There’s a 100% chance this guy watched a KZread video before borrowing $20k to invest in ETF’s.

@sblijheid

Жыл бұрын

And probably a Tik Tok video that says Dave Ramsey is a fool and doesn't want you to get rich. The issue with borrowing is that when you lose your income, you're in a deep hole.

@becomingwealthy1437

Жыл бұрын

@@sblijheid not necessarily

@vicsosa5703

Жыл бұрын

@@erikq9788 I had to stop watching that guy after he became widely known. He became everything he said he hated early on in his KZread channel.

@omalleysmith9100

Жыл бұрын

Yes. A "How to earn a passive income in 2022" video, no doubt. lol

@mriphone1000

Жыл бұрын

Nah it was probably one of the youtube grifters, that pump nothing but debt heavy trash.

"He who hasten to be rich, won't go unpunished." I live by those words.

@thomashaas5965

Жыл бұрын

I don't think this person was hastening to be "rich" - I think he was just trying to get to a more comfortable place than where he is now but that's not "rich". That's just "better off".

@GasGuzzlerz

Жыл бұрын

@@thomashaas5965 your logic is incorrect lol

@dantedlane2

Жыл бұрын

The bibles been teaching for years ppl wanna be wise in their own eyes thou so

@dantedlane2

Жыл бұрын

@@thomashaas5965 20k loan is hastening

@miketheyunggod2534

3 ай бұрын

Yea, live poor for 40 years.

Borrowing to invest is a fool's errand at best. Greed can be an excellent teacher to the right student.

@muradshawar

Жыл бұрын

Same borrowing for a home if you lose your job you lose your home eventually only hope is you sell it and its higher then when you bought it but most people lose job during recession and there are lots of new home buyers before recession . Risk is everywhere

@Murphys_Law9

Жыл бұрын

Not really, smart money do it all the time.

@AdamGbl95

Жыл бұрын

Not if you do it wisely! This person did it the wrong way. Borrowing money and investing the right way can be the best and fastest way to build wealth, especially in real estate. It's called leverage. Saving to pay cash for EVERYTHING will take ages and only limit yourself.

@AdamGbl95

Жыл бұрын

@@muradshawar Not if you do it the right way. Dave gave up after his first loss in real estate because he didn't do it the right way. If you buy a home with equity below the median every time, and follow the right strategy it can be an excellent way to build wealth quickly (but not overnight) Leverage is a powerful tool when you use it correctly.

@muradshawar

Жыл бұрын

@@AdamGbl95 Thats a good point

Honestly when ever I complain about life I always think someone’s situation is way worse. I ain’t no millionaire but I ain’t in any debt either and ain’t planning on being in any debt.

@Thejasonrogers

Жыл бұрын

Depends on the type of debt.

@bigmeany1184

Жыл бұрын

Totally!

@andreasmelkersson3592

Жыл бұрын

@Yehuda Stollak Debt is great for wealth creation.

@rthelionheart

Жыл бұрын

Wait until a future-ex-wife shows up!

@AtoZb137

Жыл бұрын

Good debt that can be managed is a good thing. Dave needs to do a better job of teaching his listeners that, they are missing out on a lot of opportunities

Don’t gamble what you can’t lose

@ThreePuttBogeys88

Жыл бұрын

In this guys case, what you don’t even have!

@ellisnguyen7714

Жыл бұрын

High risk! High rewards!

@alinatamashevich3354

Жыл бұрын

Don't gamble with scared money

@Prod1jbtc

Жыл бұрын

@@alinatamashevich3354 scared money, don’t make money.

@alinatamashevich3354

Жыл бұрын

@@Prod1jbtc Way to become a broke joke too.

His first mistake was thinking gambling is the same as investing.

@tdgdbs1

Жыл бұрын

You said it best.

@jimmymcgill6778

Жыл бұрын

It kind of is.

@I_like_turtles_67

Жыл бұрын

@@jimmymcgill6778 Explain how long-term. Decades worth of investing. Is the same as gambling. I do both BTW. I love sports betting. But it's for fun. Not a way to make money. Unlike my investment portfolio.

@TableForOne2025

Жыл бұрын

Yes, totally agree. His case was more of gambling then investing 🤦🏻‍♀️

@jimmymcgill6778

Жыл бұрын

@@I_like_turtles_67 Well you putting money in it hoping it will grow. SO it's kind of the same thing. But it's also not the same.

