Thanks to George for sharing his expertise! Leave a “YES” if you enjoyed this and share the biggest moment for you. And make sure to subscribe to never miss out on inspiring content like this again RUclips.com/lewishowes
Honor of a lifetime to be on the show. Thank you for an incredible conversation, Lewis. Hope this interview and book help people live with more financial peace!
PS sorry I called you "Georgie Porgie". It was a term of endearment when I was young for one of the best people I've ever met in my life who's name also happened to be George... I realize that insider knowledge was probably lost en mi communicado and might have come across brash, obnoxious, or worse - insulting. Meant the opposite - love your shows so much you feel like an old friend bringing good tidings. Cheers to seeing your work hit some fresh cool markets! 😎 🍻
I am an asian immigrant and has always been insecure with my net worth. Since I listened to George and the rest of the Ramsey team, I couldn’t believe my net worth now for just 3.5 years is satisfactory compared to the rest of the Americans. Keep up the good work and keep inspiring others!! In the Philippines we call it “Mabuhay ka!”
Pinoy as well, In Pinas you save and buy cash so you don’t pay cash most of the time so we really tried our best to do it here for 2 decades, we have 2 new cars but paid cash, mortgage only credit because we have 2.25 interest rate.
I was married to a spendaholic for 30 years. It took me a decade to get out of debt (he declared personal bankruptcy) and now I am finally making headway. I've turned it around but feel overwhelmed by not having a pension or enough savings to retire on. I'm 66. This is scary. I'll continue to work of course, but don't know how long I can. Thanks for this content.
I’m 71. Was retired. Then eased back into part-time work. It’s about 20 Hours a week. I like it. I especially enjoy people I know through work. I have flexibility and ample time to do things with friends, etc. Fifty percent 10:53 v of my work earnings go into my 401k. Take off when I want. I don’t compete with anybody but myself and keep getting better. People who don’t know me well feel sorry for me! So clueless.
Great quote I heard on Modern Wisdom podcast. The Sesaw effect. “ When you’re on your way up, everyone roots for you because you remind them of their dreams. When you’re at the top, everyone tears you down because you remind them of what they gave up on”
I learned to spend less than I earned early on. I’ve lived my life largely free of debt… and never had a negative net worth. The frugality has been well worth it.
Last year in January I got an DUI and got a driving ban for 12 months. After 30 days I suddenly had an extra 800€ on my account because I didn’t have any gas bill etc. I have been using my electric bike now for 12-13 months and out of nowhere I have about an extra +-9k in savings. It still blows my mind that how expensive a car is and how much I have been spending on it for the past 15 years.
I've been there ,I had a DWI and didn't drive for 8 years. I was able to save up enough money to buy a car in cash when I got my license back. I could really see the savings not driving. I used an electric bike to get around most of the time. It was great living in the city the electric bike was because the city had a network of bike trails and bike lanes that Google maps could navigate you anywhere pretty safely. I used the electric bike to make money by delivering Uber eats with it too. I did well doing that you figure no gas expense!! This was in Seattle a very bike friendly city. And I found the weather was not a problem There too, I could bike most of the winter you just get a little wet LMFAO 😂
Lol did you already do court and all that? Cuz it doesn’t sound like it! I say this bc you’re the first person (literally the first) I’ve ever heard say, I got a dui and saved money! 😂🤣
Amen Aged 45 with house and 2 car loans, 2 kids in SoCal and suddenly widowed. Budget watched like a hawk and paid everything off in 4 years. It seemed like a long time until the first loan payoff but then it really does snowball.
I'm faced with the start of my retirement at a time with high inflation. If I do, I’ll have just $500k, it’s possible my funds could dry up as I’ll now need to rely on withdrawals. It scares me to think I will have to keep working until the economy improves
I'm almost ready to retire, and having a financial advisor has been incredibly beneficial. Since I started investing later in life, I couldn't rely solely on compound interest from index funds. Nonetheless, I've managed to earn more than some long term investors. I'll be retiring with at least $5 million
I generally avoid giving specific recommendations since everyone's situation is different, but I've worked with Emily Ava Milligan for 7 years and attest to her great service. see if she meets your criteria
If you have paid off your principal home buy a bus turn it into a mobile home rent out the home live in your Mobile home travel your home country for your retirement with the rent from your home and withdrawal of about 800$ a week from your 500k you should be good
When I got married I had $120k saved for my house and my wife had $100k in student loans. Luckily I used it to buy a house when it was still affordable. It took us 4 years after buying the house to pay off the loan, now we are trying to pay off the mortgage in the next 7 years.
@ClaxtonBayHow House would have been more expensive 4 years later ? How would it have saved money paying the S loans off first then buying the house 🤔
One of the best interview. His strategy in building wealth and financial freedom is practical, doable and easy to follow. Thanks for the simple tips. He is humble and empowering.
@@JakeRichardsong I guess defacto is just as serious these days in terms of the legal implications on partners. You can still be required to go through settlement when you split.
Just don't go out and marry someone for that reason though! Could come back to bite you in end. That statement has to be taken with many other factors in consideration~ use that advice with discernment & wisdom... make sure you know the other person's financial mental health.
