No Xbox During Baby Step 2

Matthew is calling because lightning hit his Xbox and his router yesterday. Can he stop his debt snowball to save up and replace them?

QUESTION: Matthew in Atlanta is calling because lightning hit his Xbox and his router yesterday. Can he stop his debt snowball to save up and replace them? Dave thinks it’s a toy and wouldn’t replace it while getting out of debt.

ANSWER: You make six figures and you’re worrying about an Xbox? It does make you sound pretty nerdy to call me up and ask to buy an Xbox when you’re making $110,000 a year.

I personally would qualify that as a toy, and we’re not buying toys while we’re getting out of debt. If you guys can figure out having a garage sale and you allocate some of that or something to getting it used on eBay or something, then maybe. But dude, that’s a toy. This is not like a motorcycle we call a toy. This is really a toy.

This is kind of a funny conversation to say the least. Certainly, sir, you make enough money to go buy a stinking Xbox if you want to. If you and your wife agree to that, I’m going to yell about it too much, but the concept that we teach about the debt snowball is you put your life on hold and you do not buy luxuries of any kind until you get out of debt. You are totally focused. You are gazelle intense. You’re going crazy. Unless your insurance is replacing this Xbox, I’m not buying one if I’m in your shoes based on that.

But it’s a humorous conversation, dude, to say the least. It makes you look a little weird.