12 Rules For (A Frugal) Life

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  • Опубліковано 25 чер 2024
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    About this episode:
    Move over, Jordan Peterson. I make the rules on this channel. These tips for frugal living can help you save money, live simply, and make smarter financial decisions.
    Next Steps:
    📗 Order George Kamel’s new book, Breaking Free From Broke. bit.ly/48d7So4
    ▶️ 17 Things Frugal People REFUSE to Buy: • 17 Things Frugal Peopl...
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КОМЕНТАРІ • 518

  • @gingerfication3375
    @gingerfication3375 2 місяці тому +651

    I’m on baby step 1. I’m sick of paycheck to paycheck. Next month I’ll be on step 2.

    • @nic-bdsnjsnsjxjjsnsvv
      @nic-bdsnjsnsjxjjsnsvv 2 місяці тому +45

      It’ll change your life. Keep at it! It’s worth it.

    • @Joeschmofosho
      @Joeschmofosho 2 місяці тому +18

      Rooting for you!

    • @d3rsch0rsch
      @d3rsch0rsch 2 місяці тому +12

      Thats awesome. Keep it going! Best decision of your (financial) live!

    • @dr_pinna543
      @dr_pinna543 2 місяці тому +8

      Let's goo!

    • @thedarkenspade
      @thedarkenspade 2 місяці тому +14

      This is the way

  • @MarvinOrieh
    @MarvinOrieh 2 місяці тому +260

    George is quickly becoming one of my favorite money people. I love some good dry humor. Almost done with his book “breaking free from broke”

    • @LordBass
      @LordBass 2 місяці тому +17

      He's got his own style that fits with the Ramsey platform, but also stands alone. Feels like he's best positioned to carry Dave's mission forward another 30 years. 👍

    • @Pizzageek-jc4xp
      @Pizzageek-jc4xp 2 місяці тому +7

      I'm always cheered up when I watch George. He's one of the only influencers we really need.

    • @MarieArter
      @MarieArter Місяць тому +3

      Loved ❤❤ when you recommended selling the horse because the horse “Doesn’t even know your name!”

    • @CarlaQuattlebaum
      @CarlaQuattlebaum Місяць тому +1

      THAT'S the title. I saw it on one of his other videos but forgot the title. I may pick that one up. I'll read it myself, of course, but someone I know needs to read it as well.

    • @jamesp8459
      @jamesp8459 14 днів тому

      Some of his advice is questionable or inaccurate but he is entertaining to watch, mostly just reassures me I'm doing everything right.

  • @jameswood9772
    @jameswood9772 Місяць тому +443

    Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life

    • @alexyoung3126
      @alexyoung3126 Місяць тому +5

      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 .

    • @williamyejun8508
      @williamyejun8508 Місяць тому +1

      If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 60% early this year. It is, in my opinion, the best way to get started in the industry right now.

    • @chris-pj7rk
      @chris-pj7rk Місяць тому +2

      How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

    • @williamyejun8508
      @williamyejun8508 Місяць тому +5

      Rachel Sarah Parrish is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @chris-pj7rk
      @chris-pj7rk Місяць тому +2

      I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

  • @jeremiahm1413
    @jeremiahm1413 2 місяці тому +252

    Since some are frugal with their time, here is the list for those wanting to get to the point:
    #1 Research Like Your Wealth Depends on It
    #2 Buy Quality Now to Avoid Buying More Later
    #3 When Your Back is Against the Wall, Sell the Horse (Drastic Times Call for Drastic Measures)
    #4 Broke People Pay Interest. Wealthy People Earn It
    #5 Always Be Knowing Where Every Dollar is Going (Every Dollar in your Possession has a Job)
    #6 If You Fall for the Trends, You'll Fall for the Traps
    #7 Pay Cash Now or Don't Buy Now
    #8 Never Spend Just to Save
    #9 Save for the Future, But Don't Lose Your Mind
    #10 You Can't Save your Way to Wealth (Invest Consistently)
    #11 More Stuff Won't Make You More Complete (If no one ever sees this, would I still buy it...?)
    #12 Solve for Freedom (Get rid of clutter, honor your mind and body, owe no one anything, practice gratitude, etc.)
    Bonus Rule: Be Generous

    • @delta.001a1
      @delta.001a1 2 місяці тому +20

      Thank you. George is exhausting - It's like 90 seconds of good advice and 13 minutes of insufferable dated pop culture references and non sequiturs.

