How to Make Your Money Work for You

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.8 • 3.6K Ratings

🗓️ 4 September 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Becoming a millionaire doesn’t happen overnight, but with discipline and smart choices, it’s totally possible to reach your money goals. Today, I’ll walk you through how you can start investing (even if you’re a beginner), show you the money magic trick that actually works, and debunk the popular 50/30/20 rule. What you get in this episode: · Investing for Total Beginners · The Money Magic Trick That Will Make You Rich · Why I Wouldn’t Recommend the 50/30/20 Rule Helpful Resources: · Christian Healthcare Ministries · EveryDollar 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

Transcript

Click on a timestamp to play from that location

0:00.0	Intro is a major pain when you owe money, but don't forget, it can be a positive thing
0:11.6	when you have money.
0:13.7	Compound interest is a magical thing when it comes to your money.
0:16.9	It is the magic trick that's going to help you become wealthy.
0:19.5	Hey guys, welcome to this episode of The Rachel Crew Show Podcast.
0:25.3	I'm so glad that you're here.
0:27.2	This is going to be a really great episode because in this episode, we're going to talk about
0:31.0	how to make your money work for you.
0:33.6	I'll go over my thoughts on the 50, 20, 30 budgeting method.
0:37.9	Then we're going to talk about the power of compound interest and how that can help you build wealth.
0:42.7	But first, let's talk about investing one-on-one.
0:46.3	Take a listen.
0:47.8	So I recently posted something on Instagram about investing and it kind of blew up.
0:52.9	There are so many comments, so many shares when it came to the topic.
0:56.9	So I thought, hmm, this is interesting.
0:59.0	Let's bring it on the show and talk about the subject of investing.
1:02.5	And since my investment strategy has been the same for ever, I was again, kind of surprised.
1:07.9	Pike just all the comments and the questions.
1:09.9	And as much as I believe that everyone should be investing, I also believe that no one should invest
1:14.7	in something that they don't understand.
1:17.2	And no one should invest before they're financially ready as well.
1:20.8	So today, I want to cover just the basics of investing.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.