Dave Ramsey

So it would allow us basically to clear the debt and restart, but our hesitation is with just our kids.

Where did all this debt come from?

So my husband was the primary breadwinner.

I was home with our kids, and he got into day trading.

And I am guilty of burying my head in the sand and not getting involved in our finances.

So he made quite a bit, lost it just as quick, and then turned to credit cards and then didn't pay taxes on the capital gains he made with the trading before losing it all.

Okay.

There's not capital gains on day trading.

There's ordinary income on day trading.

And there's also a loss you can take if you've lost money against that.

Okay.

Do you really think you have the whole story?

So I'm not entirely financially literate.

This is something that I'm trying to get more involved in just in the last couple of years.

When did all this happen?

This happened about, well, I think it was happening for quite some time, but again, I kind of was bearing my head in his hand, and he just came to me three years ago.

We had a major health crisis, and he said, you know, I've got to come clean.

We owe quite a bit of money.

I cleared out our 401K.

I cleared out all of our savings.