Reported about 13 hours ago
A Texan man, Jim, has seen his income rise dramatically from $25K to $195K yet is burdened by $500K in debt, which his wife is largely unaware of. Dave Ramsey pinpointed Jim's critical error as neglecting quarterly tax payments, leading to a $25,000 tax bill. To address their financial woes, Ramsey advises the couple to create a repayment plan focusing first on IRS debts, then credit cards, and emphasizes the need for transparency and teamwork in managing their finances.
Source: YAHOO