethic and planning is something I can definitely get behind.
Yes it is a proactive way of working with religion instead of just using it as an excuse or “ god wil do it “ blablabla
@@-lavender-777 Actually, if you look in the Bible..it's pretty filled with tons of good, excellent, and common sense advice about just about everything....including financial matters.
It's not just an interpretation, it's very clear to anyone that actually reads the bible and doesn't just claim to "go to church every Sunday". It's about a relationship with God, loving ALL people, and working hard.
I can't imagine having 60K in car debt
If you're driving a Porsche with very little money paid down.....yeah, imagine it.
I listen because Dave is the father I wish I had. Thank you for your service, Dave! ❤️
I'm 29 , no kids, bf nor debt.. Imagine 25 with 4 kids and debt... You guys are toooo excited! I hope you overcome with this debt someday....
“The blessing of the lord have no sorrow added to them.”
God made me broke! Don’t you just hate it when baby Jesus maxes out your credit?!
I feel like wifey is ruling the roost here...
Well sometimes people are actually put into bad situations far out of their control that can add expenses.
NurturingTalents
Well I can promise you I’m not the average, I dont even make that.
XD
A lot of people in my area make about 20ish k its a low cost area granted.
But yeah, I literally could not fathom spending even 500$ on non essentials within a month, unless its something I saved up for, and was wanting for some time.
I’m sure she had to have a luxed out SUV to flex on the other hens.
NurturingTalents
Yeah, Its a small town area, the only jobs here is a single Walmart, the best paying job place.
Other small Retail stuff, and fast food joints.
The population is around 4k people, between two towns close together.
Min wage here was 7.50, until a year or so ago, now its like 9.45.
Dave was so offended that he really could not take in any information Johnathan was providing.
He makes about $100k gross. The problem is his wife feels entitled because she's popped out 4 babies.
Having babies doesn't entitle you to use your motherhood or your babies to control your husband OR ruin your financial future.
They need to sit down and have a serious talk about money. She can either agree to get on board or she can be treated like a child and get a monthly allowance from which she takes care of her duties. That requires cutting the credit cards and only allowing her access to back account with a slush fund (you assume the money will be spent irresponsibly).
$178k mortgage
$60k in vehicles
$50k student loans
$10k credit cards
$10k personal loans.
This really isn't that bad (and don't let anyone make you feel bad about having kids early!)
With $1.5k/wk after taxes, you should be able to put $3k/m towards debt. Easily.
1) Sell both cars. Immediately. Once you clear the balances and have no vehicle debt, buy ONE $3k used car in cash.
2) Pay off the credit cars in FULL within 3 months. Confirm zero balance, and then close accounts.
3) Do the same for the personal loans.
4) If absolutely necessary, buy a second $3k vehicle in cash.
You should be able to get this far before the end of next next year.
5) Find a way to increase your business income or get a side hustle.
6) Plan to live off $30k for one year then pay off student loans within 1yr.
7) Congrats! You're onto Baby Step 3 by 2023, debt free except your mortgage, and looking for a new home for your wife and 7 kids.
Conversely, if you don't take control of your wife and your finances, eventually you will grow to resent her and find yourself tempted by the outer influences of the world. You'll eventually divorce and see ALL your hard work go towards child support for the next 15+ years. You'll be miserable for the rest of your life.
Be willing to hurt (emotionally) your wife with the truth now in order to spare you both and your kids the agony of a broken family a few years down the road.
Wishful thinking, but I doubt they will try to go from 100k down to 30k with his wifes mentality. She feels entitled. And he has 4 kids. I made 30k in my 20’s and had no debt but it was enough for me myself and I. I canT imagine bringing 4 kids and a partner into the equation.
No way this guy is making $100k gross.
He said he’s making $1500/wk at his own business-thats $72k/year and be prob meant gross not net.
If was netting $1500 a week and had $6000 in his pocket every month-he might still be stressed with all of that debt-but he wouldn’t sound like he can’t breathe.
