I’m Fighting a Losing Battle 

it was a mess decades ago. this is now unrecoverable.

Sorry bud but you can forgo the HVAC living in Connecticut. Throw a window unit in and use it for 3 months. 14k is extremely expensive unless you have baseboard heating and need the house replumbed with ductwork.

This is scary ! This much debt at retirement age

Paying for your kids college is great if you can afford it. Insanity if you’re already in the hole.

Statistics say the daughter is going to inherit zero becausethry are going to have a negative net worth at death.

Lmfao this has to be a troll call because this is hilarious.

He’s getting hit with like $21K a year in credit card interest 💀

He wants to start a 401k at 71. 🤔 I know it's never too late, but there's a line.

At 71 with that much debt I would just say screw it and live out the rest of my life in peace and not worry about it. Busting my ass at that age for potentially a few years of being debt free isn’t worth it.

"Our daughter went to a private school in new york." Yeah all you need to know

That woman (and her kid) are absolute nightmares.

Dave needed to take this call

Paying for your kids college is great if you can afford it. Insanity if you’re already in the hole.

So this guy is 71.. it’s incredible that he didn’t look at the writing on the wall by age 45.. heck even 50-55 and realize they were in trouble. This didn’t happen over night

I cant believe how insensitive the daughter is to their situation. This is sad...smh

Summary: Bill from New Haven never took control of his life. Comment below with your address and I'll send you a bill for the time I saved you

I wish Dave was on this call 😂

At his age, he's pretty much out of options. How old is this daughter if he's 71 years old???

You're never too old to get a divorce.

His wife is screwed....the Student loan debt will be deducted from ANY Social Security she receives!...so the Husband can forget any "relief"...in that area. This a sad situation where the parents have been Marginally employed all their lives...yet they spoiled this daughter into thinking of a Private (useless Degree) school she..deserves!. He's... doesn't have much of a financial future. .

God bless that poor old man. His wife and daughter ran him into the ground all his life. He is so beaten down I believe it’s too late for him. His wife and daughter will team up against him and ruin his life if he finally stands up to them. Thank you for your service to our country sir 🇺🇸. You deserve so much better. Prayers for a healthy resolution

These guys dont know how to handle these disaster calls.

Suddenly, I don't feel bad about never getting married or having children. What a nightmare.

I had an HVAC guy come to my house and he unplug my AC unit and told me that I needed to pay 10k for a new one because the fan went out. After I sent him on his way I called up another HVAC guy who replaced the capacitor and plug my unit back up for less than $100. My AC unit was up and running better than ever. Some people will snatch your money from you if you don't do your research. Also, I love my child but I never did and never will co-sign or attach myself to any financial debts for someone else. NEVER!

This guy had the gall to say “long story short” lol

71, 200K mortgage, 100K on kids student loan, 75K on credit cards. Someone's gonna be living in his car by 75.

Start saving early guys!

So, the wife is a teacher but never learned anything...taught the little snot the same thing, and this guy's retirement is now destroyed because of her crappy decisions. How incredibly selfish! Truth be told, he is absolutely partially- culpable though, as he let that woman walk all over him for a very long time and went into debt buying her the boots to do it. This is truly a horror story and also a life lesson in not letting the spender control the money and not ignoring the debt until the avalanche is coming at you. Disturbing!

This car crash happened years ago , his life was ruined a decade ago , he and his idiot wife just didn’t realise it .

How does someone get to be this age and facing $100k in student loan debt and $70k in credit card debt and decide moving to another state and buying a $300k house is a good idea? This didn't happen overnight and it didn't happen with just one bad decision. This is obviously a lifestyle choice for them. Knowing that, it's hard to feel sorry for them or see a way out for them.

The credit card interest alone is probably around 1100 a month

The mother and daughter are irresponsible. Dad has no back-bone.

Why private school if you couldn't afford it?? Also, true love does not cost money.

They need a list on screen of all the stats this guy said, lost track 😨

Things like this are awful to hear but at the same time i have learnt from all these videos on what not to do to ensure i succeed

He said he bought the house for 3 something and they owe 200k. The house has likely appreciated. I wonder what there equity position truly is. If they have enough equity to clear all debt I would sell. Go rent and work the baby steps after.

Why wasn't it suggested caller sell the house? These two didn't even offer the man a free FPU course. Personally, I'd purchase a couple of window units for this summer and forget about trying to finance for new central air: they live in CT, not Lake Havasu City, AZ, and winter will soon be over. Sell the house, pay off the spoiled daughter's student loans, file for bankruptcy. Until then, this man can drive and deliver Alphagraphics orders. His wife should hold out for her FRA SS. George said caller needs to get a job at $25 an hour and work 40 hours a week. Yeah, okay, that's probably not going to happen. I want to hear how Dave and Jade would respond to this.

Sadly, this guy is playing the real victim. Every time they disagree with him, he says, "Exactly". This is likely how he handled his family and is now acting like it was out of his control.

This is so sad, if only he could go to Mexico and cross the Southern border, he’d be set for life.

