How I Went From Broke To Millionaire In 3 Steps | George Kamel x Jaspreet Singh
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- Опубликовано: 12 мар 2024
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Video host: Jaspreet Singh
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Such an honor to talk with you, my friend! Thanks for helping me spread the debt-free message.
I listen to the Ramsey show everyday at 3pm Chicago time😂 keep up the good work George 👍🏽
Are you a Muslim George??
@@sultanafsar8963 I am not. I'm a Christian.
love the collabs!!!! Been a subscriber for MM and GK and have learned a lot and have improved a lot! Thank you
The third point's math ain't mathin. No matter the nest egg, 8% a year will run it to the ground.
Jaspree said it best as to the people on social media. "Are they actually affording it??? Well said sir.
Georgeeee!! His book is amazing!!! Recommend it 100% to everyone!! I’m serious!! 🙏🏼
Loved George’s book!!
In the Journey is where the real wealth is built! Well said.
Not a single disagreement with kamel! This collab was 🔥 thanks for introducing me to George! Im a Chartered accountant, plus from a business family. Having seen my family build brick by brick to where we are, frugality was never lost on me, and the cost benefit equation is always present. Have never swiped a credit card in my life, and never intend to. Life is just simpler that way, plus it helps if you know the games rigged. My investment guru is my uncle who’s taught me all you need is patience and discipline with investing and you will get your reward. No unnecessary risks, keep adding to your corpus and ensure youre beating inflation+taxes on earnings, and you're gold.
Thanks for this one Jazz! Loved it!
This is by far the one of the best financial videos I ever seen . I'm in the beginning of my financial journey , it gives me so much motivation . George makes you feel if I can do it, so can you .
I follow minority mindset, I'm learning so much and educating my students thank you
Namaste found you from your interview with George Kamel...and out for Tea....am a Tea drinker No Milk or sugar. and am a Ramsey fan for yrs..nice to meet ya mate.
Love George and love this conversation with you two!
I just paid $400 in groceries with $20 notes 😢 yep it hurts.
Gotta meal prep. You ain't grocery shopping right for sure. Do you freeze lunch meat? Do you only buy the snacks you want when they are on sale? How much what you bought was bull s**t.
rice and beans exist
Just finished the whole thing. George is inspirational and as I listen to him I just love what he says about Dave what a legacy!!
Great collab and great video! I can only take small doses of Dave but George is a such a new twist on the Ramsey brand. Love both your philosophies and such mutual respect even though there are differences. This is why I follow! "I'd scrub the toilets to be working for either of your brands"
Also I'd love to see a video of "what's in Jaspreet's wallet". I'm a nerd in the CC game and always interested.
Congratulations guys, both are awesome!
Soo happy to see george kamel here. He's my favourite
I love that you are collaborating with Dave Ramsey personalities! I love both you and Ramsey and the advice you offer.
@Minority Mindset: This was a great episode, thank you!
I'm really glad you brought up the credit card points. I've found the rewards so beneficial to me. I used it for just my everyday expenses and I got to fly home to see family for holidays for free this year and it was so gratifying.
I get where Ramsey and Co are coming from, but I use credit cards all the time too and pay them off. You get free money to use them so why wouldn't you?
I woke up and read this as “in debt to millionaire” and I was like aren’t most people in debt to millionaires?
Nah in debt to the billionaires
😂😂😂😂👍👌👌👌 Cleverly said! 😃
😂😂
😂
Billionaires and millionaires
Of all the Ramsey folks, I like George Kamel, Jade Warshaw, John Melone and Rachel Cruze
Some of them just sound like corporate propagandists.
you listed every Ramsey personality except for one 🤣
Love this. So great you had George on. Such brilliant wise words!
Thank you for this content! PRICELESS information!
George's collabs are off the charts!
Love how yall collaborated! I watched his video with you last week
Such a fun video to listen to while walking on lunch break.
Great conversation!❤
Love this episode. I was waiting patiently for you to say something about credit cards! Loved it. I listen to dave ramseys show as well as robert.k and afew others! Never to old to learn and change your ways. Expand your minds. Take the path and find your own way to freedom
Love George!
Two of my favorite guys 🎉🎉🎉 yess loving this
Kamel Kamel Kamel!!!
Jaspreet Jaspreet Jaspreet!!
Great episode. Very down to earth and relatable.
My former boss used to pay all the amazon and ebays fees with credit card because they allowed it, and at the end he had enough points to fly for free.
I’m coming from the Ramsey mindset and I love the similarities between the two platforms. Glad to find another source of financial advice that aligns with my personal beliefs. Got a new subscriber
U r amazing ❤ love to watch and implement what u say
Omggg SO GLAD I FOUND YOUR CHANNEL!!!❤
I love you both. What a great conversation.
Amazing interview as always
George and Jaspreet!!! My favorites!!! Love you both!!!
Don’t own a credit card ever! Love the way George explained it! That is why I never own CC. I never owe anyone anything!
Who here built different and does not overspend on their credit, pays it off every month in full, and is not influenced by it to spend more money. I think it’s a self control issue. I just take the security and points, everything is set to be done automatically I don’t think about the rewards or how to get every point.
