Ramsey News & Analysis

Keegan Reduces Debt to $43,000 After $23,000 Asset Sales

Keegan sold a car for $13,000 and bicycles for $10,000, reducing his debt from $70,000 to $43,000, which included $40,000 in credit card debt and $30,000 in student loans. Following the sales, he paid off $8,500 in credit card debt. He currently earns $3,500 a month in marketing. Financial expert Dave Ramsey cautioned against borrowing from friends, emphasizing the potential negative impact on personal relationships.