My Husband Lost $150,000 Day Trading!
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- Опубліковано 25 вер 2022
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Sell the husband
In the scratch and dent section? 🤔
ja ja
This comment wins
So they made 100k in a year vs 250k. Hits but thats a comfortable salary in my area. Write it off as a lesson learned.
Tell that man to stop listening to Tim Sykes.
It's not that he lost 150K, it the fact that he borrowed money to do it.
Filluplook I lost like 80k in my twenties. Be strong but stay well away from negative people. Now many years later own investment worth 140k. Money can’t happiness but it’s way better than being broke. And going to work for min wage.
A typical WSB degenarate
Both are bad 😂
He didn’t loose he quit .. double it
That's what kills me about this lol... It wasn't savings they had, it was straight up debt... Savings may almost actually feel like a bigger betrayal I guess, but.. Debt just hurts financially so much worse.. I have lost savings to day-trading / gambling on stocks and options, but today I sit here with zero debt... Yes, less savings than I should have... Quite a bit less... But at least when I have earned money since that huge mistake / adventure / addiction, I get to keep it all.. Rather than see a massive % of my earnings going into paying back some debt for some absolutely stupid mistake I made which I got absolutely NOTHING out of..
There's a really really fine line between day trading and gambling. Her husband definitely gambled that money away.
For us average folks. It’s gambling. I’ve been there. Even if you really think you understand you don’t. I learned the hard way but it defenlyy didn’t take me 150k to figure out it’s just gambling
happy someone finally said this.. TWO COMPLETELY DIFFERENT THINGS. and people automatically throw daytrading to gambling. Completely false and I do it for a living
Bruh....a vast majority of "day traders" lose thier money.
Taking out loans, maxing out CC's. That's as good as gambling. Really no difference. Now if it was cash he had on hand that he could afford to lose when it came down to it, then it may be a bit different.
And go to gambling anonymous
If she’s the one calling. That’s a bad sign. He’s just gonna do it again.
It should have HIM to be calling. He's not taking any responsibility or accountability.
She's calling, and trying to fix HIS mess.
HUGE red flag 🚩
@@melissapereira9879 he's not a real man
Yup. Exactly.
Why should she fix the problem alone? Isnt it the man who should pick up the pieces as he gambled it away?
As the man of the house and responsible for the mess, he should lead.
He is compulsive.
@@dianaverano7878100%
Dude very lucky his wife not filing for a divorce, she definitely gets respect for trying to fix a situation that was not even her fault 💯💯💯
It’s still new. She will divorce him eventually… if she’s smart
Sometimes the "fix" is leaving someone who is destroying your life.
Maybe she CAN'T leave, because she is unable to support herself and her kids on her own. Fkn tragic. A cautionary tale AGAINST marriage! Pay attention, folks!
@@stellarocquie7957 Women wouldn’t file 80 percent of divorces if the courts weren’t on their side. She’d be fine, trust me😂
Not to sound dumb, but since they are married, isn’t there a good shot she inherits a big chunk of the debt if she leaves? Her best bet may unfortunately be to stick around with him and work as a team to get this taken care of, let the kids grow a little older, and then run as fast as possible.
If he has toys he needs to sell them, he needs to feel the pain.
Sure blame him, take his stuff, that solves everything. Did you listen to the advice john gave?
Facts and put that towards the debt
If the genders were reversed would you feel the same way?
Amen! He's lucky she's staying with him.
His toys.......are the problem ! Even if he has no toys. He is the toy !
I always told my kids not to assume people with money are smart. They make 250k per year and it’s not enough for hubby. My advice: sell your mini mansion. Get a regular folk townhouse and pay this off in 15 months. Then you can go back to a mini mansion and hopefully hubby realizes how good he has it.
Stamford ct ain’t cheap!
That's the reality of Day Trading. It's never as easy as its proclaimed to be.
It's like 95% in the long run end up losing money.
@@Ryan_DeWitt just like gambling you might win some one day and lose some the next.
paper loss, never sell if your red
@@RELO6 then you tie up all your money and the stock just keeps going lower and lower.
Day trading with 150k of expensive debt is completely insane. They have 250k annual income as well the greed is unbelievable.
Day trading is about controlling emotions and risk management. This guy wasn’t day trading, he was gambling
Should have been following Johnny Bravo and his swing trading course.
Day trading IS gambling.
@@amireallythatgrumpy6508 nope
@@VicDamoneJr82 Yep. Gambling.
