A College Student Shouldn't Be Doing Either Of These Things
The Ramsey Show Highlights
Ramsey Network
4.5 • 839 Ratings
🗓️ 28 December 2025
⏱️ 9 minutes
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| 0:00.0 | Brought to you by CHO, a budget-friendly faith-based alternative to health insurance. |
| 0:07.7 | CH Ministries.org slash budget. |
| 0:10.3 | I've got a good news, bad news scenario. I have a 21-year-old son who's a college junior, |
| 0:16.0 | and the good news is he's started to invest for the long term about six, nine months ago, start putting a |
| 0:22.9 | little bit aside, has a portfolio, diversified the long-term portfolio. That's the good news. |
| 0:28.7 | The bad news is he is also actively engaged in sports gambling, like so many of his friends, |
| 0:35.4 | maybe all of his 21-year-old college friends have sports gambling |
| 0:39.6 | apps and they take that frequently, definitely every week, sometimes every day. |
| 0:46.1 | And my point with him is that if you're going to be involved in that kind of a risky, speculative |
| 0:52.4 | gambling, you know, app thing every day, that instead |
| 0:58.6 | take that energy and apply it to learn more about short-term trading, like futures and options. |
| 1:04.3 | I trade futures. |
| 1:05.2 | I trade options. |
| 1:06.6 | It's a skill. |
| 1:08.0 | It's an art. |
| 1:08.6 | It's something that's always challenging. |
| 1:11.0 | But I've learned more about finance and probabilities as a result of it, not always a winner. |
| 1:15.9 | But my point to him is gambling on sports is gambling by every definition. |
| 1:21.1 | It's good that you have a long-term portfolio, but as long as you're going to be, you're open to the risk of loss that you should be applying |
| 1:29.0 | it to financial instruments and learning more about them instead of sports gambling. |
| 1:33.6 | And the reason I can't communicate that is that the current conventional wisdom everywhere, |
| 1:40.7 | like he's been reading Scott Galloway's book about long-term investing is that you just buy things |
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