You Lost $1,000,000, Debbie!
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@StasTalksStocks 2 жыл бұрын
The lack of financial education in the US is nuts.
@robhaynes4695 2 жыл бұрын
Well said sir!
@hastycontemplation 2 жыл бұрын
Poor parenting
@katiejon17 2 жыл бұрын
It’s a choice. My financial education has been free - KZfaq 🤷♀️
@orphanedhanyou 2 жыл бұрын
Don't think so. People are told the truth every day but continually ignore it.
@angeluceta5688 2 жыл бұрын
@@orphanedhanyou not true.i was never taught by anyone growing up so I lost around 600k in my 20s,but now save and invest 5k a month
@rileym4794 2 жыл бұрын
The silence after “you lost a million dollars” is all you need to hear.
@theflightsimulationexperie6894 2 жыл бұрын
You can see Dave’s face and his eyes turn slightly to the left after that statement and in that moment I believe Dave felt very bad for that woman because it was a life changing decision.
@JustinCase780 2 жыл бұрын
How does one hear silence?
@LaCrux 2 жыл бұрын
@@JustinCase780 What did you hear when Dave paused in that moment?
@JustinCase780 2 жыл бұрын
@@LaCrux Should we all break into song with "The Sound of Silence"? 🤣🤣 And, watch The Graduate 🤣
@atdepaulis 2 жыл бұрын
😳
@joshuab1707 Жыл бұрын
My heart dropped for Debbie when he broke down the fact she lost $1 million, not $59k
@Matt-ny1ue 2 жыл бұрын
They are absolutely roasting paper hands Debbie and im here for it 😂😂
@davidhudson3001 2 жыл бұрын
@@ericalorraine7943 Look up Priscilla Dearmin-Turner, she's the real investment prodigy and has also handled my trades
@ayubamaikyau7298 2 жыл бұрын
Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.
@lezliewhicker8450 2 жыл бұрын
A news host spoke so highly of💕 Priscilla Dearmin-Turner and her loss prevention strategies
@dr.ervingalen1777 2 жыл бұрын
@@davidhudson3001I just lookup her name and found her webpage, thanks🙏
@investorwest8735 2 жыл бұрын
I heard she always have a way of linking someone investment into something new and profitable?
@JoseRivera-oo8hr 2 жыл бұрын
“Because we’re both in our mid 50’s” “Good lord” - Ramsy 😂😂
@Big-Government-Is-The-Problem 2 ай бұрын
yeah i dont get that, are they expecting to die at 60? most people live into their 80's unless they're both just incredibly obese or already have some other terrible conditions
@jameshayes3070 2 жыл бұрын
I’ve heard this before. “I lost all my retirement in 2008” But…. That’s impossible. You just took the money out and freaked out!
@crzyruskie86 2 жыл бұрын
It's only a loss if you have paper hands and you sell.
@Bibleguy89-uu3nr Жыл бұрын
Crazy how little people understand Simple investing.
@musiclover7004 2 жыл бұрын
I lost it when Dave said Little Debbies got a cake.
@baconator1550 2 жыл бұрын
Lol
@rustyb78 2 жыл бұрын
Thanks Dave! Little Debbie’s are made 10 minutes from my crib. Woot!
@Lilbit2215 2 жыл бұрын
🤣🤣🤣🤣🤣🤣🤣🤣
@bobbyb7672 2 жыл бұрын
😂😂😂
@fhuber7507 2 жыл бұрын
If you left your money in the mutual funds when they crashed, you'd be up, not down.
@dancalmpeaceful3903 2 жыл бұрын
I kept buying as it went down....all the way down....best decision I ever made. Every two weeks when I got my paycheck..I bought MORE shares...and of course was feeding my 401K along the way too. That decision paid off my son's college...completely.
@kbanghart 2 жыл бұрын
@@dancalmpeaceful3903 excellent! And what else is happening, are you helping others?
@dancalmpeaceful3903 2 жыл бұрын
@@kbanghart I give to my church and my Mother's church too. I also give to certain medical foundations for the research of a medical problem that I have.
@kbanghart 2 жыл бұрын
@@dancalmpeaceful3903 awesome
@jimhandler1129 2 жыл бұрын
My mutual fund dropped from $42 to $16 a share in 2008. Although I feared the worse, I continued to invest and never withdrew. It dropped again in 2020 from $82 a share to $64 again I was scared, but kept investing It reached $118 in January 2022 and dropped to $104 today...same strategy.
