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The Ramsey Show Highlights

Dave Ramsey Responds to the Stock Market Dropping

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 8 April 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.6

Did you notice, Jade, that the news people are melting down?

0:12.2

Oh, they're puddles.

0:14.7

Did you notice that the internet is ablaze that we're all going to die because we've had three or four consecutive days of the stock market

0:21.7

going down. Yes, Dave, I've noticed. I'm real. I think Chicken Little is alive and well. The sky is

0:28.3

falling. The sky is falling. The sky is falling. The sky is falling. The market's down.

0:34.2

Well, over the last two years, it's still net up 80%. Let's not forget that.

0:38.8

So here's the rule, boys and girls.

0:41.0

If you're going to be an investor, the definition of investor is you are thinking long term.

0:47.7

If you're going to be a day trader, we can look stupid up in the dictionary and find your picture.

0:52.9

Because 82% of day traders lose money.

0:56.5

So stupid is what that is.

0:58.7

But we don't do day trading here.

1:00.2

We do investing.

1:01.0

We have a long-term mentality.

1:05.0

So if you have a long-term mentality and the stock market goes down, those of us that have

1:10.0

been investing in the market

1:11.4

steadily for 30 or 40 years, not 30 or 40 minutes, we smile when it goes down and buy more.

1:21.2

It's on sale. When I was a little kid, there was a company called Kmart.

1:26.9

Oh yeah, I remember Kmart.

1:28.3

Go shopping at Kmart.

...

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