Making six figures and broke

Question: Shannon's husband recently revealed that he wants to go back to school. They are $200,000 in debt. Is this a smart idea? Her husband thinks so, but Dave tells Shannon why he is wrong.

Dave Ramsey's advice: I don't think this is wise. With that much debt and being a dentist, he needs to clean up his debt. Period. And he needs to listen to you, too. You guys have to live on nothing and clean up the mess. If he wants to save up and pay cash for his schooling after that, we can talk. But otherwise, he's wrong. No, no, no. You have a right to feel unstable here, because you have a husband who is offering up bad ideas. You guys make six figures, have kids and you're BROKE! Do not do this!

• Hear the call!