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In this episode, Travis and his producer Eric react to a call from The Ramsey Show with George Kamel and John Delony, where a 26-year-old caller wrestles with whether to wipe out his $20,000 savings to pay off credit card and truck debt. Using that scenario as a springboard, they dig into the psychology of safety, why cash in the bank feels like a “warm blanket,” and how to make smarter decisions about debt payoff and emergencies—without accidentally rebuilding high-interest debt later. The conversation eventually veers into gambling, new casino tech, and the dangerous allure of hooking your bank account up to slot machines and even Uno tables. On this episode we talk about: Why a $1,000 emergency fund often isn't enough in real life, even if it sounds good on paper The tradeoff between aggressively attacking debt versus keeping meaningful cash reserves for job loss or life emergencies How gambling debt, sports betting, and new “bank-connected” casino tech can quietly wreck your finances Why having cash while still in debt can be a psychological trap—and why zero cash can be just as dangerous Creative ways to pay down car loans faster (without draining your savings) like extra jobs, lump-sum payments, and clear payoff rules Top 3 Takeaways Credit card debt should go first: if you have the cash to kill high-interest consumer debt—especially from gambling—do it quickly before it snowballs. Staying liquid matters: draining a $20,000 cushion down to $1,000 just to slightly lower a truck balance can backfire if you lose your job or get hit with real emergencies. Systems beat vibes: set clear rules (e.g., “everything above X in savings goes to the loan each quarter”) so you can both protect your downside and make real progress on debt. Notable Quotes "If you have credit card debt that lasts beyond a 30-day cycle, you're using it wrong." "When you see cash in your account, you think it's yours—but if you're in debt, by definition, it's not; it belongs to your creditors." "Please don't hook your debit card or bank account up to a slot machine—that's how you go from ‘just having fun' to ‘I'm not going home tonight.'" ✖️✖️✖️✖️
Leave an Amazon Rating or Review for my New York Times Bestselling book, Make Money Easy!Check out the full episode: https://greatness.lnk.to/1568"97% of millionaires believe they control their financial destiny - it's less about money and more about belief." - George KamelGeorge Kamel just shattered every assumption you have about wealthy people. Forget the flashy cars and designer everything - the real millionaires are driving four-year-old used cars and saying no to things they could easily afford. George led the largest study of millionaires ever done in North America, and what he discovered will completely flip your understanding of how wealth actually gets built. These aren't trust fund babies or lottery winners - these are everyday people who cracked a code that most of us are programmed to ignore.What makes this conversation so powerful is how George connects the dots between our instant-gratification culture and why we're financially struggling. He reveals why 97% of millionaires share one crucial belief that separates them from everyone else, and it has nothing to do with their income level. Whether you're making $40,000 or $400,000, these four habits work every single time - if you're willing to embrace delayed gratification in a world that profits from your impatience. Lewis even shares his own story of driving a $4,000 car for five years while having a million in the bank, proving that true wealth builders think completely differently about money than the rest of us.Sign up for the Greatness newsletter: http://www.greatness.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Dave Ramsey and George Kamel answer your questions and discuss: "We're $500K in debt, can we afford new cars?” "My girlfriend will lose her pension if we get married" "How do we pay off $500k of medical debt?" "Is there a limited amount of wealth available?" "My husband keeps refusing to combine finances," "Should we usse our savings to pay off our student loans?" Living paycheck-to-paycheck on $600K a year. Next Steps: ✔️ Help us make the show better. Please take this short survey.
Insurance Agent Reacts to George Kamel's “Agents Will Hate This Video”. Caleb Guilliams breaks down which ones are a waste of money and which one's are actually beneficial for your financial strategy.Want a Life Insurance Policy? Go Here: https://bttr.ly/bw-yt-aa-clarity Want FREE Whole Life Insurance Resources & Education? Go Here: https://bttr.ly/yt-bw-vaultWant Us To Review Your Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-review______________________________________________ Learn More About BetterWealth: https://betterwealth.com====================DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.
In this episode, Ken Coleman sits down with bestselling author and personal finance expert George Kamel. Learn why some of the most common money habits in America actually wind up keeping you broke, and how President Trump's Big Beautiful Bill will impact your wallet. Next Steps: ·
In this week's episode of Cultural Catalysts, Kris sits down with George Kamel, co-host of The Ramsey Show and author of "Breaking Free from Broke." George shares his fascinating journey from growing up in an Arabic evangelical Baptist church to becoming a millionaire by following the Ramsey principles. Together, they explore the biblical perspective on wealth, challenging common misconceptions about money in Christian circles and unpacking the powerful difference between stewardship and ownership. George offers practical wisdom on breaking free from debt, making wise financial decisions, and building true wealth that extends beyond just money. Ready to break free from the chains of our cultural financial system? This conversation will inspire you to take your first steps toward financial freedom! Get Georges Book: https://store.ramseysolutions.com/money/books/breaking-free-from-broke-by-george-kamel/?gad_source=1&gad_campaignid=1380373388&gbraid=0AAAAADHbtLcU33oMrrQ9jOgomiKCbhST1&gclid=Cj0KCQjwm93DBhD_ARIsADR_DjEHF5yDErDFkOyzSyuxov-WgdsDSaLAssWfge8uej-XlXPJSSQPeQkaApBLEALw_wcB Connect with Kris Vallotton: Website: https://www.krisvallotton.com/ Facebook: https://www.facebook.com/kvministries/ Instagram: https://www.instagram.com/kvministries/ X: https://x.com/kvministries Additional Resources by Kris Vallotton: https://shop.bethel.com/collections/kris-vallotton About Kris Vallotton: Kris Vallotton is the Senior Associate Leader of Bethel Church, Redding, and is the Co-Founder of Bethel School of Supernatural Ministry (BSSM) and Spiritual Intelligence Institute. He is also the Founder and President of Moral Revolution and a sought-after international conference speaker. Kris and his wife, Kathy, have trained, developed, and pastored prophetic teams and supernatural schools all over the world.