GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
In a recent YouTubevideo, Kamel reacted to multiple financial tips given by world leaders.
Here are his thoughts.
Also see the six best pieces of money advice for the middle class.
Currently, student loan debt is a major issue in the U.S., totaling $1.753 trillion.
Kamel disagreed with this idea.
If youre unable to make thepayments and default, the bank could take your home.
Barack Obama
Former President Barack Obama said that someone truly financially secure doesnt need to show off.
I dont have to show you how much Ive got.
I feel good, he said.
Kamel wholeheartedly agreed with Obamas point.
When it comes to growing wealth, impressing your neighbors should be the least of your worries.
Kamel said building wealth is for you and your family.
Inflation has become a buzzword many consumers point to for their financial problems in recent years.
Reaching your financial goal means rejecting some things to get where you want to be.
Its so simple, but its so hard.
Live on less than you make, Kamel said.
His policy involves tweaking the Canadian system so thatmonthly rent paymentscount toward credit scores.
Canadas financial issues range from housing affordability to healthcare costs to widespread debt.
And Kamel is skeptical of the idea that agood credit scorecan help fix any big issues.
More From GOBankingRates
Share This Article:
