Core Insights - A Nashville man, Steve, is seeking financial guidance due to significant debt and modest income, highlighting the challenges faced by many households in similar situations [1][2]. Debt and Income Overview - Steve and his wife have a total debt of $434,368, which includes a $268,000 mortgage and $166,000 in non-mortgage obligations such as car loans and credit card balances [2]. - Their total household income is approximately $147,000 before taxes, with Steve earning about $80,000 from his job and $37,000 from a side business, while his wife contributes around $30,000 [3]. Financial Pressure and Lifestyle Choices - Steve feels overextended financially, particularly due to high car payments totaling $1,752 per month, which significantly impacts their ability to save for retirement [3][4]. - The hosts emphasized that the couple's expensive vehicles, valued at around $80,000 combined, are detrimental to their financial health and retirement planning [4]. Recommended Actions - The hosts advised Steve to sell his high-value cars and opt for cheaper used vehicles, focusing on aggressively paying down debt using the snowball method before prioritizing retirement savings [5]. - The discussion underscores the importance of financial planning and the potential benefits of working with a financial advisor for households with substantial income but facing lifestyle-related financial challenges [6].