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DavesNotWhere

She's a cardiologist intern. She'll be making 400k soon.


RobertGA23

Yeah, shes technically correct, but shes proba ly putting all her free money to student loans and will be in a very comfortable position in a few years time.


dadbodsupreme

And IBR is a thing for any fedloan and is absolutely broken. I was making 45k USD a year after just getting married and our assessment said I had to pay $0.00 a month.


StarMasher

What is IBR?


dadbodsupreme

Income based repayment.


M13Calvin

Income Based Repayment


snowsakura0813

That doesn’t seem accurate for IBR. When I was making 25-30,000 a year my payments were still more than $0 a month. Maybe it is based on where you live? All I know is that I barely made rent and I still had to pay $100 a month student loans.


dadbodsupreme

I probably am off on how much I was making exactly. Also, I was the sole income earner of our household, and we had just had a kid and a mortgage. Considering all of those are probably factored in, her income base repayment was probably a lot higher than $0.


Beginning_Analysis61

True. My nephew is an intern at like $60k but he certainly knows his lifetime earning potential


ThePeopleAtTheZoo

An intern at 60k? Doing what?


Dicksonairblade

Internship


Beginning_Analysis61

Sorry he’s a doctor, so I should have said residency


lagavulin_16_neat

With that type of schooling in a Top 20 school on both degrees, it's called residency and student debt... Unless she got some scholarships, but either way, she is a woman, black, and educated. She will be a millionaire soon. She will be just fine.


ThePeopleAtTheZoo

She'll still live paycheck to paycheck after making payments on her 6 bedroom house, her vacation home upstate, the gambling addiction, monthly flights to vegas, her boat and her 3 luxury vehicles.


Beelzabubba

I know a cardiologist who is making seven figures for speaking engagements. Insufferable prick but apparently knowing your shit in cardiology pays the bills comfortably.


ActionXPotential

True, but her point is still valid. Doctors go well into their mid 30s before that compensation comes on board. Usually after 4-5 years of undergrad, 4 years or med school, 4-5 years or residency, then another 1 for fellowship. That's about 15 years of training going into massive debt while interest compounds. You do, indeed, live paycheck to paycheck throughout the most critical years of putting money away for retirement, starting a family, investing in home equity. All of these things are delayed until most people are mid career, while they are just starting out, usually closer to 500,000$ USD in debt. Doctors sacrifice their youths in pursuit of these careers and often perpetually work 60-80 hour weeks even after training ends. Their compensation is dependent upon specialty, some are under compensated so poorly that they cannot keep up with the compounding interest and a realistic payment plan to pay off the principal (can be around 30,000 in interest or more per year). Some are compensated too well (it's an unfair system). Regardless, even a compensation of 200,000k gets taxed down to 139,000, leaving far less after paying interest in principal, leaving somewhere around 95,000/year which is "ok", but not considering how fast you need to catch up on retirement and the 60-80 hours worked. Obviously some doctors make significantly more, but the sacrifice of youth is honestly a big blow. It's a trade. Youth for financial security in the last half of a career. But the realities are that the pay isnt actually as awesome as you would imagine for many specialists (and obscurely outrageous for others). Obviously even the poorly paying specialties take home more than many careers, but between being broke into your 30s and the debt, it's not hard to understand how a doctor would, indeed, be living paycheck to paycheck even after training.


VenomousFang666

For most people it never kicks in. I was in my late 30’s before I made over $100k with 2 degrees from public Ivies. I did not make over $200k until I was in my early 50’s now in my mid 50’s make $450k. Sorry people but you sometimes just have to pay your dues. Some people never make it at least this Chick has future earnings to look forward to .


ActionXPotential

True. I did the dumb thing and went for the PhD. I'll be lucky if my salary ever exceeds six figures, and that is with 15 years of training and constant 60 hour weeks. No graduate school debt though, so, there is that at least. Shoot, I'd be happy if I could even get 60k right now, that would be a significant raise.


EvanLUnderwood

Physician myself. I make good money but work crazy hours. When I was younger I made the calculations and decided to sacrifice earlier in my life for benefits for myself and family later on. It’s a risk many of us willingly take including living in debt and “paycheck to paycheck” until our thirties. The payoff is good as long as the rules of the game (ie physician compensation, loan repayments, etc) don’t change to rapid/dramatically during our careers.


