“This Keeps 99% Of People Poor!” (From Broke To Millionaire)

[@GeorgeKamel]

Seriously an honor to be on the show. Loved this conversation. Thanks for having me on, guys!

[@brucerowe2895]

When I hear people complain about the $1000, as beginning as the number one step I always try to tell them what you said, not many people can keep that $1000, in the bank. They still don't see it. Its fun. I paid off $40,000, and finally got enough in my retirement account to live off of in retirement. That 15% of income worked out for me to be the exact amount the government allowed to put into my 401 Plan. Thanks for going over those points.

[@tomahawk014]

Amazing episode. So glad to see you around here George. I would love to ran into you one day just to say hi and see you in person, you sound like such an amazing guy :)

[@kendal690]

Crypto is not just for financial gain. You are very ignorant.

[@leetjohnson]

Great job George!

[@biscaynesupercars]

Great episode

[@salomonlopez9539]

One of the best open conversations around different money philosophies I’ve ever heard. And loved George Kamel’s boldness in sharing the gospel. Goosebumps.

[@TEHPRA]

I liked how Jack asked about the sin question giving him room to go into that. The fact that they are willing to have these conversations with someone they don’t agree with on everything and not even consider editing out something that isn’t their main content because it was important to the person across the table. I don’t know about Graham and Jack’s faith but I think it’s cool that they gave him that freedom to take the conversation in that direction

[@peekabooicancu]

​@@TEHPRAloved the openness aspect too

[@plummerofficial]

I like that George was sticking to his practices and the Ramsay principles almost as much as I loved seeing Graham & Jack pushing back on him. This was refreshing, versus the normal echo chamber of information you often hear on a solo YT video.

[@paolovalente405]

Following the Dave plan, paid off $550k mortgage in 6 years. Canada only has 10 year ARM mortgages. So while everyone was saying "its the cheapest debt you can get", im Debt Free & laughing while they are crying seeing the mortgage rates double. The peace you get owing NOTHING is undescribable. Its hard work for a season, but doable by anyone...if you truly want it.

[@DB-bw5fz]

Canada doesn’t just have 10 year ARM mortgages. What Canada does have is a maximum “term” length of 10 years, either fixed or variable, with a maximum amortization length of 25 years. Regardless of that…I’m very glad I focused on paying off my house while rates were low, rather than viewing the low rates as a reason to not pay it off.

[@darleneatkinson3906]

The Iced Coffee Hour, in 2003 I followed Dave Ramsey to get out of debt. I only receive about $1,120.00 each month I had $48,000.00 of debt and so I did paid off credit cards 4 of them a vehicle and my mortgage within 4 years 8 months it took me. But I was single no children it was just me. So, Dave Ramsey truly turn-out for me in my life. And that is it each person life situation is different. And I promise myself never get deep into debt. So I thank Dave Ramsey. And thanks you, you younger people helps me to be aware of debt not to go into it I do use credit card only pay it off each month. Thanks a lot from Sacramento, CA.

[@TheIcedCoffeeHour]

WOW! Congratulations! Definitely something to be super proud of!

[@mrbubbles6468]

How did you manage to pay off more debt than you seemingly earned?

[@darleneatkinson3906]

@mrbubbles, set a strict budget for 4 years 8 months cancel as much as I could however this was between 2003 to 2008 years and my house only had $37,000.00 owed on it I am 66 years of age so it was in a different time-line on earth, today stuff is so high I am not sure what I did could be done these days. Hope this help most mostly it will not. enjoy your day.

[@JannyLuits]

I would say TAKE ADVANTAGE OF THE RECISSION! Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.

[@carssimplified2195]

Thats commendable . You should consider imploring the services of a Financial Advisor so you don't get ripped off in the market. They provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.

[@Justinmeyer1000]

@Brillian Tran I have no advisor whatsoever, and this recent decline, which I believe was brought on by inflation brought on by war, among many other causes, really hurt my portfolio. Who would you advise that I reach out to in situations like this?

[@Justinmeyer1000]

@Brillian Tran 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.

[@onyxrafle8066]

@@Justinmeyer1000 the bots are getting more compliacted make sure to report them

[@TwinsAndAPitBull]

@@onyxrafle8066They’re both bots. These bot conversations are getting so crazy, you’re probably a bot too.

