Scholastic Book Fairs were awesome growing up! My mom was a teacher and got to the school early, so I got to get a sneak peek of all the books on display. Good times!
Definitely my favorite channel, keep up the great work George and team. I love how the Ramsey team are helping keep the world debt free, you guys are all awesome including the camera people and all the teams filming and running the shows, we know we takes lots of work, editing, reviewing etc ..
I remember when we upgraded our $60 Costco metal bed frame to an Ikea frame with 3/4 drawers for $35. Someone bought it and it was missing a drawer front. Ikea gave them a whole new one so we bought the incomplete one. Used it for 5 years before it fell apart after 4 moves. Typical Ikea but hey it was $35!
This is why I don't eat out anymore coz everything has trtripled, the delivery is crazy , they charge service fee and on top of that the delivery driver "expects" a TIP. They look at you some kind of way , trying to hunt for a tip, so I just cook a lot of food so I can have leftovers for the days that I don't want to cook.
Glad you don't order food anymore, if you don't want to tip, too cheap to tip or can't afford to tip, drive and pick the shit up yourself. The drivers main source of income is tips. Don't be a cheap ass. I'd egg your house if you didn't tip me. That would cost you $100's/1000's to clean up. Have fun.
why is there only one way to eat out? why don't you just actually go out and pick up the to go order? the delivery is costly And slow. I ordered sushi one time using one of those delivery service and it took 2 hrs for me to get the food. By that time I got so hungry I ended up eating all the snacks at home and got full from that already. It was a very unpleasant dinner. To me, the time wasted waiting for food is even worse than the xtra delivery fee. Always pick up ur own food, save time and $$
Re: house poor part - we do need to be okay not having the whole house furnished and updated and all immediately when we buy it though. I know you guys teach this but as a reminder to people we can buy things used and take our time decorating, cultivating it as we go. There is joy in that. Yes, if you have a vision of what you want and it takes awhile to find it and/or save up that can be frustrating, but it also helps with contentment. Looking back at our old pictures and seeing how our homes (both rentals and our first house) have changed over time is fun to see. Sometimes you have to take time to save up for that furniture you really want and sometimes other things happen that take precedent like a flooded basement or a big car repair, over wanted house stuff. That's okay too. The idea our generations have that we need to move in and have a perfectly picture ready home immediately, whether it's with items inside or renovations, shouldn't be the expectation. Also you asked for questions! I feel like FPU is missing out of the real estate lesson in a couple areas: 1) other lessons on buying a good property and things that could easily break your bank (ie mandated flood insurance was over $3k a year- it more than doubled in less than four years and we didn't use it, nor could we unless the water rose into the first floor, which was elevated anyways). Things that could significantly change your budgeted needs for home just based on type of home or where it is... Those would be great for people looking for homes that don't get that kind of advice from anyone. 2) Moving budget. Besides a down payment, how much people should save to buy a house. The closing costs, inspections, maybe extra money set aside to fix something right away because that's happened in both houses we've bought, a furnishing budget possibly even if it's just to buy different stools or curtains, and even an idea of how much to set aside for new necessities like an extra bathroom curtain/toilet brush/etc since you have another bathroom, carbon monoxide detectors if there weren't enough in home, rekeying home yourself, etc. Those early target/home Depot runs add up so quickly even if you're trying to stick to necessities! 3) I love how you said home payment/escrow is the least you pay vs rent is the most you pay! That should be in FPU!! 👏👏👏 (We've taught it a few times here and this is missing.) I would also teach how much you should be saving monthly for home repairs in a sinking fund. Conventional wisdom says 1% of home value which can be a significant amount of your budget.
My mind m was a teenager during the Great Depression. She always maintained it was far more important to have a house than to fill that house up with furniture. She wasn't saying to be house poor, merely that it was more important to own a house than to own furnishings. I'm not gonna lie, I learned much of my financial knowledge from her (and in turn, passed it on to my son).