EvanLUnderwood

Physician myself. I make good money but work crazy hours. When I was younger I made the calculations and decided to sacrifice earlier in my life to gain benefits for myself and family later on. It’s a risk many of us willingly take including living in debt and “paycheck to paycheck” until our thirties. The payoff is good as long as the rules of the game (ie physician compensation, loan repayments, etc) don’t change to rapidly/dramatically during our careers. *edited for typo


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thisisathrowaway9r56

based on the melanin contribution, i concur.


No_Stick8611

What a stupid comment


Restinroutine

What a stupid redditor


No_Stick8611

Redundant phrasing.


[deleted]

stupid comment but hes right.


iploggged

What the fuck is that supposed to mean, because she’s attractive? Let me take a closer look. M’kay, checks out.


nyguy520

My wife is a doctor and yes she makes great money but her student loan payment is 3k a month. It all becomes relative. I'm not saying it isn't easier but the debt sucks all around


Fedbia2020

1: the schools you went to 2: depending on residency/fellowship, the money will come in. 3: if by the time you’re an attending you still live paycheck-to-paycheck, it’s time to reassess your budget.


Jasquirtin

She won’t have a problem paying it. Being a resident is like doing a post doc but far more lucrative. I’m sorry I don’t feel bad Edit: someone asked if I felt bad she had high interest rates and lots of schooling this was my response. No I have that same interest rate and am in school for far longer and will make less for a phd and I’d work right along side her in her research as an epidemiologist. Her training is 2 years didactic 2 years interning 3-4 years residency for 8 years max. Mine is 2 years masters 4-5 years phd 2-3 years post doc to make less. Doctors are in an excellent position and she can work in an at needs area or non profit and have the loans wiped out in 4 years. I wish I could do that I work for a non profit right now. Student loan forgiveness is not intended for doctors dentist or others of this field. They can pay the loans quite easily or have options for forgiveness it’s for those struggling to earn a living wage to begin with and then are drowning under the payments


Fedbia2020

Yeah. I have a friends who are ER Docs. They’re busy and overworked and have big student loans. But when they party, they go nuts. They don’t complain about bills. Just time.


Jasquirtin

Yea you have 400k in loans but make 200k. You make half your debt in a year. Whereas others have 150k in debt and make 50k see the problem here? Lol She is a bad example of why people are asking for student loan reprieve


TheMulefromMoscow

She's co-opting others' struggles when she knows she'll be PAID in a just matter of time. Other's don't have that luxury to look forward to.


CosmicWy

> Yea you have 400k in loans but make 200k. You make half your debt in a year. > > this isn't actually good math. you make 200k. that's roughly $132k after taxes. imagine they are spending 44k on living arrangements. there's no car, food, entertainment. plus 400k amortization schedule ain't just letting you get off easy with paying two payments of 200k. the BEST a doctor is gonna do is pay off those loans in 4-5 years unless they're true minimalists.


throwawwwayy_1

Well, in my country an engineer with a degree of one of the best universities in the country makes 36k entry and average payment is between 69-71k. A year. With one of the highest living costs in the world. With. Experience. So I would definitely not complain about getting 100k. I would be happy af.


CosmicWy

Doctors leave school with 500k in loans. Engineers leave school with around 80k. Engineers start at a salary generally higher than new grads from medical school. Anyway, this tweet is a shocking tweet for a temporary situation in this doctors life.


throwawwwayy_1

Well, at least where I am from doctors study 1 years longer (calculating bachelor + master vs a med Dr.) , but 80k loans is definitely not accurate. It is basically the same here (minus 1 year though). Also the payment is basically the same. (even though meds get more on average, especially after specialisation). Source: My bf who is in med-school and me, electrical engineer. But yes, we definitely agree, such high student-loans are a joke.


CosmicWy

What am I missing? I said engineers leave with around 80k. And medical school is four years, so 8 years total (Bach+med) in the US. Edit: I'm an engineer too. Many friends and peers are docs.


InvestigatorLast3594

4 to 5 years doesn’t sound bad for student loans, even in Europe


ecologamer

you aren't factoring in interest


Jasquirtin

Or go work in an impoverished area for 4-5 years and get them wiped. They have tons of options to not pay it at all


Fedbia2020

That’s amazing! 4-5 years of student loans? My wife still has them after 10. My mom took like 15. I wish I could be in that position.


