Okay. take a deep breath. I am a personal finance nerd and I want you to calculate how much your 9-5 makes a year. If you are close to the amount you owe on student loans a year, you are doing damn good. It is the credit cards that are making you feel like you have a ton of bills, then add on living expenses it feels like a pinch. Instead of thinking like this I cannot do this or that, I deserve this thing or that thing. Think of it as I am going to go to work, eat very simple at home, take care of the pup, and enjoy the simple things in life. A cup of coffee made at home with the cheapest coffee you can find. I am going to enjoy my eggs on toast with a side salad for bunch and dinner is going to be some slow cooked chicken with black beans, veggies over rice. You can do this. And even if you have to work at the grocery store on Sundays to earn a bit more YOU CAN DO THIS. The goal is to stop using the credit cards, pay off of the credit cards then deal with the student loans.
I make good money and somehow ended up $20k in credit card debt due to impulse shopping. If I wanted something I bought it. I was also somewhat of a hoarder so to speak. If 1 of something was good, 10 was better. I finally decided I didn’t want to be a slave to the credit card companies anymore. I created a budget (never had one before) and started living on the bare minimum in order to throw all my money at my debt. I’m currently on track to be paid off by October 2024. I still feel sick thinking about all the interest I paid. I know how daunting it can feel when you just don’t see the progress but just keep chipping away. You can do it!
Susan, you did a great job, believe me without deb. you feel always great. no daily worries about your bills, makes your life meaningfull. My only loan was a mortgage that i paid of at the age of 45. Never used a cr.card. Always buy on my deb.card. Never struggling with my money, not living from paycheck to paycheck is great.
@helenooft9664 using a credit card that you pay off right away is far safer. If you should be a victim of identity theft you are covered. Don't have your bank account drained. Even if you are reimbursed it takes time.
At work and came across your video don’t feel alone I’m 50 and broke started my budget journey out strong January 2024 now May 2024 have depleted all funds currently have a negative checking account have $7 in my wallet used my Walmart credit card for gas until payday Friday. I’m a single parent rent is $1900/month plus other expenses. I’m a positive person and hopeful I will bounce back next month. Thank you for sharing this video.
Girl I’m sending you so much love & positivity! The economy isn’t helping either with rates so high & the cost of everything is up. I pray you’re able to get through this.
It is hard to keep focus, when the pay off seems minimal. Get back on it! Budget every penny, track every penny spent. Maybe its not your spending, but the income that is the problem. Could you pick up something extra on the side? Being a widow and a single mom myself, I understand the struggle. My boys are grown now, but still lives at home.
the expensive cost of living makes modern day slaves of us. Finding a cheap way to live and within our means is vital. All we really need is our daily bread and a place to lay our head at night
I'm 46, single, and I've cleaned houses for myself for over 20 years. I'm broke also. I've been working 6 days a week now for 3 years and I'm so burnt out. Luckily, I'm debt free, but, yeah, I feel for you. It is discouraging.
@@leneeanderson4848 I absolutely that is why I’m sharing my story because I know I’m not alone and I want to try to build a community to encourage other people going through the same or similar thing for all of us to rise from ashes together and be amazing
The only way to get out is cut up the cards, meal plan, ser a budget, and sacrifice. Currently doing that myself and only have my student loan debt left. It's taking some years but is worth it. Going to have to figure out a way to increase income that works for you.
Yep, already been doing that. My credit card debt is from like a couple years ago and I’m just now getting to a point financially work actually pay for it and put like significant amount of money towards it. I haven’t used my credit cards in like two years, I’ve been prepping and budgetingstarting this year, so I suspect it will be gone soon and I’ll only be left with my student loans
I’m sure this was not an easy video for you to do but I want to thank you for being so open and transparent about your situation because this has become a national crisis in terms of the debt situation so just bringing that awareness will go a long way
Thank you so much for being kind wild boy. I absolutely agree that this is becoming an epidemic and so I wanted to share so that way other people that are going through the same thing do not feel alone. For so long, I felt alone and then Covid happened and TikTok really blew up and I found so many people that were going through the same things as me at that time, and really open my eyes and it made me feel so alone and it was just so reassuring that I wasn’t the only one
30 years ago my dad earned $70k as a blue collar worker. I'm a 20 year experienced college grad engineer and I can't find any jobs that pay more than $90k-$100k. Older generations don't realize how bad the pay structure has gotten. No wonder we don't have money for houses, kids, retirement expenses and vacations.
@dachicagoan8185 Most people in the older generations realize it's not the same playing field. Their egos just won't let them admit that to the younger generations. Anyone with compassion and empathy can see it and will admit. I don't need to be punched in the face to know that a punch in the face is going to hurt.
I'm 56 years old and finally can live on one paycheck (62k gross / teacher). Add my 110k student loan had not been forgiven in 2022, I would have retired with the debt and the balance would just keep growing. I held it for 16 years. More people are in debt than we can even imagine - Including those who live in fancy houses and drive nice cars. They're typically doing it with massive debt. People such as myself and you who tell our story to the public help the masses. It makes people not feel so alone. You should be proud for telling your story. You don't know what life you're saving. Liked. Subscribed❤
Thank you so much for leaving this very nice and kind comment. I totally agree. There’s so many people that are in debt. Specially, the ones in the fancy houses driving their fancy cars sometimes they are barely surviving to cause they’re living above their means.
Why are teacher salaries so low in the US? In Australia classroom teachers max out at 120K. I’m a Head of Department in an independent single sex school earning 160K.
First of all, take responsibility for your own actions. You need to get on a budget. There are lots of resources out there to teach you how to do that. If I were you, I would get $3000 as fast as you can in a high yield savings account for emergencies. Then I would start with the credit cards and get them paid off, but you need to cut them up so you never use them again. Then I would work on your student loans. Your situation is not impossible to get out of. You need to stop making excuses to why you’re in the situation you’re in and do something about getting out of it.
I do not have any degrees but work two jobs 26 yrs at one retail store and 5 yrs at a grocery store on the weekends there are no vacations and just work all the time just trying to make it and I am grateful for being able to work and make an income never been promoted in my whole life 💃🏻💵💵 just an American living the Dream 🇺🇸
I am so glad for you. But why does working ourselves to death have to be the “American Dream”. I rebuke that. Don’t give me wrong. I have had my period in life where I’ve worked 80 hours a week at two jobs and had no life and barely got any sleep and wasn’t taking care of myself because I was working so many hours and stressed out about all that. And I rebuke that life, there’s gotta be another way and I’m cracking the code
This is the realty for millions of men and women. But then there's the 19 year old girls that go on Onlyfools and make more money in a year than both her immigrant parents did over their whole carrer. College is a scam but if you're not handy and can go into trades you're next to required to go into debt to get a piece of toilet paper certifying you for a job.
Great stuff! You'll do wonderfully well, I'm certain! I was diagnosed with several chronic spinal conditions in my early 30s. I was so thankful that my wife and I had been extremely responsible with money. I didn't think I'd be so sick so soon in life, and now in my mid 30's I'm anticipating retiring in my early 40's (assuming I can in fact physically work that long). Kids will be in school by then, and we SHOULD have enough to get us by. Life goes so fast, and genuinely don't know how many healthy days you've got left. Make them all count! God bless
There’s no shame in your financial situation, no matter what it is. The fact that you’re taking ownership is the first step. With sacrifice, consistency and a long term goal (one informed by many shorter term goals), you will gain financial security. Good luck Rachel ♥️
@@MrNsoe people making mistakes is absolutely their fault. It’s just not something one should be shamed about. Making financial mistakes in our modern world is extremely common. I have a great job with excellent credit and no debt. The catalyst for my current state however was being broke, having horrible credit and having maxed out credit cards in my 20s. That life sucked and I hated every minute but I am not ashamed of it because it brought me here, to a place where I am financially secure.
All complaints about poor me, “no one explained to me”, “I’m a poor single mom”. That was ALL YOUR CHOICE! Now you want a bailout from taxpayers after spending your credit card on frivolous things…YOUR WORDS. YOU NEED TO STOP MAKING EXCUSES AND TAKE RESPONSIBILITY FOR YOUR OWN ACTIONS.
You are not alone. We make decisions when we are younger and it just snowballs. Keep doing this channel, search for sponsors, your channel is growing. You already have a full time job, no need to go outside for another job. Maybe an online job. You are fully aware of the situation. Whatever grants or help available..take it. It’s helping people that refuse to work. There’s no shame in letting it help you if available. Maybe add a tip jar to your channel? A buy me a coffee link or tip jar, I’m not exactly sure how that works, but I see them on other channels. You got this ❤️
Thank you so much for being so kind. I am hoping to make some money with this channel. I’m putting in a lot of work and learning editing and getting better and growing as a creator and I really love doing this and I can see longevity in this as additional income. I do work outside of the home office so getting a second job just isn’t really realistic with me having a dog, but if I am able to go remote at the end of this year, which is hopefully the planwith this job that I have right now then possibly I can get like a second online job where I work both jobs simultaneously and continue and hopefully that will get me somewhere in life
@@RachelOnRepeat I have the same situation as you. I read that comment about putting your babies up for adoption and I had to take a step back before I lost my religion. It makes no sense to leave mean comments. You are a great mom And me too. We had bad marriages. That’s not our fault. I agree with you, no second full time job. Keep doing what you do, coupon clip. Shop sales, and pay what you can. Right now there are student loan programs available. I hope you look into those. I wish we lived closer! Same state just different areas.
@@piecesofbella the bad marriage might’ve been my fault. In the sense that I picked the wrong partner. But before my frontal lobe had developed, and I had life experience and been around the sun a few more times I was totally unprepared and in the big sense of denial that I had ever picked the wrong partner, but now that I’m you know in my 40s I have definitely woken up to the fact that my marriage filling is awesome. My fault for the part that I picked the wrong partner for me. I had nothing to do with him cheating that’s on him now. 😂
Lack of credit cards won't protect you from medical debt and unemployment. It's naive to think that people get in debt just because they buy too many things.
Thank you for sharing. It’s tough to be vulnerable. I’m sure your channel will be very encouraging to folks in similar positions. Good luck, you got this!
Our educational system and parents have neglected to teach any of us financial health. We have taught our kids how to be financially sound. At 21, 19 & 17 they all have emergency funds to be able to buy a car. It took us a very long time ourselves to become financially literate. It’s all behavioral shifts from a spending mindset to a savings mindset.
@@RachelOnRepeat 100%! Ours did not either. We were on the rollercoaster for 20+ years, took till our 40s to figure it out. We are trying to instill in our kids financial health is just as important as your physical & mental health. The stress of finances impact all other aspects of our health.