The best life lessons I have learned from are mistakes that cost me money. These taught me more than any teacher ever did.

@Imran-Shah

Жыл бұрын

I am a teacher...in higher ed. I teach financial math. If students would listen to my lecture, they would not be in these kinds of financial drama's. But I am just a faculty. What do I know? Some of my students drive bigger cars than I do. I must have done something wrong

@kathleencooney1518

3 ай бұрын

Exactly

@theeplugtv6834

2 ай бұрын

And I don’t remember anything I learned in school accept fractions💀

@topher7716

2 ай бұрын

Well did you know 99.9% of gamblers quit before their big win?

@anotherhairlessapewithanop7455

2 ай бұрын

@@theeplugtv6834accept and except are two different words

"There's no shortcut to anyplace that's worth going." I like that.

@learenng1267

Жыл бұрын

so true! if it was that easy, everyone would be doing it!

I bought a house when I was 25 years old ( Calif ) It rapidly increased in value. I bought a 2nd home and rented it to a relative who made more than I did. He flaked on me, addiction got him. I could have paid off the mortgage on my house instead of trying to continue to ride the real estate market. I sold the 2nd house & was only able to cover the existing mortgage. Years went by & I stayed conservative, investing slowly & incurring no more debt. If I hadn’t of gotten burned with that 2nd house ? I may have done something REALLY stupid later. Some of us just have to learn from stupid mistakes.

I'd ride it out... Pick up extra jobs right still though but start paying that CC debt down as much as possible.

@cebollo1709

Жыл бұрын

Completely agree those ETF will recover and he has the time to over work to pay that off

@shawnshawn3107

Жыл бұрын

Agreed Should definitely not cash out today. He needs to work it off and reap the reward at the end.

@Bmc2021

3 ай бұрын

Man look at snp now

The problem with the "borrow to invest" mindset is that there is survivorship bias out in the world where a few people who speulated like that actually came out on top. No one ever pays attention to the overwhelming majority of cases where people who go that route end up losing. They don't usually make the effort to shout from the rooftops "Look at me! I'm a cautionary case!!" but those very few people that did succeed this way make sure to put it in your face.

That was stupid. He would have done nicely to dollar cost average into an S&P 500 fund. At this point, he should just plan on paying off as much as he can each month and stand pat on the investment if he can pay that 20k off over the next 16 months. His losses right now are just paper losses. Eventually he will make a profit on that stock.

@ilikeshroomgals

Жыл бұрын

Yea if he was in spy and voo he should just dca and payoff that debt asap

This guy needs to post on wall street bets. My favorites are the ones that gamble with student loans or helocs.

@genxx2724

Жыл бұрын

😳

@lot2196

Жыл бұрын

I told a guy I had my house paid off and he asked me why I didn't leverage it and invest the money. I just laughed at him. It's financial "Peace", and peace isn't necessarily rich. Just happy at the place we are in the world.

@MistaTofMaine

Жыл бұрын

@@lot2196 tells u that guy probably isn't the smartest 😂

@I_like_turtles_67

Жыл бұрын

There's a KZread channel dedicated to this type of stuff. Benjamin I believe.

@commonsense-og1gz

Жыл бұрын

@@lot2196 you may have peace problems when the inflation on everything is 3x in 10 years. having used that to buy rental property, would certainly add more to that peace.

I bet he's up now

I fell in the same rabbit hole in 2018. Thankfully, I made 96k/yr; not 35k/yr

@MrTrevorDidier

3 ай бұрын

The $35k per year seems like the bigger mistake. Very few people will make progress with $35k per year income.. unless there is focus on other avenues of building wealth.

I learned in my own life- there is NO shortcut to wealth, happiness or health. It takes extreme effort and hard work.

@blackworldtraveler3711

Жыл бұрын

For me it was very little effort and work. Just common sense and time on my side from starting in my teens with habit of always saving and investing a portion of my income.

@waterheaterservices

Жыл бұрын

@@blackworldtraveler3711 Every one should do what you did. Job well done. Travel on.

My favorite Ramsey line of all time is I have PhD in d.u.m.b.!! I think and use this phrase often.

Yikes. Remember, you don’t lose money until you sell.

@jimhandler1129

Жыл бұрын

I agree. He should start paying off the debt, but not sell his investments, especially not now.

@Armchair-Investor

2 ай бұрын

I hope he held. S&P at all time high now.

