Reacting To Steve Harvey's Money Advice (He Said What!?)

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Reacting To Steve Harvey's Money Advice (He Said What!?)
Estate planning guide: www.ramseysolu...
George Kamel is a personal finance expert and co-host of The Ramsey Show. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.
This channel will simplify complex money topics, bust money myths with actual facts, and debunk the stupid financial advice you're seeing in your social media feed. All with a healthy dose of pop culture, humor, and snark.

[@JenniferRohr]

I love George’s videos. Clever and informative. My favorite Ramsey personality 💯

[@brittanys.7191]

I was unloading my dryer and when you said “shout-out to my man Methuselah!” I actually busted out laughing. 😂 love the humor!

[@itchyisvegeta]

My wife and I actually do the 4 bank account method. The separate accounts are very small and part of our monthly budget. Like about 100 bucks a month going in small. This is how I buy surprise anniversary gifts with out her knowing. Hence the word surprise. Also serves as a back up debit card in case our main joint account card gets compromised, which we are currently dealing with.

[@tamebunny6389]

So money isn't the root of all marital problems it's how you two choose to use the money 😮

[@carlaritchie331]

Good surprises can be fun but separate accounts are how some people find out about hidden extramarital affairs and addictions for which the 'private $$$' is being used. When there's no communication and transparency the trust factor can become an issue.

[@itchyisvegeta]

@@carlaritchie331 How the heck would i have an affair for 100 bucks a month or less, that would risk jeopardizing my marriage? That must be one ugly skank home wrecker.

[@moneymakingsim4314]

@@carlaritchie331SMALL ACCOUNTS GENIUS!! Furthermore, why are you goofies worried about “affairs”?!? You CANNOT control if you spouse cheats!! It’s on them! I could care less how much money you have!! A cheater is a cheater! 4 accounts works for some of us that aren’t insecure and trust our spouses..

[@eataxpros]

George is a breath of fresh air!

[@woodysrockspyro6436]

Separate accounts are wonderful that way if one person has a spending problem it is seen.. when the spending problem effects the spenders account it can be dealt with without risking other savings and living money.

[@sydneyford3799]

George you are CRUSHING IT!

[@catdaddy9four]

Steve gives worldly advice, and that results in a worldly outcome. George said it best, Steve is not a financial advisor.

[@PaigeRoelse]

Spot on!!! 👏🏼

[@scarpfish]

True, but for that matter no one at Ramsey is either.

[@MC-pe4cn]

What is worldly advice? WTF?

[@MeakH1]

​@@MC-pe4cnAdvice that is comforming to this world. Not advice based on what the Bible teaches.

[@MC-pe4cn]

@@MeakH1 so slavery is comforting advice? Exodus 21

[@DanielS2376]

George is absolutely hilarious.. Very entertaining, great work making these videos!

[@jrod5874]

“Shout out to my man Methuselah. Heck of a run” 😅😅😅😅😅

[@MrJimlen]

i may not agree with 4 bank accounts- however i do believe each partner should have their own money

[@armandoweckmann5699]

Awesome advice 👏 👍I Managed to pay off my $300,000 mortgage. And fully paid off my vehicles before turning 40... now at 41 I wish finding a spouse was easier 😅

[@jollama]

Finding a financially literate one you mean

[@jeremywyche5494]

George keep doing your thing man. I’m loving the videos and the channel.

[@punkbassandcovers]

Not telling your spouse what you're doing with your money in a separate account...what could possibly go wrong?!!!?

[@10RRASK]

Exactly, why should your spouse know how much you’re spending on your affair!?

[@punkbassandcovers]

​​@@10RRASKwith Steve's recommendation financial infidelity isn't the only sort of infidelity that's possibly going on....

