I used to work as an investment advisor. The advice presented in the video is excellent and holds true for the average American. While it's a fact that money can't directly buy genuine happiness, it does provide the means to access experiences that can lead to happiness. However, for individuals with a substantial portfolio, say around $5 million, if you observe closely, you'll find that most people in their 70s are still quite active (I live in LA), but by the time they reach 80, their activity levels tend to decline. So, it's essential to enjoy life at some point before it's too late. That enjoyable vacation might well be the experience that brings comfort in your later years. It's important to distinguish between spending money wisely and squandering it. Be prudent in your value-conscious spending.
Experienced the same thing. The financial counselor we met with last year told us, "Guys, you've already made it," even though my spouse has retired. Stop delaying enjoyable activities in life.
I completely agree. I'm 54 years old and recently retired with roughly $1.8m in outside retirement funds, no debt, and very little money in retirement funds relative to the total value of my portfolio over the past 3 years. To be honest, the Fin-advisor's role can only be downplayed, not dismissed. Simply try to identify a reliable one. Spending money on possibilities and things that might not exist much sooner than we realize is completely different from wasting it. As you said, being value-conscious is essential.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I'm right at the cut off of Gen X/ Millennial myself I have gen Z and gen A kids and I'm telling you everything they say is skibidi toilet Sigma Riz Ohio 😅
Yup, odd take on grammar police (but as a boomer I thought pointing out the difference between your & you’re was the spelling police). He does make me laugh. And what’s wrong with 1995? I had already refinanced to a 15 year mortgage without even knowing who Dave Ramsey was…
I was an investing advisor once. The video offers fantastic information that is applicable to the typical American. Money gives you the ability to access experiences that can lead to happiness, even if it cannot directly purchase true happiness. But if you look closely, you'll discover that most people in their 70s are still fairly busy (I live in Los Angeles), but by the time they become 80, their activity levels tend to fall. This is different for persons with a big portfolio, say around $5 million. Thus, before it's too late, it's imperative to appreciate life at some time. That fun trip could very well be the one that gives you peace in your later years. It's critical to differentiate between spending
had the same experience. Even though my spouse is retired, the financial counsellor we saw last year informed us, "Guys, you've already made it." Give up postponing the fun things in life.
I concur entirely. I'm 44 years old, I recently retired, and I have very little money in retirement funds compared to the overall value of my portfolio over the last three years, zero debt, and about $1.8 million in outside retirement accounts. The job of the Fin-advisor can, to be honest, only be minimised, not eliminated. Just make an effort to find a trustworthy one. It is one thing to waste money; it is quite another to spend it on possibilities and things that might not exist much sooner than we realise. Being value-conscious is crucial, as you mentioned.
This was hilarious! 😂 I love the sense of humor, whether George's or a writer, and the delivery is snappy and smooth and (yes) fun! Would people rather see George in a leather wing chair, dressed in black, petting a French Bulldog and delivering financial advice in a monotone voice with a frown on his face? (First of all, not possible to even frown while petting a Frenchie, just sayin'...) Keep up the great delivery of solid financial information!
@@ted8232 It is a straight forward statement based on the fact that According to the survey, only 41% of Americans have enough money saved to pay for a $1,000 car repair out of pocket, and more than half (58%) could not pay $3,000. So, 55% of the population does not have 1 million, or anywhere near that number. So by that metric, a net millionaires has about 1 million more than 55% of the population in the US. Hope that you are not one of them.
@@gibblespascack1418 ah I see. Thanks for the clarification. I guess I should have watched the whole video. Lol. And no I am not one of them, thankfully.
@@healthquestphysiciansgroup8747 If you are watching Ramsey, or his staff, your already beyond the $1000. That is baby step 1..... Congratulations on your journey forward... Have a good day.
I too am an “elder millennial” and love your content and humor. Corny but makes me laugh while learning how to be better financially keeps me watching.
Glad George took this approach. I'm not exactly a ray of sunshine myself but I get chuckle out of most of his videos. People need to loosen up. Besides, most of the people commenting negative things wouldn't know a budget from a hole in the ground. The kind of people that go broke for a Mercedes because they have a "long commute" and need to be comfortable. Lol
I admire your dedication to educating your audience. We all aim for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm grateful that I learned the importance of working hard for financial freedom at a young age.
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
When I started investing last year, I avoided significant mistakes. I've focused on investing modest sums in stable businesses for the long term. If stocks perform well, I hold onto them; otherwise, I reinvest losses into profits. Recently, I made $9.5k from a $4k investment in NVIDIA.
The asset manager that guides me is DIANA CASTEEL LYNCH. most likely the internet is where to find her basic info, just search her name. She's established.
I really enjoy your content. I have loved the holiday song spoof clips too. They are golden. Work on some longer versions for next year! Don't mind the haters, George. You're doing great work man. There are quite a lot of people on the interwebs who will take no responsibility for their financial outcomes. Your clips annoy them as the simple truth is hard to hear. They are hating on the messenger because they can't attack the message.
