Harvard Professor Reveals the Worst Thing To Do with Your Money

  Рет қаралды 178,946

George Kamel

George Kamel

9 күн бұрын

💵 Create a free budget. Sign up for EveryDollar today! ter.li/wgjk2h
About this episode:
Does money really make you happy? In this episode, I’m joined by the brilliant Arthur Brooks, who is helping me answer this age-old question and offering insights into the complicated relationship between wealth and well-being that might surprise you.
Next Steps:
▶️ Watch “Agree To Disagree | The @MinorityMindset & Humphrey Yang (@humphrey)”: • Agree To Disagree | Th...
📚 Pick up a copy of Build the Life You Want: The Art and Science of Getting Happier co-written by Arthur Brooks and Oprah Winfrey: www.amazon.com/Build-Life-You...
🗞️ Read Arthur’s article in The Atlantic, “Why You’re Better Off Not Borrowing”: www.theatlantic.com/ideas/arc...
📗 Order George Kamel’s new book, Breaking Free From Broke: ter.li/fghj
Offers From Today's Sponsors:
This episode is sponsored by Tello, a mobile service plan designed to save you money. Go to www.tello.com/George for $5 off your first month of Tello’s unlimited data plan.
Listen to more from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/nrgexc
💡 The Rachel Cruze Show ⮕ ter.li/gyh9k6
🍸 Smart Money Happy Hour ⮕ ter.li/ruezqk
💸 The Ramsey Show Highlights ⮕ ter.li/yc3i4v
🧠 The Dr. John Delony Show ⮕ ter.li/sii4ha
💼 The Ken Coleman Show - Highlights ⮕ ter.li/nbekmn
📈EntreLeadership ⮕ ter.li/81tcjn
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/compa...

Пікірлер: 614
@Richmind-ir5zi
@Richmind-ir5zi 4 күн бұрын
My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. Living within your means and living a frugal lifestyle is the first step to financial independence. I just hit the one million mark last year, cheers to everyone striving to get there someday.
@Mitch10bands
@Mitch10bands 4 күн бұрын
Wow! Congrats on that. Is it preferable for me to save money or allocate a significant amount of my salary to stocks in order to accomplish this goal?
@Richmind-ir5zi
@Richmind-ir5zi 4 күн бұрын
Varied sources of income is wise and especially living within your means. My net worth is over $1M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
@Doracox22
@Doracox22 4 күн бұрын
Although financial advice is arbitrary and what works for one person may not work for another, planning is always preferable. I consider myself fortunate to have been introduced to personal finance at a young age. I started working at the age of 19, purchased my first house at the age of 28, was laid off at the age of 36 during the COVID-19 pandemic, and immediately sought advice from an advisor to manage the expansion of my finances. After further investments, as of right now, I'm only 25% short of my $1 million target.
@TylerofSc004
@TylerofSc004 4 күн бұрын
This intrigues me. I've looked up financial advisors online, but finding one to connect with is a bit difficult. Do you mind if I ask for your recommendation?
@Doracox22
@Doracox22 4 күн бұрын
Well, I chose Kristin Amber Landis as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification. You should look her up
@ArchieJohnson5h
@ArchieJohnson5h Күн бұрын
Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this
@CoreyLloydo
@CoreyLloydo Күн бұрын
We've all made mistakes at some point. You should consider financial planning
@AdamWright8fool
@AdamWright8fool Күн бұрын
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
@ArchieJohnson5h
@ArchieJohnson5h Күн бұрын
Do you mind sharing your financial planner ?
@AdamWright8fool
@AdamWright8fool Күн бұрын
Leah Foster Alderman
@AdamWright8fool
@AdamWright8fool Күн бұрын
You are most likely to find more info when you look her up.
@MrIMCP
@MrIMCP 8 күн бұрын
So buying that Ford Raptor while working at McDonald’s is a bad idea. Got it!
@IrishMexican
@IrishMexican 6 күн бұрын
Used Raptor, McDonald’s CEO
@desco7628
@desco7628 6 күн бұрын
😅😂
@anonmouse15
@anonmouse15 6 күн бұрын
Gotta drive a massive SUV around the rugged, untamed wilderness of Manhattan, NYC to show everyone how impotent you are.
