What No One Tells You About Paying Off Your Debt

[@Jakepattison42]

45 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.

[@Derekhoffman312]

I fully agree; I'm 56 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one and that should be any individuals main route into the market.

[@Dantursi1]

Vey accurate from your POV, It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your goals

[@michaelwiebeck3]

@@Derekhoffman312 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@Jpoteete]

@@Derekhoffman312 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@CindyValenti]

@@Derekhoffman312 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@AnnaOllsson]

Building passive income through dividends is a solid strategy, but for me, early retirement with financial freedom is the ultimate win - especially if it means having a million at my fingertips. I'm ready, but here's what I'm after: what can I do to capitalize on the next market surge and accelerate my path to independence?

[@bartlyAD]

Whenever you're ready, hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.

[@FinnBraylon]

I was taught well on how to save, nothing on dividends, but now in my mid 30s, I'm really ratcheting up investments with the help of a reputable advisor, realized nearly $800k after subsequent investments in barely 4 years so far. I do think I have dropped a lot of stress about finances having a long term perspective about investing.

[@PennyBergeron-os4ch]

This is great! think your manager would get on the phone with an unknown? I'm concerned about my savings due to high inflation.

[@FinnBraylon]

There are many strategists who excel in their profession, you just have to do your research. Personally, I employ the service of DIANA CASTEEL LYNCH. Her profile is on the internet.

[@FinnBraylon]

‘Diana Casteel Lynch’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@SeanTalkoff]

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

[@DonaldStokes-p]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

[@Tonyrobs2]

@@DonaldStokes-p Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.

[@PASCALDAB]

@@Tonyrobs2 Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

[@Tonyrobs2]

I've stuck with SHARON ANN MENY since the pandemic, and her performance has been consistently impressive. She’s quite known in her field with over two decades of experience, simply look her up.

[@PASCALDAB]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@os2958]

A main reason to be debt free is just to have peace in your life.

[@1PITIFULDUDE]

I’m debt free, but all the things I own, free and clear, require me to pay tax and insurance on them. Peace of mind is relative.

[@tedfisk1211]

@@1PITIFULDUDE tax and insurance are required, but they are not debt. Being debt free is not paying interest.

[@xxtoptankxx6873]

@@1PITIFULDUDEyou would still have to tax and registration regardless if they are paid off. What’s your point?

[@jayjaynella4539]

@@xxtoptankxx6873 His point is that you never truly own anything that has taxes and insurance on it, like your home. That is designed to keep you stuck in the financial scam system that is geared to steal your wealth.

[@caseygordon3323]

I have been following the Ramsey plan for about a year. I made a 60K emergency fund. (it just felt like a nice round number). Yesterday, we took the Honda in for an oil change and was informed of a maintenance issue that would cost around $1,000.00. At first, I was kind of upset about it. But then I realized that was what the emergency fund was for. It is just sitting there in the high yield savings account serving no other purpose than to handle this very type of situation. So after I pay the maintenance cost, the interest earned on the $59,000 will regenerate itself in 4 to 5 months all by itself. Problem solved. Thank you :)

[@rriqueno]

Exactly! 👍 Now start investing in an SP500 etf

[@caseygordon3323]

@@rriqueno Have been for about a year now, also doing SCHD

[@ran-z5b]

That is too much cash on the sidelines. Put at least half in VTSAX

[@caseygordon3323]

@@ran-z5b Ya, I have been thinking that it is too much. I only started investing about a year ago. Started small but have been increasing contributions as I gain my understanding of it. Im planning on pulling excess from the saving as dips occur. But I don't want to put too much in at once, because I still don't like seeing such a loss of my own money when investment values go down (I realize that is psychological). But if I DCA for another year, then I feel like when the values go down (as they will), It will at least still be in the green. :)

[@machinesnmetal]

What was the $1000 maintenance issue?

[@vintagecrazyjay4970]

One thing that feels super weird is once you're finally 100% Debt Free, no mortgage...100% Free - makes for some weird conversations with friends, family, co-workers who look at you like you're from another planet. Being weird is awesome! Hope 2025 is awesome for all of you out there becoming Debt Free! Cheers!

