How I Built a $1M Net Worth by 32

  Рет қаралды 82,964

George Kamel

George Kamel

Күн бұрын

Пікірлер: 277
@henrymitchell9717
@henrymitchell9717 10 ай бұрын
Professional jobs, investing in stocks & global index funds, and steady saving - that’s how I got to the 1M mark!
@Couchlnvestor
@Couchlnvestor 10 ай бұрын
My wife and I are in our mid 30s and have about 300K in various savings/investments account. 1 million is certainly a goal, hopefully before we hit 50.
@henrymitchell9717
@henrymitchell9717 10 ай бұрын
Get it! Keep stacking assets & watch it grow.
@bankers_hour
@bankers_hour 10 ай бұрын
What’s the best return on your investments?
@henrymitchell9717
@henrymitchell9717 10 ай бұрын
Well, um.. 20% annual return!!! I’ve got a fund manager that is positioning a global fund that has a five-year history and it has been consistently beating the market.
@Q.Gillette
@Q.Gillette 10 ай бұрын
I’m more concerned with how you do it. LOL! I’m struggling to hit 5% a year.
@DorathyJoy
@DorathyJoy 11 ай бұрын
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
@SandraDave.
@SandraDave. 11 ай бұрын
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?
@JustenHarden
@JustenHarden 11 ай бұрын
Convinced George has the best editor on KZbin
@tylersanders2388
@tylersanders2388 11 ай бұрын
The entire Ramsey team seems like the cream of the crop. They don’t hire or put up with anything less than the best
@nicrules77
@nicrules77 11 ай бұрын
def has an editor that works great w/ george, chemistry i can even say
@dominickburkhardt1486
@dominickburkhardt1486 11 ай бұрын
I’m telling you. Give that man a raise ASAP 🙌🏼👏🏼
@greasechoreography5501
@greasechoreography5501 11 ай бұрын
Plus George is a musician and has some entertainment/marketing sense.
@TheBobbyGuerrero
@TheBobbyGuerrero 11 ай бұрын
Mr beast editing team clears
@ViggsPR
@ViggsPR 11 ай бұрын
12 things: [1:36] 1. Live on Less than you make [2:04] 2. Get a degree with ROI [2:48] 3. Choose a spouse wisely [3:44] 4. Avoid debt [4:10] 5. Invest early and consistently [6:10] 6. Keep learning [6:40] 7. Work hard [7:10] 8. Practice delayed gratification [7:25] 9. Never stop giving [8:04] 10. Have an emergency fund [8:28] 11. Buy a home when you're ready [9:00] 12. Get defensive [9:50] 13. Don't care what other people think
@ShibaMcDripNu
@ShibaMcDripNu 11 ай бұрын
#2 "No, I don't think I will." XD
@VactorVerse
@VactorVerse 11 ай бұрын
13. Not caring what other people think
@jyow91
@jyow91 Ай бұрын
Thx brother
@lisaollie4594
@lisaollie4594 10 ай бұрын
Only if a good amount of folks do what you guys teach, just imagine how many millionaires we already have or will have in the future. Not the sad statistics where at least 50% of people are living paycheck to paycheck, even for high income earners. Great contents as always!
@glenbert1396
@glenbert1396 10 ай бұрын
A relatively simple way to build wealth for future generations is to consistently invest in top-notch, dividend-paying REITs and blue-chip companies over time.
@anthonyrussell5718
@anthonyrussell5718 10 ай бұрын
Unfortunately, despite the fact that investing ought to be the best thing a person can do for themselves, most people seem uninformed and careless when it comes to it. My fortune continues to be greatly impacted by the gains I made from stocks and cryptocurrencies. I therefore don't feel the need to wait for the market to improve or to rely solely on my pay.
@roseroland1998
@roseroland1998 10 ай бұрын
How can I touch base with Jill? what are her services like? is she verifiable? do you think she can help me, I live in Canada.
@RyanDaRaider
@RyanDaRaider 11 ай бұрын
“My Wife and I have a combined net worth of 1M” is very different than you personally have a net worth of 1M. I am glad you lead with that.
@OUTDOORS55
@OUTDOORS55 8 ай бұрын
No, it exactly the same under the law if you are married.
@h.s.levine2932
@h.s.levine2932 4 ай бұрын
@@OUTDOORS55yet only half as good as being a millionaire on your own, outside of your spouse’s wealth.