The way we talk to ourselves matters. When we continue to express regrets for decisions we made, it keeps us stuck in cement. No one can move forward by standing in the past. Many of us have a debt story. We know what it takes to get rid of debt and so do you. If you're filming in your apartment, you aren't broke. Your apartment looks specious and well furnished and you're warm and comfortable. However, no matter how comfortable your apartment, debt is stressful. You have debt because you chose to take it on. It no longer matters what you didn't know, or weren't told; your life is "here" now and your future is in front of you. You can retire your debt as quickly as possible, if you choose. You're the boss - how many changes and which you are willing to make to retire your debt is up to you. There are hundreds of videos by people in debt on YT. Some are more serious than others. They tell their story, walk through their monthly budgets and talk about their debt. One I like is "mistakes were made". You might like the budget sheets she uses and how diligent and determined they are. You CAN do it!
Excellent statement. I totally agree. I feel like there’s some victim mentality going on with her. She’s fortunate as compared to many folks. She needs to realize that. Once that triggers, she’ll do whatever it takes to get that debt retired sooner than later. A few years of sacrifice are in order. She was willing to drag out those multiple college degrees and take on that debt, she should have the same gumption to find a part-time gig to speed up these payments. At least she’s in her early 40s, and not 60s or 70s or 80s like many struggling. She has many options, but I think more excuses.
@@Michelle-lc3jy believe me I think God every day for my life. I have worked really hard to get where I’m at, and I definitely don’t take that for granted because I know that a lot of people are not fortunate to have the same opportunities and privileges that I’ve been able to have because I have had such a great support system over the last 14 years of being a single mom. just because I don’t describe every single sacrifice and thing that I am doing there are plenty of things happening behind the scenes that I just don’t share because it’s personal
@@RachelOnRepeat I can appreciate that I don’t know the full story, but you seem to sharing quite a bit of personal stuff on your channel. You do have to understand that fact alone offers you up for opinions by viewers. As to the degrees, maybe work on getting your SIE to gain knowledge of financial matters when coupled with your existing accounting and finance degrees. That’ll not only improve your job opportunities in this field, but also inform your personal finances and help you educate your audience in the process. Value add to what you’ve worked hard obtaining already and leave the excuses & past at the door. Like the previous viewer said; look ahead!
This is an very relatable story, I got in to debt at a very young age and just recently just got out of debt. It was a long journey for sure. It took a long time for me to get around the mindset that I was broke, and had to work a lot and put a lot towards my debt. I wasn't taught my parents finance, but I learned some things in my journey that helped. I keep a journal and read as much as I could budget books for free. You can do it it just takes lots of discipline and I had to stop school so I could pay back what I had. After you get out , your mindset changes and I am never going into debt. Everyone got my money and I was so upset, I could have done so much with what I have had and made, but lesson learned. I am 40 myself and finally learned my lesson. But I hope all works out for you and your journey. Good luck 👍 Dave Ramsey is a good financial guy to listen to.
@@jenniferwebb677 congrats on getting out of debt. It’s definitely a mindset shift. I’m going through this now. Shedding my old self to make room for my new self
I wish we talked more openly about finances. Everyone sees the nice wardrobe and marble countertops, nobody sees the credit card debt or empty retirement accounts. It's so important and we don't teach people enough, especially young adults. Thanks for sharing and being so open about it! I know that wasn't easy to do.
Some of these comments really disgust me. I’m sorry you’re experiencing this, but one thing is for sure, you can through this. Persistence is the key. As long as you actually want to solve the problem, you will solve it. It’s inevitable. It’s just going to take some time. I’m praying for you.
I’m 36 and I moved back in with my parents to get my 20k debt down and to save for a house. It feels like you’re in a deep dark hole with a pinhole of light. My car is paid off thank goodness. I also have a communications degree. I’m terrified that I will never own a home or be able to save enough. We need to be easier on ourselves. Give ourselves some grace. I feel that depression creeping in the background. We can make this happen for us. Keep going don’t give up.
That’s strange. I know that my parents didn’t really teach me about money but I spent the money to give me 200,000. I wish they had just taught me about loans and debt and especially student loans and interest rates and what I was gonna do to me long-term. Especially since my mom had student loans, but I was a child, you know
@@RachelOnRepeat…why do I get the impression that even if your parents DID teach you about debt & interest & loans you would push back and ignore any advice they gave?? 🤔🤔🤔 ….Oh! Yeah! 🧐, at 41 you’re STILL blowing off advice from people who tell how you can turn this problem around but you don’t want to do the work & sacrifice needed to accomplish that goal.
@@boatsie I don’t think so. I think if they had given me a solid foundation, would I make mistake still, yes I’m human but I think it would’ve given us an open path to have conversations with each other where I could run financial decisions, especially big ones I was gonna make with them and I would feel comfortable to not be judged and they are just providing input out of love and respect. But because there was never any conversations had as a parent to a child/teenager. There’s never been an open door or an open path to have these conversations with them so it’s led to me having to make a lot of choices in the moment due to circumstances that I’ve been in because of my divorce because I’m a single mom because I’ve had to figure it out on my own since I’ve been 18. I’m not coming on the Internet, saying I’m perfect because I’m far from perfect. But I do think that it would be nice to have an open line of communication. Unfortunately, my parents have always judged me and made me feel like the black sheep because I’m a teen mom because I had my kids at wedlock and made a lot of stupid decisions which I talked about in my recent video trying to overcome being the black sheep trying to overcome being the outsider of my immediate family. Instead, I should’ve waited until I was mature to make a lot of the financial choices that I made because they would’ve come from a place that I need to do this for me, because I want the approval of people that I’ll probably never get the approval of
@@boatsieyou get that impression because you’re not interested in helping anyone, you just want to point your finger, assign blame, and/or laugh at people. No one should take you seriously. Also, assuming you know what a person would do in a hypothetical situation just screams “I think I’m smarter than everyone.” Get a life dude.
That’s because most people with financial struggles were not raised to have financial discipline by their parents. Almost everything you do as an adult has something to do with the way you were raised After all, it is your parents’ responsibility to teach you all the things you need to survive and thrive in this world. If you had terrible parents (or no parents at all) of course you’re going to struggle most of your life because instead of learning and being guided a mentor, you now have to learn everything the hard way.
I'm 45 now. I married at age 16, had my first child at 18 and worked, husband and I worked different shifts. Had 4 children by age 25 and stayed a working mom. I went back to college at age 37, employer paid majority of it, no loans. Paid cash for kids to go through college, last kid still a sophomore in college. It's doable, but lots of commitments on both husband and wife part.
I definitely didn’t set myself up for success in life at a early age because I married a narcissist, but I didn’t know about narcissism when I was a teenager getting married.
Hate when people play victim. I can tell you that you’d be a better mom if you taught your kids that “joy” doesn’t require blowing a budget. The best gift you can give your kids is to teach them how to manage money so they aren’t in your position when they’re your age.
Everyone is broke because everyone is living outside of their means. Its simple math, dont spend more than you make. Hopefully you figure it out and at least have something saved for when you retire.
Everything costs a lot of money. Shoes, teeth, lunches, school stuff, gas, toothpaste, lights, heat…..it goes on and on. When you break up a family, costs go up. Always Worse for the female. And in the past 25 yrs, People start off with backwards priorities. (Like why did she get a dog?). Pets cost a ton of money. Especially if they get sick….$2k for two day illness in a pet hopsital. Decisions like this, prevent any hope of retirement savings or current stability. She is looking for the easy button with you tune. (I cant blame her bc being a single broke mom would suck). And really hope it works for her.
Appreciate your honesty and candor. Your situation is like most people. Don't beat yourself up. The key is to look at your situation, know you want to change and make small steps. You're student loans will take some time but interest is not crazy on those. You want to attack the credit cards. Once you get those paid off you'll free up tons of income so you can save and not get back into CC debt.
I'm the other way around I was in debt all through my 20’s and 30’s. I'm 41 now and I'm debt-free have good credit and a good savings account! My only son just turned 21 so I no longer pay child support. I'm single so I don't have to spend money on a hubby and I own my vehicle so no monthly car payments for me. Life is good 😊
Hi Rachel : ) Dont worry be happy everything will be alright in time just have faith ...If there is life there is hope and be greatfull for the life you have and for the people who love you : ) I'm also 42 years old single and broke but I always try to stay positive in my life even when people around me try to bring me down, coz I know in time I will be on top...
❤ Virginia ❤ I dropped out of college 04. One of the BEST decision I've made. Despite all my elders telling me it's the worst move. Back then my intuition 😌 was telling me something was wrong, but I couldn't understand why. Now, getting ready to enter my 40s, I'm in a healthy financial situation. Yes, with a degree I could earn 30k or more but the peace of mind 😌 makes me feel different. So thank you for sharing 💕 ☺️ It made me feel like sharing .
I was in debt ($106k) with a mortgage on a condo (paid $71k in 1996), a car loan and credit card balances when I was 38 years old (in 2005). I forced myself onto a strict budget and did overtime whenever it was offered using all the OT pay to pay off debts. I was debt-free, owned my condo and car outright just before my 50th birthdate and never carried a credit card balance again.
So its been 10 yrs since you graduated… you should have had a pretty good job.. couple of promotions by now… what went wrong? Paid off at least 25% of the loans…. You blame others a lot though. Maybe thats the problem. You are waiting for a savior to come save you.
Many women pay child support? And even more are the sole provider for their whole family while the man left them to do his own thing. What planet are YOU living on? Incel Reddit forums??
I really don't think student loans should ever be forgiven. I think it is fair to get the interest on the loan forgiven, but the principle should never be forgiven. If you borrow money you have to pay it back. There are no freebies in life. It is not fair to expect tax payers to pay off your loan. Also, there are so many people who have already paid off their student loan through taking on multiple jobs and hard work. It is not fair to them either..
I will never understand why ppl are against student loan forgiveness knowing good and well that public figures and politicians get loan forgiveness and get off the hook all the time. I guess people are okay when it comes to the wealthy getting forgiveness but not the average citizen
I was once - but not broke. I am very self motivated to not get myself in debt. I watched my parents misuse credit & arguing over money. I never wanted that for my life.
Why not move your discover balance to the truist card - STOP using the discover card, focus on paying off/down the truist card, and let your children (and others) know no birthday or Christmas purchases for a while - if you are 41 they are old enough (early 20s?) to understand. It’s a slog, but, once you start and KEEP focusing on paying it down, it gets easier. Good luck. Once paid off, switch back to the discover card, pay it off IN FULL each month and use the card to your benefit - the cash back builds effortlessly as long as you ALWAYS pay in full each month. Discipline is the key.
