There’s Your Way, Your Husband’s Way, and the Ramsey Way

Поделиться
HTML-код
  • Опубликовано: 28 мар 2024
  • 💵 Create Your Free Budget! Sign up for EveryDollar ⮕ ter.li/6h2c45
    📱Download the Ramsey Network App ⮕ ter.li/ajeshj
    🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
    📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
    Explore More Shows from Ramsey Network:
    🎙️ The Ramsey Show ⮕ ter.li/ng9950
    🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
    🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
    💰 George Kamel ⮕ ter.li/1elws8
    💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
    💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
    📈 EntreLeadership ⮕ ter.li/ktxv2k
    Ramsey Solutions Privacy Policy
    www.ramseysolutions.com/compa...

Комментарии • 294

  • @kayn2756
    @kayn2756 4 месяца назад +26

    The husband is playing a dangerous game. If he is borrowing to invest, he can lose everything over night when things dip and there comes the margin call. 😢😢😢😢😢

    • @rickenbacker472
      @rickenbacker472 4 месяца назад +1

      The sad thing is I don't think the wife realises the danger he is putting them in.

    • @mathematician1234
      @mathematician1234 3 месяца назад

      Yes, it is dangerous. In theory, the margin call comes before the situation gets too terrible. In practice, however, sometimes an overnight move can wipe out the investor (as you suggest), though that is unusual.
      I did get a margin call once, 15 years ago, on a declining position, but it was for only $7 and some change. I met the call immediately, and then the position reversed course the next day and took off like a rocket. Event though that was a widely successful trade, I don't trade on margin any more, because I don't like debt.

  • @MrTmenzo
    @MrTmenzo 4 месяца назад +32

    "I'm all about the Ramsey way save save save!" Has car debt 😂

  • @hadenmcrainey4134
    @hadenmcrainey4134 4 месяца назад +45

    Pretty clear that that the caller doesn’t understand her home’s finances and Jade and Rachel don’t understand margin investing.

    • @jimroscovius
      @jimroscovius 4 месяца назад +11

      They don't need to understand it. You don't borrow money to invest. Period.

    • @stevenporter863
      @stevenporter863 4 месяца назад +1

      So, not knowing what you don't do is the way to go? I don't fly planes but I do know things that are man made fly. Thought these were so called money experts.

    • @hadenmcrainey4134
      @hadenmcrainey4134 4 месяца назад +12

      @@jimroscovius not my point. This is why Dave will probably struggle to leave the show. He would have known exactly what the caller was talking about and would have exploded. You can’t make a compelling argument against something you don’t understand.

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 4 месяца назад

      Nobody with an IQ above 3 uses the term "margin investing".

    • @jimroscovius
      @jimroscovius 4 месяца назад

      @@hadenmcrainey4134 If it involves borrowing money, there's nothing to understand. You don't do it. Period.

  • @BrianW211
    @BrianW211 4 месяца назад +22

    I knew a dozen coworkers that lost EVERYTHING in their portfolios in 2000, and 2009 because of margin calls on their margin loans. Leverage works out when there are no bumps in the road. Otherwise, not so much.

    • @rickenbacker472
      @rickenbacker472 4 месяца назад +2

      Similar experience. Friend lost over 50K in one day that he couldn't pay.

    • @TheSoulCrisis
      @TheSoulCrisis 3 месяца назад

      There is always a steep price to pay on the highway to fast cash and investing……exactly why the Ramsey principles emphasize killing debt before investing, then invest heavily with your own money with focus on owning assets later. It’s easy to dream big and take huge risks on a business or investment that might take off, but if it fails it will be a world of pain 100% of the time.

  • @beaniemac
    @beaniemac 4 месяца назад +80

    If their household income is damn near 300k, why do they owe on cars?

    • @miketheyunggod2534
      @miketheyunggod2534 4 месяца назад +1

      Why not?

    • @todd2456
      @todd2456 4 месяца назад +11

      She said he uses the dividends to pay the car payments. First, that amount of money in a dividend ETF no way pays 2 car payments. Not even close.

    • @sasukesuite1
      @sasukesuite1 4 месяца назад +3

      If you had a 3% APR on a $40k car and were guaranteed to make 5.3% APY in 1 month Treasuries, why would you pay off the car early? You’re going to make more money from the bank interest than you pay out to the car company, so there’s no point in paying it off early.

    • @todd2456
      @todd2456 4 месяца назад +6

      @@sasukesuite1 You must be new here.

    • @anndeecosita3586
      @anndeecosita3586 4 месяца назад

      @@sasukesuite1That’s my situation. I make more money in interest each month of my investments than I pay in interest (4 percent APR) on my car note. So when I do make extra payments on my car note I try to only do it from what I make in my paycheck. Pulling money out of my investment account toward my car would lower how much I make in interest.

  • @mr8610
    @mr8610 4 месяца назад +19

    They literally had absolutely no clue what margin debt even was. There needs to be a little training going on over at the Ramsey studios.

