George Kamel - Money Expert Shocked By Broke TikTokers

Episode Date: April 28, 2025

📈 Are you on track with the Baby Steps? Get a free personalized plan. Some money advice on the internet is so bad, it should come with a warning! ⚠️ In this episode, I react to the wildest TikToks about money traps broke people fall for—and how toavoid them at all costs. Next Steps: • 🎥 Watch my video Why “Finance Experts” Want You to Stop Saving Money. • 💵 Start your free budget today. Download the EveryDollar app! Connect With Our Sponsors: • 🔒 Get 20% off when you join DeleteMe. • 💸 Learn more about opening a high-yield savings account with Laurel Road. 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

Well, broke TikTokers are at it again. My team has rounded up another batch of vids, and this time it's all about broke people. Along the way, you'll hopefully learn some traps broke people fall for, and you'll definitely be shocked at how ridiculous some of these situations are. But before we dive in,

be sure to like this video, subscribe to the channel if you haven't already. We've got to make it to a millie. I don't know why, but they tell me it's important. Someone's life is on the line. What's waiting for me at home is really bad. All right, let's do it. I was on a walk last night

when I remembered something that hit me like a ton of bricks. I signed up for a free trial of a resume builder like a year and a half ago. It was a seven-day free trial followed by a $25 monthly charge, which I've now been paying since the summer of 2023. I used it one time to apply to a job that I didn't even hear back from, and it's been auto-renewing ever since. You might be saying, hey, I don't you check your credit card statement? What am I a athlete?

What am I, a wulf of Wall Street? I pay my credit card in as little amount of time as possible so the number doesn't seem as bad and I can go back to watching Inkmaster. I should make a recipe and include forgets about free trials under special skills. Does anybody need a resume? I have like 29 more days of a resume builder

because they already build me for the next cycle. What a, what a, just a brilliant content creator. Chef's Kiss. I mean, that is, that's Scorsese level production, all right? But the idea here, very relatable. 42% of people have stopped using a subscription service but forgot they were still paying for it. And this is why you got to budget and track your transactions throughout the month. He kind of mentioned, yeah, I kind of look at it, I kind of don't.

And this is one area where you're leaking money every single month if you're not paying attention. And here's a life hack for you. If you don't want to be paying for trials after they run out, use a site like privacy.com to create virtual debit cards that you can set parameters on. So you could say, hey, this can't go about. above a $1 charge, make this card expire, 10 days from now, whatever. And that way you can avoid getting charged month after month, like my boy Max over here. But it sounds like he's really going through it.

And I love the shout out to athletes. Not enough people talking about math athletes. Next up. I am definitely lower middle class and cannot afford a pool. So when a lot of people see us enjoying our pool, they ask, how did you afford that? You don't make no money. And it's the truth. We don't make no money.

So I'm here to teach everybody how you can put a, 60 by 30 in ground pool with no money. Ethically, a lot of y'all aren't going to agree with this, but it's the truth of it. After we've seen the way our finances were dramatically inflated this year, we decided we didn't care no more. We used to keep up with everything. I used to keep up with our credit score or a bank account, make sure everything was real adult and responsible like. But at some point, you come to the conclusion that if they don't care about you, why do you care about them? So what we did is we financed this pool around $60,000. And then, and then, you come to the Then we decided we ain't paying it.

What are you going to do about it? Do they call us every day? Yeah, I tell them. It's right here. Come get it. Where are you waiting for? Yikes. I don't like this at all.

Hard pass. I'm hoping. I'm praying this is parody, but the frightening part is all the people in the comments that are loving this. They're like, yeah, bro. Pool's still there. Let's go. So this is the definition of Yolo.

What are they going to do? Well, they'll sue you, garnish your wages. put a lien on your house, destroy your credit. This whole like stick it to the man routine only works when Jack Black does it with the repressed fifth graders in School of Rock. Who? The man. Oh, you don't know the man?

Doesn't work in real life. And even Jack Black would probably go to jail for his antics in today's world. So while this is funny as a parody video, it frightens me that there are actually people out there who live their life like this, just going, well, just get into debt and just never pay it. And I guess I'll just be talking with a cool voice the rest of my life. Well, yeah, at least you have that going for you. Some of us don't. We have to pay our bills like normal Americans.

