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The Rachel Cruze Show

Common Money Mistakes (and How to Avoid Them)

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 22 July 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app! From surprising exceptions to my "no debt" rule, to maximizing your home's sale, to the real costs of car loans—today, I'm sharing tips to help you avoid common money mistakes when making big financial decisions. In This Episode: · The Only Exceptions to My “No Debt” Policy · 5 Mistakes to Avoid When Selling Your Home · The Worst Investing Mistake You Can Make Next Steps · 🎥 Watch my video on mistakes to avoid when paying off debt. · 🔨 Head to my video to find out which home upgrades aren’t worth your money. · 🚙 Check out my video on 10 great cars you can get for under $10,000. · 🏡 Sell your home with confidence! Partner with a RamseyTrusted real estate agent. Offer From Today's Sponsor · 🏥 Learn more about Christian Healthcare Ministries. Listen to More From Ramsey Network 🍸 Smart Money Happy Hour 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Ramsey Solutions Privacy Policy

Transcript

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0:00.0

So if you've ever had a high school English teacher who said to you that you had to learn grammar

0:09.1

rules so that you know when you're allowed to break them, well again, practicing really good financial

0:14.0

habits should always be your default.

0:16.2

But it's also important to understand the few times that formula might be a little bit different.

0:20.4

Hey you guys, welcome to this episode of the Rachel Cruise Show podcast.

0:27.0

I'm so glad that you're here.

0:29.0

So in this episode, we'll discuss five things to avoid

0:32.0

when selling your home. Then we'll chat five things to avoid when selling your home.

0:33.2

Then we'll chat about the worst investing mistake

0:35.9

that 40% of Americans are making.

0:38.6

But first, I want to talk about the rare exceptions

0:41.6

to my no debt policy.

0:43.9

Take a listen.

0:45.2

So, listen, with almost any rule in life,

0:49.6

there's always some exceptions to that rule, right?

0:52.4

It usually happens. I mean, family dinner. some exceptions.

0:53.2

I mean family dinner table exceptions excuse absences from school for your kids you

0:59.2

know some exceptions there PTO policies at work know, at least a couple of circumstances there.

1:04.4

You know, that you could change or tweak just a little bit. Well, the same goes for

1:08.9

money rules as well. So I've been teaching people about personal finance for well over a decade now and even though I still stand on those same

1:17.1

principles that I always have I will admit there are a couple of exceptions

1:21.6

when you really get into the weeds.

...

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