How Can I Pay Off $60,000 Of Debt Making $60,000?

Now that I'm debt free, I have tortillas with my beans and rice!

Dave is out here saving people from debt like some kind of sitting batman

Dave should make a rice and beans, beans and rice cookbook I would buy it

People need to stop looking at how "good" or "small" the monthly payments are and look at the overall total. Delayed gratification, people!

When you wanna put seasoning in your Beans and Rice but it's out your budget.........

@3:24 "But I have it on a 7 year loan" lol. That's when you know you can't afford the vehicle.. 😂

You’d be amazed what building a budget and making lifestyle changes can do when it comes to getting out of debt and getting the ball rolling.

Sell the car, get something cheap. Then focus on that student loan!

I don’t follow these guidelines to a tee but having these snippets in my brain on a regular basis truly help keep me focused financially. Thanks!

It might take 2-3 year, but it’s totally possible to pay that off with determination! Literally, save as much as possible (40-50% of income) and use it to pay off the debt 👍

Dave make it sound too easy... 60k/year is before taxes and who knows much her interest rate is for her student loan, credit card, auto loan. She is probably looking at 5-6 years realistically to get everything paid off.

Most people with an average amount of student loan balances are “repaying” them on a income based repayment or another plan that gives them the lowest payment possible. Ask them what car they’re driving and it’s usually 50-100% of their annual income; that doesn’t include ridiculous mortgage and credit cards. They complain about having student loans even though they signed for it and got a degree.. I hope more people listen to Dave Ramsey and realize that self responsibility is a thing instead of trying to vote for a political candidate that will supposedly pay off student loans.

just sitting here looking for the comments that say "well, she makes $60k a year, she can pay off that $60k debt in one year!" (nevermind taxes, bills, and other cost of living expenses)

This is very helpful. Thank you.

Keep working the plan.. slowly but surely!! You can do it!! It’s not easy being a single mom.

I agree Dave. I think she could be debt free in about three years but she would probably need to sell that car 🚗

Eat the elephant one bite at a time, along with rice and beans.

OMG this woman is living my life. Same thing except my debt is a little higher. Single mom, child support is not reliable to come in each month or not, I needed to hear this! Have anyone actually done FPU? Thought? $129 is a lot of money!

Dave I love you. I follow you but she is a single mom to me two years is too short, I will give her at least four years. She has to spend time with her child and be there for her child. I would say four to five years. If she were single no child, yes but she has a child.

Great news for Dave. People are still making financial messes.