[@melvinbarnes6652]

My plan, we have the same 4 accounts Steve mentioned. Our paychecks are deposited into the central account. From there we each deposit our spending allowance and investment funds into the applicable accounts. We both have full access and control to ALL accounts and once a month we meet to balance and review the central account. For me, it just makes life a little bit easier. It's already a pain to track groceries, light bills, phone bills etc. I don't want to be bothered with tracking how much my wife spent on a pair of pants. Besides, as long as communication is happening what's the difference whether it's a separate account or a line item in the budget?

[@punkbassandcovers]

It's not the four accounts that is concerning. Sure put the set aside budgeted spending money into a separate spending account if that's your thing. It's where Steve at 1:35 ish literally says do whatever you want and don't even check what your spouse is doing with the money. As George said, it's the lack of visibility of where the money is going. Communicating with your spouse on these things (such as money) is a must.

[@kaycon4823]

@@punkbassandcovers So would you give your spouse $100 gift and then insist that they report exactly how to you exactly how spend that money or would you saying I am giving this money, spend it how you like? This is basically the same thing. It is not like they did not have a joint account and decided together how to spend that money BEFORE allocating money to the separate account. I do believe that couples should be able to access all accounts, but this is micro-managing and controlling. As far as financial infidelity or cheating, that is a character flaw. A person who cheats will find a way even without separate account. At one time I had my check go split so it went into two separate banks. I was not married, but if a person wanted to cheat this is a way to have a certain amount go into the main account in the first place. I am sure there are other ways to cheat if a person has that character.

[@jasonmoquin]

You're doing great, George! Keep at it and you'll grow in subscribers very quickly.

[@criscristofferson7381]

You know George ain’t evaahhh gonnna stop making these videos! Let’s go King George!

[@PaigeRoelse]

So happy you spoke to this! Steve Harvey has been giving bad and unreasonable advice about money and marriage for years… and mainly because he’s famous and funny people buy it. Except people forget that he cheated on his wife, is divorced and makes millions and his advice is based off of that. Not quite the path I want to follow. I’ll become a millionaire the Dave Ramsey way, though faith and the baby steps.

[@CouponingWithZee]

Dave Ramsey was bankrupt and yet you’re still listening to his advice. 🤦‍♀️

[@Werdna12345]

5:40 😂 we need to get dude dad on some Ramsey shows

[@francoisnguyen6623]

I like to see you react to Robert Kyosaki. That man is a multi-million but he is leverage up to his eyeballs. He loves debts

[@tammy2143]

Yes do a video on this subject

[@aliciaeasterwood]

Yes and have Dave on as your guest since he and RK are friends

[@scarpfish]

He's a fraud who got rich selling abstract motivational gobbligoop, not by actually doing we he recommends to others in that gobbligoop. Same goes for any of these schisters who are putting out "free" seminars that turn into sales funnels.

[@sarahshealthyrecipes]

We share the bank accounts. In our monthly budget, we each have a spending budget that we can do what we want with (go eat out with friends, buy a new purse, whatever). We both know the Master password, and if we need to spend more than $100 we talk to each other first. No secrets, no guesswork. I have more freedom now then ever in my life ❤

[@Lifecounselor710]

George’s I’m 32 and my parents preach Dave and I only started because I saw you and graham and then started FPU the next day😂

[@GeorgeKamel]

Man that’s awesome to hear!!!

[@MidnightMogwai]

We use Ally, which you’ve said you’re a fan of. We actually have five accounts, one is the main account for daily spending, one is our monthly bills that are all set to autopay, one is the emergency fund savings account and two of them are his/her “fun monies” accounts. We budget weekly and only our own fun money (which are line items in EveryDollar) go to those separate accounts. In Ally we can both See the Main, Bills, and Emergency. The two fun accounts are linked but can’t be seen by each other. With EveryDollar you can see all of these separate accounts for budget meeting discussions. Why polarize what he’s saying. There’s plenty of tools out there that achieve the same goal.

[@July.4.1776]

🤔 Over twenty years ago my cousin made over 100,000 with a lawn mowing business he worked part time on Friday and Saturday after working 40 hours as an engineer.

[@ambargarcia4754]

George, you're killing it! Thank you for simplifying this so we could ALL understand and be successful.

