George Kamel - 23 Minutes of Things Rich People "Know"

Episode Date: November 19, 2025

You ever feel like rich people know something you don’t? Apparently, my producer does, because he searched TikTok for “what rich people know.” And I guess he liked what he saw, because now he’smaking me react to what he found. So, let’s get to it!    Next Steps: • 🎥 Watch my video Money Expert Reacts to Broke TikTokers . . . Again. • 📈 Are you on track with the Baby Steps? Get a free personalized plan. • 💵 Start your free budget today. Download the EveryDollar app! • 📝 Plug your investing numbers into our free calculator. Connect With Our Sponsors:  • Get up to 40% off Cozy Earth with code GEORGE. • Get 20% off when you join DeleteMe. Go to FAIRWINDS Credit Union for an exclusive account bundle!   Explore More From Ramsey Network: 🎙️ The Ramsey Show 🍸 Smart Money Happy Hour 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 💡 The Rachel Cruze Show 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership   Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

You ever feel like rich people know something you don't? Well, apparently my producer Alex does because he searched TikTok for what rich people know. And I guess he liked what he saw because now he's making me react to what he found. Let's get to it. I don't like this guy already. We'll use their own credit to buy shit like. Did you know rich people don't use their own personal credit? We actually create LLCs and buy everything under our LLC and we write everything off and we live our entire lives.

I'm not even, my name ain't Victor. My name's Rancore Ventures. I'd run my entire life through that. Or people that aren't well off, they run everything to their personal credit. They got their house, their cars, their cell phones. Everything's under their personal credit. When you really need to push that over into an LLC

and get the benefits of having a business setup. So it's not that hard to set it up. I got some friends, reach out to me. I got some friends I can teach you how to set up your own LLC and start running your life through that. And all of a sudden your credit score, your personal credit score is gonna go way up and that's gonna allow you to get more business credit.

You want business credit, not personal credit. Okay, punch me in the face. This guy is everything that's wrong with finance TikTok. Don't use your personal credit. Now, I agree with him on one thing. Don't use credit. Whether you're poor or rich, I just wouldn't use credit at all.

So the fact that he's saying, well, poor people use their credit to run their personal expenses through. And what he does, which by the way is not legal, is run everything through an LLC, including his personal expenses and saying it's a business expense. And the other BS he spouted is, I just write everything off, bro. Bro, it's a write off. Like, what in the shit's creek are you even saying, dude? And I don't know why.

I just don't like this vibe. I don't trust it. I don't trust a grown man in a tiny beanie. All right. But I'm going to hard pass on literally anything this guy says. Let's see what's next. Oh, that's funny. Okay.

Caption, when I become rich, I won't tell a word, but there will be signs. And she leaves the ketchup and mustard packets at the restaurant instead of taking them home for free ketchup and mustard packets. Now, I want to see, was that brand name? That looked like good. Dang, that was some Heinz. But it's true. When you're wealthy enough, you're not worried about the free sauce.

You're like, we have sauce at home. I'm trying to think of how many times in life, I was like, man, it would have been nice to have my to-go ketchup. That's pretty unhinged behavior. Although I did know someone growing up who carried a bottle of ketchup around in her purse and would put it on all foods. I'm talking spaghetti. I'm talking pizza. She's unwell.

Next up, when it comes to rich people's stuff. I don't want to be rich so I can have designer things or a really nice car or a gigantic house. I wouldn't be rich that way. If I'm going out to a group dinner, I can pick up the tab. Or if we're going on a family vacation, I can cover the hotels or the airfare. If I want to take my husband on a surprise birthday trip to Australia, a place he's always wanted to go, we can just do that. I can put $10,000 in the account we have my nephew. I can donate to charity. And yes, I would still buy material things. But I want to be able to make a lot of money so I can treat the people I care about in my life to all these

experience and we get to do all of these wonderful things together. That is actually beautiful. Okay, she started with, I don't want to be rich so I can have designer things. She doesn't care about the material. She just wants to be generous. I think that's actually beautiful. And it's a great goal, honestly. When you think about like the reasons why people want to build wealth, a lot of it is just pure vanity. If you ask a 25-year-old bro, why do you want to make a million dollars? Why do you want to have a million bucks? They're going to be like, oh, nice car. That's fine. I'm not mad at you wanting a nice car, but I think you need a deeper purpose in life. And I think if you want some rich meaning and purpose, it's all about generosity.

