In The Red On Overdue Tax Payments - Til Debt Do Us Part 103 - Physician Heal Thyself 

Great points!! Lots of money are spent to impress others.

👍🏻

Well said!

True! It was just a fad...

It just evolved in Erin Condren and stickers

Mm some people still like to do it

@@angelikalaser7778 exactly what I was thinking! 😂

All the scrapbooking shops around me closed.

What are you ranting about, idk how long you been teaching but i went thru grade school in the late 80s early 90s.. they taught us basic economics in home-ec.. we also learned how to use a stove and cook.. we learned how to use table saws,drills etc in wood shop.. these classes barely exist in a few schools anymore..

@@Liimpy this part!! I was taught how to invest in a math class at school. Depending on the school you went to, you may have learned some basics. In high school they taught us how to write a check. When I worked at a college, one of my students had no idea what to do with any part of that check.

It's about education. If the parents don't know, how will they teach their children. 🤔 This is why it's not hard to put even a small segment for budgeting or economics in a math class. Your ranting about something thats been done and is successful. A lot of people do not know basics. It's not an all out fix but it helps. I learned basics then my job offered financial counseling. I took it upon myself to go and I learned how to budget from there. In turn I teach people around me. Kids and grown people.

When I was very young, I got an allowance of a quarter every week. If I held onto the quarters two weeks in a row (instead of spending or putting in my piggy bank/saving), I could trade that 50 cents in for a dollar instead of getting another quarter. It was a cool introduction to investing that I wish my folks had expanded on or helped me get a jump on with a Roth or something.

I completely agree. Parents need to step-up and teach their children about finances. Of course some parents are clueless and need to educated themselves. I wish so much that I'd been taught more about finances when I was growing up. Anyhow, when I was pregnant, I found out about a fantastic book called 'Money Doesn't Grow On Trees'. And I followed the advice with my son who is now almost 15, and has a very healthy bank account for someone his age. We've planned with him about how he can attend University without the weight of a massive student debt hanging over him after he graduates. He and his friend are always coming up with money-making ideas, and every time they earn money, my son puts it in his bank account. I've very proud of him and the way he thinks about the future when making decisions about spending money.

They did put stuff on their front lawn and give it away. They probably could have made a lot of money if they had a garage sale. You had a good point, though.

I’ve never had a garage sale, and never will. I don’t relish the idea of arguing with strangers as to whether my item is worth the $5 price tag, or would I just consider giving it to them for a quarter. I give to charity thrift stores or Value Village. And I believe that is exactly how this couple felt. And in this time of Craigslist I run curb alerts. I put the stuff on the boulevard and am always happy when it is gone at the end of the day.

When I was a freshman in college my roommate was this rich. She threw away everything, new mini fridges, shoes...she lost six pairs of ray ban sunglasses (at least $200 each) in like 2 weeks. She was a Tom boy, but she was proud of a skirt she "only" got for $100 Instead of $300...but she never wore it...

This is why I walk around my wealthy neighborhood before every garbage day lol. It is wasteful and people are too consumerist. But I understand that for these high earning people, their time is more valuable then a sale would be worth. This doctor said his salary is based on patients, so he could probably earn more by doing an extra few days of clinic then devote the time to a sale

​@@MoreMedicationall that could've been condensed to "I'm entitled and extremely rich".

I grew up in a very affluent town in NJ (suburb of NYC) and our neighbors had garbage sales. Wtf

Too proud to have a garage sale.

Yet they went on a national tv show so everyone can see how screwed they are.

Nobody wants it. Hello consigmnent stores want it. They are just too proud to do it.

Affluent neighborhoods are populated by people who want new/individualized items. Few would frequent yard sales.

They seemed like complete snobs to me. I am betting they divorced.

Amen

Bubbles lee F agreed

I agree, We used to have this required in school until the 90's. I graduated in the 80's and we learned this, how to read contracts for loans and jobs, and how to do taxes. we had 'pretend jobs' with preset salaries and we had to budget our apartments and cars and everything like that. I was shocked when these types of classes were not only not required anymore but not even offered anymore.

@@anniekochera Yes!They keep it mum so they can be debt slaves..

@@anniekochera Absolutely agree! I think it would be eye opening for students, as well, possibly even show them how hard their parents work to provide for their families. Classes like that can be brought back into schools; it just takes many parents forcing the issue through teachers, principal and/or school board. Also, I saw a snippet of a Suzy Orman program once wherein she said “Clutter costs you money.” That had a profound impact on me, and I’ve come to realize the veracity of that statement. So glad Gail got this family to declutter their home.

The best part is, the garage sale would make more money than the store

FOR REAL HOOOOOOOOW?!?!