Amen to what George says! Living below your means is key. I would add -- visit your accounts often and have physical reminders your goals -- spreadsheets that show you where you're at. This will remind you of the goals you've set.
you can also try having multiple income streams. Passive or active income can help. So you don't have to feel that poor that you would deprive yourself too much of small things that make you happy.
Absolutely essential to have your plan written down and tracked every month or so. The first few years will not be on targets, but with experience the plans will become achievable taking into account additional spendings, emergency funds, diversifying investments etc. Also with regular tracking our spending comes down, or atleast its more controlled, on things and experiences that matter
I work with 3 young ladies who all have college educations but still live off their parents monthly bc they can't budget. They are not working with their degrees bc that's just not really what they wanna do. They call off of work more than they work and eat Uber daily. They all waste 2 hours of the company's time color-coding their budget as they are online buying plants and silly crafts that they plan to someday sell online. Oh and not to mention they spend hours online gaming and finding husbands from other countries that they have never met. They all wonder how I'm older and I'm all around happy and financially stable. Make a budget today and stick to it
Probably my favorite podcast of yours. I loved this episode so much because George is such a relatable person and he is giving us a plan we could follow. Thank you George!
I remember George as a singer, I knew he worked for Ramsey but that was long before he was in front of the camera.Later, George got to do 1 minute videos for Ramsey and low and behold, he became a host. Such a talent.
As a guy graduating debt free soon, this was a needed video to watch when I start dating again. I need to pick wisely. If she is like me in terms of saving for the future and she has debt, I don’t mind helping her or potentially paying it off for her so we can grow together as soon as possible .👍🏼
George's story is incredibly motivating and shows the power of financial discipline. For entrepreneurs looking to replicate his success, it's crucial to understand the compound effect of small, consistent financial decisions over time. it's not just about cutting expenses, but also about strategically increasing your income streams.
My kids graduated college with no loans or debt. My gift to them. I made them swear that they would tell anyone who asked, that they are soooo in debt, credit cards maxed, etc. They aren’t but that’s the way society is these days.
They should be proud to be debt free. why lie and tell people they’re in debt? Today’s society everyone’s in debt, which is the “popular” thing to do but I say screw that. Better to be debt free in my opinion. If people ask, it’s better to let them I’m debt free, you can do it too. Just have to make sacrifices, work hard, they can be stress free & not worry about owning anyone.
Seven years also feels like an eternity when you're 46, not just when you're in your 20s. I am glad to see financial folks coming up with advice for people in a wide variety of life stages. It's disheartening to listen to one talk about doing stuff when you're young, knowing that the best years as far as compounding interest goes are behind me. I have to start -today-, and somehow resist the urge to do anything foolish because I feel rushed.
@lewishowes you know your audience so well. The moment any question comes to my mind while speaker is talking , I hear you asking that the the very next moment. ❤
Y’all have to remember most of this kind of advice is very smart. For the masses some of yall disagree because you don’t fall into the mass of people in the United States. So if that’s you just be blessed and think about being in others shoes. That something I can’t stand when people just forget what’s it’s like to be struggling and everything that comes with that financially. And once again if you never experienced this just be blessed and thankful. Very good video I enjoy both of y’all’s content.💯
I've been listening to the content from both of you guys and today clicked into place. I guess I had to be ready to hear it. I've been trying to figure out which thing will make me feel better and happier and have even got estimates. I've been thinking about doing a home renovation, getting a nicer car or installing a pool when I get my new higher paying job next month. But today thanks to your video I'm going to focus on paying off my consumer debt first. Thank you so so much for this motivation.
I am from California and I paid my house off without a partner, and I agree it's easier with two, but not everyone can find a woman who is debt free. So, I say go at it alone like I did,.
Great Interview Lewis! Happy you had George in your podcast his a wonderful guy who I follow as well as Dave Ramsey. The baby steps work. You just have to commit and discipline yourself. Remember, the borrower is the slave of the lender. Live a debt free life and enjoy the fruits of it later on in life.
George Kamel is one of my favorite in finance and comedy as well! I listen to Lewis and Ramsey show on my way to work, during my functional activities and it’s always so rewarding ❤️❤️
Yes! I definitely enjoyed this interview and agree with every word! I’m a Marine Corps veteran about to divorce, sell my home in Virginia Beach and purchase a new home in Texas so paying off a home in 7 years 😅sounds awesome! I’d like to know all about the Ramsey baby steps he mentioned. Great interview… great advice from 2 great guys.
@disposabledad I think that Virginia Beach is an extremely nice place to live however, my soon to be ex husband is horrible. Texas has incentives for Veterans like myself and I loved the new construction, cost of living and tax exemptions. I recommend Virginia Beach and Chesapeake VA to everyone.
It's amazing how I'm listening to this show, thinking about my situation and you guys , Hit on that topoc. I think more and your conversation goes there next... uncanny!
that was one of the first things I lrearned as a 20 somthing ....if you cant afford the car outright you cant afford payments . I bought the Personal Finance for Dummies book backin the 90s, remember those ? and learned a lot from that book
Thanks to Dave and George! It was like I was on an island by myself for years. I got strange looks when we would refuse to go to destination weddings or a whole family vacation that was not in our budget. I’ve never heard of the 7 baby steps until like 8 months ago but I’ve been living them for 20 plus years!! Our house is paid vehicles are paid we have a nice chunk saved for retirement and my wife will have a pension. It is true what they say,live with in your means and save save save!!! I am looking to retire at 60 (3.5 years) and most of my working career I was a simple truck driver 😮 it’s not what you make but what you do with it!!!!
