A wife expresses concern over her husband’s risky financial decisions on “The Ramsey Show.” A $6 million balance on a problematic apartment complex drains their finances, leading to reliance on credit cards. The husband wants a larger loan to cover expenses, while the wife worries about aggressive financial moves.

The wife owns three properties, with one apartment complex causing persistent issues. Selling the property has proven difficult, as complexes of that size can take over a year to sell. This delays the decision to exit the deal, leading to ongoing funding for repairs rather than a solution.

Financial expert Dave Ramsey advises against borrowing more money for personal debt to support a property worth less than the balance owed. He stresses the importance of understanding the risks associated with loans, cautioning against assuming a loan is non-recourse when it may be personally guaranteed.

Read more at Yahoo Finance: ‘I’m Not Riding With Your Butt,’ Dave Ramsey Tells Caller As Her Husband Pushes A $6M Apartment Deal That Has Been A ‘Curse’