'Your Dream Becomes A Nightmare' — Dave Ramsey Warns Business Owner With $90K Debt As Pregnant Wife Says The Family Has Just $25 Left
Yahoo Finance·2025-11-15 20:01

Core Insights - The family is facing severe financial distress due to the collapse of the husband's construction business, with over $90,000 in combined personal and business debt [1] - Immediate action is required to address the income problem, with suggestions for the husband to take multiple jobs to stabilize the family's finances [2][5] Financial Situation - The couple has a home valued at approximately $250,000, with a remaining mortgage of $175,000 [3] - The truck is valued at around $6,000 but has a $14,000 loan balance, while a trailer purchased for $17,700 could be sold to alleviate some debt [3] Recommendations - The priority for the family should be to focus on essential expenses: food, utilities, mortgage, and truck payments [4] - The husband is encouraged to complete any remaining construction projects on weekends and to seek immediate employment opportunities, including working multiple jobs [4][2] - Selling the home is not recommended at this time, as the primary issue is income rather than asset management [5]