$265,000 Worth Of Debt (Bad Decisions Finally Caught Up To Me) 

Dude was making 230K a year and dead broke. People blame Biden, Trump, or anyone else...this is 100% on this guys horrible decision making. He was already living waaaaay beyond his means.

"You can't out earn stupid". What a classic statement. Can't wait to tell my son.

This episode really shows how money is never actually the problem. You can have all the money in the world and have behavior out of control.

Cant even be mad at the guy. He took accountability and seems like he's ready to clean up his mess.

When the CEO holds an unexpected meeting saying that everything is going to be fine. Start applying to other places

He doesn't even have a family and is in 250k of debt despite making 230k a year. 🤯

It's not about what you make, it's about what you save.

As soon as I saw $265K in debt and Atlanta, I knew he was tricking off lots of money on women 🤣🤣🤣

Dude could easily be a multimillionaire by now if he had his 💩 together financially!

I got laid off this past November, it was a total surprise. I remember being so stressed at the time, for obvious reasons. But I am only 24, single, and thankfully had enough savings to get me by for a while, at least until I found another job. It just makes me realize how right my grandma was saying “it’s never so bad it couldn’t be worse” - if I had been laid off with $250k debt, or a family to provide for on top of things I can’t imagine 😳😳 I am so thankful for my parents, my family, and my upbringing for instilling the value of saving and living below your means among many many other things. I am certainly blessed, and I should take note from my grandma, but I pray that I find someone special to share my life with and a career that is more personally fulfilling to me. In due time I suppose! As my mom says “let go and let God” ❤️

Very unfortunate. I am always telling my daughter, please save your money. Don’t get into debt. You never know what will happen.

He was spending his money on eating out , liquor and prostitutes.

230k on strippers, prostitutes, drugs, and alcohol...trust me, he aint give up that life, he just cant afford it right now

Dudes making 250k in a world of stress. I’m making 70k, own a home have, savings, have a family. Minimal stress. Life is good. People chase money when after a certain point the money doesn’t do much more for your quality of life.

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

You think the money will never stop, but it can end in an instant.

You mean to tell me the CEO lied? Color me shocked. 🤨

New title: "$250,000 a year on Restaurants and Women"

Making $225,000 and only have $45,000 in the bank? That's foolishness!!

This is a great example of it doesn't matter what you make. If your bad with money , your bad with money.

People hating on him in the comments is just not nice. He is taking accountability and he is not making excuses about the position he put himself in. MANY live beyond their means no matter what income amt they earned or used to earn before a job loss. I hope he can find another job & start to handle all of this ❤

This is why it's not unethical to work 2 jobs and why Dave's right about debt.

That guy will be fine in no time.. keep ya chin up! He took complete responsibility of his actions good start

"Basically, I would have to pay $30K to get rid of this car" is a horrifying statement

rolled over negative equity onto a BMW, now he learned about German luxury car depreciation 🤣

this is so baffling. You have to go out and borrow money because you can't live off of 200k plus income? what is wrong with people?

This should have been a call for Dave. These two are just too weak sauce on people like this that need a true reality check like only he can give. Guy is single with a $3300/mo mortgate? Sell it!

It’s really hard to feel bad for people like this.

Thats corporate America for you, you can't trust anything they say look out for yourself I know from experience

Had a coworker at a food place I use to work at in college: gave me his story of making over $400k a year for his 20-30s, had MULTIPLE properties, went to bars, spent money on multiple girls, trips outside the US, ect. Then ended up going bankrupt and working as a security guard. Was crazy, didn’t beilve him until he showed me his old pictures and yup all true, but wasted away everything in exchange for fun and burning cash.

That is a terrible situation. This happened to me in 2017. I got fired from my 6 figure job and I was living it up, buying (financing) new cars, using credit cards, bought a home. I took a 50% pay cut and I still haven’t been able to land another six figure job but I learned not to be a fool with money.

It is not about what you earn, it's about what you keep.

