Adriana in Los Angeles is 76 and has $30,000 in credit card debts. She also has a $17,000 home equity line of credit with 3.5 years left on it. She doesn’t have enough money to pay these bills and is in collections. She makes about $28,000 a year. What would Dave do?

Matt on Twitter wants to know at what net worth he should consider umbrella insurance. Dave explains.

Robin in California has been a truck driver for several years and has an LLC. He wants to start his own company but doesn’t have the cash to purchase a tractor and trailer. He has $20,000 saved. Dave talks through some ideas with Robin to get this business started.

Jason in Texas says his wife just graduated from college with $28,000 in student loans. What’s the best way to tackle these loans?

Joey and Rae Marie in Financial Peace Plaza are debt-free! They paid off $40,000 in 32 months making $91,000 a year up to $100,000 a year. Joey is a CPA, and Rae Marie is a social worker in a school. Most of the debt came from student loans. The hardest sacrifice was giving up restaurants while they worked their way out of debt.

Michael in New York lives with his disabled father. Michael owns a business and has no debt. He has about $300,000 total. His dad owes $475,000 on his house, but it’s only worth about $200,000. What should he do to help his father out of this mess?

Joe in North Carolina found out a collection agency put a lien on his credit report. It was a leftover fee from an apartment he lived in, so he called the collection agency and was told he has to pay them instead of the apartment complex. Is that legit?

Nick in Seattle and his wife would like to start the Baby Steps but don’t know where to start. They have about $18,000 in debt and tired of living paycheck to paycheck. Dave explains how to get started.

Alex in Tucson is calling because his mother-in-law just asked he and his wife to take over a life insurance policy she’s had on his wife since she was born. They don’t want the insurance. Dave thinks they should just cash it out.

Therese and Wayne in Oregon are debt-free! They paid off $157,000 making $97,000 a year in three years. They paid off their house! They’ve passed this legacy on to their two sons already.

Shane in Detroit is 42 and drowning in debt. His house is worth about $150,000, and he owes $72,000 on it. He’s considering bankruptcy due to some consumer debts. Is Shane bankrupt?

Dave talks about the need to understand where and why you’re investing money in a particular investment.

Judy in Denver and her husband are 58 and retired. They’re considering long-term care insurance since Dave recommends getting it at 60 years old. Their financial planner recommended against it. They have about a $1.8 million nest egg. Dave talks through the risk with Judy.

Matt in Oklahoma City and his wife have about $63,000 in the bank, and they owe $47,000 on their house. Matt is considering paying off the house early, but he’s concerned about Murphy moving in once he does. They make $100,000 a year, and the home is worth about $250,000. Dave advises matt to pay off the house today.

Susan in Maryland is a single mom and gets $36,000 a year in alimony, which doesn’t include child support. She’ll get the last payment for that in May 2015. She maxes out her retirement contribution with an employer match. She makes $92,700 a year. Should she be investing more before the alimony ends?

Tara in Florida is 23 and a single mom who just graduated with a two-year degree. She needs to put her child into preschool but can’t afford it. Should she get a part-time job or get a student loan to pay for preschool?

Dave reads comments from listeners.

Joseph and Shelly in Financial Peace Plaza are debt-free! They traveled to Nashville from Texas to celebrate after paying off $200,000 in 4.5 years making $160,000 a year down to $40,000 a year back up to $120,000 a year. It took a while to get Shelly on board with the plan before they could begin digging their way out of this mess.

Brittany in Dallas is a full-time mom, and she and her husband are living off her husband’s income, which is about $20,000 a year. They’re taking Financial Peace University for the second time and are on Baby Step 1 again. They’re selling everything they can. How can they continue living on just her husband’s income?

Ashley in Muscle Shoals has $192,000 in student loans. She is getting a math education degree and will be a teacher. When she graduates, she and her husband will make about $105,000 a year. How do they begin to get out of this mess?