{
  "id": 2586811,
  "title": "‘I’m really disgusted’: Ohio pair worth $40M want a lake house HELOC — Dave Ramsey says to change their advisor instead",
  "url": "https://urgent.news/2026/08/22/im-really-disgusted-ohio-pair-worth-40m-want-a-lake-house-heloc-dave",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T11:10:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/small-business/articles/m-really-disgusted-ohio-pair-111000109.html"
  },
  "original_language": "en",
  "account": "Ashley, a resident of Columbus, Ohio, called into The Ramsey Show, voicing her discontent with her financial advisor. She and her husband, who have a net worth of $40 million, were considering taking out a home equity line of credit (HELOC) on their vacation home to supplement their income. However, renowned financial expert Dave Ramsey emphatically advised against this course of action, stating, \"I'm really disgusted at how pitiful your financial advisor is. This is just asinine.\" Ramsey explained that the couple's financial predicament extends beyond their simple desire for additional income. Approximately $30 million of their net worth is invested in a business where Ashley's husband holds a position but lacks control over share redemptions due to restrictive board policies. This limits their access to funds. Despite this, Ramsey pointed out that $10 million remains available, along with $4 million in retirement savings. Nevertheless, their annual income of $400,000 proved insufficient to sustain their lavish lifestyle, which includes maintaining two homes, employing house staff, and owning chartered yachts and private jets. Additionally, alimony payments to an ex-wife further strained their finances, with annual expenditures reaching $1.5 million. Ramsey emphasized the importance of living within one's means, regardless of income level. He advised the couple to cut their lifestyle drastically and learn to manage their finances more effectively. Alternatively, Ramsey suggested exploring other investment opportunities, such as commercial real estate, which offers tax benefits and passive income. He also recommended divesting from Ashley's husband's business to free up equity for other investment options. The couple was advised to work with a new financial advisor to navigate their complex financial situation and make informed decisions.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}