George Kamel - Real Estate, Trump, and The Fed | Millionaires In Cars Getting Coffee with Iced Coffee Hour

Episode Date: September 5, 2025

📈 Are you on track with the Baby Steps? Get a free personalized plan. In today’s installment of Millionaires in Cars Getting Coffee, I’ll be joined for the third time by my friend . . . and foe in some regards . . . Graham Stephan. We’ll be talking everything housing market, crypto,gold, and whether Graham is charging his wife per flush.    Next Steps: • 🎥 Watch my video Millionaires in Cars Getting Coffee With Dr. John Delony. • 💵 Start your free budget today. Download the EveryDollar app! • 🎧 Check out Graham and Jack on The Iced Coffee Hour.   Connect With Our Sponsors: • Get 20% off when you join DeleteMe. • Get up to 40% off Cozy Earth with code GEORGE. • 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

What do you think about Trump calling on the Fed to cut rates? I would be seriously concerned if they bent to the knee. The Federal Reserve should remain independent and not be influenced by outside forces. And I do believe it's inappropriate for the president to be calling for the Fed to cut rates. Well, it makes him look good. Yeah, but he's a showman. What's going to happen? Because you have two options.

One is that people do not lose faith in the government and the United States. Rates are lower and money just calms in. The flip side to that is what's your? latest, you know, take on what's happening with the housing market? Is it shifting into a buyer's market? What do you expect over the next year or two? Yeah, it really depends on the market. Prior to 2020. It's 10 properties or you're a loser. Now you can be a loser without owning any property. You could be to still be a loser, owning three properties. These are rich people problems. Is the housing market finally about to break? Could home ownership become a little more

affordable within the next year or are things about to get worse for buyers? To help me answer that question. I'll be joined in the Tesla today for the third time by my friend and foe in some regards Graham Stephan. We're going to talk everything, housing market, crypto, gold, and whether Graham is charging his wife per flush. It's all coming up in today's installment of Millionaires and Cars getting coffee. Graham, what's up, dude? Yo! Long time no talk. I know. How you been? How's it going? Good. We brought the heat to Tennessee. I brought the heat. You bring the thunder. I brought the heat. I bring the heat. I bring the heat. Are you ready for this?

I'm ready. You are now a record-breaking guest. You're a third time on Millionaires and Cars Getting Coffee. No guest has done with the three-peat. No, it's been two, I thought. Well, you would think. But time, I think. I don't know, roll the tapes.

So I thought because you're a frugal guy, you never spend money on coffee. And so I thought, let me treat the guy. Oh, my gosh. To some of the world's best coffee. Graham, welcome back to Millionaires and Cars getting coffee. Thank you so much. All right, what's new with you since we last? talked. You got married. Yeah, got married. How's that going? Great. No regrets. No regrets.

From her side either. No, hopefully not. Is it everything you hoped and dream for? Everything. How is she settling into this new life of frugality and freedom? She's used to it. There's nothing new. I have not changed. I've not changed. Let's talk housing market. Sure. What's your latest, you know, take on what's happening with the housing market? Is it shifting into a buyer's market? What do you expect over the next year or two? Yeah, it really depends on the market. It really depends on the you have places like Austin that are down 20, 25% for the peak. You have places in Florida, Miami got hit pretty hard. But those areas also went up so much.

So the hypey markets are becoming less hype, and every other market is still staying relatively expensive. So I don't know. When I look at buying right now, it's just very few opportunities makes sense to me. So you're telling people, hey, you should probably rent right now in most markets? Yeah, like I look at the numbers. I know you don't like this with the whole credit card aspect,

the mortgage aspect, but I look at the numbers and I say, okay, what makes the most sense right now financially? And when I look at the cost of buying versus renting, to me, it's just like the cost seems to make the most sense renting. Unless you're planning to live there long term and you're planning to put down roots or it's an emotional decision and you love the house, and you don't care, that's fine.

But when you're looking mathematically, it seems like renting is a super-term, as a superior option throughout most of the country right now. You heard it here first. Maybe second. I don't know. But it's funny, you know, when I say that, people say, oh, it's the landlord that's telling people to rent. But when I was saying to buy, people said, oh, it's the real estate agent that's telling people to buy. Sounds like we get a bunch of winters out there.

