George Kamel - Someone Just Made $160,000 Following My Advice (NOT CLICKBAIT)

Episode Date: March 10, 2025

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I recently found out this couple made $160,000 following my advice. And it wasn't just the typical get out of debt, live on less than you make advice. It was a little more specific than that. Nay, a lot more specific than that. And I'll tell you what it is in today's video, and I'll also share how this oddly specific money tip can help you reach your money goals. But first, click those like and subscribe buttons and share this with all the horse lovers in your life. It won't make sense now, but it's about to.

This suspense is killing me. Okay. So what was the advice that made this couple $160,000? Well, it all goes back to a now infamous call I took on the Ramsey show, where I told a caller what she should do with her horse. Check it out. Katie, I'm going to give you a hard challenge. Could you sell the horse?

Would you do it? I can't. Why not? I've had this horse 11 years. Katie, Katie. There's other horses out there. it doesn't even know your name. There's more horses for you on the other side.

Listen, I want Katie to win. Oh my gosh. She's got a mess to clean up. I know it sounds bad, but I apologized and we're Instagram friends now. I even got to meet her at one of our events. Look you at George. It even looks like me.

He has my email here from baseball. Although I did almost get canceled by the equestrian community for that one. But since then, it's become a recurring meme on this YouTube channel, and beyond. I bought court-side seats to a Globetrotters game and a horse that most likely does not know my name. So if you're new to the channel and you've been wondering why there's so many horse references, now you know. It became a whole thing and people were even calling it hashtag

Horsegate. That's the level of drama I like to see. I just want to be a part of something bigger than myself, you know? So you can imagine how delighted I was to see this post in the Ramsey Baby Steps Facebook community. Landon said, George Campbell said sell the horse, so that's what we did. Me and my wife both work in the thoroughbred industry and we own a mayor that we breed to sell the babies. This baby of our mayor in one fell swoop took us from baby step two, in debt, into baby steps four, five, and six, paying off the remainder of our student loans, funding our six-month emergency fund, and maxing out our 401ks for the year. We feel so blessed with this opportunity after already paying off our $35,000 car loan and cash

flowing our wedding and working down the student loans since January of 2023. We wouldn't be here without the Ramsey Baby Steps. And my I add, as some creative poetic license, George Camel. You're welcome. This is hooves down, one of the best things that has ever happened to me. But I still have questions.

Like, do they have any regrets about selling it? Will they ever see their little pony again? And most importantly, how does one acquire a thoroughbred that basically births money? And yeah, you think that's bad. You should see a horse actually give birth. Gross.

So I thought I'd give him a call. And I'm going to do it right here on camera so we can find out the answers to these questions together. All opposed, say nay. Too bad horses don't get a vote. Yet, there's still time, Donald. do the right thing for America.

Landon, thanks for joining us. Oh, thanks for having me. So we got to hear about this horse situation. What exactly happened? Yeah, so we own a mayor, and we ended up breeding her before we found the Ramsey baby steps. And so we ended up selling the foal this would have been January. And for idiots like me, a foal is just a baby horse. Yeah, a baby horse.

Yeah, anything under a year old? Yes, sir. Okay, that helps me. Okay, so you breed the mare, you get the foal, what next? We're always planning to sell the full. Just didn't think that it was going to produce us, you know, the result that we had. But yeah, the result was always to sell the full. And so we decided to sell it in January where we were in the baby steps.

We're like, look, you know, let's get everything that we owe out, out the door and see where we lay. So how much debt did you have at the time? I got married in October of 2024. So me and my wife, we had just paid off my car, and we had about maybe $15,000 of her student loans. And then we always had our emergency fund that we had to still do. Okay, so 15 grand of debt, and then you had to build the emergency fund, and then selling this horse just leakfrogged you into the future.

Yeah, absolutely just, yeah, took us well and beyond what we could have imagined where we'd be. Wow. Okay, so you knew you wanted to sell the horse. What did you think you were going to get for this horse? Like, what does a normal foal go for in the open market? So going into that morning, actually, kind of the similar type horse that we had, they were averaging for about $45,000. And we had a reserve of $65,000 that we were like, okay, you know, maybe we can scratch

and claw away to $65. What does the reserve mean? The reserve is the minimum amount that we're willing to take for the horse. So, you know, we were like, okay, you know, We love him anyways. We'll bring him back. You know, he does know our name, you know, so we were happy to bring him back. Were you bonded to this horse?

Like, I'm sure you love horses. You know, you're not like a mean person. You have a heart. But like, is this something you're like, hey, this is not a pet. This is something that this is kind of a business for us. Yeah, it is a business. We throw out a fine needle of, you know, pet versus business. Any regrets about selling the horse?

Absolutely not. No, you know, I'm actually. in a decent relationship with the people that bought them. You know, they text us all the time. They give us updates still already. And, you know, it did so much for me and my wife that, you know, we still wake up and we're like, we can't believe that all of this has happened. Wow.

So you sold the horse for $160,000? Yes, sir. Are there, like, fees? Like, what do you end up netting from that? I'm curious. We're going to end up netting before Uncle Sam gets involved about $144,000. Wow. So there's some auction fees.

or something like that. Yeah, the commission fees. That counts as income. Yeah, yeah, yeah. Okay, so what baby step are you on now? You are into, are you now in four, five, six? Yeah, four, five, and six. We don't have any kids, and we're actually, we don't have a home.

