Corey, a truck driver from Cleveland, sought advice from Dave Ramsey on “The Ramsey Show” due to his financial crisis amid a divorce. He disclosed $35,000 credit card debt and being asked to shoulder half of his estranged wife’s $30,000 debt, in addition to losing income from their shared trucking job.

Ramsey advised Corey to sell his truck immediately to alleviate his mounting debt, even if it meant taking out a small loan or finding a private buyer. He emphasized the need to prioritize financial stability over material possessions, suggesting a more affordable vehicle option.

The plan laid out for Corey by Ramsey involved forcing the sale of the house, trading part of the home equity to offset the loss of half the 401(k), and walking away with only his $35,000 credit card debt. Ramsey cautioned against letting his ex-wife keep the house to avoid potential financial repercussions.

Ramsey concluded the call with empathy, acknowledging Corey’s emotional turmoil amid the divorce. He urged Corey to make sound financial decisions to secure his future and avoid further financial strain. Ramsey’s practical advice aimed to guide Corey towards financial stability and independence post-divorce. 1. The stock market reached a new high today, with the S&P 500 closing at a record level of 4,500. Investors are optimistic about economic growth and corporate profits, driving the market rally.

2. The FDA has approved a new drug for the treatment of Alzheimer’s disease, offering hope to millions of patients and their families. The drug, Aduhelm, has shown promising results in clinical trials.

3. Tropical Storm Elsa is expected to make landfall on the East Coast this weekend, bringing heavy rain and strong winds. Residents are urged to take precautions and prepare for potential flooding and power outages.

4. The Tokyo Olympics are set to begin next week amid concerns about COVID-19. Athletes and officials will be subject to strict safety protocols, including daily testing and limited contact with the public.

5. The labor market continues to recover, with unemployment dropping to 5.9% in June. Job growth is strong in sectors like hospitality and retail, but challenges remain in filling open positions in other industries.

Read more at finance.yahoo.com: He Focused On His 401(k) While She Spent Her Paychecks. Now She’s Asking For Half And Dave Ramsey Says, ‘I’ve Been There, It’s No Fun’