Unbelievable you are sing my song! I was doing long haul for 15 years then got a shunting job at the place I was doing long for. Long story short heart attack and my license was pulled! And was able to bump into the mill.But my house was paid my vehicles was paid and money for retirement! Just because we lived with in our means. No fancy cars or vacations , just plain living and enjoying a stress free life!
yea, a spouse can also take everything from you. It definitely goes both ways. Number one thing is to take care of yourself first. Always have a backup plan. I just went through this. Also get a prenup
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Thank you Lewis for another informative, intellectual conversation/interview. I love your show and enjoy the guests you have on. I gained more respect for George after he shared some backstory. I was that college kid also. As always, I gained pertinent knowledge. Keep on, keeping on!
💯 % agree abt the relationships, am a saver (I like to spend too but within reasonable limits) and I tend to have things planned out financially, my bf and father of my child is a spender (impulsive) and we don’t see eye to eye on finances and that causes a lot of friction in our relationship and is the single biggest issue why I can’t marry him after a 14 yrs together. Ugh, its a tough one.
I am the spender in my relationship. I assume after 14yrs you've already tried to have 'the talk', but this is for the people who haven't yet: Sit down together, when you both aren't mad or tired, and share your goals together. Find out WHY you have them (for me, spending is a result of growing up super restricted), and what you can do TOGETHER to achieve your goals. No judgement on either side of why you each have your traits, just a calm conversation. Then set limits together on how much can be spent safely and comfortably, and how much to save and not touch. If you show that you care enough about your partner to find out what triggers the spending sprees, chances are they will see and appreciate it and agree to help reach your savings goals. It takes time and effort, and understanding, on both sides.
This was one of the best and most useful interviews I have seen in a long time. Great interviewer, letting the guest really share his views and experiences, and inspiring wisdom from such a young father.
Regarding the car topic: pay in full vs payments; there may be a minority who looks at this mathematically. For example, if the car brings them joy and they can more than afford it, and the rate they have to pay is less than 2%, that person may opt to do payments since their investments or savings rate are paying multiples over the loan interest. Again, a minority of the population. But enough not to make a blanket statement.
@@dianeathoacardinalridge8788ive seen people pay 20 percent intrest just because they dont have credit. Its getting crazy out here for real. People need to be a little more frugal and buy a reliable beater
YES!!. My favorite of your interviews of all time!... This is where discipline and common sense go hand and hand. Get rid of the outside noise of keeping up with the Jones and take responsibility and focus on your s err of.❤❤
That's because they don't have a Prenuptial agreement. If they had the agreement everything will be set out in the case of a divorce therefore things will get split evenly and there will be certain accounts that cannot be touched based on it's a business. You obviously are a bitter divorce and you just don't want people to get married for some reason when this probably get divorced and I'll be married all the time. Don't be bitter, be better!
I love how nobody talks about inverited poverty thru ancestral curses. Took me 20 years to realize it and accept it. After things fell in place. A process that took over a year. Everyone bring bucket to fill a cup that has concrete in it.
Please, don't be apologetic for giving your child a better life than you had. That has been the wish of parents since the beginning of time, it's human nature. The more "modern" guilt of privilege and providing for you family is new and wrong. Good luck and congratulations on your achievements.
Can't even take care of myself: thank God I don't have a woman or child relying on me! Don't know how people are so smart, selfless, and mature, because they manage to do so much more than me.. I don't know how y'all do it, when life doesn't hand you anything, and absolutely crushes you from A to Z..
@@MF-kr4hf Learning from what others do who are successful in the things that interest you is one of the most effective ways to change your outcome. Simplicity is also a virtue. Don't try to reinvent the wheel, just do the right things repetitively and over time you will see changes. Good luck and God Bless.
Great advice. The only thing I don’t agree with is using points. Especially if you’re buying what you’ll need anyway. I always get points including on my debit card. “spend the same $1 twice.” But I still respect his perspective.
Even when paychecks increase, if rent outpaces it you’re still stuck. That’s another benefit of a fixed mortgage. My rent increased by half just as I got into my new home. I dodged a bullet by buying a home.
This episode was so good that I just finished listening to it, and now I wanna play it again. The advice was so simple, straightforward, and easy to digest. As a fellow millennial there was so much that I could relate to, and you two gave me a lot to consider and reconsider.
I went out every weekend, I bought energy drinks everyday like people buy coffee, and I drove new vehicles yet I made it to millionaire status quickly and I did it because I got involved in a job where I worked hard with a high ceiling of earning. Has almost nothing to do with spending especially on those things he talked about. Nothing annoys me more than millionaires telling people they can be rich by being cheap. Ramsey personifies this
High income speeds up your savings rate. It’s just math. However the philosophy of delayed gratification and appreciating what you have are deeper values. Appreciating the value of a dollar and focusing on what you can control are MANDATORY for people who DONT have a high income. Ramseys process works. However he never said not to go out and get the highest income you can either. Ramsey gets people of out debt and helps change their mindset.
