George i agree with MOST of your takeaways and advice except for the multiple accounts for married folks. My husband and i have used this strategy. One shared account for bills, another foir saving goals and emergency fund, and we each have our own checking. My husband is not a personal finance nerd like. Its just makes our marriage better and peaceful, we dont argue about money this way
I’m with you here. We also have the joint accounts for our income and family spending. The separate accounts are our “allowance” accounts for pocket money and the odd birthday check from our moms.
The only reason people need fully combined finances is if there is a significant difference in incomes (like one partner works and one is home), or if you don’t trust your spouse to manage money the same way you do. My husband and I make similar income. We have a joint account and both have separate accounts too. We dont fight about money. We’re every day millionaires and just working on paying down the mortgage.
Separate accounts are wonderful that way if one person has a spending problem it is seen.. when the spending problem effects the spenders account it can be dealt with without risking other savings and living money.
Joint accounts scare the crap out of me. My parents went joint and when they divorced (infidelity. Joint doesn’t prevent infidelity), it didn’t go final until 6 years later. They were fighting tooth and nail over the joint assets and joint accounts. Terrifying to think of following that by mingling my finances that much.
Sorry to hear about their situation. Truthfully, separate accounts doesn’t prevent the asset mess. The court will see those accounts as community property in a divorce.
Don't get married! You can be committed to someone without getting the government involved. The new marriage success rate is abysmal. I'm not going to bet a significant portion of my finances on the flip of a coin.
@@GeorgeKamel Exactly. When you are married, all accounts ARE joint accounts... (In some states, you don't even have to be married if you have been together long enough) And I never understood the "she doesn't have to ask you to spend money and you don't have to ask her" argument... My wife doesn't ask me if she wants to buy something using our joint account. I don't ask her. That said, all of this is "our money" so we obviously will talk about the big items... Together...
Yeah, don’t get married and reap none of the rewards that are possible from a long-term, loving relationship and family. Die miserable and alone, without posterity. Great advice. Sorry, as someone who got it wrong the first time (my husband cheated on me), I am now married to the love of my life, for the rest of my life. A great marriage is worth the risk.
@@desiv1170 This 100%. A relationship with separate accounts and zero transparency is not a relationship I want to be in, and where I live, after 2 years you're considered to be in a de facto relationship anyway. And yep, our marrige is built on trust, we just discuss the bigger ticket items together. It's really not that hard if you are able to communicate with each other.
Man. You are crushing!!! I’ve tracked your videos from Ramsey to cooperation with Graham Stephan.. and now you have your own channel. You will grow insanely fast! And I’m really proud that you have such awesome production behind with such fast delivery!! Videos motivated to become financially independent and spiritually closer to the scripture! P.S. Having 13 credit cards and 800+ FICO I’m considering to try living life without them.. even though I was playing the game pretty well - financial independence that what lights me on!
My wife and I actually do the 4 bank account method. The separate accounts are very small and part of our monthly budget. Like about 100 bucks a month going in small. This is how I buy surprise anniversary gifts with out her knowing. Hence the word surprise. Also serves as a back up debit card in case our main joint account card gets compromised, which we are currently dealing with.
Good surprises can be fun but separate accounts are how some people find out about hidden extramarital affairs and addictions for which the 'private $$$' is being used. When there's no communication and transparency the trust factor can become an issue.
@@carlaritchie331 How the heck would i have an affair for 100 bucks a month or less, that would risk jeopardizing my marriage? That must be one ugly skank home wrecker.
@@carlaritchie331SMALL ACCOUNTS GENIUS!! Furthermore, why are you goofies worried about “affairs”?!? You CANNOT control if you spouse cheats!! It’s on them! I could care less how much money you have!! A cheater is a cheater! 4 accounts works for some of us that aren’t insecure and trust our spouses..
