Subtle Habits That Reveal a Quiet Millionaire

>> Does flashy always equal wealthy?

“Today we're going to tell you how to spot a quiet millionaire.”

>> My next purchase for a midlife crisis, I have to. >> I don't know who invented Roman shades, but they think very highly of those else. >> I'm going to just throw this in there, then we're going to end the episode. >> The loudest of noxious money play right now on Instagram. [MUSIC]

>> Hey guys, I'm Rachel Cruz. >> I'm George Campbell. >> And this is smart money happy hour. [MUSIC] >> What's fall in glass?

>> That's really nice. >> Or actually is it summer? What season are we in? I don't know, but it's delicious. >> I'll never tell.

>> Well, this is the show where two friends who happened to be many experts talk about what you're talking about, everything from pop culture, current events and the money. >> And gather the children around, because we have a mocktail today that we're sitting on.

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. >> [LAUGH] >> It doesn't matter.

>> You feel great about the color. >> It doesn't matter. >> You know, it can go both ways, George. >> I just don't look good in a purple. >> It's very out of color.

>> It's not a color I would choose for me. >> Yeah, I would say that. You did your colors, though, didn't you? >> I didn't do my color, someone projected what season I am, or what over it's what's that called?

>> Yeah, the color wheel, or the analysis.

“>> There's a color analysis, I think it's like an MLM now, you can go like a party.”

>> Yeah, yeah, yeah, but yeah, purple was not part of yours. >> Not my color. >> Okay. >> Well, George, the internet loves to come up with new phrases when it comes to wealth. >> Yes, we've heard of subtle wealth, but now we have old money

aesthetic, that's a whole genre, a wealth wealth, yes. >> I like that one, because it rhymes. >> That's quite luxury. >> That's a good one. >> Okay, the old money aesthetic, is what you're saying?

>> Yeah. >> Okay, this is a trend, you know this, via Instagram, my algorithm is showing me. The interior design, 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 or '90s, kind of that farm, they're doing colors and patterns where it used to be like just whites and--

>> We're getting away from the sort of minimalistic fashion. >> Yeah, they are coming back around to like warm paintings and like patterns on furniture and all of it. >> Oh. >> It's kind of, it's giving classy '90s vibes again.

>> Wow. >> It's very interesting. I'm not mad about it. My house doesn't look like that at all, so then it becomes a style of hair. Now you're changing it all to keep up with the trends, but by the time you do it, it will

return back to minimalist-- >> All the way out. >> Clinical depression, beige, everything. >> I know, it's so true, but the word-- >> Sorry, it's dope.

Okay, call it what you want, guys. >> But yeah, you watch like home alone in that era and it is a cozy-- >> Yes. >> Cosiness 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. There's a-- >> Ramsie, we call it financial peace. >> 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 brands, 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, you know, it is that kind of quiet luxury.

We call it secret millionaire. >> Yes. >> And I love it. I saw videos in interview with a guy who sells Lamborghinis for a living, and he was like the people that come in here are not wealthy people.

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. >> Oh, interesting. >> Which was very interesting to me, is people who actually have wealth are not going to the Lamborghinis.

>> Yeah, they don't buy Lamborghinis. They may be buying like an old, you know, like a Lexus or something, right? Probably a nicer car. >> Or they want a classic vintage car. >> Yes, sure.

>> Dave Ramsey, he's got some cool classic cars, but he's not out there in a Lamborghini. >> No, no, but I do think, I don't know, it's a classic car, it's kind of old man. >> That is an old man of hobby. >> I do think that's what I will say. >> Or old man.

>> Is he a cool guy? >> He has a newer Corvette and a vintage Corvette. Right, don't Rachel's not the person to ask. >> I don't know. I think so.

I think you're right. I've heard him talk about it. >> I've heard him talk about it. That's why I mentioned it. >> Yeah, we're getting some thumbs up.

>> It's cute. It's like a little, like. >> No, I'll probably call it. >> Please don't tell Dave Ramsey's car is cute. >> It's like going around.

>> It's the last thing. >> I can pick up Dave and Sharon, just pick, pick, pick, do park place.

>> Hey guys, if you ever run into a grown man, never call his car cute.

>> Oh, man. >> There's a little guy there. >> Well, here's the key. Confidence is quiet. In security is loud.

So the louder your truck, the more I know about you. >> No louder the car. >> Yeah, quite a million years tend to be more practical less tri-hard. >> Yes. And we're great if you spend your money.

We just want you to spend it intentionally. And there's no shame there because it's great if you have a great, you know, big purchase you want to make. You're on baby step seven. And you do it like that is not wrong.

>> That means you got no debt, no mortgage even. You've paid off everything. You're living and giving like no one else. Can you go first and tell us what is one sort of flashy splurge you've shamelessly saved for and bought in baby stuff?

>> I would say my Tesla. >> Oh, the car itself. >> Yeah. >> It's like, this is a flashier car.

“>> I think, I mean, I would not call a test.”

>> It's not a minivan. >> Yeah, I would not say it's flash. She's not a minivan.

>> But the model less is very, it's a very batman-esque car.

>> Yes. >> It's giving batmobile. >> And I went like kind of Kardashian. I went like white interior. >> Oh, yeah.

>> So I want a little blue sheet. >> For some reason, why didn't your does say, I'm risking it all. >> I know. >> With three kids. >> It's not smart.

>> Would you call it a midlife crisis? >> The magic eraser is great. >> You can use a magic eraser on your seats? >> Yes. That, and that's what they said to do.