I went with a 30 year mortgage because I wanted the payment that I had to make to be as low as possible in case we went through hard times financially. My wife and I ended up doing well, and we were able to pay it off in 5 and a half years! I understand though why you guys recommend 15 years, because most people will just end up spending the extra money.
My wife and I also took out a 30 year instead of a 15 year mortgage for the same reason and we did at times become a one income family. Having a smaller required payment for the mortgage definitely made it easier to keep making the payments during down times and , though not as quick as you did, we did end up paying off our 30 year mortgage in 11 years.
Your comebacks are the BEST! I love it. I love that you’re (you are) being a polite smart ass to respond. And the grammar comment was just the BEST. I love I’ve landed on your channel because your money advice is spot on and has helped me since I started applying it to my life. Thank you and keep it coming!!!!!!
Apparently it’s old school to live by the adage, “If you can’t say something nice, don’t say anything at all.” George, you don’t deserve all the hate. You’re (good grammar - also old school) doing an amazing job reaching a multi-generational audience. Keep up the great work! I also wanted to tell you that I enjoyed reading your book. It was the Total Money Makeover for a new generation. You have every reason to be proud of the work you do! Ignore the haters.
George remember, there will always be 10% of people that no matter what they will NOT agree with you, no matter what you do. Even if you bend backward for them, they will still not be satisfied, 10% is good, you are doing the right thing.
@stevenporter863 Idk where your response is or what he was even referring to. If you notice, I had quotations around HIS comment. I wasn't saying that to you.
@@stevenporter863you won that exchange man. Anyone with an above average financial IQ can see that. Most people are painfully naive and truly believe they're winning with the expensive cookie cutter house they bought in a suburb.
Solid and funny as always. Watching these videos makes me feel like we’re not alone on our financial journey. Even if it’s about topics we already know, hearing someone else reiterate truth is so much motivation to stay on the right track. Keep doing what you’re doing. Yeah, inflation has changed financial reality for most people. But the principles remain the same.
Alot of the things some people are complaining about is why I watch this channel. It is really helping me figure out some tough financial situations while still being able to keep a smile on my face. Thank you for that- you are doing a great job!!! God Bless you and your family!!!:)
You get more flak the closer you are over the target as the old WWII saying goes. George and Dave get a lot of criticism from haters, but they're pretty spot on most of the time. A lot of people don't want to hear tough love because we live in a soft culture. One that's going broke.
Oh please! Even halfway through this I have to say “George you’re great” if people don’t like your content, they don’t have to watch it. Watching you from England and I think you are very funny, also a complete sweetheart 😊
I resisted discussing buying something we couldnt afford due to watching your content. We are not in debt but impulsive overspending is so easy to fall into.
Dave and you are great. In 2009, I had $1,000 in the bank and a brand new house (then while deployed I did financial peace) . Now, I have a wife who is a homeschool teacher, and four kids. Our rental home (which was the "new house" I bought) is paid for. We have $300,000 in an IRA, and our current home is halfway paid off. I'm 42 and not sure if I'll be a millionaire before retirement, but I'm in a much better financial position than I was. Thank you! *military retirement will be about $50k *$1M in life insurance just in case.
I sometimes don't like your humor (not fun), but sometimes they are, and really appreciate the money principle advice you give us! No need to think/spend energy on the haters - they will always be there no matter what you do
George - I love watching your videos! I’m 59 and love the humor you bring to financial discussions which can otherwise be a dry subject. Keep up the great work!! Your dogs are definitely good looking too!
Sir this is an eye opener video I work here in the UK and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around 90k per annum but nothing to show for it yet.
@@Higuannn Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
@@Higuannn Sure, only one person comes to mind, the popular lady Sharon Crump Cline. You'd find her basic info. on the web to set up appointment as she offers free consultations
Ramsey has been a shining example for me… and I live in Australia… come this September, I too will be debt free 🎉…I will contact the Ramsey studio and ask to do the debt free scream 👌😎😊
Great as always, George. It's a behavioral mindset, that's all. The rest is semantics. No one is going to agree with all the things you or Dave promote all the time, but those that catch the basic principle of "yes you can live below your means and get wealthy slowly through discipline" are the ones who will succeed.
I picked up on your sense of humor right away and I love it. You make it fun and easy to learn. My hubby is 71 (and still working) and I am 67. We are debt free and have a whole lotta mutual funds chugging along. We actually invest our early social security into all those mutual funds. Keep doing what you are doing. Some of us are loyal to you and the "Ramsey Clan."
George, this is one of your best yet! You are absolutely HYSTERICAL!!! 🤣The "your" grammar is hilarious because it's SO TRUE and consesus!? Say WHAT?! 😆😆 I laughed throughout this entire video!! LOVE your content! Keep them coming!!!👏👏👏
I am soooooo inspired by how many haters you have, George! Good on you! It's no hard task to convert the believers. I think the haters are secretly looking for answers.
I don’t agree with everything you are for but there definitely is someone that would benefit most from your thoughts as opposed to others and it just seems like you push so much positivity and I respect that
Hi George, I've learned so much from your videos. I appreciate how easy they are to follow and the humor that keeps them engaging. So many financial advice videos/podcasts/shows are too boring for me so thanks for making yours enjoyable. Keep it up!