[@EFN86]

I can't wait, we are on step 6!! It's already weird when they find out we have no car loan or credit card debt with 6 kids on a single income. We like to tell them that without Dave I wouldn't be a SAHHM 😅 the extra H stands for homeschooling.

[@john-o1g9p]

''we'' will never be debt free. we have no mortgage, but we have property taxes that have gone from 1600 to 3800 in 12 years. miss a year and they will take your property at the end of a gun. debt free is a myth.

[@mrheng562]

@@john-o1g9p, tax and debt are completely different things. Debt accrue interest which make you lose money faster. Tax doesn’t and it’s generally fixed and predictable for expense calculations.😊

[@MunchLab]

@@john-o1g9pHere’s my formula. Not being snarky, legit sharing my thought. Payoff house. Put $75K into bond fund. The dividends will pay the property tax. Later on the kids will sell the house & the bond fund. So for a $75K deposit a person can buy their way out of property tax AND get the $75K back. Thats a big chunk of change, but far less than the dollars required to buy oneself out of a mortgage payment.

[@benerval7]

​@@john-o1g9pI am disabled through the V.A. In oklahoma, 100% VA disabled are exempt from property tax. Some other states do this as well. Not everyone can be debt free, but it is possible for some.

[@xxMisterxTxx]

Just paid off all my debt!

[@anniealexander9616]

Congratulations 🎉

[@janelleg597]

🥳🥳🥳

[@JuniorDelgado-jn5wu]

Congrats 🍾

[@martycech5844]

Congratulations

[@grannysweet]

😂🎉❤👏🏼👏👏🏾👏🏽👏🏿👏🏻👍🎯🏦✅

[@RicardoGuyer]

Happy fruitful year,I'm beyond excited! In just one week I'll be debt-free, having paid off my entire $285,000 debt and begun a new chapter of financial freedom.

[@GriselLebouef]

How were you able to do It?

[@GriselLebouef]

Am a born Christian and sometimes I feel so down 😭 of myself because of low finance but I still believe God😞

[@RicardoGuyer]

its luck, it's me just being at the right place at the right time. I met a financial and trading consultant at a seminar back at Los Angeles later last year, where she was featured and interviewed and I reached out to her afterwards. Her name is Elizabeth Ann Hanson, I didn't know much about trading and investing so I spoke to her about it, she then later introduced me to her platform where I and other people could invest.

[@RicardoGuyer]

Elizabeth Ann Hanson's doing she's changed my life. A BROKER- like her is what you need.

[@RobertJackson-k9x]

Lovely! I enjoyed it like I enjoy a $100k monthly around the turn!!!

[@NickatNightYT]

Its not all your fault, but it is your responsibility .... is THE line! People need to hear it

[@reneespring834]

Being debt free is so life changing. When George said at the end it boosts confidence, he was spot on. With no debt and FFEF, my life is incredibly less stressful. I am in my 50’s, and not huge retirement savings, but feel like it will be ok because I am so organized with my money and life plan. Thank you Baby Steps!

[@Georgekamel01]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍❤❤🎉🎉….

[@mahalia_kendrick]

I told my coworkers I wanted to have a mortgage paid in full before I turn 40 a couple years ago when I turned 27. I dont think they thought I was serious and that I was living a pipe dream. I worked 4 years prior and the next 4 years on overtime hours every chance I could get, took advantage of the stock market and housing market rally during 2020 and today at the age of 33 I am able to pay a mortgage in full and live free. It won't be a nice house, but it'll give me freedom to move to greater goals..

[@Jessrobbie]

I'm really happy for you. Paying off a mortgage is huge. And the freedom that you have to do more of what you want probably feels amazing. Keep on keeping on. Eventually if you wanted a new place a nice move could be to make it a rental property and use that cash flow to help pay of the new mortgage.

[@Ariellasegal.]

From $7K to $35K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@Stephanie-_]

@Ariellasegal, how dose this really work???

[@Ariellasegal.]

​@Stephanie, well not me actually it's my mentor, BRITNEY COHEN ROSE, that made it happen.

