This girl has never been told no in her entire life.

@aorg9793

22 күн бұрын

If the parents took out a HELOC to pay their daughter's loans, you may be totally correct.

@patty109109

21 күн бұрын

100%. Mommy and daddy have hurt, not helped.

@JudePi-jx7yo

14 күн бұрын

@@patty109109 Well not comletely but at this point yes

@BlakeWheelersBurnerAccount

7 күн бұрын

It’s my money, and I want it now!

Unpopular opinion, but if you can't afford "rising rent," you probably can't afford homeownership, especially with student loans and a car note.

@elizabethallen4353

22 күн бұрын

Not unpopular at all. Facts.

@aschulte7502

22 күн бұрын

probably?

@jimroscovius

22 күн бұрын

And she's whining about interest rates. They were 14-17% in the '70s, and WE SURVIVED!!

@JP-uy9kq

22 күн бұрын

As if my taxes and maintenance don't go up every year. She is clueless.

@commonsense-og1gz

22 күн бұрын

in 10 years of homeownership, she will be thankful she purchased. never trust landlords who get their rent from yearly appraisal, vs a mortgage which is based on just one.

So basically she said : "I want a house, screw my parents."

@thebeegood1731

22 күн бұрын

Her parents kind of screwed themselves. The word “no” is a complete sentence.

@ericb8413

22 күн бұрын

Exactly! Selfish. The parents need to say NO !

@Kris-sc9oc

22 күн бұрын

It’s not like she forced her parents to do this

@BaconMountainMan

22 күн бұрын

You're not wrong.

@BaconMountainMan

22 күн бұрын

@@thebeegood1731 agreed.

So instead of selling her $25k car she puts her retired parents into debt. In addition, she has NO IDEA the true cost of home ownership. Wait until taxes, utilities and unanticipated home repairs kick in. She is delusional

@cutehumor

22 күн бұрын

I'm getting killed with home repairs and homeowner insurance!!

@whosaidthat9265

22 күн бұрын

@cutehumor there are numerous factors that can make ownership a headache. Once she said she spoke with a Realtor and not a lender I was like oh my goodness....you're doing EVERYTHING wrong 🤦🏽‍♀️

@whosaidthat9265

22 күн бұрын

@silentnot4812 I know each state is different but the Realtor shouldn't be talking to her about any of the things she said she discussed with her. The Realtor can't qualify her for a thing, can't tell her loan types, or offer her a buyers cost sheet etc. Waaaayyyy out of line for the Realtor to not send her to a qualified lender to ask such questions. A qualified lender would likely just tell her to wait at least 2yrs, pay down her debt and maybe even offer her options that can help her with her DTI ratio.

@iNick90

22 күн бұрын

Bro home repairs is no joke nobody talks about it until you own a house and then you realize holy fuck, I would love to call at my landlord and tell him to fix something but I'm the landlord. 😂

@TimothyStuder

22 күн бұрын

Yep my mortgage on a 200k house (cheap in my area) is 2k a month with taxes and insurance. That's twice what she's paying currently. Wait until it's an issue and save up in the meantime. Oh and my water heater just busted last night, 1k fix.

"Don't do this" "I'm gonna"

@Capybaraism

22 күн бұрын

🗿

@karyndewit193

22 күн бұрын

Ikr? 😬

@AnthonyMcNeil

22 күн бұрын

Pretty much 😂

@kokoskokso

22 күн бұрын

"I have already"

@LernerMara

21 күн бұрын

😂😂

Her… my career field doesn’t exist in New Jersey. Two minutes later… what kind of work do you do? Social work… guess what! They have social workers in New Jersey. How did they miss that?

@johnmcafee6140

22 күн бұрын

I caught that as well. She obviously has a bit of an entitlement issue. Because she just doesn't want to move back to New Jersey.

@coolaunt516

22 күн бұрын

And there are some fairly large retirement communities in NJ. She could have plenty of work if she wanted to move there--which she doesn't lol.

@burtonmaugans2943

22 күн бұрын

She's likely licensed in her home state and SW licenses aren't transferrable generally without significant difficulty. Mental health workers are often stuck in their state of license.