Your YT channel is great, George! One of the funniest I subscribe to, and for a financial channel, it takes the cake for sure. I feel like all of the haters are probably broke people. Keep up the good work!
George used one of my comments but took it out of context and didn't even address my points (beyond his correcting spelling which was obviously the work of auto correct). My comment was responding to someone else's post (not George) that basically indicated they did not need to worry about retirement because of the house equity and just sit back and let the magic happen without doing anything else.
Valid. Your primary residence is definitely an asset and the equity counts toward net worth. But it is not useful to include that value when looking at retirement savings.
Grew up in the 60s/70s and we would say as kids, "if I had $100K, I'd put it in the bank and live off the interest." Now my net worth is about $1.3 million, (paid off house, IRA's, bank accounts, things), but I am still in the middle-income class. I bought my house in the San Diego area in 98 for $140K, now it is valued at about $800K.
Who deems something “middle?” You sound rich to me EDIT - oh I just realized you live in California. Yeah, that stinks. You WOULD be super rich here in Ohio. But you would have to fly to Florida in the winters lol
Good video! A better example of the prison point could've been, a 30 year mortgage is like house arrest (more freedom) for a longer sentence but a 15 year mortgage is like prison (less freedom) for a shorter sentence.
I could not agree more. That is a reasonable lesson analogy to remember personally I'd rather do 15 years versus 30 years of easy labor Freedom's priceless
I was laid off less than a year after signing my papers. It took 3 months to get a job that would supplement unemployment and another couple months to get back into my career. I was glad to have a lower payment on a "house arrest" 30 year instead of having to live on rice and bean (just one!) to make payments. George is right. I probably could live more tightly and pay it off in 15, but I'm on track for 20 and I'm ok with that.
Blahaha! My dad married me and my husband and opened up with "Mawage! Mawage is what bwings us togefer today!" I love the humor in the videos. It does make, otherwise boring financial videos, easier to watch!
Awesome 👏🏼 well done George! I actually like your style and the snippets you put in your show… it’s kind of like the way I think I’ll be watching something but I have a little side comment going on in my head… And that’s exactly what your videos demonstrate… 😂 Plus good financial advice I appreciate the laughter and the advice keep up the great work!
While people are wrong when they say your house doesn't count, i do get where they are coming from. Your home is an asset, but it is basically the only asset you have that you can not liquidate cheaply and easily, and even if you do liquidate it, you still need to take on another liability or another asset to replace it. That's why a lot of people don't like to count it, because it really only counts on paper.
I love the way you totally roast the haters. Part of me wants to feel sorry for them given that they must be miserable to be so negative. If I watch a YT video I do not like, I simply stop and quietly avoid the channel. Keep the jokes coming.
I've gotta agree with Steven Porter on the house thing. Your house has use-value and it has financial value. While you're enjoying the use value, and appreciating not having to pay rent, it has functionally 0 financial value. You can't access the financial value without giving up the use value.
@@SquirrelRocket Paying rent or paying a mortgage (plus maintenance) is functionally the same thing right up until you're done with the mortgage. A mortgage is better because you get to be done some day, but you're still paying a monthly housing cost. You aren't saving much, except the stress of dealing with a landlord.
Having 100% equity in your home is the difference. If you can liquidate your asset for its full cash value, that’s much different than people HELOCing themselves into only having 15% of equity and then complaining that it doesn’t count towards the asset’s value. Huge difference.
@@kellenkraft8304 They do only because they keep printing money, illegally, as in, NON-Constitutional, and it drives up the prices. The homes are NOT worth any more in reality. The dollar is all a shell game, just keep that in mind. And yes, you should own some precious metals. Some, as in 5% of your overall net worth.
George- I really enjoy all your videos. They make saving, investing, and learning about personal finance fun!! I always get a chuckle when I watch one of your videos. I'm a young millionaire too, but there's something you teach me about finance, and I greatly appreciate that. Keep up the great work!
I have a comment about Dave's radio show ... I really don't like when people call in and say "we're debt free !!! (other than our 300K mortgage)" ... If you owe money, you are NOT debt free.
Mortgage debt is “different” from other debt. You’re making payments (versus burning rent money) on an investment that is going up in value. You also NEED a place to live. Compare to credit card debt, car loans, student loans. Your new shoes that you didn’t need that you bought with the credit card aren’t going up in value. Your new car that you didn’t need with a 9% interest rate isn’t going up in value. Your degree that isn’t even relevant to the job you ended up getting isn’t becoming more valuable.
@@spruth6410 debt is debt ... some debt isnt as bad as other debt but it's all debt and all bad... to some degree. I just think it sounds dumb to say "we're debt free, we paid off 30K in loans ... but we still owe 10x that on our house". That would be like me saying "I'm a vegetarian... except for when I eat meat everyday".
I am 55 and George makes me laugh all the time. People will refuse to follow simple principles. Those of who will remain BROKE! I am down with Ramsey, because I listen not just hear.
