I Have To Go Into Debt... I Don't Have A Choice
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- Опубліковано 20 вер 2024
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As a 20 year old, I am fortunate that I’ve found this community so early on. I hustled all throughout high school, and applied to 80+ scholarships. I now have my BSN program all paid for and will be completely debt free when I graduate!
That is Awesome!!
Congratulations!
Wow, way to go!!! You worked hard and will be debt free while all your friends will be paying off their debt for years!!! It’s like a weight around your neck.
ABSOLUTELY AMAZING!!👏
You're awesome! I'm in high school and found this community early on too. My goal is to apply to at least 50 scholarships in the hopes that they will help pay for my tuition. I've applied to 5 so far, wish me luck! 🍀
I’m a RN, I chose a small community college and paid 2k a semester.. total 8k. My Bachelors I took online while working and cost me 7k. It does not matter where you graduate, I never been asked by employers. I do travel nursing in many hospitals and you can’t tell what school anyone went to. Don’t get loans and try to chose a cheap school then study hard when you’re in (we all take the same test at the end).
I was thinking why doesnt she just go to her local community college? Why doesnt she wanna go to Iowa? Too bad she choose ecology instead of nursing when she had the $
@@jasminesuarez8358 some community colleges have waitlist of a couple of years. These accelerated programs let you start right there and then. As a nursing student it’s extremely hard to get into some of these programs even if you do have a high GPA.
Same
@@nathanmai409 i mean if you're my nurse, I want you to have a high GPA too lol
I did my nursing the same way! It was a lot cheaper.
Dave is right about “debt”. I’m sick and tired of the monthly payments, i feel like I lost my freedom. I recently paid off 3 credit cards $5753, I have one debt remaining $6k to go and I will be completely free. Never again will I put myself in this mess!!!
You can do it!
You got this!
That’s great I’m right there with you. I’ve done debt wasn’t a fan
Same here, I paid off some credit cards and owe $7000 can't wait til I'm done. On track to be debt free by end of year
Live and learn. You've done good so far just keep at it. Good luck
"When you do your dream in the wrong way it becomes a nightmare"
That was a great sentence.
Do you mind if I put on tshirt
@@alexc5369 Dave said it not me
@@cookiesandpie4837 it's so true what he's saying. She had a cake walk when her grandparents and parents paid for her undergraduate
Lolol. Dude said “ooh”! 😂😂😂
I was considering taking a loan to finance a graduate degree. I heard the voice of the rational and saw the wall. Thanks, Dave and Chris!
Christopher Shank It’s a trap door if you think a graduate degree is worth 80k. I mean, technically it is over a lifetime, but you didn’t have to pay 80k. That’s entirely your fault, and there are plenty of people who get graduate degrees for way cheaper or go into so little debt it’s obviously worth it.
Good call. I’m only pursuing my graduate degree because most of it is paid for and I got a few scholarships to help pay for it all. Otherwise i wouldn’t had done it,
Christopher Shank Tackle those debts strategically and conquer financially. Rooting for you!!! 💪🏼
Depending on what degree you are getting you might need it to get a job either way it will most likely pay for itself
🤣
Problem is her 1st degree was free to her so she has no idea what financial struggle is for a 2nd bachelors.
I have never paid a dime for degree because I knew how to played with system.
She won’t get a Pell grant either even if her income qualifies her since she already has a degree.
Jin Nij ok, explain. Sounds like you know someone in the mafia, lol.
@@jinnij9721 👁️👄👁️ would you please explain this ? I'm interested in knowing how you played it u.u
Facts!!!
"You're not gonna like us. We teach people to not borrow money."
Except when buying a house for some reason...
Michael Blasius the biggest difference is that a house appreciates while cars and other things depreciate. Most people can’t buy a house with cash and would not listen to Dave anyways about a home loan. School loans and car loans and especially credit cards are just plain stupid.
@@michaelblasius7705 actually he teaches people to pay cash for a house, but he realizes that is not practical for all. and there are guidelines for getting a mortgage. he has told many people they are not financially ready to buy a home
@@sumobowler3790 , Buy a home, when the housing market crash, from savings as a down payment. When you buy a home at the height , like 2017 till now, you will lose money and your downpayment is eaten up by the falling market. Buy in 2022 in non judicial foreclosure state and end 2022 on judicial foreclosure state.
@@dumdumdugan1940 , Buying a house is also about timing, 2017 till now, u are going to lose your pants, 2022 probably the housing market crash. Buy low, whatever it is.
These two being the responsible father figures that so many lack when it comes to financial matters.
I paid my school loans off this year, I am 45..... Don’t fall for it!
Ok, so please share with us your wisdom. Now when you know a lot, what would you have done differently?
A L-J Oh me, me, me, I’ll answer-community college first, transfer to a state school. Join the military. Get an employer to pay. Get a marketable degree and the loans don’t even matter. Don’t live on campus and go in debt to live in a 300sqft room for years. Don’t pay for overpriced meal plans. I could keep going but I’m sure we all knew this, right? Riiiiight?
College is worth it. Assuming you’re not dumb.
BadMannerKorea Yep!! My husband did 2 years at a community college, then transferred to a major university and finished his bachelor’s degree. His loans were significantly less and we’re debt free at 30!!
Let’s just forget the advice of the person who’s net worth is 55 million dollars... I mean we all have that kind of money....
@@BadMannerKorea i agree with joining the military. Dropped out of college after my second year, joined the air force, paid my 50k debt after 4 years in the air force. Was an electrician in the air force, am out of the air force now and am in an electrician union making 35 dollars an hour plus benefits. Salary goes up to 50 dollars after 5-10 years experience too.and becoming a master electrician. And im getting my master's currently too for free part-time
I was a CNA for a couple of years while saving up to go to LVN school. I worked as an LVN while going to RN school and I worked as an RN before getting a bachelors in nursing. No student loans, no debt. It’s possible.
My journey too.. then went to grad school and took a loan still paying on it... never never again would I advise anyone to take Student Loans...