[@CalebHammer]

This was GREAT- also, I was joking about the car debt for Jack ;)

[@TheIcedCoffeeHour]

Thank you!

[@GeorgeKamel]

💪🏼💪🏼

[@Aziz__0]

Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. my monthly living expense is up $37500 from $16000 and I'm left wondering what retirement have in store for me 5years down the line, I'm ill-prepared tbh, my 401k worth about $620k and gains are zero-nothing and my stock portfolio?...OH WELL!

[@DreamweaverShade-h9p]

Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

[@dylanbarrett599]

I love seeing smart people who are able to agree to disagree on some things but still able to be friends and find common ground. It’s so refreshing.

[@lbailey325]

Not George. He Will straight ban you from his page and not even discuss it. It Ramsey way or no way!

[@KP-hi1om]

That is a lost art.

[@bvvvnie4396]

OMG! George you did an amazing job from Faith to Finances. You are so down to earth, made it simple and left an impact.

[@Xion-Rotti]

What Graham is pushing DOES WORK. But not for people like me. I’m impulsive and not super analytical. And it’s taken me almost a decade to realize this. Only after getting myself into so much debt I couldn’t breath. Credit cards do feel easier to spend on then cash. So for those people with the discipline to be very intentional with credit you can definitely reap the rewards. Those rewards are paid for by people like who I used to be that carry a balance and pay a bunch of interest.

[@Mishkafofer]

Well, what you wrote applies to most of the population.

[@Rome1017Lights]

I think it definitely works for people like you. Majority of the world is people like you (and me) It comes down to diligence and perseverance, because it's a lot easier to be impulsive and less analytical than it does to try something that's not common amongst the community. It's like when you're teaching a toddler to share, they hate it and can't stand it, but as they grow up they learn the importance of sharing and how it can benefit them in the future.

[@DrBeauHightower]

Loved this episode 🙌

[@omarsuarez8471]

We need more people like george on the podcast! Just regular people with 9 to 5s absolutely killing it!

[@shannonmorehead6119]

Agreed-because most people are just that, 9-5 and need to change their mentality towards money and building confidence within themselves first! Loved this!

[@jimmymarks]

If you haven’t yet, go to the 1:08:13 mark and listen to the 5 or so minutes that follow it. George is truly inspirational. It opened my mind to new feelings about money.

[@NwachukwuEdithN]

First money mistake to avoid is feeling the need to solve everything and be there for everyone, you have to invest in yourself before investing in others

[@BradleyRaiph]

You live and learn. I blew two funded $50K accounts with Karen L Nancy mentorship program. It's really making me self reflect and be able to see my trading mistakes even more. I got caught up in revenge trading and not walking away when I should have.

[@KaylaAlexis.]

Our issue stems from the prevalent belief held by the majority that "having a good job is all it takes to become wealthy." Many people are unaware that these billionaires are using a different set of rules when conducting business.

[@NoahWilliam824]

That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to get rich.

[@JewelWrites-so1gm]

The best approach for novices is to trade under the supervision of an expert, trust me you will be debt free.

[@RobertDavid212]

Wish I knew about crypto trading earlier.stock is good but crypto is better. Brace up and get yourself a bitcoin before it's too late.

[@_gleeam]

I rarely comment but this was one of my favorite episodes from the channel. A lot of times after watching finance videos, I end up wanting more money, feeling not enough, etc. This episode was uplifting. Not only it was relatable and enjoyable to hear open conversation about various philosophies but also just a great reminder to BE GENEROUS. Many finance videos are all about ME ME ME, building wealth for myself so I can live a comfortable life for ME (& family) not really talk about the and about GIVING. Love George Kamel’s humbleness and at the same time pleasantly surprised by his boldness as he shares his beliefs/gospel. Been enjoying Graham + Ramsey Solutions collabs! 😎

[@patriciabowler]

10000000%

[@nalmedina1]

I already had some respect for George Kamel, but after watching this video that respect went up 20x Great episode guys!

[@fondarist4077]

George is amazing...as he self-affirmed...he was "better prepared"... and held consistently to his opinion, with confidence...no need to be insecure, George! ..

[@pkdude5334]

I've said it before and I'll say it again. George is the BEST of all the Ramsey personalities. His knowledge, experience, confidence, and genuineness are second to none.

[@genxx2724]

I was impressed to see him acknowledge and demonstrate understanding of the other side, and admit Ramsey is for the common man.