And it's just, there's no winning. It's just like I have zero financial interest in whatever people do. It doesn't matter to me. You're just supporting the mathematical facts. You're the most logical person I know. I try to be. It's just whatever saves me. money. If I were to look at getting a place, I would probably be a renter, which I never thought I

would say. Let's say you're debt free with an emergency fund. You have a down payment. You're like, I'm still probably going to rent right now. Is that where you're at? I look at the numbers. So I determine what is my cost of rent? How long am I going to be here for? If I'm planning to be in this house for 20 or 30 years, I'm probably going to buy. But if I say, well, I know I'm going to be here for five to 10 years, the cost of renting is this, the cost of owning is this. here's my opportunity cost of a down payment. Here's what a premium I'm paying for basically, I'm stuck in this, a liquid asset,

and I can't really freely move. What's the cost of that? And I determine, okay, what's going to be cheaper? And then if they're about even, then I put a bit of a premium on the flexibility of just being able to move. What about, you're saying 20 to 30 years. A lot of Gen Z millennials, they plan on moving,

or maybe they don't plan on it, but it just happens. Very few people are going to stay planted for 30 years. But I am concerned about the golden handcuffs of these low interest rates where people are doing, it doesn't make sense to move. I have a 2.675 rate. Why would I ever move? People who planned on this being their starter home, now it's their forever home. But they don't want to give up that house.

So it's a very weird market. It's a weird one because if interest rates come back down, if interest rates get to about in the threes, anybody with a 2.8 says, okay, I'm fine, giving this up. I don't mind. but you risk then reinvigorating the housing market and causing a brand new frenzy. So I don't know? Which if there is a frenzy, don't you think prices would go up? They could.

With a lot of demand? Very well could. Yikes. Okay. So you don't have a lot of high hopes. I just don't see it. I just don't. It's hard for me to wrap my mind around.

Real estate's all I've done. And I've been such a huge proponent. But you haven't bought real estate lately. Not since 2020. 2020 was the last time I bought real estate. Oh, no plans in the future. Are you just done for now? Yeah, so I look daily. I look on the market daily. I would say I will buy real estate if I find a deal that makes a ton of sense. Because, you know, Dave always says real estate, the money is made on the deal up front, not on the cash flow later on.

True. The money is made with the value that you add to a property. So if you want to make money in commercial real estate, you buy a place that's empty or that's been neglected, mismanaged, and you turn it around and you improve cash flow. Like, that's the tried and true method. And then you sell it and you 1031 into another property where you can start the process over again. You add the value. You shouldn't be buying just for cash flow. But then you see a TikTok that says you should have 10 properties by the time you're 30 or else you're a loser. Yeah. Well, you know what that used to be the case prior to 2020 is 10 properties or you're a loser.

Yeah. But now it's changed. Now you could, you know, you can be a loser without owning any property. You could be still be a loser, owning three properties. Yeah. I've seen the grad card. own clips. One day they hate me, the next day they love me, and both days I get paid. What do you think about Trump calling on the Fed to cut rates? Like, he's kind of putting pressure

here. Do you think it'll actually happen? Will they, you know, bend the knee and go, all right, fine, here's your rate cut. I would be seriously concerned if they, if they bent to the knee. I mean, I'm in the belief that the Federal Reserve should remain independent and not be influenced by outside forces, and I do believe it's inappropriate for the president to be calling for the Fed to cut rates. Well, it makes him look good. Yeah, yeah, but he's a showman. I mean, the thing is, at the end of the, he's an entertainer. He's a showman. Someone say the greatest showman. So come join your circus. You clearly have a flare for show business. But he's good at getting attention, and he's good at getting people to talk about him constantly. And I get why he wants lower interest

rates. I understand it. But like, you have to have stability within the Federal Reserve and the U.S. economy. Otherwise, no one's going to take you seriously. So I get why he's doing it. I understand his motives, but Feds hopefully not going to bend to the knee. But in May of 2026, you know whoever he appoints, he's going to say, hey, I'll put you in charge of the Federal Reserve, but you better do what I say. And that's what we don't know. Are they going to just cut rates? Put a yes man in that spot. What's going to happen? Because you have two options. One is that people do not lose faith in the government and the United States. Rates are lowered and money just comes in. The flip side to that is people do lose faith and rates skyrocket because no one's buying

U.S. Treasuries anymore because they don't have conviction in the dollar. So let's talk about that. The whole thing of like fiat money and the U.S. dollar is going to crumble so we should all go buy crypto and gold. What we've now seen is in times of fear in the economy, crypto and gold are up. They're up higher than the S&P 500 year to date. What are your thoughts on all of that? Should people be moving all their assets to crypto and gold? No, no, not all assets. Like for me, I think my allocation is about 15% to Ibit. It's the Bitcoin ETF.