YES! interesting & inspiring episode. I’m grateful for my simple lifestyle & used cars - lol. My dad always told me don’t try to impress anyone except yourself.
With the cost of living increase, it is a struggle for many to live on less than they make. It is not always that people spend more than they can afford. I was making $60k & accumulated $20k in debt from credit cards and a NEEDED HVAC system. My salary decreased to $42k, then $21,800 (work in sales). However, I am paying $20k in legal fees and bail fees for a family member & I still have the credit card debt. I am in the red now because income decreased, more expenses & have to use credit cards to keep utilities on.
Thank you George & Lewis for such insight into managing debt...I'm in Australia & even though things are different, I have gotten some good pointers from you
![ARGENTINA vs. PERÚ [1-0] | RESUMEN | ELIMINATORIAS SUDAMERICANAS | FECHA 12](http://i.ytimg.com/vi/xtI25ENDDSY/mqdefault.jpg)
Thanks to George for sharing his expertise! Leave a “YES” if you enjoyed this and share the biggest moment for you. And make sure to subscribe to never miss out on inspiring content like this again RUclips.com/lewishowes
Yes, from Querétaro, México!
Thank you for another great interview Lewis! George, I see why you are part of the Ramsey group. Thank you sharing your knowledge with us
This was an eye opener! Thank you!
Great interview like always Lewis 👍🏼
Yes 👍
Honor of a lifetime to be on the show. Thank you for an incredible conversation, Lewis. Hope this interview and book help people live with more financial peace!
This is going to be incredible!! I can't wait!!! Thank you!!!!
PS sorry I called you "Georgie Porgie". It was a term of endearment when I was young for one of the best people I've ever met in my life who's name also happened to be George...
I realize that insider knowledge was probably lost en mi communicado and might have come across brash, obnoxious, or worse - insulting.
Meant the opposite - love your shows so much you feel like an old friend bringing good tidings.
Cheers to seeing your work hit some fresh cool markets! 😎 🍻
Congrats @GeorgeKamel !!! ❤ a FPU grad 🎉
I adore you, George Kamel. I enjoyed this interview very much. Thank you.
So happy for your book! You rock!!!
I just paid off 3/8 credit cards and i won't stop until everything is paid off. Let's be debt free everyone!! Let's GO!!!
Dude wtf did you bought on 8 cards?
Its easy to get that many cards. They keep giving 0% on balance transfers. And so you do that and end up keeping the other. They add up quick
Congrats on the progress! Keep it up!
Woohoo! You go!!!
In Europe, credit cards have no much popularity. In my family we had never ONE! I know almost everyone having ZERO credit cards, just debit cards.
I am an asian immigrant and has always been insecure with my net worth. Since I listened to George and the rest of the Ramsey team, I couldn’t believe my net worth now for just 3.5 years is satisfactory compared to the rest of the Americans. Keep up the good work and keep inspiring others!! In the Philippines we call it “Mabuhay ka!”
🙌
glad to see another pinoy immigrant here. :)
Yes! Mabuhay!
Pinoy as well, In Pinas you save and buy cash so you don’t pay cash most of the time so we really tried our best to do it here for 2 decades, we have 2 new cars but paid cash, mortgage only credit because we have 2.25 interest rate.
What is Ramsey????
I was married to a spendaholic for 30 years. It took me a decade to get out of debt (he declared personal bankruptcy) and now I am finally making headway. I've turned it around but feel overwhelmed by not having a pension or enough savings to retire on. I'm 66. This is scary. I'll continue to work of course, but don't know how long I can. Thanks for this content.
I’m 71. Was retired. Then eased back into part-time work. It’s about 20 Hours a week. I like it. I especially enjoy people I know through work. I have flexibility and ample time to do things with friends, etc. Fifty percent 10:53 v of my work earnings go into my 401k. Take off when I want. I don’t compete with anybody but myself and keep getting better. People who don’t know me well feel sorry for me! So clueless.
Why dont you create a RUclips content on how you overcome debt and grow wealth?
Same
Was he spending your money ?
@@beth3535you're doing great!
Great quote I heard on Modern Wisdom podcast. The Sesaw effect. “
When you’re on your way up, everyone roots for you because you remind them of their dreams. When you’re at the top, everyone tears you down because you remind them of what they gave up on”
I learned to spend less than I earned early on.
I’ve lived my life largely free of debt… and never had a negative net worth. The frugality has been well worth it.
Last year in January I got an DUI and got a driving ban for 12 months. After 30 days I suddenly had an extra 800€ on my account because I didn’t have any gas bill etc. I have been using my electric bike now for 12-13 months and out of nowhere I have about an extra +-9k in savings. It still blows my mind that how expensive a car is and how much I have been spending on it for the past 15 years.
Love this story, can't wait until I see 9k one day in my "YNAB".
I've been there ,I had a DWI and didn't drive for 8 years. I was able to save up enough money to buy a car in cash when I got my license back. I could really see the savings not driving. I used an electric bike to get around most of the time.
