My Friend Lost $600,000 of My Money Day Trading
The Ramsey Show Highlights
Ramsey Network
4.5 • 839 Ratings
🗓️ 5 March 2024
⏱️ 10 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.6 | What's going on, Jeannie? |
| 0:08.8 | Hi, John. Hi, Jade. I have a very, very, very big, big problem. I lost my, I'm 58-year-old single, |
| 0:17.3 | mom of three grown boys. I lost, I had a trusted friend watching my money and we lost it all, |
| 0:26.2 | $400,000 in a brokerage firm and he went into my retirement fund. So it's over $600,000 that I lost. |
| 0:33.1 | Oh, no. Obviously, I'm devastated. But thank you, Dr. John, that I've been listening to you for a long time. |
| 0:41.2 | So I've been trying my best. |
| 0:42.4 | I'm in like trauma therapy and I'm a nurse. |
| 0:46.2 | I make around $80,000 a year. |
| 0:48.8 | I took a second job and I'm bringing in an extra $4,000 a month. |
| 0:58.0 | I own a home that I have $400,000 in equity, |
| 1:01.7 | and I'm just not sure what the next step is for investing. |
| 1:04.3 | I could sell the house, should I sell the house? |
| 1:07.9 | Because I always led my life correctly, no credit card debt. |
| 1:09.6 | I paid for my children's college. |
| 1:12.2 | And now this is where I'm stuck. |
| 1:13.5 | All right. Go ahead. |
| 1:18.3 | Jeannie, I hate this for you. |
| 1:21.7 | You trusted a close friend, huh? |
| 1:22.9 | Yes. |
| 1:24.2 | Was that friend? |
| 1:29.5 | Like, so one of my college roommates is my smart investor pro. |
... |
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