I love how this channel really highlights George's personality. This is definitely my favorite finance channel on KZfaq

The math would say don't pay your house off, and invest. But trust me. Living from experience, there is nothing better than a paid off house.

Haha, I was the maddy with the student loan question vs house saving question. I've paid down that 19k to 14k since asking that question 😄

Best channel in the Ramsey network.

George introduced my wife and I before our debt free scream (and kept us from freaking out). Glad he found a platform that suits his delivery and pace so well. Keep up the good work, G! (And maybe consider a smidge more headroom when cropping in on the A cam)

I did it. I rented a house. Without a credit score, as long as you can PAY and pass the background check, it's no problem

I think we're the same age George, so I appreciate all your references :D Thanks for making me smile and for the encouragement!

Love you, George. We're the same generation. When you throw those references out, you feel like a close friend.

🎉congratulations on the new baby!

Hey George, another good point for paying off the house is, you can somewhat view the mortgage payment as a return now. Lets say you had a $1,500/payment, if your house is paid off and now you have $1,500 extra a month it would be equivalent to having a mutual fund with $250k churn off a 7% return.

I like this type of video! Thanks for the information guys 🔥🔥🔥

Loved these questions! Thanks for your answers! Loved your answer on teens investing in themselves and embracing their teen years.

1000% agree with George about Home Warranties being NO GOOD. The first year we lived in our house, it was PERFECT. The only reason we had it was because the seller included it, so they paid for it for us. It helped us out during our first year because the hot water heater went out just a few months after we moved in. We still had to pay the $100 fee for the service charge and then the cost (maybe $300?) of bringing the heater up to code, but it still saved us $$$ at the end of the day. SO, we thought when the first year was up, we would go ahead and renew the warranty out of our own pocket. Well, that year, the dishwasher was giving issues. Over and over and over again. The warranty place would have us pay the $100 for EACH service... which was like... 4 trips and then they would cover the measly parts to temporarily fix the issue that kept happening again and again even though we just needed to replace the appliance. They wouldn't do it because it would be temporarily fixed. Finally one of the plumbers was able to say to the Warranty company that the appliance needed to be replaced. The Warranty company gave us a small allowance, after we had probably spent MORE on service charges than the POS dishwasher was worth (sorry, still a little bitter about this 3 years later) and when we tried to order it, they said it would take a few weeks to get there. I AIN'T GOT TIME FOR THAT. So I called the warranty service rep and I let her know how I felt about the service and said I will 100000000% NOT be renewing my warranty and let her know how disappointing their product was and how much it ended up costing us MORE because of their stupid warranty. I canceled the order on the dishwasher and we ate our stupid tax, drove to Lowe's, got a decent dishwasher that WE wanted and my husband installed it. Needless to say, I WAS FURIOUS and I will do whatever I can to tell people to NOT use Home Warranties. Ugh.

Congrats to you and your lovely wife, I am sure you guys can’t wait for your bundle to join to arrive! Just curious, what stroller you end up getting? What were some things you guys spurge and what you cut/saved for the baby? I love watching your content, wise advice in a very relatable way and with some humor!

I have a similar experience having paid off both of my cars as I expect i will with my house. The feeling of not having that car payment makes me happy not to get a new-to-me car again as I am sitting here thinking "I can spend X money on car, but what else could I do now that it doesn't have to be spend on a house?" Nothing like having this feeling I tell you what!😁

Great videos! My fiancé and I are in our early 30s and live with his parents and it's the smartest financial decision we ever made. We live in Oregon where there are 0 houses under 400k in our area and we are super priced out. There is NO SHAME in compromising privacy (if you can) for a brighter future. ✨️

If you are debt-free with an indeterminable/no credit score but buy a home and then have a mortgage, does that kickstart a credit score?

Can you make a video about financially preparing for kids?! What to do financially before you have them and accounts once they are born? Or how much to save for hospital bill? 1st year etc.or what you are doing to save for your new addition to the family?? Thank you!!!

Ps would love to see a video on how to get your spouse on board with same goals/& the baby steps. That's my current struggle, and the struggle is real!

If you are adult enough to get married you should NOT be moving in with parents unless there is some sort of disaster/tragedy.

Is it cheaper to build a house you want or find a house that has what you want? And is it cheaper to build or cheaper to buy?

George makes learning about money fun.

I love George’s giving goals!

I did a bit of a project checking my return rate through equity of my home vs. putting it into the market and my house actually had a better return rate than the average market (crazy, I know). Turns out, with us being able to buy the home for undervalue and the market the last few years, my return on investment was considerable. Plus, having peace of mind when we pay the last payment will be extraordinary.

@GerogeKamel 2:30 is that why there are landlord who will include utilities? To "prove" they were living in the house during the two years? I assume it can't be that easy right?

George I would really like for you to explain in more detail about renting without a credit score. I live in NYC there is more buildings apartments than house to rent from . They require credit scores.

George, love your channel. I am 60 years old. I only recently started getting into these shows, so I've already been living my life with MY plan, not Ramsey's or anyone else's. I have been saving in my 401k for 20 years, but I've been putting it all in the traditional 401k. I have the option of a Roth with my employer and they will match 4% in Roth or traditional. Since Roth is post tax, I'm not sure if I should start saving in Roth now or just continue with the traditional. I have about 6 years left before retirement. what would you recommend?