I would be concerned if that grows to more than 25, 30%, the most. But I'm also at a point where, hey, if that goes to zero, it's not going to change anything. You still have a very strong cash position. How much of your total net worth portfolio is in cash right? 20%. Wow, which is sizable. I mean, that's still millions. It is, but it's to a level where, yes, it could be optimized, but that's also my, like, whatever happens, I could bounce on an opportunity or it's there if needed.

So, like, that is my sleep at night fund where, hey, if the market does drop 50%, I could swoop in. If a good deal comes up, I could swoop in. If, for whatever is needed, I got it. So how much gold do you own currently? Oh, gosh. under, I mean, it's a very small percentage. I do own some gold, and I do own some silver. Physical gold?

Physical. Okay, it's not like a gold ETA. No, no, no. You like physical gold. It's in a safe, we're not going to share your address. Yeah, I mean. But you have it on your person. Not on me right now.

You do bars? No, no, no, no. I like old, like, numismatic coins, a collectible coins, but I've been into coins for a long time. You're a coin man. There's old, like, Indian... What are you? rare collectibles these days because you have some like Pokemon cards you've got a lot going on

none of those are real like these are fun to put on the wall you know but none of those are considered that valuable yeah like like the uncut sheet that i it's they're art pieces to me they're just things that you wouldn't really let go of someone asked to offer me listen everything is for sale at the right price and i'll buy anything for the right like your tesla roadster What you tried to pitch me on. I will not be sold. At the right price, here's the thing, at the right price you would buy it. The right price would have to be you taking a huge loss.

Okay, so there is a price. And there is a price that I would sell it. Anything. You offered me a price for anything. Hey, make me an offer. You were like pitching it to the YouTube one. Has anyone made you an offer? I got about 10 emails from that.

Wow. But people were like, how much? No, no, no, no one made me an offer. Everyone's like how much. Oh, they want to know how much. I just want an offer. Give me an offer on the car. Yeah. And then I'll say yes or not to it. Is that a negotiation tactic?

Is you don't want to be the first to put a number out there? Yeah, because I don't know if I want to sell it. Like let's just say hypothetically. I'm throwing on a, let's say a hundred grand. And someone says, all right, Graham, here's the hundred. I don't know if I sell it. But if someone's just like, hey, here's this. It's on the table. Then I'm like, eh, I'll weigh the options.

Okay. Make him an offer, people. He needs to offload that thing. There is a price for everything that I'm married now. So his wife is like, what are you doing with this toy sitting there? Just collecting dust. Anything. I'll sell it for the right price.

I like it. All right. We're at Sonic. Cool. I thought you'd enjoy this very analog experience here. What's your drink of choice? I feel like I just get a coffee, right? I see something with nerds in it.

I'm not, yeah, no way. Where's the calories on this thing? Do you think people actually look at the calories and change their order based on that? I always do. I look at the calories and I'm like, I could get that and save 300 calories. and when you equate 300 calories to 20 minutes on a treadmill. So you look at this like finances. I can save calories.

Like it feels good to save money, feels good to save calories. 100%. So are you a zero sugar drink kind of guy then? Yeah, yeah. If I can cut down sugar to zero, I would. All right. Except for sugars and fruits. Well, I'm going to live a little.

All right, let's increase this dad bot and get the old pickle reed of slush. Oh, my goodness. Jack Selby from Ice Coffee Hour? Here you go. Wow, nothing like hot coffee in 100 degrees. Yeah, I make. to get iced, but I accidentally got the hot coffee. Wait, Jack, could you go in there and just ask for an iced?

No. What do you mean, no? No, they didn't pay me enough to do that. You can share my pickle read to slash. No, no, Jack, you just go in there and say, excuse me, I meant to say ice. You go in there and say that. You can go in to Sonic? I thought that was illegal.

Right to jail, right away. Can you actually go in there? If you go in, aren't you just like in the kitchen? I want it. You're iced? I want an ice. Get this guy in ice coffee. I mean, you have a show called iced coffee or not hot coffee hour.