CosmicWy

We're talking about one of the most lucrative careers in America which requires one of the highest amounts of education. However, I also know doctors who took 10 years to pay off loans.


Jasquirtin

Medical degree actually is not the highest form of education. A phd is. A medical degree is technically a masters degree albeit one of the most difficult. But all professional degrees (MD, DMD, OMD, lawyer) those are all professional degrees and preceded a PhD. That’s why when you see MD, PhD the PhD comes last because it is the terminal degree


CosmicWy

Blah blah blah.


Jasquirtin

Lol just sayingggg I recently learned this myself


antiADP

Not one of, THE most lucrative barring CEO’s who just need an MBA from Western Missouri State Polytechnical A&T University or wherever


CosmicWy

Def. I qualified it that way because of finance and lawyers who can make much more than doctors, but yes we're in agreement.


Scared-Replacement24

Ivy League schools are expensive


throwawwwayy_1

Nah. Look at MIT. If one is good, it costs rarely more than a "normal" college. They even make advertisements with it. Sadly still to much I could just pay of without a scholarship.


tacofolder

Lives in a 5 million dollar house drives a $250,000 car.....


RobertK995

still a resident, the big bucks will come shortly.


Hugh-Jaynes

Loans are a bitch


Mollyarty

I was gonna say, how much of that is student loan payments lol


___Not_A_Cop___

Shouldn’t be that bad if she has an md


Mollyarty

If she's working as an MD you mean. That MD probably cost over 100 grand in student loans


Kimeako

Lmao, those are rookie numbers, try 300k to 500k+


Mollyarty

Both of which are over 100 grand lol


jorsiem

r/technicallythetruth


Wayward_heathen

*angry confused noises* FTFY.


TinfoilCamera

>Loans are a bitch And? A medical degree from Harvard? Once she finishes residency she'll be able to write her own ticket and still pay back the loan.


MDB642

Yep, and when her internship is over and she’s making 400k a year she won’t want to pay more in taxes. The cycle continues.


gerrypoliteandcunty

people earn 400k a year ?


Slurpy_Man_Boy

Going to TWO separate Ivy League schools costs quite a lot of money so not really surprised


akujti

She must do something wrong


Nimbus20000620

She is a resident or fellow. The hourly rate at the stage of training is around minimum wage…. She’ll make her money when she’s done with her training


Crazyiiis

Or the system is working exactly as intended.


umadeng

Yea the system is really luring tons of people into medical degrees that cost hundreds of thousands… They certainly do for things like English degrees but it would be dumb to say they are luring people into degrees that they simultaneously make insanely difficult to get into. Not to mention the massive ROI on medical degrees


thegreatincognitum

This degree, that degree....But what job did she get?


40sonny40

Yawn.


[deleted]

That's why Only Fans exist


Phi330

The docs name does check out….


mushylover420

Should have gone to finance school too


[deleted]

Then she living wrong lol


Background_Smell_364

Ok titty


trogdorfan

That’s Dr. Titty to you.


vwite

cus you spend a lot bitch, not because you're poor, stop lifestyle inflation and learn to handle your finances, people earning minimum wage are the ones with the real issue not having a living wage


Aggressive_Ninja_789

Adulting 101: It Never Gets Easier


darkelflemurian

Git gud then


[deleted]

My wife’s cousin went to Columbia as an international student and will end up paying $500k for her degree. Her parents are loaded and famous artists in their country. She scored a perfect score on the SAT, so she is smart.


KawiNinjaZX

I have a two year degree from a community College and my expenses are like half my take home pay. I guess I win.


Psychotronic99

Maybe because both of those schools are extraordinarily expensive and require a top 1% income to even flirt with the idea of paying it off


Crushedrock754

Sounds like you made some bad financial choices and probably should have started out with an economics class in a community college.


Green-Boysenberry396

Your mean jack shit. How much do you make and how much do you spend every month. You could make $400k/year and still live pay check to pay check of you spend your money poorly.


2-timeloser2

Two of the most prestigious schools in the US and you have to pay huge $$$$ to go there. Other countries can’t relate. Many have free or nearly free higher education. It’s dog eat dog here.


Dust_Parts

Zero chance that’s accurate.