    • @beth3535
      @beth3535 2 місяці тому +2

      I think George does a nice job of making his points quickly. I’m fine with his style. Thanks for this handy list! I do think he missed the one about avoiding waste.

    • @FirstLast-fc7dt
      @FirstLast-fc7dt 2 місяці тому +2

      @@delta.001a1true😂

    • @user-yb5bg8im5g
      @user-yb5bg8im5g 2 місяці тому

      god loves you...

    • @user-yb5bg8im5g
      @user-yb5bg8im5g 2 місяці тому +1

      @@delta.001a1 agreed. i want information, not infotainment. i wish the entire crew provided a transcript. it's not just them. i hate banter. i just drift off and have to ''rewind''.

  • @RuthEvelyn-rc3bg
    @RuthEvelyn-rc3bg 26 днів тому +495

    It's depressing how hard life has gotten for people in this generation. I wanted to know what to do with some money I had. I utilized a portion of it for my online store, but that failed. My biggest issue is how to prevent my $300K stock portfolio from declining, but I'm not sure which direction to go.

    • @DennisJack-km8ho
      @DennisJack-km8ho 26 днів тому +6

      It's not difficult, but you have to learn and handle. you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.

    • @FrankPatrick-no8zo
      @FrankPatrick-no8zo 26 днів тому +5

      Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.

    • @alicegomez7232
      @alicegomez7232 26 днів тому +3

      This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation

    • @FrankPatrick-no8zo
      @FrankPatrick-no8zo 26 днів тому +3

      Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @KM4me
      @KM4me 21 день тому

      ​@@alicegomez7232if you go to Dave Ramsey's Channel you can find certified investors there and also do your homework before hiring or paying any money to someone to work with your money.

  • @PaulKatrina.
    @PaulKatrina. 2 місяці тому +552

    Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

    • @SandraDave.
      @SandraDave. 2 місяці тому +3

      Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

    • @EddyAgnes-vy4kp
      @EddyAgnes-vy4kp 2 місяці тому +2

      This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

    • @RaymondKeen.
      @RaymondKeen. 2 місяці тому +1

      Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

    • @Hectorkante
      @Hectorkante 2 місяці тому +1

      this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @RaymondKeen.
      @RaymondKeen. 2 місяці тому +1

      There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

  • @jarrodfrankum
    @jarrodfrankum Місяць тому +33

    Here you go.
    1. Research like your wealth depends on it.
    2. Buy Quality now to avoid buying more later.
    3. When your back is against the stall, sell the horse.
    4. Broke people pay interest, wealthy people earn it.
    5. Always know where every dollar is going.
    6. If you fall for the trends, you'll fall for the traps
    7. Pay cash now, or don't buy it now.
    8. Never spend just to save
    9. Save for the future, but don't lose your mind
    10. You can't save your way to wealth
    11. More stuff won't make you more complete
    12. Solve for Freedom

    • @mascara1777
      @mascara1777 Місяць тому +4

      Thanks, video was a waste of time I've heard all this before

  • @Riggsnic_co
    @Riggsnic_co Місяць тому +527

    Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?

    • @Ashley186fre2
      @Ashley186fre2 Місяць тому +3

      I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.

    • @martingiavarini
      @martingiavarini Місяць тому +3

      that's quite impressive, you surely made a good bit of money. I myself invested in warren's BRK-A stock quite pricey but totally worth it.

    • @Syndiewndell
      @Syndiewndell Місяць тому +3

      I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with ?

    • @martingiavarini
      @martingiavarini Місяць тому +1

      'Carol Vivian Constable’is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.

    • @martingiavarini
      @martingiavarini Місяць тому +3

      Credits to 'Carol Vivian Constable' she has a web presence, so you can simply

  • @xWiiLLz
    @xWiiLLz 2 місяці тому +63

    I love the "Buy nice or buy twice" moto

    • @alexsale1569
      @alexsale1569 2 місяці тому +7

      Buy once cry once 😊

    • @sohoyankee66
      @sohoyankee66 2 місяці тому +2

      My friend always said, buy cheap buy twice. Same thing I guess.

    • @cristinab2263
      @cristinab2263 7 днів тому

      Lo barato sale caro

    • @janeandrews1790
      @janeandrews1790 4 дні тому

      If you have the money to buy nice.

  • @AstonM6
    @AstonM6 2 місяці тому +70

    I'll drive a 20 year old vehicle, but I'm not giving up my horse.

