Father earning $200K lives paycheck to paycheck thanks to $100K of debt. The Ramsey Show has a 'radical' solution

Many people may assume that a $200,000 salary should cover the mortgage and the bills, while leaving plenty of breathing room for discretionary spending. But as Lloyd from Seattle explained to Dave Ramsey and Rachel Cruze, hosts of a recent episode of The Ramsey Show, most of his income is earmarked to pay off debt; by the time groceries, gas and the random “life happens” expenses hit, his family’s bank account is back in survival mode (1). Must Read “It's all payments,” said Lloyd, responding to a que ...