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The Ramsey Show Highlights

My Boyfriend Wants Me to Drain My 401(k) for Crypto

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 14 July 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.0

My question is brief. I'm trying to figure out whether the person I'm dating is actually a scam artist or not with crypto.

0:14.0

So, backstory, we started talking about a month ago, and he has way more money than I do.

0:22.0

I'm on baby step three, so I'm trying to save up for my six-month emergency fund,

0:26.0

but he's trying to get me to catch out my 401K to, I guess, fund crypto because he said he has

0:34.2

this, I guess, plan that he's been working for about three years and he said it

0:40.8

has a 90% like money back like and what does it what does that sound like to you what

0:46.4

do you mean you're calling us what are you thinking um it sounds pretty sketchy

0:51.2

um but when i've tried to talk to him about it, it's, sorry, he keeps throwing it back.

0:58.6

Like if I'm making a wrong decision and it's really sheds me out.

1:04.2

And I've tried talking to him about it, but he just keeps coming back with,

1:09.6

but I'm not making good financial choices.

1:12.5

He's trying to, it sounds like he's really manipulating you here.

1:17.0

Yeah.

1:17.7

I mean, all this emotion.

1:19.4

Listen to this emotion.

1:21.0

I think you've got good instincts.

1:22.8

You want to know what I think, Shelby, I think when something doesn't feel right, it's not right.

1:29.4

Like, I think when you get that feeling into your stomach.

1:32.0

You know what? You know what? Smells bad? Because it stinks.

1:35.8

Yeah.

1:36.6

And it was enough to make you call. It was enough to make you call a radio show.

...

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