Question: Marie makes $3,500 a month, with $3,300 of that going towards their debt, which is about $140,000. They owe $59,000 on their house, $60,000 on their cars and have several loans with different banks. Dave gives Marie a financial plan that makes them both breathe a lot easier.

Dave Ramsey's advice: What were you guys smoking when you did this? sell the stupid cars! Get some garage sale cars and get this mess cleaned up. Your car payments are outrageous ... they are killing you! We're going to turn $60,000 in debt into $7,000 by downgrading. Sell the cars, and whatever you come up short, borrow that difference from a local bank or credit union.

Pay cash for these beater cars. You won't drive them for the rest of your life, but you need to get some traction here. If you free up that $60,000 that up, you'll breathe better. Then you can get rid of the credit card debt and you'll be debt free except the house. At that point, you'll be rich when compared with now. Never own motorized vehicles that equal more than half your annual income.

• Hear the call!

Question: Donna's husband got his commission cut in half and it cut their income from $100,000 to $50,000. They just bought a car for $18,000 so now they are in debt. Donna argues they need a dependable car, but Dave thinks otherwise.

Dave Ramsey's advice: You're telling me the cheapest dependable car out there is $18,000? He's on the road all the time, destroying this car. Even if you had a million dollars in the bank, I would not suggest you destroy an $18,000 car. I suggest you destroy a $10,000 car. There are lots of $10,000 cars out there that are reliable enough to be on the road.

With the miles you are putting on this $18,000 car, you'll turn it into a $4,000 car in about 20 minutes. Sell this car, move down in car and put that on a car loan and pay it off as fast as you can.

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Question: Aubrey is driving and paying for a car that is not in her name with a 16% interest rate. They make $42,000 a year, with $2,000 in credit car debt. They want to build their credit and want the car payments in their name. Dave fusses, gives his advice and tells her to never do this again.

Dave Ramsey's advice: Why are we doing this deal ... undo this deal! I don't want to keep this car; it's a credit card with wheels. It's a horrible deal at 16%. You're not building your credit history by paying someone else's bill. The biggest thing is to get the stinking car in your name. Have a garage sale, work 3 jobs and pay this car off in 2 months, and then get the freaking title!

You are 20 years old and I don't want to fuss at you, but this is a really stupid deal that you're in. There are 9 million things that can go wrong here. If you can't pay the car off in 6 months and get the title, then you need to give the car back to them and tell them to sell it. Get in touch with the car owner and tell them to make plans to sign the title over to you. Then go to the credit union and get a loan to buy the car.

• Hear Dave talk about this credit card on wheels!