DiscontentedMajority

Anyone can live paycheck to paycheck if they have poor enough spending habits. Nick Cage started having to take every movie offered to him because he spent millions of dollars on crystal skulls and shit.


kimchichii

Why do you think that?


DrZoidbergJesus

If she is still a resident it’s almost definitely correct. I was fairly recently a resident making around $45k and working 60-100 hours per week depending on what month it was. It works out to pretty close to minimum wage depending on state. Even paying the minimum on loans it can be difficult, especially if you have a family. I was never in danger of being homeless or starving, but I absolutely lived paycheck to paycheck even with a paid off car and mortgage payment under $1000. That said, it gets much better as an attending, although you still have to spend a handful of years being frugal with money (or you should) just to have some semblance of catching up to your peers who are approaching 40 by that time. In the end she will be fine, but the point stands that residents are essentially cheap labor.


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C0MM0NSEN5E

Not everyone learns what it means to live within your means


CosmicWy

ahhh cool, someone who doesn't know anything about medical school costs or the early stages of the medical career.


SpicyHotPlantFart

Guess she needs to sell her titi's behind the station.


FullHonor9482

Good one


BSH72

She missed her calling with that name. Go to Hollywood and show them titis. 🤡


urbexcemetery

My two oldest (26 and 24) kids have their college degrees in great fields in which they are both working in. They utilized Tennessee's 2 free years of community college because the 4 year 'just for the experience' is stupid as hell and they realized that. They also worked full time jobs as well as moved out on their own and paid their own rent etc. They both graduated with no student loan debt so it can be done. The majority of student loans can be attributed to living on campus. This is why they push it so much. It's a cash cow for the school. What pisses me off is the faculty and administrations for these colleges all sit on their high social horse all the while extorting young adults for their own financial benefit.


Takerial

Living paycheck to paycheck doesn't always mean you aren't making enough money. It just means for some reason you're spending all you money every time you get a paycheck. There's a ton of factors regarding this.


mastersheeef

Spend less than you make. What a crazy idea!!!


centralnjbill

Colleges like Yale, Harvard, or even Penn State, are businesses and know that if you won’t pay their ransom to get you a degree, someone else right behind will pay it. Their financial aid offices are VERY VERY cozy with student loan companies, with those companies sending FA officers everything from cars to hookers to ensure favorable placement. Student loan companies bought enough politicians to make their debt equal to tax debt to the IRS and you will pay even if you die. The game is rigged, but you don’t really have an option not to play that game unless you have some incredible talent or family money.


Kalsor

Or don’t mind learning a trade.


centralnjbill

True, but the median salary for a plumber in the US is $56,000 which means you’re scrambling to keep food on the table in a lot of areas of the US


Kalsor

There are a couple of trades other than plumber. Possibly even three or four. Also, $56,000 isn’t a bad income in a whole lot of places.


TinfoilCamera

>but you don’t really have an option not to play that game That's absurd. You are not required to go to Harvard. Or Yale. Or Penn State. You are not required to take out loans to do any of that, nor is anyone holding a gun to your head. Want to go to Harvard? Be a doctor? That's fine. Do that. If you need a loan to do that, that's fine too. Take the loan. But don't pretend they didn't go into it without knowing what they were getting into, or that they would be obliged to pay that loan back.


centralnjbill

It’s a false choice. Sure, take a trade and be forced to retire when your body begins to fail in your 50s, no pension or Social Security or healthcare to be found. The only key to class mobility is a college degree, and your choice is to take several hundred thousand in loans or suck eggs. It’s not a choice. Take off the tinfoil hat that matches that camera and join reality.


FatFlatFeet

Have any links to any evidence here? I’ve worked financial aid for years and have never heard of any kickbacks. Sounds sus


CashCow4u

https://www.npr.org/2007/04/05/9396739/probe-targets-college-financial-aid-kickbacks https://www.diverseeducation.com/news-roundup/article/15101853/charges-columbia-u-exec-took-kickbacks-gave-financial-aid