    • @brotherakuma
      @brotherakuma 2 місяці тому +5

      As a pet owner as it comes a day where the quality of my pet's life is going down because I can't afford them then I Get them to someone who can

    • @beth3535
      @beth3535 2 місяці тому +1

      Mine is 8.5 yrs old. A Honda. 40K miles. It’s been a solid performer.

    • @haleya9526
      @haleya9526 Місяць тому +1

      "You can take the kids... but you leave me my monkey..."

  • @ramsaybolton7464
    @ramsaybolton7464 2 місяці тому +91

    On baby step 2. I have 1300 saved. I paid off 4 out of 5 credit cards like a maniac. I turned so frugal everyone makes fun of me. Next I’m going to pay my upside down car loan off that I totaled last year.

    • @shrikartummala8055
      @shrikartummala8055 2 місяці тому +7

      Keep it up bro!!

    • @sdgirlCook
      @sdgirlCook Місяць тому +4

      Awesome!!!

    • @sane_d98
      @sane_d98 Місяць тому +3

      So proud of you! Keep going😊

    • @biometal770
      @biometal770 Місяць тому

      You go girl!!!! If you are a girl 😂

    • @bill4632
      @bill4632 Місяць тому +1

      Good job John Snow.

  • @ZigZagPower
    @ZigZagPower 2 місяці тому +57

    I’m on baby step 4. Currently looking to buy my first house :)

    • @dr_pinna543
      @dr_pinna543 2 місяці тому +4

      Location location location

    • @StephZee.
      @StephZee. 2 місяці тому

      Woo, you got this !!

    • @PoyTroy
      @PoyTroy 2 місяці тому +1

      Congrats my boy

    • @Piccolo_Re
      @Piccolo_Re 2 місяці тому +1

      Buying when interest is insanely high.

    • @joeltroughton3021
      @joeltroughton3021 2 місяці тому +1

      7.25% interest?

  • @lindawilson4625
    @lindawilson4625 2 місяці тому +20

    #5 Calling it a spending plan instead of a budget is so helpful for so many. Budget feels like a straight jacket and constantly saying NO to yourself where spending plan feels much more happy and free.

  • @Thehappybirder
    @Thehappybirder Місяць тому +10

    I refinanced my house at 3.5%. I don’t plan on paying it off early because I make 3x that in my retirement account, so paying it off early would seriously damage my retirement account.

    • @AmyS-wl8ht
      @AmyS-wl8ht 6 днів тому

      If you pay off your mortgage you can put 100% of your mortgage money in your retirement account

  • @maryjanegreen7601
    @maryjanegreen7601 Місяць тому +6

    I use credit cards to buy what I can afford, accrue points, and pay it off before being charged interest. I then use the points for gift cards. Free money.

  • @corinnecox6855
    @corinnecox6855 2 місяці тому +13

    On the buying quality point-with our tight budget I’ve learned that for certain items it’s better to look for a higher quality item second hand rather than a new item of lesser quality. I stay within our budget, but still have the advantage of the better quality item. Also, there are so many times where we can live without or borrow an item from friends/family rather than buy more stuff.

  • @carterthiessen2664
    @carterthiessen2664 Місяць тому +3

    Buying expensive, good quality shoes will be cheaper and better for you. Same goes for tires for your car, and your bed. Dont cheap out on what separates you from the ground is what my dad always told me!

  • @TitaAnderson
    @TitaAnderson 2 місяці тому +149

    Great video, I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance.
    Thank you!

    • @marlisamirabal
      @marlisamirabal 2 місяці тому

      Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people

    • @Cammimullens
      @Cammimullens 2 місяці тому

      Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.

    • @Cammimullens
      @Cammimullens 2 місяці тому

      It is essential for you to have a mentor to keep you accountable
      1. Limit your spending/cut off retail therapy
      2.Put the extra cash towards investing in high yielding or steady investment.

    • @Cammimullens
      @Cammimullens 2 місяці тому

      ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

    • @mike-yo8qj
      @mike-yo8qj Місяць тому +3

      Why in seemingly every Dave Ramsey video, there are canned questions and canned responses schilling some trader or financial planner that will get people rich, quickly?

  • @michael.a.covington
    @michael.a.covington 2 місяці тому +12

    Your first point REALLY applies to people taking up complex hobbies (such as amateur astronomy, which I write books about). ALWAYS get the knowledge before you buy equipment. If you don't enjoy getting the knowledge, you don't enjoy the hobby.

