He's Going To Lose It All

[@BraddPaisley]

I don’t actually discuss investing with family.

[@BendyChoy]

Same here The only conversation about money I have with them is them asking me for money.

[@RaphaelSafr]

He doesn’t need to make such mistakes !!!

[@BarbaraPearson55]

the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times, while orders tend to avoid them. Well, at least my advisor does too.

[@cherylhills3227]

How do I find a good finance advisor? How do you know if they are trustworthy and competent.

[@BarbaraPearson55]

I started out with Nora Jean Erickson great advisor. I got very lucky to have found her especially after my marriage crisis & consider her a good friend now.

[@sirheisenberg4459]

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[@NorthCarolinaForward]

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.

[@belobelonce35]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to over $750k.

[@brantheeskimo]

I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

[@PennyBernadette]

Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

[@JohnSimpson-r5d]

@@belobelonce35beware of KZbin-recommended advisors. You have been warned.

[@cyoohoos]

Maybe it's me.... but I have never discussed investing, net worth, etc. with relatives.

[@BISOBOKA50B]

You ought to because in one or two ways your shielding from it will one day catch up with you.

[@cesaravegah3787]

I ocasionally talk about interest rates and bank services with my father and siblings, none of us knows what the others have.

[@benjaminhough8804]

I’ve discussed it, but I only disclose what I want and really don’t listen to what I don’t want to listen to.

[@christiS907]

We do somewhat actually.

[@GAFB1122]

Every situation is different. I do many of my relative's taxes so as a result, I know about their finances, and they discuss various personal financial and tax related issues with me. Then again, numbers are what I do. My uncle who I do his taxes is a mechanic. I know very little about the workings of the internal combustion engine so when I need mechanical advice I go to him.

[@ehansish]

“Those convinced against their will are of the same opinion still.”

[@sdm1568]

"Wippty woo, dippy doo"

[@Zach_Lechevalier]

My father did a similar type of lending for a while. He was lending money to people in the real-estate market that would buy, remodel and flip for profit. It all seemed ok on paper but the amount of people that would not pay the loan back on time was a huge headache. There were multiple deals that my father wasted a lot of his time just to get his money back and break even.

[@mirchimome]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Grace Miller.

[@DianaLinden-l6q]

The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.

[@henrybernhard0]

I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

[@masterotrunks]

I'm new at this, please how can I reach her?

[@ReuletRikki]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@mirchimome]

she's mostly on TikToks, using the user name

[@stephengamber7000]

"It's loaning money to people no one else will loan money to"

[@peterrose5373]

Credit card companies will.

[@TonyCox1351]

@@peterrose5373credit card companies either won’t lend to these people, or they’ll lend to them at such a high interest rate that it proves Dave’s point. No one goes to “peer lending” for their first attempt at a loan, its a last result after being turned down multiple times

[@JuanHernandez-mq8ui]

@@peterrose5373because they have legal action clause’s

[@carolynmesser7199]

Just studying this subject in my Bible study today , schemes never work only working hard works and save

[@carolynmesser7199]

Look in proverbs

[@JoeRNNE1]

Other adults have the right to do stupid things. All you can do is try your best to be helpful, while still accepting that they may well ignore your advice.

[@Robodude212]

this is mostly true and pragmatic, but there *is* potential mutual benefit w\ friends\family if it's not too much effort to help them make better financial decisions and in turn receive generosity in the future

[@Userr7.77]

Wealth from get-rich-quick schemes quickly disappears; wealth from hard work grows over time. (‭‭‭Proverbs‬ ‭13‬‬:‭11‬ ‭NLT‬‬)

[@superjtrdr]

good advice that comes with wisdom

[@JakubVacek42]

I don't think the "look I googled that so I know more than you" tactic will scare him away. The exact opposite actually, he will try to prove you wrong so he will go even harder at it.

[@FortuneSeek3rz]

Great advice Dave!

[@MichaelAnderson-wk1no]

Who cares? Not your problem. Let him manage his finances how he wants and you do you. If he asks for your opinion, tell him you don't think it's the strategy for you and drop it there.

[@StonedApe985]

No. I need to save him.

[@sitcomchristian6886]

He asked for BIL's opinion.

[@Sheryl777]

@@sitcomchristian6886 👍

[@HanSDevX]

I know someone who is peer 2 peer lending, dumbass dude lending money to broke people just because of interest. Is this shit even legal?

[@lolwtnick4362]

it's perfectly legal

[@Jm-Gonz]

You can write up a contract for just about anything, but doesn’t mean that they are going to,pay back the loan

[@adamseidel9780]

“I found an algorithm to pick lotto tickets” Ok, there was that ONE GUY who actually did that though.