[@Ariellasegal.]

Try and Google search her name.

[@Jaymak-t3j]

When I got out of debt , I told my brother " I just worked my way up to being broke " 😃

[@jasonbroom7147]

I will add one more hard truth about getting out of debt: nobody but YOU will really care. It's a huge deal to you and your spouse, if you have one, but other than that, almost nobody gives a rat's tail if you're up to your eyeballs in debt, working like crazy to eliminate it, or already 100% debt free. It's more than a little frustrating that others aren't as focused and celebrating your success, but you have to get used to that and soldier on.

[@erika4697]

Well said. 100%true.

[@TheRiipTide]

Yup. Life is not a game of show-and-tell

[@soleyospkarlsdottir9559]

What about your parents? Maybe you need better friends that actually care about you!

[@galupproperties3098]

Paid off house and 2023 Prius at 31. Life’s easier.

[@ojg386]

Water heater finally died after 15 years. Had it replaced costing $ 4,000 and we paid cash from our emergency fund (3- 6 months of living expenses). No debt and building up our emergency fund again. Inconvenience initially but sleeping very well.

[@danielsinger6722]

Boy you got robbed.

[@Gottaknow]

Dang, what type of water heater did yo get? We replaced one 2 years ago and did the replacement ourselves for around $500.

[@john-o1g9p]

@@Gottaknow 4k if it was for a muni pool. upgraded to a 50 gal 5 years ago. out the door price was 1500 with a 7 yr warranty.

[@youtoobe169]

You got ripped off for $4000 unless you live in manhattan and have a mansion.

[@highhorseofcourse]

BS

[@angieprice7206]

I am on small pensions and carried debt for years. I took a very long time to become debt free. Now each month I am free of those payments. It didn’t change my life but it has made it possible to start saving toward replacing my 23 year old car or my roof, whichever needs to be done first.

[@Georgekamel01]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍❤❤🎉🎉….

[@annem.parent8580]

I just paid off my debt. I am now financially free. I will be purchasing a home. I don't need a car anymore since there is a city bus line and my rent and all my monthly expenses are building and maintaining my FICO scores. I will not make the same mistakes again ever. A lesson learned. If you need that recliner save the cash and pay cash. It is not that hard for figure it out. I live on a city bus line that is actually free to use in 2025. The City has paid for my ride over this year. I am on a mobility chair and they allow two per bus and the bus runs every 15 minutes. I did make payments on a vehicle only to end up with major repairs which I could not afford at the end of four years of payments. I got rid of the vehicle and with no more payments, insurance, repairs and a gas expense I spend about $25 or less a month on transportation. If I need to go to another city there is greyhound, and out of state the Airports. get me to that next destination. So who is stupid enough to keep buying cars that are way to expensive on your budget. These companies can fail for all I care.

[@crashtestdummy1972]

I just paid off my car!

[@quintinnunn1392]

🎉

[@katz20200]

Yay!!

[@MDwng]

High five

[@RobertSmith-gx3mi]

Awesome. The car payment is my last debt and will be paid off no later than 5/17/25

[@lunarminx]

Well maintained it will last you well past a decade, bank those car payments

[@DrBob0910]

I purchased George's book and following his advice will be debt free in seven months. Thank you George and Dave!!!

[@tonycrabtree3416]

You’re gonna love that new life!

[@GeorgeKamel]

Love to hear that! Way to go!

[@Turbochargedautism-153]

The amount of stupid bots promoting random financial advisors in the comments is ridiculous

[@machinesnmetal]

What's more ridiculous is George's team dosent moderate those bots. Incredibly disrespectful to his viewers

[@petersimpson633]

You wouldn't say that if you'd read my boo...

[@john-o1g9p]

@@machinesnmetal i spent time flagging and reporting. NO ROI, so i stopped. it is a real tacky and professional optic. especially considering what they do.

[@jamesu3346]

Almost as bad as some of the comments bragging they have paid of such and such. I have some financial succeses, but do not fee my comments should be bragging about it

[@CollinKayy]

*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*

[@VincentFranklin32]

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

[@MagretHutchison]

That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?