Let me go get two cups of ice. All right. Here we can get an extra straw too. We can do a little... A few moments later. God bless. Jack, welcome. Thanks.

I can't believe you're working at a Sonic because ice coffee are not going well. No, it's going well. I just like to do this on the weekends. Just, you know, stay abreast. Supplement my own. It's a side quest. Do you do the roller skates for the extra money per hour?

Yeah. Honestly, you'd crush it down here. It's a tip economy, so. I would not be shocked to see you in a Vegas Sonic for a publicity stunt. Probably just looking for attention. We'll get back to my conversation with Graham and Jack in just a second. But first, I want to tell you about my friends at Fairwind's Credit Union,

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it's hard to do that when you're constantly bombarded by clever scams designed to drain your wallet, which is becoming way too common these days. And it's why I use a service called Delete Me, which is another sponsor, of today's video. Here's what they do. They scour the internet for these data broker websites that have your information that are selling it to these spammers and scammers, and they remove it from hundreds of these websites to help keep you safe online. And they even send you

customized reports every few months showing you exactly where they've removed your data and how much time they've saved you. And so far, they've removed me from hundreds of websites saving me a hundred hours of time. And for that, I'm grateful. If you want them to do the same for you, go check them out. Go to join delete me.com slash George for 20% off their annual plans or click the link in the description below. All right, let's get back to the conversation. All right, Jack, now that you're here, let's talk, Shop. You okay with that?

Let's hear it. Let's get into the headlines here. DoorDash partners with Klarna to offer U.S. customers even more convenience with flexible payments. What do you guys think about this partnership? Are they a sponsor of you? No. It's sound, you almost made it sound like that it was a sponsor.

No, no, no, no, no. DoorDash should be... They wouldn't be... Down below in the description. The only way they'd be a sponsor is because I'm... telling people to go drive for DoorDash, not use it for consumption. Do I think that it's good that DoorDash and Klarna partnered together? I think, you know, it's whatever.

I'm more of like a free market proponent, so I think it's fine. I won't be using it, and I would, you know, if I saw my friends using it, I would probably shun them publicly. Wow. You'd shun a friend. Of course. How else are you supposed to make progress? For putting a burrito on payments.

Yes. If you put a burrito on payments, then, I mean, are you listening? to me when I'm talking? Well, it's, you know, zero percent unless you miss the payment, there's late fees. It can trigger up to, you know, 30 percent interest. It's crazy, some of these companies. So it's no way no. Okay, next one. Half of parents with adult children are giving them regular financial support an average of nearly $1,500 a month. That's a lot of money. What are your thoughts on this? I think it's about adult children. What range is that? Because I think it's different if you're 18 or 19 or you're in college. Let's say adult children are in their 20s.

Like 25 or 21? 25, 28. Okay, I would say the cutoff should be about 24. Because I feel like throughout college, I get it if they're going to school. If they move back after college for a year or so, they're getting their bearings, they're, you know, maybe trying to get a job. They're saving up a bit. I understand that. So you're giving them a year safety net.

Beyond that, you've got to move out? No. You can live with that. Yeah. Until when? I see an issue. I think it just depends on that person. Like, if they're bumming around playing video games, I would kick them out so fast.

But if they're doing something and they're working, they're saying like, hey, I'm able to save X amount by living at home and doing this. And you get along with your parents and you enjoy it. I don't see the issue. It's a very Americanized thing to, like, kick out the kids at 18. But if they're lazy and they're not working and they're bumming around, they're hanging out with their buddies, drinking and smoking, then, gosh, cut them off. Yeah, get out, Jack. Stop bombing off your parents. When did you guys move out of your parents?

20? It's 22, 21? How about you? If college counts, because I, I immediately after college, or during college, I guess, when I dropped out, I moved in with Graham. So I haven't lived with my parents since I was probably 20. I would consider Graham a parental figure in your life, though. I feel like I'm a little bit more of the parent in this. Is that true?

What does Graham have to say about that? I don't know what I have to say? I don't know. Yeah, you know what? Sometimes Jack will have a dessert in front of me and Jack will say, oh, I don't he. eat that. That's actually true. Yeah, yeah. Yeah, he gives me, what do you call it, like, not eminent domain, but he gives me executive control over his, over his food. Power of attorney. Yeah, power of attorney. If I get something and Jackson's like, dude, don't get that. Like,

what are you doing? So you would consider him your accountability partner. We both keep each other accountable. Yeah. All right, let's move on to this headline. Americans believe they will need $1.26 million to retire comfortably. Is that a fair number? I think it's a fair number. You know, it's so context-dependent where you live, what kind of a life you want. 1.26 is a great amount of money, though. I will say. So people would say, a million dollars won't even get you far. Depends if you have a paid-off house, what your lifestyle is.

