George Kamel - Classy or Trashy Lifestyle (How Do You Compare?)

Episode Date: December 2, 2024

💵 Start your free budget today. Download the EveryDollar app!  Multiple Range Rovers in the driveway? Classy. Multiple rusty clunkers? Junkyard. In today’s episode, I’m responding to your best answers to the Reddit question, “What’s trashy if you’re poor and classy if you’re rich?”   Next Steps:  🎥 Watch my video Budgeting for Beginners | The Only Budgeting Method You Need to Worry About!  🎥 Watch my video Emergency Funds 101: You’re Screwed If You Don’t Have One.  🎥 Watch my video Best Way to Pay Off Debt Fast (That Actually Works).  📗 Order my new book, Breaking Free From Broke.  Connect With Our Sponsors:  🔒 Get 20% off when you join DeleteMe.  💸 Learn more about opening a high-yield savings account with Laurel Road.  📱 Visit Tello for more details.    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  💼 The Ken Coleman Show  📈 EntreLeadership    Ramsey Solutions Privacy Policy  Learn more about your ad choices. Visit megaphone.fm/adchoices

Remember 2016, a lot happened that year. The Chicago Cubs won the World Series after 108 years of not winning it. We all heard the term Brexit way too much. And Twitter user Anna Samway stirred up some comedy gold on the internet. She posed a question, what's considered trashy if you're poor, but classy if you're rich? And the responses were frankly hilarious. Recently this question resurfaced on Reddit, and once again, people's answers did not disappoint. Possibly because there's a little bit of truth to some of these.

So in today's video, we're going to take a look at some of the best response is to the question, what's trashy if you're poor and classy if you're rich? And we're going to see, we're just going to try and see if there's anything we can learn from these observations, other than the fact that people on Reddit are, they need help. They need friendship, they need community, and they need to get off Reddit. No, I don't think I will. But first, you know what's classy, whether you're rich or poor? Smashing those like and subscribe buttons. Yeah. And while you're at it, go ahead and share this with all your classy friends who are on a first name basis with a judge and your trashy friends

who are also on a first name basis with a judge. I remember you. Okay, things that are considered trashy if you're broke, but classy if you're rich. Multiple cars in front of your house. I think the condition of the cars matters here. You got multiple old junky cars that don't run? That could be a broke person's house. You got multiple luxury cars that are running just fine.

That's a rich person with too much money on their hands. But hey, no shame as long as you paid cash. You got payments on any of those cars. I got problems, all right? But that one is true. see a lot of cars in front of someone's house. I got questions. Are they throwing a party? And why am I not invited to the party? Are you in loser denial or something? Next up, what's classy if you're rich and trashy if you're broke? Not having a job. All right, so here's the thinking behind this one.

If you're rich and you don't have a job, it's socially acceptable. You know, you get daddy's trust fund. Why bother to work? You know, just sit around doing rich people stuff, making YouTube videos crashing Lamborghinis or whatever you do. Working on the skincare routine, trying to get that regimen tight, maybe just counting dollar bills, swimming in a... pool of gold coins, I don't know. But if you're poor and you don't have a job, people consider you a bum. And I feel like that's unfair,

because I'd rather hang with the broke people than some of these rich hoity-toity entitled brats any day. One banana, Michael. What could it cost? $10? Next up, what's classy if you're rich and trashy if you're broke? Drinking a ton of wine.

Now, hear me out. I'm not anti-drinking. I'm also not going to sit here and condone it. But I don't think drinking a ton of wine is ever really classy. But I see what they're saying here. Okay, rich people do be love in a 2014 Chateau Chival Blanc.

But if you're broke and you're guzzling that fronzias, sunset, blush, pink, boxed wine. Not so classy. Box wine gets a bad rap, but it can be great, okay? And technically, it's not boxed. It's bagged. Next up, what's classy if you're rich and trashy if you're broke? Exotic pet ownership. Okay.

Maybe this is classy, but I don't think it should be. I can't help but think about our friend Tiger King. There's not much classy about that guy or the world about exotic pet ownership based on that document. But then again, think about it this way. Jasmine, in the movie Aladdin, she owned a tiger and she was rich. Different style there, both tiger owners. They went very separate ways.

Either way, pet ownership is expensive, okay? And I understand that we all love our pets. But exotic pets, I feel like we just stop. Stop it. Get some help. We don't need to own reptiles and tigers and snakes. And I don't recommend it, especially if you don't have the bank account to stomach the cost of some of the stuff. And it is animal abuse if you can't take care of.

your pets. I don't care what you say. Are we clear? Next up, what is classy if you're rich but trashy if you're broke? Not paying taxes. Shots were fired on this one. But this is a good one. Okay, the ultra wealthy usually have access to financial advisors and accountants who can help them minimize tax liabilities through things like tax deductions, credits, loopholes,

and offshore tax havens. Now, in the other hand, low-income individuals might not pay federal income taxes because of other things like tax credits, deductions, exemptions, or simply because their income falls below the taxable threshold. But they're still going to have to pay some taxes, like sales tax, property tax if they own a home, payroll taxes, and various state and local taxes. So this one's not totally accurate on either side, but I get the sentiment behind it. Next up, lazy soup 2430 said this. What's classy if you're rich and trashy if you're poor? Gambling. Okay, this one, this one I agree with. Wealthy people might be, you know, gambling on different things, like horses at Churchill