Growing up, I almost never was able to buy books at the book fare or order from book club. I then started overcompensating for my children. I’ve reigned it in as my children are not avid readers like I was and don’t seem to mind if they don’t get something from every book club. But I do give them some money for the fare once a year and they have to work within that budget. Seeing the footage from a book fare on here brings back memories and trauma lol.
George, it should be Yolo! BUDGET! Yolo! instead of beach. Really. That budget will make sure our money lasts way longer and provides opportunities for many more vacations than a "gotta do it now" beach blowout.
My x wife ran up huge debts and would argue that because she didn't have anything as a child and teen growing up, she wasn't going to go without in later life. I struggled to reason with this way of thinking and spending, while things were made worse when her friends would tell me to back off and if she wished to spend then she could. The rest is history, although it took me a good 10 years to get myself financially straight following this difficult episode of life.
As a parent, I hate the book fair. It reinforces the FOMO mindset and encourages impulse buying. Last year, we told the kids to tell us what books they wanted and ordered them on Amazon. Showed them the price difference, and that let them get 3 good books instead of 2 garbage ones.
The van down by the river in 1993 wasn't a brand new top of the line model with expensive upgrades. That's the real difference. In 1993 the van was 15, 20 years old and barely ran. Which is just as affordable today as it was then.
I entered the stock market with the goal of making more money to cover my daily expenses, but my lack of understanding of the stock market has led to increasing losses. I would like to know how to stop this downward trend.
Ok - thIs is the math stat I don’t get. 39% of people with NO debt still live paycheck to paycheck. What?! 😳. That’s a lot. Can we talk about breaking that trend? What is the answer?! Downsizing? Roommates? Leaving the country?!
I'm among the 45% of people without debt who still worry about money. 21 years old trying to figure out how I'm gonna buy a house, invest, marry, and still buy the cool trucks I want.
It all falls into place pretty easily if you accept that marriage isn't a smart thing to do in the 21st century. You'll save a lot of money if you stop trying to impress th0ts and never marry one. Seriously. That's the #1 thing that helped me to be ready to retire at ~35. All of my coworkers are still stuck on the "work to 60+" route primarily because of this one thing.
As someone who was literally in your same shoes….take full advantage of your current situation as much and as long as you can. Right before I turned 21, I had just landed my first real job in my chosen career path. I wanted all those things too, but a house was number 1 on my list. My parents agreed to let me continue living at home rent free while I saved up the vast majority of my income towards a down payment. I also had found someone who shared many of the same goals and aspirations as myself, including the financial ones. She was also able to live at home rent free for a bit to build up savings as well. All in all, it took about 3 years in total from the time we started saving, to the time we purchased our house. Based on our income, we could have purchased a much more expensive home than we expected…but we opted to try and stay as close as possible to a purchase price that would allow us to survive on one of our incomes, albeit very tightly. We also prioritized keeping an emergency fund ready at all times. Fast forward 12 years… We are married, raising a family, and just finished paying off our house last year. We continued to save and invest along the way as well. Now, we did choose to sacrifice a few things along the way…but we both wanted the security of a paid off house, and took advantage of our situations in order to get there as quickly and as securely as we possibly could. The biggest asset to us over the years has been learning to live on less. Now yes, there is a lower limit to where this is possible, but by taking advantage of our situation as much as we could, we were able to make our dream a reality. Had we jumped into renting, and buying new vehicles and taking trips because “we need to live it up in our 20s”, there is absolutely no way we would be anywhere close to where we are now. Now, would we be better off now had we chosen to focus more on investing than we did paying off our house? Probably so…but that was a risk we weren’t really willing to take at the time. The thing is that now that our home is paid off, we have enough margin to play with that I can afford to take more risks investing than I previously could have. Sure, I may end up losing in the short term…but I can do that knowing that I’m not going be affecting my family’s stability along the way…which to me is worth far more in the end! I will also say that these last 12 years have gone by quite literally in the blink of an eye. Set some goals for yourself that are very achievable, and then begin growing them from there. You might surprise yourself in a few years when you look back at your achievements.