@cutehumor

22 күн бұрын

she probably works at Unitedhealthcare doesn't want to leave the job because it's a cushy work from home job.

@Ella-Bella2024

22 күн бұрын

@@burtonmaugans2943she could be a travel social worker and make a killing in any state with her license. besides that you're right, licensure is not always easy to obtain in other states for social workers. This is something that needs to change.

Her parents are in retirement and now they are in DEBT for a adult child.

@jimmymcgill6778

22 күн бұрын

You have no idea what their finances are.

@siva47931

22 күн бұрын

IN Debt is different from Having Debt

@TtheAlien

22 күн бұрын

@@siva47931 uhh what? lol

@siva47931

22 күн бұрын

@@TtheAlien In Debt generally means having a negative net worth. For example someone fresh out of college with a $50k student loan and only $1k in their account. Having debt just means you owe someone something. For example the parents could have a million dollars net worth and are taking a $50k loan on the Heloc

@Lumaga

22 күн бұрын

@@jimmymcgill6778 Irrelevant. The caller has no sense of responsibility and just ran to mom and dad to bail her out.

She’s worrying about saving for a house but she is an adult who hasn’t even been able to pay down her debt without her parents help…. She’s set up for failure

@jamesboone3678

22 күн бұрын

I have a friend who's a social worker. She worked 3 jobs to pay off her student loans, and she did it all by herself. She also saved her own house. This girl is a disaster. She will be a no doubt.

@kellyeverett

22 күн бұрын

@@jamesboone3678you shouldn’t compare peoples life circumstances.. also who are you to call her a disaster

@jamesboone3678

22 күн бұрын

@kellyeverett I'm calling her a walking nightmare because that's exactly what she is. She's not willing to work and pay off her debt. She's in a very good situation with her apartment, yet she doesn't want it. For mommy and daddy to take a loan out for your stupid decision shouldn't be their problem. This is exactly why people like me who didn't go to college are not going to be paying for student loan forgiveness.

@kokoskokso

22 күн бұрын

Especially in 2026 when her student loan deferment ends

@kellyeverett

22 күн бұрын

@@jamesboone3678 did you even listen to the podcast ??? She has two jobs !!!! wtf 😳 you didn’t go to college because you can’t even listen to a podcast correctly… holy dumb

She keeps talking like her parents are okay because they are retired, but if her parents have to take out a HELOC to help with her debt, it means they don't have a ton of money, either. 🤦‍♂️

@karyndewit193

22 күн бұрын

Oh my! Why would they do that?? 😬

@treasurethetime2463

22 күн бұрын

The moment I hear heloc, I hear broke.

@deirdrekiely6187

22 күн бұрын

She sounds entitled.

@CajunWolffe

22 күн бұрын

@@deirdrekiely6187 She sounds like the over-coddled single-child syndrome to me. Gez, $68K/year, and a student loan with no other significant debt to worry about with only a $1K/month rent, dang! She has enough leftover income to smash her debt in no time, then save up and buy the house of your dreams in cash!

@fauxbro1983

22 күн бұрын

​@karyndewit193 because some parents are enablers and don't realize they are harming thier adult child

Why did she even call the show if everything is already in “progress”? I wish Dave would have taken this call.

@gmoney4458

22 күн бұрын

Right?! She must have thought she was going to get their approval so she could feel better about the poor decisions she's made and the horrible position she put her parents in, although the parents definitely should have said no to this idea.

@KiLLED5639

22 күн бұрын

Lol damn, I wrote the same comment.

@rayf6126

21 күн бұрын

She is now frightened by the reality of the decisions she didn't understand, that's why she called.

@Sexy40baby1

21 күн бұрын

So Dave could mute her and say "do what u want kiddo"

@Indy_rawr

21 күн бұрын

She wanted validation and tbh I thought she sounded smug saying the papers had already been signed for her parents going in debt for her

Parenting is NOT for cowards.

@tylermassey5431

22 күн бұрын

This needs to be on a t-shirt

@marianao4275

22 күн бұрын

AND SHE HAS TWO OF THEM!! She really didn't get a strict parent😭

@DarthFurie

22 күн бұрын

Words to live by! I will remember this

She just wanted to buy a house. Sorry, Mom and Dad.

