Don’t Let This Stupid Trend Affect Your Investing

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 20 December 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is sponsored by SmartVester. Connect with an investing pro for free at ramsysolutions.com
0:10.6	slash invest.
0:14.6	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building
0:19.7	wealth, and outrageous generosity.
0:22.7	So here's a trend out. And if you've listened to my show, Rachel, over the last
0:29.6	couple of years, I've taken more and more calls about people struggling with gambling.
0:34.3	More gambling and more gambling. And now as sports betting as as municipalities and cities and
0:40.6	states have been wanting to get in on the gambling action more and more places are legalizing
0:46.6	sports betting especially on their phones and check this out dude this is a an article here
0:54.1	just says Americans spend more money
0:56.4	betting on sports than investing in stocks. Recent data reveals that since sports betting has become
1:02.7	legalized in much of the U.S. households are diverting their income to gambling rather than
1:08.4	investing in the stock market.
1:18.8	Net investments have dropped 14% as in 2023 alone,
1:25.3	the American sports betting industry hit a record-breaking $10.9 billion in revenue.
1:27.5	So this is wildcats, dude. As a woman, a girl, I don't know. billion dollars in revenue. So, can I say this?
1:28.7	Wildcats, dude.
1:29.6	As a woman, a girl, I don't know.
1:31.6	As a woman.
1:32.6	I don't understand it.
1:34.5	Now, go into Vegas, and I've admitted it on the show,
1:38.0	and rolling some dice and playing some craps is so fun.
	...

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