[@ElijahWayne5]

People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.

[@SarahGarbeth]

If you are using a really good broker or account manager, it's easier to earn from the market

[@JodyTanguay]

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.

[@kellymoore1637]

George cracks me up. “Embrace the suck.” Only he can make that sound encouraging!

[@reneespring834]

💜 George!

[@john-o1g9p]

it's an old military expression...

[@teebone2157]

Just became debt free on 1.2.25. Now we stack cash for retirement and make extra mortage payments

[@hamcheesecola]

If you got a mortgage, you're not out of debt

[@mariorta5017]

Mortgage is debt, so you are not free.

[@135john135]

Pay that mortgage off good job on paying off that other debt. Good job teebone!

[@niebieskimotyl3308]

"It's not your fault, but your responsibility" - that's a good one! I'll take it.

[@TheEahnne]

Delayed gratification works. Earn before you spend.

[@dy524]

I love George, hes awesome.

[@alexreader7673]

Love to see George using Dr John's "choose your hard", just this statement has made me change so many things! I feel so much better!

[@GeorgeKamel]

John didn’t come up with that. Nobody knows the origin. But it’s a great principle!

[@StealthyCharger]

Just paid off my car at the end of 2024!! Paid a 63 month loan in 15 cause SCREW CAR PAYMENTS AND INTEREST 😂

[@Georgekamel01]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍❤❤🎉🎉….

[@rodneybugher9312]

May be that one thing no one will tell you is how jealous they are while they work overtime to make the banker rich.

[@dendenski7382]

That Mobile joke shouldn’t have been as funny as it was but man that was good. 😅

[@MooseKnuckleMike]

I’m 37, have a degree and have never been in debt. I never understood how people get themselves in to these situations in the first place.

[@GeorgeKamel111]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍🎉🎉❤❤

[@Doctor_Bong]

I half joke about how long it took me to become "as broke as I was in high school." It references finally paying off the debts and having a 0 net worth. I tempted now to change it to "as broke as before I was potty trained", except everyone remembers high school broke.

[@OmegaZ777]

Well taking a bit longer than 24 months but Baby step 2 should be done either Feb or Mar

[@catherinefrancis5827]

You can do it 🙏🥰🦋

[@Gottaknow]

At least yu are working on your goal! Great job, keep going!

[@Stir-i1w]

Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Ms Evelyn Vera🇺🇸..

[@KaidaBeji]

Same here waking up every 14th of each month to 210,000 dollars it’s a blessing to I and my family… I can now retire knowing that I have a steady income❤️Big gratitude to Ms Evelyn Vera

[@AthensPatao]

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸. Glory to God.shalom.

[@Yhya-d2q]

Wow...I know her too she is a licensed broker and a FINRA agent she is popular in US she is really amazing woman with good skills and experience

[@Valliere-fy2jo]

​@@AthensPatao You've achieved so much already. That's next generation wlth.

[@Tanuja-e8g]

It is very encouraging to see Evelyn Vera here, I started with 3k now with good returns.highly recommended..

[@stayHumble4427]

Thanks 🙏🏽 George for your humor!😂 your approach is fun and at the same time we learn to get out of debt! Thanks again for not being boring! Your shenanigans are on point!! Btw, subbed to your channel!

[@Fedilino]

Becoming the person we needed during tough times is a powerful motivator for both personal and professional development. I wish everyone reading this the best of luck in achieving success!

[@MarekPiatek7666]

Assets that can make one successful in life I. Crypto 2. Stocks 3. forex

[@Mike-u8f]

You're right But I didn't know why people remain poor due to ignorance

[@JustinEvans-s2s]

You're so right, Investing in bitcoin now is the best thing to do especially with the current rise in the market

[@JustinEvans-s2s]

people are really making a lot of money from it... therefore investing in it wouldn't be a bad idea 💡

[@DoroBrayan]

speaking of crypto trading I know I am blessed if not I wouldn't have met someone who is as spectacular as expert Caitlin albrecht

[@fezta-o3d]

I just finished paying my debt off two days ago. Time to start working on the house...2025 let's go

[@john-o1g9p]

it WAS my responsibility. i '' did something about it.'' i got out of debt by declaring bankruptcy. 70, 000 gone in 45 minutes. best decision, no regrets. the financial system IS a system, and i navigated it properly and legally.

