Dave Ramsey
👤 SpeakerAppearances Over Time
Podcast Appearances
I lost my home.
We did not lose our home, but the only reason was there was no equity in it.
And so it survived the bankruptcy.
And it wasn't that nice a house anyway.
But anyway, yeah, we just said, you know, we lost everything.
We get the opportunity to start again fresh.
and clean, and in your case, that's the sale of a house.
In our case, it was a bankruptcy, and we're never going back here again, and we never went back there.
And from that point forward, I never bought anything that Sharon and I don't both agree to, investments or otherwise.
And so, yeah.
So I think it's fair to say, just to outline for everybody, just to let you guys know out there, this is not a –
Unique situation?
Yeah.
Here's the numbers, and this is the most bizarre number I have almost ever heard in the investing world.
If you day trade for 36 months continuous, 97% of you lose money.
That's how stupid that is.
I mean, if you said 97% of the time you walk across the street, you get hit by a car, you would not walk across that street under any circumstances.
You wouldn't be the one guy that says, Frogger, I got this.
You wouldn't be that guy.
You'd be going, no, those are not odds I want to play.