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The Rachel Cruze Show

How to Become Financially Smarter Than the Average American

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 26 August 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app! Anyone else feel like life’s been expensive lately? While we can’t control inflation, we can change our relationship with money. Find out the simple steps you can take to make the most of your income and get ahead with money. In this episode: · Proven Ways to Stop Living Paycheck to Paycheck · Why People Are Skipping Meals (And It’s Not a Diet!) · How Do You Compare Financially to the Average American? Next Steps: · 🛒 Save time and money weekly with the Grocery Savings Guide. · 📗 Read our article “How Much Should I Have in Savings?” · 💰 Find out what’s possible with the Investment Calculator! · 🏠 Make a plan with the Mortgage Payoff Calculator. · 👩‍🎓 Pay off your loans faster with the Student Loan Payoff Calculator. · 💰 Get ready for retirement with the Retirement Calculator. The Sponsors: · 🔒 Remove your personal information from the web and get 20% off your DeleteMe plan. · 🏥 Learn more about Christian Healthcare Ministries. · 🧩 Use code Rachel20 for 20% off your TruPlay annual subscription. Listen to more from Ramsey Network: 🍸 Smart Money Happy Hour 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Whatever that's that's

0:05.0

that why is that you think I want to get in control of this part of my life,

0:10.0

have your mindset around that,

0:12.0

because that's going to help propel you again,

0:14.2

step by step, and in the times where it's hard

0:16.8

and the sacrifice is deep,

0:18.5

knowing your why is so crucial.

0:27.3

Hey guys, welcome to this episode of the Rachel Cruz Show podcast. I'm so glad that you're here. So in this episode we're going to be talking about why one-fourth of Americans have

0:32.1

admitted to skipping meals.

0:34.3

Then we'll discuss why over half of Americans are struggling in their finances today.

0:39.1

But first, I want to chat about proven ways to stop living paycheck to paycheck.

0:44.4

Take a listen.

0:46.0

So no matter what the latest stats are saying when it comes to inflation or the housing market,

0:50.8

one thing that has always been true is that too many people are living

0:54.0

paycheck to paycheck.

0:55.8

And this has always been the case ever since I've been in this world for 15 years of

0:58.9

personal finance, it's always a high percentage of people.

1:02.1

And here's the deal at all income levels all ages

1:05.6

we see that this can be true because people can stretch their income so far to

1:11.0

basically like exactly what they need and then there's no margin left over, which tells me

1:16.0

for sure it's not always about the money that's the problem. Sometimes it's about the person

1:21.8

handling the money because building wealth has always been about behavior more than a specific dollar amount.

...

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