There’s No Fast Track to Financial Freedom

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 3 February 2025

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan Jade Warshaw & George Kamel answer your questions and discuss: "I'm 18 and make $15k a week by day trading" "Should I accept a job offer located in Dubai?" " I don't know where my money keeps going" "Should I take Trump's employee buyout offer?" "How do we financially prepare for a baby?". Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp ◎ Get 10% off Byrna product bundles and more! 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY 💸 Learn more about opening a high-yield savings account with Laurel Road 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps 📱 Watch the full episode for free in the Ramsey Network app. 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 💵 Start your free budget today. Download the EveryDollar app! ☂️ Get trusted insurance coverage that fits your budget. 💼 Need help with your taxes? See who we trust. Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 🪑 Check out Front Row Seat with Ken Coleman! 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	From the Ramsey Network, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships.
0:22.6	I'm here with my good friend, George Camel. Good to have you here, bud.
0:27.5	Excited to be here. Thanks for having me, Jay. Now you have a lot of options. Thanks for choosing me.
0:31.6	It was nice to invite you on today. That's a lie. Well, we're here to take calls. It's a live show. Triple-8-825-5-2-2-25 is how you get involved. I hope you do talking about your life, your money. Let's get right to the phone lines. We've got Amir in Irvine, California. What's up, Amir?
0:49.4	Hello. Hey, what's up? How can we help? Hey, guys. I'm a big fan. It's really nice to be on the show.
0:56.8	Glad you're here. What's going on?
0:59.8	Yeah, so I'm in a bit of a unique spot. I'm 18 years old, and I'm actually, I trade futures.
1:06.3	I'm a day trader, and I've recently started making a pretty large amount of money and I just want help
1:12.9	you know managing it correctly and making responsible choices when you say you've been making a lot of
1:18.0	money tell us real dollar amounts well I've been averaging about 15,000 a week for the past five months.
1:28.3	Okay.
1:28.5	Wow.
1:28.8	This past week, I made 25,000.
1:32.2	Wow.
1:33.0	What did you start with?
1:36.0	So how I actually trade is I'm a funded trader.
1:39.9	I'm actually treated as individual contractor contractor and the firm provides me with capital
1:44.3	to trade with after they've evaluated me.
1:46.5	So really I just paid for that evaluation fee, which is only $150.
1:52.3	So you're not investing your own money?
1:54.7	No.
1:55.7	How do you get paid?
	...

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