Dave Ramsey Responds to Leveraging Gone Wrong

Wealthy Idiots Reacts to Dave Ramsey answering the question about when using leveraging has gone horribly wrong. Leveraging debt can be a good tool for building wealth. But what happens when you YOLO credit card debt into the stock market?

Dave Ramsey Highlights
Original Video: https://youtu.be/nkAEXNWy-sc

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00:00 Introduction
00:44 Introducing video: "I Borrowed $20,000 On Credit Cards To Invest, Now I'm Broke!"
01:31 Start of Dave Ramsey Clip
03:50 What does the caller do if he used credit cards to buy investments?
04:26 AJ thinks we aren't at the bottom of the recession
07:35 You can't outsmart the system
10:13 AJ's plan to help the caller
10:54 Credit Cards have the worst interest rates
12:19 Investing probabilities always gets better with time
14:01 Never pay leverage back with the investment appreciation
16:02 Your average gain has to be higher than the interest rate on the loan
17:13 Conclusion