George Kamel - I Asked People in Beverly Hills If They're Rich

Episode Date: June 1, 2026

📊 Check out the Investment Calculator!    Welcome to Beverly Hills, the place everyone wants to be. But can everyone actually afford it? Today, I hit Rodeo Drive to find out who’s truly rich and who’s just really good at looking the part.    Next Steps: • 🎥 Watch my video I Asked People If They're Rich (Beverly Hills)! • 💵 Start your free budget today. Download the EveryDollar app! • 📈 Are you on track with the Baby Steps? Get a free personalized plan.   Connect With Our Sponsors: • Get up to 20% off Cozy Earth with code GEORGE. • Get 20% off when you join DeleteMe. • Go to Boost Mobile to switch today!  • 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 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership   Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Today I'm in Beverly Hills, the place where Weezer told us, but can everyone actually afford to be here? That is the question. And we're headed to the epicenter of expensive Rodeo Drive to ask people one simple question that is actually pretty complicated. Are you rich? Before we get to it, shout out to delete me for allowing me to interrupt all these shopping sprees.

Let's go. Here's the question of the day. Are you rich? I am big. What would you consider rich? Like, why do you say that? I say every day to my class that health as well. You get rich when you are healthy and that is the realest thing that you can ever tell someone

What do you do for a living? My fitness instructor. Okay, that's full time? Yes. Is that like a local spot here? What kind of fitness? Um, yoga sculpt yoga and strength fitness. Do you do that like vinyasa stuff?

Oh yeah, you would love vinyasa. Like the power flow and high yoga? Yeah. Wait, why is there no cold yoga? Because who wants to do that? Your muscles are tense when it's cold. You want to do that. That makes it harder. I want to challenge.

Yeah, well, yeah, and you're more limber when your body's heated. I want to stay tense. Oh, baby, poor you. That's how I live my life. On the edge. I do have a woman. Well, she needs to do something about that. She's working on it.

I'm getting roasted in this interview. Do you have any debt currently? Everyone has debt. Who's everyone? Everyone in this whole time has debt. I don't have any. Oh, baby. Yes, you do.

Everyone has debt. Why would I lie to you? Do you have a credit card? I don't even own a credit card. Oh, well then you don't have debt, but that's how you get credit and that's how you buy things. Why would I need credit if I don't have debt? Isn't the point of credit to get more debt? No, I don't think so.

I think the rich utilizes debt and credit in order to get more things. It's, you can use it. Debt is not always a bad word unless you are underneath it, you know, but... You're on top of the debt. What kind of debt do you currently have? Bills, you gotta pay your bills. That's school one, Sally Mae. I'm just waiting on the right president to give us that leeway.

I think you have a better chance of becoming a billionaire than a president for giving student loan debt. Well, 100%. Why not? You're welcome. So no plans to pay off the student loan debt. No, I ain't paying it. What degree did you get? I didn't get one.

That's why I'm like, I don't want to pay it all. You didn't finish and now you're just angry. I was just there for the fun of it. It was fun. Exactly. What's the balance of the student loans now that you're hoping to get forgiven? That's not that bad because I did pay some of it off. But then I was like, like, back that.

I think it's like around 20 grand. 20 grand. Okay, any other? I'm worse. But they're finding a way. Good for them. I will find a way. Any other debt that you want to speak of?

No, that's it. Honestly, I'm just student loans. Yeah. No credit card debt, no car payment. Oh, man, we got a car payment, but that's nothing. That's lease. Is that debt? Oh, you lease.

Well, a lease is a contract. that you'll make the payment. So it's a debt in that you owe the money. You're not getting out of it. She's good. I told you my all debt is bad debt. Good debt. What kind of car?

People want to know what you're driving. I'm a Tesla. What kind? Why? Tesla, because it drives itself. I don't really. Is it the model Y? Is it the mid-sized SUV?

No, it's the car. It's the model S? I don't know. It's a low car. It's a low car. It's not the big one. It's a sedan. It drives itself and that comes in handy.