    • @Treerootz1
      @Treerootz1 4 месяца назад +3

      Not to mention the stock market is zero risk, per them. Don’t think they actually know a whole lot lol

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 4 месяца назад

      Because nobody with an IQ above 3 uses that term.

    • @thirdcoast-nx7jx
      @thirdcoast-nx7jx 4 месяца назад

      I think the hosts were trying to understand the caller's definition of margin debt. At times, callers will state one thing and actually mean something completely different. I've heard caller misuse/confuse terms and definitions quite frequently.

    • @1486230
      @1486230 4 месяца назад +1

      @@thirdcoast-nx7jxOr another more likely interpretation is that these people don’t know jack **** about investing. I’m surprised they aired this question. Really hurts their credibility.

  • @MichaelSBowen
    @MichaelSBowen 4 месяца назад +91

    People making $300,000 a year should have 0 debt period

    • @OopThereItIs77777
      @OopThereItIs77777 4 месяца назад +1

      This is nothing in LA. Hello

    • @miketheyunggod2534
      @miketheyunggod2534 4 месяца назад +4

      Billionaires have debt. PERIOD!

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 4 месяца назад

      Billionaires are terrible role models. Full stop. @@miketheyunggod2534

    • @UtotheJ
      @UtotheJ 4 месяца назад +5

      You don’t know how the rich leverage debt… the sure way to tell if someone is forever going to stay in middle class is if they take financial advice from Ramsey

    • @BrandonsWisdomResort
      @BrandonsWisdomResort 4 месяца назад

      Wow. I really can't believe you just commented this.

  • @beaniemac
    @beaniemac 4 месяца назад +48

    So he's essentially borrowing money to gamble which pays a significant amount of their bills

    • @bulls-nation5783
      @bulls-nation5783 4 месяца назад +4

      Dividends aren’t gambling…. Risky betting on the market, but dividends (for most companies) have a guarenteed track record.

    • @riverofcashflow
      @riverofcashflow 4 месяца назад +1

      At the Moment, until it gets cut or doesn't come at all. Sounds S.M.A.R.T

    • @567Kriss
      @567Kriss 4 месяца назад +3

      Wrong. If you have a million dollars invested paying 4% and you have 4% worth of debt that the dividends are paying off you aren't really in debt

    • @riverofcashflow
      @riverofcashflow 4 месяца назад +1

      @@567Kriss at which part did they talk about these millions? What did I miss?

    • @567Kriss
      @567Kriss 4 месяца назад

      @@riverofcashflow they didn't but you don't need millions to live off stable dividends. You know this. I get 5.8% on a safe dividend that can easily pay my subscriptions if I wanted

  • @shanep2760
    @shanep2760 4 месяца назад +13

    So he just started investing on margin 6 months ago. He needs to look into what happened in 2022, market dropped 20% and lots of people got margin called.

  • @MohanKallingal
    @MohanKallingal 4 месяца назад +31

    Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
    ^^^^

    • @BigJonny-wz1cc
      @BigJonny-wz1cc 4 месяца назад

      Wow that's huge, how do you make that much monthly?

    • @JerfferyLeoy
      @JerfferyLeoy 4 месяца назад

      I'm 37 and have been looking for ways to be successful, please how??

    • @MohanKallingal
      @MohanKallingal 4 месяца назад

      Sincerely speaking.... I will continue to trade / and stick to expert so nia Si l via / daily signals and guides as long as it works well for me.....

    • @Jonathanmarsh-vz7ot
      @Jonathanmarsh-vz7ot 4 месяца назад

      Woah for real? I'm so excited. Sonia silvia strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started

    • @user-qt5pd8cj8x
      @user-qt5pd8cj8x 4 месяца назад

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

  • @Miggy2222
    @Miggy2222 4 месяца назад +7

    “The dividends pay for our cars”
    Yeah but who pays for the margin loan interest?

    • @USMC6976
      @USMC6976 4 месяца назад

      She said the dividends pay it all.

  • @ClaxtonBay123
    @ClaxtonBay123 4 месяца назад +67

    Little bit disappointing that this team doesn't know about margins in investing. You can't counter arguments if you don't know the full argument. This is why Dave will never be able to leave this show

    • @twgok13
      @twgok13 4 месяца назад +3

      They know of it, but it's a broad term that gets used in a lot of different trendy brain-dead tiktoks. So they wanted to know which one. 1:14 they guessed the most probable interpretation and were right in first guess.

    • @megalodon1726
      @megalodon1726 4 месяца назад +8

      @@twgok13 Rachel guessed first and didn't know what it is. She said "He's taking what he's gaining and turning around and reinvesting it". That has nothing to do with margin debt or margin trading.

    • @megalodon1726
      @megalodon1726 4 месяца назад +6

      And they didn't even mention paying off the margin debt when explaining what to do with the money.