  • @TommyGunzzz
    @TommyGunzzz 2 місяці тому +7

    as a Horse retailer, I'm going to call in the show and give you an ear full.

  • @TheApatheticGuy
    @TheApatheticGuy 2 місяці тому +9

    "Only do a 15 year mortgage...and pay it off early if you can"
    Thanks, George. Only good joke in the video but it was a slapper.

  • @sohoyankee66
    @sohoyankee66 2 місяці тому +18

    These guys made me realize how ridiculous it was to pay on a credit card plus interest for something I bought months ago. Especially if it was dining out!

    • @JP-oe4ry
      @JP-oe4ry Місяць тому +4

      You didn't realise this yourself..without help?

    • @user-tl7mj2bm4m
      @user-tl7mj2bm4m Місяць тому +2

      Paying interest on food you've already eaten....and shit out.....is about the biggest waste of money you can do.

  • @nilsschear1095
    @nilsschear1095 24 дні тому +2

    One of the best frugal things I’ve ever done was quit drinking. I save a ton of money on alcohol, like $30 a week minimum plus I found that when I’d drink I’d spend even more on junk food. Plus I lost 25 pounds.

  • @armandolopez6530
    @armandolopez6530 2 місяці тому +6

    Hey George just wanted to thank for all the guidance and inspiration, I've paid 22k in student loan and CC debt with only 1k left to pay ready to cancel my CC and start baby step 3. Thank you so much!!

    • @RG-hf4et
      @RG-hf4et Місяць тому +1

      Be careful about canceling a credit card. Just don't use . Don't cancel it.

  • @ryandefranco7740
    @ryandefranco7740 2 місяці тому +9

    I have Cole Haan shoes purchased in 2014 that I still wear. And I also have that exact H&M disposable, single-use cardigan, complete with a hole in the sleeve.

  • @johnplg2586
    @johnplg2586 2 місяці тому +7

    As a 23 year old only making $36k/year, almost done with baby step 3, this gives me hope for my future. Just gotta find a way to increase my income. Thank you George for the advice! (Especially avoiding debt) You have no idea how many lives you’re saving from financial nightmares

  • @jeremygermenis8036
    @jeremygermenis8036 2 місяці тому +12

    I dont know what it is but I have more enjoyed George's method of presenting content as of lately. Not the video editing but George himself. Keep it up!

  • @d20a55
    @d20a55 2 місяці тому +4

    “You ain’t frugal if you ain’t using Google.” 🤣😂 love it!

  • @christophersweetz7495
    @christophersweetz7495 29 днів тому +2

    Dont use the sinking fund for tires. If you need em you are risking a lot more by waiting. Get used tires to hold you over. Having a blowout on the interstate or hydroplaning into a telephone pole costs a lot more than a set of tires.

  • @eliantomasup8286
    @eliantomasup8286 2 місяці тому +44

    If you’re not in the financial market space right now, you are making a huge mistake, I understand that it could be due to ignorance

    • @eliantomasup8286
      @eliantomasup8286 2 місяці тому

      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 (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $170,500 every months, God bless Tracy Britt Cool..

    • @saturninagoetter9535
      @saturninagoetter9535 2 місяці тому

      Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.

    • @natelie2617
      @natelie2617 2 місяці тому

      She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker in the United States.🇺🇸

    • @user-up3bo1jq7s
      @user-up3bo1jq7s 2 місяці тому

      After I raised up to 75k tra d ing with her I bought a new House and a car here in the states also paid for my son's surgery. Glory to God.shalom.

    • @Mariacarlos11
      @Mariacarlos11 2 місяці тому

      Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.
      😢

  • @sallyprzybil2404
    @sallyprzybil2404 2 місяці тому +24

    You know what they say, George, French Bulldogs are the just the new mini horses. Sell the………..what?

  • @user-ph6yh4hs9z
    @user-ph6yh4hs9z 2 місяці тому +4

    Thanks George! Your vids are so fun and funny to watch, but always have that great takeaway!

  • @katieee962
    @katieee962 14 днів тому +1

    I’m in no spend challenge this month. Just groceries and living necessities.