@evr0.904
@evr0.904 2 ай бұрын
​@@OUTDOORS55No it is not.
@jackwillison177
@jackwillison177 3 ай бұрын
For me, the ultimate goal of money is freedom. In my perspective, 1 million is the magic figure that will let me to worry-free at 65 years old. Is it preferable for me to save money or allocate a significant amount of my salary to stocks in order to accomplish this goal?
@Williamjame444
@Williamjame444 3 ай бұрын
Varied sources of income is wise and especially living within your means. My net worth is $1M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
@SCOTTDisick-yc7x
@SCOTTDisick-yc7x 3 ай бұрын
Money advice is subjective, but planning is essential. I was fortunate to learn about personal finance early. Started working at 19, bought a home at 28, got laid off at 36 during COVID, and and at once I consulted an advisor to handle growing my finance. Now, I'm just a few hundred thousand short of my $1M goal.
@AndreaRoberto-wm3th
@AndreaRoberto-wm3th 3 ай бұрын
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and i am interested in investing in stocks.
@SCOTTDisick-yc7x
@SCOTTDisick-yc7x 3 ай бұрын
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. See if she meets your criteria.
@AndreaRoberto-wm3th
@AndreaRoberto-wm3th 3 ай бұрын
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
@thriftymama3786
@thriftymama3786 11 ай бұрын
The tip at the end is the most important piece. Stop caring what everyone thinks.
@freeestyleobsessed
@freeestyleobsessed 11 ай бұрын
100,000 subscribers! Congratulations!
@christhomas7364
@christhomas7364 11 ай бұрын
Maybe you, John, and Jade should collaborate on a music project. Haha. Keep up the good work, George. Your videos will hopefully help steer the younger generation in the right direction.
@ken-scottleembruggen6887
@ken-scottleembruggen6887 Ай бұрын
George this is freaking amazing. Im A++ on the 35 yr old net worth scale, all these tools i have hit and people need to do this.
@Minnowman2024
@Minnowman2024 11 ай бұрын
Quickly becoming my favorite KZbin channel, look forward to every new episode. ❤
@damonsteinke599
@damonsteinke599 11 ай бұрын
Good job George! 1.1 million net worth at 35 right meow 🎉
@GeorgeKamel
@GeorgeKamel 11 ай бұрын
Way to go!!
@alvinbarlowjr9300
@alvinbarlowjr9300 11 ай бұрын
It's God's money... We are Stewards. Wow! That puts wealth in a beautiful light. Thanks George!
@tyrecarmon20
@tyrecarmon20 11 ай бұрын
I completely agree. Its not my money, i just manage it. Really helps my perception on finances
@taylor.g.deloye
@taylor.g.deloye 11 ай бұрын
Finding the right partner is by far the hardest
@BeforeTheBillions
@BeforeTheBillions 11 ай бұрын
I 100% agree. Your partner can either upgrade you or ruin your life.
@marcello.menjivar
@marcello.menjivar 11 ай бұрын
It's not the sexiest, but definitely a doable strategy! Good stuff George, once you cash out that Retirement Account and Sell that House you're gonna be living like a King! 👏
@KailinruAdao
@KailinruAdao 11 ай бұрын
My parents have never told me how to save money or invest. But they taught me how not to spend money on something that I can not afford. That helped me not to owe any money to anyone whole my life. But I wish I knew how to save money efficiently.. I am in my mid 50th, saved up around 450k but I could have done much better if I knew all the tricks.. My way of saving money has been most inefficient way and painfully slow.. Work hardest and just keep money in the bank account style...😂
@Millerdelo
@Millerdelo 11 ай бұрын
@Watkinsgorge great info if i don't have to send her my money will definitely speaking with her soon, 41 now, Almost starting from scratch. Have close to nothing in Pension, minor savings, huge student loan, house debt 220 k USD, but valued 300 k USD. Hopefully going forward I'll be able to make some good dividend picks.
