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Today I'm in Beverly Hills, the place where Weezer told us that's where I want to be. But can everyone actually afford to be here? That is the question. And we're headed to the epicenter of expensive Rodeo Drive to ask people one simple question that is actually pretty complicated. Are you rich? Before we get to it, shout out to deleteme for allowing me to interrupt all these shopping sprees. Let's go. Here's the question of the day. Are you rich?
B
I am very.
A
What would you consider rich? Like, why do you say that?
B
I say every day to my class that health is wealth. You get rich when you are healthy. And that is the realest thing that you can ever tell someone.
A
What do you do for a living?
B
I'm a fitness instructor.
A
Okay. That's full time.
B
Yes.
A
Is that like a local spot here? What kind of fitness?
B
Yoga, sculpt yoga and strength fitness.
A
Do you do that, like, vinyasa stuff?
B
Oh, yeah. You would love vignasa.
A
The power flow and Power flow.
B
Yeah.
A
Wait, why is there no cold? Yo?
B
Because. Who wants to do that? Your. Your muscles are tense when it's cold.
A
You want that makes it harder. I don't want a challenge.
B
Yeah, well, yeah. And. And you're more limber when your body's heated.
A
Now I want to stay tense.
B
Oh, baby, poor you.
A
That's how I live my life. On the edge. I do have a woman.
B
Well, she needs to do something about that.
A
She's working on it. I'm getting roasted in this interview. Do you have any debt? Currently?
B
Everyone has debt.
A
Who's everyone?
B
Everyone in this whole has debt.
A
I don't have any.
B
Oh, baby, yes, you do. Everyone has debt.
A
Why would I lie to you?
B
Do you have a credit card?
A
I don't even own a credit card.
B
Oh, well, then you don't have debt. But that's how you. That's how you get credit and that's how you buy things.
A
Why would I need credit if I don't have debt? Isn't the point of credit to get more debt?
B
No, I don't think so. I think the rich utilizes debt and credit in order to get more things. You can use it. Debt is not always a bad word unless you are underneath it darkness, you know?
A
But you're on top of the debt.
B
Yeah.
A
What kind of debt do you currently have?
B
Bills. You gotta pay your bills. That school one. Sallie Mae. I'm just waiting on the right president to give us that leeway.
A
I think you have a better chance of becoming a billionaire. Than a president forgiving student loan debt.
B
Well, 100%. Why not?
A
You're welcome.
B
Yeah.
A
So no plans to pay off the student loan debt?
B
9.
A
What degree did you get?
B
I didn't get one. That's why I'm like, I don't want to pay.
A
You didn't finish and now you're just angry.
B
I was just there for the fun of it.
A
It was for the experience. Okay, what did it cost? What's the balance of the student loans now that you're hoping to get forgiven?
B
That bad? Because I did pay some. Some of it off, but then I was like that. But I think it's like around 20 grand.
A
20 grand. Okay. Any other?
B
Worse. But they're finding a way. Good for them.
A
I will find a way. Any other debt that you want to speak of?
B
No, that's it? Honestly?
A
Just student loans?
B
Yeah.
A
No credit card debt? No car payment?
B
Oh, man. We got a car payment, but that's nothing. That's lease. Is that debt?
A
Oh, you lease? Well, a lease is a contract. Yes, that you'll make the payment. So it's a debt in that you owe the money you're not getting out of it.
B
It's good. I told you.
A
What kind of car is it?
B
All debt is bad debt. It's good debt.
A
What kind of car? People want to know what you're driving.
B
I'm a Tesla.
A
What kind?
B
Why Tesla? Because it drives itself. I don't really.
A
Is it the Model Y? Is it the midsize suv?
B
No, it's the car.
A
It's the Model S. I don't know. It's a low car.
B
It's not the big one. It's the car.
A
It's the sedan.
B
It drives itself. And that comes in handy 100% for a bunch of things, especially car concerts.
A
Car concerts?
B
Singing with your hands.
A
Oh, I've never tried that. I gotta do it next time I'm in the car.
B
And you gotta wear really dark shades so the video doesn't read your eyes that you're not looking directly at the thing.
A
You're giving me all the hacks now. Next time I get in my car. This is great. I did that. I don't have that kind of rhythm. Even what you just did right there would have hurt me. Thank you for talking with us. This has been really fun. I appreciate your time.
B
Thank you so much.
A
Question of the day today. Are you rich?