The farm I work for, they pay for my housing. So we also don't have any rent or mortgage. So that's where we're going to start working on next is maybe buying our own farm down the road. Yeah, I mean, this is a down payment right there. Yeah, absolutely. That's incredible. So that's the next goal for you is to have your own, not just your own house, but your own farm,

and then you're going to live on the farm. Yeah, yeah, that's our goal is to eventually down the road buy more horses and break out on our own instead of working for other people and start employing our own staff. That's incredible. And you're in Lexington, Kentucky, which is, you know, it's the home for this business. So you're in a good spot to do it. Tell me this, what are you doing full time? I'm still confused.

You work on a farm. I'm a horse farm manager, so I live and breathe horses. you know, around the clock. So you're my guy now. If I want to get into this business and make a quick buck, I can go to you. Give me a call. We'll take you up here and treat you right. So you know I got a lot of flack for telling a caller to sell the horse.

And then I said some unkind things about how the horse doesn't know their name. But looking back at that call, being in this business, what would you tell someone else who was in that situation? They're, you know, deeply in debt. They have this horse they could sell for, you know, 10, 20, 30, 40, maybe 100,000. What do you tell that person who's very attached to this horse? Honestly, I would do it to get in a heartbeat. Just the peace of mind that it gave us, you know, where it put us, it was, you know, the hardest and best decision we've made.

Beautiful. So there is some sacrifice. A piece of your heart goes with that horse. But for you, you didn't mix, you know, business with pleasure saying, oh, this is my pet that sleeps in my bed. You went, this is a horse that we bred for this reason. We knew we were going to sell it. And that helped you make this decision. Right, correct. Yeah, absolutely.

So, Landon, talk to someone who is where you were. They're in that Baby Step 2 phase, paying off some consumer debt. They don't have the emergency fund. And it's going to take some sacrifice. You're feeling a little stressed, a little frustrated. What encouragement would you give that person? Oh, gosh. We always just saw the light at the end of the tunnel.

We were given the Ramsey program and the Financial Peace University from some friends that they had been at the, they're on the other side of it. They're in Babyset, 4, 5, and 6. and just seeing how much just peace they had in their lives, you know, that they just were able to go to work every day and they, you know, they were able to devote themselves to their family and everything, and we were just like, that's what we want. And luckily, you're in a business where you're able to leapfrog it. You know, for someone else, this might be getting the second job, cutting the spending, selling the thing they don't want to sell. And so there is a piece that is some short-term sacrifice for long-term gain. Yeah, absolutely.

Absolutely, yeah. We were actually, I took this job, actually, as a baby-send, step two kind of sacrifice. I had enough different job and this job offered free housing that would allow us to put more towards our debt. So that's how I actually ended up in this job. Well, I'm so proud of you guys. You've come a long way very quickly thanks to your know-how, your talent, your skills, your hard work. And then of course, a little bit of, you know, majestic luck with this horse just being a $160,000 horse. Well, Landon, thanks again so much. Hopefully we'll talk again soon. Thank you. Yeah, looking forward to it. Okay. I love their story.

And as random as it may seem, I think it's super relevant to those of us who are horseless, too. And I'll tell you how. But first, I want to tell you how you might be able to save some money on your phone plan. And that's by switching to Tello, a sponsor of today's episode. Tello has crazy affordable plans that get you the same reliable coverage as the big guys, but with pricing so low, you won't need to sell livestock to afford it. We're talking five bucks a month or 25 bucks a month for the unlimited everything plan. And here's the cool part.

No contracts. You can upgrade or downgrade whenever you want. And you can get started from the comfort of your own home and keep your house. your same phone and phone number. And if you want to save even more, you'll get an extra five bucks off your first month by going to tello.com slash George or use the link in the description below. And speaking of saving money, if you're stashing cash in a regular old savings account earning dismal interest, it's time to do better. Look into a high-yield savings account like the one offered by online bank Laurel Road, another sponsor of today's episode.

With Laurel Road, your account balance earns top-tier APY, so your money is making you more money. Whether you're saving up for a new car, a down payment on a house, or a thoroughbred with genetic diversity, strong hindquarters, and no history of drug use. Much like me. Plus, with Laurel Road, there's no minimum balance required to open an account, your deposits are FDIC insured, and there's no hidden fees. Learn more by going to laurel road.com slash George or click the link in the description. Okay, so you might be wondering how all this equine stuff applies to you if you don't have a barn full of thoroughbreds. You know what they say? You can't sell a horse you don't have.

No one says that. Well, here's the deal. There's an overarching principle here that applies to all of us, and it's this. D drastic times call for drastic measures. If you're stuck deep in a financial hole, it's going to take some deep sacrifice to get out. And that might require parting with something that you really want to keep, especially if you're saddled with debt. So my question to you is this. What is your horse? Maybe it's the way too fancy car you bought.

Maybe it's the very expensive house that you really can't afford. Maybe it's the lock of Pedro Pascal's hair you bought for 12,000 doge coin. And judge me all you want. It's going to be worth a whole lot more after the release of Gladiator 3, the squeak wall. Did you know that you are insane and that nothing you said made any sense to me? And the sacrifice here might not be selling something. It could be cutting back on spending or taking on an extra job. And this isn't easier fun, but if it helps you reach your money goals faster, it will be worth it. And that's what I love about this couple's story. They did what it took to win. Anyway, if you want some more non-horse-related tips for creating financial margin, check out, check out my free guide to finding margin with your money, which includes 10 ways to spend less and 10 ways to make more. I'll drop a link below, go check it out. But let's say you've already sold your hypothetical horse, and you're still struggling with money. Well, if that's you, keep watching. this next video to see how to stop living paycheck to paycheck without getting a second job or click the link in the description to watch thanks for watching we'll see you next time