@inthebooks3947

22 күн бұрын

This lady is broke

@ericb8413

22 күн бұрын

💯

@jimmoore3767

17 күн бұрын

is mom and dads fault, they couldve said no.

@Ka_Gg

16 күн бұрын

​@@jimmoore3767oh yeah. You can tell she was spoiled/catered to her whole life

She's going to do none of it. Can't help a closed mind. George is wasting the free copy of his book.

@elivasquez5976

22 күн бұрын

Exactly, I'll take that free book anyway. You can't change a closed/made up mind....

She is so inconsiderate of her parents. I feel for them.

@lauren4078

22 күн бұрын

You can tell she feels entitled.

@analyticalchick3064

21 күн бұрын

They raised her. They clearly caused her to be a spoilt entitled brat.

@TheFlyingZulu

20 күн бұрын

It was probably her parent's idea... Who knows?

@KC-kg3ld

18 күн бұрын

Her parents are adults. They can decide for themselves

That is an insane amount of student loan debt for a job that is essentially a social worker. She has been making bad decisions for her entire adult life.

@cutehumor

22 күн бұрын

she went to private college too. hahaha

@stt5v2002

22 күн бұрын

Does she sound like a degree in physics or biomedical engineering was in the realm of the possible?

@channell11

22 күн бұрын

@@stt5v2002 Probably not, but if you're going into a low-paying field like social work, you don't need to be spending a lot of money on college.

@aolvaar8792

22 күн бұрын

@@stt5v2002 My neighbor is offered a full ride to State University, What degree are you choosing? A multi-discipline Music/History BA I asked: why not a Chemical and Petroleum Refining engineering major, "Does not sound FUN."

@kokoskokso

22 күн бұрын

Adult is quite a stretch here

"We live in totally different states." Uhh, New York and New Jersey are literally touching. This woman is already so made up in her mind she's not looking for advice, she's looking for confirmation.

I'm also single and also a social worker. Buying a house is possible--I did it two years ago--but I do not have any debt. I drive a 2012 car that I paid for in cash. Those small choices really make a difference!

@AvalonMisty

22 күн бұрын

well done! may you have many memorable moments in your lovely home

@Sexy40baby1

21 күн бұрын

Two years ago~ it was easier. No car note ~ she has one, plus other debt Discipline/patience ~ she has none

@alycewich4472

19 күн бұрын

Good for you!

@Ka_Gg

16 күн бұрын

Yeah but you aren't cool with that older car! That thing is so old! Does it even have 4 wheels? Is it steam powered? You really need a brand new car to keep up with the cool debt kids

@julieanncheshire9960

16 күн бұрын

@@Ka_Gg It actually still even smells new because I hardly ever drive it and apparently the previous owner didn't either. :)

This chick is off her rocker. Everyone deals with this. Everyone.

Why would she want her retired parents to go into debt for her to buy a house that she can’t even afford? That makes 0 sense.

@myaccount9498

22 күн бұрын

She's selfish

@DoctorSmartyPants

22 күн бұрын

Maybe they insisted

@purplecloud2828

20 күн бұрын

Self centered ,self indulgent ,probably on crap.

"solve for peace, not for imaginary catastrophes that have or haven't happened yet" brilliant advice, wish she could have heard it.

@AnthonyMcNeil

22 күн бұрын

Yup, she didn't hear anything.

She makes 68k and ONLY pays 1000 for rent! That's really good! Don't think she's taken into account maintenance/taxes/insurance, her mortgage will likely be double or more in New York.

@noreenn6976

22 күн бұрын

I wish my rent was only $1k

@o0usf0o

22 күн бұрын

I was paying $1300 in 2011 with a smaller salary. Its doable

@kokoskokso

22 күн бұрын

Yet she's still in huge debt and will be in debt in the amount of her yearly income even after her parents take out the HELOC. Yeah great position to be buying a house. This is one of those calls I want to catch up on a year or two down the line, see what she says. The irony of her being a social worker helping others navigate support systems...