@@amireallythatgrumpy6508 getting married is gambling, driving a car is gambling, we gamble everyday in our lives. It's all about probablities. This dude clearly had no idea what he was doing.
They seriously need to address why he did this and take actions to keep him from ever "relapsing." Otherwise, any other actions are futile.
They still need to address his gambling addiction!
Classic addiction situation. He is hiding due to shame. When she finds out, he only reveals certain things, not the whole story. Only little by little does she get the story. Again due to shame and probably fear. Been there.
The first rule of investing is never invest which you cannot afford to lose. Also, NEVER invest on margin/debt. Invest free cash capital that you have not put to use. That way on downturns like this you can let it sit and it will come back.
Second rule is to not confuse day trading with investing lol
Lol. What if the company you are investing into doesn’t survive the downturn?
@@Ryan_L welcome to a channel that recommends a diversified investment portfolio via mutual funds instead of hoping the average joe succeeds with single stocks!
@@Ryan_L hence my original advice. Don’t invest what you cannot afford to lose
Day trading is not investing. Never gamble with money you can't afford to lose
My heart hurts for her. I'm not sure I could stay in my marriage if that happened. Trust is everything and that's going to be a hard road to travel.
The fact that he did this but she feels she has to fix it is a giant red flag. Hopefully it's only 150k sounds like it might be more that he is hiding.
Right! I got that too.
Red flag for him too... it's not her debt nor problem, really. Then she wants to get the house involved in it? Plus call a national show looking for pitty. while making 250k as a couple?
@@hvaball150 It is her problem as they are a married couple. This is one of many ways how you can get homeless. Your spouse can get you into it just like this man did.
They also have children. What was he thinking? He is lucky he has her.
Exactly why you dont get married. This man earned his own money and now she wants to control it so she has more to steal when she divorces him.
@@bobmalooga335 to me it sounds like she works and he doesn't. He borrowed all the money.
She is incredibly calm for him spending that amount of money on day trading.
Realistically she has had some time to think about it and process it
I suspect she's been treated like a doormat and disregarded in the past. She sounds like she's been the second class member of the pair to me.
They make $250k per year... Very well off people it would seem (live in Connecticut too). Like I only make $40 - 50k per year, so this $150k debt, for them, feel like a $25k - $30k debt for me. A really really crappy thing to have especially when you got literally nothing for it, but like, still kiiiind of manageable feeling too. Not completely Earth shattering. Gotta put stuff like this into context, always. It is like when millionaires get speeding tickets. For normal folks like us they actually kinda hurt, it is a real annoyance at least... For millionaires though, a speeding ticket is like us buying something from the dollar store..
@mraso30 Someone making 50k needs every dollar to count. Someone making 250k can afford to cut their lifestyle by 50% to pay a debt.
THEY MAKE TWO FIFTY A YEAR SO HOW IS THAT AMOUNT CRIPILING? MATH NOT MATHING.
Husband needs to log out of all his accounts and phone apps. Get side jobs to keep him busy so he doesn't relapse.
It’s gambling addiction ; he needs to get himself out of it - it’s one of the worst and fastest increasing addictions - he is going to do it again unless he goes to rock bottom
Beginning..”how are you Kate?”
“I’m doing great”
90% of callers say that regardless of how they may actually be doing. I would personally say, I'm calling the Dave Ramsey show, how good can I be?
I’d be like well, I’m pretty suicidal actually that’s why I’m calling
If I understood correctly they make 250K a year. No one mentioned buckling down and paying off the debt with the income you have.
Only a fool would buckle down to pay off someone elses stupidity and blatant disregard for you and your kids future. Divorce is the smartest move.
@@RR-us1lt I could be wrong, but a divorce wouldn't mean she avoids this debt - everything is halved (at least I thought).
I live Norwalk/Stamford ct and 250k a year with two kids on top of this huge debt they have to pay every month, goes fast!!!!!!!
@@RR-us1lt You clearly don't understand the word marriage...
@@RR-us1lt
I may not like the idea of marriage and avoid it at all cost but those vows should mean something if you go through so much trouble to get married.
If not I don't see the point of marriage.
Jon said it right at the very end...
"I'm sick to my stomach"
I'm literally sick to my stomach think about this also. What a selfish thing to do to your family. Hopefully that will go get some help to get to the bottom of what her husband going threw.
It's not selfish. It's an addiction. It's a sickness. Would you call a person with cancer 'selfish' for having a disease? This is overcome-able. With prayer and understanding and forward motion. They have a quarter million dollar annual income. They will be okay!
