Intro

In this chapter, the hosts interact with a New Jersey caller facing financial challenges, including debt from mortgages, a car loan, and credit cards, exacerbated by a recent job loss. They offer advice on utilizing his background in commercial real estate and expanding his job search to stabilize his financial situation.

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

Dave Ramsey and Jade Warshaw answer your questions and discuss:

"How do I navigate $1.8M in debt with no income?"
"My employment is directly tied to my FICO score. How can I pay off debt and keep a good score?"
"I'm 51 with no retirement savings and I am currently carrying my daughter's student loans I cosigned on..."
"Is it too late for a 47-year-old man to find financial peace?"
"My husband's gambling has us late on our bills. Do I have to go back to work, or can I still be a stay-at-home mom?"
"Our advisor is telling us to take out a HELOC on our vacation home to invest and supplement our income"
"How can I convince my wife that we don't need to invest while paying off debt?"
"How do we navigate family dynamics without seeming like the cheap family?"
"How do we wisely manage a $100K gift from my parents?"
"I was recently diagnosed with a rare cancer, how do I get my finances in order?"
"I'm $400,000 in debt, at what point should I declare bankruptcy?"
"We're debt-free, can we afford to buy a business?"
"What's the best way to invest our 15 year old son's earnings?"