He Went from BROKE to Millionaire in Under 10 Years (Ft.

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George Kamel is a media personality that works under the Dave Ramsey umbrella. Within 10 years, he went from negative net worth to debt-free millionaire. And if an average George like him can do it (in his words), he knows that you can too! Thanks to George and the Entire Ramsey team for having me out at their HQ in Nashville! @GeorgeKamel
Here's more info on George: www.ramseysolutions.com/georg...
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WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
⏱️ Timestamps:
0:00 - Start Here
0:27 - George’s Story
3:07 - Finance is Behavioral
4:15 - $1000 Emergency Funds
5:25 - Lifestyle at 23
7:00 - George’s #1 Wealth Hack
10:30 - Could You Get There Faster?
12:30 - How to Build Wealth

Опубликовано:

2 июн 2024

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Комментарии : 217

@humphrey 2 месяца назад

Hoping to bring you longer interviews in the future. Who would you want to see on the channel?

@PrinceJunior90 2 месяца назад

Anthony O'Neal

@elizabethmaedavenport 2 месяца назад

Would love this! Thank you Humphrey! Nate O’Brian! Anyone who could help :)

@JArcher_ 2 месяца назад

Nick Maggiulli!

@BuyLessJess 2 месяца назад

Jaspreet Singh

@philipw4849 2 месяца назад

Me!

@AmeliaLiam01 21 день назад

“This is how to create cash flow”..

@AmeliaLiam01 21 день назад

The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money...

@AmeliaLiam01 21 день назад

I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns...

@AmeliaLiam01 21 день назад

Get to her.. .. Financial -Planner Rebecca Mart-Watson. (In full)..

@svenoliver6040 21 день назад

l’m amazed to partake on this, lt has rekindled the fire to my goals.

@dzuni3777 Месяц назад

I love the info on weatlh acquisition, I'm 40, just paid off my home, and am really trying to set myself up. I guess it's never really too late

@kahuhipajae4088 2 месяца назад

Good info.

@jeannettedrown7687 2 месяца назад

Great interview! I enjoyed it. :)

@jasonj5846 7 дней назад

Best ever. Step by step cheat sheet of how I did it. 🙌🏻🙌🏻💪🏽💪🏽

@satyahimaja 17 дней назад

Keep them podcast coming. So inspiring

@tonynguyen6735 2 месяца назад

I am already subscribed to both of you guys. Great seeing the collaboration!

@chefls1 2 месяца назад

Great video! Thanks for sharing 👍

@youtubemobilegaming 2 месяца назад

Great video. I do think if housing prices and rates were the way they are now it would have been more like a 5-6 year delay to maintain the same lifestyle. They probably could have done it with a 1 year delay but the house and lifestyle would be very different.

@robertoriosvargas9624 2 месяца назад

Dude Humphrey thanks for bringing George. Please do it more often

@alexanderfox-robinson4910 14 дней назад

Guys, financial advice doesnt need to be a teamsport. Alot of Dave's advice is very reasonable.

@alvinviswas225 2 месяца назад

He was not really in debt. Already had a home, 36k student loan is not bad. Already owned townhome, had Apple stocks, had some 401k. Come on! Only think I see is 4k in credit card debt which he could have cleared in a few months. Not really worth all the hype.

@HeathenwoodOfficial 2 месяца назад

Lol. I have only 1000 in debt but I own about 8000 in stocks. If you time that by 100, it will always seem like a big deal but it can be solved in literally 5 days either way.

@Yugiboii 2 месяца назад

He literally had a negative net worth starting out

@fabbz94 Месяц назад

"not really in debt" debt is debt.

@alvinviswas225 Месяц назад

@@fabbz94 Yes. He could have cleared his 4k in credit card debt by selling his stocks. Not worth the sob story.

