“You’re the Recipe of a Disaster”

[@LeslieBanfe]

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.

[@actuallyterry]

He heard nothing that Dave was saying

[@FA-pw1yg]

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]

One love!

[@FA-pw1yg]

@@jamaicastrong3368 One love

[@Joey-Cameltoe]

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

[@fauxbro1983]

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

[@stevenporter863]

Like catching a falling knife.

[@derekd1510]

Day trading is not investment, it is gambling.

[@YoutubeNeoconskeepcensoringme]

These phone calls are Fake!!!

[@angelamarie222]

@@derekd1510it really is

[@OopThereItIs77777]

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

[@peartfaldo]

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

[@o.p.4254]

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

[@dungeonmaster6292]

Ok boomer

[@o.p.4254]

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

[@user-mv9tt4st9k]

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]

​@@dungeonmaster6292What a clever little troll you are. 🙄

[@alinatamashevich3354]

@@dungeonmaster6292 OK Zoomer

[@Sizukun1]

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]

because day trading is gambling

[@sblijheid]

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]

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.

[@flotaylor8170]

💯 this was my thought exactly!

[@williamho7393]

Dave called him 'honey' 😅😅

[@joelmartinez2278]

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

[@alinatamashevich3354]

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

[@Ewalk.213]

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

[@triciamool8157]

yOu sUcK at DAyTrAdInG - yup pure Dave lol.

[@davidsensing2664]

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]

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

[@davidcox3076]

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

[@Tashas_Travels]

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

[@SidraAdele]

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

[@joshuacooperseo]

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

[@coolaunt516]

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

[@1timothydillon]

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

[@talyahr3302]

That's a good one.

[@RandomVids519]

“She told me im stupid, shes right”😂😂

[@Hiker2110]

Rachel's chuckle cracked me up 😂

[@Bread_n_Butter.]

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]

I think he's just dumb.

[@fauxbro1983]

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

[@user-wq5ws1qs7x]

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

[@sblijheid]

@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]

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

[@peternguyen1911]

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]

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?"

[@bille1954]

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]

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

[@Leftists_are_Losers]

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

[@amireallythatgrumpy6508]

He's smart enough to not want that job.

[@rhaythe]

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

[@marydiamond7099]

Dave has said he hates politics.

[@carmarasmussen8118]

Mom, don't give Dennis any money!! 😂

[@expectthabest951]

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

[@fsmoura]

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

[@Amandy36]

"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.]

😂😂🤣🤣

[@bellabobbybob3476]

😂😂I leaned some new English today, thank you

[@user-mv9tt4st9k]

​@@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. 🙄

[@thegenxgamerr]

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.

[@tucoramirez9729]

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

[@domingodelgado3944]

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.

[@richsanossian8675]

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

[@EGfocus33]

🎯

[@truthsayer9534]

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

[@ScottReedKC]

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

[@socku5850]

He been watching KZbin 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]

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

[@rebeccaoprea9917]

They always talk about the wins, never the losses.

[@chickencharlie4539]

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

[@kendrapratt2098]

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

[@BrianW211]

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

[@javaskull88]

Man never met a question he couldn’t dodge.

[@alinatamashevich3354]

Typical

[@aspinaki]

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

[@MrJimmy3459]

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

[@fsmoura]

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.

[@christinehopping5040]

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

[@Tank-vi2dv]

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

[@alinatamashevich3354]

Don't worry he will!

[@vicg3206]

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

[@genglandoh]

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]

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

[@genglandoh]

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

[@SRTBOAT]

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.

[@Currencywalk]

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

[@stevenwalton6405]

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

[@devpav9880]

What, Zoomers daytrading GME?

[@alinatamashevich3354]

@@devpav9880 Bitcoin! LoL.

[@kenreliableb18b]

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

[@user-mv9tt4st9k]

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.

[@phoneuse2012]

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

[@MillionaireHouseholdFinance]

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!

[@Tashas_Travels]

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

[@lolwtnick4362]

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.

[@ThomasFerrugia]

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.

[@bluejedi723]

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

[@reedlarsen5441]

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

[@johnc2438]

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!

[@bobbybrown870]

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

[@moistpeanut5986]

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

[@proper.role.model.819]

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]

Exactly!