[@calebreasons]

My wife and I are currently in baby step 2 and are about to pay off my car ($7500 left) then tackling a large amount of student loan debt ($110k). We’re able to throw about $5k/month into debt and are set to be debt free (except the mortgage) in 2 years. It’s a long road ahead but we’re super excited to just decide to stop running this stressful race of trying (and failing) to manage debt. We’re done with consumer debt. George and Dave speak to the vast majority of Americans and their program works.

[@tascoVal]

I'm thoroughly impressed by the young man who absorbed the philosophy and information, asked insightful questions despite practicing the complete opposite from the guest. This is one of the better videos which outline the benefits and drawbacks of each philosophy from these two schools of thought.

[@cctforthee]

I don't even think they are necessarily in conflict. Both admit that each works for the right person. George and Graham know that Dave's system is intentionally a one-size fits all, and Graham's method works if you want to put the work in. Doesn't mean one is better than the other. In fact, you could even argue that the best path is to start at Dave and graduate to Graham after you feel comfortable enough to work the system. I think there are just some people that are better off using Ramsey like an AA meeting that they should attend for life, and for that reason, Dave has to emphasize that it's a lifelong philosophy, and it can be, but it doesn't have to be.

[@richard-mai]

My dad taught me at a young age to not spend more than what you have in the bank when using a credit card and to always pay it off in full each month. That’s what I’ve done my whole life and have never run into any credit card debt issues. I don’t even have to be conscious about it when I have it on autopay. It’s like using a debit card with cash back while building credit.

[@euenfheiejrj]

Yeah I thought that was the norm as I’ve always thought that’s how you use credit cards.

[@georgewagner7787]

I do too but most people get into trouble

[@taylor15589]

It honestly doesn’t work for a lot of people. It’s about psychology. When you have the ability to spend more, you spend more. It’s like when you get a raise at a job, you might spend more on fun things because you have more. Having that ability to spend more, people can “forget” how much they actually have. It’s an easy hole to get into. When you just use only debit, you only look at the number you actually have. There is no spending extra because in essence, on a credit card you are spending other people’s money - money you do not have at that moment so it can lead you to care less.

[@misterconn23]

Great conversation from both sides of financial outlooks. Love both the Ramsey show and grahams podcast. So much to learn from all of them

[@kevinjobe2078]

This is how people with differing ideologies on something have a discussion. Well done.

[@BinJim31X24]

Everything about this podcast was incredible! The dynamic between the 3 of you was top notch. Please do another eventually

[@brendasoucy8180]

This was fun to watch and I'm impressed by all three of your very humble attitudes considering what you have accomplished at such young ages.

[@Werdna12345]

Legit one of the best conversations I’ve heard about debt and about faith.

[@krist1203]

Wow, this was a GREAT conversation between you three. Love the ability to see different perspectives without it getting super tense or heated. Awesome job.

[@Stephanie-ki5oz]

absolutely loved this episode. I am not a religious person myself, but could relate and admire the philosophies and perspective he shared. I also liked the space you all left for each others perspectives. I think there's gaming the system, and there's surviving it. A lot of people are at the survival part! Both can coexist

[@jesusandteamroping9386]

Hands down best guest the iced coffee hour has had. George strait sharing the gospel and just like Jack people need to hear it to know the truth. I enjoyed every minute of this conversation.

[@shannonmorehead6119]

Totally agree. Such a good one. I started feeling emotional when Jack dove deep with George & vs/vs. Sharing the truth...so beautiful!

[@Matthewsinstrumentalmusic]

Best episode yet. Love how he shared his faith as well.

[@madbassist2004]

You guys are great at conversations. I enjoy that each of you can discuss differing view points and let each other talk without interruptions and arguing.

[@marcorocci-ct7kw]

Great video. We are all seeking for financial independence and a better way of life. This is not difficult to achieve with savvy investing, a frugal lifestyle, and cautious budgeting. I'm glad I learned early on to work hard for financial independence. As Warren Buffet said, he has seen this happen many times in his life. Not an investor. My husband and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock

[@biankabrodeur01]

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 financial advisors for a strategy that suits your timing.

[@konnergarrett5543]

My boy George speaking straight gospel truth to millions ❤❤

[@MrPeterschmit]

No such thing as gospel truth bud.