@dspethschneider
@dspethschneider 11 ай бұрын
I started saving and investing in 1989 at the age of 20... my father forced me to start. I love that man today!!! I am 54 today and have 2.2 million in my retirement account, 135k liquid and I trade securities with 50-55k
@TamaraGodina
@TamaraGodina 11 ай бұрын
@Watkinsgorge You were blessed with a good father. Mine didn't care about me because he is a misogynist.. I was a good and loyal daughter and never brought shame to him.. he never loved me and was cheap with us as kids. I cut him off when I woke up and so much happier. I started investing March of 2020. I made up for lost time. I had a bunch of money on the side line waiting. Now I’m addicted to investing. Most of my salary goes into the markets
@KailinruAdao
@KailinruAdao 11 ай бұрын
@Watkinsgorge Thanks very sharing, had a great time speaking with her, interested in her strategy and can't wait to start working with her.. happy that i won't be sending my funds over
@nicholsonks
@nicholsonks 11 ай бұрын
Same here! I just had funds in a "savings" account. I then tried to invest and have had pitiful returns. I finally just yesterday signed up for a Digital Advisor (AI) through the investment firm. Hopefully I start making progress!!
@johnhauser6913
@johnhauser6913 11 ай бұрын
Almost 100k subs George keep it up
@kristinolan7240
@kristinolan7240 11 ай бұрын
George makes learning about finances fun!
@Treequilt101
@Treequilt101 11 ай бұрын
Disposable H&M cardigan is hilarious.
@laundrygoddess4
@laundrygoddess4 5 ай бұрын
For our clients, we do personal net worth and household net worth. He is a household net worth millionaire not a personal.
@steveb8848
@steveb8848 7 ай бұрын
WE George, got to loose the I man. Congrats brother for the great content and solid work.
@NatalieLong-be6bo
@NatalieLong-be6bo 11 ай бұрын
I'm so close at 34, hoping to hit it by 35!
@vamoscruceros
@vamoscruceros 11 ай бұрын
​@sea-saw In the video George mentioned at 4:43 that retirement savings are about a third of he and his wife's net worth. Having a company match definitely helps. It sounds like most of their net worth is in the house. At 8:45 he mentioned that was what pushed them over $1 million.
@hannahinhealth
@hannahinhealth 11 ай бұрын
Fantastic advice, George! I love the logic and simplicity of these steps. Makes wealth building feel really accessible if you have discipline and motivation. Also the editing on this video is amazing
@llchew7784
@llchew7784 11 ай бұрын
Thank you George for another awesome video, my two kids are willing to watch your videos. In fact, everyday they ask to watch your video. Love love love that you say choose your spouse wisely😂 it’s real but many ppl don’t even thought/think about it. Please consider to make a video for teenagers to be wise and start life on the right track…
@lisagardner9798
@lisagardner9798 11 ай бұрын
Sure wish I would have found you and the Ramsey program years ago.
@carolynsangster8941
@carolynsangster8941 11 ай бұрын
Congratulations,beautiful gift from God,may He bless ur family ❤️
@TraceyBergum
@TraceyBergum 11 ай бұрын
YEAH!!! 100000 subs Congratulations!!!
@GeorgeKamel
@GeorgeKamel 11 ай бұрын
Thank you!! Unreal!
@WhatShallEyeDo4U
@WhatShallEyeDo4U 11 ай бұрын
I majored in Communications too, George... I don't really use it, but I think that will change, some day.
@travisd8374
@travisd8374 Ай бұрын
I agree with all the points here, but 7 years is still very quick (7 years after you were out of debt) to hit 1M based on slow growth methods. I agree with slow growth methods and practice them myself, but any tips on how you sped that up so much? Just side gigs? Don't want to take away from the wisdom of slow growth, but all I'm left with is that your ROI on your degree was pretty substantial and/or your wife may have already invested in more than her 401k. (1/3 of net worth in retirement accounts = approx 333k. Modest town home = approx 200-500k depending on where you live ( I live in Denver so 300-500 is basically as low as it goes), leaving an additional 200-500k saved and/or invested in 7 years. Thats a lot.) Either way, great work!
@voidfroze
@voidfroze 11 ай бұрын
“Pluck yeah”?? 😂 i was like damn George, so it’s that kinda channel now
@FrankS111
@FrankS111 11 ай бұрын
George forgot the most important factor for him: 1) huge salary as a Ramsey personality. I’m 37, been making 6 figures as a senior engineer for many years and fully paid for college. Been investing religiously since the age of 22 (15%-17% of my income). Rarely ever bought anything. My net worth is only $600k Would love to know his income history here.
@andrewdempsey3979
@andrewdempsey3979 11 ай бұрын
I’m not sure what makes you just assume George has some outrageous salary as a personality. Most of the upside with the personality job on top of the salary would be commissions on books and other products and George is about to release his first book. The reality is that he makes a decent income and also has a wife who makes a great income. You’ve done great but you sound like you’re making excuses and trying to downgrade the hard work that George has put in for over a decade. Not a great look.
