Quick Read
-
Dave Ramsey warned Philip that bankruptcy clears the $30,000 balance but leaves gambling behavior intact, making a repeat financial collapse near certain.
-
Filing without stopping the habit means rebuilding debt within 12 to 18 months at up to 600% APR, with no Chapter 7 option for 8 years.
-
Ramsey prescribed joining Gamblers Anonymous and blocking access first, then consulting a nonprofit credit counselor before ever considering bankruptcy.
-
Many financial professionals are salespeople paid on what they push, not whether you end up wealthier. A fiduciary is the opposite. The SEC legally requires them to put your interests first. Advisor.com’s free matching tool pairs you with vetted fiduciaries from firms like…