Smart Money Happy Hour with Rachel Cruze and George Kamel These “Get-Rich-Quick” Schemes Will Topple Your Financial Progress
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Jan 15, 2026 Discover the perils of risky financial habits through a fun Jenga analogy that illustrates how one bad move can topple your wealth. Dive into the dangers of aspirational real estate investments and the pitfalls of collectibles as a strategy. The duo warns against the lottery’s poor odds and exposes the traps of day trading and MLMs. They advocate for stable investment choices while reminding listeners to avoid being driven by fear, greed, and pride. Plus, enjoy a refreshing Lemon Ginger Mocktail recipe!
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Buy Real Estate With Cash Flow Focus
- Avoid buying overly aspirational real estate that doesn't cash flow or that you can't afford at current interest rates.
- Pay off your primary mortgage, save, and buy investment property with cash so it can cash flow when paid off.
Don’t Bank On Collectibles
- Treat collector items as hobbies, not reliable investments you count on for wealth.
- Only invest in collectibles if you genuinely enjoy them and won't depend on them for future income.
Don’t Overuse Gold As A Hedge
- Avoid buying gold as your primary hedge; it's an asset with limited practical upside versus long-term stocks.
- Prefer long-term stock investing for higher expected returns instead of hoarding gold out of fear.