George you are informative and fun 😂 This was a great video, I watched this episode with Steve and lots of red flags. He’s a funny guy and I listen but stay skeptical. More videos !!!!!! Plz❤
We share the bank accounts. In our monthly budget, we each have a spending budget that we can do what we want with (go eat out with friends, buy a new purse, whatever). We both know the Master password, and if we need to spend more than $100 we talk to each other first. No secrets, no guesswork. I have more freedom now then ever in my life ❤
My plan, we have the same 4 accounts Steve mentioned. Our paychecks are deposited into the central account. From there we each deposit our spending allowance and investment funds into the applicable accounts. We both have full access and control to ALL accounts and once a month we meet to balance and review the central account. For me, it just makes life a little bit easier. It's already a pain to track groceries, light bills, phone bills etc. I don't want to be bothered with tracking how much my wife spent on a pair of pants. Besides, as long as communication is happening what's the difference whether it's a separate account or a line item in the budget?
It's not the four accounts that is concerning. Sure put the set aside budgeted spending money into a separate spending account if that's your thing. It's where Steve at 1:35 ish literally says do whatever you want and don't even check what your spouse is doing with the money. As George said, it's the lack of visibility of where the money is going. Communicating with your spouse on these things (such as money) is a must.
@@punkbassandcovers So would you give your spouse $100 gift and then insist that they report exactly how to you exactly how spend that money or would you saying I am giving this money, spend it how you like? This is basically the same thing. It is not like they did not have a joint account and decided together how to spend that money BEFORE allocating money to the separate account. I do believe that couples should be able to access all accounts, but this is micro-managing and controlling. As far as financial infidelity or cheating, that is a character flaw. A person who cheats will find a way even without separate account. At one time I had my check go split so it went into two separate banks. I was not married, but if a person wanted to cheat this is a way to have a certain amount go into the main account in the first place. I am sure there are other ways to cheat if a person has that character.
Hey Steve Harvey you’re wrong on debt. “Debt is dumb, cash is king, and the paid off home mortgage takes the place of the BMW as the status symbol of choice!”- Dave Ramsey. SO GLAD I LISTENED TO DAVE RAMSEY! Now I have my greatest wealth building tool, which is my income, working for me!! It is incredible how well I sleep at night with financial freedom!!❤
The 1st point: my husband and I have had basically that bank account set up for years, but all under the same login, so we have always been able to see the other person's "separate" checking account/transactions. In later years, I added a couple more accounts for 'giving' and 'travel,' but another option is there are bank accounts that let you divvy things into 'buckets' under the same account.
We have one account and share everything. We have the money market account for our Emergency fund. Strength in being together. We budget a line item for each of us for extra spending
We use Ally, which you’ve said you’re a fan of. We actually have five accounts, one is the main account for daily spending, one is our monthly bills that are all set to autopay, one is the emergency fund savings account and two of them are his/her “fun monies” accounts. We budget weekly and only our own fun money (which are line items in EveryDollar) go to those separate accounts. In Ally we can both See the Main, Bills, and Emergency. The two fun accounts are linked but can’t be seen by each other. With EveryDollar you can see all of these separate accounts for budget meeting discussions. Why polarize what he’s saying. There’s plenty of tools out there that achieve the same goal.
Awesome advice 👏 👍I Managed to pay off my $300,000 mortgage. And fully paid off my vehicles before turning 40... now at 41 I wish finding a spouse was easier 😅
We follow both. Both names are on all 4 accounts and we budget every penny. It's just what's in my account is there so it's easier to set aside what we budgeted for her to spend and budget for me to spend. Bank accounts are free and banks don't care how many you have open as long as you maintain the minimums.
Please George, don't leave me hanging‼️ I remember when you all played that Family Feud clip on the Ramsey Show. Dave said y'all were going to try and find that guy and get him hooked up into FPU. Were you successful in finding him? I felt so bad for that guy.
🤔 Over twenty years ago my cousin made over 100,000 with a lawn mowing business he worked part time on Friday and Saturday after working 40 hours as an engineer.
So happy you spoke to this! Steve Harvey has been giving bad and unreasonable advice about money and marriage for years… and mainly because he’s famous and funny people buy it. Except people forget that he cheated on his wife, is divorced and makes millions and his advice is based off of that. Not quite the path I want to follow. I’ll become a millionaire the Dave Ramsey way, though faith and the baby steps.