Tacos are more work though. You have to stir up the meat and there are extra steps associated with the seasoning. Burgers are much easier to neglect - just one or two flips needed. I guess the exception is if you're frying up some eggs to put on top of the burger, but then tacos are no longer objectively better either.
Reader: There are 56.1 million millionaires in the world. That's a lot of people who can say they made it. Why not you? ❤ Hope you get rich and stay focused on your financial goals.
My ex-wife would spend $4,500 on a four day meditation healing retreat. It was my fault because I would buy a BLT for lunch a couple of days per week, which was an extravagant expense considering we were trying to pay off debt.
so it looks like student loan forgiveness will go through, 5 justices have brought up the standing issue against the parties trying to stop the loan forgiveness which means the case is dead in the water.... Hate to say it but i mentioned on daves channel not to assume anything with litigation as i didn't want dave making a mistake on something so big/important..... btw george liking this new content, keep up the grind man, your doing great
It seems that you can’t sign up for FPU anymore George. Any tips or any more classes coming? I’ve decided I want to commit to paying the debt once and for all.
@@GeorgeKamel Thanks George. I still want to take a class with you or Rachel so I guess I will wait. Have been watching your videos for two months and am on baby step 2 already having paid off 2 credit cards. Much blessings to you!
I'm Canadian and the free version of Every Dollar works in Canada. I tried it out earlier this year to see what it was like but I decided to stick with Good Budget App - another decent budgeting app that I have used for years.
George, please tell me you were kidding u don't know why your wife chose you. It's a easy answer. she chose you for you, because she loves you, because she loves your personality and know your a good person.
Memes can be funny, but some are serious. From what I read, the clip you posted at 47 seconds is a guy that laugh/cried right before he died of cancer. That was his last post.
@@ykciR I got it for zero money down and It will be worth more than I owe since I have put no miles on it smart guy. I paid cash for a 2015 Equinox too. I am not a broke b*itch.
In my opinion, a little bit of worry is good, as long as it doesn’t take over your life and make you lose sleep at night. It can actually serve a purpose and help you stay on track with your goals.
Love the editing in this one. Putting George in the memes was great!
"Crypto is Mary Kay for men" :-) Thanks for the LOL!
😂
Scholastic Book Fairs were awesome growing up! My mom was a teacher and got to the school early, so I got to get a sneak peek of all the books on display. Good times!
A very simple but important phrase: Wants versus needs.
Definitely my favorite channel, keep up the great work George and team. I love how the Ramsey team are helping keep the world debt free, you guys are all awesome including the camera people and all the teams filming and running the shows, we know we takes lots of work, editing, reviewing etc ..
Hahahah, this channel is my favorite on the Ramsey network. Awesome video George and team! Happy Friday!
Production value is getting higher!
Omg!!!!! The Amazon thing is exactly how I feel. EXACTLY!!!
Scholastic Book Fair also supports the school library and many times helps the librarian’s tight budget.
3:23 So true, we used our camping stuff in our new house - not the gas cooker tho, that’s just dangerous
I remember when we upgraded our $60 Costco metal bed frame to an Ikea frame with 3/4 drawers for $35. Someone bought it and it was missing a drawer front. Ikea gave them a whole new one so we bought the incomplete one. Used it for 5 years before it fell apart after 4 moves. Typical Ikea but hey it was $35!
costco has better quality, I wouldn't make this kind of comparison
it feels like i am living paycheck to paycheck but that's just because I save a ridiculous amount and don't want to spend any of it.
Dood! Right on.
That’s actually really good. But don’t go to far. Give yourself permission to enjoy a little bit. If your debt free put a line in your budget for fun
I live paycheck to paycheck but I save 35% of my income I bring home $60000 a year
You’re hilarious George, love u bro 👊
7:31 YEEESSS!!!!! This one kills me and is so true (to a point).
This is why I don't eat out anymore coz everything has trtripled, the delivery is crazy , they charge service fee and on top of that the delivery driver "expects" a TIP. They look at you some kind of way , trying to hunt for a tip, so I just cook a lot of food so I can have leftovers for the days that I don't want to cook.