It's about what that money can do for the people you love, for your community, for organizations you care about, for nonprofits, whatever it is, more than just spending on yourself. Because that will get old real quick. So I think she has a great goal and it's a great reason to want to have a bunch of money is to treat other people. And not as a flex, not to impress them, but just so they don't have to worry about it. and it feels good to give. So I encourage you in your life, give more and see how it makes you feel, see what it does to the people around you. It makes you more attractive.

And I find that successful people are often generous because they're givers. And that's made them more attractive in the marketplace. And so people want to work with them. They're more trustworthy. Moving on. Here's the main thing that I learned as someone who grew up poor, who is now dating and living with someone who grew up with money. I've said it before, and I'll say it again.

Investing is not for the rich. It's how you get rich because rich people don't. work for their money in time, they use their money to create more money. If you are serious about wanting to retire a millionaire and getting yourself out of generational poverty, then there is one concept that you have to familiarize yourself with, and it is compounding interest. Because right now, I can almost guarantee that you are hoarding any little bit of money that you have into a savings account like we've been taught, and it is currently devaluing. A compound interest is the concept where you are not only earning interest on your initial investment, but also on the

interest it generated over time. As a small example, let's say I invest $100 with an average market return of 10%. If this were simple interest, I would only be making $10 every year, as the interest made would only be calculated on my initial investment of $100. But with compounding interest, the first year, I would make $10, but the second year, the interest wouldn't be calculated on the initial $100, rather the $110. But that was like a dumbed-down example using only $100 of your own money in 10 years. Let me give you a more probable scenario of a young adult making a decent amount of money who uses the pay yourself first method. And this is where you'll really start to understand why time actually does equal money. Ben is 20 and he decides that he wants to start investing

$500 a month and he tells his buddy Matt that he should do the same. Matt though wants to live it up in his 20s and he's like we have the time I'll start investing later. So they meet up again 10 years later and Matt tells Ben like hey I think I'm going to start investing how's it going for you? Ben's like you know what I've been doing it a decade I think I'm going to stop right now and I'm just going to let that money grow and see where it takes me. Matt's like bet I'm for sure going to catch up to you because I'm going to start investing $500 a month for the next 35 years. 35 years later, they meet again, compounding interest did its thing, and Matt was able to retire with $1.7 million, with only $200,000 of that being his own money.

But what about Ben? He only invested for 10 years. Surely he'll have less, right? Wrong. Ben will retire with nearly $3.1 million, with only $60,000 of that being his own money. I swear, the best thing you can do for yourself in your 20s is open up a TFSA with a banker broker and tell them that you want to invest in mutual funds and ETFs. All of the profit made in those types of accounts will be tax-free. Make sure you have a small emergency fund, but anything extra, invest it. Your future you will thank you. The best time to start investing was yesterday, second best time, today.

All right, I'm shocked to say this, but I actually agree with pretty much everything she said. I am shocked, shocked, well, not that shocked. Uh, clearly this is a Canadian-based because of the mention of the TFSA. In the States, it would be like a Roth IRA. And she's spot on here. Compound growth is the eighth wonder of the world, and the sooner you can harness the power of it, the better. So starting early makes a huge difference.

If you start 10 years later and you invest more, you might never catch up to your friend that started investing earlier. So the key here is be debt-free first, have the emergency fund, then you can begin investing. And you'll be investing way more than you would be if you're in crippling debt, trying to save, trying to do 17 things at once. So that's the key with becoming debt-free first.

Thank you for that great explanation. In two minutes, she just gave you a master class on investing. Wonderfully done. And also, can I just say, very impressive work doing the makeup while delivering this content. I think it's an unfair advantage for the ladies out there making social media content because I can't be out here doing my makeup. What would that even? What am I supposed to be doing while I deliver this content?

I guess doing my hair, I could just be like, all right, guys. Here's what you want to do. Power of compound growth. You want a heart? It's not giving. It's all I'm going to say about that. Here's how you're going to seem richer than you actually are. Ignore my neck. I just scrubbed it in the shower. I just started working at this very nice, expensive country club. More makeup. There's a lot of new money and there's a lot of old money.

