Are You a Quality or a Quantity Person? (And How That Affects Your Money)

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Smart Money Happy Hour with Rachel Cruze and George Kamel 39 min 2 speakers 7 chapters transcribed
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What is the difference between quality and quantity in spending?

George Kamel 0:05
Today we're talking about a money tendency that we are polar opposites on, and I'm guessing a lot of you fall into one of these camps too. If I like it, I'm going to buy it at this stage of life. Because again, I don't know how many years I have left.
Rachel Cruze 0:16
Okay, get off your high horse, like come down with the calm of people.
George Kamel 0:20
Yes.
Rachel Cruze 0:21
And you're okay. Hey guys, I'm Rachel Cruz.
George Kamel 0:28
I'm George Camel.

How can you decide when to splurge versus save?

Rachel Cruze 0:30
And this is Smart Money Happy Hour. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
George Kamel 0:45
Before we get to the episode, let's talk about what we're sipping on, Rachel. It is a woo-woo. A woo-woo? Hard to say. Delicious to drink.
Rachel Cruze 0:53
I love a little woo-woo.
George Kamel 0:54
Stick around until the very end. We're going to give you our rating and reveal the cost per glass.
Rachel Cruze 0:58
So great. So, George, I am a quantity person.
George Kamel 1:03
You love it all.
Rachel Cruze 1:04
I do. Give me, like, something cheap. Give me Amazon earrings, 20 pairs. I don't need diamonds. Don't give me diamonds. Who needs them? Stop giving me diamonds, George. I don't want those diamonds.
George Kamel 1:14
Listen.
Rachel Cruze 1:16
I want variety.
George Kamel 1:17
Is that an Amazon watch?
Rachel Cruze 1:19
Yes, it is. That's a beautiful one.
George Kamel 1:21
I would have never, if you didn't just say that, I would have thought that was Dior, Versace, I don't know. Yeah, what if I said this was like Cartier?
Rachel Cruze 1:27
I'd believe it. Yeah, I'd be like, yeah, mm-hmm. No, but I do. I am more quantity, and this is where we, we are very different in this, George.
George Kamel 1:37
I know. Believe it or not, I'm a quality guy. You know when your grumpy uncle says, they don't make them like they used to. I am that grumpy uncle. You are. That is me.
Rachel Cruze 1:47
And today you have embodied that.
George Kamel 1:49
I don't like things like life is too short to not have quality things in your life, especially as I get older and, you know, head toward the old dusty trail. I don't know why it got real dark real quick.
Rachel Cruze 2:04
I hear that. But also my thing is like life's too short to wear the same pair of shoes.
George Kamel 2:09
So have seven pairs.
Rachel Cruze 2:10
Have seven pairs, the ones that she'd love.
George Kamel 2:12
I think we need a tour of Rachel's closet. I think we would be flabbergasted.
Rachel Cruze 2:27
Thank you.
George Kamel 2:28
Or they just thought you were out of control. Like a hoarder. And they went, oh, she only has 70 pairs. I thought it was going to be like multiple. Like 200.
Rachel Cruze 2:36
Like, oh my gosh.
George Kamel 2:37
Oh, man. That's funny.
Rachel Cruze 2:38
Well, and I do think what's hard is, you know, the trends, they come and go, George. Social media, they'll show you. And it is frustrating because I do know companies, especially with clothing specifically, they know. They know if they take a pair of jeans one season, widen it a little bit, you got to buy all new jeans. Or they shrink them a little bit or they go up or down and length. Like they can just tweak small things and it changes the whole style. So then you got to get all new pants.
George Kamel 3:04
See, I'm not falling for that.
Rachel Cruze 3:05
Okay.
George Kamel 3:06
Tell us your ways. You've heard the quote, Rachel. No. If you follow the trends, you'll fall for the traps.
Rachel Cruze 3:11
Say it again. I love it.
George Kamel 3:13
Do you though? I don't think she actually wants me to say it again. No. You know what? You'll have to rewind the tape to hear that one. But I do. Like, I've been rocking skinny jeans for far too long, and Gen Z's like, it's out. We're not doing it. I'm just going to keep wearing it.
Rachel Cruze 3:26
Aren't dudes kind of wearing skinny jeans?
George Kamel 3:28
I haven't seen them.
Rachel Cruze 3:29
What are dudes wearing? I know girls are. I know it's kind of out for girls.
George Kamel 3:32
I'll tell you this. Men aren't wearing skinny jeans. Boys may be. Me and the boys.
Rachel Cruze 3:37
Me and the boys.
George Kamel 3:38
But yeah, I like quality and I don't really care what other people think. And if I like it, I'm gonna buy it at this stage of life. Because again, I don't know how many years I have left.
Rachel Cruze 3:47
I can't hold you to that. I don't know how many years I have left. I don't care what anyone thinks. That is not true. That is not true.
George Kamel 3:54
Whose opinion am I? I look for the affirmation of everybody. But I don't care about their opinion of me. I just want their affirmation. Those are two separate things.
Rachel Cruze 4:03
I know, but you get all pissy in the comments because of what someone thinks about you.

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