U.S. — The Fox Network announced on Monday that financial guru Dave Ramsey would be the host of a revamped Temptation Island, which will follow several young couples as they are enticed by payday loans and high-interest credit cards.
A synopsis from the network revealed that representatives from credit card companies, car dealerships, and real estate companies would take turns attempting to seduce each young couple on the island into living above their means with increasingly tantalizing credit offers.
“I’m sorry, Mr. and Mrs. Wingate, but you just took on a new car payment at 4.9% APR when you could have easily paid cash for a used car and put the differential in a money market fund paying 3.6%,” said Ramsey in a teaser for the show. “Pack your bags — your time on the island is over. How did you get suckered in by the promise of free oil changes? Do you have any idea how cheap those are compared to the interest they’re getting from you? So stupid.”
According to producers, Ramsey will reveal which couple has been kicked off the island at the end of each episode by handing them an empty envelope. “It’s a powerful reminder that although they just made an idiotic money decision, it’s never too late,” said showrunner Adam Grady. “All of the losers will receive free enrollment in Financial Peace University and a copy of Dave’s Total Money Makeover. It’s going to be a great journey.”
At publishing time, producers had confirmed that the grand prize for the winning couple would be $100,000 invested in a broad mutual fund that cannot be touched until age 65.
California transplants Steve and Timpani try to be the perfect Texas hosts for Brittuni’s visit, but Steve quickly realizes he needs a sensible vehicle now that he’s about to become a dad.
