Z
ack, a 30-something from Nashville, Tennessee, made a successful transition from college to day trading after graduating with a finance degree. He's now earning between $30,000 and $90,000 monthly, but wants to diversify his investments by getting into real estate. However, Ramsey Show hosts George Kamel and Rachel Cruze think he should take a step back and assess his current financial situation before making the leap.

    Zack has been day trading for over three years, initially investing his own money, then joining proprietary trading firms that allow him to trade with "other people's money." He keeps 70-90% of the profits, but risks being cut off if he makes too many bad trades. This arrangement allows him to pay off student loans and build a substantial emergency fund.

    Kamel questions why Zack doesn't use his own money for trading, considering his success rate. However, Zack prefers to leverage prop firm funds, splitting the profits. He's applied Ramsey principles by paying off debt, building an emergency fund, and setting aside taxes. Now debt-free with $50,000 in liquid cash, he aims to invest in real estate.

    The hosts suggest that before diving into real estate, Zack should focus on increasing his income or exploring other investment options that align with his financial goals and risk tolerance.