Stop telling medical professionals to just pick up a second job. Fatigue can lead to mistakes and strikes against their licenses. Yes, they are in a mess, but putting themselves and their careers in a potentially dangerous situation isn't always the answer.
Agreed. Picking up a couple of extra shifts is completely reasonable, but if you overextend yourself too much and a patient dies because of a medication error it can destroy your career/life. Getting out of debt quickly isn't worth a multi-million dollar lawsuit, losing your heathcare license, and possible jail time. The risk benefit ratio is not worth it when a path to debt-free life is still completely possible with those incomes.
Sounds like you’re burnt out. If you are I would strongly encourage to change floors/hospitals/ or go part time. I do agree with this statement, but here’s my take. I left my hospital to do travel nursing. I love it now and I’m not burnout. At my other hospital I would NEVER pick up an extra shift or work four in a row. Now that I am at a better job I am now currently looking to see where I could pick up an extra shift every now and again. I’m on step 4/5/6 so I am trying to pay my house of quicker. NURSE LIFE FOR LIFE!
@@Nursemidratz I am a nurse, yes. I never lived beyond my means. The only debt we had was a mortgage. No CC bills ( paid them off every month) student loans or car payments and I still got burned out just working my normal hours. The scary part is that I didn’t recognize burn out until it was almost too late. I also worked with nurses who took all the OT shifts AND had a second job. They were always tired. I not only left that floor, I left the bedside and I am the happiest I’ve ever been. When people are in a financial mess like this couple, their focus will become the money and they may not notice when they are not safe until it’s too late.
Dave needs to quit telling pharmacist to put up extra hours an ER as that takes a pgy1-2 residency. Also picking up extra hours is ok but working like maniacs especially in this environment is unsafe and can put your license at risk. Ask me how I know? I work in high volume retail filling up to 900 per day. With all the shots and test makes work very very stressful. And the amount of errors I see are ridiculous. Putting our license at risk. He doesn’t need to be putting his license at risk like that.
@@djrx2 YES they are! Here in tampa they are desperate for Rphs. No one wants to work in a crazy environment putting their license on the line and having to clean up a mess. I won’t say the company I work for however, it’s the worst in terms of pay rate too. Very underpaid.
Shout out to all of the pharmacists out there! This was the route that I originally intended to take, but ended up going to dental school instead... still wondering if I made a mistake smh.
@@tezh5897 idk hard to say. I know the median salary of DMDs are like 165k and you guys aren’t in a saturation like we are. But also I know a lot of DMDs with 500k in debt too…
They come to Dave for a reason. They dont come to you for your financial advice. The medical error is this debt/income ratio these people have. I thought people worried more able this work/life balance myth more. If your finances are in order, Im pretty sure your medical errors at work would be nonexistent. It is not like he talking about forever. More hours to him could be a different story compared to you. All Dave gave was his advice and the man either take it or not.
I liked John's comment about debt and how old the kids are. It made me think about my parents and how they had debt, albeit it not a ton, until I was in my 30s. I finished paying everything off when my oldest child was six. I don't know for sure but I like to think that my parents saw me do that and jumped on the bandwagon. Now they're 100% done with everything and they've never been prouder or happier. Just goes to show that debt can be a generational practice until someone breaks the chain (aka changing the family tree). Life is good!
UPMC is infamous in the Pittsburgh area for their low wages. They also are a "non profit" who owns more real estate than anyone else in Allegheny County and the property taxes for the rest of us are high because of it.
The car debt always fascinates me. I’ve been debt-free for a few years now I still drive a car that’s worth about seven grand, lol. I can’t imagine spending 50 grand on a car and I can afford it. Good luck
@Austin Duke I understand. I have a 2007 Toyota Solara convertible the model with all the bells and whistles. At the time it was a top of the line luxury experience, now it pales in comparison lol. Still fun to drive but the KBB is 7K (give or take). I think you can get decent comfort for lower cost but the user experience will be lacking in an older model.
I was a "car guy," and didn't have any of this knowledge. I was happy to finance corvettes and camaros (my cars of choice). I have so many regrets and think about what I would have now had I invested those monthly car payments all those years. Those cars where INSANELY expensive when I think about it in those terms.
This is absolute insanity. 250k in student loan debt and 52k in car loan debt. Why can't people exercise any self-control and not give into the societal pressures of appearances? I'm a multimillionaire millennial early retiree and drive a 2010 used Toyota Corolla paid in cash. I feel sorry for people like this.