@@TheFatesLieutenant I haven’t used my credit cards in a couple of years now. And since this video I moved my Discover balance to a 21 month 0% credit card. 🫶🏻
My kid joined the Navy to pay for college. His sister went to community college. We live on Social Security and small pensions. We buy only food and needs. Tina, Al's wife
I wrote this saying for a charity movie in my retirement 5 years ago. " LIFE IS MESSY AND PEOPLE ARE COMPLICTED." We have to accept that life never stays good or bad forever. We get a coldor flue, our job is downsized, our relatives cause us problems and the car acts up too. even at age 65 with all the financial issues are looking good the health declines and complications arise with medical issues. Enjoy the sunny days because life will consistently blow a sorm your way.
@@RachelOnRepeatBut you have a degree in Accounting & Finance. You should’ve learned the fundamentals at this point. Maybe your parents failed you in teaching you the basics, but you have had the time & resources to teach yourself.
@@Michelle-lc3jy I wish I had the time see I’ve been a single mom for the last 14 years and when I was going to school, I had four classes two part-time jobs and two kids to take care of so no I haven’t really had a time I’ve been living in fight or flight until probably 2024, so my mind really hasn’t been on teaching myself this even though I know it is a basic life skill, but I just have been so overwhelmed and overloaded and mentally and emotionally not to mention being divorced from a narcissist that you have to share kids with comes with so much trauma and abuse that I have had to endure
@@Michelle-lc3jyYou’d be surprised at how little college actually teaches you to apply the material and skills you’ve learned to the real world. Having the degree in and of itself doesn’t guarantee shit. Especially when you factor in things like…oh idk…being a fallible being? (Human)
I subscribed for the cleaning shorts - I was not expecting good sit down videos too. Such a great topic to be transparent with, thank you for sharing. I am excited to see your journey! Sending you all the good vibes, much love
Unfortunately, none of us knew about student loans. Trust me, we ALL want to have out loans forgiven, we were ALL 'defrauded'. We just all need to do our part to pay off our loans, not just hope or rely on something/someone.
OK. I do not care about your history. The only thing I will need to know is how are your finances now, how much are you bringing in now, today and that means everything? The thing is you can combine all your debt's into a one payment plan. I have calculated that over ten years you can pay, each month, only around $810.53 a month. You will have to work your backside off, but, you will get there. Cut your credit card up while you are in the bank to sort out your finances. Only take out cash or pay with a debt card. You have to be accountable for your finances. Go to your bank NOW to sort out your finances, NOW!
The last 2 years for me have absolutely sucked financially. At the end of 2021 I had a pretty decent amount in checking & savings, well in 2022 I took a job offer in another state that turned out to be fraudulent costing me to lose thousands & thousands of dollars from moving expenses & car repairs that came about because of the move, I still have yet to recover from it. I tried to sue the company involved with no luck, I was lucky on one hand because I was able to go back to my old job, what sucks about that though is that my old job is in Southern California where the cost of living is pretty much you need to make at least $250k annually to live comfortably. America is a place right now that just seems to be forcing everyone into deep debt like your being thrown into the deep part of the pacific ocean with no life jacket...
OMG what a heart wrenching story. I’m so glad you were able to go back to your old job. Yes I totally agree to live in most any major city you have to be making a pretty penny. It’s despicable.
You weren't defrauded. Pay your debt. Take agency for your adult decisions. If you think this way then maybe we shouldn't let people vote till 24. Your logic is not good. Pay back what you took from tax base.
@TheRachelShow I appreciate your kindness and openness with your videos. It is just upsetting that so many people have made choices like you have and now these debts are having to be reconciled by our tax money. I paid my debts, I wish you would to.
It is okay to ask around if anyone in neighborhood got extra uncook food that they can give away when you ask. I did this and found that ppl are usually generous to help. And this act alone helped me to paid off 80 percent of my debt. But when I tell my friends who also struggled financially , they said they couldn’t do it because this is shameful. I really think it is not. It is very important not to have debt for a healthy mind.
Good reply .... Just because you are in debt doesn't mean you need to take ba from some random stranger.. Which might be a loser in life@@RachelOnRepeat
lol seriously..I can understand kids happening unexpectedly but a dog is completely optional. Dogs aren’t cheap either to properly care for them. I feel our culture really encourages people to own a dog or cat even when they can’t afford them. Nothing wrong being pet free….get a goldfish lol
Only a few minutes in and all I’m hearing is a lot of excuses. “Frontal lobe wasn’t developed, I was basically a single mom, I was tricked into college and didn’t understand what it meant,” and the beginning when you said “I can’t blame my parents anymore” like you’re 42? You’ve been an adult for 24 years, you can’t blame them for your own adult decisions. All I’m hearing is a lot of shifting the blame to anyone or anything besides yourself.
No nail salons,no eye lashes ,no starbucks,no outside meals. Control yourself. Accounting and Finance?!. "During that few years".... it's During those few years. Oh my gosh, she went by the commercials and didn't think things throughly. "Frontal lobe wasn't developed". She doesnt seem very bright. Caleb Hammer has a you tube channel helping people like her
You look like a very sweet and kind person, and I wish you all the best, I really do. Unfortunately, many of the choices we make in life have consequences and this is one of them. It's just that taking 2 bachelor's degrees in almost the same subject, getting multiple loans... as an accounting student, I think you should have known better.
You got this girl. Just getting started is the hardest part. Don’t be too tough on yourself for things you could’ve done different. You did the best you could at that time in your life.❤
@@bridgetmitchell2925 thank you so much for your words of encouragement and your positivity. It’s definitely hard to start and it’s also hard to be this vulnerable sharing this on the Internet, but I’m hoping that you know it makes at least one person feel like they’re not alone.
God wasn't telling you to go to that university. Society marketed that idea to you much like algorithms are doing today with younger generations. Strangely enough your frontal lobe was much more adapted to be a mother than it was to go into debt slavery. Being a parent comes naturally. Learning the nuance of how student loans, interest, compounding and the racket universities and banks have been playing with one another on the public does not come naturally. Even really well educated people get completely blind sided by this and somehow become convinced that having children is more problematic and expensive than burying themselves into the many types of debts being marketed to us at all times. Think of it this way. There are people consistently trying to sell you something. You are your dollars are an asset to them and a liability for your self.
Don’t get discouraged just live on beans and rice and pay off that credit card and student debt. Pay everything as you go and never interest except for a home. Definitely harder with 2 kids and a single mom but can be done! Should be able to make over 100k with accounting
A lot of people are in a simmilar situation to yours, so you're definitely not alone! just that 99% of people would be too embarrassed to share and I'm sure they appreciate hearing from you to realize that they are not alone.
That is exactly why I shared. This spurred me to start sharing my financial freedom journey here. I’ve now saved up $5,300 in my HYSA and paid my credit cards down to $8,500 and so much more
What kind of jobs were you offered w a new accounting degree? Was the work & pay what you expected? How has your work changed over the years? Did you get to enjoy pay raises as you gained more experience? Was it worth it?
You 'think' your degree is in accounting. Does anyone else find that a little strange. I can 100% tell you what my undergraduate and graduate degrees are in....Just my 2 cents
Sorry about your financial situation but all of the unnecessary edits make this video damn near unwatchable. Your audience are most likely adults so why not just speak normally without this trendy ADHD inducing effects on ur video
When making this comment you hadn’t even stopped to think what if I have ADHD. Guess not. If you don’t like someone you can simply skip and move on without commenting something rude. Hope you have a great day
@@LadyOneKC yeah I wish I had gone to the trades but I felt like I would have more paycheck security if I went to corporate route. I’ve been laid off twice in the last 7 years.
You're only 41/42. You've got time to change your financial path. I think it would be a good idea to stop using credit cards and only buy with cash. Set up an emergency fund and then evaluate how you can increase your income substantially so you can start paying off that incredible debt.
Such great suggestions I haven’t used my credit card in probably two years and I already have 1000 saved it into an emergency fund. I would like a few thousand more like 3 to 4 more brand in there just so that way I can prepare myself better in case of emergency.
One second into the video, I’m commenting now: Single mom, decided to leave her husband because she was “unhappy” (and felt like it). Likely the words like “trauma” and “journey” are thrown around a lot and in the end…pat pat, you go Queen. Hopefully my prediction isn’t true and I’m proven wrong.
Actually, you know nothing because I got a text in the middle of the night while my husband was on a two week work trip that he didn’t love me anymore and that he wanted to get a divorce after he had cheated on me while I was pregnant with her second child I feel like it was best for my mental health and my children’s mental health and emotional well-being to exit the relationship considering he texted me that he didn’t love me and he wanted to divorce and I didn’t have a choice
The interest on credit cards these days are ridiculous.Basically 30%. Most people don't realize how much interest they are paying. I purchased a $2k TV on a Best Buy credit card. The deal was no interest for the first 24 months. If I didn't pay off the $2k in 24 months the lump sum interest would be $700. I think it's a good deal as long as you pay it off on time. Seeing the interest as a lump sum can motivate you to pay it off faster.
@@TheMoneyMakingMentor I agree! After this video I moved some of my higher interest credit card debt over to a 0% card for the next 21 months and I’ve already paid $1,200 off on that card so far.
We are in the top 3-5% of earners in US. Our 1 TV was bought 10 years ago. We pay our credit cards off monthly. We have a $950 mortgage. Business pays our truck payment. We don’t eat out much… I would never buy a $2k tv, wtf..
I see videos like this and thank my younger self who was smart enough at 18 to realize he didn't know what the f he was doing in life and joined the Army. I was lazy and did terrible in school, and didn't see the food industry I was working in as a future. I retired a few years ago and with my degree I acquired from WGU and I am currently making six figures and have a pension. Never in my wildest dreams as kid who grew up in a family that was barely getting did I imagine I would have a near seven figure net worth. She could have joined the Army after divorce, had a lot of Soldiers who did this, and she would be nearing retirement now with little student loans as the military would paid most of them and getting ready to live her best life. I feel her pain about UofP, I made the mistake of attending AMU for six months in early 2000s and realized early it was not going to be worth anything near what I was paying for it.
University of Phoenix is great: my husband completed his BS in International marketing. Years later, he is finishing his PhD in Psychology in another University. But Phoenix is a great option for someone who's working.
Pay attention ladies...this is the fate of most "strong, independent" women. It took her until 42 yrs old to take any responsibility for the wrong choices she has made in her life.
@@norrisheckwine7439 😂😂 I went through a horrible divorce and was abused for about 10 years post my divorce so this is the first full year I’ve NOT lived in survival mode and am able to actually take control of my life. I’ve known about my poor choices but I couldn’t do much of anything about it because I was just simply trying to survive each and everyday. Waking up with dread and doom is not a life that I want for anyone.
I'm 44 and independent and doing quite well financially and otherwise. Using one person's misfortunes as an indicator for a giant demographic is just ridiculous.
Oh boy. That is overwhelming. Deep breath! I would definitely go bare bones for a while, to get the momentum going on paying down the debt. Could you switch job, for a better paying one? Or pick up door dash or something, where you can bring your dog? Do you have anything you could sell?
