Tell The Government To Stop It - Dave Ramsey Rant
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- Опубліковано 23 лип 2017
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I have $494.08 left on my student loan and will be paying it off next month in August of 2017 and I am so excited! After that, the car payment that will be paid off in 2018 and I can't wait to become DEBT FREE!
Did everything go according to plan?
This video should be run on every single TV channel tonight! Amen!
Also tell the government to stop giving taxpayer handouts to Wall Street and Corporations
Dave I'm so thankful I stumbled across your videos a few years ago.
I just went to Germany and did my studies there, learned a new language, got to experience a different culture AND didn't get debt in the process. It baffles me that Americans are so reluctant to leave the USA bubble. And I can see it at the University here every day, there are lots of foreigners here from all around the world: Mexico, Ecuador, China, Nepal, France, Colombia, Russia... pretty much all of them, but not America
No student loans for me. Paid cash for my tuition. Almost done with my bachelors. I am so grateful for all I have learned and experienced. Had to scrape by financially, but it wasn't so bad. You just gotta Act Broke! ;)
Didn't slow me down. Started in Fall 2014. I was able to live at home for a good chunk and I have worked part/full time 5/6 semesters and overtime in the summers. I have paid 6 semesters with cash. Have 3 more left. Got my first PEL grant for the next two, but I would have been able to pay cash if I had to.
People need to shop around. I went to grad school and paid cash and was working low paid retail. Granted, I lived absolutely miserably and got some help from scholarships for my good grades, but the fact is it can be done. You can't live like this forever but you can do it when you're twenty something for four years.
People go into the military and eat constipation inducing MREs while pooping in a ditch and living in a tent while being shot at for years on end. You have to do what you have to do sometimes.
If I had been forced to get loans, the whole degree would have cost me about $20,000 for a job where people earn about $40,000 typically their first year. I could have just lived like I had for one more year and paid off the loan.
Parents are part of the problem. Most push their kids to attend college, even if they aren't suited for it. Some will attend anyways, unsure of what they want to do afterwards, take out student loans, and major in some worthless liberal arts field that doesn't qualify them for much if and when they graduate. And that's how you end up with a large population of debt-burdened, largely unskilled 20-somethings who are relegated to working the same menial jobs they could have taken without a degree. Parent think they're guiding their children in the right direction, but most are inadvertently pushing them off a cliff.
At times I think Dave Ramsey is the only voice of reason in this world!
Well. Government doesn't really care about our lives as individuals. If they can make a profit and create debt slaves then it's a win-win situation.
A win-win is when both parties are successful this is a Win-lose situation.Double win on their part.
Are you kidding me? The government makes a profit? NO! They spend on deficit on a huge scale with no care for financial responsibility. What they actually want is power and to take away our liberty in exchange for security.
Dave Ramsey is spot on. I took out $14,882 in Student Loans including my Master's degree. I bought my house 🏠 for $120,000. I have no credit card debt and am working on paying off my mortgage in 5 years. Trade Schools are a viable option. Plumbers, electricians, mechanics, etc.... make good money 💰.
Only 14K, nice!
a kid can make 100k plus just a few years after trade school after getting his plumbing license..no debt. that is what i did. i do not make 100k but i do ok.
Run for the Tennessee senate seat in 2020! Ramsify congress! lol
What we are hearing is the departure of wisdom from education: great brains, great opinions, but no wisdom.
German polka history always makes me laugh
Left Hand Puppetry is good too lol
German Polka History and Left Hand Puppetry are no jokes, they are crucial pillars of our society, just civil engineering and medicine.
"Creative Accounting, avoiding the IRS", "Creative Fact making in Journalism", "The Art of Proctology by Seemore Butts." LOL College is a real joke nowadays!
What I find interesting is that there is no prerequisites for starting your own business. There are plenty of people trying to get jobs and believe the only way for that is a degrees. Look at it the other way and try creating jobs. No education needed. Just a idea and a passion and a clear way of making that idea reality.
Ben Clark
An education is extremely important to be a business owner. However, that education does not need to come from college.
Ben Clark And Start-Up Capital...
Yes, but many business require less start up capital than a college degree.
Students take out extra and buy vacations and cars with the extra that the school refunds them. We need to make the schools automatically refund the extra back to the loan company. That would probably cut the problem in half.
I didn't do that. I went to GWU and got my Master's degree for $14,882. I also worked part-time during undergraduate studies and full-time during my Master's program. And my loans I paid back.
BryceJohnson88 that's actually a option you have to choose it
Mike Rowe should be a guest on the show someday!
My son refused to go into debt for his degree and he managed to graduate without debt. Then he got married to a wonderful young woman whose parents told her to go into debt to get a degree. So, even though he managed to avoid debt himself, now, as a young couple they are looking at paying back over $40,000 for her student loan debt. Very frustrating.
“For richer or poorer....”
Most of these kids go to college for the party life
My son got an associates degree in auto mechanics debt free. However, he was among the working poor. He went back to school and got an engineering degree with 23K in student loans. He netted out more in 6months than he grossed in a year as a mechanic. He also is on track to pay off his loans in 3 years.
I gave my daughter the Graduate Survival Guide, and it helped her to understand how much money she would have to pay back. Every parent and student should read this book!
I don't regret taking out $22k for my engineering degree. Going from making $12 an hour to $70k a year sure has ruined my life (obvious sarcasm).
Dustin good for you 🙌🏼🙌🏼 obviously engineering is not for everyone
Dave isn't against education but he believes in paying cash for educational expenses i.e. Work while attending school
Amen!
Poor German Polka History Majors! LOL
If I were to try to buy a car or house or even get a job, I might get turned down because I have a bad credit score. I got a student loan for 80k without a credit score. There's something fundamentally wrong with the system.