@@myyt3824 My guess is as a doctor, he's self-employed. He clearly wasn't setting aside the 30% to 40% of his income needed to cover social security (15% for self-employed people), federal and state income tax. May have been true with her self-employment income, too. When you are your own boss, you are in charge of your own paycheck including paying all the thing employed people automatically have deducted from their paychecks.

When you're self employed and neglect your taxes you quickly end up in a huge mess.

Can you imagine what the taxes are today??? This show aired 10-15 years ago. I hope they are doing well.

@@TheKatyMadisonThis is Canada, so things work a bit differently, but yes

Interesting to see that a doctor doesn't necessarily make all that much money. He was only a little bit above $120,000 and he had to make sure he saw as many patients as possible.

@@gonegirl4690 this was a decade or two ago and he's in family med which isn't as lucrative as others, also might be self employed so could be building the practice to make much more in the long run

The funny thing is they are ready to be on TV. The neighbors would know anyway.

@@sofronitskytiti well you did hear him ask at the beginning whether that messy closet was going to be on tv. I think that was a real wake up call for him.

​@@lolareh8756yep that was funny

😂😂😂

What even is that?

@@Natalie-Cornacchione jet ski

Who would 😂

I'm a nurse and one of the doctors I work with pays $3500 a month in student loans and bought a 650k house, zero down, the payment with taxes/ins is over $4500 a month. Never mind the cars, the electric bill, the stay at home wife and 4 kids. He works EVERY DAY.

The reality is not only do they have the debt, but they have absolutely zero financial education. They take not a single course in Personal and Business Finance so when they’re finally ready to practice they don’t know what they’re doing. It’s insane. And because of their naivety, anyone can tell them this or that fad (or just plain awful “plan”) financial plan or strategy is the way to go-and it’s not. I’ve received better financial advice *and they would too* from my local credit union and saved big bucks on fees associated with commercial banks-and these people are clueless most of the time that there’s any difference between a credit union vs. a commercial bank. They also don’t require the billing they outsource to compete for their business, the firms they use to file taxes quarterly for their taxes, office cleaning services, supplies etc.to compete either. These are just daily overhead vs. income realities they don’t know a thing about. Some of them didn’t even know to escrow their taxes on their real estate, thinking the mortgage payment covered that and instead get hit with these tax bills they’re unprepared for. Sigh. It’s a mess of ignorance-simply not knowing and hubris-and we all get hung on that petard at some time or another. A practitioner like this one who isn’t a Specialist doesn’t make big bucks. Family Practitioners and Internists are desperately needed but Specialties are where the money is-we all do what’s in our best economic interests and that pot a gold promised at the end of Specialization training looks damn good.

Married to a dr. We paid our first house off in eight months second house in four years. However we had no University debts as my husband went though in the 1980s in Australia when Universitys were free.

@@suekennedy1595 Good for you! There are exceptions to every rule.

Dave Ramsey calls it Docitis its sad for them to work so hard & be so smart. But blind in their finances.

It looks like Rob fell into the image/ego trap. His overhead and taxes, student loans would have been really high and by the time you are paying all that interest he learned that he wasn't nearly as wealthy as his "image" was. It looks good on paper (Dr. making 120K--15 plus yrs ago) but the reality is something else. My income has been much more modest than their's. I made tons of mistakes myself but I tried to move on and learn something from them.

That’s too bad

That's so sad.

How do you know that?

Wow thats awful

Oh my. Sorry to hear that.

Well almost half of it is back taxes and bank charges which don't really count.. but even 10k spending a month is ridiculous too

Must be easy if you think you're too rich to fail.

I don't even make that much.

@@wendyfransky423they don’t either 😂

This was close to 20 years ago.

Family docs don’t make a lot because they run a business with a lot of overhead including staff. It’s why they are so hard to find in Canada. Most med students now specialize in things like emergency, cardiology and anesthesiology.

He’s Canadian

I am curious. What do you mean? Are doctors paid by the government?

@@bovnycccoperalover3579 yes, our taxes pay them. The doctors are paid a service rate. They money they make depends on what service they preformed and how many patients they see a day.

@@bovnycccoperalover3579 yes they are. We have universal healthcare.

stitchesbysue I know right. I wish they did a "where are they now" update after each season.

stitchesbysue a

Rob passed in 2015 Yvonne has never remarried the 5 Boys are all grown up and doing well!

@@macylavallee1886obituary says 2014

I'm widowed too, but have 2 children. Thankfully my late husband and I were good with our money, and he made sure to take good care of us. You, are a Super Mom

Sucks to suck

@@xkaokdkl11933 stop shopping! Life is good.

You don’t feed 5 boys. My one son ate 5-6 big meals a days in high school and university during lockdown. My daughter ate normal except for one month as a 14 year old teen. Don’t gloat!

Naomi Talking Money me toooo

I’m not sure where I recall this from, but he passed away not too long after the show was on.