Look, all that's done is done, teaching your kids exactly what not to do and why is your main purpose. I teach my girls that if they can't pay for their own rent, lights , car note, insurance, maintenance and your own grocery bill do not open them legs to someone that can't take care of themselves plus you don't know who this boy is going to become. Your college, set up a payment plan and forget about it? Pay your other bills down and get married for partnership, love and two income's? Budget your money for the rest of your life and pay into retirement if you can.
You can't be that broke if you have a roof over your head! I live in my SUV (by choice) because I am paying off my student loans. My education got me to where I am today with a job that pays me well over 6-figures (combined $200k), but I am in debt and currently paying that off. I am single and don't have any credit card debts, other than my car payments and student loans. You are probably thinking if I make $200K per annum, why I am living in my SUV? Well, as a travel nurse, I bounce from place to place, so having a permanent residence wouldn't make sense in my case. My student loan is like the sword of Damocles hanging over my head, and if I don't keep up with my payments, my credit may be at risk. I didn't qualify for the student loan forgiveness, but then again, I don't care --- I only have $50k remaining and I make $5k payments a month. I have a bachelor's and master's degrees from Boston Univ and MCPHS. I work as a travel nurse and have busted my butt to get where I am today, and all you can do is make a video and complain about drowning in debt! Colleges/Universities like University of Phoenix is a school for profit, and not sure if those types of "online" school can really help a student get far, in terms of a career path. First rule of holes: if you are in one, stop digging. Secondly, get to work! Get 3 jobs if you have to. I currently work 2 jobs as a nurse and I pick up as much OT as I can. Sorry for sounding mean, but our country is so broken and if Tangerine gets back into the white house, it will be a disaster. I hope you figure things out on your end! Good luck!
@@RachelOnRepeat I understand the challenges that many of us face today. With corrupt politicians and laws becoming more strict from finance to healthcare. I am not sure what the bankruptcy laws are now a days but that can set a person in even more problems. Perhaps try to look for a job that offers public service loan forgiveness after x amount of years? State and federal jobs are a good place to start with. Secure positions with excellent benefits. Today's politicians are corrupt and they only make laws that benefit themselves to become richer, giving the wealthy huge tax breaks, and we, the working class have to suffer. I hope you get yourself out of debt, and I hope you can qualify for the public service loan forgiveness. Even though I didn't get it, I am glad to see other people get it, as it can really lift people out of poverty. BEST WISHES, and GOOD LUCK!
@@RachelOnRepeatI understand the challenges that many of us face today. With corrupt politicians and laws becoming more strict from finance to healthcare. I am not sure what the bankruptcy laws are now a days but that can set a person in even more problems. Perhaps try to look for a job that offers public service loan forgiveness after x amount of years of service and making minimum payments? State and federal jobs are a good place to start with. Secure positions with excellent benefits. I know a few people who have 10+ years of public service w/ the feds and state, and may minimum payments towards their federal student loans, and have been forgiven via PSLF. Today's politicians are corrupt and they only make laws that benefit themselves to become richer, giving the wealthy huge tax breaks, and we, the working class have to suffer. I hope you get yourself out of debt, and I hope you can qualify for the public service loan forgiveness someday. Even though I didn't get it, I am glad to see other people get it, as it can really lift people out of poverty. BEST WISHES, and GOOD LUCK!
Of course I skipped the years of trauma and abuse I went through by my exhusband that kept my emotionally and mentally unwell to the point I wanted to kill myself to escape to be free from the narcissistic abuse. I lived in survival mode for the last 14 yrs. Now I’m finally mentally and emotionally healed and ready to tackle my life head on. There is a lot I have story time videos about this stuff on my page and some stuff I’ve never talked about because it’s the past and I just really want to move on. I can’t change the past all I can do is learn, heal, and move forward
Everyone shouts Dave Ramsey but I read Mary Hunts debt proof living before I ever heard of him. Being your an accountant of sorts I think you’ll love her. The book is pretty cheap on eBay.
University of Phoenix. Enough said. I've had many friends go to that place and regret it, also having mountains of debt. There's many UA-cam videos of HR people who say that resumes with diplomas from that institution are ignored. It is more of a resume stain than anything else. I've never worked in the HR field.
Exactly why I ended up going back to school and racked up more debt. I’ve spent 2+ years waiting on debt forgiveness for UoP student debt under the Borrower Defense Program. Who knows if they will forgive the debt
@@RachelOnRepeat I wish you the best of luck! There's a few medical assisting schools, massage therapy schools, etc. in my town that have been closed down due to their exorbitant costs, extremely low graduation rates, and even lower rates of students finding employment in their fields. To the point where those schools weren't even eligible for the student loan program. FWIW, I got a B.S. degree in electrical engineering, emphasizing CPU design. I graduated in 2002 (worked full time, college at night for the entire degree). 2002 was the height of the tech bubble burst - no jobs at any company anywhere in the world. I've never even worked 1 day in that industry.
I only know one person whose college degree actually turned them into a million bucks and he chose dentistry. I know more people with millions of dollars that didn’t go to four year institutions. College for most people is a sham if you don’t have legit definitive plan.
When you realize credit card interest is 25-30% then that hole is hard to get out of. Living within your means does not include funding a lifestyle with credit cards.
If you were a man I would tell you to get into the trades, bunch of Overtime and good paying jobs ! Getting into nursing and working 12 hour shifts will get you back on track ! I’m working a lot right now trying to get ahead because I know good times don’t last forever !
Okay. take a deep breath. I am a personal finance nerd and I want you to calculate how much your 9-5 makes a year. If you are close to the amount you owe on student loans a year, you are doing damn good. It is the credit cards that are making you feel like you have a ton of bills, then add on living expenses it feels like a pinch. Instead of thinking like this I cannot do this or that, I deserve this thing or that thing. Think of it as I am going to go to work, eat very simple at home, take care of the pup, and enjoy the simple things in life. A cup of coffee made at home with the cheapest coffee you can find. I am going to enjoy my eggs on toast with a side salad for bunch and dinner is going to be some slow cooked chicken with black beans, veggies over rice. You can do this. And even if you have to work at the grocery store on Sundays to earn a bit more YOU CAN DO THIS. The goal is to stop using the credit cards, pay off of the credit cards then deal with the student loans.
Thank you so much for this advice. Hope you have a wonderful day.
@@RachelOnRepeatnaw, file bankruptcy! Get a fresh start!
@@kamallamccain2699 I’m definitely considering that I need to save up for a lawyer
…she CAN do those things, she just doesn’t WANT to do those things.
@@boatsie I’m actually currently saving up for this.
I make good money and somehow ended up $20k in credit card debt due to impulse shopping. If I wanted something I bought it. I was also somewhat of a hoarder so to speak. If 1 of something was good, 10 was better. I finally decided I didn’t want to be a slave to the credit card companies anymore. I created a budget (never had one before) and started living on the bare minimum in order to throw all my money at my debt. I’m currently on track to be paid off by October 2024. I still feel sick thinking about all the interest I paid. I know how daunting it can feel when you just don’t see the progress but just keep chipping away. You can do it!
@@susanb7594 thank you so much Susan! ☺️
You just have no self control.
Susan, you did a great job, believe me without deb. you feel always great. no daily worries about your bills, makes your life meaningfull. My only loan was a mortgage that i paid of at the age of 45. Never used a cr.card. Always buy on my deb.card. Never struggling with my money, not living from paycheck to paycheck is great.
@helenooft9664 using a credit card that you pay off right away is far safer. If you should be a victim of identity theft you are covered. Don't have your bank account drained. Even if you are reimbursed it takes time.
Biden, Harris, and Zalenski appreciate your contributions
At work and came across your video don’t feel alone I’m 50 and broke started my budget journey out strong January 2024 now May 2024 have depleted all funds currently have a negative checking account have $7 in my wallet used my Walmart credit card for gas until payday Friday. I’m a single parent rent is $1900/month plus other expenses. I’m a positive person and hopeful I will bounce back next month. Thank you for sharing this video.
Girl I’m sending you so much love & positivity! The economy isn’t helping either with rates so high & the cost of everything is up. I pray you’re able to get through this.
It is hard to keep focus, when the pay off seems minimal. Get back on it! Budget every penny, track every penny spent. Maybe its not your spending, but the income that is the problem. Could you pick up something extra on the side? Being a widow and a single mom myself, I understand the struggle. My boys are grown now, but still lives at home.
the expensive cost of living makes modern day slaves of us. Finding a cheap way to live and within our means is vital. All we really need is our daily bread and a place to lay our head at night
Ha you guys think that’s bad I still sleep with a baby blanket every night at 35 in my parents home
Your rent is eating you alive. Sell unused items and move to a cheaper place.
I'm 46, single, and I've cleaned houses for myself for over 20 years. I'm broke also. I've been working 6 days a week now for 3 years and I'm so burnt out. Luckily, I'm debt free, but, yeah, I feel for you. It is discouraging.
I’m so sorry Lenee it’s not supposed to be this way. There has to be a solution.
@@RachelOnRepeat just know you're not the only one out there feeling that way or in this situation.
@@leneeanderson4848 I absolutely that is why I’m sharing my story because I know I’m not alone and I want to try to build a community to encourage other people going through the same or similar thing for all of us to rise from ashes together and be amazing
It’s not luck that you’re debt free. It’s your accomplishment.
I'm so sorry that you have to clean houses.
At 41 you can’t hold your parents responsible for your bad decisions.
No one is
The only way to get out is cut up the cards, meal plan, ser a budget, and sacrifice. Currently doing that myself and only have my student loan debt left. It's taking some years but is worth it. Going to have to figure out a way to increase income that works for you.
Yep, already been doing that. My credit card debt is from like a couple years ago and I’m just now getting to a point financially work actually pay for it and put like significant amount of money towards it. I haven’t used my credit cards in like two years, I’ve been prepping and budgetingstarting this year, so I suspect it will be gone soon and I’ll only be left with my student loans
I’m sure this was not an easy video for you to do but I want to thank you for being so open and transparent about your situation because this has become a national crisis in terms of the debt situation so just bringing that awareness will go a long way
Thank you so much for being kind wild boy. I absolutely agree that this is becoming an epidemic and so I wanted to share so that way other people that are going through the same thing do not feel alone. For so long, I felt alone and then Covid happened and TikTok really blew up and I found so many people that were going through the same things as me at that time, and really open my eyes and it made me feel so alone and it was just so reassuring that I wasn’t the only one
30 years ago my dad earned $70k as a blue collar worker. I'm a 20 year experienced college grad engineer and I can't find any jobs that pay more than $90k-$100k. Older generations don't realize how bad the pay structure has gotten. No wonder we don't have money for houses, kids, retirement expenses and vacations.
It’s a shame what we are going through these days in our country. So sad and terrible
What, specifically, did your dad do? Did he work a lot of OT? How old was he when he made 70K?