@WilliamMartinez-vq2bn
@WilliamMartinez-vq2bn 5 күн бұрын
Money can't buy happiness but it gives me great joy to pay my bills and do what I have to survive with my money. I don't know if you want to call that happiness. But I've become happy every time. I use money to solve a problem in my life. So money does not guarantee happiness. But it sure makes me happy many, many times a month when I take care of business.
@MrIMCP
@MrIMCP 4 күн бұрын
@@WilliamMartinez-vq2bn I agree, it can help achieve a life where you are able to pursue the things in life that make you happy. Such as time with family, travel, hobbies, etc.
@thomaschew2191
@thomaschew2191 8 күн бұрын
I say this as an individual (but married for 39 years) for a long time we lived paycheck to paycheck. Finally, that day came where we had this feeling that we needed to make financial freedom a top priority. This meant getting on a budget, paying off debt, having a cash savings for the unexpected, saving up for big purchases, assigning a job to each dollar and investing. We simply made too much money to be living paycheck to paycheck. Now that we have achieved a measure of financial stability, I find that it is true that putting $500 in savings makes us considerably happier than spending that money on something we probably don't need. I really can't brag to my friends and co-workers about the wonderful experience of being debt free, owning our home mortgage free and clear and having a few dollars in my wallet to spend on anything I want. So, I have to keep my happiness to myself but I'm up to the task.
@mrsmerriér
@mrsmerriér 5 күн бұрын
Refreshing to hear this ❤.
@ConstructionHoney
@ConstructionHoney 4 күн бұрын
My dream
@robedmund9948
@robedmund9948 4 күн бұрын
Writing a check (anachronistic, I know) to yourself instead of to X, Y, Z corporation is SUCH A GOOD FEELING!! Getting to a place where you can do that takes time for most people. Teach your kids financial principals, people. The sooner they get there the better!
@latonyaking3378
@latonyaking3378 2 күн бұрын
I say tell it!!! We overcome by the blood of the lamb and the words of our testimony. Someone will NEED to hear it. 😊😊😊😊😊
@ryan1usu
@ryan1usu Күн бұрын
You need to share more details. How big is your family? If and when did you buy a home and for how much and at what interest rate? What is your and as applicable your spouse’s educational background (including where, what, and when degrees earned) and current salary/s and jobs you have. Then we can assess how well your experience can motivate today’s younger generation.
@HomeschooledBlackGuy
@HomeschooledBlackGuy Күн бұрын
I don’t love mowing my lawn. But I HATE correcting contractors.
@GonzaloEyzaguirre13
@GonzaloEyzaguirre13 8 күн бұрын
Arthur was my professor at Harvard, he is the boss. So happy to see him together with the Ramsey team.
@JimmyHuynhdesign
@JimmyHuynhdesign 4 күн бұрын
His confidence and how he holds himself is admirable
@user-pd4fp3dj3u
@user-pd4fp3dj3u 5 күн бұрын
I loved this on many levels. As a person who retired from the military, and about to retire for the second time, I realized later in life debt is slavery and I can be happy with less. Amazing show.
@Jbridge621
@Jbridge621 7 күн бұрын
After the birth of our kid, one of the greatest moments in our life was paying off that mortgage there’s just no way to explain how sweet life is when you have no debts whatsoever on anything along with a fully funded emergency fund you kind of feel invincible to life’s daily hassles, in a funny kind of way.
@surfnbacker84
@surfnbacker84 6 күн бұрын
I very rarely hear of anyone who regrets paying off their mortgage.
@FTBLDepot
@FTBLDepot 20 сағат бұрын
Most of us won’t become millionaires, and I think the next best thing to being a millionaire is being debt-free..
@Yoyoma27
@Yoyoma27 8 күн бұрын
I may be overthinking, but I believe he’s done a lot of research
@jplebihan
@jplebihan 7 күн бұрын
I live in Boston and once complained about our "worst" weather to a coworker. She casually mentioned she was originally from Siberia. 😳 Boston, you're off the hook!
@ArtzFenix
@ArtzFenix 7 күн бұрын
😅
@sunnyd4734
@sunnyd4734 6 күн бұрын
I live in Boston as well and we have beautiful summer ☀️ weather. Snow ❄️ hasn't been that bad in recent years. 😊
@aboutwhat1930
@aboutwhat1930 3 күн бұрын
@@sunnyd4734 It's really been a shame-- summer gets too hot, winter isn't nearly cold or snowy enough. Still got plenty of rainy days unfortunately.
