This is the downside of law school and medical school routes. Some people never pass the bar, some people cant find a medical residency or don't pass their medical exams. So they are stuck with lawyer and doctor debt , but never get to actually become a doctor or lawyer.
Aliyyah What’s interesting to me is I’m in the aerospace field and only had a $12k student loan,paid it back in 3 years,and make $20k-$60k more than most lawyers.
. Mom gambled she deserves her gamble result, either rich daughter she can mooch off of or loose it all. Should have taught her better and not got greedy considering realistic expectations and should have had her do something easier pays less
She has no priorities. She laughed at not passing bar. She had no money for Feb test. Dave didn't even ask her how she will have money in July. Chances are she never passes and has debt for a long time.
So someone who made it through undergrad, law school, has 2 jobs and is looking for a third has no priorities because YOU believe she laughed at not passing the bar? Jesus. Some of you people.
I seriously can’t wrap my head around the way America works. You telling me she went to school, was qualified for the job, and they told her NO because she went to school⁉️🤦🏾♀️🤦🏾♀️WHAT??????
Sir We Are About to Die She wasn’t talking about passing the bar. She said she applied for a government job. They told her she got the job but when they ran her credit she was in default on her “school loans” so they declined the offer. Basically she owes the government money and they not going to allow her to work for them because she owe them. If they would have gave her the job she could have paid off the loans, that they are complaining about.
It must be incredibly stressful trying to prepare for the bar exam while dealing with debt and creditors, knowing that your livelihood and your ability to pay them back depends on passing this test that you've already failed twice.
Passing the bar exam doesn't necessarily solve anything in this case. She still has to get a job as a practicing attorney and it has to be one that pays well. For her mom's sake I hope that happens! Either way, yet another student loan cautionary tale.
So true. Dave is behind the times on this matter. If you can become a Dr you still have great prospects, but the legal job market has changed. If you went to an elite law school youll likely get good oppurtunities but if not, the industry is not what it used to be.
SilvioManfredDante85 It’s really not a big deal. It’s a financial tool like credit/debit cards. Just don’t be lazy . Read the loan documents and do the math, think seriously about your career choice, and make a decision. I took out a $12k student loan and paid it back in 3 years because I figured out what I could afford. I’m in aerospace and make $20k-$60k more than most lawyers with better benefits.
@@blackworldtraveler3711 I got my CDL years ago and now make over $100,000 a year in the Texas Oil Fields. My best friend back in Tennessee is also a truck driver, and he makes about $60,000 a year. His wife is a registered nurse who still has over $50,000 in student loan debt and even after she pays all of that off, she still won't make more than he does trucking.
@@blackworldtraveler3711 Congrats man. I'm a guy w student loan debt and dont make as much as you. My wife is in same position. You and your friend are success stories. There are many out there like you that aren't as successful.
This makes me sad. Girl I went to law school and did not want to be a lawyer and I never took the bar. I am now a Director at a state agency. You can do it.
I am a practical person and thinks that she should take ANY job just to get an income. For example work at a large corporation in the "legal" type area just to get some sort of income. Or use her other degree to get some money coming in, such as a school counselor. This is why I did not want my children to put any of their loans in my name, I have enough debt of my own. God Bless this lady.
@@blackworldtraveler3711 Comparing debt to slavery is completely and utterly lacking in perspective. The funny thing is that I'd wager that it's primarily people from relatively well off households that do it. People that are used to not having a financial care in the world because mommy and daddy take care of everything get out into the real world with real obligations and suddenly "slavery". Gimmie a break.
this is why people shouldn't go to law school unless they go to an excellent law school (top 50) and have some financial support and or really good plan. DO NOT take out private loans for school. EVER. Also do not go to law school if you're not going to be able to pass the bar, and or move to a state that has an easier bar exam.
There are good service jobs available everywhere. Get a server or bartend gig at a nice steakhouse or upscale datenight place. You'll work hard for five hours or so and take some bank home. Wake up fresh and study till your dinner shift. Leave Rover to someone else... 🐶
This is difficult to do unless you have prior waitressing experience. An upscale restaurant or bar is going to want waitresses with experience - she’d have to start somewhere lower (like an iHOP) if she doesn’t have any waitressing experience.