@dachicagoan8185 Most people in the older generations realize it's not the same playing field. Their egos just won't let them admit that to the younger generations. Anyone with compassion and empathy can see it and will admit. I don't need to be punched in the face to know that a punch in the face is going to hurt.
Indeed 🎉
Are you serious? The majority of the country earn less than half these numbers, wake up!
I'm 56 years old and finally can live on one paycheck (62k gross / teacher). Add my 110k student loan had not been forgiven in 2022, I would have retired with the debt and the balance would just keep growing. I held it for 16 years.
More people are in debt than we can even imagine - Including those who live in fancy houses and drive nice cars. They're typically doing it with massive debt.
People such as myself and you who tell our story to the public help the masses. It makes people not feel so alone.
You should be proud for telling your story. You don't know what life you're saving. Liked. Subscribed❤
Thank you so much for leaving this very nice and kind comment. I totally agree. There’s so many people that are in debt. Specially, the ones in the fancy houses driving their fancy cars sometimes they are barely surviving to cause they’re living above their means.
@@RachelOnRepeat exactly Rachel!!!
Why are teacher salaries so low in the US? In Australia classroom teachers max out at 120K. I’m a Head of Department in an independent single sex school earning 160K.
First of all, take responsibility for your own actions. You need to get on a budget. There are lots of resources out there to teach you how to do that. If I were you, I would get $3000 as fast as you can in a high yield savings account for emergencies. Then I would start with the credit cards and get them paid off, but you need to cut them up so you never use them again. Then I would work on your student loans. Your situation is not impossible to get out of. You need to stop making excuses to why you’re in the situation you’re in and do something about getting out of it.
@@Tammy-e8c first of all is wild 😂😂
@@RachelOnRepeatShe gave you great free advice.
Thank you for sharing! You are definitely NOT alone.
Thank you for being so positive in the comments. It’s hard to be this vulnerable. When I know I’m gonna get hate text in the comments.
Studying accountancy and finance while getting in horrendous debt. Its like seeing a mechanic broken down on the roadside, or a skinny baker.
It’s literally patriotic
I do not have any degrees but work two jobs 26 yrs at one retail store and 5 yrs at a grocery store on the weekends there are no vacations and just work all the time just trying to make it and I am grateful for being able to work and make an income never been promoted in my whole life 💃🏻💵💵 just an American living the Dream 🇺🇸
I am so glad for you. But why does working ourselves to death have to be the “American Dream”. I rebuke that. Don’t give me wrong. I have had my period in life where I’ve worked 80 hours a week at two jobs and had no life and barely got any sleep and wasn’t taking care of myself because I was working so many hours and stressed out about all that. And I rebuke that life, there’s gotta be another way and I’m cracking the code
This is the realty for millions of men and women.
But then there's the 19 year old girls that go on Onlyfools and make more money in a year than both her immigrant parents did over their whole carrer.
College is a scam but if you're not handy and can go into trades you're next to required to go into debt to get a piece of toilet paper certifying you for a job.
You mean the American nightmare darling
I am a certified Ramsey Financial Coach and can help you.
yeah my morals would never let me do OF. But pop off queens.
you are going HARD with these edits lmao whilin'!! pretty funny tho.
😂😂 thank you! Made a boring basic video go to the next level
Great stuff! You'll do wonderfully well, I'm certain!
I was diagnosed with several chronic spinal conditions in my early 30s. I was so thankful that my wife and I had been extremely responsible with money. I didn't think I'd be so sick so soon in life, and now in my mid 30's I'm anticipating retiring in my early 40's (assuming I can in fact physically work that long). Kids will be in school by then, and we SHOULD have enough to get us by. Life goes so fast, and genuinely don't know how many healthy days you've got left. Make them all count!
God bless
@@iambryguy4 omg you have such a powerful testimony
There’s no shame in your financial situation, no matter what it is. The fact that you’re taking ownership is the first step. With sacrifice, consistency and a long term goal (one informed by many shorter term goals), you will gain financial security. Good luck Rachel ♥️
Thank you for your optimism Eric 😄
Oh buddy, there should be a shame on how bad you handled money, unless you love debt so much.
@@MrNsoe company’s literally spend billions manipulating us in order to buy things. Making a mistake in that environment is nothing to be shamed for.
@@ericHHII you are not a kid to be easily manipulated. Grow up. Its not your fault but others?
@@MrNsoe people making mistakes is absolutely their fault. It’s just not something one should be shamed about. Making financial mistakes in our modern world is extremely common. I have a great job with excellent credit and no debt. The catalyst for my current state however was being broke, having horrible credit and having maxed out credit cards in my 20s. That life sucked and I hated every minute but I am not ashamed of it because it brought me here, to a place where I am financially secure.
All complaints about poor me, “no one explained to me”, “I’m a poor single mom”. That was ALL YOUR CHOICE! Now you want a bailout from taxpayers after spending your credit card on frivolous things…YOUR WORDS.
YOU NEED TO STOP MAKING EXCUSES AND TAKE RESPONSIBILITY FOR YOUR OWN ACTIONS.
It’s my party and I’ll cry if I want to
You are not alone. We make decisions when we are younger and it just snowballs. Keep doing this channel, search for sponsors, your channel is growing. You already have a full time job, no need to go outside for another job. Maybe an online job. You are fully aware of the situation. Whatever grants or help available..take it. It’s helping people that refuse to work. There’s no shame in letting it help you if available. Maybe add a tip jar to your channel? A buy me a coffee link or tip jar, I’m not exactly sure how that works, but I see them on other channels. You got this ❤️
Thank you so much for being so kind. I am hoping to make some money with this channel. I’m putting in a lot of work and learning editing and getting better and growing as a creator and I really love doing this and I can see longevity in this as additional income. I do work outside of the home office so getting a second job just isn’t really realistic with me having a dog, but if I am able to go remote at the end of this year, which is hopefully the planwith this job that I have right now then possibly I can get like a second online job where I work both jobs simultaneously and continue and hopefully that will get me somewhere in life
@@RachelOnRepeat I have the same situation as you. I read that comment about putting your babies up for adoption and I had to take a step back before I lost my religion. It makes no sense to leave mean comments. You are a great mom
And me too. We had bad marriages. That’s not our fault. I agree with you, no second full time job. Keep doing what you do, coupon clip. Shop sales, and pay what you can. Right now there are student loan programs available. I hope you look into those. I wish we lived closer! Same state just different areas.
@@piecesofbella the bad marriage might’ve been my fault. In the sense that I picked the wrong partner. But before my frontal lobe had developed, and I had life experience and been around the sun a few more times I was totally unprepared and in the big sense of denial that I had ever picked the wrong partner, but now that I’m you know in my 40s I have definitely woken up to the fact that my marriage filling is awesome. My fault for the part that I picked the wrong partner for me. I had nothing to do with him cheating that’s on him now. 😂
@@RachelOnRepeat I was 19 too , so silly on my part. Oh well live and learn
Never get a credit card. No. I don't care what reason you have. Live within your means. Can't afford giving a dog a good life? Don't get a dog.
Absolutely I wish I never needed a credit card I wouldn’t had ever gotten one
Lack of credit cards won't protect you from medical debt and unemployment. It's naive to think that people get in debt just because they buy too many things.
@@CheerupA1 lol wow like no duh
Credit cards are great if you use it right. Very linear way of thinking.
@@Brandon-tz5pn There is no way to use them right
Thank you for sharing. It’s tough to be vulnerable. I’m sure your channel will be very encouraging to folks in similar positions.
Good luck, you got this!
That is my goal! 🫶🏼 thank you
Our educational system and parents have neglected to teach any of us financial health. We have taught our kids how to be financially sound. At 21, 19 & 17 they all have emergency funds to be able to buy a car. It took us a very long time ourselves to become financially literate. It’s all behavioral shifts from a spending mindset to a savings mindset.
Yes totally my parent never taught me how to be financially literal and what things I should be doing to set my future self up for success
@@RachelOnRepeat 100%! Ours did not either. We were on the rollercoaster for 20+ years, took till our 40s to figure it out. We are trying to instill in our kids financial health is just as important as your physical & mental health. The stress of finances impact all other aspects of our health.
@@OurRetireEarlyJourney I’m so glad you’re doing right by your kids
The way we talk to ourselves matters. When we continue to express regrets for decisions we made, it keeps us stuck in cement. No one can move forward by standing in the past.
Many of us have a debt story. We know what it takes to get rid of debt and so do you.
If you're filming in your apartment, you aren't broke. Your apartment looks specious and well furnished and you're warm and comfortable. However, no matter how comfortable your apartment, debt is stressful.
You have debt because you chose to take it on. It no longer matters what you didn't know, or weren't told; your life is "here" now and your future is in front of you. You can retire your debt as quickly as possible, if you choose. You're the boss - how many changes and which you are willing to make to retire your debt is up to you.
There are hundreds of videos by people in debt on YT. Some are more serious than others. They tell their story, walk through their monthly budgets and talk about their debt. One I like is "mistakes were made". You might like the budget sheets she uses and how diligent and determined they are.
You CAN do it!
Couldn’t agree more
Excellent statement. I totally agree. I feel like there’s some victim mentality going on with her. She’s fortunate as compared to many folks. She needs to realize that. Once that triggers, she’ll do whatever it takes to get that debt retired sooner than later. A few years of sacrifice are in order. She was willing to drag out those multiple college degrees and take on that debt, she should have the same gumption to find a part-time gig to speed up these payments. At least she’s in her early 40s, and not 60s or 70s or 80s like many struggling. She has many options, but I think more excuses.
@@Michelle-lc3jy believe me I think God every day for my life. I have worked really hard to get where I’m at, and I definitely don’t take that for granted because I know that a lot of people are not fortunate to have the same opportunities and privileges that I’ve been able to have because I have had such a great support system over the last 14 years of being a single mom. just because I don’t describe every single sacrifice and thing that I am doing there are plenty of things happening behind the scenes that I just don’t share because it’s personal
@@RachelOnRepeat I can appreciate that I don’t know the full story, but you seem to sharing quite a bit of personal stuff on your channel. You do have to understand that fact alone offers you up for opinions by viewers.
As to the degrees, maybe work on getting your SIE to gain knowledge of financial matters when coupled with your existing accounting and finance degrees. That’ll not only improve your job opportunities in this field, but also inform your personal finances and help you educate your audience in the process. Value add to what you’ve worked hard obtaining already and leave the excuses & past at the door. Like the previous viewer said; look ahead!