@FirinMahLazer1

19 күн бұрын

She will 100% wind up getting foreclosed on in 5 years or less.

She knows everything. I'm sure her parents are proud.

The parents should have stood up to her and said no, we're not jeopardizing our retirement for our adult child who is perfectly capable of being patient and saving up until she can afford a house.

@Isaacmantx

22 күн бұрын

The parents have an incorrect understanding of what is “helping”, and are instead enabling. They are allowing their emotions to dictate their decisions instead of using sound judgement.

The word of the day is ENABLE

She is living in a financial disaster and doesn't seem to realize it. Her poor parents are trying to rescue her and she doesn't even realize the horrible position they are in because of her. She'll continue to be broke.

@kokoskokso

22 күн бұрын

The irony of her being a social worker helping others navigate support systems 😂

@laurac9075

17 күн бұрын

@@kokoskokso it would be ironic if this wasn’t everyone in the system. Hence why no one is actually getting help or getting better.

"I'm calling in for advice but I won't do any of it"

Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.

@Fredia-fy2xt

17 күн бұрын

You need to hire a financial advisor to help you diversify your portfolio by including Mutual Funds, Etf's, the 11 GICS groups, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings.

@TitaAnderson

17 күн бұрын

That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of £550k, which is about 10 times more than I average on...

@marlisamirabal

17 күн бұрын

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@TitaAnderson

17 күн бұрын

“Angela Lynn Shilling’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@marlisamirabal

17 күн бұрын

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

Her issue is she wants what she wants now and doesn't expect her salary to increase. She'll pay in the long run

@kokoskokso

22 күн бұрын

The irony of her being a social worker helping others navigate support systems 😂

People simply don't understand the mechanics of money. Those Helocs are dangeorus

@jacobawojtowicz

22 күн бұрын

HELOC balances are jumping because people don't want to do cash-out refis. I'm writing them at 8-9% right now 🤢 so people can pay off their kids 4% student loans 🙄

@aolvaar8792

22 күн бұрын

HELOC are variable rate HEL are Fixed.

@Isaacmantx

22 күн бұрын

@@aolvaar8792not all HELOCs are variable rate. Some lenders offer fixed rate HELOCs.

I would not take out a heloc for my kids. It’s her student loan, not her parents. She’s responsible with paying it off.

I was a single parent , my 26yr old daughter saved $180k for a house so I decided to live on a tight budget & save ( without her knowing) and gave her another 40k plus about $4000 on furniture/appliances etc knowing I am still working and have a mortgage free house and healthy retirement fund. I would NEVER mortgage my property to give her a loan. She needed to be debt free with big savings before I considered it.

“It’s not an option not to buy, it’s already in process” Why call? You’re going to do whatever you want anyway. Just go buy your 100% leveraged house. Hope it works out.

@channell11

22 күн бұрын

It's funny because even if you get the loan it's not like you have to use it. Last time I got a car loan I had 45 days to use it and if I didn't it would expire and I'd just have to re-apply for a new one. I'm sure with a HELOC you can either give the money back or pay off the loan immediately.

@anthonyreynolds2365

17 күн бұрын

​@channell11 Sunk cost fallacy. There are a lot of origination fees and other fees the banks charge so that they still make money on a loan you take out and immediately pay off. It also negatively impacts your credit if you care about that.

Parents are pushovers taking a heloc to pay for her college loans really dumb I would just tell her to move back home if she wants to save

@CaToRi-

22 күн бұрын

But if she moves back, she will not be able to do “sleepovers” with the boyfriend… 😁

@pnwflipper2089

22 күн бұрын

Her parents are literally willing to risk their own home to avoid having her in it 😂. She is a real peach. They need to call her parents and teach them about boundaries.

Out of fear, she is trading short-term problems for long-term consequences. All while dragging her parents down with her. Horrible decision making.

Wish Dave were here to tell this spoiled little girl what’s what.

“Solve for peace, not imaginary catastrophe “ WELL SAID John!

I hope she gets a room big enough for her parents to move into 😂😂😂😂

I would NEVER let my parents put themselves in this position for me. Ever.