What a shame. He lived up to his ritzy salary, but the ritzy salary just went poof. Think if he had lived like he was making $100K a year instead.

I think the most important thing we should look at is his mental health. There had to be some type of underlying issue going on for him to be out of control like this. I hope he is seeing a therapist or something. That's the key to almost all our issues in life.

I’m gonna come back and watch this video next time I start feeling sorry for myself. Good lord.

Just think, someone was paying this guy a quarter million a year and he was actually SURPRISED when they stopped!

This company and CEO needs to be named and shamed. Telling employees a week before 200 people are laid off that there will be no layoffs is seriously incompetent or fraud.

This guy proves it is not how much you make but how much you keep in your pocket!

If I had that kind of income for 5 years , I‘d be retired in Thailand 😂

Seriously? Making $230K and $265k in debt , BMW is 30k and owe 60k? How?

Yep, people who grossly mismanage their finances tend to do so on the scale of the money that is available to them. Women, whiskey, and song...

It was perfectly said that it takes one domino to bring it all down. Also, at times we're in our own bubble and forget that others are doing this too. To know that he's upside down $60K is rough. Sometimes we come to a realization too late, but atleast he is now, sucks it took him getting laid off to do so.

Insanity. You can make over a quarter mil, no family to support, be at the same job for years and still be broke… with a mountain of debt

Unfortunately we’re going to get more calls like this. People will be crying in September when student loan payments kick in. What is happening now is part of the plan Jay Powell told us a year ago. Interest rates will go up. Spending will slow. Jobs will be cut. House prices will go down. Inflation will slow. Then we can restart.

People don't think that they will grow old. There will be a cap on earnings and a cap on savings at some point. Most important thing is to live well below one's means when you are earning well.

Not sure why people are bashing the guy. We all made stupid mistakes. Some people learn after hitting rock bottom. Hope you get a job soon and clean up the mess 💪!!

This show should be part of every middle school curriculum - start early and teach financial literacy - fight the pattern of society

It is not surprising that the current market sentiment is extremely pessimistic. I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made a fortune from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?

One of the most stressful calls I’ve heard lately.

This just proves that success with money has nothing to do with how much you earn. It’s your behavior that will make or break you.

It doesn't matter what you make but what you keep

I think we have all made bad decisions in our lives. Sometimes it takes a failures to wake up

The bmw sales mngr saw this dude coming

I’m glad he didn’t have a $1,000 emergency fund 😅

My husband and I make $300k per year and the sad thing is after taxes, bills and retirement it's not as much as you'd think. Most people we know who make what we do have luxury cars and homes and I can assure you it is not enough money to be living like that!

Is lived this too. Now at 39 trying to make my turn around. Stupid mistakes spending money, giving money, being too nice, and getting caught into relationships that all they did was pull money out of me. Now, I am also not working because I left my job due to not wanting to be part of some shady, immoral stuff the company was doing. So I am pretty much where this guy is.

Jade has nice hair

credit cards and 2 cars... am I the only one who is happy with a 20 year old Lexus and spent responsibly even with a 80K annual income ?????

I am very skeptical of him having 45K in his savings. That takes some discipline to do. But yet he is 265K in debt. There is something wrong with that picture. He may have 45K in an employer retirement account.

Can’t feel bad for someone when they’re making $230k

this is why being in the medical field is such a stable job. i dont regret being a nurse.

He is a fool basically. He partied hard, spent like a drunken sailor, and has nothing to show for it. He is like the prodigal son in the Bible. Now he wakes up broke one day. Finally he wakes up. It is a hard road to redemption. Hopefully he wakes up spiritually and makes peace with God first.

Lol, these videos just make me feel good about myself. I'm early 30s, make a few dollars under 200k and drive a lovely $4,000 car. 😆😆 Debt free, baby!