@edwinsvoboda8067
@edwinsvoboda8067 6 күн бұрын
get rid of any unnecessary purchases, especially things that cost you monthly or better still, consider financial planning
@sheilahartley6934
@sheilahartley6934 6 күн бұрын
Exploring the high-stakes world of day trading reveals a blend of risk and reward, where strategic leverage plays and timing during market fluctuations can lead to significant gains from minimal investments. This approach emphasizes the necessity of careful risk management, including setting stop losses and technical analysis, to navigate the volatile markets effectively.....managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to *Julia Lembcke*, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
@wellingtonmichael1397
@wellingtonmichael1397 6 күн бұрын
Thanks for the reference
@raphaeljohnson5525
@raphaeljohnson5525 6 күн бұрын
Ohh great! How do I get a reach to her?
@charlesandrus5339
@charlesandrus5339 6 күн бұрын
@JULIALEMBCKE 💯 ..that's it
@toddlevin
@toddlevin 4 күн бұрын
SCAM ALERT!!
@Money-Easy-Plan
@Money-Easy-Plan 6 күн бұрын
"Life is not about finding yourself. Life is about creating yourself." -Lolly Daskal
@kimmieshimmie
@kimmieshimmie 4 күн бұрын
His dad tithing before taxes instead of after taxes “just in case” - I laughed out loud! Love it.
@joycewright5386
@joycewright5386 2 күн бұрын
I always tithe before taxes because the Bible says “first fruits”. To me that is before taxes.
@kasession
@kasession 21 сағат бұрын
I started tithing after taxes. I was blessed immediately. 🙏🏿 Since then, I've continued to tithe that way. Still blessed to the point that I do give a little bit more each time, but have also been blessed to the point that I've been able to give more to causes I believe in.
@topdog19945
@topdog19945 5 күн бұрын
It feels good to live within my means now. Last week I took a short trip to Orlando with my girlfriend to see a concert and go to Icon park. I just paid cash for a new car a few weeks ago and I miss seeing the actual progress I made but I'll get my next goals lined up here soon. I just got back from a doctor's appointment as well. I'm glad I can take care of my health too.
@TaylorOwen
@TaylorOwen Күн бұрын
Nice.
@libnoscenti
@libnoscenti 8 күн бұрын
George, I like your videos. Even when they're the baby steps formatted for audiences with tiktok length attention spans. I LOVE your videos where you are sitting down and chatting with experts. But THIS video is just phenomenal. The information is life changing, validates the Ramsey plan... Wow. Thank you to you and the team for bringing us HOPE
@vanillasunrise1
@vanillasunrise1 8 күн бұрын
Yes!! I love the longer formats!
@zachbaugher421
@zachbaugher421 8 күн бұрын
​@@vanillasunrise1absolutely! Could've listened to them talk for hours
@User12345fan
@User12345fan 7 күн бұрын
They are skewed to getting people that will say exactly what Dave Ramsey wants them to say. No one that has a minimal criticism to Dave’s baby steps will not be invited.
@ludwigvonsowell5347
@ludwigvonsowell5347 6 күн бұрын
Remember Dave has made a living for 30+ years with those flipping baby steps.
@MyBestVersionOfMe
@MyBestVersionOfMe 7 күн бұрын
@18:43 I asked myself the same thing about you when I found your channel back in April of 24. Since finding you, Rachel and Dave Ramsey. I've completely changed my life for the better and you all have even motivated me to start a KZfaq channel trying to pass on everything i learn from you all. One day I hope I can get the chance to meet you all. The life I'm creating for myself wouldn't be possible without all the knowledge I've learned from your whole tribe. Thank you from the bottom of my heart. You guys are changing people lives everyday, I know this cause you've changed mine! Thank you!
@mandypdx
@mandypdx 6 күн бұрын
Dave too?
@MyBestVersionOfMe
@MyBestVersionOfMe 4 күн бұрын
@@mandypdx of course
@timkozlow5258
@timkozlow5258 4 күн бұрын
It is good to be reminded of this. I have had no debt for the last 25 years. It doesn't move the needle for me like it used too but when I see these shows it reminds me why I lived this way.