LPN-RN bridge programs are designed for people who are working as LPNs. Hence the name. That's entirely different than a second bachelor accelerated BSN program. Many of them require a commitment not to work while in the program. The fail rate in those cases is practically 💯
Me to!! But started CNA, 2 yr RN, Bachelors, Masters, Post masters... I’m done!! I think.. no student debt
Thanks for sharing LPN here in Tennessee working on pre reqs for my Associates RN at a community college. I started out as CNA.
Keith P submitted my LPN to RN bridge application in December.
I'm also trying to be a nurse with a bachelors already in hand. I discovered that going to my community college to get my associates in nursing is only 12k total!! I can cash flow it and it will only take one semester longer than accelerated bsn. Then I can get my bsn in 9 months, which many hospitals will pay for. Just an idea.
awesome Maria...you go girl!
👍
There's more BS in a BSN than most BSN nurses are willing to admit
But in all that time you could have earned 100k. Opportunity cost.
The good news about paying college in cash is tax credits!!!! You can collect $2500 tax credit per year for up to 4 years. If you need it for longer there is a $2000 tax credit which is good forever. You can't claim both, but it saves some money. Just make sure to keep your receipts for text books. You college should send you a form around tax time.
you guys are so good. we’ve been diggin out of our debt (student loans) for 10 years. young people, u have energy, no children and health. do it the hard way now so u can rest easy later in life.
Girlie, I hope you see my comment! I'm also in the medical field. I'm doing my masters in public health after a MD, full ride scholarship with a stipend. I'll basically be paid to study.
Listen, Patty, some hospitals will pay for your degree in nursing if you commit to working for them for a short while during and/or after. They are all over the internet begging for nurses. Search for one in your city, specially small towns in Iowa!!! You have plenty of time before September.
I was in college for about an year for IT. I was going through classes and felt like what's the point if I have to go in to debt to make money and have a good life. So I started to talk to people in the industry and asked them what do they look for when they are hiring which they said experience and knowledge. So I postponed college for about an year and took an low level entry job for fixing computers for minimum wage. That job gave me insight of the job market. Did bunch of It training and didn't go back to college. 20 years later now I'm making 6 figure salary in a Fortune 500 company. No Student Loans!!!
jealous herr
I respect Dave and Chris! I am so happy that he also mentioned the 32-year-old version of the current individual. That hit me! The story about the lady who had the sickly child and was unable to stay home with her child because of student loan debt also hit me hard.
I have met a RN who opted for a for-profit university here in California. He says it was the worst financial decision he’s ever made! Totaling in $110k student loan debt. 😳
I am working as a nurse assistant saving up to apply for a $8k RN program at a community college.
Thank you Dave and your team for this! It has definitely confirmed that I’m making the right choices.
Was it West Coast University?
@@abigailp.1252 My father graduated from West Coast University. He got a Master’s in Environmentl Science. Unfortunately, West Coast University went out of business years ago.
@@lisabaltzer4190 There are several around CA and they don't seem to be out of business.
@@abigailp.1252 Then they must have reopened or they were taken over by someone else. Around 1995, my nephew was going to West Coast University and he couldn’t finish his degree there because they closed down. I left California in 2003, so the I stand corrected. My father and nephew loved the school. I have no idea how it is now.
Caller "My parents & grandparents paid for my college and I live with my parents"... no wonder she needs help.
As someone who has paid into a 529 plan on a monthly basis for 7 years on behalf of my kids, I will one day make sure my kids are aware of the sacrifice that was made and the importance of getting the education piece right the first time. It's too important to get this right the first time, not use grad school as a way to course correct.
@Grimmy Rippy No, they absolutely should not have. Trying to predict what degrees are going to have the best ROI a minimum of 5 years down the line is a fool's errand. You simply don't know what that's going to be, a job that appears to pay well now may well see an oversupply of applicants several years down the road.
What's more, with a few exceptions, employers really don't care much about what your degree is in. Sure, for things like legal or medical work there may be licensing requirements that dictate what sort of education that applicant needs, but most jobs aren't like that.
I dont know what happened to the money she was saving living with her parents
@@SmallSpoonBrigade You could't be more right.
Here in the Philippines, the educational system is quite challenged. The consolation is student loans are not the norm.
My mom went back to school in the health field at the age of 50. She got a full scholarship from the Veteran's Administration including a stipend. In exchange, she worked for them for a year afterwards. New career after staying home with kids for 15 years and no debt.
I'm in nursing school, in an accelerated program, finishing up in a few weeks. We started with 50 students. Of the original 50, only 10 are still in my class. The other 40 either dropped out (majority) or are held back at least 1 term (about 10 or so people). No one who made it this far worked full time, and everyone who worked full time is either gone or held back significantly. Moral of the story: if you think you're going to work full time while in nursing school, you've got a huge percent chance of failing. This isn't some typical degree that you can study an hour or two per day and be fine.
Keith P thank you! I know a lot of people who suffered academically while in nursing school because they worked . Her best bet is to focus exclusively on her studies and when she graduates find a job quickly and attack her debt.
That's freakin' right. You can't work a full-time job and learn a career that is a 4-6 year degree in some countries in 18 months...
I’ve been a RN since 1987.
My full time job WAS nursing school!! No way could I have worked at anything besides STUDYING!! 😵💫 I hope she didn’t take that loan.
When I got accepted into the bachelors of nursing program, I had to sign a contract stating that I could not work while doing my clinicals.
That’s exactly why I couldn’t make nursing work. They make it so damn difficult!
I can’t afford not to work and nursing programs ask that you not work at all. Just stupid.
The reason college is so expensive is because the money is so easy to get via loan. If they made it hard they would have to lower tuition rates. Look at all the colleges there are now vs 30-40 yrs ago. It's because the money is so easy to get.
No, It is because of the ease of getting In and staying In.
The 70 IQ village idiot can get in ( and get a loan)
When I went to school: 10K applications, 4K acceptance, 1K freshman, 600 sophomores, 250 at graduation.