[@knightfox4121]

“Honey” 😂😂

[@linuxsurfer2002]

3:58 Dave sums it up really well here.

[@just_the_noise_911]

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

[@YouSoCute2000]

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

[@tashanapink7688]

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

[@MikeBarbarossa]

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]

@@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]

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

[@Useruytrw]

THanks Call Screener for letting the caller in

[@sarsattacks]

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

[@curiouscat3384]

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.

[@Jlcdb71816]

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

[@Alexian9]

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

[@bernadofelix]

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]

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]

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.]

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.

[@vicade4112]

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

[@unclebenny]

6:16 Now we know why Dave hates gold.

[@kratostomatoes8587]

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

[@devpav9880]

lol, it's personal!

[@fsmoura]

lmfao

[@lockheedload]

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

[@alinatamashevich3354]

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

[@manueltriana4010]

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

[@untouchable360x]

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

[@fsmoura]

that's day trading

[@chazzkramer7676]

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! 😂

[@BarelyNoticedADD]

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.

[@cherylpeterson1]

STOP, my friend!!!! Run!

[@user-mv9tt4st9k]

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

[@hanney3194]

Awe Dave loves Dennis's mom

[@glenchatelain3067]

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

[@adamseidel9780]

Just wait up the IRS comes for their piece!

[@mrsaoallen1707]

Dave said buy a bear suit!! lol

[@joeriveracomedy]

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

[@fsmoura]

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

[@MichaelCorleone562]

Day trading? Came straight to the comments 😅

[@timkopp2204]

The markets are manipulated so much that there's really no way to know if the market is driving the price, or the manipulators are driving the price. If it's the latter, you can only get screwed.

[@elizabethallen4353]

Chihuly. Awesome glass artist.

[@rebeccaoprea9917]

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

[@LaylaMF]

🤣🤣🤣David just cured my depression 😅

[@ruthirwin8222]

Hes not stopping for sure

[@JCJourney]

that is called gambling addiction

[@WendyW7508]

What does it matter how much ' you were" up? If the end result is ur broke that's all that matters. Ur broke and lost ur money. If people turn around and put more in, then that's gambling and as another said, it quickly becomes a problem. It certainly is not investing.

[@curiouscat3384]

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!

[@marcenelj]

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

[@carojames6776]

Homelessness starts here .

[@arh1234]

Kudos to the wardrobe department - both looking snazzy 👍

[@bigdaddygoon828]

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

[@sblijheid]

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

[@markburnham7512]

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.

[@JonathanTheZombie]

8/10 lose money, and the other 2 will lose soon. Day trading is gambling. The house always wins.

[@josesoriano409]

Dave boosting me man😂😂

[@jimmymcgill6778]

You'd be better off putting it in an index, or buy good stocks, and hold them. You don't keep selling and buying everyday.

[@InceRumul]

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

[@MrTmenzo]

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

[@commonenglishmistakes4360]

Dave clearly forgot that when you're 20 years old you know everything. It's something that rarely happens again in life.

[@katysummer9418]

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

[@Freedomchild85]

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

[@fsmoura]

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

[@christopherpaige406]

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.

[@jermainebennett7473]

I couldn't finish listening to this. My brain started hurting

[@kratostomatoes8587]

5:30 No, I don't think Dennis has the capacity for long term planning.

[@dudeorduuude5211]

If he is living off 2/5 of his income, he does have the potential. But overriding that is his gambling addiction.

[@curiouscat3384]

He's young. Some of us have to live and learn from our mistakes. The frontal lobe (responsible for decision making and emotion control) does not fully mature until late 20's. Being able to see around the corner as Dr. Phil says.

[@sblijheid]

@curiouscat3384 Do Asians and people from other countries have different frontal lobes than Americans? They sure are quite mature by age 15.

[@kratostomatoes8587]

@@sblijheid Whatever you do, don't mention the mirror test and babies. 😂

[@curiouscat3384]

@@sblijheid How do you define maturity? Executive thinking which the frontal lobe is responsible for, is not just about being smart. Google it

[@patrickchilds5486]

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]

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.

[@ThreePuttBogeys88]

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

[@sblijheid]

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]

@@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.

[@smokinhalf]

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]

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]

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

[@damondiehl5637]

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

[@smokinhalf]

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

[@tambriamarsh6960]

Uncle Dave for president!