Downs. That seems classier than buying the scratch off at the gas station. But it's all gambling at the end of the day, maybe at different scales. You know, buying a $5 scratch off every day versus betting 10 grand on the horse, those are different scales. But they can both lead you to make poor financial decisions, get you a little starry-eyed at the money that could be made, and leave you broke. And just because it's socially acceptable doesn't make it classier gambling. And I'm looking at you sports betters, with your free wagers and fan duel and whatnot, none of it is fine with me. Now, if you want to go to Vegas with $100 to spend from your envelope of cash and you budgeted for it, that's okay. But we should. We should.

see too many people getting addicted to gambling and even mobile apps now with gaming, it can be super easy to get addicted and spend money you don't have. And those are, uh, it's a terrible recipe. You don't want that. So stay away. Next up, what is classy if you're rich and trashy if you're broke? Money from the government. When you're already wealthy, they call these subsidies and bailouts. But when you're broke, they call them handouts and then you're stigmatized as being lazy. Again, it feels a little unfair. Unfair. Unfair. Unfair. Yeah, unfair, unfair. Next up, what is classy if you're rich and trashy if you're broke? Police escorts.

It turns out it's all about why the police are escorting you. That makes all the difference. When the wealthy do it, it's for security and convenience and it makes them feel powerful. If you've got a police escort for any other reason, it's probably a more unpleasant situation. I'm just going to leave it there. Moving on. All right, we got a good one coming up. You don't want to miss it.

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Okay, I don't know why. I like Florida. There's some classy things about it, and there's also some trashy things about it. And if you need proof, just search Florida Man plus your birthday, and I guarantee you you're going to have a good time with whatever article pops up.

In fact, let's try it. Florida Man hits 180 miles an hour during historic police chase. You're number one, Florida, for at least that world record. Congratulations. You plagued yourself. Next up, what is classy if you're rich

and trashy if you're poor, outdoor furniture. Now, big caveat here. I think the key question is, was the furniture made to be outdoor furniture? Or is that just a normal couch you have on the lawn? That's distressing. Very different. What's classy if you're rich and trashy if you're broke? Dressing casual for a formal event.

Yeah, this one is interesting. You know, a lot of judgment here, unless you're super wealthy, then you're making a fashion statement. Looking at you, Bieber. As a side note, guys wearing T-shirts or blazers, I think we're done with that one, too. Unless you're Ryan Gosling, keep scrolling past the T-shirt and Blazer move. Okay, you can't pull it off.

You can't. Don't even try. Last but not least, what's classy if you're rich and trashy if you're broke? Cheese as a meal. This one hits. Charcoterie board? Classy. Craft singles? Not so much.

Here's why. Here's a fun fact for you. Craft singles aren't even legally considered cheese. Look at that label, my friends. Pasturized, processed cheese food. Now, Valvita, on the other hand, is a Southern Delicacy, and don't you say a bad word about it? Respect the cheese.

Okay, those are pretty funny and there's a lot of truth to them. But why does this question keep coming back up every few years? Why do people keep answering with comedy gold? Well, at the heart of it, I think some people see this as a fun opportunity to be clever, jump at the chance to make people laugh, maybe get some likes and views and get some engagement going. But I also think some people see it as an opportunity to call out the absurd behavior of the upper and or lower class. And because some of these are making fun of both, it feels socially acceptable. And we like that we can have a good laugh about it without feeling too bad about ourselves.

It's also an entertaining way for people to shine a light on what they perceive as a double standard. The fact that the same habits and behaviors are perceived differently based on how much money people have or their social status. So on one hand, the whole thing highlights the gap between the rich and the poor. Yes. But on the other hand, it also shows that we're a lot more alike than you might think. Turns out wine and sweats are a great combo, no matter how much money you have. But listen, if you're seriously struggling to make ends meet, you might not find all these too funny. If you've got tons of debt, you've been living paycheck to paycheck, you know that the struggle is real.

So how do you break this cycle? How do you go from people of Walmart to People Magazine? Well, it's less about your sweatpants and more about how you manage your money. So the first thing you got to do, if you want to break the cycle and join the wealthy crowd, is you've got to get on a budget. Once you start paying attention to your money, you got to get a starter emergency fund of $1,000 really fast, then ditch all the consumer debt as fast as you can using the debt snowball method. Now, I've made in-depth videos on budgeting, how to get the emergency,

fun in place and the debt snowball, and I'll link all of those below if you want to check them out. Now, sometimes you also need to increase your income. That's a huge part of this equation. We always say that your income is your greatest wealth-building tool. Now, if you're working 40 hours a week and you can't just go jump ship tomorrow, maybe you can get a side hustle, work overtime, or do some freelance work in order to bring in some more income. There's so many side hustles out there today, like driving for Uber, you can take family portraits if you got a camera, tutor online, clean houses, sell baked goods, babysit, babysit, dog sit, you name There's all kinds of things you can do to bring in more income fast.

And sometimes you do just need a better paying job, a better long-term career in order to build wealth and get out of these cycles. And I just want to call out. All of this is easier said than done. A lot of people feel stuck due to real systemic issues. There's generational cycles of poverty and debt that have been in the family. And if that's you, I want to encourage you. It could end with you. You could be the first one in your family to break the chains of debt, to change your family tree and leave a legacy that you're proud of.

And whatever you do, don't lose hope. I know it's hard, I know it might take longer than other people, but you can break the cycle, you can take control of your finances, and you can have more money and more margin in your life. Hope you guys enjoyed this video. If you'd like to be able to afford more wine or exotic pets, for that matter, be sure to check out my new book, Breaking Free from Broke, the ultimate guide to more money and less stress.

You can get your copy with the link in the description below. As always, be sure to subscribe to the channel, like this video, and share it with all of your friends, especially the ones who are somehow both rich and trashy. who you are. Two words. Leopard Print. Thanks for watching. See you next time.