These “Get-Rich-Quick” Schemes Will Topple Your Financial Progress

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Smart Money Happy Hour with Rachel Cruze and George Kamel 35 min 3 speakers 4 chapters transcribed
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What are the worst ways to build wealth?

George Kamel 0:05
Today, we're talking about the worst and riskiest ways to build wealth, and we're playing a game of Jenga to keep things interesting. I think Jenga is how I created my anxious attachment. It's a very anxiety-inducing game.
Rachel Cruze 0:16
No, stupid. Don't do that, guys. Don't waste your money.
George Kamel 0:21
Oh, this is not looking good for you.
Rachel Cruze 0:27
Hey, guys. I'm Rachel Cruz.
George Kamel 0:29
I'm George Camel.
Rachel Cruze 0:31
And this is Smart Money Happy Hour.
Unknown 0:35
Cheers, George. Cheers.
Rachel Cruze 0:39
This can't be our table. No, no, we gotta... We got a little game here.
Unknown 0:43
Occupado.
Rachel Cruze 0:44
Yes. All right. 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.
George Kamel 0:53
But first, let's talk about what we're sipping on. It's a lemon ginger mocktail spritz.
Rachel Cruze 0:58
It's amazing. And I'm not a big ginger fan, but already, y'all, it's so good.
George Kamel 1:02
This is a winner. So stick around. We're going to give you our rating and reveal the cost per glass at the end of the episode and no earlier. Don't ask. So when it comes to building wealth, Rachel, there are proven methods that are guaranteed to help you reach your goals responsibly. And then there are, shall we say, get-rich-quick schemes that can topple your financial progress overnight.
Rachel Cruze 1:22
Hint, hint, our game of Jenga.
George Kamel 1:24
We love a Jenga.
Rachel Cruze 1:25
Yeah, throwback to a little childhood. Are you going to play with Mia when she gets a little bit older?
George Kamel 1:31
I don't know because I think Jenga is how I created my anxious attachment. It's a very anxiety-inducing game. I don't know that I need to introduce trauma.
Unknown 1:39
Are you an anxious attached?
George Kamel 1:40
Yeah. Okay. 100%. I don't need a therapist to even tell me that.
Rachel Cruze 1:44
You're not avoidant? I would have thought maybe avoidant.
George Kamel 1:46
Well, that's hurtful.
Rachel Cruze 1:47
Can you be both? I don't know.
George Kamel 1:49
What are you?
Rachel Cruze 1:50
I'm avoidant. Oh, I can see that. Winston's anxious attached. I'm avoidant attached.
George Kamel 1:55
Anything that makes me more like Winston is fine with me.
Rachel Cruze 1:57
That's good.
George Kamel 1:58
Yeah, I just feel like it's an anxiety-inducing game. Yeah, it is. Many games can be, but there's a physical thing that happens. It's true, yes. And it's your fault. You know what I mean? Yeah. I don't like any of that part.
Rachel Cruze 2:09
Right. The moment the tower falls, it's all on you. Yeah. It's like tennis.
George Kamel 2:12
No one else to blame.
Rachel Cruze 2:13
It's like tennis. There's no team.

How can get-rich-quick schemes topple your financial progress?

Rachel Cruze 2:14
It's just you. If you fail, you fail. Oh, man. Were y'all competitive game nights growing up?
George Kamel 2:20
I wouldn't say so. I don't remember playing a lot of games with, like, my whole family. I don't know if it's because we were, like, Middle Eastern, and so there was a gap. We had a lot of board games.
Rachel Cruze 2:29
Do Middle Eastern people not play board games? What are you saying?
George Kamel 2:31
I don't know. It was probably like some—you know what? My grandpa played backgammon.
Rachel Cruze 2:36
Oh, yeah, that's a fun one.
George Kamel 2:37
Big bat-gaming guy.
Rachel Cruze 2:38
I'm like, yes, that's good.
George Kamel 2:39
Maybe some dominoes here and there. For sure.
Rachel Cruze 2:41
Some marbles. Hey, Mexican-trained dominoes. That hits. Fun game. Fun. That's a good one.
George Kamel 2:46
But, yeah, we had Monopoly, Game of Life, Trouble. Yeah, oh, look at you. We had all the Sorry.
Rachel Cruze 2:51
Yes, yes. Yeah, you got it.
George Kamel 2:53
All the classics. How about you guys?
Rachel Cruze 2:54
I love it. Yeah, the Ramses are a family game. Family.
George Kamel 2:58
Family game family.
Family game family.
Rachel Cruze 3:01
The Ramseys are a family of games. To this day. Games. Games. What's the one we played with Dave? Oh, Codenames. Codenames. We get so competitive. If you want to get riled up. We get so competitive. We may yell and cheat and do what you got to do to win, but you do it. It was aggressive.
George Kamel 3:20
And I don't ever forget. I've also played a board game with your brother, Daniel. Probably. That was also trauma-inducing.
Rachel Cruze 3:25
I was going to say, we are a game family. We love games.
George Kamel 3:28
And very competitive.
Yeah.
Rachel Cruze 3:29
Yes, yes. Our volume goes up. It gets loud. It gets very loud.
George Kamel 3:34
It doesn't help with the anxiety.
Rachel Cruze 3:36
Yeah, yeah, yeah. So maybe you're doing the smart choice in life, George, staying away from the games. I think that's partially why. But this episode, we're going to induce all the anxious trauma.
George Kamel 3:45
This is large and in charge. If you're not watching on YouTube or Spotify, you should watch because these are aggressively large blocks.

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