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The Rachel Cruze Show

Make Your Money Work Smarter, Not Harder

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 1 April 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget! Show Description It’s no secret that everyone’s financial situation is different. But there are three money topics that relate to almost everyone on the planet: taxes, income and housing. Learn how to instantly make smarter money decisions in your everyday life. In This Episode · I Explain the Tax System in Under 10 Minutes · My Most Hated Financial Advice: Side Hustles · Renting vs. Buying Next Steps 🧠 Need help with your taxes? https://www.ramseysolutions.com/taxes/tax-services 😳 Want to hear more financial hot takes? https://www.youtube.com/watch?v=wSsZt04NIJU 🚙 Need a cheap, reliable car? https://www.youtube.com/watch?v=2xFFsnW913M 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

I have seen a lot of debate on the internet recently about renting versus buying.

0:13.0

So whether it's a home, a car, or even clothes

0:16.6

and furniture, it seems that everyone has

0:18.2

a very strong opinion about this topic.

0:22.0

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 another one of my most hated pieces of financial advice, a hint, it can actually be a great way to earn some

0:36.6

extra income.

0:38.3

Then I'll talk about the pros and cons of renting versus buying in all aspects of life.

0:44.0

But first, let's dig into the American tax system

0:47.4

in just under 10 minutes.

0:49.0

Take a listen.

0:50.4

It's April, which means it's officially tax season and unfortunately April Fool's does not apply for taxes and for a lot of people paying taxes comes with a lot of uncertainty even though we know it's coming at the same time every single year

1:04.7

but there's still this element of unexpectedness to it right it's just like oh my gosh but you know

1:09.1

from exemptions to write-off super percentages there's a lot that can change year to year. So today I'm

1:14.4

telling you exactly what to expect and stick around till the end because we'll go

1:19.0

over all the nitty gritty details and I'm sharing my number one tax season tip with you guys so stay tuned.

1:25.3

All right let's start off with eligibility so you only need to file your taxes if you're eligible

1:31.5

and whether you're eligible for filing a tax return

1:34.6

depends on four factors.

1:36.6

Age, are you above or below 65?

1:40.0

Income, are you earning the minimum gross income filing status are you filing as

...

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