C
I'm not rich.
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What do you consider rich?
C
Well, I'm rich in spirit.
D
As I walk through the valley of the sh.
A
That's A start. You gotta start somewhere, but the pockets
C
aren't up there just yet.
A
Okay, what would make you feel rich? Like, is there a number in a bank account? An income level?
C
I shoot high, so maybe like six figs a month.
A
A month?
D
A month.
A
That's what I'm saying. That would make you feel rich. A year wouldn't do it.
D
Nah, for sure.
A
No, not with your lifestyle or what?
C
Just not with how. Yeah, exactly how I operate in my lifestyle.
A
How much have you spent or plan to spend today on Rodeo Drive?
C
Probably just like 50 bucks.
A
What can you even buy here for $50?
C
Food.
A
Erewhon.
C
Erewhon.
A
I'll get you two strawberries at Erewhon.
C
Exactly. And I plan on eating a lot at Erewhon, so those are good strawberries,
A
I'm not gonna lie. How much do you have in savings, like liquid savings, if you had to buy something?
C
That's confidential.
A
Okay. Is it? You have savings though?
C
I do. I do.
A
Okay.
D
Okay.
A
Okay. Let's talk about investing. Are you doing any investing right now?
C
I have some money in S and P and Tesla and then I also have money into a high yield savings with capital one. And I also have a Roth ira.
A
Nice. Good for you. Okay. How long you been investing for about,
C
I say three years, four years.
A
All right. How old are you now?
C
I'm 23.
A
That's impressive. So who taught you all the stuff that at, you know, 19, 20 years old, you're already building wealth?
C
Just research, just following the right stuff on social media. You know, don't brain rot yourself with cartoons and just silly stuff. You put the right stuff on your social media, then you'll learn a lot.
A
Get the algorithm dialed in. Do you have any debt right now?
C
I do not.
A
No debt whatsoever.
C
No debt.
A
Is that a value of yours? To be debt free and stay debt free?
C
For sure.
A
Has that helped you launch this business with, you know, more peace and less risk?
C
It has, because all the. All the money that I've been earning, I could put it in my pocket, I won't have to pay for anything else other than my business. So yes. Not having debt is non headache.
A
I love that. Well, at 23, you're crushing it. Do you calculate your net worth? Do you track that kind of stuff?
C
I do not. Not yet.
A
Do you know if you're a millionaire yet?
C
Not yet, but in spirit, yes, we're working on it.
A
Okay. What is the net worth that you have as a goal? Is there something in mind? Like, man, if I'm worth this much, I've made it by all standards.
C
I honestly think that there's unlimited money to be made. So I don't really have a goal. I'm just trying to set my family up for success and then that's when I'll know I'll make it.
A
Are you living around here right now?
C
I live in West Hollywood, yes.
A
Okay. What does it cost to rent a place in West Hollywood these days?
C
I have a one bedroom for 3,500.
A
That's got to be a swanky place though.
C
Yeah, yeah, it's a nice place.
A
This isn't like your run of the mill apartment complex.
C
No, no, I was, I was looking for a good place with good amenities, so I had to pay the high.
D
Nice.
A
And you're doing the business full time right now?
C
Full time.
A
That's impressive. Well, best of luck, man. That's awesome. Are you rich?
D
I am not rich, no. But I will become rich, hopefully.
A
Okay. How old are you?
D
I'm 23.
A
Oh, you got plenty of time.
E
Yeah.
A
Okay. What do you consider rich today?
D
I say in today's age, you see, I say having at least six figures in your savings would be considered rich. And having over, I'd say another six figures in investments as well would be considered, I'd say rich.
A
What about income? What would be rich as far as income goes?
D
As far as income, I say 200k and up would be. I'd consider rich or like medium class to high class.
E
Okay.
A
How far are you on the path there?
D
I'm still pretty far, you know. Yeah, I'm still under the six figure mark, you know, and I'm working my way up to I'd say at least six figures within the next six months maybe.
A
Do you have any debt?
D
I do have some debt, yes.
A
What kind?
D
Credit card debt?
A
All credit card debt.
D
And I also do have a car loan, student loan. Car loan? Yeah, I have a car loan and I also have like two credit cards that I have that I have to pay off.
A
Okay, what's the total balance of all the debt?
D
Total balance of all the debt? I'd say it's around. Oh, car loan too?
A
Yeah, everything.