Top 10% of class, 3.0GPA, 1400 SAT
13 hour days, 6 days a week, mandatory summer sessions
soul crushing, psychologically damaging, mandatory flunking
drop once, flunk once, must pass or out.
First job, $100K/yr + $30K bonus
and no debt, a former alumnus asked if he could pay for my education,
I said yes.
It's not the degree, that makes money,
It's the high IQ
He makes more money because he has a degree.
No, he makes more money because he's very smart.
You’re right. As soon as federally funded loans were available and private loans were easy to obtain tuition rates skyrocketed.
You’re exactly right. And many young people have the mindset of “borrow all I need and worry about it later” and schools know that.
Absolutely!
Yup. You’ve hit the nail on the head.
She definitely could go to community college and get a RN, then get a BSN online. Nursing schools are everywhere and not really expensive.
Sam Jones yes, staying home another year going part time to school would be better
EXACTLY!!!
That is what I did for my business degree. It worked out handsomely for me
@@oneom001 , I did the business without a degree.
Accelerated nursing programs are 12-18 months. To complete an RN and then online BSN program would likely take 4 years. That's a huge opportunity cost of not just lost salary, but lost years of your life.
My mom went to college for nursing at 30 years old, and my parents took out students loans to pay for it....they are still paying off her loans. She is 50 now!!
Wow!!!!!!
😮
Some of the commenters here do not realize that the wage earnings do not catch up past daily living expenses until you are older. And you add a monthly out go for a $100k student loan debt it restricts you to the point of waiting until you are older and making that above average income to be able to start chucking away at that debt. That's without sacrificing and following the baby steps.
Offsets they high paying hr pay. Mind blowing right.
@@insideoutsideupsidedown2218 because ppl don't live on rice and beans. They live off of debt.nita the middle class lifestyle
DAVE: You’re not gonna like us
😂😂😂😂😂😂😂😂😂😂😂
Student loans are no joke. I sure hope this message reaches the youth.
My RN program is private and relatively expensive at 21k. With grants and scholarships it's 8k. She's paying too much!
Grant's and scholarships are need based. Why 99% of the folks dont get any? If this was the case, we wouldnt have 1.6 trillion dollars student loan debt crisis
Joshua guess you haven’t heard of all the scholarship money that has gone unclaimed. The problem isn’t lack of scholarships. The problem is the lack of motivation to find them and people not doing the proper research
@@dumdumdugan1940 I haven't because I was rejected by several because my parents made too much money. 50k a year is too much for a scholarship
MSN-FNP here just with less than 20k in loans, but i have paid it down to 7k now. She needs to get a CNA license, work prn and go to Nursing school, at least to get that 5k down to maybe 40k.
@@dumdumdugan1940 Just because it goes unclaimed, doesn't mean that it's available for a specific student. As a White man, I couldn't even apply for most of the scholarships and grants that were available. The ones that were available were incredibly competitive as they were open to everybody.
I’m a nurse, and Dave is RIGHT. I graduated with 50k loan, it can certainly be done it differently.
I'm a community college, 2 year ADN Registered Nurse. It cost 5k. I make 140k a year as a workers comp field case manager, I work from home. They work me like a rented mule, but my feet don't hurt.
DeathRowToDisneyWorld can you apply for a job like that without the degree you have???
Hi,
How much are you making now?
But how...
DeathRowToDisneyWorld Same. I got my ADN for 8K. What company do you work for making that much?!
Her first mistake was the fact that she had a bachelor's degree yet gets paid $15\h
^why you should only go to college if youre all in
Better than making $7/h
Apparently a bachelor's in Ecology doesn't put you into a high earning profession 😂 She learned her lesson though! I hope she enters that nursing program
This one hit home for me. I was planning to go to Grad school for physical therapy. I took a gap year out of fear to apply. Ended up getting my bills for my undergrad student loan. Reality hit. Now when I saw those programs for 70,000 a year the money seemed more real. I’m sooo glad God put the fear in me to not be too hasty.
So where do you end up working?
This was one of my favorite clips in a long time on the show. I started listing to Dave in about 2014. I had just graduated from university and I started to think what I should do with the money from my first "real" job. I had 42k in student loan debt and I made 24k at the time (I was only an intern and that went up significantly 2 years later). My wife made about 20k. Because I started listening to Dave, we were able to pay off our student loans in just under 2 years through deep sacrifice. Both of us made 10-12 bucks an hour the whole time too.
One thing that I like about Dave is that he believes in his viewers. He says "you can do this" and nowadays you hear people that want student loan forgiveness because they THINK they can't pay the loans off. All my friends that were dining out in restaurants, going on vacation, and having a great time despite having students loans would benefit from the loan forgiveness. I, however, would not get those 2 years of deep sacrifice back (which believe me were pretty much 2 years of lost life). Forgiveness punishes the people who lost life to do what pretty much everyone could do if they had discipline. We made income you could make at friggin Walmart at the time and still got it done. You can do it too!
I wish I would have discovered Dave before I got all that debt, but he helped me clean it up. Because of him, and our own hard work, she is now a stay at home mom and we have no debt. Thanks Dave!
When I worked for a hospital, they paid you to go to school and become a nurse...and then you had to work for them for a number of years. Might be an option?
She has lots of choices. She doesn't have to go to that school.
If she’s doing an accelerated program, she wants to acquire a nursing degree asap. There are backlogs and waiting list for nursing schools. Some schools up to 2 years and I have had students leave states for a quick acceptance.
@@nicolevicedo792 , Right. Some programs are in great demand.
Be prudent as you age.
John Moore Agreed! Nursing is just like any healthcare career path, in the realms of PA and MD/DO/NMD, it is now competitive and hard to get in.
@@nicolevicedo792 Wrong - she can get started at almost any community college. Here in little Sioux City, IA, we have two colleges and a community college offering nursing programs. The point is that she does not HAVE to go into debt. But I'm sure she won't listen.