They weren't messing around getting into debt! A quarter of a million in loans, a couple of cars on loans, several kids. It's like they were working hard to get to bankruptcy. It's good that they're going to change course and resolve these issues. It will make a world of difference for their future and their kids' futures.
This is why I am working for a debt relief company, I was surprised to hear most of our clients are college educated. I guess this caller is one of the most typical guy.
This guy's life sucks. All that debt and with two babies who cost alot too. He will have to work two full time jobs for five years to get them out of debt. I am assuming the nurse wife will watch the kids
If we have pharmacists and registered nurses graduating in this country and they don't understand loan repayments and return on investment calculations, we have a serious problem in our education system.
there is definitely an education within our school system. Financial literacy isnt taught anywhere near a school lol. Most people are taught by doing their own research and teaching themselves.
My first question is why does his wife owe 35K on a car when she’s bringing in 50K. I get together they make 200K but how much was that car? That was way too expensive. What if he’s unable to work for whatever reasons.
Because as a married couple you budget for a household and not individual salaries. The car in question as a pregnant spouse is more than likely a van not some luxury sedan. And reliable vans are exactly a cheap vehicle. But let’s throw out the specifics of what the car is or isn’t and focus only on each persons salary. $35K is a lot compared to a $50K salary (again married irs household to me) but let’s just flip the cars around and say he has the $35K car. And let’s say he lost his job. Does that change the actual financial effect in any of this if his income went away simply because he drove the more expensive vehicle? Nope. They’d still be up a creek. So the price of the vehicle compared to the individual wpouse salary really means nill because whoever drives the thing they still need both the incomes.
Most pharmacists in retail work 12 hours shifts, 3-4 days a week. There are contract pharmacists who will come in and cover things like vacations, sick days, etc. That's where this caller can pick up 1-2 days per week. I'm guessing the wife's car is a new minivan. She is not going to give that up nor would I expect her to. Trying to cram three car seats into a sedan becomes a safety issue. Even a lot of the SUVs don't have adequate hard points for the car seat hook ups. Daycare for three kids is going to take nearly half her salary. Basically, she is going to work to pay daycare and the car for the next 3-4 years. No discussion of refinancing options on those student loans. Knocking a few percentage points off the interest rate would save thousands in this case.
Refinancing? The game is to pay it off, preferably before you have a child. They shouldn't feel comfort about this stupid mistake. You're just making excuses for the mother like most people. This is reason why most people are in debt; Justification.
My guess is they couldn't get a decent mortgage to buy a house and that made them realize the debt problem. It's not even the cars but the student loans. It's also way harder with the kids because kids add a huge amount of cost to a person's life. I doubt they can get out as fast as Dave says but if he works hard and she gets maybe a job she can do from home that pays better they can definitely make it work. Agree though it won't be easy.
It's both of their cars though. If there was no kids involved I could see a point but odds are the husband drives a sedan because he's mostly driving for himself and they bought a minivan for her to drive the kids.
On 3/16 I was listening to NPR and there was a story of a gentleman who was, I believe a pharmacist, but anyway, his tremendous debt was put on hold due to pandemic. He was relieved because he could put money to other things in life. Now he was full of anxiety again because he soon will have to resume payments. He went on to explain that (he got married) they needed a bigger car and they purchased a bigger home because there is another (!) kid on the way. This maddened me like nuts. Why go for a bigger car, bigger house and bigger family if you know that you have a loan to be paid off? Should I feel sorry for this dude now?
I found that it's really weird and hard to believe when seeing someone with good education and with a great job, but doesn't know how to take care of their own financial.
Most of us grew up watching our parents work two jobs and living paycheck to paycheck. Also financial literacy isn’t taught in schools. So yea it’s understandable when someone with a great career is clueless when it comes to managing their money.
This is like saying a lawyer should know everything a doctor knows about medicine. Both are intelligent people but have a different skill set. Managing your finances is a skill, like everything else in life. It must be intentionally developed and practiced to see results. Most people did not have this skill taught to them and likely picked up bad financial habits early on in life. Unfortunately, this leads to costly mistakes in adulthood. The key is to acknowledge this weakness and seek to develop good financial habits. This is the whole mission of Dave Ramsey's Financial Peace University.