    • @Run4Ever77
      @Run4Ever77 4 месяца назад +7

      ​@@twgok13No, Rachel had no idea or understanding, even after Jade explained it.

    • @patrickmartin8479
      @patrickmartin8479 4 месяца назад +2

      They just parrot the company line. 🦜 🦜

  • @todd2456
    @todd2456 4 месяца назад +24

    I can't believe the call screener let this one through. I understand that Rachel has no idea what a margin loan is, but if you're going to be running a 3M sub RUclips channel on money, you should absolutely know what this is. Wow. I think Jade understands it better.

    • @danielrn133
      @danielrn133 4 месяца назад +1

      How do you know the lady calling knows what margin debt is? She was clarifying to make sure they both are on the same page. The caller also said initially they are "no debt" family then later says they have two car payments.

    • @user-id7ut8uc2j
      @user-id7ut8uc2j 4 месяца назад +3

      Jade Googled it while screen went to Rachel to talk her basic strategies.

  • @corvairlover
    @corvairlover 4 месяца назад +105

    Sounds like training needs to be done at Ramsey Solutions. They need to know this stuff so they can confidently argue against it and not go off the idea that if I don't understand it, I'm not going to do it. This caller has a bigger issue that needs consulting. The husband is super comfortable with risk. He's not going to change his mind. The wife is scared.

    • @alinatamashevich3354
      @alinatamashevich3354 4 месяца назад +4

      Then go there and train them. Let me know how that works out for you.

    • @miketheyunggod2534
      @miketheyunggod2534 4 месяца назад

      You mean more brainwashing.

    • @timetowakeup6302
      @timetowakeup6302 4 месяца назад +5

      @@alinatamashevich3354
      What?

    • @BLdontM
      @BLdontM 4 месяца назад

      Just more proof that if one has a question more complex than “I make 15/hr and have a 1000/mo car payment. What do I do?” ramsey isn’t the right place. Ramsey has good advice like 20% of the time lol

    • @sportagus3
      @sportagus3 4 месяца назад +7

      When you have 2 other people relying on your income and financial decisions, your risk tolerance has to adjust. His wife isn't on board. That should be enough.

  • @jasonk446
    @jasonk446 4 месяца назад +7

    I know zero about this type of investing. But I’m a crypto guy. So, I’m used to high risk. But at the end of the day, it’s just me. I don’t have 2 other people to look out for. Risk levels should adjust based on circumstances. If he wants to play the game, maybe do so at a lower dollar amount. Put the rest into safer investments.

  • @cmiovino
    @cmiovino 4 месяца назад +7

    Beginning of call: Man these people must be loaded. $3M net worth? Me 6 minutes in after hearing the car debt and actual investments: "You're broke!"

  • @alinatamashevich3354
    @alinatamashevich3354 4 месяца назад +15

    Where in the heck is all their money? I know to the dollar how much is all of my accounts. Something is rotten in Denmark.

    • @carpediem6431
      @carpediem6431 4 месяца назад

      🎯 (about the $) They make $260 grand a year. They’re grossing over 20 grand a month which after tax should clear them 13-14 grand. They have car payments and she used the word “rent” when talking about bills which most likely means they don’t own a home. So let’s see: you have great income, don’t own a home, have a grand total of 115 grand in savings which you’re investing, plus borrowing from a broker with margin trading, the dividends are making your car payment (not your income), you’re going to drop 86 grand a year because you’re having a baby and will be a stay at home mom………… I’m confused as well. (Edited: and these guys are 36 and 33)

  • @shea455
    @shea455 4 месяца назад +7

    On margin, you lose 100% of your money if you drop 50%. In fact, it's closer to 45% because they're going to "force you out" to protect their loan. What is missing from his calculation is "risk". If you start putting a dollar amount on risk, it doesn't look like such a good idea. Also: You are still paying interest... out of money you would have made.

  • @MusicPhrase
    @MusicPhrase 4 месяца назад +8

    She and her husband need to watch the movie, Margin Call. And so does, Rachel.

    • @listerinr
      @listerinr 4 месяца назад

      Rachel needs to watch a lot. She has very basic knowledge.

  • @riverofcashflow
    @riverofcashflow 4 месяца назад +6

    Margin trading is stupid. What happens if the dividends don't come? Or not as much. It must be back to back or not at all.

  • @robiecarmichael9958
    @robiecarmichael9958 4 месяца назад +2

    Just socking money into a 401 per IRA is boring! Until you then retire comfortably, no we did not retire and start living lavishly. No house payment, no credit card debt. But living comfortably and debt free is priceless!

  • @russlea6383
    @russlea6383 4 месяца назад +4

    The Crash of ‘29 brought on The Great Depression because most people bought stock on margin. That’s not investing, that’s speculating.

  • @Aunny123
    @Aunny123 4 месяца назад +8

    Financial decisions is all about the person’s risk factor. Some people have a higher risk tolerance than others, but it’s important for your spouse to be on the same page.