[@GeorgeKamel111]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍🎉🎉❤❤

[@tatianastarcic]

The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. Meanwhile, foreign nations continue to desire the U.S. dollar, despite their own economies facing significant challenges, some even worse than that of the U.S. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.

[@HectorWhitney]

I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.

[@BellamyGriffin19]

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advisor? I'll be happy to use some help.

[@HectorWhitney]

My CFA Lisa Grace Myer, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@ChristianKelv]

Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds.

[@JoeJoe-wp1vv]

I took care of my own debt without credit debt builders or any other help. Just do your research, I did things that they tell you what not to do, I went against the grain, I crawled through a pipe full of ish and came out clean on the other side. Now I'm getting of first for all different kinds of credit card and personal loans but I've never gotten before. I pick and choose what I want and then freeze and lock my accounts again.

[@adamolsen479]

Love these videos!!! Keep them coming!!!

[@nick_fitch]

6:07 That transition from YMCA back to the background music was SMOOOTH

[@diazalex5314]

You can be anything you want but you can be everything you want

[@nick_fitch]

You literally put the exact same sofa I just went into debt for on the screen. Hahaha 😬

[@NancyFranciss]

Alright, so I’ve scrimped, saved, and somehow managed to squirrel away $89k in my emergency fund. Now I’m ready to invest, but man, this video has me second-guessing everything. Paying off debt? Sure. But I’m looking for the ultimate headstart to make my money work harder than me binge-watching finance videos. Ideas, anyone?

[@robyn_southafrica]

You are so freakin hilarious 😭🤣🤣🤣🤣🤣 but also such an amazing teacher, thanks!

[@tylercampbell6058]

Hey now George, my dad got a chemical Engineering degree from University of South Alabama in Mobile and he’s done great in his 50 year career.

[@GeorgeKamel111]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍🎉🎉❤❤

[@ArnCital]

In 2014 a crooked justice court judge ignored contract law for a credit card agreement which mandated binding arbitration so he did not have jurisdiction. The CC lawyers claimed it was too expensive for them to sue me in arbitration, the judge agreed, and he signed the illegal judgement. I kept telling all of those scoundrels that I had no money and I knew that any judgement would hang over my head forever and not expire like state law mandates for CC accounts. So I filed for bankruptcy, I have no credit today, and I own my own modest place and vehicles. Life is good without credit. I save up to make major purchases.

[@bthomson]

No in the know on this channel but... The young one is pretty dynamic! The first three ( all I listened to) are very true!

[@kennethroyer9949]

Here is how I do my money. And yes I'm this conservative! Zero debt (except for the house) 3 months in checking 3 months HYSA 1 year Vanguard short term bond fund 5 years in Vanguard Wellesley Income Fund Open Vanguard Roth IRA Use employer 401k match only increase when all of the above are fully funded. Once you get to 15% in 401k (plus all of the above) put extra money paying down the house faster.

[@john-o1g9p]

just remember, even with a clear title, you will always have prop taxes. debt free is a, ''hard untruth''.

[@mrheng562]

Dude!!! Who’s your editor?! Tell them they’re going a great job!!!

[@austinbar266]

The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?

[@jcurdrayeric243]

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

[@rogerwheelers4322]

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimise financial outcomes, who can provide specialised advice and methods to decrease expenses and maximise income.

[@joshbarney114]

I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

[@FabioOdelega876]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@joshbarney114]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about three years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@matthewsawczyn6592]

The phone family plan was a deep cut, George 😅

[@christythomson536]

I developed a brain hack to help my financial situation turn around. I called it Christy’s $100K Miracle Triathlon. Swimming leg - my job. If I quit early I would drown. (I was a serial job hopper.) Biking leg - money in, money out cadence. Fix flats, make sure your bike is in working order. Running leg - investments, savings. One step forward, saving a set doable amount, over and over. Before you know it you’re running without effort. I made my goal. In the process I shed a lot of pounds, bad money habits, debts. I even started running, just to walk the talk. Love it! The shame is gone.