George, you are hilarious! At the end of the day, I enjoy your comedy. Financial talk is often dry but I really enjoy your positive and uplifting content.
Been following Dave for over a decade, I know he's probably ready to retire. It's really cool to see his legacy carry on with you and the rest of the Ramsey team.
Great content! I can see where a younger crowd might feel irritated by being told to opt for a 15yr vs a 30yr mortgage. Most people I know can hardly afford any mortgage, let alone opt for the most expensive loan option with respect to cash flow. Also, as prepping goes, someone told me that one of the most valuable assets in a SHTF scenario is alcohol. So, learn to make it or stock up on that, too…if you’re worried about that sort of thing.
I just watched a video the other day where George had to walk back his viewpoint that you can't use 8% as a withdrawal rate in retirement. It's too bad that Ramsey has such a hold over George because he has to tow the company line even when he, himself, knows it is nonsense. George, you are better than that.
The Tik-Tok watchin' Hustle Bro hater responses are hillarious - hope they keep it up as they are fun to read! Great responses to all! Thank you! Also, 'your' welcome - ha!
Haha George roasting fools 🔥 but forreal in the nicest way possible i do disagree with the whole only 15 year fixed mortgages thing. I think it unnecessarily shuts many young people out from getting their first home. If the 30 year mortgage payment is 25% or less of take-home you can still become very wealthy and pay off extra as you go. Also more wiggle room in case of emergency or job loss. Love your videos though!
Dude, I CRACKED UP during this entire vid. WOW. Well done. If it weren't for home equity, I'd have a lot less net worth, for now. When I pay off my mortgage, cha-ching. I get it.
Bro you’re doing something that makes me come back daily for the videos. Don’t listen to the haters. You also look like the 3rd generation heir to the company I work for. I texted him a pic of you and told him. However, the cat lady is correct.
I used to work as an investment advisor. The advice presented in the video is excellent and holds true for the average American. While it's a fact that money can't directly buy genuine happiness, it does provide the means to access experiences that can lead to happiness. However, for individuals with a substantial portfolio, say around $5 million, if you observe closely, you'll find that most people in their 70s are still quite active (I live in LA), but by the time they reach 80, their activity levels tend to decline. So, it's essential to enjoy life at some point before it's too late. That enjoyable vacation might well be the experience that brings comfort in your later years. It's important to distinguish between spending money wisely and squandering it. Be prudent in your value-conscious spending.
Experienced the same thing. The financial counselor we met with last year told us, "Guys, you've already made it," even though my spouse has retired. Stop delaying enjoyable activities in life.
I completely agree. I'm 54 years old and recently retired with roughly $1.8m in outside retirement funds, no debt, and very little money in retirement funds relative to the total value of my portfolio over the past 3 years. To be honest, the Fin-advisor's role can only be downplayed, not dismissed. Simply try to identify a reliable one. Spending money on possibilities and things that might not exist much sooner than we realize is completely different from wasting it. As you said, being value-conscious is essential.
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
As a boomer, I don't understand a lot of the words or any of the cultural references George uses, but he makes me laugh. Thank you George.
I'm right at the cut off of Gen X/ Millennial myself I have gen Z and gen A kids and I'm telling you everything they say is skibidi toilet Sigma Riz Ohio 😅
That’s sort of how Gen z watches comedy and laughs despite not understanding all the references.
Yup, odd take on grammar police (but as a boomer I thought pointing out the difference between your & you’re was the spelling police). He does make me laugh. And what’s wrong with 1995? I had already refinanced to a 15 year mortgage without even knowing who Dave Ramsey was…
😂😂 Awee ❤ I’m gen z so I’m pretty much understanding it all haha
I was an investing advisor once. The video offers fantastic information that is applicable to the typical American. Money gives you the ability to access experiences that can lead to happiness, even if it cannot directly purchase true happiness. But if you look closely, you'll discover that most people in their 70s are still fairly busy (I live in Los Angeles), but by the time they become 80, their activity levels tend to fall. This is different for persons with a big portfolio, say around $5 million. Thus, before it's too late, it's imperative to appreciate life at some time. That fun trip could very well be the one that gives you peace in your later years. It's critical to differentiate between spending
had the same experience. Even though my spouse is retired, the financial counsellor we saw last year informed us, "Guys, you've already made it." Give up postponing the fun things in life.
I concur entirely. I'm 44 years old, I recently retired, and I have very little money in retirement funds compared to the overall value of my portfolio over the last three years, zero debt, and about $1.8 million in outside retirement accounts. The job of the Fin-advisor can, to be honest, only be minimised, not eliminated. Just make an effort to find a trustworthy one. It is one thing to waste money; it is quite another to spend it on possibilities and things that might not exist much sooner than we realise. Being value-conscious is crucial, as you mentioned.
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.
This was hilarious! 😂 I love the sense of humor, whether George's or a writer, and the delivery is snappy and smooth and (yes) fun!