@Mrslykid1992
@Mrslykid1992 6 күн бұрын
Took a step back from my previous career where I went from 230k to 120k. Went from 11 hours of work to 6 hours of work and relaxing on the weekend. Love it!
@terrencemcphail5782
@terrencemcphail5782 4 күн бұрын
Did same thing went from a 180k job traveling to a 110k job back in nc where cost of living is cheap, home everyday weekends off moved back to my roots after military and chasing money.
@Mrslykid1992
@Mrslykid1992 3 күн бұрын
@@terrencemcphail5782 Nothing beats: - Restful night - Mental Health - Not hearing Teams messages every 5 mins - Enjoy a 1 hour break - Not to constantly regret working every single sec - Not having to dread Sundays nights - Not sleeping in on Saturdays to recuperate - Not drinking yourself to numb the pain
@Yeeha494
@Yeeha494 3 күн бұрын
@@terrencemcphail5782 can you guys tell me what you all are doing. I’m young and trying to figure out a path for making a living myself. Still in college, uncertain about the specific degree lol
@armandoweckmann5699
@armandoweckmann5699 4 күн бұрын
Im 42 unmarried, no kids. Back when I was 39, I reached my goal to pay off all my debts, including my mortgage. I started making 6-figure income immediately after reaching my goal. I quit my job a month ago to start my own business and travel more. Im attending church more life is great. My next goal is to find a gal to marry and start a family 😊 I enjoyed watching this ☺️ Thanks!
@March_13_18
@March_13_18 2 күн бұрын
Loving your goals ! How long did it take you to pay off your mortgage?
@childfreesingleandatheist8899
@childfreesingleandatheist8899 Күн бұрын
@armando: Getting married would mostly ruin your plan and life. Besides, if you’re already at this age and doing well, why not just continue full throttle? I’m almost 54, never married and never wanted children. I would do it all over again.
@laqueciawilson6381
@laqueciawilson6381 5 күн бұрын
It’s Proverbs 11:24, to receive back more than you give
@louiemayor
@louiemayor 6 күн бұрын
I don’t know. I rarely buy stuff, but when I do buy I tend to be happy. Sometimes it’s momentary, sometimes I just feel good enjoying the stuff I’ve bought. It’s not everything, but there is some happiness there.
@MrLoungist
@MrLoungist 2 күн бұрын
I needed this video two weeks ago before I bought my small used truck. I thought I needed a truck so that I could do yardwork. Take the grass to the dump do tree trimming and small projects around the house. This guy totally reframed it because the $700 a month I would spend on the payment and insurance and fuel could go to people that would do the things I needed done and it would free me up time. Wow, did I miss the boat on that one?
@lucybell1487
@lucybell1487 2 күн бұрын
Arthur's focus of a happiness mindset being regulated by your brain is spot on for decisions of being debt free and living below your means
@TheMotionBboy
@TheMotionBboy 7 күн бұрын
I’ve been telling EVERYBODY about this channel! George, you’re an ALL STAR! This entire video was LEGENDARY!!! 💪🏾
@Isenseven1080
@Isenseven1080 4 күн бұрын
Dont give money so much power. You don't need all these worthless disposable modern things. You're falling into the trap of being a consumer, making everyone else rich.
@abigailbrown2147
@abigailbrown2147 6 күн бұрын
I actually didn’t like my honeymoon & it was dirt cheap. But I was thrilled that it was dirt cheap because then me and my 20-year-old spouse were able to buy a duplex six months later Now we own three . Sometimes experiences are not worth the investment
@chiplangowski3298
@chiplangowski3298 5 күн бұрын
Most people find that their "experiences" are totally worthless when they try to sell a few to come up with enough money to pay their rent at the end of the month.
@d454b
@d454b 3 күн бұрын
Owning a home is a wonderful experience! And having a real estate portfolio, once again, great experience.
@euphrates74
@euphrates74 2 күн бұрын
I'm the type who would remember the couch 🛋....because I'd keep it for years! And remember all of the movies we've watched sitting on it...what an experience 😊
@TheWebMindset
@TheWebMindset 8 күн бұрын
LOVE this!!! Now I’m going to binge all the Arthur Brooks videos. Rock on!
@LegDayLas
@LegDayLas 3 күн бұрын
It's amazing how people don't understand that correlation does not = causation when it comes to richer people giving more. Rich people are not getting richer because they give more, they are giving more because they are rich and can afford to do so.
