You Lost $1,000,000, Debbie!

[@StasTalksStocks]

The lack of financial education in the US is nuts.

[@robhaynes4695]

Well said sir!

[@hastycontemplation]

Poor parenting

[@katiejon17]

It’s a choice. My financial education has been free - KZbin 🤷‍♀️

[@orphanedhanyou]

Don't think so. People are told the truth every day but continually ignore it.

[@angeluceta5688]

@@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]

The silence after “you lost a million dollars” is all you need to hear.

[@theflightsimulationexperie6894]

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]

How does one hear silence?

[@LaCrux]

@@JustinCase780 What did you hear when Dave paused in that moment?

[@JustinCase780]

@@LaCrux Should we all break into song with "The Sound of Silence"? 🤣🤣 And, watch The Graduate 🤣

[@atdepaulis]

😳

[@TheJamesHayesShow42]

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]

It's only a loss if you have paper hands and you sell.

[@Bibleguy89-uu3nr]

Crazy how little people understand Simple investing.

[@joshuab1707]

My heart dropped for Debbie when he broke down the fact she lost $1 million, not $59k

[@Matt-ny1ue]

They are absolutely roasting paper hands Debbie and im here for it 😂😂

[@davidhudson3001]

@@ericalorraine7943 Look up Priscilla Dearmin-Turner, she's the real investment prodigy and has also handled my trades

[@ayubamaikyau7298]

Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.

[@lezliewhicker8450]

A news host spoke so highly of💕 Priscilla Dearmin-Turner and her loss prevention strategies

[@dr.ervingalen1777]

@@davidhudson3001I just lookup her name and found her webpage, thanks🙏

[@investorwest8735]

I heard she always have a way of linking someone investment into something new and profitable?

[@jimhandler1129]

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]

just keep investing.

[@fuse911]

What fund?

[@jimhandler1129]

@@fuse911 VTSAX

[@BridgeStamford]

Id be out of that fund like a shot

[@wiseknowledgeworldA]

How do you even have records of this lol

[@musiclover7004]

I lost it when Dave said Little Debbies got a cake.

[@baconator1550]

Lol

[@rustyb78]

Thanks Dave! Little Debbie’s are made 10 minutes from my crib. Woot!

[@Lilbit2215]

🤣🤣🤣🤣🤣🤣🤣🤣

[@bobbyb7672]

😂😂😂

[@JoseRivera-oo8hr]

“Because we’re both in our mid 50’s” “Good lord” - Ramsy 😂😂

[@Big-Government-Is-The-Problem]

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

[@turtleanton6539]

​@@Big-Government-Is-The-Problemindeed😊

[@CroisMoi]

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]

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]

Does the mainstream media scare you?

[@jimroscovius]

@@kbanghart Mainstream media is always gloom & doom.

[@kbanghart]

@@jimroscovius not always. Also, what qualifies as "mainstream"?

[@jimroscovius]

@@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.

[@fhuber7507]

If you left your money in the mutual funds when they crashed, you'd be up, not down.

[@dancalmpeaceful3903]

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]

@@dancalmpeaceful3903 excellent! And what else is happening, are you helping others?

[@dancalmpeaceful3903]

@@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]

@@dancalmpeaceful3903 awesome

[@militaryhomes6292]

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]

My only thoughts right now is WOOOWHOOOOO MORE FOR LESS!

[@Neddie2k]

If you can’t watch your money go down just invest in real estate and don’t check house prices.

[@mikimuzika]

It’s not coming back up this time. The music is over

[@jpschlosser]

@@ellencox8415 Exactly: everything's on sale.

[@jrwntctv8091]

@@mikimuzika That's what they say every time. They said that in 2008 too...

[@arga400]

Lady be like "I know more about finances than the CFO!" Some folks can't be helped lol

[@Sheryl777]

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.

[@RGTFLA85]

Debbie better be ready to retire in Arkansas or Mississippi instead of California with her strategy.

[@McWrisk]

Even if I had $1.2M I’d rather retire in the middle of the country anyway…

[@pawelwisniewski6849]

More like Mexico

[@macforme]

@@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]

@@macforme All of this for $1,500 a month ? That’s awesome

[@kbanghart]

@@pawelwisniewski6849 exactly, so who cares if you buy an imported food LOL

[@kokoskokso]

Life goal: Don't be made an example for bad financial decisions by Dave Ramsey.

