After 8 years of payments, Ohio woman still owes $17K on her car — more than it’s even worth. Why Dave Ramsey says it may be time for legal action
Bridget from Toledo, Ohio, reached out to The Ramsey Show for advice about how to handle a subprime lender who insists she still owes more than $17,000 on her 2016 Ford Fusion — a car she bought in 2017 that should have been paid off by April 2023. After making payments for more than seven […]
Man loses $100K in online scam to a NASCAR pro impersonator — here’s what The Ramsey Show hosts say he should do next to rebuild and recover
In February 2024, Burlington, Vermont resident Mark, 54, accepted a Facebook friend request from an impersonator claiming to be NASCAR driver Denny Hamlin. Over several weeks, the impersonator claimed that a “briefcase full of prize money” was stuck in customs and that his documentation for entering the United States had expired. Trusting his new “friend,” […]
Atlanta couple says their $22K ‘trip of a lifetime’ turned into disaster — and now they’re warning others. Would you pay up for a luxury cruise?
This article adheres to strict editorial standards. Some or all links may be monetized. Spending $22,000 on a European river cruise was supposed to be the trip of a lifetime for Atlanta couple John and Rosemary Kaasa. After a major health scare, the 15-day voyage was meant to be a celebratory return to travel. Must […]
I’m 62 and want to budget for a quality nursing home in Canada — how much should I be setting aside?
Once you turn 65, there’s a chance you’ll need some form of long-term care. Unfortunately, this care isn’t cheap. Government-subsidized facilities set daily rates, but if you want a private or semi-private room in a non-subsidized home, costs can climb quickly. For instance, a 2022 study on private long-term care, released by Sun Life Financial, […]
The Buffett Indicator is screaming danger — Canadian investors face a riskier bubble than 1999. Is it time to dump stocks?
Momentum in U.S. stocks just keeps building, with the S&P 500 recently hitting fresh record highs. Yet despite the market euphoria, one criterion — popularized by none other than Warren Buffett — is flashing red. The Buffett Indicator measures the total U.S. stock market capitalization against the country’s GDP — essentially gauging if there’s a […]
I recently switched health insurers and my therapist has informed me our sessions are no longer covered — and that I owe him $1,800. What can I do?
Having medical insurance doesn’t immunize you against unexpected health-care costs. Just ask the 41% of American adults with health-care debt, even though 90% of the U.S. population has some sort of health insurance. (1) Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you […]
My husband and I want to buy a Florida beach house for the family to enjoy — but will we regret pulling the trigger before paying off our first home?
Seven years from retirement, Ellen and Charlie face a tempting choice: buy a Florida vacation home now, or wait until their finances are more secure. On the surface, the idea seems idyllic. The couple, both in their late 50s, dream of escaping harsh winters and creating a legacy property they can one day pass on […]
Canadian man allegedly scammed multiple seniors out of $309K going door-to-door — and police believe more people were targeted. Here are the signs you’re being scammed
In July, Charlestown, Massachusetts police arrested a man in southern Indiana in connection with a scam that targeted American senior citizens across several states. Authorities say a senior Charlestown resident was tricked into withdrawing US$27,000 from his retirement accounts and handing the cash over to a man who showed up at his front door on […]
‘Please don’t do this’: Salt Lake City couple’s idea of renting-to-own so they can ‘unlock’ homeownership gets pooh-poohed by Dave Ramsey — here’s why
Danielle, 23, and her husband, 24, from Salt Lake City have applied for a state-sponsored rent-to-own program. Rent-to-own programs allow tenants to rent a home with the option to buy it later. They’re often seen as an alternative path to homeownership for people who can’t afford a down payment or don’t qualify for a traditional […]
JPMorgan tells Americans to stop chasing $1,000,000 in savings — so how much money should you really save based on income?
For most Americans, the “magic number” for retirement is $1.26 million, according to Northwestern Mutual. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don’t have to deal with tenants or fix freezers. Here’s how I’m 49 years old and have nothing saved […]