This is an very relatable story, I got in to debt at a very young age and just recently just got out of debt. It was a long journey for sure. It took a long time for me to get around the mindset that I was broke, and had to work a lot and put a lot towards my debt. I wasn't taught my parents finance, but I learned some things in my journey that helped. I keep a journal and read as much as I could budget books for free. You can do it it just takes lots of discipline and I had to stop school so I could pay back what I had. After you get out , your mindset changes and I am never going into debt. Everyone got my money and I was so upset, I could have done so much with what I have had and made, but lesson learned. I am 40 myself and finally learned my lesson. But I hope all works out for you and your journey. Good luck 👍 Dave Ramsey is a good financial guy to listen to.
@@jenniferwebb677 congrats on getting out of debt. It’s definitely a mindset shift. I’m going through this now. Shedding my old self to make room for my new self
I wish we talked more openly about finances. Everyone sees the nice wardrobe and marble countertops, nobody sees the credit card debt or empty retirement accounts. It's so important and we don't teach people enough, especially young adults. Thanks for sharing and being so open about it! I know that wasn't easy to do.
I totally agree, and that is why I have started detailing my weekly expenses and budgeting my paycheck. It’s so empowering.
Some of these comments really disgust me. I’m sorry you’re experiencing this, but one thing is for sure, you can through this. Persistence is the key.
As long as you actually want to solve the problem, you will solve it. It’s inevitable. It’s just going to take some time.
I’m praying for you.
Why would you get an animal when you can barely take care of yourself and your children? 🤯
@@Tammy-e8c my kids are grown I’m an empty nester
I’m 36 and I moved back in with my parents to get my 20k debt down and to save for a house. It feels like you’re in a deep dark hole with a pinhole of light. My car is paid off thank goodness. I also have a communications degree. I’m terrified that I will never own a home or be able to save enough. We need to be easier on ourselves. Give ourselves some grace. I feel that depression creeping in the background. We can make this happen for us. Keep going don’t give up.
@@lizalee6666 haha I’m not in a deep dark hole
Every person I've ever met in debt blames their parents, like they had absolutely no agency in their own demise.
That’s strange. I know that my parents didn’t really teach me about money but I spent the money to give me 200,000. I wish they had just taught me about loans and debt and especially student loans and interest rates and what I was gonna do to me long-term. Especially since my mom had student loans, but I was a child, you know
@@RachelOnRepeat…why do I get the impression that even if your parents DID teach you about debt & interest & loans you would push back and ignore any advice they gave?? 🤔🤔🤔 ….Oh! Yeah! 🧐, at 41 you’re STILL blowing off advice from people who tell how you can turn this problem around but you don’t want to do the work & sacrifice needed to accomplish that goal.
@@boatsie I don’t think so. I think if they had given me a solid foundation, would I make mistake still, yes I’m human but I think it would’ve given us an open path to have conversations with each other where I could run financial decisions, especially big ones I was gonna make with them and I would feel comfortable to not be judged and they are just providing input out of love and respect. But because there was never any conversations had as a parent to a child/teenager. There’s never been an open door or an open path to have these conversations with them so it’s led to me having to make a lot of choices in the moment due to circumstances that I’ve been in because of my divorce because I’m a single mom because I’ve had to figure it out on my own since I’ve been 18. I’m not coming on the Internet, saying I’m perfect because I’m far from perfect. But I do think that it would be nice to have an open line of communication. Unfortunately, my parents have always judged me and made me feel like the black sheep because I’m a teen mom because I had my kids at wedlock and made a lot of stupid decisions which I talked about in my recent video trying to overcome being the black sheep trying to overcome being the outsider of my immediate family. Instead, I should’ve waited until I was mature to make a lot of the financial choices that I made because they would’ve come from a place that I need to do this for me, because I want the approval of people that I’ll probably never get the approval of
@@boatsieyou get that impression because you’re not interested in helping anyone, you just want to point your finger, assign blame, and/or laugh at people. No one should take you seriously.
Also, assuming you know what a person would do in a hypothetical situation just screams “I think I’m smarter than everyone.”
Get a life dude.
That’s because most people with financial struggles were not raised to have financial discipline by their parents. Almost everything you do as an adult has something to do with the way you were raised
After all, it is your parents’ responsibility to teach you all the things you need to survive and thrive in this world. If you had terrible parents (or no parents at all) of course you’re going to struggle most of your life because instead of learning and being guided a mentor, you now have to learn everything the hard way.
I'm 45 now. I married at age 16, had my first child at 18 and worked, husband and I worked different shifts. Had 4 children by age 25 and stayed a working mom. I went back to college at age 37, employer paid majority of it, no loans. Paid cash for kids to go through college, last kid still a sophomore in college. It's doable, but lots of commitments on both husband and wife part.
I definitely didn’t set myself up for success in life at a early age because I married a narcissist, but I didn’t know about narcissism when I was a teenager getting married.
Two words. Dave Ramsey. Seek help from him and his team’s advice. You can do this. It’s not going to be easy, but all things are possible. ❤
Thank you Leann!
Better yet, Caleb Hammer!
@@TheVikingblonde who is Caleb? I’ve never heard of him.
@TheRachelShow he's on UA-cam, he's young and has a fresher look into debt and finances.
@@TheVikingblonde thank you! I’ll have to look him up
I need to report you to DAVE RAMSEY!!! This is a behavior problem on your part. Kids “joy” can wait until you’re not BROKE!!
Yeah, I guess I’m a terrible mom
@@RachelOnRepeatno you’re not. You’re just living and learning like everyone else in this God Forsaken planet. Don’t beat yourself up.
Hate when people play victim. I can tell you that you’d be a better mom if you taught your kids that “joy” doesn’t require blowing a budget. The best gift you can give your kids is to teach them how to manage money so they aren’t in your position when they’re your age.
Everyone is broke because everyone is living outside of their means. Its simple math, dont spend more than you make. Hopefully you figure it out and at least have something saved for when you retire.
Yep that’s why everyone is broke you’re a genius. Maybe you can now solve for world hunger
People go into medical debt because they spend more than they make? L take
@@trollharder102medical debt doesnt ruin you like consumer debt. Different rules.
Everything costs a lot of money. Shoes, teeth, lunches, school stuff, gas, toothpaste, lights, heat…..it goes on and on. When you break up a family, costs go up. Always Worse for the female. And in the past 25 yrs, People start off with backwards priorities. (Like why did she get a dog?). Pets cost a ton of money. Especially if they get sick….$2k for two day illness in a pet hopsital. Decisions like this, prevent any hope of retirement savings or current stability. She is looking for the easy button with you tune. (I cant blame her bc being a single broke mom would suck). And really hope it works for her.
Appreciate your honesty and candor. Your situation is like most people. Don't beat yourself up. The key is to look at your situation, know you want to change and make small steps. You're student loans will take some time but interest is not crazy on those. You want to attack the credit cards. Once you get those paid off you'll free up tons of income so you can save and not get back into CC debt.
Thank you Jon for being so kind 😁 I’m getting a plan together
I'm the other way around I was in debt all through my 20’s and 30’s. I'm 41 now and I'm debt-free have good credit and a good savings account! My only son just turned 21 so I no longer pay child support. I'm single so I don't have to spend money on a hubby and I own my vehicle so no monthly car payments for me. Life is good 😊
That’s amazing
Hi Rachel : ) Dont worry be happy everything will be alright in time just have faith ...If there is life there is hope and be greatfull for the life you have and for the people who love you : ) I'm also 42 years old single and broke but I always try to stay positive in my life even when people around me try to bring me down, coz I know in time I will be on top...
Thank you so much Jeanmarc! I totally agree it just takes time and sometimes I am impatient and want to be debt free right now
I love the editing and raw honesty of this video, chin up!
Yay! Thank you!
Awesome editing ! Really brought the video to life. First time ever seeing your stuff.
Thank you so much, Jonas. I work really hard at figuring out UA-cam and social media. It ain’t easy but it is fulfilling.
❤ Virginia ❤ I dropped out of college 04. One of the BEST decision I've made. Despite all my elders telling me it's the worst move. Back then my intuition 😌 was telling me something was wrong, but I couldn't understand why. Now, getting ready to enter my 40s, I'm in a healthy financial situation. Yes, with a degree I could earn 30k or more but the peace of mind 😌 makes me feel different.
So thank you for sharing 💕 ☺️
It made me feel like sharing .
@@cutthechicken194 that is so awesome. I am truly happy for you.
I was in debt ($106k) with a mortgage on a condo (paid $71k in 1996), a car loan and credit card balances when I was 38 years old (in 2005). I forced myself onto a strict budget and did overtime whenever it was offered using all the OT pay to pay off debts. I was debt-free, owned my condo and car outright just before my 50th birthdate and never carried a credit card balance again.
@@Adinkydude 🥇
So its been 10 yrs since you graduated… you should have had a pretty good job.. couple of promotions by now… what went wrong? Paid off at least 25% of the loans…. You blame others a lot though. Maybe thats the problem. You are waiting for a savior to come save you.
@@desertrose00 I’ve been a single mom paying child support for my kids that ate up a lot of my extra income I could’ve used to pay off any debt
Wow a woman paying child support ,am i on the right planet!!!
A woman paying child support for her kids, that’s all I needed to hear. I see the problem.
Many women pay child support? And even more are the sole provider for their whole family while the man left them to do his own thing. What planet are YOU living on? Incel Reddit forums??
I really don't think student loans should ever be forgiven. I think it is fair to get the interest on the loan forgiven, but the principle should never be forgiven. If you borrow money you have to pay it back. There are no freebies in life. It is not fair to expect tax payers to pay off your loan. Also, there are so many people who have already paid off their student loan through taking on multiple jobs and hard work. It is not fair to them either..
I will never understand why ppl are against student loan forgiveness knowing good and well that public figures and politicians get loan forgiveness and get off the hook all the time. I guess people are okay when it comes to the wealthy getting forgiveness but not the average citizen
@@RachelOnRepeat This proves u dont get it,just because they are pathetic ........... finish the sentence if u have any brains at all!
@@RachelOnRepeatMaybe it’s has something to do with tax payers paying for your mistakes? Why the hell should we have to pay for your stupidity?
Thank you for your honesty in this video. I think a lot of people with benefit from your experience. You got this 💕
Thank you so much 😊
I have never seen a single mom, who wasn't broke.
Exactly!
I was once - but not broke. I am very self motivated to not get myself in debt. I watched my parents misuse credit & arguing over money. I never wanted that for my life.
Funny,but true.
J K Rowling ?
Why not move your discover balance to the truist card - STOP using the discover card, focus on paying off/down the truist card, and let your children (and others) know no birthday or Christmas purchases for a while - if you are 41 they are old enough (early 20s?) to understand. It’s a slog, but, once you start and KEEP focusing on paying it down, it gets easier. Good luck. Once paid off, switch back to the discover card, pay it off IN FULL each month and use the card to your benefit - the cash back builds effortlessly as long as you ALWAYS pay in full each month. Discipline is the key.