Glad you don't order food anymore, if you don't want to tip, too cheap to tip or can't afford to tip, drive and pick the shit up yourself. The drivers main source of income is tips. Don't be a cheap ass. I'd egg your house if you didn't tip me. That would cost you $100's/1000's to clean up. Have fun.
Smart!
U can still eat out..just be smart about it
why is there only one way to eat out? why don't you just actually go out and pick up the to go order? the delivery is costly And slow. I ordered sushi one time using one of those delivery service and it took 2 hrs for me to get the food. By that time I got so hungry I ended up eating all the snacks at home and got full from that already. It was a very unpleasant dinner. To me, the time wasted waiting for food is even worse than the xtra delivery fee. Always pick up ur own food, save time and $$
I love George Kamel. He is great. 😊
Fantastic video. Love it.
Absolutely loved this episode!
Re: house poor part - we do need to be okay not having the whole house furnished and updated and all immediately when we buy it though. I know you guys teach this but as a reminder to people we can buy things used and take our time decorating, cultivating it as we go. There is joy in that. Yes, if you have a vision of what you want and it takes awhile to find it and/or save up that can be frustrating, but it also helps with contentment. Looking back at our old pictures and seeing how our homes (both rentals and our first house) have changed over time is fun to see. Sometimes you have to take time to save up for that furniture you really want and sometimes other things happen that take precedent like a flooded basement or a big car repair, over wanted house stuff. That's okay too. The idea our generations have that we need to move in and have a perfectly picture ready home immediately, whether it's with items inside or renovations, shouldn't be the expectation.
Also you asked for questions! I feel like FPU is missing out of the real estate lesson in a couple areas:
1) other lessons on buying a good property and things that could easily break your bank (ie mandated flood insurance was over $3k a year- it more than doubled in less than four years and we didn't use it, nor could we unless the water rose into the first floor, which was elevated anyways). Things that could significantly change your budgeted needs for home just based on type of home or where it is... Those would be great for people looking for homes that don't get that kind of advice from anyone.
2) Moving budget. Besides a down payment, how much people should save to buy a house. The closing costs, inspections, maybe extra money set aside to fix something right away because that's happened in both houses we've bought, a furnishing budget possibly even if it's just to buy different stools or curtains, and even an idea of how much to set aside for new necessities like an extra bathroom curtain/toilet brush/etc since you have another bathroom, carbon monoxide detectors if there weren't enough in home, rekeying home yourself, etc. Those early target/home Depot runs add up so quickly even if you're trying to stick to necessities!
3) I love how you said home payment/escrow is the least you pay vs rent is the most you pay! That should be in FPU!! 👏👏👏 (We've taught it a few times here and this is missing.) I would also teach how much you should be saving monthly for home repairs in a sinking fund. Conventional wisdom says 1% of home value which can be a significant amount of your budget.
The rent goes up each year and sometimes A LOT.
My mind m was a teenager during the Great Depression. She always maintained it was far more important to have a house than to fill that house up with furniture. She wasn't saying to be house poor, merely that it was more important to own a house than to own furnishings. I'm not gonna lie, I learned much of my financial knowledge from her (and in turn, passed it on to my son).
The Ric Flair photo is me getting expressos delivered to my home!!
I do have a Memaw and this video was great! 😂
4:27
Like that saying.
i always bought the car posters at scholastic book fairs
I recently saw an add for slurpee delivery… slurpee! Like if you get a slurpee delivered you are D-U-M-B! And it’ll be melted! People are lazy AF!
Love this my gosh
I’m here for this kind of content 😆
Now this is financial content in the 21st century👍🏻
Working at an apartment building, I saw two Starbucks deliveries there within 20 min. It’s only .3 miles away.
😂 I bought the n64 cheat codes at book fair
i def feel the amazon account thing lol
We had a half furnished home for a while. Just do it. You’ll find an estate deal on a dining set.