@DREWTampa1
@DREWTampa1 3 күн бұрын
He made me grateful I have a boss I actually like. We work well together and what I do helps his job immensely and I guess I get gratification out of this
@getpaid.gohome4506
@getpaid.gohome4506 7 күн бұрын
Love you George!!!!!! ❤❤❤❤ good video!!!!!! More of this please. All my respect to Arthur Brooks!
@MrSnoryMan
@MrSnoryMan 4 күн бұрын
$75,000 in 2005 is around $120,610 in today's money.
@Investormillard
@Investormillard 2 күн бұрын
In Frisco tx it’s $520k😊
@wulver810
@wulver810 Күн бұрын
I hit a point where my retirement account will grow on its own and take care of me at that point, now I can shift those funds and travel more and enjoy my life more often NOW! No faith, just belief in myself.
@Liz_AMusingWanderer
@Liz_AMusingWanderer 7 күн бұрын
This is actually true in my case. During the pandemic when all were uncertain, just by having no debt made me less stressed out with all the happenings and lockdown.
@nikkininedoor1480
@nikkininedoor1480 7 күн бұрын
What a Fantastic Interview George and Prof Brooks! Thank You!
@andrewso781
@andrewso781 4 күн бұрын
One of the most enlightening 30 minutes I’ve ever watched. I’m looking up this guy’s books rn
@billjohnson7904
@billjohnson7904 3 күн бұрын
What about spending all your money you don't have with your beloved's on booze, food, smokes, and gambling in Vegas? That is an experience you will never forget, or maybe not remember.
@johnsonajayi7846
@johnsonajayi7846 Күн бұрын
Booze, smokes and gambling are happiness death, you will never be free, you will have worries in life. Be careful.
@billjohnson7904
@billjohnson7904 Күн бұрын
@@johnsonajayi7846 don't knock it until you try it.
@cristiannaJ126
@cristiannaJ126 7 күн бұрын
This is a great episode. This guy is great!!
@caffeinatedmama2020
@caffeinatedmama2020 7 күн бұрын
One of my fave episodes so far ☺️
@kristinegreen4474
@kristinegreen4474 5 күн бұрын
Thank you for the guest. Awesome knowledge. I am about research and learning. At 67, I gained knowledge and applied past knowledge. As I age, I can finally share my knowledge, and it feels awesome.
@uria711
@uria711 8 күн бұрын
The clip of Dave right after 20:51 had me rolling on the floor
@Entertainer114
@Entertainer114 5 күн бұрын
Loved this. And loved Arthur Brooks! What a gem of a dude. He's right about the four investments: Faith, Family, Friends, and Work. Thank you for this content!
@Money-Easy-Plan
@Money-Easy-Plan 7 күн бұрын
"Trust because you are willing to accept the risk, not because it's safe or certain." -Motivation
@debrabarnhardt1103
@debrabarnhardt1103 2 сағат бұрын
A powerful, but lone voice, confronting the marketing and advertising industries that tell us buying always will make us happy. After a good friend died I saw a brief article stating a research project determined that buying things is a common way to deal with anxiety over death. I thought of my friend and realized he had done that, which hastened his demise. It's not just happiness, it's survival at stake.
@nicodimus2222
@nicodimus2222 7 күн бұрын
"If money can't buy happiness, I guess I'll have to rent it." - Weird Al Yankovic
@CharlotteCarMoments
@CharlotteCarMoments 6 күн бұрын
Love Weird Al
@desco7628
@desco7628 6 күн бұрын
😅
@micbanand
@micbanand 6 күн бұрын
Shure go Leasy a Big Car 😆😆😆 it's cheaper LOL
@ArtzFenix
@ArtzFenix 7 күн бұрын
Thank you for the awesome and hopeful interview.
@wildtill9
@wildtill9 7 күн бұрын
Great interview - thank you for sharing
@davidlim5751
@davidlim5751 7 күн бұрын
you've outdone yourself george. this is cray good.
@BigbossEssential
@BigbossEssential 6 күн бұрын
I’m 10 minutes in and this is an unbelievable convo! Thank you!