Was it "life story" day on Ramsey? Jeeze

My friend is 73 years old. She’s had a 100 interviews, no one will hire her. She has an amazing resume. He’s out to lunch. No one should have a mortgage in their 60’s & 70’s. 🤦🏻‍♀️

When your wife said we should sign for the parent plus loan, say you can but it will result in divorce

14k for a new furnace? Your being ripped off. Shop around, I promise you can find a better price.

100k parent plus loans, 70k credit card, 250k mortgage, grandpa, you working till you die.

Dude, box fan is 20 bucks, window ac is 200… AC breaking down is not an emergency 😭

Private school was the stupidest idea ever. They never met a debt they didn't like. Plus, they moved to one of the most expensive states. One dumb decision after another.

Ken looks like he’s about to order Panera’s for Lunch 😊

I feel so bad for these people. This show is proof young people aren’t the only group that is bad with their finances.

They don't need to make any student loan payments - - They also need to investigate the $14,000 HVAC - - sounds like they've just accepted the 1st price given to them

The wife deserves resentment, that poor guy won’t get a retirement ever because of his wife’s and daughters snobbish entitlement and reckless spending

Why would the wife to that to their future , that’s not loving your husband and to top it all she wants to retire with 100k in debt while her husband is 71. That wasn’t even loving the daughter to do that

Such a messed up family situation: - A mother is babying her child and signed for parent plus loan - An entitled daughter goes to an expensive private school in NY - A father who is in retirement but have to go back to work and also struggles getting the family together in one page financially

He worked his life away to serve two colossal brats to end up in this mess.

They never should have taken this call. This is absolutely a call for Dave & John. Getting the daughter to grow up is of no concern to these parents anymore. They have to leave her alone and live for themselves. And using the threat of having to take care of them against the daughter is absolutely ridiculous. That’s failing to take responsibility for your actions. I’d be pissed if I were Dave and heard how they handled this call.

My dad co-signed a school loan for my brother once and ended up paying off his loan after my brother refused to pay. It was a lot of money and did damage the relationship with my dad and him. I have two boys and I can firmly say, I will help them if I'm able but I will never co-sign a loan for anything.

They raised a monster. Whose fault is that.

I wish that Ken had let him rant. Listeners need to hear this foolishness as a warning. If his wife signed for the Loan he doesn't have to pay it... hopefully her name isn't on the house.

You know, I'm 72. My husband is 80, in poor health. I went back to work because prices are up and we needed the money. Actually working sure beats sitting around. Stop whining. Just do what you need to do. You'll probably live longer out working

You don't gotta take care of the HVAC, billions of people live without HVAC, buy a pedastal fan that costs a few cents a day to run and start hussling, HVAC is a luxury and you can sort that when the mess is sorted

Never co-sign for your kids student loans!!!! Vote republican to block student loan forgiveness in the future

Parent plus loans are always the parent’s responsibility to pay back, 100%. Lots of parents didn’t save for kids college and then want to push them into university for their own ego. “My kid graduated from NYU!” Parents shouldn’t push their kids into university and they definitely shouldn’t take loans they can’t afford to push them harder! Even if parents are verbally agreeing with their children that the kids will take on the loans after graduation, I would say that is also not OK. It’s a verbal agreement with a 17 year old and you want to potentially detonate your relationship with your kids if they aren’t able to follow through? Parents should just make their kids apply for loans themselves if they need loans for college. Parent plus is worse than a cosign. You want to help your kid go to college? Start saving $500 a month in a 529, when they’re infants.

At this rate they will both be working until they die. Shame on the daughter for not willing to help pay the student loan she used for her education

He's taking the word of the first HVAC guy about his unit. He needs to get LOTS of quotes for both REPAIR as well as REPLACEMENT. Preferably from independent HVAC guys that don't have flashy new trucks and big advertising budgets. The REST of what he's blathering on about is essentially- "I'm stupid, I do stupid things, save me from the stupid things I've done, and also the stupid things I'm GOING to do when I ignore your advice."

Debt Snow Ball, Get Marriage Counseling, Work 3 Jobs, Sell everything. Wash Rinse Repeat. Same Dollar different Day.......

This guy isn’t safe and can’t breathe.

I have a CT teaching certificate but I’m currently working in a higher paying job. Plenty of school districts are hiring. I get notifications and emails every week from school districts looking to hire teachers.

Imagine being a boomer and getting to grow up during the most prosperous time in America where it was much easier to succeed, and then not being able to retire. That’s on you for failing

This DEFINITETLY needs a follow up call.

I'm sorry. Whoever reading this message. I'm completely my degree Dedt Free 2024.I personally didn't have my parents or siblings taking out loans for me, plus they told me , I have to make it happen for myself, well I decided to get a job and take a Financial Aid pell grand that help only the way to pay off classes. The temptations was there, advisers at the school telling students it's okay to take out loans. I make a decision for myself to write a plan, goals to stay oway from those loans. It scared 😳 me. Plus, I wanted my freedom at the end. 🙏🏼♥️

Take out a life insurance policy on the daughter and… industrial accident? Spitballing, here.

