Markets· August 16, 2026 at 06:41 p.m.
19-Year-Old Pressure Washer Struggles with Debt Despite High Income
Key takeaways
- 19-year-old pressure washer earns $10,000-$11,000/month but has $58,000 in debt
- Caller's truck is a major obstacle with a salvage title and $16,500 value
- Dave Ramsey advises setting aside 25% of net profit for taxes and using a zero-based budget
A 19-year-old pressure washer, earning between $10,000 and $11,000 a month, is struggling with $58,000 in debt due to mixing business revenue with personal spending. Dave Ramsey, a financial expert, advised the caller to set aside approximately 25% of net profit for taxes and budget only the remaining $6,000 as a personal salary using a zero-based budget.