I wish I had known about Dave in college before I got student loans. I was encouraged by my mom and my college to take them out... and I don’t use my degree. 90% of the time, college is a complete SCAM.
You can see the fear on their faces when they talk about debt. Not many people understand it's a trap. Got my mom struggling pretty bad because of it. And she'd probably be way better off if she never had credit cards.
I'm 100,00 in debt... should i sell my yugioh cards? The legendary blue eyes white dragon??
😂
That's going to cost you a trip to the shadow realm.
Whoa, I’m having a nostalgic flashback. Loved that show!
Nooooo that’s your investment xD
Got dark magician?
I also thought she was going to go and get in debt. The only thing making me wonder if she will listen is that SHE CALLED, so there’s a voice inside her head telling her this is a bad idea and you guys agreed with that voice. I think there’s hope 🤞🏼
No. she already made her mind up and she was HOPING for validation with the call.
She wasn't told how to pay for the expenses only not to take the loan... Chances are she will take the loan.
@@mzlyzs9863 Right, and I doubt her parents/grandparents would let her push off school until she found a way to pay for it
shiiiii id pay premium prices for a private lesson
If only 50k for a nursing degree its stupid to work a 16 dollars job and save money
I have a relative who got a Master's in Occupational Therapy. She was 33 when she got it. It took her until she was 50 to pay it off. She could have paid it off sooner, for sure. But that's not what happens. When people get used to being in debt, they just start treating it as normal. They typically don't attack it and pay it off quickly.
"Too many people spend money they earned..to buy things they don't want..to impress people that they don't like."
--Will Rogers
We buy things we don't need, with money we don't have, to impress people we don't like -Edward Norton
"Most people buying things they don't need, with money they don't have, to impress people they don't really like. Stupid on parade baby!
- Dave Ramsey
Spending money you earned or even got as a gift is fine. Spending money you don't have is the problem.
That’s a good point. But not relevant to this video
@@richardramfire3971Exactly. Impressing people isn't this caller's goal besides perhaps school choice. People do go into debt for expensive colleges.
Girl, don't do it! I so badly wanted to do an accelerated second degree BSN program too. I swallowed my pride and went to a community college in Orange County. I didn't pay a penny for my degree through scholarships and free tuition. Hospitals will hire you with an ADN and will pay for your BSN. It feels really good not having any debt especially when talking to nurses 5+ years in who are still paying off their loans. My husband also did the same thing with his law degree-not a fancy school but no debt! It feels good!
Parents push you to go to college but doesn’t place any $$$ in hand or even discuss entrepreneurship goals. I’m ready for mine to enter adulthood debt Free!!
True when I was 16 my Mom told me, if you want to go to college you have to pay for it. How does a 16 year old save for college?
Andrea Thompson.. A 16 yr old pays for college by earning great grades, apply and get multiple scholarships/grants/internship and working. It’s hard work but it’s worth it depending on ur direction u are trying to go to. Or learn a trade and read book on business and be an entrepreneur. “Debt-free Degree” -Anthony O’Neal. Plan for your future, don’t just show up. Been there done stupid, learn my lesson.
Unless you're from a rich family, you can't assume your parents are going to hold your hand to success. You are your best and only career counselor.
dropped out of college and joined the air force. best decision i have made
How about stay in the area and search for grants and go to a school nearby??
She's in California. It ain't going to get cheaper.
It's not about cheap, it's about getting someone else to pay for it. Lots of grants and scholarships available, and staying in the area eliminates room and board.
@@MagnusMedina true dat preach!
I borrowed 14k for undergraduate (lived on campus) and worked 32 hours + 60 hours summer time. I borrowed 35k for graduate school privately (lived with my parents). I worked full-time during graduate school and went night school for 2 years to avoid borrowing more debt. Then disciplined myself and paid it off 52k (interest including) in 2.7 years with a salary of 39k plus doing surveys and side hustle jobs. It’s okay to borrow only if you can get support and find a way to make it work. I borrowed because I had no choice. I tried scholarships and got denied but I worked very hard to pay off my school and I’m proud that I did what I needed to do to survive.
Dave, you won it with me! I had that same idea floating around in my mind even though I had been listening to you for a while. This motivated me to stay debt free and for that, I thank you both! 💜💜💜
Ideas floating aorund in your head are the worst. Each one looks attractive, yet it might not be the right decision long term.
@@Musicienne-DAB1995 Your comment made me think, but isn’t that how all decisions are made? If a person has no ideas to choose from (whether searched or presented) then how does the mind choose a path..
I am a nurse and 47,000 is toooooo much. It’s hard work and they’re competitive, but go to the local community or local university. I chose to do an associate first, and complete my bachelors after, of which I pay out of pocket and the hospital I work at reimburses me completely. Essentially my education is free , but it takes a little longer and the classes are tough. The harder road is less expensive without debt. I’m a registered nurse working in a level 2trauma icu with a critical care certification that the company paid for. I’m telling you so you don’t get scammed. Good luck😊💕
Absolutely miss the combination of Dave and Chris on this show. Really Hope Chris is doing well. They are like the uncles who give you great advice. Dave’s method may be tough but it works. Thank you Dave and Chris and the Ramsey show family
I agree with them. I had 80K of student loans and STILL haven’t used my degrees. I paid it off, but now I am behind in LIFE.
25 years old, earned my masters degree at 24. Once I finished I started paying off debts before I even knew who Dave Ramsey was, I’ve paid off over 12k this year, and all I have left to tackle are my student loans. Gazelle intensity, I’m planning to pay half of them off this year. Social life? Never met her. Second job? New best friend.
Dave is a saviour. He actually cares. He’s saving people from debt , depression and even possibly suicide. I was not the best saver but I avoided debt but I have many friends that are in debt they rely on substances and other things to cope.
You can get a RN Associates degree in 3 years in Las Vegas at the College of Southern Nevada. If you qualify for a Pell Grant, you can likely pay for your entire degree with it. The whole degree costs about $10k.
@Johnny Five Move there, work for a year and establish residency, then go to school. What you earn should cover that tuition.