Would people rather see George in a leather wing chair, dressed in black, petting a French Bulldog and delivering financial advice in a monotone voice with a frown on his face? (First of all, not possible to even frown while petting a Frenchie, just sayin'...) Keep up the great delivery of solid financial information!
If you ever talk to George in person, he has the same quick wit. I believe he really does write all of his own jokes XD
A net millionaire is still a million dollars more than 55% of the US population. No matter what inflation tells you.
What? Are you dumb or just stupid?
What do you mean by more than 55% of the US population? Are you implying 45% are net millionaires? Or that 55% of the population is broke or in debt?
@@ted8232 It is a straight forward statement based on the fact that According to the survey, only 41% of Americans have enough money saved to pay for a $1,000 car repair out of pocket, and more than half (58%) could not pay $3,000. So, 55% of the population does not have 1 million, or anywhere near that number. So by that metric, a net millionaires has about 1 million more than 55% of the population in the US. Hope that you are not one of them.
@@gibblespascack1418 ah I see. Thanks for the clarification. I guess I should have watched the whole video. Lol. And no I am not one of them, thankfully.
@@healthquestphysiciansgroup8747 If you are watching Ramsey, or his staff, your already beyond the $1000. That is baby step 1..... Congratulations on your journey forward... Have a good day.
I too am an “elder millennial” and love your content and humor. Corny but makes me laugh while learning how to be better financially keeps me watching.
I love it!
Glad George took this approach. I'm not exactly a ray of sunshine myself but I get chuckle out of most of his videos. People need to loosen up. Besides, most of the people commenting negative things wouldn't know a budget from a hole in the ground. The kind of people that go broke for a Mercedes because they have a "long commute" and need to be comfortable. Lol
They’ll ‘buy’ a Mercedes without thinking about Mercedes repair costs, do them cheap and stupid instead and sell the car for 12% of MSRP 5 years on 😂😂
Way to monetize the haters George. Love the humour and the content.
I admire your dedication to educating your audience. We all aim for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm grateful that I learned the importance of working hard for financial freedom at a young age.
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
When I started investing last year, I avoided significant mistakes. I've focused on investing modest sums in stable businesses for the long term. If stocks perform well, I hold onto them; otherwise, I reinvest losses into profits. Recently, I made $9.5k from a $4k investment in NVIDIA.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
The asset manager that guides me is DIANA CASTEEL LYNCH. most likely the internet is where to find her basic info, just search her name. She's established.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I really enjoy your content. I have loved the holiday song spoof clips too. They are golden. Work on some longer versions for next year! Don't mind the haters, George. You're doing great work man.
There are quite a lot of people on the interwebs who will take no responsibility for their financial outcomes. Your clips annoy them as the simple truth is hard to hear. They are hating on the messenger because they can't attack the message.
I went with a 30 year mortgage because I wanted the payment that I had to make to be as low as possible in case we went through hard times financially. My wife and I ended up doing well, and we were able to pay it off in 5 and a half years! I understand though why you guys recommend 15 years, because most people will just end up spending the extra money.
Yup, you are not average
My wife and I also took out a 30 year instead of a 15 year mortgage for the same reason and we did at times become a one income family. Having a smaller required payment for the mortgage definitely made it easier to keep making the payments during down times and , though not as quick as you did, we did end up paying off our 30 year mortgage in 11 years.
Mostly the Ramsey plan is for broke people with no self control.
Same! Well done
Hence the common idiom: wealthy people ask “how much?”, broke folks ask “how much per month?”
Your comebacks are the BEST! I love it. I love that you’re (you are) being a polite smart ass to respond. And the grammar comment was just the BEST. I love I’ve landed on your channel because your money advice is spot on and has helped me since I started applying it to my life. Thank you and keep it coming!!!!!!
I’d be willing to bet that none of these haters are millionaires.
I will take that bet! I bet negative $30,000.00.😂
Agreed!
Boom Roasted😅
Exactly 💯
I bet you’d be wrong
Apparently it’s old school to live by the adage, “If you can’t say something nice, don’t say anything at all.” George, you don’t deserve all the hate. You’re (good grammar - also old school) doing an amazing job reaching a multi-generational audience. Keep up the great work! I also wanted to tell you that I enjoyed reading your book. It was the Total Money Makeover for a new generation. You have every reason to be proud of the work you do! Ignore the haters.
George remember, there will always be 10% of people that no matter what they will NOT agree with you, no matter what you do. Even if you bend backward for them, they will still not be satisfied, 10% is good, you are doing the right thing.
I hope that 10% doesn’t compound 😂
"Who hurt you, Steven?" 😂😂😂😂
Nobody, but George took my comment out of context. If you read my response you will understand.
@stevenporter863 Idk where your response is or what he was even referring to. If you notice, I had quotations around HIS comment. I wasn't saying that to you.
@@pixfan2008 Looked quickly and misses that. Thanks
@@stevenporter863you won that exchange man. Anyone with an above average financial IQ can see that. Most people are painfully naive and truly believe they're winning with the expensive cookie cutter house they bought in a suburb.
