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The Rachel Cruze Show

How to Avoid These Popular Debt Trends

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 6 May 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today. Create a free budget! This episode is one huge PSA! I’ll go over some of the worst debt trends and traps that steal your paycheck—and what you can do to steer clear of them so you can use your money to create a life you love. In This Episode: · Financial Goals That Are Impossible With Debt · The Sad Reality of Credit Card Rewards · The Financial Trend That Is Robbing You Blind Next Steps: · 📈 Check out the Investment Calculator: https://www.ramseysolutions.com/retirement/investment-calculator · 🏡 Work with Churchill Mortgage to buy a home without a credit score: https://www.ramseysolutions.com/real-estate/mortgage-loans · 💸 Take Financial Peace University: https://www.ramseysolutions.com/ramseyplus/financial-peace · 🎥 Watch “How Financially Smart Are You?" here: https://www.youtube.com/watch?v=MOU0tPd_8RE Offers From Today's Sponsors 🏥 Learn more about Christian Healthcare Ministries. Listen to More From Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Ramsey Solutions Privacy Policy

Transcript

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0:00.0

There are all kinds of reasons that people are convinced to make a risky

0:09.8

financial move. They fall into this trap because they haven't set themselves up well for

0:14.2

smarter, better options. It's not a bad thing to have to wait for something that

0:18.7

you want.

0:19.7

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

0:25.7

I'm so glad that you're here.

0:27.8

So in this episode, we'll unpack the truth about credit card rewards,

0:31.8

then we'll discuss the trends that is robbing you blind.

0:35.0

But first, I want to talk to you about what you could do if you didn't have any debts.

0:41.0

Take a listen.

0:42.0

So when it comes to money, it's always best to keep things practical.

0:47.0

But that doesn't mean that a little imagination isn't an important part of building wealth too.

0:51.6

So today, it's going to be all for you daydreamers out there

0:55.9

because I want to talk to you about what you could do if you didn't have any debts.

1:00.8

So it is time to look at the real opportunity cost and get intentional

1:05.7

about what your life could look like. We're going to be doing some calculating

1:10.1

and estimating and imagining,

1:12.5

so by the end of this episode,

1:13.8

you should feel really confident and equipped

1:15.9

to reach your goals and to start building the life

1:18.1

that you want without debt and payments weighing you down.

1:21.6

And stick around, because at the end end I'm revealing one of the biggest obstacles in people's way

...

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