57 year old Patty here. I took out student loans at age 25 to go to nursing school. I am now long debt free but I wish somebody had given me this advice at age 25.
Just make sure the accelerated program is legit. My friend just got scammed. She is a LPN and I think she signed up for the program online. What they don't tell you is that you also need to fulfill clinical hours in order to get fully licensed as a RN, at least in my state: I don't know how it is in other states. I hope this lady did her research! Please don't get scammed like my friend did!
CEDL4072 if she is an LPN there’s no way she didn’t know she needs clinical hours to bridge to an RN unless your friend is stupid. Every single bridge program in the United States requires clinical hours.
I would be scared to have a nurse that had not fulfilled clinical hours lol!
Every RN I know had to do clinicals. I wouldn’t want an RN to touch me without some experience.
There are scam programs that arent accredited. I would make sure whatever program is fully accredited.
Absolutely not. Your friend is dense if she thought she could get her RN in nursing with out clinical hours.
@@natalielinden But there are scam programs out there claiming there are faster ways to becoming a RN.
I always wonder when exactly they hang up the phone on the caller... Does the caller think they’re still on the line or what?
Livin’ the Life same
See Dave hit the button on the desk? I'm sure his producer is in his ear telling him when to hang it up. They probably don't hang up on people still on the line though, probably just switches them to a different person unless the person on the line hangs up first.
Although he muted me, I didn’t hang up until he stopped talking to me as a guest.
As a caller you hear the show the entire time, you are just muted.
I think they must tell them upfront that at some point during the call they will be muted, but to hang on and keep listening to everything that's being said about their case. Plus someone is going to pick up and get their information so resources can be arranged.
I use to think this way, it's really hard to break this kind of mentality.
Super Hard
My ex thinks this way.. he has everything new.. new cars new 300K house bc he makes six figures... he brags about it too lol... then he told my 17 yr old daughter he’s going to finance her first car and she’s to make monthly payments to him!!! She only makes $400 a month!! 😳. I can’t believe he’s going to try put her in debt too! Fortunately I talked her out of it after a lot of arguments and tears 😣.
It’s not that hard if you know who you are and what the world is. Why give the world, which could care less about you and your soul, ANY real estate in your mind. I found a perfectly usable Keurig in the dumpster for my roommates. I saved them $70! I buy mostly used clothes and household items on eBay, OfferUp, and Mercari. I’m helping out my fellow American buy getting rid of something he or she no longer needs and helping me progress. But again, going into debt to buy stuff IS NOT THE SAME as going into debt to receive a necessary, legitimate education. The only way to change the system is to have a government mandate that limits the cost colleges and universities are allowed to charge their students. But this is Shamerica and money is god, so it’s unlikely to happen.
What I hear in her story is that she wants a nursing degree for the increase in money and possibly the "glory of being a nurse". After a career in nursing for 39 years, most of it in ICU, I can tell you it's very hard work. In my experience, either those who did it for the money usually left to find something easier or they made lousy nurses. Nursing has to be a calling.
I think she forgot who she called...
😂😂😂
I am so happy I went to school and took a student loan instead of waiting to go to school. I ended up graduating at 22 with a good paying job, and paid back my student loan in about 6 months of working.
Instead of having to take 2-3 years working minimum wage to pay for my schooling.
Not saying student loans are always a good idea. But if have a plan and weighed the risks. I don't see anything wrong with it. In my case it made me way better off financially.
i agree that in a case like yours where you took out a relatively small student loan with a pretty good paying degree student loans aren't that bad unfortunately as far as student loans go you are a very small minority. for the vast majority of people dave ramsey's advice is the best option and when he starts making exceptions for people like you other people that shouldn't get student loans start rationalizing that it's okay for them to get student loans too. there's also the risk you have to consider where even in a case like yours something may happen where you don't graduate college and then you've got student loans and years of working to get a degree and nothing to show for it.
It worked out for you because you limited the amount you borrowed to the bare minimum, you picked a viable degree program that paid off immediately, and you also relentlessly attacked paying the money back right away until you paid it off. Most people are wasteful and borrow way more than they can afford, and then because they are overwhelmed they back burner this debt and it becomes a terrible curse on their lives and finances. But good for you!
Patty will be calling back in 3 years with $40k in student loans, $10k in credit card debt, and a $20k car note, wondering how she can be a stay at home mom on her husband's $50k income.
im months away from graduating with my accounting degree. 25k in debt by the end. but before i was making $10/hr for years. after graduating ill be making 45k to start and more after a few years every year after for the next 30+ years. 25k is nothing to raise my earning potential that much. ill have the loan paid off in 5 years or less
With the economy the way it is with many companies going out of business, and you being fresh out of school, there will be a glut of experienced accountants available for all the demands: unless they’re looking for a cheaper, younger replacement, I’d wager your bargaining position isn’t nearly as strong as you think it is.
And, you’re in debt during the biggest economic downturn since the Great Depression.
You’ve got some hard math to work towards, don’t be overconfident.
Only problem is if u can’t find an accounting job right away? Times r different since u started. Jobs r freezing up. Thus community college n transfer. Cash only. Same dream but will take longer to get there. But it’s good to play it safe.
If you can work... If you get in a car accident today and cannot handle numbers after you wake up then what? If you have no debt it is much easier to handle life no matter the curveballs. A friend was doing great and headed towards a career and marriage when suddenly had an autoimmune disease kick in and lost his ability to work and his fiancee walked away as a life of having to work full time while her husband has to pull in disability was not the life she was confident in.
Congrats! It'll be well worth the debt, might even be the best investment in your life.
It's sad but true: 'the perfect plan never happened'. This is true to my life as I now have to face paying off my student loans.
"I HAVE to have debt" = I've only spent a few minutes thinking about the possibilities and am not wiling to cut my lifestyle.
.
I like the old quote that says, "Whether you think you can or you can't, you're right!" If I were sitting down with this 25-year-old, chatting for 30 minutes, I guarantee we'd figure out how to get her thru school debt free....IF she's willing to work for it and IF she's willing to make some reasonable sacrifices.
