[MUSIC PLAYING] Brought to you by the EveryDollar app. Start budgeting for free today. Well, I called in because I'm just tired of toiling in debt. I have been a single mother of six, and my youngest is now 21. Yeah, you got them out. You did it, Mom. You did it. I got them out. Did they all survive? Way to go. Into the next bedroom. No, they all do really well, very well. However, except for the youngest one, he's still fighting his way. But during the course of this, I find myself in close to $100,000 in debt. I am still paying my youngest car note. I'm paying one of my children's college debt deal. She graduated NYU. So I have a little bit of debt there, and I'm back in college. So I just don't even know where to start to attack these bills with me already from paycheck to paycheck. Why is a 21-year-old need his mommy to pay his car payment? Because it's his mommy's name, and he's not working yet. Well, he was working, but they just laid him off. So I bought it for him as a graduation gift. You bought him a car payment? OK. How much do you owe on your car? I owe now about $12,000. What do you owe on his? Oh, on my car, I owe nothing on his $12,000. Oh, I see. OK, so what's the other $88,000 in debt? NYU? Yeah, it's NYU, and then, of course, credit cards. How much is credit cards? Oh, gosh, credit cards is around $3,000 or $4,000. The rest is NYU. So you got $84,000 for one kid? Yes. Wow. Yeah. OK. Was it a parent plus loan, Samantha, is it in your name or is it her name? It's a parent plus loan, and she's in a situation where her loans can be forgiven after so long. I'm not a parent plus, you're on the hook for. Nope. You got to pay it. So what do you make? Well, I make just under 100, but with bonuses, I make about 110, 115 a year. What do you do? I work in health care. What are you studying? I am studying to get my bachelor's so I can move into a higher position in health care into a director's role. And what are you paying for that? You know, the company does reimbursement, so-- and I'm doing Sophia credit, so that's really-- I'm not really paying for that. Just taking up time. That's good. You just opportunity. Very wise. Good for you. How long's the program, Samantha? Oh, gosh, if I keep doing the Sophia credit, that will be done by mid-next year. OK. That's great. Great. Oh, yeah, I'm trying to fast-track that. And then what will you make if you're at about 110 with bonuses for the new position? What are you expecting? Well, with this company, you know, it'll probably start around 120 without bonus, probably 130, 140 with. OK. Good. Well, you're making progress. Good for you. How old are you, 55? You're good. I'm 53. I'll be 54. OK. Well, I mean, you told me your story, your story lids to that. OK, good. Good. OK. Well, you're a warrior princess. I mean, you fought through raising six kids by yourself. You're amazing. You could fight through allows you 100 grand in debt. You could do it. OK. Are you ready? Are you ready to get after it? Because, you know, you're used to fighting battles, and I'm getting ready to put you on the front line again. Draw your sword. You're ready to go? I am so ready. I've got my pen and pad, and I am so 100% ready. I'm tired. I mean, the first thing I would do, Samantha, is I'd cut up your credit cards today. I'd get rid of them, and I would force yourself to live on less than you make with the income you have. And that's going to include these debt payments staying current, but it's going to force probably a different lifestyle to a degree. I know you're not out there all bougie and glamorous and stuff, but I mean, it's going to be like, hey, I'm going to be eating in more. I'm going to be cutting it out. I'm going to be cutting subscriptions, extras. Like, it's going to be putting you on a tight budget, living below your means without credit cards, because the credit cards have become the slippery slope for you. They're kind of your safety net. And I want Samantha to be my safety net. Yeah, no life. No life. I mean, and then honestly, Samantha, the car alone for the sun. And that's going to be a really hard conversation, but it is, hey, we're either transferring the loan in your name, son, or I wouldn't even do that. I think I would just sell it. I mean, I would get to a point where you're like-- No, I would say, listen, honey, you've got 90 days to get your button gear with this car, and Uber each, and everything else, and pay it off, because otherwise I need to sell it, because I'm getting out of debt. OK, that was my question. Give him a little time to pay. Come up with 12 grand. And if he'll work 24/7 between now and Christmas, he can pay that car off, and then keep it. How easy is it transfer the time? I mean, he'll have to pay it off, though. But if he gets behind on payments-- If he gets behind on payments, he's done. It's done, instantly. He's either paying the payments starting today. Ready, set, go, or we're selling the car. And he's going to pay it off, and get it out of your name, because we're getting you out of debt. Because this is at best a contingent liability, meaning you have to pay it if he doesn't. At worst, it's just straight up you owe the money on the car. So Rachel's right about that. But what I want you to do is get only every dollar app. We're going to put you into Financial Peace University. I know you're already in class, but I'm going to put you in another one and show you and teach you how to handle money properly. I'm going to pay for it, because I think you're cool. Oh, I think you. I think a woman that can raise six kids as a single mom's a freaking hero. And so I want you to go win. It's time for you to go win for you. But that's no eating out, no vacations, no whining, no life until we get this stupid NYU thing off the books. We're not waiting around on her to work a stupid, horrible backwoods job so she can maybe get forgiveness that doesn't come through most of the time on the loan. Instead, I want you to just pay it off fast. I want this loan-- all these loans gone in two years. Oh, wow. OK. Yeah. Oh, that would be great. Yeah. Well, I'm talking about $4,000 a month. Boap. Yeah. OK. Yeah. That gets you out of debt in two years. And that means you have no life. You're working all the time. And you're eating tuna fish sandwiches at work. Hello. And if it's actually-- Oh, boy, I hate tuna fish. Yeah. Because I used to eat it when I was broke. And when I smell tuna fish, I smell broke. I can't stand it. Savannah, is there a lot of opportunity to pick up overtime, a lot of health care? In that industry, we find a lot of people are able to get some great overtime opportunities. Is there? Well, I'm salaried. And I'm a department. OK. I'm in the patient access care department. So it is a little different. OK. Is there anything you can think of as a side hustle while you're going to school that is possible? I have truly thought that up. And I really don't. The only thing I have is, like, you know, what we've reached or something. And I can't really-- I can't do that. You've got to get through school. I want you to get through school. I think that's important. Because that's a better future play. But I don't know-- I think you can do this if a boy child takes care of his own car. And you lean into this, and you chop up the credit cards, like Rachel said, and we get you on an every-dollar budget. I think you can do this in about two years. I really do. And then you're going to be up another 40 grand in salary that can be thrown to this next year when you get your new position. That's going to help. That's going to help get it even faster. Hang on. Christian's going to pick up, and we'll get you signed up for Financial Peace University. We'll show you how to do this, kid. It's what we do. 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