>> Who's they? >> The Tesla people. >> Wow. >> That's what it's called, right? The little sponge.

>> I don't think you're called the Tesla people. >> The actual eraser is a two magic eraser. >> But yes, on the seats, and it gets everything out. >> It's great, yes. >> Okay.

>> A midlife crisis. No. My next purchase for a midlife crisis, I have to. >> Oh, love it. >> Just kidding.

>> I'm going to go in the car sector. When I get done with my minivan. When the kids have outgrown it. >> Yes. When I moved on, because I was supposed to move on when Charles went to kindergarten.

When we bought the minivan, Charles was like five weeks old. You can see did things as temporary. >> And I said, let's get it for five years.

“Remember my five-year car, and we're here.”

Five years later, and I can't get rid of it. >> It's too practical. >> It's too practical, George. It has no miles on it, because we just, like, >> Yeah, it's all around town.

>> You're not doing road trips. >> No, so I just, like, I don't know. It's just, yeah, I can't get rid of it. So when I get rid of it, I feel like I'm going to have middle schoolers. I feel like when moms hit middle school age,

that's when stuff starts happening. That's for the next midlife crisis. >> What are you going to do? >> Are you ready for this, George? >> Oh, you're going to eat the eyelash thing.

>> I like it, it's done. >> That's so sick. >> Wow. >> I have hooded eyes. Thanks, Dave. >> Genetics.

>> Is that a thing I can Google hooded eyes? >> Oh, it's a real thing. Black live, like Taylor Swift. Yes, there is a thing. >> All the great time.

>> All the great time. >> Great. >> You only mentioned it. >> You only mentioned it. >> Okay.

>> But, yeah, so you just, it's called an upper, upper, black, black, black, upper, black. I don't know.

“Anyways, but when I get that done, George, you'll know.”

>> That's your next luxury shameless splitter. >> Yes, yep. Okay. I went roll of honourable. What are you going to do?

>> I have no vulnerability. >> Come on, George. Do you want any plastic stuff? >> It's really all about my kids at this point. No, no plastic surgery.

>> When you get Botox and other tattoos. >> No, no Botox. >> Okay. >> I might go to Turkey for like a hair transplant one day. >> Yes.

>> Some of my hairs in good shape. I got a little on the crown there that could use some love, but other than that, I would say this new house will be moved. And we did some house upgrades that like, like put a pit in my stomach a little when you pay for these things

and you're just like bleeding money. >> Yeah. >> It's like a water filtration system. Our water was super hard before. And so my wife was like, "Please, I just don't want greasy hair.

Can we please get the system every bathroom again? >> Why does that go greasy here? Do we know? >> I don't know. She blamed the water.

>> Okay. >> It caused you to get greasy hair. >> The water is just harder to like get things clean. And I don't know. >> Okay.

>> You can Google it. >> Okay. >> So we got the water treatment. >> We have your lady tell us about it. >> She'll know more about it than I do.

>> Okay. >> But I conceded and so water filtration. That was a big splurge. >> Yeah. >> That's not a midlife crisis though.

>> It is for me. >> Okay. >> Yeah. Also just getting like window coverings. I don't know that you could just like my first car didn't cost as much as window coverings

for an entire house. So, you know, I'm learning a lot. >> I'm so sorry. What? >> I need hobbies.

>> What's window coverings? >> Like, you know, Roman shades? >> Oh, I'm sorry. >> If it has to work with a Roman. >> Yes.

>> It's what I would say. >> Yes. >> Then coverings.

They don't always cover it.

>> I don't know who invented Roman shades, but they think very highly of themselves. >> [LAUGH] >> Like, Caesar himself must have invented this. >> Yeah. >> Well, they're not any typical shades of Roman shades.

>> And they cost 10 times as much as any other shades.

I agree. I concur.

“>> So, that's where I'm spending my money to look flashy.”

>> [LAUGH] >> To be passed by my house. >> Not very quiet luxury in the air and shorts. >> So loud. >> Oh, my gosh.

>> So, let's do a deep dive on what it actually looks like to be a quiet millionaire in today's society. Some of the aesthetics, the social cues, and really the proven financial principles that these people have taken on in their lives that have gotten them actual wealth. Real wealth, which I love to see.

>> Let's start with aesthetics. >> Okay. >> That's what really matters in life. >> That's super fun. >> The downward appearance.

>> Yes.

>> The first thing you see is the first thing you judge.

>> Very important. >> It's the timeless style, George. So think about JFK Junior's wife in the 90s. So you got Carolyn Kennedy, timeless style, Ralph Lauren, Calvin Klein, Chanel.

So anything that really has a tag that's like a hundred percent whatever. >> A pure material. >> Yes. >> A pure graddash mirror, like a hundred percent. But again, the colors.

It's very like creams, navies, blacks, hunter greens. It's a very, there's a look. There's like an aesthetic look. And they go more of that versus big flashy logos. >> Loud colors, loud patterns, big logos.

>> Yes. >> That's not really what the true wealthy people are doing. >> Yes.

“They're a little bit more into the radar, even with their style.”

Very timeless. I'm going to say this. George, look at this. >> That looks like cashmere from here. >> Okay.

So like this. Yes. A very simple plain cashmere sweater, right? >> Time to sort of last your lifetime. >> It's all in here.

>> Yep.

So there's something about that.

>> I work for this. >> George. >> Am I timeless? >> You got quarter-roy. >> That's one with a tan, quarter-roy, a navy t-shirt.

