Easy Ways to Build Wealth and Keep It

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.8 • 3.6K Ratings

🗓️ 5 February 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The idea that wealthy people always live in mega-mansions and wear $500 jeans is a myth. Being successful with money is as simple as having the right mindset and following a few basic principles. I’ll share more about it in this episode. Plus, you’ll hear three investing mistakes to avoid and small things you can do right now to double your money (the first one might surprise you!). What you get in this episode: · Investing Traps That Could Actually Lose You Money · 5 Easy Ways to Build Generational Wealth · How to Double Your Money (Here’s What It Takes) Helpful Resources: · Discover your earning potential with the Ramsey Solutions Investment Calculator. · Watch my How to Create a Budget From Scratch video, then start budgeting for free with EveryDollar. · Navigate the ups and downs of the market with an investment pro in your area. · Learn more about Christian Healthcare Ministries. 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. · Learn more about your ad choices: https://www.megaphone.fm/adchoices · Ramsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy

Transcript

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0:00.0	What if I told you that there's some small things you can do right now to set yourself up for a moment in the future when you look at your investments and realize that you have double what you used to.
0:14.9	You can use patience and wise choices and it may not be overnight, but you will thank me one day.
0:20.5	Hey guys, welcome to this episode of the Rachel Cruise Show podcast.
0:25.2	I'm so glad that you're here.
0:27.2	So in this episode, we're going to talk about how to make wise choices and use patience
0:32.2	to double your money.
0:33.4	Then I'll go over how to change your family tree
0:36.1	and build generational wealth.
0:38.0	But first, I want to share how you can invest wisely
0:41.6	and prevent losing money.
0:43.0	So take a listen.
0:45.0	Investing is a proven way to build wealth
0:48.0	and for you to be equipped for your future.
0:50.3	And that seems pretty clear and simple, right?
0:53.0	Well, after a decade, in this financial world,
0:56.0	I still get called all the time on the Ramsey show
0:58.0	where people think that they're the exception.
1:01.0	People are constantly wondering
1:02.0	if this specific investing
1:03.7	tactic that they've heard about through maybe the grapevine or from
1:07.9	social media will outsmart the stock market and make them richer, much easier and faster than everyone else.
1:15.0	They're like, rich, I have this thing and it's really going to work.
	...

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