  • @christianrodriguez5346
    @christianrodriguez5346 2 місяці тому +6

    I lives frugal lifestyle my entire life. My parents were frugal. It is an easy lifestyle if you are a humble person and know how to prioritize things you will be just fine. It is not easy though for people who don’t know how to manage money though. So it really depends on the person.
    My family is letting me stay at home after graduation to save and invest most of my income I have no loans either. I am paying $500 a month but I also will help them when they need me they are retirees. This doesn’t mean I won’t treat myself or my family. I will do so with moderation. The good thing about living frugally is that you learn how to live on way less than you make and still live in a great way.

    • @user-tl7mj2bm4m
      @user-tl7mj2bm4m Місяць тому +1

      It helps to have parents who were WISE enough to teach you how to be frugal. Mine are....and I am thankful everyday for those basics I was taught. I am EVEN more thankful God blessed me with a wife WHO THINKS THE SAME AND WAS RAISED...the SAME WAY.

    • @christianrodriguez5346
      @christianrodriguez5346 Місяць тому

      @@user-tl7mj2bm4m Now that my friend is a blessing. A woman raised with these principles is really rare. I am extremely happy for the two of you! Wish you the best!

  • @iamstarfox87
    @iamstarfox87 2 місяці тому +10

    Always enjoy your vids! I'm working down my debt snowball and packing a lunch daily to work saves $40-50 a WEEK!! That's $160-200 a month I get back in my pocket...to pay my debt collector 😂

    • @Kevin-sr8yx
      @Kevin-sr8yx Місяць тому +2

      Keep going! Eventually you’ll be paying your future self instead of your past self.

    • @user-tl7mj2bm4m
      @user-tl7mj2bm4m Місяць тому

      I haven't ate out in close to 35 years (approximately around 1986) for lunch. Who the hell want's to have a nice meal and then go back to hell....excuse me, work? Waste of MONEY. If you do do it, don't drink on lunch...you'll only get into trouble.

  • @darkside2493
    @darkside2493 Місяць тому +2

    Please get these sites you are sharing to be part of canada too , americans and canadians should be together on this!

  • @sharongenco3716
    @sharongenco3716 2 місяці тому +2

    Love your bonus tip. ❤️

  • @tiffanysteen1845
    @tiffanysteen1845 2 місяці тому +2

    My clothes come from thrift stores not box stores. We used targeted savings buy all our cars now focused on eliminating student loans by getting more frugal and going back through financial literacy I coach others on to quickly pay thus off! I need remember to tell people how to increase wealth and they are their best investment! Never be frugal on personal professional and financial education!

  • @danieldavenport7162
    @danieldavenport7162 Місяць тому +2

    I love the library background. Really enjoy your videos, George!

  • @durial702
    @durial702 Місяць тому +1

    I like to call rule #2 (Buy quality now to avoid paying more later) as "Buy once, Cry once."

  • @JMBKrihm
    @JMBKrihm 2 місяці тому +3

    @GeorgeKamel I love your channel. I do love the desk setting better, but that is just me being picky. Love what you're doing. Keep it up.

  • @cecestover3332
    @cecestover3332 Місяць тому +2

    2:14 I had to teach a 7th grade math class and I taught them the principle of when to choose quality. I said if you’re buying party supplies that you’re gonna use once, get it at dollar tree. If you’re buying a rug, furniture, something that you want to last a long time, pay more for quality

  • @jackg9526
    @jackg9526 2 місяці тому +49

    Like the chair and library setup… versus the interview-style desk setup.

    • @JasonFerreira
      @JasonFerreira 2 місяці тому +1

      Same here!

    • @thedarkenspade
      @thedarkenspade 2 місяці тому +4

      To each his own, I liked the other, it felt more real and casual, this feels more, "talking down" and pretentious

    • @CarlaQuattlebaum
      @CarlaQuattlebaum Місяць тому

      That's an unusual bookcase behind him.

  • @tgayer1
    @tgayer1 2 місяці тому +27

    Went to the grocery store today and needed to buy some almonds to take on a trip. Would’ve saved 30% on a second container, but I didn’t need a second container. So I didn’t buy it! Money saved! 💪😂

  • @jakublanca5535
    @jakublanca5535 2 місяці тому +5

    Good on you for sticking to "sell the horse". You can't be holding onto your expensive hobbies into a foreclosure.

    • @Zimbleton
      @Zimbleton Місяць тому

      My wife kept her horse after we got married, and then stopped working. She said having horses was non-negotiable. I always resented that she expected me to pay for her horse hobby for over 13 years, despite us having large credit card debts. I kept a mental tally of the cost and worked out we could have saved $100,000 and bought a house. I once sold my car to pay off a credit card and she used most of the money to buy a new saddle. Horses are a machine that convert money and grass into poop.