>> A child's book. >> To your quarter-roy, the quarter-roy book? >> Yeah, it's a book. >> No, that's true. >> With the little bear?

>> There's no kids book called Cashmere. [ Laughter ] >> That's true. I do love the book. We actually read that to my daughter.

She loves it. She has a quarter-roy teddy bear. >> No. >> With the green. >> Yeah.

>> Overalls. >> Precious. Time list, George. Look at you. >> Mean quarter-roy.

>> Look at you. >> Dream and big. >> I love it. >> Next up on the list, classic cars. >> Okay.

>> Nothing too flashy. Nothing too loud. Brands and offer reliable luxury. >> Yes. So actually when we did our study at Ramsay Solutions about millionaires.

Toyota Honda, all those run the list. >> Acura Lexus, BMW. >> Yeah. >> But those others, which are a little obviously higher-end, see that your Lexus BMW. So it's more of that range.

>> Which is essentially Toyota and Honda. >> Yes. >> By the way. >> Versus. >> Perfect.

>> Versus like the Lamborghini, like you're talking. Or like the big crazy foreign cars. >> Yeah. >> Super luxury Porsche all those. >> Yeah.

>> Do you say Porsche or Porsche? >> I know. >> Can I tell you why? >> I'm saying Porsche because I feel like it feels protected. >> Okay.

>> But it's the accurate thing. >> And I said Ralph Lauren, but apparently people say Ralph Lauren. >> Lauren. >> Yeah. >> This is like a thing.

So I don't know. >> That's what we do. We buck the trends. Don't we? >> Yeah.

>> We'll buck the trends. Or we'll fall for the traps. >> A smart man once said that. >> What you said? >> We issue the trends.

>> Next up, a modest paid off home. So, think 90s luxury four bedrooms, suburban, golf course. They bought it, paid it off. And they're just invest in the extra.

>> So there's some contentment there of like they're not always trying to just upgrade

to the next thing. >> That's right. >> We're already seeing a theme here. >> Yeah, that they're good with what they have. And they'll just keep building well, feel good about themselves.

>> They're fine. >> Yes. >> Now you might walk into their home and go. This is a beautiful home. But they could have more extra.

>> That's a great one. >> That's a great one. >> They could always be more, but they are great with where they are. They don't have to continue to upgrade.

“And that, I think that that is a mindset that keeps people pay check to pay check.”

Is, oh, I get a raise. Well, I got to up everything. >> The life is so great. >> Yes, that if you kind of just stayed where you were, you're good. Then you just build wealth on top of that.

>> Well, I think young people fall into this trap because they're trying to have what their parents had. But they want it 25 or 30 years earlier. >> Yes, that's true. >> But they have a five bedroom home.

I want that. But they work their whole life to get that. >> That's right. >> Even if it was cheaper, like we know housing prices are insane. But they're still this level of just like, well, I don't have that yet.

>> I want to get it quick. It's the instant gratification. That's real. >> You know, one of my financial goals in 2026 George? >> Yeah.

>> Is to stay safe on the internet with all my info. >> Look at you. >> I know. I went up removed. Get it out of here.

Because did you know that data brokers will collect your data. You know, you're not going to get it out of here. You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here.

>> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here.

>> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here.

>> You're not going to get it out of here.

>> You're not going to get it out of here.

“>> You're not going to get it out of here.”

>> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here.

>> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here.

>> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here.

>> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here.

>> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're not going to get it out of here. >> You're going to get it out of here.

>> And you're going to get it out of here. >> And you're going to get it out of here.

>> And you're going to get it out of here.

>> And you're going to get it out of here. >> And you're going to get it out of here. >> You're going to get it out of here. >> And you're going to get it out of here. >> And you're going to get it out of here.

>> And you're going to get it out of here. >> And you're going to get it out of here. >> And you're going to get it out of here. >> And you're going to get it out of here. >> And you're going to get it out of here.

He's got a good vibrato on him. You can hear him coming across the room. >> He will give a good shout out of here. >> But Dave is also pretty quiet in a lot of ways, which is interesting.

“>> Yeah, but I think it's about the subject of what you're talking.”

If you're sitting there yelling about, I say yelling, shouting loud obnoxious about how much money I made this show. I got this and this going to make it this and this. >> It's part of me.

>> Which is most social media. >> Why do you need to? >> Yeah, what's the need? >> What's the need? >> That's the funny part.

Actual wealthy people aren't out there making like social media videos. Like, you know, here's how we're. >> Yeah.

>> It's all these like influencer types with a course to sell,

but how to get rich quick and leverage debt. >> Right. >> I can't wait to not use social media when I hit 60. >> Look forward to that. >> I'm going to.

>> When I retire, I'm retiring from the internet as well. >> You know what? >> And it's a good life. >> That's probably. >> I think I live longer.

Don't you think? >> I don't even live past 80. >> We'll see. >> Speaking of social media. >> No, from another episode, if you know it.

>> It's called a callback for the true fans out there. >> Yeah, if you know, you know. >> Social media into social cues. >> I love it. >> This plays into what we were talking about.

They ask more than they talk. >> Okay. So, you're quite a millionaires. >> They're interested in you. >> They're serious people.

They're not here to be like, "Here's about my life." >> No, funny. >> They're funny. >> Very secure. >> You know people on both ends of the spectrum.

I know people, and they're fine people. >> Yeah. >> But you're like, "Oh, yeah. I know people." >> I also know wealthy people who also talk a lot.

