Debt

Personal vs. business

Anne from Dayton, Ohio, asks Dave if he views personal debt and business debt the same way. Dave explains that the only real difference between the two is in your mind.

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Sell as-is

Kim and her husband are relocating. They wonder if they should take on debt in order to fix up the house they're selling. Dave has a short and simple answer.

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Don't do it!

Jeremy and his wife are recent graduates, and they have $300,000 in student loan debt. They want to buy a rental property, with ideas of the income helping to pay off their debt, but Dave leaves no doubt he thinks this is a bad idea.

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A dangerous situation

Kate recently took out a HELOC, with no first mortgage, and now she wants to roll other debt into the loan. Dave explains why this is a bad idea, and gives her a better, safer solution.

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