Solid and funny as always. Watching these videos makes me feel like we’re not alone on our financial journey. Even if it’s about topics we already know, hearing someone else reiterate truth is so much motivation to stay on the right track. Keep doing what you’re doing. Yeah, inflation has changed financial reality for most people. But the principles remain the same.
It’s always 5% of the people we remember. It’s normally the negative ones and the haters……..love you show
You’re*
@@ParkourBrianunderrated comment
@@ParkourBrianyour*
Alot of the things some people are complaining about is why I watch this channel. It is really helping me figure out some tough financial situations while still being able to keep a smile on my face. Thank you for that- you are doing a great job!!! God Bless you and your family!!!:)
A lot
"Haters will never die" True statement 😂 Keep up with your funny and educational videos. It's what keeps me motivated on BS6!
You get more flak the closer you are over the target as the old WWII saying goes. George and Dave get a lot of criticism from haters, but they're pretty spot on most of the time. A lot of people don't want to hear tough love because we live in a soft culture. One that's going broke.
Oh please! Even halfway through this I have to say “George you’re great” if people don’t like your content, they don’t have to watch it. Watching you from England and I think you are very funny, also a complete sweetheart 😊
I resisted discussing buying something we couldnt afford due to watching your content. We are not in debt but impulsive overspending is so easy to fall into.
Man i hate how entertaining you are George- stop being so relatable 😂
Dave and you are great. In 2009, I had $1,000 in the bank and a brand new house (then while deployed I did financial peace) . Now, I have a wife who is a homeschool teacher, and four kids. Our rental home (which was the "new house" I bought) is paid for. We have $300,000 in an IRA, and our current home is halfway paid off. I'm 42 and not sure if I'll be a millionaire before retirement, but I'm in a much better financial position than I was.
Thank you!
*military retirement will be about $50k
*$1M in life insurance just in case.
The word "ploppy" just makes me laugh.
Yeah, it's hard to take a name like that serious.
The Plopster
Haters gonna hate George. We all love your videos!
the fact that nobody talks about the book called "arab money secrets" speaks volumes about how people are stuck in a trance
How so? Im genuinely curious about what you mean
I sometimes don't like your humor (not fun), but sometimes they are, and really appreciate the money principle advice you give us! No need to think/spend energy on the haters - they will always be there no matter what you do
George those haters are like children immature and don’t like the truth and discipline. Love you try to help us and make us laugh. I think your great!
George - I love watching your videos! I’m 59 and love the humor you bring to financial discussions which can otherwise be a dry subject. Keep up the great work!! Your dogs are definitely good looking too!
Keep shaking those haters off George! Good stuff
I love your humor and the content George.
Sir this is an eye opener video I work here in the UK and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around 90k per annum but nothing to show for it yet.
Perhaps seeking help from financial experts would be very helpful.
@@Higuannn Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
@@Jaymilnere I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
@@Higuannn Sure, only one person comes to mind, the popular lady Sharon Crump Cline. You'd find her basic info. on the web to set up appointment as she offers free consultations
Ramsey has been a shining example for me… and I live in Australia… come this September, I too will be debt free 🎉…I will contact the Ramsey studio and ask to do the debt free scream 👌😎😊
Great as always, George. It's a behavioral mindset, that's all. The rest is semantics. No one is going to agree with all the things you or Dave promote all the time, but those that catch the basic principle of "yes you can live below your means and get wealthy slowly through discipline" are the ones who will succeed.
George Kamel roasting the best of the worst comments is my new favourite kind of content.
There is enough seriousness in the world! Watching George's videos is making a serious topic light hearted and fun! He's funny!! 😂🎉
I picked up on your sense of humor right away and I love it. You make it fun and easy to learn. My hubby is 71 (and still working) and I am 67. We are debt free and have a whole lotta mutual funds chugging along. We actually invest our early social security into all those mutual funds. Keep doing what you are doing. Some of us are loyal to you and the "Ramsey Clan."
At your ages do ya'll still smash from time to time?
George, this is one of your best yet! You are absolutely HYSTERICAL!!! 🤣The "your" grammar is hilarious because it's SO TRUE and consesus!? Say WHAT?! 😆😆 I laughed throughout this entire video!! LOVE your content! Keep them coming!!!👏👏👏
I find your videos to be entertaining and while I don't agree with everything, I have learned things and gain a new perspective
I am soooooo inspired by how many haters you have, George! Good on you! It's no hard task to convert the believers. I think the haters are secretly looking for answers.
I don’t agree with everything you are for but there definitely is someone that would benefit most from your thoughts as opposed to others and it just seems like you push so much positivity and I respect that
You are a true boss, George. Takes a real stud to take the hate with jokes and grace. These poor (literally) haters are losing.
Hi George, I've learned so much from your videos. I appreciate how easy they are to follow and the humor that keeps them engaging. So many financial advice videos/podcasts/shows are too boring for me so thanks for making yours enjoyable. Keep it up!
I love your humor! That's what makes your show so good, and makes people laugh, while learning about money. Thank you George🙂
Your YT channel is great, George! One of the funniest I subscribe to, and for a financial channel, it takes the cake for sure. I feel like all of the haters are probably broke people. Keep up the good work!