He's a fraud who got rich selling abstract motivational gobbligoop, not by actually doing we he recommends to others in that gobbligoop. Same goes for any of these schisters who are putting out "free" seminars that turn into sales funnels.
I agree with Steve because couples get in trouble with overseeing every penny the other spends. There should be some amount of money where you don’t need the other’s approval. Either put into an account or actual cash distribution. Get the savings/retirement goals in place, monthly obligations and any other goals FIRST.
My boy George already got more subscribers than SmartMoney happy hour. Love his input on the Ramsey show on this TH-cam channel and on Smart money happy hour.
@@perotal If you want to take financial advice from Hollywood and some brainless puppet you go right ahead. People on the Ramsey team might not have everything 100% correct, but at least they preach sound fundamentals.
To avoid the 4 bank accounts my husband and I just take out cash. So we agree to x amount of dollars per month that is “fun money” and take cash out so he can use his to buy his baseball tickets and I can use mine to save for my purses without each other judging each other.
I agree with you up to your analysis of Steve's asserted "The Law of Attraction" nonsense. This is purely a new age principle of personally controlling the universe for personal gain xx
People become millionaires faster with businesses than in the market. 5 years.. bam done. Find something that you can be proficient at and focus on that leaving everything behind. Yes it takes tons of discipline but works almost everytime.
If you don't have enough trust to trust what your partner is doung with their money in a separate amount, maybe you just aren't ready to get married. Usually neither of those decisions is about trust but about convenience etc... except in this comment section, where I see plenty of "they have separate accounts? That means CHEATING WILL HAPPEN!". Like, chill, dude, if you feel the need to control their finances, maybe it's not a good relationship. (Not talking about you but other commenters).
That’s good he learned that he’s throwing away money by borrowing from banks. But this interest you pay is just half the issue… When you have no debt you can invest more, accrue wealth faster, plus just the mental health factor of having no debt just gives you so much of an edge
I'd love to see an episode of The Ramsey Show when Dave rants about these topics. If not then have a special from Dave's new conference center where he and Steve go head to head on certain things.
@@amireallythatgrumpy6508 Was that the one when they have 4 accounts or the one that talks about generosity? I know it wasn't the last two which look to be from FF.
@@amireallythatgrumpy6508 No wonder he'd react to it. This clip glories debt which DR hates like a cat hates water or a dog hates squirrels. Bottom line is he DESPISES it.
Nah I agree with Steve. Some accounts together but an account by yourself with an agreed amount per paycheck so you don’t have to ask makes you feel independent
I think you misunderstood his 4 accounts. You have the typical shared check and savings, but the other two accounts seemed to be for the entertainment budget and gifts. That’s my interpretation anyways. I just have shared accounts and we don’t really do gifts. We do experiences together for gifts.
When I was married, we had joint checking/savings accounts. In fact I was the one that balanced our accounts, paid all the bills, etc. We each were allocated our own spending money. It did NOT stop my ex from committing “financial infidelity” with the spending money he was allocated. He went out and purchased a motorcycle unbeknownst to me. He didn’t require my permission or signature to do so. He used his spending money to date another woman. This went on secretly for awhile. When we divorced the motorcycle debt was his. SO having everything joint does not ensure that either spouse would not commit financial infidelity. I didn’t. That’s a character flaw. Hopefully BEFORE you marry the person you will take a look at a person’s credit report, take note of their spending habits, and discuss your financial goals and plans as a couple. This is something I failed to do because we both had great jobs and I was so in love. I learned the hard way.
Interesting to have a shared savings account that requires BOTH signatures to withdraw. May prevent a spouse ready to leave the relationship from withdrawing all the funds, draining the account to take with them.
You ended with a comment about needing someone to help you with some advice about your mustache, and maybe your beard. As a big fan and a small business focused on caring for facial hair, I would love to talk with you about that and offer you some advice.
Question for you George or TH-cam community: If you have joint everything, which I like the idea of, how do you go about gift giving to each other without knowing what each other got prior to receiving it (or at least where you got it from anyway)?
@@thehonesthiker just check for fees with those visa ones. I think it's usually a better idea to buy a gift card for the store itself rather than visa if you can!