@joesmith9483 2 жыл бұрын
just keep investing.
@fuse911 2 жыл бұрын
What fund?
@jimhandler1129 2 жыл бұрын
@@fuse911 VTSAX
@BridgeStamford 2 жыл бұрын
Id be out of that fund like a shot
@cmontana5848 Жыл бұрын
How do you even have records of this lol
@edwardkowalski8125 2 жыл бұрын
And Debbie is driving off a bridge thanks Dave!! 😂😂😂
@untouchable360x 2 жыл бұрын
"Scared money is dead money."
@CroisMoi 2 жыл бұрын
The media scared people during that time. A lot of people did what she did. It’s good to have Dave to be a balance against mainstream media.
@happylife7542 2 жыл бұрын
The mainstream media is also telling folks to stay put. Don’t move your investment or don’t panic. Debbie ain’t listening lol.
@kbanghart 2 жыл бұрын
Does the mainstream media scare you?
@jimroscovius 2 жыл бұрын
@@kbanghart Mainstream media is always gloom & doom.
@kbanghart 2 жыл бұрын
@@jimroscovius not always. Also, what qualifies as "mainstream"?
@jimroscovius 2 жыл бұрын
@@kbanghart CNN, MSNBC, FOX, etc. Nothing but opinions and propaganda. I miss the days of Walter Cronkite when he just gave the news, with no spin and no opinion. Just the news. And he signed off with, "And that's the way it was" and gave the date. He told the truth, not lies and opinions. Mainstream media has an agenda.
@masonb.newkirk3266 2 жыл бұрын
This gets funnier every single time they say "Debbie".
@greyhigg7300 2 жыл бұрын
Maybe there is a reason he is the CFO and not Debbie......
@arga400 2 жыл бұрын
Lady be like "I know more about finances than the CFO!" Some folks can't be helped lol
@Sheryl777 2 жыл бұрын
I'm not blaming her for being afraid, but at the same time her fear is what she is paying attention to when making financial decisions.
@kokoskokso 2 жыл бұрын
Life goal: Don't be made an example for bad financial decisions by Dave Ramsey.
@hollyb6885 2 жыл бұрын
Words to live by, my friend. 😁
@kokoskokso 2 жыл бұрын
@@hollyb6885 💪💪🤣🤣🤣
@barnoluk9272 2 жыл бұрын
I’m afraid I don’t have the capacity to make that promise😂
@jpschlosser 2 жыл бұрын
Debbie will not take advice from her company's Chief FINANCIAL Officer... SMH...
@militaryhomes6292 2 жыл бұрын
Yeah it's hard to watch the money fall right now. I told my husband not to even look at our retirement. Just keep working the plan lol
@ellencox8415 2 жыл бұрын
My only thoughts right now is WOOOWHOOOOO MORE FOR LESS!
@Neddie2k 2 жыл бұрын
If you can’t watch your money go down just invest in real estate and don’t check house prices.
@mikimuzika 2 жыл бұрын
It’s not coming back up this time. The music is over
@jpschlosser 2 жыл бұрын
@@ellencox8415 Exactly: everything's on sale.
@jrwntctv8091 2 жыл бұрын
@@mikimuzika That's what they say every time. They said that in 2008 too...
@RGTFLA85 2 жыл бұрын
Debbie better be ready to retire in Arkansas or Mississippi instead of California with her strategy.
@McWrisk 2 жыл бұрын
Even if I had $1.2M I’d rather retire in the middle of the country anyway…
@pawelwisniewski6849 2 жыл бұрын
More like Mexico
@macforme 2 жыл бұрын
@@pawelwisniewski6849 you beat me to it. You can have a maid and a gardener, eat like Kings ( if you eat local food) ( A lot of Gringos buy imported Häagen-Das, etc at the Supermercado which is ridiculous... why move there if you are going to do that?) Anyway it costs *about* $1,500 a month. Medical, rent & utilities are cheaper... just be sure to *learn Spanish* or you WILL get taken advantage of. The only thing that is not cheap in Mexico are imports...makes sense. eh!
@pawelwisniewski6849 2 жыл бұрын
@@macforme All of this for $1,500 a month ? That’s awesome
@kbanghart 2 жыл бұрын
@@pawelwisniewski6849 exactly, so who cares if you buy an imported food LOL
@davel3616 2 жыл бұрын
Some things I’ve heard Warren Buffett say come to mind, that once you understand the basics, investing is not about intelligence, it’s about temperament. I feel sorry for Debbie and know other folks in a similar situation. Simply could not stomach the 2008 downturn. Not an overstatement to say it traumatized them.