@@TheFatesLieutenant I haven’t used my credit cards in a couple of years now. And since this video I moved my Discover balance to a 21 month 0% credit card. 🫶🏻
My kid joined the Navy to pay for college. His sister went to community college. We live on Social Security and small pensions. We buy only food and needs.
Tina, Al's wife
Wow that’s amazing about your son and daughter
I wrote this saying for a charity movie in my retirement 5 years ago.
" LIFE IS MESSY AND PEOPLE ARE COMPLICTED." We have to accept that life never stays good or bad forever. We get a coldor flue, our job is downsized, our relatives cause us problems and the car acts up too. even at age 65 with all the financial issues are looking good the health declines and complications arise with medical issues. Enjoy the sunny days because life will consistently blow a sorm your way.
Amen!
One thing most our parents taught us, is how to let credit card companies take advantage of us.
My parents taught me nothing about money or finances
@@RachelOnRepeatBut you have a degree in Accounting & Finance. You should’ve learned the fundamentals at this point. Maybe your parents failed you in teaching you the basics, but you have had the time & resources to teach yourself.
@@Michelle-lc3jy I wish I had the time see I’ve been a single mom for the last 14 years and when I was going to school, I had four classes two part-time jobs and two kids to take care of so no I haven’t really had a time I’ve been living in fight or flight until probably 2024, so my mind really hasn’t been on teaching myself this even though I know it is a basic life skill, but I just have been so overwhelmed and overloaded and mentally and emotionally not to mention being divorced from a narcissist that you have to share kids with comes with so much trauma and abuse that I have had to endure
@@Michelle-lc3jyYou’d be surprised at how little college actually teaches you to apply the material and skills you’ve learned to the real world.
Having the degree in and of itself doesn’t guarantee shit. Especially when you factor in things like…oh idk…being a fallible being? (Human)
Seriously,what an idiot!
It’s hard to be vulnerable 🫣😬
I subscribed for the cleaning shorts - I was not expecting good sit down videos too. Such a great topic to be transparent with, thank you for sharing. I am excited to see your journey! Sending you all the good vibes, much love
@@ktlynne_01 thank you so much,Katelynne 💕
Unfortunately, none of us knew about student loans. Trust me, we ALL want to have out loans forgiven, we were ALL 'defrauded'. We just all need to do our part to pay off our loans, not just hope or rely on something/someone.
I’m hoping for forgiveness or bankruptcy either way is good with me
OK. I do not care about your history. The only thing I will need to know is how are your finances now, how much are you bringing in now, today and that means everything? The thing is you can combine all your debt's into a one payment plan. I have calculated that over ten years you can pay, each month, only around $810.53 a month. You will have to work your backside off, but, you will get there. Cut your credit card up while you are in the bank to sort out your finances. Only take out cash or pay with a debt card. You have to be accountable for your finances. Go to your bank NOW to sort out your finances, NOW!
Wow such great advice. Thank you! ☺️
The last 2 years for me have absolutely sucked financially. At the end of 2021 I had a pretty decent amount in checking & savings, well in 2022 I took a job offer in another state that turned out to be fraudulent costing me to lose thousands & thousands of dollars from moving expenses & car repairs that came about because of the move, I still have yet to recover from it. I tried to sue the company involved with no luck, I was lucky on one hand because I was able to go back to my old job, what sucks about that though is that my old job is in Southern California where the cost of living is pretty much you need to make at least $250k annually to live comfortably. America is a place right now that just seems to be forcing everyone into deep debt like your being thrown into the deep part of the pacific ocean with no life jacket...
OMG what a heart wrenching story. I’m so glad you were able to go back to your old job. Yes I totally agree to live in most any major city you have to be making a pretty penny. It’s despicable.
Also trying to pay off my credit cards! Hang in there! You got this❤
Thank you so much LS! You can do this! 💪🏻☺️
You don’t want a second job because you want to spend time with your dog? I’m so confused
Seems like you got the point though
She’s lazy
@@andrephillips7764totes always 😂
@@andrephillips7764Laziness doesn’t exist.
You weren't defrauded. Pay your debt.
Take agency for your adult decisions. If you think this way then maybe we shouldn't let people vote till 24. Your logic is not good.
Pay back what you took from tax base.
I will take agency by checking into bankruptcy
@TheRachelShow I appreciate your kindness and openness with your videos. It is just upsetting that so many people have made choices like you have and now these debts are having to be reconciled by our tax money. I paid my debts, I wish you would to.
Unrelated but I used to work in High Point. I am in a ton of debt, so you're definitely not alone. Cheering you on ❤
@@jodyeaster7145 thank you so much. I used to work in Greensboro. We were that far apart from each other.
It is okay to ask around if anyone in neighborhood got extra uncook food that they can give away when you ask. I did this and found that ppl are usually generous to help. And this act alone helped me to paid off 80 percent of my debt. But when I tell my friends who also struggled financially , they said they couldn’t do it because this is shameful. I really think it is not. It is very important not to have debt for a healthy mind.
@@BeigeBrownClip-jd2pv ain’t no shame my game I used to get food stamps for a years handouts is to go to food pantries
Sounds like an entitled lib?!
How bold to say some bs behind a no name no picture account 😂
@@RachelOnRepeat Well u do sound like a left wing nut job
@@RachelOnRepeat What does calling you an entitled lib have to do with having a profile picture or not?
Good reply .... Just because you are in debt doesn't mean you need to take ba from some random stranger.. Which might be a loser in life@@RachelOnRepeat
Good luck to you Rachel on the debt pay off. I'd also like tp take a moment to give you your flowers on your editing skills. Great video.
Thank you so much Jay 😁🫶🏼
I was feeling sorry for you until you mentioned dog😊
@@kamsavesmoney lol
lol seriously..I can understand kids happening unexpectedly but a dog is completely optional. Dogs aren’t cheap either to properly care for them. I feel our culture really encourages people to own a dog or cat even when they can’t afford them.
Nothing wrong being pet free….get a goldfish lol
That's a modern woman for you. Now she's on youtube trying to get sympathy.
Only a few minutes in and all I’m hearing is a lot of excuses. “Frontal lobe wasn’t developed, I was basically a single mom, I was tricked into college and didn’t understand what it meant,” and the beginning when you said “I can’t blame my parents anymore” like you’re 42? You’ve been an adult for 24 years, you can’t blame them for your own adult decisions. All I’m hearing is a lot of shifting the blame to anyone or anything besides yourself.
I'm allowed to share my back story. Like it make sense to share about the past which led up to the present.
Your video popped up and here I am. I actually watched! New subscribers!😊
@@ms.v3307 welcome Ms. V ☺️
No nail salons,no eye lashes ,no starbucks,no outside meals. Control yourself. Accounting and Finance?!. "During that few years".... it's During those few years.
Oh my gosh, she went by the commercials and didn't think things throughly.
"Frontal lobe wasn't developed".
She doesnt seem very bright. Caleb Hammer has a you tube channel helping people like her
😂😂
Single mom in huge debt in their 40s are wild.
Thanks for the recap of the video
You look like a very sweet and kind person, and I wish you all the best, I really do. Unfortunately, many of the choices we make in life have consequences and this is one of them. It's just that taking 2 bachelor's degrees in almost the same subject, getting multiple loans... as an accounting student, I think you should have known better.
@@LT-dr9rp yes totally!
You got this girl. Just getting started is the hardest part. Don’t be too tough on yourself for things you could’ve done different. You did the best you could at that time in your life.❤
@@bridgetmitchell2925 thank you so much for your words of encouragement and your positivity. It’s definitely hard to start and it’s also hard to be this vulnerable sharing this on the Internet, but I’m hoping that you know it makes at least one person feel like they’re not alone.
Don't worry about it just keep Grinding and Save money Aggressively and prayers
Thank you!
God wasn't telling you to go to that university. Society marketed that idea to you much like algorithms are doing today with younger generations. Strangely enough your frontal lobe was much more adapted to be a mother than it was to go into debt slavery. Being a parent comes naturally. Learning the nuance of how student loans, interest, compounding and the racket universities and banks have been playing with one another on the public does not come naturally. Even really well educated people get completely blind sided by this and somehow become convinced that having children is more problematic and expensive than burying themselves into the many types of debts being marketed to us at all times. Think of it this way. There are people consistently trying to sell you something. You are your dollars are an asset to them and a liability for your self.
@@lorenmerluzzo thanks for stopping by
Don’t get discouraged just live on beans and rice and pay off that credit card and student debt. Pay everything as you go and never interest except for a home. Definitely harder with 2 kids and a single mom but can be done! Should be able to make over 100k with accounting
But one shouldn’t have to live off of beans and rice in order to make it in this worldJ
A lot of people are in a simmilar situation to yours, so you're definitely not alone! just that 99% of people would be too embarrassed to share and I'm sure they appreciate hearing from you to realize that they are not alone.
That is exactly why I shared. This spurred me to start sharing my financial freedom journey here. I’ve now saved up $5,300 in my HYSA and paid my credit cards down to $8,500 and so much more
You think you have a degree in accounting? Don't you think it's important to know if you do or dont?
@@fazotakeiteasy I do I have two degrees in accounting
@@RachelOnRepeat I hope you kept the receipts - get a refund because you clearly learned nothing.
What kind of jobs were you offered w a new accounting degree? Was the work & pay what you expected? How has your work changed over the years? Did you get to enjoy pay raises as you gained more experience? Was it worth it?
I was able to finally get into commercial banking on the corporate side after going back for my second bachelors degree
You 'think' your degree is in accounting. Does anyone else find that a little strange. I can 100% tell you what my undergraduate and graduate degrees are in....Just my 2 cents
@@mparis58 😂😂😂
Sorry about your financial situation but all of the unnecessary edits make this video damn near unwatchable. Your audience are most likely adults so why not just speak normally without this trendy ADHD inducing effects on ur video
When making this comment you hadn’t even stopped to think what if I have ADHD. Guess not. If you don’t like someone you can simply skip and move on without commenting something rude. Hope you have a great day
I feel so bad for women that fall for the college scam. Poor lady.
@@LadyOneKC yeah I wish I had gone to the trades but I felt like I would have more paycheck security if I went to corporate route. I’ve been laid off twice in the last 7 years.
People need to learn to live within their means, drop the sense of self entitlement, and take responsibility for either choices.
I honestly love being entitled 😂
Well no she did not have the outcomes she needed to avoid debt. But remember when looking a median numbers she is not the only one in that situation.
You're only 41/42. You've got time to change your financial path. I think it would be a good idea to stop using credit cards and only buy with cash. Set up an emergency fund and then evaluate how you can increase your income substantially so you can start paying off that incredible debt.
Such great suggestions I haven’t used my credit card in probably two years and I already have 1000 saved it into an emergency fund. I would like a few thousand more like 3 to 4 more brand in there just so that way I can prepare myself better in case of emergency.
@@RachelOnRepeat I think you're doing awesome!!!
