Dave Ramsey Warns Debt Is 'The Most Aggressively Marketed Product' In The U.S., Says Victoria's Secret 'Sells Credit Cards,' Not Underwear

Core Insights - Personal finance expert Dave Ramsey emphasizes that debt is the most aggressively marketed product in the United States, surpassing all other products in terms of marketing sophistication and profitability [2][4]. Debt Marketing - Ramsey states that significant resources are allocated to selling debt, making it more profitable than any other product [2]. - He highlights the prevalence of debt marketing, indicating that consumers are heavily targeted to take on debt [2]. Personal Debt Management - A listener named Jessica inquired about including her daughter's $12,000 car loan in her debt repayment strategy, as she has $20,000 in credit card debt [3]. - Ramsey advised Jessica to prioritize paying off her credit card debt before addressing the car loan, which he deemed manageable at the moment [3]. Cosigning Risks - Ramsey warns against cosigning loans, labeling it a "contingent liability" that can lead to financial repercussions for the cosigner [4]. - He shared his personal experience of having to pay off a loan he cosigned, referring to it as paying the "stupid tax" [4]. - Ramsey quoted Proverbs to emphasize the foolishness of cosigning, stating that it reflects a lack of sense [4].