The university is seeking wage garnishment tells you the world we live in and the university says there want to teach us but they only teach us what not to do
Kids are great, and yes, I can see having one that you might not have expected. However, if the household income isn’t increasing, it’s time to put that on hold. The wife could be working sooner if there was just one who is daycare or school age. Continuing to have little ones delays her ability to work outside the home.
I'm no expert, but after hearing this guys debt the first thing I was wondering if Dave was going to reccomend bancruptucy. He did. After listening to some of his video advice, I'd say most all of his advice is spot on compared to anything else I have heard. He seems more reputable than most and is a good person to listen to.
I know right? My wife and I were married for ten years built several businesses, built a large savings and investment account and then said “hey let’s have a kid.” Four kids at 27 means you started pumping them out at what 22ish assuming you gave the old lady atleast a month rest before you climbed aboard again.
@@acedeadeye2052 22ish gives about six months rest between each: (27 years × 12 months − 9 months × 4 children − 24 months of rest) ÷ 12 months per year = 22 years of age
Holy Moly. 4 kids, 35k a year, didn't finish school, 100k in debt, and wife doesn't work?? I'm sorry but you made many life mistakes buddy. Good news is that you're still young. But man, I got anxiety listening to this - great coaching Dave
I know, right! I don't understand why you would even want to have 1 kid making 35k a year, that would be a hard life! But this guy decided to have 4 kids!...4!!! That's a million-dollar investment! I make around 35k a year with no children and things can still get tight for me! Why do people do this to themselves...
Tom Smith, no it won’t, but it would eliminate all the other debt, plus at least temporarily stop the garnishment, so it might at least help with cash flow. But, with the number of kids he has vs his income, he MIGHT be able to get it discharged on the basis that he’s technically at the poverty level. That’s a huge maybe though. I’m not a lawyer.
Considering they’ve been making it this long on $35k, he ought to get the bankruptcy to avoid the garnishment, a higher paying job or get a side job (Uber, Lyft etc..) he’s only 27 so I can imagine all of the 4 kids are under 10yrs old. He has to grind uncomfortably hard for at least a good 2yrs
Rod Boy1, if he’s being garnished for a student loan though, the garnishment will only stop during the bankruptcy but won’t be removed unless he can get his student loans discharged.
Only if you have no income. Really nice place with some really nice amenities. The cost of living here is so cheap that even on 40k a year i am able to own my home car and all.other property free and clear. Giving me more than i ever thought i would ever have to invest
😂😂people who make that a tear here and Michigan and Indiana is what we call rich😂😂. Avg is less then 20k but mostly 10k and that's 40 hrs a week even working 60-80 hrs might get you an extra 5-7 k but you end up spending that in gas to and insurance to get to work.
UPS is always hiring. Factories pay well. I walked into a steel plant with no experience at $60,000 a year and $100,000 after year 5. This dude needs to think outside his biology box.
Yeah, it's a start from the bottom situation at UPS. They treat their drivers very well, and their office personnel. If you're not coming in with a CDL or college degree, you're starting at package handler and work your way up. $14.50 an hour with career potential is not bad for a no experience entry level job. That's probably around $40k a year with all the forced overtime
Man, I hate hearing these calls but I’m so thankful I’m hearing this stuff at a relatively young age, so I can hopefully avoid falling into similar financial traps.
I like how Dave doesn't just drop these folks off at the bus stop, he completes the loop of life...very aware of the total life process. Dave is a good father to so many.
I feel really bad for this dude. You can tell from his tone that he knows he's made some mistakes, and it is clear he wants to do better. I hope things get better for him.
@@YoYo_Ma a biology degree will get you a few good jobs. But it's better to get something in demand. Radiography, sonography, nursing, paramedicine, etc.
@@lemongrass3945Captain Obvious lol he already knows he was irresponsible. He’s trying to fix this. Otherwise he wouldn’t be calling Dave. His first mistake happened at the age of 18. He was only 27 at the time of this call. Still young. Still time to turn it around.
nauticadon she’s not limited to a 9-5 job. They can work opposite shifts, so one of them is always home with the kids. She can pick up part-time work on evening and weekends. She can look for work-from-home opportunities. It’s also possible that they’d qualify for subsidized or sliding-scale fee child care programs, that will help them pay for child care while she works. They may have to get incredibly creative, but it’s better than staying stuck in their current situation.
In my area child care is about as much as a mortgage or more. It’s sad. About $800-1000 month per kid. They’re actually saving money with her staying home but she should at least work the weekends.
Exactly! You kept having them knowing your situation. He didn’t have a plan to finish school for you owe multiple schools, NO DEGREE, and have 4 kids! His terrible school track record happened before the 4 Kids, so....
Man my heart breaks for this guy. I was once where he is, but if you are watching pal, I am a millionaire today, it can be done, but it will not be easy and there will be a lot of emotional ups and downs, but don't give up.
@@mashimellow9853 if he had that mentality to spend on a buggati just when he touched the millionaire status, he would have never gotten there in the first place
Yeah, Dave told him "Just make more money!" Really though it might be a good idea to do the bankruptcy first to clear out what he can and then get more income coming in. All that past due debt is gonna hang over him for years anyway why not just try to get it cleared with bankruptcy. IDK, just a thought.
@@philcarpenter because it all won't be cleared away. That student loan debt does not go away in a bankruptcy - $50,000.00. Now if none of it was student loan debt, then bankruptcy may be a good idea because then it would all be wiped out. Regardless, for a better life in the future he needs to make more.
Stuff like this is so alarming to me that they would continue to have children when their income is so low. Having kids is something you can control so why would I continue to have them when you can’t afford them?
Adam’s answer at 8:02 was worrisome. To me, I hear that line about working in factories, and it makes me think he’s entitled / arrogant. This dude is 27 yrs. old (and I don’t think he mentioned any health issues) with four kids. It is time for this guy to become a responsible father. If factory work pays the best....that should be his next career move.
Midwest Mentality at work; "I make more than the rest of the people around me going nowhere fast so I must be doing well." I grew up in this and it's hard to change the thinking pattern.
Wow. The area near me has 50k annual average income and it pretty near old money and most homes cost at least $300k because of the nice school system. I think old money paid off homes ages ago though.
although it’s good money where he’s located he should be making more due to him having a family to take care of , the wife should do uber to at least help out with the bills
I’m 15, don’t even have an income right now, but after watching just a few episodes of your show, I feel like I will never be anywhere near debt. I will live very minimally in an income to spending rate
jesus, you will be successful understanding all this at your age- dont ever sway from it, i was good with money and lost my way, still made a success so far in the long run but i got debt and i would be way better off if i just kept out of trouble with money and certain bad habits
I hope things are going well for you at 18/19. I hope you took the message to heart. Live frugally and make money while you're young. Retire early and in style.
I agree, he should have gone to a nursing program instead. Most basic science degrees in STEM don't offer much. That's the flaw of STEM people don't talk about. It's mainly just IT, Engineering, and Math.
@@DemetriT1 yeah, i dont claim to know much about the subject but id assume the average biology or zoologist isnt making that much money, unless they are one of the rare people that get a TV show on Animal Planet. i agree that he should have went into the medical field. its pretty much a guaranteed job that probably wont be replaced by automation in the near future.