This guy sounds like he can’t breathe.
@@angelaonthego i agree. even if this guy follows dave's advice with the 78k salary, he's realistically looking at being debt free in 2030. a decade of slavery with 4 kids! woohoo!
"7 kids" 😂😂😂
@@angelaonthego He said 1500 a week after taxes. That's 78k a year net.
The wife is not gonna drop the lifestyle, u want her to drive in 1k car?? Lololol
Oh for sure, her exact words to him after this call will be “you can sell your car, I’m keeping mine”.
I think the wife needs to get a job. Or figure out some way to make money from home
So I went in Autotrader just to see what $1k cars look like. She’s definitely not trading down 😂😂
The wife may not drop the lifestyle, but eventually the lifestyle will drop the wife
erg Amen!
Dave made me debt phobic at relatively early age. Many thanks!
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STEPHANIE KOPP MEEKS, that's whom i work with look her
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Something tells me they’re really not religious. Just using it as an excuse lol
Everyone’s a critic.
Religious does not mean smart
@@nick000002 in fact it correlates the other way ;)
Maybe that's why they have the children; don't believe in abortions or birth control. 🤷🏾♀️
Nope, that's how religious looks like.
i listen to every episode, and apply everything to my personal life! i really appreciate DAVE RAMSEY! every day you guys us LIFE FREEDOM ADVICE DAILY!
Some people want to live way above their means, for whatever reason. To impress, maybe. Only fooling themselves.
i would say 95% do... that is strong social pressure for everyone. Not to mention the countless family members (mainly female) who push their kids to have kids for their own selfish reasons
@@James_36 bingo
Yeah we started young...
Dave yeah you did!!!
I almost spit up my coffee😂
This is why contraception and abortion needs to be widely and freely available.
But this guy is christian, he won't use contraception either way.
While i simpatise with man , but i have one word - condoms 😂
SIMPatise. 😂
@@handleyobusiness my spelling is lacking , i know :D
@Murderous Kitten
Trust me, your spelling was just fine. 😁👍
From a quality and assurance standpoint...I would suggest "Trojans". Usually reliable....
Their nightly entertainment should be binging Dave and episodes of Till Debt Do Us Part. He should pull 6 months worth of there statements and see where exactly the money goes. Then do a five year projection to his wife stating our current behaviors could see us close to 500k in debt in 5 years. As others have stated she needs to figure out how to bring in money. I wonder what she did to make money before they were married? She could do an in home daycare. Data entry or bookkeeping are good stay at home positions. Also she may have grown up broke and so in her household the mantra was "we struggle, but God always provides." I think with the right support group and discipline they could go far.
Are stay at home moms still really a thing? It seems like every caller is a guy with his own business and a stay at home wife.
Yes, we do still exist.
Sadly they r, a lot of calls the wife gets students loans just to be a stay at home mom which is stupid. Why would you get out loans just stay at home
@@theirmom4723 Wow...forgive me for asking but what would you do if he decided that he wanted a divorce?
@@esonon5210 life time Alimony.
We've all made seriously bad decisions at that age. Wish I had heard of Dave back then. God bless this family!
I like this guy how he , once in a while throws in a personal comment . He mentioned that he is a dad and says that he has a 28 year old son . That is some cool stuff . He is great therapy . I hope DAve RAmsey stays on here for a while . Clever human being .
What I love about Dave is that he is one of the few people out there worth watching and listening to because he can actually help you. There is a huge market out there for learning common sense and he has got it. Dave will now always be financially rich not because he has a net worth of 200 or 300M or whatever it currently is. It is because he really learned from his mistakes, changed his behaviors and takes personal responsibility for his actions. He walks the talk and he is no phony.
It's not a surprise anymore, a lot of American adults are not financial educated.
Or interested in birth control.
God will Provide !!!!
Yeap...no self control, irresponsible, YOLO mindset.
UnknownSource this is more truth about a lot of people, even with educated people.