[@michellmusso2009]

@@MrPeterschmitdo a quick Google search and read a bit on the definition of the word “gospel” and the phrase “gospel truth”

[@konnergarrett5543]

@@MrPeterschmit I hope you have more opportunities in life to hear the gospel and I hope you can soften your heart to hear the truth of the words of Jesus. There is no greater thing than Gods love and I pray one day you will know that love!

[@MrPeterschmit]

@@konnergarrett5543 I'm 60 years old. I've heard it all. Several times but I'm not afraid to say that the emperor is naked. Tell me where your loving monster god was on 9 11 ? According to the story,it wouldn't have unless he wanted it to. Where was he on 10 7 for that matter? Was he cheering on hamas? Was it his plan for the babies to be burned alive? Not until Jesus entered the equation did eternal punishment come in to the picture. So my hope for you is that you grow up and deal with reality so you can stop spreading evil lies to gullible people.

[@brentjtalbert]

Great episode, George seems like a great guy who shined here more than he does on the ramsey show. also Jack had his best interview ever! my favorite part might be when Jack called Graham out for talking about exotic car loans with 5 minutes left😂 too funny!

[@oherroprease207]

George did great. He’s completely right about the “math” vs the “mentality”. As Ramsey says to people in debt, if you were doing math you wouldn’t be here in the first place.

[@loganerb3952]

Yes but also Grahman has a point too (a more valid one imo) If they weren’t listening to math and thats got them into this position and that’s why their coming to you… why on earth would you give them advice that isn’t backed by math or just basic common sense really 😂. Wouldn’t it make sense to simple educate them on the math and then instill the beans and rice montra? That’s many peoples issue with Dave’s philosophy is that it’s antiquated and doesn’t make sense from many different perspectives. Most people’s point is you can do both… Instill discipline and become wealthy faster with basic math such as using the debt avalanche method, investing in index funds, or managing your credit appropriately.

[@hellfire0332]

@@loganerb3952 "If they weren’t listening to math and thats got them into this position..." This is why you can't address their issues with math, it won't work. Simple education on math isn't their problem (the math for basic budgeting is elementary arithmetic). It's an emotional problem that keeps them overspending, requiring a psychological solution - thus why the Ramsey method is the best approach for the most amount of people.

[@loganerb3952]

@@hellfire0332 you just assume that because that’s what Dave tells you what I’m telling you from my personal experience and perspective is you can educate them on the right way to do things and still instill discipline because at this point they are broken… these people you talk about are coming to him at a time of crisis or point of no return… they’re still going to “eat beans and rice”, “sell the car”, and do all these things that’s changing their behavior. I’m just saying be logical in how you then tell them how to allocate their precious assets 😂. “That’s why math won’t work” is just a cop out imo, they just need a better teacher if that’s the case 🤷‍♂️

[@HuyTran-zs2kk]

@@loganerb3952all you have is a hypothesis about teaching “math”. Can you test that against Dave’s approach? To verify this, we probably need to use stats, math altogether to confirm that teaching math is more effective than dealing with their emotions. Don’t get me wrong, I’m not a fan of Dave’s approach but his approach makes sense. Most spending are emotional, and credit cards enable “that emotion” to validate the spending (with debit card, your emotion cannot overcome the balance in the account).

[@vulpixelful]

That's pretty much saying you aren't capable of managing your finances well based on your past. Speaking of mindset, that's an unhealthy one. I've gotten much farther with a growth mindset than from a mindset of learned helplessness.

[@Poooridge123]

It’s pretty clear that Graham’s advice is for people who can handle the risk of leveraging debt. Mentally and monetarily

[@Dance1617]

Which is a great minority of people. And we have to acknowledge that Graham did NOT get rich using debt. All of his most successful properties he used NO leverage. And 95% of his wealth comes from his business aka KZbin and his Job Real Estate NOT INVESTING.

[@AMindOfMyOwn87]

Grahams wealth is initially real estate with his parents help. But now KZbin and taking money from places like FTX is the driver of his wealth. He pockets that FTX money and tells his viewers to dump their money in it. Viewers lose, he wins.

[@perotal]

​@@Dance1617and Dave Ramsey did not get his wealth by following the baby steps

[@jasoncoomer1226]

The problem with that thinking though is that people cant logically arrive at the conclusion of exactly which type of person they are. *Ramsey's plan works for either* *The other thinking sinks the MAJORITY of ships*

[@KP-hi1om]

I get that. I cannot live with debt. I do not have the discipline to use credit cards and finance things (except house). I understand that there are some people that can leverage debt.