  • @WookieSenshi
    @WookieSenshi 4 месяца назад +5

    Okay people, yes I agree its questionable that these 2 don't know what margin even is, but lets be honest, using margin debt as leverage to build wealth is just stupid and way too risky. If you wanna use margin with your "play around" money then sure whatever. But its basically gambling and even though they've never heard of it, their advice was very sound in the end.

  • @pklemm1
    @pklemm1 4 месяца назад +3

    Margin investing can be very dangerous if they are over leveraged and can’t come up with the cash if they are margin called.

    • @kaythegardener
      @kaythegardener 4 месяца назад

      AT that point, they should be paying for their stock investments only with cash, never margin!!

  • @richthepup
    @richthepup 4 месяца назад +4

    Oof. I do agree with investing wisely but aggressively however NEVER on margin. If you’re dumb you shouldn’t use it, if you’re smart you don’t need it, as buffet says. Trade options, don’t use margins.

  • @mxerb5912
    @mxerb5912 4 месяца назад +4

    The market turns he’s screwed. It’s currently at all time highs and they admit they just started right when the market began to skyrocket. He’s playing with fire and he doesn’t know it

    • @michaeldesrosier1068
      @michaeldesrosier1068 4 месяца назад

      Yeah hes probably made half decent money depending on what sort of dividend stocks hes got. He should probably cash out, stick that money in a 5 percent CD and still reap a similar amount of income from it as he was from dividends.

  • @alannaalbritton381
    @alannaalbritton381 4 месяца назад +7

    She should not stop working the numbers are scary. She doesn’t feel confident in his money strategy.

  • @kbrizy7490
    @kbrizy7490 4 месяца назад +2

    They needed Dave here to answer this one. Shouldn’t have been a very confident no.

  • @GAFB1122
    @GAFB1122 4 месяца назад +3

    Come on caller and come on people in the comments who disagree with the hosts.
    Margin IS DEBT!! The Dave Ramsey program does NOT believe in debt with the exception of the 15 year mortgage.
    Do what you want and comment as you wish, BUT you know what the program teaches, so why call or listen if you don't FUNDAMENTALLY believe!

  • @FrankS111
    @FrankS111 4 месяца назад +2

    Any sort of investing involves risk but there are different levels. For me…investing on margin is too much risk. Never invest what you’re willing to lose.

    • @Treerootz1
      @Treerootz1 4 месяца назад

      Nope, they said it’s zero risk, so it must be true

  • @Northstar2000
    @Northstar2000 4 месяца назад +14

    Margin debt is okay, hes basically leverage trading. Hope he knows what hes doing and doesnt blow up his account and future. Im a professional trader for 10 years, but apart from that I follow ramsey principles and live debt free with over 5 years emergency fund.

    • @robbyposey4659
      @robbyposey4659 4 месяца назад

      This!!

    • @ThreePuttBogeys88
      @ThreePuttBogeys88 4 месяца назад +6

      Margin debt is great until it’s not. All it takes is a market dip and you’re caught with your pants down!

    • @johndone8045
      @johndone8045 4 месяца назад +2

      Kinda risky for a new player to play margin trade

    • @duffmatthew
      @duffmatthew 4 месяца назад +5

      There is a big difference between a professional trader using margins and an amateur trading on the side using margins with their life savings.

  • @stevenporter863
    @stevenporter863 4 месяца назад

    They may be against using margin (as I am too) but how do they think brokers can offer near free trading, automatic free investing and extremely low expense ratios on some passive funds? A part is the interest they collect from margin trading.

  • @mationinfo
    @mationinfo 4 месяца назад +1

    I am going to compliment both of you. You did good with the conversation. There was no mention of separation or divorce. Solve the problems and move forward. I love it.

    • @richthepup
      @richthepup 4 месяца назад +1

      Cause John wasn’t on the call

  • @MyNameIsCorey
    @MyNameIsCorey 4 месяца назад +3

    It sounds like he's using covered call options trading using margin as leverage to speed up the process...It's a great low risk way to make extra income. It sounds like she just doesn't know the specifics of what he's doing and it's making her uneasy... They should sit down together so she can fully understand what he's doing and I agree with Jade and Rachael knock out as much of that debt before baby comes

  • @djpuplex
    @djpuplex 4 месяца назад

    Wsb legends keep their BIs in check.

  • @markkunath8440
    @markkunath8440 4 месяца назад

    At 33 yo I was like that - so much energy for making money on top of my salary. Rental properties, lots of debt. Leverage was my friend. Had 3 kids and my tolerance for financial risk dropped and debt free at 48! My surplus energy now goes to watching RUclips 😂😂😭😭😭

  • @lindawilson4625
    @lindawilson4625 4 месяца назад +1

    Good suggestions, but Hubby won't be on board. I see a bunch of stress coming her way with the baby, etc.

