He Is $300,000 In Debt But Wants To Buy A House 🏠#daveramsey #finance #money #realestate #finsubito agevolazioni

1. people with doctorate degrees who call themselves DR is like stolen valor. It just aint right.

2. Nah the caller was on to something, why even call in here anyway I don’t understand why people can’t make their own decisions

3. reminds me of my cousin who has a dozen credit cards all maxed out, who gets a new one every year and cancels it immediately after.

   i avoided getting a credit card for so long bc of her, i thought once you geet a credit card you're doomed to a life of debt and poor financial decisions bc of how absolutely moronic she and her husband are with cash. it ended up hurting my credit score and my financial goals, bc of how much time i lost that could've been spent building credit.

4. I'm 50 dollars in debt and I'm tripping

5. MD student here – I may end up 300k in debt, but the good news is that I will have a substantial shovel to dig myself out. It's very difficult to justify paying 300k for a DPT which will have a much smaller shovel.

6. Yes. Pay off the debt. The average physical therapist makes 100k per year, according to google. Also say the husband makes at least 80k.

   They can pay off the debt in about 2-3 years.

   Taking on a rental property is risky and introduces unforeseen issues. Paying off the debt is a guarantee resolve.

   The housing market will be different when their debt is paid off.

   There is also the possibility that they may not want to acquire rental properties when their debt is paid off , because it’s more relaxing to just retain your income and keep working rather than become a scrambled landlord.

   If they make the 180k between them they’d be better off investing in gold or dividend yielding stocks

7. Who is this dude?? And what qualifies him to give people all this advice??

   Genuine question btw ❤

8. 300k for a pt license? Hot dam she better be helping martians walk

9. I agree, they shouldn’t be buying a rental rn. But if she’s a doctor they can pay that off so fast. Not a big deal imo.

10. Honestly listening to some of these callers talk about their multi-hundred thousand dollar/pound debt from college or university is terrifying. I have a car loan of 10k and im always nervous. I couldn't imagine being fresh out of college and having 250k debt. Crazy stuff. (I am on a scholarship that is a paid degree meaning i dont have any debt now that i have completed the course.)

11. Whats the point it getting a degree when its so expensive. America system is broke

12. They would be the worst landlords in history lol

13. What a stupid phone call😂

14. Dave is the man, and I bet the guy on the other line was told that rental investments were the way to pay off debt. Dave knows what he’s talking about

15. If I was $300,000 in debt and had little cash flow I would buy something like a duplex or 4plex and start putting everything I make off of it into my debt.. I think your view point of it was wrong, but at the same time $400 a month is not going to do jack shit to $300k

16. If you take out a $300,000 loan for a home, you need to charge $30,000 in rent annually, depending on the interest rate. When buying rental property without sufficient funds, you need at least a 10% yield. I bought and renovated properties, turning them into a total of 60 apartments. You have to save up for repairs, evictions for non-payment, and other expenses. I'm not sure how good the house you're looking at is, but $2,500 is a lot of rent to ask.

    And don't forget about damages when tenants leave! The security deposit never fully covers it.
    (mine are at most €650 and then some extra for heating etc because every thing is collective.)
    it makes about 70.000 a year in total (excluding cost and saving up for repairs)

17. Watchibg these videos, i just opened a Roth IRA and put $200 towards my $1250 in credit card debt

18. Physical therapy is not a doctor

19. There’s a lot of money that you have to put upfront not only that, but it cost money for the upkeep on these rental properties

20. What study costs 300k? Jesus

21. “Quit borrowing your way to achieve your dreams. Youre turning them into nightmares” such a hard line 😮‍💨

22. Terrible advice. If you’re projected to make more than the interest on the loan always do that. This dude is trying to make millionaires. Aim to be a multi millionaire, potentially billionaire.

23. I wanna jokingly call in like “Yeah I’m 20, my credit is fucked over because I couldn’t overturn some fraudulent uses of my identity, I have almost a million in debt with no assets working for 11.50.” Just to see if he’ll say “at this point, dying is the only way you’ll be free”

24. end of the story the guy will do it anyway

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