D
Oof. Car loan itself. I did a fat down payment so I have about 35k in that one left. And then credit cards, I'd say it's around 10,000. So 45k?
A
45k total. What's the car?
D
It's an Audi SQ5.
A
So do you think you got that car to like to kind of play the role like when did you get this car?
D
So I actually Had a coaching business last year because I do social meet as well. And in our coaching business, I was making a good amount of money, right. As well as I was also a bartender. So I combined both of my incomes, right? I'd say I was averaging actually over six figures last year. And then my coaching business took a hit, you know, it was due to the fact that I found a girlfriend and I just lost track of everything.
E
Right.
D
You know how it is when you fall in love, you lose track of like, things you do, right? Your goals, you kind of let go of them.
A
You were spending willy nilly to impress this girl.
D
I was, yeah. And then my coaching business took a hit. My income slowed down. I was making good enough money to be able to like, you know, afford the car. And I purchased it as kind of like as a gift to myself for what I've accomplished. You know what I'm saying?
A
Oh, okay. So what's the car payment every month?
D
The car payment every month. I'd say it's gonna be 6, 610.
A
$610. And you can comfortably afford that right now?
D
Right now? Yes, I can.
A
Yeah. Okay, what if something shifted? What if, like you got laid off?
D
Then I would not be able to afford that, actually. I mean, I would have to go through my savings and that would be an issue.
A
How much do you have in savings right now?
D
Right now in savings I have like, not a lot. Probably like seven grand. Six grand.
A
You probably go through that in about a month at this rate.
D
Oh, easy.
A
Yeah. What's your rent cost out here?
D
I live rent free.
A
Oh, How'd you accomplish that? What's the life hack family?
D
I'd say find a good company that really values you and then they'll pay for all your expenses.
A
That is wild. I don't think anyone values me that much to pay for all of my expenses. Isn't that the point of the salary?
D
Well, I'm not on salary. I'm more on a month to month basis, like hourly commission or what? It's a mix of. It's a mix of a little of different things. So like it's based on how much I put in, I get, I get out. So like, it's not a fixed, it's not a fixed, fixed rate.
A
Are you doing any investing right now?
D
I. I am actually, yes. I do have a few, A few investments in stocks like, you know, Nvidia, Apple, Microsoft. But I don't really have much in there. I probably have like seven grand. Six grand. Okay, five grand.
A
Doing a certain amount per Month or just, like, if you have some extra money?
D
Well, right now I'm in a pretty tough spot. I say so. I'm just trying to, like, you know, get out of my debt first, and then I'll get back into investments.
A
Where are you doing this investing? Like, is it an app or what?
D
It's on. We will.
A
Okay, so you got the app and you're doing single stocks only right now.
D
Single stocks, yeah, But I want to get into trading, like, day trading, swing trading.
A
What is that?
D
It's like you buy options, like, you know, contracts of, like, you're pretty much betting if the price is going to go up or down through contracts, and then, like, you get a return based off of that. So, like, let's say it goes up, you buy a call, you can get a certain percentage return. It's more volatile. Right. More risky, but there's a bigger return on investment.
A
It's riskier than day trading.
D
It is? Oh, no. Day trading is way riskier than swing trading.
A
Oh, got it. Okay, so swing trading is a step down.
D
Yeah.
A
Now, what's the difference between that and just gambling?
D
I'd say there's no difference. If anything, I mean, it sounds cooler.
A
You don't sound like a, you know, a gambling addict when you say, oh, I'm a swing trader.
D
Yeah. I mean, I'm not a swing trader yet, but I want to get into it. But I don't know if it's a smart idea, you know?
A
Doesn't that stress you out?
D
It does. Thinking about it, a lot of money
A
on the line that you could lose instantly.
D
Yeah. Yep, it is. And I know this because I used to day trade back then, like three years ago, and I blew all my money.
A
So you touched a hot stove, and now you're like, I'll touch a less hot stove. I could still get burned badly.
D
But, yeah, I'd say it's worth a shot, you know? Okay. It's nice to take risks in life, you know, and not have. Not live life wondering what if, you know.
A
Okay, well, let's do some math before we end here. So you said your car payment is $610.50. Something.
D
What was it, 6, 6, 10, 6. 15. Around there.
A
So this is the investment calculator. You said you're 23 years old.
D
Yeah.
A
What time, what age do you want to retire, you think?
D
I'd say. I'd say I'm very ambitious. Right. I want to retire by the age of 30 to 33.
