288: Dave Ramsey Personality George Kamel on Breaking Free from Broke

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 18 January 2024

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

George Kamel is the 3rd Dave Ramsey Personality (links to previous below) to join Invest Like a Boss and he has a new book out titled Breaking Free from Broke: The Ultimate Guide to More Money and Less Stress. This interview was recorded in November 2023 and was held until the book came out (this week!). George goes over basic debt avoidance principals and all the money traps designed to keep people broke and how to avoid them. Soon after the interview, there was controversy about a video George made about the 4% rule that went against a Ramsey principal... Johnny and Derek address that in the outro.

About George Kamel: George Kamel is a Ramsey Personality and personal finance expert. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. Since 2013, he has served on the Ramsey team, speaking across the country, co-hosting top-ranked Ramsey Network podcasts, like Smart Money Happy Hour and The Ramsey Show. On his YouTube channel, George educates and entertains, exposing the financial system designed to keep you broke. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom. Discussed:

Where we are:

Johnny FD – Kyiv, Ukraine/Jomtein, Thailand / IG @johnnyfdj
Sam Marks - Bangkok, Thailand / IG @sammarks12
Derek – Los Angeles, US / IG @DerekRadio

Sponsor:

ILAB Patreon
Join the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss

Time Stamp:

00:20 - Derek/Johnny Intro
05:40 - George Kamel Interview Begins
20:50 - Why Credit Cards are Bad
42:45 - Outro/Viral Moment of Dave Ramsey Getting Mad at George Kamel

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Transcript

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0:00.0	Welcome to the Invest Like a Boss podcast. I'm Sam Marks. I'm Derek Sparts. And I'm Johnny FD. We're self-made
0:06.3	entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each
0:10.7	week for exclusive interviews with our network of modern investors, business owners, and multimillionaires
0:15.1	to discover new ways to invest our hard-earned cash. Hey, what is up, bosses?
0:21.3	Episode 288, Johnny, I got you over in Thailand.
0:25.3	We're closing in on almost 300 episodes.
0:27.2	How crazy is that?
0:28.0	Happy New Year, by the way, is the first time we talked this year.
0:30.5	Yeah, happy New Year.
0:32.4	It's been a few weeks now, so the holidays are long gone for me.
0:36.9	I'm in summer here in Thailand. So it doesn't feel like
0:40.0	winter at all. It feels like summer started already. Yeah, I don't think we've recorded one since
0:44.5	you've been in Thailand or maybe the quarterly updates. But how are you feeling about being away
0:49.4	from Ukraine? I feel very like personally, I feel very relaxed. Like my mental health is much better.
0:54.9	My physical health improved a lot.
0:56.5	You know, got myself a tan, a good exercise routine.
1:00.5	But you know, obviously every time I check the news and see what's happening, you know, I hear from friends what's happening.
1:04.7	It's, it breaks my heart.
1:06.5	But I don't know, you know, what I personally can contribute anymore.
1:10.7	So it's time for me to take a little break. Someone out tagging something. I don't know what I personally can contribute anymore.
1:13.6	So it's time for me to take a little break.
1:18.1	Someone out tagging someone else in to go and volunteer and, you know, make content out there.
	...

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