It was great living in the city the electric bike was because the city had a network of bike trails and bike lanes that Google maps could navigate you anywhere pretty safely. I used the electric bike to make money by delivering Uber eats with it too. I did well doing that you figure no gas expense!! This was in Seattle a very bike friendly city. And I found the weather was not a problem There too, I could bike most of the winter you just get a little wet LMFAO 😂
And not having to pay for gasoline. Electricity is much cheaper.
Love your story. Keep killing it!!!
Lol did you already do court and all that? Cuz it doesn’t sound like it!
I say this bc you’re the first person (literally the first) I’ve ever heard say, I got a dui and saved money! 😂🤣
Amen
Aged 45 with house and 2 car loans, 2 kids in SoCal and suddenly widowed. Budget watched like a hawk and paid everything off in 4 years. It seemed like a long time until the first loan payoff but then it really does snowball.
This man has a lot of interesting phrases. "Average George", "Land of the free, home of the broke'. Priceless
Agreed, also "mental calories"
I like the "when you run other peoples races, there is no finish line"
Ramsay jargon. They all talk like that.
@@schalon9742lol facts 😅
😂😂😂😂😂😂😂😂😂😂
I think this is the most valuable episode of a podcast I’ve ever seen.
For me also
I’m a huge Kamel fan, great interview!
YES!! Love how you interview Lewis. You listen, ask the important questions, and let your guests be the star.
Thank you so much for your kind words 🧡
I'm faced with the start of my retirement at a time with high inflation. If I do, I’ll have just $500k, it’s possible my funds could dry up as I’ll now need to rely on withdrawals. It scares me to think I will have to keep working until the economy improves
I'm almost ready to retire, and having a financial advisor has been incredibly beneficial. Since I started investing later in life, I couldn't rely solely on compound interest from index funds. Nonetheless, I've managed to earn more than some long term investors. I'll be retiring with at least $5 million
Your advisor must be excellent. How can I get in touch with them? I'm worried about my retirement portfolio and could really use some guidance.
I generally avoid giving specific recommendations since everyone's situation is different, but I've worked with Emily Ava Milligan for 7 years and attest to her great service. see if she meets your criteria
I looked up her name online and found her page. I emailed and made enquiries. Thanks for the help
If you have paid off your principal home buy a bus turn it into a mobile home rent out the home live in your Mobile home travel your home country for your retirement with the rent from your home and withdrawal of about 800$ a week from your 500k you should be good
When I got married I had $120k saved for my house and my wife had $100k in student loans. Luckily I used it to buy a house when it was still affordable. It took us 4 years after buying the house to pay off the loan, now we are trying to pay off the mortgage in the next 7 years.
That's amazing. Love that you were willing to help her pay that student loan down. So many men wouldn't marry her bc she had that debt.
You would have gotten there faster if you did it the other way around.
@@ClaxtonBay123that would depend on the interest rate on the loans.
Wow @@ClaxtonBay123
@ClaxtonBayHow House would have been more expensive 4 years later ? How would it have saved money paying the S loans off first then buying the house 🤔
One of the best interview. His strategy in building wealth and financial freedom is practical, doable and easy to follow. Thanks for the simple tips. He is humble and empowering.
I’ve always said: “Who you marry will MAKE you, or BREAK you.”
Not all people get married though.
@@JakeRichardsongthat’s still an equally important decision.
@@JakeRichardsong I guess defacto is just as serious these days in terms of the legal implications on partners. You can still be required to go through settlement when you split.
Facts
Ridiculous.
Wow!! A Spouse is a wealth building tool!! This just changed my life!!! Thank you
You're welcome, thank you for being here! 🧡
Lewis, just to say...your skin is so beautiful!!! Amazing!
Of course
He should have said, “A spouse CAN BE a wealth-building tool.” A spouse can also be a wealth killer.
Just don't go out and marry someone for that reason though! Could come back to bite you in end. That statement has to be taken with many other factors in consideration~ use that advice with discernment & wisdom... make sure you know the other person's financial mental health.
Amen to what George says! Living below your means is key. I would add -- visit your accounts often and have physical reminders your goals -- spreadsheets that show you where you're at. This will remind you of the goals you've set.
Yes ,measure your progress . That why ee will know how far we are from or goal or if we reached it or not.
you can also try having multiple income streams. Passive or active income can help. So you don't have to feel that poor that you would deprive yourself too much of small things that make you happy.
Absolutely essential to have your plan written down and tracked every month or so. The first few years will not be on targets, but with experience the plans will become achievable taking into account additional spendings, emergency funds, diversifying investments etc. Also with regular tracking our spending comes down, or atleast its more controlled, on things and experiences that matter
@@JOY-yq1fn any suggestions on these passive income streams?
I work with 3 young ladies who all have college educations but still live off their parents monthly bc they can't budget. They are not working with their degrees bc that's just not really what they wanna do. They call off of work more than they work and eat Uber daily. They all waste 2 hours of the company's time color-coding their budget as they are online buying plants and silly crafts that they plan to someday sell online. Oh and not to mention they spend hours online gaming and finding husbands from other countries that they have never met. They all wonder how I'm older and I'm all around happy and financially stable. Make a budget today and stick to it
Probably my favorite podcast of yours. I loved this episode so much because George is such a relatable person and he is giving us a plan we could follow. Thank you George!