A
Well, that's stupid. You're not going to do anything for the rest of your life at 33,
D
I mean, I can live off of just some type of business. Right.
A
A guy who thrives on ambition and success gives up at 33. You think that's realistic?
D
I'd say it's very realistic, yeah. Nowadays there's kids that are making over six figures through just online stores, E Commerce. Right. As well as content creation. I've seen it. I have friends that are doing it right now. And I feel like it's.
A
When you say you've seen it, you said you saw them talk about it on social media, pedaling a course to convince you to do it too.
D
I've actually met people in person.
C
How?
D
Like they already have sufficient amount of savings.
E
Right.
D
Like over six figures in their accounts. And all they do is just literally videos. And they get a lot of brand deals through those videos. Right.
A
You're saying it's easy to just make videos online and become rich now?
D
It is, yes. It actually is, I believe.
A
So we're gonna crunch the numbers here. Let me go to a realistic age to where you're investing your whole life. Right. Cause you're gonna invest forever, like, you know, in your working career. So let's say we're gon to 60, 23 to 60. All right? That's 37 years of investing. And let's say you start with nothing. Now, you told me you got seven grand already. Let's say you started from scratch and you're going to put that 615 into that account and we're going to put it into the stock market into an S&P 500 index fund or a mutual fund. So not a single stock, but a group of stocks, like 200 plus stocks. That way we're diversified. A little less risky.
D
Yeah. Okay.
A
What we've seen is about a 10% return over several, several decades in the stock market in the s and P500, right?
F
Yeah.
A
So I'm going to go 10% return. Hit calculate for me.
D
All right, calculates. There you go.
A
What's that number?
D
2000 or 2,865,795.
A
How does that hit you? If you traded that car payment for investing and then never stopped and just had cash cars.
D
That's nice. It does sound nice. I'm not going to lie.
A
Because that car is worth what after 10 years?
D
Probably like nothing under 10k? Under 5k.
A
Yeah. It's scrapped for parts. But those investments, man, that's how you really live your at that.
D
Yeah, it really is.
A
You could buy pretty much whatever Car you want in cash when you got 2.8 million sitting there?
D
Get myself that Lambo that I want. Lamborghini.
A
Does that change your mind at all after we had this conversation about how you handle your money?
D
It definitely does, yeah. Because. And this is very needed because, like, I'm trying to actually turn my life around, you know, financially. So the fact that you're here right now, it's. It's the universe telling me that I need to, like, you know, fix a couple of things, tweak out a little
A
things, you know, Some call me the debt free angel.
D
Yeah. So my debt's gone. If I look right now.
A
Look in my eyes.
D
Yes.
A
While most people are out here flaunting their designer brands and logos, I'm more of a quiet luxury guy myself. Stealth wealth, if you will. And that's why I love Cozy Earth, a sponsor of today's episode. They make amazing luxury clothing that feels so good, you'll never want to take it off. Can I interest you in the jogger set to start off, my good sir? Or perhaps the lake house clogs made of 100% Italian wool? I love it all, and so will you. And right now, you can get up to 20% off when you go to to cozyearth.com george and use promo code George at checkout. We'll get back to window shopping on Rodeo Drive in just a second. But first, did you know that spammers and scammers are window shopping your personal info as we speak? And they are breaking that window, and it's so much easier than you think because of these data broker sites. And that's why I love Delete Me, a sponsor of today's episode. They scour hundreds of these data broker sites to remove your personal info to help protect you against spam scams, fraud, phishing, you name it. And they'll even send you a custom report showing you exactly where they removed your info from and how much time they've saved you, which allows you more time to go window shopping. So go check it out for yourself. And get 20% off their annual plans@joindeleteme.com George. All right, tell us your first name.
E
Antoine.
F
Adam.
A
Very different for guys who look very similar. Very different names. Okay. Is that a French name? What is that?
E
Yeah, it's a French name. Yeah, From Quebec. Canada.
A
Lovely. You're both from Canada.
E
Yep, we are.
A
Okay. What are you doing here?
E
Just doing a bike, like, cycling. Training camp.
A
A training camp?
E
Yeah.
A
Is that what you do professionally? No.
F
Yeah, I've raced professionally. For quite a couple years and now kind of getting into more of the work career mode and we work together, we design bicycles.
A
Design bikes for a living.
E
Yeah.
A
So you guys really know bikes?
E
Yeah. Yeah.
