31-Year-Old Philly Police Officer Is $451,000 in Debt and Brings Home Just $40K — Dave Ramsey Warns 'You're Heading Straight at the Wall'

Most people think becoming a police officer comes with a steady paycheck, maybe a pension, and the kind of stability that helps build a future. But one 31-year-old cop from Philadelphia says he's barely treading water — buried under $451,000 in debt and living on just $40,000 a year after deductions. "I bring in $70,000 a year, but after pension and everything else is taken out, it's more like $40,000," Mike told "The Ramsey Show." His debt load includes $252,000 in student loans and $185,000 fr