@@mle011 - these are fair points. No dinner-house will (willingly) send a random newbie server out onto the floor to sell $75 prime rib or line-caught fish, with sides priced separately. And a big wine list to master (or at least be familiar with) .....etc. Yes, you are right about that. But in this tight job market, there's a shot at better job than fast food or delivering pizza. A friend needed a gig job with decent pay and short evening or weekend hours. She wound up at a upscale seafood buffet place, in a four-star theme park hotel. She brings cocktails, ice water, and coffee when they get their own dessert - and the bill. That's it. Busboys set the tables, clear dirty plates and refresh the tables when guests go up for each course. Diners get their own chowder or shrimp cocktail, salad, main courses and even dessert. It's a gold mine. Most people tip as they do in a typical restaurant setting, where the server describes all the dishes, heeds special requests/allergies, takes orders, suggests wine pairings, and hauls everything out on trays and so on. Granted that is a fluke - how many jobs like that are there, really. Not many. Would that there were....
I have a lot of lawyers as clients and many don’t even make over 100k 😂 still a small shovel to get out of 212k (after tax take home pay which Dave still refuses to recognize )
Krassimir Petrov Had been in debts until I met Tony .. Tony paid off my car loan and my credit card bill in few minutes. Contact Tony on +1(2-5-1-3-0-4-5-3-3-2)
Dave has a problem recognizing after tax salary. He quotes repaying debt with before tax salary. lol And be careful with the Investor Pros, they are all heavy on the sales, and one told me he doesn't agree with Dave on some things.
Yep. A good friend of mine was really struggling financially some years ago. She applied to get a job as a teller at a bank in her town, and they really liked her, offered her the job, but then had to retract the offer when they checked her credit. It was such a huge blow to her as that job would have really helped her family. I'll never forget that.
Neal P of course but the idea is to NOT get in debt which is why he refrains from such nonsense. Good credit gives you opportunity to take out loans but his advise is to get out of debt. Are you putting two and two together? 🤔
If you mean, having good credit as opposed to bad credit, then Dave would certainly agree. He has said plenty of times before that you either should maintain a high credit score, or have no credit at all, with the latter obviously being preferable for him.
Between myself and my husband we have $135K in student loans. Unfortunately, we fell for the trick! BUT thanks to Dave we are paying them off and becoming DEBT-FREE!! Thank you for everything Dave!💛
Dave is a smart guy, but when law school grads call in my blood pressure spikes in concert with his Clueless Boomer Syndrome acting up. Law is a devastated job market, and nobody who's failed the bar twice is going to get a 100k a year job, even after finally passing it.
Yeah he has this false notion that everyone with a law degree makes 100k+ a year when the reality is that over half the people in the U.S. with a law degree aren't even practicing law, because there isn't enough money in doing it.
Only if it is cheap or free, thru scholarships, fellowships, and jobs. I took loans for my Master's but I luckily got a good job to take care of it -- NOT ideal though. I would do it differently with the financial knowledge I have now.
Some professions require it. You can’t be a vet, dentist, psychologist, or doctor without grad school. For everything else, I think that’s a valid question.
Go work at a corporation, chances are all You’d need is a masters to be a CFO one day but that depends on the market ur in and how ambitious you r. Yet My other uncle retired from Microsoft at 50 YO and only had an associate degree... depends on the regional market u work in! Just wait for the economy to collapse in the next few years. I hope your able to be mobile
The Conservative Liberal yeah for me I’m in my late 20s....I’m like if I get to salary ceiling that’s fine because I can use being debt free to fund other goals and ideas to create a second income .
Jack Elliott Vermeer I’m a civilian employee for an LA police dept, and they definitely do. They check for collections and frequent moves in a short period of time. Been here for 17+ years.
She lost a bit of credibility when she said she missed the one test because “tests cost money”. I mean if you are knowing that is your only way out, how did she not do whatever it takes to make that test? Am I missing something here?
@@vanessahanible3464 If the test is the difference between making $100k a year and flipping whoppers for the rest of my life I'd sleep in a car if necessary to get it done...
Why in the world would a job check your credit????? I dont understand that all. What in the world does someone's credit have to do with their skills in the workplace??? This is baffling to me.
With a JD degree, she could look at IT sourcing manager positions. IT sourcing is usually looking for people with JDs to negotiate large systems contracts
Good luck getting a decent paying job with only a JD. You rly need to pass the bar. I am an attorney and just started my own firm after 5 years of practice. I enjoy the freedom. Maybe once she passes the bar she can open her own firm and make it rain. It could happen.
FYI, "getting a good law job" isn't easy w poor credit. Character and fitness committees frequently bar applicants to the practice of law if there is substantial debt. Again, here, the rationale is an atty may have insentive to steal client monies if he or she is in debt.