Rob passed away in 2015 yvonne has never remarried

@@macylavallee1886 Damn that's awful. Do you know why he passed away? Was curious about this couple aswell, partly bc the monthly overspend was the highest I've ever seen on this show. Hopefully it wasn't money stress.

@@colleenduffy1139 he passed due to lung cancer, the family just had a bunch of work done on their house and the show added how much they spend on the new renovations to their monthly total they spent but in reality it was much lower! I’m dating the youngest son!

@@macylavallee1886 Very sorry to hear that! Thanks so much for taking the time to reply. I can relate to the reno costs, that makes more sense.

I never even knew such shops exist.

@@bovnycccoperalover3579 I think they were quite popular for a while. This show ran from 2005--09. I could be wrong but I think that scrap booking store was close to the Beaches (there was one there when we first moved in that area years ago that looked very much like this one) I believe that the dollar stores started supplying scrap booking stuff. It would have been hard for her to compete with that. Hope they are OK.

Someone posted that he passed away in 2014

Didn't she say she was selling hee business?

A scrap booking hobby store? How is this sufficient income?

@@back2the80s it’s not.

I agree w/u. When Gail was speaking to them separately at the end & Gail asked her if she was cleaning out the house to get ready to leave him, I didn't believe 1 word she said by the way she was talking & answering.

@@back2the80s I think that this was about 20 years ago and scrap booking was a booming business back then but I don't know about it being able to carry a whole store. The outside of their house looks high-end but the inside I would not say was fancy. Part of it may have been because it was cluttered and part may be because now it looks dated.

Yikes @ the trophy wife with the SCRAPBOOKING store lmfao 🤣 they’re both fools, but she’s delusional

I wonder why they didn't involve the kids. Maybe have the kids put together the yard sale and keep the money they made.

@@nancydavidson2295 they might have behind the scenes but just didn't want their faces on camera since you can see them helping in some scenes

You can see it in her face and hear it in her voice: embarrassment. That was the reason. Also, I think they didn't want the neighbours get any of their stuff for a fraction of the original price. I see it in my country as well. People would rather throw stuff away or donate them to a thrift store than give or sell them to friends, co-workers, family and neighbours. Enviousness, selfishness, egotism.

They'd have cleared 2k easy. They just didn't want to swallow their ego or allow "the poors" onto their property.

It just meant they were not really greedy when it came to money hence they decided to donate and gave away their surplus stuff. My auntie who was always doing well financially opted for a garage sale thinking her stuff had value where in reality they were not. It just showed her greediness when it came to money instead of giving away free stuff to family and friends or donating them still thought about financial gains in return

Not all of it was consumer debt. She had a business Visa that they consolidated. And we don’t know if the other loans that were consolidated were unsecured-they don’t specify.

No they don’t. They live on his income. Her business brings in nothing. She does not draw a salary. Any profits pay the rent, stock and her staff.

He passed away after a brief battle with cancer in 2014 :(

Tragic! I hope they did pay everything off and he had some good years. He died only 9 years after this show aired.

Just like everyone else looks older than they did 15 years ago. What an odd thing to say

He nailed it when he said he was an ostrich. I certainly was for quite a while and I am still working on it.

This is from 2004

Right? And this was shot in 2004. Of course, it’s Canadian dollars, but he doesn’t pay taxes so they have plenty extra

So true!!!!

Yeah you’re not going to make much scrapbooking I would sell her business or inventory and get a real job with a real paycheck

He's only book smart. He isn't street smart and lives in a cloud. It's unfortunate.

Heard he passed away from lung cancer in 2014, 9 years after this episode aired

Didn't he have an accountant!

They aren't rich!

18,000 not 1,800

Very true.

I understand what your saying and some people after divorce are truly done with marriage.

She spoke about selling the store. I hope that she did.

It’s a hobby by which you put photos in fancy albums to keep them forever,it started in the Mormon community and by a multi level marketing business.It’s very very expensive and not so popular anymore.

@@suekennedy1595 sounds riveting

@@suekennedy1595 Is that not just a photo album? What do these shops sell? We don't have these in Ireland & haven't come across them in Europe either.

Something bored white suburban housewives do while watching soap operas and day drinking ‘til their kids and husband come home

It’s not popular anymore because most people do scrapbooking digitally

He owns his practice so he won't make as much as a multi doc practice. He's responsible for his employees and office alone

Yeah but he is in debt from overspending, not medical school. In Canada medical school is 50k vs 200k in the US. The debt to income ratio is still better in Canada.

That shows how well it does work If he earnt more where would it come from ? It would be robbing from those who could not afford it

This was recorded in 2005. These days the average salary for a family physician in Ontario, where this was filmed, is now about $250K. I think a young doctor probably starts a bit lower, from what I've read online, but an experienced family doctor can be making well into the $300,000 range.

Probably embarrassed because, apparently, their status and reputation, was more important than any money that they would make in a garage sale.