Subtle Habits That Reveal a Quiet Millionaire

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Smart Money Happy Hour with Rachel Cruze and George Kamel 47 min 3 speakers 8 chapters transcribed
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What are the subtle habits of a quiet millionaire?

George Kamel 0:05
Does flashy always equal wealthy? Today, we're going to tell you how to spot a quiet millionaire.
Rachel Cruze 0:10
My next purchase for a midlife crisis, I have two.
George Kamel 0:14
I don't know who invented Roman shades, but they think very highly of themselves.
Rachel Cruze 0:18
I'm going to just throw this in there and then we're going to end the episode. The loudest obnoxious money play right now on Instagram. Hey guys, I'm Rachel Cruz.
George Kamel 0:31
I'm George Camel.

How can you identify a quiet millionaire's lifestyle?

Rachel Cruze 0:32
And this is Smart Money Happy Hour. Let's fall in a glass.
George Kamel 0:42
That's really nice.
Rachel Cruze 0:42
Or actually, is it summer? What season are we in? I don't know, but it's delicious.
George Kamel 0:47
I'll never tell.
Rachel Cruze 0:48
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 0:55
And gather the children around because we have a mocktail today that we're sipping on.

What is the significance of old money aesthetics?

George Kamel 0:59
This is the Apple Ginger Fizz Mocktail. And we're going to give you the rating and reveal the cost per glass at the end of the episode. But let me just say, I got the purple straw. Rachel got a green straw. I don't know if that was intentional, but let me tell you, I'm very secure. It doesn't matter.
Rachel Cruze 1:15
You feel great about the color straw.
George Kamel 1:16
It doesn't matter.
Rachel Cruze 1:17
You know, it can go both ways, George.
George Kamel 1:19
I just don't look good in a purple. It's not a color I would choose for me.
Rachel Cruze 1:23
Yeah, I would say that. You did your colors, though, didn't you?
George Kamel 1:26
I didn't do my color. Someone projected what season I am or whatever it's called.
Rachel Cruze 1:32
What's that called? Yeah, the color wheel or the analysis.
George Kamel 1:35
There's a color analysis. I think it's like an MLM now. You can go to like a party.
Rachel Cruze 1:40
But yeah, I'm good. But yeah, purple was not part of yours.
George Kamel 1:44
Not my color. Okay.
Rachel Cruze 1:46
Well, George, the internet loves to come up with new phrases when it comes to wealth.
George Kamel 1:52
Yes. We've heard of subtle wealth.
Rachel Cruze 1:54
Yes.
George Kamel 1:55
But now we have old money aesthetic. That's a whole genre.
Rachel Cruze 1:58
Uh-huh.
George Kamel 1:59
Stealth wealth.
Rachel Cruze 2:00
Yes.
George Kamel 2:00
I like that one because it rhymes. You got quiet luxury. That's a good one.
Rachel Cruze 2:04
Okay. The old money aesthetic.

How does debt impact financial peace for millionaires?

Rachel Cruze 2:05
Is that what you're saying?
George Kamel 2:06
Yeah.
Rachel Cruze 2:06
Okay. This is a trend. You know this. Via Instagram, my algorithm is showing me the interior design, like style now is going back to... I don't know what decade. I don't want to say 80s, but like kind of late 80s, early 90s, kind of that farmhouse. Like they're doing colors and patterns where it used to be like just white and wood and gray.
George Kamel 2:27
We're getting away from the sort of minimalist, sad.
Rachel Cruze 2:29
Yes, they are coming back around to like warm paintings and like... like patterns on furniture and all of it. Oh. It's giving classy 90s vibes again.
George Kamel 2:43
Wow.
Rachel Cruze 2:44
It's very interesting. I'm not mad about it. My house doesn't look like that at all sometimes.
George Kamel 2:49
I'm screwed. Now you've changed it all to keep up with the trends. I know. But by the time you do it, it will revert back to minimalist, clinical depression beige, everything.
Rachel Cruze 2:58
I know. It is so true.
George Kamel 3:00
Sorry, it's taupe. Okay. Call it what you want, guys.
Rachel Cruze 3:04
But you know, you watch like Home Alone in that era, and it is a cozy...
George Kamel 3:09
Yes.
Rachel Cruze 3:10
Coziness to those kind of houses. Anyways, but that aesthetic is coming back, which is kind of that old money aesthetic in my head. I don't know.
George Kamel 3:18
At Ramsey, we call it financial peace.
Rachel Cruze 3:21
Oh, what a phrase. No, but there is something about when you do build wealth, though, that you don't feel like you have to flaunt it with the fancy labels and all the name brand stuff that a lot of wealthy people out there that actually have net worths of millions of dollars, you would never know that they were millionaires. It is that kind of quiet luxury. We call it secret millionaire.
George Kamel 3:45
Yes.
Rachel Cruze 3:45
And I love it.
George Kamel 3:46
Well, I saw a video. It was an interview with a guy who sells Lamborghinis for a living.
Rachel Cruze 3:50
Okay.
George Kamel 3:51
And he was like, the people that come in here are not wealthy people.

What are the common financial habits of quiet millionaires?

George Kamel 3:55
It's like middle class people who are drowning in payments, drowning in debt, who are wanting to drive these cars to look like they have wealth.
Rachel Cruze 4:04
Oh, interesting.
George Kamel 4:05
Which was very interesting to me is people who actually have wealth are not going to the Lamborghini dealership.
Rachel Cruze 4:09
Yeah, they're not buying Lamborghinis.

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