Are you living in, like, San Francisco, or are you living, you know, in Nashville? That's still pretty high. Nashville's good. I contend that if you follow the Ramsey plan to a T, a million bucks gets you very far. I agree. But if you're high in the hog, you're in a lot of debt, you still got a big work. It could be difficult to retire forever. Yeah, it depends on the, if you're supporting like three kids in private school, you know, you have high medical expenses, a house that's not paid off.

If you want a very simple life, no luxury goods, then I would say, yeah, like a million, a million two is. Do you guys have your number? Like what is your, I could retire comfortably, never work a day in my life. I could live off my nest egg if it was this number. Four million for me. All right. We got four. We got five, we got five, we got five, we got five.

Probably ten. Probably ten is the, you know. He's over double your expenses. What about you? I could do it off 1.26. No problems. I live a pretty frugal life. See, I could do it.

I could do it off 500 grand. I mean, I don't need much, but do I want to? Probably not. So I'd rather have more. Is it luxury vacations all the time? Is it every membership and subscription known to man? George, what are the things that you splurge on? Like luxury goods that you don't mind spend?

It's really for my family and my dogs. There's nothing I would splurge on for myself. What's the most expensive you've ever taken your wife? Like, most expensive date you've taken your wife on. That date? That date? Probably like maybe $350, like a nice high-end restaurant. That's pretty good.

But here's the thing. I'm always disappointed. I've never had a $350 experience that I thought that was worth $350. I actually agree with you. The service is a little lackluster. The steak was a little... you know, and you kind of went for the hype of it. So I've had better meals at a $100 price point.

So that's where I kind of get a little mift at these pricey restaurants. I generally agree with you. If you go to like very, like, expensive restaurants, usually the portions are a little smaller and it's hard to be super thrilled when you feel like the more you pay, the less you get. Yeah. So the stuff I splurge on is really like our house. Like we both value an aesthetically pleasing home with great features.

and, you know, the epoxy garage floor. That's the stuff where I'm like, okay, I'm willing to spend on that, but I'll still do the Bogo when we're out to eat. What's the last financial disagreement you had with your wife? Oga. Probably house-related on something that she wanted to do, like, you know, furnishing the house with draperies and curtains. I'm like, I don't know why we need this.

These are very expensive. So it's usually house-related for us. And who gets, does one person get the final say, or is it based on conviction? Generally, we find a compromise. Either we'll do it, but not all of it. Or we'll do it, but I'm going to find a better deal and get three different bids. Is she usually the one that wants to spend more and you're usually a little more tight with your wallet?

It's weird. Sometimes it flip-flops. Sometimes I'm like, hey, we should do this. And she's like, ah, it feels like a lot. But I don't know. We are currently out of car wash, by the way. So we are going to play a little game I call Car Wash Confessional. Okay. Where we, as we go through the car wash, we're going to do a lightning round question.

where you guys confess answers. Is this you just like taking people through your daily chores and you're trying to like kill two birds with one stone? Yeah, I gotta go to the dry cleaner. You get financial advice, go through the drive-thru, get the car washed. I'm excited.

This is the most amount of people that have ever been through a car wash. That's funny. Just pick up the kids from school. Just three dudes in the car wash. All right, I'm kind of nervous. All right. All right, well, you ever get nervous

when they're trying to direct you? All right, here we go. I have a special mic for this. Are you ready to do? play car wash confessional? It's car neutral? I hope so. We're moving.

All right, here's some hypotheticals as we go through the car wash. Would you rather have an $850 credit score forever or $500,000 in cash right now? $500,000 cash right now. Wow, okay. $500,000 cash right now. That just proves it. They hate credit scores and they know it's a sham too. Yeah, if you said $50,000, it would be different now.

Okay, the amount of money did it for it. It's getting very loud. It's getting very loud. All right. For Graham, would you rather lose your... your real estate license for a year or pay for Starbucks every morning for a year. Lose my real estate license. You'd rather lose your...