@esquire9479 21 день назад

@@alvinviswas225ramseys trying to find his successor but his picks are lol imo

@tyjameson7404 2 месяца назад

Epic interview 🙏💪🏾🔥👍👏🏿❤️

@carolannstevens5814 2 месяца назад

Love George Kamel!!! Great interview!!! I just subscribed to you now!

@youtubemobilegaming 2 месяца назад

2 things he mentioned would slow down his progress. Not being married and having duel income and getting to buy a house during the good market. I wonder how much harder it is for us single people who have a bad housing market.

@loodakris5928 2 месяца назад

Its got to be tough. People do best when they work together. Roommates, family, community. Paying property taxes and insurance by yourself. Ouch!

@60sekundenpolitik 2 месяца назад

I don't know who forced you to buy a house tho.

@youtubemobilegaming 2 месяца назад

@@60sekundenpolitik I dont have a house. I think you misunderstood what I was saying. What I was saying is its a lot harder to increase your net worth when your not duel income or have a home and that trying to buy a home right now is very difficult.

@Chrisshao 2 месяца назад

What was his income and or salary during these years. accumulating net worth but no numbers on income?

@InfinityDz 2 месяца назад

I don't care if Dave Ramsey's advice is good or not, I won't listen to him because I've seen Joshua Fluke's coverage of him which was eye opening, guy treats employees like slaves, I don't care what he has to say. Thank god for Ben Felix, The Plain Bagel, Canadian in a T-Shirt, and Humrpey Yang. EDIT: And How Money Works

@DaniOchannel 2 месяца назад

Thank you, Humphrey😊

@CaedenV 2 месяца назад

Man... the dude is smart and entertaining in his own right. Needs to get out from under Ramsey's network. That cult of personality is going to collapse real bad whenever Dave retires, and I would hate to see him get crushed under it.

@RazrSharpProductions 2 месяца назад

Couldn't agree more. Just look back at the drama with George and Dave's disagreement on the 4% retirement rule. Not only was Dave wildly incorrect and George backed his stuff up mathematically, but Dave was extremely unprofessional and disrespectful blasting him publicly.

@emilyegan390 2 месяца назад

I definitely think that the future for Ramsey Solutions looks less promising when Dave retires as none of the other Ramsey personalities have remotely huge followings. Without Dave's coattails to bring them exposure I question whether some of them could make remotely as much money had they tried starting on their own. I think though I'm not sure George Kamel really is bold enough to set off on his own unless he got fired from RS.

@amireallythatgrumpy6508 2 месяца назад

The cult of America will collapse first.

@kmng3207 2 месяца назад

I really enjoyed that podcast interview with the three of you.

@banksy1311 2 месяца назад

Love this collab Humphrey!

@ReapZer027 Месяц назад

So he’s a net worth millionaire if I’m understanding correctly?

@Hochiiiiii 2 месяца назад

I'm on track to pay 120k in student loans in 4 years. Hope to bring it down to 3 or even 2 years

@loodakris5928 2 месяца назад

That’s amazing! Stay healthy!

@Hochiiiiii 2 месяца назад

@@loodakris5928 I will try 😁

@yasminemya3667 2 месяца назад

I love your content!! please continue I would watch wtv videos you decide to put out lol! Love your energy!:)

@nathenleelewis Месяц назад

YANG GANG!

@jacksonbilly9979 2 месяца назад

@humprhy Yang, I’m gonna bug the hell out of you for a money guy show collab

@DariusPiggott 2 месяца назад

Humphrey how tall are you? You look like a giant in that chair next to George! Btw I like your sneakers, what kind are they? Might have to get me a pair.

@RandomHubbb 2 месяца назад

i did not find this useful as i hoped when i saw the video title. but i guess that is how they get you watch stuff...

@SarahMelissaBrown744 2 месяца назад

Love this! Humphrey make this into a podcast show!

@timeisnow33 2 месяца назад

What kind of "baby steps" is George talking about? Like is that from what Dave Ramsey teaches or from somewhere else?

@TScottW99 2 месяца назад

Yes, it's from Dave Ramsey.