  • @landlockedentertainment
    @landlockedentertainment Місяць тому

    really awesome info thanks man !

  • @user-xt6tw4fr4w
    @user-xt6tw4fr4w 7 днів тому +2

    "Sell the horse". 😂😂😂😂 Agreed. Any pets if they're hindering a good life.

  • @jeannettejinny
    @jeannettejinny 2 місяці тому

    Thanks for the awesome videos George 🥳🎊

  • @xlerb2286
    @xlerb2286 2 місяці тому +9

    "Buy the fancy boots", I wonder if he's referring to the "Sam Vimes Boots" theory. In any case I agree with the buy it for life theory. I spend so little on tools, clothing, electronics, etc because when I do buy I get well built items. And they aren't necessarily the most expensive items.
    For me the "spend more when using credit cards" bit doesn't work. If I have cash it's money I've taken out of savings and I just feel like it's ok to spend it because I know I have it - it's right here in my hand. If I'm pulling out the plastic though I know that's money that's going to have to come out of the bank account or I'll (shudder) have to pay interest. I'm way more frugal with a card than I am with cash. I can go months without putting anything but absolute necessities on the card but if I've got a few hundred in cash every shiny thing I see is a temptation.

  • @tshadow6
    @tshadow6 24 дні тому +1

    RE; fancy, trending cups. I emptied my kitchen cabinet to find the matching lid to my RTIC (cheap alternative to YETI) 32 ounce steel mug. I refused to pay $10 for a new lid. I knew I had the lid, I just had to find it.

  • @IronDiggy
    @IronDiggy 2 місяці тому +4

    Re #2: If I need a tool or something I am not sure will be used daily I will buy cheap and if it breaks that generally means I use it a lot and I'll buy quality after. It has saved me a good chunk on tools that I only ended up needing occasionally.

  • @gailjohnson6670
    @gailjohnson6670 2 місяці тому

    Thank you. Blessings to you.

  • @sals3379
    @sals3379 5 днів тому +2

    Thanks for the tips, young Jeff Goldblum

  • @treesarecool
    @treesarecool 2 місяці тому +6

    George- seeing your baby on the Ramsey Show today made my day. So happy for you and your beautiful family!

    • @GeorgeKamel
      @GeorgeKamel  2 місяці тому +1

      Thank you! It was a sweet moment

  • @artbenner2629
    @artbenner2629 2 місяці тому

    Excellent job George! You get an A+

  • @reneenyberg4832
    @reneenyberg4832 2 дні тому

    The sell your horse advice hit me hard. I was a full time wedding photographer for 15 + years. I retired over year ago. I just recently sold all of my equipment. I hadn’t pulled it out of the bag for 12 months. Selling it will help me pay bills for months, but it was painful to part with. I needed to hear that it was ok to sell it. I regretted my decision. But it was the best decision.
    Great video.

  • @TMPS93
    @TMPS93 2 місяці тому +1

    I've been writing in asking them to talk about Boots Theory forever and this video makes me finally feel heard.

  • @weicc84
    @weicc84 2 місяці тому +3

    Rule number 1 hit the spot. Thay background look luxurious. They probably bought it after research the best installer.

  • @Rockerlady
    @Rockerlady 2 місяці тому +6

    George, can you make a video on how to start investing/stock market? For those of us who would like to start😊. There are a lot of UA-cam channels talking about investing, but never mention the actual steps to start.

  • @camillecrichlow8138
    @camillecrichlow8138 2 дні тому

    These are things I’ve learned as I go from different sources and experiences but this is everything in one video 👌🏾

  • @zuzu2416
    @zuzu2416 Місяць тому

    Love you George! “…buy quality now… buy it for life…” should be applied to buying “durable, quality…” furniture from second hand sources. Solid maple, cherry, oak - even pine furniture can be found for pennies. It is durable, high end and bonus - saves so much money. We raised our family of 6 making a cozy comfy home using all second hand sold rock maple furniture. Style is very un-IKEA - and the warmth of natural wood makes home feel like … well Home! Our dining room set complete with 8 chairs, 4 table leaves, a buffet and a sideboard cost $275. at Salvation Army has welcomed our kids and grandkids every Thanksgiving for the past 40 years. We supported the SA programs, gave longer life to beautiful furniture to save it from dumpsters, while enjoying a budget saving bargain that has served happy memories and delicious food since 1989. Highly recommend furniture thrifting to save thousands!