@dareeltoro6681
@dareeltoro6681 6 күн бұрын
Well, we book hotel, car and fly using PayPal credit card 0% interest for 6 months in every vacation. We have the money to pay all up front, but borrowing at 0% help us invest and pay our student loan debt more aggressively. Also, human physiology with money is “the more you make the more you spend”. Stop impressing ppl, nobody care what you drive what you wear, live bellow your mean, save money and invest. Yes, it’s scary to not be “normal”, learn, knowledge is power. Finally, be aware of a lot of these so called experts, run away from those with a suit and selling you a fast path to be rich. Great video!
@Shamele55
@Shamele55 8 күн бұрын
What a positive and amazing person - made my day ❤
@getpaid.gohome4506
@getpaid.gohome4506 7 күн бұрын
I’m sending this to everyone I know. Excellent video
@jadenkutz
@jadenkutz 7 күн бұрын
Great show. I’m saving this one to watch later
@jayschill5049
@jayschill5049 7 күн бұрын
Fantastic video, George! My wife and I watched it and are planning to share it with our children (ages 23, 19, and 15) very soon!
@thuggyduggy1525
@thuggyduggy1525 8 күн бұрын
Thanks for the good channel George. 👋
@Jackman66666666
@Jackman66666666 7 күн бұрын
Great interview !
@SummaGirl1347
@SummaGirl1347 7 күн бұрын
The fact that fewer and fewer people are marrying and having families is going to have a HUGE long-term effect on how people save and spend their money because a large segment of the population will have no incentive to care about transferring their wealth to the next generation. For people like me, who have no family, the advice to save out of love for your family makes no sense. And, people like me are a quickly increasing segment of the world’s population.
@paulnewellmorison
@paulnewellmorison 3 күн бұрын
It’s all in how you frame everything though. You could buy a couch and have “good experiences” on it too. You can buy a car and take a memorable road trip too. Stuff sometimes allows you to have those experiences. Your perspective on everything, actually matter when it comes to happiness.
@Techpower888
@Techpower888 7 күн бұрын
Wait...did this guy just say buying multiple watches is ridiculous, but is also wearing one on each wrist?? 🤣 But seriously what a great interview. Love the book setup in the background too!
@TheMrRooks
@TheMrRooks 7 күн бұрын
Lol I was just thinking this to. I'm like this guy has what looks like a smart watch on his one wrist and a traditional watch on his other wrist, and he's telling us not to buy watches.
@ashermitchell2794
@ashermitchell2794 7 күн бұрын
Best video so far, sincerely. This was a great discussion.
@doggydogdaily
@doggydogdaily 8 күн бұрын
5 Things To Do With Money 1)Buy Things 2)Buy Experiences 3)Buy Time 4)Give It Away 5)Save It
@philiptran617
@philiptran617 8 күн бұрын
I invest my money to make more money. I dont buy anything LOL.
@EmilyAllan
@EmilyAllan 8 күн бұрын
@@philiptran617 Doesn't that mean you buy assets or pieces of companies? 😅
@philiptran617
@philiptran617 7 күн бұрын
@@EmilyAllan didn’t he refer “buy stuffs” to buying things around you that later on not making you happy? I invest in assets that make me happy. 😄
@juicyfruit100x
@juicyfruit100x 7 күн бұрын
Buy things. I buy stocks and ETFs 😁😎
@doggydogdaily
@doggydogdaily 7 күн бұрын
@@philiptran617 investing is buying things 😂
@BlankThisShow
@BlankThisShow 8 күн бұрын
If he doesn't have any memories with his wife on that couch, he didn't do something right.
@jesssc402
@jesssc402 7 күн бұрын
His wife wouldnt be too thrilled to make any memories on that couch because they didnt go to the beach
@Cutejazz1
@Cutejazz1 5 күн бұрын
@@jesssc402😂😂
@FreakyLynx
@FreakyLynx 4 күн бұрын
He only had the one couch and it wasn’t the most expensive one.
@racerx6
@racerx6 3 күн бұрын
😂😂😂😂
@racerx6
@racerx6 3 күн бұрын
@@jesssc402😂😂
@reneespring834
@reneespring834 8 күн бұрын
Great interview George!! You should try to get Scott Galloway from NYU on. Same kind of vibe, reminds me of some of Dave’s quips about why adult males are still living in mom’s basement, etc.
@Vikturneer
@Vikturneer 7 күн бұрын
This time last year I considered getting into index funds and ETFs without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. One year down in, I truly cannot stress enough how helpful experts in this field are!