@GeorgeKamel
@GeorgeKamel 11 ай бұрын
I’ve been a personality for 2 years out of the 10 that I’ve been on this journey. Didn’t have a six figure household income until my wife and I got married in 2018. While salary is a big component of building wealth, it doesn’t tell the whole story or guarantee wealth.
@BeforeTheBillions
@BeforeTheBillions 11 ай бұрын
I 100% agree with you. I’m a data engineer and I’ve been in the tech industry for 5 years now. The only way to make that much so quickly is through an extremely high income and adding the total value of your home as opposed to subtracting the outstanding mortgage balance from your net worth. This is still good solid advice though regardless of how much income he makes.
@15KHPCLUB
@15KHPCLUB 11 ай бұрын
He left that crucial piece of info out because it would debunk all the silly lies he’s feeding you.
@Alex-mj5dv
@Alex-mj5dv 11 ай бұрын
Don’t think they are as well remunerated as you think. It’s not hedge funding, or investment banking. They aren’t board members (possibly Rachel maybe). John I think only works on commission from book sales and maybe gets an OTE/bonus package that I’m sure is large - but he has to perform.
@bcusaaus4749
@bcusaaus4749 11 ай бұрын
I’m on my journey! Been DF now for 18months 🎉 amazing how much I can save and invest. I can’t believe how I lived the last 3 decades in debt and enslaved to a JOB. Biggest down to this all is , I loss many friends because I don’t spend like use to. I’m all about using cash and saving for something I want. I share my journey with friends and they want NO part of my journey ( most still maxed out on CC and still buy fancy cars(100k plus). Granted I have a fancy car but it’s paid for now and will drive it till the wheels fall off.
@dorotheaanderson9482
@dorotheaanderson9482 10 ай бұрын
Congratulations 🎉
@benjaminhartman4488
@benjaminhartman4488 11 ай бұрын
I have kids and a teacher wife.. been working for 8 years... significantly less net worth.
@FrankS111
@FrankS111 11 ай бұрын
Because you have kids. That’s what George didn’t mention. Not having kids.
@brianasbell5856
@brianasbell5856 11 ай бұрын
Basically they went from debt free to NW millionaire in 7 years. That take discipline but also a hefty salary. He’s basically saying he did and you can to and makes it seem that you to can do it in 7 years by following those rules but it isn’t happening nearly that quick without the very large salaries
@punkbassandcovers
@punkbassandcovers 11 ай бұрын
Anyone can do this. You don't need that boat (bring onboard another thousand) or that five bucks (Starbucks) every day or that new truck to haul mulch twice a year.
@15KHPCLUB
@15KHPCLUB 11 ай бұрын
I have a Donzi 38ZX Daytona, Sea Ray SDX 270, and two Yamaha FX Cruisers. Put them to good use, maintain them, instead of showing off to your Instagram followers and they won’t break.
@tubenachos
@tubenachos 11 ай бұрын
I'm calling George "Chuck" moving forward 😂
@shannon1999able
@shannon1999able 11 ай бұрын
Every point is right on!!
@carlom9710
@carlom9710 11 ай бұрын
George we miss your singing commercial, why is there not ramsey commercials anymore?
@petermatthews2831
@petermatthews2831 11 ай бұрын
I didnt know people considered their pension (401k) in their net worth
@jml9550
@jml9550 11 ай бұрын
Of course 401k is part of the net worth, you are entitled to withdraw now if absolutely needed with penalty.
@jarvinator94
@jarvinator94 10 ай бұрын
I’ve said for years people’s opinions don’t pay my bills
@DominickSpano
@DominickSpano 11 ай бұрын
I like George, but not everyone (few folks) get jobs with Dave Ramsey in mid 20s. I am 38 with a PhD and actively looking for work. My point is George got good opportunities at a younger age. It couldn't have happened to a better man (I like George) but this is a fact.
@GeorgeKamel
@GeorgeKamel 11 ай бұрын
Thanks Dominic. To offer a counterpoint, you spent a lot of time in academia while I got into the workforce. Not sure what your PhD was in, but I hope it was in a marketable field and that you land a related job soon!