@iankamau222 2 месяца назад

Dave Ramsay Infomercial

@kamoroso94 14 дней назад

George had Humphrey on his show. It's just business.

@jeannettedrown7687 2 месяца назад

I'd like to see you interview Dave Ramsey!

@JonTheJotter 2 месяца назад

36k student loan debt…and 4K credit card debt… man I wish I only had that much to pay off.

@mbank3832 2 месяца назад

I got out of my 50K student loan in under 7 years. Greatest story never told...

@loodakris5928 2 месяца назад

It’s a great feeling!

@mbank3832 2 месяца назад

@@loodakris5928 yep ! But compare to what George was saying for his "predicament", I laughed a little lol

@kamoroso94 14 дней назад

Comparison is the thief of joy.

@creativejourneynow641 2 месяца назад

For those doubting George about being a millionaire, he is correct though. He admitted that your greatest building tool is having a spouse who’s onboard. He said it would’ve taken longer if he was single. So please, for young adults, make sure to find the right partner.

@Churrow 2 месяца назад

The thing is, it shouldn’t have to be that way

@angelromero8076 2 месяца назад

Unfortunately, but it is, unless u have 2 jobs

@ShameenYakubu Месяц назад

Getting married just for financial reasons sounds stupid. For men especially.

@alexasanchez5414 2 месяца назад

The house buying tip at the end is definitely not one size fits all. With interest rates right now and being in a HCOL area - it makes more sense for many to rent and invest the difference more heavily for retirement. Probably biggest gripe w Ramsey & team - way too many blanket statements!

@NotKimiRaikkonen 2 месяца назад

Like freaking out when someone says 'I have a credit card I pay off every month and just use to rack up points for free airfare'.

@TaxinGigs 2 месяца назад

Humphrey is bigger than I thought

@dennisshea9540 Месяц назад

Love how people talk about math when they want to pay off debt but they didn’t think of math when they got into debt.

@kashiro2492 Месяц назад

Guilty as charged... in my defense I just suck at math period

@alexlubahn5402 2 месяца назад

Question- it sounds like most of his wealth is in his home and in his retirement accounts: both of which are essentially not accessible until they either refinance the house or turn 59.5? These types of plans confuse me because although yes they have a large net worth but they are still not anywhere near financial independence. Obviously this is person dependent on what their goals are, but am I missing something in thinking this straps you into working until you are 60?

@alanyoung159 2 месяца назад

You are right that net worth isn't equal to financial independence, but it is a good way of tracking how you are doing in life (financially). If Financial independence is a goal, then one can try and build up an after tax brokerage account for those "gap" years until a retirement account is available.

@emilyegan390 2 месяца назад

He is kinda vague about breakdowns, but there is some implication that he has some money in a taxable brokerage after paying off his house. That being said you're right that until you have a meaningful amount in a taxable brokerage you would be nowhere near early retirement with this strategy. Without selling and downsizing to a cheaper home or doing a cash out refi that would be heresy to Dave Ramsey and probably get him fired if anyone at his job found out you really have no access to that money. Having a paid off house especially as you near retirement has value, but I agree it is a strategy that would make retiring early harder. If you completely retire from your job you could access your 401k from your last job at 55. Relative to most that is early retirement, but unless you're relatively high income most would struggle to retire early giving up so much returns paying down their mortgage early unless the interest rate was relatively high.

@Luke-tm6oo 2 месяца назад

Lean cuisine is more expensive than real food.

@aetoxnan 2 месяца назад

That’s not what he is talking about…He is talking about budgeting your expenses. 😉

@Luke-tm6oo 2 месяца назад

@@aetoxnan I like money.

@markamark123 2 месяца назад

After many years of hard work, I finally saved $102,500. 25k in an HYSA @ 4.25% 75k in mutual fund. Avg return 10% 2.5k emergency fund. Maxing out 401k Maxing out HSA No debt other than mortgage. Next step. Pay off the house. ETA Sept 2024 @ 23 years early.

