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The Rachel Cruze Show

Making Money Isn’t Enough—Learn How to Manage It

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 6 November 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

Having a large salary doesn’t mean you’re building wealth, and earning a smaller income doesn’t mean you can’t manage it well. Anyone can win with money if they have the right tools—here’s what to do. What You Get in This Episode: · Making $330,000 and Still Broke? (My Reaction) · This Habit Is Keeping You Broke · How to Find $2,500 in Your Budget Helpful Resources: · Try BetterHelp today! · Check out Christian Healthcare Ministries. · Start budgeting for free with 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 and Better Help. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Making and managing money are two totally different things.

0:05.0

You could be making a salary of 50, 60,

0:11.0

$70,000 a year and be in better shape as someone who's making, 70,000,000 a year

0:12.6

and be in better shape as someone who's making

0:14.7

330,000 a year.

0:16.6

The best thing that you can do

0:17.9

is get in the habit of following a monthly budget.

0:21.4

Hey guys, 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 today's episode, we're going to talk about how making money

0:37.0

managing tips that will help you build wealth,

0:40.0

but first, let's walk through a call that I took on the

0:45.0

Ramsey Show recently that is a true example of this. Take a listen.

0:49.2

So about a month ago Dr. John Zoloni and I took a call in the Ramsey show that, well, it's pretty surprising.

0:56.5

And again, it wasn't as surprising because we hear the same situation come up over and over again.

1:03.0

So you've probably heard me talk about lifestyle creep in comparison culture,

1:06.4

and these are just two examples you guys have a larger problem that we're seeing

1:09.7

where people who are making $100,000, $200,000,

1:11.5

$200,000, even $ 300,000 dollars still feel like they're living paycheck to paycheck.

1:16.5

Now, of course, there are certain seasons that are more economically challenging than others,

1:21.6

but I am a firm believer that everyone has the ability

1:24.6

to take control of their money and make intentional changes that allow them to

...

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