[@Curious-Lass]

Hey Steve Harvey you’re wrong on debt. “Debt is dumb, cash is king, and the paid off home mortgage takes the place of the BMW as the status symbol of choice!”- Dave Ramsey. SO GLAD I LISTENED TO DAVE RAMSEY! Now I have my greatest wealth building tool, which is my income, working for me!! It is incredible how well I sleep at night with financial freedom!!❤

[@woodysrockspyro6436]

People become millionaires faster with businesses than in the market. 5 years.. bam done. Find something that you can be proficient at and focus on that leaving everything behind. Yes it takes tons of discipline but works almost everytime.

[@lataviawidmayer9814]

I never realized how funny George was lol...he even got me to like the video in the beginning

[@1LineAtATime]

Great content 👊🏽 for us regular people 😅. Giving the youth something to look up to and forward to 💝.

[@HairyTornado]

Mowing 100,000 lawns is definitely the best way to become a millionaire 😂

[@donnahampton3632]

Great job finding all these video clips to insert in all your videos! Comic relief is very attractive when discussing finances.

[@joeriveracomedy]

The A.I. does it these days. Other vids use the same clips & memes.

[@jonkrispeterson6678]

Dude Dad showed up! You really need to connect with Taylor Calmus, aka Dude Dad. He is a great guy!

[@mitchdogstudios]

In a marriage there is no singular independence. If you're too selfish and self centered to truly partner with someone on that level that make you "one", probably shouldn't bother getting married. How do I know this? I'm married. And we're so much stronger together as a independent "couple" vs singular independence. When you can trust someone and work with them on that level, you will have a happy marriage.

[@MyNameIsNotCraig]

I can't wait to be debt free by the end of this year, one of my first goals is to start giving generously.

[@howler5000]

Taking financial advice from a celebrity is the same as taking it from a lottery winner.

[@perotal]

But it is so much better taking it from a kid on KZbin right?

[@howler5000]

@@perotal If you want to take financial advice from Hollywood and some brainless puppet you go right ahead. People on the Ramsey team might not have everything 100% correct, but at least they preach sound fundamentals.

[@kellyc9539]

George rules!

[@lindawilson4625]

Funny...and informative...THANKS!!!!

[@tianah203]

George i agree with MOST of your takeaways and advice except for the multiple accounts for married folks. My husband and i have used this strategy. One shared account for bills, another foir saving goals and emergency fund, and we each have our own checking. My husband is not a personal finance nerd like. Its just makes our marriage better and peaceful, we dont argue about money this way

[@iliaconrad219]

I’m with you here. We also have the joint accounts for our income and family spending. The separate accounts are our “allowance” accounts for pocket money and the odd birthday check from our moms.

[@tracyaf6084]

The only reason people need fully combined finances is if there is a significant difference in incomes (like one partner works and one is home), or if you don’t trust your spouse to manage money the same way you do. My husband and I make similar income. We have a joint account and both have separate accounts too. We dont fight about money. We’re every day millionaires and just working on paying down the mortgage.

[@taylord1558]

How can you buy your hubby a present if he sees it on the card too 😅

[@KristinPMosher]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.

[@mariaguerrero08]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[@ThomasChai05]

That's why I work with "Camille Alicia Garcia," who introduced me to an improved financial community-a verified agency providing insights into how money works, ways to create wealth, and offering free resources like books, courses, and daily lectures. Making this choice has also allowed me to meet new people, proving to be the best decision I've ever made.

[@mikegarvey17]

@@ThomasChai05 Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.

[@ThomasChai05]

Yeah for real, "Camille Alicia Garcia" is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience..

[@Madison-Huff]

I just googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks

[@turkeyhunter7617]

Well said George! Well said.

[@CITIGIRL07]

I agree with Steve because couples get in trouble with overseeing every penny the other spends. There should be some amount of money where you don’t need the other’s approval. Either put into an account or actual cash distribution. Get the savings/retirement goals in place, monthly obligations and any other goals FIRST.

