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George Kamel

πŸ‘€ Speaker
See mentions of this person in podcasts
74767 total appearances
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Voice samples: 180
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Appearances Over Time

Podcast Appearances

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

I'm going to hit calculate $2.68 million at 64 if he never adds a dime.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

Now at 12%, you're looking at $5.9 million.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

That's pretty wild.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

That 2% over 40 years really adds to it.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

That's compound growth.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

And look, the contributions, he didn't contribute anything but the 50.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

And it turned into that just by leaving it alone.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

That's $1,500 a month from 24 to 64.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

Let's see what happens if he continues this.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

$12 million.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

$12 million.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

At 10% rate of return, Jordan.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

And that's if you never get a raise and your spouse never works.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

So let us free you.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

Enjoy some of the money because you're going to get to 12 million and go, should have went on a vacation probably.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

That probably would have been a good idea.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

I got a lot of money now and don't have enough time to spend it.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

Well, that's what happens.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

We talk about this book, Die With Zero, which we don't agree with everything in the book, but the concept is do not wait until you're 70 or 80 or at the point where you pass away to then hand your kids a million bucks when they don't need it in their 60s.

The Ramsey Show
Stop Starting Over and Break the Cycle for Good

That's right.