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Money Traps To Avoid As Your Net Worth Grows

157K views · Aug 5, 2026 · People & Blogs

Comments · 459

  • @GeorgeKamel · 1 month ago · pinned

    How much would you have to invest each month to retire a millionaire? Find out here: 👉 <a href="https://ramsey.solutions/ghuoj3">https://ramsey.solutions/ghuoj3</a><br>This is the number that tracks your progress — not your paycheck. Calculate your net worth now: 👉 <a href="https://ramsey.solutions/ygckeu">https://ramsey.solutions/ygckeu</a>

    6

  • @buckjank · 1 month ago

    Hey George IDK if you here this often, but I love you. I&apos;ve struggled to get to the finish line. Then I found you, the past couple of years I changed so many things thanks to you. Now im 49 and retired, paid off house, cars, and CC. We are going on a 100% paid in advance trip to OCMD, then next month taking our grandkids to Disney and in a few month we&apos;re going on a cruise, all are paid in cash! Thank you

    53

  • @M-thedancer · 1 month ago

    When I was 16 my net worth was $600 and I felt like the richest person alive 🤣

    83

  • @ThoonHaytharThaw · 1 month ago

    Before I understood how power and wealth actually work, I was stuck chasing motivation, quick wins, and external validation. Reading The Other Side of Order by Steven Humsfeld shifted my focus toward structure, discipline, and long-term positioning. I realized it’s not about hustling harder or waiting for a breakthrough moment, it’s about building systems that work quietly in the background. Once I adopted that mindset, I felt calmer, more deliberate, and far less controlled by distractions, fear, or noise online.

    117

  • @WealthMoney-x9f · 1 month ago

    Lifestyle creep gets us all if we aren&apos;t careful! More money, bigger traps. 📈💸

    66

  • @sifulsharder6300 · 1 month ago

    On a flight from Tokyo to Chicago I sat next to a woman who manages portfolios for ultra-wealthy families. She wasn’t bragging, just explaining how people misunderstand “wealth.” Before we landed she asked if I read The Other Side of Order by Steven Humsfeld. I hadn’t. I ordered it the same night. The part about silent power structures hit me harder than any business course I ever took.

    236

  • @canny8228 · 1 month ago

    I think little Timmy&apos;s Jiu Jitsu dojo used to be a Pizza Hut.<br>Just a hunch...

    43

  • @AltcoinsNews-v6d · 1 month ago

    About Market Dumps and the Bottom<br><br>When the market stays red for three days straight, your instincts tell you, &quot;Run!&quot; When it&apos;s green, they say, &quot;Buy more!&quot;<br><br>Professional investors often do the opposite. The most profitable opportunities usually appear when it feels like the world is falling apart. The market bottom is the most psychologically difficult point to buy.

    6

  • @richard-s4q · 1 month ago

    Unfortunately, not all of us were financially literate early in life.I was 55 when I finally took the time to educate myself and start making real changes. At that point, I was $87,000 in debt with zero savings or retirement. Fast forward just five years I&apos;m now completely debt free with a net worth of over $3M.That may not sound like a huge number to some, but to me, it&apos;s something I&apos;m incredibly proud of. I&apos;m currently fast tracking my wealth building journey, already investing $623,000 and owing absolutely nothing to anyone. Since I joined this channel five years ago, my mindset and financial habits have transformed. It&apos;s a good feeling. May God continue to bless you.

    206

  • @MalachiRavenshade-k3d · 1 month ago

    Reaching retirement at 48 and seeing $28k biweekly is an absolute blessing. Yet, the real victory is knowing my family was there through every step of the hustle their unwavering support means the most. Thank you.

    35

  • @antillie7 · 1 month ago

    A little disappointed to see the 90&apos;s era fund names still being used. I get that you need to be vague for legal reasons but geeze. At least index funds get a mention. Thank you George for being the only Ramsey personalty (as far as I know at least) to (seemingly) quietly acknowledge that the correct way to invest for 99% of people has changed since the 90s. Now if only &quot;index mutual funds&quot; could get a mention money nerds like me would be happy.<br><br>This is a small gripe though. Always good to see more content pushing people towards financial responsibility.

    35

  • @Carpediemx365 · 1 month ago

    People ABSOLUTELY lose track with too many accounts, and missing a deadline by even a day can be VERY costly.

    12

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