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A 52-year-old man has $12,000 in credit card debt and earns $200,000 per year. Here's how to get out of debt

Benzinga
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55% Informative

A 52-year-old man recently called into " The Ramsey Show " to discuss the $ 12,000 in credit card debt that he has accumulated on 27 credit cards.

Host Dave Ramsey specializes in helping people get out of debt, and he told the caller to take drastic action.

Ramsey explained that the caller should cut up his credit cards and write a detailed budget.

Having nothing in your bank accounts or investments makes you more vulnerable when you retire.

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