Wrong, there are plenty of jobs in biology. The problem is that they don't pay as much as people think and aren't all that glamorous. You can get a steady job paying ~$50,000 right out of undergrad as a tech in an R&D or clinical lab if you have a bit of internship/research experience.
I have a biology degree and make 60,000 a year. You just have to do your research into different jobs and what they require. My job required a certificate with the degree, without it I probably would have been jobless after college or underemployed
I'm a supervisor of laboratory scientists. All our biology people have to get a second degree or they are our assisstants who have the same job as people with a high school diploma. Most have huge student loans because they need a second degree to make money. To be a laboratory professional get a Medical Laboratory Scientist degree not biology. This is the main reason for crippling student loan debt, getting a degree that has no job associated with it.
Everyone I talk to that don’t have a direction in what they want to do, I instantly tell them to learn a trade. Plumbing, hvac, electrical, whatever it is. It costs at most $2000 for 2 years at schools and most employers will pay your way through it. I’m 23, at 18 I was making 10/hr, I got up and learned HVAC for free thanks to my employer and I’m now making 70+/year and it’s only going up from here. I’m not bragging, but putting value in trades for people with no direction
Dave Ramsey's insights have been a game-changer for me! His practical approach to financial management has empowered me to take control of my money and work towards a debt-free life. The Total Money Makeover is my go-to guide, and I appreciate how he breaks down complex concepts into easy-to-follow steps.
You’re seriously telling a man with 4 kids and $100,000 in debt to move to a place with more opportunities??? Way easier said than done Dave. Moving a family like that costs money that he most likely doesn’t have. I have no kids and less than $2000 left on my debts and I’m having a very difficult time trying to move....
@@Benita399 After bankruptcy, you get to keep most of your money again. That's a best thing about it. No starving after bankruptcy, you starve before it.
I am single too but people always forget that I have to make money to have money and people assume because I am single I have money but no have just enough for my basics.
@@christophermcdonald931 also the part where he said Toledo isn't a depressed place when the median wage is 37k, 25% of people and 37% of kids live in poverty.
I have a single friend who made that salary and struggled to make ends meet and had to get two extra part-time jobs. I can’t imagine trying to make that amount work for six people :(
Its Amazing to me how judgmental so many are who are not in this position. I'm sure many have made choices that they Will Not share. I'm rooting for this family.
I been similar situations. Ex GF kept trying to get pregnant to trap me in my early 20s but she failed. Also i went to community college first to save a lot on college. Im about to finish school i have less than half this guys student loan debt and no kids. I didnt want to be responsible but i had to be because i didnt want to end up like this caller.
Day care for four kids? Not saying she should not but may not be practical unless some are in school. My cousins did it with four but they had cheap child care.
the wife can work a shift were she goes to work when he comes home, that way they don´t need to pay daycare for 4 kids. sometimes there is even some extra pay for night shifts.
@@Etaoinshrdlu69 nobody asks to be born. You don't owe to your parents. It's their responsability to provide for you in your early years. It's great if you take care of them when older.
Depending on where they live and how old the kids are, her staying home might be the best decision in this disaster of a situation. Daycare costs are over $20 k a year per child in some states.
@L Barrett I would never trust automated trucks. How would they be able to drive in bad weather? What about truck inspections, log books and all that stuff.
@@Sexy40baby1 They will not be completely automated. They will pay someone $10-11/hr. to ride in the truck in case there is a problem or for refueling.
Lil jr Dawg jr I think that’s a great idea! Automation is not going to eliminate humans from driving trucks. Can a truck fill its own gas or adjust to an accident on the road?
I was in same situation minus 100k debt, and I actually live where 35k is alot (Charleston, wv) . I was delivering pizza and doing other thing I had to do that where very risky to feed 2 kids until I was 27. Found a company driving professionally in area but all good jobs are taken and or you have to know the right people. I looked at that same company nation wide and applied in NC where there was a need. Got paid training living out of motel making double what I was in training.. Family came down 3 months later. I went from 20k with 4 mouths to 50k in 4 months, after 3 years I begged for a transfer to Charleston wv and they did and by this point I'm making 70k. 6 years later 85k. I'll tell you 85k isnt much in nc but in wv its hillbilly rich and I'm in my hometown where I wanted to be.
Well done you! That is how it is done, when you have to sacrifice, work hard and smart, doing what is needed to be done legally. Most people just don't want to be uncomfortable for just a short time, some people would not have deared to leave their family, and some spouses wouldn't support. May you continue to soar and shine. You are truly blessed.
I borrowed 15k and went to a trade school. I got hired immediately after graduation and the company offered to pay for a 4 year degree. My trade school training counted for 60 credits as well. My technical training and degree qualified me to compete for engineering jobs. My salary is 100k with only 15k borrowed. I hope this story helps someone out there.
Lol there are people that make less and still have their kids properly taken care of. It’s all about responsibility. If you’re responsible with your finances you can raise children on low income. Everyone who is able bodied to work should procreate.
Blows me away how many people continue to have kids when drowning in debt, not realizing they aren't going to be able to give their children a decent lifestyle in any way if they are struggling with money. Such a huge problem in the US and I'm sure in other countries, and we wonder why we have so many youth that grow up to be troubled. Also wish Dave would do more research on his "facts" about income and areas. Kind of like when he just spouts off about "cheap rent" being available in all cities. The median income in Toledo is about 37k...so this guy is pretty much topped out.
@@marywebb9127 and whoever that “troll” is he/she/they need to leave it a100 places more. Good god , no suggestion Dave makes is going to make a bit of difference if these two don’t stop having kids. This is the 21st century. There’s no excuse for this.
@@gds7777777 What a silly comment. We all make mistakes. However most people try to learn from them. Not continue to make the same one over and over and over again.
It's amazing to me that there are so many people who don't know that student loan debt can't be included in bankruptcy. Student loans, taxes, and child support.
This spoke to me so much.. I don't have debt of any kind.. but I'm 48 yr old Canadian.. self employed and have nothing.. business bites.. I rent.. I'm def in the poverty line.. every month is a serious challenge with money. I'm tired. In all ways. I'm getting some hot chocolate and dreaming tonight.. I'm changing this tonight. Thank you Dave! And Adam I wish you and your family all the best in every aspect of life! 🌻☀️🐞🌟🙏
@@nataliyak9555 I can see how that may actually be true. When I went to the SS office to apply for my retirement at age 67+, the line to get in had to be way over 50 people long. I'd swear there wasn't even 1 other person there even close to retirement age. It struck me right away.
As someone who makes websites I love to hear Dave tell practically everyone to make extra money in IT and making websites. It's legit an ideal way to make extra money from home almost wherever you live. Every year the additional income from that has gone up, from 4k now to about 14k heading for 20k thanks to lockdowns. It's also been a great way to build relationships with people who can become friends in high places when I need advice about my own trajectory.
@@shroomssadow4981 Hi, I specialize is a particular tool called Webflow. They offer what they call Webflow University that's a great way to get at least up to the intermediate level in skill. Prior to that I earned a degree in Graphic Design so I combined the two but that's not required at all because templates are so good now. Basically, I'd pick a platform you think you might like - see what tutorial content is on UA-cam to support your learning and start with family and friends.
