I'm $100,000 in Student Loan Debt and Just Did Something Stupid!

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[mikebrownbassist]

0:39-“No debt”
4:25-“$100k in student loans”
That is the problem with this country right now. Student loans ARE debt!

[elliegalantis]

He is so right! Every time I’ve made or almost made a really bad decision was out of a point of desperation and seeing no other way out.

[gabe]

Dave is so right "renting is wasting money" is the dumbest logic ever! it's like people forget what a big responsibility it is to own a house.

[christinao]

Walked away from 5k when I was under contract with new construction on the Jersey shore.
The contractor didn’t disclose the house was in a 100 year flood plain and a relative that was an engineer noticed it on the blueprints. Was so thankful I walked away because unfortunately hurricane Sandy wiped out all the houses in the area years later.

[Julian-zcvm]

"I have no debt"...."but I have $100k in student loan debt"

[gamelord]

The guy lives in NYC. A car is just a financial burden. Public transit, bicycle, walk...a car is unnecessary.

[edwardmauer]

The $100, 000 in debt wasn't the stupid part?

[BengalTiger]

So he’s $100k in SL debt with “a lot more school left” as he states, meaning that pile of manure is probably gonna get bigger, which he conveniently didn’t mention. Ya you shouldn’t be taking out a mortgage right now bro.

[nicole]

One thing about Dave, he’s consistent.

[Qwepzy]

Brian from New York called in to flex on everyone buying a house whilst being a student

[ashleypaigeb]

Dave told him not to go to closing and just lose out on the earnest money. But a while ago another person called Dave and told him that he was under contract with a house and suddenly felt like he didn’t wanna buy the house anymore. And Dave told him that it was morally wrong for a man to break a contract and he didn’t recommend he do that. 🙄

[redgeallen]

"Every time you tell yourself your trapped is right before you do something stupid. Desperation precedes stupidity." Amen

[yamamancha]

The real stupid part I heard was buying a $25k car. Sell the car, keep the condo. The reality is, you can always sell the condo if it turns out to have been a really bad decision.
Two truths about New York: You don't need a car and real estate will always find a buyer. However, expect to be living with no furniture or anything nice or new for a few years.

[mansplain]

Buying anything in NYC right now is stupid.

[brettascott]

I love Dave's comment "desperation precedes stupidity" I agree completely because I did that myself more times than I care to count. He is absolutely right as always.

[JasmineMachel]

Renting while your working a plan to get a solid foundation up under you is not "wasted money" it's patience! TEACH US DAVE 🔥

[mannyjeanpierre]

100k in debt, 25k in savings, condo is a third of his take home. Isn't a great situation but by American standards he's living pretty normal.

[RaleighLink]

Renting is not wasting money... You take on zero risk, you don't have to keep up with any repairs or maintenance and have the freedom to move when you want.

[JustinVConroy]

It seems like he knew the answer before he called. I guess he was hoping Dave would validate his bad decisions. Luckily Dave tells it like it is!

[JoeGarofaloII]

This dude can not close on the house, get an apartment, sell the car and get a $5, 000 car like Dave said. Now he's got $50K to throw at the $100K debt, knocking in down by half. He makes $72K and can pick up a side job making another $10k at least and hes done in a year!