“You’re the Recipe of a Disaster”

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“You’re the Recipe of a Disaster”

Рет қаралды 100,649

10 ай бұрын

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Пікірлер: 454

@OopThereItIs77777 10 ай бұрын

When he said “you suck” I almost ran my car into the 7 Eleven. Dave doesn’t care & we love it 😂😂😂

@peartfaldo 10 ай бұрын

No. Dave DOES care. THATS why he says things like that.

@LeslieBanfe 10 ай бұрын

I love Dave "you suck" and "my mom told me that I was stupid" "she's right" I love how he tells him the truth not what the kid wants to hear.

@freddiemoses467 10 ай бұрын

As soon as I heard the phrase "Day Trading" then I knew exactly what Dave's reaction was going to be

@fauxbro1983 10 ай бұрын

when I heard day trading, I knew this caller lost all his money lol

@stevenporter863 10 ай бұрын

Like catching a falling knife.

@derekd1510 10 ай бұрын

Day trading is not investment, it is gambling.

@YoutubeNeoconskeepcensoringme 10 ай бұрын

These phone calls are Fake!!!

@angelamarie222 10 ай бұрын

@@derekd1510it really is

@FA-pw1yg 10 ай бұрын

I’m happy Dennis called in at 20yo, not 40, or 60! I hope he takes his moms’ and Dave’s valuable advice! Make better decisions Dennis, you are young! I pray the best for you and family 🇯🇲🇺🇸🙏🏾🖤🙏🏾

@jamaicastrong3368 10 ай бұрын

One love!

@FA-pw1yg 10 ай бұрын

@@jamaicastrong3368 One love

@williamho7393 10 ай бұрын

Dave called him 'honey' 😅😅

@Sizukun1 10 ай бұрын

That sounds like gambling addicts. "Yeah I lost $16k that week, but overall I was up $27k, so I'm still good! I just need a loan to gamble again and then I'll make it big!"

@ugabuga1361 10 ай бұрын

because day trading is gambling

@sblijheid 10 ай бұрын

His draw down is too much for one week. That means he has no concept of risk management. There are trade risk limits, day risk limits, week risk limits, and monthly limits. Once you hit the limit, you stop to re-analyze and demo. In fact, if you have a strategy that is capable of losing you 60% in one week, you should not be live trading. I think this guy looks at trading as playing a game.

@davidcox3076 10 ай бұрын

Reminds me of my brother, coming back from the gambling boat one week-end: "I won $50! I won $50!" Me: "So how much did you lose?" Him: "Um, $300." He later filed for bankruptcy.

@Ewalk.213 10 ай бұрын

The call screener was playing a sick joke when they let this young man through to get sacrificed by Dave 😂😂😂

@triciamool8157 10 ай бұрын

yOu sUcK at DAyTrAdInG - yup pure Dave lol.

@davidsensing2664 10 ай бұрын

Sad part is there are probably other Dennis out there that think they can make money in the market when most others can't.

@user-mv9tt4st9k 10 ай бұрын

... Or the screener did him a favor. 😮

@davidcox3076 10 ай бұрын

@@user-mv9tt4st9k "Hello, Financial 911. What is your emergency? Really? Wow! I'm putting you right through!"

@Tashas_Travels 10 ай бұрын

@@davidsensing2664my brother for example and forex trading. He doesn't even want to hear otherwise and gets angry when you advise him. 😢

@o.p.4254 10 ай бұрын

He refuses to listen. That’s his biggest problem. Not to mention he has a sense of entitlement.

@dungeonmaster6292 10 ай бұрын

Ok boomer

@o.p.4254 10 ай бұрын

@@dungeonmaster6292 I’m not a boomer. Grow up!

