Best Money Habits to Make Sure You Don’t Retire Broke

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.8 • 3.6K Ratings

🗓️ 25 September 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

The money habits you have today could affect the rest of your life . . . including retirement. So, how do you know you’re setting yourself up for success when it comes time to hang up your suit and spend your days with your toes in the sand? In this episode, we’ll cover the reason why most Americans won’t be able to afford to retire and the habits you can start now that will ensure you’ll live a life you love when it’s time for retirement. Plus, Dr. John Delony and I talk about how getting rid of debt improves your mental health. What you get in this episode: - Why 70% of Americans Won’t Retire - 4 Money Habits to Master Before 40 - The Psychological Impact of Crushing Debt with Dr. John Delony Helpful Resources: · Start making memories now and purchase Telestrations today! · Christian Healthcare Ministries · Follow Dr. John Delony · Preorder Dr. John Delony’s new book, Building a Non-Anxious Life, now. · EveryDollar Sponsors pay the producer of this show, The Lampo Group, LLC, advertising fees for mentioning their services or products during programming. Advertising fees are not based upon or otherwise tied to any product sale or business transacted between any consumer or sponsor. The following sponsors have paid for the programming you are viewing: Christian Healthcare Ministries and Op Games. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	your body's paying a price when you owe somebody else and it's not just money
0:10.6	right it's with your calendar it's with boundaries it's with with several parts
0:13.7	of our lives but I have to do the hard work and say in what areas of my life
0:17.2	am I in the backseat and somebody else is driving
0:21.5	hey guys welcome to this episode of the Rachel Crucio podcast I'm so glad
0:25.6	that you're here so in this episode we're gonna talk about the best habits to
0:29.7	ensure that you don't retire broke I'll go over four habits to master before
0:34.9	your forties and then you'll hear a conversation I had with my friend and
0:38.6	Ramsey personality Dr. John Deloney on the psychological impact of crushing
0:43.9	debt you don't want to miss it but first let's talk about why 70% of Americans
0:49.0	won't retire and how to not be a part of that stat so take a listen according
0:55.2	to a recent study there's a large group of people who either won't be
0:59.0	financially ready to retire by the time that they think they will or they
1:03.4	won't be able to maintain the standard of living but they're used to in
1:07.0	retirement now I don't know about you but I'm confident that six-year-old
1:11.6	Rachel is going to be bougie which means current Rachel has to cut back on
1:16.6	certain things in order to get where she ultimately wants to be so I want to
1:21.7	tell you about my approach to investing and what the data is predicting
1:25.5	today and what that means for you and your future money so a study done by
1:30.5	the research center at Boston College says more than one quarter of all US
1:34.7	households think that they're on track to maintain their standard of living
1:38.0	and retirement but are actually at risk of falling shorts and there's a
	...

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