George Kamel - Awkward Money Conversations with Strangers

Episode Date: April 3, 2024

💵 Sign up for EveryDollar today. Create a free budget!  When the big spender wants to split the check evenly, things can get a bit uncomfortable. Today I’m headed to the streets to see how people handle awkward money situations, and you’ll learn a few tips about how to navigate the murky waters of social uncertainty. Next Steps  📗 Order George Kamel’s new book, Breaking Free From Broke.  💸 Watch: Money Mistakes That Won’t Stay In Vegas (youtube.com)   Offers From Today's Sponsors  This episode is sponsored by DeleteMe. 🔒 Remove your personal information from the web at JoinDeleteMe.com/George and use code GEORGE for 20% off. 🙌    🎙️ The Ramsey Show    🍸 Smart Money Happy Hour  💡 The Rachel Cruze Show  💸 The Ramsey Show Highlights  🧠 The Dr. John Delony Show  💼 The Ken Coleman Show  📈 The EntreLeadership Podcast     Ramsey Solutions Privacy Policy  Learn more about your ad choices. Visit megaphone.fm/adchoices

We've all been there. Someone brings up money and things get awkward. No, Chad, I don't want to split the appetizers. You ate every blooming part of that onion. You pay for it. Why you always pick it on me? What did I do to you? Anyway, these uncomfortable money convoes pop up more often than Joanna Gaines face at Target. So what do you say when they happen? Well, today, I'm going to head to the streets of Nashville to see how people handle awkward money situations, and I'll dish out a few tips to help them navigate those murky waters of social uncertainty.

But first, make sure you subscribe to the channel, like this video, and share it with anyone you know who orders nachos, cheese sticks, pickle chips, tater skins, contra fritters, and a whole charcutory board and then says, let's split the tisers, bro. Let's make it easy. Because that guy is the worst. No hard feelings, but I hate you. Not joking. Bye. All right, let's hit the streets before I get too worked up about this. Where are you guys from? Near Toronto, Canada. Wonderful. Okay, well, good thing. Awkwardness is universal across all countries.

Yeah. So we're going to talk about awkward money conversations and how you would respond. All right? Perfect. You ready for it? I love it. I'm the cashier at the grocery store.

You're checking out and I say, hey, would you mind donating an extra dollar to help the kids? Absolutely not. Yes. You're doing it. I'm doing it. How about you? Yeah, I would do it.

I just kind of stir them in the eye and just click the red button, no? Wow. Such a power move. For the kids, I would do anything. For the dogs, $2. Wow. So the dogs even more than the kids? Well, kids can get a job.

Oh. Your coworkers are talking about salary and comp studies, and they ask you, what are they paying you? I don't feel comfortable sharing that. I love that. I don't think I would say my salary unless I knew it was probably higher than theirs. So let's say that you go, hey, I'm making $55,000. And they go, how long have you been here? I've been here 10 years.

I don't make $55,000. What do you say? Just got to work harder, do better, I guess. Oh. None of your business. Oh, I like that straight up. Direct eye contact. I'm nervous now.

Do you just tell them? I would tell them. Salary transparency among the next generation. And then I would ask too, I would be like, what are you getting paid? Since I told you, you have to tell me. Your friend says, hey, man, can you spot me $100? I'm getting paid a Friday. I'll get you back.

Yeah, I could probably pull that up. You'd say, all right, sure. What if it's like less than a close friend? Absolutely not. Someone you know, but it's not like a BFF. I wouldn't even do it for like my sister. Hold up. wait a minute, something ain't right.

I say, oh, darn, I can't spot you this time. Catch me next time? Catch me next time? I don't know. I would probably say yes to a good friend. Probably trying to dodge it if it's not a good friend. Okay. I've done it for good friends.

I've definitely loaded money out to good friends. Would you let me borrow $100? I've got 50 cents. We can start with that. Okay, now two weeks later, you gave the friend the money. Payday is long come and gone. You see him again at work. Do you confront?

How do you confront them? I would definitely confront them and ask, hey, where's that 100 bucks I let you borrow? Straight up. Straight up. This woman is ruthless. Oh, I would say Venmo request. Like hit that request.

You hit the Remind button? Yeah. It's like a Venmo request, a text. And a text and really badgered them. Yeah. I like that. They badgered you for the hundred bucks. Yeah, so I got a badgered.

Are you going to ask us for a hundred bucks? No. Is that where this is going? No, I wouldn't go to you guys. I would go, you know what I mean? No offense. Offense taken! You're out with friends.

You get two drinks. They get five drinks. Waiter comes over and they go, oh, we'll just split the bill evenly. Again, it goes back to, like, are they really good friends? If so, what goes around comes around. Like, it always ends up.

Next time we're getting seven drinks. I'm going to get ten drinks next time. I would probably just split the bill and be easy with it because we do that all the time with my friends and that's just what we do. Even if they got double the stuff you did. Yeah, because one night I ordered like, a salad with chicken and they all ordered filet mignon.

And you still split the bill? And I split the bill. You got screwed on that deal. I got screwed. And you're okay with it. I was okay with it. Yeah, no, I'm not concerned either. I went out with my friends one night and we just, you know, split one.

We all bought around and then each of us just took our turns and we called it, called it a deal. Just called it good. Yeah. She got screwed on that night. Wow. Yeah. Yeah.