@user-mv9tt4st9k 10 ай бұрын

That comment about mom taking child support in a lump sum was a pathetic justification for mom to lend him the money. Mom knows that "NO" is a complete sentence. 😂😂

@user-mv9tt4st9k 10 ай бұрын

@@dungeonmaster6292What a clever little troll you are. 🙄

@alinatamashevich3354 10 ай бұрын

@@dungeonmaster6292 OK Zoomer

@joelmartinez2278 10 ай бұрын

He's 20yrs old and looking for a quick way to get rich....smh

@alinatamashevich3354 10 ай бұрын

He is big man in his hood, telling all his homies he is a wall street king.

@carmarasmussen8118 10 ай бұрын

Mom, don't give Dennis any money!! 😂

@SidraAdele 10 ай бұрын

Dave kept hitting him with the haymakers and he kept trying. I CAN’T! 🤣

@joshuacooperseo 10 ай бұрын

I’m over here weak 😂. He called in and got hit in the mouth.

@coolaunt516 10 ай бұрын

Dave cuts to the chase! Her expression at the beginning of the call lol.

@peternguyen1911 10 ай бұрын

Literally Las Vegas residents don't have to pay state income tax because of all the gamblers that come in and lose money at the casinos

@tyleralamo5247 4 ай бұрын

Yup. I'm from Las Vegas. Lived here all my life and never spent a cent gambling. When people ask me why I say: "why would I want to voluntarily pay more taxes?"

@RandomVids519 10 ай бұрын

“She told me im stupid, shes right”😂😂

@Hiker2110 10 ай бұрын

Rachel's chuckle cracked me up 😂

@1timothydillon 10 ай бұрын

The stock market is a device for transferring money from the impatient to the patient. - Warren Buffet

@talyahr3302 10 ай бұрын

That's a good one.

@expectthabest951 10 ай бұрын

He Lost $15,000 in a Week 😂😂😂😂😂😂😂😂😂 Some People are Wise and Some People are 👉”Other Wise” 🤷‍♂️😂😂😂

@fsmoura 10 ай бұрын

...and some are dumber than a bag of rocks. Rapidly depreciating rocks! ( oДo)📉🔥💸

@Amandy36 10 ай бұрын

"I lost $15k in a week and I need you to convince my mom to give me another $8k". Mom is the smart one for saying no

@Bread_n_Butter. 10 ай бұрын

😂😂🤣🤣

@bellabobbybob3476 10 ай бұрын

😂😂I leaned some new English today, thank you

@user-mv9tt4st9k 10 ай бұрын

@@Amandy36I liked how the caller gave the backstory about mom taking child support in a lump sum, as if that justified him pressuring his mom for the $8,000.00. 🙄

@Bread_n_Butter. 10 ай бұрын

So he made $27,000 in a year which is about $519 a week… but lost $17,000 of it in one week…🤔 He has huge balls to even call in about this.

@MikeyFFA500 10 ай бұрын

I think he's just dumb.

@fauxbro1983 10 ай бұрын

And that's his gross earnings. He owes the IRS, so at min take 25% of his gross earnings of $27,000

@user-wq5ws1qs7x 10 ай бұрын

I wonder how many hours he spent to make that too!

@sblijheid 10 ай бұрын

@fauxbro1983 Day trading is taxed net at ordinary income. If he held anything longer that a year, he will pay capital gains tax on the appreciated part

@melissapowell2848 10 ай бұрын

But he didn't make that much if he invested 300 per check. Still needs to subtract his investment and pay taxes.

@richsanossian8675 10 ай бұрын

This kid is typical of todays kids. No matter what the writing on the wall indicates he still thinks he’s smart

@EGfocus33 10 ай бұрын

🎯

@truthsayer9534 10 ай бұрын

The internet has made so many people believe they are geniuses.

@ScottReedKC 10 ай бұрын

Most of Dave's callers are old and have made a lot bigger mistakes than this young man.

@socku5850 10 ай бұрын

He been watching KZfaq commercials about how become a million buying course on how to be rich from day trading, selling real estate or from whatever it is. I saw those all the time. For example, here one commercial. This the line : Why are you not rich ? Millions of people become rich by selling real estate. Ask Dave Ramsey about this he lost 4 million dollars from real estate . He was about 28 years old . He was bankrupt and about to be divorced from his wife. Young and stupid.