So glad you enjoyed it! Appreciate you for watching.
Qaà😊😊😊😊😊😊@@lewishowes
10:50 JOMO - joy of missing out. When you keep up with others, there is no finish line. When you miss out, you run your own race.
Aw, how wonderful for children to have such a thoughtful Dad.
I remember George as a singer, I knew he worked for Ramsey but that was long before he was in front of the camera.Later, George got to do 1 minute videos for Ramsey and low and behold, he became a host. Such a talent.
👍
As a guy graduating debt free soon, this was a needed video to watch when I start dating again. I need to pick wisely. If she is like me in terms of saving for the future and she has debt, I don’t mind helping her or potentially paying it off for her so we can grow together as soon as possible .👍🏼
I love how proud of a dad he is, he literally had to show you a picture of his little girl, so cute x
Such a new parent thing to do right? Lol he's such a proud dad. He mentioned his daughter a few times! Love it!
George's story is incredibly motivating and shows the power of financial discipline. For entrepreneurs looking to replicate his success, it's crucial to understand the compound effect of small, consistent financial decisions over time. it's not just about cutting expenses, but also about strategically increasing your income streams.
Thank you. I didn't hear or see anyone mention that.
Thank you George for not hiding your Middle Eastern roots ❤
George’s hairdo is on point!
❤
My kids graduated college with no loans or debt. My gift to them. I made them swear that they would tell anyone who asked, that they are soooo in debt, credit cards maxed, etc. They aren’t but that’s the way society is these days.
They should be proud to be debt free.
why lie and tell people they’re in debt? Today’s society everyone’s in debt, which is the “popular” thing to do but I say screw that. Better to be debt free in my opinion.
If people ask, it’s better to let them I’m debt free, you can do it too. Just have to make sacrifices, work hard, they can be stress free & not worry about owning anyone.
Hahaha paying for your kids college under the condition they lie to everyone! 😂🤣😂
@@Solo76239some debt is good debt but I do agree! I consider myself debt free myself. 👍🏼
Wow, really??? Paying your kids to lie essentially…
This is the widest thing I've read
13:01 - it is true - my mom did change her life and body language once she paid off all her debts.
Seven years also feels like an eternity when you're 46, not just when you're in your 20s. I am glad to see financial folks coming up with advice for people in a wide variety of life stages. It's disheartening to listen to one talk about doing stuff when you're young, knowing that the best years as far as compounding interest goes are behind me. I have to start -today-, and somehow resist the urge to do anything foolish because I feel rushed.
Realistically, you’ve got 27-plus years ahead of you! Get going!
I started late too, but I still started. Glad I did, now nearing retirement age. You can do it....just start.
Don’t compare to the 20’s that was..start your 20 now, you got this
@lewishowes you know your audience so well. The moment any question comes to my mind while speaker is talking , I hear you asking that the the very next moment. ❤
Y’all have to remember most of this kind of advice is very smart. For the masses some of yall disagree because you don’t fall into the mass of people in the United States. So if that’s you just be blessed and think about being in others shoes. That something I can’t stand when people just forget what’s it’s like to be struggling and everything that comes with that financially.
And once again if you never experienced this just be blessed and thankful.
Very good video I enjoy both of y’all’s content.💯
I've been listening to the content from both of you guys and today clicked into place. I guess I had to be ready to hear it. I've been trying to figure out which thing will make me feel better and happier and have even got estimates. I've been thinking about doing a home renovation, getting a nicer car or installing a pool when I get my new higher paying job next month. But today thanks to your video I'm going to focus on paying off my consumer debt first. Thank you so so much for this motivation.
You're welcome, thank you for watching🧡
This is absolutely pure GOLD.
👍
Lewis you’re so humble and amazing! I love George too 😊 so happy about this episode
I am from California and I paid my house off without a partner, and I agree it's easier with two, but not everyone can find a woman who is debt free. So, I say go at it alone like I did,.
Great Interview Lewis! Happy you had George in your podcast his a wonderful guy who I follow as well as Dave Ramsey. The baby steps work. You just have to commit and discipline yourself. Remember, the borrower is the slave of the lender. Live a debt free life and enjoy the fruits of it later on in life.
The most attractive thing about a man is his intelligence and integrity.
George Kamel is one of my favorite in finance and comedy as well! I listen to Lewis and Ramsey show on my way to work, during my functional activities and it’s always so rewarding ❤️❤️
Totally relatable - my favorite guest!
Yes! I definitely enjoyed this interview and agree with every word! I’m a Marine Corps veteran about to divorce, sell my home in Virginia Beach and purchase a new home in Texas so paying off a home in 7 years 😅sounds awesome! I’d like to know all about the Ramsey baby steps he mentioned. Great interview… great advice from 2 great guys.
@disposabledad I think that Virginia Beach is an extremely nice place to live however, my soon to be ex husband is horrible. Texas has incentives for Veterans like myself and I loved the new construction, cost of living and tax exemptions. I recommend Virginia Beach and Chesapeake VA to everyone.
It's amazing how I'm listening to this show, thinking about my situation and you guys , Hit on that topoc. I think more and your conversation goes there next... uncanny!