[@hollyb6885]

Words to live by, my friend. 😁

[@kokoskokso]

@@hollyb6885 💪💪🤣🤣🤣

[@barnoluk9272]

I’m afraid I don’t have the capacity to make that promise😂

[@davel3616]

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.

[@greyhigg7300]

Maybe there is a reason he is the CFO and not Debbie......

[@jpschlosser]

Debbie will not take advice from her company's Chief FINANCIAL Officer... SMH...

[@kaeserd]

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.

[@edwardkowalski8125]

And Debbie is driving off a bridge thanks Dave!! 😂😂😂

[@jewfroismymotto]

I just found a whole new respect for Dave!

[@Bob-yh7ir]

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.

[@masonb.newkirk3266]

This gets funnier every single time they say "Debbie".

[@ororomonroe8022]

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.

[@untouchable360x]

"Scared money is dead money."

[@jimhouser2556]

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]

I watched that documentary and it’s so frustrating. It’s like they picked the dumbest people on the planet to profile.

[@luminous6969]

Ya blew it Debbie, way to go and totally blow it DEBBIE.

[@JerryStevens]

I hear radio commercials pushing annuities scaring people saying people lost their retirement in 2008 if they were in stocks. Only if they sold.

[@waybogus]

This was absolutely painful to hear.

[@dancalmpeaceful3903]

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....

[@kiddrummeremac96]

“You’re being a Debbie downer” was great😂

[@IgoOutlateAtnight]

"I'm downing Debbie..." at 3:09...easy there Dave!!!! Easy Brother!!!

[@IgoOutlateAtnight]

@@PablitaPicasita youre pretty sick chubbs...

[@MrSkyline350gt]

Main take away from this video: Figuring out what mutual fund Dave was talking about at the end. 😂

[@Krajesky]

Could be AIVSX

[@paulharsh78]

Just use an etf like VTI

[@rnt45t1]

He couldn't tell you. His advice is no where near accurate.

[@SPY_0-DTE]

@@paulharsh78 that's what I do

[@jakewaterman6608]

@@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.

[@boredoreos]

I'm so glad I put 500k in mutual funds in 2008, instead of paying off my house.

[@jacksonbilly9979]

No you didn't

[@leemp337]

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).

[@littleripper312]

Why is this not taught in grade school? There should be no adult that doesn't understand very basic investing.

[@forrestaustin7050]

If most adults don't understand it how can it be taught ?

[@Kwameking1]

Thanks Dave for bringing Us back to reality.

[@hollybardoe4075]

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.

[@JoelAper]

Kamels face when he dropped the Debbie downer joke 😂 3:08

[@MassiveJetGrind]

It blows my mind that people sell anything at a loss.

[@dancalmpeaceful3903]

Tell that to my DOLT parents who panicked.....they never recovered financially....

[@kbanghart]

@@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]

I will be buy more shares at cheap price.

[@dancalmpeaceful3903]

@@bstafford112 You should....it dropped even lower this past Friday. I just sent some money off myself...

[@djpuplex]

Buy high sell low.

[@MonsieurBlain]

When he says "OUCH" 😂😂😂

[@amyx231]

My dad did exactly this. Pulled it all out at the bottom and…cash for a decade. Yikes.

[@brad9092]

Come on, Deb! The boss is not always the boogey man!

[@TimeisUp22]

“Scared money dont make no money”

[@YanilleCastillo]

What I take is don’t get off the roller coaster early

[@damemethief]

She legitimately fumbled the bag 😭😭😭 crazy af

[@genglandoh]

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.

[@annarichter6196]

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.

[@HONDA87200X]

Bottom line …. Don’t be Debbie 🤷‍♂️🤣

[@THAOpeacockcichlids]

Debbie lost the biggest investment of her life

[@cutehumor]

Love getting a sale on stocks plus dividends are reinvested quarterly.

[@chrisg723]

Dividends, another financial wonder of the world!

[@tortoisehead30]

People that panic miss out on all those dividends!

[@karihosny9420]

The Arc innovation maybe be the exception to this rule.

[@MaTT.95]

'Elon Musk Buying The World' 🤣🤣

[@johnkeeler5]

I can’t believe there are people like this out there 🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️

[@lorieidemanis8212]

December 2023: stock market all time HIGH. Guess "Biden' didnt screw things up after all. . .

