Make It Make Sense: Calling Out Money Double Standards

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Smart Money Happy Hour with Rachel Cruze and George Kamel 35 min 4 speakers 8 chapters transcribed
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Who are Rachel and George?

Rachel Cruze 0:05
Hey guys, I'm Rachel Cruz. I'm George Camel. And this is Smart Money Happy Hour.
George Kamel 0:38
Well, this is the show where two friends who happen to be money experts talk about what you're talking about. So everything from pop culture, current events, and money.
Rachel Cruze 0:45
We're sipping on the illustrious citrus, cardamom, coffee, spritzer, mocktail. So many words for a drink that should be in prison. We will give you our rating, which, spoiler, not going to be good, and reveal the cost per glass at the end of the episode. So stick around. You're going to want to be here for this sentencing.
George Kamel 1:06
That's right. Good. Okay, so, George, you know, we talk about personal finance for a living, and we really try not to be judgmental because we get people from all different situations and stories and, you know, it's a whole thing. And so we do try to be curious, right, as Ted Lasso would say.
Rachel Cruze 1:23
Be curious, not judgmental.

What does it mean to be curious about money?

George Kamel 1:24
Which I think was a Walt Whitman quote.
Rachel Cruze 1:26
quote originally. You're telling me that Jason Sudeikis didn't come up with that on the spot?
George Kamel 1:31
I think he actually quoted Walt Whitman in the episode, but yeah. Yeah, we're not gonna, yeah, be curious, not judgmental. It's a great phrase, so.
Rachel Cruze 1:39
You had a curious moment recently.
George Kamel 1:42
Yes, I did. Yeah.
Rachel Cruze 1:45
Apparently I'm letting you know for the first time.
George Kamel 1:48
No, I remember.
Rachel Cruze 1:49
Well, yes, in fact, I did. Thank you for bringing it up. What happened here?
George Kamel 1:53
Well, it's just funny. I am in a certain text group, shall we say. You know, they'll be like, oh, hey, here's this, you know, dresser for free if anyone wants to come pick it up. And it's from, you know, and they give the link and everything. And it's like a $2,000 furniture piece. So they're like, yeah, just come get it. Like, we're done with it. And you're like, oh, my gosh. But then they're like nickel and diamond pieces.

What are common money double standards?

George Kamel 2:16
you know like um vitamins for 12 you know if you want to get this for 12 and i'm like this is so funny to me because they give away like thousands of dollars of an item but the vitamins are charged but then something else they'll just like charge for and i'm like i don't know maybe like something is in their psyche or in them i don't know but it's always funny to me that i'm like if you're gonna make money like make it off the dresser right that you're gonna get
Rachel Cruze 2:39
Yeah.
George Kamel 2:39
Thousands of dollars for versus like trying to do it.
Rachel Cruze 2:42
So therein lies the double standard of like, why would you make this free but make the $10 item cost?
George Kamel 2:47
Yeah, so again, it's one of these moments in life that you're like, that just doesn't, it doesn't make sense. It doesn't make sense. And so there's a lot of that in this world.
Rachel Cruze 2:54
And that was the birth of this episode.
George Kamel 2:56
Because I feel it a lot in my life. I'll do things that I'm like, oh yeah, I'll pay for this. And then they charge me $1.99 to subscribe to a podcast to get all the episodes. I'm like, I will not. But I'll go and spend freaking like, I don't know, $30 to get my food delivered to my house for one night. You know, and it just, it doesn't make sense. So there's a lot of that out there in the world.
Rachel Cruze 3:17
We're going to get into that. And you know, humans are imperfect after the fall of man. Look it up, by the way. Good story. Trying to make my mom happy. She's in the crowd. I'm making my mom happy. Look up The Fall of Man. Dark stuff, but helpful information. We have natural tendencies as humans.
George Kamel 3:38
Hypocrisy there too.
Rachel Cruze 3:38
That are contradictory, all right? We are contradictory beings, but being intentional about this is how we grow. So we're going to get into that today. And you talk about natural money tendencies in your book, Know Yourself, Know Your Money, which one of your best, can I just say?
George Kamel 3:51
Oh, thanks, George. Yeah, but I do think understanding yourself, because it can maybe help explain some of the hypocrisy that we live in. Because some of these, yeah, natural tendencies. Real quick. Spender versus saver. What are you? I am the saver. I'm a spender. Are you a nerd or a free spirit? The nerd. I'm a free spirit. Experiences. Do you spend money on experiences or actual things?

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