I like this David. He doesn’t call me stupid and he has hair 😂

Thank you! Excellent info. ❤

Love your channel! There are tons of videos up to retirement. Would it be possible to make some videos once a couple is in retirement and living on a fixed income?! Never knew about Ramsey baby steps, unfortunately...maybe some big kid steps lol for retirement years?! And at home extra income ideas for an occasional boost? Thanks!!

George knows what's going on. Fo sho

Nice tele in the back ground.

If you have debt while in college, do you think you should start paying it off right away, or is it fine to wait until you are done with college?

This really is my favorite KZfaq channel now! Keep up the good work! 😁

“Paying down your home is like a forced savings plan.” 😊

Thank you for answering my question!

George....when is your book coming out?

Always love your videos George keep it up!

Stork Mode is great for those that are expecting. Now my question. How do I get into Stark Mode?

Hey George! I was wondering what online banks you would recommend for a high yield savings account right now?

Great show!!

"Stealth Wealth"

Instead of saving tax$$ in a separate account, particularly if you get a large payment, just send it in to Uncle Sam, he'll take it whenever send it, not just quarterly

Liked and shared. Appreciate your videos!

Perfect references 😂

My question is: if you currently live with your parents after you graduate from college due to everything being so high in price still (apartments). How much money would you save if you make close to $2k in each paycheck?!

George, when is the collab video with the deal guy coming??? You both are Costco junkies. Make it happen!!! Lol

George!!!

Hey George, are you able to withhold taxes that employers take out and pay it all at once to earn interest throughout the year? If so how does this process work?

92% of millionaires use credit cards. I noticed this is a fact Ramsey solutions never brings up we are supposed to study rich people right?

Maybe someone can help me answer something regarding buying a home. I understand saving up a 20% down payment to avoid mortgage insurance, having a 15 year loan, etc. but is that necessary if the home is not going to be a forever home? For example, let's say my wife and I buy a 170k home with a $34,000 down payment, knowing we may need a bigger house in a few years once we have kids. If we find a larger home for 210k and put down $42,000, was it really worth it to put down 20% on the first home we bought? Is it worth it to put down 20% and have a 15 year loan on the starter home that will eventually be sold in a few years? Hopefully that makes sense. Thank you in advance.

What is Ramsey Solutions working on to create an equivalent to the credit score? I hate that I have no credit score but get penalized on things like car insurance because I have no score so I pay more for auto and home insurance. Little more info for you. My wife and I paid off our house in June of 2020. A month after, at the age of 40, she was diagnosed with breast cancer. After 3 years of treatments and surgery’s we are in the clear and she is in good health. Finally had a minute to look up and started thinking about how high my auto insurance is and my brother told me his insurance company uses credit score to determine the rate they charge for insurance. I wondered how to work around that and thought y’all probably thought of this and had something in the works.

I'm a landlord and I'd probably rent to you, George.

❤❤❤

The only one that I would say it depends is the home warranty. Some plans are good and others are meh. I'm in Houston so our AC gets a hefty workout in the summer. Recently had to replace some parts that would've cost $3k+, and we just had to pay the $75 service call and $1k deductible. The annual premium is roughly $750/year. So right now we "up" $1k compared to if we just paid out of pocket.

5:49 How about not having kids until you are at baby step 4?

Are you making your videos more than once a week?

Asking out of curiosity, why are time shares a bad idea?

George?…. What’s your favorite color?

Don’t ever live with any parent in law, it’s a recipe for disaster!

the needing a credit score to rent may be one of the dumbest pieces of advice people handout. As a landlord I have never, ever run a credit report on a potential tenant. Do they have a job? What is the annual salary? How long have they been at the job? etc.

Landlords are all companies now, George. They’re gonna want 2.5x the deposit since you had no credit score.

Why do you and Dave talk about mutual funds but not ETFs?

Here’s the thing, we are not in normal housing market times. The medium price for a home is $338k at 8% interest and climbing. You cannot apply past experiences to future expectations that’s investment 101. You can say, “oh back in the days interest rates were 10-20%”, yes but the market wasn’t inflated nationally to this extreme. 25% of your take home pay does not get you anything in job stable areas. I think we need to be reasonable and go for what can you afford. My wife and I did 31% of our take home pay and we live comfortably in that. You don’t have to do 15 years, a 30 year will be fine. Why? Because the average placement of a person in a home is roughly 5-6 years. No point taking out a 15 year for that. I don’t think 25% is a hard rule, but pretty conservative in risk. However, in TODAYs market, be reasonable and realistic. Don’t do the max of your budget obviously, but don’t think if you go over 25% you are sinning against God.

I really like George but I wish he didn't always have to stick to the Ramsey script. I realize he's employed there. There's just no nuance. Paying off your house may or may not be a good goal to pursue depending on your circumstances, and I just get tired of the Ramsey-verse "this is the answer" with no exceptions.

George the early u start investing the better I am angry with what u said George