@blahbleh5671

2 ай бұрын

@Armchair-Investor Yeh the market had rebounded a decent amount by October 23 I think

I hope the caller didn't listen to Dave and held his ETFs. He would be ahead now.

@a88pockets

2 ай бұрын

6 months from your comment and he'd be double extra ahead

The best way of gaining wisdom is learning from other people's mistakes. I have a lot of knowledge, thanks to all of these callers, etc.

Excellent advice. I am living this right now. I am paying it off as soon as I can and you are right. Look at it as paying to learn a lesson on what to never do again.

The moment of silence said it all..

Speak Dave Ramsey appreciate all your wisdom. I went through your course 17 years ago with my church. I wish you would have listened to some of that wisdom back then and I'm cleaning up a little bit of a mess but hopefully it won't be long and it will be done

Would love to see Sharon on the show someday to share her experiences and insights as well. Perhaps she and Dave can come on Rachel's show soon. Proverbs is filled with so much wisdom and I dont read it enough.

PSA: For those who are thinking about or are already delivery drivers. You will need to look into getting commercial or delivery insurance. In most pizza chains, the managers won't tell you to need special insurance. Insurance companies will deny your claim if you get into an auto accident while delivering pizzas. No matter if it was your fault or the other driver's fault.

@chrishart8548

Жыл бұрын

The extra insurance and ware and tear on the vehicle probably means you're losing money. Also this renting out your car to people, if that really worked out would people just get 10 cars rent them out and just quit their job.

@bigmeany1184

Жыл бұрын

Interesting thanks for the information!

@cashway0420

Жыл бұрын

I'm not advocating insurance fraud (even though they like over charging customers) but how would they know your delivering pizza's if you don't tell them? The police aren't going to include that in an accident report. You definitely would increase chances of accidents though driving around all day and would wear out car parts faster so I don't think it's as profitable as Dave thinks.

@cashway0420

Жыл бұрын

@@chrishart8548 You would probably be better of renting trailers for moving or something like that, less insurance, less moving parts and less things that can break and cause expensive maintenance. People drive rentals like they're in the dukes of hazard lol

@thrashncrash4046

Жыл бұрын

@BillSanders My insurance company State Farm was across the street from where I delivered pizzas. Someone from State Farm called me about getting commercial/business car insurance. That's how they knew I was a delivery driver. If the cop fills out the accident report and includes that the delivery driver was delivering pizzas or sees a car topper. Then, the insurance companies might find out you are a delivery driver from the accident report.

This was a very risky and reckless thing for him to do. But with all that said, if he ended up not listening to Dave's advice and let it ride until the promotional period was over, he would have made all his money back and then some. We have the benefit of hindsight.

I would ride it out until the due date becomes closer. He has until October 2023 before he has to make the decision. A lot can happen in a year

@ASimoneau

Жыл бұрын

Correct. For example, he could lose a lot more money.

@kevdogg545

Жыл бұрын

@@ASimoneau Correct. He could also make more money or break even as well.

@shrimuyopa8117

Жыл бұрын

Yah he could lose even more money by then.

@kevdogg545

Жыл бұрын

@@shrimuyopa8117 He can also make more money by then as well.

@weswest8666

Жыл бұрын

They might back date the interest.

You borrowed money to *gamble*.

@mustangschelle68

Жыл бұрын

For real!!!

@MrTrevorDidier

3 ай бұрын

Zero percent interest.. can't say it's a silly move. Him making $35k per year is the silly move; bump up that income. Take zero percent loans all day long use it to your advantage. Reasonably calculated debt is the way to go for most people. At least he didn't blow it on a penny stock that went to zero.

@AM-dk5ym

2 ай бұрын

@@MrTrevorDidier ...? It's only zero percent for a certain amount of time unless I'm mistaken

@MrTrevorDidier

2 ай бұрын

If the rate blows up at some point, have a way to pay it off in full. This is the mistake in the video's scenario. I would take unlimited 0% loans... even with 6-12 month pay back in full at the end of the term, or rate balloons. Definitely be mindful not to blow it all. ( ^.^ )@@AM-dk5ym

Lesson here: NEVER borrow money to invest in stocks.

@soogasooga

Жыл бұрын

even more generally, never use money that you can't afford to lose value on, to buy stocks. ( e.g. down payments, loans, emergency fund, etc)

@mommytradertube

Жыл бұрын

@@soogasooga Yes!! I agree

@JeanValjean875

Жыл бұрын

What about real estate?