@Suzy but with any of those things being a line item on the budget would require an explanation And anytime when you're balancing the book everything is accounted for the show up in the account to both spouse
You can't gift give without the other person noticing. The cash answers doesn't make sense bc most gifts are bought online these days plus I would notice if my spouse took out a lump of caashh would immediately ask why. My husband couldn't buy me a ring bc of this, so he had to have a friend buy it and then we both had to pay the friend back on something I hadn't agreed to pay for (this isn't me complaining about my husband. It was sweet I'm just explaining the awkwardness this situation causes). Now we have separate accounts for fun spending and we gift give from our own accounts. I think the DR team is too restrictive with their advice (more like rules). What works for some doesn't work for everyone.
Having separate finances is ok. The issue you are addressing is bad communication. Joint or not, if there's no communication in regards of the finances everything will go south at some point.
i dont agree with George on the 4 bank account, even though we are married we still need some type of freedom to do what we want with money no questions ask, if i want to go buy a Motorcycle i dont have to ask because money is not coming from the house account or the joint account and if my wife wants to buy the purse she wants same thing.
I love George’s videos. Clever and informative. My favorite Ramsey personality 💯
I was unloading my dryer and when you said “shout-out to my man Methuselah!” I actually busted out laughing. 😂
love the humor!
George i agree with MOST of your takeaways and advice except for the multiple accounts for married folks. My husband and i have used this strategy. One shared account for bills, another foir saving goals and emergency fund, and we each have our own checking. My husband is not a personal finance nerd like. Its just makes our marriage better and peaceful, we dont argue about money this way
I’m with you here.
We also have the joint accounts for our income and family spending. The separate accounts are our “allowance” accounts for pocket money and the odd birthday check from our moms.
The only reason people need fully combined finances is if there is a significant difference in incomes (like one partner works and one is home), or if you don’t trust your spouse to manage money the same way you do. My husband and I make similar income. We have a joint account and both have separate accounts too. We dont fight about money. We’re every day millionaires and just working on paying down the mortgage.
How can you buy your hubby a present if he sees it on the card too 😅
George is absolutely hilarious.. Very entertaining, great work making these videos!
George is a breath of fresh air!
Separate accounts are wonderful that way if one person has a spending problem it is seen.. when the spending problem effects the spenders account it can be dealt with without risking other savings and living money.
“Shout out to my man Methuselah. Heck of a run” 😅😅😅😅😅
George you are CRUSHING IT!
Joint accounts scare the crap out of me. My parents went joint and when they divorced (infidelity. Joint doesn’t prevent infidelity), it didn’t go final until 6 years later. They were fighting tooth and nail over the joint assets and joint accounts. Terrifying to think of following that by mingling my finances that much.
Sorry to hear about their situation. Truthfully, separate accounts doesn’t prevent the asset mess. The court will see those accounts as community property in a divorce.
Don't get married! You can be committed to someone without getting the government involved. The new marriage success rate is abysmal. I'm not going to bet a significant portion of my finances on the flip of a coin.
@@GeorgeKamel Exactly. When you are married, all accounts ARE joint accounts... (In some states, you don't even have to be married if you have been together long enough)
And I never understood the "she doesn't have to ask you to spend money and you don't have to ask her" argument...
My wife doesn't ask me if she wants to buy something using our joint account. I don't ask her.
That said, all of this is "our money" so we obviously will talk about the big items... Together...
Yeah, don’t get married and reap none of the rewards that are possible from a long-term, loving relationship and family. Die miserable and alone, without posterity. Great advice. Sorry, as someone who got it wrong the first time (my husband cheated on me), I am now married to the love of my life, for the rest of my life. A great marriage is worth the risk.
@@desiv1170 This 100%. A relationship with separate accounts and zero transparency is not a relationship I want to be in, and where I live, after 2 years you're considered to be in a de facto relationship anyway. And yep, our marrige is built on trust, we just discuss the bigger ticket items together. It's really not that hard if you are able to communicate with each other.
Man. You are crushing!!! I’ve tracked your videos from Ramsey to cooperation with Graham Stephan.. and now you have your own channel. You will grow insanely fast! And I’m really proud that you have such awesome production behind with such fast delivery!! Videos motivated to become financially independent and spiritually closer to the scripture!