[@CalebAstle]

Nature Valley GB are soooo messy!

[@bagenstb]

You can get 66 Costco hot dog deals for $100, not 60. Don't shortchange yourself 6 hot dogs 😂!

[@aliciaeasterwood]

The last clip of SH. If you’re using OPM then your paying other people your money plus interest. That’s more money out of your pocket. 🥴

[@dkstudioart]

OMG! This had me rolling, Harvey said so many dumb things! I guarantee he did not become rich by doing any of those things.

[@CouponingWithZee]

Indeed, Steve is not a financial advisor but neither are you. And yet you been out here giving financial advice for years. I love Ramsey solution, but Dave Ramsey‘s way is not only way.

[@ykook7000]

💯

[@ShakeyHuron]

Always great content!

[@anthonyfox8373]

My boy George already got more subscribers than SmartMoney happy hour. Love his input on the Ramsey show on this KZbin channel and on Smart money happy hour.

[@JCpNK]

That’s good he learned that he’s throwing away money by borrowing from banks. But this interest you pay is just half the issue… When you have no debt you can invest more, accrue wealth faster, plus just the mental health factor of having no debt just gives you so much of an edge

[@noeevazquez5956]

There’s both ways to get rich, without debt and with debt. Both work

[@avona14]

🤣🤣 Love George Kamal

[@myzootube16]

George keep it up absolute gold

[@kathymiglio8196]

OP what?????? Great show George ⭐️⭐️⭐️⭐️⭐️

[@thehonesthiker]

Question for you George or KZbin community: If you have joint everything, which I like the idea of, how do you go about gift giving to each other without knowing what each other got prior to receiving it (or at least where you got it from anyway)?

[@suzy4705]

You could pay cash or if it's online buy a gift card to use to pay for the items.

[@thehonesthiker]

@@suzy4705 Oh I like the idea of the gift cards, like the Visa prepaid ones or whatever. That's a great idea, thanks!

[@suzy4705]

@@thehonesthiker just check for fees with those visa ones. I think it's usually a better idea to buy a gift card for the store itself rather than visa if you can!

[@kaycon4823]

​​@Suzy but with any of those things being a line item on the budget would require an explanation And anytime when you're balancing the book everything is accounted for the show up in the account to both spouse

[@newp848]

You can't gift give without the other person noticing. The cash answers doesn't make sense bc most gifts are bought online these days plus I would notice if my spouse took out a lump of caashh would immediately ask why. My husband couldn't buy me a ring bc of this, so he had to have a friend buy it and then we both had to pay the friend back on something I hadn't agreed to pay for (this isn't me complaining about my husband. It was sweet I'm just explaining the awkwardness this situation causes). Now we have separate accounts for fun spending and we gift give from our own accounts. I think the DR team is too restrictive with their advice (more like rules). What works for some doesn't work for everyone.

[@GretaWardFireFly]

Pls provide in podcast form❤

[@GeorgeKamel]

You can tune in and subscribe on Spotify! spotify.link/5MfbUmNYyDb

[@TheGayStoic]

I’m down with Steve’s 4 account approach. Sorry George

[@azteca6695]

My husband and I do this. It works for us. And if we want an expensive item. We discuss it

[@tymondabrowski12]

@@trevoncampbell2744 that argument can be about everything separate. "Why do you feel a need to have your own hobby that you don't share with your spouse?", "why do you feel the need to have separate social media accounts? Something in your marriage might be wrong if you feel a need for this kind of autonomy". People want autonomy for the autonomy. It's like with privacy. You don't want privacy just to hide stuff, you want privacy because it's in a human nature to want it. Feels safer if you can make your own decisions even among people you trust. And levels of comfort differ between different people. Imho, if getting married meant you have no choice but share everything and be shamed out of any privacy or autonomy (especially with "what are you trying to hide? you are probably cheating/want to cheat!"), people would be way less likely to get married. Thankfully in real life people negotiate, compromise and adjust.