@ivalturner2430 2 месяца назад

@humphrey Yang Is 5 ETFS in a Roth too many?

@christinab9133 Месяц назад

❤❤❤

@tyjameson7404 2 месяца назад

The snowball always beats the avalanche 🔥🙌🏾🙏👏🏿

@osamedeuzzi3978 2 месяца назад

statistically no. but for some psychology, yes

@amireallythatgrumpy6508 Месяц назад

Having to even choose between the two indicates you're already a failure

@Enchanteralle 2 месяца назад

It's always easier to have dual income and with the right partner with the right mindset. It's quite difficult for a single person living in an expensive state like CA. I'm definitely not in debt now. Paid off everything, but still feels farther and farther away from owning a home with the crazy housing prices here in CA. Sigh....

@Shishio28 2 месяца назад

I don't a primary property counts in your net worth. Net worth is all your assets minus the property you live in.

@NotKimiRaikkonen 2 месяца назад

Nah, if you own a liquid asset, it's part of your net worth. Same as a car or a painting.

@emilyegan390 2 месяца назад

It is still part of your net worth, but it isn't considered liquid so many don't consider it as part of their assets because unless they downsized or took out a loan they can't access that equity.

@Shishio28 2 месяца назад

If you are trying to be an "accredited investor" it is not considered a part of your net worth because you are living in the property and you will not easily sell that property. It is not the same as a rental property.

@sophiesstopmotionstudios4927 2 месяца назад

Hi! I just got my first job and I don’t have anything I need to spend the money on right now. Is there anything I should be saving for that would help me a lot in the future? I don’t want to just spend it all at the mall. Although it is nice to have money for that now I want to make wise decisions. But I don’t want to spend all my money on one thing if that makes sense. I want to make sure all the work I’m doing is going towards something that will have long term effects. Sorry if this is hard to understand, if anyone has any ideas on what would be good to save for, please let me know :D thank youuuuu 🎉

@chriscollins48 Месяц назад

If you're debt free I would recommend funding an emergency fund of 3 months bills. Then focus on funding your retirement acct. If you want to be a homeowner someday then saving for a down payment. It's ok to spend some money at the mall as long as it's in the budget. Good luck.

@sophiesstopmotionstudios4927 Месяц назад

@@chriscollins48 Thank you!

@JM-cb2hw 28 дней назад

This is why cults are mostly out to benefit the cult leaders over the followers

@HHHPedigrees 2 месяца назад

Damn get Rachel or Dave himself on the show next

@emilyegan390 2 месяца назад

Honestly, I don't see a ton of value in most of the Ramsey Solutions team. They just restate the baby steps without adding much value. You could cut this interview down to 5-6 minutes and little of value would be lost imho.

@phorn_khann 2 месяца назад

Congratulations 🎉

@jloop_2008 Месяц назад

Ya, George is not a millionaire. He's a "net worth" millionaire, so he claims. He is one of those guys who thinks his entire net worth is based on his equity in his home. And he never gets into the raw numbers. A ton of people are highly skeptical of how he comes up with his millionaire claim.

@Courtney-Alice-Gargani 2 месяца назад

Great video. It's refreshing to see you have guest on your show. How often do you have guest?

@humphrey 2 месяца назад

Not too often but would love to have more!

@richiesteve1250 Месяц назад

They say with Roth IRA, the money you are contributing has already been taxed. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. So can i put a portion of my 5%(HYSA) in index funds? I also have 400k in an annuity. How do i maximize all this to make gains this year?

@Thomasbonner752 Месяц назад

Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions. Right now treasuries and HYSAs pay 4.5-5% risk free, do that.

@chrissmurrayy Месяц назад

Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m.

@Scottlong267 Месяц назад

I fired mine 12 yrs ago. now I am beginning to see the benefits, how do I get one? Considering your point I won’t want to get into a bubble. Can you recommend any?