Young men out there - this is what happens in life when you have no balls and don’t put your foot down as the head of household. Be warned.

No no no, not much time left he is 70 not 50. Sell everything you can see if there is anything left to buy a mobile home. Bankruptcy is not a bad idea at this age. Even better, move to another country....😢😢😢

My opinion of the caller changed pretty radically when he mentioned he has $70k in credit card debt and a $200k mortgage, both of which he had control over. Sorry but he’s not the victim he made himself out to be. Even if this were completely his wife and daughter’s fault (it’s not) he still chose to retire knowing he has $370k in debt. As far the daughter of course it’s not up to the parents to pay but they also can’t say they’ll pay and after it’s all done turn around and ask for $100k that’s an insane recommendation as if she didn’t choose a school based on her parents promise.

GOING BACK TO WORK AT 71 IS SUCKS!!!!!!!1

This man won't live long enough to pay off any of this debt With the sound of all that stress and anxiety in his voice. His wify and spoilt daughter are going to ride him right into a grave. He needs to take the steering wheel of life from that wife of his and lay down the law. Find out what the house is worth and SELL IT ASAP!! Then tell the daughter HER PRIVATE SCHOOL IS ON HER!!! Go buy a nice RV, with or without that wify of yours, pay off your debts with the house $$ and enjoy yourself!! DIVORCE your wife if need be. She nor the daughter give two S***S about you. You are just SUPPLY!!

Stories like this inspire me to never remarry again lol

Bro 14,500 for a furnace is a joke. Idc f it also has the AC. But a few window units.

Wow. Sounds like his wife isn't good with conflict at work and has enabled an entitled daughter. But this is one side of the story. This is the result of decades of financial mismanagement. I suspect that some fine automobiles have been financed for both of them. Also, it doesn't seem that he ever developed a strategic career. If I were in his financial crunch and living that far north, I would live without AC until I could afford to fix it. His wife can move in with their daughter if she can't take it.

I find it difficult to believe a man born in the early 1950s sat back and let his wife drive all their finances. Seems like blame shifting helps him grieve the bad situation they are in. This is probably one of those rare situations where the baby steps are not the answer since they don’t have much time left and need to figure out alternatives.

The daughter is an ungrateful brat. How can any decent human being do this to their parents?

Who thaught her that? Biden did , that's who!

You don’t need central air go get yourself a few portables, there anywhere from 5 to 700 a pop. Three or four of them should be able to keep your house. Cool. It’s what I do and it’s awesome.

Listening to this, I can see how it all started. Dad working two and three jobs, not home and too tired to step in with the daughter when It was necessary. The wife had better smarten up and tell her daughter the buck stops here!

Hvac system isnt an emergency…. 1. Ita not a necessity and 2. Thats called home maintenance… houses are not investments or atm machines

I guess the only silver lining is if they croak, the Parent Plus loans are discharged. So maybe just pay the minimum and let the interest get sky high. Who cares at this point.

I am surprised they did not press more into their home equity. Sell the home and live in a humble apartment for the next chapter.

Wow there will be zero retirement sorry to say

They have been living beyond their means for decades.

I am not saying his wife is an evil person but it sounds like when he objects to her actions she ignores him and does what she thinks is right. So a wife who makes bad decisions and a husband who does not agree but is ignored.

Americans always fall for the same economic traps over and over. Mortgages, student loans, lavish weddings and maxing out credit cards. Its like they have an addiction to this type of spending.

At that point, I would probably stop paying any debt. Good luck taking anything from an elderly couple with less than poverty income and zero asset. You cannot garnish Social Security.

Caller - if you’re reading this, only make the minimum payments for the student loans. Once you pass away, the loan will also go away. If your wife signed, this goes for her too.

They live in Connecticut..they don't need air conditioning

The daughter should just take her parents name off and pay the loan. Isn't the daughter like 50yrs old. Sell that house. Move to an old folks apt. Your wife needs to get a better job. The teacher shortage is all over the US. Move to a cheaper state. Get a window unit a/c until the house sells.

If his house isn't large and has duct work, I'm pretty sure a furnace and A/C replacement shouldn't cost $14K, unless inflation has gotten really bad. I got both of mine replaced five years ago professionally for $8K on a 1,300 square foot ranch, parts and labor.

Connecticut does not need air conditioning. Florida, yes.

I really wish George didn’t turn down the 401k idea so immediately. I’m curious to know if that would work. If he put money in, got the match, and then withdrew it, he’d be getting free extra income. Unless it doesn’t work that way, which is why I wish the idea was entertained a little longer. SMH

I cant imagine leaving my 72 yr old father to just "figure it out" with a $100k student loan bill. It was YOUR schooling, YOU pay it off!!

Poor guy. He thought he could get a job with a pension and just start drawing from it on day one. Poor guy is so financially uneducated.

What's sad about this is he'll probably pass away still paying down the loans and the daughter still keep the remaining home equity