[@wwhite2958]

The idea of paying for someone's ivf treatment is a really nice one. My wife and I went through fertility treatment for about 3 years in the end it cost almost 50k overall.

[@marionexley7355]

What an absolutely brilliant interview/discussion from all 3 of you and my god George, you're a mini Dave, rockin' it!!! absolutely fantastic.

[@Nestorghh]

George is such a great communicator and very well spoken.

[@laszlobauer5274]

George is truly my role model. He is quirky, funny, sarcastic, but most importantly he is submissive. Way to go my man!

[@alexaguillon7904]

George was so gracious through all of these pro credit card debate points. Both sides were so well emotionally composed and it made this video refreshing. This is what healthy egos look like.

[@kenancatrules]

I think it's also important to point out the self awareness side on George's end regarding budgeting. To a certain point, it's like a psychological game. When someone is already frugal and living below one's means, doing a budget, meeting a budget and feel good about it it's more of satisfying a psychological need.

[@dylanturley7291]

I like George a lot and really proud how honest he was about the different methods. Dave’s method is to help people get out of runts and be able to retire. Grams method is how to maximize wealth more than the “normal” guy. Awesome episode.

[@Gajdosh]

This is exactly why George is such a great part of the Ramsey personality team. He had AMAZING answers and rebuttals to every question regarding credit cards and the use of leverage. His arguments are absolutely spot on. It's great to see a good discussion between people who have different points of view but still very much respect one another.

[@DonnieB_83]

There are some strong words and super positive vibes that emit from George Kamel when he speaks. Absolutely loved his content!

[@brigglerintune]

I like how the Ice Coffee Crew is hermit crabbing in other peoples’ studios. High quality shows with low cost. Brilliant! I’m watching and learning.

[@EricaFioriGentry]

Y’all are some of the best podcast hosts. Love the space you give for all different views on this podcast. Wish more of the world could just have conversations.

[@solacemusic242]

Thank you Graham and Jack for being able to have an honest, open, and amazing conversation with George. I have also questioned some of the "baby steps", but now I get the psychology and spiritual depth behind it. I learned so much on both sides of the discussion!

[@victora.aguirre5160]

This show and interview is so heartfelt to me that I am going to save on my favorite list . I will listen to this again for-sure.❤

[@MegaQueenSerenity]

Ramsey principles are fantastic for people who need to change their habits and feel the motivation that comes from following its steps. I think it’s a fantastic gateway into learning other ways of managing finances (like leveraging debt) that really should only be done by people who are responsible with heir money

[@dominickgalinis3210]

Sooooo… 99% of people?

[@KP-hi1om]

@@dominickgalinis3210 facts

[@PartikleVT]

I love this philosophy, I've come across the same way of approaching problems but in WEIGHT LOSS. The hardest part is always the human. Everyone knows not to go into credit card debt or eat too much junk food, but its hard because we are human. You need to use psychological tricks to make it easier and approachable. Hence the debt snowballing method is effective, its easy. Hence why losing weight by creating small habits makes it easier. Even though we always approach these problems from the perspective of whats most effective, in the end it all boils down to human psychology.

[@ericonca]

Super respectful interview - all three here are amazing communicators. George has some *very* different views than Graham, but it's still a wonderful conversation

[@kevinschaeffer1630]

Excellent conversation! Thoroughly enjoyed the back and forth. Great arguments from both sides of the table.

[@mikelacy3447]

Great episode - both graham and Dave have money philosophies that work on the whole. It’s just for different people. Dave helps people get from lower middle class to upper middle class. Graham helps people get from upper middle class to wealthy

[@yanmamabear5734]

One of the best interviews. He is more relatable than most other guests on the show.

[@Kingdomconsultinggroup]

GEORGE PREACHING JESUS ON THE ICH LETS GO🔥🔥🔥

[@scoop9722]

Very satisfying way to spend an hour, learned so much! The chemistry between the 3 speakers was very good, each complimented the other.

[@jcszot]

This was a great round table discussion. It’s interesting how over the years as you get older what you want changes. When I was in my 30s and I had money left over because I follow those three pivotal rules which my father taught me. Save some, give some away, and spend some. When I was in my 30s, I would go out and buy a new pocketbook maybe some new make up at Macy’s lol but now at 56 years of age, I go to Wegmans and buy top-of-the-line steaks and seafood and have a great dinner lol, that’s what makes me happy.