Sid Whiting *through
@Big Bubba Because she's obviously dumb enough to take you up on it?
Student loans are a scam. Even here in Kenya.
254 represent!
How about Nigeria....?
Kweli kabisa !!! :)
But at the same time you're often seen as worthless to most employers without any degree at all..
I think because her parents fund her first degree, they should have made sure she pick a good career to get a degree in that's going make her some money... And all of this could have been avoided.
@UC8BZNFg3D4B7GQz4as3ed1w that was a smart move
She shouldn't have wasted her money on a stupid ecology degree.
@@jimroscovius Spoken like somebody that doesn't know what they're talking about. Few employers care what the degree is in, they just want you to have a degree. Unless there's a licensing requirement that tells them that they need a specific degree, they mostly just care that you've got one.
There's a ton of elitists out there that like to make fun of other degrees as being worthless, but that's usually not the case. Liberal Arts degrees in particular that arrogant people like to go after are some of the most useful degrees that you can get in the modern economy where you might need to retrain multiple times over the course of a career.
@@SmallSpoonBrigade You seem to be quite out of touch with the world. Liberal Arts degree for the most part are worthless. Why you ask? Well supply and demand. And not every job is just looking that you have a degree. It's actually quite the opposite, employers look for people that have distinguished themselves, not just people who have a degree.
@@SmallSpoonBrigade Getting a degree by itself only shows you spent the time, energy and money and carried through. In many cases that don’t require special background and education, that’s sufficient, but in reality, such a role doesn’t require any post-high school formal education, either, so supply and demand weigh heavily into that: many that piece of paper is only useful to open up many potential employers to hiring you.
Now, if you get yourself educated in STEM or something else that does require a degree, or even are self-taught (some things are more viable than others) supply and demand makes you potentially much more valuable, assuming you don’t choose poorly.
Gender studies degrees only have as much value as the number of careers and their jobs that are available to use that particular training, which really devolves down to a role where you’re preaching to the choir. But, most of those roles are purely in academia, so your teachers are your competition, so how’s that working out? For most, that’s a liability instead of a degree: a worthwhile degree starts out as an asset and appreciates with time and effort, having a good ROI. The only people that can afford to consider a gender studies degree are those that don’t need to earn a living in the first place. If they can’t pay for the entire expenses out of pocket before or as they take it, they won’t be able to afford to pay off the school loans, because their best bet will be working as a barista and telling people “I’ve got this gender studies degree, I’m so educated, let’s talk while I make your drink!” (And of course, many people just want their drink ASAP, instead of waiting to speak to a sap).
God, I miss these two guys together! 😢 So much knowledge and wisdom in one room!!
When Dave said the entire culture has lost their minds, he is absolutely right! They jump from one career to the next chasing this big three figure salary in their minds. Little do they know, you have to work hard and earn that salary. It's not handled to you just because you have a degree. I work with so many people fresh out of college and expect lots of money without doing any work to earn their paycheck. Just like Patty, they dont like to listen to us "old heads" when we are trying to steer them in the right direction.
”Do what is easy & your life will be hard. Do what is hard & your life will become easy” -Les Brown
I went to nursing school but to a local school and it was less than $8,000. I would avoid out of state colleges because the tuition can be almost doubled in price. Highly recommend staying LOCAL...!!! Like the gentlemen’s say, look for scholarships and/or work for a hospital. The hospital will even give you a sign-in bonus. I have my degree and owe $0...!!! Best of luck!
I believe he absolutely correct I went to a community college and got my AS and then went back to that same community college got my BSN all free .. well not really free the BSN was 8000 I pay cause I already had my license and I was making more than enough. Now as far as grad school so far am processing how we going get that done as well . I refuse loans
how long did it take. the accelerated program is like 15 months and prolly 20 if including pre reqs. is the aa stuff you did transferable to the bsn upper divs?
Road To A Million well the AS is two years and the bsn is 1 year and half if you have prior pre requisite.. you don’t have to rush to do the bsn cause you can get your license with your AS and then some hospital pay for the bsn but if not you going be making your own money you can pay for that but go to a community college it’s only around 8 thousand and it’s online and it’s great
Are you doing practitioner, CRNA, or professor?
Thank you Dave for having the courage to tell the truth.
I love this show, they're not joking here ,they actually give proper advice .
Luckily he caught this one early. 50k a year in debt is madness.
Didn't she say 50k total? Or do you always talk about what the school costs are per year?
$50k a year would be madness, but $50k for the entire degree isn't likely a problem. I've regularly seen hospitals advertising significant signing bonuses to nurses that are willing to work for them. Chances are that the $50k could be paid off in a couple years tops if she really gets on it.
Obviously, that assumes that she can't get any scholarships or grant money. If she applies for several every day, she can probably get it down even more.
This is 50k a year not all it is. I think it's 3-4 year degree.
It’s an accelerated program which is only ONE year, it’s only 50k total...
@@coillest8628 thnx for explaining
They are such a great/funny duo! I love watching Chris & Dave together!
I took $50,000 in loans to complete medical school. Paid them off in a year after I was done. No regrets and would do it again. If I did it over again I might have worked a bit more in other fields as it is bizarre to go from making nothing to making 6 figures, I think the experience of having a low paying job has some value beyond the money.
Yes! Paid my 48k from an accelerated program in two years by doing the work. You just have to want it. Problem is so many people get caught up having social lives, driving fancy cars, and not wanting to pay it off “just yet”
I have no regrets
Do you mean you paid off your loans during residency or after graduating residency?
I didn’t pay my medical school loan off until my late 40s. I’m guessing you went to school before I did. I don’t think anyone except people from rich families graduated with less than 100k in loans my year. Now it’s a lot more. I raised 6 kids without debt on my income only, divorced my freeloader ex, and will still hit retirement age with about what I need to be comfortable. So I guess it worked out?
I like Dave's idea of calling Health Care Companies, to see if they have programs to help pay for nursing school.
It's so disheartening to listen to this. All that scholarship and grandparents money wasted on a useless degree. Just to come out making $15/hour at a service job. I feel like this is so many college kids. Yes it's great to have dreams but you also have to be practical about the real world and can't just go for random degrees. I remember having the same conversation with my cousin when she was in college and she was studying architecture. All i said was why? And told her it was probably a better idea to get a degree for something more in demand. She now works in an eye doctor office. I really wish people would just go to community college if they don't truly know what they want to do, you at least won't come out with mountains of debt.
architecture is a great career if you know what you're doing. with any career it's about who you know. if u don't speak Spanish you're SOL but that's a whole other discussion. what's wrong with working at an eye doctor office
@@michael567jober What's wrong is she got $100,000 in debt for nothing. You can work in an eye doctor office without paying $100,000. Are you really that clueless?
@@nateyad8139 100k is pretty expensive but if it's something you really want and to pursue, go for it. I think the main issue comes from employers low balling pay, no willingness to train, high expectations and broken promises. nobody wants to give ppl a chance cause they don't want to train
Antonio Jay well clearly it wasnt something she really wanted to pursue. College is shoved down kids throats but nobody explains why you should go to college and whats the proper cost effective way to go to college.
That’s degree is pretty good. I am an engineer and they make similar to what I make!
As a 32-year-old, with some college debt, I completely disagree with this life advice. The healthcare industry, beginning at the education level, is corrupted and in order to get through school (especially to someone with a disability), the advice I was given the first week of Nursing was, “you SHOULD NOT work while you’re in school.” I laughed out loud. They had no concept of reality. You have to work unless you’re born from privilege. I’m proud to be raised with the immigrant mentality of “if I don’t work, I don’t eat.” These hosts, and yes, I know they don’t advocate debt (no sane person does), have a limited scope of reality. IN THE REAL WORLD, you have to take on some debt. Dave never condemns mortgages but debt is debt. I could argue that investing in education is more valuable than a house (cough 2008 financial crisis cough) especially since a house is a money pit. But I digress, these hosts say it’s proven but debt regret, but it’s not. If I was able to obtain a $50,000 loan to take care of school and living expenses, I would have my degree by now AND IT WOULD HAVE BEEN PAID OFF. Critics will argue that I’m the exception, or worse, Darwinisticly saying that I’m undeserving of bettering my life because ‘survival of the fittest’ and I’m just not ‘fit enough.’ I’ve called into Christian-based radio shows asking for Biblical advice and nope it’s basically the same as the Anti-theist or anti-love and redemption above. My advice: refuse to settle and keep pushing because “as long as I breathe, I hope,” and don’t settle for advice from those who have not gone through you’re experiences or want to invest in you or your vision personally or professionally. You are nothing to them but a wisp of wind which may bring them some momentary satisfaction emotionally or financially. I don’t believe in a God that gives intelligence to poor people and require them to legalistically follow laws that don’t benefit their vision of bettering this pathetic world. I wouldn’t dare limit God to that horrific box.
Patty, if you're reading this - before you go into training for a care related job, join a local care work company who care for clients in their homes. You'll meet all kinds of people, learn so much more than any text book or course can teach you and work alongside community nurses who can give you an honest representation of what the study and work entails. You may decide to work in care in another capacity, just get stuck in somewhere and see how you mentally and physically feel working in that field. Praying God helps you in your decision xx
Great suggestion. She could do a quicker CNA program at a community college first too.
I"m a "Patty"! I chased a dream but took out loans to do it. Now, 15 years later, I feel like I'm in prison to my debt and I have very few choices until it's paid off. Life has beaten and battered me (financially) and I would have been fine if I hadn't taken out those absurd loans. I've only got 6 more months until they're GONE BABY! Don't do it, Patty!!!!!!!
It’s expensive to get a useless degree the first time around.
Very expensive! Not forgiving either, because it's hard to get financial aid for a second degree
Although Dave said "we didn't win that" I beg to differ.... The thousands of kids who will watch this video will hopefully learn from your wisdom. Bless you two for what you do!
Many community colleges offer nursing programs. That is what I would be going for instead of moving to Iowa.
... btw, I went to nursing school & paid for it while working. It's absolutely possible & doing that allowed me to purchase a home at the bottom of the 2008 real estate crash. Stay out of debt!!!
50k for a nursing degree? Mine cost 7000.00 and my employer “hospital” paid for it. Nursing is a disaster I sure hope she picks a different path for her sanity.
What paths are good alternatives?
A 4 year degree and she's making $15 an hour? The McDonald's in my town is starting kids at $17 an hour, no degree required. SMH.
She’s probably too lazy or high and mighty to work fast food. These college grads with useless degrees take some easy low paying job that “sounds good”.
From Cali to iowa....????? Hahahahahhahahahahhahahahha she didn't even try🤦🏿♀️🤦🏿♀️🤦🏿♀️🤦🏿♀️
i know! i thought that seemed kinda odd. if she were to ever leave cali for a nursing degree she should at least come to texas idk.
Gbaby *kind of
@@bossmann6358 kind of what?
Got my undergrad in nursing for free. Got a student loan for my grad school. 25k. Did not have the money at the time. We were getting established. I made 30k more within the first year with my NP. Making double now what I was making then. Student loans paid off after 5 years. They were not a big deal at all. Didn’t make a dent in my budget. Student loans are sometimes completely worth it.
My husband is getting his masters starting in the fall. We will be cash flowing it because now we can do that.
Don’t regret my student loans at all.
I work full time and paid for nursing and respiratory school. And go to community college instead of university. A
I came from the poorest of households. 18 year old me knew an out of state 4 year college dorming was NOT an option, because I had absolutely no safety net. I did a 2 year community college, thankfully financial aid helped cover 100% of it. Years later thankfully my current company is covering my tuition to continue my education, so I will not have to pay a penny for any of my overall college education. Yes it took me a little longer to get where I am now, but I also wasn’t in debt for college loans on a degree I didn’t use!!!