@DominickSpano
@DominickSpano 11 ай бұрын
@@GeorgeKamel My PhD is in public administration with a concentration in organizational behavior from Florida Atlantic University. Actually, is there any way I can work for Dave Ramsey? I am not kidding, I listen to you guys all the time and I would be all about that! I actually emailed my dissertation 'Exploring Employee Turnover during the Great Resignation' to Ken Coleman b/c it goes along with with he discusses on the show, so I figured he may have been interested in talk about it. I did not hear back. I love Dave and would love to discuss.
@ladysusanjane2682
@ladysusanjane2682 11 ай бұрын
Well if you lived in Australia🇦🇺, you would have 11% compulsory employer contribution to superannuation (401k). Just add another 4% pre-tax (salary sacrifice) and pay less tax as you build your retirement wealth. Sounds good to me✔️😃
@porkbelly1144
@porkbelly1144 11 ай бұрын
My partner and I have 5 degrees and 2 diplomas between us and you know what that means.. a copius amount of student debt. Our net worth was negative $150K at 27. After years of hustling, we managed to increase our net worth to $1.5M at 37. None of it was accumulated using my qualifications.. the irony 😅
@Johnny974
@Johnny974 3 ай бұрын
You know how insane it sounds to say that you need to find a spouse with similar goals to build wealth? Once again, this was not the case for our elders, quite the opposite actually, husband went to work and was able to provide for the whole family
@landonpoindexter114
@landonpoindexter114 11 ай бұрын
I am 32 and I feel like I’m really stuck :/ i know this doesn’t sound like a lot but I have a credit card that was at 8,000 I just looked last night it’s at $4900 it’s been between $5200-$4900 because of interest it’s soo hard for me to pay off and move on sometimes I just wish someone would come by and pay it off for me
@landonpoindexter114
@landonpoindexter114 11 ай бұрын
@GeorgeKamel-_- ???
@dianeathoacardinalridge8788
@dianeathoacardinalridge8788 11 ай бұрын
Take up a part time job to whittle your credit card debt down!
@Oprizzle1
@Oprizzle1 11 ай бұрын
I was able to pay my house at 32 and was a millionaire at 34, by myself 😢
@amandadrenter7690
@amandadrenter7690 11 ай бұрын
Where is the best place to get/start a Roth IRA?!
@shanep2760
@shanep2760 11 ай бұрын
$250k at 34, I'm a little behind you 😢
@Jen-qb9cl
@Jen-qb9cl 11 ай бұрын
Great vlogs! Which is better in 401 S&P or target date fund . Planning to retire in 17 yrs
@tpolarbeart
@tpolarbeart 11 ай бұрын
George I love the videos but I am a nerd. I would love to see the numbers year by year. What was coming in and going out and how much did your net worth grow each year. Only reason I ask is that is incredibly impressive especially at such a young age. I think more detail is always better.
@Nobody2day553
@Nobody2day553 10 ай бұрын
1: live on less than you make. 2: you and your spouse both make 200k+
@sophiasavanna1329
@sophiasavanna1329 11 ай бұрын
Why were you singing with your eyes closed? Never understand why people do that 🤔... great video, keep it up!
@grantguy8933
@grantguy8933 11 ай бұрын
This is me.
@danieljohnson4418
@danieljohnson4418 11 ай бұрын
Avoiding debt, living on less than you make, and investing 15% of your household income is not overly difficult when you have a healthy six-figure household income. Yes, I know there are plenty of "broke" people earning $200,000+ per annum, but those people obviously have no financial plan and/or self-control. I'm not trying to be a hater, but context is important.
@dinahcharles6502
@dinahcharles6502 11 ай бұрын
We did it with much less. Concept is simple, putting it in practice is hard. Keep on trying and do better it'll come.
@15KHPCLUB
@15KHPCLUB 11 ай бұрын
And there are plenty of families with high household incomes who’ve done all the right things yet still went bankrupt. No one talks about those stories but I will since I’m not one-sided.
@dorotheaanderson9482
@dorotheaanderson9482 10 ай бұрын
Jade Warsaw and her Husband Sam had 460,000 Consumer Debt......(See their story on KZbin ) Their combined income was about $36,000 starting out .... Big Hole/ Little Shovel.... They found creative ways to get that income up.... It took them 7.5 yrs to pay it all off. This was BEFORE she became a Ramsey Personality...... 😊 So no excuses Folks ........
@dorotheaanderson9482
@dorotheaanderson9482 10 ай бұрын
"Jade Warshaw"
@mt.n5427
@mt.n5427 10 ай бұрын
Don’t go into medicine then… most doctors are done with training at 30-34, about 300k in debt, missed out in your 20s and entering a career than demands average 60hrs of work per week.