@@bellasue02 Just like we're here to learn from others' experiences with debt, I come to UA-cam to learn from others' experiences with web design and development. I do pay for courses from time to time but it is from UA-camrs that have already given me free content for years.
An unfinished biology degree. Even if he finishes it, what's the next degree he's going after? Because a biology degree by itself is next to worthless.
How about a 2nd job? God, I hate debt! I’m on baby step 2, I just finished paying 7, 500 credit card debt working a side hustle (overtime). Paying off my car next and then a bank loan. Help me Jesus!
I love Dave in the sense that he keeps wealth building very simple. Even him, a very successful man. Only has three investments (His business, Mutual Funds, Real Estate). The trick is to keep investing simple and stay consistent long term. Don't be emotional with the markets and just enjoy the ride.
DR: "Toledo, Ohio is not a depressed market where the average income is $32,000!" Me: Google, what is the average income in Toledo, Ohio? Google: $19,113 per year Me: Google, what is the median household income in Toledo, Ohio? Google: $33,485 per year Bruh.
@@pawsnotclaws2772 I guess you're one of the lucky few , because at parties it's always OMG you're 30 and you still don't have kids kind of talk among the family
Best fun affordable car mx5ND Pressure is not a good reason to have a child. The two are adult and could simply say no and wait until they are financially ready
This is the first self-proclaimed "bad at computers" person that actually does restarts and knows the value of them. THANK YOU FROM EVERYONE IN THE IT FIELD.
His first mistake was having kids during college. He needs to deal with his mistakes; it will teach him invaluable lessons. He is living in a bubble. 🤦🏻♂️ Mommy needs to work and close the baby factory.
Four children is hardly a factory, and her working just means valuable income being poured into daycare. There has to be a middle way where she can gain an additional income without sacrificing her children's upbringing.
My dad did it with 8 kids working in the fields and in the afternoon he had his side hustle selling cars and towing. Now he has several business that he owns. The issue is that we don't try to fixed it.
@@tymom9313 There's a real anti-family culture here. Nothing wrong with having four kids. This guy should have been more careful with the finances of it beforehand.
G D I’m not sure I don’t have a degree in chemistry. It is from what I know better than biology, I have a friend that has a chemistry degree that works in a lab. Honestly though, I don’t know enough to give you a straight answer. You gotta know what you’re gonna do with it
My former coworker knew a pastor's wife who kept her newborn for around $400 to $500 a month for her while she worked. She had four kids and her hubby made around 30k. They never ate out unless they found coupons
I feel for this guy. We are in a very similar situation, minus the debt. I know what he means when he says 35k is considered decent. It is in my area too. Sure we could move somewhere with higher wages, but then the cost of living goes up. He feels like hes drowning and theres no hope. We're starting a business so hopefully that's my families solution to our income problem.
investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?
"I did not get to finish due to having kids." Just another excuse. I have lots of friends and family members going to school while working full time. You just have to find a way to make it work. Even taking one or two classes each quarter/semester. Do what you know you have to do. Life is tough.
@@chiaraippoliti I was being sarcastic, because of all the misogyny that you see on Dave Ramsey videos, somehow no matter what the details are, there will be a highly upvoted comment thread of people blaming the woman.
I filed on my own in California. I did not use a lawyer. It was hard getting all the paperwork together but after that it was fairly easy. It didn’t take care of my student loans but it took care of the $60,000 that my x left me with. It was great to get a fresh start.
Dave Ramsey has some good advice, but he's out of touch. Someone making $32K cannot just start making $60K, $70K, or $170K "because they try really hard."
SO many of these phone calls - people thinking kids are a right and have them without planning. Why would you plan out buying a car, get licensed, make sure you have money for insurance, etc., but not with having a kid - something that is, at minimum, an 18 year commitment? I don't understand it, never have, never will.
Dave handles this call so professionally and hopefully awakened the guy’s dreams. Good luck to him. But please don’t have anymore kids unless you can provide good life them !
Actually...I just looked it up and the median income in Toledo is $35K, so the caller is right. And I love how the answer is "just move" as if it's that easy. Moving costs money! And where do you move where the cost of living is lower?
I thought the same thing. Those "factory jobs" could earn him $60k - $100k+ a year (doubling if not tripling his income) if he gets up and goes to work. He may have to run high production or a good bit of overtime. But he'd be debt free in 2 years. With a souped-up retirement contribution and a maxed out HSA at the end of it all.
I like my factory job. Good pay. Matches my 401k and decent benefits. I even got a 16 week paid maternity leave coming up. Need more money? Overtime is always available.
Not judging anyone. Sometimes we tend to get stuck every now and then. We must learn to reinvent ourselves. We are living in the most exciting and amazing times of mankind. Everyone in a house must pitch in helping create more money. Information is at our fingertips. Get mom, kids, pets, and whole house involve in getting out of this mess. Everyone will benefit by being debt free. Thank you Dave for your wise advice.
As Dave knows even a Chapter 13 could/will discount unsecured loans. It's all up to the Court. This family needs to sit down with a good Bankruptcy attorney today. This family needs to have immediate relief from the pressure. Dave is right on the nose with his advice.
When callers say I make $35,000 and am $100,000 in debt. Dave should just say. “Hold on I’ll send you ken Coleman’s book 📖 “the proximity principal” next!
Yeah, obviously having 4 kids doesn’t help. And all before the age of 30 (he said he’s 27) - yikes. So if he had them in college at age 20 or so (that’s why he left school), that’s one child every 20/21 months. So that’s like getting pregnant almost every year....??? Birth control and condoms are free... don’t have to pay for them if you’re a low-income woman/family. Just saying....
Kathryn Young birth control has a low failure rate of used correctly and when used in conjunction with condoms, your probability of pregnancy is low. Nothing has a 100% success rate, however I’d rather have a 98% success rate of not getting pregnant if I can’t afford it than going “welp, birth control fails and condoms break, just gonna take my chances raw dogging it!”
@@pseudorealityisreal The only ones jeopardizing their kids' future are the irresponsible parents. The likelihood these kids will grow up to be poor is 70%.
I make more than that at age 19 with no college experience. I made around 60k a year. I have no debt nor do I have any credit card. Investing early as I can.
Double your hours and it will double your income. Once out of debt, invest the excess income into something that increases your income. That could be college, but it could be a business, self-improvement seminars, or certifications.
Well you are correct but all that requires time, money, ability, opportunity for employment, etc. Easiest thing to do is to use current skills and rise through the ranks of his current job if possible. I am in the mist of trying to acquire skills and it is both time and expensive and I already have 39K cash as a buffer too.
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The university is seeking wage garnishment tells you the world we live in and the university says there want to teach us but they only teach us what not to do
instablaster.
You are so cute...love Mom
@@fernandojuancadena2475 ł
One kid.. ok, accidents happen. Four kids on 32k, with a stay home wife, no degrees and 100k of debt!? So so so Irresponsible.
