Guided by Biblical principle

Question: John purchased a house that he could not afford. He realizes he made a bad decision, but was able to sell the house using a short sale. Now he and his wife are $20,000 in debt and only make $47,000. He needs Dave's wisdom on how to change his family. Dave walks John through 5 Biblical and financial principals.

Dave Ramsey's advice: If you do these 5 things, you'll be all right. First, get out of debt, because you have money when you don't have payments. Second, you have to have a written game plan for your money; a budget. Third is to save money, because wise people save money. Fourth, you must live on less than you make. If you spend everything you make, then you are Biblically and financially a fool. Finally, make sure to give.

If you do those 5 things, you will prosper. Those principles are not just for old times, either. We didn't talk about mutual funds, but that falls under those basic principles of saving money. That is being guided by principle toward mechanical application in the marketplace.

• Hear the call!