A Heartbroken Wife Says Her Husband Hid A $200,000 Loan That He Lost In A Crypto Scam. Dave Ramsey Asks, 'Where Did You Bury Him?'

A devastated woman from San Francisco called into “The Ramsey Show” saying that conscionable months aft paying disconnected $80,000 successful indebtedness and yet feeling financially stable, her family's advancement wholly unraveled.

The communicative near idiosyncratic concern experts Dave Ramsey and Jade Warshaw stunned. The reason: her hubby secretly took retired astir $200,000 successful high-interest idiosyncratic loans and poured the wealth into cryptocurrency investments that yet vanished successful what appears to beryllium a scam.

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Ana said that she and her hubby had followed Ramsey's indebtedness program since 2022. By May 2024, they had paid disconnected astir $80,000 and were near with lone their mortgage.

Then her hubby started talking to friends astir cryptocurrency. He began investing tiny amounts and saw aboriginal gains. That occurrence gave him the assurance to marque a overmuch bigger move, but without telling his wife.

“He took a large indebtedness of $200,000,” Ana said. “I was successful full panic erstwhile helium told maine that.”

The wealth went into assorted crypto assets, including XRP and Trump coins, done a level called Pionex. On apical of that, helium invested $50,000 that belonged to his mother. Ana learned what happened lone aft the wealth was already gone.

“So helium got scammed?” Ramsey asked.

“Yes,” Ana replied. “He mislaid everything.”

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The mates present owes adjacent to $200,000 they nary longer have. Their monthly payments full astir $5,000, with involvement rates astir 23%. Their household income is astir $10,000 per month. Their location is worthy astir $700,000, with $400,000 inactive owed.

Ramsey laughed retired loud. He asked, “So wherever did you hide him?” a absorption to the standard of the deception that captured the temper of disbelief. He besides added that the precocious involvement rates aren’t their existent problem, “stupidity is.”

Beyond the fiscal damage, the affectional fallout was clear. Ana said her hubby blamed the nonaccomplishment connected divine punishment for going down her back. Ramsey instantly unopen that down. “No, God did not bash this,” helium said. “Don't blasted God erstwhile you're stupid.”

Ramsey said that failing to afloat ain the mistake would effect successful the aforesaid behaviour repeating later. “If you blasted it connected God, past what are you going to blasted it connected adjacent time? The devil?” helium told Ana.