@mommytradertube

Жыл бұрын

@@JeanValjean875 That I will borrow money for but not to buy stocks.

@fsmoura

Жыл бұрын

Unless you have a sure thing/hot tip, of course.

So the s&p can go to zero Dave... but mutual funds make 12% a year🙄 Sell nothing and start paying the loan... you have 15 months to do it

@andreasmelkersson3592

Жыл бұрын

@Joaquim Sabina VTSAX though encompasses all chosen stocks by mutual funds. One of the safest investments there is.

@carlosmuniz4432

2 ай бұрын

Cause he wants people to buy the mutual funds he selling 🤣.

Looking back, it was even lower in October 2022, and only coming up at bit in August.

Good advice.

I hope this young man held those ETFs. S&P is at all time highs now. March 2024.

@slabbygabby

2 ай бұрын

If he brought something like s and p 500 then yeah

@Armchair-Investor

2 ай бұрын

@@slabbygabbyyeah, he bought $20k worth of S&P index 0:20

Such a risky move. I would never borrow money to invest for only a couple of years. You should be invested for at least 10 years. If I were him I'd hang on but save as much as possible to cover his (potential) losses. This must be so stressful for him.

@nic_ccc3366

Жыл бұрын

@@erikq9788 Sorry you took that loss. But I bet no longer having this hanging over your head is priceless!

So great to learn here

You can't say you mostly follow Dave's advice and have 100k in debt

@billkindig137

Жыл бұрын

To be fair, he doesn't have a 100k in debt.

@DrTroop

Жыл бұрын

"I follow all it all except the money stuff."

@xiomaragomez6649

Жыл бұрын

That's hilarious 😂

@jimhandler1129

Жыл бұрын

True. The caller didn't say that.

@SeattlePioneer

3 ай бұрын

He said he had $100K credit lines AVAILABLE, not that he'd used all of that. He used just part of that and got himself in trouble.

Experience is a good teacher; gives you the test first and the lesson later.

Good advice from Dave is to choose your pain and it takes a big man to admit mistakes.

I was waiting for Dave’s head to explode while George was reading this. 😂

I get where he’s coming from. I’m waiting to see if they officially announce a recession from this 2nd quarter, and pick up stocks when they really decline. But I have cash. Would never borrow to invest like that. That’s scarier than investing money you already have.

How does someone with 35k/yr qualify to borrow up to 100k?

@YutubeBansALot

Жыл бұрын

Bank monopoly

@PInk77W1

Жыл бұрын

Cra Cra

@blackworldtraveler3711

Жыл бұрын

It was happening before the housing crash in 2008. All you had to do was fog a mirror back then to buy a $200k-$300k house on $35k/yr income.

@l-train7876

Жыл бұрын

@@blackworldtraveler3711 yeah but not now.

@l-train7876

Жыл бұрын

I was wondering the same thing.

This is what the result is if your read the garbage that the financial media puts out. Stocks/equity funds didn't _crash;_ they simply went from obscenely overvalued to slightly overvalued.

@RusskiCommieBot

Жыл бұрын

The currency is dramatically overvalued. Once you understand that you begin to realise how low stocks will go.

@barbieblue3336

Жыл бұрын

Completely

Dude was a genius just needs to ride it out and got a lil scared that the dip dipped lower but if he held which I hope he did he’s definitely up right now.

Poor guy, market SHOT UP after October 😂😂

Great video! Even if you get a 9-5, yeah you're going to make more money but eventually thats going to get old, too. If your true passion is being a full time content creator, don't lose focus on that and stick with it. Thanks for sharing your experience.

When I get money issues, I just pray and it goes away. Prayer works people! Just pray it away!!!!

@cutehumor

Жыл бұрын

It worked with the supreme court. 🤣😁😆😂🤪😅

@swampcrawlerls1267

Жыл бұрын

This is a joke right?

@jimroscovius

Жыл бұрын

@@cutehumor They just put a woman on SCOTUS that doesn't know what a woman is 🙄

@Angelo80907

Жыл бұрын

give to caesar what is caesar's and to god what is god's. Gotta love people that pray to god for money 😂

@fsmoura

Жыл бұрын

when the collectors are banging at the door I pray even harder ( o.o)

Experience is the Best Teacher ✏📝📆

“Invest” 😂😂😂

The expected value calculation on this trade is horrible. Risking $20,000 to make $5,000?