[@Jm-Gonz]

Peer to peer lending is like musical chairs, someone is going to,loose everything, and the reality is most are going to end up with nothing, and a couple of the con men in the group are going to scam the rest and then disappear

[@mominthe209]

Numbers don’t lie. Ask the relative for more info, like you’re interested in it. Get the figures of profit and loss (when deadbeats don’t pay) where you get the money to start, your payback if borrowing and set down with him. Let the numbers speak for themselves and it likely will be bad. If he continues on, then it’s on him. Math doesn’t care about your wishes and dreams. Math deals only with facts.

[@sitcomchristian6886]

Number don't lie, but they can be misleading in the wrong person's sales pitch.

[@mominthe209]

@@sitcomchristian6886 I’ve noticed that people rarely present a legitimate P&L without a properly signed NDA. It cuts down on abuse. So many sales pitches are verbal.

[@peterrose5373]

Well, before trying to and get them to change their minds, it's often helpful to make sure you're right. I dong see that there's any wrong with peer to peer lending in principle, although I'd want to investigate any particular implementation pretty carefully, and I certainly wouldn't want a large fraction of my money invested that way. The problem I see is the the guy is borrowing in order to play at it. Of course a body might also have moral objections, because the people who are most successful at lending money to to desperate and stupid are generally not the sort of people one wants to associate with.

[@xlerb2286]

I've looked at peer to peer lending and I've thought about putting a little money I assume would be lost into it just to see what happens. But the whole thing just seems a little sus.

[@Eric-oj5sj]

Nothing wrong with peer to peer lending, the returns are meh and the risk is low.

[@LeviRobinson270]

Success is dependent on the action or steps you take to achieve it.. show me a man who doesn't have an investment and I will tell you how soon he'll go broke .. investment is building a safe heaven for the future. with the right choice of investment that has at least 1% minimum risk and with an expert guidance profit and interest is 100% guaranteed.

[@Sggdgff]

Assets that can make one successful in life

[@Sggdgff]

I. Forex 2.Stocks 3.Shares

[@Naziru504]

​@@SggdgffYou are right.

[@Naziru504]

But I don't know why people remain poor due to ignorance

[@Naziru504]

The world is gradually moving out of the I work for my boss era, and people who choose to be entrepreneurs are highly securing a brighter future for themselves..

[@OlgaSunny-pl2sg]

Thats how I did it and lost my butt funniest line I ever heard 😅😅😅

[@Sheryl777]

It wasn't funny to Dave at the time he went broke though. Far from it.

[@OlgaSunny-pl2sg]

@@Sheryl777 it’s not easy for anyone specially going through life hurdles but he kept his sense of humor and was an optimist and God provided just like he always does.

[@Sheryl777]

@@OlgaSunny-pl2sg Yes I agree, and Dave also (on top of all that) realized his mistakes and changed his money ways/habits.

[@OlgaSunny-pl2sg]

@@Sheryl777 god always puts his chosen ones through trials and tribulations. All the people who later succeeded always went through the hardest roads. Sometimes you want things to be easier and simpler but gods ways are mysterious but you conquer all that. He gives us patience and strength to persevere and withstand against difficulties life has to offer.

[@Sheryl777]

@@OlgaSunny-pl2sg While I agree with everything you said except the one part where only His chosen ones go through trials and tribulations (because all of us do), I also think that people who went through difficult times as Dave did, sometimes have to change the way they have been doing things if they realize (as Dave finally did) that the way he'd been doing things only ended up getting him into financial trouble. I feel that you can understand what I'm saying about that and hopefully agree too.

[@2411Mal]

Let him make his mistakes.

[@DrMuffins354]

Someone will get rich quick. It just won’t be you 😂

[@BISOBOKA50B]

Yes, talking data, talking research presenting it him from an informed point of view can work.don’t forget to also secretly pray for him

[@ExposeFlyersDotCom]

It must be in a crypto exchange, everytime I hear about peer to peer lending it always involves crypto.

[@thomasdalton1508]

I think the first step is going to be to listen. Get him to explain what this investment really is and listen properly to it. Understand why he thinks it is a good idea. Be open to the possibility that he's right (I think the caller said at about 3:00 that he was borrowing to invest in it - that's very unlikely to be a good idea, but investing money you can afford to lose in it might not be a bad idea). If he's interested in p2p lending but seems to be excited about a scam version of it that is making ridiculous claims, then point him towards a legitimate platform that makes realistic claims (ie. returns slightly above what you would get from a savings account).

[@1timothydillon]

The Richest Man in Babylon, fifth of the five laws of gold, 5. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.

[@emilyamelia117]

Glory!!! After so much struggles I now own a new house with an influx of $155,000.00 every month God has kept to his words, my family is happy again everything is finally falling into place. God bless America.

[@leonm.rivero4296]

I'm inspired. Please spill some sugar about the bi-weekly stuff you mentioned.

[@robertjames5935]

It's Christina Ann Tucker doing she changed my life. A BROKER- like her is what you need.