@@ramonuy5567 This is what most Filipinos would say. No wonder, such a small country with a population 1/3 of USA
Thank you Dave for this videos. I wake up every morning and I listen to them, it motivates me to make better life decisions.. again thank you.
Vasectomy time as well.
Watching a rational religious person react to a crazy religious person's logic is some good entertainment.
lol
I’m 25 with 3 pets and happy 😊
One of the most difficult callers to understand. Almost thought he was speaking a foreign language or maybe just using speaker phone. Dave was perfectly clear.
I really enjoy this show. all the titles grab my attention!
This one and the one about 280,000 for a tuba degree attracted a lot of attention!
Why would anyone want kids when they can save money if they hadn't had kids in the first place.
If you could read Dave’s mind......”find a time machine. Go back in time. Find a Urologist with a sharp scalpel.”
There needs to be a Dave Ramsey weak pull out game edition.
I can just tell by this guys voice/call that he has no vote and allows his wife to push him around lol God put us in debt? No point in being debt free? Get marriage counseling man!
Controlled by her who ha. He is P whipped. Seen it too many times. He is beat worse than Vegas, he stays he is broke and beat down, he leaves he is always broke.
@NurturingTalents yup and not going to either! If he bucks her she will find a better simp
NurturingTalents ewwww, re-read the entire verse before and after the submit to your husband verse.
25 with 4 children. This guy needs to start thinking with his brain and not the silly thing between his legs.
All his kids are by his wife. Not random women. 60k in cars on a 70k income is the bigger issue.
@@TimeisUp22 I did not say the children were by random women. Doesn't matter if it is your wife, he and his wife are not using the brains God gave them.
I think what Dave says here is excellent. Good solid advice and simple truth that anyone can use.
So much extraneous spend here. Glad Dave gave them the tough love they need.
Proverbs 10:22 NKJV
The blessing of the LORD makes one rich, And He adds no sorrow with it.
Beautiful 😉
I love that Dave recognized that he was shutting down. I hope that the caller took from the advice lots of good things. I know I did!
Dave Ramsey is not the best at math...$1500 a week is about $80,000 a year, not “50 or 60 thousand”
Actually, he also said "after taxes," so, pre-tax, he is probably making about $110,000.
He is also doing quick math in his head, Infront of a live audience and on the radio.
Alex Campili yeah I get it, but the frequency with which he’s wrong is pretty high considering that being good at numbers is a big part of his job
This guy is gonna work till he dies and leave nothing behind. He’s at his wife’s mercy wether she works or not, he’s on the hook.
Needs a red pill.
@@kagisomarvinmolekwa3933 yup....needs that red pill handed to him by Coach Greg Adams!
I believe he will succeed. He is far younger than me and I wish I knew Dave when I was his age
It amazes me when I watch these powerful videos with great advice and 29 people can still manage to dislike the video. Wow.
There's never a perfect time to have kids, but I can gaurantee having 4 before you finish 25 is not ideal. Definitely going to make it hard getting out of debt and thriving in life.
They will be in survival mode for a long time.
John: i have 4 kids
Dave: sale the kids
$1500 a week after taxes is $78k a year. He probably $90-$100k before taxes.
Business owner
No it's not
It all boils down to planning.
1, go to school get an education/learn a trade.
2, if you marry save a couple of months income.
3, don’t have children for a few years build your income and save.
4, don’t buy a house unless you can afford to pay for it
and maintain it. Things will come up.
5, live within or a little below your means.
Plan
Here's how I see the age-appropriateness for having biological children (if one chooses to have any):
[1] Under the age of 18 years - WAY TOO YOUNG
[2] 18-24 years of age - SOMEWHAT TOO YOUNG
[3] 25-34 years of age - NORMAL
[4] 35-39 years of age - BORDERLINE OLD
[5] 40+ years of age - TOO OLD
Wrong, 40 is not too old.
Money first then the kids.