@@JoshuaPitka this isn't even close to being compared with cancer. He made the choice to hide this. He hid his financial infidelity, that's what this is. He broke her trust, not unintentionally got sick. He didn't get a life altering diagnosis and hide that, he's hiding an addiction
Agreed it’s not selfish. Gambling addiction hijacks/disables your prefrontal cortex… the human/rational part of your brain. And it’s worsened by suicide level shame… hence his hiding it.
I’m 100% sure he’s posting about it on Wall Street bets
Funny you said that cuz I’m going thru Reddit searching that post haha
Hopefully her boyfriend treats her better.
I saw the meme, and I wanted to watch the entire video.
It’s a glorious dumpster fire to watch lol
And to this day people yell at me when I say..."Don't go into debt under any circumstances."
Bringing home 15k a month after tax should be enough to make the 5k monthly payment if you budget right
Even if you budget wrong it should be more than enough
They should be able to do 10k without budgeting too hard even with the two kids
Not if that money is already being spent on frivolous stuff.
That’s just the interest. She said that’s the minimum. That payment is forever unless you add more to it to pay down the principle.
They probably live way beyond their means
I really trust the morals behind the Ramsey team. How easy it would be for desperate situations like this to say "Join Financial Peace University" it will transform your life, blah blah blah, instead Rachel humbly says "it will be on of the tools to help you" "it's not going to sort all this mess up but...". I really respect the Ramsey personalities. All the best for this couple.
I'm glad Rachel is on the panel, she's probably the most level headed consistently even among all her peers
Wow 100+ likes, glad to see so many agree with me on this.
Rachel and Ken Coleman are the future of this show!
Rachel and Deloney are a great team. Ken Coleman has some great moments and teams especially well with Deloney. The younger cohosts...not my taste. Needless to say no one is better than papa Dave :)
@@alladreamwedreamed Rachel is well worth whatever Dave is paying her.
He was lying to her and only when she demanded to know did he begin to tell her any of the truth of what he was doing with their marital assets. They need to try marriage counseling if HE sincerely WANTS to stop this but they both need to realize that this could be a symptom of a deeper problem that doesn't have an easy fix.
She said payment for her ? He needs to be the one who steps up first. Sad she is the one calling not him.
If you make $250k a year after taxes, you can pay $150k off in a year and a half while living very comfortably.
Income numbers are usually gross.
Assuming he stops with the day trading...😅🤣😂
There's more to this story. He has probably been gambling and more. Hubby needs to be on this phone call.
I’m sick when I lose $50 in stocks
I am sick at the gas pump.
I couldn't stay married to someone after this, it's just too much of a trust breech for me. Very sad situation.
The attraction would be gone.
They make 250k a year. I’m guessing they both work. He was day trading with another job which is super hard. You have to watch the stocks constantly.
worst decision in my life was day trading ,
As bad as this is, you helping him is enabling.
100% agree, that man needs to take 100% full responsability of this Mess and fix it by himself, the same way he lost all this money by himself. Put some pants on and go to work pay all debt...
@@phantomfpss Swap the genders. Would you feel the same way?
@@phantomfpss nah there married and have kids! So any income problems is goin to effect them both equally
@@phantomfpss if she is going to dissolve the marriage ok. If not they are a unit. Hopefully he gets help and they both put in the work in their marriage that clearly was lacking prior that led to this
She should just file for divorce now. The guy is obviously taking advantage of her loyalty.
This makes me grateful I learned my hard lesson in day trading much less expensively (about $4k) back in the 90s!
To me, there are so many horrible things that happened here. It’s hard to count them all. First is this husbands lack of awareness or caring or concern about his family that he would gamble this money away in daytrading. Second is even worse. This wasn’t money they had in the bank. This was money that he borrowed, which is insane. And lastly, is this poor woman who is stuck trying to figure out how to fix it.
He needs help he is an addict. good for her for trying to help but he needs professional or peer AA type help
Guys like him get led down a path by forex companies that tell him he just needs patience, a proper strategy, & a bit more practice.
@@darkgalaxy5548 maybe for some... most these days get indoctrinated through Wall Street Bets and other social media forums like that.
That man is not allowed to TOUCH money until the issues that got him there are addressed
Excellent advise pertaining to their relationship.
I'm a professional gambler and this is NUTS!
What do you mean but that? Black jack, Baccarat, craps, poker? Or prodesssinal sports?
@@jackspinner4727 Sports and Poker
Very good advice. They protected her. That man could very well, after she takes the loan, leave her.