Thank you! I have been arguing this since the federal government began backing loans! Same thing happened with the housing collapse. Now it looks like we are going to be going from federally backed loans to "free" college.
That just means that instead of a person paying $150K for their college, which they could actually pay off, they will now be paying probably 50% or more of their income in taxes for the rest of their lives. Along with everyone else now forced to pay for everyone else.
Subsidization of Student Loans has driven up the cost. No different than subsidizing health care in certain instances has driven up the cost. When you subsidize something you create moral hazard in that area. The same thing happened in the Housing Market. :/
5 years ago in european countries like the uk, college was sponsored by the tax payer.
Kids came out of college debt free and contributed to the economy.
Now loans are going into default and the tax payer pays anyway, and you get kids who contribute less to the economy, the adult tax payer has less chance of their kids looking after them in retirement.
You don't have to do away with student loans entirely, just remove the safety net (federal insurance). The reason both student loans and costs of education are completely out of control is because there is no cost control, because the responsible parties (borrower, lender, institution) all know that the government will pick up the tab. Get the government out of the picture and universities will have to compete for lower costs, lenders will have to lend responsibly, borrowers will have to borrow responsibly, etc.
People need to stop looking at the government as this giant catch-all that's going to pay all your bills for you.
So how do we stop it? Honestly I wouldn't know where to begin to move in the direction of stopping student loans from being issued.
Just keeping the German polka history alive
For the most part, these loans are now directly owned by the government, not guaranteed by the government and owned by the bank...
I just laugh everytime he goes off.
Perhaps making something as simple as drivers license required and that the only class available before having a driver license would be driving class. Once you graduate that driving school, which enables you to get around town for jobs instead of paying insane dorm rent ($1000/person/month), you can stay in an apartment especially those next to campus that are $600/person/month and utilities included. Then you can drive a used cheap car with 6 figure mileage on it to get around town. Requiring a driver's license will make sure that once signed up for college, the young person is at least free to get around and not be trapped to campus with no job and living on borrowed money that will haunt them the moment that they graduate or simply fail to graduate. Then there is the other thing where is you are not able to do well in school, you would need to get yourself in educational shape before attending college.
Federal Reserve and your government loves it... who cares if they suffer?!
Dave...
Perhaps we should allow more generous refinancing rates for student loans.
the loans don't hunt students down and beat them over the head until they sign up for them... life is about choices even when you are a student... student loans are not destroying lives, the choices that were made while attending school have consequences.
Absolutely it needs to be stopped! And that's it Congress will do nothing, it's what they do best!!
and what about the $5 billion in student loans that are now non-collectible because the loan company lost the paperwork?
Gov't wants to slash the 385 billion in Medicaid with health care bill that covers mostly people with disabilities using waivers that include work related transportation to even get to work (not all people with disabilities are capable of being able to drive themselves) and such. But yet they won't do anything about the TRILLIONS of student loan debt, the cost of staff to come after borrowers, the web servers to host websites, the web developers, and other paraphernalia relating to getting students to borrow money. I have seen fellow coworkers and students take out a bunch of debt just to get purses and fancy vacations, not even being used for education. Colleges charge more knowing that students would just take out more loans, you know "heave a sigh and pay it".
Source for cost of medicaid: www.cbo.gov/topics/health-care
Here's some ideas:
Government stop creating new loans
Students stop borrowing money for school
go to a reasonably priced school
Go to instate schools
Learn something useful in the market
Work your way through college
Get scholarships
I agree with Dave on a lot of points here.
If they privatise the gains, shouldnt they privatise the losses?
what about regulations and taxes we pay to get educated
People should take a year off before going to college, travel, try out a business, train & improve money habits, research what work will be available in the future.
To get 100.000 in debt for 3000 dollars a month is not a good investment...
But some probably are. I payed 15 years for 20.000 and that was more than enough.
And i didnt really pay much intrest.
Cost has nothing to do with price.
Give loans to only those majors that are in demand. Plain and simple.
What ever happened to SAVING for your kids college ?!?
People care more about good money habits than status. Academic status is a lie.
I got no college education so I got no student loan...
people need to stop running up these loans that people do and end up in menial jobs.
Is it really "killing our children" if you just have to hunker down for a couple years to pay off student loans?
Bob Marley how many people hunker down do you think?
Not sure, but lots on on Daves show. How many are killed?
Bob Marley a lot are financially speaking dave is right
The tax payer pays anyway.
Student gets out without loans or with loans.
They boost the economy or they dont, they can save for their parents or they can't.
I wonder what Dave Ramsey Thinks about Recent 2019 Government Shutdown ??!? 🔥🔥🔥🔥🔥
0 dislikes and he said left popetry. Wow!
Our government does not look out for our wellbeing in most cases, they allow these student loans, they took entirely too long before coming out about cigarettes and lung cancer, and they are still dragging their feet about cows milk, eggs, and meat causing cancer. Money talks and that's all they care about.
Um you said $15000 towards the end. That was your error then you explained how she could purchase a $10000 vehicle for a second time and made her sound like she didn't understand you when you were the one that made the error not her.
11 dislikes, ah, they must like supporting big government.
Dere be 12 haters out dere now!
Engineers can't get jobs too, and that is considered a good degree.
Join the military. Great educational benefits.
I'll say it again, the answer is making student loans dischargable in bankrupcy. And no, bankrupcy is not a "free ride", it ruins your credit and by extension your life for 7 years, but at least 7 years is better than a lifetime of servitude to a system of lenders who solely set up these loans to indebt young people for life.
jcrowley1985 then people will take out loans they have no intention of paying - raising the interest rate for those who actually pay. You have the ability to not go to college, find a cheaper college, or save money before going. Not to mention, companies and the government offer debt-repayment schemes.
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