$200k Income, $8k Debt: Ramsey’s Advice? “Cut Up Your Cards and Get Serious.”

Doucefleur / Shutterstock.com Dave Ramsey put it pretty bluntly when a caller with a $200,000 combined income rang in asking what their next move is with their $8,000 debt and lack of emergency savings. He said to "cut up" those credit cards and pay off that credit card debt already. Indeed, Ramsey is right on the money as he usually is regarding those who have outstanding balances accumulating high double-digit interest on various credit cards. And while cutting up the cards seems a tad extreme, I do ...