Lots of jobs check your credit, not just the federal government. Dave sometimes has to realize that having good credit is important regardless of his point of view about it. He should be preaching that information to listeners as well. She should not be walking dogs with a law degree. She may not pass the bar so she needs to come up with another plan than passing the bar.
Dave does recognize that having a poor credit history/score can have negative effects, but that is not the same as no credit history at all. You don't need to maintain your credit score just for employment, employers only check your credit history for negative items such as bills in collections, bankruptcy, foreclosure, etc.
He has a point though, you're not gonna be paying off $200k+ in student loans making $30k a year. Although these days there are quite a few tech jobs that pay as much or more than doctoring and lawyering.
@@ErrorPagenotFound-ig1cy He actually said anyone that requires a good credit score isn't worth working for. Easy to say when you're a rich talk show host.
As long as u save and don’t borrow Good credit score becomes less important. If I have tons of money in savings and never borrow money and apply for some job that requires a hi credit score, I’m pretty sure they Will see I’m a good candidate.
@@pthemac1741 a community college gets you a. Associates degree. Your earning potential can increase substantially with a bachelor's degree. That's where most people incur debt. Some people can't pay for college out of pocket fyi.
I experienced living in that employment "no-mans land" for several years after I graduated from law school until I finally passed the bar. Employers are reluctant to hire you since you are neither a student nor an attorney. She is right as far as attempting to get a paralegal position. A law firm assumes that your goal is to become an attorney, and, you will leave such a paralegal position once you are admitted to the bar. I wish her well.
Universities need to be on the hook for loans. If they choose students based on endowments or demographics rather than raw talent, they should be partially responsible when their picks cannot repay the debt.
I don’t understand and never will why people take out loans 😭😭 I graduated high school and saw many people go straight into college many failed and had to retake but take more loans.. they once told me I don’t regret it the college experience is amazing and the people you meet can’t replace the experience. I work as a plumber helper and make more than $680+ week 5 days a week & have potential for more pay if I keep learning. I want a nice car so bad but I rather just buy something cheap and keep saving my money and investing it
Ariel T Had been in debts until I met Tony .. Tony paid off my car loan and my credit card bill in few minutes. Contact Tony on +1(2-5-1-3-0-4-5-3-3-2)
What kind of job is she applying for that checks credit? I'm not sure why you asked that. Here in Florida, basically every job checks credit. It's rare if they don't and that goes down to even the most basic job.
Pink Panda Sometimes I think Dave doesn’t understand that. It’s been to long since he’s worked for someone else. My employer pulls my credit ever 6 months.
Jim Ziemer: It probably has something to do with responsibility. If a person cant keep their financial house in order maybe they will not be a good employee. I would not employ somebody with a FICO of 600 and $212,000 in debt
@Darren Krock if you don't get it, I can't help you. Perhaps you should go back and pay attention to the video. My comment was directed to the person who said it in the video, not to you or anyone in the comment section.
@Darren Krock If you're behind on your bills, there's a better chance that you might be desperate for money and more susceptible to bribery or blackmail. This means that someone with large amounts of debt or bills in collections is a potentially higher risk, especially in any jobs with access to sensitive data that you might be tempted to sell to get creditors off your back.
Dave, tell your law school caller she could teach school with her Psychology degree. I also went to law school, but I chose not to be a lawyer. Moreover, like she, I also have a degree in Psychology. A Psychology degree is much more valuable in the work force than a law degree without passing the Bar. I became an interim teacher first just to see whether or not I wanted to teach. Then my principal pleaded with me to stay and become certified. That is how I discovered that I could become an alternative teacher because I had a Psychology degree. So, I was granted a three year teaching certification. With that certification, I worked three positions as a teacher. (1) I worked from 6:00 a.m. to 1:30 p.m. during the day teaching high school. (2) I worked from 6:00 p.m. to 10:00 p.m. in the evenings teaching adult education. (3) l taught hospital/homebound during the summers. Addionally, because teachers get all of the holidays and weekends off, as well as planning days, I was able to accept gigs as a freelance actress (plays/theater/film festival), dancer, director, producer, singer, and writer on the side. That, and house sitting for an Army Captain, is how I paid off my undergraduate student loans. Teaching will give your law school caller time to study for the Bar, especially if she teaches Social Sciences as did I. Many of the Social Sciences subjects will reinforce information she needs to pass the Bar exam. Of course, she would have to consider teaching at a school that offers Advance Placement, Dual Enrollment, International Baccalaureate, and/or Honors courses. She could also work as an interim teacher which would give her even more time off to practice for the Bar. Interim teachers are not obligated to work every day nor do they have to sign a contract or be certified, and they are paid the same as a first year full-time teacher. The only difference is that they do not get any benefits.