Geoooorrgggeeeee. Amazing book, financial and spiritual gems throughout
People with self discipline should use credit cards
Any comment about effect of fin reset on stock market?
I would argue that you putting money into the 529 on your child’s behalf is essentially giving them an allowance that they are 100% investing.
Seems like a big leap.
90% of my wallet is points cards. I've got one credit card for gas since you get way more points doing that in Canada, one debit card and license.
Thank you for the video, one thing I'd like to mention is how the words economy and ecology have the same Latin root word, eco, basically translating to home. To me, this shows that to have a healthy home, both our actual home and the the planet as well, we need solutions that are both economically AND environmentally intelligent. With this in mind, the Federal tax credit for Solar PV and solar hot water panels is 30%.
I must be successful this year. I must keep learning till I figure it out myself
I absolutely loved the wedding conversation. The note that took me by shock was the notion jaspreet started saving for his own wedding even before meeting his future wife. He already knew and put it in his savings budget. Why is this not a common thought for women. We are usually the ones who push for a fancy wedding.
If we talk about risk and reward for investing in ETFs, mutual funds, stocks, why is it not reasonable for the amount of time and energy that is spent at work for possible advancements/raises?
Love your socks , Jas 👏👏😁
Love you both !
Pls timestamp all of your videos. Thanks!
Hmmm...but he is not giving that advice to people that go to ivy league schools and get internships at big companies and get recruited to work at said big companies..originally college was designed as a networking tool to meet people and families to further your career
7:35 I think it's all about mentality to answer this question. I would personally be excited to see a 50% drop even if my assets lose half their value. Now I can buy into the market at a massive discount and the market will eventually recover as it has during every other crash. Big market crashes like this turn tens of thousands into hundreds of thousands and hundreds of thousands into millions once the market bounces back. So you shouldn't be afraid of losing money, you should be excited that you have the opportunity to develop real wealth.
I think a lot of people (The middle class) have the mindset of. What's the point of investing if i can't touch the money now. What's the point of having money if i can't spend it now. You have to be a long term thinker in order to understand the power of compounding/investing! Which is probably why most are more intrigued with day trading. Because its instant gratification. Well if you're good at it.
With things like real-estate at all time highs how can you possible buy a house without debt?
M1 is not available here in South Africa 😢
30:42
Using a debit card is the dumbest thing you can do. Just carrying it is dangerous because of technology these days.
If you’re disciplined enough you should be using a credit card. As long as you pay it off immediately then you’re good.
The BIGGEST REASON TO NOT CARRY A CC IS LIABILITY AND EXPOSURE. if you are a victim of having your cc stolen you have a better chance of fighting that. If someone gets ahold of your debit card then they potentially have direct access to your money and good luck fighting that.
Agree! Debit card is dangerous
Maybe ask him what happens if you disagree with Dave Ramsey. You missed an opportunity to ask any real questions.
u mean pointless questions. how does knowing how dave treats his employees help u budget and make money?
Build a mattress to put your worries to rest, put in the work to fill the hole, plant and water your seed, then finally live off of your money tree. Think of the fruit it produces as interest. Those are the three steps in a nutshell.
So glad my dad never used credit cards,I wouldn't get one until my late 20s and learned about credit so I paid it off in time
There are free universities in Europe taught in English.
LOL, watching this eating rice and beans…
I still am driving my dream car 2009 Honda Fit 🤩
Love your outfit and the socks 😍
Honestly , I like credit card rewards , even if it’s $50 😅
❤
It’s amazing when you ask people how much is your car and they will say biweekly payment number😂😂
The long game.
I disagree with George. If I am getting gas, I would rather get a percentage point back instead of nothing. If you can't pay off your card monthly, don't do it. After budgeting and controlling my spending, I have been able to get round trip tickets to Iceland and Italy just through sky miles from purchasing my normal budget needs over the past few years.
I'm not saying you're wrong either but using your credit card at a gas station will cost you an additional 10¢ to 20¢ more per gallon than if you had used cash to make that same purchase. So the cashback/points you're getting back on your gas purchase isn't as great as you think.
Love the purple hat, dude looks like a rich merchant from a different era. Super cool!
Lol, it’s not a hat, it’s a turban, typically worn for religious reasons.
@@leahmcdermott4189 haha no way, really? What religion requires constant drip?
@@soundsnags2001 If you research Sikhism, you will see most Sikhs wear turbans as a part of their religion. Jaspreet is just stylish with it, he has impeccable taste.
@@leahmcdermott4189 he sure does! Thanks for sharing that.
@leahmcdermott4189 Thank you for being so nice explaining this. Most people would call this person out for being rude or ignorant and racist- clearly they're just younger and genuinely didn't know. I had to Google what drip meant in slang (stylish!) but I just really enjoyed this interaction of someone not knowing something and just being curious and complimentary while someone else informs them without being rude. So thank you both for making my day and being honest and kind online. You're awesome! And I agree the color really makes it stylish for the win! Even though it's more than just a fashion statement, I don't know much about the religion I just know that the turban is a part of it, doesn't mean you can't also express yourself and look wonderful. ✌🏼
What happens to your pinky ?
