"Why Did It Take Losing $100,000 To Figure Out This Was A Stupid Idea?"

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 840 Ratings

🗓️ 10 September 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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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.
0:06.8	So, Colin, essentially because I quickly accumulated quite a bit of debt in about three months.
0:16.3	And at the same time, from gambling.
0:19.7	Oh.
0:20.8	Have you stopped? Gambling? I have stopped. Gambling from gambling. Oh. Have you stopped?
0:22.2	Gambling?
0:22.7	I have stopped.
0:23.8	Gambling?
0:24.3	Yes.
0:25.3	What were you betting on?
0:28.7	Online crypto casinos, like blackjack for the most part.
0:32.6	Yeah.
0:33.4	And how much debt did you build up?
0:36.5	Built up close to 40, 37.
0:39.5	$37,000 in three months from gambling.
0:42.6	Okay?
0:43.3	Right.
0:43.7	On credit cards?
0:44.4	Total losses were about triple that.
0:46.7	But yes, all credit cards, yeah.
0:48.6	Okay.
	...

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