Nursing school in Seattle, a very expensive city, is $10k total. Somehow she found a program in dirt cheap Iowa that's over 4 times more expensive.
The Dr I work for- he went to community college, got his AA degree in biology. That was 100% paid-he and his family paid zero on it thanks to grants and work study. Got a generous financial aid package to an instate school (thanks to his AA degree, asking advisors, talking to the financial aid department at both schools and hustling about filling out a ton of paperwork) got a BA degree in Chemistry 3 years later because he went to school part time a couple semesters and worked full time when he could-then graduated with only about 5 grand in debt. Then went to med school. BTW, he graduated med school in 2009, so it can be done today.
My daughter is 14 months old and my wife and I are aggressively saving for her college fund. However, she cannot have access to it unless it is a realistic field she will major in...
Either save for your kids college or don't, get rid of the conditional reward because that's how you get disowned by your children. I completely agree that you should try and steer your kids towards a successful degree, but if you end up with another kid who goes your route and gets college paid for and your other kid does not see a dime of the "college fund" because they didn't do what you wanted then the second kid will resent you and likely never speak with you again.
I know a few sets of parents that ended up this way, and are still confused why their kid will never speak to them again.
Once they are 18 they can make their own mistakes and decisions. Punishing one of your adult children financially because they didn't get the degree you wanted is abusve, manipulative, and any family therapist would have a lot of very loud words for you if this is the hole you decide to die in.
My kids are getting a set amount each, both identical, and what they do with it is their business not mine. If one decides that they don't want to go to college they'll get a lump sum payout. If the other wants to waste it on an underwater basket weaving degree that's their decision and the only part I play in it is signing the checks (up to total amount saved, no more no less). I won't resent either of them for their decisions, and I refuse to place such massive conditions on my parenting techniques. I might be a upset with them if they put themself in a bad financial situation, but raising your kids separately results in a broken family and I would die before single handedly destroying a relationship with one of my kids because I withheld a labeled college fund that I designated for their college degree.
I agree with the others- this is not a good idea. My degree is in fine arts, a field everyone thinks is worthless. But it’s paying off big time for me. Similarly, my ex got an IT degree to enter one of the most sought-after fields and hasn’t gotten much of anywhere, because he lacks drive. Your degree is worth what you make of it.
@@qwerasdf122 manipulative ans abusive? There are so many different fields to go into. God forbid I save money for my child to go into a quality field.
@@KelseyFalkowski come back in 18 years when your kid disowns you because you played puppet master. I'll be sure to have "I told you so" ready and primed. Adults make their own decisions, controlling their lives is how you lose kids and ruin a family. And withholding financial support that you set aside for them because they didn't get a degree you wanted them to is financially controlling and yes, manipulative/abusive. If you don't believe me invest the $100 on a family therapy session and get told the same thing I just said. Maybe hearing it in person from an authority figure will clue you in.
I'm telling you, there are 2 guys in my hobby group that haven't spoken to their parents in years because they pulled some financial favoritism like this.
@@qwerasdf122 Hmm, I am not sure how long you have been listening to Dave but he has a saying: "I am not financing foolishness". Take it for what it is worth but for me, I told my daughter I would only pay for college if she majored in a skill that is in high demand. She graduated this summer with an Accounting degree and because she took my advice she is 100% debt-free.
From my experience as a nurse. In college it is such an asset to get a job while in school in your field. Most retail.,fashion, waitresses were in it for the future dollars they think they will make. Crazy. You having a passion for it is the answer and see what it is going to encounter first.
go to a local college, stay with mom and daddy until finished. you can become a nurse without a fast track school.
Hi Patty! I’m an RN in CA. Please do NOT go to Iowa for a nursing degree! If you ever want to practice nursing here in CA, it’s best to go to a nursing school here. The CA boards is hard to pass. Many RNs who go out of state for their nursing degree end up unable to pass the California state registered nursing boards exam because it is the most difficult out of all 50 states. I went to a junior college and graduated with my RN after four years completely debt-free and my nursing degree ended up costing me no more than $6000 including books and tuition. You can get all your pre-reqs at a junior college for very little money out of pocket while working your $15 an hour job and then apply to places like sac state, sierra college, American River College, Orange Coast College. Literally hundreds of state and community colleges that have great registered nursing programs. Also, once you are a nurse, try to find a job somewhere in northern California. Nurses get paid the highest here especially Sacramento area. Probably the highest in the country. I work part time only 2 to 3 days a week making $ 140,000 per year. Find me on Facebook and we can talk. Tamar Figueroa
Laughed so hard with the "You're not going to like us" comment.
My youngest daughter is currently in nursing school for her RN at the local community college. She already got her Associate of Science there - all cash flowed thus far. And we have the cash to pay for the rest of it. She's going to do her BSN on line - it's a 6-10 month on line program, again for cash. She's coming out of this with ZERO college debt. The hospital she worked at for a couple years as a PCT said they don't care if you get the degree at the community college. It just doesn't matter where the degree is from - what does matter is how much debt you carry when its over.
"Money often costs too much."
--Ralph Waldo Emerson
160k for a dental hygiene bachelors....I look at my checks every 2 weeks and watch them shrink because FedLoan wanted $872 a month. IT SUCKS!!!! DONT DO IT!!!!
I quit my social work job 12 years ago and went to a second degree accelerated BSN program. It cost me 28k in loans (state school). Completed the program in one year and started a job making double the salary day one of being a nurse. It was a worthwhile investment to me. Cash-flowing my Master’s Degree in Nursing using hospital money reimbursement and savings. The costs for essential programs in nursing and medicine are too high. Yes you can get an associates but jobs that hire at that level are becoming more and more rare.
Go to the community college nearby, find a job, have them pay for your bachelors and serve them the years back. End up with a BSN and a job with no debt. ✅
Also, become a CNA, tech, or MA to see if nursing is for you. Don’t just do it for job stability and money. You need to love it.
Signed,
A fellow RN