@FullOption
@FullOption 7 күн бұрын
To be honest, I've had a hard time grasping the basics. What insights did you gain, and how are you doing it?
@Vikturneer
@Vikturneer 7 күн бұрын
It’s not rocket science. I got into index funds, and ETFs, myself but wasn't getting the results I wanted the first couple of months. Got tired of taking losses and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments for the long term and has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my investment decisions align with market dynamics for optimal profit.
@Pathston
@Pathston 7 күн бұрын
Sounds like I need help so bad. To me, investing is not worth it and I know that's the same mindset holding me back from taking a step forward.
@Baptisizm
@Baptisizm 7 күн бұрын
I have learned that when it comes to money, people often mistake hubris for actual knowledge. And this, unfortunately, hampers rational decision making. Jonas is one of the bright ones providing me with a great deal. Investment strategies are just one of the many components.
@Lfgyf
@Lfgyf 7 күн бұрын
@@Baptisizm I'm 44, I hope it's not too late for me. Is there a way to learn more about his service?
@JohnnyJohnJon83
@JohnnyJohnJon83 4 күн бұрын
22:23 I’m a Millennial and I have around a net worth of $1.5 mill and I still don’t feel comfortable 😂
@AbhiAnand-vn4rq
@AbhiAnand-vn4rq 4 күн бұрын
You need $10M these days
@JohnnyJohnJon83
@JohnnyJohnJon83 4 күн бұрын
@@AbhiAnand-vn4rq I don’t disagree with that at all
@kevinle671
@kevinle671 6 күн бұрын
Amazing guest , thanks so much for the video.
@mrheyz
@mrheyz 7 күн бұрын
Great episode. I love this guy!!!
@amyljfaves
@amyljfaves 7 күн бұрын
Give this guy a spot on the Ramsey show. So much good information.
@quinnbrandt8746
@quinnbrandt8746 7 күн бұрын
This is one of the best videos you have ever done George!
@kbeestube
@kbeestube 8 күн бұрын
Incredible video … connecting the dots on how we feel.
@cousinjeb7116
@cousinjeb7116 5 күн бұрын
I don't have the words to explain how important I think this video is.
@fengkas
@fengkas 7 күн бұрын
great sharing as always. love this a lot!
@lloydlagera6621
@lloydlagera6621 6 күн бұрын
My wife and I have had an ongoing debate: Does buying guns and shooting supplies count as spending money on stuff or experiences? They provide me a lot of happiness...
@alexyushchuk9772
@alexyushchuk9772 7 күн бұрын
Great interview and message!
@bailey.matthewr
@bailey.matthewr 4 күн бұрын
Excellent conversation. I appreciate it!
@chriswebb4797
@chriswebb4797 4 күн бұрын
I invest in real estate and was worried about this video. It was actually quite refreshing. The Dr. clearly understands the differences in debts for investments and non-investments. I took down several notes, thanks for having him on.
@Kelsey-ri2qg
@Kelsey-ri2qg 7 күн бұрын
LOVE this interview videos 👏🏼
@carolannstevens5814
@carolannstevens5814 6 күн бұрын
George, you make so many people happy and I love your videos!!!
@perfectlymprfct
@perfectlymprfct 7 күн бұрын
Excellent discussion/interview!
@Skatelifefool
@Skatelifefool 4 күн бұрын
Hmmm great talk. This covered all the important ideas but also was upbeat and humorous.
@campingwithsamantha5114
@campingwithsamantha5114 6 күн бұрын
This guy is amazing. Learning so much right now
@user-dc9mh6hc9k
@user-dc9mh6hc9k 6 күн бұрын
Great Video George!!
@Christstrings09
@Christstrings09 7 күн бұрын
I listen to these videos in the car and I was leaving tupelo when he said "tupelo mississippi" which really threw me off
@jeffl7852
@jeffl7852 2 күн бұрын
Exceptional video relaxant for most cultures. Bright people working at brightening THE Path WE are all on.. And you know it!