P.S. Having 13 credit cards and 800+ FICO I’m considering to try living life without them.. even though I was playing the game pretty well - financial independence that what lights me on!
George keep doing your thing man. I’m loving the videos and the channel.
Steve gives worldly advice, and that results in a worldly outcome. George said it best, Steve is not a financial advisor.
Spot on!!! 👏🏼
True, but for that matter no one at Ramsey is either.
What is worldly advice? WTF?
@@MC-pe4cnAdvice that is comforming to this world. Not advice based on what the Bible teaches.
@@MeakH1 so slavery is comforting advice? Exodus 21
My wife and I actually do the 4 bank account method. The separate accounts are very small and part of our monthly budget. Like about 100 bucks a month going in small.
This is how I buy surprise anniversary gifts with out her knowing. Hence the word surprise.
Also serves as a back up debit card in case our main joint account card gets compromised, which we are currently dealing with.
So money isn't the root of all marital problems it's how you two choose to use the money 😮
Good surprises can be fun but separate accounts are how some people find out about hidden extramarital affairs and addictions for which the 'private $$$' is being used. When there's no communication and transparency the trust factor can become an issue.
@@carlaritchie331 How the heck would i have an affair for 100 bucks a month or less, that would risk jeopardizing my marriage?
That must be one ugly skank home wrecker.
@@carlaritchie331SMALL ACCOUNTS GENIUS!! Furthermore, why are you goofies worried about “affairs”?!? You CANNOT control if you spouse cheats!! It’s on them! I could care less how much money you have!! A cheater is a cheater! 4 accounts works for some of us that aren’t insecure and trust our spouses..
You know George ain’t evaahhh gonnna stop making these videos! Let’s go King George!
George you are informative and fun 😂 This was a great video, I watched this episode with Steve and lots of red flags. He’s a funny guy and I listen but stay skeptical. More videos !!!!!! Plz❤
Love George's face in the clip of the $10 🤣🤣🤣🤣
You're doing great, George! Keep at it and you'll grow in subscribers very quickly.
Mowing 100,000 lawns is definitely the best way to become a millionaire 😂
We share the bank accounts. In our monthly budget, we each have a spending budget that we can do what we want with (go eat out with friends, buy a new purse, whatever). We both know the Master password, and if we need to spend more than $100 we talk to each other first. No secrets, no guesswork. I have more freedom now then ever in my life ❤
I never realized how funny George was lol...he even got me to like the video in the beginning
5:40 😂 we need to get dude dad on some Ramsey shows
Not telling your spouse what you're doing with your money in a separate account...what could possibly go wrong?!!!?
Exactly, why should your spouse know how much you’re spending on your affair!?
@@10RRASKwith Steve's recommendation financial infidelity isn't the only sort of infidelity that's possibly going on....
My plan, we have the same 4 accounts Steve mentioned. Our paychecks are deposited into the central account. From there we each deposit our spending allowance and investment funds into the applicable accounts. We both have full access and control to ALL accounts and once a month we meet to balance and review the central account. For me, it just makes life a little bit easier. It's already a pain to track groceries, light bills, phone bills etc. I don't want to be bothered with tracking how much my wife spent on a pair of pants. Besides, as long as communication is happening what's the difference whether it's a separate account or a line item in the budget?
It's not the four accounts that is concerning. Sure put the set aside budgeted spending money into a separate spending account if that's your thing. It's where Steve at 1:35 ish literally says do whatever you want and don't even check what your spouse is doing with the money. As George said, it's the lack of visibility of where the money is going. Communicating with your spouse on these things (such as money) is a must.
@@punkbassandcovers So would you give your spouse $100 gift and then insist that they report exactly how to you exactly how spend that money or would you saying I am giving this money, spend it how you like? This is basically the same thing. It is not like they did not have a joint account and decided together how to spend that money BEFORE allocating money to the separate account. I do believe that couples should be able to access all accounts, but this is micro-managing and controlling. As far as financial infidelity or cheating, that is a character flaw. A person who cheats will find a way even without separate account.