I don't have one anymore. I gave it up. You gave it up for the YouTube lifestyle. Okay, that was an easy one for you. Would you rather have perfect timing in the stock market or in the real estate market? Stock market. Stock market. You wouldn't want a 2008 crisis and you're stacked with millions of dollars?

No, stocks. Yeah, perfect timing in stocks? Oh, that's way easier. Yeah, way easier. Less to manage. Less hassle factor. That was a no brain. Okay.

Here we go. I can't read the question. Oh, my gosh, I'm getting nervous. All right. Would you rather have the jobs you have now or be a successful rock star? Oh, that's a tough one. Graham just had a flashback to his days as a drummer, didn't you?

How successful are we talking? I'm talking about you're filling arenas. I'd fill arenas. I mean, if we're filling arenas, I would do that. Would you guys ever be in a band together? Yeah, I would do it. Yeah. What would you play?

I would do piano or I'd sing. Can you do both well? No. What can you still do? Drums, piano. Drums, piano. It's going to be a heavy piano band. Probably too much.

What genre could you agree on? I think like a chili pepper is five. I would do that. I would do that. I would do that. I think that genre would still sell today? I do. If the music's good enough, it'll sell.

All right, last one. Would you rather fight 100 duck-sized horses or one horse-sized duck? 100-horse-sized, wait, wait, what is it? 100-duck-sized horses. I do 100 duck-sized horses. Okay, so tiny... Tiny ones. Tiny horses.

I can have a tiny horse. I'm the same, yeah. What about you? I think visually, it's way funnier to have the duck-sized horses. and I don't know that I could take a horse-sized duck. You know what I mean? I don't think I could. That's huge.

Like, that would do damage if it one hit. Once they hit your ankles and there's a hundred of them, you're done. Just kick them. Either way, I'm a dead man. I'm not going to have the confidence to fight them off. You can jump, you could stop. You could do a lot. One flamethrowers.

Oh, now we have flame? I didn't know we had weapons. That changes the gate. I thought it was just hand-to-hand combat. One hand grenade. All right, I don't know why I'm still holding this mic. We are long done with this car wash. That was pretty good experience.

That's great. Good car wash. I feel clean already. All right. Can we talk latest financial regrets? You guys want to confess any of that? Mm-hmm. What do you do, Jack?

It sounds like Jack has taken the brunt of the regret lately. So I had been increasing my income over the past couple of years, but I kept the same saving rate, not saving rate, investing rate. Percentage-percentage. And so my-percentage-wise. No, it was never percentage. It was just a fixed amount per month. Okay. And so I was making more investment.

the same and then my savings ended up building up to too much cash and so then I just like dumped it all into the market and that was in January. At the peak, at the peak. It was actually the very hour. It was the peak of the market before tariffs. My average cost was the peak of the market. So you've so far lost money? No, it's gone up since then. But I was down like, I don't want to say the amount. Temporarily. But like a stupid, stupid amount. Millions of dollars. No, no. But the markets come back. I mean, they don't call you paper hands, Selby. Exactly. You know?

Yeah. Do they? I don't know what they call them. They used to call me paper hands. It's been a long time. They called them that. Okay. That's a good regret.

So you put all your money in the market and got a little spooked. Yeah. But it's come back. But it would be. You didn't lose because you never sold. Sure. The gains would have been a lot higher, though. Had I just bought like a normal person?

Had you waited? Had I waited? Or had you bought like a normal person? Yeah. I don't think anything about you screams normal person. Oh, that's just sweet of you, George. Yeah. I mean that in a kind way.

All right. Any regrets for you? Man, I just recently covered them. I'm trying to think of anything else that I didn't. That was a good video. You shared about losing money on your Tesla Roadster, losing money on single stocks. You got out of single stocks completely a few years back.

Very proud of you. That's a very mature moment. I was worried about posting that video, to be honest with you. Just because I didn't want people to think that I'm some idiot. And I was like, but people do think you're an idiot. But I don't think the YouTube audience are the ones you're concerned about. But yeah. It's just, you know, in a big picture, that makes up just a percentage that was not meant to be something that, you know, I put a lot of weight on, but still it sucks to, all of those could have been easily avoided.

Okay. Sticking with index. You were telling me that you wanted to buy a bunch of Robin Hood stock and you missed the boat on that. And you were also telling me something about Bitcoin when it took that dip and you're like, I know it's going to recover. And you didn't buy it and then it went back up. When was this? Like within the past month for both? I don't remember the Bitcoin bit.