@@stefancoban59 agreed. Just saying that he has plenty of shifts available to him and we are so short staffed they will offer time and a half plus bonus. If he works retail, he can also work remotely checking scripts too which is less stressful. So glad I paid my student loans off before the pandemic. Its a mad house in the pharmacy world and i would hate picking up extra shifts.
@@lastminutefishing i would either look into prn in patient pharmacy if you already have a retail gig. My local hosp does minimum two 8hr shifts/month. I also work for a large corporate retail chain. If your district is short staffed like mine, ask your DL for a laptop so you can check rxs for other stores remotely.
She’s a nurse for an orthopedic surgeon and only makes $50k…? Um…I’m a nurse in Oklahoma and make much more than that…not even as a traveler. Think she needs to move around to boost her income to make that shovel even bigger!
Pretty common to make a low salary like that as a nurse in states like Florida. Not everywhere values nurses as much as they are actually worth, unfortunately.
@@McMurica I actually work with a nurse who relocated here from Florida. Makes more as an RN here and pays hundreds less in rent. Depressing how underpaid Florida nurses are!
I think we can agree wife's car ain't likely getting sold lol. These young people need to hustle and pay off this debt but KEEP hustling after that to focus on a house purchase. I'm a firm believer in home ownership and no one can dissuade me from that position.
Very similar story to us (profession, time since graduation, HH income, debt$) except we attacked our loans immediately after graduation. Glad to see this is the situation we avoided!
Selling the car is only a viable solution when you're talking to a couple who has a relatively low income, crazy debt and crazy car situation. These people make money. If they sell the car, they will have to buy a junker and then save and pay cash for the same kinda car. Theres a lot of money wasted there in all those transfers
And the correct expression is not "me and my wife". It is "my wife and I." He needs remedial grammar. I do not tend to say mean things like this on the internet, but he grates on he. He sounds like an absolute rube, and he seems to revel in it.
@@darex0827 Agree they should sell both cars and drive two card around $10k each until debt is gone. My guess she's not on board for that. Also when he pulls into the pharmacy parking lot with a Honda instead of whatever people will talk.
I don't see the point moving from a 35k car down to whatever they buy instead (10k) when they make 200k. Just get aggressive and pay the car off imo. Their cars are worth ~25% of their income.
Funny thing is, America has so much debt and it doesn't seem to stop us from being the most powerful nation on earth. Debt is ok if you know how to use it to your advantage. Question everything!
It's great advice but just note that. I went bananas. And im burned out now dealing with anxiety and low energy levels.... so yeah. Go for it, but do it with wisdom while listening to your body.
Man as a single guy I can easily live on 18k a year. Why don’t they simply live on 40k or less a year and pay it all off in 2 years that way. Doing that and picking up some extra shifts on the husbands part they’ll be out of it so fast. I personally think they could live on less than 36k a year and be fine.
I don't understand why Deloney always plays the Aw shucks southerner. Every other word is y'all. Does this make Dave happy? I have lived in numerous southern states, and people who are speaking professionally do not speak like that. He needs to act more professional. He also regularly shames people. BE A PROFESSIONAL.
So, he should be working more. Sell the wife car. She should be a stay at home temporarily to avoid daycare cost, but see if she can do something remotely.
I'm so glad I don't have student loan debt anymore. I never will apply for any student loans ever again!!🎉🎉🎉 It's like carrying a ton of bricks on your shoulders...
lol no....If I'm on a plane and someone yells "Is there a doc here"? I want a REAL doc, not someone who took courses to clean teeth or put my medication together
Wow I’ve watched a lot of these but this just became my last one. I’ve never heard such blatant cruelty towards a working pregnant mother of a baby. And if Dave didn’t speak up when he did the narrative would have continued towards her working more which is impossible and unhealthy. I mean the evil laughs towards the woman… man I’m done watching this circus. Amazing you bring your faith into this bc I don’t believe God would look kindly on this attack on this woman’s wife.
Students should protest by collectively refusing to pay back these student loans which is based on highly inflated costs that enrich the schools and make students indentured servants.
I dont understand why they have to sell a car when making 200k a year. They can pay off everything just fine without making the wife drive a used car and without eating only rice and beans. If he wants to sell a car, sell his own....and let the wife and new born ride in the new car.