The way she casually says “it’s already in process” just pisses me off as a parent myself …

These people rarely get the answer they're looking for. They're looking for permission to engage in bad behavior.

My god. Parents - listen up. Learn to tell your kid NO! Jesus.

"It's not an option not to buy." I love these young people and their absolutes...this train wreck should be fun to watch.

@thomasdalton1508

22 күн бұрын

They can hardly talk about absolutes - the whole Ramsey system is about absolutes.

@channell11

22 күн бұрын

Probably from the TikTok school of finance. "If you don't buy now you're going to get left behind!"

@channell11

22 күн бұрын

@@thomasdalton1508 It kind of needs to be with the people they deal with. Financially illiterate and irresponsible people that have gotten themselves into debt and trouble haven't earned leeway.

@tylerk.7947

22 күн бұрын

This lady is kind of ridiculous, but you don’t know what it’s like to be trapped as a renter right now. Trying to save for a home when the average home price is a $420,000, and average rent is 2200 per month. It’s a very, very dangerous feeling situation to be in when you’re ability to save is continuously hampered by rising rent and the cost of purchasing is continuing to go up

@thomasdalton1508

22 күн бұрын

@@channell11 It isn't about leeway. It is about recognising that different problems have different solutions.

Why did she even call?

@JakeStewart1343

22 күн бұрын

To seek pitty

@yenibobenny

22 күн бұрын

@@JakeStewart1343 tough day for her then haha

“Hey, I’ve done a series of extremely dumb things that I’m absolutely convinced are both smart and noble and have convinced myself a much smaller, unrelated problem is actually at fault to deflect any personal blame, can you please help me and my parents make a series of additional compounding mistakes to act on this?”

@hadenanderson563

19 күн бұрын

Well said.

Wtf are the parents thinking?!

@BaconMountainMan

22 күн бұрын

They're not.

@mbank3832

22 күн бұрын

Nothing, because that’s their baby so they will do anything stupid

@miketheyunggod2534

22 күн бұрын

So, you know them right?

@Aki_Lesbrinco

22 күн бұрын

​@@miketheyunggod2534you don't have to know them to make a pretty educated guess based on the situation she put forth. The commenter's comment has a very good possibility of being correct. It's a pretty common thing and not far fetched.

@aolvaar8792

22 күн бұрын

What if they get $25K/month in pensions? Take out a HELOC and pay it off. People use the term HELOC, when it could be HEL, Home equity loan HELOC are variable rate HEL are Fixed. They could pay $5K/mo on it, a one-year HEL.

These Young people think it is so easy to maintain a home. We just have to buy a house because of raising rents. So I will put my parents in debt because I am so self centered. It takes a lot of work to maintain a house

@amireallythatgrumpy6508

22 күн бұрын

No, they know whether something is easy or not is irrelevant. They aren't cowardly enough to make decisions based on "easy".

@janetslater129

22 күн бұрын

It's one of the reasons why I still rent. I don't want to be responsible for repairs.

She doesn't know that the mortgage is going to go up?!?!? Property taxes or insurance!

@conservativelatinausa9005

22 күн бұрын

This!!!

@channell11

22 күн бұрын

Repairs usually aren't too bad if you keep on top of things and budget for it, but she doesn't sound like the type to plan for inevitable property tax/insurance increases or the useful life of an HVAC unit or a water heater.

@benmyers9030

22 күн бұрын

​@channell11 everyone knows renting is cheaper! Why buy a house that goes up in value? Something might break on your appreciating asset! Better to just light the money on fire! Burned money can't break!

@amireallythatgrumpy6508

22 күн бұрын

Those are not the mortgage. Those are separate payments

@CarlaQuattlebaum

22 күн бұрын

Exactly! It will most likely go up due to rising property tax and homeowner's insurance. Hope she hasn't got some crazy idea that the mortgage payment can never go up. She'll learn otherwise.

"Your biggest war is on math." 😂

Wow, her attitude is quite shocking. It's one thing to think someone is entitled and doesn't care, it's another to hear it in someones voice.

@Ella-Bella2024

22 күн бұрын

She laughs every time George and John express concern for her parents as if to say, "Who cares about them?" She's very selfish.

