I’m Over $1,000,000 in Debt! (What Should I Do?)
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Buy a bullet and rent a gun.
Everyone should invest in Dogecoin and Ethereum, they are the future cause you can easily transfer money without a middleman.
If you have an appreciable asset tied to a loan you are really in debt. Real debt is if you have car loans, student loans, CREDIT CARDS. The ability to sell an asset and erase the debt isn't an alarming situation.
How are people in such good situations and they are so dumb and dense?
Well. They're negative millionaires.
How about actually consulting with a real bankruptcy attorney?
Instead of calling Dave Ramsey
would love to hear dave, and another expert more specifically with expertise on farming speak on farming without debt. Very very few people actually farm without debt / operating note. unless theres old money or lots of inherited stuff. very very difficult for a young farmer to start
As a farmer myself I can say with absolute certainly that only the tip of the iceberg was discussed in this video. Dave also didn't ask the questions he should have or near enough questions because he simply doesn't understand it. Lots of ignorance in the comments as well!
Good try, he think he is the Fed.
Move to Africa and start your faming busines again. West Africa have good land and cheap labor to grow crops. You will make 5 times your profit.
The key is to be honest with yourself when talking about your finances.
Over a million in debt, I'd hate to be that guy. Can walk away with over $700,000, i wish I were that guy.
Farm economy is bad? Every year Donald gives billions to farm relief. If your in debt while farming then something else is going on.
I don't like people like this. What a thief.
Why bankruptcy when your asset is greater than your liability?
Diet only consist of rice and beans beans and rice. You will never see the inside of a restaurant ever again unless you work there. Deliver pizzas for the rest of your life.
How can I guy who has a $700,000 net worth be struggling and say farming is doing so bad? It sounds like it’s doing well.
people are too worried about this 1+million of debt. This guy has a $700,000 net worth. Thats way better than some one with no debt and no net worth Or the majority of callers with 20-100k of debt with a negative net worth. At the end of the day financially the only thing that matters is your net worth and your income not how much or how little debt you have.
Sounds like a good grift. Buy a farm, run up 500K in debt buying equipment and supplies, immediately sell it all for maybe 400K, spend a year watching Dave Ramsey videos and Netflix, then tell my creditors "sorry, the farming thing didn't work out, can't pay ya", and walk away with $400,000 in my pocket.
Note to self: do not invest retirement savings in anything which relies on unsecured debt being paid.
trade war w china killed the american farmer. Thanks "tariff man"… yeesh
Living above your means buddy! Enjoy all of that debt!!!
Wow, this guy a grifter. I hope his debtors sue him for everything he's got plus damages. He's basically a thief.
sell everything you own and buy a tiny house.
Dave would make so much money off his sayings if he sold merch.
'What would you do if you won the lottery?'
'Pay my bills..'
'What would you do with the rest of it?'
'I'd owe $20..'
It amazes me how knowledgeable Dave is about lot of different things
Sell your lands then go to bankrupt ???
You settle a debt with a firm you pay the taxes on the difference come tax time.
When a minor child is place on the Title of property,
in order to sell, an attorney for the children must approve the sale (Not)
" I made a mistake and put the children on the title"