@chrissmurrayy Месяц назад

NICOLE DESIREE SIMON is who i work with and she is a hot topic even among financial elitist in New York. Just browse, you’d find her, thank me later.

@maddysys Месяц назад

Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.

@tommyngongo8024 2 месяца назад

Very nice setup Humph! Well conducted

@humphrey 2 месяца назад

Thanks! 👍

@emilyegan390 2 месяца назад

I feel like this interview felt like it could be far shorter and little of value would be lost. George doesn't real say a whole lot beyond the baby steps helped me and that he was a DINK until recently with a wife that also didn't like spending. He gave a brief rationalization on why he likes Roth contributions, but that isn't really relevant to how he became a millionaire. He didn't really offer a logical answer on why $1000 starter fund and why it wouldn't index with inflation. Sure, it won't cover ever emergency, but as inflation whittles away at the value it provides less and less value every year. When costs go up your "full" emergency fund goes up as well. Why wouldn't the starter fund change over time? Dave's baby steps feel like an Amish version of personal finance. i.e. you arbitrarily decide that what might have made more sense advice 30 years ago when $1000 bought a lot more shouldn't be updated even though the world changed much in the way Amish decide to reject most technology past an arbitrary year. I'm surprised in 10 years he couldn't come up with one example of something he would do differently. I get that he doesn't want to get in trouble to contradict anything in the Ramsey dogma, but even ignoring that it is hard to believe he did everything right even ignoring things that Dave wouldn't approve. Even without hindsight of what investments had the best returns of the last years I seriously question anyone that says that they wouldn't do anything differently over the past 10 years if they had a second chance. Honestly, this was a pretty underwhelming video. It is just George shilling for FPU while not really providing any meaningful details.

@Just_Stevo 2 месяца назад

Yeah I've seen enough of George. every interview is just a synopsis of the Baby Steps which are really steps for financially illiterate people.

@jbmurphy5311 2 месяца назад

That’s awesome that he was able to take all the steps & change his life! Truly inspiring

@humphrey 2 месяца назад

Yessir

@jloop_2008 Месяц назад

So he went from being in debt to millionaire, on a low salary, and claims it was his savings rate and equity in his home? Come on. Real millionaires know this dude is full of it. Especially in 10 years. Come on.

@boredoreos 2 месяца назад

Great. No cash available until 59 1/2. Hope you're happy working for 30 more years.

@emilyegan390 2 месяца назад

Technically he could access his 401k at 55 if he retired from his job. I would imagine that he is contributing to a taxable brokerage now that he doesn't have a mortgage although he could reach early retirement a lot faster had he invested the excess money beyond his mortgage. He missed out on a ton of good returns years to pay down a historically low mortgage that could have gotten him to retirement much faster, but I don't think you could easily keep your job at RS if you ventured off the gospel of Dave.

@boredoreos 2 месяца назад

@@emilyegan390 26 years. Same diff. Yup I'm locked into a 1.7% mortgage. Never paying that thing off early.

@Just_Stevo 2 месяца назад

Never move. @@boredoreos

@amireallythatgrumpy6508 2 месяца назад

Retiring before the age of 80 is asinine anyway. If you're not happy working you are incapable of happiness anyway

@JoJo-gr3pr 2 месяца назад

What a peasant mindset. Stay broke 😂

@jloop_2008 Месяц назад

Ya, being a millionaire in 10 years, starting in debt. It is highly unlikely he is a millionaire. Even on 2, 6 figure salaries, the math is not on his side. I think this dude is exaggerating a bit. If this was true, the Ramsey people would be outlining every step(in detail) about how he did it. Something isn't adding up.

@evanmccullers6828 Месяц назад

A lot of it is home appreciation. Their house is totally paid for and they’ve been in one of the hottest real estate markets in the country over the past few years. Really doesn’t take much on top of a valuable paid-for house to be a millionaire with two decent incomes.

@alexandrumates88 2 месяца назад

The interview is weak because there's not much substance to the method. Maybe because it's so simple/basic. But there's nothing here that's fundamentally different from saving 101.