@@user-rw8zj1td9v I understand...but what is an extra year or two of payments, if it means you can drive and eat what you want right now? Even if his rent is 2k a month....that is 24k a year, and you still have 175k left to pay other bills. They probably already have the money in the bank to pay off the car, but didnt because on low interest rates. Dave is telling him to sell because Dave believes that we should only drive car after he is done with them.....until you reach his financial status. But this is just his way......but it isnt the only way. If it were me...I'd drive the used, and let the family stay in the new. I dont view cars as assets...so they dont depreciate in my eyes. Depreciation is something only used car salesmen should think about.
I agree 100%. Dave just has this obsession with trying to get out of debt in an unrealistically short time period. These people just have to learn to like a normal avg couple and they can throw 70-80K a year at debt. The problem is they've been spending like crazy
I submitted my final student loan payment today. Paid off $41,368 in six months. Didn't really eat that many rice and beans tho.
Well done!!
Congrats. I'm proud of you
Congrats! Out of curiosity, what degree/job did you have? I'm in the same boat of paying off loans and it's nice to hear success stories
Congratulations 🎊🎈
Great job
Stop telling medical professionals to just pick up a second job. Fatigue can lead to mistakes and strikes against their licenses. Yes, they are in a mess, but putting themselves and their careers in a potentially dangerous situation isn't always the answer.
Agreed. Picking up a couple of extra shifts is completely reasonable, but if you overextend yourself too much and a patient dies because of a medication error it can destroy your career/life. Getting out of debt quickly isn't worth a multi-million dollar lawsuit, losing your heathcare license, and possible jail time. The risk benefit ratio is not worth it when a path to debt-free life is still completely possible with those incomes.
I don’t think they need to work more.
I think they do need to eat at home and
Stop all extra spending
That's the Dave Ramsey plan, eat noodles and beans ride a bicycle deliver the news paper and on your way to becoming a millionaire any Day now.
Sounds like you’re burnt out. If you are I would strongly encourage to change floors/hospitals/ or go part time. I do agree with this statement, but here’s my take. I left my hospital to do travel nursing. I love it now and I’m not burnout. At my other hospital I would NEVER pick up an extra shift or work four in a row. Now that I am at a better job I am now currently looking to see where I could pick up an extra shift every now and again. I’m on step 4/5/6 so I am trying to pay my house of quicker. NURSE LIFE FOR LIFE!
@@Nursemidratz I am a nurse, yes. I never lived beyond my means. The only debt we had was a mortgage. No CC bills ( paid them off every month) student loans or car payments and I still got burned out just working my normal hours. The scary part is that I didn’t recognize burn out until it was almost too late. I also worked with nurses who took all the OT shifts AND had a second job. They were always tired.
I not only left that floor, I left the bedside and I am the happiest I’ve ever been.
When people are in a financial mess like this couple, their focus will become the money and they may not notice when they are not safe until it’s too late.
Just paid off my truck and am now debt free! Paid off $28,641 in 10 months and 17 days. Thanks Dave!
Dave needs to quit telling pharmacist to put up extra hours an ER as that takes a pgy1-2 residency. Also picking up extra hours is ok but working like maniacs especially in this environment is unsafe and can put your license at risk. Ask me how I know? I work in high volume retail filling up to 900 per day. With all the shots and test makes work very very stressful. And the amount of errors I see are ridiculous. Putting our license at risk. He doesn’t need to be putting his license at risk like that.
Agree. RpH here. ~600 volume store.
Edit: Rph’s are quitting left and right. Stores are closing because no RpH available to work.
@@djrx2 YES they are! Here in tampa they are desperate for Rphs. No one wants to work in a crazy environment putting their license on the line and having to clean up a mess. I won’t say the company I work for however, it’s the worst in terms of pay rate too. Very underpaid.
Shout out to all of the pharmacists out there! This was the route that I originally intended to take, but ended up going to dental school instead... still wondering if I made a mistake smh.
@@tezh5897 idk hard to say. I know the median salary of DMDs are like 165k and you guys aren’t in a saturation like we are. But also I know a lot of DMDs with 500k in debt too…
They come to Dave for a reason. They dont come to you for your financial advice. The medical error is this debt/income ratio these people have. I thought people worried more able this work/life balance myth more. If your finances are in order, Im pretty sure your medical errors at work would be nonexistent. It is not like he talking about forever. More hours to him could be a different story compared to you. All Dave gave was his advice and the man either take it or not.
