"Chicago Man Faces Over $1 Million Debt After Attempting Private Lending: Reactions from 'Ramsey Show' Hosts"

Caller’s Financial Situation: A caller named Robert revealed to the hosts of "The Ramsey Show" that he and his wife are over $1 million in debt, primarily due to personal loans he made to others, which have not been repaid. His financial struggles are compounded by a significant mortgage and other loans, making it difficult for them to manage their debt despite a combined income of $10,000 per month.

Advice from Hosts: The hosts advised Robert to make drastic lifestyle changes, including selling their house and car, upgrading his wife's job to full-time, and exploring side hustles to increase income. They emphasized the importance of financial coaching and budgeting tools to help them pay down their debt effectively.