[@Doyoulovelamp]

You are dumb.

[@emsbrelopez0711]

Sounds like a good idea as long as both are good with money I’d say

[@ultramegasuper11]

PLEASE do an episode like this about ministers/pastors/etc that scam their congregations. (Pull the weeds in your backyard). 😊

[@whywouldigivemyrealname5162]

I think you misunderstood his 4 accounts. You have the typical shared check and savings, but the other two accounts seemed to be for the entertainment budget and gifts. That’s my interpretation anyways. I just have shared accounts and we don’t really do gifts. We do experiences together for gifts.

[@ElsnaGz]

Nah I agree with Steve. Some accounts together but an account by yourself with an agreed amount per paycheck so you don’t have to ask makes you feel independent

[@brendak81]

George Kamel is my favorite. Keep it up George :)

[@victorwallace21]

Nice video bro thanks

[@divinewind86ful]

Now I want Falafel

[@WhiskeyActualTV]

Love the @dudedad cameo lol

[@acilirp]

Having separate finances is ok. The issue you are addressing is bad communication. Joint or not, if there's no communication in regards of the finances everything will go south at some point.

[@frankm2385]

Apparently, all of the stay at home Mother's and Father's are doing it all wrong (According to Steve). Where do they get their money from?

[@BriteEyes1]

When I was married, we had joint checking/savings accounts. In fact I was the one that balanced our accounts, paid all the bills, etc. We each were allocated our own spending money. It did NOT stop my ex from committing “financial infidelity” with the spending money he was allocated. He went out and purchased a motorcycle unbeknownst to me. He didn’t require my permission or signature to do so. He used his spending money to date another woman. This went on secretly for awhile. When we divorced the motorcycle debt was his. SO having everything joint does not ensure that either spouse would not commit financial infidelity. I didn’t. That’s a character flaw. Hopefully BEFORE you marry the person you will take a look at a person’s credit report, take note of their spending habits, and discuss your financial goals and plans as a couple. This is something I failed to do because we both had great jobs and I was so in love. I learned the hard way.

[@carlaritchie331]

Interesting to have a shared savings account that requires BOTH signatures to withdraw. May prevent a spouse ready to leave the relationship from withdrawing all the funds, draining the account to take with them.

[@drew2060]

Well said.

[@izzyso3820]

absolutely not separate bank accounts.

[@joysilas4724]

A few of those women in the clip aren’t even married. Of course they would agree.

[@brokeinvestor.]

Love your content!

[@manolom6698]

“But stay away from my falafels” 😂😂😂. Love it !

[@Will-if7wp]

I love Steve Harvey. He helped me to get to the level I’m at today. I jumped and I am going to keep on jumping.

[@catherinefrancis5827]

Excellent video George ❤😂

[@kylestokes4501]

Just be funny, “Ask Steve,” he’s trying to be like my Mother in Knowing Everything😂

[@Werdna12345]

9:50 glad that Ramsey solutions has some estate planning services. Worried that it doesn’t show trusts as part of the package. My understanding is if you only have a will, your family still has to do through the court system in order for your will to be executed. Having a simple will that says do what my living trust says avoids hassle in the court room.

[@ericaterrones16]

The “no debt” advice of “that’s never gonna happen” KILLED me when I watched that episode!! Steve is soo smart and then 😮, that was worst advice I ever heard him give!!! Made me disappointed

[@polarablues64]

What was it Steve told that one poor gameshow contestent who said his dream was to be debt free? Something about getting rich using other people's money? Guess his accountant took that to heart

[@Sar0]

I have been taking the bus for the past 7 years . Because I'll only drive a porsche turbo.

[@teenindustry]

Steve is right on this. Women are predominantly victims of finanical abuse and need independent funds. But I also like the idea that my partner can be trusted to just have some of his own money. It is also nice to be able to surprise your spouse.