@caseyhill636

22 күн бұрын

The TONE is astounding, right?!? Spoiled and entitled.

@CarlaQuattlebaum

22 күн бұрын

@@Ella-Bella2024 Let's see if she laughs when they need to move in with her from these decisions they all made.

@carpediem6431

19 күн бұрын

I felt exactly the same. She’s so unconcerned about her parents.

@carpediem6431

19 күн бұрын

@@CarlaQuattlebaumby her tone, she doesn’t give a #4%2 about her parents.

She needed Dave in this one. She needed the main starter, not the bench players to give her the reality check, not that the hosts are bad, they're good at what they do but she REALLY needs the main guy to give her an awakening

@AnthonyMcNeil

22 күн бұрын

They still gave good advice. Dave can't take every call. Also, do you really think she would have listened to Dave? Her mind is already made up.

@Sexy40baby1

21 күн бұрын

At least she was told to get a place big enough to house her parents, they just may need to come live with her within 10 years

@hadenanderson563

21 күн бұрын

Preach.​@@AnthonyMcNeil

There’s no such thing as delayed gratification with this generation. It’s always, I want it and I need it now.

@stevebc957

22 күн бұрын

Her reply "How can you say that, I'm waiting a whole year!"

@o0usf0o

22 күн бұрын

Blame the parents

Everyone keeps forgetting property taxes go up. So just cuz you have no mortgage which I do not my tax Bill has doubled in 4 years from 4,000 to $8,000

So put a HELOC on your parents' home and risk their retirement so you can probably still not afford a house? That sounds totally logical

I can't tell you how glad I am that I started paying off my student loans immediately and paid them off early. This delay, delay, delay thing that people are choosing (putting their faith in gvt. of all things) is putting them in limbo and limiting their future.

Why would you want to put your parents in that position. Just tough it out and save/ invest. Pay off debt

@DoctorSmartyPants

22 күн бұрын

She didn't do it. They did.

So so damn selfish. Also, blaming possibly rising rent and possibly rising interest rates on the sense of urgency to wipe out the private student with the parents home is crazy. She has a $25K car loan and $5K personal loan on top of student loan which she is hoping the non-private debt gets forgiven eventually or mom and dad would take that on as well. Everyone else has to pay for her bad decisions because she wants to be a homeowner as fast as possible. Calls in trying to fast talk her way to being validated for decisions she's already made.

This hits home REAL HARD. Last year I made exactly $68000, also have student loans (not as much as she, but still..), no kids, no husband, and I rent. Got a promotion this year now going to earn $85000 a year. Sounds great but I live in a really high cost area and I do pay $1500 in rent for a 1-bedroom apartment. I can't imagine buying a house within the next couple of years and I don't have a car payment or credit card debt. Do I want to buy a home? Absolutely! But prices, taxes and maintenance costs are high and I would never put my mother in a position where she would take on more debt for me. That would crush me. I hope she'll be able to pay off those awful debts first and hopefully her parents will be okay financially as well.

How despicable to do that to her parents. Also, cowardly of her parents to do that.

1000 for rent is unheard of in NJ. She has it good

@doreenclark8880

22 күн бұрын

She's not in NJ her parents are.

@whatevergoesforme5129

9 күн бұрын

NY

I don’t understand how people rack up that much student debt!

@mikemcconeghy4658

22 күн бұрын

Private and/or out of state universities. I mean, if it got her a job that let her pay off the loan in a couple years and buy a house, awesome. Doesn't sound like that's the case, though.

@whosaidthat9265

22 күн бұрын

I racked up almost $100k but I’m in STEM (cybersecurity). I researched degree earning potential for nearly a year before selecting my degree program. I already had my BA and those loans were PIF. I can’t imagine getting my Masters in a social science to earn $50k. I was making that before getting my BA.

@anonymouse9833

22 күн бұрын

I noticed when I was in college, a lot of people were encouraged by our university to take out as much student debt as they could, then spend the money on living, or a car, or a new laptop that they "needed for school" so they "wouldn't need to work and can just focus on school."

