The Ramsey Show Highlights I’m 18 and Make $15,000 a Week Day Trading
Mar 3, 2025
An 18-year-old day trader rakes in an astonishing $15,000 a week through futures trading, but the conversation swiftly turns to the risks involved in such high-stakes investments. The young trader grapples with the crossroads of financial responsibility and the temptation to splurge on luxuries like a high-end car. Listeners also discover how day trading success could help fund an aspiring doctor’s education, emphasizing the importance of long-term planning over immediate gratification. It's a rollercoaster of youthful ambition mixed with practical financial wisdom!
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Teen Trader's Success
- Amir, 18, makes $15,000/week day trading futures.
- He trades with a firm's capital, keeping 90% of profits after commissions.
Treat Winnings as a Windfall
- Dave Ramsey advises caution, citing day trading's high failure rate.
- George Kamel suggests treating the earnings as a windfall and cashing in.
Financial Advice for Young Investor
- Dave Ramsey suggests renting before buying a house and investing the money.
- He recommends a modest car purchase, emphasizing the uncertainty of future earnings.