This guy made me PROUD of myself for living the way he's sharing 🎉🎉
Thank you for watching! 🧡
Absolutely true!!
Keeping up with the Jones disillusionment
Will keep you bound to debt
Live within your means 🙌✨️👌
Dude your podcast is a treasure, its helped me immensely..
So happy to hear it was helpful for you! 🧡
One of the best interviews ever. Loved it.
Thank you!
that was one of the first things I lrearned as a 20 somthing ....if you cant afford the car outright you cant afford payments . I bought the Personal Finance for Dummies book backin the 90s, remember those ? and learned a lot from that book
Lovely heartwarming episode, guys. I appreciate so much that both of you are not cynical. Your openness is life-saving.
Thanks to Dave and George! It was like I was on an island by myself for years. I got strange looks when we would refuse to go to destination weddings or a whole family vacation that was not in our budget. I’ve never heard of the 7 baby steps until like 8 months ago but I’ve been living them for 20 plus years!! Our house is paid vehicles are paid we have a nice chunk saved for retirement and my wife will have a pension. It is true what they say,live with in your means and save save save!!! I am looking to retire at 60 (3.5 years) and most of my working career I was a simple truck driver 😮 it’s not what you make but what you do with it!!!!
Unbelievable you are sing my song! I was doing long haul for 15 years then got a shunting job at the place I was doing long for. Long story short heart attack and my license was pulled! And was able to bump into the mill.But my house was paid my vehicles was paid and money for retirement! Just because we lived with in our means. No fancy cars or vacations , just plain living and enjoying a stress free life!
Yes, I been following Dave Ramsey and Team 4-5 months now and absolutely happy and enjoying my journey to financial freedom and life 👍
Me too! 🎉🎉🎉🎉🎉
What is that?
George, it was an awesome show. Thanks buddy.
Thanks for being here!
yea, a spouse can also take everything from you. It definitely goes both ways. Number one thing is to take care of yourself first. Always have a backup plan. I just went through this. Also get a prenup
YES , be hopeful , be kind and be YOU! ❤
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Thank you Lewis for another informative, intellectual conversation/interview. I love your show and enjoy the guests you have on. I gained more respect for George after he shared some backstory. I was that college kid also. As always, I gained pertinent knowledge. Keep on, keeping on!
🧡
I really liked the way he spoke and explained the concepts very candid and relatable
My hubby drives an 07 Civic… and it’s still pristine. 😁
“ Good point made”. Premium info. Valuable stuff
Loved this interview. He is full of wisdom. Thrilled a wise man is successful too but not surprised he is either. His daughter is lucky.
You have got to be one of the greatest teachers I have ever learned from.
Yes! Thanks George loved your take away to your daughter of the 3 legacies! Hope, kindness and self confidence 👏
I really enjoyed this video so much that I just bought George's book along with the workbook. Thanks to both of you awesome people.
So glad you enjoyed it! Appreciate you for watching.
💯 % agree abt the relationships, am a saver (I like to spend too but within reasonable limits) and I tend to have things planned out financially, my bf and father of my child is a spender (impulsive) and we don’t see eye to eye on finances and that causes a lot of friction in our relationship and is the single biggest issue why I can’t marry him after a 14 yrs together. Ugh, its a tough one.
I am the spender in my relationship. I assume after 14yrs you've already tried to have 'the talk', but this is for the people who haven't yet:
Sit down together, when you both aren't mad or tired, and share your goals together. Find out WHY you have them (for me, spending is a result of growing up super restricted), and what you can do TOGETHER to achieve your goals. No judgement on either side of why you each have your traits, just a calm conversation. Then set limits together on how much can be spent safely and comfortably, and how much to save and not touch.
If you show that you care enough about your partner to find out what triggers the spending sprees, chances are they will see and appreciate it and agree to help reach your savings goals. It takes time and effort, and understanding, on both sides.
This was one of the best and most useful interviews I have seen in a long time. Great interviewer, letting the guest really share his views and experiences, and inspiring wisdom from such a young father.
Thank you so much for watching!
Morning. Queens NY. Thank you for listening to us and give us gems! Keep on Keeping On
I'm listening to this while I'm driving to work, and it's absolutely amazing 👏 I will never buy an expensive car again
Came for the financial knowledge, stayed for Lewis' arms.
😅😅😅
YES!! One of the best dialogues on financial peace (love this term!) I've seen. Thank you to George and Lewis for real-life practical advise!!
You're welcome, thank you for watching🧡
Regarding the car topic: pay in full vs payments; there may be a minority who looks at this mathematically.
For example, if the car brings them joy and they can more than afford it, and the rate they have to pay is less than 2%, that person may opt to do payments since their investments or savings rate are paying multiples over the loan interest.
Again, a minority of the population. But enough not to make a blanket statement.
Interest rates are now 6% and up, even for buying new and excellent credit (800+).
@@dianeathoacardinalridge8788ive seen people pay 20 percent intrest just because they dont have credit. Its getting crazy out here for real. People need to be a little more frugal and buy a reliable beater
Feeling pretty good about living in affordable Idaho after listening to this. Big George fan!
