Dave, “Dont jump off the cliff” Caller, “But if im jumping off the cliff what size parachute do i need” Dave, “dont jump off the cliff” Caller, “I already jumped off the cliff”
There is no cliff to jump but stairs to climb for a greater future. Invest 300k to make more than 200k a year is definitely a great financial decision. It is better than buying a house with 300k mortgage while you make 70k in income.
@@tvuser5557 There is a huge cliff, you are taking it as a math problem. This is a people problem. There are alot of single parents that quit studying and yet she will have the debt. There are alot of people that quit studying period. IF EVERYTHING GOES PERFECT you are correct. But that's the thing with debt, debt is guaranteed, finishing studies is not. As DR says, he has met people over 30 years that quit college for all kinds of reasons. If she takes a loan and quit it's a huge set back. If she takes a loan and stop working while studying, it's a huge pressure on her boyfriend (by the way, I think he is being used heavily) If she takes a loan and finishes but wants to become a stay home mom, there is huge pressure on her boyfriend or worse her parents. If she saves first or pays as she goes, all of these bad outcomes go away. Don't go into debt, DR is 100% correct, life happens and debt never cares for what happens to your life.
@@tvuser5557 but to his point… if she doesn’t finish you have 300k in debt with no asset to back it up. It happens all the time. My coworker went to pharmacy school and dropped out… hated it. But was left with 125k in student loan debt with no job in that field. Absolute idiocy. But hey… do whatever you think I guess.
I had to go back and listen to it from the beginning again. While she didn't say she wasn't already in the program, she certainly presented this as an idea and not something she was already in. She's all over the place. She has so many excuses not to get married. Thinks living with her parents is a solution if she loses the boyfriend. 🙄 The best part of this call was Dave hitting the mute button. 🤦🏾♀️
She is used to extracting what she wants from ppl who she perceives to have it even if she plans to do it her own way or even if it inconveniences them. In this case, Dave’s wisdom. In her bf’s case, his money through school. In her parents case, their home if the bf breaks it off.
She doesn't wanna marry him. She's pulling out BS excuses not too, plus you can hear her groaning when Dave tells her to get married. She just wants a free ride to her new career.
"really small wedding" = don't want her family to know she's with him, doesn't want any social consequences when she divorces him. Women in love want to show off their dude to everyone.
"we want a really small wedding" no you don't. you don't want to get married at all. this girl is problematic. "I can live with my parents if I have to." Glad you're parents are your back-up plan after your boyfriend- seems odd to me.
dont mistake financial stupidity for not being able to do your job...... MOST people that are great at their jobs are horrible with money....like i havent dated a single women good with money and a plan to retire
Perhaps she thought that Dave Ramsey would bend his principles because she was going to study Nursing. Well, Nursing is an excellent field, and you will never be out of work. However, her plan sucks. Big time. And I don't just mean the finances.
May be book smarts, but not street smart- be honest with Dave from the beginning. She may be using her boyfriend just to support her through school; I’ve seen it too often.
That’s probably the case with him, but generally speaking medical is going to require six figures for schooling. Unless you already make six figures you’re not cash flowing that. We don’t all have rich dads willing to pay. As long as you tackle the debt immediately with your better income it can be fine
As someone who has followed Dave for years now I can honestly say he’s helped me in so many ways. I’m 26, have a college degree paid for in cash, a car I own etc etc. With that being said, if everyone went to school following his rule of not taking out debt we’d have a shortage of engineers, doctors, nurses, physical therapists, lawyers, etc. I picked a cheap degree
Exactly. Immediately after Dave says “I’m not going to tell any nurse anesthetist student to take out loans,” I would looooove for him to elaborate on how he expects those students to save up $300k for the degree. It makes no sense. Is it a little risky? Yes, but professionals have the lowest rate of default on student loans of any group, and she would be able to pay that off in 2-3 years (like Dave admitted), whereas saving up $300k on a nurse’s salary would be much much longer. Dave’s advice doesn’t really paint a workable picture for professional degree programs.
You also have to think if people weren’t taking out debt colleges would be forced to lower tuition to keep their enrollment up. Supply and demand works for college to.
College is so expensive because we can get loans for it. The government backs/creates theses loans, so even if the cost of tuition doubled overnight, we would still be able to get loans. If people stopped going into massive amounts of debt and went back to paying cash for class, the cost would decrease because either way, they'd need bodies to fill those seats. Supply and demand. Tuition will continue to increase because we will continue to pay at these prices. Oddly, it's the trades that have much better ratios. My plumber charged us almost $200 for a quick 30 min fix. If he even went to a trade school at all, he didn't pay tens or hundreds of thousands of dollars for it. He also has a very secure job.
the poor boyfriend , paying for her education and living, along with kids that arent even his for a girl that doesn't want to get married. she is going to use him for money then just leave one day
@@kartboarder22g17 shes not crazy this is how people think.. at least she picked a field that pays well what she doesnt understand is that they did a study and found going from 80K to 250K doesnt increase your happiness
Unfortunately, she using this guy. As Dave said, she playing house. We read it or watch people breaking up , once the debt is paid off. Dude come across like a simp. No way I am paying her debt. We paying it together as best case If we.gotten married.. the caller is avoiding to get married. She using all kind of excuses.. She can go to court and.sign paper work. I bet she used her parents to paid off undergraduate degree. Now, she going to used the BF.
She gave me a whole headache. She was much skating around the facts too much. They better go to the justice of the peace and have an actual wedding later.