  • @briankowald6465
    @briankowald6465 2 місяці тому

    Like your videos with humor.

  • @dl6262
    @dl6262 2 місяці тому +5

    Nice work, Kamel toe

  • @EcomCarl
    @EcomCarl 2 місяці тому +3

    Excellent breakdown of frugal living principles! Emphasizing quality over quantity and being mindful of everyday expenses are timeless tips that pave the way for financial stability and peace of mind. 👍

  • @DanielPerez-xo1tj
    @DanielPerez-xo1tj 2 місяці тому +4

    That key lime pie yogurt line hit too close to home. I was so proud of myself I went with the $0.27 yogurts at the grocery store to save money and they were so gross haha

  • @AviSpira
    @AviSpira 2 місяці тому

    Great advice as always

  • @kylegier
    @kylegier Місяць тому

    Thank you! Switching to Tello from T-mobile. Was paying $42/month

  • @jenniferjenkins3412
    @jenniferjenkins3412 2 місяці тому +3

    George, you need to find another town to pick on besides Branson! It’s a beautiful place to live with a low cost of living, and the tourism here helps support my family. Yeah, it’s not for everyone, but neither is Las Vegas. Come visit, George, instead of Branson bashing! Thanks 😊.

  • @zzz6valvoline
    @zzz6valvoline 2 місяці тому +4

    I don't know why anyone would buy anything other than a Toyota or Honda.

  • @EthanPerkins-qq9qh
    @EthanPerkins-qq9qh Місяць тому +1

    I have been using a credit card for most of my purchases for most of my life, never paid interest. I have gotten rewards instead. To a person with self control a credit card can be part of a frugal life.

  • @roxanneldeleon3801
    @roxanneldeleon3801 2 місяці тому +2

    I'm on step 3 😊

  • @user-pp3dl8id7r
    @user-pp3dl8id7r Місяць тому

    Excellent content

  • @RP-pj8bn
    @RP-pj8bn 10 днів тому +1

    10000000%
    I was living paycheck to paycheck and roughly $50,000 in credit card debt. Finally I had enough. I sold my “fancy” Dodge Challenger and paid off all my credit cards after a few months. Now my wife and I live at 28 and 32 with a net worth of just over $500,000. We have a paid off car and focusing on eliminating the mortgage

    • @RP-pj8bn
      @RP-pj8bn 10 днів тому

      Only thing I want to note regarding interest - you are taxed at a higher rate for every penny you earn on interest. So keep that in mind.

  • @sdgirlCook
    @sdgirlCook Місяць тому

    A new day target cardigans last me forever. I even bought used from poshmark. Love it😊🎉

  • @marke9817
    @marke9817 2 місяці тому +2

    “You can’t save your way to wealth.” True, but you can certainly spend your way to poverty.

  • @MusicalHifi54
    @MusicalHifi54 19 днів тому

    Excellent video! Thank god I learned these as a young adult but I wish I saw this type of video as a freshman in high school! Great financial and life tips.

  • @TopNotch50
    @TopNotch50 2 місяці тому +3

    Have you priced a mattress lately? Ridiculous. Took me 4 weeks to decide on a new mattress. This really hit home.

  • @Thehappybirder
    @Thehappybirder Місяць тому +1

    I refinanced my house at 3.5%. I don’t plan on paying it off early because I make 3x that in my retirement account, so paying it off early would seriously damage my retirement account. Ok

  • @colinbeckstrand2612
    @colinbeckstrand2612 2 місяці тому

    Love the Tim Hawkins starbucks bit. Tim Hawkins was my childhood. So many good memories.

  • @vintagecrazyjay4970
    @vintagecrazyjay4970 2 місяці тому +19

    The next title of George's book should definitely be, "Frugalicious!"

  • @MAXLevel-russianbarrier
    @MAXLevel-russianbarrier 2 місяці тому +2

    new setup goes hard

  • @HangingwJK
    @HangingwJK 2 місяці тому +5

    Oh my goodness. This was hilarious and informative. George is the Mr Beast of frugality. 🔥🤣

  • @humbertofigueira
    @humbertofigueira Місяць тому

    the last one is the best one !!!

