Core Insights - The article discusses a financial dilemma faced by a young man named Adam, who is being pressured by his mother to give her $50,000 to avoid foreclosure on her home [1][2] - Financial advisor Dave Ramsey emphasizes that giving the money would not solve the underlying issues and would only perpetuate the dysfunction in the family [3][5] Financial Situation - Adam's mother has a $90,000 home-equity line of credit with a balloon payment due, and she is unable to work or refinance her mortgage [2] - The house is valued at approximately $300,000, but the mother refuses to sell it despite the impending foreclosure [2][4] Advice Given - Ramsey advises Adam that it is not his responsibility to bail out his mother and suggests that she should sell her house to avoid foreclosure [4][5] - He highlights the ethical and moral implications of the situation, stating that giving the money would not be a responsible action [3][5]

Jeff and his wife are in their early 70s, comfortably retired in Indiana with a net worth of about $2.3 million. But now they're facing a painful decision: Should they sell off property or mutual funds to bail out their son, who owes more than $200,000 to the IRS? The Son Keeps Making The Same Mistakes Their 40-something-year-old son returned to Indiana from Los Angeles 11 years ago to take over Jeff’s insurance agency. Back in California, he’d gotten into tax trouble while working in the music industry ...

Being financially responsible doesn't have to mean never spending money. Here are some tips to help you save for retirement, pay off debts, and still have fun. https://t.co/vCY5daSshi ...