I remember when Bitcoin hit like 80, 70. I wanted to go heavier, but I stuck with my DCA into the I-Bit fund. Do you think Bitcoins are just going to keep going up? We're either going to look like massive idiots or geniuses. I think there's a higher likelihood of it hitting a million than it is zero. So between the two, I see an asymmetric outside. What do you guys stressed about money right now?

What are you not, you know, chaotic, not crippling anxiety, but just sort of what are you, what's mulling on your mind? I'm debating selling a house in L.A. that is just, I don't know, I'm truly 50-50. Is it rented out right now? Yes, it's about to be empty. And I'm debating, do I sell it or do I rent it? And the cash on cash return is good for the area, but bad compared to like what I could use that money for in Vegas. but it's in a good part of LA. Maybe it just keeps going up in price, but I'm also like, would I buy it today?

I don't know. How much more do you have in L.A.? What do you mean? How many other properties? Four other properties in L.A. But this is the nicest one, the one that would rent for the biggest dollar amount in the best location.

So this one is worth many of the others. So you're worried you'll regret it if you sell. Yeah, and I'm going back and forth. Some days I'm 100% convinced I'm going to sell other days. I think about it. I'm like, I would rather just work. Worst case, you're a bigillionaire and it doesn't matter. So it's probably not going to matter. I'm stressing myself out for nothing. Okay. It's, I tussle with the idea because I also got a 2.8% mortgage on that. These are rich people problems. You know, that's, that's where you want to be in life. You're not stressed about covering the bills.

No. Like, should I offload one of my many properties? I like that. How about you, Jack? I'm in contract right now in my first ever short-term rental. Whoa. And so I'm excited to try that out, but I'm nervous because it's something new. So you buy, So you bought a property for the specific purpose of an Airbnb situation? Yeah, yeah. So I think it'll be really interesting to give that a shot. I've been speaking with a lot of, like, leading experts kind of in the short-term rental field.

Like the gurus who sell the courses? Is that anything about leading experts? I don't know if they sell the courses. They've just kind of been guiding me for free, fortunately. Okay, that's nice of them. But I think that it could be a good move for me because I do know I want to get into real estate eventually. And right now, a short-term rental seems like the only real way you could buy, something in cash flow if you're putting 20%?

Doesn't it feel like Airbnb is kind of like on the decline versus let's get into this? This one has other purposes besides AirB. Yeah, there's a lot of little Casita in the back where we can move the podcast in. So there's dual purpose. A Casita? Yeah, a little extra like ADU sort of thing, a space in the back. Is that a Spanish word? Yeah.

It sounds like it is. It is. You've never heard of this? You've never heard of Casita? No, is this like a, is this a Vegas thing? Yes. Yeah. No, it's not Vegas.

I've never heard of the word Cossita in Tennessee. No, they don't call them Casitas in California. They call them like guest house or about it. Really? A guest house. Okay. Yeah, yeah. All right. That makes more.

So we're upgrading the ice coffee hour. It'll look great. But it's a little stressful right now as you've got to go through this process. It's me, you know, putting my feet into new waters. But I'm excited. And I think, you know, it's the only real way I feel like you could cash flow for the most part if you're, if you're not buying in cash, you know. Yeah. Okay.

What is your next financial goal? you got any this year? Are you talking to me or Graham? Both? I don't have any financial goals. Are you done with goals? No. Did getting married change any of that for you?

What? Like your level of, I gotta get to the... Now it's just like, hey, let's enjoy our life. Marriage has nothing to do with that. It was really just over time. I've eased off the gas a little bit. But it's a little every year. No, the only thing I really want to do now

is just travel a little more. That's it. Just take a little more time to try. travel because I think once you have kids, it makes it very difficult to, like, go around the world spontaneously. So I want to take some time. Is that in the, in the future plans? Yeah, I would love to. Which will then just slow down your life in a way, because you're not going to do as much. Correct. Where's the latest place you travel to that you would recommend? Uh, we just came back from Carmel, and we drove up the coast. Where is that? And it was California. Oh, I was going to