@antisjwminority5518 2 месяца назад

A lot of stupid comments about the “couple” being a millionaire. What most people do not understand is that when you are married, you become one. It’s not his or hers, it’s ours. When my wife gets paid, it’s our money. When I get paid, it’s our money. It doesn’t matter that I make more than twice what she does, even if I only have a high school degree and she has a Masters degree. If you don’t see it that way, you’re either not married or your marriage is on the rocks. 🤷

@penguingobrrbrr353 2 месяца назад

Exactly!!

@rene.s.s Месяц назад

True, I know this to be true. But we have advantages that the many single people in the comments don’t. He even said the second biggest tool is a partner. Just to keep prodding I’d even say your primary residence shouldn’t count towards your net worth. Maybe the portion of your home that is paid off can count but that’s also iffy.

@ethanalvarez3458 Месяц назад

It's all a matter of perspective. The "couple" comments are still valid when viewing the title of the video starting with "He" rather than "They". Regardless, congrats to him for getting out of debt.

@HeyJaredHowYaDoin Месяц назад

Such an important concept

@user-go2kh7yw2k 2 месяца назад

I’m frugal & have a paid for house. Want to get married? 😂❤

@itskelvinn 2 месяца назад

I’m trying to be on a similar path. I graduated at 21 with $15k in student loan debt. Got my first job at 22, and bought our first house (all with my money) at 24. Low interest mortgage rate. Now I’m at 26 and investing $6-7k a month. I should reach 1.5million net worth without home equity by 37 years old

@EricsonHerbas 2 месяца назад

Thanks for showing this interview. For YEARS I tried the Debt Avalanche method but it wasn’t making a dent. I switched to the Debt Snowball method and I saw quicker progress. I also got a credit card w/ balance transfer (with no interest for 6 months). This helped me consolidate my debt and easier to manage. Fast forward, now I’m at $800K net worth (took me 12+ years of hard work and discipline)

@TipsyRoo 2 месяца назад

It’s important to note that he is not solely a net worth millionaire. His net worth includes his spouses. I find it wildly misleading that he has been parading himself around as a ‘millionaire’ for clout, in recent months. That, and his failed attempts at comedy in his videos, has kept me from following him.

@jdl9623 2 месяца назад

😂

@Yugiboii 2 месяца назад

Jealousy is a bad trait to have

@Rawafication 2 месяца назад

Humphrey come on man. I am a huge fan of yours and you make sensible, honest, candid and approachable financial videos that appeal to a large demographic without preying on the same people you are trying to help. Ramsey and his company solely exist to provide antiquated advice that is not rooted in financial math (think their recommendation of a SWR of 8% annually on retirement). I am disappointed that you participated in their platform and gave them a voice on your very reasonable audience. It is fair to be open but I hope you don't start adopting similarly predatory methods to them.

@fabbz94 Месяц назад

You must love to leverage debt 😂

@BuyLessJess 2 месяца назад

Ramsey is good for what it’s good for, getting out of debt and paying off your house. I do think their “buy a mutual fund” with a “smartvestor pro” advice would have my man Jack Bogle rolling in his grave.

@MrCrs9225 2 месяца назад

Don’t let the Ramsey cult see this comment hahah

@BuyLessJess 2 месяца назад

Facts. I am surprised they aren’t here already telling me that I am stupid and that I will never succeed.

@republicunited2183 2 месяца назад

I listen to many investors and the Ramsey plan is good. Old fashioned common sense.

@MrCrs9225 2 месяца назад

@@republicunited2183 he pushes financial advisors with huge fees. That’s not “good” when most low cost etfs will return better than whatever the advisors suggest

@emilyegan390 2 месяца назад

I feel not enough people that have Dave or any of his personalities like George are willing to call out some of the more questionable advice he offers. I recall seeing a couple questions on sequence of returns risk on Graham Stephen's Ice Coffee show, but generally pretty much everybody gives them softball questions.