Kids are great, and yes, I can see having one that you might not have expected. However, if the household income isn’t increasing, it’s time to put that on hold. The wife could be working sooner if there was just one who is daycare or school age. Continuing to have little ones delays her ability to work outside the home.
Irresponsible ??
Yeeeeeeeeeeeeeeeeeeeeeeesss!!
I'm no expert, but after hearing this guys debt the first thing I was wondering if Dave was going to reccomend bancruptucy. He did. After listening to some of his video advice, I'd say most all of his advice is spot on compared to anything else I have heard. He seems more reputable than most and is a good person to listen to.
I know right? My wife and I were married for ten years built several businesses, built a large savings and investment account and then said “hey let’s have a kid.” Four kids at 27 means you started pumping them out at what 22ish assuming you gave the old lady atleast a month rest before you climbed aboard again.
@@acedeadeye2052 22ish gives about six months rest between each:
(27 years × 12 months − 9 months × 4 children − 24 months of rest) ÷ 12 months per year = 22 years of age
Holy Moly. 4 kids, 35k a year, didn't finish school, 100k in debt, and wife doesn't work?? I'm sorry but you made many life mistakes buddy. Good news is that you're still young. But man, I got anxiety listening to this - great coaching Dave
4 kids? Unless his wife makes a really good income most of her income will be taken up by childcare.
Just move to thailand lol
gijsqwerasdf yep or they definitely could work opposite schedules.
Yup and it's not our fault. Play stupid games win stupid prizes.
I know, right! I don't understand why you would even want to have 1 kid making 35k a year, that would be a hard life! But this guy decided to have 4 kids!...4!!! That's a million-dollar investment! I make around 35k a year with no children and things can still get tight for me! Why do people do this to themselves...
You know a guy actually is having a tough time when Dave Ramsey doesn't 100% disagree with the idea of bankruptcy. Hope he figures it out.
That is spot on, good catch!
Yeah Medical costs in America are crazy
Tom Smith, no it won’t, but it would eliminate all the other debt, plus at least temporarily stop the garnishment, so it might at least help with cash flow.
But, with the number of kids he has vs his income, he MIGHT be able to get it discharged on the basis that he’s technically at the poverty level.
That’s a huge maybe though. I’m not a lawyer.
Considering they’ve been making it this long on $35k, he ought to get the bankruptcy to avoid the garnishment, a higher paying job or get a side job (Uber, Lyft etc..) he’s only 27 so I can imagine all of the 4 kids are under 10yrs old. He has to grind uncomfortably hard for at least a good 2yrs
Rod Boy1, if he’s being garnished for a student loan though, the garnishment will only stop during the bankruptcy but won’t be removed unless he can get his student loans discharged.
Just looked up Toledo, Ohio. Average individual income is $23,477, that must be one depressing place to live
Only if you have no income. Really nice place with some really nice amenities. The cost of living here is so cheap that even on 40k a year i am able to own my home car and all.other property free and clear. Giving me more than i ever thought i would ever have to invest
Yeah I live there I work with a lot of people on welfare, but low rent, medium cost of living, most people get by okay
Everywhere in Ohio is lame lol
@@mariej2468the cost of living is cheap because no one wants to live there. All of Ohio is depressing to live in
😂😂people who make that a tear here and Michigan and Indiana is what we call rich😂😂. Avg is less then 20k but mostly 10k and that's 40 hrs a week even working 60-80 hrs might get you an extra 5-7 k but you end up spending that in gas to and insurance to get to work.
UPS is always hiring. Factories pay well. I walked into a steel plant with no experience at $60,000 a year and $100,000 after year 5. This dude needs to think outside his biology box.
Not everyone is geared for UPS or factory work..
There are plenty reasons that those positions are available .
I applied for UPS yesterday and got the job and they offered me 14.50 :(
@@Dave_Smooth as a driver or a package handler?
Justin Adams package handler. If you was to be a driver it would be more
Yeah, it's a start from the bottom situation at UPS. They treat their drivers very well, and their office personnel. If you're not coming in with a CDL or college degree, you're starting at package handler and work your way up. $14.50 an hour with career potential is not bad for a no experience entry level job. That's probably around $40k a year with all the forced overtime
This show is healing people. Every time I tuned in and knowing someone doing worse than I did, I feel motivated to move on.
Healing at the cost of other’s suffering. It sucks but I also feel the same way.
Same here
@@bobbyjoe232 😂😂😂😂😂
Same i hope it all works out for all of us!❤
Seriously. Baby step 4 here and watching these videos keeps me in check
Man, I hate hearing these calls but I’m so thankful I’m hearing this stuff at a relatively young age, so I can hopefully avoid falling into similar financial traps.
Yea please dont do the same mistakes
Having a one night stand and getting a female pregnant is an 18 year financial trap. Avoid that!
Easy Going Gaming shid u got it backwards they gave him a free 100k I’ll dip out
I wish someone could tell my parents this
They aren't traps tho, nobody trapped this guy into have 4 kids, stay at home wife, no degree and 100K in debt.
"Bankruptcy does not create income" this is the main message . You must create more income ... That's the only way
I like how Dave doesn't just drop these folks off at the bus stop, he completes the loop of life...very aware of the total life process. Dave is a good father to so many.
I feel really bad for this dude. You can tell from his tone that he knows he's made some mistakes, and it is clear he wants to do better. I hope things get better for him.
His mistake was trying to be highly educated in the dog-eat-dog country of America.
The America of today would never have put a man on the moon.
@@YoYo_Ma a biology degree will get you a few good jobs. But it's better to get something in demand. Radiography, sonography, nursing, paramedicine, etc.
Why he put himself in there. He could not even afford one kid let alone 4. This guy is completely irresponsible
@@happymolecule8894Absolutely! Technicality and application, thats what matters in today's society.
@@lemongrass3945Captain Obvious lol he already knows he was irresponsible. He’s trying to fix this. Otherwise he wouldn’t be calling Dave. His first mistake happened at the age of 18. He was only 27 at the time of this call. Still young. Still time to turn it around.
Multiple kids and a nonworking wife is a luxury they can't afford... She need a job ASAP!
Ralinebe 233 I have a feeling that ever time he suggests she gets a job, OOPS, she’s pregnant again. She doesn’t want to get a job
Agreed!
@@hollyb6885 Exactly!
nauticadon she’s not limited to a 9-5 job. They can work opposite shifts, so one of them is always home with the kids. She can pick up part-time work on evening and weekends. She can look for work-from-home opportunities. It’s also possible that they’d qualify for subsidized or sliding-scale fee child care programs, that will help them pay for child care while she works.
They may have to get incredibly creative, but it’s better than staying stuck in their current situation.
In my area child care is about as much as a mortgage or more. It’s sad. About $800-1000 month per kid. They’re actually saving money with her staying home but she should at least work the weekends.
Stopped education due to kids, he has 4! At what point do you stop popping out kids and finish your education.
Cream pie too good
@@frednil8304 that would have been somewhere under about $1k.
I was thinking the same thing lol like wth?
@@frednil8304 😂😂😂
Exactly! You kept having them knowing your situation. He didn’t have a plan to finish school for you owe multiple schools, NO DEGREE, and have 4 kids! His terrible school track record happened before the 4 Kids, so....