"Faith without works is dead"
James 2:26 KJV
There was a lot of religion in this particular talk lol. I listen to Dave every day and i don’t mind it much (i’m an atheist) but this one he was in a very preacher mood. 😂 Not hating, just observing. :P
Well the caller started it, Dave just got mad at their view of God
It's because the wife brought God up regarding debt and not wanting to pay it back, so he's using God's word to prove her wrong.
Not preaching. He was coaching that guy on how to give his wife a scriptural smackdown so that she couldn't use God as an excuse for bad financial habits.
@@nicolegrande6151 Same here, I got mad of many Filipinos who view it that having plenty of kids is not a problem because God will provide. My two cousins in Philippines is living the poverty line and both of them have 4 kids and no college education and no job too...
@Someone Andnoone I think he likes Dave's videos. He says he listens every day lol
$1500 a week after taxes isn't $50-60k....that's $72k after tax and about $85k before tax in Texas.
I assume Dave didn't hear the "after taxes" part. I know he did the math quickly, but 50*1500 should be able to be done in your head in like 3 seconds. But he also said it's a personal business: so it might not be a steady 1500 either.
The Lord said "Be fruitful and multiply" , he didn´t said "like rabbits" or imply that He would feed you or your family, in fact he later said "By the sweat of your brow you will eat your bread", so stop being idiots and work to correct the mess you created, jeezz, people.
Rabbits🤣🤣🤣
If him and his wife don't get on same page they will keep adding to that debt.
Wow what a word Dave I learned a lot from this and praying this couple makes the right moves to be in a better financial position
“Shovels candy in your lap!” Good one Dave. 😂
This call wasn't as bad as I thought it would be. Taking care of six people on 80k/yr is a nightmare, especially since his taxes won't be straightforward but it's doable.
*Bad debt is not your friend*
Read it again!
get rid of the first word and you are correct. all debt is bad. there are different degrees of bad, but there is no such thing as good debt
She’s open to watching tv 🙌😂
I knew she would be a stay at home mom even before he said it! These are the types that make all other stay at home moms a stereotype.
If the youngest child is 12, why is the wife is a stay at home mom? Why can't she contribute on the income? I don't understand why he called when the answers are obviously in front of him. This guy needs to grow up and be a man!! Blaming God for his problems!!
Rose A who said the youngest was 12? 🤔
I knew it too, that is all they aspire to be since a little kid, and boy oh boy they make their dreams a reality by 18
I never rushed to get married, buy a house I couldn't afford, or spent all my money on consumer BS. I certainly didn't father multiple children with different women. I thought that was all crazy. I never spent money at the nightclubs, I worked at them instead. I sat on the sidelines for a long, long time. I didn't know what I wanted to do, but I certainly knew jumping into the "married with kids and house debt" group wasn't one I wanted to belong to. I'm 43 years old, and currently I'm putting myself through business school (BBA finance degree). I finished my first year with a 3.95 GPA. I'm in my 2nd year now of the program. I didn't go the expensive university route, I went to a local college that offers both an advanced diploma AND a bachelors degree for half the price. I just got hired at a national bank, and will work my way up to management roles. Company benefits plan, matching investment plan, and pension plan. YES :) I save minimum 50% of my income, invest regularly, and bought a Honda Civic I will keep for the next 15 years. Some say I'm "boring". I say I'm strategic. Thanks for all you do Dave. God bless :)
Very intelligent
Children are the greatest blessing to your life you can ever experience but it's your job to make sure you can afford to feed, clothe and shelter them and give them all the love you have and it's hard to do that if you are starting out from a position of extreme debt.
Gosh, why have kids if you are not financially stable?
He sounds like he started when he was a teen
I paid $15 CDN for 100 condoms from eBay and I'm a millionaire with zero debt (no kids too).
$60k in cars on one income with 2 kids? I wish him well, but this does make me feel a little better about the dumb things I have done with money.
*4 kids
When Dave doesn't say "Better than I deserve..."
When Dave lightly but firmly bangs his forehead on the desk in front of him several times for taking this call.
I cant imagine having four kids period.
XD
Two would be a max for me.