This is thebkind of call, we need Dave to say, borrower is a slave to the lender? Timr for rice and beans tacos!!

imagine if Daniel only had $1,000 and not $45,000

He needs some roommates immediately and a job

And these people always say, if you do a good job, you won't get fired?

This guy needs to file for bankruptcy.

He was making like 270k a year before, he definitely enjoyed his life

I make 1/4 of this dudes income and I have a greater net worth . Damn!!!😮

My father has a friend who is Amish but never had Vehicle Debt always paying in cash and living on less than you make

Damn shame. People need to follow daves principles. The partys over for this guy.

Doubt he will find the same paying gig. Lots of people were making over-inflated salaries from the artificial demand and growth in 2021 & 2022. Now we are seeing layoffs and a reset in the market. He was probably in tech and that next job will take him 3 to 6 months to land and will pay him $150k instead of $220k.

This isn’t just bad decisions, it’s a void he’s trying to fill with junk. People trying to look a certain way, people trying to furfill emptiness, this’s the result of zero mentorship & limited self control

im down 6 figures on my stocks but listening to this made me feel so much better about myself

Hard lessons of life sometimes come when you at your lowest. If smarter going forward he will look back 10 years from now and reflect on all this and be a better person.

Damn! Imagine having that income and that amount of debt. Me might be good at a job but sucks at finances.

how this dude made $220k is beyond me.

All of us should be happy when we wake up in the morning and we're not this person.

All those expensive drinks on chicks

This just shows you don't need to be intelligent to make good money.

Why didn't they ask what his career is? That's a very high income and I would be interested in what skill set he has to offer as he looks for his next opportunity. (certain jobs, one is engineer, are easier to get than others because having a P.E. is difficult to get)

Hey do this and stay afloat: 1. Prioritize building up more cash. 2. Hit up all your contacts in your industry with a DM or phone call. That will help you bypass the online application process and get ur resume in front of a hiring manager 3. Cold DM recruiters on Linkedin. 4. Apply online to everything. 5. Take the first job you get 6. Keep applying because you can do better and jump as soon as you get another job. 7. Then do what jade and George said.

Jade looked uncomfortable the first 15 seconds.😂

My older brother was living large when he made good money and when he got lay off ten years, most of his money went cars and his house and dont know if he save some money for raining days like being lay off. He had downgraded his house and sell a few of his cars. I think this is what we all will do at the moment when we have a taste of money then we spend, spend and spend until the company says we have to lay a few people off. We dont save enough till it’s too late.

250k dude🥴 women and restaurants😂😂😂😂😂

Make sure you don’t ask what a guy who just got canned from a $220k (plus bonus, stock, et al) job does for a living. 😂

Living large will take its toll.

Let's go Daniel. You can do it.

Perfect example of someone making a lot of income doesn’t mean you’re smart. You may be valuable to a company, thus a high income, but doesn’t mean you’re life smart.

*I read about a man in his 50s who started investing in stocks and real estate and then retired in 2 years with over $6 million and that is my main goal and I would really appreciate any tips and advice on how to achieve this goal. in 5 years. Especially with the current economic crisis all over the world. This is still a good time to invest in gold, silver and digital currencies BTC, ETH, SOL...*

Thanks!

😮😮😮 Wow, hard pill to take, this is a life lesson of stress, stupid things all together.

😳😳 this call makes me so happy i have a nice family, modest income, a budget and am financially literate. Life is good. This dudue, sheesh...world of pain.

guy has 45k in the bank and can't live for a few months while looking for another job? Serious bro?

200K plus, I don't think you should have any credit card debt. Sell, sell.

Omg. This one makes me so mad. He was making bank. And has no money! None! So gross.

This guy is almost exactly Like my Daughter and son in law. They make really good money and completely maxed out in debt. I try To talk to them, but they ain’t listening. They make 4x as much as me and borrowed $3k from me.

Again why would you not ask him what type of work? Or what line of work he was in or how long he worked at? That place for this is something dave would have asked

There's is a lot of people in tbe job market right now. It will talk some time to replace that income