Dave is good at getting at you to see the problem and then making you believe in yourself to fix it. Awesome man. Hope.
Yes I loved Dave's advice on this segment!
true
When Dave said “Let’s do better this 2nd half” I LOVE that energy! Best wishes brother!
Man my heart breaks for this guy. I was once where he is, but if you are watching pal, I am a millionaire today, it can be done, but it will not be easy and there will be a lot of emotional ups and downs, but don't give up.
What do you for a living
What colour is your Bugatti
@@mashimellow9853 if he had that mentality to spend on a buggati just when he touched the millionaire status, he would have never gotten there in the first place
With kids you need to work hard to provide for them. It is a rough road.
He’s a millionaire in his dreams.
He called looking for way out. Instead, he was given a way to deal with it
Time to have a fifth child.
Yeah, Dave told him "Just make more money!" Really though it might be a good idea to do the bankruptcy first to clear out what he can and then get more income coming in. All that past due debt is gonna hang over him for years anyway why not just try to get it cleared with bankruptcy. IDK, just a thought.
@@philcarpenter because it all won't be cleared away. That student loan debt does not go away in a bankruptcy - $50,000.00. Now if none of it was student loan debt, then bankruptcy may be a good idea because then it would all be wiped out. Regardless, for a better life in the future he needs to make more.
Stuff like this is so alarming to me that they would continue to have children when their income is so low. Having kids is something you can control so why would I continue to have them when you can’t afford them?
👏👏👏👏👏
agrreed!!!
The pull out game is weak
"We're throwing it all on God!"
@@roadrunner9622LMFAOOO reality is a bitch
Adam’s answer at 8:02 was worrisome. To me, I hear that line about working in factories, and it makes me think he’s entitled / arrogant. This dude is 27 yrs. old (and I don’t think he mentioned any health issues) with four kids. It is time for this guy to become a responsible father. If factory work pays the best....that should be his next career move.
Exactly, but hopefully things do get better for him.
You're reading into something that isn't there
Wow. This is sad to hear especially given that this was aired just before the corona virus 🦠. Hope him and his family are holding up ok.
I just saw this and commented the same thing. I hope the pandemic is not making it even harder to make any money.
It’s very sad
He’s my neighbor n recently I’ve seen 2 additional kids added to their family.
Officer Ricky lol he may be making the best money of his life on unemployment
He*
Midwest Mentality at work; "I make more than the rest of the people around me going nowhere fast so I must be doing well." I grew up in this and it's hard to change the thinking pattern.
yep. if youre willing to live in a place that sucks even if you have money, not having money feels pretty good.
Toledo Ohio median income is literally $35k Dave. This guy was right about that.
No, the median household income is $35k. Individual income is less then that.
Wow. The area near me has 50k annual average income and it pretty near old money and most homes cost at least $300k because of the nice school system. I think old money paid off homes ages ago though.
but the guy has 4 kids and a stay at home wife. he definitely should be making more
although it’s good money where he’s located he should be making more due to him having a family to take care of , the wife should do uber to at least help out with the bills
@@omar9268 Uber in Toledo? Good luck!
I’m 15, don’t even have an income right now, but after watching just a few episodes of your show, I feel like I will never be anywhere near debt. I will live very minimally in an income to spending rate
jesus, you will be successful understanding all this at your age- dont ever sway from it, i was good with money and lost my way, still made a success so far in the long run but i got debt and i would be way better off if i just kept out of trouble with money and certain bad habits
U ....WIN , Love like😊
Good for you, 15 year old wise person ❣
Ohh, you will be...
I hope things are going well for you at 18/19. I hope you took the message to heart. Live frugally and make money while you're young. Retire early and in style.
I'm a medical professional, do not get a biology degree. There is no job for that degree, I know from experience. It's a waste of money.
I agree, he should have gone to a nursing program instead. Most basic science degrees in STEM don't offer much. That's the flaw of STEM people don't talk about. It's mainly just IT, Engineering, and Math.
@@DemetriT1 yeah, i dont claim to know much about the subject but id assume the average biology or zoologist isnt making that much money, unless they are one of the rare people that get a TV show on Animal Planet.
i agree that he should have went into the medical field. its pretty much a guaranteed job that probably wont be replaced by automation in the near future.
Wrong, there are plenty of jobs in biology. The problem is that they don't pay as much as people think and aren't all that glamorous. You can get a steady job paying ~$50,000 right out of undergrad as a tech in an R&D or clinical lab if you have a bit of internship/research experience.
I have a biology degree and make 60,000 a year. You just have to do your research into different jobs and what they require. My job required a certificate with the degree, without it I probably would have been jobless after college or underemployed
I'm a supervisor of laboratory scientists. All our biology people have to get a second degree or they are our assisstants who have the same job as people with a high school diploma. Most have huge student loans because they need a second degree to make money. To be a laboratory professional get a Medical Laboratory Scientist degree not biology. This is the main reason for crippling student loan debt, getting a degree that has no job associated with it.
Everyone I talk to that don’t have a direction in what they want to do, I instantly tell them to learn a trade. Plumbing, hvac, electrical, whatever it is. It costs at most $2000 for 2 years at schools and most employers will pay your way through it. I’m 23, at 18 I was making 10/hr, I got up and learned HVAC for free thanks to my employer and I’m now making 70+/year and it’s only going up from here. I’m not bragging, but putting value in trades for people with no direction
@@jeremystrickland1776 Where does *ALMIGHTY GOD* Seriously factor into your life's equation ?.
Dave Ramsey's insights have been a game-changer for me! His practical approach to financial management has empowered me to take control of my money and work towards a debt-free life. The Total Money Makeover is my go-to guide, and I appreciate how he breaks down complex concepts into easy-to-follow steps.
This exact comment is on many of his videos, I think she works for him
You’re seriously telling a man with 4 kids and $100,000 in debt to move to a place with more opportunities??? Way easier said than done Dave. Moving a family like that costs money that he most likely doesn’t have. I have no kids and less than $2000 left on my debts and I’m having a very difficult time trying to move....
The first thing that guy and his wife need to be seriously advised on are TUBAL LIGATION / VASECTOMY / HYSTERECTOMY .
@@Benita399 After bankruptcy, you get to keep most of your money again. That's a best thing about it. No starving after bankruptcy, you starve before it.
I liked the part when he was like “if I were you I would simply start a business and start making 60k per year.”
I am single too but people always forget that I have to make money to have money and people assume because I am single I have money but no have just enough for my basics.
@@christophermcdonald931 also the part where he said Toledo isn't a depressed place when the median wage is 37k, 25% of people and 37% of kids live in poverty.
$35,000 is $410 above the poverty level for a family of 6 in Ohio. This is sad :(
Anna Lesher but it's also self inflicted
Unicorn Soul Oh, 100%. But, self-inflicted situations can also be sad, which this one is.
It's unfortunate for the children 😣they didn't ask for this situation
I have a single friend who made that salary and struggled to make ends meet and had to get two extra part-time jobs. I can’t imagine trying to make that amount work for six people :(
A household of 6 making 35k is severe poverty. It's not based on income, it's based on income per person in household.