I liked John's comment about debt and how old the kids are. It made me think about my parents and how they had debt, albeit it not a ton, until I was in my 30s. I finished paying everything off when my oldest child was six. I don't know for sure but I like to think that my parents saw me do that and jumped on the bandwagon. Now they're 100% done with everything and they've never been prouder or happier. Just goes to show that debt can be a generational practice until someone breaks the chain (aka changing the family tree). Life is good!
Yup.
Dave is right $50000 a year for a registered nurse is low
Depends how many hours she works
Probably part time nurse. The one I know made over 100k a year.
UPMC is infamous in the Pittsburgh area for their low wages. They also are a "non profit" who owns more real estate than anyone else in Allegheny County and the property taxes for the rest of us are high because of it.
@@cancel.lgbtq.6892 yeah she probably just works part time with all those kids.... beans and rice
Unless she works in states like Alabama, Mississippi etc. Here in Alabama starting $25 ...
The car debt always fascinates me. I’ve been debt-free for a few years now I still drive a car that’s worth about seven grand, lol. I can’t imagine spending 50 grand on a car and I can afford it. Good luck
@Austin Duke I understand. I have a 2007 Toyota Solara convertible the model with all the bells and whistles. At the time it was a top of the line luxury experience, now it pales in comparison lol. Still fun to drive but the KBB is 7K (give or take). I think you can get decent comfort for lower cost but the user experience will be lacking in an older model.
I was a "car guy," and didn't have any of this knowledge. I was happy to finance corvettes and camaros (my cars of choice). I have so many regrets and think about what I would have now had I invested those monthly car payments all those years. Those cars where INSANELY expensive when I think about it in those terms.
I make as much as him and my most expensive car so far has been $20k used. Still never had a new car yet in my life!
Same here.....
To me it is all about ratio, if my liquid is $500K it is ok to buy that $50K car. But being in debt and goes further into car debit is just not smart.
Cranking out kids with a quarter of a mil student debt.......wow
Even if he was a Physician, this wouldn't be okay.
This is absolute insanity. 250k in student loan debt and 52k in car loan debt. Why can't people exercise any self-control and not give into the societal pressures of appearances? I'm a multimillionaire millennial early retiree and drive a 2010 used Toyota Corolla paid in cash. I feel sorry for people like this.
Selling peds?
Very true, Alex.
You shouldn't feel sorry for them. They made the decisions
Pretty much. I still drive a 2005 Chevy Colorado with 212k miles on it..... 2wd crew cab and it gets 28 mpgs on the highway
Ah, another internet-millionaire.
They weren't messing around getting into debt! A quarter of a million in loans, a couple of cars on loans, several kids. It's like they were working hard to get to bankruptcy. It's good that they're going to change course and resolve these issues. It will make a world of difference for their future and their kids' futures.
This is why I am working for a debt relief company, I was surprised to hear most of our clients are college educated. I guess this caller is one of the most typical guy.
Still need to convince the wife. She seems high maintenance.
This guy's life sucks. All that debt and with two babies who cost alot too. He will have to work two full time jobs for five years to get them out of debt. I am assuming the nurse wife will watch the kids
Goal this year is to pay at least 25K of my student loans. I’m going to eat my rice and beans.
Beans and rice
If we have pharmacists and registered nurses graduating in this country and they don't understand loan repayments and return on investment calculations, we have a serious problem in our education system.
there is definitely an education within our school system. Financial literacy isnt taught anywhere near a school lol. Most people are taught by doing their own research and teaching themselves.
My first question is why does his wife owe 35K on a car when she’s bringing in 50K. I get together they make 200K but how much was that car? That was way too expensive. What if he’s unable to work for whatever reasons.
I think he said she is pregnant but the car is too expensive for her salary.
Because as a married couple you budget for a household and not individual salaries. The car in question as a pregnant spouse is more than likely a van not some luxury sedan. And reliable vans are exactly a cheap vehicle. But let’s throw out the specifics of what the car is or isn’t and focus only on each persons salary. $35K is a lot compared to a $50K salary (again married irs household to me) but let’s just flip the cars around and say he has the $35K car. And let’s say he lost his job. Does that change the actual financial effect in any of this if his income went away simply because he drove the more expensive vehicle? Nope. They’d still be up a creek. So the price of the vehicle compared to the individual wpouse salary really means nill because whoever drives the thing they still need both the incomes.
Most pharmacists in retail work 12 hours shifts, 3-4 days a week. There are contract pharmacists who will come in and cover things like vacations, sick days, etc. That's where this caller can pick up 1-2 days per week.