That was fun. The haters only showed their stupidity and immaturity.
George, your humor brings me back to this channel. The financial advice is just the cherry on top! Keep it up! 👍🏼
My favorite (funniest) Kamel video on RUclips.
I actually love the jokes and the editing. Very clever and I appreciate it. Thanks all!
I’m a Gen x and I love your videos. You are hilarious. Keep up the good work George!
George used one of my comments but took it out of context and didn't even address my points (beyond his correcting spelling which was obviously the work of auto correct). My comment was responding to someone else's post (not George) that basically indicated they did not need to worry about retirement because of the house equity and just sit back and let the magic happen without doing anything else.
Sorry that happened!
Valid. Your primary residence is definitely an asset and the equity counts toward net worth. But it is not useful to include that value when looking at retirement savings.
I love your humor!!! I'm glad that you don't let the haters change your approach 👍🏾
Grew up in the 60s/70s and we would say as kids, "if I had $100K, I'd put it in the bank and live off the interest." Now my net worth is about $1.3 million, (paid off house, IRA's, bank accounts, things), but I am still in the middle-income class. I bought my house in the San Diego area in 98 for $140K, now it is valued at about $800K.
Who deems something “middle?” You sound rich to me EDIT - oh I just realized you live in California. Yeah, that stinks. You WOULD be super rich here in Ohio. But you would have to fly to Florida in the winters lol
You're content is the best. Your going places!
Good video! A better example of the prison point could've been, a 30 year mortgage is like house arrest (more freedom) for a longer sentence but a 15 year mortgage is like prison (less freedom) for a shorter sentence.
I could not agree more. That is a reasonable lesson analogy to remember personally I'd rather do 15 years versus 30 years of easy labor Freedom's priceless
I was laid off less than a year after signing my papers. It took 3 months to get a job that would supplement unemployment and another couple months to get back into my career. I was glad to have a lower payment on a "house arrest" 30 year instead of having to live on rice and bean (just one!) to make payments. George is right. I probably could live more tightly and pay it off in 15, but I'm on track for 20 and I'm ok with that.
@@jenniferpearce1052 just one bean 🤣
George is my favorite!! Don’t listen to the haters. I love the content and the delivery!
We actually find all sorts of designer clothes at Goodwill :-)
You’re awesome George! Thank you for all of the fun, financial wisdom!
Blahaha! My dad married me and my husband and opened up with "Mawage! Mawage is what bwings us togefer today!" I love the humor in the videos. It does make, otherwise boring financial videos, easier to watch!
I love it . Your dad sounds hilarious!
Inconceivable!
Your comebacks are amazing. I love your content, jokes and memes. Thanks for making a dry subject fun and educational. Ignore the haters 🤗
This video was absolutely hilarious and the haters are wrong; you're definitely funny. I love your vids, ignore em!
Awesome 👏🏼 well done George! I actually like your style and the snippets you put in your show… it’s kind of like the way I think I’ll be watching something but I have a little side comment going on in my head… And that’s exactly what your videos demonstrate… 😂 Plus good financial advice I appreciate the laughter and the advice keep up the great work!
While people are wrong when they say your house doesn't count, i do get where they are coming from. Your home is an asset, but it is basically the only asset you have that you can not liquidate cheaply and easily, and even if you do liquidate it, you still need to take on another liability or another asset to replace it. That's why a lot of people don't like to count it, because it really only counts on paper.
I love the way you totally roast the haters. Part of me wants to feel sorry for them given that they must be miserable to be so negative. If I watch a YT video I do not like, I simply stop and quietly avoid the channel. Keep the jokes coming.
George is entertaining. Such a talented communicator.
That Princess Bride clip...LOL🤣
I've gotta agree with Steven Porter on the house thing. Your house has use-value and it has financial value. While you're enjoying the use value, and appreciating not having to pay rent, it has functionally 0 financial value. You can't access the financial value without giving up the use value.
Is not paying rent, in a way, accessing the financial value? Rent is the financial cost to get use out of a house. I pay rent, you let me use house.
@@SquirrelRocket Paying rent or paying a mortgage (plus maintenance) is functionally the same thing right up until you're done with the mortgage. A mortgage is better because you get to be done some day, but you're still paying a monthly housing cost. You aren't saving much, except the stress of dealing with a landlord.
Having 100% equity in your home is the difference. If you can liquidate your asset for its full cash value, that’s much different than people HELOCing themselves into only having 15% of equity and then complaining that it doesn’t count towards the asset’s value. Huge difference.
Houses appreciate in value.
@@kellenkraft8304 They do only because they keep printing money, illegally, as in, NON-Constitutional, and it drives up the prices. The homes are NOT worth any more in reality. The dollar is all a shell game, just keep that in mind. And yes, you should own some precious metals. Some, as in 5% of your overall net worth.
ROASTED! Good one George, I think your videos are fun to watch and informative. Ignore the haters.
lol grammar police George! I’m here for it! 😂🍿
George should become a 3rd grade grammer teacher. 😂
@@stevenporter863 grammar* 💀 bro c’mon
@@DBUSA_ C'mon? That is incorrect Grammer too. Guess that is important without anything else to do.