Does listening to these make anyone else feel better about their life. Or is it just me?
We're all taught to learn from other peoples mistakes..so we don't repeat theirs.
@@TheAgentmigs “a wise man learns from his mistakes, a wiser man learns from the mistakes of others”
Yes and no, I pray for them and it is motivating to not make more mistakes myself.
Its Amazing to me how judgmental so many are who are not in this position. I'm sure many have made choices that they Will Not share. I'm rooting for this family.
Seriously! Makes me wonder what the glass house residents are truly concealing.
Amen
YES ma'am
Exactly. These types of situations attract miserable people who want to feel better about a life they hate by casting judgment on someone.
I been similar situations. Ex GF kept trying to get pregnant to trap me in my early 20s but she failed. Also i went to community college first to save a lot on college. Im about to finish school i have less than half this guys student loan debt and no kids. I didnt want to be responsible but i had to be because i didnt want to end up like this caller.
"your career sucks and it's not getting better, is what I'm trying to say". I love Dave. He's not trying to be mean, but he has to make a clear point.
A) stop having kids
B) wife has to work
Day care for four kids? Not saying she should not but may not be practical unless some are in school. My cousins did it with four but they had cheap child care.
Honestly with 4 kids, the extra money the wife would make would go right back into daycare. Unless she was able to get a work at home job
@@animalsfrog she can watch 2 more kids.
We had kids when we were ready, which was six years after marriage and we were making better money. It's called "planning"!!
the wife can work a shift were she goes to work when he comes home, that way they don´t need to pay daycare for 4 kids. sometimes there is even some extra pay for night shifts.
So many mistakes, but at least now he's come to the right place to start fixing it.
4 kids. One income. 35k/year. 100k in debt. There's some solid life planning.
He could ask the kids to take part-time jobs as soon as they're old enough some years down the line.
@StopReload it is.
Very disgusting.
@@Etaoinshrdlu69 dude what
@@Etaoinshrdlu69 nobody asks to be born. You don't owe to your parents. It's their responsability to provide for you in your early years. It's great if you take care of them when older.
Getting box unprotected was more important than finishing school and paying off his debts. This guy is piece of work.
Great coaching Dave!!! I have no debt and got so much out of this call. So thanks to the bravery of the caller for calling in.
Depending on where they live and how old the kids are, her staying home might be the best decision in this disaster of a situation. Daycare costs are over $20 k a year per child in some states.
Her best side hustle might be taking on some extra kids to watch
@@BusArch42 never know. Great idea!
👏🏾👏🏾👏🏾
They probably could qualify for subsidized childcare for the working poor. Mom needs to go back to work! Asap!
A box of condoms costs less than $35,000.
Vasectomy, $1,000. The smart choice.
Children are a blessing
@@bethanyroberts4744 then go and have 10 of them and tell me how that goes for you lol
@@fredrikb343 Will do. Thanks
Absolutely agree
I make 75k take home after taxes a year single owner operator truck driving just hauling local freight. Get a CDL make money
Lol true freight is cheap right now luckily saving up will help me in the long run.
@L Barrett i'm still trying to figure out how they could completely automate those chemical deliveries and pick ups.
@L Barrett I would never trust automated trucks. How would they be able to drive in bad weather? What about truck inspections, log books and all that stuff.
@@Sexy40baby1 They will not be completely automated. They will pay someone $10-11/hr. to ride in the truck in case there is a problem or for refueling.
Lil jr Dawg jr I think that’s a great idea! Automation is not going to eliminate humans from driving trucks.
Can a truck fill its own gas or adjust to an accident on the road?
I was in same situation minus 100k debt, and I actually live where 35k is alot (Charleston, wv) . I was delivering pizza and doing other thing I had to do that where very risky to feed 2 kids until I was 27. Found a company driving professionally in area but all good jobs are taken and or you have to know the right people. I looked at that same company nation wide and applied in NC where there was a need. Got paid training living out of motel making double what I was in training.. Family came down 3 months later. I went from 20k with 4 mouths to 50k in 4 months, after 3 years I begged for a transfer to Charleston wv and they did and by this point I'm making 70k. 6 years later 85k. I'll tell you 85k isnt much in nc but in wv its hillbilly rich and I'm in my hometown where I wanted to be.
And people are always saying they can't move for work.... WV is beautiful by the way. Wouldn't mind picking up a piece of it myself.
Kudos. Hustler!!!!!
Well done you! That is how it is done, when you have to sacrifice, work hard and smart, doing what is needed to be done legally. Most people just don't want to be uncomfortable for just a short time, some people would not have deared to leave their family, and some spouses wouldn't support.
May you continue to soar and shine. You are truly blessed.
There's food jobs everywhere it's called having that skill for said job
Sounds like you worked hard to make it work for you!!! Congrats!! 💪🏻👏🏼👏🏼
I borrowed 15k and went to a trade school. I got hired immediately after graduation and the company offered to pay for a 4 year degree. My trade school training counted for 60 credits as well. My technical training and degree qualified me to compete for engineering jobs. My salary is 100k with only 15k borrowed. I hope this story helps someone out there.
What trade did you pursue
I will NOT bring a child into this crazy world if I'd only make $32K a year.
Many people do.
Lol there are people that make less and still have their kids properly taken care of. It’s all about responsibility. If you’re responsible with your finances you can raise children on low income. Everyone who is able bodied to work should procreate.
Sometimes things happen
Four children...
Agree. This is why you're not in his position.
Blows me away how many people continue to have kids when drowning in debt, not realizing they aren't going to be able to give their children a decent lifestyle in any way if they are struggling with money. Such a huge problem in the US and I'm sure in other countries, and we wonder why we have so many youth that grow up to be troubled.
Also wish Dave would do more research on his "facts" about income and areas. Kind of like when he just spouts off about "cheap rent" being available in all cities. The median income in Toledo is about 37k...so this guy is pretty much topped out.
VASECTOMY / TUBAL LIGATION / HYSTERECTOMY
@@WISHBONEL7 Troll begone 👋 You left the same comment all over this video!
It ought to even be part of the Pledge of Allegiance , National Anthem , and anything else that is popular .
@@marywebb9127 the truth needs spread like manure
@@marywebb9127 and whoever that “troll” is he/she/they need to leave it a100 places more. Good god , no suggestion Dave makes is going to make a bit of difference if these two don’t stop having kids. This is the 21st century. There’s no excuse for this.
The first kid I can understand. Mistakes happen. But then to add 3 to it when making less than 40k? Uhhh no don't feel sorry for you.
I do feel sorry for those kids though
You must be perfect and not make any mistakes in life.
@@gds7777777 What a silly comment. We all make mistakes. However most people try to learn from them. Not continue to make the same one over and over and over again.
Democrats will tax you to pay for this bum's offspring. The poor always win.
@@gds7777777 Four of the same mistakes? It doesn't take a perfect person to not make the same mistake four times.
It's amazing to me that there are so many people who don't know that student loan debt can't be included in bankruptcy. Student loans, taxes, and child support.