@alexbernstein1450
@alexbernstein1450 11 ай бұрын
I wonder what part of that net worth is just house value.
@GeorgeKamel
@GeorgeKamel 11 ай бұрын
More than you’d like
@alexbernstein1450
@alexbernstein1450 11 ай бұрын
@@GeorgeKamel ?
@jredlitz12
@jredlitz12 11 ай бұрын
@@GeorgeKamelit’s a perfectly valid question to ask. Don’t need to be a snarky jerk about it
@c0cochan3l29
@c0cochan3l29 11 ай бұрын
Number 3# !!!!!!!!!!!!! 🇯🇲
@jakeharmon5418
@jakeharmon5418 11 ай бұрын
I have a Roth IRA. But how do I decide what to invest in? Are there some automatic investing options with fidelity? Or do I need to read a book to understand what investing options are? What is that book?
@derekharris7634
@derekharris7634 11 ай бұрын
Truth is my life was way better before debt….
@FrugalFamilyFocus
@FrugalFamilyFocus 11 ай бұрын
100% We have a family to support, not a community to impress!
@timbrooks8690
@timbrooks8690 11 ай бұрын
Don't have kids and a dual income well I'm screwed.
@RogueSeabee
@RogueSeabee 11 ай бұрын
😂😂😂
@ashdobbs
@ashdobbs Ай бұрын
I figured he was going to say he married a millionaire
@jackson55736
@jackson55736 11 ай бұрын
I value investing in cryptocurrency like any investment has an associated risks. At this time, investing in bitcoin is considered more of a speculation since it is very early in its development and adoption and therefore has a high risk. With high risk, the potential for great rewards arises. I would say we should invest in cryptocurrencies, especially bitcoin as it may go higher than this very soon and you don't want to miss out
@schaferschulz
@schaferschulz 11 ай бұрын
Bitcoin is a highly volatile market, While you must do your research properly before going into it, you should invest with a professional who understands the market
@Fernando-eh4xu
@Fernando-eh4xu 11 ай бұрын
I have high confidence trading with her, her strategy are top notch
@AlineNathalia-jz3lo
@AlineNathalia-jz3lo 11 ай бұрын
Hi how can I contact her ?
@James-pk9sw
@James-pk9sw 11 ай бұрын
My first trade with her gave me over 6000 dollars profits
@moneyline7587
@moneyline7587 11 ай бұрын
Desde mi experiencia no hay magia en el trading, tener una estrategia que garantice ganancias es lo mejor que se puede hacer y no es para principiantes
@Bhamautopros
@Bhamautopros 11 ай бұрын
Do you give 10% of income earned?
@bennyjoey8444
@bennyjoey8444 11 ай бұрын
And live life like a pauper
@dorotheaanderson9482
@dorotheaanderson9482 10 ай бұрын
A House without Payments Factor into your total networth..... Im guessing that you have equity in yiur home bit its not paid off Yet..... Are you Debt Free exxeot your Mortgage. Once you get to BS6 and can oay extra towards the House you will feel so much better..... We are debt free except the house, investing 15% and paying double , sometimes triple payments on our home that we purchased 3.5 yrs ago. Im 60 and spouse is 69 ( and retired on SS). We started investing late, but we are doomg it by the Grace of God.... Our goal is to have paid for house by year 7....... Paid For before I retire....with Dignity.... The best time to starr investing was 20 yrs or more ago. But NOW is a good time. Plan, Vision and Most important Gods Grace......
@notmirelnam248
@notmirelnam248 11 ай бұрын
#9 is controversial for a reason. There are few things that can decouple people from reality like unearned money. Hitting rock-bottom is often the only experience that can get perpetually-poor people to make some changes. Never give them enough to feel comfortable where they are. Charity is (usually) a bad deal for both the giver AND the receiver.
@EM3Finance
@EM3Finance 11 ай бұрын
Ugh. I’m so close but I’m 33 😂
@kw5371
@kw5371 3 ай бұрын
easy you actually get paid.
@timothytiu1333
@timothytiu1333 Ай бұрын
Btw its net worth, not cash millionaire.
@drtrip8313
@drtrip8313 11 ай бұрын
Is it 15% of your own, or 15% to include the match?
