The Low-Key Financial Mistake We Can All Make

Smart Money Happy Hour with Rachel Cruze and George Kamel

Some things we’ve just gotten used to—like $4 coffee, the F-bomb on TV, and your cousin Fred oversharing on Facebook. But has our nothing-shocks-us society also desensitized us to the effects of living in debt? George and Rachel weigh in. Join them for a New York twist on a classic cocktail and smart money tips to ditch debt and build wealth.

In this episode:

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• Things we should find shocking, like a $500 car payment and retiring with a mortgage
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• Sputnik, “Carmageddon” and the gateway drug to debt: the credit score
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• The antidote to overspending (so you can enjoy what you have now while you work for the things you want later)
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Resources:

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• What to make real progress with your money? Get tickets to Total Money Makeover Weekend today.
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• Get George’s new book, Breaking Free From Broke.
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• Get your finances organized, make a plan, build your confidence, and kick money stress out of your life for good with the EveryDollar budgeting app. Go to www.everydollar.com/smart to get started today. Use code SMARTMONEY to get a free two-week trial and $15 off your premium membership to EveryDollar.
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• Do you have a Guilty As Charged question for Rachel and George? Send a DM to @rachelcruze or @georgekamel on Instagram! Be sure to type “GUILTY?” at the top of your message so we don’t miss it.
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This Week’s Happy Hour Special: New York Sour

Ingredients:

• 2 ounces bourbon
• 1 ounce lemon juice
• 1/2 ounce simple syrup
• 1 egg white
• 2 dashes angostura bitters
• 1/2 ounce claret wine

Instructions: Add the bourbon, lemon juice, simple syrup and egg white into a shaker with ice. Shake it vigorously until it's chilled. Then strain the mixture into a rocks glass over fresh ice. Slowly pour the claret wine over the back of a bar spoon so the wine floats on top of the drink. Voilà! Sip your sour in New York style.