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Maxed Out: Quitting More Than 50 Jobs Lends Itself to Debt

This episode of Maxed Out is about Ron and Jennifer, a couple living on a single income and unsure of how they'll pay next month's mortgage. Ron has been unemployed for three months due to injury, but their financial problems began 10 years ago, mainly because of his inability to retain a job — Ron admits that he has quit between 50 and 100 jobs in just one decade. They have six credit cards, two mortgages, and an emergency line of credit they used to pay the past month's mortgage. Find out more about their situation when you

.

Financial guru Allison Griffiths says their finances are about as bad as it gets. Ron has thrown a lot of money toward trying to become a self-employed supplement salesman and personal trainer, but without success. Both Ron and Jennifer habitually buy lottery tickets in hopes they will be able to pay their bills with the winnings. But there is no lucky pot in their foreseeable future, and Allison informs them that they have a monthly shortfall of $5,507!

A whopping 96.5 percent of Jennifer's monthly take-home pay goes to their first and second mortgage payments, leaving them only $127 for the remainder of the month. Their total debt, not counting their first mortgage, is $113,000, and at the rate they are going they'll owe $256,000 in just two years.

Allison gives them tools to form better financial habits, but this couple's situation is beyond her usual advice. She gives them an ultimatum: Ron must find a job with steady income, or they must sell their home. With such limited time, they make the decision to sell their house and use the money to pay down their debt.

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Join The Conversation
snarkypants snarkypants 7 years
WHAT?!?!?!?!? i can't even get one new job and he can get 50! crazy!
jh0816 jh0816 7 years
First I have to say, I just found this site yesterday thanks to Yahoo Shine, I think this site is GREAT! I cannot believe these people. There are 50 people who would love to have any of those 50 jobs right now. Incredible!
Alithyra Alithyra 7 years
This show has had some special people, but geez. Taking care of your own money situation is not precisely rocket science. At the very least have enough sense of responsibility to hold down a job.
karisaamy karisaamy 7 years
I really wish I got this channel so I could watch this show
Smacks83 Smacks83 7 years
Wow, just wow. And seriously, if you only have $127 a month after paying just the house, and over $5000 shortfall do you REALLY think buying several lottery tickets is a wise choice? Then again, wise choices may not be there forte. I mean the man is acting like a spoiled brat by quitting so many times and the wife is an enabler.
Renees3 Renees3 7 years
wow that is insane. And he'd rather sell their house then him get a job?? I can't even imagine being with someone like that.
geebers geebers 7 years
This show gets to me. These people seem so clueless. And yeah- this guy is a real winner.
Spectra Spectra 7 years
Geez, GROW UP already, dude. You can't just quit your job whenever you feel like it...it's part of growing up and being responsible. Everyone hates their jobs now and then. Yesterday, my day was so freaking insane that yes, I DID think briefly about quitting. But when you have bills to pay, you have to stick to it and do what needs to be done to get back on track.
starangel82 starangel82 7 years
50 jobs in one decade? Holy crap. He'll probably have quite a time finding a steady job with that record. Seems to me they need to sell the house in addition to him getting a steady job. Crazy.
bellaressa bellaressa 7 years
Seriously, she is taking care of a grown man, I need to watch this episode b/c he seems like he is man that likes to be taken care of. I can't believe they been in this cycle for 10 years and he hasn't gotten off his ass to help. Did they have kids? She can do bad by herself - she doesn't need anyone to bring her down. I hear Denise LaSalle singing "Drop that Zero, Find Yourself a Hero"
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