Man here we are now. If he held he’d have a huge gain, the market has been crazy good this last 365

Just wait and past nov just pay interest to wait and sell When it comes back up

I am the other way around. I get my paychecks and I invest first, thinking I will make a profit off say SHOP and AMZN because they split and now I am in a slight hole. I still have $2k in cc debt I have to pay off. Luckily, I have not been charge interest yet when it carries over into the next statement period.

He didn't have any risk management set in place. Building success off this is doable if you have the discipline and patience. Id start small and scale up as I grow more consistent.

Been there, done that. Stocks never go the way you think it would. It is really gambling. My advice is to either cash it out and take the money and pay what is left. Other option would be to transfer to another 0% interest credit card if you have that option. This all depends on how long you want to wait but remember every time you transfer there is 3-5% fees and they will add up.

I think we all know best until we don’t. I thought I was the new oracle of trading until I took a huge haircut on options. Good news is, lesson was learned. Now I invest in mutual funds and have no debt. You will recover Rick!

I've did exactly what this guy did on a smaller scale, used credit to buy product for flip sale but ended up not even going half even. So now I got some debt, but now have a solid full time and part time gig, putting my head down, understanding that you live in learn, should be back out of debt on baby step 2 in 3-4 months 🙏🏿

Should have done put option contracts. But if it was me I never would have used OPM to invest. Use your own money and take some classes and learn how to read technical charts. The SPY is going down not up. If he knew technicals, he would have seen that at the end of 2021. It’s still got room to fall more.

If he held it he would have got his money back and then some stocks just hit all time highs again 😮

“A lot of bad decisions made here.” 😂

Never heard a rich individual say: Take a line of credit to invest in the stock market... 🤨

I'd wait, but be focused on saving a bunch of money in the next year so hopefully cover it if I had to. Most likely it would go back up by then but who knows.

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

@bobbymainz1160

Жыл бұрын

Unfortunately, most people don't get this, the majority is after chasing tops/bottoms where they fail & get out of the game. Risk management is the key.

@Mr_Fairdale

Жыл бұрын

“Never lose money” -Warren Buffet

@adoe2305

Жыл бұрын

Deep. I haven't heard it put like that before.

That’s called trying to catch a falling knife. 🔪

@Pro-habits

Жыл бұрын

It always cuts you 😂

@stevenporter863

Жыл бұрын

😅😅😅

Never borrow what you can’t afford….

Good to have a long time to not do the same mistake again. Learn well and that lesson can save you enough to retire on.

Slow & steady wins the race. "Slow" as in 40 years of buying a small amount with each paycheck into various funds. Reward comes when you're 60 years old. Start at 20 yrs old.

It WILL go back up next year oct, just chill

Let it ride

Today I came here to hear the smashing noise of dave to say what nuckle head. Follow the formula man....

Buy the dip!

Keep the index funds because they will eventually come back if they are worth anything and get a second job to pay off CC

S&P drops to 3,000 and I'll be very tempted to buy on margin. Personally if I was him I would hold the ETF and pay off the cc as quick as possible from over time or side jobs.

@souschef4489

Жыл бұрын

That’s what I was thinking

@July.4.1776

Жыл бұрын

🤞

@JohnSmith-gy8rc

Жыл бұрын

Still very risky - some think the S&P is going to 1800.

@souschef4489

Жыл бұрын

@@JohnSmith-gy8rc that would be crazy

@jimhandler1129

Жыл бұрын

@@JohnSmith-gy8rc It will always come back.

Get Rich Quick. Soooo ... "three to five grand" ... is ... "getting rich" these days?

@lydialukes522

Жыл бұрын

When you make $35k a year getting $3-5k all at once would be a huge paycheck.

@fsmoura

Жыл бұрын

57% of the people don't have $500 in cash in savings, so yeah . . .

Ramsey laugh’s 😂 like Chucky!

the way dave ramsey says “sooo”. 😂

If it's too good to be true it usually is. i learned that the hard way twice.

It went up.

Everytime you set your self up to get rich quick you can have your head taken off! 💯

My first thought was, "What an idiot!" Then that ended up being my 2nd, 3rd, and 4th thoughts too.

See it through at this point

That is gambling; not investing.

@OTOWN2STOCKTOWN

Жыл бұрын

Line between always not so clear

You better hold cuz..

Buy more Cheers from west Africa 🦅

People that have no idea what they're doing should never do something like this. People that know what they're doing can. Also, he could write covered calls against the position to start pulling some of that money back out while he's waiting. But again, you have to know what you're doing.

