How to Build Wealth That Will Change Your Family Tree

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.8 • 3.6K Ratings

🗓️ 25 March 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 Sign up for EveryDollar today. Create a free budget! Show Description Does leaving your kids money help or hurt them in the long run? Do ancient wealth-building habits still apply today? And how do you know what kind of money advice actually works? I’m sharing my thoughts on all of this and more. Next Steps 📕 Grab a copy of my kids book I’m Glad for What I Have: https://store.ramseysolutions.com/youth/children/im-glad-for-what-i-have-by-rachel-cruze/?gad_source=1&gclid=Cj0KCQjwwMqvBhCtARIsAIXsZpaQJTMavJXLa5OguBhnEKV4epQHwAO0i7SEPMgqLCl89uWmoHXMGeIaAoHxEALw_wcB 🎥 Check out my episode on setting your kids up for financial freedom: https://www.youtube.com/watch?v=WObMxA2Y6M0 🤔 Watch my video about millionaires who aren’t leaving their kids any money: [SP1] ✅ Create a monthly budget with EveryDollar: https://www.ramseysolutions.com/ramseyplus/everydollar 💸 Find out how to make wise financial choices for your family with Financial Peace University: https://www.ramseysolutions.com/ramseyplus/financial-peace?gad_source=1&gclid=Cj0KCQjwwMqvBhCtARIsAIXsZpac5u3WZEBuuZ3zif2e6SMxfiXDeE-CNWgP_PdU_YZaL3COBE-J5SsaArhiEALw_wcB 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 [SP1]This was a video link call out in the script, but it’s from episode 504 (the Monday episode of this batch releasing earlier this week) — I don’t have the link for it because it’s not published on YT yet.

Transcript

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0:00.0	Just because money advice has gone viral on the internet doesn't mean smart. Just because a company offers a special promotion doesn't mean it promotes your financial
0:17.4	growth.
0:18.4	That actually is more harmful than helpful.
0:22.1	Welcome to this episode of the Rachel Cruise Show podcast.
0:25.0	I'm so glad that you're here.
0:27.0	So in this episode, we'll chat about five ancient wealth-building habits
0:31.0	that still work today.
0:33.0	Then I'll talk through four money gimmicks
0:35.6	that will cost you and your family.
0:38.2	But first, I'm going to talk about why millionaires
0:41.2	aren't leaving their kids money when they die.
0:44.1	Take a listen.
0:45.5	So sometimes on this channel, we talk about food.
0:48.0	We talk about grocery store savings, affordable meals,
0:51.2	but I'm pretty sure talking about the Food Network star Guy Fury, this is a first.
0:56.4	And there was a recent article on People magazine and they reported that he isn't planning
1:01.1	on leaving his kids any money when he does.
1:04.6	And since he just signed an estimated 100 million dollar deal with the food network,
1:09.0	this got people talking.
1:10.8	Some people think it's selfish of him to do this. Others think that it's fair to encourage
1:14.9	your kids to forge their own paths. And as someone who literally grew up in the world of
1:19.6	personal finance and now teaches and talks about money, I kind of want to, yeah, give you my thoughts on this,
	...

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