An orthodontist just called Dave Ramsey with $1,000,000 in student loans.
Dave’s response was brutal.
DAVE: “How much is the interest alone every month?”
CALLER: “$5,800.”
DAVE : “So you’re bleeding $70,000 a year before you pay a single dollar of principal. Got it.”
CALLER: “I’m making $250k. Should I do income-based repayment?”
DAVE: “That’s like bailing out a sinking boat with a coffee cup. The water’s still winning.”
DAVE: “You drive a nice car?”
CALLER: “Well”
DAVE: “Sell it.”
CALLER: “I just”
DAVE: “SELL. IT.”
DAVE: “You need to live like a broke college student. Ramen. Roommates. No vacations. You are not rich.
You are $1,000,000 in the hole. ACT LIKE IT.”
I just set up a Robinhood agentic trading account and gave it $1,000.
I told the agent to go invest the money in the stock market and try to maximize long term returns. Let’s see how its returns compare to mine.
And so it begins.
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