@jewfroismymotto 2 жыл бұрын
I just found a whole new respect for Dave!
@Bob-yh7ir 2 жыл бұрын
OMG. I continued buying during the 2008 crash and now those investments are up 485% !!! During these downturns, I buy more. It's amazing that you can show people the math and they still refuse to believe or trust it. OK. be stupid.
@djpuplex 2 жыл бұрын
Buy high sell low.
@kaeserd Жыл бұрын
I remember coworkers panicking in 08 and withdrawing money. I tried to talk to a few but they wouldn't listen. They should teach some money and also investing basics in school.
@IgoOutlateAtnight 2 жыл бұрын
"I'm downing Debbie..." at 3:09...easy there Dave!!!! Easy Brother!!!
@IgoOutlateAtnight 2 жыл бұрын
@@PablitaPicasita youre pretty sick chubbs...
@MonsieurBlain 2 жыл бұрын
When he says "OUCH" 😂😂😂
@Kwameking1 2 жыл бұрын
Thanks Dave for bringing Us back to reality.
@waybogus 2 жыл бұрын
This was absolutely painful to hear.
@dancalmpeaceful3903 2 жыл бұрын
I dunno...it made me feel like a genius. I bought all the WAY DOWN in 2008....and bought all the way back up too. Best decision I EVER made....
@boredoreos 2 жыл бұрын
I'm so glad I put 500k in mutual funds in 2008, instead of paying off my house.
@jacksonbilly9979 Жыл бұрын
No you didn't
@JerryStevens 2 жыл бұрын
I hear radio commercials pushing annuities scaring people saying people lost their retirement in 2008 if they were in stocks. Only if they sold.
@JoelAper Жыл бұрын
Kamels face when he dropped the Debbie downer joke 😂 3:08
@MrSkyline350gt 2 жыл бұрын
Main take away from this video: Figuring out what mutual fund Dave was talking about at the end. 😂
@Krajesky 2 жыл бұрын
Could be AIVSX
@paulharsh78 2 жыл бұрын
Just use an etf like VTI
@rnt45t1 2 жыл бұрын
He couldn't tell you. His advice is no where near accurate.
@SPY_0-DTE 2 жыл бұрын
@@paulharsh78 that's what I do
@jakewaterman6608 2 жыл бұрын
@@rnt45t1 You're clueless. FDGRX has been open since 1983 and it's annual ROR has been 14.08% as of today. It has done so well that they closed it to new investors and the only way to get in now is if it's in your companies retirement plan or if someone gifts you shares per the prospectus. Plus he outlined the Dow Jones Industrial Average. This fund and just about any other growth stock fund have outperformed the dow. So his numbers are low ball. This is just one of dozens with returns like this. You just don't have the skillset to find them.
@jimhouser2556 2 жыл бұрын
If Frontline would ever update their "documentary" The Retirement Gamble, they would again try to blame the 401k system, not individuals who made really, really unwise investment decisions (wink, wink Debbie).
@brianmcg321 2 жыл бұрын
I watched that documentary and it’s so frustrating. It’s like they picked the dumbest people on the planet to profile.
@kiddrummeremac96 Жыл бұрын
“You’re being a Debbie downer” was great😂
@littleripper312 2 жыл бұрын
Why is this not taught in grade school? There should be no adult that doesn't understand very basic investing.
@forrestaustin7050 2 жыл бұрын
If most adults don't understand it how can it be taught ?
@YanilleCastillo 2 жыл бұрын
What I take is don’t get off the roller coaster early
@MassiveJetGrind 2 жыл бұрын
It blows my mind that people sell anything at a loss.
@dancalmpeaceful3903 2 жыл бұрын
Tell that to my DOLT parents who panicked.....they never recovered financially....
@kbanghart 2 жыл бұрын
@@dancalmpeaceful3903 well, you can't take it with you when you die, so there's that. Also, are tbey dolts for that reason only, or others?
@bstafford112 2 жыл бұрын
I will be buy more shares at cheap price.
@dancalmpeaceful3903 2 жыл бұрын
@@bstafford112 You should....it dropped even lower this past Friday. I just sent some money off myself...
