The Wealthy Idiots Show

Lost $1,000,000 With This Investing Mistake | Wealthy Idiot Reacts


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Debbie wrote in to the Dave Ramsey show explaining how she lost money with her investment strategy and what she did in the 2008 crash. Her decisions lost her over $1,000,000!!! People make the worst decisions when acting emotionally when it comes to money and investing. AJ has made the same mistake as Debbie but only lost a few thousand.


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00:00 Introduction

01:43 Start Ramsey React Video

02:30 Debbie could not have lost all their retirement in 2008

05:05 Dave Ramsey shows how Debbie paid an opportunity cost of over a million

06:00 Everything is on sale! Now is the time to buy!

07:39 Dollar Cost Averaging

08:05 Graph showing S&P 500 from 2006 to today

09:19 Overlayed Dollar Cost Averaging over the chart

11:13 What can you do?

12:07 Conclusion



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The Wealthy Idiots ShowBy The Wealthy Idiots