Transcript
Dave Ramsey (0:02)
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Michael (0:06)
I am about 20 years old with about 50 grand in debt. 30 of that being a car loan, 3 of it being from a square loan from the business that I shut down here recently. And some of it's medical. Like, just outstanding medical debt. Like, I mean, I was in motorcycle accident three years ago that I still haven't paid. I owe a friend of a fan or family friend about three grand. I owe, like, a tire shop, almost two grand. Like, I. I guess my question that I want to ask you today is, like, I don't know where to start with this, because it feels like a lot. And I truthfully don't know where a lot of the debt is. Like, I owe debt a dermatology group. Sorry, like, 800 bucks. And I owe, like, other medical companies money, and I just don't know exactly where all that debt is, where the creditors are. Like, every now and now and then, I get calls.
Dave Ramsey (1:06)
Yeah, Michael, so it's just.
Chris Hogan (1:08)
How.
Dave Ramsey (1:08)
How has your life been so chaotic in the last two or three years that this has happened? And because it sounds like you're just spiraling, man. Sounds like chaos.
Michael (1:17)
Yeah, I'd agree. Yeah, truthfully, it is. And truth. Two years ago, I started my own business with my best friend. We found a building to go into, and truthfully, it just kind of took off like crazy.
Dave Ramsey (1:33)
And then it didn't.
Michael (1:35)
Correct. I had bought him out of the business, went solo. I got in some trouble, small trouble with my previous account. I even own my previous account, 800 bucks. And. And they did no work for me. They filed my taxes late for me. So I'm finally out of the tax debt. I had employee at the time, I guess.
Dave Ramsey (1:56)
So at the end of the day, you really weren't making a lot of money because all the bills weren't paid unless you were spending it on cocaine or something. Where did the money go?
Michael (2:08)
So, honestly, I was really bad at saving, and I wish I did it better.
Dave Ramsey (2:11)
Well, not saving money. I mean, you got these little $800 bills that aren't paid, so you probably weren't actually making any profit, were you?