[@GillianSeifert]

George, this was so well-spoken and very convicting! Never heard you speak before and wow- I am officially inspired. This was a great discussion on everyone's part :)

[@GodspeedZRZ]

I'm a Finance manager in the car business in Franklin TN. Only about 10min from the Ramsey Headquarters. I can't tell you how many customers have told me they are on his plan and how well it has worked for them. I can also say that at least half of them are still financing the auto loan with us which obviously I prefer. Wish I could have seen you guys when you were in town! Keep up the awesome content!

[@chanelnoelle4127]

They can’t be on Dave’s plan if they’re financing vehicles. That goes against everything he teaches.

[@GodspeedZRZ]

@@chanelnoelle4127 My point exactly haha they sure do though…

[@glennmorris6071]

Following the Ramsey plan, we paid off $107,000 of debt and increased net worth from $200k to $650k. No credit cards here.

[@DoodleChaos]

1:16:18 “better more well spoken than I am” 😂. Jokes aside, you crushed it this episode Jack. Interesting questions and great arbitration between Graham and George. Loved the episode!

[@TheIcedCoffeeHour]

That was horrible 😂 self fulfilled prophecy

[@nurselifewhit]

I agree! Jack has been great in these interviews

[@WorkhardHDLBTC]

1000% best part of the interview. Jack is a beast.

[@greendorito2448]

Didn’t think I’d see trackmania music guy here lol

[@maticb]

George is right about the credit score thing. Here (Europe - Slovenia) I got my first apartment mortgage on 1.85% variable rate without having any loans before that. And even our credit cards work differently. When I buy something on my credit card, I get a text message asking me how I want to pay it off, and I text back "3 months" it puts it in the next 3 months (credit card limit counts for the full amount) and I honestly don't even know what happens if you don't pay, because there is no discussion of interest rates. I think it's 8% legally allowed maximum interest rate. But our credit cards also don't have any rewards or anything like that. I've since bought another apartment and refinanced my old load to a 1.95% fixed rate :)

[@RussellD11]

Our CC (in USA) right now average around 25%/yr.....

[@Alexis-wh2de]

Wow! It's incredible how much of an odd finance bubble we Americans exist in. An 8% CC interest rate is something last seen in 2003.

[@jennpaul9871]

such a great interview.. I find that I like the Ramsey approach mostly, but I'm very disciplined so I definitely use credit cards and love the free money I get with the citi doublecash card. It's also refreshing to hear George explain the "why" behind the Ramsey method. Sometimes it feels a little empty to just be trying to earn and grow your money into more, more, more. It's nice to hear someone who's main purpose is really just peace of mind. But I'm really somewhere in the middle. I definitely want the peace that George has, but instinctively, I always want to push for earning more and building more, etc

[@NikkiSchumacherOfficial]

Citibank was my husband’s employer for a year. When our daughter was born with a heart defect, hospitals refused to talk to us til her Medicaid was processed- Citibank refused to send hubby his paystubs even though he was emailing and on the phone everyday. He finally got them after six weeks and she was all but dead. Then the same day she died, they fired him for not getting the vaccine. Of course they offered him his job back but we were done with them. He has a new career and by God’s grace we are doing great but no amount of free money would have me do business with that company. Best wishes.

[@noahkyurem]

​@@NikkiSchumacherOfficialI feel for you. Sorry for your loss. I can kinda relate I'm terms of the job loss, I got kicked out of the Navy for refusing the shot. Now I make more doing God's work, carpentry. Best wishes

[@KP-hi1om]

@@NikkiSchumacherOfficial Sorry for your loss. Glad to hear your husband was able to find another job.

[@19ANT86]

Oh my gosh!!! I totally love toward the end how genuinely curious they were about the biblical view and our sinful nature. The Holy Spirit was working through you George and convicting them. It was beautiful. And you three sinners are so respectful and kind. I loved watching this ❤️

[@matkeyboard8054]

Two sides of the same coin: the first option addresses weak self-control, while the second option caters to individuals with strong self-discipline. Great show 👍🏼

[@arfo8353]

Very true! Most people do not have self-discipline to use leveraged debt to create profit, do the avalanche method of paving down debt, or to even pay off their CC balances monthly, so psychologically Dave Ramsey's principles are perfect for the average person.

