Ranking People’s Wealth Habits, From Fake Rich to Quiet Wealth
episode
Smart Money Happy Hour with Rachel Cruze and George Kamel
51 min
3 speakers
7 chapters
transcribed 2 months ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
Hey guys, Rachel Cruz here. Listen, we need your help. We have a survey coming out around Smart Money Happy Hour, and we want to make this show even better in 2026, but it's up to you to help us.
So here's how you help us. Text the word SMART to this number, 33789, or go to ramsaysolutions.com slash SMART to take the survey. And no pressure, but we need to beat a world record here, so... Take it ASAP.
Please, help us out. And you could win a $100 Amazon gift card. Who knows?
If you want to help us out and get a chance to win an Amazon gift card while you're at it, go take it. The survey closes April 10th, so time is of the essence. It's not as simple as broke or rich anymore. Today, we're deciding what kind of rich your expenses say you are. And of course, we do it all with love. I'm calling that new money right there, okay? Looks like we found the target demo for Air One.
Tell me more. I'm shopping there. So this is the content people want. Hey guys, I'm Rachel Cruz.
I'm George Camel.
And this is Smart Money Happy Hour. Cheers. Cheers.
I've been transported.
Oh, delicious. Well, this is the show where two friends who have to be money experts talk about what you're talking about. So everything from pop. Oh, dadgummit, that sour really got me. Hold on. I felt it this time. I got some limit in that sip.
So zesty.
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.
And before we get to the meat of the episode, let's talk about the drink. Today we're sipping on a frozen coconut lemonade. Yes. And when I say this is zesty, I'm talking zesty. Has the punch we need. So stick around until the end of the episode. We're going to give you our rating and reveal the cost per glass.
What types of wealth habits are discussed in this episode?
All right, let's get into this, Rachel. It seems like every week there's a new trend about people's financial aesthetic or vibe. And we've covered some of these on the show.
You know, I'm going to say it's a Gen Z thing. They give the new words, the new terms that the world uses.
Yeah, that is kind of their thing.
Yeah, there's always like the stealth, wealth, or quiet, luxury. Like there's always these new. Old money aesthetic. Old money aesthetic.
Kind of the Martha Stewart vibe.
Yeah, there's like these terms constantly.
Loud budgeting. Yeah. We can't just call it budgeting anymore. It's loud budgeting.
It's loud budgeting because we're talking about it.
Proud. And you've got fake rich. That's, you know, very flashy lifestyle. Yes. Very Instagram showy. So these are all fun.
Yeah, and again, I feel like we come up with new terms to judge people on. Not us.
Could never be us.
We would never, ever judge.
I don't do this show just to vent my frustrations about society and culture. No, nay.
No, but there is. The labeling and the perception is very real. I think people are more keen on it. They're getting into it. I feel like people now, it's more obvious. And so we're here to talk about it.
Yeah, there's major differences between someone who has new money versus someone who is fake rich versus someone who's just quietly building wealth. They're subtle, but they're there. So we're going to cover the differences by playing a little game with this fishbowl.
Oh, yeah. So before we dig in, though, George, kind of the categories are new money, fake rich, and quiet wealth. So think like loud designer print, like think like Louis Vuitton or Gucci, and it's all over versus like a real cashmere sweater. So you got probably, I'd say like fake rich, right? I'm going to go fake rich or new rich versus quiet millionaire. You know, the person that's like, I don't need to impress you. No logos. But the quality is fantastic. You know, if you go investing, I think about the crypto bros and they're like, hey, we're going to get on this train, new money, you know, versus just like the classic investments, you know, just the steady S&P in real estate. You know, it's... Classic.
Classic and boring, but that is timeless. Never goes out of style. Yes, I think that's it.
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Chapters
7 chapters
1
What is the main topic discussed in this episode?
0:00–2:02
2
What types of wealth habits are discussed in this episode?
2:02–7:02
3
What defines 'fake rich' versus 'quiet wealth'?
7:02–7:21
4
How do spending habits reflect one's financial status?
7:21–7:31
5
What are the differences between 'new money' and 'old money'?
7:31–8:12
6
How does lifestyle impact perceptions of wealth?
8:12–9:15
7
What are common misconceptions about wealth and spending?
9:15–50:54
Speakers
3 identifiedMore from Smart Money Happy Hour with Rachel Cruze and George Kamel
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