They're not my favorite, but I know them. >> Yeah, that's true. >> Yes. >> This isn't black or white. >> Yes.

>> But in general, if you had hysteria type. >> Okay. >> I don't know. >> Highly disciplined. So, they have a routine.

They are consistent. Even a uniform. It's a great job. She's got a black term. They are.

>> Well, be your uniform. If I had to say Rachel, you wear this one thing forever. >> That's a great question. >> I'm going. Is it seasonal?

>> It has to be all season. >> No, man. >> But your indoors, 90% of your day. >> Okay. >> I'm going to go black sweater.

>> Okay. >> I'm going to go these jeans. I love a white dress. >> Yeah. >> Comfortable.

>> This is pretty much- >> I like to wear this outfit. >> Wow. >> Yeah. I got it on.

>> That's great. >> Yeah, similar. Normally, what I do is black jeans, black t-shirt, and then I'll throw on a layer at work for different video shoots and things. >> That's smart.

>> So, that's kind of my Steve Jobs outfit. It's just black on black. Some sneakers. >> Very quietly an hour. >> Yeah.

That's what I do. But it's more for practicality because I hate changing. >> Yeah. >> All right. Next on the social cues of quite a millionaires.

Pickin' up the check. >> I love this. >> Real non-chalant. Not making a scene. Not going, hey, guys.

I'm going to cover the check. Just kind of sneakin' over to the waiter, and the card that come back, and everyone goes, "What happened?" Oh, no big deal.

I just want to cover it. >> I love that. >> And I'll shout out, my brother does this a lot. >> Aw. >> When he's out, when he's visiting, he'll be the guy that's sneak over to the waiter.

He said he's going to the bathroom. What he's really doing is sneaking his card to the waiter to cover the meal. >> Hey, I love that. >> And they come back with the bill, and then we all go, "What?" >> Yes.

>> No. >> So great. >> But it's very nice.

“>> I think that leans into generosity without flaunting it.”

>> Yes. And I love paying for people's meals, and they don't know you've paid. And so you just sort of like, "Hey, just put their tab." Whatever it is on this card. And then you leave.

>> Do you do? >> It's my favorite. We've done it, yes. >> For random people? >> No, no.

>> It's like people we know, or there wasn't a event where a few people kind of came up. So once was like, "Hey, let's cover their meals tonight." Which was nice. But yeah, it's usually like people, we know we see, and we're like, "Oh, like, yeah." >> That happened.

>> Is it ever happening or someone covers your meal?

>> Yes, and I'll never forget it.

I'm going to shout him out. Bill Hampton. >> Yes. >> So Bill and Amanda, Bill used to work at Ramsey. And we were just married.

We didn't have kids. I mean, this was like, "Holy, we were probably living here for two years. "We were in the pockets in downtown Pranket. "I'll never forget this." We were 24.

And like, go out to eat. It was like a Friday night thing. And I remember we had to spend under like 75 dollars to stay in the budget. It's like, once they got a water. I think I got a sweet tea.

Like, I just remember, like, we, I don't even think we got an appetizer.

“Like, it just, like every time I remember that feeling.”

>> I remember that feeling. >> Yes, I'm just being like, "Hey, we can't. "It was not the days of like, "Oh, yeah, okay, whatever. "It was a, we had to be very, very aware of what we're ordering." And it was going to be out of our budget.

Like, one of the four times we could go out to eat. And we saw Bill and Amanda and he paid for our meal. And you would think he gave us like a million dollars.

We literally were like, "Oh my gosh."

>> I look back now, it was like 75 bucks. But for us, as like 23-year-old newlyweds, it was the biggest deal in the world. >> I love that. >> I just remember that feeling.

And so, especially young couple. Yeah, if we see people, we know. Especially if they're younger. I'm like, "Oh, all day. "I will pay that forward."

>> This is another feeling. It's so great. You're like, "Oh, gosh, you get to go out to eat." >> That's a fun thing to budget for in your own budget. Once you're out of debt and you have the emergency fund,

just budget to cover people's meals. So one of the nicest things you can do. >> Yeah, we did that. This year, George, we changed up our giving. And so we have a line item and every dollar for extra giving.

That we have month to month.

“So we just have a fund and we try to use it.”

>> But we can't respond to any of this. >> Yes, and try to find ways to do that. To spend the money, but restaurants is one of the things.

So if you're able to budget like extra giving in the budget,

we're going to show up at the same restaurant as you. >> Just to share. >> Just to share. >> I'm going to Georgia, Rini, over there. >> We should definitely, their Roman shades are so hard.

>> So like opening clothes. They've struggled so much. >> So European. >> So many. >> So tired.

>> So tired. >> I fan did that to me recently. My wife and I were out with our baby girl. >> Thank you for you. >> She ran in, she didn't even want to say hi.

She was, she just kind of like paid for the check. And I went, I'm sorry, who was that? And she's like, oh, she's over there. And I went and talked to her. I was like, hey, I just want to say thank you so much.

And she's like, no problem. I went through financial peace university. And like, what you guys do just means the world. And I just wanted to bless you all. And it was just like the sweetest thing to do.

>> That's awesome. >> Number one anonymously. >> Sure, totally. >> Which is even more of a flex. >> Yes.

>> That's super quiet wealth. >> Yep, I love that. >> So it made me want to pay that forward and do that for others. >> Love it. >> Okay, next up, they have interesting hobbies.

>> So trying to work on this one. >> Golf, gardening, charity work. So when you have margin, you don't have to stay in the grind of work all the time. You're able to be a little bit free even with your time, which is definitely, I would say a luxury.

