You’re the Recipe of a Disaster

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 25 September 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's episode features Dave Ramsey & Rachel Cruze. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. Budget for free with EveryDollar: Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.2	This is in Richmond, Virginia.
0:07.8	Hi, Dennis.
0:08.3	How are you?
0:10.0	How are you?
0:11.4	So my name is Dennis.
0:12.7	I'm 20 years old.
0:14.3	And my question is, is it crazy that I'm asking my mom for a loan of $8,000?
0:21.6	Now, I know the question sounds crazy because it's not really a backstory, so can I give you a brief backstory to go with it?
0:29.6	Sure, sure.
0:30.6	Okay, so I've been investing for about two years now.
0:33.6	I started my freshman year in college, and I've been day trading for about a year
0:38.3	and a half.
0:39.7	One of my closest friend is an up-income head phone manager so I get a little bit of information
0:45.3	from him but I mainly in the investor.
0:48.8	About a year ago, a year and a half ago before I started really day trading. I was only, I referee.
0:55.8	That's my only job I have because I'm in college. So I might make $500 in a weekend. And I would
1:01.1	take probably about $300 out of that $500 and put it into Weebo to invest and then just keep the other
1:07.9	200 to live off. And I'll just keep doing that.
1:11.2	And at one point, I asked my mom for $3,000 because my father had just paid all of our child,
1:19.8	all of my child support at one time, myself, my year.
	...

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