@@justin323032 firstly, my comment was specifically addressed to the host (Dave) and his caller who finished law school and was trying to pay for her student loans while she studied for the Bar. Secondly, you obviously did not read my comment in its entirety nor did you pay attention to Dave's questions to his law school caller. Third, yes, I did pay off my student loan as a teacher, but I worked in several different educational departments as well as worked other gigs on the side. Dave, asked her about her undergraduate degree which she responded was in Psychology. Because my undergraduate degree was in Psychology as well, I offered to share how I used it and my law school education to earn enough money to pay my bills. Fourth, I did not say I went to law school to pay off my student loans, I had already gone to law school before I returned to teaching. That was relevant information in that we, the law school caller and I, were in similar situations. I got my start as a teacher many years prior to going to law school, when I was much younger. After I decided I did not want to be a lawyer I was advised to take the state's Supreme Court Mediation program which would certify me as a paid mediator. I took that advice and relocated to another region to work for the government. However, for similar reasons I chose not to become a lawyer, I left my government job as well and returned home. I knew that if any job did not work out, I could always return to teaching or start my own charter school. Moreover, if one has the right credentials, teaching is a safety net that could help one pay the bills. I reiterate that my Psychology degree got me an interim teaching job, immediately, then a three year teaching certificate. However, because of my law school education, l was recruited by the principal of an Advanced Placement and International Baccalaureate school to teach courses such as Comparative Politics, United States Government, Economics Honors and other pertinent courses (on the college level) that also have basic information found on the Bar exam. These types of schools are where the children of ambassadors, the clergy, diplomats, lawyers, judges, politicians, etc. attend as well as students who aspire to work in the aforementioned fields. In addition to the law school caller walking dogs, she could try any one, two, or all three of the teaching jobs I did in deference to paying her bills. Of course, that is contingent upon where she resides and whether those positions are available in her state. Nevertheless, my point is, there is a plethora of creative ways to legally make money, it just takes keeping up with a full schedule. As the law school caller stated, she walked dogs, and I house sat for a retired Military Captain who still worked for the Military. His assignments required him to travel the world, mostly from months to a year at a time, he did not want his house empty for that long. Thusly, he paid me to stay in his home during the times he was traveling on long-term duties. Did that clear up any ambiguities?
@@GailBecker-MSED-CM-Author you're right, I didn't read all of your first post and certainly not your second. No offense intended, I was just wondering why someone would go to law school and then teach instead. The caller seemed a bit naive in that she didn't pay more to sit for the bar in February because she didn't have enough money. I'm guessing she would make more as an attorney from March to July then walking dogs so she seemed like she didn't have her priorities straight, and Dave called her out for that. Glad you got yours paid off though!
@@justin323032 😃 It is a lot to read. 😄 Thank you, and yes, I was so happy when I finally hit "0 balance." However, I think the caller said she failed the first Bar exam and was studying to take it again. Meanwhile, she will have to pay for that exam again which is very expensive and pay for her student loans too. To abridge my first two comments, it was mainly to share how I paid off my student loans and hopefully, it would help her. Nevertheless, I remember reading something about celebrities partnering with a scholarship foundation to help pay off student loans. I am trying to find it so I can post the link here for her and anyone else who needs help paying off his or her student loans. I just feel compelled to help others get out of this debt.
What's even more sad is that she goes more in debt every time she fails the exam. Not only is she an extra credit student. She pays how much to fail her exam 6 or $700
Mom gambled she deserves her gamble result, either rich daughter she can mooch off of or loose it all. Should have taught her better and not got greedy considering realistic expectations and should have had her do something easier pays less
I just signed up for loan rehabilitation it takes 9 months. What should I do after it to get it removed ( my school shutdown ITT tech ) obviously I'm not in the field I went to college for lol
Lawrence Jacobs I went to itt as well and boy do I regret it. Paying the loans makes me paid because the degree is useless kinda. But almost done paying and one thing I know now is never to let my kids go thru the student loans process
Lol, not to be a Debbie downer, but no one will hire an attorney nowadays unless you graduate from a top 7 law school and especially not someone who failed the bar twice. The way the bar exam is designed, the chances of passing decreases dramatically each re-attempt. Her only chance is to get in at a nonprofit or government job and pray for loan forgiveness and income base repayment. The only degree that is worth going into that much debt for is probably MD/DO or DDS/DMD. ONLY go to law school if on a full ride or only if it’s HYS.