100% for a bunch of things, especially car concerts. Car concerts? Singing with your hands. Oh, I've never tried that. I gotta do it next time I'm in the car. You gotta wear really dark shades so the video doesn't read your eyes that you're not looking directly at the thing. You're giving me all the hacks now next time I get in my car. This is great.

It's a letter. I did that. I don't have that kind of rhythm. that kind of rhythm. Even what you just did right there would have hurt me. Thank you for talking with us. This has been really fun. I appreciate your time. Thank you so much. Question of the day today. Are you rich? I'm not rich. What do you consider rich? Well, I'm rich in spirit. That's a start. You got to start somewhere. But the pockets aren't up there just yet. Okay. What would make you feel rich? Is there a number in a bank account, an income level?

I shoot high, so maybe like six figs a month. A month. That would make you feel rich. A year wouldn't do it. Nah, for sure. You're not even touching it. Not with your lifestyle or what? Just not with how, yeah, exactly, how I operate in my lifestyle.

How much have you spent or planned to spend today on Rodeo Drive? Probably just like 50 bucks. What can you even buy here for $50? Food. Air one. Air one. Get you two. strawberries at Airwant. Exactly. And I plan on eating a lot at Airwans. Those are good strawberries.

I'm not going to lie. How much do you have in savings right now? Like liquid savings, if you had to buy something? That's confidential. Okay. Is it, you have savings, though? I do. I do. Okay, okay. Let's talk about investing. Are you doing any investing right now? I have some money in S&P and Tesla. And then I also have money into a high-yield savings with Capital One. and I also have a Roth IRA. Nice, good for you. Okay, how long you've been investing for? About, I say, three years, four years.

All right. How old are you now? I'm 23. That's impressive. So who taught you all the stuff that at 19, 20 years old, you're already building wealth? Just research, just following the right stuff on social media, you know? Don't brain ride yourself with cartoons and just silly stuff. You put the right stuff on your social media, then you'll learn a lot.

You get the algorithm dialed in. Do you have any debt right now? I do not. No debt whatsoever. No debt. Is that a value of yours to be debt free and stay debt free? For sure. Has that helped you launch this business with more peace and less risk?

It has because all the money that I've been earning I could put it in my pocket. I won't have to pay for anything else other than my business. So yes, not having debt is non-headic. I love that. Well, at 23, you're crushing it. Do you calculate your network? Do you track that kind of stuff? I do not, not yet.

Do you know if you're a millionaire yet? Not yet, but in spirit, yes. We're working on it. Okay, what is the net worth that you have as a goal? Is there something in mind? Like, man, if I'm worth this much, I've made it by all standards. I honestly think that there's unlimited money to be made, so I don't really have a goal. I'm just trying to set my family up for success, and then that's when I'll know I make it.

Are you living around here right now? around here right now? I live in West Hollywood, yes. Okay, what does it cost to rent a place in West Hollywood these days? I have a one bedroom for 3,500. Woo! That's gotta be a swanky place though. Yeah, yeah, it's a nice place. This isn't like your run-of-the-mill apartment complex. No, no, I was looking for a good place with good amenities, so I had to pay the high.

Nice. And you're doing the business full-time right now? Full-time. That's impressive. Well, best of luck, man. That's awesome. Are you rich? I am not rich, no, but I will become rich, hopefully. Okay, how old are you? I'm 23. Oh, you got plenty of time.

Yeah. Okay, what do you consider rich today? I say in today's age, you see, I say having at least six figures in your savings would be considered rich. And having over, I'd say, another six figures in investments as well would be considered, I'd say, rich. What about income? What about income? What would be rich as far as income goes? As far as income, I say 200k and up would be, I've considered rich or like medium class to high class.

Okay. How far are you on the path there? I'm still pretty far, you know. Yeah, I'm still under the six-figure mark, you know, and I'm working my way up to, I'd say at least six figures within the next six months, maybe. Do you have any debt? I do have some debt, yes. What kind? Credit card debt.