[@slashdash5279]

I am so happy you had no Aurther clips on this post. Thanks George Kamel

[@WhistlerBrooks]

Got to love this funny little man 😂👌❤

[@sherlockwho5714]

I would disagree with selling your car to get out of the car loan. It sucks but paying off the car and keeping it is important. As to the snowball method I agree to start small. Just remember to make a little room to enjoy life within moderation. That should prevent you from going on a spending spree.

[@Zadow]

The best thing I can do is avoid getting MORE debt, whatever there is to pay I shall pay off, and any chance to make new debt I shall avoid. even just basic purchases I shall definitely think twice

[@michaeldevaughn68]

I paid off my mortgage the day before turned 40!!!! I pay ALL my credit cards off IN FULL before they are due!!!! If I DON’T have the cash in the bank to pay for it I DON’T buy it👌

[@brianmcg321]

I’m a Spring Hill alum. Y’all were our big basketball rivalry.

[@MDAdams72668]

The worst part for me was after paying off all debt and buying a house with cash I thought great I am good Then the town decided that my property had increased in value so much I either go back to work(hard to do when you are disabled), find a roommate(not ideal) OR end up on the street How can COLA be 19% and my home (despite no improvements) be worth 100% as much.

[@Georgekamel01]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍❤❤🎉🎉….

[@briansmith5843]

Hard Truth about this channel and this video - while he is being honest about being debt free, it is in the most self-serving way. "Be debt free and life will be great and do so buying the things I am selling you." There is a reason Ramsey is rich, and it isn't because he is doing what he does out of the goodness of his heart. They make money off you.

[@BroxsonDeighan]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.

[@stephaniebeddis8069]

I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me

[@GrozaGroza-ko7fn]

The first time we had tried, we invested €14,000 and after a week we received €50,230. That really helped us a lot to pay our bills.

[@HighlightsSerieATIM]

It's a miracle and I would testify, 24K bucks every 1weeks! I now have a big mansion and can now afford anything and also support God's work

[@ZahirFriedman]

please educate me, l've come across this name before, Now i'm interested

[@ZahirFriedman]

How can I communicate with her

[@joedonbaker1673]

Get out of debt. It's AWESOME! My wife and I are now retiring early as well. Once you are out of debt and only have taxes, utilities, and insurance to pay, you won't believe how quickly money piles up in your accounts while you're still working.

[@mencken8]

What no one tells you is how to avoid debt as much as possible, and when necessary use it intelligently and get out from under it ASAP. It seems simplistic, but this is how I have the financial independence I enjoy today.

[@claudiag.2055]

Why is nobody pointing out how much folks pay in interest? On a house, car, you name it. Once you see that number, i believe anybody would try to get the heck out of debt asap.

[@untouchable360x]

Hard truths cut both ways.

[@iainrussell3235]

Great video. Go George!

[@Georgekamel01]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍❤❤🎉🎉….

[@kaiboijin817]

Question... What expenses are actually included as part of your emergency fund? For example, if an HVAC system has a 12 year life and costs $12k to replace, does that come out of your emergency fund or should you set up a separate sinking fund and deposit $83/month so you have $12k in 12 years? Similar question as an example: Where do auto repairs come from? Do you budget a monthly amount towards a sinking fund for auto repairs or does that just come from your emergency fund? Maybe it boils down to whether or not you budget for maintenance/repairs as part of your monthly or whether you don't budget specifically for it but it just comes from your emergency fund? I'm trying to figure out if I need an emergency fund of 6 months expenses + a separate sinking fund for auto/home repair/maint. Thanks!