This spoke to me so much.. I don't have debt of any kind.. but I'm 48 yr old Canadian.. self employed and have nothing.. business bites.. I rent.. I'm def in the poverty line.. every month is a serious challenge with money. I'm tired. In all ways. I'm getting some hot chocolate and dreaming tonight.. I'm changing this tonight. Thank you Dave! And Adam I wish you and your family all the best in every aspect of life! 🌻☀️🐞🌟🙏
I hope this guy and his family are doing alright during Covid. :(
Me too. Nobody deserves to suffer.
Yesss he's making more.
Me too
Covid money
So having 4 kids was brilliant. The quickest way to the poor house is having kids you can't afford.
Agree! But some people make a career out of welfare!
@@nataliyak9555 You ain't telling me nothing!! I worked for Health and Human Services for 30 years and retired from there!!
Shyt, having kids you can't afford is a quick way to the poor house!!!
@@nataliyak9555 I can see how that may actually be true. When I went to the SS office to apply for my retirement at age 67+, the line to get in had to be way over 50 people long. I'd swear there wasn't even 1 other person there even close to retirement age. It struck me right away.
TUBAL LIGATION / VASECTOMY / HYSTERECTOMY
This guy can do it. Keep your head up.
Getting out of debt is possible! We just have to make sure where each dollar is going and be consistent with our budgets..happy holidays everyone
As someone who makes websites I love to hear Dave tell practically everyone to make extra money in IT and making websites. It's legit an ideal way to make extra money from home almost wherever you live. Every year the additional income from that has gone up, from 4k now to about 14k heading for 20k thanks to lockdowns. It's also been a great way to build relationships with people who can become friends in high places when I need advice about my own trajectory.
Do you recommend any platforms or videos to learn?
Good question how do you learn without going to classes
The answer is on the platform you’re commenting on 😉
@@shroomssadow4981 Hi, I specialize is a particular tool called Webflow. They offer what they call Webflow University that's a great way to get at least up to the intermediate level in skill. Prior to that I earned a degree in Graphic Design so I combined the two but that's not required at all because templates are so good now. Basically, I'd pick a platform you think you might like - see what tutorial content is on UA-cam to support your learning and start with family and friends.
@@bellasue02 Just like we're here to learn from others' experiences with debt, I come to UA-cam to learn from others' experiences with web design and development. I do pay for courses from time to time but it is from UA-camrs that have already given me free content for years.
"If you live in an area where $32,000 is a high income it's time to move!" D. Ramsey :)
@@Thathat-o7w where is that?
@@godismygeneral thats a "pretty good" factory job in Wisco.
He could easily move to Cincinnati, lots of high paying jobs available and low cost of living.
Bev
I’d prefer to live past the age of 30.
@@matthew8153 I don't understand? Live past age of 30?
An unfinished biology degree. Even if he finishes it, what's the next degree he's going after? Because a biology degree by itself is next to worthless.
You are right!
Agree 100%
Not exactly, I’m getting offered 70k working in a lab
Sage U yea but you finished the degree. Is it a B.S. or masters? What do you do for the lab?
@@vinyasa748 you're an outlier. Good for you!
A biology degree and he knows nothing about birth control...
IKR 😂
😂😂😂
Apparently mammalian reproduction is taught in year 4 😄
Kids are the biggest problem!!! No one needs or should want or have 4 kids!!! 2 is more than enough.
🤣🤣🤣
I can't believe this guy just said that he didn't finish school because he had kids.
Ikr. I can understand if the mom says that, but what was he doing 🤔
It doesn’t make sense right? His wife would’ve been fine without him at home.
Alot of single moms going to school wanna box his ears right now. lol
Dave Ramsey is awesome.
UA-cam interjects commercials every 2 minutes killing the video.
How about a 2nd job? God, I hate debt! I’m on baby step 2, I just finished paying 7, 500 credit card debt working a side hustle (overtime). Paying off my car next and then a bank loan. Help me Jesus!
Love I’ve got a second side job as organist and it’s helping me do the same thing!
How’s it going?
I love Dave in the sense that he keeps wealth building very simple. Even him, a very successful man. Only has three investments (His business, Mutual Funds, Real Estate). The trick is to keep investing simple and stay consistent long term. Don't be emotional with the markets and just enjoy the ride.
Why isn’t the wife working at least weekends????
Jarrett Pierce Probably the four kids
She should try to find something were she can work from home
Because she never wanted to
Four. Kids.
@@WilingtonProductions Exactly! We've seen those manipulators
DR: "Toledo, Ohio is not a depressed market where the average income is $32,000!"
Me: Google, what is the average income in Toledo, Ohio?
Google: $19,113 per year
Me: Google, what is the median household income in Toledo, Ohio?
Google: $33,485 per year
Bruh.
Ouch
Bless his heart! I wish him well!
Why does he have 4 kids at 27
Because social pressure to have kids before being 30yrs
Best fun affordable car mx5ND that’s a dumb reason and I’ve never been pressured to have kids and I’m 28
@@pawsnotclaws2772 I guess you're one of the lucky few , because at parties it's always OMG you're 30 and you still don't have kids kind of talk among the family
Best fun affordable car mx5ND Pressure is not a good reason to have a child. The two are adult and could simply say no and wait until they are financially ready
@@93mlo Where do you live to be in a crowd with that kind of pressure? India?
become a trucker? might as well if the wife stays at home
Facts
Sumer Johnson 'student' haha you fool, but you’re right Lol
Sumer Johnson 'student' yeah but then chad will be pounding her out 😂
EverlastingProsperity I knew this comment was coming, I was waiting for it HAHAHA
@@sumerjohnson1879 hahahahaha.... my Papa was a long haul trucker. He was home for ONE hour the month my Brothers were conceived.
So somehow he never thought to stop having kids to finish his degree and set himself up for a better situation?
@dachicagoan weird for you to think that way
@@twincherry4958 he's got a point lol
@@fredrikb343 I posted the response to the wrong comment 🤷♀️
But he did...now what??
Mormon starter kit
You can do it Adam!!! 👏🏻🙏🏻❤️💪🏻God is with you!!! Thanks Dave for that amazing advice to Adam! 👏🏻👏🏻👏🏻👏🏻
I really appreciate Dave's compassion ❤️
He needs to file Chapter 7 on the medical debt. Also stop having kids until you get your finances in order.
He could get a vasectomy and it would be much easier then for the woman to get her tubes tied.
He's made enough mistakes for ten people.
Don’t laugh, this is what is producing the population of the future.
@@OpiumBride lol you cant take a guys kid
Thanks Dave for helping this guy. I can tell he is ready to make some positive changes.
This is the first self-proclaimed "bad at computers" person that actually does restarts and knows the value of them. THANK YOU FROM EVERYONE IN THE IT FIELD.
His first mistake was having kids during college. He needs to deal with his mistakes; it will teach him invaluable lessons. He is living in a bubble. 🤦🏻♂️ Mommy needs to work and close the baby factory.
Four children is hardly a factory, and her working just means valuable income being poured into daycare. There has to be a middle way where she can gain an additional income without sacrificing her children's upbringing.
My dad did it with 8 kids working in the fields and in the afternoon he had his side hustle selling cars and towing. Now he has several business that he owns. The issue is that we don't try to fixed it.
Exactly! So many ignorant comments on here blaming the kids for $100k in debt!