At one time I had my check go split so it went into two separate banks. I was not married, but if a person wanted to cheat this is a way to have a certain amount go into the main account in the first place. I am sure there are other ways to cheat if a person has that character.
Steve and George are right to encourage generosity. Make it a habit.
Great job finding all these video clips to insert in all your videos! Comic relief is very attractive when discussing finances.
The A.I. does it these days. Other vids use the same clips & memes.
Dude Dad clip on point, while Steve talking Methusela Millions 😂
Hey Steve Harvey you’re wrong on debt. “Debt is dumb, cash is king, and the paid off home mortgage takes the place of the BMW as the status symbol of choice!”- Dave Ramsey. SO GLAD I LISTENED TO DAVE RAMSEY! Now I have my greatest wealth building tool, which is my income, working for me!! It is incredible how well I sleep at night with financial freedom!!❤
The 1st point: my husband and I have had basically that bank account set up for years, but all under the same login, so we have always been able to see the other person's "separate" checking account/transactions. In later years, I added a couple more accounts for 'giving' and 'travel,' but another option is there are bank accounts that let you divvy things into 'buckets' under the same account.
We have one account and share everything. We have the money market account for our Emergency fund. Strength in being together. We budget a line item for each of us for extra spending
Funny...and informative...THANKS!!!!
George, you're killing it!
Thank you for simplifying this so we could ALL understand and be successful.
We use Ally, which you’ve said you’re a fan of. We actually have five accounts, one is the main account for daily spending, one is our monthly bills that are all set to autopay, one is the emergency fund savings account and two of them are his/her “fun monies” accounts. We budget weekly and only our own fun money (which are line items in EveryDollar) go to those separate accounts. In Ally we can both See the Main, Bills, and Emergency. The two fun accounts are linked but can’t be seen by each other. With EveryDollar you can see all of these separate accounts for budget meeting discussions. Why polarize what he’s saying. There’s plenty of tools out there that achieve the same goal.
Great content 👊🏽 for us regular people 😅. Giving the youth something to look up to and forward to 💝.
Well said George! Well said.
You can get 66 Costco hot dog deals for $100, not 60. Don't shortchange yourself 6 hot dogs 😂!
“But stay away from my falafels” 😂😂😂. Love it !
Awesome advice 👏 👍I Managed to pay off my $300,000 mortgage. And fully paid off my vehicles before turning 40... now at 41 I wish finding a spouse was easier 😅
Finding a financially literate one you mean
i may not agree with 4 bank accounts- however i do believe each partner should have their own money
We follow both. Both names are on all 4 accounts and we budget every penny.
It's just what's in my account is there so it's easier to set aside what we budgeted for her to spend and budget for me to spend. Bank accounts are free and banks don't care how many you have open as long as you maintain the minimums.
Never watched one of George's videos before. He really is funny! Looking forward to him and Jade carrying the Ramsey torch going forward
Always great content!
Your videos never disappoint!! Epic!
OP what?????? Great show George ⭐️⭐️⭐️⭐️⭐️
Please George, don't leave me hanging‼️
I remember when you all played that Family Feud clip on the Ramsey Show.
Dave said y'all were going to try and find that guy and get him hooked up into FPU. Were you successful in finding him?
I felt so bad for that guy.
The Methuselah joke 😂
Dude Dad showed up! You really need to connect with Taylor Calmus, aka Dude Dad. He is a great guy!
🤔 Over twenty years ago my cousin made over 100,000 with a lawn mowing business he worked part time on Friday and Saturday after working 40 hours as an engineer.
Pls provide in podcast form❤
You can tune in and subscribe on Spotify! spotify.link/5MfbUmNYyDb
George’s I’m 32 and my parents preach Dave and I only started because I saw you and graham and then started FPU the next day😂
Man that’s awesome to hear!!!
So happy you spoke to this! Steve Harvey has been giving bad and unreasonable advice about money and marriage for years… and mainly because he’s famous and funny people buy it. Except people forget that he cheated on his wife, is divorced and makes millions and his advice is based off of that. Not quite the path I want to follow. I’ll become a millionaire the Dave Ramsey way, though faith and the baby steps.
