Workflow
Sacramento man $800K in debt after a decade of risky ventures, lavish trips — what Dave Ramsey says to do ASAP
Yahoo Finance·2025-09-24 09:45

When Jefferson from Sacramento recently called into The Ramsey Show, he admitted something shocking: he’s carrying close to 800,000increditcardandloandebt.DaveRamsey,knownforhisno−nonsenseadvice,stayedtruetoform[1].“Thisisn’taboutthedebt,”Ramseytoldhim.“Debtisthesymptomofaboutsixthings.Noneofwhicharefixedbybankruptcy.”MustReadSowhatwentwrong—andwhatlessonscaneverydayAmericanstakefromthisfinancialtrainwreck?Howherackedup800,000 in credit card and loan debt. Dave Ramsey, known for his no-nonsense advice, stayed true to form [1]. “This isn’t about the debt,” Ramsey told him. “Debt is the symptom of about six things. None of which are fixed by bankruptcy.” Must Read So what went wrong — and what lessons can everyday Americans take from this financial train wreck? How he racked up 800,000 in debt ...