If your private student loans are in default, you're not out of options. Go to yrefi.com. I am recently married within the past three months and my wife has loans, student loans, and car payments and we are in debt. I personally have zero debt and I owe nobody anything.
We are married but living separately by choice because we wanted to knock out this debt before we went in and decided to buy a house or something. So I wanted to see what your advice would be for us to knock out this debt before jumping into buying a house. You got married three months ago and you don't live with your wife? Unfortunately no.
We are in a very special situation where we're lucky enough that both of our parents still let us live at our perspective. Parent houses, so where weekend warriors is what I call it. I also have a pretty- Hold on a second. Hold on, hold on, hold on.
What is weekend warrior? I'm afraid to ask this but I gotta know. They get to see each other. You guys go to one of the other parents' house on the weekend?
Yes. Are you in different cities honey? We are in different states. Okay.
Where are we going to live when we get married? Planning on, we are already married. No, no. But planning on living in Ohio.
Granted, I am a professional basketball player and I have been for the past two years. Now my wife has a nine to five job and we got married very quickly so she could join in and a contract for me to play overseas but I didn't get a contract that I expected so now we're kind of standing here married but not living together. So your professional life is overseas, Planball? Yes sir.
Okay. But right now you don't have a job. I do. So I am working for a friend.
He owns an auction business and he pays me in cash and I just work the hours that I can and the hours that I want but I've been increasing those hours and days because I want to be better for God willing our future family and my wife. What is the future? I'm so there's so many things to talk about. What's the future on the basketball contract?
Yeah. When I come up again? So I signed a small contract coming up here in the month of February, March, April and May and that will be in the United States and they're providing housing for my wife and I for those months and then I will be getting before tax. Is that in the NBA sub league?
I've forgotten what it's called now but is that what that is? It's the league right below the one that you're thinking of. So yes. So you're way down low.
So how much money? This is not a lot of money and that's why I asked that. How much is that contract for? For those few months?
Well it would be three grand a month before tax. So when do you go when you're when you're in Europe, what do you make? It really depends on the league and it depends on. How have you made it in the past?
May, twenty four hundred a month and then the last one was at a thousand a month. So you're not going overseas for that when you can make money in the NBA development league? So what is your career plan because those all suck? My career plan is eventually I actually want to become a preacher.
Okay. All right. But I how much that does your wife have an emergence in student loans? So in two loans one is a little over five thousand another is thirteen and then federal aid and student loan is five thousand and then a car payment with five thousand left.
Okay. And so you're planning on base camp to be Ohio? Yes sir. Or you live right now?
Yes sir. Okay. All right. Well the best way to attack this financial situation is to create a more symbiotic relationship and that would mean that you and your wife go get an apartment tomorrow and you actually live together seven days a week because what you're doing is unbelievably weird.
Yeah. You're telling me. Wait a second. So I got to ask really quick and I'm not picking on you but I really want to know you called and you're used to coaching.
If you responded to Dave's comment that way, believe me I know that leads me to believe tell me if I'm wrong that this is not an arrangement that you came up with. This isn't your idea or am I wrong? It is both of our ideas. Okay.
Again I was anticipating this contract to come by. That's why part of the reason why we got married so early the main reason is because we both believe in God and we wanted to be married. But when I was negotiating it, it did not go the way that I anticipated that. Listen, listen, listen, listen, listen, listen, listen, I get it.
I got to tell you something. You need to choose which first of all I don't think you should be in either parents' house but you should choose one and live together. Let's get this thing going. You as a pastor you would never tell a young couple to do what you're doing, would you?
No, I wouldn't. And you need to get like an apartment and you need to leave your parents both of you. Yeah. And you've been being a basketball gypsy and now you got married.
And so if you're going to be a basketball gypsy she's going to be riding in the trunk with you and or you're going to move on and move towards becoming a pastor and moving along. So I appreciate that you wanted to get married rather than shacking up. I appreciate that. Thank you for that.
Good man. Good idea. Bad idea to live separately. And in order to pay off the debt, that is not no, no, no.
And apparently it's not room or it's not conducive to a married couple for you guys to be at either family's house which suits me fine too. I recommend all young people go get a life away from their parents, married and unmarried, especially married. Yeah. Get a life.
And that's going to make you more money and it's going to make your career blossom because it's going to make your manhood and your relationship blossom. And you know, she's got to be away from her mommy and so do you. And you know, mommy can just email recipes and that's about it over the fence. That's it.
And that's you guys really, really, really need to, you're going to do better to answer your basic to get her out of debt. You guys out of debt, you phrased that properly. But from the debt that she brought in faster when you're working together, even with an apartment rent because you're both going to be looking at this going, I'm going to work all the time. And when I get home, I'm going to see my wife and I'm going to work all the time and I'm going to get home and see my wife.
And we don't do $1,000 a month stuff in 2025 and call that professional. Slightly above hobby. Yeah, I was going to say professionally speaking, I have a good friend who was in AA baseball many years ago, he and his wife straight out of college and they gave it a timeline. They both sat down and said, all right, we're going to give it this much time and they're going to put some measurables on it.
And you know, you've played at the European level or wherever you've played internationally. And now you're in the lowest development league. You know what the odds are. You're going to have somebody in your life, a coach on that team, the general manager up the line.
Let's put a real number on how long we're going to give this and you've got to work extra like Kurt Warner, the famous now Hall of Fame quarterback, Stock and Shelves. This has been done before, but you need some real measurables on the basketball side and your wife now, we agree. This is how much we're going to give it. This is what we're going to do together.
She needs to be on the road with you. Like Dave said, you guys need to be in this together. You guys can scrape by on this three grand a month and hustle and learn how bad this situation is. I think you've got to be together.
I just really wanted to hit that. But I think you have got to get to a point pretty quickly where we go. We're going to realistically measure what my opportunity is in professional basketball. That's here and abroad.
Give it a time length, get retested and see if there's something there, if it's not, it's going to be hard to give it up, but you got to walk away and walk forward. I couldn't do it. I couldn't do it. So I can't tell somebody else to do it.
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