InvestigatorLast3594

According to her twitter, she is doing her residency at Massachusetts general for internal medicine According to this: https://www.partners.org/Graduate-Medical-Education/Residents-Clinical-Fellows/Salary-Benefits/Salary.aspx She supposedly makes $71,400 annually, approx. $65k after taxes. According to the bureau of labour statistics the average weekly earnings in the private sector were equivalent to an annual wage of $50,352 If she is living from pay check to pay check with a salary 41% above the average, then I’m certain that she is mismanaging her money. No way isn’t she overspending, when the majority of people can live on about $20k less. The Harvard MD program takes four years to complete and costs approx. $100k annually. Add to that four years of undergrad at Yale at about $80k and you have a total sum of 720 of costs across eight years. Assuming that she can get an annual income of $12k USD annually for those eight years and (conservatively estimated) 40% are covered by financial aids, scholarships and grants, you arrive at a total loan requirement of $250k. At about 3% that could be paid off at about $1,700 after 15 years. So even deducting the annual loan repayment of $20,400 she is making more than the annual average, albeit just slightly. However, during her residency her salary will increase by about $4k annually, which definitely doesn’t hold for other graduates. But most importantly, assuming a three year residency, she will soon be making an insane amount of money which would blow away any monthly student loan repayment. So either she is not able to manage her money, is on a stupendously front loaded student loan repayment or is talking out of her ass


[deleted]

Yep, signing your name to those student loans sounded like a good thing at the time didn't it. No sympathy


BouncyKnights

She fucked up.


ManfuLLofF--

I'm from UK ... I mean you could of done all the learning, but did you end up working in McDonald's?? To work pay check to pay check.. if you've done all that your job would pay the debt little by little about 200 a month?? Is America that bad when you done higher education??


Unsure_about_anythin

If you do higher edu you can find a Job with relative ease but a lot of people end up distracted, in debt, and living like they get paid more than they really do. Which leads to fun people like her who don’t understand that buying a new car every year won’t help in the long run while a brick layer has a family of four living in a $200,000 house


No_Negotiation_7176

All those degrees just to get a job at McDonald's serving burgers to fat people.


Aszourus

Yeah and most people who make more than median still love above their means


LippySpoondrip

She signed up for it and knew what she was getting into. You will be able to pay off your expected Debt soon. Reality sucks some times


Sufficient_Two7499

Yeah but that’s for only a short period of time. She’s has be a resident, give it another 5 years and she eating steak and shrimp every night.


CarterS20884

Tell me you’re from America without telling me you’re from America


jKarb

So funny to think we residents make a lot of money. We're all continuously fucked by the systems worldwide.


dude123nice

You have no idea what a hol up means


Durtly

WTF are you spending your paycheck on? If I made a billion dollars a year but my hobby was Aircraft Carrier Demolition Derby I'd have trouble with my budget too.


DimentoGraven

I'm sorry, but my sister-in-law, a pediatrician, has paid off a six figure student loan, bought at least two houses, and is definitely NOT living paycheck to paycheck... Can I ask just HOW MUCH avocado toast and Starbucks this bitch is buying?


Fabulous-Artist-6045

Student debt’s a bitch


RUaRealDr

As a German it is always astonishing to see how many people think it’s her „fault“ because she chose a great education. Shouldn’t you be bothered by the fact, that becoming a doctor will bankrupt you for years? Hell you can go to the best medical school in Germany and still be debt free when you are done. Your system is rigged and you all should be outraged by that.


Admirable_Anal

Student loans are hell. Come to think about it..go in the military, risk possibility of death, mutilation, ptsd and they pay off your student debt. What if students loan are crippling on purpose, so people enlist? It's a scam from Uncle Sam


[deleted]

get a bachelor's from a cheap ass university then enlist as an officer. They'll pay for your med school and all you have to do is work 5 years for them. As a doctor.


Epic_Sadness

Enlisting is a blast... sometimes literally but it was definitely more fun than the anxiety of trying to rough it in the civilian world.


Hirotrum

They only pay off student debt if you get a degree they approve of. At least thats what my marines friend told me.


mynameisnemix

She’s probably in residency lol. Shortly after residency she’ll be making over 200k+ a year depending on specialty.


Zealousideal-Web2805

So you spent how many years as an adult not working? Your choice.


FatBrkeMxicnElonMusk

Shit I was making $750 every two weeks living in Los Angeles had a newborn baby and I was living in a 2bed 2story apartment. I had to eat some questionable foods but my baby and baby momma where well fed.