@ororomonroe8022 2 жыл бұрын
All they had to do was research and compare the historic returns of various investments, and look at the long-term performance of the S&P. Also, I wish a CFO would give me free financial personalized advice.
@damemethief Жыл бұрын
She legitimately fumbled the bag 😭😭😭 crazy af
@hollybardoe4075 Жыл бұрын
My sister made the same mistake. She is now 72 and still has to work. She estimates she will be working until she is 80. Thank heaven she likes her job.
@brad9092 2 жыл бұрын
Come on, Deb! The boss is not always the boogey man!
@BetYouHateMeNow 2 жыл бұрын
I can't blame her, I can't lie watching 700-900 maybe even more disappear on a daily basis (sometimes it makes it back) I see how that can be disheartening to rookie investors.
@cullenmayes3370 2 жыл бұрын
"sometimes"? When has it not?
@nicola6234 2 жыл бұрын
Stop watching every day then, simple
@flipmex1 2 жыл бұрын
It “always” makes it back…..eventually.
@BetYouHateMeNow 2 жыл бұрын
@@cullenmayes3370 I am speaking about the next day(not long term).
@BetYouHateMeNow 2 жыл бұрын
@@nicola6234 I didn't say I have a problem with it just that I understand the felling
@HONDA87200X 2 жыл бұрын
Bottom line …. Don’t be Debbie 🤷♂️🤣
@luminous6969 2 жыл бұрын
Ya blew it Debbie, way to go and totally blow it DEBBIE.
@ywamdan408 2 жыл бұрын
wow George that pun was phenomenal
@paulinoaz 2 жыл бұрын
That "Ouch!" at 3:04 says it all
@erikamiller6839 Жыл бұрын
I would've loved to hear Debbie's response to Dave's answer.
@flippatheshippa 2 жыл бұрын
Got it Dave I’m going all in on spy call options expiring tomorrow
@amyx231 Жыл бұрын
My dad did exactly this. Pulled it all out at the bottom and…cash for a decade. Yikes.
@v.m.4453 2 жыл бұрын
I love this video. Oh my goodness!
@lotusgsxr750 2 жыл бұрын
Ouch...
@leemp337 2 жыл бұрын
Debbie makes the buying cheaper on the other end. I heard co workers talking in 2008/09 about how they got out. I just minded my business and ramped up my buying during that time . ramped up my buy again in 2022. plan to retire with 10 million in 5-8 years...and that is by investing more when others are scared, accumulating some rentals, and paying the minimum on my 3.5% mortgage(no plans on paying off early).
@xix967_5 2 жыл бұрын
This is reassuring
@annarichter6196 4 ай бұрын
I did almost the same thing. I lost half but left it in and it recovered to where it was. I cashed it out, and left it in cash for 8 years. What a stupid thing to do.
@MaTT.95 2 жыл бұрын
'Elon Musk Buying The World' 🤣🤣
@tortoisehead30 2 жыл бұрын
People that panic miss out on all those dividends!
@jefferykeeper9034 2 жыл бұрын
But you can't ever replace what has been LOST !!!
@AndreOliveira-cu3fy 2 жыл бұрын
I love George!!!! And you too dave :)
@THAOpeacockcichlids 2 жыл бұрын
Debbie lost the biggest investment of her life
@lkj0822g 2 жыл бұрын
In this episode of the Ramsey Show, Dave discovers math. LOL
@sportslad9769 2 жыл бұрын
Anyone know which mutual fund dave was referencing at the end?
@karihosny9420 2 жыл бұрын
The Arc innovation maybe be the exception to this rule.
@michaelwoods4495 2 жыл бұрын
And this is a good time to get back in. Stocks are on sale!
@johncameron4194 2 жыл бұрын
Yup! Stick with it
@andrewbrown9308 Жыл бұрын
Is there a way to bet on if Debbie is real?
@johnkeeler5 2 жыл бұрын
I can’t believe there are people like this out there 🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
@jorgealmeyda5222 2 жыл бұрын
Good old Debbie makes me feel good about myself. Ouch!
@angelmyers869 2 жыл бұрын
"Good Lord!" Lol
@mannyjeanpierre4062 2 жыл бұрын
You invest with a company but dont trust the CFO...
@windsongshf 2 жыл бұрын
Debbie suddenly is having a very bad day right now.
@FranciscoGarcia-bf5rp 2 жыл бұрын
The mutual fund Dave’s referring to is The Investment Company of America by American Funds.
