Over $1,000,000 in Debt!

This is the happiest broke person I ever heard on the radio.

Paying off my mortgage tomorrow. Completely debt free in 24 hours. These videos have motivated me to never consider debt again.

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

$1M is 90 YEARS worth of tuition at the college I graduated from.

I wonder why she is laughing with such debt, I’d be retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.

Come back in 5 years - I bet they'll still owe $500K.

The fact that she’s laughing is insanity. I hope she takes their advice but I think probably not.

Pay off loan in 18 months, WHAT? $650,000 after tax is $425,000. After basic living expenses you are down to $375,000. Interest on student loan is $70,000/yr. You are now at $305,000. Just because you work for Ramsey doesn’t give you a pass on math.

No shot they pay this off in 1.5 years. More like 4 years after taxes

I’d have to disagree with jade on the ratios of $1M debt: $600k income to $100k debt: $60k income being equal. The $600k has the availability to live off of $60k and hammer out the debt. The $60k almost has to do whatever they can to scrape and claw their way out by living on nothing

Ironically, for a women involved in dentistry, talking to her is like pulling teeth!

I like Rachel and Jade hosting together because they allow one another to speak.

It will take 3-5 years to pay that after tax.

She’s really happy to be in this much debt.

If ONE PENNY of student loan forgiveness goes to this, Im gonna throw a fit.

I wouldn't let that woman near my teeth.

I don’t believe a word of this. How can dental school cost $500,000 per person? Especially given that her husband is in the military which pays for dental school? Next objection - I have never met anyone at that professional level who sounds as inarticulate as this woman. I wouldn’t let her touch my teeth. I’m skeptical that they’ll actually make $600K next year, and even if they do I’m skeptical that they’ll figure out how to use it to pay the loans down. They’ll probably lifestyle creep themselves into debt for a long time.

I can't imagine following baby step 1 in this situation. To make $600,000 a year and only have $1000 in savings? That's a crazy ratio.

My dentist's yacht is named after my dad.....brush your teeth everyone!

I work in financial aid. When I talk to people who have her tone of voice, they are usually reckless and foolish with their money. They think "I'll figure it out later" and they never do.