@katie8325 10 ай бұрын

You’ve got to be kidding me? You’re watching this channel and you think young people are the problem? 😂

@tucoramirez9729 10 ай бұрын

Had a brother inlaw he inherited nearly a million dollars lost it all day trading in less than 5yrs,,a real fuckin shame

@javaskull88 10 ай бұрын

Man never met a question he couldn’t dodge.

@alinatamashevich3354 10 ай бұрын

Typical

@rebeccaoprea9917 10 ай бұрын

They always talk about the wins, never the losses.

@kendrapratt2098 10 ай бұрын

Dave repeatedly telling you ‘You suck’😂 Oh my, he called him honey🤣 Dave has a nice, new jacket, lol

@Currencywalk 10 ай бұрын

I'm dying he is the definition of a gambler. And this is our future.....

@untouchable360x 10 ай бұрын

He's not day trading, he's gambling. There is no difference.

@fsmoura 10 ай бұрын

that's day trading

@chickencharlie4539 10 ай бұрын

It was like talking to a wall 🧱 with this guy.

@bille1954 10 ай бұрын

Dave Ramsey for President, this is the kind of guy we need. We are living in the dumbest times of all. None of our Politicians will save us.

@YoutubeNeoconskeepcensoringme 10 ай бұрын

People who vote Can't think for themselves!!!

@Leftists_are_Losers 10 ай бұрын

Our politicians won’t save us because they are financially incentivized to place their own enrichment ahead of ours.

@amireallythatgrumpy6508 10 ай бұрын

He's smart enough to not want that job.

@rhaythe 10 ай бұрын

Feel like the only people that are qualified to be president are the ones that know better than to run.

@marydiamond7099 10 ай бұрын

Dave has said he hates politics.

@BrianW211 10 ай бұрын

"Wait a minute. Where's the money." LOL, exactly what I was thinking.

@MrJimmy3459 10 ай бұрын

Geez this was tough to listen too....... poor kid is on a road to absolute disaster...

@fsmoura 10 ай бұрын

At least he doesn't have any money to lose, so the worst that happens is he slaves off for a year, loses his 15k surplus following wallstreetbets, lives on rice and beans slaving off for another year, maybe do it a couple more times... realizes it's retarded, then stops doing it... It would be much worse if he signed for 200k student debt only to find out he can't get out of it 20 years later.

@stevenwalton6405 10 ай бұрын

When I worked at TD Ameritrade this was like half of the calls

@devpav9880 10 ай бұрын

What, Zoomers daytrading GME?

@alinatamashevich3354 10 ай бұрын

@@devpav9880 Bitcoin! LoL.

@domingodelgado3944 10 ай бұрын

I fell into this exact trap. Ended up Turing 10k to 30k day trading. Then made another 10k off that the next year. Used the 40k for a down payment on a 2nd home. Should of taken my chips off the table but I thought I had a “system” and i was different. Used loaned money and lost 50k 😂. Sometimes you have to learn the hard way to get it through your head. But I definitely warn other people now of falling for the same day trading crap.

@ThomasFerrugia 10 ай бұрын

Dennis isn't listening. He's gonna be refereeing soccer games, living in his mom's basement and falling for get-rich-quick schemes for the foreseeable future.

@Tashas_Travels 10 ай бұрын

Lmao the "You suck" 😂😂😂😂made me want to cry and also the Bear analogy 😂😂😂.

@christinehopping5040 3 ай бұрын

Dave is right. I did the same foolish thing day trading. Gain $80K. I will never day trade again.

@SRTBOAT 10 ай бұрын

He wants free money to keep up his gambling addiction. Only difference is this time it's not in a casino. He needs to stay broke until he learns how to invest properly.

@kenreliableb18b 10 ай бұрын

Dennis WILL learn from his mistakes. The question now is: how big of a mistake will it be at this point?

