Kate has received several phone calls and voicemail messages from creditors who are looking for her mom. She's not sure how to handle things. It's becoming a nuisance, and her mom just shrugs it off and tells her not to worry about anything. Listen as Dave gives her a few pointers for handling creditors who cross the line and the situation with her mom.
Tyler and his wife have the cash to pay for an entertainment center, but the manager has offered them a 10 percent discount if they get a store credit card. Dave warns them to stay away from this kind of stuff.
Dan is in grad school. He and his wife have a good income and little debt. He asks Dave if cash flowing school from here on out is a good plan. Dave loves the idea, and he gives Dan a few pointers for making things work.
Jeremy calls in to tell a story of how he recently sat through a timeshare pitch given by Dave's personal financial advisor. On top of that, the "advisor" said he sold Dave three timeshares in the past. Dave gets a good laugh out of this one, sets the record straight, and in the process makes his feelings about timeshares perfectly clear.
Stephen asks if it would be a good idea to take out a loan against a 401(k) to pay off credit card debt. Dave advises against this, and during the conversation he learns that credit card debt isn't the real problem.
Paul calls in from Orlando, FL, where he and his wife are in a mess. They're both in their 70s with serious health issues. In addition, they have almost $30,000 in debt to finance companies and are considering bankruptcy. Dave walks Paul through the details of their financial situation in a loving manner and, in the process, offers encouragement and understanding. Listen to Dave at his best.
Neal has lots of money saved for several different reasons. The problem is that he also has a lot of debt. While he has done a good job of saving, Dave walks him through his philosophy, the Baby Steps and explains what he would do in Neal's situation.
Justin is in the military. He and his wife are debt-free, but they're thinking about taking out a loan he says the Army will repay. Dave warns him not to do it.
Adam is going through a divorce that's about to be finalized. He has been following Dave's plan, and was working on his debt snowball. Adam asks if it's okay to pause work on the debt snowball while getting back on his feet financially. Dave and his daughter, Rachel Cruze, both say yes.
Bill had a judgment filed against him for an old, unpaid medical bill. He asks Dave if he can negotiate the debt, which is now $700 more than the original amount. Dave tells him it's possible, if he doesn't have $3,200, and explains the ins and outs of dealing with collectors.