A Heartbroken Wife Says Her Husband Hid A $200,000 Loan That He Lost In A Crypto Scam. Dave Ramsey Asks, 'Where Did You Bury Him?'

Core Insights - A San Francisco couple faced a financial crisis after the husband secretly took out nearly $200,000 in high-interest personal loans to invest in cryptocurrency, which ultimately resulted in a loss due to a scam [1][3]. Financial Situation - The couple had successfully paid off approximately $80,000 in debt by May 2024, leaving only their mortgage [2]. - Following initial small investments in cryptocurrency, the husband took a significant loan of $200,000 without informing his wife, leading to panic when she discovered the situation [3]. - Their current financial obligations include close to $200,000 in loans with monthly payments of about $5,000 at interest rates around 23%, against a household income of roughly $10,000 per month [3]. Emotional Impact - The emotional fallout from the financial loss was significant, with the husband attributing the loss to divine punishment for his actions, a notion that was challenged by financial expert Dave Ramsey [4]. - Ramsey emphasized the importance of taking responsibility for financial decisions to prevent repeating the same mistakes in the future [4].