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Ask Dave

Business or personal?

Tony and his wife are on Baby Step 2 of Dave's plan. Tony started a part-time business last year with a friend, and the business has about $6,000 in debt, which Tony signed for. He asks Dave how that plays into his family's plans to pay off debt. Listen to the conversation, as Dave works through what Tony is up against and explains there's really no difference between business debt and personal debt here.