Yes, she's using him, and there are many red flags, poor guy being a step dad, supporting the girl through college only to be dumped. I hope I am wrong as that will be evil on so many levels.
Yeah, I am a woman, and I am appalled by her exploitation of her boyfriend. The least she could do is repay him with lifelong loyalty in a marriage union, since his investment is permanent and unrefundable. If her answer to marriage is a bunch of excuses, he needs to run. I would say the same if the genders were reversed.
@@caribbeanbound8357 yup sounds like typical single mom stereotype of I need a guy to support me while I deal with my career then I am breaking up and going on my own.
I really don't like how she wasn't forth coming initially. She wants help but doesn't give all the info. I Don't trust her. There's more to this story that she isn't saying.
So how exactly are people supposed to get these degrees without going into debt? You can't do these programs part time while working during the day. So are these degrees and programs reserved for only the individuals coming from wealthy families who can cash flow the whole thing? At some point you just have to take a gamble and go for it. If you're good enough to be accepted into one of these programs then you have to believe that you are good enough to pass the test at the end.
It's definitely possible! Rhianna Ferial has some videos on this very topic. Neither her nor her husband inherited any money. If you want someone to advocate for taking out student loans, Dave Ramsey is the wrong channel to watch.
@@irawr256 She travel nursed? That's the answer? You're gonna tell a lady with a 6 year old kid to go travel nurse? Travel nursing is great if you don't have anything tying you to an area and allows you to jump around the country to follow lucrative contracts. Rhianna also has a husband helping support her and pay the bills. That stuff is fine but what about people going to med school to be an MD? There's no preliminary job you can work to save up money for MD school. You get your undergrad then apply to med school. You don't work as an almost doctor and save up money before going to med school. I like a lot of Dave's advice on debt but he has a total one size fits all mindset that just doesn't apply to some situations. This is one of those situations.
@@josephburton3232 Travel nursing is how *she* did it--I didn't say everyone had to follow her life exactly. I'm not sure what you're after here. This channel is meant to inspire and support folks who want to live life debt-free and pay cash for things rather than get into debt. That's what this channel is about. If you've ever heard of Dave Ramsey before this, you knew that coming in. That said, I'm solely focusing on the CRNA school idea here for the following point: Let's take your example of single mother with a 6 year old and works as a nurse and flip the situation. Let's say instead of the $150k (which is a more realistic higher price of CRNA school--$300k is bananas) being a loan she wants to take out, it's debt she already has. Would you tell her she can't get rid of that debt within a few years? That she couldn't pick up overtime or pick up shifts with crisis pay and multiple shift differentials to make that money? That she and her child couldn't live below their means for this short-term sacrifice? So, with that mindset, why couldn't she just save that amount instead? Now she doesn't have to pay interest on the loans, nor does she have to live like a pauper once she does make the salary of a CRNA. She and her kid could be financially free. Again, this point is to this video precisely. As far as med school, I could see taking out loans, but even then I'd rather see someone make a financial commitment or work and save or get scholarships before diving in to a huge pile of debt, especially since they may not complete the entire program, as we've seen many a time on this channel. To each their own, though. Just know Dave won't agree regardless.
Everyone here is missing the point, she is living off someone else that she isn't married to, signing up to pay 300,000 of debt WITH A 6 YEAR OLD CHILD! With no ambition to marry this guy!!! This is a mess not a math problem!!!!
I just want to know how long it would have taken to save 300k. Not everyone wants to wait a decade before attending school. She should have just paid off the debt when she graduated and not called Dave.
Lol my wife & i were renting when we got married. We bought a while afterwards, but I didn’t realize there was a law that says you need to buy a house before marriage…😂
It cost $110 to file court papers to get married and $1000 for a small wedding. She wants a $40k wedding. She could attend a few classes at a time, pay as you go and take a few years longer and be debt free.
Nurse Anesthetist or CRNA; it is a very demanding school, extremely competitive for instate public institutions. It's a 3 years program that award DNP (Doctor of Nursing Practice), whether it requires or not; you don't want incompetency.
I follow a lawyer on RU-vid. She always stressing about her loans. She says it's ironic because she went to school to make more money. She's only living off 60%. It's so sad.
Based on her answers about the wedding, she absolutely found a simp and will drain him completely and then find a doc to marry instead and she has her parents wrapped around her finger too as a backup plan. God the women in this world are so crazy.
This is a perfect video where Dave knows he's wrong about student loans/debt always being bad, but he still won't admit it. Taking 300K in student loans to increase income from 70 to 250 for the rest of her life is a great deal. Worrying about crazy unusual emergencies is stupid. There's always a chance of catastrophic situations happening. To not take a great deal because of the potential of a catastrophic event is absolutely idiotic
Dave totally missed the fact that she is looking for her future doctor husband at medical school, and will dump her current bf once his money isn't enough.
The dress-up party (which is what you are confusing with the legal union) can wait for when you can afford it out of pocket. Go to a JOP this weekend, have some friends over for a BBQ, make a memory you can tell for decades. We know you're book smart, time to be life savvy.
He’s paying her tuition too!! My lord!! Guy is a father not a BF. I pay for my girlfriend more then she pays for me because She is younger and not career settled yet but not to this advantage
I am in kind of that situation but a bit different. I graduated in 2002 with a BS in Computer Inf systems. I expected to be making at least $80+k with my degree by now. I am making far less. I have been married for 12+ years now.