  • @adamg99
    @adamg99 4 месяца назад +1

    Trading on margin is gambling!
    You’re using a line of credit to buy more securities (stocks, etc) than you otherwise could with cash. The line of credit is granted to you based on the existing value of your securities in a given portfolio.
    Ever heard of margin call? This is what happens when the market value of your portfolio you used to get the line of credit drops and poses a pay-back risk to the broker that decided to give you the line of credit/trading margin. Very dangerous territory.

  • @brianprobert3090
    @brianprobert3090 4 месяца назад +1

    She called the wrong show. No way are they ever going to support the idea of him investing on margin. What they need is a limit on his total exposure that she can live with. That might be 1/4 of their portfolio value or even 1/2 but if his account goes bust, then they don't lose everything.

  • @marcuswashington461
    @marcuswashington461 4 месяца назад

    I believe in the acronym KISS(KEEP IT SIMPLE STUPID)now with that said if he is comfortable and knows what he's doing God bless him!! Whatever yall do just be on the same page!!

  • @1timothydillon
    @1timothydillon 4 месяца назад

    Nothing wrong with leveraging an account if you can afford to take a loss. If you have a gambling addiction, however, seek help! If you're trying to make a spread, don't. If you have a sizable difference, though, like a 3 to 4% mortgage, and you're getting a 9 to 12% return, keep going.

  • @QLOVELIFE
    @QLOVELIFE 4 месяца назад

    Margin debt isn't that bad IF YOU KNOW HOW TO USE IT and if it works for you 80% of the time.🤷🏽‍♂️
    Better to keep money in a brokerage besides one of these banks.
    At least the brokerage allows you to grow your money while it's sitting.

  • @scrappychildhood6633
    @scrappychildhood6633 4 месяца назад

    How does a janitor buy a home with outworking 2 full time jobs In Fl they make 28k after tax Get 2 jobs 17 hours a day 55k

  • @Jacob-wr7ch
    @Jacob-wr7ch 3 месяца назад

    I personally wouldn’t leverage debt to invest. Too risky imo. I agree with the Ramsey way of setting aside a certain amount of your income. Although with their income to debt ratio they could probably stand to do more than 15% even with a kid on the way. I think they just gotta cut back a little on how much they’re putting in.

  • @kay22100
    @kay22100 4 месяца назад +1

    He’s not gonna do the plan so I think she should compromise. Maybe say we can keep investing how you want but let’s pay the cars off. THIS plan is only gonna work if both are in agreement. Otherwise, you’re gonna have to compromise some. Don’t let the plan ruin your marriage or create tension in the home

  • @debragiovine9797
    @debragiovine9797 4 месяца назад

    How much do you have in join brokerage account,,, she has $15k and 49k in his ,,, what about the savings?

  • @barnabusdoyle4930
    @barnabusdoyle4930 4 месяца назад

    Margin investing is borrowing against assets held in your brokerage account to buy other investments. It can be a great way to leverage your assets and make good money especially while the market is hot. It is also risky in that a significant drop in your leveraged assets could cause a margin call and force a sale of a lot of different assets. I would want to know what the husband’s background is, experience in margin investing, how successful he has been with this strategy and what he has set up to prevent large losses.
    These 3 ladies do not understand margin at all or how it works. Depending on his strategy, he could be well protected against a down market. He is almost certainly going to continue doing this regardless of what she says. They also seem to make plenty of money so his playing with the money is likely completely fine.

  • @user-xn3hb1vt8y
    @user-xn3hb1vt8y 4 месяца назад

    Doesn’t seem like the amounts they have invested could make enough dividends to pay their car payments.

  • @jeffdarleneriel5628
    @jeffdarleneriel5628 4 месяца назад +1

    Rachel says “conservative rate of return” is 10% and doesn’t know what margin investing is. Why do people call these radio personalities.

  • @lionheart93
    @lionheart93 4 месяца назад

    They have so little in their brokerage accounts. I’m going to assume they have paid off home or did I miss that? If so , they are doing great but no margin lol. He is going to get screwed or make it

  • @donaldclayton9735
    @donaldclayton9735 4 месяца назад

    With rates where they are now, makes no sense to use margin. Margin is borrowing to invest. In past with interactive brokers, rates were super / super low and there are times when it can make sense. Now is not that time. Now is the time to be haooy you followed Mr Ramsey's advice and you have little to no debt!
    List your debts if you have any and get rid of high interest loans and keep any debts with super low rates. If you have a mortgage at 3.5% or lower, get rid of that last and save the difference instead of preparing (only area I don't agree with Dave ramsey). Right now U.S. government t bill rates are 5%+....makes no sense to pay off a 3% loan with federally backed rates of 5%.

  • @ryancraig4811
    @ryancraig4811 3 месяца назад

    “I don’t know anything about investing” is not a viable strategy or a valid defense. Especially if your husband may be a rookie day trader risking the entire household balance sheet in the middle of a bull market with a baby on the way.