I'm guessing the wife's car is a new minivan. She is not going to give that up nor would I expect her to. Trying to cram three car seats into a sedan becomes a safety issue. Even a lot of the SUVs don't have adequate hard points for the car seat hook ups. Daycare for three kids is going to take nearly half her salary. Basically, she is going to work to pay daycare and the car for the next 3-4 years.
No discussion of refinancing options on those student loans. Knocking a few percentage points off the interest rate would save thousands in this case.
Refinancing? The game is to pay it off, preferably before you have a child. They shouldn't feel comfort about this stupid mistake. You're just making excuses for the mother like most people. This is reason why most people are in debt; Justification.
I never understand having back to back to back kids while in that much debt. One can be an oopsie, but three??
Wife had to keep him around.
My guess is they couldn't get a decent mortgage to buy a house and that made them realize the debt problem. It's not even the cars but the student loans. It's also way harder with the kids because kids add a huge amount of cost to a person's life. I doubt they can get out as fast as Dave says but if he works hard and she gets maybe a job she can do from home that pays better they can definitely make it work. Agree though it won't be easy.
True, Kevin. This is why I made it a priority not to get into this situation in life.
Man makes 150 but drives a car that costs 17
Wife makes 50k but drives a car double the price of his.
Bruh... 🤦🏿♂️🤦🏿♂️🤦🏿♂️
Total setup!
It's both of their cars though. If there was no kids involved I could see a point but odds are the husband drives a sedan because he's mostly driving for himself and they bought a minivan for her to drive the kids.
@@TigerkemThat's nice and all but still financially reckless. It's not wise to have kids while in debt anyway...
All for happy wife happy life😂😂😂
Wifey probably not gonna like the idea of selling her car. She might throw a fist or two.
If she throws a fit then throw her a couple fist
They offered my son 2,000 what he paid. She better get out now
his wife doesn't need to drive a $40k car .
On 3/16 I was listening to NPR and there was a story of a gentleman who was, I believe a pharmacist, but anyway, his tremendous debt was put on hold due to pandemic. He was relieved because he could put money to other things in life. Now he was full of anxiety again because he soon will have to resume payments. He went on to explain that (he got married) they needed a bigger car and they purchased a bigger home because there is another (!) kid on the way. This maddened me like nuts. Why go for a bigger car, bigger house and bigger family if you know that you have a loan to be paid off? Should I feel sorry for this dude now?
As beautiful as it is to have children, I think this couple made a mistake having a second baby with all that debt.
I found that it's really weird and hard to believe when seeing someone with good education and with a great job, but doesn't know how to take care of their own financial.
That's because Personal Finance is a behavioral equation and not a math equation.
I see smart overweight people all the time - same thing.
Most of us grew up watching our parents work two jobs and living paycheck to paycheck. Also financial literacy isn’t taught in schools. So yea it’s understandable when someone with a great career is clueless when it comes to managing their money.
Not surprising at all. Educated does not equate to being financially literate.
This is like saying a lawyer should know everything a doctor knows about medicine. Both are intelligent people but have a different skill set. Managing your finances is a skill, like everything else in life. It must be intentionally developed and practiced to see results. Most people did not have this skill taught to them and likely picked up bad financial habits early on in life. Unfortunately, this leads to costly mistakes in adulthood. The key is to acknowledge this weakness and seek to develop good financial habits. This is the whole mission of Dave Ramsey's Financial Peace University.
A common theme I’ve notice is that when they have huge debt, decide to have kids before they can manage their finances first…
Humans
Entitlement factor in 1st world country.
I’ll never understand going into so much debt for a car.
@Lordeverfall100 Yeah This generation has become the, "Look at me generation". What a legacy to leave behind lol
Sell the wife and kids. Start fresh
"Are yall ready?"
Dave: "She's not" hahahahaha
he is ready, but the wife who owe 35K on her car is not
Always the wife..
Lol, Dave just said “half-assed” on air. That’s surprising but really funny to me!
I was thinking the same thing lol 😂
Factssss
Once the second kid drop his wife is going to decide she wants to be a stay at home mom...
Lol exactly
He can pick up 100 hrs a week right now if he wanted. I'm a pharmacist too.
But it's not worth it. 100h weeks would not be good for his health and wellbeing.
@@stefancoban59 agreed. Just saying that he has plenty of shifts available to him and we are so short staffed they will offer time and a half plus bonus. If he works retail, he can also work remotely checking scripts too which is less stressful. So glad I paid my student loans off before the pandemic. Its a mad house in the pharmacy world and i would hate picking up extra shifts.