@GeorgeKamel
@GeorgeKamel 11 ай бұрын
15% on your own regardless of match
@Ryanl1333
@Ryanl1333 11 ай бұрын
Most of your net worth in your home and NOT in retirement/savings/investments is not great
@asoggyburger479
@asoggyburger479 11 ай бұрын
The proportions change as your progress through your financial journey. At 5 million, George’s wealth portfolio will look very different. At your first million, 50% in your home is perfectly fine and also common.
@GeorgeKamel
@GeorgeKamel 11 ай бұрын
Who cares. I’m not touching my home equity or retirement accounts anytime soon. Over the next 25 years, my retirement will become $5-10M and my home will be $1-2M.
@15KHPCLUB
@15KHPCLUB 11 ай бұрын
Facts, I mean take Casey Askar as an example. He went all-in to get 50 Cent’s Farmington, CT mansion. I have no doubt he’ll run into trouble at some point in the near future as that place costs an entire executive salary to maintain. God help him when that place starts to fall apart because it’s almost 40 years old. If he tries to sell it like many other owners have, it will not find a buyer for a very long time and whoever is dumb enough to take it off his hands will get it at a heavy discount as usual.
@BeforeTheBillions
@BeforeTheBillions 11 ай бұрын
It appears that almost everyone on social media makes a million dollars or more early on in life. When in actuality they show no tax returns or statements to prove how they made that money. For him he may have made it because of being paid an abnormally high salary from Ramsey in addition to the steps because a communications major doesn’t pay much at all in real life. It could also just be cap 🧢 for more clicks because 1 million dollars sounds good.
@GeorgeKamel
@GeorgeKamel 11 ай бұрын
What kind of mental gymnastics did you use to arrive at the myth that I make a million dollars? 🤣🤣
@BeforeTheBillions
@BeforeTheBillions 11 ай бұрын
@@GeorgeKamel you may be a millionaire and that’s a good thing. I was more so making the point that there’s tons of people on social media who say they’re millionaires with no proof.
@BeforeTheBillions
@BeforeTheBillions 11 ай бұрын
@@GeorgeKamel also you didn’t say that you make a million it was because of your good financial habits over a long period of time that you have a million dollar net worth.
@Zombiebeast1995
@Zombiebeast1995 11 ай бұрын
I bet that he does make very good money now, but a “normal” person can definitely do what he’s talking about. My wife and I should hit the millionaire status around 40 years old. My wife is a teacher and I do road maintenance (no degree). We just started making about $100k this year, and just started making over $50k 2-3 years ago. We are 28. We also own a home with some land which will probably be at least 50% of our net worth at 40.
@BeforeTheBillions
@BeforeTheBillions 11 ай бұрын
@@Zombiebeast1995 I agree it is possible and that’s a great thing that you’re on the right path. I believe that his tips are solid advice. It may not lead to most people making millions, but there are some who will be.
@Foxzero27
@Foxzero27 10 ай бұрын
How about now? Not by 32….
@LordLoMR2
@LordLoMR2 11 ай бұрын
I built a negative $1 million net worth by 32. It’s called medical school student loans and a mortgage. 😂
@jml9550
@jml9550 11 ай бұрын
I wish I have that problem with medical school debt. The only issue is I don’t have the brain. 😊
@dorotheaanderson9482
@dorotheaanderson9482 10 ай бұрын
Big Debt ....... Hopefully ---- Ginormous Shovel .......😊
@chosen2begreat
@chosen2begreat 11 ай бұрын
10% belongs to God
@rbk2kpro
@rbk2kpro 5 ай бұрын
should be changed to *we*. Your money grows a lot faster when there are 2 people
@SunFruitLife
@SunFruitLife 11 ай бұрын
It’s not difficult to be a net worth millionaire by 32 if you marry young, have double income (especially high income) and hold off on having kids.
@davidphones7290
@davidphones7290 11 ай бұрын
These jokes are dryer than the Sahara
@nae4830
@nae4830 11 ай бұрын
But home worth only matters if you sell and downsize, otherwise it’s “just where you live”.
@SunFruitLife
@SunFruitLife 11 ай бұрын
Exactly.
@asoggyburger479
@asoggyburger479 11 ай бұрын
With that mentality your 401k only matters if you sell and cash out, otherwise it’s just “where your money lives”.
