4.6 • 682 Ratings
🗓️ 18 April 2025
⏱️ 6 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. So I'm 26. I have a house that's paid off. |
0:11.9 | Me and my fiance have minimal to no debt, probably the maximum we have. I have around 1,100. She has around like $14,500 to $1,500 in debt. I've started trading options |
0:25.6 | about five years ago, wasn't successful, sort of sat down for the past two years, three years, |
0:32.5 | researching, studying markets. You guys are king of investing. So I wanted to get your advice on it. |
0:38.9 | I started about four or five weeks ago with $660. |
0:44.6 | And my account is now sitting at $4,800, $200. |
0:51.3 | So I don't know if I should continue with the strategy that I'm using of trading options, or do I move to a different strategy? |
1:05.8 | Well, you've called the right show and the wrong show. |
1:08.3 | You're not going to like what I tell you to do, and you probably won't do it. |
1:10.7 | I would tell you to stop day trading immediately and focus on long-term wealth |
1:14.7 | building through your normal day job income. Hey, George here with a quick interruption. If something |
1:20.3 | were to happen to you tomorrow, would your family know where to find your life insurance policy, |
1:24.4 | your will, even your Netflix password? Well, Knockbox solves that. It's a kit |
1:28.6 | that organizes your financial accounts, estate plans, and everything your family would need all in one |
1:34.1 | place. That way, they don't have to hack into your laptop or locate some long-lost thumb drive. |
1:38.9 | So leave them a legacy, not a scavenger hunt with Knockbox. Ramsey fans get the best discount available at knockbox.com slash Ramsey. |
1:46.8 | That's knockbox.com slash Ramsey. |
1:49.1 | Do you have a normal day job? |
1:52.0 | Yeah, so that's actually what got me back into trading |
1:55.1 | because I started this current position on that. |
1:58.4 | I work 412 a week, so it gives me two to three days to day trade. |
2:04.9 | I'm currently making 42.35 an hour, I believe it is, or 3240. |
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