Quick Read Dave Ramsey advised a caller earning $180,000 to split a $3,000 after-tax bonus between emergency fund savings and HELOC debt. The caller’s $40K HELOC balance costs approximately $2,600-$3,400 annually at current 6.5-8.5% interest rates. Ramsey recommended using a delayed honeymoon as motivation to aggressively eliminate the HELOC within roughly 10 months. Investors rethink 'hands off' investing and decide to start making real money When a $7,300 bonus lands in your account, the choice ...

"If you have credit card debt, you have to get rid of it," said Jay Zigmont , a certified financial planner and founder of Child-Free Trust, an estate planning firm that works exclusively with child-free clients. "You will not beat paying off credit card debt in interest, or investing in the market."Financial advisors all agree on one thing: Credit card debt is the single biggest wealth killer. The average annual percentage rate (APR) on credit cards was 21.39% as of August 2025 , according to the latest Fe ...