Don't Die Broke & Deeply In Debt

Merle and his wife started gambling in 2008, and his wife got addicted to gambling. She has $280,000 in credit card debt. Dave tells Merle he needs help for both of their addictions.

QUESTION: Merle in Oklahoma City and his wife started gambling in 2008, and his wife got addicted to gambling. They have separate finances, and all of her credit cards are maxed out. She has $280,000 in credit card debt. Merle paid his debt off and is trying to pay some of his wife’s. Dave tells Merle he needs help for both of their addictions.

ANSWER: I’ve only said a reverse mortgage is good for stupid people. I don’t think it’s a good plan at all. No, not at all.

So you guys have lost your home due to her gambling addiction, haven’t you? You’re going to end up having to sell it to pay her bills or they’re going to come get it, aren’t they? They’re not going to let $280,000 just go away with you sitting there on a $200,000 paid-for house.

You’re as addicted as she is, aren’t you? You guys have lost $280,000 and you still say it’s “so good”? That just came out of your mouth. You just said that out loud, Merle. Merle, you’re both going to die deeply in debt and broke if you don’t get some treatment—both of you—for your gambling addiction. You’re going to have to get some help. You need to call your local church or call your local Gamblers Anonymous.

I think you’re going to die broke and deeply in debt, and you’re going to have a lot of stress and pain between now and the time you die if you don’t stop this ridiculous behavior. You’re both complete addicts. When you say crap like you just said to me on national radio, it just makes my skin crawl. You’re ridiculous, and you need to get some help today.