We Are $500,000 In Debt And Our Business Isn't Making Any Money

We Are $500,000 In Debt And Our Business Isn't Making Any Money

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• The Ramsey Show (Highlights):

[MiguelRPD]

It saddens me they basically had no debt before this .... Talk about creating a massive hole for yourself so much so it's collapsed into a black hole and annihiliating everything around you.

[kingconan]

One pattern I noticed with the deeply in debt callers is they have a hard time clearly explaining their financial situation. They don’t even know all the pieces in their puzzle themselves. It shows the mental state that lead to becoming so indebted. Just totally ignoring finances.

[TimoteoDeBaum]

They had no debt before, that's crazy. Their family friends already had to know the sales projection and knew it was tanking... That's so low of them

[bboyflashny]

Terrible! Trying to get rich quick without any experience in it.

[shaythiele]

This is bad like really really bad. Sometimes watching these helps me not feel so bad about my debt thou it sucks bad for them

[tonyd]

don't hold back on giving him the financial debt info! It's like not telling a doctor if you're on any drugs and hide some of your illnesses when he's trying to help you.

[strat]

I don’t get into business ventures with family. I won’t even rent a property to family. It’s just so awkward

[mellel]

I am learning so much from Dave and these videos that depict the money mistakes of many. The lesson: it isn't how much one earns, but how well they manage what they earn.

[arga]

Family "Friend"
What a blessing they were

[QueenStylin]

$180, 000???
They should have just franchised a McDonalds or something similar. Much cheaper.

[amyvittum]

Sell the houses, sell the business, sell the truck. Sell everything! Work, work, work

[TiktokTownhall]

cant get help if you lie about how big the problem is

[juniorgod]

She should go deliver pizzas to help pay for that debt... for the next 800 years!

[randy]

Another example of how some people can never be happy with what they have. I think most of us would be very happy with $140k a year and that will go up over time.

[robcochran]

Dave: Well you can always deliver pizza's part time and make $5000 per month
OK Thanks Dave

[w.w.]

“We bought a business from family friends”….yeah, don’t do that

[TelmaFrege]

This girl is the embodiment of the song "Oops, I did it again..." One bad decision after the other... :(

[mattenderle]

Sell the properties, close the business, and work on the $300K in debt. 60k/year puts you at debt free in 5 years.

[MRDDev]

Makes 140k a year and has 500k in debt, who is out there telling these people “ yes, keep putting borrowed money on this, it will pay off eventually”?

[tone]

Rice & Beans?... Nope, its Bread & Water for you sweetie..