Thank you! I'm trying my best. Learning as I go.
One second into the video, I’m commenting now: Single mom, decided to leave her husband because she was “unhappy” (and felt like it). Likely the words like “trauma” and “journey” are thrown around a lot and in the end…pat pat, you go Queen.
Hopefully my prediction isn’t true and I’m proven wrong.
Actually, you know nothing because I got a text in the middle of the night while my husband was on a two week work trip that he didn’t love me anymore and that he wanted to get a divorce after he had cheated on me while I was pregnant with her second child I feel like it was best for my mental health and my children’s mental health and emotional well-being to exit the relationship considering he texted me that he didn’t love me and he wanted to divorce and I didn’t have a choice
@@RachelOnRepeat I’m sorry that happened to you. I hope you find someone new.
The interest on credit cards these days are ridiculous.Basically 30%. Most people don't realize how much interest they are paying. I purchased a $2k TV on a Best Buy credit card. The deal was no interest for the first 24 months. If I didn't pay off the $2k in 24 months the lump sum interest would be $700. I think it's a good deal as long as you pay it off on time. Seeing the interest as a lump sum can motivate you to pay it off faster.
@@TheMoneyMakingMentor I agree! After this video I moved some of my higher interest credit card debt over to a 0% card for the next 21 months and I’ve already paid $1,200 off on that card so far.
We are in the top 3-5% of earners in US. Our 1 TV was bought 10 years ago. We pay our credit cards off monthly. We have a $950 mortgage. Business pays our truck payment. We don’t eat out much… I would never buy a $2k tv, wtf..
I see videos like this and thank my younger self who was smart enough at 18 to realize he didn't know what the f he was doing in life and joined the Army. I was lazy and did terrible in school, and didn't see the food industry I was working in as a future. I retired a few years ago and with my degree I acquired from WGU and I am currently making six figures and have a pension. Never in my wildest dreams as kid who grew up in a family that was barely getting did I imagine I would have a near seven figure net worth. She could have joined the Army after divorce, had a lot of Soldiers who did this, and she would be nearing retirement now with little student loans as the military would paid most of them and getting ready to live her best life. I feel her pain about UofP, I made the mistake of attending AMU for six months in early 2000s and realized early it was not going to be worth anything near what I was paying for it.
Are you ok!!!getting a dog when deep in debt
@@kamsavesmoney I’m fine. Are you okay?
@@RachelOnRepeat Why aren't you taking accountability for your terrible decisions in life?
University of Phoenix is great: my husband completed his BS in International marketing. Years later, he is finishing his PhD in Psychology in another University. But Phoenix is a great option for someone who's working.
I’m so glad you had a positive experience unfortunately I didn’t
Pay attention ladies...this is the fate of most "strong, independent" women. It took her until 42 yrs old to take any responsibility for the wrong choices she has made in her life.
@@norrisheckwine7439 😂😂 I went through a horrible divorce and was abused for about 10 years post my divorce so this is the first full year I’ve NOT lived in survival mode and am able to actually take control of my life. I’ve known about my poor choices but I couldn’t do much of anything about it because I was just simply trying to survive each and everyday. Waking up with dread and doom is not a life that I want for anyone.
I'm 44 and independent and doing quite well financially and otherwise. Using one person's misfortunes as an indicator for a giant demographic is just ridiculous.
She is still not really taking responsibility.
I’m 50yrs old, no debt, my $450,000.00 house is paid for and I have a networth of $600,000.00
🍪
Do you want a sticker?
Dog treat.@@CarFreeKC
Oh boy. That is overwhelming. Deep breath! I would definitely go bare bones for a while, to get the momentum going on paying down the debt. Could you switch job, for a better paying one? Or pick up door dash or something, where you can bring your dog? Do you have anything you could sell?
I have a series going on my page. I’m making payments
lol the title made me feel better about my life ! Thanks Rachel 😂 good luck , wake up -
😄😊
im rooting for you
Thank you so much 😁
@@RachelOnRepeatyou look like my grandmother 👵
Look, all that's done is done, teaching your kids exactly what not to do and why is your main purpose. I teach my girls that if they can't pay for their own rent, lights , car note, insurance, maintenance and your own grocery bill do not open them legs to someone that can't take care of themselves plus you don't know who this boy is going to become. Your college, set up a payment plan and forget about it? Pay your other bills down and get married for partnership, love and two income's? Budget your money for the rest of your life and pay into retirement if you can.
@@arthursmith5409 thank you so much for your positivity
You can't be that broke if you have a roof over your head! I live in my SUV (by choice) because I am paying off my student loans. My education got me to where I am today with a job that pays me well over 6-figures (combined $200k), but I am in debt and currently paying that off. I am single and don't have any credit card debts, other than my car payments and student loans. You are probably thinking if I make $200K per annum, why I am living in my SUV? Well, as a travel nurse, I bounce from place to place, so having a permanent residence wouldn't make sense in my case. My student loan is like the sword of Damocles hanging over my head, and if I don't keep up with my payments, my credit may be at risk. I didn't qualify for the student loan forgiveness, but then again, I don't care --- I only have $50k remaining and I make $5k payments a month. I have a bachelor's and master's degrees from Boston Univ and MCPHS. I work as a travel nurse and have busted my butt to get where I am today, and all you can do is make a video and complain about drowning in debt! Colleges/Universities like University of Phoenix is a school for profit, and not sure if those types of "online" school can really help a student get far, in terms of a career path. First rule of holes: if you are in one, stop digging. Secondly, get to work! Get 3 jobs if you have to. I currently work 2 jobs as a nurse and I pick up as much OT as I can. Sorry for sounding mean, but our country is so broken and if Tangerine gets back into the white house, it will be a disaster. I hope you figure things out on your end! Good luck!
You’re so right!
@@RachelOnRepeat I understand the challenges that many of us face today. With corrupt politicians and laws becoming more strict from finance to healthcare. I am not sure what the bankruptcy laws are now a days but that can set a person in even more problems. Perhaps try to look for a job that offers public service loan forgiveness after x amount of years? State and federal jobs are a good place to start with. Secure positions with excellent benefits. Today's politicians are corrupt and they only make laws that benefit themselves to become richer, giving the wealthy huge tax breaks, and we, the working class have to suffer. I hope you get yourself out of debt, and I hope you can qualify for the public service loan forgiveness. Even though I didn't get it, I am glad to see other people get it, as it can really lift people out of poverty. BEST WISHES, and GOOD LUCK!
@@RachelOnRepeatI understand the challenges that many of us face today. With corrupt politicians and laws becoming more strict from finance to healthcare. I am not sure what the bankruptcy laws are now a days but that can set a person in even more problems. Perhaps try to look for a job that offers public service loan forgiveness after x amount of years of service and making minimum payments? State and federal jobs are a good place to start with. Secure positions with excellent benefits. I know a few people who have 10+ years of public service w/ the feds and state, and may minimum payments towards their federal student loans, and have been forgiven via PSLF. Today's politicians are corrupt and they only make laws that benefit themselves to become richer, giving the wealthy huge tax breaks, and we, the working class have to suffer. I hope you get yourself out of debt, and I hope you can qualify for the public service loan forgiveness someday. Even though I didn't get it, I am glad to see other people get it, as it can really lift people out of poverty. BEST WISHES, and GOOD LUCK!
Amen!!
With the rate of inflation since the current administration took office we are all sinking
Everyone and I mean everyone (including people in this comment section) has a sad story.
yes so true I'm just choosing to be brave and share mine 💕
Don’t give up. You’ll get there.
Thank you so much for the motivation 😊🫶🏻
TLDR: My frontal lobe wasn't developed at 20 so I'm broke at 40.
Of course I skipped the years of trauma and abuse I went through by my exhusband that kept my emotionally and mentally unwell to the point I wanted to kill myself to escape to be free from the narcissistic abuse. I lived in survival mode for the last 14 yrs. Now I’m finally mentally and emotionally healed and ready to tackle my life head on. There is a lot I have story time videos about this stuff on my page and some stuff I’ve never talked about because it’s the past and I just really want to move on. I can’t change the past all I can do is learn, heal, and move forward
Everyone shouts Dave Ramsey but I read Mary Hunts debt proof living before I ever heard of him. Being your an accountant of sorts I think you’ll love her. The book is pretty cheap on eBay.
I’ve never even heard of Mary. I will definitely check her out.
I’ll check her out. I like the money guys.
University of Phoenix. Enough said. I've had many friends go to that place and regret it, also having mountains of debt. There's many UA-cam videos of HR people who say that resumes with diplomas from that institution are ignored. It is more of a resume stain than anything else. I've never worked in the HR field.
Exactly why I ended up going back to school and racked up more debt. I’ve spent 2+ years waiting on debt forgiveness for UoP student debt under the Borrower Defense Program. Who knows if they will forgive the debt
@@RachelOnRepeat I wish you the best of luck! There's a few medical assisting schools, massage therapy schools, etc. in my town that have been closed down due to their exorbitant costs, extremely low graduation rates, and even lower rates of students finding employment in their fields. To the point where those schools weren't even eligible for the student loan program. FWIW, I got a B.S. degree in electrical engineering, emphasizing CPU design. I graduated in 2002 (worked full time, college at night for the entire degree). 2002 was the height of the tech bubble burst - no jobs at any company anywhere in the world. I've never even worked 1 day in that industry.
You need to go on Financial Audit
What’s that?
@@RachelOnRepeat Caleb Hammer, does it on UA-cam
I only know one person whose college degree actually turned them into a million bucks and he chose dentistry. I know more people with millions of dollars that didn’t go to four year institutions. College for most people is a sham if you don’t have legit definitive plan.
That’s crazy
Why didn’t you buy Bitcoin? Not like you were too young to buy it 10+ years ago.
I don’t know anything about bitcoin
@@RachelOnRepeat In 2024? Why not? It’s 15 year old revolutionary technology that anyone with an internet connection can access!
When you realize credit card interest is 25-30% then that hole is hard to get out of. Living within your means does not include funding a lifestyle with credit cards.
Like duh! When you realize that some of us have had no other choice but to use our credit cards. To buy food or gas or other essentials
@@RachelOnRepeat It’s that mindset that keeps people in debt forever.
If you were a man I would tell you to get into the trades, bunch of Overtime and good paying jobs ! Getting into nursing and working 12 hour shifts will get you back on track ! I’m working a lot right now trying to get ahead because I know good times don’t last forever !
Ain’t that the truth good times will come and go
You’re not alone, we understand
I’m so glad I’m not alone. I used to feel like I was the only one
Have you ever watched any of Dave Ramsey’s videos? Maybe his Financial Peace University program could be of help.
Yes I have very aware of his methods
@@RachelOnRepeatYou don’t have to buy the entire show..just work the plan.
Dave Ramsey is an idiot,taking money from other idiots!