YES!!. My favorite of your interviews of all time!... This is where discipline and common sense go hand and hand. Get rid of the outside noise of keeping up with the Jones and take responsibility and focus on your s err of.❤❤
Great conversation from two humble influencers! I love you guys!! Amazing conversation!!!
🙏🙏
The #1 Lifetime wealth depleter is Divorce!! 2 Standards: 1) find a spouse 2) STAY with them. For LIFE.
That's because they don't have a Prenuptial agreement. If they had the agreement everything will be set out in the case of a divorce therefore things will get split evenly and there will be certain accounts that cannot be touched based on it's a business.
You obviously are a bitter divorce and you just don't want people to get married for some reason when this probably get divorced and I'll be married all the time.
Don't be bitter, be better!
People change and if your marriage is draining your life force you need to get out. Money isn’t everything.
I want to find a man like George. ♥️
I love how nobody talks about inverited poverty thru ancestral curses. Took me 20 years to realize it and accept it. After things fell in place. A process that took over a year. Everyone bring bucket to fill a cup that has concrete in it.
The thing is that this mindset should never be lost. You must be disciplined forever. It is great not loss. Do not let things or people control you.
Please, don't be apologetic for giving your child a better life than you had. That has been the wish of parents since the beginning of time, it's human nature. The more "modern" guilt of privilege and providing for you family is new and wrong. Good luck and congratulations on your achievements.
Can't even take care of myself: thank God I don't have a woman or child relying on me! Don't know how people are so smart, selfless, and mature, because they manage to do so much more than me.. I don't know how y'all do it, when life doesn't hand you anything, and absolutely crushes you from A to Z..
@@MF-kr4hf Learning from what others do who are successful in the things that interest you is one of the most effective ways to change your outcome. Simplicity is also a virtue. Don't try to reinvent the wheel, just do the right things repetitively and over time you will see changes. Good luck and God Bless.
6:31 C. You control your financial destiny.
We all need these type of advice, Thank you guys
You're welcome !
Dating is about figuring out compatibilities and values... you guys are spot on
I went to this university and I love D Ramsey .
Great advice. The only thing I don’t agree with is using points. Especially if you’re buying what you’ll need anyway. I always get points including on my debit card. “spend the same $1 twice.” But I still respect his perspective.
The end of your interview questions are the Very 👌
Is The values we leave behind.
Great interview.
Thank you so much for watching! 🧡
Your story of how you got to “school of greatness” is truly inspirational! You have surpassed all “school” expectations!! 👏🏻👏🏻👏🏻
Living on less than you make is really hard these days when rent is upwards of 1600 a month and people’s paychecks aren’t going up
Even when paychecks increase, if rent outpaces it you’re still stuck. That’s another benefit of a fixed mortgage. My rent increased by half just as I got into my new home. I dodged a bullet by buying a home.
Lewis,it's amazing that you had challnges in school but turned out a millionaire so early in the game.Awesome show.
This was such a great conversation 😊
Thank you!
This episode was so good that I just finished listening to it, and now I wanna play it again. The advice was so simple, straightforward, and easy to digest. As a fellow millennial there was so much that I could relate to, and you two gave me a lot to consider and reconsider.
Overall a good podcast.
Thank you for having him. Love George Kamel
You're welcome, thank you for watching🧡
I went out every weekend, I bought energy drinks everyday like people buy coffee, and I drove new vehicles yet I made it to millionaire status quickly and I did it because I got involved in a job where I worked hard with a high ceiling of earning. Has almost nothing to do with spending especially on those things he talked about. Nothing annoys me more than millionaires telling people they can be rich by being cheap. Ramsey personifies this
What career did you choose if you don’t mind me asking?
High income speeds up your savings rate. It’s just math. However the philosophy of delayed gratification and appreciating what you have are deeper values. Appreciating the value of a dollar and focusing on what you can control are MANDATORY for people who DONT have a high income. Ramseys process works. However he never said not to go out and get the highest income you can either. Ramsey gets people of out debt and helps change their mindset.
3:30 B. Practicing delayed gratifications.
YES! interesting & inspiring episode. I’m grateful for my simple lifestyle & used cars - lol. My dad always told me don’t try to impress anyone except yourself.
Great advice from Dad
JOMO: “Joy of missing out” - subconsciously noted ✔️
With the cost of living increase, it is a struggle for many to live on less than they make. It is not always that people spend more than they can afford. I was making $60k & accumulated $20k in debt from credit cards and a NEEDED HVAC system. My salary decreased to $42k, then $21,800 (work in sales). However, I am paying $20k in legal fees and bail fees for a family member & I still have the credit card debt. I am in the red now because income decreased, more expenses & have to use credit cards to keep utilities on.
Nobody NEEDS a HVAC system. It wasn't even an option in the 19th century and people lived just fine.
Not gonna lie bro you should not be paying someone else’s legal fees if you can’t afford it.
I appreciate this podcast. I was highly blessed with this conversation Thank You ✨️🙏
Thank you! Appreciate you and your support🧡
EXCELLENT ADVICE!!!!
THANKS!!!!
Thank you George & Lewis for such insight into managing debt...I'm in Australia & even though things are different, I have gotten some good pointers from you
I’m intrigued by the short to this one. LFG!