And the difference between old money and new money is really obvious. These are just my observations of what people with money tend to do differently. First thing I noticed that they do is they always introduce themselves first and last name. would never say, hey, I'm Bella. Like, it's always Bella Day, nice to meet you. They always say first and last name. And they say it with a lot of pride and a nice sperm handshake. When you give the first impression that I'm important and my name is important, kind of set the tone for how people view you. The second thing I notice is that they speak slowly, confidently and calmly. This isn't true all the time, but I definitely notice that their speech is much slower and it makes them seem really

sure of themselves. They're not rushing to get through a conversation or need to say something. Most of them seem to be really good listeners. In a conversation, they're not thinking about what they're going to say next. They're genuinely just presently listening to what the other person is saying. Okay, this next tip is a fashion tip, but they do not wear... Planned it girl, planned. Brand logos, like plastered across their purses and their belt. Money talks, but wealth is silent. When I see a woman... woman walk in really high quality, really well-made clothing, very stylish pieces, and there's no logo or brand on anything. I know she's richer than everyone else. I've kind of always said this,

and I was fortunate enough to be educated on it from a really young age, but they all have quite refined palettes. You know what quail eggs are. They know what's in a cosmopolitan. And yeah, a lot of them still do more chips in queso and nachos and things like that. It's not like a pretentious sort of thing, just knowledgeable about food and alcohol. Last thing I notice is that when they walk into a room, they're never on their phone. We're looking down or fumbling with their bag. And I used to think this was just like a coincidence, but after a while of working there, I was like, they're definitely making sure that they're like prepared and put together before they enter the room. And they always enter with their chin up. They look around the room, scan the room, they smile. And they're always

extremely interactive with the bartenders and the staff. Always the really young like vineyard vines boys that have been in there four times and learned what a gemlet is. Things that are always... But the ones that are really, really wealthy are always nice. These are things that, yeah, they're good to convince people you have more money than you do. But it's also just tips on how to come off as more classy and refined. I like this comparison. Okay, old money, new money.

The old money is more quiet wealth. It's not a showy. It's a little more slow moving. It's kind. It's generous. New money. A little bit flashier. More logos.

They want to let you know they're a big deal. And so if I had to lean one way, it would 100% be old money. And don't be desperate. Act like you've been somewhere. Stay off your phone. Don't act like you're in a rush. Yeah, I mean, these are all good tips. I don't know if it's going to help you build wealth,

but it's a good indicator of where you're at in life based on old money and new money. So thank you for that video. Miss Belladane. Firm handshake, full name. And speaking of old money, if you're looking for a gift that wound up being re-gifted, something timeless, something really high quality, look no further than the bamboo

pajama set from Cozy Earth, the sponsor of today's video. These aren't your average stiff department store PJs. These things are buttery soft. They sleep cooler than cotton, and they look way too good for something you nap in. They're perfect for chilly mornings, lazy Sundays, or binging Christmas movies for six hours straight. And right now, you can get up to 40% off when you go to CozyEarth.com slash George and use the promo code George at checkout.

You can also use the link in the description. Make every moment cozy with cozy earth. Let's get back to what I assume is more women doing makeup talking about money stuff. That's apparently what we do on this channel now. Let's talk about things millionists where by that the average person finds ridiculous. Four years ago, I paid to be in this room where every single person is a self-made six-and-seven-figure earner. That's me at the bottom. I noticed the reason why they were able to see so much success is because their plane of thinking is completely different than the average person.

When it comes to investing, most people think about investing in a house, but self-made millionaires think that a house is like one of the worst investments you can make. Until you're making really good money. Because when you buy a house, the house doesn't pay you, you pay the house. So it doesn't even make you money, it's taking money from you for the next 30 years. Ask any millionaire, they'll tell you your first investment should be a cash-rich investment, meaning it makes you as much money as possible and as little time as possible. Like starting your own business.

That way you can use the money you made from your business, Okay, I'm just going to pause you right there. Okay. Cash rich investment that doesn't take you a lot of time, so start a business. Have you met a new entrepreneur, a business? It's 90 hour weeks, lady. I don't know where you got this information or how much you paid to be an influencer at this event, but I don't like this already.

