Dave Ramsey Warns Couple With Heavy Student, Car Debt And 3 Kids: Your Math Is 'Scaring Me To Death' – 'You're Going To Go Bankrupt'

Financial Situation Overview - A stay-at-home mom, Lisa, has $90,000 in student loans and her husband earns approximately $5,500 monthly from a new business [1] - The couple has two car loans totaling $51,000, with monthly car payments around $800 and a house payment of $1,100 [2][5] Expert Advice - Financial expert Dave Ramsey expressed concern over their financial situation, labeling it as "untenable" and warned that they could face bankruptcy if changes are not made [2][3] - Ramsey advised the couple to sell their cars immediately to alleviate financial pressure and suggested increasing their income to manage debt effectively [3][6] Debt Analysis - The couple's total debt amounts to $140,000, with $50,000 attributed to car loans, indicating a significant financial burden [6] - Ramsey emphasized the need for "radical" decisions to improve their financial standing, highlighting the urgency of their situation [5]