@michaelbarrett9107
@michaelbarrett9107 11 ай бұрын
The married part seems like it has some luck to it. You could easily walk into something that hurts your net worth. Yeah I know “marry the right woman.” But women can change their mind and then bam the system tends to hurt men. I have a net worth between 600-700k and I’m 38. It’s harder because I’m by myself but I’ll get there and I’m content that no one can take it.
@GeorgeKamel
@GeorgeKamel 11 ай бұрын
I encourage you to seek counseling to help work through that. Doing life with someone that you love is a game changer, even if there’s risk involved.
@libertarian4323
@libertarian4323 11 ай бұрын
Why didn't he tell us his household income? If he has a massive income (I suspect Daddy Dave is paying him a ton), it's not hard to become amillionaire in 10-years.
@GeorgeKamel
@GeorgeKamel 11 ай бұрын
I became a Ramsey Personality in 2021, 8 years into my career there. So your theory doesn’t check out.
@iseepandas1
@iseepandas1 11 ай бұрын
Why can’t I just have a military strong enough to borrow money with out having to worry about paying it back like the USA
@jmbama2008
@jmbama2008 11 ай бұрын
First
@Jithu_VA
@Jithu_VA 11 ай бұрын
Really! communication has ROI ? Why u need a degree for that ?
@buckymoto
@buckymoto 11 ай бұрын
Yeah it's much easier to have a $1M net worth by 32 when you're earning six figures as a personality at Ramsey...
@weswest8666
@weswest8666 11 ай бұрын
Salty with a side of jelly
@15KHPCLUB
@15KHPCLUB 11 ай бұрын
Truth 💣
@buckymoto
@buckymoto 11 ай бұрын
If I could talk an hour a day for a six figure salary I would, sign me up. But let's not act like he's working extra hard like the rest of us to earn more than us.@@weswest8666
@donnaduckett6499
@donnaduckett6499 11 ай бұрын
They both make six figures
@username9999
@username9999 11 ай бұрын
These video titles are too depressing. I'm already 32 and feel like a failure because i spent the first decade of my adult life "serving a ministry" instead of building wealth. By the time I cared about any of this, it feels like its too late. Try being 32 without a career in this market...
@AriaAzarnoosh
@AriaAzarnoosh 11 ай бұрын
*Keeping< up with current trends and strategies can help traders stay ahead of the curve and make informed decisions, It is important for beginners in trading and investing to understand that success in these fields requires technical analysis, emotional maturity, and self-discipline. I must say trading offers more benefits than just holding. Thanks to analyst Eleanor Nelson Barnes, I've made over 9btc from day trading with his insights and signals. Great TA as always.*
@davidtaylor8645
@davidtaylor8645 11 ай бұрын
I thought you were 45 lol
@firefalcoln
@firefalcoln 11 ай бұрын
As a nonreligious person I found some of the stuff around number 9 pretty ridiculous. Don’t get me wrong. It’s great to give. And of course someone doesn’t get to keep any of their money after they die. So we therefore are obviously obliged to manage money well while alive and put it to good humanitarian purposes when we can. That’s something that and humanist or religious person should be able to agree on.
@h.s.levine2932
@h.s.levine2932 4 ай бұрын
So you’re a half-millionaire married to another one. Still impressive.
@edwinroyal9734
@edwinroyal9734 11 ай бұрын
#1 Make lots of money #2 Buy a house right before the market goes crazy
@chasetiemeyer1056
@chasetiemeyer1056 11 ай бұрын
How WE* Don't sell your wife short.
@BeforeTheBillions
@BeforeTheBillions 11 ай бұрын
Exactly!
@evr0.904
@evr0.904 2 ай бұрын
We. As in he's worth $500k.
@chasetiemeyer1056
@chasetiemeyer1056 2 ай бұрын
@@evr0.904 That is how math works.
@markamark123
@markamark123 11 ай бұрын
I am 45, no kids, and currently at 550k net worth. Still investing in 401k, ROTH, HSA, and ETFs. No debt other than house. House is about to be paid off in June 2024. LFG.
@nicb8723
@nicb8723 11 ай бұрын
Way to go!!
@landonpoindexter114
@landonpoindexter114 11 ай бұрын
That’s awesome good job
@jacobloper8571
@jacobloper8571 11 ай бұрын
George, you're the freaking man. Proud of you brother.
@GeorgeKamel
@GeorgeKamel 11 ай бұрын
Thanks bro 👊🏼👊🏼
@charlotteohara3330
@charlotteohara3330 10 ай бұрын
When can you be generous, I have always been generous but also am broke
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