>> Yeah. This is me. It says disclaimer. If you're currently a parent in your mid-30s and you're eye rolling at us, it's normal if this isn't a reality for you right now.

Thank you. Thank you so much. This is my reality right now. >> Yeah. >> I look forward to having hobbies one day.

>> I know. >> What do you think I should do? >> Because like, all my neighbors are like, "Hey, you should come golfing with us." >> Would you ever cycle?

>> Like on a bicycle? Like outside or inside? >> No. >> Like a spin class? >> No, like on a bike.

>> Like on the front level. >> Like on the front level. >> Not feeling super dangerous. >> I don't know. I just feel, I feel like you could cycle towards.

I don't know why. Just saw you on a bike.

“>> I think I should be mentoring youth or something.”

Something that isn't like going to get me injured. I think travels up there. Now many golf, if I could start looking many golf, like why go to the course for the day when I go to the tiny course? >> Yes, pickleball.

>> Yeah, I did play with our friend Ken Coleman. >> How was it? >> It's good, but the environment has to be right. I need to be playing with people who are worse than me. And the temperature has to be below 70 times.

Preferably cloudy. Your boy is not trying to wear sunscreen. >> I know UV can penetrate the clouds and it's actually, I get it. >> But still, no, I'll find some hobbies.

Don't worry about me, I'll be fine. >> One of the best things I think this year for me, personally, is all the cozy earth stuff I own. >> It's a year of cozy for you. >> George, am I kidding?

>> It's not cozy air. >> It's one of my favorite things. I will leave this workplace and I will go home. And I will be putting on my cozy earth pants.

I mean, all of it, seriously, it is one of my favorite things.

“Because you can get dupes on Amazon, like for things, right?”

But there is something different. It just feels different when you buy the real stuff and it is quality products. And I'm not just talking about clothes. This is sheets and blankets and skin care stuff.

It's just amazing. Everything they make. It's luxury quality and it really is the best. Every time I get home, I immediately, I'll hug the baby's real quick and then I go change into my loungewear.

>> Yes. >> That's a routine for me and I love when I slip into those joggers. It's just the best. It makes the night even better. >> Yeah, and it's become the place where I get gifts.

Like if someone has a birthday or something, yes, I would love to get to something from there because, again, everything is so quality, so so quality. >> So go to cozyart.com/smartmoney and use the code SmartMoney for 20% off.

>> All right. Next up, George is financial habits of the quiet millionaires. They own, not, oh. So debt free living is their specialty.

And once you're debt free, you know, you wanted to say that way

because then you get to save money and build wealth. >> They're like, why would I go back into debt to other people money? >> That's right. >> And now the caveat here is people are already listening on. I know wealthy people who have debt.

There's a difference between leveraging debt

“for some kind of investment versus consumer debt.”

When we found doing our millionaire study, they're not caring consumer debt. They're not caring credit card balance. They don't have car payments. >> Yes.

>> The true millionaires out there that are actually in reality, not on social media, they simply don't do with debt. >> Yes. And that's the videos that I love when they do these millionaires on the street is like majority of them are like,

yep, we just paid off everything. We don't debt. We just have investments and use the investments and travel and do things. So it is a very true thing that being debt free,

not only contributes to your actual net worth, like the number itself, but also the piece of mind when you don't know. It's amazing. >> Whether they intentionally follow the Ramsey Baby steps or not,

they kind of went down this path where they said, if I get out of my consumer debt and stay out, if I have an emergency fund of three to six months of expenses, if I build wealth for the future through investing, I'm going to be okay.

>> Yes. >> I'm not going to be stressed about money. I'll have money left over to do things I actually want to do, like give or travel. >> That's right.

So you guys remember these steps. Get a thousand dollar emergency funds, build that up, then pay off all of your consumer debt, once it's all paid off, then build up a fully funded emergency fund of

three to six months of expenses. That's kind of the step then to free up your income, then to invest, which is what these quiet millionaires do. They have old school investing strategies.

So they are man. They're in the Roth IRA, 401k. You know, maybe a brokerage account here or they are some index funds. >> Some non-retirement funds.

>> Yes, but they are, there's nothing flashy about that. >> If you ask them how they did it, no one is like, well, I just downloaded the Robinhood app,

and then I got into crypto early on, like sure there's maybe like 0.001%. >> Sure. >> But majority of people. >> Got lucky.

But most of them, just traditional investing into the overall stock market through mutual funds, which is giant groups of stocks instead of one. And so the key is,

they got the financial literacy they needed, or they work with a pro, like an investing professional to help them with this. Instead of going, well, I just don't know,

I'm scared. I'm scared of the stock market. >> Yeah, they don't do it. >> Right. >> There is more risk and not investing,

than there is in investing the right way. >> That's right. And I love this strategy too, because it's not stressful. >> Well,

do you know what I'm saying? Like if you're in and out of the market all the time, trying to sell this?

“So I buy, like, how often do you look at your investments?”

>> I mean, I hate to say it once a year. >> Once a year. >> When we sit down with our investment professional, and we look at everything, that's it.

And it's for the long run. We'll do tweaks, I guess, a little bit here and there, but it is nothing massive. And you just ride the course.

So you're not worried about like, "Oh, no, this happened. This happened because you're like, "Okay, I have literally a few decades "for this is straight now, and it will."

