Reported 1 day ago
A New Jersey man, Tom, finds himself in a dire financial situation with over $1.8 million in debt, including multiple mortgages and a car loan. After losing his job and transitioning to driving for Uber, he and his wife are now selling all their assets, including their home and investment properties, while struggling to manage ongoing expenses. Financial expert Dave Ramsey points out the flaws in Tom's approach, emphasizing the risks of assuming rental income can cover mortgage obligations.
Source: YAHOO