All credit card debt. And I also do have a... Car loan, student loan. Yeah. I have a car loan, and I also have, like, two credit cards that I have to pay off. Okay. What's the total balance of all the debt? Total balance of all the debt.

I'd say it's around... Oh, with car loan, too? Yeah. Everything. car loan itself, I did a fat down payment, so I have about 35K in that one left. And then credit cards, I say it's around 10,000, so 45K. 45K total. What's the car? It's an Audi SQ5. So do you think you got that car to like to kind of play the role? Like, when did you get this car? So I actually had a coaching business last year. I was, because I do social media as well.

And in a coaching business, I was making a good amount of money, right, as well as I was also a bartender. So I combine both of my incomes, right? I'd say I was averaging actually over six figures last year. And then my coaching business took a hit, you know. It was due to the fact that I found a girlfriend and I just lost track of everything, right? You know how it is. When you fall in love, you lose track of, like, things you do, right? Your goals, you kind of let go of them.

You were spending willy-nilly to impress this girl. I was, yeah. And then my coaching business took a hit, my income slowed down. I was making good enough money to be able to, like, you know, afford the car. and I purchased it as kind of like as a gift to myself for what I've accomplished. You know what I'm saying? Oh, okay. So what's the car payment every month?

The car payment every month, I'd say it's going to be $6,610? $610. And you can comfortably afford that right now? Right now? Yes, I can, yeah. Okay, but what if something shifted? What if, like, you got laid off? Then I would not be able to afford that, actually.

I mean, I would have to go through my savings and that would be an issue. How much do you have in savings right now? Right now in savings, I have like, not a lot, probably like, seven grand, six grand. So you probably go through that in about a month at this rate. Oh, easy, yeah. What's your rent cost out here? I live rent-free. Oh, how'd you accomplish that?

What's the life hack? Family? I'd say find a good company that really values you, and then they'll pay for all your expenses. That is wild. I don't think anyone values me that much to pay for all of my expenses. Isn't that the point of the salary? Oh, I'm not on salary. salary, I'm more on a month to month basis, like hourly.

Commission or what? It's a mix of, it's a mix of a little of different things. So like it's based on how much I put in, I get, I get out. So like it's not a fixed, it's not a fixed rate. Got it. Is that making any investing right now? I am actually, yes. I do have a few investments in stocks like, you know,

Nvidia, Apple, Microsoft. But I don't really have much in it. I probably have like seven grand, six grand, five grand. Are you doing a certain amount per month or just like if you have some extra money? Well, right now, I'm in a pretty tough. pretty tough spot, I'd say. So I'm just trying to like, you know, get out of my debt first, and then I'll get back into investments. Where are you doing this investing? Like, is it an app or what? It's on Weble. Okay, so you've got the app and you're doing single stocks only right now.

Single stocks, yeah, but I want to get into trading. Like day trading? Swing trading. What is that? It's like you buy options, like, you know, contracts of like you're pretty much betting if the price is going to go up or down through contracts. And then like, you get a return based off of that. So like let's say it goes up, you buy a call, you can get a certain percentage return. It's more volatile, right? More risky, but there's a bigger return on the best It's riskier than day trading. It is. Oh, no. Day trading is way riskier than swing trading. Oh, got it. Okay, so swing trading is a step down. Yeah. Now, what's the difference between that and just gambling? I say there's no difference of anything. I mean, it sounds cooler.

You don't sound like a, you know, a gambling addict when you say, oh, I'm a swing trader. Yeah, I mean, I'm not a swing trader yet, but I want to get into it. But I don't know if it's a idea, you know. Doesn't that stress you out? It does thinking about it. It's a lot of money on the line that you could lose instantly. Yeah, it is. And I know this because I used to day trade back then, like three years ago, and I blew all my money. So you touch the hot stove and now you're like, I'll touch a less hot stove. I could still get burned badly, but. Yeah, I say it's worth a shot, you know. It's nice to take risks in life, you know, and not have, not live life, wondering what if, you know. Okay. Well, let's do some math before we end here. So you said your car payment is $610,