[@MsLinda165]

Yes, that way, if the one person is still finding ways to extort money from you, you'll find out sooner than later. Believe me, a dishonest spouse will still find ways to screw the other over...but at least it's harder to do.

[@Juslovdisney]

Seriously law of attraction 😳 uh insane

[@MarkRizzoTheDragonWizard]

Great show today George. You know how to hit them wear it hurts, but with style.. ha ha.. My friend Kim who works at the same college I do said she was sorry you weren't going to be there at the Anaheim show, but she was happy she got the VIP ticks.. Man, did I just name drop my friend? Bad form. awkward

[@roolyfe]

Should you get a prenuptial agreement?

[@AbidingHopeMentalHealthCoach]

That “10 more times” nonsense… so you can become a millionaire walking dogs? I mean, I make $20 for hemming a pair of pants. But I will never get rich off of that. And he forgot about expenses… most everything I make sewing goes into tithe and paying bills and saving for retirement and a few enrichment things like voice lessons. If I keep saving like I am today, I’m 20 years I’ll have about a third of a million in mutual funds. I am actively working on another line of work that will more than double my income, and eventually get me to 6 figured a year by the time my kids are grown. And that’s how I’ll become a millionaire by the time I’m ready to retire. Not by hemming pants!

[@sct4040]

This advice makes a lot of sense.

[@carolherm]

Agree 100%

[@taneshahinds8980]

So how many accounts should you have? He criticized Steve's answer,but didn't explain what the correct answer is.

[@GeorgeKamel]

One joint checking, one joint savings. Maybe a separate joint high yield savings to store the majority of emergency fund. That’s all you need.

[@devraga9612]

How old is George? Married for 20 years? He looks very young. Great channel.

[@nhlanhla.vchili960]

Ten more times? Where did he study his maths? Aren’t we charging $10?, now how $1000 can be $10000 by doing ten times?🤣

[@rimmyreddy788]

Steve is right and you are right as well. There’s usually a saver and a spender. The saver wants to save the spender wants to spend. They always clash. Most marriage would fail sooner with your advise. With Steve advise u exist together but separate. All in all, don’t get married in todays age and if u do love yourself more and don’t settle.

[@miriammordas3]

Hilarious videos every time 😂

[@consejosdemama6084]

😂😂😂 Harvey is a good comedian 😂😂😂 not a financial advisor 😱

[@brettstafford9665]

7:13 check that math 10 years times 10 = 1000 years

[@francetoronto]

Steve's math is not mathing. Haircut for $10 do it 10x is $100, do it again 10x is just another $100. So that's only $200. How is he getting hundred thousands?

[@tymondabrowski12]

He meant, do what you did to get $100 (10 haircuts), meaning 10*10 haircuts, which means $1000. But George is right that it's not that trivial to "just" scale up exponentially. If it was, every average business owner would get filthy rich.

[@blackspiderman1887]

I rarely agree with Steve, but I actually agree with the 4 bank accounts. Too many spouses are reckless with their money.

[@GeorgeKamel]

And the solution is to be an enabler and turn a blind eye? Instead of dealing with the root of the reckless spending? It’s gonna be a no from me, dawg.

[@Kirito14682]

I remember tge 2nd short with the 10 dollars things and that is straights bs. Sounded like a pyramid scheme.

[@miriammordas3]

👏🏻👏🏻👏🏻

[@ihaveadreamformykids4400]

Savings account? Lol

[@vibinwiththeguzmans5828]

I appreciate Uncle Steve but I’m definitely not taking his advice on any of these suggestions.

[@eprofessio]

Single women raising babies by a man whose culture raises children on single households.

[@ciscoshibler3214]

Steve harvey is so ignorant. My wife and i always had a joint account and its the only way. I am 28 years old and debt free! We Paid our house off a year ago to the month. Most freeing feeling ever! Love the Ramsey Show and Goerge keeps it entertaining! You all have changed my life! If you are ever in Kansas hit me up lol.

[@dougwest3272]

George you are the BomB DIGGITY