@dylanbly3468 2 месяца назад

Doesn’t George have like 60% of his net worth just in house because of the 2019-2022 run up? Are you really a net worth millionaire if half of those assets are yours and the other half are your spouses; isn’t that double counting?

@Cr7-private 2 месяца назад

Yes. He’s full of shit 😂

@laundrygoddess4 2 месяца назад

If a couple owns the house, then half of the value of the house is his and half is hers.

@xmusic2049 2 месяца назад

I guess it would depend on the person. For me personally I think that everything that my wife and I share is our net worth and also meaning my net worth.

@user-qq2jv5be6x 2 месяца назад

Why would you ever get married if you see everything as his and hers. Negates the purpose of marriage. And same could be said if you invested in stocks and a run up happens, making you a millionaire. Would you doubt that status because of a stock market run up?

@humphrey 2 месяца назад

I think it still counts but it’s definitely up for debate. Let me know what you guys think

@asyacotton335 2 месяца назад

Man George is definitely drinking the Ramsey kool aid😂 personally on paper he is a millionaire because most of his money is his house or retirement, but that’s how you look at it. Personally they way George talked was depressing and your basically depriving your life. Since my mother passed away I am more in the now. Set a plan, live life and be content. You don’t have to be a millionaire to be content with life.

@emilyegan390 2 месяца назад

I definitely think he drank too much of the Kool Aid. I think he knows that he couldn't as easily earn the same amount of money on his own. That being said I think that he has a large enough following that he could go off on his own if he wanted. If he focused 100% on his own content instead of working for RS he could make a lot more imho. That being said I can understand the reluctance to do your own thing full time.

@botbite 2 месяца назад

I did it in two years, why should I listen to a guy who did it in 10?

@humphrey 2 месяца назад

Haha 😂🙌 show us your ways

@botbite 2 месяца назад

@@humphreyI quit my engineering job because I wanted to be an entrepreneur. Saw a hole in a market, invented some tech to fill that hole. Made an online store where customers would be searching Google for my products. And then two years later the company was worth 1.2 million based off of yearly profit x 5 years, and more if you count proprietary IP that's now patented.

@sarahallen8739 2 месяца назад

@@botbitehow did you go about inventing the tech? did you use your engineering knowledge or outsource the planning?

@botbite 2 месяца назад

@@sarahallen8739 I actually had no background or experience in the market I went into, I was just walking through Home Depot and saw there was a void in a specific product market. But my engineering background did help me figure out how to start developing out this new market. And when I said I developed tech I mean it in the traditional "further development of an industry" sense, not the silicon valley tech sense.

@emilyegan390 2 месяца назад

While I think that your case is an edge example that would be much harder for the average person to reproduce I think that it is more interesting than a DINK saying that their combined assets are $1M. There is so ambiguity upon what his wife earns, but as a single person I think even his 14 year estimate might be generous unless you're assuming a healthy growth in income although I'm sure he has seen a hefty growth of income to enable him to pay off his home so quickly.

@lukefish52 2 месяца назад

George is awesome!!

@banksy1311 2 месяца назад

Yes! Love George

@diabolox1272 2 месяца назад

Too many stories like this.... Bring us the millions to zero !

@humphrey 2 месяца назад

Lmao jeez

@ralphramirez7504 2 месяца назад

Have more guest on Mr. Yang!!

@humphrey 2 месяца назад

Yes sir

@TheJttv 2 месяца назад

I disagree with including a house in your networth if you are calling yourself a millionaire. You can't FIRE on the value of a house. Having no payments will help but most homes are also not paid off.

@humphrey 2 месяца назад

Fair point.

@tyjameson7404 2 месяца назад

Do you see? All the Ramsey types are real estate investors? But the Ramsey knocks real estate investors? Strange captivation 🔥😡

@amireallythatgrumpy6508 Месяц назад

Not really. He doesn't knock investing in real estate. He encourages people to intest in real estate, but not to use debt. It's great if you're ready to do it, but not if you aren't.