So I like that. I kind of like the, I don't have to stress about it. >> Keep it simple. >> And if you guys want to understand this stuff,

you're going, "Hey, it overwhelms me. "I don't know what I'm doing. "I want to be more confident. "You can go check out the Ramsey Investing Guide. "It's completely free.

"We'll drop a link in the description "for you to check that out." And that will give you the confidence you need, "the boost you need to get investing "to build a compound growth."

>> Love it. >> Next storage, their entire financial strategy isn't built on airline miles. >> Now this is, so we've said for a long time.

Millionaires didn't get rich because airline points.

We never said they get rich because airline--

>> Here's the concept behind it, is that you're chasing the wrong things. You're trying to finesse the system and get the points and get the cash back and get the miles.

You're playing the wrong game. You're playing the game, the credit card companies want you to play. Which is, spend more than you normally would have,

also that we can give you some measly points and miles

like give you a free hotel stay every once in a while. And they think that's what winning is. So we need to redefine that for these people. >> Yeah, when you get more excited about getting a free airline ticket, then the percentage of your income you're putting into investments.

>> That's the big question. >> Probably the wrong priorities. >> How much are you investing every month

“versus how much are you talking about your points and miles?”

>> Yeah, so it's a bigger strategy. They're not looking at those tiny little nuances of trying to finesse the game. They are beyond that George. >> I love it.

>> Also no student loans. So if they had them, they pay them off and they prioritize their kids education and so they will save up for their kids to go to school. >> And that's part of the proven plan that we teach.

So once you're out of debt, once you have the emergency fund, once you're investing 15% into your own retirement, that means you have your own mask on. Now we can help out the kids

by putting money away into a college fund. I personally use a 529 plan. And what's cool is you don't have to use your state's 529 plan. So they're state specific,

but I think mine's in like Utah. >> Yeah, there you go. >> So I'll be honest, George. I don't even know if I know. >> Yeah.

>> I'm going to find out. I'm going to ask Winston's on top of this. >> And now because we have one for each of the kids. >> But it's a simple way to invest to have compound growth that has tax advantages

and people always go, "What if they don't go to college, Rachel?"

And I go, "What if they do?"

“And you don't have $100,000 to cover the deficit.”

>> And now it's a war. >> So I'd rather have too much. And also, you can now roll over 35 grand into a Roth IRA if they don't use it. And there's all kinds of stipulations and rules.

So you can look into that. And then the other part is if they get a scholarship, you can actually pull money out of the 529 plan against that scholarship. >> Or that.

>> With no penalty. >> Well, Rachel, everyone trying to get their money right again. And the problem is, if you don't have a bank that's actually fighting with you instead of against you, you're going to have a hard time.

>> Yeah. >> And who you choose to bank with matters? And it's why I love fair ones credit union. It's the easy choice. >> Yeah, they're amazing.

They make everything so simple. And when we signed up for our smart bundle, which is the no fee checking account, and you get the Ramsey debit card, the Bware debit card, it's awesome.

And then a high yield savings account. And when we did it, it was so simple. Like it was so easy. Everything just flowed. I was like, "Oh, information is that it?"

And then they called the next day customer service just to make sure everything was fine. They're amazing. So the people behind the scenes are incredible. They love the Ramsey principles and working with us.

Because we talk about banks a lot. You guys are usually in an negative fashion,

but you'll never hear anything negative about fair ones

because they are amazing. Not only the service that they provide, but also who they are. >> And if you're going, well, it's online. What if I need to do some in a person?

Well, they have a home network of credit unions that they partner with and a whole network of ATMs. So you don't have to worry about that. So go check it out for yourself. Go to fairwinds.org/RAMsey to get that smart bundle

or click the link in the description. >> All right, last but not least, with our quiet millionaires, George, they still bunch it. >> I thought once you get rich enough,

you just don't even bunch it. >> I believe that. No, I will give the caveat. I do think for if you really do have no debts, no mortgage, all of it.

They're probably not very, very, very detailed with it. It's like I have talked to more and more people, but they're big buckets. They know where their money is going still, but they're not worried about every little five dollar charge

here or there. >> Well, there's so much extra margin. >> It's big, yeah, it's big buckets of the use. Now, I will say, I still am very, very, very detailed with our budget. I still track every transaction,

because it just makes me feel good. But I can see people living on Baby Step 7, because I've talked to some of them. Like on the Ramsie Cruise and stuff, like we've interacted with a lot of these Baby Steps millionaires.

And we'll talk about budgeting, like yeah, we're a little bit more, which I'm like, that's great. When you get to that point, you can be more general with it, right? You don't have to nickel and dime yourself

every little thing once you get there. >> I can style every penny. >> Right, but they still have these buckets. They know they're giving. They know they're investing.

They know their lifestyle. Travel, right, they have buckets for travel. And I just appreciate that that they're so really intentional with their money. It's how they got there.

And there's a level of managing it well that continues to let them have wealth. And budgeting is that. >> Yeah, we had back in the day. I used to think budgeting was like for broke people

or Excel loving nerds. >> Uh-huh. >> And I realized that I was broke until I started doing a monthly budget. It was just super freeing to actually just pay attention to my money. He realized, oh, I made good money.

What am I doing with it? Oh, here's where it's going, because I'm tracking transactions now. And all of that becomes a habit that forces you to go, where do I really want to spend my money?

Do I want to pay off debt? I want to pay off debt, right? Put your money where you're mouth is, put it in the budget, plan for it. That's all a budget is.

“And if you want to spend money, the budget's not going to shame you for it, because you”

created it. That's right. Plan to spend. Put the travel fund in there. Go for it.