[@S2K2121]

​@@arfo8353you wouldn't need the avalanche method of snowball if you had self-control in the first place

[@woodysrockspyro6436]

​@@S2K2121 which 99% of people don't have

[@arfo8353]

​@El Gerardo yeah but people with self-control can use leveraged debt to create wealth/profit in a smart and risk-tolerant way, so they would then use the avalanche method to pay down any debts they have because numerically it makes the most sense. You can have debt and self-control.

[@willygoat4113]

Jack is such an incredible co-host. It’s been fun watching him grow as a person over the years.

[@jayc4715]

Mamalo

[@anthonymiranda2683]

Love this! 2 different methods both very efficient. I really enjoy how they understand each other but are still working the most efficient way they know

[@Sashaboss359]

George, great job talking about biblical truths and what we believe in. Jack will be thinking about many things you've said and youre a great ambassador. LOVE IT !!!!

[@roverdover4449]

What a very pleasant, well-spoken, knowledgeable man. Really a pleasant to listen too. Lucky I have never been in net debt in my life, except for a few years just after buying my house.

[@charlottewalker6862]

I can't believe @GeorgeKamel that you feel you are insecure about being well-spoken. George, I was just thinking about 5 minutes prior to the end of the program how well you have articulated your stance on finances, the Dave Ramsey model, and other topics you all spoke about. Truly, one of the best 1 hour and 17 minutes I have spent in a long time, and I am sharing this with my 28 year old, who has become a Dave Ramsey poster child (his Father and I introduced all three of our boys to Dave Ramsey Financial Peace, when they were in High School, and one of them has truly taken the Baby Steps to heart!) Thanks to all of you for this conversation. It is nice to see people with slightly different viewpoints surrounding personal finances be able to talk about the pros and cons, without the need for anyone to change the other person's mind. Truly informational, and I found the positive and respectful dialogue refreshing.

[@littlebuck5218]

Thank you George for explaining the "better than i deserve" thing. For 3 years now i thought like you joke it was more of a financial statement.

[@AbidingHopeMentalHealthCoach]

He mentioned how someone who is going to be a doctor and make $300-400k per year could justify student loans. And that’s true. My brother did. He’s a surgeon now making big bucks. But I’ve also heard calls on the Ramsey show of people who dropped out of medical school, or who work where they only make $120K per year, and they can barely make ends meet with the crushing student loan payments. So even with a law or medical degree, it’s risky to take out loans.

[@Robertgriffinne]

Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choices of investment that has minimum risk and with an Expert guidance, profit and interest should be guaranteed.

[@CharlotteJacobsons]

I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?

[@BenjaminMcLeod815]

Given the prevailing market conditions and the potential risks associated with the current economy, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold. Alternatively, seeking advice from a financial advisor could provide valuable guidance in this matter.

[@NancyFranciss]

We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "Deborah Jean Dykstra", whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.

[@PhilipMurray251]

@@NancyFranciss out of curiosity I did read about Deborah Jean Dykstra on the web.,she has a great resume.

[@ryans7972]

Yeah true, every action you take is an "investment" in some direction. So actions do have reactions

[@codybroyles8751]

Thank you I have done so much to get better at my finances in the past 15 minutes listening to you for the last hour. Love this!

[@BrigetteWaltershield]

I am 22 years old, lost my dad about half a year ago and I am going to receive some money soon. Would it be smart to grow my money in stocks for a few years while I am in college and then invest in rental properties afterwards, or should I go for real estate investing first?

[@theChef1337]

Lol i love how it goes from jack : “what’s the biggest contributor to your philosophy “ to graham: “whats your favorite bank”. Too lazy to fix formatting but sometimes Graham gives off NPC vibes but I still love you bro. Would love to see you guys do an episode with Ramit - recently discovered his work and I think hes one of the best in diving into the psychology of money as well as bringing the most balanced approach.

[@kendallhaines323]

This was amazing. Such a humble and gracious conversation. 10/10

[@garrettshaw8161]

On the Bible I would also point to Proverbs 31:16. The verses from 10 are about a wife or really any women of noble character, with 16 saying "She considers a field and buys it; out of her earnings she plants a vineyard." It implies that she is prudent and diligent, having looked over what would be a good place to put her money into first, as well as productive, using her gains to do more and not for example, letting fear of what might happen lead her to just hide it all away. Lessons just as needed for many of us man as well.