  • @d3rsch0rsch
    @d3rsch0rsch 2 місяці тому +17

    I pay 0.97%, 20yrs fixed for my mortgage (in germany). So absolutely 0,00% sense in paying it early in my case.

    • @gingerfication3375
      @gingerfication3375 2 місяці тому +4

      I’m moving to Germany.

    • @d3rsch0rsch
      @d3rsch0rsch 2 місяці тому

      @@gingerfication3375 Loan ist from 2021, No Chance to get this interest rates at the moment. I choose 20yrs fixed rate back then, even it was more expensive back then, than choosing a 10yr fixed rate. Best financial decision in my life.

    • @d3rsch0rsch
      @d3rsch0rsch 2 місяці тому +3

      It's from 2021. No chance to get such rates today.

    • @jrbluedup
      @jrbluedup 2 місяці тому +2

      …you can pay it early to own your house and pay off the debt..

    • @d3rsch0rsch
      @d3rsch0rsch 2 місяці тому +2

      @@jrbluedup Thats right from a "psychologig" Point of View. But mathematically it makes no Sense, when i get 4% in a high yield savings Account instead, or even more in my ETF Portfolio.

  • @MilaN-lt2mq
    @MilaN-lt2mq 2 місяці тому +1

    I agree that buying quality products is a good saving strategy because you don't need to replace quality things for years to come. I have a yearly budget for clothes and shoes. If I don't spend it, it rolls over into the next year. That's how I was able to afford a Canada Goose coat, which keeps me super warm and comes with a lifetime warranty.

  • @user-wp5qo6qg7q
    @user-wp5qo6qg7q Місяць тому +3

    Gotta lay off the white claw and get a dollar coffee

  • @MstClickz
    @MstClickz 2 місяці тому

    Sensational

  • @LordBass
    @LordBass 2 місяці тому +2

    Awe man, but that Bronco Raptor is freaking sweet! 😊

  • @mrs.t333
    @mrs.t333 Місяць тому

    Great job making frugality funny and fun!

  • @katiecrisp7131
    @katiecrisp7131 2 місяці тому +4

    New favorite saying - "Whatever flips your flops" 😂

  • @itatreeneetee
    @itatreeneetee 2 місяці тому +4

    Hi George, I am kind of new to Western finances. Please can you make videos on these 'buzzwords' eg 401k, IRA etc.. bless you

  • @dcbfan1231
    @dcbfan1231 2 місяці тому

    My sister and nephew were at that giant pistachio in Alamogordo, NM just a few weeks ago. They brought me some pistachio goodies and was so delicious. I highly recommend!

    • @CarlaQuattlebaum
      @CarlaQuattlebaum Місяць тому

      I guess I was decades too late to see the giant pistachio. I was stationed there in the late 70's - early 80's. And George -- just run it all together: Alamogordo.

  • @AskformeJohnT
    @AskformeJohnT Місяць тому

    For step 2 I will buy the cheapest version if Im unsure if I want it or not. If i like it and it breaks then I'll get the good one

  • @brianjessome2502
    @brianjessome2502 2 місяці тому +1

    you had me at "Frugalicious" great content.

  • @elivasquez5976
    @elivasquez5976 2 місяці тому +6

    I was considering purchasing a Ford Bronco Badlands, but after seeing the thumbnail, I believe it may be a sign.

    • @egr3071
      @egr3071 2 місяці тому

      I want a ford bronco too!

    • @squirtohh
      @squirtohh 2 місяці тому +1

      I almost bought a Bronco Sport Badlands last year but backed out. Looking to buy my first home later this year now :)

    • @elivasquez5976
      @elivasquez5976 2 місяці тому +2

      @squirtohh you got this. Our generation has such a pessimistic view on the housing market, but anything is attainable if you really want it. I just bought our 2nd home last year, at 25 and regardless of how I felt back then (Anxious) , I know today it was the right decision.

  • @migu-loza
    @migu-loza 2 місяці тому

    Now this is a video!

  • @TScottW99
    @TScottW99 2 місяці тому +2

    Baby step #6 and I'm seeing the light at the end of the tunnel. For those wondering, no, it's not a train 😁

  • @weicc84
    @weicc84 2 місяці тому +3

    That chair is discounted or in the buy it for life list

  • @nestorpiedraquesada2954
    @nestorpiedraquesada2954 2 місяці тому

    Like the setup, I'm missing a coffee table with some coffee for my man George

  • @SD4Grace
    @SD4Grace 2 місяці тому

    George you are so cool!