@EmptyZoo393

22 күн бұрын

Grad school, income based repayment plans, poor career prospects in a given field. Grad school can end up being $50k/year or more and there aren't as many scholarship opportunities. A PhD takes around six years in the US, a Master's about two. That Income based repayment plans make it even worse, as they just reduce your minimum monthly payment without stopping interest accrual so it's easy for the loan to keep growing while you're making payments. Add on interest from undergrad loans taking effect while you're in grad school and it spirals quickly if you're not careful. Some fields just don't pay enough for the education required. Some states/cities want all teachers to have Master's degrees. Teachers don't make enough to justify that. Some fields mint more PhDs per year than the job openings in that year. First generation college students tend to get poor advice on what fields make sense, avoiding for-profit schools, how to file for scholarships, or what to skip paying for. First gen effects are a huge part of why minorities tend to have higher drop-out rates and loan balances, and hitting that issue would be way more useful than anything race-based.

One of the most infuriating calls. She acts like her parents taking out a HELOC in retirement is no big deal

This call was maddening.

1st thing to say - ffs drive a 20 yo camry/corolla/civic

Her parents are dumb for even considering a HELOC! She can rent

She has it all figured out, you can’t help her. She will either continue to tread water or earn her diploma from the school of hard knocks.

I can’t imagine allowing my retired parents to take out a HELOC for my debt !!! Over fears over the future …. That may not happen ….

Sounds like she has house fomo, and somehow gave it to her parents. Why else would they agree to a heloc when they are retired?

Decision making based in fear (“I’m afraid rents will continue rising”) is always a mistake. Calm down, question all the things that contribute to your fear, talk to wise friends and wise others. A friend helped me see a financial mistake I was considering when she saw the fear-based thinking, And we realized that a “financial advisor” was pushing my buttons and making me feel insecure, and pushing me to a fee-laden insurance product. I dropped him and started from scratch, and made a much better decision using all the information I’d learned over the years as we as fresh research.

@alberttang6955

22 күн бұрын

When my long time financial advisor retired several years ago, I met with a few candidates to take over that role. I noticed most of them pushed me toward annuity or insurance type products that rewarded them with a commission. I got a bad feeling that they were essentially salesmen not acting in my best interests, so I did not engage them. A Fiduciary Financial Advisor is the only way to go.

1400$ a month wont buy you a house even on a 30 year unless its a single wide in a trailer park

Another adult teenager that was never told NO at the cereal isle. She is willing to sabotage her parent’s retirement in the name of getting what she wants NOW. Unbelievable 🤦🏻‍♂️.

Can't wait to hear "because of the economy..." as excuses for the next 5 years. Again.

This girl is walking into a nightmare, somethings gonna go wrong and the parents and her are gonna get screwed.

It all stems back to our school system and the high school guidance counselor who tells you to be a social worker. That is all they know! We need to get the trades back into our schools and get real. Parents spoiling kids also does not help with this math equation.

@alberttang6955

22 күн бұрын

I know an HVAC tech who was earning around 90k in his mid 20's working for a mid size commercial HVAC company. He never went to college, but he's bright and hard working. He's in his early 30's now, enjoys his work, and has been promoted several times. Probably earning 120 - 150k minimum. Compare that to college grads with useless degrees and a load of debt.

@sitcomchristian6886

22 күн бұрын

Or just get the kids out of the schools altogether. Homeschool is where it's at. Don't try to fix what can't be saved.

Good God, how selfish. She's going to just go ahead and do what she wants and she was hoping the guys here would give her permission.

She complains about rent but has a 25k car loan and has her parents take out a heloc 😂 you can’t make this up

@CarlaQuattlebaum

22 күн бұрын

She may wish she was renting again when she has to deal with all the expenses of being a homeowner.

Im sorry, but has she ever listened to this show? BABY STEPS!! she aint doing them in order

@jbenz1990

17 күн бұрын

She tryna get inta Deht. She’s doin theDave Ramsay whut not to do 7 baby steps!

I could not imagine still having a mortgage while retired let alone taking out a HELOC.