[@sandrag4566]

Right? Dave has to get political

[@runningdebate2670]

She's from California, that says enough.

[@dancalmpeaceful3903]

That's what I said...that should tell you EVERYTHING anyone needs to know about Debbie.....

[@wadeharris348]

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.

[@patty109109]

Deb already made a mistake she cannot recover from and by staying in cash is making it worse.

[@kbanghart]

Good thing you can't take money with you when you die

[@carloszarate2471]

I like this dude. I think he’s the best Dave jr out of all the younger guys

[@winchesterhollow2899]

Not only will she not listen to this advice, she will likely stop listening to the show altogether lol

[@dancalmpeaceful3903]

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.

[@sportslad9769]

Anyone know which mutual fund dave was referencing at the end?

[@dougsmith3821]

I know some people that heavily invested in 2008. Sold what they could live without and invested in a few of the banks that the govt was backing, and now live quite well off. Idk what the guys got in his act. Not my business, but I know he's very well off.

[@paulinoaz]

That "Ouch!" at 3:04 says it all

[@erikamiller6839]

I would've loved to hear Debbie's response to Dave's answer.

[@FranciscoGarcia-bf5rp]

The mutual fund Dave’s referring to is The Investment Company of America by American Funds.

[@jimroscovius]

Our investments made 24.5% in 2020. We made 11.5% in 2021. You lost a lot, Debbie!!

[@catzee4720]

Did you give those gains back this year tho? Not in agreement with Debbie, but just askin?

[@HK-ds4vm]

How about 2022 buddy? Short run means nothing. Come back to this comment in 20 years

[@zone453]

Me being 20 years old, I have around 1k in mutual funds currently. Will be adding $500 monthly from now on. From what I do know about stocks it's ok to be risky while you're young and have a lot of working years left correct?

[@TheThegtrain]

Investing in mutual funds that prioritize growth and are more risky is a smart idea. I’m also invested in retirement mutual funds that have a specific year of retirement, e.g 2060 that will become less risky as we get closer to that year.

[@YanilleCastillo]

I think the answer is correct..

[@thebestthingthatneverhappe6729]

I have 401k, roth ira, HSA, and an account for daytrading... take calculated risks, don't be careless with money just because you are young and have time to recover

[@adamseidel9780]

Stocks and mutual funds are safe regardless of your age. If you need to spend the money in the account within the next maybe 2-5 years, then you can consider divesting into a mixture.

[@dancalmpeaceful3903]

ABSOLUTELY - keep it up - NOW that you are young...NOW is the time to gorge those funds until they burst. You have plenty of time to ride out the ups...and downs. I have son going full bore right now.

[@PInk77W1]

I’m 61 Debt free including my home. I have $42k in the bank I have no clue how to invest it in the S&P 500 ?

[@Sheryl777]

There is so much good information on the internet about how to do all of that. Just start researching by watching videos on the subject, and also going to google and doing searches on the subject. Maybe some other people in the comments section may have better ideas for you too.

[@charlieverges337]

Just open a robinhood account and buy VOO shares

[@megalodon1726]

Search for "S & P 500 index funds", and "S&P 500 ETFs", open a brokerage account with a reputable firm, put money in the account, then from there you can buy into an S&P 500 fund. You could also open a Roth IRA for tax-free growth, but you'd be limited to putting $7000/year into it ($6000 for people under 50).

[@andrewbrown9308]

Is there a way to bet on if Debbie is real?

[@mannyjeanpierre4062]

You invest with a company but dont trust the CFO...

[@mph5896]

Great time to get back on the roller coaster was 2009. Debbie missed out on a great run up. Now 5/4/22, is that a good time to jump back on after off for 10+ years??? I personally don't think so. 😘

[@johndone8045]

Its like go ALL IN at the bottom time, like now, go tesla / amazon, go

[@aolvaar8792]

I bought a $50K foreclosure in 2010. now $425K

[@ThesGt]

lol of course its good to get in right now, its down, thats when you want to get in, not when its up

[@penguin12902]

I'm here from 1 year in the future to tell you that you were incredibly wrong. S&P Index fund is up 25% from one year ago when you posted this. The best time to buy into the market was 20 years ago. The next best time is now.