Let's see if you have something good to say. Then buy a property, at that point you're rich enough, where you don't have to worry about not being able to pay mortgage. Another crazy one is most entrepreneurs, don't think that a 9 to 5 is any safer or more secure. When you're in a job, you might have a steady paycheck, but you could get laid off or the business could go bankrupt any day. When you're an entrepreneur, it sounds more risky,

but in reality, you have full control over how much money you make. And there's no way you can fail unless you stop putting in the work. Also, millionaires be credit card debt a completely different way than average people do. Most people are brainwashed into believing that credit card debt is bad. But using credit card isn't bad. Using it to buy a TV is bad. because you're spending money on something that doesn't even make you money back. Millionaires believe that using credit card to buy things that make you money like investing in your business is super smart.

Because then you're leveraging someone else's money to make your own money without ever having to cut into your own savings. Remember ladies, don't just be a rich man's girlfriend, be the rich girlfriend. Don't be a rich man's girlfriend, be the rich girlfriend. Okay, this this whole vibe is like the female version of of finance bro. That makes me want to throw up a little in my mouth. People, how is this 1.4 million likes? Who is this one? Real Hannah Chan, 9 to 5 slave to first million at 26.

Now I show women how to build wealth. Okay. She's got a course about how you can leverage credit card debt to invest in your business, which somehow won't take you any time. And also, you'll never own a home so that you can stay rich because homes cost you money. Got it. To the first point, the house not being an investment.

The house is not going to be like your wealth building tool. What it does is it stabilizes your housing expense. And then what I teach, get rid of the mortgage before you retire. So get a 15-year mortgage, pay it off early. And that way, a decade from when you own that house, you actually own it outright, no mortgage. And if you're going to do investment real estate property, do it in cash. Then you're not worried about the renter paying the mortgage. The mortgage is already paid.

It's pure cash flow at that point outside of your expenses for repairs, maintenance, vacancy, etc., etc. So, all that to say, ignore everything she said if you're a fan of this channel. Didn't like it one bit. Next up, oh, gosh, more. Oh, we're doing our hair. Okay, good. I've started hanging out with rich people in here are the five habits I've learned from hanging out with them. The first thing I noticed from hanging out with rich people is all of these people are hella fit.

We're talking they spend at least 30 minutes in the gym every single day or doing some sort of active movement. They basically know that if they spend 30 minutes a day, that's basically free endorphins. And those chemicals can serve as brain fuel so that they can go out there and make those money moves. They also know that obviously working out is going to make you look your best. And so they just think whenever you go out and cease. Okay, let me skip through this. This is three minutes. What else do we have, Genesis?

The third thing I realized when you know of rich people is that they plan their days to a T. We're talking like if they're trying to make plans with you. They're going to tell you that they have ability for dinner from five, to 6.30, and at 6.30, they're going to say, mw-w-glo-g, goodbye. But that goes into the fourth thing that I've learned about hanging out with rich people, is that they spend at least 30 minutes a day doing some sort of absorbing information

to make themselves better people. This could be a book, a podcast, a YouTube video. They are obsessed with becoming better people, a.k.a. growth mindset. And they are humble enough to know that in order for them to grow, they have to absorb information from other sources, people that are experts in their fields. Okay, we're on to something here. The next thing I notice is that they're extremely.

private. This isn't to say that they're literally not going to tell you anything about their lives. They're going to be very mindful of trying to understand who the freak you are, kind of, what do you offer to the table because everyone that's in their lives needs to provide them value? But they also want to make sure you're not a mother freaking liability. Oh, so they're pretty reserved, and you've got to earn the trust. That you are capable of holding space for them and they surround themselves with people who add value. Okay, I'm going to hit you straight. I actually hung out with Genesis at FinCon, and she's a lovely lady doing great work.

agree with a lot of what she said here. I mean, these are the habits of the rich. Now, do all rich people work out? No, but I think the healthy, successful people who have good relationships, good time management skills, the ones that you would want to emulate, do these kinds of things. And there is something to this. I mean, what are the threads here? They're disciplined people. They have routines. They're not just going to wing it. They are not reactive. They are proactive. They plan things out in advance. They plan what they're gonna do with their money. They plan what they're gonna do with their day.