Ephesians 3:20-21
20 Now to him who is able to do immeasurably more than all we ask or imagine, according to his power that is at work within us,
21 to him be glory in the church and in Christ Jesus throughout all generations, for ever and ever! Amen.
Jesus is coming back!
Yes!!! Also to him who has given you all things pertaining to Life and Godliness
I do disagree with the debit card. Only thing. Worse advice you can give. You get screwed more on debit with over drafts, no rewards, and the bank will not fight for your money. If you can treat a credit like a debit, stick to credit.
You shouldn’t be over drafting on your account.
It's good advice for the majority of people. If you follow a budget, what you use to facilitate the transaction doesn't matter. I use my credit card and am not tempted to overspend but I understand that most people cannot. I trained myself by only using the CC on fixed expenses. It wasn't like I was going to pay more in rent or electricity because I was using my CC to pay the bill.
@@ingababy5196 there is the key word shouldn't but majority of Americans do.
@@timothyknoles976 that is how it should be. The way you do it. If you would teach that instead of fear the card; then it would be better. Debit is a trap just as much and over draft fees on those are insane. Most banks will let you over spend and will hit you with the over draft feet no problem.
@@timothyknoles976you're forgetting the cashback rewards. More money in your pocket. Debit cards and cash dont offer that perk
Why not put 100% on the S&P and ride it out until retirement?
Diversity
Lets say the market crashes or theres a considerable downside, and you need to withdraw some funds for some unforeseen reason, you will end up hurting your corpus a lot and it might set you back years on account of rebuilding it. Hence, diversifying is always advisable. Hope this helped
Because we don’t know if America will still be on top in 50 years? Putting everything into the S&P will be betting that the American economy will continue growing and thriving. And that might seem like a safe bet, but ultimately you just don’t know. Whereas putting it in an All World tracker or various markets will just give you that bit more of diversity
@@MsMaxinejoy isn’t it already diversified?
I drive a 2004 car…and we have a great time together! 🎉
I strongly fell like these two won’t tip their server when they eat out.
Wrong. Frugality and generosity aren’t mutually exclusive.
@@GeorgeKamel I’m talking bout being Syrian & Indian, not part of their culture from experience only a very very few select.
We need more people like Dave Ramsey to help people get to Financial Freedom.
Enjoyed the conversation, and George seems like a reasonable person, but the culture around the Ramsey personalities feels cult like.
You know what else is cult like? The USA!
In the first five minutes of this interview it sounds more like someone didn’t tell him the reality about life.
So debt cards are bad?
No CREDIT CARD are.
Does this guy not think there are third world conditions in the US?
That credit card avoidance is an idea for those that lack discipline. If you have discipline it's a squandered opportunity and then claiming everyone struggles with discipline is foolish...
Dave was traumatized by using credit cards and this guy wamts to work with Dave so he's going to placate and appease him...
That dap on the handshake was spicy
...Damn Woman TOLD Me i Know You got $$$ $$$ Then She Divorced Me P.S. i Believe They call Them GOLD DIGGERS--''
Follow Dave's "advice" by playing it safe with real estate and mutual funds and you'll see your hard-earned devalued dollar get you a whopping $10 in retirement 🤣
Also remember: dave is NOT a financial advisor nor a CPA
Also remember: Retiring before the age of 80 is asinine.
I always thought George was just another white guy. No clue he's middle eastern
He should be thankful that he even had the ability to go to college. Many of us didn't and had to go right into the workforce at 16 or 18.
lol that’s all you got from this?
I respect you.
(What ah Victim. 🤣)
You’re right, he’s lucky, and the only one who can change his life.
Now go back to watching RUclips/TV, eating McDonald’s, and sacrificing nothing to better your world/life.
Things worth having should be easy to get, it’s not fair, so just sulk about it 😉. Best of luck with that.
😂
You mean you were able to invest at the time of your life where the s&p500 can multiply your investments by 100x at retirement age? How fortunate! You should be thankful!
Just from the intro... you either picked a crappy major or a crappy college. A good college or university follows all the way through and helps guide you to a job. And picking a good major will give you a LOT of opportunities. This is just FUD
If you follow this channel you would see that following that line of getting job is fine if thats what you want to do. But for the minority that wants to be financially free you have to change your mindset.
Unfortunately not even our parents can tell us how to get that right because times change. You are now going to college and going thousands of dollars in debt to be average. Not stand out. Average
lol he's trying so hard to not go against Dave Ramsey's theory regarding the credit cards. He's been in trouble once😆
I'm just glad he stopped with the hair.
second i heard ramsey show im out
He is not a millionaire. 😅 Just stop it.
Who is not?
With his celebrity status and book deals, he improved his income tremendously all in short order. With his smarts he probably is a millionaire.
@@rick760 than he can go into details about that. Which he doesn't. Like he makes his callers do.
You’ve seen his financial statements?
@@ericar.6370 no sir. That's the point. Anybody can say they are a millionaire. 😂 Duh