$50-something? What was it? Six-10, $6.15 around there. So this is the investment calculator. You said you're 23 years old? Yeah. All right. What time, what age you want to retire, do you think? I'd say, I say I want to, I'm very ambitious, right? I want to retire by the age of 30 to 33. Well, that's stupid. You're not going to do anything for the rest of your life at 33. I mean, I can live off of just some type of business, right? A guy who thrives on ambition and success gives up at 33. You think that's realistic? I say it's very realistic, yeah, nowadays. There's a lot. kids that are making over six figures through just online stores, e-commerce, as well as content creation.

I've seen it. I have friends that are doing it right now, and I feel like it's... When you say you've seen it, you said you saw them talk about it on social media peddling a course to convince you to do it too. I've actually met people in person, how they already have sufficient amount of savings, right? Like over six figures in their accounts, and all they do is just late videos, and they get a lot of brand deals through those videos, right? You're saying it's easy to just make videos online and become rich? Now it is, yes, it actually is, I believe so. We're going to crunch the numbers here. Let me go to a realistic age to where you're investing your whole life, right?

Because you're going to invest forever, like, you know, in your working career. So let's say we're going to go to 60, 23 to 60. All right, that's 37 years of investing. And let's say you start with nothing. Now you told me you got seven grand already. Let's say you started from scratch, and you're going to put that $6.15 into that account. And we're going to put it into the stock market into an S&P 500 index fund or a mutual fund. So not a single stock, but a group of stocks, like 200 plus stocks, that way were diversified, a little less risky.

Yeah, okay. What we've seen is about a 10% return over several, several decades in the stock market, in the S&P 500, right? Yeah. So I'm going to go 10% return, hit Calculate for me. All right, calculates. There you go. What's that number? 2,000, or 2,865,7005.

How does that hit you? If you traded that car payment for investing and then never stopped and just had cash cars. That's nice. That's not nice. I'm not going to lie. Because that car is worth what after 10 years? Probably like... Under 10K, under 5K. Yeah. It's scrapped for parts.

Literally, yeah. But those investments, man, that's how you really live your life. Yeah, it really is. You buy pretty much whatever car you want in cash when you've got $2.8 million sitting there. Give myself that Lambo that I want in Lamborghini. Does that change your mind at all after we had this conversation about how you handle your money? It definitely does, yeah. And this is very needed because I'm trying to actually turn my life around, you know, financially.

So the fact that you're here right now, it's, it's, it's, it's, it's, The universe telling me that I need to fix a couple of things, tweak out a little things, you know. Some call me the debt-free angel. Yeah? So my debt's gone, if I look right now. Look in my eyes. Yes.

While most people are out here flaunting their designer brands and logos, I'm more of a quiet luxury guy myself, stealth wealth, if you will. And that's why I love Cozy Earth, a sponsor of today's episode. They make amazing luxury clothing that feels so good, you'll never want to take it off. Can I interest? you in the jogger set to start off, my good sir, or perhaps the lakehouse clogs made of 100%

Italian wool. I love it all and so will you. And right now you can get up to 20% off when you go to cozyearth.com slash George and use promo code George at checkout. We'll get back to window shopping on Rodeo Drive in just a second. But first, did you know that spammers and scammers are window shopping your personal info as we speak? And they are breaking that window and it's so much easier than you think because of these data broker sites. And that's why I love Delete Me, a sponsor of today's episode. They scour hundreds of these data broker sites to remove your personal info to help protect you against spam, scams, fraud, fishing, you name it. And they'll even send you a custom report showing you exactly where they removed your info from

and how much time they've saved you, which allows you more time to go window shopping. So go check it out for yourself and get 20% off their annual plans at joindeleteme.com slash George. All right. Tell us your first name. Alt1. Adam. Very different. For guys who look very similar, very different names. Okay, is that a French name? What is that? Yeah, it's a French name. Yeah, from Quebec, Canada. Oh, lovely. You're both from Canada? Yep, we are. Okay, what are you doing here?