Dave Ramsey was bankrupt and yet you’re still listening to his advice. 🤦♀️
I can't wait to be debt free by the end of this year, one of my first goals is to start giving generously.
I like to see you react to Robert Kyosaki. That man is a multi-million but he is leverage up to his eyeballs. He loves debts
Yes do a video on this subject
Yes and have Dave on as your guest since he and RK are friends
He's a fraud who got rich selling abstract motivational gobbligoop, not by actually doing we he recommends to others in that gobbligoop. Same goes for any of these schisters who are putting out "free" seminars that turn into sales funnels.
He’s a 1 in a million talented guy I love listening to him but for the normal person debt is the financial killer for most of us.
George, you are killin it!!!
I live for George always casually bringing up Costco hot dogs 🤣🤣😭❤
George keep it up absolute gold
Stevie’s sleevies 😂
I agree with Steve because couples get in trouble with overseeing every penny the other spends. There should be some amount of money where you don’t need the other’s approval. Either put into an account or actual cash distribution. Get the savings/retirement goals in place, monthly obligations and any other goals FIRST.
My boy George already got more subscribers than SmartMoney happy hour. Love his input on the Ramsey show on this TH-cam channel and on Smart money happy hour.
If you haven’t already, could you do a video on high yield savings accounts… and like where do you start to open one
I tell young people to find the bank that works for them when they ask where and how I do it. Too any factors to determine it.
Taking financial advice from a celebrity is the same as taking it from a lottery winner.
But it is so much better taking it from a kid on TH-cam right?
@@perotal If you want to take financial advice from Hollywood and some brainless puppet you go right ahead. People on the Ramsey team might not have everything 100% correct, but at least they preach sound fundamentals.
To avoid the 4 bank accounts my husband and I just take out cash. So we agree to x amount of dollars per month that is “fun money” and take cash out so he can use his to buy his baseball tickets and I can use mine to save for my purses without each other judging each other.
10 mo times 😂😂🤣 I mean this guy tells jokes for a living... Of course he was just kidding
George rules!
George Kamel is my favorite. Keep it up George :)
I only want 100s… that’s what the IRS told him when he owed them over 20 million in taxes.
I agree with you up to your analysis of Steve's asserted "The Law of Attraction" nonsense. This is purely a new age principle of personally controlling the universe for personal gain xx
You do you, Paige. I LOVE my chaise on my couch, my knees are much happier since getting it.
Excellent video George ❤😂
The last clip of SH. If you’re using OPM then your paying other people your money plus interest. That’s more money out of your pocket. 🥴
Great info George
People become millionaires faster with businesses than in the market.
5 years.. bam done. Find something that you can be proficient at and focus on that leaving everything behind. Yes it takes tons of discipline but works almost everytime.
If you don't have enough trust with your partner to share finances, maybe you just aren't ready to get married.
If you don't have enough trust to trust what your partner is doung with their money in a separate amount, maybe you just aren't ready to get married.
Usually neither of those decisions is about trust but about convenience etc... except in this comment section, where I see plenty of "they have separate accounts? That means CHEATING WILL HAPPEN!". Like, chill, dude, if you feel the need to control their finances, maybe it's not a good relationship. (Not talking about you but other commenters).
But they are sharing their finances. They made the decision together as to how they want their account setup.
That’s good he learned that he’s throwing away money by borrowing from banks. But this interest you pay is just half the issue… When you have no debt you can invest more, accrue wealth faster, plus just the mental health factor of having no debt just gives you so much of an edge
I'd love to see an episode of The Ramsey Show when Dave rants about these topics. If not then have a special from Dave's new conference center where he and Steve go head to head on certain things.
Dave reacted to the OPM clip in late 2021.
@@amireallythatgrumpy6508 Was that the one when they have 4 accounts or the one that talks about generosity? I know it wasn't the last two which look to be from FF.
@@katyedwards3935 No, it's the Family Feud one where he talks about other people's money. That's an old clip.
@@amireallythatgrumpy6508 No wonder he'd react to it. This clip glories debt which DR hates like a cat hates water or a dog hates squirrels. Bottom line is he DESPISES it.