I'm Sam O.ie. I got a big old mustache, and it doesn't matter. You can't take my guns away from me. I'm a bona fide American. Again, acting classes, paying off. Not really. Next up in, is this parody, or is it real life? When people say it's not worth paying $800 a year for a credit card,

but don't realize it gives you access to airport lounges like this. The first one looks like a sad, adult lunchable situation with just, I think that's ham. I don't even know what deli meat that really is. I think that's poison. An out-of-order coffee machine, some hard-boiled eggs, an assortment of cheeses in a metal bucket, and the Coors Light.

And then the caution wet floor sign with paper towels overflowing out of the trash. This is the luxury experience you expected. All right, this is giving Fire Fest, but make it Airport Lounge. Yeah. Airport lounges are basically like if the DMV installed a play place with a bar. Would you go into debt for that? Would you go, yeah. Happily pay 800 bucks a year for the privilege of using my Amex car to get to a centurion lounge, my man.

Even the comments are hard oil. Oh, I'm thinking about it. This guy, Greg, said hard-boiled eggs before a flight is diabolical. I'm scared of the person just mainlining hard-boiled eggs before their flight. They got nothing to lose, bro. Next comment, Spirit has a lounge? That's good. LOL priority pass has really gone downhill. Got to get the Amex lounges now.

Okay, I don't want to sully the good name of Amex. I'm sure they would do better than this lounge. But this is just sad that people pay for the privilege. The only thing you're missing out on by sitting at the gate and scrolling on your phone like a normal person is 28% interest that you pay on these cards if you carry a balance. No thank you. I want to stay in control and I don't want to hang out in these weird lounges.

Pass. How long are you guys in the airport? What are you doing? Do you get nine-hour layovers? Just go to where you need to go. Show up on time. Get on your flight. Make it done.

Just be done with this thing. All right. Next up. Hello, everybody. Sir. My first day at McDonald's. I'm looking for a job. Oh, the caption,

me after checking my crypto portfolio, followed by Donald Trump saying it's my first day at McDonald's. But this one's true. The crypto bro. They get real quiet when things aren't going well for them. When it goes down 40%, they have to go back to their normal jobs, which I don't know. I've never asked the fine people at McDonald's if they're into crypto.

I think they're actually smarter than that. But this really is just Mary Kay for young men. The obsession, the hype, the scarcity that you've got to get in now, man. You need this Tupperware. I don't need, I really don't need Tupperware. I don't need essential oils, and I don't need fake money that I can't use today. I have a family. So this is more of a spinning of the roulette wheel than an actual investment.

It's speculation. So I'm not mad. If you want to get into crypto, that's fine. But do it when you've already been investing in retirement and you have some extra fun money that you want to blow. And truthfully, I just really hate losing money. And there's a lot of that happening in the crypto world. I prefer to make money.

I prefer to save money. And if you're looking for somewhere to keep all the money you're saving, I would recommend a high-yield savings account like the one with online bank Laurel Road, a sponsor of today's video. You see, most traditional savings accounts have brought. brick and mortar banks, they grow your money at the rate that I grew in middle school, which is to say, not much. But Laurel Road offers competitive interest rates that will give your savings a much bigger boost.

And best of all, they never hit you with maintenance fees. You can actually hold on to all of your savings. Plus, there's no minimum balance required to open an account, and all of your deposits are FDIC insured. So get started today by going to Laurel Road.com slash George or click the link in the description below. And before we get back to Doom scrolling, let's talk about the fact that your personal info is floating around on data broker sites that are selling it to spammers and scammers. And that's why I use DeleteMe, another sponsor of today's video.

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$155 was spent on dog outfits for a cross-eyed Boston Terrier. $1,035 was sent to Starbucks. $4,500 was given to Target, lining the pockets of Chip and Joanna Gaines, I bet. Okay, get this one. $500 was used to bail somebody out of jail. Actually, that was from my side of the family. We were just helping somebody out. Can we edit that one out?

