

Financial Expert: These Common Money Habits Are Keeping You Poor
55 snips Aug 12, 2025
George Kamel, a bestselling author and personal finance expert, shares eye-opening insights into common financial habits that keep Americans broke. He emphasizes the dangers of instant gratification and predatory lending practices that ensnare many in debt. Kamel discusses the immigrant mindset and its influence on financial success, while highlighting the importance of professional support in overcoming financial despair. He encourages listeners to rethink their financial strategies and personal growth in a culture heavy with consumerism.
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From $40K Debt To Millionaire
- Ken Coleman notes George Kamel was $40,000 in debt and living paycheck to paycheck in his 20s.
- George used discipline and a debt-free mentality to become a net-worth millionaire within a decade.
Immigrant Frugality Shaped His View
- George Kamel credits his immigrant parents' frugality and grind for shaping his money mindset.
- He says scarcity taught him negotiation, agency, and not letting others take advantage.
Your Environment Shapes Your Finances
- George Kamel and Ken Coleman stress your environment and relationships shape financial outcomes.
- They say changing neighborhoods or networks can break cycles of poverty.