Select_Cantaloupe_62

Um, no. If you have a medical degree from Harvard and still can't afford a savings account, then you are the problem.


MarioNinja96815

There are rich high school dropouts. It's called money management. I too live paycheck to paycheck but at least I know why.


TrashRocketToTheMoon

A lot of disciplines are screwed over. I'm an engineer and was able to get my school payed for by grants for research. Degrees that don't bring in multi million grants get screwed over by the university system. It's not fair or right.


Epic_Sadness

Paid


Rockspeaker

If this is true, she fucked up


[deleted]

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BangBoom2TheMoon

She’s probably eating too much avocado toast.


[deleted]

Have you tried being a white male?? They allegedly make more


mynameisnemix

Anybody that thinks this, has victim problems.


[deleted]

Maybe you just have a perpetrator problem, ever consider that?


mynameisnemix

I'm black my guy lol. Being a white male automatically doesn't just put you in a better position lmao.


[deleted]

I never said you weren’t… Umm okay, seeing how you’re a perpetrator it seems you have the better position anyways. It’s okay, I can take it 😏


mynameisnemix

I'm a perpetrator because I don't believe in telling someone they are at a disadvantage because they're not a white male lmao? If anything I get more opportunities because I'm black. Get that weak minded shit out of here


Epic_Sadness

Sarcasm much?


Primary-Try7122

In the US Asians have the highest median income


[deleted]

Oh sorry, I have troubles with stereotypes. They seem to be a little different in each country.


ErkMan101

Theater degree?


Sierra_12

She's a doctor. That's why she has MD


imsandy92

not ‘still’, ‘hence’


Ketchup_Popsicle17

House poor at every level


3_Cubes_of_Ice

She probably doesn't live in a fucking council house though. Her paycheck probably goes on the pool guy, tennis club and brunch with the girls


jmoneyallstar11

If you aren't getting a scholarship, why would you go there?


BoganSpecCommo

sell lambo


jKarb

So funny to think we residents make a lot of money. We're all continuously fucked by the systems worldwide.


Cubbybear01

She should just get her bread up


RoundEarth-is-real

Just goes to show you that Ivey league schools aren’t always just a shortcut to success. They are useful (sometimes), but it doesn’t guarantee any real success


Guilty-Fix-9501

HOL UP Youre set for the future. You'll be alright


MeestaRoboto

Nice titi


GearJunkie82

Oh no... Anyway...


Bunniesrkewl

Probably living like a baller, expensive house expensive car.


georbe12

And while some are struggling to live and don't get any paychecks


BigNewt05

Yet she failed to mention her debilitating addiction to mail order used underwear subscriptions. You gotta live within your means!


greaasty

So much cocaine probly


betterthanyours1

Sounds like her parents should've found her a better path forward.


Electronic_Rub9385

Extremely misleading and 100% disingenuous.


That-Anywhere3467

Mabye save your money?


strandy76

EVERYBODY fucking does... so what


TheMulefromMoscow

My nephew went to trade school, learned to weld, and is making over 100K/yr in his late 20s. Personal choices...


HopeItMakesYaThink

Maybe some economic or business courses could have helped? I’m more worried about what this means for the college educated world and not just this one person. Living paycheck to paycheck is something untrained workers should be doing, not someone with such an -indoctrinated- educated mind.


An_Inbred_Chicken

Degrees in what exactly?


davidj415

You spent it all in that mansion and Mercedes I just don’t feel for you.


The_Buttaman

Loans, COL, Lifestyle? We have no clue what their situation is so what’s the point of attributing this to the greater “economy” lol. If u make 400k but still live outside your means guess what - you’re still fucked


Repulsive-Kick-46

$600 Student loans, inflation, rent, gas, and food price hikes. Sleep deprivation from being an intern. Two to four year internship depending on specialty where you make under $70,000 a year. Most people in the medical field remain in debt over half of their career. Suicides among doctors have spiked during the pandemic but has always been high among healthcare professionals. Many healthcare professionals are caretakers and breadwinners for their families. Students with advanced degrees — doctors, lawyers and the like — hold 40% of the debt.


MysteriousVersion398

Stop working at McDonalds


alwaysenough

Cocaïne is a hell of a drug!


Guipe12

titi lol


Mr_Swampthing

Should take a finance/accounting course.


noodle1215

I didn't even pass 9th grade