Just doing a bike, like cycling training camp. A training camp? Is that what you do professionally? No. Yeah, I've raised professionally for quite a couple of years, and now kind of getting into more of the work career mode and we work together, we design bicycles. Design bikes for a living. Yeah. So you guys really know bikes? Yeah, yeah. Well, I'm not going to quiz you. I'm not going to quiz you. I'm not going to quiz you today, but I could. I could. Okay, the question of the day, are you rich? No. Potentially, whatever rich means. I'd say I'm rich.

The squishy answer. Well, rich in money. Yeah, sure. I'm living well. What does that mean then? When you say you're rich, is that a number in the bank account? Is it net worth? I'd say it's a way of life. So right now I'm able to live comfortably. I don't really have to really worry about what I'm spending on. I can kind of live and enjoy myself, going some trips, you know, go out for dinners, buy some fun things. So to me, that's living well. That's kind of being rich. What income does that take in Canada where you are? Definitely the Canadian dollar is not doing as well as the American dollar right now. But I'd say if you're over, you know, maybe $60,000, $70,000, I think you're living quite

comfortably and you're doing well. Do you guys? Well, in mortgage. So that would be... A mortgage. Okay, but no consumer debt? No. Okay, how about you? Nope, no debt. How old are you guys? I'm 29. 27. This is amazing. You guys are very mature for 27 and 29 year olds to be completely debt free with and own a home in Canada. Yeah, well, I mean, I guess we've, like we have a great family, so they are supporting us, so that's a good thing.

Yeah, likewise, I think just make smart choices. Schooling is definitely not as expensive as Canada as it is in the United States as well. So my parents have been able to support me, put some money away when I was born, to support with getting through college and university. So that really sort of supports us and myself from when I finish. I had no debt so I can kind of start working into my career and start out that debt-free. What did you guys study? Mechanical engineering. Marketing.

And you both have the same job now? Well, I'm bike designer, so I'm doing the engineering side. Oh, he's the marketing? Yeah, marketing and product manager. Is this like your bike company? Who's running this thing? We are 30 employees in Quebec, so it's a bigger employee than just like. Is it a Canadian bike company or do you guys do a lot of state side stuff?

It's consulting, so we are working for big bike companies. Yeah, multiple bike companies. Very cool. Okay, are you spending any money today on Rodeo Drive? Probably only on food, not on those things, but yeah. How much you? Yeah, just some coffee, some snacks, but no fancy bits from... People watching for you?

Yeah, I mean, it was just like we were here to do some cycling, and then we wanted just to spend some time, so... What are your financial goals? I mean, it's just to be able to... retire at some point and be able to keep the same way of living. So that would be the main goal. But at the same time, your lifestyle after you're done working. Yeah. So yeah. Yeah. Likewise, just maintain living, keep improving year after year and yeah, living a good lifestyle. Do you know your net worths? Like, have you calculated and tracked your net worth to like,

know, hey, I'm a millionaire now, like on paper between my mortgage and my investments? Well, the price of houses in Quebec are not that eye, so I'm not a millionaire. But yeah, I keep track of that just to make should my goal will be achieved around like 55 years old. Nice. Okay, how about you? Yeah, about the same. So yeah, maybe around 60. Plan to start thinking about retirement right around that point and yeah, living well.

To you guys. Thanks for chatting with us. Well, that was interesting. Most people don't consider themselves rich no matter how wealthy they actually are because the goal post is always moving. They're discontent with what they have and there always needs to be a little more income,

a little more stuff for them to feel like they've quote unquote made it. And the people who did feel secure, well, they didn't have debt. They were comfortable with their lifestyle and they weren't looking around comparing themselves to others. That is the key to becoming wealthy. Just stay laser focused on your goals and you will build wealth that actually matters to you.

So if you want to check your own net worth to see if you are rich or not, you can use the net worth calculator that I will link in the description below. Thanks for watching. We'll see you next time.