I bought my first house out of college with $50k in student loans and a $50k income. Worked out fine - hustle, pay down those loans to $0, never accrue consumer debt, all good. FYI the first house was a townhouse that cost $145,000 and needed a lot of work, something that seems to be a foreign concept lately (working hard).

There is zero chance she can own a house anytime soon with her debt and how little she makes. I make more than she does and I can't even afford the houses near me in the Midwest. It's rough out there for first time homeowners currently and it has never been more expensive to own a home than it is now

that heloc on your parents house will come out of their estate when they die, so the caller basically decreased her inheritance.

@Ella-Bella2024

22 күн бұрын

Sadly, if she has any siblings their inheritance will also be less. I suspect this isn't the first time the parents have enabled her.

Oh nooo!!! Poor Megan’s parents 😢 They will end up homeless and Megan will keep accruing debt indefinitely!!!!

@danieljohnson4418

22 күн бұрын

Stop being a drama queen.

@kokoskokso

22 күн бұрын

The irony of her being a social worker helping others navigate support systems...

Over the past eight years my mortgage is also gone up. When house values rise, insurance companies charge you more for coverage, and your county tax assessor will raise your taxes because the value has gone up. This is some thing I think a lot of renters do not understand.

4:03 Our society refuses to allow more homes to be built. So true, well said! We need to abolish exclusionary zoning laws which were put in place just to ban low-cost housing.

George hit the nail on the head right at the end of the call. Hope she was listening and will take his advice. Housing is not the problem. Get out of debt first and you'll be able to buy a better house in a nicer neighborhood. And as a homeowner - if it's just you living there - keep it simple. Nothing wrong with renting for another year or two

@o0usf0o

22 күн бұрын

Her rent is the best thing she’s got going for her!

When I tell you I knew she was in social work, I fukn KNEW IT 🤣🤣🤣🤣🤣🤣🤣

@GodSaveTheClothes

22 күн бұрын

😂😂😂

@kokoskokso

22 күн бұрын

The irony of her being a social worker helping others navigate support systems...

@OhYeaMista

22 күн бұрын

You hear it all the time. Seems like one of the worst ROI degrees you can get.

A realtor saying "I don't think you can afford a house" is like a dog saying "we probably shouldn't eat that bacon, it has been sitting out for too long."

I can't imagine this woman being a Social Worker supporting and guiding people in their lives when she's oblivious to her own and her parent's.

And if she buys an older $100,000 house, the plumbing could go, bad roof, flooded basement .... anything can go wrong. At that point, she may wish she was renting.

When my dad died and got his DOD. I bought the house from my mom in full since the home was in her name. Taken out about a 3rd of the money and paid it in full and half off 30k for hvac and water tank and most diy stuff I did on my own. Lighting, faucet, toilet, landscaping

Rent isn't going up that fast in _Rochester NY._ People aren't falling over themselves to move there. Get a roommate if it's that bad and sell your car. It wouldn't take very long to clean this up. Good grief.

“You cant breathe right now, right?” Caller: “Um im living comfortably….” 😡😡😡what a little selfish brat!

She’s already decided

There is social work in NJ. That's number 1. Number 2 is waaaaay too much Internet.

@kokoskokso

22 күн бұрын

Exactly, it all sounds like wonderful ideas from TikTAK as Dave ikes to call it

Duh!! No wonder she’s single and no significant other. Any man worth having would RUN away from this selfish train wreck immediately

I don't accept the comment that we are a society that refuses to build more houses. In central Florida, I've watched new houses get built at a CONSTANT pace. The area where I live went from easy travel to traffic nightmare because of all the new homes. And they continue to build them.

Instant gratification! That’s her problem.

Property taxes go up every year and insurance premiums may too

My husband and I make about the same combined. Our rent is 1350 or something like that. We have two mouths to feed (3 if you add in the cat). We are actually very comfortable. We also don't have car loans and crap.....

Exactly move in with mom and dad. This is 🤯🤯🤯 she can move to NJ . She’s ridiculous 🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️ what’s with her frickin parents???? They are nuts to agree with this . I work more than one job

"My parents are destroying their home equity so I can pay off my school loan..." Delony: "Are you safe?"