That's right. That's right. That's right. And if you haven't budgeted before or maybe you have, make sure to check out every

work the whole RMSE plan and give you recommendations, digital coaching, like there's so much

to it. So we are really excited about it. I have some of it. Go check it out. Links in the description below.

Alright Rachel, if you had to choose your number one millionaire money habit, a financial teaching you square by that will work for everybody every time I would that be. Hmm. That's a hard one. I'm going to say consistent investing.

Yeah. If we're talking millionaire, we're talking about wealth. Yep. Yeah. I'm going to say investing.

Always invest. Don't. Don't skip. Keep going. Oh, and over and over.

“But I do think you have to be debt free to do that as the debt free living to.”

I'm very much subscribed to. Yeah, because most people when we talk about investing, I'll say, hey, if you invest, you know,

however much, 700 bucks a month and they go, well, nobody has 700 bucks a month.

And I go, what's your car payment? What's your student loan payment? Hmm. It turns out you do have that money. You're just giving it to a lender every month instead of building your own future.

Yeah, people easily are spending $1,500 a month on debt payments. Not on mortgage. Yeah. Depainments. And investing that money instead, what it can do is like mind boggling.

Yeah. How are you? Yeah. I mean, millionaire money habit. I would say like automate the stuff that's good for you and add friction to the stuff

that's bad for you. That's good. I think millionaires do that. Yeah. I like that.

So like automating, I mean, like I have a system where the money in my 401k just goes there before it ever hits my paycheck. So they don't see it. It's at a side at a mind. It's not living rent free in their head.

They're just going about their life.

“There's a reason they seem more peaceful and free.”

Yes, they don't have money stress, but also they're not trying to keep track of a thousand things. They have a pretty simple financial life, more than you would even think. I mean, when you look at Dave Ramsey's entire wealth, it's real estate and mutual funds. Yep.

He doesn't have 17 things going on. Now that in Manusha, of it can get complicated, but he has people experts in his corner that do that. And so that's the other piece. The millionaire money habit is offload and delegate the stuff that you don't want

to deal with or don't have expertise in. Yes, have a team around you. I think that is so smart, too. It's huge. I love it.

All right, George, before we spill the tea in our guilty search segments, give us the deets on the drink. This is the Apple Ginger Fizz mocktail coming in at $1.78. OK. I feel like it's this is hitting my rating as a 10 out of 10.

I'm going to say the name is scarier than the drink. I don't know why the new Apple Ginger Fizz feels like it should be for a toddler. What you could give this to a toddler, if they can handle a little fizz, also a lot of sugar in this. Yeah, I'm going to go eight out of 10.

OK. A little tart for me. But you like the tart. I like it, tart. You like the tart.

I want to feel like someone punched me in the mouth. I feel that a little bit, not going to lie. But it's like a sour candy. It's good. Yes.

It's almost like a sour candy. Let's go away. It's got apple cider, lime juice, apple cider vinegar. That's got a little punch to it. Ginger ale, cinnamon, and mint leaves.

Ah, very refreshing. Very refreshing. I said it at the beginning when we first took a sip, I was like, ooh, that's fall. Kind of feels fall, but then you're like, no, it feels kind of summer. It's like an in-between seasonal drink.

I like that. So get the rest to be in the show notes. Give it a try this weekend. See what the kids think. That's what really matters.

Think about the children. Think about the children. Now it's time for guilty as charged. And this is where we ask each other. For guilty search question every week and if we're guilty, we take a sip.

All right, George, you ready? Oh, boy. Do you have any loud millionaire habits? Oh, gosh. A habit?

I guess telling, I mean, part of my job as a, I'm trying to make it aspirational for people to build wealth. So I have to say, like, hey, I went from broke to millionaire.

And people look at that, like, I'm trying to flex and talk about, oh, he's always talking

about, like, no, I'm just telling you. As the average George, like, this is where I was. And this is where I am now. OK, that is true because you said earlier in the episode, all these, like, hey, guys, it's you boy, it's exhausting.

That's how you hate social media. You want to get off? That's why.

“But my loudest, if you just, like, looked at me at face value, I think, probably, I”

guess my watch because it is a luxury one. And as famously known, it's an inherited item. Yes. So I did not pay retail price for this. But it feels flexy, like I still have a little, like, I'm trying to get used to it.

OK. Wearing it in public. It's kind of wild, too, since you've had it. I'm getting, yeah, I've become more comfortable with it because I was famously an Apple watch guy.

But then I realized, I'm not even really using the functionality of this one, yes. How about you? What about, you know, what, you have a bag that's like a nice bag. I don't know bags. Oh, yeah.

You could have told me it was from Target. I would have known the difference. Yeah. But it's apparently a designer bag very nice, the ladies in the office know. Yes.

I know. And I don't, I've heard it pronounce like 30 different ways.

Go yard, go yard.

“Like there's all these different ways people say it's, but it's that.”

Is it French? Yes. OK. And French people love us now, because you can't buy it online. Oh.

So like a Louis Vuitton or, you know, some, you know, a Gucci, you can, like, order online. Yeah. You have to go to the store. So I went to the one of Beverly Hills. Right.

OK. Nice. I was in LA. When Beverly Hills, like, this is my, this is what you're hanging out with. This was my story of, I mean, this is like an old story now, it's over a year old.

But I was in LA for work and Winston was with me and it was my birthday weekend. And he was like, we should go get to that back. Yeah. Because yeah, there's, I think there's a store maybe in, like Miami, New, I mean, I don't know, I'm making this up.