@philipw4849 2 месяца назад

Didn't George win a wedding contest that the prize was 25k?

@jloop_2008 Месяц назад

Ya, he isn't a millionaire. Dont let him fool you people. He just has to keep up the stigma because his job depends on it.

@amitabhstatton3236 2 месяца назад

This guy is really annoying, like Dave Ramsey.

@amireallythatgrumpy6508 Месяц назад

Well he is American.

@greenlantern1986 2 месяца назад

I mean, networth millionaire. Come on.

@amireallythatgrumpy6508 Месяц назад

The only kind.

@drewconway7135 2 месяца назад

He has so drunk the Ramsey Kool-Aid. I’m happy he’s successful, but he just parrots everything Dave says. And I’m sorry, but that doesn’t work for everybody in every situation

@jakinchapman9864 2 месяца назад

You have to remember the average American is astoundingly financially illiterate. Ramsey targets those people. And the baby steps are great for that demographic.

@bladetheatrics 2 месяца назад

Not every solution works for everybody it's not that simple

@larry0406cherry 2 месяца назад

Well if you live on less than you make you will build wealth. The Dave Ramsey approach is not sexy but it does work. I personally think it is good to see both ends of the spectrum from Dave Ramsey to Robert Kiyosaki. However most people will be best served by Dave Ramsey’s plan. Majority of Americans are really bad with money and need a plan like Dave’s to get them on a path to building wealth.

@itskelvinn 2 месяца назад

The ESPP thing made me facepalm. Debt is not the evil thing that the Dave crew thinks it is. Especially if the interest is low (typically student loans are)

@aaronquadd3019 2 месяца назад

I do think it's simple just not easy

@prenticejohnson111 2 месяца назад

Dont really agree with needing a spouse to build wealth 😅

@steel0803254 2 месяца назад

Dave Ramsey is such a grifter I just stop watching anything that mentions his name.

@humphrey 2 месяца назад

Definitely polarizing but I think he has helped more people than he has hurt.

@BuyLessJess 2 месяца назад

He helps a lot of people, my issue with Ramsey are the hateful comments. I once commented that saved my emergency fund before paying debt and I was really berated. Also I wish he didn’t say stuff like “people who don’t know how to vote.” I am here for the money content, not politics.

@amireallythatgrumpy6508 2 месяца назад

Name one American that isn't a grifter.

@touchofgrace3217 Месяц назад

I am 50 and just now debt free with an emergency fund and only $20k in a Roth IRA. Should I put more like 20% of my budget in retirement or 15% in retirement and any surplus into an investment portfolio?

@MachaLatte123 2 месяца назад

I think George became a "co-millionaire" with his wife (meaning that they have a combined net worth of 1M, not 1M each). That is not the same as a true millionnaire.

@mybdayis420 2 месяца назад

If you are relying on your spouse for net worth then you are not a networth millionaire. thats double dipping. Maybe his marriage is worth 1M but lets not exaggerate.

@bryan_witha_whyy 2 месяца назад

George would be much better off without the Ramsey act. The plan just doesn’t hit the same in 2024.

@amireallythatgrumpy6508 Месяц назад

Because people don't apply it properly.

@bryan_witha_whyy Месяц назад

@@amireallythatgrumpy6508 That’s another thing. People who love the Ramsey universe always blame people for spending too much or not following it properly. Perhaps it’s because it’s outdated and needs to be updated.

@andrewchang5172 2 месяца назад

This is pretty stupid.. he already had a solid foundation.

@poke_champ Месяц назад

so leverage on a home was the key to millionaire net worth.

@Darth_SurgeYo Месяц назад

This guy was already well off even with his debt. Getting married to a working woman and no kids just boosted everything. This isnt a "rags to riches" story, or "Broke to millionaire" like this video click baits us to believe. This guy just wanted to interview a well known Dave Ramsey personality for the views.