  • @J_pearce01
    @J_pearce01 3 месяца назад

    This question sounded over their heads. Maybe email money guy show and see if they respond

  • @Julian-zc9vm
    @Julian-zc9vm 3 месяца назад

    Margin debt is 10-12% rates right now so I don’t see how this is a smart move numbers-wise, psychology of debt aside.

  • @OopThereItIs77777
    @OopThereItIs77777 4 месяца назад

    Y’all are commenting on their income but forget they live in LOS ANGELES. That equates to barely 120 there

  • @shaunmelvin5827
    @shaunmelvin5827 4 месяца назад +1

    Simple answer: Follow your husband

  • @BeaAms-pb8sl
    @BeaAms-pb8sl 3 месяца назад

    Margin is a bad idea.. period.

  • @dealerofgame
    @dealerofgame 4 месяца назад

    I'm curious how much margin he borrowed!

  • @calebdoner
    @calebdoner 4 месяца назад +1

    It is real easy to be smarter than Dave Ramsey. All these money tricks are so attractive and seem really cool. But at the end of the day, get back to basics, pay off your debt, and live a positive cash flow lifestyle.

    • @tstanley01
      @tstanley01 3 месяца назад

      He is living a positive cash flow life...with margin...I don't think leveraging stocks are my cup a tea, but real estate on fixed rate debt is a lot less risky...

  • @ChrisBoulas
    @ChrisBoulas 4 месяца назад

    The mental gymnastics required to figure out how they're managing their money is astonishing. It's not that complicated folks. Keep it simple.

  • @Seromontis
    @Seromontis 4 месяца назад

    Never trade on margin or invest in margin mutual funds. Too much risk, you're basically gambling.

  • @dragonmom8739
    @dragonmom8739 4 месяца назад

    So, is it not considered wage theft when women know they are not returning after maternity leave?
    Leaving on maternity leave and not allowing a company look for someone to replace them seems a little sus.

  • @glostergloster6945
    @glostergloster6945 4 месяца назад

    Margin is something you employ when trading derivatives not stocks.

    • @1486230
      @1486230 4 месяца назад

      OMG this channel is just breeding idiots.

  • @johndone8045
    @johndone8045 4 месяца назад

    No rachel she means margin on stock
    Its like a huge leverage when doing single stocks
    Dangerous, but 10x reward is tempting
    Paying off the cars ARE EXTREMELY STUPID, never pay off a car early if the interest is low

  • @robertmarlo6668
    @robertmarlo6668 4 месяца назад

    Guy is way smarter than her making 100k more , let him do his thing 😂

  • @robloxvids2233
    @robloxvids2233 4 месяца назад

    What a nightmare. When my wife gets home from her boyfriend's house I'm going to give her a big hug.

  • @jarrettpierce5626
    @jarrettpierce5626 4 месяца назад

    Damn Rachael didn’t know what it was lol

  • @Treerootz1
    @Treerootz1 4 месяца назад

    Investing in the stock market is zero risk. You heard it here first!

  • @briankowald6465
    @briankowald6465 4 месяца назад

    I don’t think any of them knows what margin trading is

  • @lkj0822g
    @lkj0822g 4 месяца назад

    Ramsey folks pass themselves off as "financial experts" but didn't have a clue of what "buying on margin" was. LOLOLOL That said, it is a risky game subject to the whims of the market. If hubby wants to continue to do this, I would suggest setting aside a specified amount of "Vegas Money" and use those proceeds to fund this. I would view it more as a "hobby" or "entertainment" rather than serious investing.

  • @MrJr1976
    @MrJr1976 4 месяца назад +13

    If he knows what he is doing, he isn't borrowing enough money to lose everything. It sounds like he does know what he is doing and the lady just doesn't understand it. What needs to happen is the husband explaining in detail what he is doing and why it's not going to destroy their finances. The Ramsey way of investing is great for people who want zero risk and consistent returns to pay their retirement. It is in no way the gospel of how absolutely every person needs to invest. Dave said it himself. "Don't invest in something you don't understand". The husband clearly understands what he is investing in. Pregnancy hormones and zero communication are issues here. Not finances

    • @weldinggirl
      @weldinggirl 4 месяца назад

      I think your exactly right!!

    • @MrJr1976
      @MrJr1976 4 месяца назад

      @@thebeegood1731 From the amounts he is investing vs using to operate the home, he is smart enough to ensure that a total loss does not mean financial destitution

    • @michellewitt2071
      @michellewitt2071 4 месяца назад

      I was kind of agreeing with you until you blamed it on pregnancy hormones. As if she couldn’t possibly have a different risk tolerance than her husband, especially about something that hasn’t been fully explained to her, without pReGnAnCy HoRmOnEs

    • @MrJr1976
      @MrJr1976 4 месяца назад +1

      @@michellewitt2071 You've never existed in the same room as a pregnant woman. Pregnancy hormones wreak havoc on your body and mind. So her anxiousness about the situation could be amplified tenfold because of the bun in the oven.