You're on a first date and the guy asked you, hey, what's your credit score? I would probably lie, to be honest. If it's a first date, I would lie and just say something like really good. Like, I'd be like, yeah, I have a great kind of score, actually. Nice. Don't worry about it. Don't worry about it. It's a first date.

I Googled you on the first date. I googled you. I know what you did. Go on. You glanced over at your friend's tip and notice they tipped a dollar on a $20 tab. They're bad tippers. How do you confront them? I don't think I would confront them.

You go, that's their business. I probably wouldn't go to dinner with them again. Oh, I like that. How about you? I'd probably judge them, you know, and think in my head and be like, dang, like, that's pretty low. But you never say anything to them? No, I don't think I would say anything. Do you need my glasses?

I don't think you saw that great. Oh, I like that. You know, maybe they saw something I didn't. That's why they're tipping that way. But if I like the service, maybe I add a little bit more to my tip to cover it. Oh, that's a very nice thing to do. And you say sorry about my friend. Yeah, I would, like, I'm not with a little note.

I like that. You get asked to be a bridesmaid in your third wedding for the year, and you know it's going to be another $1,500 to float all the expenses. What do you say? I mean, if it was someone I was close to you, I'd be honest. But if it was someone who I was like, why am I being your rides me? I would probably, like, why am I being asked this? I don't say no, I do it.

You just do it? Yeah. And go into debt for it? Yeah. That idea is just the worst. How about you? No way. If I don't have the money to do it,

something is broken. Okay, but what do you tell the guy? Fingers, something. I've got plenty of hand injuries. You're lying? Yeah. Oh, absolutely, 100%. So you're going to be like, I broke my finger?

I can't do it. Your friends, they want you to come see the Maroon 5 concert, and there's a nightcap at Dave and Busters, but you know, they're not paying for it. You can't afford to keep up with their spending habits. What do you do when you get that invite? David Busters, who wants to pass that up? You can't pass up the nightcap at Dave and Busters. A little D&B.

I mean, one who's going to see Maroon 5. Thank you. That's what I'm saying. I'd absolutely go into death for Dave and Busters. Let's go. Wow. This should be an ad for Davenbusters. That was it.

He said he would go into debt for Davenbusters. That's how much he loves it. With a friend. But you wouldn't go to a wedding for a friend. Look, there's a difference. Tell me an honest. I don't know how to dance. I know how to play Pac-Man.

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yourself all year long. Join Deleteme.com slash George. All right, back to harassing strangers. So you're the cashier now and you're asking me if I want to donate to the kit. You know, Okay, and I'm the guy at the register trying to just pay and get out of there. Hi, it's 1995, but if you could round up or give us another dollar, you could donate a dollar to this Children's Network event. Oh, that sounds lovely, but I've actually already planned out all my donations this year. Oh, but it's only a dollar. You could do one dollar.

Oh, I know, you know, a dollar these days with inflation. We'll just round it up. It'll be perfect. Maybe next time. I'm good. Thank you, though. I appreciate your honesty. Thank you.

Okay, you ask me. Let's say you're the coworker who was getting a little nosy in my business. How much do you make a year? Not enough. Not enough. Good answer. Good answer. I play it off and we move on with our day.

Good answer. I like that. Can I borrow 100 bucks? Oh my goodness. What's it for? What's going on? It's emergency. What kind of emergency area?

Is everything okay? My kid got stranded. Okay. If I wanted to say yes, here's what I would say. You know what? I'm just going to gift it to you. If you want to pay it forward, that's great. But don't worry about it.

I would pay you back. I think. You asked me to be the first. Bridesmaid, I can't afford it. Try me out. George, I would love for you to be my bridesmaid. Oh my goodness, that is so thoughtful. Okay, I got to be honest with you. Like, I would totally love to be a part of your big day.

I just legitimately cannot afford it. Like, I've been to three weddings this year. I'm broke. I'm trying to pay off debt. But girl, I'm going to support you in every way I can, and I will be cheering you on your big day. All right, well, then I guess you're missing out. I guess you're missing out on the big wedding.

I'll be following your Snapchat. I'll be seeing what the girls are up to. Can't wait. All right. That sounds good. How do I do, Mom? You did great. You did great. That's how you do it. Are you a Dave Ramsey fan?

No. Oh. Sorry. Am I? All right, next. Are you Dave Ramsey? I'm Dave Ramsey. This is undercover boss.

Well, that was fun and awkward, and it's less awkward here in the studio in a controlled environment where I can only talk to a camera lens. It's not awkward at all. This is the totally normal thing for a grown man to do. That was weird. Okay, so I've given you some specific things you can say and do to handle potentially awkward money situations. But this really all comes down to having good boundaries and learning to say no in a healthy way, which is a key part of mental and relational health and also a key part of building wealth. And this isn't just telling others no.

You've got to know how to tell yourself no if you're going to reach your money goals. This is called delayed gratification and being an adult. And speaking of awkward money conversations, check out this video to watch me ask strangers what really happened in Vegas. financially. And as always, make sure to like, subscribe, and share this video with your friends who are awkward even when you're not talking about money. They know who they are, and you know who they are,

and they're probably mouth breathing over your shoulder right now. Thanks for watching. We'll see you next time.