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How to Money

Breaking Broke w/ George Kamel #782

Jan 31, 2024
Guest George Kamel, personal finance expert, discusses topics such as getting out of debt, the normalization of debt, intentional purchases, and attending a live event with Dave Ramsey. They also touch on strategies for safe withdrawal rates in retirement and the decision to drink coffee instead of craft beer during the episode.
53:46

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Having a spouse with a similar financial vision is crucial for building wealth and eliminating financial stress.
  • Following a simple plan and staying focused, like investing 15% of household income and paying off a mortgage, can slowly build wealth over time.

Deep dives

The importance of being on the same page about money in a relationship

Having a spouse with a similar vision for their finances is crucial for building wealth. It allows for exponential growth and eliminates financial stress. Couples should have open and honest conversations about money, sharing their goals and working together to achieve them. The Ramsey plan focuses on one thing at a time, like debt payoff and emergency funds, before moving on to investing. Marrying the right person who shares your values and goals is considered the biggest wealth hack.

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