Brother behaving badly

Question: Philip's brother has a wife and two kids. He makes $40,000 and has $125,000 in credit card debt. He invested in some penny stocks that went down and Philip wants to help him with money. What should he do?

Dave Ramsey's advice: This is ridiculous! A guy who's making $40,000 is spending $90,000! This guy's still playing the stock market on top of that. He tried to get rich quick and got his head taken off. He needs to sell the stock, and then maybe you could help him.

He's going to get on a budget and go through Financial Peace University. If you want to match him for every dollar he manages well, that's fine. But he's got dramatic change coming.

• Listen to Dave