    • @michellewitt2071
      @michellewitt2071 4 месяца назад

      I have been around plenty of pregnant women, and I’ve never seen it fully change a person’s entire personality. But I have thought about this more, and you’re right that hormones definitely increase anxiety, sometimes to an absurd degree, so you *could* be onto something. I just don’t think it’s fair to assume it.

  • @truthseeker6370
    @truthseeker6370 4 месяца назад

    This nightmare call was Definitely meant for Only a Dave Ramsey response.

    • @1486230
      @1486230 4 месяца назад

      At least Dave knows what margin even is. These clowns need to stay in their lane. They help people get out of debt.

  • @everydaygamer7787
    @everydaygamer7787 4 месяца назад

    Just to be clear, there is no right way to build wealth there’s more than one way

  • @dturner40
    @dturner40 3 месяца назад

    I wasn’t expecting $110,000 in the brokerage accounts. I was planning to hear 1-2mil. It’s virtually impossible to make money with dividend stocks on margin. Margin rates ain’t pretty at most places. Seems like he is mostly invested in dividend stocks and uses a little margin for ‘cash’ to ‘gamble’ on volatile/growth stocks which isn’t so scary if he is disciplined with how much margin he plays with, but if she ain’t for it…better only do it in your ‘fun’ account she is aware of. Seems like there is more to this story that she doesn’t fully understand to be able to convey over the phone. You ain’t making huge dividends if it’s all bought on margin.

  • @zionfoster8219
    @zionfoster8219 4 месяца назад

    He might just have a margin account, doesn’t mean he actually has margin debt in his account.

  • @jessicabrittany1682
    @jessicabrittany1682 4 месяца назад +6

    Sounds like her husband took those Grant Cardone RUclips videos a little too seriously...

    • @GoldenPants64
      @GoldenPants64 4 месяца назад

      It also sounds like he used it to completely pay for two car notes monthly. Unless she informed us incorrectly. So while it may be higher risk it seems to be working. And with 181k income and living off 50% he has the safety net. But he also is making a poor decision when they could just pay everything off within a year sticking to the 50% of income and invest for 10 years and never work again especially with a baby on the way.

    • @jessicabrittany1682
      @jessicabrittany1682 4 месяца назад

      @GoldenPants64 based on the fact that he makes $181K and they live in Los Angeles, I highly doubt everything she said was correct. But even if it was, the risk of it all would be enough to scare me! It's all fun and games until the investment doesn't have a return and you're possibly out 50% of your income!

  • @JohnathanBach
    @JohnathanBach 4 месяца назад

    Rachel doesn’t understand what margin debt is?

  • @robertmarshall5982
    @robertmarshall5982 3 месяца назад

    Don’t think they going to change

  • @bbkyjohnson
    @bbkyjohnson 3 месяца назад

    This sounds like a train wreck in the making. Losing her income is going to need an adjustment period. I understand what he’s doing can work but if he makes a couple bad decisions chasing money it can turn into a nightmare. I’ve had coworkers do it with investments and gambling.

  • @MM-yz7fz
    @MM-yz7fz 4 месяца назад +3

    If he is a sophisticated & accredited investor Margin Trading is not that crazy to do. I think the wife is confused because she doesn't understand options trading.

    • @JR-wu8gf
      @JR-wu8gf 4 месяца назад +1

      If you’re a sophisticated investor, you invest full time and don’t need margin.

  • @debragiovine9797
    @debragiovine9797 4 месяца назад

    The numbers don,t add up,,, she has 15k and he has 49 k and join account is 49k ,,, she first started to say in his account along is 141k,,, and between them they make 266k,, and only Debt is 45k auto loans,,, she is not telling the whole story,,, here,,,

  • @1486230
    @1486230 4 месяца назад

    So a company that gives out investing advice daily doesn’t know what margin is?
    Okay then.

  • @danieljohnson4418
    @danieljohnson4418 4 месяца назад

    If it's working (i.e., generating income), why should he stop? Making $180,000 per year, what reasonable motivation would he have to stop doing what he's doing? Not everyone is adverse to elevated risk. And not everyone wants to be a programmed sheep.

    • @megalodon1726
      @megalodon1726 4 месяца назад

      He's married with a kid. It's no longer about his personal risk tolerance.

    • @danieljohnson4418
      @danieljohnson4418 4 месяца назад

      @@megalodon1726: Actually, it is because he's an adult and there's no requirement that he avoid all unnecessary risk (financial or otherwise) because he has a child/is expecting a child.

    • @megalodon1726
      @megalodon1726 4 месяца назад

      @@danieljohnson4418 I didn't say he should avoid all unnecessary risk. But now that he's married with a child it's no longer about his own individual risk tolerance. Yes, he's an adult, but he's a married adult so his wife's risk tolerance must be considered and respected too.