And because of that, they're just more on it. They're more in control of their life and their money, which then makes them more money and gives them more time. So spot on Genesis and again, thank you for the makeup tutorial. This is, are we, I'm seeing a thread here, Alex. You just wanted to find makeup tutorials that somehow involve money. All right. People who grew up rich won't tell you this,

but I have to fight my way. here so I'm gonna spill all the tea. So did you know that if you start investing $75 a week from the time you're 20 years old until you're 30 for 10 years like literally just 10 years out of your entire life? That is enough to make you financially free like in the sense that you would never have to work for money again. And maybe you're thinking yeah okay to pull how is that possible because I would have only actually saved $39,000 and we all know that that's not enough to make you financially free but because you started early enough okay,

compound interest came in, took over, did its freaking thing, and made you rich that $39,000 turned into $64,000. And that $64,000 grew into over $1.8 million. Okay, let's double check the math here using the Ramsey investment calculator. So she said, and I quote, $75 per week from 20 to 30. So I'm 20. Let's say, okay, this final age is 30 here, 75. times 52 weeks, that's 3,900. So we have zero in the investments. Monthly would be,

75 a week would be around 300 bucks a month. We'll do that. It's a little bit more. Let's see. 325, carry the two. That puts it at, yes, 66,000. Your contributions were 39 grand, but because of the growth on those 10 years, it becomes 66 grand. Now we leave it. Let's say from 30 to 60, we have 66,574 at that point. We contribute nothing after that. And you can see it's 1.3 million by 60, 1.6 million by 62, and by 65, a whopping $2.1 million. That's pretty impressive. And again, it's a great lesson about the power of compound growth.

If you start early, you have a lot of time for compound growth to do its thing. You can see here, with this handy-dandy chart, the hockey state. level growth, right? As you get started, you're like, man, it took years to just crack the six figure mark, but then it doesn't take long to double that. You know, it's about seven more years you've doubled it. And then another seven years, you double that. So 400 to 800 to 1.6. That's pretty impressive growth. So great reminder to get start investing as soon as you can, to get debt free as soon as you can, to get the emergency fund as soon as you can, so you can really start building for the future instead of paying for the past. All right, per usual, we have a

Bonus video that I am completely unaware of that producer Alex has chosen for me. Let's see what it is. I'm a little bit nervous. Send it over. Our Husky's budget line items bigger than our groceries. At least he's comfy. It's clinically insane. And it's what's wrong with America.

That's a real dog. That dog needs more protein than I do. Not than the real humans that live in that. It's a good line. I personally have no issue with this because it's budgeted and I assume they're paying cash and it's not derailing other financial goals. So if they're paying, let's say, $600 a month, for this Husky's needs versus 500 for groceries.

It's their American right. Why do you have anything against America, John? I just, we could, with the money we spend on pet products, we could solve homelessness in the United States. Oh my gosh. This feels like an anti-dog agenda. I have three dogs, and I love them. You know what they eat?

Dog food. I've been in your home. I've never seen a dog. I know, because they don't run my house. I don't have special blankets on my bed. Velvet couch, John. You gotta be careful. Gosh. Okay, that was from Smart Money Happy Hour, a show that I do with my friend Rachel Cruz.

We had Dr. John Deloney on as a guest, and I regret it, because he dogged me for my love of dogs. And before he gets on his high horse, we could solve homelessness with what people use on pet products. Hey, John, what did all those tattoos cost? What's all your hunting gear cost, John? What about all your guitars you have, John? You could have used that to solve homelessness and the water. If that really is your name. I digress.

Did you just throw in there as a conversation grenade to get me angry guys? Golly! What are the comments in favor of me? Oh, a lot of people have hurt me so badly, but my dog, she loved me unconditionally. I would have laid down my life for that girl, thank you. My dogs are my life.

They're all I have and I actually look forward to me coming home. Of course, I'm gonna do the necessary things to prolong their lives as long as I can. I think I win on this one, guys. I think I really want to do. this argument. 1,000% spend more on my dogs than my groceries. He's worth every penny. Quote, dogs are not our whole life, but they make our lives whole. Beautiful quote. Yeah, all right, I think I won that one, John. You're not going to win this one with you could have solved homelessness,

bud. Pipe down. All right, that's enough for today. So until next time, if you see any good videos out there, send them my way on social media and maybe I'll include it in one of these videos. Like this one, where I learned about Hot Girl debt, and I regret it. Give it a click, or do you use the link in the description to watch it next. Don't forget to hit the like button, the subscribe button, and share this video with someone you know who wants to be rich and anyone you know who enjoys watching people apply makeup. Thanks for watching. We'll see you next time.