Amir
Appearances
The Ramsey Show
There’s No Fast Track to Financial Freedom
So they take commissions off my trades and then they give me the rest.
The Ramsey Show
There’s No Fast Track to Financial Freedom
It's a 90-10 split. I get 90%, then they get 10%.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Uh, well, I've got most of it sitting in my bank account. Um, I still live with my parents, so I really don't have many living expenses. I'd say I probably only spend about maybe 1500 a month. Okay. I've just been saving it up and, uh, I've been planning on buying a nice car, but I don't know if that's the responsible thing to do.
The Ramsey Show
There’s No Fast Track to Financial Freedom
No, never. I actually recently just turned 18.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah. Yeah. I understand. It's not obviously a linear thing. I wasn't planning on buying, you know, a supercar or anything. I'm looking at a 2014 Mercedes CLS. It's about $28,000. And I was just wondering if buying that cash would be a responsible thing to do or not.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Uh, it is now. I used to, uh, do, um, like, uh, gigs on apps like DoorDash and Inbreeds before I became profitable.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Well, it really depended because I was still in high school and then towards the beginning of this year, I was still in college. So I was only working about 20 hours a week. So maybe at most like $1,500 a month, but some months I'd go up to like $25.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Well, I'm actually currently in college studying biochemistry. My dream is to become a doctor one day.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah, it does sound like med school. That would cover all four years.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Hey, guys. I'm a big fan. It's really nice to be on the show.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Yeah, so I'm in a bit of a unique spot. I'm 18 years old, and I trade futures. I'm a day trader, and I've recently started making a pretty large amount of money, and I just want help managing it correctly and making responsible choices.
The Ramsey Show
There’s No Fast Track to Financial Freedom
Well, I've been averaging about $15,000 a week for the past five months. The past week, I made $25,000. Wow.
The Ramsey Show
There’s No Fast Track to Financial Freedom
So how I actually trade is I'm a funded trader. I'm actually treated as an individual contractor, and the firm provides me with capital to trade with after they've evaluated me. So really, I just paid for that evaluation fee, which was only $150.