Miami, New York, Chicago, LA, Vegas. I don't know. Like, yeah, the, the nice or, you can get cities and then, of course, international. And I like it, too, because you, if you know, you know it, the pattern.

But if you don't know it, you would never know.

It is a quiet luxury. Yeah. There's kind of like a vibe to it, which I like. But I feel like now people feel like it's become more popular now, if I see more and more.

If you're a dude, you will not know this purse. OK. Yeah. So I like that about it. You know?

Yeah. I like that, too. Can I tell you, I got my wife a, a push present, which guys, if you didn't know that I learned this the hard way. There's something called a push present when a woman is about to give birth.

“You have to buy her a really nice gift to say, you're awesome.”

Let's spend even more money right now. I thought like the hospital bill is enough. Oh my gosh. So yeah, I got her a push present and got her these, like, luxury sunglasses. Oh, yeah.

She found basically the same ones like Amazon knock off and I swear she wears those more. No.

They're just as, that just is good.

Yes. That's tough. I'm just sort of like, yeah, the sunglasses game I could go, I do Amazon for that. I don't really have one pair of ray bands. That's the nicest sunglasses I have.

Yeah. But there's something about a real bag, like that's leather, like the quality genuinely is great. Like target bag, except yeah, the straps for it. We have to down to your children.

Oh, gosh. That feels. Well, they'd be fighting over this bag one day. I don't think it's that rare or will it be at a style like a very Bradley or something. Sorry if those are, sorry if you own one.

I'm not trying to be mean. I just, I know that used to be that. I love a very Bradley tote when we travel a duffel. Now, that is the loud. I wouldn't say it's luxury, but it feels like it.

It does look like a quilt, a grandmother's quilt, I get it. I know. Okay. I'm going to just throw this in there and then we're going to end the episode. When we are filming this as of right now, the loudest of noxious money play right

now on Instagram is the sorority rush videos.

There is a thing, a world, which, which I was the sorority girl, never was this my

world.

“We didn't have X and Horsew, kind of, we didn't have social, I think we had Facebook.”

We ended up getting Facebook in college, but like, we didn't have all the other things. In these girls' church, we'll like do their OOTD's outfit of the day. Oh, I got the rush dance videos. Well, those two, but they say what they're wearing to these, like rush parties, and it's like thousands.

Does it get to you? Do you just say, am I in Lilloo? Am I in Lilloo? No. Jordan.

It is crazy. So, anyways, that comes up in my feet now, and then I'm so stupid, I watch like three of them. Now, my old algorithm is like rush talk, whatever that is, and I'm like, oh my lord. Yeah, we didn't show it to me a video. I mean, it's crazy.

That's amazing. That is life. Yeah. Love you girls. I would say it's already in general just loud.

Anything sorority related is like, I'm trying to be better like that though. Or maybe it was, and I was blind to it. Well, we're not social media. So I think there wasn't a phone. I'm telling you, it's yes.

It's not a very localized level of funding. You know what I mean? You couldn't get past your campus. Right. Oh, yeah.

Yeah. Okay. Anyways, that feels like the opposite of quiet millionaire these days, so keep the prices to yourselves. Is it my mom?

Yeah. You're getting old when you're judging girls in college for just living their lives. You girls. Good luck. I mean, it's not like they paid for it.

Like daddy and mommy paid for the internet. I mean. And then their dormers, I won't even keep going. There's more than much of it. They were putting wallpaper on her dorm, on her dorm, on her dorm.

I don't know. But ours at UT, the dorm is now torn down because it was built like in the 60s. It was dorm rooms should look and feel like a prison. It was. It fell like you were in jail.

Yeah. You were like, sender blocks. I mean, it was. It was very sad. Now bringing like a mattress top or I understand, because I've trust issues.

Sure, sure. I've used mattresses. But it. But again, that and above itself is not bad. It's the standard at which now that creates everyone feels like that's normal.

And then that's the level of comparison.

“When you're in college, you should have that.”

You should be the ones dealing with keeping up with Joseph's. Not for them. These innocent little 18-year-olds have them to your prayer list and have the entirety of rush talk to your prayer list. Man, we watched Freaky Friday with the girls last night.

Did they love it? They didn't love it.

And that was Lindsey beforehand and then she went down.

We prayed for her. And now she's back home.

“Wait, you mean we is in a family or like you is in you?”

I just feel like there's other people that prayed for her too. They're out there. They're out there. The prayer some prayer warriors. Demi Lavado doing great.

Oh, she added to the list.

I prayed for her for a hot second.

Beeper still on the list. You know, I've been worried about it. I just, I, I love, I love you, Beeps.

“And yes, I am thinking about you and praying for you still.”

But I trust you. I trust that. Did we add anyone else? Um, I did see, um, um, Amanda Bines, and I'm very sad. Yeah.

I may add her. Amanda, Holy Spirit's coming for you girl. I'm scared. Right. I'm about to release it.

But here's the thing. Now if there's any progress in Amanda's life, you will take it. That's your toxic trait. Just call me a prayer warrior. I love it.

I love it. All right. If you have any guilty search questions for us, make sure to DM us, @RachelCruise and @GeorgeCamel. And if you enjoyed this episode, make sure to check out our episode, things that scream

I'm pretending to be up for class that is coming up next, we'll put a link for you as well. And make sure to subscribe so you don't miss an all new episode of Smart Money Happy Hour.