[@fredfizz4818]

I raised 75k and Christina Ann Tucker is to be thanked. I got my self my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her. Christina A. Tucker is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!!!

[@ginahon5417]

Wow 😱 I know her too Miss Christina Ann Tucker is a remarkable individual who has brought immense positivity and inspiration into my life.

[@tonyatrejo2926]

I started with a miserly $1500. The results have been mind blowing I must say TBH

[@OlgaSunny-pl2sg]

Ok joke aside I see many people who like Dave says work their butt off but are barely in a surviving mode because working two minimum wage jobs is not sufficient enough to sustain a family specifically when there are kids involved. Many of them do want to go to college get degrees to better their way of life but as a breadwinners and family being dependent on them they struggle in life. This is real life cases I see daily.

[@OlgaSunny-pl2sg]

@@silentnot4812well we can’t make that decision for people. If you look at the statistics the numbers of such cases on a rise. Many men that I talked to had a child when they were very young I am not there to tell them how to live their life .

[@TonyCox1351]

What better advice would you give than “work your butt off”? You can’t tell people to get luckier. You can’t really tell people to become smarter. Working hard isn’t a sure thing but it’s pretty much the only thing that is 100% in your control. Anyone you know who is struggling, will struggle even harder if they work less

[@Chet_24]

Less than 3% of the public works on minimum wage. Get out of here with that garbage scenario .

[@OlgaSunny-pl2sg]

@@TonyCox1351 we became dual income society one income household no longer able to meet their ends meet. I am not advocating for working less .

[@OlgaSunny-pl2sg]

@@Chet_24 are you describing yourself with your garbage mouth? There is no need to be ruthless and insult others.

[@tonypalombinijr2946]

Great advice from Dave, but he had to slip in the Bitcoin crack. Dave and his people simply don’t understand Bitcoin. For example, he keeps saying it’s a get rich quick scheme. My timeline for seeing a significant payoff in BTC is 10 years, hardly a get rich quick scheme. What he also fails to account for is the changing dynamics of the economy. Too much to get into here, but his precious mutual funds are losing money if they’re not returning an annual average of at least 14%.

[@TonyCox1351]

Investing a high volatility asset because you think you’ll 10X your returns in 10 years absolutely trying to get rich quick in my book

[@tonypalombinijr2946]

@@TonyCox1351 Never said anything about 10X. As for 10 years, have you ever known anyone to buy a house and sell it in 10 years or so with a big profit? Was that get rich quick? In any case, we'll agree to disagree. I'm just waiting for Dave and all the anti-crypto types to explain to everyone that has been making an absolute killing in crypto over the past 5 or so years where we've all gone wrong. I'll put my gains in that sector up against his, mutual funds any day of the week. The key is to take profits along the way and not get greedy. Greed will kill you in any investment, not just crypto.

[@AnnaPillard]

Thank you for your attention to detail and high quality. Your videos are always impressive.🎂🔻✨

[@ladyraddxjbs5893]

I gotta find the secret sauce to becoming well off cause right now I keep spending most of what make

[@cato451]

There really is a sucker born every minute.

[@thewheeldeal8439]

maybe dave could research p2p lending and then give advice on it? rather than just his knee-jerk reactions?

[@jimmymcgill6778]

And the problem? p2p lending is a legit business. All the hosts thinks everything is a get rich quick scam. What was this guys red flags?

[@dragonofparadise]

If it is risky don't expect Dave to approve it looks like. Risk can be carefully and sophisticatedly managed like a bank but you won't find risk management techniques here though.

[@thomasdalton1508]

If this guy is really excited about it, it sounds like it probably isn't legit p2p lending. The legit platforms just provide a return on investment perhaps a percentage point higher than a savings account. It's not something anyone is going to get excited about. Like all good investments, it's boring. And I think the caller said at about 3:00 that his brother-in-law was borrowing money to invest it in. Borrowing money to invest is usually a very bad idea (a mortgage on a rental property is the only margin investing most people should even be considering). I can't see why anyone would borrow money to invest in legit p2p lending - it just doesn't generate the returns required for that to even look like a good idea. If he's borrowing money to invest in it, someone is telling him he can get massive returns from it, which means it's not a legit platform.

[@jimmymcgill6778]

@@bgrl6422 SO

[@MrDan11422]

We are going tu. Hey David, we are sue you. Hey dave you are living in our hou😂.

[@Smurph789]

He’s gonna retire at 34? lol?

[@xlerb2286]

Yeah, not too likely. But it can happen. My cousin retired at about 37 and he only worked a few years in his life. He got in with a bunch of rich folk that thought he was the wisest man ever because as a councilor he told them: 1: You're responsible for your own actions, 2: Stop being a whiner, get off your duff, and work for what you want to happen. They threw money at him for such wise advice. Then he got sick of dealing with them, quit counseling, and took up painting. They found out about that and they all had to have some of his paintings. So they threw more money at him. After a couple years of that he got fed up again and just went dark. I haven't seen or heard from him in decades. He's my only living blood relative these days too, I'd like to find him to at least say hello.