say, I was like, that's not international. Okay. No, no, that's not. No, no. And then we're doing Japan later in the year. Okay. That's fun. Yeah. So how about you, Jack? Any financial goals? I mean, obviously this. The house, yeah, that would be one of them to close on that. I think that would be cool because I'll have more exposure to the real estate market in Vegas. But I would say aside from that, it's really just kind of trivial, like number oriented or number related goals with my own personal finances. But realistically, it doesn't matter so much to me if I achieve those because it's not going to materially affect my life. I already live very like cheaply. I just like hanging out with my friends, hanging out with grand, playing pickleball. And so if I make more money or make less money, it's hopefully not going to affect my life realistically that drastically. Okay. So really not looking to spend a lot more, not looking to invest a lot more, it's just sort of like maintain. Maintain. Yeah, I would say so. How about you? Yeah, I'm in a, now that we got into our house, I'm good to just chill for a while. We got another baby's going on the way. There's a lot going on to where I'm just like, let's survive and thrive.

Are you going to spend the money where it matters to trade our time and energy to other people who can do things for us. Are you going to do the, uh, the Trump, like child, $1,000 investment? Trump account? I'll take the, I'll take the three thousand bucks, but other than that, it's not impressive enough to me. So I'm going to do a $529 and a taxable brokerage for the kids. So have, you know, college savings and then other savings we can use for them for, you know, cars or a house down payment. Coachella. Cochella, so they don't have to go and buy now, pay later. They could do. They could buy Jack's course. They could. You have a course? Uh, not yet. No. But if people are interested, I could probably whip something up.

Well, here's what the people really want. The update on Jack's dating life. Still single, you know? Ready to mingle or intentionally single? I would say mostly intentionally single, yes, but... So you don't want people to comment below if they're interested. People can comment below if they're interested. They can, you know...

Because he's an off-market property over here as a married man now. So it's just down to you. George, do you think it's a good idea for me to... I just feel like it's time, dude, you know? You think so? Yeah. You were telling me an independent woman would be the way to go. Well, because you were saying, you're like,

I don't need someone emotionally needy or codependent. Like, I have my life. It's very busy. It's very, you know, a very full life already. And so I'm like, I can't handle more on top of that. And so I was like, you need someone else who also has a full life. You don't need each other, quote, unquote, but you make each other better. I've never been considered that.

You need like you're like Leila Hermosey. You know what I mean? Do you know one? No. If I did, I'd be, uh, what would you be? What would you be? What would you be, George? What would you be?

I'm just, I think you need to give it. I think you need to compromise here. Why do I compromise? In a relationship, there's got to be some give and take, and so far all you want is the take part. Well, that's why I'm not in a relationship. You need therapy. You got you.

Oh, okay. Well, guys, this was a lot of fun. Appreciate you jumping in. Thank you for blessing us at Sonic. Thank you for the... Why did you drink so much of it? I'm thirsty. It's 100 degrees outside.

You guys are drinking hot coffee. That's not how you quench thirst. That's just inefficient. I will say pickle juice actually has a lot of electrolytes. Where'd you learn that? It's sugar and pickle flavor. Well it's sugar and water and pickle juice. Fake dye to make it look like neon.

We're making a scene here. We got Ramsey fans walking out on what are they doing? Will you give a shout out and ask them to like and subscribe? You're so good at it. Yeah. If you've made it to this point in the video and you haven't subscribed already, you have to go on the subscribe. It's free. We're doing this. We're all the way out here. All you need to do is just

hit a button. It would mean the world to George really appreciates it. And Jack, for every like on this video, Jack said he'll do a push-up. Is that true? Yeah. All right, even if it gets a thousand likes? Yeah, I'll do it. In one sitting? What's... No, no. I'll just, I'll just, I'll just do a thousand. But you'll film it and send it to me and I'll air it as a whole... Sure. I'll do it. Yeah, yeah. I would actually have to be...

Think about that for a second. No, yeah. Put it at the end of this. That doesn't sense. We'll work with the YouTube strategies from that. So when you subscribe, you'll be able to see on the upcoming episodes, Jack, doing the equivalent amount of push-ups. All right.

I'm in, guys. Thank you so much. Thank you, George. Thanks guys for watching. Thanks. So genuine. Until next time. Love these guys.

Big thanks to Graham and Jack for hopping in with me today. If you enjoyed this episode, you're going to love the millionaires and cars getting coffee we did with my good, friend Dr. John Deloney. Click here to watch it next or use the link in the description. And don't forget to hit the like button, hit the subscribe button so you don't miss another episode. We'll see you next time.