Dave Ramsey urges callers not to join Grandma’s plan to deceive $1 million in debt to the IRS

Sarah and her husband rent a place Los Angeles And expect their first child. But she called Ramsey Show For tricky situations including her stepmother, homeownership and IRS – what caught the host Dave Ramsey You’ll be caught by surprise.

why? This caller situation includes $1 million in debt, which could deceive the IRS.

“Sara, there’s more going on than you’re talking about or you don’t know,” Ramsey said. clip Posted on July 12th.

Here’s what was revealed during the exchange:

Sarah’s stepmother currently lives in a rental home with the couple. However, Sarah says her step-grandmother offered to buy a house in her step-mother and husband’s name.

“She has a lot of unpaid debt, so Grandma is trying to take care of her by providing her with a home,” Sarah said.

Her mother-in-law, 55, divorce He lost his job in September after a corporate restructuring. Now she’s making Doordash Delivery to bring in extra cash.

She is also clearly in debt of $1 million.

When Ramsey asked why her stepmother was in debt almost $1 million, Sarah replied, “I don’t ask.”

Sarah says she worships her stepmother, but she says that this setup is a wise decision and, if so, wants to know what she needs “on paper.”

Read more: Do you want an extra $1,300,000 when you retire? Dave Ramsey says This seven-stage plan “work every time” to kill debt and become rich in America. – And it can do that

Ramsey clearly replied: “I don’t do this.”

In doing so, he says, “You are connecting yourself with people who don’t ask yourself forever, and you are stealing your reasons for going back to her own feet. This is not good. It’s not healthy.”

He said Sarah’s stepmother needs to end the marriage and recover from the sadness that comes from the experience of “what is known as life – not hiding in her son’s house from reality.”