[@PaulStewart28]

​@@xlerb2286Cool story

[@AvaRichardson-u1t]

The guy who exposed how to get rich in his book mysteriously died but nobody is talking about it.. Book is called Hidden Lodge Prosperity btw

[@strangeroamer3219]

And it just so happens that you're the only one that knows this esoteric information. 🤣

[@FishizzleBoy]

Scam

[@davidlaidon]

I received the book and I'm really satisfied with it. It's definitely not a scam.

[@FishizzleBoy]

Anyone who says it’s not a scam is a bot.

[@rickenbacker472]

"The secret to getting rich", LOL. Joker.

[@nationsnumber1chump]

Is investing in stocks greed?

[@netasedlak9454]

He's gonna lose it a-a-all! He's rolling in too de-e-eep...

[@Da_Baba_Yaga]

Plot twist, he’s the brother in law

[@joeriveracomedy]

Ok caller. Don't bother explaining your relationship while Dave spells it out for you.

[@TomEdwardi]

!!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated

[@ElizabethHansick]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@BensonTati]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

[@BensonTati]

Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.

[@TomEdwardi]

nice!! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?

[@BensonTati]

look up her name on the web for her website.

[@travisrhodes1068]

The hundred richest woman in the world all took shortcuts , they married the money and either stuck it out over the long haul or divorced the man and took 1/2 .

[@amireallythatgrumpy6508]

For some of them, there has never even been a man in the picture. By the way, in a divorce the court system usually keeps the money. It's very rare that the woman actually gets it. It's all a big scam.

[@gaelreyes3346]

Thoughts on buying tax liens

[@mazenbatshonph.d.5457]

Do not waste your time nobody listens

[@DavidWilliams-vc2ms]

😂 So you're telling me this caller wasted time waiting to get on the Ramsey show because he is worried about his family member risking their own money? Nah! I believe the caller is talking about himself. He just needs to confirm with Dave that this is a ridiculous game plan.

[@DavidWilliams-vc2ms]

@@JustinCase780 You make a great point!

[@adamseidel9780]

When I have somebody I care about being foolish, it is sensible to seek advice in how I may council them against it

[@AlienLeadership]

AVP 👽 We're...not peers / it's sooo not a loan / and you didn't get caught up n/ the guy lending is the one caught up in your bull 🐂 shit 💩 / nothing major

[@franksnow5165]

Hardly. They're not seeking a money hack, or the easy path. They're desperate for money amidst all the garbage about don't ask about pay, or you ought to be willing to work for free because the culture or the dignity of work. Why are businessmen shocked that people work for money? Amazed that people need to make money? All hard work & doing what you're supposed to gets you is cheated and hosed.

[@starrystarrynight6281]

I wish people would stop saying ummm. I loose track of what’s they’re trying to say.

[@TrazimDollare1982]

Ken got Chicken Noodle Soup for Lunch…

[@JustinCase780]

Yea, his go to Campbell's Chicken & Stars was sold out.

[@TrazimDollare1982]

@@JustinCase780 😂

[@JustinCase780]

​@@TrazimDollare1982The thumbnail "This is Dangerous" should be referring to Ken's SBD's in the studio.

[@TrazimDollare1982]

@@JustinCase780 Hahaha

[@TrazimDollare1982]

@@JustinCase780 That could very well be…Ken seems to be fired up and in a good mood today…That only means his Lunch was very good..

[@sidvish159]

stop talking crap about bitcoin!!! lol

[@MikeNapoli1989]

I think it’s a scam

[@danieljohnson4418]

Mind your own business, dude.

[@michaelgray1999]

You must've missed the part where he said his brother-in-law asked him about it

[@MichaelAnderson-wk1no]

​@@michaelgray1999But it sounds like the bro-in-law is looking for validation, not actual advice. Let him do what he wants, it's not this caller's job to change his mind.

[@michaelgray1999]

@@MichaelAnderson-wk1no I agree, but sounds like he's at least open to listening

[@frankscarborough1428]

Vote Trump Vance 2024😊. Kamala's husband Doug Emhauf is the principal shareholder of the Blackrock co. There's Lithium in NC and Blackrock just got a huge contract worth billions. Sure she's for the middle class.

[@georgeschindt1685]

Yes she is. I'll take Kamala Harris over brain damaged crooked Donnie anytime.

[@MrDan11422]

In my opinion you should be in prison. What you do should be illegal. You steal from the poor making them believe you will solve their money problems. Shame on you Dave! You claim to believe in God but you fail to comprehend how you won't be able to buy your way into heaven. What is wrong with your soul?