Growing up, I almost never was able to buy books at the book fare or order from book club. I then started overcompensating for my children. I’ve reigned it in as my children are not avid readers like I was and don’t seem to mind if they don’t get something from every book club. But I do give them some money for the fare once a year and they have to work within that budget. Seeing the footage from a book fare on here brings back memories and trauma lol.
Finally, an unintimidating Money video I can actually share with my friends
There are so many people there already 😒
George, it should be Yolo! BUDGET! Yolo! instead of beach. Really. That budget will make sure our money lasts way longer and provides opportunities for many more vacations than a "gotta do it now" beach blowout.
love the meme intro :D
Omg the Olson twins! I remember
I hope you post these memes you’re in on your IG 😂
My x wife ran up huge debts and would argue that because she didn't have anything as a child and teen growing up, she wasn't going to go without in later life. I struggled to reason with this way of thinking and spending, while things were made worse when her friends would tell me to back off and if she wished to spend then she could. The rest is history, although it took me a good 10 years to get myself financially straight following this difficult episode of life.
#2 is me 😂😂😂😂😂😂
Props to the editor
I dont think people factor in the sub charges restaurants charge to order via uber or doordash before the delivery fee.
As a parent, I hate the book fair. It reinforces the FOMO mindset and encourages impulse buying. Last year, we told the kids to tell us what books they wanted and ordered them on Amazon. Showed them the price difference, and that let them get 3 good books instead of 2 garbage ones.
Out of all the things your kids can "waste" money on, at least it's books.
The van down by the river in 1993 wasn't a brand new top of the line model with expensive upgrades. That's the real difference. In 1993 the van was 15, 20 years old and barely ran. Which is just as affordable today as it was then.
I entered the stock market with the goal of making more money to cover my daily expenses, but my lack of understanding of the stock market has led to increasing losses. I would like to know how to stop this downward trend.
@caroline12341 Can you be more specific?
@caroline12341 It sounds incredible. Can you refer me to your teacher?
Ok - thIs is the math stat I don’t get. 39% of people with NO debt still live paycheck to paycheck. What?! 😳. That’s a lot. Can we talk about breaking that trend? What is the answer?! Downsizing? Roommates? Leaving the country?!
I'm among the 45% of people without debt who still worry about money. 21 years old trying to figure out how I'm gonna buy a house, invest, marry, and still buy the cool trucks I want.
It all falls into place pretty easily if you accept that marriage isn't a smart thing to do in the 21st century. You'll save a lot of money if you stop trying to impress th0ts and never marry one.
Seriously. That's the #1 thing that helped me to be ready to retire at ~35. All of my coworkers are still stuck on the "work to 60+" route primarily because of this one thing.
As someone who was literally in your same shoes….take full advantage of your current situation as much and as long as you can. Right before I turned 21, I had just landed my first real job in my chosen career path. I wanted all those things too, but a house was number 1 on my list. My parents agreed to let me continue living at home rent free while I saved up the vast majority of my income towards a down payment. I also had found someone who shared many of the same goals and aspirations as myself, including the financial ones. She was also able to live at home rent free for a bit to build up savings as well. All in all, it took about 3 years in total from the time we started saving, to the time we purchased our house.
Based on our income, we could have purchased a much more expensive home than we expected…but we opted to try and stay as close as possible to a purchase price that would allow us to survive on one of our incomes, albeit very tightly. We also prioritized keeping an emergency fund ready at all times.
Fast forward 12 years… We are married, raising a family, and just finished paying off our house last year. We continued to save and invest along the way as well. Now, we did choose to sacrifice a few things along the way…but we both wanted the security of a paid off house, and took advantage of our situations in order to get there as quickly and as securely as we possibly could. The biggest asset to us over the years has been learning to live on less. Now yes, there is a lower limit to where this is possible, but by taking advantage of our situation as much as we could, we were able to make our dream a reality. Had we jumped into renting, and buying new vehicles and taking trips because “we need to live it up in our 20s”, there is absolutely no way we would be anywhere close to where we are now.