[@EFN86]

Great question. My EF is just over 16k which is 6 months of mortgage, insurances (life, home, auto), food (we have 6 kids so it's larger than our mortgage), electric, water, gas (home), gas (car), internet, and non grocery like tp and soap. If my car breaks down that's an emergency. But car replacement should be a sinking fund. Smaller appliances are optional but if it's a $12k thing, then a few years out start making yourself payments. Normal maintenance is just budgeted in at the start of the month it falls into. In 2023 we had our house appliances dying right and left. I kid you not our fridge, dishwasher, oven, ac, dryer, and washer all kick the bucket throughout that year. Our emergency fund was down to it's last thousand rolling into 2024, but we made it with no debt! So keep those EF's topped off for the rainy years, and don't wait to start refilling them because next month might bring another emergency.

[@ZiggyMoney911]

Good question, I wonder about this too!!! They don’t address this specifically.

[@neilr1492]

Last year, paid 9k for new furnace and AC unit. Ohio here but 12k seems high.

[@zakm0n]

Roll Eagle! Actually, Go Blazers, because growing up in Birmingham hating sports meant being a troll and/or not engaging in the insane rivalry.

[@twobeagles1365]

Great Video George !

[@Matty_Matty_Matty_Matty]

I have 40.000 in student loan debts in the Netherlands. I am 31 years old. The interest rate is 0%, so up until now I didn't pay off extra and I started investing. So I skipped 1 step in the Ramsey plan, but I think that was okay with 0% interest. In 2026, the interest rate will (probably) be 2,6%. I have 50.000 in investments now so I could theoretically pay the debt of today. What would you guys do?

[@GeorgeKamel111]

😂 I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍🎉🎉❤❤

[@brendanolasco2214]

If your investments are earning more than the student loan interest then just let your investments grow and do not pay off the student loan. Just pay your loan payments on time and as long as the interest rate stays low.

[@Matty_Matty_Matty_Matty]

@brendanolasco2214 Thanks! I get a little confused with the debt payoff step, but I guess the rate in USA is 5 percent or higher?

[@NeonKue]

United States of Australia has a nice ring to it too…

[@GeorgeKamel111]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍🎉🎉❤❤

[@lyra2112]

Has anyone here used Tello? I am interested but skeptical. Let us know!

[@MomKukunka]

the book that changed my approach to money is The Gilded Nexus of Prosperity all recommendations... It's completely different from anything I've read so far

[@BigCat-z4k]

I used some techniques from that book to make money, and I can truly say I'm earning more now

[@smith-e4h]

I'll buy you dinner for this recommendation

[@benricard1]

Scam book if anybody doesn't know. Author uses AI to create slop and bots to comment on KZbin videos like this

[@ShawnsTrains265]

Im on my path to being debt free this year. But I just don't th9nk it's going to feel different. It didn't feel any better or different than the last time I paid everything off.

[@richielives]

fantastic video, as always

[@Georgekamel01]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍❤❤🎉🎉….

[@AvaWesley-kb2oc]

*Happy new year 🎊🎉 🎊 I'm favoured only God knows how much I praise Him* , $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.

[@AvaWesley-kb2oc]

Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!

[@JamesWilliam-wl7vx]

Wow that's huge, how do you make that much monthly?

[@ChrisBunks]

I'm 37 and have been looking for ways to be successful, please how??

[@MarvinsMeyers]

I remember giving her my first saved up $20000 and she opened a brokerage account with it for me, it turned out to be the best thing that ever happened to me.

[@PeterMorotta]

I earn from investing in the digital market with the guidance of (Ms. Evelyn Vera) Brokerage services. I'm happy to talk about it!!!

[@Mitchellee-g2s]

In my 50s, I'm focused on investments for financial stability and retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a podcast. What's the strategy for such returns?

[@ChrisWoodBritton]

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

[@05kkmujgaa]

Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023

[@JakePeterson-n9d]

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

[@05kkmujgaa]

Zareen Grace Church has always been on the top of my list. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend her if you want excellent collaboration.

[@VilladsGoguen]

Her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@we4utube2]

Love your videos.

[@Wolfeisberg]

No way I would be able to get out of $85k of student loan debt with about $50k yearly take home pay in 3 years. Student loan debt is the only debt I have, its combined of my wife's and mine. We also only have 1 car for the both of us, a 2016 Nissan Versa Note.