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 4 месяца назад

      But everyone IS a programmed sheep whether they want to be one or not. That's how being human works. We are all followers.

    • @danieljohnson4418
      @danieljohnson4418 4 месяца назад

      @@amireallythatgrumpy6508: To some extent, that is very true.

  • @TheLovely990
    @TheLovely990 4 месяца назад

    I would never mingle my money with a husband, or partner. This is just my opinion.

  • @user-tu1mj9jy1e
    @user-tu1mj9jy1e 4 месяца назад

    If he’s doing really good with their money and investments I wouldn’t say anything about it.

  • @Thebignagro
    @Thebignagro 4 месяца назад +6

    Im starting to dislike this show a little more everyday they remind me of mormons that only study one book of god and never any other gods, i do follow the baby steps but there are other avenues, such and risk tolerance based on age/wealth, im 29 with no kids,debt,spouse why not margin the crap outta my 12 percent portfolio ytd

    • @HOLDXSTEEL
      @HOLDXSTEEL 4 месяца назад +1

      Damn yo you should get rid of your debt

  • @yarrdayarrdayarrda
    @yarrdayarrdayarrda 4 месяца назад

    The husband is nuts to gamble (invest) half his income, but I hate how it's always the husband's fault on this show.

  • @jamaicaninthekitchen4358
    @jamaicaninthekitchen4358 4 месяца назад

    My husband did that and waste all the money not a good idea
    She better go back to work. You too young to stay home.

    • @felizh82
      @felizh82 4 месяца назад

      All investments involve risk, the problem is not investment itself but how you manage the risk

  • @rob8582
    @rob8582 4 месяца назад +12

    Highly embarrassing that these two so-called financial experts don't no about margin. Such a normal and common topic and tool used in investing. This isnt a "new" thing

    • @jimroscovius
      @jimroscovius 4 месяца назад +2

      They don't need to know. Borrowing is bad, period. Just follow the Ramsey plan. That's all you need to do.

    • @stevenporter863
      @stevenporter863 4 месяца назад +1

      Éven if they don't agree they should know it exists. I don't smoke, but know what a cigarette is. 🤷

    • @HOLDXSTEEL
      @HOLDXSTEEL 4 месяца назад

      @@jimroscoviusor be smart and don’t follow any plan but your own 😂

    • @jimroscovius
      @jimroscovius 4 месяца назад +1

      @@HOLDXSTEEL Too many people follow their own plans, which are usually stupid, or they wouldn't have to call.

    • @ASimoneau
      @ASimoneau 4 месяца назад

      @@stevenporter863 The point is, they knew enough to know it wasn't going to jive with the Ramsey Way. I don't have the clearest understanding of how margin works either, but I know what Ramsey best practices are when it comes to investing, and I know those don't include whatever margin is supposed to be.

  • @darinherrick9224
    @darinherrick9224 4 месяца назад +2

    I feel like people who have one spouse not work are on a different financial planet of wealth from me.
    I’m chronically ill and have to work full time just to afford medical treatments.

  • @alittlepieceofearth
    @alittlepieceofearth 4 месяца назад

    She and the man clearly not living the Ramsey way. They are not on the same page and not working together.

  • @wolfpackmba
    @wolfpackmba 4 месяца назад

    Something doesn’t add up here…

  • @listerinr
    @listerinr 4 месяца назад

    These two on the panel know nothing about margin investing.

  • @miketheyunggod2534
    @miketheyunggod2534 4 месяца назад

    Funny how Dave didn't do it the " Ramsey Way". Don't believe these scammers.

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 4 месяца назад +1

      Dave didn't get himself into the situation where he needed to do it at all.

  • @2023Red
    @2023Red 4 месяца назад +1

    The Problem is not comprehending brokerage margin. We are in our 70s and use margin every day. The biggest income maker is selling options. Brokerage requires you to use your margin account to sell options. No choice. We have FICO scores around 840. No debt. Therefore there is no doubt in our mind this woman needs to learn what words mean and how they apply. She is lucky her sperm donor knows what he is doing. By the way our brokerage account is just under 7 figures.

  • @Beginningtopeak
    @Beginningtopeak 4 месяца назад +3

    Her husband is crazy to take all that money and then borrow even more.

  • @amireallythatgrumpy6508
    @amireallythatgrumpy6508 4 месяца назад

    And all three ways are wrong.

  • @privacyplease1556
    @privacyplease1556 4 месяца назад

    Why would he take advice from people who don’t even know what margin trading is? The Ramsey show is for people who are financially stupid. He’s a trader with a high risk profile.

    • @OopThereItIs77777
      @OopThereItIs77777 4 месяца назад +1

      Rachel DOES know. Jade DOES know. So calm your panties

  • @lauderhill1
    @lauderhill1 4 месяца назад

    ok ill stay away from the bottle popping blacks lol