@@stevenporter863no, c’mon isn’t bad grammAr.
@@M_SC It is if not in dictionary.
George, I LOVE your channel and your wonderful sense of humor! I have learned so much and consider it time well spent! 🙏
George, I love your channel and your fun videos! Please keep it up. Making light of the negative comments is a great way of handling such adversity.
George, you’re hilarious. Don’t ever change 😂
George- I really enjoy all your videos. They make saving, investing, and learning about personal finance fun!! I always get a chuckle when I watch one of your videos. I'm a young millionaire too, but there's something you teach me about finance, and I greatly appreciate that. Keep up the great work!
I think you are funny George, and I appreciate the effort to make personal finance more engaging.
Best way to spend my Saturday morning, with George! :)
I have a comment about Dave's radio show ... I really don't like when people call in and say "we're debt free !!! (other than our 300K mortgage)" ... If you owe money, you are NOT debt free.
Mortgage debt is “different” from other debt. You’re making payments (versus burning rent money) on an investment that is going up in value. You also NEED a place to live. Compare to credit card debt, car loans, student loans. Your new shoes that you didn’t need that you bought with the credit card aren’t going up in value. Your new car that you didn’t need with a 9% interest rate isn’t going up in value. Your degree that isn’t even relevant to the job you ended up getting isn’t becoming more valuable.
@@spruth6410 debt is debt ... some debt isnt as bad as other debt but it's all debt and all bad... to some degree.
I just think it sounds dumb to say "we're debt free, we paid off 30K in loans ... but we still owe 10x that on our house". That would be like me saying "I'm a vegetarian... except for when I eat meat everyday".
Best Video yet. Well done George, well done!
Cannot stop laughing and the best video I’ve watched dealing with hatters.
Love your sense of humor. And I appreciate your teaching videos. Thank you
Go, go, go, George! We need funny smart infos about money. All the best from Romania!
About cats: you developed life skills and resilience when you live with an animal trying to kill you in your sleep.
George you keep making your jokes. I and many more enjoy a little humor in your videos
Noooo! Not the cats, man!!! Don't split the community.😂
Love your content. Keep it up.
I appreciate you George
How dare you George for helping me become debt free and grow my net worth.
I am 55 and George makes me laugh all the time. People will refuse to follow simple principles. Those of who will remain BROKE! I am down with Ramsey, because I listen not just hear.
Dude! George, you are hilarious. All good advice I’ve been hearing mostly common sense. Keep it up.
George, you are hilarious! At the end of the day, I enjoy your comedy. Financial talk is often dry but I really enjoy your positive and uplifting content.
Been following Dave for over a decade, I know he's probably ready to retire. It's really cool to see his legacy carry on with you and the rest of the Ramsey team.
Always a pleasure watching you, George :-)
Great content! I can see where a younger crowd might feel irritated by being told to opt for a 15yr vs a 30yr mortgage. Most people I know can hardly afford any mortgage, let alone opt for the most expensive loan option with respect to cash flow. Also, as prepping goes, someone told me that one of the most valuable assets in a SHTF scenario is alcohol. So, learn to make it or stock up on that, too…if you’re worried about that sort of thing.
I just watched a video the other day where George had to walk back his viewpoint that you can't use 8% as a withdrawal rate in retirement. It's too bad that Ramsey has such a hold over George because he has to tow the company line even when he, himself, knows it is nonsense. George, you are better than that.
You know that he does work for Dave?
Yeah, it's crazy they won't acknowledge that sequence of returns risk is a thing that exists..
@@bribradt3450 if you look at long term, I have averaged well over 12% over the last 30 years.
The Tik-Tok watchin' Hustle Bro hater responses are hillarious - hope they keep it up as they are fun to read! Great responses to all! Thank you! Also, 'your' welcome - ha!
Sorry, when I said I didn't like the memes I thought I was watching Happy Hour because Rachel was in it. You're awesome and funny George!
I think your jokes have a 50/50 shot at hitting, but on this video they had me rolling 🤣🤣
I appreciate this channel. I have a spending problem and channels like this help inspire me to stay on track to build wealth.
Haha George roasting fools 🔥 but forreal in the nicest way possible i do disagree with the whole only 15 year fixed mortgages thing. I think it unnecessarily shuts many young people out from getting their first home. If the 30 year mortgage payment is 25% or less of take-home you can still become very wealthy and pay off extra as you go. Also more wiggle room in case of emergency or job loss. Love your videos though!
Dude, I CRACKED UP during this entire vid. WOW. Well done. If it weren't for home equity, I'd have a lot less net worth, for now. When I pay off my mortgage, cha-ching. I get it.
Thanks George, you are both correct and funny. Great video.
Bro you’re doing something that makes me come back daily for the videos. Don’t listen to the haters. You also look like the 3rd generation heir to the company I work for. I texted him a pic of you and told him. However, the cat lady is correct.
Bulldogs? 😬