@@christeee ok. I get what u'r saying
@@lastminutefishing i would either look into prn in patient pharmacy if you already have a retail gig. My local hosp does minimum two 8hr shifts/month. I also work for a large corporate retail chain. If your district is short staffed like mine, ask your DL for a laptop so you can check rxs for other stores remotely.
I don’t want my pharmacist working 100 hrs a week filling my prescription .
She’s a nurse for an orthopedic surgeon and only makes $50k…? Um…I’m a nurse in Oklahoma and make much more than that…not even as a traveler. Think she needs to move around to boost her income to make that shovel even bigger!
She’s probably working part time with having a 2 year old
Pretty common to make a low salary like that as a nurse in states like Florida. Not everywhere values nurses as much as they are actually worth, unfortunately.
@@McMurica I actually work with a nurse who relocated here from Florida. Makes more as an RN here and pays hundreds less in rent. Depressing how underpaid Florida nurses are!
Clinics doesn’t make that much as the hospital I made 60k as a nurse
I think we can agree wife's car ain't likely getting sold lol. These young people need to hustle and pay off this debt but KEEP hustling after that to focus on a house purchase. I'm a firm believer in home ownership and no one can dissuade me from that position.
Why he called that man "darling"🤣🤣🤣
No one is addressing the real problem of why is college soooo expensive ?
Very similar story to us (profession, time since graduation, HH income, debt$) except we attacked our loans immediately after graduation. Glad to see this is the situation we avoided!
She's not selling the car, and she's going to want to be a stay at home mom. And probably home school next.
I’m surprised she’s only making 50k a year. Unless she works part time or she’s an LPN. Nurses make bank.
He did say she was pregnant, so I'm assuming she doing less time in the OR.
Not where I’m from
No they don’t I made 60k for years people are misinformed
You can do it. Y'all got this!!!
She is not on board.
Will not happen.
I wish overtime was that easy to pick up. We need more OT options. It’s not for everybody but it’s great to have it available.
Selling the car is only a viable solution when you're talking to a couple who has a relatively low income, crazy debt and crazy car situation. These people make money. If they sell the car, they will have to buy a junker and then save and pay cash for the same kinda car. Theres a lot of money wasted there in all those transfers
How much do they pay for rent?
Hi from Pittsburgh too!
And the correct expression is not "me and my wife". It is "my wife and I." He needs remedial grammar. I do not tend to say mean things like this on the internet, but he grates on he. He sounds like an absolute rube, and he seems to revel in it.
So much student loans! Thank goodness they have a decent income.
Hey Dave, I paid off my 129K in student loan debt!!!
Dave. I’m confused when you say they have a good shovel. Shovels dig holes, which is what they created. What they need is a ladder. Correct ?
No brag call here. Lifestyle creep. Of course the wife makes a third and has double the car. Wedded bless.
The amount owed was said, he never mentioned the value of the car.
@@darex0827 he said his loans was for $17k hers was $35k
@@djpuplex loan, not value of car. He may be driving a 100K Porsche with 17K left on the loan. Who knows.
@@darex0827 Agree they should sell both cars and drive two card around $10k each until debt is gone. My guess she's not on board for that. Also when he pulls into the pharmacy parking lot with a Honda instead of whatever people will talk.
The husband also had something to do with making a third.
I don't see the point moving from a 35k car down to whatever they buy instead (10k) when they make 200k. Just get aggressive and pay the car off imo. Their cars are worth ~25% of their income.
I don't know about you guys but rice and beans are delicious!
Funny thing is, America has so much debt and it doesn't seem to stop us from being the most powerful nation on earth. Debt is ok if you know how to use it to your advantage. Question everything!
The debt is not a big deal so long they major in something useful
It's great advice but just note that. I went bananas. And im burned out now dealing with anxiety and low energy levels.... so yeah. Go for it, but do it with wisdom while listening to your body.
Having kids with that debt is stupid why did they do it?
Does it cost that much to be a pharmacist. Non MD
How do u eat an elephant?
One bite at a time
Man as a single guy I can easily live on 18k a year. Why don’t they simply live on 40k or less a year and pay it all off in 2 years that way. Doing that and picking up some extra shifts on the husbands part they’ll be out of it so fast.
I personally think they could live on less than 36k a year and be fine.
