EFFORTPOST 68'000 dollars in debt on a 57'000 salary and just not paying her debts because she just isn't - "I feel like I'm one of the best you've had on the show"

https://youtube.com/watch?v=eZ1rNYqSw7o

Madison, 24, Austin TX

Personal Life/Career:

  • Fashion/lifestyle brand, part of "philanthropy" team

    • "Philanthropy Specialist" - "Corporate CRS"

    • 57'000

    • Thinks her income level is pretty okay

    • "I have a little debt but it's fine it's not that deep, to me"

  • "Why did you come on the show?" timestamp

    • She read comments saying they wanted someone normal and she decided she could be that person

    • "I feel like I'm one of the best you've had on the show"

  • "What are you looking to get out of the conversation" timestamp

    • Going on a few trips in the future, wants advice on budgeting around those and her other debts
  • Doing some sidegigs? Never actually explained so I don't think she's actually started any

Financials

  • 68'183 total debt

  • "Why do you have all this debt?" timestamp

    • College expenses
  • Self-scores a 7/10

  • Credit Card 1 (Discover) ($3'600) timestamp

    • $99 minimum payment

    • $78 interest accrued, she didn't know that this was a thing :marseyxd:

    • She's been throwing just a little above her minimum payment at all her debts?

    • Tries to explain how interest works to her with a graph timestamp

    • College card, had it paid off last year, then racked up a balance again "shopping issue"

  • Credit Card 2 (Amco) (6'486) timestamp

    • 2500 credit remaining

    • 233 minimum payment

    • Last payment was less than her minimum? "Oh, I might have forgot about that"

    • How'd that get up to nearly 7'000 dollars? timestamp

      • Thinks she balance transferred it from the Discover card?

      • Mostly spendthrift behaviors

      • How much does she think she spends in a month total? timestamp

        • Thinks around 2'000 spent out a month total - actually it was $8'742
  • Credit Card 3 (Care Credit) (1'647) timestamp

    • "I've almost paid it off though I feel like timestamp

    • Was 2600 last year :marseyxd:

    • "I think that's really good"

    • Brings up dying dog spending to deflect

  • Medical bill $124

    • Forgot to pay it after they sent her the bill in the mail
  • He forgets her age and calls her 26 while she's defending calling herself above average timestamp

  • Car (2023 Rav4) () timestamp

    • 9% rate

    • Didn't catch a total or a minimum payment for this but it started $40'000

      • Around a 700 minimum payment?
    • August 2023

    • Used to have a Buick Encore, got into a wreck so she needed a new car

      • Had gap insurance
    • She "wanted a new one"

    • "Mental math is not my strongest"

    • $193 insurance payment

  • Student Loans timestamp

    • Studied Marketing at Texas A&M

    • Most around 4.5%

    • "I haven't paid really any of it, I think I've kind just paid 30 bucks maybe 60 bucks on two of them"

    • Doesn't think she's on deferment, she just isn't paying them

    • 10 year repayment plan

      • Actually she might be on income driven repayment
    • $50 minimum payment? She's past due

    • Still hoping Biden forgives it :marseyxd:

    • Pushback on why she deserves debt forgiveness timestamp

      • Extremely wishful thinking

      • Dreams of marrying into wealth

      • Got a D in finance, Barely passed Accounting

  • Personal Loan $183 timestamp

    • Took this out "a really long time ago"

      • July 2022
    • Claims not to remember what it was for

  • 545 credit score

  • Spending timestamp

    • lots of shopping

    • lots of eating out

    • Few Venmos out, "a lot of bacholorette trips"

    • Amazon

    • Mother and brother are broke she zelles them sometimes and they zelle her back?

    • Screen recording of her Amazon purchases timestamp

    • Venmo Transactions timestamp

  • Travel plans timestamp

    • Going to Europe

    • To see Taylor Swift in London

    • around $800 on just the plane ticket

    • "Already paid for the concert so that's kinda free in my head"

  • Spending Chart timestamp

    • 6% of spending went to debt

    • 21% to medical, she's not sure what this is

    • Mysterious 1600 expense timestamp

  • Budget Chart timestamp

    • 887 rent

    • 1071 minimum payments

  • Refuses to sell the car because she likes it timestamp

  • "Hammer financial score, frick her" :marseyxd:

84
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Watching this one right now, her saying she was just hoping the debt would go away was crazy

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:ma#rseysow: :ma#rseyreapcrying:

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Why? Its the current zoomer debt strategy.

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:zoomer#tears:

No!!!1!

!zoomers defend me on blud :marseyskull:

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Why is it crazy? Joe Brandon's federal government is literally doing this. It's probably a smarter strategy than saving like an r-slur when you could just have daddy brandon buy your 100k feminist bipoc studies degree

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It got blocked by Supreme Court

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>100k feminist bipoc studies degree

People always trot this out like it's some amazing gotcha but if student loan debt was dischargeable in bankruptcy, that degree wouldn't have cost 100k and even if it did, they'd be a lot more picky about who gets approved for a loan for go nowhere bullshit degrees.

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:#marseykingcrown:

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