I’m not a religious person by any means but through Dave I say that proverb with him every time. He’s got it engraved in my head.

@eeebee6166

Жыл бұрын

You don’t need to be religious to find wisdom in religious texts.

@user-mf4gz3sp1q

2 ай бұрын

...a diamond is a diamond even if it's buried under a dung pile...

My way out of this would probably be: Work out how much I could save from my income before October. If this is say 8k, then I’d immediately cash out 12k of stock and pay it towards the credit card, then use income to clear the remaining credit card debt before the interest kicks in.

Only issue with working a delivery gig right now is you're spending $600+ in gas. Get a remote online gig for more money and save that gas money.

Bad choices… at this point ride it out and hope.

I had a lender try to coerce me into refinancing and cashing out equity to put into stocks. Couldn’t convince him it isn’t a wise decision.

@jrwntctv8091

Жыл бұрын

Why were you trying to convince him? Just say NO.

@jrwntctv8091

Жыл бұрын

@Day Sounds like he was wasting his time.

1:05 😂

He bought when stocks were on sale. He didn't know that they would go on sale even more. A cautionary tale for those who like to use this strategy.

@juanmartinez-ts2bg

Жыл бұрын

Nothing wrong with Buying the dips, just as long as you don’t use borrowed money

@spankynater4242

Жыл бұрын

@@juanmartinez-ts2bg exactly

That moment of silence

Keep it. You don't lose until you sell. Dave is wrong. DO NOT SELL.

@fsmoura

Жыл бұрын

Exactly, that's how I avoided any losses on my Enron position.

@blingman78

9 ай бұрын

Exactly, I still have my Nortel and Bre-X stocks.

If you have until next October, start paying as much as you can, work more to pay more. It will likely go up by NEXT October. If you're talking about October 2022 than I would start paying it back sell on an upswing and try to make up the difference.

@DoctorSmartyPants

Жыл бұрын

Yeah, caller said NEXT October. Dave and George made it sound like this October

You Ramsey you love debter haha

Ride it out, but don't do it again.

I would hold. What was your strategy going to be with respect to downside ? You must've considered the possibility.. If you haven't considered downside, then that was just gambling. Otherwise why should the strategy change just because downside materializes ? I'd cover / move the balance once it's due, and keep managing the position until satisfied.

@JC-sh6im

Жыл бұрын

I've done the same and many times and for a long time. Been doing this since 2020, and am fine. Lessons were learned and mistakes were made, but "as soon as you get downside, realize losses and quit" was not one of them, not with respectable securities or broad indexes. Have a realistic plan and reasonable position, and stick with it.

@wololo4761

Жыл бұрын

@@JC-sh6im With all due respect, "since 2020" is not "for a long time". Not in investor terms.

@JC-sh6im

Жыл бұрын

​@@wololo4761 granted and noted. Yet, that's a lot more than this guy, and I don't just talk the talk, I've experienced it in practical terms. Also, I am specifically not an investor, I do not want that term applied to me ; you could say I'm an anti-investor, a speculator. "Taking a quick 3k profit" is not investing, that's speculation, that goes for this guy too, and there is nothing wrong with that, there might just be somewhat more work and risk to this than he originally anticipated. Furthermore, if you apply longer-term logic to this - then it makes all the more sense - if you "invested" at the height of past pre-crash peaks, you'd still be way in the green, so all the more yay for this guy, including by the "investor" logic.

@JC-sh6im

Жыл бұрын

By the way, I would not necessarily recommend it, it's not for everyone. It can be done, but it takes time, work, patience, math, and some kind of consistent longer-term plan, and oh there is risk and a whole variety of outcomes. This guy went into it without much of this, didn't consider "what if this downside happens", and here we are. Dave is right on this point - this guy thought he was signing up for a whole different game - and I'm not convinced he is up for the real one, is willing to, and have what it takes.

@JC-sh6im

Жыл бұрын

But his problem is not with debt - it's the rest of it - he had the right idea, he just misjudged the casino. Oh and by the way there are costs and taxes to consider too - if we go by the "3k" figure - a good chunk of whatever comes out, if any, will be gone to costs / taxes.

Hope he stay market is at all time high.

dave is valuable based on how smart he is. but george is my favorite copilot. like rachel too

Just pay it off by working more. Stock will go back up by time your 30.

@OTOWN2STOCKTOWN

Жыл бұрын

Do like El Salvador, stock dips, buy even more!