Reported about 1 year ago
Sandi, a 70-year-old with only $900 in savings, sought Dave Ramsey's advice on refinancing her mortgage and using equity to build a garage on her property. Despite her dreams, Ramsey advised against taking on more debt at her stage in life, emphasizing the importance of financial stability. Sandi's situation highlights the common dilemma retirees face in balancing desires for improvements with limited savings and fixed incomes, underscoring the value of careful financial planning and seeking expert advice for important financial decisions.
Source: YAHOO