He needs to get into rehab for gambling. Just like drugs, alcohol, and pain meds, gambling can be just as addictive.
Exactly,it has nothing to do with day trading. He has a problem.
How are they ever going to put food on the table making 250K/year? It baffles the mind... The very definition of dumb money.
It’s not as much as you think in Stamford ct
@@reese85 actually it is. Thats still so much money lol
@@brendondowdy5651 it’s really not! I live in Stamford ct, so I kno how expensive it is out here and now you add a 4k plus bill onto whatever else they had goin on with two kids! That money doesn’t stretch as far as ppl think
@@reese85 dude you will never win the argument. It's 250k lol. Your telling me you can't survive on 190k a year? You are unintelligent
@@brendondowdy5651 Idk what it is with ppl in the comments and taxes! Taxes do exist, so 250k ain’t take home and when you add in all your other expenses, kids, the high cost of living! 250k ain’t that much homie
If you're trading with a large amount of money, you should know what you're doing in the first place instead of gambling. That takes constant time learning and putting the work in. Someone teach this man what a stop loss is lol. You also can't be greedy, take profits.
Yessssss
Haha right. He probably used Robin Hood
They need to work on fixing this. If he continues to do it, that’s another equation to solve though.
I feel bad for her, she is so hurt and scared of what life will look like. You can feel the pain on her chest from the financial stress. They also need counseling on this.
If he continues, kick him to the curb.
She should divorce him
@@leeboy244 If he continues definitely, with a marriage and kids that should not be first option. People are way too trigger happy in the west on pulling the divorce card.
I have a cousin in almost an IDENTICAL situation except he lost $85k not $150k. It's really hard to watch especially because he thinks he's the Wolf of Wall Street. He took on a second job just to pay his loan because he might lose his home
Lol you roasted the dude. The wolf of Wall Street.
Try night trading 🥁 I’m here all week
Funny clean joke 🤪
🤣😂🤣 why did I read the drumming in my head?
Dad joke. 100%
A loss like that takes 50 years to write off. Big oof. He could've made a ton more money if he started a business doing something. At least he'd have something to show for it.
There are plenty of stories of people staring businesses and losing $150k. They lease a building, buy a ton of equipment and go out of business. Most restaurants fail for him a year or two.
No it doesn't. It's not an investment. Day trading gets taxed like ordinary income.
@@sblijheid short term capital gains can be carried forward. I'm a tax accountant. I know what I'm doing.
@@choreomaniac at least it would've been better than gambling on penny stocks or meme stocks.
@@BobbyMucka probably. But taking a $150k small business loan or buying a bar because you like to drink can also be as big or a gamble.
He forgot about the stop loss
He should’ve went short
I bet it was not a one day loss. Just like a gambler who lost and keeps on betting believing he's eventually going to win. Even with a stop loss you can still lose that much if you can't control your impulse.
@@haroldcruz8550 very true
Most Day Traders, Commodities Options and "Professional Gamblers" lose money. The Casinos or Stock Brokers make the money.
It is not an event, it is a process. That takes time and secrecy.
That person is a danger to themselves and others.
They didn't even answer her question. She should definitely swap her debt into a HELOC if the interest rate is lower and pay that off instead.
The husband should continue day trading. A few big wins and bam! they're out of this mess.
Lol
Quotes never win
All the statistics show that day traders lose their shirts. It doesn’t help that endless social media people make it look like “a smart investment “.
This is the most underrated comment here. Well said. The first time I heard about this, I didn’t trust it. Many who make money online, want “quick money”. But wealth takes its time. Understanding how money works, is and undefined learning period.
They make a lot of money; I don't think they are worrying about putting food on the table.
that's right. $250000 annual income can pay off $150000 in two years.
The wife's solution is to buckle down and pay it all off. His solution will be to double down on the day trading.
Man hopefully he gets his sht together cause this woman sounds truly special.
What is it with you Hispanics and European women?
@@front331 sir I’m from Philippines 🇵🇭
Separate accounts, buckle down and put him to work. He needs to feel that pain of getting that paid off.
Rachel is a very sharp cookie...cudos 👌
She lucky Dave wasn't there😂 ! He would say you're meals are gonna be rice and beans
What a strong woman! She dealt with her husband's mess bravely and finely. She could punch the living daylights out of him and still it would be justified. Great advice!
I hate it when John tells people what they are feeling...
🤣
It is really interesting that they don't seem able to provide concrete financial advice without Dave being physically present.
Sounded concrete to me
What would John say to a husband that called in because the wife make the same huge mistake? Rachel gives consistent advice, John likes to coddle females.