[@Story_Crow]

Who knew you could share the gospel while talking about money! Only the Holy Spirit can guide a conversation like that. Awesome conversation.

[@Susanhartman.]

I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?

[@ThomasChai05]

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 a lot of wealth transfer in this downtime if you know where to look.

[@mariaguerrero08]

It's unfortunate many lack this information, and I understand the panic it can cause. Personally, I've made over $41k passively by investing through an advisor and I don't have to do much work. Even in a challenging economy, skilled wealth managers consistently deliver returns.

[@mikegarvey17]

@@mariaguerrero08That's impressive! I could really use the expertise of this advisor.

[@mariaguerrero08]

CAMILLE ALICIA GARCIA maintains an online presence. Just make a simple search for her name online.

[@diane.moore-]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@cory7229]

I think its great to use the ramsey method for personal consumption, and the graham method for RE investing. Hybrid model and best of both

[@NikkiSchumacherOfficial]

Good analyses.

[@jeremygood3246]

When you invest, you're buying a day you don't have to work

[@mbalimaka6393]

Assets that can make you rich Bitcoin Stocks Real estate

[@chrispaul3778]

It's not ignorance but due to some unprofessional broker in the market

[@maxiecharles2842]

Crypt0 is the most profitable investment online of only you trade with the help of a professional expert

[@popsarah7805]

Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company

[@popsarah7805]

Learn and trade under a guide I do same and I hardly make losses in the market

[@KleinBricks]

George explained Christianity very well!

[@thegreatsauna2347]

Agreed

[@shanedxkent5557]

love the Ramsey crew on the iced coffee hour hope you have them on again soon

[@legacyopp9318]

Proverbs 13 22 says a good man leaves inheritance to his children's children

[@Tenjiecorner]

I have no children and not planning of having so Nope

[@brandonroberts8721]

This was a great pod cast. Cool to hear George's though process on certain things.

[@christinehopping]

George is unique and inspirational. Debt = Slavery. Since being debt free, I lend money / buying Treasuries 5%, so rather than getting a measly 2-3% on credit card, I am a lender to the government and corporation. Credit card is not smart no matter how you try to justify it. Be the master not the slave to your money.

[@meganparker8703]

I love this collab!! I never liked George much on the Ramsey show, but he was chill here

[@LivewithoutLoans]

This was a very good collab! Shout out to George Kamel for showing how peaceful life can be with no debt! Even more pumped to pay off my house in 2.5 years!

[@bwheming]

Congratulations

[@pondikakos]

Loved this so much! This is The first episode of this podcast I actually relate to and was able to finish!

[@NextGenEvs]

The Ramsey Solutions/Graham partnership/collab is awesome!! Keep it up!

[@TheDjcarter1966]

You know credit scores are messed up when my credit score is better than a multimillionaire

[@michaelswami]

My hats off to Ramsey Solutions. They’ve helped millions out of desperation. Hats off also to The Iced Coffee Hour, which give highly practical and sensible advice. Both great assets.

[@lthage373]

It really is nice to see different approaches accepted and not condemned. No shouting, just three reasonable people coming from different places. Gotta say, though, my husband and I "leverage" by being absolutely debt-free.

[@ingamelevi1929]

36:06 You're right, most people do overspend on weddings. It's just a ceremony uniting you and a loved one. Decent lighting, cake, food, have a friend officiate, you'll spend less than $2,000 if you have it in your backyard or at a public park or wherever. But you don't have to rent out a venue. A lot of people think of that as their only option and they'll browse venues online like "Oh this place charges $500 for the evening, it's the cheapest" but really that's not the cheapest option. You've got friends, you've got family. Many of them have houses even if you might only have an apartment.

[@hbchealthybychoice6616]

I’ts definitely a mind shift. These cc companies aren’t taking advantage of ignorant, poor people. Keep educating George! If credit cards didn’t exist,people would think twice about swiping their debit card. Offering cash back is a trap set up for the mentally fragile spenders. They are not in business to help us.

[@FrugalFunMum]

I really enjoyed watching this! A great open respectful conversation some very good points raised by everyone!

[@Great_shout]

Truly enjoyed and learned a lot of things from this interview. Thank you guys. Two different perspectives, from different people very nice.