@@tymom9313 There's a real anti-family culture here. Nothing wrong with having four kids. This guy should have been more careful with the finances of it beforehand.
Guess he quit his Biology degree right before the semester covering human contraception!
He's really young though. He can turn this around.
burropoco biology degrees are practically worthless. Unless you get into professional school.
I know, I have one.
😭😭😭😭😭
@@abc-ei3ik this is the truth and I'm going to medical school with my biology degree
@@abc-ei3ik what about chemistry?
G D I’m not sure I don’t have a degree in chemistry. It is from what I know better than biology, I have a friend that has a chemistry degree that works in a lab. Honestly though, I don’t know enough to give you a straight answer. You gotta know what you’re gonna do with it
To stay home she should add a few kids to babysit, that would help out🤷🏻♀️
she should start her own daycare business
Exactly
Great idea
My former coworker knew a pastor's wife who kept her newborn for around $400 to $500 a month for her while she worked. She had four kids and her hubby made around 30k. They never ate out unless they found coupons
I feel for this guy. We are in a very similar situation, minus the debt. I know what he means when he says 35k is considered decent. It is in my area too. Sure we could move somewhere with higher wages, but then the cost of living goes up. He feels like hes drowning and theres no hope. We're starting a business so hopefully that's my families solution to our income problem.
investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?
sounds great! please I will appreciate your assistance on how to go about it, who's your investor and how good is your investor..
I am going to look her up, I have about $81k i want to start with....
Thanks for the efforts you put in these. I found her and i leave her a message i await a response
"I did not get to finish due to having kids." Just another excuse. I have lots of friends and family members going to school while working full time. You just have to find a way to make it work. Even taking one or two classes each quarter/semester. Do what you know you have to do. Life is tough.
32K for a family of 6? Sounds like the mom's "side hustle" was making babies.
I don't know who did who, but it's definitely the woman's fault!
Apparently they added 2 more.
@@greenluxi How is it just her fault? She got pregnant by herself???
The man's side hustle was the same. It takes two to tango.
@@chiaraippoliti I was being sarcastic, because of all the misogyny that you see on Dave Ramsey videos, somehow no matter what the details are, there will be a highly upvoted comment thread of people blaming the woman.
I filed on my own in California. I did not use a lawyer. It was hard getting all the paperwork together but after that it was fairly easy. It didn’t take care of my student loans but it took care of the $60,000 that my x left me with. It was great to get a fresh start.
Dave: "Toledo Ohio is not a depressed market where the average income is 32k"
Me googling: "Median income in Toledo Ohio is 24k"
Dave Ramsey has some good advice, but he's out of touch. Someone making $32K cannot just start making $60K, $70K, or $170K "because they try really hard."
SO many of these phone calls - people thinking kids are a right and have them without planning. Why would you plan out buying a car, get licensed, make sure you have money for insurance, etc., but not with having a kid - something that is, at minimum, an 18 year commitment? I don't understand it, never have, never will.
This man’s life is a disaster. Yikes. They’ve dug a big hole for themselves.
Spent all that money on college and didn’t even finish.. while making $32,000 per year oh my god. 🤦♂️
I feel sorry for this guy. Good thing he’s still young.
Don't feel sorry, you're the one paying for his 4 kids and wife. They're all on welfare for life.
Don't feel bad, he willingly caused this.
he sounded beat down ☹️
Dave handles this call so professionally and hopefully awakened the guy’s dreams. Good luck to him. But please don’t have anymore kids unless you can provide good life them !
He’s like good dad scolding a disorganized kid. Amazing!
Actually...I just looked it up and the median income in Toledo is $35K, so the caller is right. And I love how the answer is "just move" as if it's that easy. Moving costs money! And where do you move where the cost of living is lower?
“Well the only other high paying job are factories “
Dude sounds very entitled with no degree, 4 kids and 100k in debt.
Those factory jobs have been moved to China 15 years ago.
I thought the same thing. Those "factory jobs" could earn him $60k - $100k+ a year (doubling if not tripling his income) if he gets up and goes to work. He may have to run high production or a good bit of overtime. But he'd be debt free in 2 years. With a souped-up retirement contribution and a maxed out HSA at the end of it all.
I like my factory job. Good pay. Matches my 401k and decent benefits. I even got a 16 week paid maternity leave coming up. Need more money? Overtime is always available.
@@brennasmalley5999 But factory jobs are very hard to get since most factories have been moved to China.
@@johnazhderian5734 u live in the wrong city or town . Tons of warehouse jobs
Not judging anyone. Sometimes we tend to get stuck every now and then. We must learn to reinvent ourselves. We are living in the most exciting and amazing times of mankind. Everyone in a house must pitch in helping create more money. Information is at our fingertips. Get mom, kids, pets, and whole house involve in getting out of this mess. Everyone will benefit by being debt free. Thank you Dave for your wise advice.
I haven't been able to listen to Dave as often on the radio. But all of these UA-cam videos are great! Keep posting them!
As Dave knows even a Chapter 13 could/will discount unsecured loans. It's all up to the Court. This family needs to sit down with a good Bankruptcy attorney today. This family needs to have immediate relief from the pressure. Dave is right on the nose with his advice.
When callers say I make $35,000 and am $100,000 in debt. Dave should just say. “Hold on I’ll send you ken Coleman’s book 📖 “the proximity principal” next!
How many calls involve student loans? Too many!
Yeah, obviously having 4 kids doesn’t help. And all before the age of 30 (he said he’s 27) - yikes. So if he had them in college at age 20 or so (that’s why he left school), that’s one child every 20/21 months. So that’s like getting pregnant almost every year....??? Birth control and condoms are free... don’t have to pay for them if you’re a low-income woman/family. Just saying....
Birth control fails. Condoms break.
Contraception is evil.
Kathryn Young birth control has a low failure rate of used correctly and when used in conjunction with condoms, your probability of pregnancy is low. Nothing has a 100% success rate, however I’d rather have a 98% success rate of not getting pregnant if I can’t afford it than going “welp, birth control fails and condoms break, just gonna take my chances raw dogging it!”
@@KEP1983 Ooooo scaryyyyy...but jeopardising these children's future isn't?
@@pseudorealityisreal The only ones jeopardizing their kids' future are the irresponsible parents. The likelihood these kids will grow up to be poor is 70%.
I make more than that at age 19 with no college experience. I made around 60k a year. I have no debt nor do I have any credit card. Investing early as I can.
It blows my mind that people pay so much money for degrees and then get paid so little. The military pays more than that!!
He needs to take a class on good decision making.
school loans make doing bankruptcy useless
I’m not as in debt as this guy, but the income thing hit me hard. Thank you coach.
Hardcore advice for sure! Truth hurts but people need to hear the truth.
Double your hours and it will double your income. Once out of debt, invest the excess income into something that increases your income. That could be college, but it could be a business, self-improvement seminars, or certifications.
Well you are correct but all that requires time, money, ability, opportunity for employment, etc. Easiest thing to do is to use current skills and rise through the ranks of his current job if possible. I am in the mist of trying to acquire skills and it is both time and expensive and I already have 39K cash as a buffer too.