[@michaelcalles1124]

Truth George!

[@ralphparker]

I remember when I looked my savings account and realized that I could buy a car with cash if I needed too. (At least 4 more years went by before we bought the next car.)

[@Georgekamel01]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍❤❤🎉🎉….

[@Peg38542]

Short term sacrifice to be FREE!!!!!! I'm putting that up where I can see it!! :)

[@Buckeye4life7]

We have 11k in credit card and student loan debt I have about 100k in business debt (vehicles, equipment, line of credit etc) When do I stop growing the business and pay off the debt vs continue to grow. I’m in need of a larger space which will in turn improve my productivity and profits but should I pay off my current business debts before taking on more?

[@Georgekamel01]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍❤❤🎉🎉….

[@Griftless-j4g]

CREDIT - The perceived idea that we have worth beyond what we have shown ourself to be worth up until the present time and will be worth even more in the coming future. All this despite the fact that we can't afford to pay for what we're living on currently and are willing to pay someone else interest just to prove to us we don't have enough money to buy what we want.

[@mark196233]

It's easier if you don't get into debt in the first place. Or perhaps I should say unnecessary debt.

[@GeorgeKamel111]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍🎉🎉❤❤

[@darrall2877]

Oh my!, half the video is a commercial 😮

[@GeorgeKamel111]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍🎉🎉❤❤

[@MusicMike747]

After finally becoming debt free, now I have to find other ways to channel the sacrifice and determination it took to get here.

[@wagon9082]

Good Video

[@Overlord277]

It IS your fault. Own it. Pay it back.

[@alanhill2508]

First time I've watched a video by George. What he tells me? Boomers and Gen X'rs must have been horrible parents. What all the content here boils down to is simple self discipline. Everything in this video is common sense. But not to people who have been raised in unfiltered consumer culture. My dad would slip his empty hand out of his pocket, palm up and say, "If you don't have the money (meaning cash in hand), you can't afford it." Period. I understand the country is different now. The level of wealth disparity now is criminal. When I went to college (1973) I lived near a State University. I could live rent free with my parents, work part-time during the academic year and full time in the summer and PAY my tuition and books almost completely. Some help from Mom and Dad. Nowadays, this is inconceivable. And we have come to this pass within a single lifetime.

[@GeorgeKamel111]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍🎉🎉❤❤

[@burnerjack01]

Money is Freedom. Debt is Slavery. The bigger the bank accounts balance, the bigger the number of choices Life has to offer. Time matters.

[@stickfighter1038]

Paying of you debt and mortgage is freeing. Even if you don't have a huge retirement nest egg and pension it eliminates a lot of worry.

[@Georgekamel01]

I’d love to hear from you! Feel free to reach me with your thoughts, questions, or just to say hi. Looking forward to connecting🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ±𝟷𝟸𝟷𝟹𝟹𝟶𝟿𝟷𝟼𝟾𝟼🤍❤❤🎉🎉….

[@Zulonix]

I’ve basically lived my whole life debt free without any plan. Just spend less than you earn.

[@pastorquangful]

University of Mobile?!?! I know the women's soccer coach there :)

[@mohamedusf7821]

I recently discovered your channel and I love your videos , very helpful. I just have a question how do you achieve financial freedom in an economy that has double digit inflation rate and yearly devaluation of the currency. How do you hedge ?

[@juannolopez1361]

Embrace the zucc and keep moving 3:36

[@chuckstemm443]

George needs his own line of denim jackets 🧥

[@FredRed-n6o]

I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love

[@CashTerry-g2m]

My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.

[@Noaharth22]

wow this awesome I'm 47 and have been looking for ways to be successful, please how??

[@SarahScotch]

Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

[@dratej]

Elizabeth Regina Nelson has really set the standard for others to follow, we love her here in the Uk 🇬🇧 as she has been really helpful and changed lots of life's.

[@Tarryma-n1j]

Same here, I believe the Bitcoin ETFs approval will be life changing opportunity for us, with my current portfolio of $108,000 from my investments with my personal financial advisor i totally agree with you