"Florida Couple's $138,000 Income: Living Paycheck to Paycheck Branded 'Broke' by Dave Ramsey"

1 min read
Source: Yahoo Finance
"Florida Couple's $138,000 Income: Living Paycheck to Paycheck Branded 'Broke' by Dave Ramsey"
Photo: Yahoo Finance
TL;DR

A Florida couple earning $138,000 annually found themselves living paycheck to paycheck, prompting financial expert Dave Ramsey to criticize their spending habits. With $440,000 in debt, including student loans, auto loans, and a mortgage, Ramsey advised them to make drastic lifestyle changes, such as selling their cars and cutting back on expenses, to tackle their debt and build a financial safety net. Despite their high income, the couple's overspending serves as a cautionary tale for many Americans facing similar financial challenges.

Share this article

Want the full story? Read the original reporting

Read on Yahoo Finance