Many men do.
OMG YES! They make 250k/yr. Live on 100k and pay off 150k in a year. It's proportional. This is no worse than other calls with 80k debt and 160k debt.
What are you talking about? He'd say the same exact thing. Sounds like you have an anti woman bias.
@@adoe2305 ehh, not quite. Love Dr. John but he routinely goes tougher on guys but I think that's because he believes in tough love for men type of attitude.
@@roshunepp this make no sense. At 250k, you easily lose 30% (if not more) to taxes that come directly out of your paycheck, then you have health insurance (you ever see how much a family plan is per year?). So after all of that you are probably looking at $150-160k take home a year. That 100k you say the need to "live on" is gone right off the top. There is no way without an additional income source they could pay this off on their current income in a single year.
I think that would best be described as a gambling problem
I understand debt snowballing is a pillar of Dave Ramsey first and foremost, but in this situation, I think a cash out refi in 6-8 months is a better idea than a heloc. Pay off the debt, increase your mortgage payments, have hubby sell off some of his toys and make sure this doesn’t reoccur. Just my thoughts as a loan processor
Moving unsecured to secured always a bad idea. Need to get after it work through the pain & pay it off. 250,000 is a hugh shovel. & sell the toys, expensive cars, no vacation or parties
FOMO gets you everytime. Learn to control your emotions.
I know someone who remortgaged his house to gamble it, lost it all so his family lost their lovely home. She stuck by him for a good 10 years trying to get him through his addiction but he couldn't stop. Ended up going out and stealing to fund it. She has finally left him now
I needed to watch this
They make $250k annual. They can’t live on a hundred G for a year?
Not if they're living that 250k lifestyle and now they've got a missing 150k out of that. Depending on your monthly mortgage and other stuffs.
@@Sizukun1 excuses
@@firegirljen not really, that's exactly how high income people still end up in financial distress, they can still be poor if their expenses exceed their income
The loan isn't supposed to be a quick fix like Dr John was implying. I think the wife wants one to stop the hemorrhage bleeding then catch breath and formulate a game plan. With their income they should be able to clean this up pretty fast ( if they already are not living way over their means ).
Not if they have child care for those two small children
3:46
Dr John has to realize everything is not a path of addiction, some are just dumb decisions and lack of better judgement ( or any judgement ). Talk about your feelings when $4,000+ a month interest isn't accruing. Like a house burning down: you get out NOT stay in the burning house looking for a cause. Glad Rachel is there.
YEP.
He thinks everything's an addiction.
Most likely this was just a few shorts that went the wrong way where you can lose more money than you put in.
You have to turn off the gas before you can extinguish the fire.
If they pay off the debt and don't get help he will do it again
Not being able to control yourself, hiding your habits, and causing major distress sounds like addiction to me.
Btw Rachel brought up addiction and the caller agreed.
These guys never asked if he’s actually STOPPED. That’s kind of important!
First I was like meh because I thought it was his own money but after I heard it was debt my heart got broken 🤯
Yeah, title is misleading
I don’t even know how someone trades in Debt
Why do you care?
I’d love an update to this story after three years.
GME AMC BBBY has really gotten a lot of bag holders. Cut it out with the meme stocks and your life savings. Wanna throw a grand in a meme stock fine but this is crazy.
I threw 5k lucky it doubled and I took it out
But the adrenaline and rush you get can get addicted no lie
@@sendit3251 get ready for October 14th brotha next swap cycle when meme stocks run like in August I made 15k
I day traded my money in 2020. I felt like a genius! 2021...not so much. I had to stop myself from losing more.
Risk v reward. Women don't complain when the guys making money
So…this was not a good answer? Sure, take an extra job and use a legal pad, but she says at the beginning a HELOC payment would be lower than the other payments. If the interest rate is lower on the HELOC it’s refinancing and financially intelligent, not making the situation worse. Why did they miss this total softball?
Yikes - I don’t think Scumbag Steve is gonna be the type of guy that is gonna go out & get additional jobs. Sounds like he’s pretty into instant gratification…
I said the same thing
Wonder if 'she" racked up debt on spending you'd call the wife a scumbag?
Anyone can be a judge of other people, very few can judge themselves, and they are also the only ones who know how to truly forgive.
And without true forgiveness, there is no intimacy in any relationship because even the smallest errors are recorded and stored for future use.
@@ibealion1 - I see you & respect what you have to say…. But yeah, I don’t really buy into the whole “forgiveness” thing…
@@hansonallie I understand... I didn't either until I was forgiven.