Well said.
George like Steve is very entertaining
I only want Ferrari's. I will only accept Ferrari's. 😂😂😂😂😂😂
There’s both ways to get rich, without debt and with debt. Both work
Love your content!
Exactly exactly smart advice young man 🎉
I got so excited about 10 dollar hustles…was about to take only 10 dollar delivery orders to become a millionaire, until you George broke it down! lol
Just be funny, “Ask Steve,” he’s trying to be like my Mother in Knowing Everything😂
Nice video bro thanks
🤣🤣 Love George Kamal
Nah I agree with Steve. Some accounts together but an account by yourself with an agreed amount per paycheck so you don’t have to ask makes you feel independent
Waiting for the altar call ;) LOL
I think you misunderstood his 4 accounts. You have the typical shared check and savings, but the other two accounts seemed to be for the entertainment budget and gifts. That’s my interpretation anyways. I just have shared accounts and we don’t really do gifts. We do experiences together for gifts.
When I was married, we had joint checking/savings accounts. In fact I was the one that balanced our accounts, paid all the bills, etc. We each were allocated our own spending money. It did NOT stop my ex from committing “financial infidelity” with the spending money he was allocated. He went out and purchased a motorcycle unbeknownst to me. He didn’t require my permission or signature to do so. He used his spending money to date another woman. This went on secretly for awhile. When we divorced the motorcycle debt was his.
SO having everything joint does not ensure that either spouse would not commit financial infidelity. I didn’t. That’s a character flaw. Hopefully BEFORE you marry the person you will take a look at a person’s credit report, take note of their spending habits, and discuss your financial goals and plans as a couple. This is something I failed to do because we both had great jobs and I was so in love. I learned the hard way.
Interesting to have a shared savings account that requires BOTH signatures to withdraw. May prevent a spouse ready to leave the relationship from withdrawing all the funds, draining the account to take with them.
Love the @dudedad cameo lol
Nature Valley GB are soooo messy!
Love this one .. who will you DEBUNK NEXT ..(:
george is the GOAT
This advice makes a lot of sense.
Steve Harvey is a case study for the Dunning-Kruger effect.
You ended with a comment about needing someone to help you with some advice about your mustache, and maybe your beard. As a big fan and a small business focused on caring for facial hair, I would love to talk with you about that and offer you some advice.
I love Steve Harvey. He helped me to get to the level I’m at today. I jumped and I am going to keep on jumping.
Question for you George or TH-cam community: If you have joint everything, which I like the idea of, how do you go about gift giving to each other without knowing what each other got prior to receiving it (or at least where you got it from anyway)?
You could pay cash or if it's online buy a gift card to use to pay for the items.
@@suzy4705 Oh I like the idea of the gift cards, like the Visa prepaid ones or whatever. That's a great idea, thanks!
@@thehonesthiker just check for fees with those visa ones. I think it's usually a better idea to buy a gift card for the store itself rather than visa if you can!
@Suzy but with any of those things being a line item on the budget would require an explanation
And anytime when you're balancing the book everything is accounted for the show up in the account to both spouse
You can't gift give without the other person noticing. The cash answers doesn't make sense bc most gifts are bought online these days plus I would notice if my spouse took out a lump of caashh would immediately ask why. My husband couldn't buy me a ring bc of this, so he had to have a friend buy it and then we both had to pay the friend back on something I hadn't agreed to pay for (this isn't me complaining about my husband. It was sweet I'm just explaining the awkwardness this situation causes). Now we have separate accounts for fun spending and we gift give from our own accounts. I think the DR team is too restrictive with their advice (more like rules). What works for some doesn't work for everyone.
Having separate finances is ok. The issue you are addressing is bad communication. Joint or not, if there's no communication in regards of the finances everything will go south at some point.
i dont agree with George on the 4 bank account, even though we are married we still need some type of freedom to do what we want with money no questions ask, if i want to go buy a Motorcycle i dont have to ask because money is not coming from the house account or the joint account and if my wife wants to buy the purse she wants same thing.
Can’t imagine anyone taking financial advice from Steve Harvey!