@user-mv9tt4st9k 10 ай бұрын

Mom is smart to say "no" to him using her money. His point about her taking child support for him in a lump sum was so annoying; she paid out that money at some point and, as an adult, he should not be justifying his entitement to her money.

@knightfox4121 10 ай бұрын

“Honey” 😂😂

@bluejedi723 10 ай бұрын

soon as caller uttered day trading, I knew dave was going into instant rage

@reedlarsen5441 10 ай бұрын

I wouldn’t call his response “rage”. I think his response was rather measured.

@johnc2438 10 ай бұрын

Really? Rage? That was rage? You're kidding, of course. He was simply being himself -- warning that entitled youngster to heed his mom's advice. Rage? No way!

@moistpeanut5986 10 ай бұрын

“I make 27k a month but lose 15k a week”

@vicg3206 10 ай бұрын

We need more calls like this. Thanks Dave 😂😂😂😂

@aspinaki 10 ай бұрын

no one can beat you Sir. I am lucky enough to have a wise man like you. you are an asset to the world.

@genglandoh 10 ай бұрын

The worst thing for a young person is to win when they first try a get rich quick scheme like at day training, gambling, etc. They think they can do it all the time even if they start to loose money they still think they will win on the next deal.

@fsmoura 10 ай бұрын

The best thing is to lose your shirt the first time, get spooked, never touch it again.

@genglandoh 10 ай бұрын

@@fsmoura That is what happened to Dave and look at how well he has done.

@chazzkramer7676 10 ай бұрын

I don't suck at day trading. I just lost $15,000.00 in a week, but I don't suck at day trading. Well, THAT makes sense! 😂

@bernadofelix 10 ай бұрын

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

@hersdera 10 ай бұрын

Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.

@hersdera 10 ай бұрын

I am being advised by Margaret Johnson Arndt, an experienced financial professional. If you're interested, you can easily find more information about her as she has accumulated years of expertise in the financial market.

@SandraDave. 10 ай бұрын

thank you for this tip , I must say Margaret, appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

@fsmoura 10 ай бұрын

8 out of 10 daytraders lose money. 2 lose _a looooot_ of money.

@YouSoCute2000 10 ай бұрын

😂that child support is your mom's money! Its backpay for all the money she has paid on him.

@tashanapink7688 10 ай бұрын

Exactly. It’s her reimbursement for what she paid on the dads behalf

@MikeBarbarossa 10 ай бұрын

Child support is supposed to be the kid's money, but you're right. With the family court racket, women get personal money via "child support"

@YouSoCute2000 10 ай бұрын

@@MikeBarbarossa the mom was not being paid when this guy was a minor....she paid everything herself...she covered her portion and the dead beat's portion...how is that hard to understand?

@MikeBarbarossa 10 ай бұрын

@@YouSoCute2000 I was talking about the child support system racket in general...how is that hard to understand?

@sarsattacks 10 ай бұрын

0:45 Rachel Cruze is trying so hard not to laugh

@ChocolateKoda 10 сағат бұрын

When Dave calls another guy “honey”, i cant help but to laugh.

@bobbybrown870 10 ай бұрын

he kept saying "investing"...he's not investing...he's gambling, period. Day trading is NOT investing.

@thegenxgamerr 10 ай бұрын

There’s lots of people like this out there. It’s a waste of time trying to talk to them. I’m amazed he called in. Did he really think Dave Ramsey was going to tell him the day trading and borrowing money from family member is a good idea? Best of luck pal.

@unclebenny 10 ай бұрын

6:16 Now we know why Dave hates gold.

@kratostomatoes8587 10 ай бұрын

He lost $5,000 on paper gold derivatives! LMFAO Don't buy physical because he got fleeced. Sad!

@devpav9880 10 ай бұрын

lol, it's personal!

@fsmoura 10 ай бұрын

lmfao

@lockheedload 10 ай бұрын

Weird. My gold investment is still sitting in my safe.

@alinatamashevich3354 10 ай бұрын

@unclebenny, Dave does not hate gold. He states it is NOT for Joe Sixpack investor.