The past tense of drag is dragged, not drug.
in ghetto areas it is drug
This shouldn't take them long to clean up as long as they're on the same page.
Something telling me, they wont be on the same page.
I’m sure she will be okay selling the car. To buy a new SUV for the kids incoming.
We make $200K a year, how do we pay off student loans? I swear, how do some of these callers graduate being this clueless?
I don't understand why Deloney always plays the Aw shucks southerner. Every other word is y'all. Does this make Dave happy? I have lived in numerous southern states, and people who are speaking professionally do not speak like that. He needs to act more professional. He also regularly shames people. BE A PROFESSIONAL.
“Errr”
They will eat out more and more debt it gets
I would love to sell this Ramsay guy a reverse mortgage
Four years to pay debt damn that is a long time for real
Their advice applies to all aspects of living a good life
So, he should be working more. Sell the wife car. She should be a stay at home temporarily to avoid daycare cost, but see if she can do something remotely.
I'm so glad I don't have student loan debt anymore. I never will apply for any student loans ever again!!🎉🎉🎉 It's like carrying a ton of bricks on your shoulders...
Is a household income of 140k with 125k of student loans considered a good shovel?
50 k is not low for a nurse lol they really do not know in Florida that’s the norm 60,000 is the norm too maybe that’s her take home pay
"good to see you" euh...
Sell the cars problem solved.
John is weird
The cars aren't the problem.
“Are you a doctor” yes, a pharmacist is a doctor. A physician is a doctor. A dentist is a doctor…
lol no....If I'm on a plane and someone yells "Is there a doc here"? I want a REAL doc, not someone who took courses to clean teeth or put my medication together
Yall are down to just rice...no beans. RICE RICE RICE
That’s just insane debt
Why are they buying such expensive cars
Work crazy hours to double your income. Sell your car: Debt slave.
Wow I’ve watched a lot of these but this just became my last one. I’ve never heard such blatant cruelty towards a working pregnant mother of a baby. And if Dave didn’t speak up when he did the narrative would have continued towards her working more which is impossible and unhealthy. I mean the evil laughs towards the woman… man I’m done watching this circus. Amazing you bring your faith into this bc I don’t believe God would look kindly on this attack on this woman’s wife.
I have no debt and I still drives Toyota Camry 2012. I paid 5k cash. Now I see it worth 12k. Not selling it. Car drives like new money 💵
Orthopedic nurse only making $50k?
Nothing to see here …
Continue on with your $7 Coffee. 💸
Where are these extra jobs and shifts that you all speak of?😮😂
Probably bought a Tesla online. lol
If you sell your car how do you get to work. We’re kind of getting ridiculous here.
Why doesn’t he apply for a PSLF wavier and have his loans forgiven? His wife should be able to have her loans forgiven too
You know the chances or the odds of having your student loans be forgiven.
So have the taxpayers pay off their chosen debt, so that they can keep their income for themselves?
50K, she must be a medical assistant I am guessing.
That's insulting AF.
Horrible parenting advice
Who watches this scammer guy? OMG 🤦♂️🤦♂️🤦♂️🤦♂️
They need to atone for their sins
Students should protest by collectively refusing to pay back these student loans which is based on highly inflated costs that enrich the schools and make students indentured servants.
😎👍✌🖖👌🤓
I dont understand why they have to sell a car when making 200k a year. They can pay off everything just fine without making the wife drive a used car and without eating only rice and beans. If he wants to sell a car, sell his own....and let the wife and new born ride in the new car.
Because the student loans are massive....you're gonna need every bit of income to knock that out...
Eww a used car. As if.
@@user-rw8zj1td9v I understand...but what is an extra year or two of payments, if it means you can drive and eat what you want right now? Even if his rent is 2k a month....that is 24k a year, and you still have 175k left to pay other bills. They probably already have the money in the bank to pay off the car, but didnt because on low interest rates. Dave is telling him to sell because Dave believes that we should only drive car after he is done with them.....until you reach his financial status. But this is just his way......but it isnt the only way. If it were me...I'd drive the used, and let the family stay in the new. I dont view cars as assets...so they dont depreciate in my eyes. Depreciation is something only used car salesmen should think about.
I agree 100%. Dave just has this obsession with trying to get out of debt in an unrealistically short time period. These people just have to learn to like a normal avg couple and they can throw 70-80K a year at debt. The problem is they've been spending like crazy
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