Reported 3 days ago
An Ohio couple worth $40 million is considering borrowing against their lake house through a HELOC to cover expenses, which financial expert Dave Ramsey strongly opposes. He critiques their financial advisor for suggesting such a move and emphasizes the importance of living within one's means. With a significant portion of their wealth tied up in a business, and their extravagant lifestyle costing around $1.5 million a year, Ramsey advises the couple to adjust their spending habits instead of incurring debt.
Source: YAHOO