Dave goes on a rant about the importance of being wise about planning for your future and saving for retirement.

George and Lorraine in Richmond started out with $119,000 in debt and have paid off $19,000 already. They have about $100,000 left in debt. Half of the debt is from student loans. Should they place it in Baby Step 2 or Baby Step 6? Dave advises them to leave it in Baby Step 2.

John in Sacramento has $80,000 in student loan debt. He also has a Jeep worth $10,000, and it’s paid off. Should he trade it in or sell it to put the cash toward paying off his debt? Dave isn’t sure it makes a big enough dent in the debt to make it worth selling the Jeep and suggests an extra job instead.

Reginald in Atlanta is part of a class action lawsuit for financial aid debt against a college. The debt has hit his credit report and is affecting his credit. How does he handle this? Dave advises Reginald to consult an attorney.

Dave reads comments from listeners.

Stewart in Phoenix is making just under $70,000 a year and is single with no kids. He has a $1,400 debt on a car and $8,000 in credit card debt. He purchased a condo three and a half years ago on a 100% lan. He’s underwater on his condo, and his parents want him to dump it. What should he do? Dave doesn’t think now is the time to sell.

Wendy in San Antonio is debt-free except for her house. Her husband has been accused of having an affair, and the woman is pregnant. How does she financially protect herself in this situation? Her husband is denying the affair. Dave gives Wendy some gentle advice.

Sharon in Pensacola is a single parent with two children, and her daughter approached her about a private Christian school. Sharon agreed to send her. Now, she’s having trouble paying for it even with a second job. The school is $8,000 a year, and Sharon is making $28,000 a year and has run up debt. Dave tells Sharon this is insanity.

Dave announces the winner of the EntreLeadership contest, Les Cowen.

Daniel in Lincoln has three more semesters in school and $25,000 in student loan debt. He’s also receiving the G.I. Bill and $1,000 a month in living expenses. He isn’t adding to the debt now. Should he take out some more loans to finish school next year? Dave says no.

Kyle in Fort Worth is part of a family with a limited partnership estate. His wife thinks Kyle should be receiving the larger portion of the distribution of money. Kyle has tried to explain that it doesn’t work that way. Dave tells Kyle they don’t have any control over it and can give up control of their shares if she doesn’t like it.

Laurie in Virginia has parents who are both on disability. They’ve come to Laurie for some support. Laurie and her husband receive income through investments and are trying to take over the family farm. How do they handle this? Dave can’t understand why this is an issue when Laurie and her husband are worth $1.2 million.

Chris in Arkansas has been married for 20 years. They’ve been in debt as long as he can remember, and he wants some advice how to stop this cycle. He makes $39,000 a year, and his wife works occasionally, and they have two kids. Dave tells Chris it’s time for them to have a discussion.

Dave in Phoenix and his wife are completely debt-free except for a new car they bought last year and could pay it off at any time. They want to buy a home in Phoenix but wonder if it’s wise to invest in one. Dave thinks if they can’t pay cash, they can’t afford the home.

George in Atlanta has a credit card with $19,000 on it. He called the company and told them he could only pay $150 a month until he gets back on his feet. They offered to put him on a plan for a year at 0% iterest and want to draft his checking account. What does Dave say?

Tim in El Paso has a sister-in-law who asked Tim and his wife to co-sign a loan for his sister-in-law’s flower shop. They did, and they’ve ended up paying about $6,000 on the loan over the years when she couldn’t pay. She still owes $48,000. Should Tim just pay it off and have her pay Tim and his wife? Dave says she’s not going to pay.

Scott on Twitter asks if Dave is a fan of warranties on cars and products. Dave tells Scott he never buys warranties.

Dave reads comments from listeners.