Now, would we be better off now had we chosen to focus more on investing than we did paying off our house? Probably so…but that was a risk we weren’t really willing to take at the time. The thing is that now that our home is paid off, we have enough margin to play with that I can afford to take more risks investing than I previously could have. Sure, I may end up losing in the short term…but I can do that knowing that I’m not going be affecting my family’s stability along the way…which to me is worth far more in the end!
I will also say that these last 12 years have gone by quite literally in the blink of an eye. Set some goals for yourself that are very achievable, and then begin growing them from there. You might surprise yourself in a few years when you look back at your achievements.
@@ordinaryhuman5645sounds like you created the perfect recipe for depression and regret
Just follow the money guy show's financial order of operations and you'll be set
@@vincent8900 Right, dodging the main source of misery and financial pain in modern society is how one develops depression and regret. Sure, lol.
Hamburgers are just tacos with extra steps... And taste worse. Don't at me 😂
Doesn't a taco have more steps?
And lasagna is just salmon with extra steps.
@@luv2ruck770ain't gotta put a tooth pick in a taco
Tacos are more work though. You have to stir up the meat and there are extra steps associated with the seasoning. Burgers are much easier to neglect - just one or two flips needed.
I guess the exception is if you're frying up some eggs to put on top of the burger, but then tacos are no longer objectively better either.
Reader: There are 56.1 million millionaires in the world. That's a lot of people who can say they made it. Why not you? ❤ Hope you get rich and stay focused on your financial goals.
My ex-wife would spend $4,500 on a four day meditation healing retreat. It was my fault because I would buy a BLT for lunch a couple of days per week, which was an extravagant expense considering we were trying to pay off debt.
Can I borrow your editor? Thanks.
so it looks like student loan forgiveness will go through, 5 justices have brought up the standing issue against the parties trying to stop the loan forgiveness which means the case is dead in the water.... Hate to say it but i mentioned on daves channel not to assume anything with litigation as i didn't want dave making a mistake on something so big/important..... btw george liking this new content, keep up the grind man, your doing great
It seems that you can’t sign up for FPU anymore George. Any tips or any more classes coming? I’ve decided I want to commit to paying the debt once and for all.
Yes mine closed yesterday as we are already 2 classes in. You can still sign up for a class - it just won’t be with a Ramsey Personality.
@@GeorgeKamel Thanks George. I still want to take a class with you or Rachel so I guess I will wait. Have been watching your videos for two months and am on baby step 2 already having paid off 2 credit cards. Much blessings to you!
Is there a good budgeting app you can use in Canada?
I'm Canadian and the free version of Every Dollar works in Canada. I tried it out earlier this year to see what it was like but I decided to stick with Good Budget App - another decent budgeting app that I have used for years.
No matter what generation we fall in we’re all facing the same problems
George, please tell me you were kidding u don't know why your wife chose you. It's a easy answer. she chose you for you, because she loves you, because she loves your personality and know your a good person.
Memes can be funny, but some are serious. From what I read, the clip you posted at 47 seconds is a guy that laugh/cried right before he died of cancer. That was his last post.
That's Pedro Pascal
NO!
I thought there was going to be a financial expert reacting to these.
The chevy suv I lease is on auto pay and I never feel it. Somehow I am the badguy?
You’re paying for a car you have to return?
@@ykciR I got it for zero money down and It will be worth more than I owe since I have put no miles on it smart guy. I paid cash for a 2015 Equinox too. I am not a broke b*itch.
Bold to call yourself a financial expert
I’ve been called worse things
First
My guy!! Producer Alex stanning his own work. We love to see it.
Yolo 🏖️ yolo lol
I was meant to be rich too,but because my spending is below my means
Don’t say it’s rediculess to get food delivered to your house i want a job
I am 30 years old earning 60k a year, no debts, a good sum of savings and about 50k in investments and I still worry about money daily!
From this 60-year-old's perspective, you are doing awesome!
In my opinion, a little bit of worry is good, as long as it doesn’t take over your life and make you lose sleep at night. It can actually serve a purpose and help you stay on track with your goals.