$135,000 in Student Loan Debt and Only Making $17 an Hour?

[Music] Brought to you by the Every Dollar app. Start budgeting for free today. >> Me and my wife are about $160,000 in debt right now. >> Good lord. >> Um 135 Yeah. 135 of that is student loan debt. >> Good lord. >> Um on her side and then 24,000 of that is car debt. >> What's her degree in? >> Her degree is a bachelor's of science and then she has a certificate in business. >> Bachelor of Science in what? Um, that's I mean I'm looking at her diploma right now. That's all it says. It's just it's bachelor of science. >> What did she study? >> Um, she has a she has an emphasis on uh on biology I suppose. But >> Oh, okay. Okay. >> Um, so my question was um Oh, she works at St. Luke's Hospital right now. What does she make? She >> She makes about like 17 an hour. >> Yeah. >> Okay. And what do you make? >> Um, I actually just got back from deployment. Um, I made about 70,000 this last 10 months. >> Um, but I'm going back to school right now to get an AMP certificate. >> So, y'all are broke. >> Yeah. >> Thanks for thanks for your service, but dude, you need some income in that house. >> Yeah. Um, that's what we plan on doing. I mean, this uh next two years when I go to school, um, I'm looking at AMP jobs. I mean, I should be making around 30 to $40 an hour. >> Yeah. Why aren't you working while you're in school? >> I am working while I'm in school. I'm I I literally just got back, so I'm still >> I thought I thought the way you were saying it, I thought you were quitting or weren't doing anything. Okay. So, are you're you're off deployment, but you're not out of the service. >> No. Um I'm I'm in the National Guard, so >> Oh, okay. >> for a little while. >> I got you. Okay. Well, we want to go to we want to go back to school. She wants to get her master's degree. Um, which she will be paying her pocket. Um, because she can't she can't find a job right now. Um, she wants to get into dietetics and she just can't find anything. And she thinks that this master's degree is going to get her a job. >> Nah, you've worked too hard to get control of your money just to let strangers control your data. Every online sign up, discount code, and free trial comes at a cost. Your information. And Delete Me helps you take back control. Their privacy experts find your personal info on sketchy data broker sites. They delete it and they keep it gone, meaning you stay in charge of what's yours. So protect your privacy and get 20% off an annual plan at joined me.com/ramsey. That's joined me.com/ramsey. >> She thinks that this master's degree is going to get her a job. >> Nah. >> How old are you guys? >> Um I'm 25 and she's 23. Yeah. >> Yeah. A master's degree doesn't solve it. >> No. No. You you've got other issues going on. So, um I you know, I think there's a lot of possible tracks that she could take with a uh the biology degree that is a lot better than $17 an hour. Obviously, you could have made $17 an hour without a degree. Um breathing, you can make $17 an hour. So, um uh yeah. So, no. I mean, you guys really desperately need to get your income up and then tear through these loans as fast as possible. Um, you got a mess on your hands and, you know, going deeper into bought a car you can't afford for sure. >> Good lord. And, you know, and going more into debt to to go get a master's degree to be a dietitian, no thank you. >> Nope. Nope. Nope. Look at what the incomes are. Nope. I I I think you got to study your career tracks and decide where we're going to go and how we're going to pay for it and then save up and get this get these debts cleaned up. Y'all got a mess on your hands, brother. Create your free every dollar budget today.