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George Kamel

The MONEY Expert: The Simple Plan That Made Me A MILLIONAIRE (ANYONE Can Do THIS!) | George Kamel

“Millionaires are okay with the long term. They're playing the long game."

Today, we’re joined by George Kamel, a renowned Ramsey Personality and personal finance expert. George’s journey from a negative net worth to millionaire status in under a decade is not just inspiring, it’s a blueprint for financial success. His book, ‘Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress,’ is a must-read for anyone looking to escape the pitfalls of modern financial traps. From credit card debts to student loans, and from mortgage mishaps to investment traps, George tackles it all.

 

Buy his book, Breaking Free From Broke: The Ultimate Guide to More Money and Less Stress

"Budgets are not for broke people, budgets are not for wealthy people, budgets are for intentional people." @GeorgeKamel  

And now let’s jump into episode 1568 of The School of Greatness!

"Student loans and higher education has become a normalized scam in America today. I'm very pro-education, but I don't think going to the "dream school" and taking on student loans to do it has the ROI that it used to." @GeorgeKamel  

Some Questions I Ask:

  • You went from a negative net worth to millionaire status in under a decade, what would be the type 5 habits of millionaires you’ve studied and have applied in order to get that status?
  • What’s the one piece of advice you would give someone feeling completely overwhelmed by their financial situation seeking their way out?
  • Why do you think people feel the need to spend more than they make?
  • How does someone create that belief that they can have control over their money?
  • How does someone develop that belief that they can pay down their debts if it seems so daunting and so overwhelming?
  • How often should we be looking at all of our accounts?
  • What do you say to those that prefer credit cards for their perks and don’t wish to track their transactions?
  • What are the 8 different credit card archetypes and personalities?
  • What do you think is the number 1 thing about money that stresses people out the most?
  • Do you think more people have shame about being in debt or more people have shame today about having an abundance of money?
  • Can you work somewhere for a decade, not start your own business, not be hustling on the side, not obsess about earning more constantly and still become a millionaire?
  • Why do you think so many people have shame about their wealth that they’re afraid to share it with their friends and family?
  • What do you think are the 3 biggest question everyone should ask before getting married?
  • Do you think love is enough to keep a marriage healthy if you’re not aligned on values around money?
  • What is financial infidelity? 
  • How do you repair a relationship if there’s been financial infidelity?
  • Is there an amount of debt where love is not enough?
  • What keeps people in a victim mentality around money?
  • What is ‘lifestyle creep’ and how does it impact how we perceive our annual income?
  • Is attending a 4 year university worth the amount of student loan debt?
  • How has the expectation to attend a 4 year college set a generation up for financial hardship?
  • What’s the #1 wealth killer today?
  • What should you do if you’re underwater on your car payment?
  • Is it better to rent or buy a house in today’s market?
  • How do you know when you’re financially ready to buy a home?
  • Should you buy a home if you have student loan debt?
  • Is there such a thing as good debt vs. bad debt?
  •  What is your biggest fear around money with everything you know with your own personal life moving forward?

In this episode, you will learn:

  • The key habits of millionaires that lead to financial success.
  • Strategies to manage overwhelming financial situations and gain control over money.
  • The psychological aspects of spending and how to avoid unnecessary expenditures.
  • Insights into the impact of lifestyle choices on financial health and wealth accumulation.
  • The true cost of higher education and student loans in today’s economic climate.
  • Plus much more…
Connect with
George Kamel

Transcript of this Episode

Music Credits:

MUSIC CREDIT

Kaibu by Killercats

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