Sent a sh-ton to Firestone Complete AutoCare for brakes, rotors, and tires. Drive it like you stole it seems to be the motto. $144 for random signs and baskets for around this house that are worthless. I am finding credit cards that she didn't even know she had. I'm going to continue to look line by line at our budget and figure out where to hell our money actually. actually went. Oh my gosh. That is brilliant. Thank you for that, Mark. A lot of truth to that. And here's the caption, if husbands hired Doge to review family spending, I think this would be accurate if you looked at

your own family spending. Now, I usually leave the marriage advice to my friend, Dr. John Deloney, who is my best friend. But I'm going to go ahead and say that it's not a great idea to do a doge-style audit of your spouse's spending. That said, my man has a point. We could all do better with our spending. And if you look closely at your bank account, it's going to just be a long list of the reasons you feel broke. The average American wastes over 1,800 a year on impulse purchases. So if you're going to spend money, do it with intentionality,

do it with a budget that you and your spouse have agreed to. Spitshake. Here's how much we're spending this month on food, on clothes, on fun money, on whatever else. And that way, you can avoid the resentment and frustration that this man is alluding to with his parody video. Let's keep it going. 5 a.m.

Do you wake up a 5? Running. Wow. I'm up at 3. Right. Yeah. Sorry, I mean, 5am is my second run. 3 a.m. First run. Right, there you go. First run. And then... Ice bath.

While I'm in ice bath. Ice bath. Just made 100K. Easy. Trading. Done. Then I do my reading. Crypto. Yes. Right.

An hour of meditation. Affirmations. Affirmations. I am rich. I'm sexy. I am healthy. Five hours. Easy. Then it's 10 a.m. Some people just started a day.

Right. I just built an empire. Do you know what I mean? I'm finished. I'm spent. I've lived my life. Take a little nap. Yes.

Plunge pool. Right. Back out. By 6 p.m. I've birthed three children. By 7, I've created four. That's insane. But you know what? Yeah.

By 8 p.m. By 8 p.m. I've died. Beat that. 9 p.m. resurrection. Right. Ice bath. Right.

Yeah. Oh, I don't know how they even kept a straight face. And I don't know what it is, but the Australian accent makes it so much more funny and so much more charming. But this is how I feel watching most advice on social media from these influencers that apparently I'll wake up at 3 a.m. and have all the time in the world to just do saunas on ice baths all day while making $100,000 in their sleep. Don't know what's going on there. But here's the good news.

You don't need 20-hour days and cryotherapy to build wealth. You just need to be investing consistently over a long period of time. And the jury's still out on the ice bath. Now the sauna I can get behind. The ice bath feels like a flex. Why are they always filming? Why are they always filming themselves? That's the last thing I want to do.

If I'm shirtless getting into water that should scientifically kill me within seconds, I'm only filming it for insurance purposes. That's it. Not to post on my Instagram and be like, Rising grind guys, 3 a.m. What's up? It's your boy. Stop.

Nobody wants to see that. Not even your wife wants to see that. But my guess is these guys are not. They're not married. They're not doing well. So thank you for this video. Life coaches do be like. 100%.

All right, as is tradition, our final video is one that producer Alex has sent me just now, and he said, it's something that you should know about. Good information to have. And let's see what he sent today. Here are five dog breeds

as a veterinarian I'd never own. French bulldog. No. French bulldog. No. French bulldog. You're rude. French bulldog.

Stop it. Don't... French Bulldog. Hey, Dr. Emily King, enough out of you. No one asked you for the dog breeds you'd never own. I don't need that negative energy in my life. Also, the caption, the fifth dog breed is a crazy one. They're all crazy.

This is ministry to me. I take care of broken dogs. And they go, why do you get... Adopt, don't shop. They're broken when I get them. I'm fixing them as I speak. I'm doing the most. Can you imagine if I adopted one that was broken and then broken again?

I don't know why. I enjoy pain in my life, and that's why I own a French bulldog. I like to wipe their butts. I like the flat faces that can't breathe. I like that their hips aren't even like joined to their legs. I love to use the word dysplasia in conversation to look important. And those hips, don't lie.

I got 300,000 likes on that video. Get out of your golden doodle owners. Same people who order white chocolate mocas. You don't like coffee. You just want sugar in your life in the morning. It's okay to admit that. I'm calling it a day. But luckily for you, the party doesn't have to stop.

So keep watching to see me react to financial experts trying to explain why saving money is dumb. It's as dumb as it sounds. You got to watch this one. I'll also drop a link in the description below. Thanks for watching. We'll see you next time.