@Tank-vi2dv 10 ай бұрын

Go ahead Jimmy. Tell us why Dave and Dennis' mom is wrong.

@alinatamashevich3354 10 ай бұрын

Don't worry he will!

@MillionaireHouseholdFinance 10 ай бұрын

Borrowing money for day trading is like borrowing money for gambling! It's a wild combination! We should all learn from this and stay away from it. Focus on long term investing from your own Savings!

@lolwtnick4362 10 ай бұрын

Facts. 80% of people Do Lose Money. i bet a couple grand and did it for 6 months. then lost half of it. it's rare to be an exception. learned my lesson.

@linuxsurfer2002 10 ай бұрын

3:58 Dave sums it up really well here.

@rebeccaoprea9917 10 ай бұрын

This is not about the money, it’s a dopamine hit, his drug of choice.

@bigdaddygoon828 10 ай бұрын

Even Warren Buffett will tell you there's a difference between trading and investing

@sblijheid 10 ай бұрын

Exactly. You have to know what you do for tax purposes.

@proper.role.model.819 10 ай бұрын

I feel like some times they have fake calls just to spook the team but at the same time I know there’s a lot of brainless people in the world. Not this call exactly but in general

@bleppo321 10 ай бұрын

Exactly!

@just_the_noise_911 10 ай бұрын

This is the best Ramsey clip I’ve ever seen😂😂😂😂❤❤❤

@vicade4112 9 ай бұрын

Aww bless you Dennis 😅 please heed wise counsel young man 🙏🏾

@marcenelj 10 ай бұрын

He's gambler.. I can see a gambling addiction coming

@elizabethallen4353 10 ай бұрын

Chihuly. Awesome glass artist.

@Jlcdb71816 10 ай бұрын

When Dave called him “hOneY” I nearly lost it. 😭

@user-mv9tt4st9k 10 ай бұрын

"So you suck at day trading and you want to borrow money." 😂😂😂

@patrickchilds5486 10 ай бұрын

I know a guy lost 340k in crypto crap. He borrowed over 200k from credit cards! Lost it all. He thought he would be a billionaire!

@kennethwers 10 ай бұрын

Crypto is easy. You create a few thousand coins out of thin air. Sell a few to friends.(kicking back the cash). Now you have a set value. Now you are rich on paper. The hard part is getting "the guy"(sucker) to buy the coins from you.

@hanney3194 10 ай бұрын

Awe Dave loves Dennis's mom

@phoneuse2012 10 ай бұрын

Been there and done that. With day trading being half emotion based and half research based… it just best not to use that as a real job and only try that after you have a good positive net worth

@adamseidel9780 10 ай бұрын

Just wait up the IRS comes for their piece!

@ruthirwin8222 9 ай бұрын

Hes not stopping for sure

@manueltriana4010 10 ай бұрын

I used to do this years ago and i lost thousands of dollars, i agree is easy to think youre smarter and your the exception, but then you realize is not about knowing is just about guessing and is a gamble, do yourself a favor and invest long term

@JCJourney 10 ай бұрын

that is called gambling addiction

@Useruytrw 10 ай бұрын

THanks Call Screener for letting the caller in

@BarelyNoticedADD 10 ай бұрын

The issue is that he got some gains at the beginning. The worst thing that can happen when you play stupid games is winning the first couple rounds. The one time I would do a day trade is if I bought and then it skyrocketed for no reason. Then I would sell quickly and invest in solid stocks.

@carojames6776 10 ай бұрын

Homelessness starts here .

@dbb3892 10 ай бұрын

Get a bear suit !!! Hahaha. !!!😂

@Freedomchild85 10 ай бұрын

He’s hard headed and don’t listen… his mother is smart not to give him a dime.

@curiouscat3384 10 ай бұрын

I also learned while trying to day trade that there is no way to get ahead of the robo trading that the pros do. He got lucky on some of his trades but long-term the risk is astronomical.

