Navigating Financial Exploitation

A young person recounts their experience of financial exploitation by their mother, detailing the debts incurred from co-signing loans and the emotional impact of the situation. The chapter explores strategies for debt management and emphasizes the importance of personal credit protection while seeking supportive relationships for recovery.

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📈⁠⁠⁠ ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠⁠⁠

Dave Ramsey and George Kamel answer your questions and discuss:

"Could you provide advice to me as a newly sober man who needs to get a handle on his debt?"
"Is 0% financing better than pulling from my 401(k)?"
"My parents lied to me about my student loans being paid off. Am I still responsible to pay?"
"I was misled by my financial advisor. How do I get back on track?"
"The minimum payments on my student loans don't cover the interest. Should I still do the debt snowball?"
"Should I take out a loan to consolidate my credit card?"
"How much should I put down on a second property?"
"Can we afford for me to stay at home now?"
"My husband lost $200k day trading. How do I get him to follow the Baby Steps?"
"I co-signed for my mom's house and now she's behind on her payments. How do I get out of this?"