A
Well, I'm not going to quiz you. I'm not going to quiz you today, but I could, I could. Okay, the question of the day. Are you rich?
E
No.
F
Potentially. Whatever rich means. I'd say I'm rich.
A
The squishy answer. Well, rich in money.
F
Yeah, sure. I'm living well.
A
What does that mean then when you say you're rich? Is that a number in the bank account? Is it net worth?
F
I'd say it's a way of life. So right now I'm able to live comfortably. I don't really have to really worry about what I'm spending on. I can kind of live and enjoy myself, go on some trips, you know, go out for dinners, buy some fun things. So to me that's living well. That's kind of being rich.
A
What income does that take in Canada
F
where you are definitely the Canadian dollar is not doing as well as the American dollar right now. But I'd say if you're over, you know, maybe 60,000, 70,000, I think you're living quite comfortably and you're doing well.
A
Do you guys have any debt?
E
Well, a mortgage. So that mortgage.
A
Okay, but no consumer debt?
E
No.
A
Okay. How about you?
F
Nope, no debt.
A
How old are you guys?
E
I'm 29.
F
27.
A
This is amazing. You guys are very mature for 27 and 29 year olds to be completely debt free with and own a home in Canada.
E
Yeah, well, I mean I, I guess we, we've like, we have a great family so they are supporting us. So that's a good thing.
F
Yeah, likewise I think just make smart choices. Schooling is definitely not as expensive as Canada as it is in the United States as well. So my parents have been able to support me put some money away when I was born to support with getting through college and university. So that really sort kind of supports us and myself. From when I finished up school I had no debt. So I can kind of start working into my career and start out that debt free.
A
So it's what you guys study?
E
Mechanical engineering, marketing.
A
And you both have the same job now?
E
Well, I'm bike designer so I'm doing the engineering side.
A
Oh, he's the marketing?
F
Yeah, marketing and product manager.
A
Is this like your bike company? Who's running this thing?
E
We are 30 employees in Quebec. Yeah. So it's a bigger employee than us.
A
Is it a Canadian bike Company or do you guys do a lot of stateside stuff?
E
It's consulting. So we are working for big bike companies. Yeah, multiple bike companies. Very cool.
A
Okay. Are you spending any money today on Rodeo Drive?
E
Probably only on food, not on those things, but yeah.
A
How about you?
F
Yeah, just some coffee, some snacks, but no, no fancy bits from people watching for you.
E
Yeah, I mean it was just to like we were here to do some cycling and then we wanted just to spend some time.
A
So what are your financial goals?
E
I mean, it's just to be able to retire at some point and like be able to keep the same way of living. So that would be the main goal but at the same time your lifestyle
A
after you're done working?
E
Yeah, yeah, likewise.
F
Just maintain living, keep improving year after year and yeah, living a good lifestyle.
A
Do you know your net worth? Like have you calculated and tracked your net worth to like know, hey, I'm a millionaire now, like on paper, between my mortgage and my investments.
E
Well, the price of houses in Quebec are not that high, so I'm not a millionaire. But yeah, I keep track of that just to make sure that my goal will be achieved around like 55 years old. So.
A
Okay. How about you?
F
Yeah, about the same. So yeah, maybe around 60. Plan to start thinking about retirement right around that point. And yeah, living well to you guys.
A
Thanks for chatting with us. Well, that was interesting. Most people don't consider themselves rich no matter how wealthy they actually are, because the goal post is always moving. They're discontent with what they have and there always needs to be a little more income, a little more stuff for them to feel like they've quote, unquote made it. And the people who did feel secure, well, they didn't have debt, they were comfortable with their lifestyle and they weren't looking around comparing themselves to others. That is the key to becoming wealthy. Just stay laser focused on your goals and you will build wealth that actually matters to you. So if you want to check your own net worth to see if you are rich or not, you can use the net worth calculator that I will link in the description below. Thanks for watching, we'll see you next time.
Host: George Kamel (Ramsey Network)
Episode Date: June 1, 2026
In this episode, George Kamel hits the iconic Rodeo Drive in Beverly Hills to ask passersby a deceptively simple yet profoundly loaded question: “Are you rich?” The episode explores not just financial wealth, but also how people define “rich”—with answers ranging from net worth to health, spiritual fulfillment, and lifestyle. Through unscripted street interviews, George uncovers a diverse cross-section of perspectives, debts, aspirations, and money philosophies, using humor and snark along the way.