@arh1234 10 ай бұрын

Kudos to the wardrobe department - both looking snazzy 👍

@LaylaMF 10 ай бұрын

🤣🤣🤣David just cured my depression 😅

@MichaelCorleone562 10 ай бұрын

Day trading? Came straight to the comments 😅

@joeriveracomedy 10 ай бұрын

That is how I invest. I ride the lightning on chase checking/savings minimums.

@glenchatelain3067 10 ай бұрын

Dave heard day trading and refused to hear the young man out. I like Dave but this call was frustrating.

@MrTmenzo 10 ай бұрын

Is your friend also 20? Hedge fund manager my azz 😂

@fsmoura 10 ай бұрын

But Dave!! I got some hot tips on reddit!! 🚀📈

@katysummer9418 6 ай бұрын

People have the wrong goal making money fast won't make them happy. Good friends and family does.

@markburnham7512 7 ай бұрын

Tough love from Dave. But, if everybody went the safe route, the statistical route, we would never see a new business started in this country. The statistical odds are too low. But some brave souls do defy the odds and succeed.

@christopherpaige406 9 ай бұрын

That how ridiculous the youth are, especially here in VA and in Richmond. And now our governor has legalize pot. With this generation's mindset, we're doomed.

@tambriamarsh6960 10 ай бұрын

Uncle Dave for president!

@njfuentesrespecter81 8 ай бұрын

Everyone trying to get rich quick. There isn’t a lottery out there for you. There is only hard work or failure. Take your pick

@9liveslisa 10 ай бұрын

Day trading and he wants to borrow money from his Mom????? Hell no!!! Stay away from get rich quick schemes, you'll only go broke.

@InceRumul 10 ай бұрын

Pretty sure "day trading investing" means gambling on options.

@kleindropper 10 ай бұрын

Oh no!

@JoeyNYSDnomad 10 ай бұрын

Theres a sucker born every minute!

@smokinhalf 10 ай бұрын

The lotto is even worse. I hear about when people win you never hear of those that lose most of earnings every week, week after week. It is sad because lots of people think it is the only way they can get ahead. It is a tax on the mathematically challenged.

@joshuaevans6065 10 ай бұрын

Some people do the lottery as a hobby. I worked at a convenience store and people would spend $100’s of dollars a day every morning. It’s their money so if that’s what they want to do so be it. The worst was a lady who came in trying to get money for her mortgage and spend $1,100 on tickets in one day. I wanted to just say no. “Give me 20 number 10’s, 15 number 5’s.” It was brutal to see.

@unfairsanic5089 10 ай бұрын

@@joshuaevans6065like kirk lazarus said “never go full retard”

@damondiehl5637 10 ай бұрын

The odds of winning are 200,000,000 to 1. So, you're saying I have a chance...

@smokinhalf 10 ай бұрын

Yes a snowballs chance in hell. Meeting a person who has the same birthday and same name as you and then getting struck by lightning ON THE SAME DAY. @@damondiehl5637

@ThreePuttBogeys88 10 ай бұрын

This is why it’s important for men to be good fathers.

@sblijheid 10 ай бұрын

What does that have anythingbto do with this. If I listened to my father, I would be a gambler. He's up to his eye balls in debt.

@ThreePuttBogeys88 10 ай бұрын

@@sblijheid That's why I said "Good" fathers. I didn't mean any disrespect to you or your situation but too many smart young men are growing up without the kind of guidance that teaches their boys to be disciplined and patient. To steer their ambition and drive towards long term gains over quick wins.

@gratefultrucker7781 10 ай бұрын

There is significant difference between stocks and slots but most of the people are addicts.

@curiouscat3384 10 ай бұрын

Ooohhh ouch that bites poor kid - yes he was foolish but I did the same thing in my forties thinking I was so smart 'cause I made some money and then I lost it all and more - aaaaarrrrgggghhhh! I'm so glad Dave preaches not to play the individual stock trading game, wish I had listened to my family advising me against it when I screwed up!