@joedema7504
@joedema7504 3 күн бұрын
One of the best episodes i ever watched. I really loved it. He dropped some incredible gems
@user-pl3lo8cc8y
@user-pl3lo8cc8y 3 күн бұрын
“The amount of money you need to make to be happy” studies are so out of date… I think it’s more closely tied to housing costs than almost anything else. The ~$75 K amount is laughable if you live in Southern California 🙄
@rzmk8620
@rzmk8620 2 күн бұрын
I bought Tesla in 2023 Y for 73K in Canada, got tired of payments and sold it for 10K loss. Bought 2014 car and paid cash. I didn’t take 10K loss, amount of interest I will save, and car payment, it was the good decision I made.
@CAROTA251270
@CAROTA251270 8 күн бұрын
I loved this episode. I learned so much. Thanks George for having the professor on this video.
@human1513
@human1513 3 күн бұрын
Wow ! A professor that actually makes real world sense with many of the things he speaks of but not all of it. A rare occurrance. We all know PH'd stands for "Poor Helpless & Deperate" which describes 99.9% of those with a PH'd.
@katevalerio9033
@katevalerio9033 6 күн бұрын
Awesome interview.
@katkat5420
@katkat5420 6 күн бұрын
Fabulous! Thanks for sharing
@tylermillercoach
@tylermillercoach 7 күн бұрын
Incredible insight.
@Jrmint568
@Jrmint568 7 күн бұрын
7:45 idk man you can make a lot of memories on a couch
@foodmens
@foodmens 7 күн бұрын
A man of Culture you are
@Jrmint568
@Jrmint568 6 күн бұрын
2009 call of duty modern warfare 2.. alot of memories playing that game 😅
@FreakyLynx
@FreakyLynx 4 күн бұрын
I have a lot of good memories on my couch, I have a lot of bad memories of the beach.
@benjamindumez
@benjamindumez 8 күн бұрын
Probably my favorite video you have uploaded. Thank you.
@scootinskeeter9608
@scootinskeeter9608 2 сағат бұрын
The immediate “AGREED” when he said Boston had the worst weather 😂
@nickstark8479
@nickstark8479 4 күн бұрын
Sounds to me like the choice for the "beach vacation" simply showed how necessary the couch was... Ended up buying it anyways, resulting in "spending twice" 😅
@kirushraveen8564
@kirushraveen8564 6 күн бұрын
What an incredible episode ♥️
@tressalewis7004
@tressalewis7004 8 күн бұрын
Can we choose to be happy with what we already have?❤🎉
@catherineskis
@catherineskis Күн бұрын
Thank you soooooo very much for this segment. I love psychology and this explains everything!
Why Car Insurance Is Skyrocketing
9:43
George Kamel
Рет қаралды 28 М.
Agree To Disagree | The @MinorityMindset  & Humphrey Yang (@humphrey)
30:10
Can You Draw A PERFECTLY Dotted Line?
00:55
Stokes Twins
Рет қаралды 69 МЛН
Just try to use a cool gadget 😍
00:33
123 GO! SHORTS
Рет қаралды 85 МЛН
когда повзрослела // EVA mash
00:40
EVA mash
Рет қаралды 2,1 МЛН
Vivaan  Tanya once again pranked Papa 🤣😇🤣
00:10
seema lamba
Рет қаралды 22 МЛН
12 Rules For (A Frugal) Life
15:24
George Kamel
Рет қаралды 308 М.
Frugal People Stopped Buying These Things
14:48
George Kamel
Рет қаралды 147 М.
Agree to Disagree | Andrei Jikh
18:59
George Kamel
Рет қаралды 79 М.
13 Years Of Brutally Honest Business Advice in 90 Mins
1:30:00
Alex Hormozi
Рет қаралды 2 МЛН
Why Americans Buy Crap We Don’t Need… And How to Stop
11:38
George Kamel
Рет қаралды 118 М.
Dave Ramsey Responds To George Kamel's Financial Advice
8:27
The Ramsey Show Highlights
Рет қаралды 112 М.
How To Pay Off Your House In 10 Years Or Less
9:58
George Kamel
Рет қаралды 78 М.
Unforgettable Calls Vol. 1 | Dave Ramsey's Greatest Hits
43:43
The Ramsey Show Highlights
Рет қаралды 630 М.
Sugar Cravings, Red Meat, and Your Health | Max Lugavere | EP 456
1:44:46
Jordan B Peterson
Рет қаралды 979 М.
Can You Draw A PERFECTLY Dotted Line?
00:55
Stokes Twins
Рет қаралды 69 МЛН