[@mph5896]

@@penguin12902 come back in a year, I may still be wrong or I could be right.

[@jasonhutchens4420]

Buy the dip!!!!!

[@darkshadow955]

The dip is now!!! :O

[@jasonhutchens4420]

@@darkshadow955 - Exactly!

[@juanmartinez-ts2bg]

The Dip is another 28 percent deeper

[@jasonhutchens4420]

@@juanmartinez-ts2bg Being able to buy and ride out short term volatility is what really grows a brokerage account.

[@HendayAllStar]

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

[@mattobrien3712]

They're not even including dividend reinvestment - she lost even more.

[@jasonbroom7147]

Dollar-cost averaging and compound interest...the only two things you need to understand about investing.

[@jefferykeeper9034]

But you can't ever replace what has been LOST !!!

[@TheMechanicj]

My mom did the same thing pulled it all out in 2008 had over 100k and she blew it On a car and house remodeling now she has no retirement and still don’t have a house paid off ugh

[@TheMechanicj]

I had like 40000 after the fall and now it’s 250k or so ugh and my house is paid off and I’m 40

[@dancalmpeaceful3903]

Yup....parents can be stupid. Mine did something similar......

[@hastycontemplation]

Debbie never really said how much she took out in 2008

[@jude1245]

Stock market is the exact opposite of a casino. You always win. Almost impossible to lose everything unless you’re freaking out and dumping stuff. I had a teacher who was a really smart good guy but he had his kids college funds in single stocks and he day traded them, and I was like dude just throw that in a mutual fund and let it sit.

[@kennysiegler3497]

Everything is the end of the world guys, always remember that

[@markroberts8975]

Dave in 2022: “The Dow is down, Biden could screw up Christmas.” Dave in 2024: “The Dow is at all time highs, presidents don’t have much effect on the Dow.” Republicans are so disingenuous.

[@little_thebodyguard3032]

Exactly!! Smh

[@jacobroberts1928]

People just use the “2008” as an excuse. I hear it all the time.

[@dancalmpeaceful3903]

Prior to that, it was Black Tuesday in the mid-80's....prior to THAT, it was the Great Depression....

[@jimhandler1129]

@@dancalmpeaceful3903 Or Black Monday in 1987

[@craig2012]

You’re being a Debby Downer. Lol

[@brianoleson9224]

dave ramsey is a very smart man he knows when things are about to tank and he will never tell you if its coming up so just take that with a grain of salt

[@crzyruskie86]

Even if it tanks you don't liquidate your retirement because "your scared". You shouldn't even be investing if you're going to be emotional.

[@crzyruskie86]

You're

[@chookchack]

Dollar cost averaging should be thought in preschool.

[@dericanslum1696]

...maybe they should even teach it...

[@windsongshf]

Debbie suddenly is having a very bad day right now.

[@FugaConManolo]

Best thing to do right now is increase your contribution.

[@richardm5540]

I like to know which mutual funds Are making 12%?

[@Sheryl777]

@@thegreatcoward Thanks George for that info!

[@angelmyers869]

"Good Lord!" Lol

[@ywamdan408]

wow George that pun was phenomenal

[@michaelwoods4495]

And this is a good time to get back in. Stocks are on sale!

[@jorgealmeyda5222]

Good old Debbie makes me feel good about myself. Ouch!

[@flippatheshippa]

Got it Dave I’m going all in on spy call options expiring tomorrow

[@ihaveadreamformykids4400]

Do not sell. Just keep investing and also diversify your eggs.

[@WhatComesHere]

Watching this 2 years later, in 2024. Market is at an all-time high right now.

[@rexmundi273]

Cash doesn't crash, the S&P 500 does.

[@Lineside]

Cash is crashing every day! 🤣😂

[@crd9551]

Dave needs to show us exactly what his mutual funds look like in a whole other segment.

[@jimmycrackcorn99]

In retrospect Dave's Biden-bashing looks really stupid.

[@little_thebodyguard3032]

Really really stupid

[@bobsmiley06]

What is the ticker of the mutual fund they are talking about at the end

[@cinemacola6398]

I need to start investing.

[@brooke86]

@@_____________888 yes! Something is always better than nothing. I’ll have my car paid off in a couple weeks and I automatically have it set up to have the payments put in a tax free savings account instead. 🇨🇦