You can't live until you are forgiven, and you can't be forgiven except by God. The debt is far too high. And it's easy to see the debt of another, but none of us can see how high our own debt has become until God lights it up with a giant flashlight for us.
Then we can say, "God have mercy on me, a sinner!"
And the best part is, He does... and He says he removes our sins from us as far as the east is from the west.
Till then, we live like slaves.
Yes. If it will save you money, then go ahead. You can save tens of thousands.
You are not moving the problem. This is moving it to save money.
Stamford city, Connecticut. That’s a rich city. I used to live in the east coast I know this area well.
With their income they should be able to pay it off in a year. Forget this "3-4 years" business. Forget this ridiculous concern about "putting food on the table." They have a huge income.
250k is not huge in Stamford ct with two kids
Do you live in the northeast? This is average to slightly above average income in a high cost of living area. They still have their regular budgetary items, this 150k is on top of that at high interest levels.
@@critterdude311 Thank you. Everyone is just looking at the number 250k, not taking into account everything else.
Whoops. He could’ve gotten rich slow with 150k. Tough for her.
Kate is right!!! My husband did this and I am pissed!!! Omg my heart sank because my husband also told me. And he's done this before and Kate is 1000% right this will only fix the problem temporarily but you want to fix it going forward and getting a loan is a huge mistake. He like my husband has a gambling addiction, but they will never own up and the only reason they finally confessed is because they are out of money and are looking for a way to get more money.
I would also add, "People make bad decisions when they are angry and crazy," too.
They make enough money to pay in less than two years
Lol no they don’t
I wonder if the guy who lost it posts on wallstreetbets
🤣🤣🤣
He does.
I bet he went all-in on worthless value stock companies.
First thing on my mind!
If she fixes it for him, he won't learn his lessons. They need marriage counseling right away. Smh
If you miss a heloc payment they can call the loan and repossess.
They call it day trading because most people who try it only spend one day doing it before losing their shirt
I understand getting out of debt is the issue at the end of the day, but a HELOC will help them step back from the edge a little bit easier and a little bit farther and allow them the opportunity to breathe easier. And in turn, they will be able to make some progress without feeling all that extra weight. The wait is still there to lift but not immediately.
A HELOC is never smart.
Well, local banks still offer 3.5% HELOCs, though they're going up fast.
CC debt is 26%.
On an amount that huge, even if not all is CC debt, we're probably talking $50k in interest saved over the payback period. I think pay it down with the HELOC, and then that amount should be contributed by him into her retirement savings or their kid's college funds.
Well the statement about interest savings over the repayment period is largely why they are always so against moving the debt. The Ramsey crew believe in the urgency to pay debt off as quick as possible thus the interest costs aren’t necessarily as immense as they seem on paper. But more so their worry is that you move the debt to low interest and then no longer have the urgency to pay it off as quickly and then may keep the debt around when maybe you’d have attacked it otherwise. So I get the math answer for sure but if I’m in their mindset k get why they see it how they do. It’s just so sad that a husband would do this to his family.
Doesn't need to be easy
I bet he will do it again because day traders always think they will do a one shot make up for all losses
Gamblers do the exact same thing.
@@Ryan_DeWitt day trading is gambling, worse it is legally levraged
Happened to me. Market Makers are scammers
No more vacations, parties or big purchases
This is why the capital loss limit needs to be increased already and adjusted with inflation. The $3,000 capital loss limit is so out of touch having been stagnant since when it was first instated in 1978. We've seen massive inflation over the past 45 years, and yet this amount remains unchanged. Everyone please stand behind the Capital Loss Inflation Fairness Act that proposes to increase this outdated amount from $3,000 per year to $13,000 per year (which is the fair and appropriate calculated adjustment for inflation).
Divorce him. He will ruin you eventually. Speaking from experience.
Do you think she has anything to begin with, he sounds like he was supposed to be the bank
@@hiteshadhikari having nothing on your own is better than being over 100k in the negative due to an utter fool
I feel sorry that so many people lost there heads in this speculative spree. I’ve tried to keep my purchases small.
Ouch!Good part he didn't hide the lost
this show is absolutely hilarious 😂
$147K in debt and you still have to wonder if he also didn't lose money they already had saved in some form or another.
NEVER put unsecured debt against your home. Make him responsible for repaying. He needs to be selling stuff and working a second job. Period. This is why joint finances make me cringe.
150k isn't even his biggest loss in this marriage. geez...