@KNMK259 2 жыл бұрын
I am shaking.
@crd9551 2 жыл бұрын
Dave needs to show us exactly what his mutual funds look like in a whole other segment.
@genglandoh 10 ай бұрын
Last year I was in Maine and was talking with an older women about 80 in a café. Her Husband and her are still working because they lost it all in 2008 (her words) and put their money into gold. I did not have the heart to explain how they should have stayed in the market. On my way out of the café I paid for her lunch.
@jasonhutchens4420 2 жыл бұрын
Buy the dip!!!!!
@darkshadow955 2 жыл бұрын
The dip is now!!! :O
@jasonhutchens4420 2 жыл бұрын
@@darkshadow955 - Exactly!
@juanmartinez-ts2bg 2 жыл бұрын
The Dip is another 28 percent deeper
@jasonhutchens4420 2 жыл бұрын
@@juanmartinez-ts2bg Being able to buy and ride out short term volatility is what really grows a brokerage account.
@craig2012 2 жыл бұрын
You’re being a Debby Downer. Lol
@corym5750 2 жыл бұрын
Does anyone know what fund Dave is talking about?
@drewgangi 2 жыл бұрын
School should add the Dave Ramsey show to their list of subjects to take
@sweetzCA 2 жыл бұрын
I really wanted Dave to say, "Little Debbie got cakes" 😆🔥🔥
@SRD1281 Жыл бұрын
But she got no cake... that's the whole problem.
@rachelgee7894 2 жыл бұрын
What's the fund he's talking about at the end??
@patty109109 2 жыл бұрын
Deb already made a mistake she cannot recover from and by staying in cash is making it worse.
@kbanghart 2 жыл бұрын
Good thing you can't take money with you when you die
@joshuajohnson9936 2 жыл бұрын
Could have had a triple leveraged ETF that went down in 2008 and crashed at 3x the speed.
@jimroscovius 2 жыл бұрын
Our investments made 24.5% in 2020. We made 11.5% in 2021. You lost a lot, Debbie!!
@catzee4720 2 жыл бұрын
Did you give those gains back this year tho? Not in agreement with Debbie, but just askin?
@HK-ds4vm Жыл бұрын
How about 2022 buddy? Short run means nothing. Come back to this comment in 20 years
@mattobrien3712 Жыл бұрын
They're not even including dividend reinvestment - she lost even more.
@carloszarate2471 2 жыл бұрын
I like this dude. I think he’s the best Dave jr out of all the younger guys
@jasonbroom7147 Жыл бұрын
Dollar-cost averaging and compound interest...the only two things you need to understand about investing.
@hastycontemplation 2 жыл бұрын
Debbie never really said how much she took out in 2008
@HendayAllStar 2 жыл бұрын
Never sell when things go down, you don’t lose money unless you sell. Buy good quality investments and hold for 30+ years and don’t worry about the short term ups and downs
@kman347 2 жыл бұрын
"Like" just for the Debbie downer joke
@cutehumor 2 жыл бұрын
Love getting a sale on stocks plus dividends are reinvested quarterly.
@chrisg723 2 жыл бұрын
Dividends, another financial wonder of the world!
@bobsmiley06 2 жыл бұрын
What is the ticker of the mutual fund they are talking about at the end
@morinamayo4254 2 жыл бұрын
Great business
@johncameron4194 2 жыл бұрын
People panic way to fast
@Farewell_n_Adieu Жыл бұрын
Debbie is the Karen of Personal Finance IQ
@sunnydays4966 2 жыл бұрын
Tqqq will do that bad but the up periods it will do 10x
@FugaConManolo 2 жыл бұрын
Best thing to do right now is increase your contribution.
@kentondragon9263 2 жыл бұрын
Don't jump off the train👍💪
@nathancook8452 2 жыл бұрын
Poor Debbie,
@winchesterhollow2899 2 жыл бұрын
Not only will she not listen to this advice, she will likely stop listening to the show altogether lol
@dancalmpeaceful3903 2 жыл бұрын
A smart person...will admit they are wrong....and listen to the advice. I don't think Debbie is that smart. She lives in California...that should tell you a LOT.
@wadeharris348 2 жыл бұрын
Yea this is ridiculous. You can't lose all of your money if you're in single stocks. Just do index funds. Unless all 500 companies of the S&P belly up, it will return.
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